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-   -   What's Money Market Funds? How to invest? (https://forums.hardwarezone.com.sg/money-mind-210/whats-money-market-funds-how-invest-6203864.html)

P R N D 09-02-2020 11:31 AM

What's Money Market Funds? How to invest?
 
Just watch a Youtube saying money market funds provide better return than Time deposit and is low risk.

So in Singapore, how to proceed to look for a good money market funds?

Which do you prefer?

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Rainbow1112 09-02-2020 12:14 PM

Quote:

Originally Posted by P R N D (Post 125051383)
Just watch a Youtube saying money market funds provide better return than Time deposit and is low risk.

So in Singapore, how to proceed to look for a good money market funds?

Which do you prefer?

Sent from Mercedes-Benz E250 using GAGT

Money market fund is not popular in Singapore because of the risk involve.

You can try using stashaway cash management fund which invest in 2 money market fund that give around 1.7-1.9% interest.

BBCWatcher 09-02-2020 12:56 PM

Quote:

Originally Posted by P R N D (Post 125051383)
Just watch a Youtube saying money market funds provide better return than Time deposit...

That’s not correct. Fixed deposits involve a time lock, and you’re rewarded to some extent for honoring that lock. The best fixed deposits are running several basis points ahead of the best money market funds.

Quote:

...and is low risk.
Well managed, conservative money market funds are relatively low risk, but fixed deposits at or below the SDIC coverage limit are definitely lower risk.

Quote:

So in Singapore, how to proceed to look for a good money market funds?
Which do you prefer?
I don’t prefer any of them since Singapore dollar money market funds are “tax toxic” to U.S. persons like me. However, for those of you who aren’t in that position and who want a Singapore dollar money market fund, LionGlobal’s looks pretty good. I don’t think very many people need them, though.

tangent314 09-02-2020 05:13 PM

For most of us here on buy and hold strategies, MMF isn't very interesting. It's typically more for traders that will have cash balances in their trading account in between trades.

POEMS, for example, automatically invests balances of over $100 in your trading account into their MMF. https://smart.poems.com.sg/smartpark/

Seah.tt 09-02-2020 06:34 PM

MMF is not capital guaranteed

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