bigfundr

[sohguanh]

Other forum promote this bigfundr got Maxi-Cash to guarantee. Yes pawshop and it is listed in SGX under another name btw. Interested can check https://www.bigfundr.com/

 

[sohguanh]

I go through this bigfundr and list my own perceived disadvantages

1. Minimum withdrawal $20 then can withdraw. Minimum investment start from $1000 so cannot test water say use $100
2. Monies must go into bigfundr account first before you can bid for deals
3. Showstopper for me. When new deals appear you must fast leg fast hands invest else monies filled up close deal. If you working full-time where got so much time keep waiting for new deals appear?
4. Maxi-Cash not bank they are more like Syfe, StashAway so how much faith you all have if borrower default go bankrupt?

 

[QinWei]

What s wrong with that??

that pile of $1k w many 50 dollar notes in the bank FD is diff w the other pile!?
And

that is not an atm
Why do we need to wdraw $10-20
Not atm, fyi

who 20sgd after an FD placement?

 

[sohguanh]

bigfundr model similar to funding societies just happen borrow monies not restricted to property developer. Customers bid for it and hope the borrower don't go bankrupt.

 

[sohguanh]

What s wrong with that??

that pile of $1k w many 50 dollar notes in the bank FD is diff w the other pile!?
And

that is not an atm
Why do we need to wdraw $10-20
Not atm, fyi

who 20sgd after an FD placement?

Read my showstopper instead. If one month only two deals your monies stuck inside bigfundr account earn zero interest. If wait for deal appear then you transfer in monies can be quite late as monies filled up deal is gone. Also working full-time how to keep fully alert to new deals appear? Retiree or not working ppl got advantage as they whole day can wait for new deals appear.

 

[bearkia]

i got 6% @ least!!


dont worry NOT from Suckers ie banks/fi institutions/ Insurers , not all of them

not my fav Moomoo too (trading app)

Do u need to be accredited or has min. of 5k or 10K??


the ans is NO, No! NO

Only if there are enough responses and likes , then i will proceed to share
If no1 wants it, i dont wish to share and then recve attacks for being sharing

Sharing is caring and golden!!!

my policy is :
Even a pauper deserved every golden invesmt!
no1 is to stop or restrict a pauper from placing any FD/Money mkt / Fixed income just cos he has only a few hundreds

a S$50 note is a S$50 regdless whether SDIC or not

so dont bother to ask whether is it it not

Finally i found something higher than 3.8% of SYFE!!!

if it is not deposit, why post here?

 

[QinWei]

U shd ask soh guan



why question me?

if it is not deposit, why post here?

Did i say it is not money market/fixed income?

 

[sohguanh]

if it is not deposit, why post here?

Actually this bigfundr and funding societies model depends how you look at it. When you are in the deal it is really guaranteed so as to speak. Just the company guaranteed on the other end is not a bank.

So if argue based on the deal it is guaranteed but on the other end when borrower default it really depends on how trustworthy the entity you put monies with. Maxi-Cash is listed in SGX as Aspial and they do pawnshop and other business also.

 

[QinWei]

ya

the bank took your deposits for a few mths and pay u right after the short tenure
Guaranteed w i/r

if that is not a fixed money mkt, what exactly is that?




Some even post a video!!!

and i didnt even know others are sharing in other thread
Is there??

 

[sohguanh]

ya

the bank took your deposits for a few mths and pay u right after the short tenure
Guaranteed w i/r

if that is not a fixed money mkt, what exactly is that?




Some even post a video!!!

and i didnt even know others are sharing in other thread
Is there??

Not other threads is other forum not under hwz. Investment we need diversify so is surfing forum. Unfortunately Spore law don't allow the same concept for spouse. You cannot diversify legally at least.

 

[QinWei]

cannot diversify legally at least.

Erm this sounds philosophical

 

[AlvinDj]

Why not just Moo's 6.8%? With so much lesser stress compared to Bigfundr

 

[QinWei]

Why not just Moo's 6.8%? With so much lesser stress compared to Bigfundr

That needs min.
Not all can afford it
And everyone deserved something!!

And moo is 31 days only
Not all have the app
I have but i dont wish to assume, cos not all trade

Moomoo SG universal account as cash rewards within seven business days after the 31-day period ends.




For our 6.8% p.a promotion, to enjoy the promotion for 20 days, up to SGD 50K, you will have to deposit at least SGD 10000 fresh funds.

 

[qhong61]

Why not just Moo's 6.8%? With so much lesser stress compared to Bigfundr

What is the risk

 

[DevilPlate]

If so good to be true, why banks refused to lend monies to those small time developers?

Might as well buy junk bonds etf?

 

[ctan84]

That needs min.
Not all can afford it
And everyone deserved something!!

U got comprehesion problem. No wonder u will pick a stock like Keppel Oak. MooMoo 6.8% starts at ONE cent to qualify. But MAX is $50k.

 

[sohguanh]

If so good to be true, why banks refused to lend monies to those small time developers?

Might as well buy junk bonds etf?

This is a question often asked. Look at SingFinance Singapura Finance etc they serve a need for SME which may not get loans by banks as banks impose a harsher set of criteria. Does this mean all SME borrowers are not trustworthy?

Why SingFinance Singapura Finance sometimes give good FD rates and then soon end the promo? I believe there is this void where banks don't do and hence smaller players step in to fill the void as there should be a demand for such loans.

 

[AlvinDj]

U got comprehesion problem. No wonder u will pick a stock like Keppel Oak. MooMoo 6.8% starts at ONE cent to qualify. But MAX is $50k.

Moreover, they have been renewing this promo since last year till now.. more than half a year already.. so much easier.. so much lesser stress / risk involved..

Let's hope it stays evergreen for this year at least

 

[QinWei]

Pls dont believe in those who cannot read simple eng


The minimum deposit for Fullerton SGD Cash Fund is SGD 0.01

but ie not the 6.8

and for 6.8
U need 10k for existing subscriber


https://www.moomoo.com/sg/support/t...tent={"promote_id":13643,"sub_promote_id":14}

such pp knws nothing but only knws ranting abt moo

 

[hyperfuse]

That needs min.
Not all can afford it
And everyone deserved something!!

And moo is 31 days only
Not all have the app
I have but i dont wish to assume, cos not all trade

Moomoo SG universal account as cash rewards within seven business days after the 31-day period ends.




For our 6.8% p.a promotion, to enjoy the promotion for 20 days, up to SGD 50K, you will have to deposit at least SGD 10000 fresh funds.

moomoo 6.8 percent only for 30 days? really waste time. why will anyone wanna have 6.8 just for 30 days haha..

i mean if one uses moomoo to trade, then yea might as well enjoy that 6.8 percent for 30 days as a bonus since gonna use moomoo to trade.

But for someone who wants decent interest for their savings, should look for a longer time horizon.

thats why months ago, when dbs launch the saavy endowment 11, its about 4 percent guaranteed, it was snapped up fast. that one is for 2 years tenure.

same for AIA 3.6percent endowment, also 2 years. snap up within a day. though interest not as high like 6.8, it has longer tenure to reap the interest.

Even ssb when it was highest at 3.4 percent for 10 years, lotsa ppl snap it up too. Its always better to have a decent interest rate but with longer tenure.

For those short tenures like 30 days, just go buy/sell stuff in carousel can earn u that profit if u know how to.