chinnyonwu:
Where are my conservative investors, do you know that Stanbic IBTCs Mutual funds is here for you?
No you don't.

This is a great start for very conservative investors. I started here too, but after a while i said Bleep this. Im 25..i have time to take bolder risks. So i pulled 60% of my investment here and went to cryptocurrencies � (remember i didn't pull all, 25 year old people can have BP issues)
I dont know your level of comfort with risk but if your investment priority is safety of your capital, or having near-money, this could be what you need.

I will try to be concise. Feel free to ask for further clarification.

StanbicIBTC is finance company, i'm limiting this to the particular product i invested in-Their money market fund (mmf).
This fund pulls money to invest in money market securities only (FGN treasury bills, commercial papers, bankers acceptance etc), since they pull so much funds, they get better rates than a single individual wouldve been able to get, and also have access to investment vehicles which may not be available to a single individual.
Right now the yield hovers around 18% (per annum).
This means an investment of 100k for 365 days will get you 118k at maturity and around 1500 monthly. Through the app or your portal, you can monitor your daily money growth.

To get started you dont need an account with Stanbic. Simply walk into their bank and tell them you want to invest in StanbicMMF.
A form will be given to you after which you'd receive an email that your account has been opened. Download Stanbic Bank app from your Appstore and login through the mutualFund tab.
Great place to store some money you might need in a short notice.

When i pulled out 60% of my investment (still using the app) , i received CR alert within the day.

Source: https:///c2dx8r

sgtponzihater1:


This is a great post. I try to educate naive investors of the magic of compound interest and how to harness that magic via mutual funds. I have done mutual funds for a decade and it's growth majorly surpassed even d high yielding businesses.

We must all be rich!

Willie2015:

Pple die, coy fold up... got a better chance with FG & treasury bills.

sgtponzihater1:


True anyways. But Stanbic, FBN, Zenith have been around for decades.

Willie2015:


My Brother,

These are hard times . Enron, World Com, Pan Am, Arthur Andersen are excellent coys for a long time and yet they are gone.

Be wise ..

hustlengetpaid:
How do one fund the acct since one doesn't have acct with ibtc and can you withdraw ur fund anytime u want to?

sgtponzihater1:


This is a great post. I try to educate naive investors of the magic of compound interest and how to harness that magic via mutual funds. I have done mutual funds for a decade and it's growth majorly surpassed even d high yielding businesses.

We must all be rich!

Willie2015:


Pple die, coy fold up... got a better chance with FG & treasury bills.

chinnyonwu:
Where are my conservative investors, do you know that Stanbic IBTCs Mutual funds is here for you?
No you don't.

This is a great start for very conservative investors. I started here too, but after a while i said Bleep this. Im 25..i have time to take bolder risks. So i pulled 60% of my investment here and went to cryptocurrencies � (remember i didn't pull all, 25 year old people can have BP issues)
I dont know your level of comfort with risk but if your investment priority is safety of your capital, or having near-money, this could be what you need.

I will try to be concise. Feel free to ask for further clarification.

StanbicIBTC is finance company, i'm limiting this to the particular product i invested in-Their money market fund (mmf).
This fund pulls money to invest in money market securities only (FGN treasury bills, commercial papers, bankers acceptance etc), since they pull so much funds, they get better rates than a single individual wouldve been able to get, and also have access to investment vehicles which may not be available to a single individual.
Right now the yield hovers around 18% (per annum).
This means an investment of 100k for 365 days will get you 118k at maturity and around 1500 monthly. Through the app or your portal, you can monitor your daily money growth.

To get started you dont need an account with Stanbic. Simply walk into their bank and tell them you want to invest in StanbicMMF.
A form will be given to you after which you'd receive an email that your account has been opened. Download Stanbic Bank app from your Appstore and login through the mutualFund tab.
Great place to store some money you might need in a short notice.

When i pulled out 60% of my investment (still using the app) , i received CR alert within the day.

Source: https:///c2dx8r

chinnyonwu:

You can fund the account through an online deposit... Just like you fund your bet9ja account, or make payment online with your debit card.

Compound interest is really magical. 18% seems small but over years it amounts to something big. But im young sha. I want to take more daring risks.
Stanbic MMF doesn't invest in Stock market. They invest in same Treasury bills and other money market instruments. The good thing is that they offer greater rates and liquidity.

Willie2015:


So why give it to Stanbic when I can invest it directly in the same TBills, & other money mkt instrument and Stanbic will still charge mgt fees for doing nothing.

Mup4life:
because with MMF you can get your money out as early as 1month after investment without penalties.

ETHIX:



I am forced to reply you and educate members of the public.

you mean I can get 18% in mmf with stanbic after investing my funds but I have to wait till maturity to get the interest. Common, Mr marketer, if I put that same money in treasury bills with stanbic I will get the same rate but my money will be upfront. I don't need to wait till maturity to get my interest. mind you, I use the interest to pay my rent and my children school fees.


pls guy continue with your treasury bills for now cos is far better. these fund managers will make more gain from you. if am doing mmf I expect 22% interest since my interest will be at maturity. Please go back and study the time value of money in finance

Willie2015:


So why give it to Stanbic when I can invest it directly in the same TBills, & other money mkt instrument and Stanbic will still charge mgt fees for doing nothing.

Willie2015:


You can get your money out from TBills anytime, you only loose part of your interest which is a fair deal.

Mup4life:
with HUGE penalties on your interest, with MMF your interest are intact with minimal charges.

Willie2015:


No huge penalties on interest pls

chinnyonwu:
Where are my conservative investors, do you know that Stanbic IBTCs Mutual funds is here for you?
No you don't.

This is a great start for very conservative investors. I started here too, but after a while i said Bleep this. Im 25..i have time to take bolder risks. So i pulled 60% of my investment here and went to cryptocurrencies � (remember i didn't pull all, 25 year old people can have BP issues)
I dont know your level of comfort with risk but if your investment priority is safety of your capital, or having near-money, this could be what you need.

I will try to be concise. Feel free to ask for further clarification.

StanbicIBTC is finance company, i'm limiting this to the particular product i invested in-Their money market fund (mmf).
This fund pulls money to invest in money market securities only (FGN treasury bills, commercial papers, bankers acceptance etc), since they pull so much funds, they get better rates than a single individual wouldve been able to get, and also have access to investment vehicles which may not be available to a single individual.
Right now the yield hovers around 18% (per annum).
This means an investment of 100k for 365 days will get you 118k at maturity and around 1500 monthly. Through the app or your portal, you can monitor your daily money growth.

To get started you dont need an account with Stanbic. Simply walk into their bank and tell them you want to invest in StanbicMMF.
A form will be given to you after which you'd receive an email that your account has been opened. Download Stanbic Bank app from your Appstore and login through the mutualFund tab.
Great place to store some money you might need in a short notice.

When i pulled out 60% of my investment (still using the app) , i received CR alert within the day.

Source: https:///c2dx8r

dotcomnamename:



Don't you think Treasury Bills is safer than Mutual Funds?

vitality22:
What is the minimum amount to invest in Mutual funds?

chinnyonwu:

Different mutual funds have different investments they use. Even stanbic has the one that invests in blue chip stocks.
But im talking about the one that concentrates on money market instruments (stanbic Money market fund) and it invests ONLY in money market securities which are usually guaranteed investments.
Therefore i will consider the risk the same

Don't you think Treasury Bills is safer than Mutual Funds? Yes or No. Is that simple to answer?

dotcomnamename:


Thanks for your reply. However, you cleverly avoided my question and infarct you twisted it :

Again, Don't you think Treasury Bills is safer than Mutual Funds? Yes or No. Is that simple to answer?

chinnyonwu:

I answered your question. I ended my last post with "therefore i will consider their risks the same" menaing in my opinion, neither is safer than the other

dotcomnamename:


Thanks for your reply. However, you cleverly avoided my question and infarct you twisted it :

Again, Don't you think Treasury Bills is safer than Mutual Funds? Yes or No. Is that simple to answer?

wellsaid:
Unlike TB u can easily add more funds and withdraw some parts of your funds.

Also MMF got better rate than TB on the average over a period of time.