Ajeleomo's Posts

Nairaland Forum › Ajeleomo's Profile › Ajeleomo's Posts

1 2 3 (of 3 pages)

Investment › Re: Mutual Funds by ajeleomo: 6:54pm On Jan 17, 2019

Yem0350:
How are we sure 15% will be distributed. I know they have minimum bench mark. I will try them out with little funds

The last time i spoke to their rep in September 2018, i was informed that 9% daily is guaranteed while at the end of the quarter/annually they share additional dividend which is not fixed rate

1 Like 1 Share

Investment › Re: Mutual Funds by ajeleomo: 6:26pm On Jan 10, 2019

mansakhalifa:
@ernie4life boss, please I just downloaded the Investment-One Abacus Mutual Fund application form but I haven't got idea where to submit it along with the other documents.

Think you can help me out here. Would appreciate it greatly if you did.

Thanks.

you can do all online, i never visited anywhere to open an account with investment one
Use their website

Investment › Re: Mutual Funds by ajeleomo: 6:31pm On Jan 07, 2019

flameon2:
Hi Guys,

Please has anyone used SFS Fixed Income Funds before? How good are they and how easy is it to withdraw one's fund? would one recommend them?
Thanks

Regards

Yes am using same, They have good interest rate as they ended December on 15.36% which began at 14.89%
They have online account where you can view your account statement but it is not regularly updated
I have not made withdrawal so cant say but it is for a max wait period of 5 working days. Withdrawal is by document application only and not online.
My priority is interest driven so i invest with them

Investment › Re: Mutual Funds by ajeleomo: 2:16pm On Jan 05, 2019

lilsyd:
@ajeolomo please how is fixed income different from mmf?

There is no difference between SFS FIF and MMF as all rules are the same but SFS FIF guarantees interest not less than 12% as benchmark

2 Likes 1 Share

Investment › Re: Mutual Funds by ajeleomo: 2:13pm On Jan 05, 2019

kenkel:
thanks for the link, they sent me a membership id when i joined arm but no password. How do i get the password so i can log into my arm wealth planner

send them a mail as ypu need a username and password to login

Investment › Re: Mutual Funds by ajeleomo: 5:24pm On Jan 04, 2019

Akby:
This is Fixed Income Fund not Money Market Fund I guess

Well it is fixed income fund but aint we here to get the best investment plan? MMF or FIF whichever pats better goes, so i stick to FIF for the best income

2 Likes

Investment › Re: Mutual Funds by ajeleomo: 12:03pm On Jan 04, 2019

ernie4life:
If you say 14.48% is highest, What about Afrinvest NIDF that closed at 19% for 2018,
truth is sentiments are shifting towards bonds thats why the yields are on the rise.

This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just received a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Investment › Re: Mutual Funds by ajeleomo: 12:02pm On Jan 04, 2019

ernie4life:
If you say 14.48% is highest, What about Afrinvest NIDF that closed at 19% for 2018,
truth is sentiments are shifting towards bonds thats why the yields are on the rise.

This is not as you see it, I had spoken with a representative of Afrinvest and their interest displayed is not same as how MMF interest are being calculated. You need to contact them for a better understanding as your interest is based on the difference between your entry and closing price.

I have just receieved a breakdown of interest from SFS FIF as shown below for the month of december 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Investment › Re: Mutual Funds by ajeleomo: 11:22am On Jan 04, 2019

kenkel:
Please can someone tell me how to monitor my profit on arm money market fund. I have not recieved any message regarding my profit for over a month now

https://secure.arm.com.ng/mywealthplanner/web/dashboard

Investment › Re: Mutual Funds by ajeleomo: 11:14am On Jan 04, 2019

rOsy247:
Thanks. I'm still confused on how the daily interest rate is calculated. Please help me out. I want to invest in money market fund.

Daily interest = principal x rate x time/100. where time = 1/365
therefore Daily interest = principal x rate /36500

Investment › Re: Mutual Funds by ajeleomo: 11:08am On Jan 04, 2019*

Akby:
Nice thread I must say... I think a higher percentage of people on here subscribed to FBN and IBTC. I actually think ARM returns a slightly higher percentage than others. My opinion tho after studying the market for months

Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, see below interest breakdown for the month of December 2018

14.89%
14.89%
14.91%
15.01%
15.00%
15.08%
14.31%
14.31%
14.30%
14.30%
15.18%
15.19%
15.21%
14.51%
15.25%
15.25%
15.26%
15.24%
15.31%
15.32%
15.30%
15.30%
15.29%
15.34%
15.34%
15.34%
15.34%
15.36%
15.36%
15.36%
15.36%

Investment › Re: Mutual Funds by ajeleomo: 1:30pm On Dec 27, 2018

RealityShot:
please when did you do so?

that will be very good news o!

Early December 2018

Investment › Re: Mutual Funds by ajeleomo: 8:43pm On Dec 24, 2018

emmy4lov:
Thanks

Is it like mutual funds investment, were the interest are added daily and you can withdraw at any time ..

Please explain how it works..?

yes it is same

Investment › Re: Mutual Funds by ajeleomo: 8:41pm On Dec 24, 2018

RealityShot:
Enough of debate please.

i use my ibtc MMF like a savings account and on 10 dec i withdrew funds.
i do this regularly.

You CAN NOT withdraw everything.

You will get an error if you try to do so.

You must leave N5000 minimum bal (except you apply for account closure)
~ like kaycodes said

its just like the bank minimum of N1000.

the good thing however, is that, the N5000 will continue to earn you interest.

Jonathan: &CO

I said i did and no error.... this is not dem say

Investment › Re: Mutual Funds by ajeleomo: 11:12pm On Dec 22, 2018

kaycodes:
I am certain that you must leave 5K In your account when making an online withdrawal or you will get an error.

Thats not true, i have withdrawn All

1 Like

Investment › Re: Mutual Funds by ajeleomo: 11:09pm On Dec 22, 2018

Charlssey:
Not really. There must be a 5,000 minimum balance. Except of you want to close your account completely. This is for Stanbic MMF

That not true... they will pay 100000, this is more like liquidating your account. I have withdrew all from Axa, Stanbic, Ione and was paid same. Th

Investment › Re: Mutual Funds by ajeleomo: 11:05pm On Dec 22, 2018

Jonathan:
Scam

dont say what you dont know please, if u see scam u go know am

Investment › Re: Mutual Funds by ajeleomo: 11:02pm On Dec 22, 2018

emmy4lov:
Which investment program yielded this ?

SFS CAPITAL NIGERIA LTD
SFS Fixed Income Fund

currently on 14.48%

Investment › Re: Mutual Funds by ajeleomo: 7:38pm On Dec 16, 2018

rOsy247:
Please enlighten me more, I want to invest 50k as well.

I got as high as 14.89% on a day

see the website
www.sfsnigeria.com

Investment › Re: Mutual Funds by ajeleomo: 1:29pm On Nov 26, 2018

Kechbeau:
good evening house, please I will like to invest in mmf, I don't how what to do, I will need some help please, and I want to start with 50k.dont know if it's small. please you people should assist me, thank you.

I have written on this platform about strategic financial solutions(SFS) who runs an account called the Fixed income fund(FIF) and their interest is quite good and they also guaranteed that you will not receive interest below 12%. I have tried them and have a first hand information that it is very true. See below outcome on the below sum

Days" Gain Yield
14 11 2018 20,000.00 1 7.00 12.78%
15 11 2018 20,000.00 1 7.01 12.79%
16 11 2018 20,000.00 1 7.35 13.41%
17 11 2018 20,000.00 1 7.46 13.61%
18 11 2018 20,000.00 1 7.46 13.61%
Grand Total: 1 36.28

3 Likes

Investment › Re: Mutual Funds by ajeleomo: 1:11pm On Nov 21, 2018

coolangel54:
I AM FEELING PISSED RIGHT NOW. I OPENED AN MMF ACCOUNT WITH AXA MANSARD LAST WEEK THURSDAY AND FUNDED THE ACCOUNT ON FRIDAY LAST WEEK VIA WEB PAYMENT. MY ACCOUNT WAS DEBITED, AND AXA SENT A CONFIRMATION MAIL TO ME. HOWEVER, AS I SPEAK WITH YOU NOW MY AXA MMF ACCOUNT IS READING ZERO (0) NAIRA. I HAVE CHATTED WITH CUSTOMER CARE ALL TO NO AVAIL. What exactly is going on is what I don't know o. My account has remained dormant since with nothing in my account statement section. Nothing anywhere!

The question is what time was the deposit made on Friday? Coz if you made payment after 2pm it will be treated on the next business day.
Note Saturday, Sunday and Tuesday are breaks between your transaction else only Monday was a working day. For me your account issue will be resolved between now and tomorrow most likely

2 Likes

Investment › Re: Mutual Funds by ajeleomo: 11:41am On Nov 21, 2018

GonFreecss1:
So I saw everyone arguing about the Money market funds the best firm with the best rates, people mention Stanbic, some Arm, some Axa mansard... you are all wrong!

The firm with the best money market rate out there consistently is FBN Quest!

And they have one of the cheapest, if not the cheapest management fees.

The current firm with the best money market rate now is United Capital, followed by FBN quest I think.

I had to modify this, the investment house with the best and consistent money market rate is actually Stanbic IBTC, theirs have been consistently high, but the reason I think FBN quest is better are the fees, Stanbic charges more and this will affect your overall return.

why is no one talking about SFS FIF account which is currently at 12.61% and gave a guaranty of not going below 12%

Investment › Re: Mutual Funds by ajeleomo: 4:51pm On Nov 19, 2018

jayfierce:
I am almost convinced to dump Stanbic. I need better rate and excellent customer service.

I have dump them sinceeeeeeee
I am using Axa and SFS for now

Investment › Re: Mutual Funds by ajeleomo: 2:19pm On Nov 16, 2018

coolangel54:
I have 100,000 to invest in MMF but I'm currently in a dilemma. Should i use IBTC or Axa Mansard?

SFS FIF all the way

Investment › Re: Mutual Funds by ajeleomo: 6:26pm On Nov 12, 2018

1:46 PM (4 hours ago)
Dear ARM
I have noticed with displeasure how my account balance changes to lower figures with withdrawal not being made. Kindly address the issue please

ARM IC Customer Care
3:30 PM (2 hours ago)
to me

Thank you for your email.
Please be informed that due to a system glitch we are experiencing currently, we are temporarily unable to display updated statements or accrued interests on the self -service portal. We are working assiduously to rectify the problem as soon as possible.

Kindly bear with us please.

If you require further assistance or for more information, please contact the support unit at enquiries@arminvestmentcenter.com or call us on 0700CALLARM (0700 2255 276).

Kind regards,

Investment › Re: Mutual Funds by ajeleomo: 12:17pm On Nov 09, 2018*

emmy4lov:
Is this a mutual funds? Can you explain please.?

The Nigeria International Debt Fund

The Nigeria International Debt Fund is a distinct investment product, originally created as a closed-ended fund in 1997 and was restructured in 2010 to an open-ended fund.

The Nigeria International Debt Fund invests in Federal and State government bonds. The emergence of State bonds is currently gaining popularity as various states aim to fund large projects with targeted issuances.

Key Features

Fund assets are invested in default-free assets thus guaranteeing investment principal
Assets are tax exempt
Minimum Investment of 500Units
Investment lock-in period is 3months
Easy entry and exit
Bi-annual coupon tradition

Fund Objectives

To reduce risk and offer investment safety
To provide steady returns and investment diversification
To preserve investors’ capital

Benefits

Investment in any of our mutual fund products entitles you to our wealth of experience as fund managers as well as:

Professional management: research driven and professional management of fund assets through a defined strategy with clear and measurable benchmarks. The NIDF has not recorded a negative return since inception.

Diversification: you leverage on sound research information in investing in different investment vehicles including the diversified portfolio of FGN and State Government Bonds.

Liquidity: investment liquidity is high as withdrawal requests are funded in 5-working days.

The Nigeria Internation Debt Fund (NIDF)

The NIDF is a low-risk, tax free, highly liquid investment in Federal and State
Government bonds that has consistently paid bi-annual (twice in a year) coupons for
over 20 years.

The fund invests in default-free assets, meaning that regardless of its performance, your
initial investment sum is guaranteed.

Key Features
Minimum investment of 500 units

Investment lock-in period is 3 months

Easy entry and exit

Bi-annual coupon tradition

Key Benefits
You cannot lose your money when you invest in the NIDF.

The fund is managed by a team of experts that have not recorded a negative return since its inception.

Your funds are easily accessible to you after the initial lock-in period.

The bi-annual coupon means you get to earn some income while your money keeps working for you.

Enter the amount to give for this investment (minimum N130,000)

1 Like

Investment › Re: Mutual Funds by ajeleomo: 12:15am On Nov 09, 2018

The SFS Fixed Income Fund (“SFS FIF” or “The Fund”) is an open-ended Collective Investment Scheme duly registered by the Securities and Exchange Commission of Nigeria (“SEC”). The Fund was launched in May 2014 and is managed by SFS Capital Nigeria Limited.

The SFS Fixed Income Fund is a Double AA rated and carefully designed Savings/Financial Planning product. The Fund invests primarily in high yielding securities issued by Federal Government of Nigeria, sub-nationals and highly rated corporate institutions (with at least an “A” rating by a SEC registered rating agency). SFS FIF is a low risk financial planning product with an investor base ranging from retail to institutional clients. The Fund makes distributions to unit holders on a quarterly basis. In addition, the Fund qualifies for investment by Pension Fund Administrators in Nigeria as regulated by the National Pension Commission (“PENCOM”).

The Fund is aimed at resident and non-resident individual and institutional investors that:

> require liquidity and have a low risk appetite; and

> seek to benefit from prevailing and historically high interest rates in Nigeria in an optimal manner.

The Fund is formed by pooling funds of several individual and corporate investors which gives the Fund greater “bargaining power” to obtain higher levels of interest rates when investing. The manager of the fund seeks to deliver a minimum return of 12% p.a. to its subscribers and this affects the investment and trading policy of the fund.

With a minimum starting investment of N10,000, the fund offers, Low risks, competitive returns, higher rates than standard bank savings accounts, flexibility alongside the experience and track record of SFS Capital’s investment Management team in the Nigerian financial market.

1 Like

Investment › Re: Mutual Funds by ajeleomo: 10:04am On Nov 05, 2018

Indigbo:
10m breathing in my account. Lock in the whole 10m on Treasury Bills or 10m on Mutual funds, or 5m to Mutual funds and 5m to Treasury Bills!? Which is more safer/ better with more interest?

Invest the 10M in treasure bill and invest the interest paid in MMF, My candid opinion as this is what i will do

Investment › Re: Mutual Funds by ajeleomo: 6:12pm On Nov 02, 2018

Osiomogie:
Please i paid for mutual funds on arm but I can't seem to get the site where I can monitor the funds.. Can someone help me out?

https://secure.arm.com.ng/mywealthplanner/web/

1 Like

Investment › Re: Mutual Funds by ajeleomo: 10:15pm On Nov 01, 2018

GonFreecss1:
I used to use First bank too, for a while noticed theirs was higher than stanbic, but there was a time stanbic was higher. The problem is most of you are looking at the now, compare pre-historic rates of all of them, you would see jumping from one to another is not needed. Just stick to one you are sure know what they are doing and have a high chance of getting your money back (cannot be closed down easily). Then you are set.

We all knew Wenger was a good manager but when his time past there was need for change and now Arsenal has gone 13 games unbeaten.
It is time to change from Stanbic, for the past 3 months those who use Axa mansard can testify that stanbic rates have never been higher with all the reinvestment claims.
Know when to tell yourself the truth, Why should i go for less?

1 Like

Investment › Re: Mutual Funds by ajeleomo: 8:13am On Nov 01, 2018

dotcomnamename:
Stanbic is the best

I hear you Mr. Marketer but i do know as i am directly involved, you can do me good by telling me why you say they are the best

Investment › Re: Mutual Funds by ajeleomo: 9:27pm On Oct 31, 2018

mikeopara:
Thanks

abeg forget Stanbic mmf joor, with all the reinvestment being done yet the interest still not good, where Axa mansard is doing 12.3% stanbic cannot even achieve 11.1%. I am taking my fund out of there joor

1 2 3 (of 3 pages)