How to make 7% interest while deciding which ASX shares to buy

MotleyFool03-06

Most investors have some cash sitting idle in their ASX stock broking account, ready to pounce on the next attractive buy. But instead of that money doing nothing, what if it could earn 7% per annum ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2417752423?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-06 04:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2417752423","market":"us","top_or_hot":-1,"title":"How to make 7% interest while deciding which ASX shares to buy","media":"MotleyFool","content":"<div>\n<p>Most investors have some cash sitting idle in their ASX stock broking account, ready to pounce on the next attractive buy. But instead of that money doing nothing, what if it could earn 7% per annum ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/06/how-to-make-7-interest-while-deciding-which-asx-shares-to-buy/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to make 7% interest while deciding which ASX shares to buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to make 7% interest while deciding which ASX shares to buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-06 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/03/06/how-to-make-7-interest-while-deciding-which-asx-shares-to-buy/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Most investors have some cash sitting idle in their ASX stock broking account, ready to pounce on the next attractive buy. But instead of that money doing nothing, what if it could earn 7% per annum ...</p>\n\n<a href=\"https://www.fool.com.au/2024/03/06/how-to-make-7-interest-while-deciding-which-asx-shares-to-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TIGR","symbol_name":"老虎证券","start_time":0,"source_url":"https://www.fool.com.au/2024/03/06/how-to-make-7-interest-while-deciding-which-asx-shares-to-buy/","article_id":"2417752423","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2417752423","pubTimestamp":1709668800,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Most investors have some cash sitting idle in their ASX stock broking account, ready to pounce on the next attractive buy. But instead of that money doing nothing, what if it could earn 7% per annum interest?Incredibly, one broking platform is doing exactly that. It's paying out more interest than the banks are. Tiger Brokers Australia, which is the local arm of Chinese broker UP Fintech Holding Ltd , is running a promotion to give back 7% interest on all deposits for a maximum of 150 days. Both new and existing customers are eligible to receive this rate. Why are they giving money away?","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"TIGR":"老虎证券","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","BK4555":"新能源车","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2063271972.USD":"富兰克林创新领域基金","BK4587":"ChatGPT概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0823414478.USD":"法巴经典能源转换基金","BK4527":"明星科技股","LU0097036916.USD":"贝莱德美国增长A2 USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0082616367.USD":"摩根大通美国科技A（dist）","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4526":"热门中概股","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4588":"碎股","BK4550":"红杉资本持仓","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1548497426.USD":"安联环球人工智能AT Acc","BK4551":"寇图资本持仓","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","TSLA":"特斯拉","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","BK4099":"汽车制造商","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4511":"特斯拉概念","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4548":"巴美列捷福持仓","BK4563":"昨日强势股","BK4127":"投资银行业与经纪业","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0823411888.USD":"法巴消费创新基金 Cap","NQGM":"纳斯达克全球综合指数","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0056508442.USD":"贝莱德世界科技基金A2","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4592":"伊斯兰概念","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC"},"translate_title":"如何在决定购买哪些ASX股票时获得7%的利息","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":1,"TIGR":1,"NQGM":0.6},"content_text":"Most investors have some cash sitting idle in their ASX stock broking account, ready to pounce on the next attractive buy. But instead of that money doing nothing, what if it could earn 7% per annum interest? Incredibly, one broking platform is doing exactly that. It's paying out more interest than the banks are. Tiger Brokers Australia, which is the local arm of Chinese broker UP Fintech Holding Ltd (NASDAQ: TIGR), is running a promotion to give back 7% interest on all deposits for a maximum of 150 days. Both new and existing customers are eligible to receive this rate. Why are they giving money away? Tiger Brokers Australia vice president Jack Liang said this extraordinary rate is designed to assist punters during troubled times. \"As investors face tough economic conditions due to high inflation and reduced disposable income, we want to provide a strong incentive to boost their confidence in investing their hard-earned money.\"  Tiger offers trading in both US and ASX shares. \"While such offering on uninvested cash is not new in the industry, we're proud to be the forerunner in presenting this superior rate to the marketplace.\" What's the catch? There are, of course, some conditions to receiving this attractive interest rate. The 7% rate applies to customers who make a deposit between 4 March to 9 April, for a maximum duration of 150 days. The promo interest is applied to amounts up to $100,000, meaning the highest payout one can receive is $2,877. After that period, the interest rate will revert to the normal rate, which varies between 0% and 2.25%, depending on the balance. As a bonus, customers who deposit $2,000 or more cumulatively during the promo window will also receive US$30 worth of fractional shares in Tesla Inc (NASDAQ: TSLA). While withdrawals can be made anytime for the 7% rate, the Tesla bonus requires that funds are not pulled out for 90 days.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2417752423"}