When I updated my investment portfolio page to reflect my latest portfolio holdings with details of how I intend to decumulate my portfolio when I retire, in a structured approach.
That attracted quite a bit of attention, with many focused on how overweight my investment property is in my portfolio today. In reality, property investments are capital intensive in nature and would take up a significant allocation in the portfolio at the beginning. As more money gets invested in my other portfolios over time, the allocation weightage will eventually shift towards the rest of my portfolios.
In the discussion, I also recognise that I only collated the invested capital and did not rightfully indicate the cash portion that has not been invested yet. That missing allocation has been added as I agree that it is a necessary component of the portfolio that is worth indicating.
I will also briefly mention some of the free shares received from moomoo (yay!) through some of their new gamification events on their app.
Recognising the cash portion of the portfolio
After examining my accounts, I made the change in my investment portfolio to reflect the cash portion of my portfolio.
In my opinion, there are 2 types of uninvested cash. The first type being uninvested cash that has already been allocated a purpose. The second type is uninvested cash that's sitting in a collective warchest that has not been assigned a purpose yet.
For the first type of unutilised cash, I have some money in my SRS account (42.76%) from the sale of the STI ETF stocks that I will be dollar cost averaging into my Endowus portfolio over 3 months.
For the second type of unutilised cash, I have around 5.5% of cash that sits in my OCBC 360 savings account with no purpose at the moment. It's not a lot of money because I invest into my growth portfolio monthly once I receive my salary.
More free stocks from moomoo
I haven't seen any of the financial bloggers that I follow write about this yet but I noticed that moomoo has launched 2 new gamification events - Treasure Tasks and Knowledge Quiz.
I'm going to write a lot more about this because you will probably reading about this for the first time but if you are just here to see what I have changed for my investment portfolio, you can stop here. 🙂
I checked in with my friends from Futu Singapore and they said that the Treasure Tasks event is only available to users who meet certain criteria (I do not know what the criteria are). You can access the Treasure Boxes in your Task Centre, under Treasure Tasks (Me > Task Center > Treasure Tasks).
There are a total of 3 Treasure Boxes, each requiring you to perform certain tasks in exchange for rewards.
I've completed the first 2 Treasure Boxes which are more focused on getting users to familiarise with features in the moomoo app. By completing 3 tasks in Treasure Box 1, I received 1 share of Nokia stock and by completing the 5 tasks in Treasure Box 2, I received 1 share of GE stock and a US$10 General Electric (GE) stock card.
The process for the free stocks are quite straightforward. Just complete the quiz and redeem the stocks to receive the stocks in my moomoo account. The US$10 GE Stock Card is not as useful on its own because 1 GE stock costs US$12.70 right now so I can't make use of the stock card.
I've only completed Treasure Boxes 1 and 2 because the tasks are simple and do not cost any money. Treasure Box 3 requires an actual buy trade which I'm not going to do unless I happen to have a specific stock that I intend to buy.
Some may ask if I should keep or sell the free stocks. Because the stocks are pretty low value, I don't see the benefit of selling the stocks since that little bit of money isn't meaningful to me. Instead, I see these free stocks as seeds for a chance to reap more money if Nokia or General Electric were to pivot successfully and become a multi bagger stock after a few years.
I want to talk about Stock Cards because they are something new that has been recently added.
There are 2 types of Stock Cards - Standard Stock Card and Universal Stock Card.
Standard Stock Cards are stock cards that specify the stock that the stock card is for. The US$10 GE Stock Card is a Standard Stock Card that can be used to redeem GE stocks when I have accumulated the equivalent value of a GE stock in GE Stock Cards.
Universal Stock Cards are much better as they simply specify the value of the Stock Card and can be used for to redeem any stock. Universal Stock Cards are very similar to Tiger Broker's Stock Vouchers except that I could choose to purchase a stock of a higher value than the Tiger Broker's Stock Voucher and I could pay the difference with cash. I can't do the same with Universal Stock Cards.
For example if I have US$10 GE Stock Card and a US$5 Universal Stock Card, I can combine both to redeem a GE Stock that costs US$12.70 at this point of time.
The knowledge quiz is an interesting event that rewards users for answering a quiz question correctly with a sure-win cash coupon (up to $1,888 cash coupons). I'm never lucky so I only got $0.18 cash coupons from all my attempts so far.
That said, it's just free money since there's no need to buy anything, just take the quiz every day till 10 August and redeem all the cash coupons in your account and transfer it out.
You can access the Knowledge Quiz by selecting the Win Cash Coupon tab in the Me section (Me > Win Cash Coupon).
moomoo powered by FUTU is currently offering a sign-up promo that lasts till 2 August 2021 (8pm Singapore time) that includes:
1) A free Apple (AAPL) share (worth about SGD 160) when you deposit SGD 2,700 or USD 2,000 / HKD 16,000, no trades needed to receive the share.
2) 1 free Nio (NIO) share (worth about SGD 60) when you achieve LV 1 trading badge or successfully conduct 5 trades.
3) Commission-free trading for the first 180 days for US ,HK & SG markets
4) Free Level 2 market data for US stocks
5) Free SGX securities Level 1 real-time market data
Note: Promotion is valid as of 1 August 2021