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Stats: 1,978,356 members, 4,147,736 topics. Date: Thursday, 22 March 2018 at 09:20 AM
|Re: Mutual Funds by ifyalways(f): 8:35am On Oct 05, 2014|
@Ernie, for NigFund, is principal 100% secured and guaranteed?
What is the interest rate, if any?
|Re: Mutual Funds by sextail(m): 9:25am On Oct 05, 2014|
thanks, do you know any office of deirs in ibadan, or its just the bank i will walk into
|Re: Mutual Funds by ernie4life(m): 8:30am On Oct 06, 2014|
Yea both capital and interest is gguaranteed.the interest rate is 10%
|Re: Mutual Funds by ernie4life(m): 8:31am On Oct 06, 2014|
sextail:depends on which investment house u want to buy there mutual funds.
|Re: Mutual Funds by sextail(m): 9:51pm On Oct 07, 2014|
KGIF and Stanbic Offices
|Re: Mutual Funds by Comsol: 1:25am On Oct 08, 2014|
Great thread! I have been investing in mutual fund for over 5 years now. Mutual fund made me to start learning about investment in general. At the moment, while I still invest in mutual as part of my diversification strategy, I do more of stocks.
I invest with ARM mutual fund and they've been wonderful. They pay yearly dividends, and the ROI is quite encouraging based on the instruments. Currently I only have stake in their ARM AGF and Discovery fund instruments which I prefer the AGF because its more exposed to equities and that's cool for me and fits my strategy.
It will be interesting to note that mutual funds are very much good for longterm investment. If you're investing for the short term, this financial vehicle is not suitable for you I'm afraid.
Attached is a factsheet which I believe could help those that would be interested in starting up a mutual fund investment.
Please do more research about any investment you intend to put your hard earned money.
6 Likes 1 Share
|Re: Mutual Funds by ernie4life(m): 7:51am On Oct 08, 2014|
kgif is managed by Investment One and the don't have an office in Ibadan but the have two offices in lagos, I think stanbic has an office in Ibadan. note that most of this transactions can be done online, distance is not a barrier
|Re: Mutual Funds by ernie4life(m): 7:56am On Oct 08, 2014|
nice post, could u elaborate more like what's the minimum investment, what's the interest rate, is the interest guaranteed, what is the tax implications and what's the duration of the investment.
|Re: Mutual Funds by princeuk21(m): 4:54pm On Oct 08, 2014|
Good job ernie.
|Re: Mutual Funds by princeuk21(m): 5:19pm On Oct 08, 2014|
Ok let me drop more light on KGIF, kgif is a product of kakawa which is now investment one. I had to pay a visit to their office in Portharcourt and one fair lady explained everything to me. For those who can not part with their principal, your principal is safe and you will always receive an interest rate of 12% on your principal. Interest is paid two times in a year and the investment is for 1year and above. If you have any question you can ask am here to assist you guys
|Re: Mutual Funds by carpenter(m): 6:44am On Oct 09, 2014|
A thought just came to me and sure am not the first to think about this...maybe it exists already.
Is there any index fund for trading in forex? Where several people pull capital together and a fund manager manages the fund the way we have them managing mutual funds.
|Re: Mutual Funds by ernie4life(m): 7:23am On Oct 09, 2014|
never heard of such
|Re: Mutual Funds by Kennyfancy(m): 1:02pm On Oct 09, 2014|
sunboy:u mean 11% after six month, dat is nt up to 10 thousand naira, am i right ?
|Re: Mutual Funds by Kennyfancy(m): 1:05pm On Oct 09, 2014|
carpenter:yes, plenty, contact me, i will give u enough infor, some of the company are own by nairaland member. One is already trading for me
|Re: Mutual Funds by Kennyfancy(m): 1:07pm On Oct 09, 2014|
princeuk21:pls the 12% is it every month or ones in six month ?
|Re: Mutual Funds by ogawisdom(m): 1:34pm On Oct 09, 2014|
12 percent per year ie 6percent in 6months or 1percent per month whichever way u want to express it
100k gives 12k per year n 6k in 6months
|Re: Mutual Funds by carpenter(m): 1:45pm On Oct 09, 2014|
Unfortunately, I am looking for established companies like the ones we invest Mutual Funds with.
Thanks for the offer.
|Re: Mutual Funds by Nobody: 5:09pm On Oct 09, 2014|
Nope! Quarter is 3months.
|Re: Mutual Funds by princeuk21(m): 7:29pm On Oct 09, 2014|
Kennyfancy:6% every 6 month =12% in a year
|Re: Mutual Funds by ifyalways(f): 9:28pm On Oct 09, 2014|
|Re: Mutual Funds by ifyalways(f): 9:45pm On Oct 09, 2014|
I need some clarifications please :
One invests 50,000 on KGIF.
Instructs that dividends be re-invested.
So, after 6 months and 6% dividend payout, he will now have 53,000 as principal right? By the end of the financial year ie another six months he has 56,180 as principal. As opposed to getting just 56,000 at the end of 12 months.
I just hope someone gets my drift. Need to know if i've been short changed
|Re: Mutual Funds by carpenter(m): 6:21am On Oct 10, 2014|
Yes your maths is about right. The difference may look small considering the amount involved but if you don't need the dividends immediately better to re-invest it. It also helps you to develop a plan you can continue to follow even when you have 50m in there.
|Re: Mutual Funds by ernie4life(m): 7:00am On Oct 10, 2014|
yes that's what it is
|Re: Mutual Funds by ifyalways(f): 9:18am On Oct 10, 2014|
carpenter:Thanks. Every penny counts so man must calculate well.
|Re: Mutual Funds by eripecs(f): 3:24pm On Oct 10, 2014|
ifyalways:@ ifyalways, na u carry me come here again. i hope to take dis bold step n join you soon. am yet to recover from some losses of so called investment not this type though. all d best.
|Re: Mutual Funds by Nobody: 6:59pm On Oct 10, 2014|
There are many of them out there. Many FX brokers offer what's called PAMM(Percentage Allocation Money Management) account(s). But requires a bit huge capital ($1,000-5,000 upward) and It's very risky when compared to stock trading. Brother, everything can vanish in just a few seconds, I've to be honest with you. The reward is very high, depending on the experience of the trader/fund manager handling the fund.
Never trade with an unregulated forex broker. Deal only with brokers where they are regulated by 3 following countries: US, Swiss and UK(Personally, I prefer UK 'cos of FCA tough regulations).
You might want to check out an example of how PAMMs work as offered by some reputable and regulated forex brokers - Dukascopy, Corner Trader (not a recommendation, though).
4 Likes 1 Share
|Re: Mutual Funds by Ikazuagbe(m): 8:41pm On Oct 10, 2014|
Has anybody received dividend from Stanbic Ibtc Money Market fund Q3 2014?
|Re: Mutual Funds by carpenter(m): 7:27am On Oct 11, 2014|
Thank you. I will do some research.
|Re: Mutual Funds by Kennyfancy(m): 7:51am On Oct 11, 2014|
carpenter:pm me, we hav many that ar even more popular than mutual, most ar even foreign company with strong root in nigeria
|Re: Mutual Funds by carpenter(m): 8:13am On Oct 11, 2014|
Old boy, na b force
Post whatever information you have here jor...
|Re: Mutual Funds by princeuk21(m): 3:18pm On Oct 12, 2014|
|Re: Mutual Funds by ifyalways(f): 5:39pm On Oct 13, 2014|
You are welcome. No pain, no gain.
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