In the middle of 2022, I learned through moomoo's push notifications that moomoo has launched Cash Plus@ Futon New Element MMF. I found that its returns are much higher than the interest on current accounts in banks, so I started buying thousands of shares. The performance of this MMF has been stable, which makes me very satisfied, and I have been holding it ever since.
Later, I saw moomoo introduce @ Southern East Dollar MMF, which provides more options for investors like me who frequently trade US stocks. Not only can it help me prepare more funds for opportunities, but it also offers decent interest rates. Another MMF, BNP Paribas USD Money Market fund, has a return of around 5%, which is significantly higher than most banks' fixed term deposits.
With the Federal Reserve's announcement of a 50 basis point rate cut in September, the MMF yield has also decreased recently, but it still accounts for the largest proportion of holdings. I hope moomoo continues to launch Cash Plus investment reward activities, allowing investors to earn additional income.
Later, I saw moomoo introduce @ Southern East Dollar MMF, which provides more options for investors like me who frequently trade US stocks. Not only can it help me prepare more funds for opportunities, but it also offers decent interest rates. Another MMF, BNP Paribas USD Money Market fund, has a return of around 5%, which is significantly higher than most banks' fixed term deposits.
With the Federal Reserve's announcement of a 50 basis point rate cut in September, the MMF yield has also decreased recently, but it still accounts for the largest proportion of holdings. I hope moomoo continues to launch Cash Plus investment reward activities, allowing investors to earn additional income.
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