mirestige
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$ this fund is not compunding interest right??
11
mirestige
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$ no more new campaign ☺️
3
3
mirestige
voted
The AI giant Nvidia announced a 10-for-1 forward stock split in its Fiscal Q1 earnings conference call on May 22. According to a release, the shares will begin trading split-adjusted at the market open on June 10.🚀🚀🚀
Although a stock split does not change the market value of a company, it provides a wider range of investors with the opportunity to purchase shares. How do you think the market will react to NVIDIA's stock split? ...
Although a stock split does not change the market value of a company, it provides a wider range of investors with the opportunity to purchase shares. How do you think the market will react to NVIDIA's stock split? ...
![Nvidia Stock-Split Coming: Grab rewards by guessing the closing price](https://ussnsimg.moomoo.com/sns_client_feed/77777000/20240606/1717644720923-d6d609c58e.jpeg/thumb?area=999&is_public=true)
232
419
mirestige
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$
moomoo deleted the thread where we commented about the change in cash plus 6.8% promo t&cs.
talk about playing dirty
moomoo deleted the thread where we commented about the change in cash plus 6.8% promo t&cs.
talk about playing dirty
16
23
mirestige
commented on
$NVIDIA(NVDA.US$ anyone tell me? everyone winning then who is losing?
1
11
mirestige
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$ hi,how do I know if I have successfully registered for the 6.8% promo?
3
mirestige
commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$ why is the return so low on some days….does not make any sense since the rate not so different one day after the other to see 1/3rd drop in daily revenue…any insights into why?
3
13
mirestige
reacted to and commented on
$Fullerton SGD Cash Fund(SG9999005961.MF$
I have subscribed to Fullerton cash fund for 1-2 week, and I receievd daily returns from. However, I receievd S$11 cash last week and S$14 cash today. I understand there’s a S$5 cash coupon, but what about the remaining cash that I receive? Anyone has ideas?
I have subscribed to Fullerton cash fund for 1-2 week, and I receievd daily returns from. However, I receievd S$11 cash last week and S$14 cash today. I understand there’s a S$5 cash coupon, but what about the remaining cash that I receive? Anyone has ideas?
4
11
mirestige : It's compounding. But then technically it's not interest. It's the nav of the units you hold increasing every day. So it behaves like it's compounding
mirestige 103997595: This is the easy way of explaining. The actual mechanism are as follows
I give example bah. If at Day 0 NAV is $1 you buy $1000 worth, you get 1000 units.
Day 1 the NAV raise to 1.01 (1%). So your holdings is worth $1010 now. The $10 is the so call "interest"
Day 2 if the NAV raise by another 1% to $1.0201, your holding is now worth $1020.1. The $10.1 extra is the "interest" for second day. So you can see you get 10 cents more than the previous day. It's as though it's compounding.
That's why cash fund are not risk free. NAV can go down and you see it as negative interest.
In short the interest shown per day is just a difference of your holding now compared to previous day.
If you want to say withdraw $50, they calculate how many units they need to sell to get the $50 and sell it for you.
It's like buying shares actually, just that normally it will go up everyday within a range (3.7% pa is about 0.01% NAV increase per day), while shares are volatile. 0.01% of $10,000 is $1. That's why we normally say 10k nets you $1 per day.
You see the attached picture, most days it's 0.01% (rounded up to 2 decimal point for display, it's actually lesser) increase. The 0.03% is for Tuesday when you get 3 days worth for Saturday, Sunday and Monday.
When I get into these, about half a year ago, I am also wondering how this interest works, and when I sell how it works. Then I go look at the data and calculate how those numbers are derived. But then I started out with mari invest. They provide details like how many units you bought and what's the nav upon purchase.
mirestige slank: Yes you can withdraw everything. After 3 months you at most have 10090. 90 days, +/- $1/day.
Your final value = capital * 1.0001^n, where n is number of days and assuming everyday gain is 0.01%. This got calculate the "compounding"
Just click here.
mirestige slank:
mirestige Master Corgi: Twice actually