₦airaland Forum

Creditalerts:
Curiosity kills the cat 😁 if you are 40 years and above stick to MMF and other low risk investments


Don't be Mongo park or the lander Brothers in high risk investment 🤣

40 years can still play with equity except the 40 is hypertensive.

Jayce242:
I agree with the bold
Maybe Stanbic balanced fund will be the best option for long term investors, since it is a combination of mmf and equity.

That's also a brilliant idea. Your fund will grow as it should.

EquityM:
I am using CardinalStone and Quantum Zenith for my fixed income fund. Fixed income is kind of sketchy; I'm still trying to get around it. I learned there are many ways to make money from it, especially when MPR meetings occur.

I heard there's dividend biannually and the total rates at the end of a year is around 17 - 20%. Also, it doesn't go down anyhow like mmf. It's stable and steady.

EquityM:
You nailed it, bro. I'm currently doing MMF, fixed income fund, and balanced fund. I once did stock, but it was too dramatic. One should always try something new. If my money drops vigorously, I go comot am.

Any Idea on stanbic Enhanced fixed income fund? How good are they?

Rhymeyjohn:
Can someone explain this YTD metrics clearly.

Is it the value of the investment return.

How does it differ from the price change

The yield doesn't matter when it comes to equity. My 1m in UC has added 24k in just 4days despite the low ytd

When it comes to growing your capital, equity is the only way.

Doing only money market fund is just like saving money and that's too conservative. You'll always be below inflation because the rates are always not encouraging. However, if you're old (60+), just stick with mmf.

To be safe, combine mmf, fixed-income and equity. You can always do 40:20:40 respectively. So if equity doesn't do well after a year (hardly occurs anyway), mmf and fixed-income will be your shock absorber.

Now imagine the three go well in just year, your smile will be different. But do no forget, equity alone is not the way. Always combine the three in that ratio.

kingreign:
Replace throttle pedal and/or throttle body.

Throttle body replaced and car is back to normal. No more limp mode.

Donbrig:
This is exactly what I was trying to explain to a very wealthy friend, some fund managers are like our politicians, what you get is different from what they promised during elections.

The rates of some fund managers does not always correlate with what they often pay into your account, I don't want to discredit any fund manager...

Trustbanc and Norrenberger fund managers are the best at the moment, e get why... It is not just about their competitive rates, you get exactly what you are supposed to get or according to their daily accrued interest.

Politician asset managers

Name them

EquityM:
FirstAlly rates start from 18% to 22%. If you are looking for monthly compounding, try the HYIS premium of FirstAlly; however, the minimum capital is 5m, and the rate is also from 18 to 20%. My account officer told me the HYIS premium will be taxed. TrustBanc also has a good rate; nevertheless, they don't have an app, and they only send me statement valuations by email. (I don't really recommend it.)

HYIS Premium is not worth it then since it'll be taxed.

Have you done a calculation to be sure their rate matches the interest you get? Some mmf organisation put fake high interest rate but the daily return doesn't correlate.

EquityM:
I am currently using FirstAlly, Trustbanc, Norrenberger, Quantum Zenith, Meristem, and FBNQuest as my MMF.

FirstAlly is still the best in my opinion for daily rates; withdrawals take less than 5 minutes to enter my account. They also have a HYIS premium, which compounds monthly.

What's Firstally interest rate? I think I'd have to move from stanbic to this Firstally.

Unitedcapital also does quick withdrawal. You get your money in 5 minutes if it's below 2m but there interest rate is the lowest in money market.

Dasolajay:
Good evening amazing people, please I need help with finding out what’s wrong with my car. I drive a Honda accord 2008 v6 car. It started to misbehaving last week, after spending some time in traffic, it went off and when I restarted it, it was moving slow, no matter how hard I stepped on the gas. It took me home that day but slowly.

I then called the mechanic to come service it, we changed the engine oil and filter, changed the fuel pump and cleaned the injector mouth. Thinking that should fix it.

Took it out the following day, after driving from omole to Osborne with my AC on, it started moving slowly again, I turned off the AC immediately, it didn’t go off this time but it took me to VI slowly. When I was going back home later in the afternoon after about 5 hours of packing the car, it acted normal again till I got home, I didn’t use the AC this time.

I then decided to scan it today and these are the error codes it brought out. I decided not to fix it yet because the Rewire told me to bring 45k without telling me the actual thing he wants to fix. Could you kindly tell me what is actually happening to the car? Thank you.

Same here

Sometimes during acceleration, it loses power and enters limp mode.

A little trick once this happens - park and restart the car or put the car on neutral while you restart and then drive to drive. The system resets itself and start accelerating.

Mine is showing error code p0121 throttle position sensor/pedal position sensor.

I'll check it out tomorrow using a rewire

KingCassy:
Do you know another bank that offers such rates too?

You can try access bank mutual fund but I don't know the rate

FRANKLYex:
Is it compounded quarterly or annually?

No... It's a simple interest or let me say it compounds yearly

chillex8:
2.0L or 2.4L motor?

2.4l

chillex8:
Replace engine and have peace of mind.
Engine has definitely been opened by previous owner.

Thanks
What's the price range?

chillex8:
If you swap coil/plug/injectors from cylinder 3 and 4, do the codes switch ?

No, still cylinder 1
The engine doesn't shake when coil 1 is removed like other cylinders

FRANKLYex:
And please do you have an idea of the present indicative yield?

20.21% with a minimum of 50m to start and 10m subsequently

chillex8:
Does your vehicle emit any color of smoke?
Have you scanned for codes?
What work was done before you noticed this symptom?

No smoke at all
Yes, it's showing misfire for cylinder 1 and 2
I got it that way as a Nigerian used. The inspector said it's something he could fix when I got it. Unfortunately it's going beyond.

iykecollins1:
Good Morning Guys✌️

Give thanks to the source that create life.😌

Guide our steps and choices today 🙏

We are Open

How much is accord 09 (i4) engine

chillex8:
What's the experience when you load the ac compressor?

Thanks for your response
Still working but the engine feels the load

Greetings all,

My honda accord 09 instant acceleration is weak. I have to press the throttle gradually for like 5 seconds before acceleration picks.

They've checked plugs, ignition coils and injectors and they are okay but cylinder doesn't react as other cylinders when coil is removed. So they mentioned the engine will be opened to know the condition.

Please, in worst case scenario, how much is a tokunbo engine now for i4 accord 09?

enemerci:
Hello everyone. Is it possible to move some funds from the money market on stanbic to ethical funds on stabic without withdrawal.

That is to say when the app asks method to fund the ethical wallet you click on the money market. Has anyone done something like this before.

If it's not possible how do I move a portion of funds in the money market to ethical funds
Thank you

Simply write them a mail to do that for you

Can it go for 3.5?
Let me know

Rhyah:
Pls FBNQUEST investors, how else do you follow up on your investments asides the mobile app?
The app has not been accessible for weeks now

There's nothing wrong with the app here. It's working well.

yak:
Stanbic is so full of themselves!
Customer service is very poor and complaints are hardly attended to
United Capital hasn't been too bad but I think thier rates aren't the best

United capital is not transparent with their daily interest return. The return usually doesn't align with the rate posted. And their rate is always jumping up and down.

However, when it comes to instant withdrawal of funds, they are the best so far. You withdraw and you get your money in 5 - 10 minutes including weekends provided it's under 2 million

yak:
I ran away from fbn in 2018 and I'm not going back even if they tell me they have changed

Lol... Presently first asset management has a higher rate compared to stanbic

awesomeJ:
These charges are exactly the variables I need to know to run the maths.

It'll be best to have someone share their experience.

This is fcmb

awesomeJ:
Guys, please how do you fund your StanbicIBTC dollar fund?
It's been a while since I last used them. Last time I did, they had a USD account at Stanbic that I could transfer to, so it was Stanbic to Stanbic transfer with no charges.


If I put in $1000 and it makes just $15 in 3 months, I don't want to end up paying up to $30 dollars as transfer fee for both deposits and withdrawals.


How do you guys do it?

Why don't you convert to naira an invest in naira?

Naira investment is better than any dollar investment at the moment.

However, if you insist, put it at the back of your mind you'll mostly likely run into loss if your dollar Investment is not for a long term (like 10 years). And this will happen due to different charges on dollar transfer. Don't be surprised that you may end up paying up to 100usd for 1000usd transfer. So do your math well.

yusfatedeeprof:
Or you move all your money including gains to stash by month end and then move it back to the mmf as new.

You'll loose a day interest doing that and you'll realise it's not worth the stress after calculation.

Just stick with stanbic with a monthly reinvestment plan at 19.34% or FBN with a quarterly reinvestment plan at 20.08%

nickae:
Its the cowrywise mutual funds. Compounding is quarterly, i think its only stanbic that do it monthly, but there is a hack. You can choose not to reinvest your dividend, then once its paid to your account, you put it back to the funds

I yam not understanding

Preator:
Stanbic experience is quite good though their monthly reinvestment may not be as financially ok as some mmf that reinvest quarterly due to difference in rates. FBN typically has a higher rates that yields more returns over time compared to stanbic monthly returns. Depending on how much you put, the difference may be significant.

I also feel that stanbic rates these days are artificially held at 20.01% cos virtually all the other guys(esp the high interest ones) have been declining.

You'd be shocked that stanbic monthly reinvestment is higher than others despite their higher interest rates. You know what? Just do a calculation of what the interest accrued per year would be for stanbic and any other funds manager with a higher interest rate.