Futu Brokerage updates – MooMoo Singapore Promotions

Futu Holdings Limited (“Futu”) (NASDAQ: FUTU)is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform .

Futu was listed on Nasdaq on March 8, 2019.

Under MooMoo, they are under the Singapore branch, https://www.moomoo.com/ and they are pretty aggressive on par with Tiger Brokers. The mechanics seem to change every month. You can now get like 1 apple share. If you transfer equities into their platform, you get even more perks.

Although after setting up the brokerage, maybe buying Futu stocks in the US stock exchange might be a good idea given their backing. Personally, these brokerages give the competition a run for their money. I find it easy to use and they are not just any fly by night company.

If you wish to sign up for those commission free perks and/or future promotions, do use my referral code here: https://j.moomoo.com/004Fsa

  1. Currently, the promotion would run for 600 days free commissions.
  2. To get additional perks, fund USD 2k or SGD 2700 equivalent. there is a SGD30 credit.
  3. Plus free level 2 market data for US market & level 1 market data for SGD market.
  4. SGD 50 cash coupon when you transfer in stocks.

For successful referrals, you can get up to 1 twitter share (Cap at 20 successful referrals)

For detailed T&Cs, do go to their website to find out more: FUTU T&Cs (June 2021)

Conditions for new sign ups

Do keep abreast of new terms and conditions as they tweak these to avoid gaming of the system.

As of 1st Jun 2021, (0000hrs SGT ) new customers who have successfully opened a Futu SG securities account from 1st Jun 2021 to 30th Jun 2021 (2000hrs SGT) can enjoy 1 Free AAPL share when they fulfil all of the following conditions,

  1. Successfully open a FUTU SG Securities account between 1st Jun 2021, 0000hrs SGT and 30th Jun 2021, 2000hrs SGT (hereinafter referred to as “activity time”);
  2. Deposited funds worth SGD 2,700 or USD 2,000 or HKD 16,000 within 30 days from account opening;
  3. Successfully unlocked the Level 1 Trading Badge or completed 5 successful trades

Conditions for Referrals

I’ll just pick out the most important details for a successful referral.

For each successful referral of a new customer that has used your personal referral link to,

  1. You have to successfully open a new FUTU SG securities account;
  2. You have put in a minimal deposit of SGD 2,700 or USD 2,000 or HKD 16,000 successfully. Within 30 days from successful account opening day;
  3. Once you complete 1 successful trade , you will receive 1 Free Twitter (TWTR) share. Additionally 30 days commission-free trading for US, HK and SG stock markets.

The rewards for the referral programme is cumulative but capped to the first 20 successful referrals only. This means referral rewards of 1 Free Twitter (TWTR) share will be capped at a maximum cumulation of 20 only. Similarly, the additional 30 days of free commission trading for US, HK and SG stock markets will be kept at 600 days. Successful referral rewards are only valid for all referrals that happened from 1st May 2021 till 30th Jun 2021 (2000hrs SGT).

This referral programme is applicable for all users on moomoo (both existing and new users).


If you decide to sign up with Futu Brokerage, do remember to use my referral code: MooMoo Referral

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

These pictures were taken off Futu/Moomoo website for reference.

MoneyOwl Performance to date – May 2021 & New Referral Scheme

I have forgotten that I have been investing regularly into my MoneyOwl portfolio monthly for some time now. While the amount is nothing to be shout about. It is just regularly fixing something so that I can save and invest at the same time.

Who is Money Owl?

MoneyOwl is an initative from NTUC Social Enterprise. They are sort of a Robo-advisor coupled with a suite of wealth planning tools such as will writing and insurance solutions. What really attracted me is their rather simple way of investing and using Dimension Funds as part of their portfolio construction. I believed back then I was comparing them versus StashAway. It was only when I found out about Endowus that I went full on robo-advisors.

As a retail investor, you will most likely not be able to access such funds. When the market tanked sometime in Feb 2020, I picked a few Robo-advisor to invest into and look into performance a few months later. Almost 18 months has passed now and I will most likely show some of the performance in my later posts but I must say, by doing nothing much, all advisors reported positive returns as compared to my own stock picking.

May 2021 performance (Since Day One Deposit)

In portfolio terms, it is up +17.85% on 7 June 2021 since inception in May 2020. The portfolio size isn’t something great. Just a net deposit of 2,200. I kept the regular investing of $100 per month and it’s looking rather slow. I shall decide if I would want to up that amount soon given that I have quite a bit of commitment in the coming months.

In terms of the portfolio allocation, it is at 60% equities and 40% fixed income and makes up of 4 different funds. Everything will be on Dimensional Funds. I kind of wished that I had a small cap fund in there. But I guess, as long as my main robo has that exposure that would be good as well on an overall basis.

Personally, I like the allocation % because it is just widely diversified for equities and widely disperse in terms of investment grade.

To punch in the details on the profit and loss sheet.

a. The Global Core Equity Fund will be the largest allocation and makes up most of the returns to date.

b. The Emerging Market Large Cap Fund will be the lowest allocation and makes the least of the returns to date. I don’t mind some EM exposure at this point in time.

c. The Global Core Fixed Income Fund will be my main steady income Fund and finally.

d. The Global Short Term Fixed Income Fund will be the last stabiliser in my portfolio.

MoneyOwl fees

A few months ago, MoneyOwl announced that they have lowered their investment advisory fees as well as absorbing the platform fees due to the pandemic.

a. For asset under management S$10,000 and below, there will not be any fees charged through 31 December 2021. This amount will be rebated back in the portfolio. So take note that only Cash investments are eligible for this rebate. The cash management accounts do not have these in place and your total portfolio value has to be above S$50.

b. There is an introduction fee of S$99 which is worth about S$535 for a comprehensive Financial Planning. Money Owl’s advisors will sit down with you to review your portfolio. The review is expected to contain detailed report and recommendations (It is estimated to be around 2 hours). I do think there are some discounts if you use some linked services of sorts such as Ohm Energy (You get a S$20 off)

c. Additionally, they are introducing free financial resilience workshops to focus on cash flow management and debt management. Likely through Webinars and anyone can join in.

It is nice to see that as a partner to our national social enterprise, they are making moves to help Singaporeans. The reduced fees on investments which is one of the key points in long term investments. The more fees you pay, the more it affects your long term goals.

If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM

Both of us with get S$20 worth of GrabFood Vouchers for every product or service that you sign up so that means that both of us will get up to S$60 worth of GrabFood Vouchers. (Total of 3 services/products)


This is not a sponsored post. This is purely my own opinion after using their service and/or products. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you would like to give MoneyOwl a try do remember to use my referral code: 1JIC-91CM

Now, if what I am sharing does resonates with you, do use my referral codes here at Referral and Recommendations

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at https://atomic-temporary-178675883.wpcomstaging.com/contact/

The pictures were taken from Money Owl’s website for this article.

StashAway Performance – May 2021

The first five months of 2021 has gone by and with the pandemic, time seems to pass slowly. At the same time, it does seems like it has also passed rather quickly. It is the time of the month again to look at the monthly performance of StashAway.

Now that everything has been setup, it doesn’t matter if the market decides to go up or plunge. If Mr Market decides to go either way, it would matter that much to me. Why is that so? If Mr Market drops, then I will add on more to the portfolios. If you have not taken the first step, action early so that you can start doing this early and learn from any mistakes along the way.

Retirement Portfolio A (risk-14%)

I still quite sad about my timing on this as this was invested before the pandemic outbreak came out. I could have done a lot better but I shall not look back and will pop in a little more when i contribute to my SRS account. The SRS account since first day deposit is currently at +3.13% as on 3 June 2021 (Time-weighted return). Paltry. Performance wise, I think i is okay and also this is a super long term portfolio – I would say close to 25 years horizon so I’ll just leave it there to monitor on the progress.

In USD performance, that’s about +7.91% YTD (Time-weighted return). That’s quite a bit of FX i am losing out here. Then again, I wouldn’t sweat on the exchange rates since I am going to stay invested and into these portfolios. They are just a mean of reference as I look back at the performance.

Education Portfolio B (risk-16%)

This portfolio B is set out to be on a 15-18 year investment horizon. It is at +8.87% YTD on 5 June 2021 and It’s steady. It’s the same as the last time i measured during Dec 2020. I have been averaging in whenever there are market dips. The risk index is at 16% and I will adjust those risk levels as and when I feel that there is a risk on or off.

In USD, I’m looking at double digits +14.22% (Time-weighted returns). Again on the Forex rate as reference



Education Portfolio C (risk-20%)

For this portfolio, I look at this at shorter horizon of 12-15 years so I feel that I need to take on some risk to achieve my goals. This SA risk index is currently at 20% and will take on to be one of my riskiest portfolio. Return is at +15.87% YTD (Time-weighted return) since day one as at 5 June 2021 Not much of it has changed or rather it has dropped slightly but this is just a note to self and measure the monthly performance. Over time, more funds will be added to achieve the targeted invested goals.

In USD terms, we are looking at +21.57% (Time-weighted return). Looking great as usual. Although I feel that this isn’t exactly the year to take on higher risk for better returns.




So far StashAway has been a great supplement as a robo advisor. After using a few robo-advisors, I find that SA will play second fiddle to my Endowus Portfolio.

StashAway does have their own advantages. They do hedge their portfolios against huge crashes and take a stand on some positions which I do like because a lot asset managers don’t and even though they talk big about macro. The gold move was bold but it protects the portfolio. Again, Rome wasn’t built in a day so I guess you need to safeguard some of your monies to future proof it.

To find out more about the pros and cons of using StashAway, do refer to my previous posts.

To sign up or try out Stash Away, visit the website and use my referral code at Stash Away Referral

We’ll both get up to $10,000 SGD managed for free for 6 months which is a good deal.


If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

The pictures were taken from the Stash Away website for this article.

Endowus Performance – May 2021

It is the time of the month again to reflect on the monthly performance of Endowus. In the month of May 2021, it seems like market retraced a little and positive signs are showing at the start of June 2021. The main SRS portfolio seems to be unaffected though.

I kind of trust Endowus for a while now. I feel that their corporate story sells to me. Frankly, I would actually recommend them to anyone I know. I know that my investments will be safe with them.  To me, it is always a plus point when the founders want to keep their company stock value because they see value in their own company. There are people who are passionate about building a business.

Whatever it is, they have been quite reasonable about everything. They seem to mean business but I just feel that maybe not everyone is suited to present via online. The accent and over zealousness is quite a turn off. It isn’t something I will walk away from but I just feel that some of them need to work on that aspect of presentation.

ESG Portfolio

I started this during March 2021 and I do know that ESG have performed relatively well in the European zone for the longest time possible. This segment would serve me well for a long term portfolio because I do see the value in investing in sustainable companies an practices. After all, we are saving this earth for our next generation – a little step goes a long way.


This is at +4.82% since inception some time in Mid March 2021. I like what I am seeing. Of course this is a 80%/20% Equity/Bond portfolio allocation so there will be more movement on the equity side. This is long term so, just leave it in there. I like it even better now. You do good and it brings you sustainable returns. It is for the future and the next generation.

SRS Portfolio

Overall, portfolio is up +21.16% since May 2020 in SGD. As usual, in USD terms, due to no FX impact as the portfolio is USD ETFs, the performance will definitely be better especially when USD becomes stronger. Of course, the reference will be SGD since I use SGD. This is the SRS/Cash portfolio which consists of my favourite Dimension Funds in a 40% bonds/60% equity. Overall from May 2020 to 5 Apr 2021, it is a +21.16% increase in absolute terms – Fantastic. For YTD performance, the fund was stable and at + 7.58% for 2021. Sweet. Long term guys, long term view.

CPF Portfolio

For the CPF portfolio, it is looking at +13.38% since inception in May 2020.

In Terms of YTD returns in 2021, I’m looking at +2.82%. about 0.50% increase from the previous month.

Similar to the previous months, interest rates for cash has been dropping like crazy. That’s pretty expected.

Fund Smart Portfolio

I started this semi medium term Fund Smart portfolio this month in May 2021. I tried to build a balance portfolio. I’m not exactly sure but I will go in via RSP monthly as I wasn’t sure but I do want to deploy some of my cash. I have put in just a little during the correction and it is at +0.97% to date.

Overall: 52% Equity and 48% Fixed Income

a. 15% in Multi Asset Fund (1 Fund)

b. 45% in Equity Funds (2 Funds)

i. Focus into China Play [10%]

ii. Global equity with dividend accumulation (Re-invest) [20%]

iii. Small Cap equity play (For the Alpha) [15%]

c. 40% in Bond Funds (3 Funds)

i. Climate Bond Fund Play [20%]

ii. Core Fixed Income Play [20%]

The reason for Endowus

Like a broken recorder, the pros once more:

  • Endowus is the first and only robo-advisor to be approved by the CPF board.
  • 100% trailer fees back to the consumer, not the fund management fee. This is really one of a kind I’ve seen so far.
  • They do have a decent team who makes sense when introducing their platform in my personal opinion.
  • I believe all retail investor should try them out because of how they are trying to disrupt investing and make investing work for everyone.

Thank you all in advance for using my referral code.

Last point is to do your own diligence. What works for me may not work for you. Investing in traditional portfolios is about risk management.

Just to touch briefly on cryptocurrency. It is super high risk = Potentially Super high returns. Just remember that = Potentially Super high decrease in portfolio as well.


If you decide to sign up with Endowus, do remember to use my referral code: https://endowus.com/invite?code=EDZ8M

If you like what I am sharing or if it resonates with you, do use my referral codes for other services at Referral and Recommendations

These pictures were taken off Endowus website for reference.

Singlife Reopens with new Marketing Strategy

I like how Singlife uses the community to spread information. It is definitely a cheap way to spend money. It gives me content to publish while it provides Singlife with multiple arms to disseminate information. However, there isn’t any referral scheme with this re-open. Instead, I guess that to stay sustainable, they have to reduce the interest rates for the first S$10k.

I received the email from their Marketing Communications team and it reads:

The Central Banks continue to keep interest rates low, Singlife has introduced a new way to be rewarded for spending and investing, earning up to 2.0% p.a. return on the first S$10,000 through the following campaigns:

  • The Save, Spend, Earn Campaign and,

  • The Grow 0.5% p.a. Bonus Return Campaign.

The catch here is up to 2.0% p.a. return. Beginning 1 July 2021, the Singlife Account will offer up to 2.0% p.a. return on the first S$10,000. The base crediting rates will be revised to 1.0% p.a. on the first S$10,000 and 0.5% p.a. return on the next S$90,000, customers will still have the opportunity to enjoy up to 1.0% p.a. bonus return.

So, sustainability of the business is a way forward. I’ll say that the interest rate has been semi-nerfed for valid reasons. On top of that, you can still gain 0.5% more by spending and another 0.5% if you invest with GROW. Personally, I wouldn’t put money with GROW but I will spend to make the interest up to 1.5% for the first S$10k.


This is not a sponsored post. This is purely my own opinion. If you like what you are seeing, do remember to check they out and do your diligence. There is no one size fits all investment strategy.

If you like what I am sharing or if it resonates with you, do use my referral codes here at Referral and Recommendations

In this article, the pictures were taken from websites for illustration only. Stay Safe!