2 Cheers for Moomoo
Great bonuses for not great app
Bad news first: the name is dumb. The Moomoo app isn’t my favorite. Customer service is negligible. But it is still worth it.
Good news: send Moomoo $20k and they’ll pay you a white hot 8.1% APY for 3 months (after which it reverts to the still solid 5.1%. You also get 15 free shares.
Want to get the free shares without market risk? Just transfer in the cash. If you want to just get the bonuses without market risk, then I like BOXX for its yield with a current yield to option expiration a tax efficient 5.8%. Want to put money to work and take a risk? My current favorite is and has been for some time Rusoro (RMLFF).
Caveat
Buyer beware, do your own work, and think for yourself.
Conclusion
Bounce cash between various brokerages and bank accounts to suck out all of the sign up bonuses.
TL; DR
I joined Moomoo and bought BOXX and RMLFF; you might want to too.
