SimpleGuy001:
Bosses pls does it make sense to start investing with 100k?.

I opened a mutual funds account with the aim of increasing it overtime as I earn from my job.

Dunno but I’m thinking it’s a waste of time due to the small amount

emmasoft:


@AJOBI77 please note that for mutual funds that don't accrue interest daily and are price controlled, the payment of dividend is treated like the usual stocks ie any amount of dividend declared is deducted from the current price of the fund on the closure date hence you see a reduction of price by same value of dividend paid. Unlike MMF where interest accrued daily and at the end of the quarter, the accrued interest is reinvested or paid to your bank account. If you look at the value of the investment before deduction it has not changed. If you add the dividend collected and the current value after deduction you get back the value before deduction.
What just happened is that part of the value gain was paid to you.

Going forward the value will continue to increase again as the price increases and the process will be repeated in the next dividend payment.

The above is just a general explanation for price-based mutual funds, the particular fund you are referring to may have some peculiarities that you will need to clarify from the fund manager. I hope this helps

SimpleGuy001:
Bosses pls does it make sense to start investing with 100k?.

I opened a mutual funds account with the aim of increasing it overtime as I earn from my job.

Dunno but I’m thinking it’s a waste of time due to the small amount

OSCARNEEN:


Thanks boss for the clarification. It makes sense if it goes down to around the initial balance before the shares payment. In my case of the specialized USD fund for FBN Quest, it went much much lower than the previous balance. Infact I am at around 8% lost of my total investment value initially per the new unit price. Is that normal?

SimpleGuy001:
@emmasoft

Thanks for the info. By the way, what’s the minimum investable amount for a dollar mutual fund account (per unit price and minimum number of units required)..

emmasoft:


For Dollar fund I'm with Norrenberger Asset management and the minimum investable amount is 550

OSCARNEEN:


What's the minimum holding period for dollar fund. The return seem to be the best I know in the market. I am currently with FBN

emmasoft:


90 days.

OSCARNEEN:


The company is totally new to me. Are you confident about their prospect and stability for investment safety?

adedayo77:
Hello house,

I top up my Stanbic ibtc MMF around 11am today, up til now it has not reflected on my account.

Who has encountered such before?

adedayo77:
It has reflected

emmasoft:


In addition to all @freeman67 has said I want to say that your thinking of 100k being too small is what has made many people remain without a single investment today. They think 5,000, 20,000, or even 100,000 is too small to start with hence they never stated. You can never finish a race that never started.

Why did you think most of the fund managers reduced their initial deposit to 5,000? it's a message they are trying to pass across to everyone that nothing is too small when it comes to savings and investment. All that is needed when it comes to investment is not only the amount involved but rather it's consistency and compounding. you can never go wrong when there is consistency and compounding of interest especially in low-risk investments like MMF.

Please continue with your investment and top up as much as you can and when you can. Be deliberate and intentional about it. You will be amazed after some time what the little amount has turned into. Remember the value of 1 in a million!

adetunrayo:
Hello,

Please how do one withdraw from ARM mutual account.

I have been trying without success.

OTP did not drop on my phone number.

Thanks

Nice2023:



If I tell that guys how I started this life with a meagre sum of 300k and what it has become today,it will shock him.

The message is,don't under-estimate the power of starting small.

NL1960:


Please share your story for us to learn.

Nice2023:



The truth is that,I have been able use 300k to make close to 110million naira in 11years.

No one should ever under rate himself nor underestimate the power of small amount of money in this life.

I am a living example.

amordi:
I don't understand. We need clarification pls

Nice2023:



I have summarised it for u.

emmasoft:


They have been around for five years. SEC-regulated and into Asset mgt, pension, insurance (They bought over international Energy Insurance), etc. They have offices in Lagos, Abuja, and Port Harcourt.
You can also check up on the SEC website.

Parties to the fund:
Fund manager: Norrenberger
Custodian bank: Stanbic
Trustees: DLM Trustees
Kindly chat me up if you decide to go along with us after registration or if you need further clarification
Note that account opening is free.

ernie4life:
Team MMF our time has come, as treasury bills rate go high, MMF rates will follow, if you are have invested in fixed income fund or equities fund now may be a good time to rotate back your portfolio to MMF.

playces:
T bills has been on the high side while MMF still crawling at 10 percent.

Tohmey:

Humm
What is the current rate of SfsFund

emmasoft:


No doubt Tbills is a major underlying asset of MMF. However, the rate change is not automatic. It doesn't mean that the day tbills rate rise it will happen with MMF. It's has to do with revalution of the assets. Definitely increase in tbills rate will have a positive effect on MMF which we are already witnessing. Just hold on, in a short while increase in tbills rate will reflect more on MMF.

Have you noticed that the MMF rates have been higher than tbills rates for the greater part of this year? Moreover the benchmark for MMF rate is always the 90 days tbills rate.

By the way SFS is 10.02% as at today.

MMF or Fixed income fund remain a low risk investment that all investors can always falll back on when the going gets tough with the much riskier investment windows. It's also a very good point for newbies to dive into the world of investment because your fingers can never get burnt.
Again MMF becomes handy when it comes to building emergency fund.

emmasoft:


No doubt Tbills is a major underlying asset of MMF. However, the rate change is not automatic. It doesn't mean that the day tbills rate rise it will happen with MMF. It's has to do with revalution of the assets. Definitely increase in tbills rate will have a positive effect on MMF which we are already witnessing. Just hold on, in a short while increase in tbills rate will reflect more on MMF.

Have you noticed that the MMF rates have been higher than tbills rates for the greater part of this year? Moreover the benchmark for MMF rate is always the 90 days tbills rate.

By the way SFS is 10.02% as at today.

MMF or Fixed income fund remain a low risk investment that all investors can always falll back on when the going gets tough with the much riskier investment windows. It's also a very good point for newbies to dive into the world of investment because your fingers can never get burnt.
Again MMF becomes handy when it comes to building emergency fund.

egojeny1:

Stanbic MMF rate today 10.70%

I am happy