How to make your money work harder while enjoying the World Cup!

This post was created in partnership with Moomoo Financial Singapore Pte. Ltd. All views and opinions expressed in this article are Beansprout's objective and professional opinions. Neither moomoo Singapore or its affiliates shall be liable for the content of the information provided. This advertisement has not been reviewed by the Monetary Authority of Singapore. 

What happening?

World Cup 2022 has entered the knockout stage after a number of exciting group matches!

It is not surprising that the World Cup 2022 is expected to be the most watched tournament in its history, according to FIFA president Gianna Infantino. 

If you are one of the five billion people worldwide who’s expected to be watching the World Cup, you may have less time to be trading actively during this period. 

It is no surprise that stock market trading activity typically falls during the World Cup, as traders shift their focus from work to play. 

The effect was particularly significant when a team played during market trading hours. For example, when a country played during trading hours in 2014, volumes dropped by as much as 48% in that country’s stock market, according to a study by two European Central Bank economists.

The same study found that US equity trading volume fell 43% when the US was playing during the 2010 World Cup. 

So, if you are also spending more time in front of the TV screen, we are going to share a few ways that you can make your money work harder while you are enjoying your World Cup game! 

Make your spare cash work harder with moomoo Cash Plus [Upsized] while watching the World Cup! 

We previously shared how you can fight inflation with the moomoo Cash Plus. 

As a quick recap, the moomoo Cash Plus aims to generate potential returns for your idle cash with greater flexibility. 

What it aims to do, is to preserve your principal value and maintain a higher degree of liquidity while generating a potential return. 

When you put your money into moomoo Cash Plus, you have a choice of investing in either the Fullerton SGD Cash Fund or the CSOP USD Money Market Fund.

These funds offer a 7-day annualised yield of 3.51-3.61%^# as of 23 November 2022.

You can find out more about the Fullerton Cash Fund in our previous writeup.

The good news is that moomoo SG is currently running a World Cup Campaign - moomoo Cash Plus [Upsized] offering a 5%* p.a. guaranteed reward to both new and existing users. 

To participate, users have to go to Funds > Top Banner > Click "Invest Now"

New users who sign up with moomoo SG during this World Cup season will score a guaranteed 5%* p.a. reward for the first 90 days when you subscribe at least S$100 into moomoo Cash Plus! 

On top of that, it will be stackable with the other new user promotions. The maximum amount that qualifies for this promotion is S$10,000. 

The maximum investment amount that qualifies for this 5%* p.a. rewards is S$10,000. 

On top of that, it will be stackable with the other new user promotions. Read below for further breakdown.

How much interest would I earn with the moomoo Cash Plus [Upsized] promotion?

Let’s calculate how much you will potentially receive if you are a new user putting in S$10,000 into moomoo Cash Plus [Upsized]. 

You will receive S$123.28 of interest based on the 5%* p.a. interest rate over 90 days.  

As a new user, you can also earn a S$2* cash coupon everyday for 10 days, which will provide a further incentive of S$20. 

This means that you will earn about S$143.28 by investing S$10,000 in moomoo Cash Plus as a new user. 

Next, let’s do the math if you are an existing user. 

If you are already an existing user, you can still score a booster of 5%* p.a. reward if you refer your friends to register a moomoo ID. 

Every referral you make will allow you to receive the reward for 30 days. However, you can only make up to six referrals.

By referring 6 friends and making a $10,000 investment into the moomoo Cash Plus, you will earn S$246.57 during this World Cup Campaign.

You might be wondering how does moomoo SG offer a 5%* p.a. reward when the underlying funds are offering a 7-day annualized yield of just 3.51-3.61%^#?

This is because any yield differences between the funds and the 5%* p.a. reward will be topped up by moomoo SG during this campaign. 

How to subscribe to the moomoo Cash Plus [Upsized] promotion?

If you are keen on the moomoo Cash Plus [Upsized] reward, the following is a step-by-step guide on how you can access it on the app.

1. Go to Funds > Top Banner > Click Claim Now
2. Pick a fund [upsized version] based on your preferred currency. Eg if you have selected CSOP, click on the orange <subscribe> button to invest
3. Enter your 6 digit password to complete your first subscription

Guess the winner of the World Cup and share a prize pool of S$50,000 cash coupons!

As part of the World Cup campaign that runs through the end of the year, you can vote the winning team to get a share of S$50,000 cash coupons!

By making 3 or more accurate guesses, you can potentially get to win a share of the prize pool. 

To increase your chances of winning a share of the S$50,000 cash coupons, we’ve done some research for you on who are currently the World Cup favourites. 

According to a press report on the latest betting odds, Argentina and France are now the favourites to win the World Cup after Brazil was eliminated. 

What would Beansprout do?

If you want to make your money work harder while enjoying the World Cup, moomoo Cash Plus [Upsized] would be an option to explore. 

It offers you the following advantages:

• Quick subscription and redemption as the funds can be withdrawn at any time
• Relatively safe underlying fund selection investing in Singapore dollar deposits 

The promotion is available to the first 3,000 users, so do hurry to find out more if you are keen. 

You can drop by Bedok Mall to say hi to the folks from moomoo SG from 7 December to 20 December. They’ll even give you a goodie bag to make your World Cup 2022 even sweeter! 

*Terms and conditions apply. 

^#The indicative 7-day annualised yield is derived from the past performance of the USD money market fund. Past performance of money market funds on moomoo Cash Plus should not be viewed as an indicator of future results.

Important Information

This advertisement has not been reviewed by the Monetary Authority of Singapore. 

Any information provided in this article is meant purely for informational and investor education purposes, and should not be relied upon as financial or investment advice, or advice on corporate finance.

The information provided in this article are on an “as is” and “as available” basis without warranty of any kind, whether express or implied. Beansprout does not recommend any particular course of action in relation to any investment product or class of investment products. No information is presented with the intention to induce any person to buy, sell, or hold a particular investment product or class of investment products.

You may wish to seek advice from a financial adviser before making a commitment to purchase the product; and in the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.

The information provided herein may contain projections or other forward looking statements regarding future events or future performance of countries, assets, markets or companies. Actual events or results may differ materially. Past performance figures are not necessarily indicative of future or likely performance.

Please refer to the Moomoo Financial Singapore Pte. Ltd’s website for more information on the full T&Cs and disclaimers.