2 Months in Moomoo's Cash Plus Interest Revealed | Beginners Guide for Daily Interest

[@StickMan_Clara]

Great to see you did on how to redeemed the money from the app, not many videos shows that function! Thanks for sharing!

[@DemiZhuang]

Hope it helps!

[@Qibbles]

been using this to hold my emergency funds, tax budget, insurance budget, holiday funds, etc and works perfect for my use case

[@iam-we6lj]

Very real video no bullshit or fake stuff good job!!

[@winyentham454]

Newbie to money market fund here. Would like to check what are the risks if I place my money in the MMF?

[@Shiminliz]

Very good video. Thanks for the step by step guidance!

[@fiercekid84]

now this caught my attention

[@YamiKishiX]

What is the different between Fullerton Cash Plus and Liquidity Fund?

[@DemiZhuang]

Liquidity fund lets you do deposits and withdrawal into the fund SAME DAY if you do it before a certain cut off time. Fullerton Cash Plus is T+1

[@MrAprilius]

Very good video on the pros/conveniences. However, I was wondering if subsequently we could see more of the downside of the MMF such as elaborating on the unelaborated risks etc. 👍

[@DemiZhuang]

My own personal opinion, because it comprises of such short term maturity holdings, little besides platform risk? Didn't point it out or express my own, feel that people should determine the risks for themselves.

[@eye0807]

Thanks for this very helpful video. I just transfer from universal to smart saver Sgd and usd . May I know where to check the interest deposit. Thanks Demi .

[@heyaung]

you have big effort on your vid. very informative

[@64ytb]

After parking my money with moo moo for more than 30 days, should I go for we bull or should I continue to stay with moo moo? What’s your advice?

[@DemiZhuang]

Haha If you can fulfil webull's cash vouchers just for storing cash there?

[@user-fj1tn1jw9f]

Sorry, can I ask how does the 3.66% is calculated from ADB of 14k and the interest received is only $40+?

[@DemiZhuang]

Annualised returns.

[@zhenbin2613]

Hi, do you have a guide to buy dividends stock in moomoo and how to buy it? Thank in advance

[@DemiZhuang]

My Beginners Journey Investing into Singapore REITS kzbin.info/www/bejne/pHbbkIKOadmigM0

[@zhenbin2613]

@@DemiZhuang thank you. From your opinion, do you suggest moomoo or ibkr for beginner?

[@norman8858]

I still cannot find the redeem button to redeem my cash fund.....please help?

[@chongkaiclementlim4235]

hi Demi, i have subscribed for the cash plus on 27 & 28 dec, but till today have not seen the daily returns under revenue details in the app, any idea why? how long does the daily returns take to flow in/reflect on the app? isnt it on a daily basis?

[@DemiZhuang]

Hello! yes it should be on a daily basis! I'm not sure if the holidays period affected the days for you but it usually takes 2-3 days to show.

[@prashant9108]

How do I know that the interest has been credited?

[@chanchikitjustin1610]

Hi Demi, I am from Australia. Do you know any AU money market fund similar to Fullerton SGD Cash fund? Thanks!!!!

[@DemiZhuang]

Hey hey, apologies for the delayed reply. Money Market Funds in nature should be the same to be under this category. I'm not exactly sure in terms of the specifics, sorry about that!

[@gun5305]

Hi Demi, can give advice on what the issue is about? I am trying to buy a Fullerton SGD fund but after confirming I got the message: "We're unable to process your deposit request of 5000.00 SGD from the DBS/POSB bank account (****) because of the bank's processing error. This despite I have enough balance in my account. Thanks in advance

[@DemiZhuang]

Can you DM me on Instagram here - instagram.com/demiizhuangg then i'll be able to get them to check back end!

[@domorooools]

very helpful. thanks!

[@joyce779]

Hihi , I cannot find redeem option to withdrawal my Fullerton fund. Is cash plus withdrawal is doing withdrawal from fund ?

[@DemiZhuang]

yup

[@alanoon]

Can use SRS to buy Fullerton cash fund?

[@tintan1688]

Hey place with UOB 5% with salary crediting and credit card use. Minimum $100,000 cash credit with them.

[@DemiZhuang]

Yesyes!

[@yorkanathandinesh3012]

hi guys, just have genuine questions here. if i invest in the fullerton fund are therea any chrages to be paid ? or any taxes on the amount

[@DemiZhuang]

Already embedded in!

[@yorkanathandinesh3012]

@@DemiZhuang thank you so much !

[@pratikdam2804]

Hi demi, someone on hardwarezome said need to do 7 buy trades to qualify 5.8%? is that so?

[@DemiZhuang]

New users? No

[@dineshraj5368]

Hello, When it comes to making number of trades e.g. 3 trades and cumulative $3k deposit, can i just do $1000 x 3 deposits and that fulfills the criteria? I saw this on their TnCs "Buy trade is defined as the action of buying of stocks, ETFs or funds only. Selling of stocks, ETFs or funds is not considered as a buy trade. The minimum trade amount per transaction needs to be at least S$1."

[@DemiZhuang]

Yes you can deposit 3 times a thousand each. Ya what about that TnC statement?

[@dineshraj5368]

Thank you for your response and your video! Very helpful 😊

[@prashant9108]

Does the smartsave have any charges?

[@WongHongJun]

The 7d running interest advertised seems higher than your actual returns. Do you know why?

[@DemiZhuang]

If you go into the charts you'll be able to see that it fluctuates daily. At the time of the captured 7 day period, it could be higher.

[@syxixi]

moomoo unadjust price with gap at stock split make no sense. It is the only software in US has this stupid chart option. Forward/backward adjust distort the chart shape

[@jonsegamershadow488]

How do I withdraw money, apparently I have $100 in cash and $5 in cash withdrawable. How do I withdraw the $100?

[@DemiZhuang]

I think maybe it’s in transit, you redeemed the fund right?

[@user-gw5db6vt3w]

Hi Demi,I did 5 buy trades to the Fullerton SGD Money Market @ $10K each (total $50K), activated Smartsave to utilise balance $30K funds. Does this qualify for the $380 guaranteed returns?

[@DemiZhuang]

It should! Though smartsave not a requirement.

[@d3athkai]

Hi Demi, Very informative video. Do you withdraw the interest generated or just the interest sit in to continue to generate more?

[@DemiZhuang]

Sits there!

[@applelee1009]

Just curious. How to sell the 1 x apple or SEA share

[@DemiZhuang]

When it’s unlocked just sell on their platform

[@yk0999]

Great video about moo moo and the fullerton sgd cash fund i gonna put money in it once i max GxS account 😊

[@chenmoney1920]

I can't get Gxs account, any tips?🙏

[@yk0999]

@@chenmoney1920 I recall that they stop letting new user join ,you can look it up at their website hope that helps.

[@siewweichaw]

hi Demi can I ask for the smart save, they are using whatever funds that's left in the universal account?

[@DemiZhuang]

Yes!

[@siewweichaw]

@@DemiZhuang okies thanks for the helpful contents! can I also know if you are familiar with income taxes for self-employed ppl?

[@DemiZhuang]

Haha not exactly yet!

[@shawnchiu5847]

Hi, can I ask if the internet for sat and sun for moo moo cash plus will be credit on Monday? I didn’t receive on weekend but I receive the interest on Monday but it seem like it was only Monday interest. Do the moomoo cash plus earn interest on weekend too?

[@DemiZhuang]

Mentioned in the video. Weekend and ph no. Either monday or tues

[@Sohws]

What do you think of SYFE Cash+? Is it comparable?

[@DemiZhuang]

The underlying fund is different, syfe Cash+ is Lion Global funds. If you compare the performance, Fullerton is better.

[@Sohws]

@@DemiZhuang thanks for sharing 🙏🏻

[@takanna]

hi, thank you. what about the risks? 😢

[@DemiZhuang]

kzbin.info/www/bejne/eqLTZnaLqrZ4r6M Josh Tan did cover, but all in all, because majority of its holdings are short term maturity assets and in govt bond etc its considered relatively safe.

[@daolee4151]

Cash fund like this , is there a chance my capital goes negative without count in the daily interest

[@DemiZhuang]

It’s not 100% risk free!

[@user-uf7mn7vd7x]

Can help share the excel your interest reveal? Thank you.

[@DemiZhuang]

Huh?

[@AbcBakery]

Hi Demi, if I deposit amount $10,000, did 5 buy trades and subscribe into the moomoo cash plus account. On the 89th day, the account dropped to $9,900 (if the stocks I purchase, dropped in value). Will I still be eligible for the highest tier?

[@DemiZhuang]

The T&C says the total value can fall up to 30%

[@shermontan7240]

Hi, I subscribed to the sgd fullerton fund thrice, total amount subscribed being 3100. Am i eligible to receive the shoppee stock? If so, is there a notification to indicate that I have fulfilled the criteria and will be receiving the shoppee stock?

[@DemiZhuang]

Hello, you should be able to go back to the promotion page and click redeem once you fulfilled the criteria which you have. Then hold the amount there for 30 days before the shopee stock gets unlock to you

[@64ytb]

Can you pls advise regarding UOB 7.8% pa for $100,000 savings account. You mentioned that in order to get 3.85 percent, you need to fulfill the critia as stated in website. So how does the 7.8% pa applies here?

[@DemiZhuang]

3.85% is only the first tier balance! The full effective interest is 5% on first $100,000 if you can do the salary crediting and spending $500 a month on the eligible credit card

[@64ytb]

@@DemiZhuang , So it means if I am able to spend $500 on my credit card, the bank will credit 5% of %100,000 to my account? Which is $500?

[@64ytb]

How does the 7.8% pa applies in this case?

[@64ytb]

@@DemiZhuang Does it has to be credit card? Can I use debit card instead?

[@sweetpea2947]

is this 100 % principal guarantee. Meaning no lost in my principal amt

[@DemiZhuang]

nope, principal is non guaranteed.

[@shawnchiu5847]

Hi I saw ur video and I subscribe to cash plus. but i am not seeing the fund and the redeem button. Does it take a while to appear?

[@DemiZhuang]

Yes it does.

[@shawnchiu5847]

Thanks for your prompt. Your video provide good financial advice. I subscribed.

[@adriankt]

How is this mmf interest same as ocbc 360 100K with salary &500$ increase monthly?

[@DemiZhuang]

Probably should have mentioned that I was referring to those at the first tier, having $30,000 / $75,000.

[@akbarali6463]

Thanks

[@cinderellalow148]

Cash plus interest we will earn everyday? My side didn't show the revenue that i have earned

[@DemiZhuang]

When did u start, give is 1-2 working days before interest starts

[@cinderellalow148]

I see, get it, thanks, I have received it today

[@soochenwoo2373]

What about fees and such?

[@meyo_lin]

no fees required

[@mahbubrezvi]

can you teach me more?

[@alexkok4652]

Can the existing user still benefit from all those promotions?

[@DemiZhuang]

You should be able to see the 5.8% promotion in your account promotion page! besides this the others you will not be eligible for.

[@johnnyreese9511]

I don't see this on the app no where.

[@DemiZhuang]

Click on fund - you’ll see the funds available.

[@teojinhock6446]

Hi, at 9:30 min, i'm interested to know the formula that you have used to compute the interest rate that you have earned based on the interest return and the capital that you have invested in the MMF.

[@DemiZhuang]

It’s manually keying in the interest amount daily then calculating the overall p.a interest after a month has passed though. Not predicting interest. If you’d like I can share the template.

[@teojinhock6446]

@@DemiZhuang Yes please!

[@bjg9801]

is it 100% Capital Money back guaranteed?

[@DemiZhuang]

they dont guarantee ur capital. its returns guaranteed. this at the end of the day is an investment too albeit low risk.

[@limweiqiang]

How much is the limit we can put in the fullerton sgd fund? Thanks

[@DemiZhuang]

80K for the 5.8%

[@pratikdam2804]

any negative day ah so far?

[@DemiZhuang]

No

[@Rascalboy-ew1bs]

REALLY CONFUSE HOW TO WIN THE 700

[@DemiZhuang]

video coming up at 8AM talking about the step by step guide if not I've written a post on this - www.demizhuang.com/writings/your-guide-to-moomoos-58-guaranteed-returns

[@ngsy8193]

Hi Demi, the 5.8% moomoo promotion is it like a 30 fixed deposit? I cant take the money out for 30 days? If I want to leave it more than 30 days can i

[@DemiZhuang]

If u want to enjoy the 5.8% yes, keep for 30 days. If you want to leave it longer its just the fund interest that u will get at 3+%

[@ngsy8193]

@@DemiZhuang wow you reply really fast! I see, so it’s flexible. Thanks much!

[@user-im1uv7pf6z]

hi

[@waynecheah3653]

3%-4% Monthly Interest ?!

[@Qibbles]

annualized

[@DemiZhuang]

yea annualised returns

[@chenmoney1920]

Are you single?

[@kkchong3617]

I am from Malaysia. Can i sign up MooMoo Singapore platform as well?

[@srirammanda9697]

Hi @DemiZhuang please let us know if we buy "SGD Fullerton cash fund" 3 times in 30days will it be consider as 3 trades ? Thanks in Advance!

[@DemiZhuang]

Hi yes 3 times is 3 trades but if you do it within 30 days, only at the third do you get the Sea share issued to you. So if you want to do it, should do it on day 1 and just wait 30 days. If doing what you mentioned, thats a total of 60 days before the share get unlocked for you to sell.

[@srirammanda9697]

@@DemiZhuang Thanks a lot! for your quick response. Appreciate your videos they are quite helpful.

[@DemiZhuang]

Glad it helps :)