Thanks for you email to checking up with us. First of all would like to said sorry for not be able to consistently update this blog as currently we are fully occupied for parenthood life with our new born. But this is not an execute anyway, where in my 2021 resolution updating this blog is one of TOP 10 item i need to accomplish this year.
Back to the personal finance topic. There is a lots of blog talking about stock market, option, warrants but i observe that there is very rare blog discuss about how you going to manage your emergency fund or short fund. There is actually a good ways to keep growing your short term fund instead keeping at saving account which only give you as low as 0.05% (Singapore POSB bank) or 0.25% at major commercial bank such as CIMB or Maybank Malaysia.
Let discuss about what is Money market fund? : Explanation by the Investopedia, "A money market fund is a kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries). Money market funds are intended to offer investors high liquidity with a very low level of risk. Money market funds are also called money market mutual funds" - In short, Money market fund or MMF is a low risk investment tools (Risk level 0 - 1) which able to give a 1% - 2% p.a. return to your account daily. Each market input and withdraw will take you a maximum of 3 working day for this money back to your account.
Personally i start to put my short term cash at Money market fund through Fundsupermart.com since year if 2010. This was introduce to me by one of my investment mentor during my college time. To initial the money market fund you may need to have a minimum a sum of RM 1,000/RM5,000 to enjoy the yield return from 1.32% to 1.98% depending which MMF product you invested. Below is a MMF comparison i abstract from FSMone.my in excel :-
