ernie4life:



Am concerned that every asset firm is floating there own money market fund,
why am I concerned?

I will tell you.
Remember the era when the stock market was booming, many asset firms had equity based funds and they all did well till the crash of the stock market, what do you think would happen if CBN crash rates of treasury bills and MPR to lets say 6%?
your guess is as good as mine.
Our fund managers are lazy, they seek for comfort instead of opportunity.
why cant we have a real estate based fund? it could even be a hedge fund.
To me a Real estate based fund has huge potential the only down side is that it may not be very liquid but if properly managed could offer returns as high as 25%.


My thoughts

megacontrol:
Guys in thinking short term (about 60days or so) which direction should i be looking to invest a fund that i don't quite need for now.
T-bilss vs MMF vs Fixed deposit (good rate)

Fixed Deposit: So far from my little research renmoney could do 20%p.a. on 10m, this will fetch me about 313k in 60days. I don't know if other institutions will beat that but that profit of 313k will form my minimum/base for comparison.

So my question to the experts in the house is: Can i do better than that with T-bills or MMF given the short tenure? If yes, how?

Note: I am definitely liquidating at the end of the 60-70days tenure to utilise the funds.I need to make a decision quickly and push the funds out.

Thanks a lot

dotcomnamename:


Go for Treasury Bills.

Kemade2007:


Only secondary market

Houstency:


Be very wary of firms or wonder Investment houses that offer rates that look too good to be true. Do your due diligence on them very very Well Sir, to avoid stories that touch! With your kind of money to be invested, shop around for banks and branches, that can give you very good rates for treasury bills in the secondary market. Regards

Mup4life:
Hello house, My stanbic ibtc mmf account was credited for just one day instead of three days today. Any body noticed this ?

Mup4life:
Hello house, My stanbic ibtc mmf account was credited for just one day instead of three days today. Any body noticed this ?

Mup4life:
Hello house, My stanbic ibtc mmf account was credited for just one day instead of three days today. Any body noticed this ?

Kemade2007:
Please house i redeem part of my stanbic MMF online today and it was successful. Please I didn't receive any mail concerning this and it has not been debited on my MMF account .When should I expect that and was it successful indeed because I didn't fill any redemption form than the command from the site

od4life:

Same with mine. Also I noticed on my mutual funds account that there was no quarterly roll-over, as had been the case previously.

Mup4life:
the always say it takes 5 working days to process.

dotcomnamename:


Is it a must to redeem?

Kemade2007:


Not a must. But you can redeem part /all your money if you need it after 30days without penalty

dotcomnamename:


Is it a must to redeem?

dotcomnamename:


After 30 days or you mean before 30 days?

Kemade2007:


Same here

afroxyz:
Plz.house I would like to invest in Stanbic MMF. From my research I understand the holding period is for 90 days. However, can I keep adding more capital to my initial investment before the expiration if the 90 day period?

tunde4top:
Hello my people. What could be the problem ?. I registered for Stanbic MMF on Sep 12. As at yesterday, my accumulated profit was 7579 but after checking this morning I am only seeing 1191 as my total profit. Even as at that yesterday, like 2 days earnings were not added. Why are all these things happening ?

Kemade2007:
Please house i redeem part of my stanbic MMF online today and it was successful. Please I didn't receive any mail concerning this and it has not been debited on my MMF account .When should I expect that and was it successful indeed because I didn't fill any redemption form than the command from the site