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Stanbic Ibtc Money Market Investment - Investment - Nairaland

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Stanbic Ibtc Money Market Investment by missfrancess(f): 1:16pm On Nov 06, 2019
Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light
Re: Stanbic Ibtc Money Market Investment by sholatech(m): 2:34pm On Nov 06, 2019
There is a very active thread on Mutual Funds where many have invested & update regularly on Stambic Money Market & other Mutual funds.

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Re: Stanbic Ibtc Money Market Investment by prekumohtim(m): 3:01pm On Nov 06, 2019
missfrancess:
Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light

Don't waste your time on it. It's nothing to write home about. I once invested but the interest is very low and it could still wipe out at any time. For about 6 months I was only able to realise about a #1,000. Look for something better to invest your money
Re: Stanbic Ibtc Money Market Investment by gerizzim: 3:29pm On Nov 06, 2019
missfrancess:
Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light

Yeah I have. The truth is dis: d interest paid on ur fund fluctuates.
if you are doin a regular check on ur acct u will notice it had a steady daily top up of Interest frm say July to Oct dis yr.
It just started fluctuating late Oct . Dou it's not dt bad as some pple paint d picture. Op it comes up again

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Re: Stanbic Ibtc Money Market Investment by gerizzim: 3:34pm On Nov 06, 2019
D capital you have in der depends d interest you get.
Your interest too is affected if you kip making withdrawals.
It's still beta Dan putting ur money in a savings acct.

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Re: Stanbic Ibtc Money Market Investment by gerizzim: 3:42pm On Nov 06, 2019
As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira
Re: Stanbic Ibtc Money Market Investment by gerizzim: 3:43pm On Nov 06, 2019
As at the tym I followed Dem up around early last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira
Re: Stanbic Ibtc Money Market Investment by missfrancess(f): 5:38pm On Nov 06, 2019
gerizzim:
As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira
I messaged you check Email
Re: Stanbic Ibtc Money Market Investment by alezzy13: 6:19pm On Nov 06, 2019
gerizzim:
As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira

That's about 29k per year which is about 11%. Not bad
Re: Stanbic Ibtc Money Market Investment by gerizzim: 6:29pm On Nov 06, 2019
alezzy13:


That's about 29k per year which is about 11%. Not bad

They have increased it to 12.11% ND a fund hovering around #300k wit Dem dt u don't withdraw will give u an interest of #100naira daily if u do ur maths very well.
Re: Stanbic Ibtc Money Market Investment by gerizzim: 6:34pm On Nov 06, 2019
#10k gives you an interest of Abt #4 to #5naira daily as at early last mnth oo dt is if their interest rate hz not chng
Re: Stanbic Ibtc Money Market Investment by Emmaesty(f): 6:37pm On Nov 06, 2019
prekumohtim:


Don't waste your time on it. It's nothing to write home about. I once invested but the interest is very low and it could still wipe out at any time. For about 6 months I was only able to realise about a #1,000. Look for something better to invest your money
I am guessing u had less than 100k in the MMF at that time.

MMF interest makes more sense when u have at least 100k there. For instance the interest for 3 months on 100k should be about 2700 naira with a daily rate of 12%
Re: Stanbic Ibtc Money Market Investment by Emmaesty(f): 6:38pm On Nov 06, 2019
Please follow this thread to learn more
https://www.nairaland.com/1912965/mutual-funds/196
Re: Stanbic Ibtc Money Market Investment by michaellovaldo(m): 9:15pm On Nov 06, 2019
missfrancess:
lol
What's funny miss?
Re: Stanbic Ibtc Money Market Investment by alezzy13: 10:33pm On Nov 06, 2019
gerizzim:


They have increased it to 12.11% ND a fund hovering around #300k wit Dem dt u don't withdraw will give u an interest of #100naira daily if u do ur maths very well.

I see, thanks
Re: Stanbic Ibtc Money Market Investment by prekumohtim(m): 8:26am On Nov 07, 2019
Emmaesty:
I am guessing u had less than 100k in the MMF at that time.

MMF interest makes more sense when u have at least 100k there. For instance the interest for 3 months on 100k should be about 2700 naira with a daily rate of 12%

A whole 3 months just to earn #2700 ? With that same 100k I can over 26k/monthly in other platforms, 80k profit in 3 months
Re: Stanbic Ibtc Money Market Investment by gerizzim: 10:59am On Nov 07, 2019
prekumohtim:


A whole 3 months just to earn #2700 ? With that same 100k I can over 26k/monthly in other platforms, 80k profit in 3 months

wt would dat platform be sir? I want to know let's us also make 26k monthly like you sir. hope no be Ponzi scheme
Re: Stanbic Ibtc Money Market Investment by prekumohtim(m): 5:33pm On Nov 07, 2019
gerizzim:


wt would dat platform be sir? I want to know let's us also make 26k monthly like you sir. hope no be Ponzi scheme

It's not a ponzi scheme but their head is shaking right now so I can't introduce u to it. I invest with a forex firm , it pays far more than money market . Sometimes , it looks like blood money because of the high return . But they have their own issues like registeration/documentation with appropriate bodies.
Re: Stanbic Ibtc Money Market Investment by joeybankz: 10:10am On Nov 29, 2020
Money Market – Financial Market Definition And Agents - The money market is not a term defining a definite place of locality where money is traded, in essence bought and sold. However it may be described as a market in which short term funds are borrowed and lent. The market does not deal in cash (coins and paper currency) but include the rights to money and capital in the form of credit which includes trade bills, promissory note and government paper which is drawn at short periods. These short term bills or securities are regarded or referred to as near money.
https://www.nigeriabusinessplan.com.ng/money-market-financial-market/
Re: Stanbic Ibtc Money Market Investment by Oluwahelpme(m): 11:24am On Nov 29, 2020
Anybody who borrows me money will get 3% interest rate from me every month. guarantee. I will sign an agreement with u.

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