tag:blogger.com,1999:blog-37872616.post2344499668602635425..comments2024-03-28T18:20:20.744+08:00Comments on BULLy the BEAR: Phillips money market fund (MMF)la papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-37872616.post-89252358706448909192016-10-13T23:33:30.822+08:002016-10-13T23:33:30.822+08:00Hi Bruce,
I think you can. Email or call your bro...Hi Bruce,<br /><br />I think you can. Email or call your broker about it. You might need to open another acct which is together with the poems mmf though, i'm not sure about the process.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-39128069973823944122016-10-13T14:32:52.544+08:002016-10-13T14:32:52.544+08:00i'm with POEMS, but a cash-only account, so i ...i'm with POEMS, but a cash-only account, so i think i cannot go apply for such MMF.Brucehttps://www.blogger.com/profile/13254585464682836163noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-15275230073402435432016-10-03T18:15:34.314+08:002016-10-03T18:15:34.314+08:00Hi GMGH,
Nah, we're all adults here, so we kn...Hi GMGH,<br /><br />Nah, we're all adults here, so we know not to blame someone cos we didn't do our own due diligence and follow. No worries here :)<br /><br />I'll check it out, thanks!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-36476323913363598382016-10-03T10:52:12.464+08:002016-10-03T10:52:12.464+08:00Hehe, later I kena haunted by any "recos"...Hehe, later I kena haunted by any "recos" I give!<br /><br />I'll just "mention" 2 short term bond funds that I have personally owned before.<br /><br />Nikko AM Shenton STBF - 0% sales charge, 0.3% mgmt fee, 16 year history, consistent returns of 2+% pa, current fund duration 1.45 years, largest drawdown of 4.3% from Sep 08 to Jan 09.<br /><br />UOB United SGD Fund Cl A (Acc) - 0% sales charge, 0.6% mgmt fee, 18 year history, consistent returns of ~4% pa, current fund duration 1.8 years, largest drawdown of 3.38% from Aug 11 to Oct 11.<br /><br />I think once you are willing to give up the "100% capital return guarantee" and instead have a willingness to risk 5% (at least based on past drawdowns), you gain access to a product with higher returns and more flexibility (compared to the traditional FD / endowments).<br /><br />I'm always curious how other people manage their cash deposits since I rarely hear of people using anything other than an FD.mini Ghttps://www.blogger.com/profile/02721644172599656913noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-53889363611060383632016-10-01T08:07:50.555+08:002016-10-01T08:07:50.555+08:00Hi GMGH,
Haha, thanks for helping me out on answe...Hi GMGH,<br /><br />Haha, thanks for helping me out on answering the queries :)<br /><br />It's exactly as you spelled it out :) Simi lobang for short term bond funds, recommend leh, haha!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-58974543239642344102016-10-01T08:06:50.419+08:002016-10-01T08:06:50.419+08:00Hi foolish chameleon,
As GMGH mentioned, it is qu...Hi foolish chameleon,<br /><br />As GMGH mentioned, it is quite liquid. It is exactly as he mentioned regarding the MMF account that is used to buy stocks, and when sold will be automatically channeled to the MMF account again.<br /><br />But if you're talking about withdrawing the money out from the account, it takes 1 day most of the time, perhaps 2 if you didn't do it by certain hours. 'Interest' is not a right term here, more like returns, because I mentioned in the post that it's more like buying unit trust with NAV. Since the NAV of the MMF increases every few days, your returns will be locked in when you 'sell' the units. And you do so by withdrawing out the money from the MMF account. To ans our question, it's calculated daily, but it's not like interest from banks.la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-91099061602257393392016-09-30T14:37:44.822+08:002016-09-30T14:37:44.822+08:00I quite like this fund, but I put most of my exces...I quite like this fund, but I put most of my excess money in short term bond funds for the pick up in yield at the expense of the increased risk of capital loss. I'm willing to be paid to assume that extra risk (which is worth it in my view).<br /><br />@foolish chameleon<br /><br />When I opened my POEMS account, there was an option to automatically put cash just sitting idle into the Phillips MMF. I ticked that option, but I had already read up and was aware about it before I went to apply.<br /><br />Now as long as I put money into my POEMS account, it automatically goes into the MMF. When I want to buy investments, it is automatically redeemed and used for purchases. When I sell investments, my cash that goes back into my account automatically create new units of the MMF.<br /><br />At least, that's how I understand it works for me. Maybe someone else can clarify. mini Ghttps://www.blogger.com/profile/02721644172599656913noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-68886710369289114982016-09-30T11:15:25.774+08:002016-09-30T11:15:25.774+08:00how liquid is the monies?
as in , how long does i...how liquid is the monies? <br />as in , how long does it take for the money to be withdrawn etc? <br />is the interest calc on a pro-rated daily basis? <br /><br />can i use it to buy from POEMS directly? <br />foolish chameleonhttps://www.blogger.com/profile/05964116916697053495noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-84002239562640749172016-09-29T22:59:25.391+08:002016-09-29T22:59:25.391+08:00Hi Azrael,
Haha, I haven't got THAT much mone...Hi Azrael,<br /><br />Haha, I haven't got THAT much money to make a ladder using fixed d, so I'll stick to poems MMF first. When I have too much spare cash that I find it uncomfortable to put more into MMF, then I'll do other stuff. <br /><br />Good suggestion though :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-71234927082817585272016-09-29T16:38:31.589+08:002016-09-29T16:38:31.589+08:00I think if cannot get 360, probably laddering/mult...I think if cannot get 360, probably laddering/multiple fixed deposits is the best. My 360 account is yielding lower thanks to being unable to hit CC spend (though savings make up for it).Azraelhttps://www.blogger.com/profile/00870868109481294755noreply@blogger.com