Nusah09:
. Bros, help calculate that of balanced fund with 5.12%

osasuwa011:
Hello wonderful people in nairaland,
Pls, I need you people's advise on issue pertaining to the shares I bought 11years ago.
I bought some(#20000 worth of) share with Fidelity Bank in the aforementioned years, apart from the certificate that was given to me, I have not really received dividends from them probably due to change of address. My question is; can I still reclaim all the dividends apportioned to me and if yes, how do I go about it. Would appreciate your candid advise, thanks.

Ugosample:


Is that the actual returns for the balanced funds

Nusah09:
. Yes for investment one as of last month..

Ugosample:


Wow

I was thinking balanced funds will be doing like 10% sef

Nusah09:
bros Why u dey?
The rate might increase as time goes on.

Ugosample:


Other investments of mine give more than 10% ; and the stock market would have given me much more


If not for some bearish stock on my portfokio


Maybe I'll join the bandwagon.

What is the minimum amount I can invest there

Nusah09:
. Bros, help calculate that of balanced fund with 5.12%

dadebayo1:


Substitute balanced fund figure into mmf figure.. But trust me the rate varies but will give you an idea

Miders:
Am not sure how these money market funds interests are applied, is it compounded with existing balance daily or just once on the initial capital annually? Which investment option would actually yield more returns within one year (365 days) in the two scenarios below.

a) Invest N1million in TB @12%, so as to use the interest of roughly 120k paid upfront to give my brother a monthly allowance of 10k for that year. At the end of one year from date of my investment which is the maturity date I get my initial capital back with no addition or subtraction.

b) Invest N1million in a Money Market Fund that yields an average of 12% P.A, withdraw only the 10k needed for my brother's upkeep every month till the end of that year. At the end of that year would i be left with exactly my initial capital, more than it or less than it? Am not sure because i dont know how the interest is applied considering my constant monthly withdrawal.

Gurus in the house please help analyse these scenarios if you know.

Miders:
Am not sure how these money market funds interests are applied, is it compounded with existing balance daily or just once on the initial capital annually? Which investment option would actually yield more returns within one year (365 days) in the two scenarios below.

a) Invest N1million in TB @12%, so as to use the interest of roughly 120k paid upfront to give my brother a monthly allowance of 10k for that year. At the end of one year from date of my investment which is the maturity date I get my initial capital back with no addition or subtraction.

b) Invest N1million in a Money Market Fund that yields an average of 12% P.A, withdraw only the 10k needed for my brother's upkeep every month till the end of that year. At the end of that year would i be left with exactly my initial capital, more than it or less than it? Am not sure because i dont know how the interest is applied considering my constant monthly withdrawal.

Gurus in the house please help analyse these scenarios if you know.

elothaddi:
1) Based on the two scenario, the TB option is better plus ignore the guy above me who has not answered your question.

Miders:
Am not sure how these money market funds interests are applied, is it compounded with existing balance daily or just once on the initial capital annually? Which investment option would actually yield more returns within one year (365 days) in the two scenarios below.

a) Invest N1million in TB @12%, so as to use the interest of roughly 120k paid upfront to give my brother a monthly allowance of 10k for that year. At the end of one year from date of my investment which is the maturity date I get my initial capital back with no addition or subtraction.

b) Invest N1million in a Money Market Fund that yields an average of 12% P.A, withdraw only the 10k needed for my brother's upkeep every month till the end of that year. At the end of that year would i be left with exactly my initial capital, more than it or less than it? Am not sure because i dont know how the interest is applied considering my constant monthly withdrawal.

Gurus in the house please help analyse these scenarios if you know.

elothaddi:
1) Based on the two scenario, the TB option is better plus ignore the guy above me who has not answered your question.

Miders:


Why do you say the TB option is better? Are you saying at the end of one year the investment in the money market fund will return less than my capital of N1million due to the monthly withdrawal of 10k?

Miders:
Am not sure how these money market funds interests are applied, is it compounded with existing balance daily or just once on the initial capital annually? Which investment option would actually yield more returns within one year (365 days) in the two scenarios below.

a) Invest N1million in TB @12%, so as to use the interest of roughly 120k paid upfront to give my brother a monthly allowance of 10k for that year. At the end of one year from date of my investment which is the maturity date I get my initial capital back with no addition or subtraction.

b) Invest N1million in a Money Market Fund that yields an average of 12% P.A, withdraw only the 10k needed for my brother's upkeep every month till the end of that year. At the end of that year would i be left with exactly my initial capital, more than it or less than it? Am not sure because i dont know how the interest is applied considering my constant monthly withdrawal.

Gurus in the house please help analyse these scenarios if you know.

SirJohn:


In your scenerio you have made the assumption that both investments have same interest rate right? But in the practical terms, TB has an advantage with fixed rate for the 365 days period and interest paid upfront.
For MMF, interest rates may keep fluctuating and this affects your yield.
Rates were well over 18% as at October 2017 but right now it has gone as low as 12%.
So say for instance the guy who invested in TB at 17% for 365 days in October 2017 has an advantage over the guy who invested in MMF at 18% around the same period cos the TB rate of 17% is locked down for him while for MMF its not.
I'm not a guru but I think this explains it

Miders:


Yes my assumption is that both investment have the same interest rate. I understand that fluctuations will affect MMF that's why i used average rate of 12% within 12 months period for simplicity, so lets assume the rates ranged between 14% and 11% within that year. In reality one can not predict the average rate for MMF for a year in advance i just us to use 12% for the analysis. It could even be higher (thereby having an advantage over TB) or lower (being at a disadvantage to TB) than 12%.

The aim of this is to know which option would give better value with this assumption that both have 12% interest.

Miders:


Why do you say the TB option is better? Are you saying at the end of one year the investment in the money market fund will return less than my capital of N1million due to the monthly withdrawal of 10k?

Miders:
Am not sure how these money market funds interests are applied, is it compounded with existing balance daily or just once on the initial capital annually? Which investment option would actually yield more returns within one year (365 days) in the two scenarios below.

a) Invest N1million in TB @12%, so as to use the interest of roughly 120k paid upfront to give my brother a monthly allowance of 10k for that year. At the end of one year from date of my investment which is the maturity date I get my initial capital back with no addition or subtraction.

b) Invest N1million in a Money Market Fund that yields an average of 12% P.A, withdraw only the 10k needed for my brother's upkeep every month till the end of that year. At the end of that year would i be left with exactly my initial capital, more than it or less than it? Am not sure because i dont know how the interest is applied considering my constant monthly withdrawal.

Gurus in the house please help analyse these scenarios if you know.

oseri:
Take it to any stanbic IBTC bank with a utility bill, one passport photograph and a means of identification like national Id card, voter's card, drivers license.
If u need additional info, pls DM me so I can send u the phone number of one of their workers. And again u need to provide evidence of payment. If u check the form u filled, u should see the stanbic account number for money market funds. U can do online transfer and print out the payment advice. For more info, send a mail to mutualfunds@stanbicibtc.com

sheddyboy01:
What is the current stanbic Ibtc mmf fund rate ?

sheddyboy01:
Would Stanbic take responsibility for anything that goes wrong with this scheme

How safe is stanbic ibtc mmf, gurus in the house enlighten me before I jump in.

eezeribe:

SIBTC, a member of the Standard bank group, operates the largest and oldest mutual funds in Africa...
In fact, investment banking is the main selling point of SIBTC.
In the Stanbic IBTC mmf, your principal is guaranteed..

eezeribe:

12.31 %