If you’re looking for a liquid and low-risk investment to grow your idle cash, here’s why you should consider Webull’s cash management tool, Moneybull.
In this prolonged high-interest rate environment and market uncertainty, you may be looking for less volatile investments that offer competitive returns with minimal investment risk.
One such investment to consider is Webull’s Moneybull.
In this article, we’ll look at some of the benefits of Moneybull and how it can help to grow your idle funds.
Table of contents
- What is Moneybull?
- Benefits of Moneybull
- Risks of Moneybull
- How to manage auto-subscription to Moneybull
- How to activate Moneybull?
- Moneybull promotion: get up to US$3,000 cash vouchers
- Automate your investment with Webull’s regular savings plan
- How to activate Moneybull?
What is Moneybull?
Moneybull is designed as a wealth management tool for margin accounts to earn a yield on idle cash by investing in its underlying cash funds. The cash funds invest primarily in instruments with financial institutions with short-term investment grade ratings, hence providing liquidity and tends to have a lower risk compared to stocks or many mutual funds.
Benefits of Moneybull
#1. Competitive yield
As of 13 October 2023, the USD cash fund in Moneybull achieved a 5.40%^ 7-day USD yield p.a., which is comparatively stable over a short-term investment cycle. With Webull’s regular savings plan, you can subscribe to funds from daily to monthly.
^Figures shown are based on the 7-Day USD Yield (P.A.) of the USD Cash Fund in Moneybull as of 13 Oct 2023 and are not indicative of future performance. Principal is not guaranteed.
#2. Low entry
You don’t need a big amount of cash to invest and can start investing with Moneybull from as low as S$10/US$10.
#3. No platform fees
Webull doesn’t charge any fees for Moneybull; the only fees are the management fees charged by the underlying funds.
#4. Greater flexibility
You can continue trading stocks, ETFs, options and mutual funds with your Webull account even when your funds are in Moneybull.
99% of the market value of your Moneybull position will be added to your Buying Power for trading purposes. However, if you don’t have enough funds to settle your trades, the funds from your Moneybull account will be auto-redeemed.
Risks of Moneybull
Investment is not without risk, and the same applies to Moneybull. While there are benefits, your capital, principal and yield are not guaranteed, and there may be a risk that you will lose money.
How to manage auto-subscription to Moneybull
Moneybull has an auto-subscription feature where you can pre-set an amount to retain as cash, while the remaining amount will be auto-swept to Moneybull.
You can auto-subscribe to Moneybull in the following steps:
- Tap the Markets button at the bottom of the screen
- Tap the "Discover" tab from the top left of the screen
- Tap the "Moneybull" icon
- Select either the USD or SGD fund under Moneybull
- Choose your "Retained Amount"
How to activate Moneybull?
You’ll need to have a Webull account in order to access the Moneybull feature.
SingSaver is running an exclusive promo with Webull where you can receive up to S$140 cash via PayNow when you sign up for a new Webull account and fund at least S$2,000 within 30 days of account opening. Moreover, you’ll receive US$30 to US$5,000 worth of shares* by funding and maintaining any amount for 30 days. Plus, US$3,000 cash vouchers from Webull by funding over US$2000, activating Moneybull and fulfill the requirements*.
*Terms and conditions apply. For detailed terms and conditions and full disclaimer, please refer to our website at https://www.webull.com.sg/. This advertisement has not been reviewed by the Monetary Authority of Singapore.
🎉Lucky Draw🎉: Get a chance to win an Apple iPhone 15 128GB (worth S$1,311) when you sign-up for a Webull account and transfer-in a minimum value of USD 5,000. Valid till 2 May 2024. T&Cs apply.
SingSaver Exclusive Offer: Receive your choice of S$100 cash or S$110 Grab Vouchers when you sign up for a Webull account and fund at least S$700 within the promo period. Fund at least S$2,000 to receive S$130 cash or S$140 Grab Vouchers. Valid till 2 May 2024. T&C's apply.
Plus, get up to USD 3,000 worth of NVDA shares when you complete actions with your Webull account. Valid till 2 May 2024. T&Cs apply.
Also, get up to USD 10,450 transfer-in rewards when you transfer in at least USD 500,000 worth of shares and fulfill additional requirements. Valid till 2 May 2024. T&Cs apply.
If you have a Webull account, you can convert your cash account to a margin account in the following steps:
- Tap on the Menu tab at the bottom right of the screen
- Tap "Settings" below your profile
- Tap "Manage Brokerage Account"
- Tap "Upgrade Account"
- Tap "Change Account type"
Moneybull promotion: get up to US$3,000 cash vouchers
From 30 November to 29 December 2023, you can receive bonus cash vouchers of up to US$3,000 when you make the minimum required deposit amount into your Moneybull account, in addition to the annual 5.40%^ 7-day USD yield of up to US$1,331 from Moneybull.
You’ll need to meet the following requirements:
|
Accumulated deposit amount |
Bonus 1: cash rewards* |
Bonus 2: cash yield with Moneybull^^ |
|
US$2,000 to US$99,999 |
US$80 |
US$1,331 |
|
US$100,000 or more |
US$3,000 |
US$1,331 or more |
^Figures shown are based on the 7-Day USD Yield (P.A.) of the USD Cash Fund in Moneybull as of 13 Oct 2023 and not indicative of future performance. Principal is not guaranteed.
^^Calculated based on the potential 5.4% 7-day USD yield (P.A.) of the USD Cash Fund in Moneybull as of 13 Oct 2023 after 90 days and only apply to Clients with USD cash balances. Returns are not guaranteed and not indicative of future performance.Principal is not guaranteed.
Automate your investment with Webull’s regular savings plan
One of the challenges of investing is keeping our emotions in check; it’s easy to feel FOMO, and even the most seasoned investors who try to time the market can come up short.
Thus, one strategy to remove emotional decision-making is to invest at regular intervals; this is known as dollar cost averaging.
By dollar cost averaging, you invest the same amount of money into a particular investment at regular intervals over a period of time, regardless of the price or market performance.
With the same investment amount, you buy more shares at lower prices when the market is down and fewer shares when the market is up. This way, you to lower the amount you pay for investments, minimise risk, and worry less about market volatility.
With Webull’s regular savings plan, you can dollar cost average and invest the same investment amount into your favourite stocks, ETFs, and mutual funds.
All you need to do is build your desired portfolio, decide on your investment amount, and set your preferred frequency (whether every day, weekly, bi-weekly, or monthly). Webull’s regular savings plan will make your money work for your automatically!
You can invest from as low as US$5 for US stocks and ETFs, with no platform fees charges.
How to activate Moneybull?
You’ll need to have a Webull account in order to access the Moneybull feature.
SingSaver is running an exclusive promo with Webull where you can receive up to S$140 cash via PayNow when you sign up for a new Webull account and fund at least S$2,000 within 30 days of account opening. Moreover, you’ll receive US$30 to US$5,000 worth of shares* by funding and maintaining any amount for 30 days. Plus, US$3,000 cash vouchers from Webull by funding over US$2000, activating Moneybull, and fulfilling the requirements*.
*Terms and conditions apply. For detailed terms and conditions and full disclaimer, please refer to our website at https://www.webull.com.sg/. This advertisement has not been reviewed by the Monetary Authority of Singapore.
🎉Lucky Draw🎉: Get a chance to win an Apple iPhone 15 128GB (worth S$1,311) when you sign-up for a Webull account and transfer-in a minimum value of USD 5,000. Valid till 2 May 2024. T&Cs apply.
SingSaver Exclusive Offer: Receive your choice of S$100 cash or S$110 Grab Vouchers when you sign up for a Webull account and fund at least S$700 within the promo period. Fund at least S$2,000 to receive S$130 cash or S$140 Grab Vouchers. Valid till 2 May 2024. T&C's apply.
Plus, get up to USD 3,000 worth of NVDA shares when you complete actions with your Webull account. Valid till 2 May 2024. T&Cs apply.
Also, get up to USD 10,450 transfer-in rewards when you transfer in at least USD 500,000 worth of shares and fulfill additional requirements. Valid till 2 May 2024. T&Cs apply.
If you have a Webull account, you can convert your cash account to a margin account in the following steps:
- Tap on the Menu tab at the bottom right of the screen
- Tap "Settings" below your profile
- Tap "Manage Brokerage Account"
- Tap "Upgrade Account"
- Tap "Change Account type"
Disclaimer: No content shall be considered as a recommendation or solicitation for the purchase or sale of securities, derivatives or any other investment products. Any advice or recommendation is intended for general circulation and does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. Please seek advice from a professional financial adviser regarding the suitability of the investment product before investing. Tools provided by Webull may provide general analysis upon your input but shall not be construed as providing investment advice or recommendation. Principal is not guaranteed.
*Terms and Conditions apply. For detailed terms and conditions and full disclaimer, please refer to our website at https://www.webull.com.sg/. This advertisement has not been reviewed by the Monetary Authority of Singapore.
This article was written in partnership with Webull Singapore.
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