SMART Moves: How to Grow Your Funds Effortlessly with SMART Park August 19, 2024
What if I told you there is a safe place where you can park your cash and earn a decent return? Or perhaps, there is a way to make your idle cash work harder for you?
Meet SMART Park, the perfect solution nestled within your POEMS account, designed to help you grow your funds effortlessly.
Whether you’re a seasoned investor or just starting out, SMART Park offers a simple, effective way to manage your excess funds with ease and confidence.
In fact, from 1 Aug to 31 Aug 2024, there’s an exciting promotion that offers a guaranteed return of 5.9% per annum* for a 30-day period!
So, what exactly is SMART Park?
SMART Park is an Excess Funds Management facility that invests your idle cash on a discretionary basis into the Phillip Money Market Fund.
A money market fund is a type of mutual fund that invests in short-term, high-quality investments issued by governments and corporations. These investments are highly liquid, meaning you can easily access your money when you need it. Think of it as a savings instrument but with better returns and flexibility.
SMART Park aims to preserve your principal value while generating competitive returns and maintaining a high degree of liquidity.
Reasons Why You Should Manage Your Funds with SMART Park
- Safety First: Money market funds are considered low-risk investments as they primarily invest in stable, short-term debt securities, making them a safer choice compared to stocks or bonds. Additionally, SMART Park is backed by one of the largest retail SGD Money Market Funds in the market, offering stability and reliability.
- Liquidity: Need your cash quickly? No problem. Without a lock-in period, money market funds allow you to withdraw your money with ease, providing you with quick access to your funds when you need them.
- Better Returns: Typically, money market funds offer higher returns than a regular savings account. With the current promotion, you can earn a guaranteed return of 5.9% p.a.* for a 30-day period from 1 Aug to 31 Aug!
- Diversification: These funds invest in a variety of securities, spreading out the risk. The diversification helps in maintaining stability and reducing potential losses.
- Convenience: Moving your money in and out of SMART Park is a breeze. You can easily set up transfers from your bank account, making it a hassle-free investment option.
With a rough understanding of what SMART Park is about, let me share a story with you about a client of mine.
A busy professional in her mid-40s, Jane wanted to make her savings work harder without the need for constant monitoring or complex investment strategies. She works in a demanding industry, so she needed a hassle-free solution to manage her idle cash efficiently.
Initially, Jane was apprehensive about investing her hard-earned money. She had always kept her savings in a traditional bank account which earns minimal interest. She also dabbles in stocks from time to time but does not have the energy to monitor their performance consistently. After I shared more about SMART Park and its benefits, she decided to give it a try.
One of the first things she mentioned to me was how seamlessly SMART Park integrated with her POEMS account. Over time, Jane watched her funds grow steadily, significantly more than what she had been receiving from her traditional savings account.
Furthermore, whenever she wanted to buy stocks, she didn’t have to worry about liquidating her funds or face any penalties. The money in her SMART Park account was readily available, and the Money Market Fund units were automatically redeemed to facilitate her investment purchase. The convenience, flexibility, and returns she enjoyed made her a firm believer in SMART Park.
Today, Jane continues to use SMART Park to manage her idle funds, enjoying the dual benefits of growth and liquidity.
Why Now is the Best Time to Invest in SMART Park?
In lieu of Singapore’s 59th National Day, you can earn a guaranteed 5.9% p.a* return for a 30-day period with SMART Park.
This is a rare opportunity that you don’t want to miss! This rate is significantly higher than what’s currently available in most savings accounts or fixed deposits!
Simply start by depositing a minimum of S$20k (maximum of S$100k) into your SMART Park Account within 14 days of opening a Cash Plus account, without any withdrawal or transfers during the 30-day period.
For existing clients who refer your friends to open a new account, you will also receive S$68* cash credit! Click here to generate your personalised referral link to share with your friends.
Remember to act fast as this promo is limited to the first 1000 NEW clients only!
*For T&Cs and FAQs regarding the 5.9% p.a. Guaranteed Return promotion, click here.
Contributor:
Joey Choy
Principal Investment Specialist
Phillip Securities Pte Ltd (A member of PhillipCapital)
https://bit.ly/JoeyInPhillip
Disclaimer
These commentaries are intended for general circulation. It does not have regard to the specific investment objectives, financial situation and particular needs of any person who may receive this document. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of any person acting based on this information. Opinions expressed in these commentaries are subject to change without notice. Investments are subject to investment risks including the possible loss of the principal amount invested. The value of the units and the income from them may fall as well as rise. Past performance figures as well as any projection or forecast used in these commentaries are not necessarily indicative of future or likely performance. Phillip Securities Pte Ltd (PSPL), its directors, connected persons or employees may from time to time have an interest in the financial instruments mentioned in these commentaries. Investors may wish to seek advice from a financial adviser before investing. In the event that investors choose not to seek advice from a financial adviser, they should consider whether the investment is suitable for them.
The information contained in these commentaries has been obtained from public sources which PSPL has no reason to believe are unreliable and any analysis, forecasts, projections, expectations and opinions (collectively the “Research”) contained in these commentaries are based on such information and are expressions of belief only. PSPL has not verified this information and no representation or warranty, express or implied, is made that such information or Research is accurate, complete or verified or should be relied upon as such. Any such information or Research contained in these commentaries are subject to change, and PSPL shall not have any responsibility to maintain the information or Research made available or to supply any corrections, updates or releases in connection therewith. In no event will PSPL be liable for any special, indirect, incidental or consequential damages which may be incurred from the use of the information or Research made available, even if it has been advised of the possibility of such damages. The companies and their employees mentioned in these commentaries cannot be held liable for any errors, inaccuracies and/or omissions howsoever caused. Any opinion or advice herein is made on a general basis and is subject to change without notice. The information provided in these commentaries may contain optimistic statements regarding future events or future financial performance of countries, markets or companies. You must make your own financial assessment of the relevance, accuracy and adequacy of the information provided in these commentaries.
Views and any strategies described in these commentaries may not be suitable for all investors. Opinions expressed herein may differ from the opinions expressed by other units of PSPL or its connected persons and associates. Any reference to or discussion of investment products or commodities in these commentaries is purely for illustrative purposes only and must not be construed as a recommendation, an offer or solicitation for the subscription, purchase or sale of the investment products or commodities mentioned.
About the author
Joey Choy
Principal Investment Specialist
Joey is a renowned mentor in Singapore, specializing in teaching individuals how to generate income through stock market trading. He is also an author and one of the most-watched, quoted, and followed stock trading trainers in Singapore. Joey's remarkable journey from a S$740k debt has been featured in the Business Times.
Joey is highly regarded as one of the top-tier Remisiers (Stock Brokers) and Traders, consistently receiving numerous prestigious awards. From 2014 to 2023, he has been recognized as the Top Trading Representative and Top CFD (Contract for Differences) Achiever every year by Phillip Securities.
Factor-Based (Smart-Beta) ETFs: How They Work, Selection Criteria, and Practical Uses for Singapore Investors 
What is an Active ETF? 
100% Spenders in Singapore: How to Break Free from Living Paycheck to Paycheck 
Recognising Biases in Investing and Tips to Avoid Them 
