1) Phillip master money market fund, FSM RHB Cash Management fund 2, TnG +.

Right now Versa is the highest return with one day withdrawal. If you want same day withdrawal (must initiate withdrawal before think 10am), then Phillip master money market fund.

2. From what people do calculations here it's around 2.1%p.a

I don't hunk they will implement that. I don't need stupid fancy payout. All I need is how much is the fund giving me for that month. Would be good if they can do Philip Money Market fund.

Versa have the highest return among the four listed.

See below.

Thanks for the info. More conviction to continue with Versa. One feature Versa have other don't have is one day withdrawal.

Yes. Stashaway, syfe, Endowus all have mmf. Their return is like max1.4%p.a

This post has been edited by Ramjade: Jul 23 2021, 09:47 PM

Actually there are reits which are super stable and suitable as parking place. One of them is parkway life REIT.

Duration depend on you. How long do you want to park your money there.

Purpose could be depend on you. Some just want like FD returns since FD in sg is so low. So they want the 3-4%p.a that Malaysia FD use to give them. Could be for upcoming purchases. Could be for while waiting for stocks to crash to buy cheaply. Could be money needed for a huge transaction coming soon. Cathie woods uses FAANG as her parking place as cash..

That's the idea. By buying FD/bond type companies you are expecting if market drop by say 10%, your investment only drop say 1%.
You cannot avoid losses if you use those stocks as parking place. The goal is to get best return (better than FDs, bank interest rate, mmf) and minimising your loss so you can go scoop up things when they are on sale.

No one will park without any intention

Unlikely you will get them out in a day.
Generally 2 days.

If you are on margin you could get them out the same day as you sold them. You just sell and money will be available in your brokerage account and you don't need to wait for 2 days for money to clear and can use the money striaght away without incurring any interest as your net balance did not turn negative (if you are using Interactive broker. I think it applies to other large us brokerage as well).

Hope this helps.

This post has been edited by Ramjade: Aug 4 2021, 07:30 PM

For those in sg market only one REIT can do that. Parking place and that's parkway life.

If you go us market so many companies can function as parking place. You only need to look.

Yes you are right about sg reits and sg brokerage. But market crash usually go one for more than a week. So ample time to liquidate and and buy in.

Of course if you are using interactive broker on margin, different story. This is because it's faster than any mmf. You sell the stocks you own, you can striaght use the money to buy stuff. No waiting time required. Basically 1-10s to click. So yeah it's instant if one is using interactive broker margin account.

This post has been edited by Ramjade: Aug 4 2021, 07:50 PM

I long time never follow reits already. But last time I knowarket dive reits never even move. Few years back.

Go compare it against index. And you will see what I mean.

No. You don't understand what I meant. Go compare parkway life and index and see who drop more. Thars the power of cash equivalent stocks. They won't drop much during sell down.

How does it compare to versa? Any ideas?

Not as liquid as versa.

See reply below.

Keep in mind the 3% rate is promo rate until end of this year. But still better than other MMF.

3% rate is promo until end of this year. Not sure what's the rate next year.

Please read their FAQ.
https://digitalinvesting.com.my/faq/#tab-aecb403e5ba02e4b6aa
How do I deposit funds into my KDI Save and/or KDI Invest accounts?

Do you know cut off time for KDI save? I can't find it.

KDI save does not have fees and the 3% promo rate is up to RM200k if I am not mistaken.