Godside:

@angel nd @prince , thanx 4ur concern . I wax at my bank this morning nd i got 9% for 90days 4 a start

orangesky: Uba gave me 7.6pcent on 100k plz can I try it 4 a start?how much will it yield in the 90days? wat is the calculation if it's 300k at the same rate or will it be @a higher rate?

ernie4life: angelo82 what's your take on mutual funds?
and what do you think about stanbic ibtc ETI which was just launched? am asking you because I like your take on investment issues, any other person who has a good knowledge on what I asked is free to air there views

angelo82:

….I bought Zenith fund from the inception and right now the fund has returned over 50% profit even though I left it there…...

tolutweety:

Angelo82.: Thanks for the enlightening piece on mutual funds.
how many years are we talking about in the quoted?

I might just divert my cash to bonds,i seem to be losing confidence in tbills weekly with the drop in rates.

angelo82:

If your investment is from 100k-1M,I think mutual fund is not a bad idea especially if you participate from the beginning…..But its not good for big fund because its more of benefit to the fund than you….Standbic is a reputable asset manager as we all know but I am not satisfied with the pricing of their fund,very little dividend and return on investment is not satisfactory….I bought Zenith fund from the inception and right now the fund has returned over 50% profit even though I left it there…..If Stanbic can structure a fund management service for you in a portfolio of fixed income instruments,I think you should go for it but I am not interested with this mutual fund thing because at the end of the day when you do the calculation you are not going to make a good return on your investment and the fund manager will definitely profit more…..I am saying all these because I have investment with them and can you believe that I don't even care because they are not encouraging and it will be stupid if you pump huge amount of money there.Stanbic reputation is good but I don't like their products but if they can structure a portfolio management product for you and if you are satisfied then go ahead….Never allow any asset manager to mix your portfolio with equity…..I like Zenith Capital but just don't have much to do with them for now…..Dont be moved with the different kind of attractive products they are rolling out….They are looking for money and the lesson I learnt from 2008 till now is to look out for myself….

Chillisauce:

I use their stanbic asset management. I only forward my profit from the TB from other banks to them. Just like you said for little money. Even their money market is not encouraging. Their equity is even reducing as at April no single 10kobo have I received rather it keeps going down.

angelo82:

Imagine!I left mine there because I don't like the structure of their product….They seem to want to profit more than you…I bought Equity and Ethical……I can't even check my account online for some months now….But its all experience and I have made profits from learning from my experience…..

Chillisauce:

I wanted to go for zenith but my supposed bank officer that has never met me asked me to come to the bank. I told her it's not possible cos of my location. I wanted to transfer from another bank to theirs ,then book for an investment and I don't have online access with them. She said she can't do it. Imagine. My own money kwa. Later she called that anyway, I should transfer it but when I want to withdraw, she must see me in person. I didn't even answer her. That was the end of my zenith story . Na about 2k kuku remain for the account.

I wonder how they can't make somethings online friendly in this 2014. That was how I ended up with stanbic.

orangesky: Uba gave me 7.6pcent on 100k plz can I try it 4 a start?how much will it yield in the 90days? wat is the calculation if it's 300k at the same rate or will it be @a higher rate?

orangesky: Uba gave me 7.6pcent on 100k plz can I try it 4 a start?how much will it yield in the 90days? wat is the calculation if it's 300k at the same rate or will it be @a higher rate?

ernie4life: I like all the write ups above, personally am not a fan of equities, unless it's foreign equities. my reasons are simple the fund managers can swing the funds in other to favour a particular firm/ ccorporation. Mutal funds on the other hand are not bad especially the ones invested on Tbills and bonds. the new product launched by stanbic IBTC has nice prospects, I was at a meeting where investment experts where analysing it, it looks juicy if the play by the rules.

Tbills are safe but the don't appeal that much to me, bonds are my favourite.

with the current trend in the economy the best bet if you ask me is a diversification. capital market is still going down.






Take it from people who bought into mutual fund IBTC is overhyped as per return on investment and the only mutual fund that I can rely on is the Zenith Fund.I bought both and I started with IBTC with high hopes but after studying the way they operate,I understand that IBTC is in for exploitation.Dont based your interest to the name of the product as we know that most of this fund managers invest your money in something else.And as you said Bond is the most attractive but I just want the 2015 elections to be over and I will go for 3yrs bond…..T.Bills is not going to be good investment under the current cbn management…..You can still get some bond at 13%….

ernie4life: I like all the write ups above, personally am not a fan of equities, unless it's foreign equities. my reasons are simple the fund managers can swing the funds in other to favour a particular firm/ ccorporation. Mutal funds on the other hand are not bad especially the ones invested on Tbills and bonds. the new product launched by stanbic IBTC has nice prospects, I was at a meeting where investment experts where analysing it, it looks juicy if the play by the rules.

Tbills are safe but the don't appeal that much to me, bonds are my favourite.

with the current trend in the economy the best bet if you ask me is a diversification. capital market is still going down.

Godside:
Pls like when can i start investin since d auctn was yestady .

Godside:
wao! There is nothing more to it bro . Sori for d disturbance . I tot it wont b gud 4me 2flood d thread wit a learner questn . Thnx .pls is thr a way i cn earse my numba 4rm ds thread

angelo82:

As at sept.30 2013(5yrs statement) from account statement zenith income fund returned 50% and by now judging from the price it must be up to 60% but I didn't check and I don't intend to but I am pleased with the pricing of the fund as there is no fluctuation….

tolutweety: Wen tbills mature, how soon do they pay ur money into the acct.my tbills matured last Friday,haven't gotten any alert yet.

Should I call my banker or wait a while??
@CoderXO
@angelo82
@Chillisauce
@feelamong
@seun

feelamong:

why taking any chances?

call ur bankers immediately.. hopefully someone is not on top of his job some where..

tolutweety: Wen tbills mature, how soon do they pay ur money into the acct.my tbills matured last Friday,haven't gotten any alert yet.

Should I call my banker or wait a while??
@CoderXO
@angelo82
@Chillisauce
@feelamong
@seun

vacanci:

you shouldnt wait more than 2 hours to start calling. as a matter of fact, ur account should be credited on the exact date of maturity withing the business hours. Most cases, it done before 2pm of that day (the reason why same money is used to rollover another bill).

Please do not hesitate to reach ur bank quickly even though it is likely that you had been credited and perhaps alerts not working. so check your balance before calling.

Chillisauce: got a secondary bills from gtbank. 9.55 for 92days.

tolutweety: Wen tbills mature, how soon do they pay ur money into the acct.my tbills matured last Friday,haven't gotten any alert yet.

Should I call my banker or wait a while??
@CoderXO
@angelo82
@Chillisauce
@feelamong
@seun