First Foray into US Stock Market | Building Up A New Growth Portfolio using Moo Moo by Futu SG!

I have always hesitated to invest in foreign stocks but finally decided to start building up a new growth portfolio in US stocks market.

It is now or never. 

The local SG stock market has been relatively stagnant over the past 2 decades and we have seen traditional local companies struggling to innovate nor grow. The likes of Singtel, SIA, SPH, StarHub and Keppel etc. have not been rewarding shareholders for their patience and loyalty. Banks and Temasek-backed Reits merely allow us to build an income portfolio for consistent and steady source of passive income.

In order to gain access to owning familiar businesses such as Apple, Mcdonald's, Microsoft, Google, Starbucks, we have to really step out of our comfort zones and venture into the US markets, or even HK or China markets.

I have registered for a Moo Moo trading account by Futu SG yesterday. The account opening is fast and efficient within 15 mins on the same working day as I only have to provide my details by logging in to SingPass. 

Futu SG is a subsidiary of Futu and backed by Tencent holdings. The brokerage account is regulated by MAS. There is currently a promotion whereby after registering and funding the account with SGD 2,700, one share of Apple Inc. will be given free. Yes free share which is worth around USD 127 or SGD 160. As Apple Inc. was one of the first company stock that I was interested to start invest, I was convinced and swayed by this once-in-a-lifetime opportunity which is too good to be true. Furthermore, 180 days of unlimited commission free trading are provided for US, HK and SG stock markets, with a very small amount of platform fee charged based on USD 0.005/share or minimum USD 1/ Order, subjected to 7% GST. 

If you are interested to seize this great opportunity, please register for a Moo Moo account using my referral link and remember to fund the account with at least SGD 2,700 and complete the onboarding tutorial activities after downloading the Moo Moo trading app from Apple store or  Linkage to a DBS/POSB account is seamless. Thereafter, funds can be transferred in and out of the trading account within the same working day.

I am glad that the next day after I opened this trading account, it was credited with 1 share of AAPL, as seen from the daily statement sent to my email. 

My very first trade was to nibble some more shares of AAPL. I placed a small order at 126.80 and was filled. 

So I have laid the foundation of a new investment portfolio owning 11 shares of AAPL easily.

I plan to continue building a growth investment portfolio in US stocks using this low cost trading platform.

Thanks for reading. Stay safe and remain strong as always.

With love & peace, 

Qiongster

Disclaimer: This is not a sponsored post but a post for me to share about my experience and reason behind signing up and using this new low cost trading platform. Investment comes with risks and please dyodd.