How moomoo App Help Beginner Investors Kickstart Their Investment Journeys

By now, if you still have not heard of moomoo, you might need to get out of your cave! That is because moomoo’s, the trading platfrom, advertisements are splashed across the island, all over MRT platforms, national newspapers as well as social media. Besides its really cute name, you might be wondering what exactly is moomoo?

moomoo is an online trading platform launched by Futu Holdings Limited (FUTU). In Singapore, products and services on moomoo are offered by Futu Singapore Pte. Ltd. (FUTU SG), a wholly-owned subsidiary of FUTU, that is licensed and regulated by the Monetary Authority of Singapore (MAS). FUTU is listed on the NASDAQ stock exchange in March 2019 and the moomoo trading platform was launched in Singapore earlier this year in March 2021 with an aim to help beginner investors to kickstart their investment journeys. Here are 5 ways how moomoo app can help them kickstart their investment journeys.

1. A 24/7 Help Centre To Address Your Concerns

 

We all know that taking the first step in investment can be a tentative, or even fearful one. Sometimes, questions can be as simple as not knowing which button to press. When they get too plentiful, these doubts can amount to significant inertia.

Not to worry, moomoo powered by FUTU stands by to help by providing customers service 7 days a week and 24/7 on trading days! No questions are too stupid or silly. Instead, users will find all the support they need online to ensure that all their doubts are thoroughly clarified before making their investments.

2. Start With Paper Trading

To help bolster beginner investors’ confidence further, they can consider trying out with paper trading on the moomoo platform first. This enables them to not only get familiarised with the user experience, but also conquer their fear of trading with real money.

In addition, trading with paper money is a perfect testbed to try out different investment strategies before deciding which suits them best. Within the moomoo app, occasionally, they have paper trading competitions where you can win prizes!

3. A global investment community with latest insights

Sometimes, it can get lonely walking the investment journey alone. Not to worry, there are 16 million others (and counting) globally to cheer you on. Amongst them are moo community influencers who would often share insights and valuable information.

4. Learning Investment on-the-go

If you don’t possess the ability to organise nor process the information but still recognise the importance of investing, why not equip yourself with this knowledge by taking courses on the moomoo mobile app?

With courses such as Investing 101 and Top Tips for New Users, this will provide all beginner investors a strong foundation in their investment journeys. The best part is that the majority of these courses are absolutely FREE. So there is really no reason not to get started on them!

5. Welcome Rewards worth more than SGD$2,000

 

Often times, beginner investors may make more mistakes due to the lack of experience. To reduce the pain of this potential loss, Futu Singapore is giving away Welcome Bundle worth up to $2,000. Here are the steps (not cumulative) to ensure new users receive the Welcome Rewards:

  1. Register for a moomoo ID
  2. Successfully open a FUTU SG Securities
  3. Make a First Deposit of at least S$2,700 and above & immediately you will receive an Apple (AAPL) share and S$40 stock cash coupon, promotion ending on 30 November 2021, 0959 SGT.
  4. Transfer in some shares into the platform and depending on your shares values, you will be rewarded with more Apple (AAPL) shares or even the latest iPhone 13 (limited redemption)!

More terms and conditions of the Welcome Rewards can be found here. With Welcome Rewards of up to S$2,000, this is the valuable headstart that beginner investors probably cannot find on other online brokerage platforms besides moomoo.

Sign Up via moomoo App Now to open your FUTU SG securities account!

This rounds up the 5 ways that moomoo app massively help beginner investors kickstart their investment journeys! Download and sign up for moomoo app using this link today to take the all- important step of investing.

 

 

 

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All Your Needs Online In One CART

It is now possible to shop for all the things you love in ONE single mobile app – CART! This mobile app combines the best of 4 worlds: Giant, Cold Storage, CS Fresh and Guardian. With over 20,000 items available (and counting!), you will surely find something that you need without ever having to step out of your house. These include exclusive range of products such as Giant and Guardian house brands, and the award-winning Meadows with good quality products at value prices. Find out how the brand-new CART mobile app delivers both convenience and savings.

Enjoy Savings Galore with CART

Firstly, all NEW customers  will receive $20 worth of coupons* simply by downloading CART on APP Store & GOOGLE Play You can expect the usual promotions from your favourite brands (Giant, Cold Storage, CS Fresh & Guardian) plus app-exclusive deals!

Everyone loves FREE Delivery – so now with just $50 min spend, you can enjoy FREE delivery on all CART orders. No hidden charges or service fees too! Of course, let’s not forget that you continue to enjoy immense savings with Giant’s Lower Prices That Last on groceries and Guardian’s Low Prices Locked To Stay Low on health & beauty essentials!

Register on CART app and be the 1st to know of flash deals, specials coupons and ongoing promotions!

* All new CART customers will receive $20 worth of coupons (with denomination of $10, $5, $5) and can be redeemed from the ‘My Coupons’ section in ‘My Account’. Only one (1) coupon can be used per transaction.

Convenience At Your Fingertips

Missed a few items from your last grocery trip or don’t have the time to head out? With CART App, you can shop 24/7 at your own convenience as the shop never closes!

You can also look forward to getting your items delivered as early as the same day**

** Subject to slot availability and applicable for orders placed before 10am

Celebrate 11.11 with CART

Here is another reason why you should download CART ASAP! From 29 Oct – 11 Nov, celebrate 11.11 with CART. Enjoy additional perks such as:

  • $10 OFF $80 Spend for ALL customers (both new and returning)!
  • Up to 70% off exclusive CART deals from Giant, Cold Storage and Guardian!
  • Watch out for Daily Vouchers & Flash Deals!

Download CART on APP Store & GOOGLE Play now to enjoy insane savings and ultimate convenience!

 

 

 

 

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Which Career Path Should You Take?

Your career has a significant impact on your future. It can affect many facets of your life such as your lifestyle, income, identity, and family. Carefully consider your options and follow these steps to help you decide what career to pursue.

#1: LEARN ABOUT YOURSELF

You must assess yourself first before choosing the right career path. Your interests, soft skills, aptitudes, personality, and values make you a good fit for a particular occupation.

What subjects did you enjoy at school? What activities have you done well at? You can use self-assessment tools to gather information about your traits. Others work with career counsellors to help them navigate this process.

#2: MAKE A LIST OF TOP 4 CAREERS

Narrow down your list of potential careers. Keep in mind that you must choose a career in which you are interested. Aim to match your qualifications and personality with your top four choices.

See if these choices feature similar skills and other qualifications. Make note of these similarities as it can help you decide what your future study options can be.

#3: EXPLORE THE LIST

Now that you have the basic information about each occupation on our list, it is time to do your research.

Image Credits: pixabay.com

Look for job descriptions, further training, and licensing requirements. Learn how you can advance in a particular position. You can also research on the job outlook and your potential earnings.

#4: CREATE A SHORT LIST

Begin eliminating careers that you do not want to pursue any further. You should end up with two occupations on your concise list.

Eliminate everything with duties that do not appeal to you. Remove careers that have weak job outlooks! Lastly, get rid of careers that you are unable or unwilling to fulfill the requirements.

#5: CONDUCT IN-DEPTH INTERVIEWS

Narrow your choices further by conducting in-depth interviews. Find credible people in career resources such as LinkedIn. Arrange to meet with people (i.e., online, or offline) who work in the occupations in which you are interested. These people can provide firsthand experience about their careers.

Study their answers and go back to your list. Contemplate on your potential career options.

Sources: 1 &2

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Receive Prompt and Quality Medical Care at Private Hospitals with Minimal Cash Outlay

The current pandemic has made more people take a closer look at their health insurance coverage and recalibrate to focus on what truly matters. Short waiting times, choice of doctors and being able to rest and recover in the privacy of a single room are some of the factors considered when choosing a hospital for treatment.

Timely, Quality Medical Care

One often overlooked characteristic of medical treatment is value. In fact, the importance of timely and attentive medical care cannot be underestimated. For example, patients sometimes delay seeking treatment out of procrastination or superstition. We all probably know of a family member or friend amongst us who dismiss the emergence of some symptoms as one-off incidents or simply the inevitable outcome of aging. However, this could potentially lead to unintended consequences such as deteriorating or irreparable medical conditions.

Seeking treatment early could mean reduced chances of having invasive treatments due to complications, which in turn can reduce the overall cost of treatment.

At the IHH Healthcare Singapore group of private hospitals namely, Gleneagles, Mount Elizabeth, Mount Elizabeth Novena and Parkway East, consumers can book an appointment with specialists for the next working day and even schedule surgery within 48 hours. They are also supported by multi-disciplinary specialists with years of experience under their belts and equipped with modern technology and facilities. This naturally leads to an environment where prompt treatment and care is prioritised in a space that promotes their subsequent rest and recovery.

Minimal Cash Outlay

Worried about the size of your medical bills? Some people choose to avoid hospitals because they fear huge medical bills. A survey conducted found that 2 in 5 patients spent most of their life savings battling illnesses. This shows how important it is to have proper medical coverage through an integrated shield plan so that you are protected from huge medical expenses.

Do you know that it is actually possible to receive quality medical care with minimal cash outlay? The key to this is to ensure that you have an integrated shield plan with rider where co-payment can be capped at 5% of the total hospitalisation bill. Here are some examples from Parkway East Hospital:

  • A cataract surgery with lens implant is estimated at $7,718, pay either $0 (full rider) or $385.90* (co-pay rider)
  • A surgery for removal of gallbladder with 3 days of hospitalisation in a standard single room is estimated at $29,696. Integrated Shield Plan holders pay either $0 (full rider) or $1,234.70 (co-pay rider)

**Examples are calculated using NTUC Income Enhanced IncomeShield Preferred and Deluxe Care Co-pay rider. Out-of-pocket costs may be further reduced by Medisave, subjected to claim limits, and corporate insurance, if any. The estimated bill and average length of stay are calculated based on historical data and serves only as a guide. The bill size will differ depending on the severity of condition and other factors. In the event of any dispute, the decision of Parkway East Hospital is final. Please confirm your coverage with your health insurance provider.

According to the Straits Times, 7 in 10 Singaporeans and PRs have an integrated shield plan. Of the 2.94 million people in Singapore covered by integrated shield plans, 1.75 million have coverage for private hospital care. In all, about 1.1 million people have riders.

Are you one of the seven in 10? For those who already have existing integrated shield plans, do speak to your insurance agent to understand what your health insurance coverage entails. It will be good to understand beforehand if you will be able to afford the co-payment if admitted into a private hospital. If your insurance agent is unable to assist, simply pick up the phone to dial or WhatsApp IHH SG’s Parkway Insurance Concierge hotline at 9834-0999. They will be able to address queries related to the coverage on your integrated shield plans, panel doctors and help patients make appointments.

Hospital Bill Estimator

To provide greater peace of mind, it is now possible to have an estimate of your hospital bill before seeking medical treatment. This service is available online at Gleneagles, Mount Elizabeth, Mount Elizabeth Novena and Parkway East Hospitals. All the customer needs to do is to provide information on his/her Integrated Shield Plan and riders to have an approximation of the out-of-pocket medical expenses for common surgical procedures.

Here is an example of how to attain the out-of-pocket medical expenses for a colonoscopy (diagnostic) with Polyp Removal at Parkway East Hospital.

Step 1: Select a Body Part (Eg: Stomach and Lower Body)

 

Step 2: Select a Procedure (Eg: Intestine, Colonoscopy (Diagnostic) with polyp removal)

 

Step 3: Select your Private Integrated Shield Plan (Eg: Income Enhanced IncomeShield Preferred)

Step 4: Select your Private Integrated Shield Plan rider (Eg: Deluxe RiderCare)

Step 5: Receive your estimated out-of-pocket costs

Knowing the estimated bill size and estimated out-of-pocket costs allows the customer to plan and budget properly and seek medical treatment with greater confidence. In this example, having to fork $200.95 (only 5% of the hospitalisation bill) out-of-pocket means one less worry and ensures that a patient is able to focus on getting treated and recovering. This is an invaluable factor that contribute to a patient’s well-being. In addition, out-of-pocket costs can be further reduced with corporate insurance (if any) and MediSave.

Take Charge of Your Health Insurance Coverage

It pays to find out more about your health and hospitalisation coverage before you even need it. For those who have yet to purchase an integrated shield plan, take action now to ensure that you are guarded against the risk of insufficient medical coverage.

Remember, an empowered consumer armed with the correct information is always in a better position to make better healthcare decisions! Know your options.

Dial or WhatsApp IHH SG’s Parkway Insurance Concierge hotline at 9834-0999 to make an appointment or have your queries on integrated shield plans and panel doctors answered.

 

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4 Important Things Teens Don’t Know About Finances

An eye-opening study showed that only 17% of teenagers between the ages of 12 and 17 knew how to manage their money. Among these respondents, 24% said they did not know the difference between credit and debit cards. Budgeting was a concern as well as learning how to save money.

One of the reasons why the teenagers lack knowledge of money matters boils down to their parents. They elaborated that their parents were not doing an excellent job in teaching them about money. Moreover, personal finance was not embedded in most of the academic institutions.

Fill in the gap by instructing your children about these important financial subjects.

#1: BASICS OF BUDGETING

Budgeting is among the biggest priorities of teenagers. Budgeting allows an individual to track where the money is going and where it needs to be. While it is tempting to accept money from your parents and quickly burn through it, it is vital to know how to maximize it.

Parents must not let their children be dependent. They will end up unaware of how to manage their finances.

#2: BASICS OF BANK ACCOUNT

Instilling in children the concepts of earning, saving, and investing is essential in developing life skills that they can use in the future. Opening a bank account or a savings account can help the teen to manage his or her own money.

Image Credits: unsplash.com

Knowing the basics of bank account such as navigating through the online banking and transferring funds to other accounts is important. As there are no up-to-date teaching tools to help teens learn about bank accounts, you may take your child to the bank to get a hands-on experience.

#3: POWER OF COMPOUNDING

Compound interest is the interest on a deposit or loan calculated based on both the accumulated interest from previous periods and the initial principal. Time is the teens’ friend. They all have the potential to be millionaires someday, but the odds of attaining that goal increase sharply if they save early.

You can start by putting away a reasonable amount per month. Let it grow!

#4: POWER OF EMERGENCY FUNDS

Whether you come from an affluent household or a modest one, putting away some money for emergency use is essential. Parents may teach their children about the importance of emergency funds by painting real-world scenarios such as assigning a job per child. Ask the child what they would do if they suddenly had twins or a critical illness. Remember to keep things simple by excluding complicated jargons to your conversations.

Image Credits: unsplash.com

Make it a priority as a family to be more mindful with your money. Spend less and celebrate how money is grown over time.

Sources: 1 & 2

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