₦airaland Forum

ogawisdom: Do u kw of any other mutual fund dt can pay a guaranteed 12percent of ones principal per annum payable every three months. Kgif pays after six months dts too long.

I dont think I have heard 12% and payable quarterly. The closest that I know is FBN @ 11.5% but I just use 11% for my calculations most times. Also, nothing it guaranteed. KGIF may be your best bet on 12% or above

Ernie,
I have a question on the "guaranteed" in InvestmentOne's product, is that just part of the name because they were formerly from GTBank or they really mean it? or both

ernie4life: if you will take my advice, I will say u do kgif, it's interest rate is same with mypass gold but while mypass gold charges withholding tax, kgif doesn't. note both mypass gold and kgif are products of investment one, if you need more clarification u can send me a pM
in both products ur interest and capital are guaranteed but in kgif u stand a chance of getting more interest

ernie4life

Is there a factsheet for kgif? Am interested in seeing what they offer.

sys007: Thanks a lot, sir.
@Poster, take note of this piece.

Sometimes after a thank you, you want to add a few tips.

It is customary to think a fund manager will not default if backed up by a bigger fish. However, in reality you can only trust the bigger fish to make sure the fund is managed properly because if value is really lost due to a recession or otherwise (not dubious means), it will affect the yield and may affect capital. I think this is fair.

sys007: Would they guarantee the re-payment of his principal, regardless of the market trends (recession, for example)?

There is no guarantee anywhere even in savings account (I think individual bank accounts are only insured to the tune of 500 thousand naira sef). So na to read the offer well and decide. To say there is no risk is to say capital is guaranteed which I would not believe from anyone. In my opinion, I think they offer a good deal and it doesn't have to be FBN capital, there are several other Funds available and you might be able to find one that offers you a better deal. I am resisting the urge to post their links here so I would advice you do a search, read their faqs and form a conclusion of your own.

Disclosure: FBN Capital is a subsidary of FirstBank by the way and I own shares in FirstBank, so I kinda like to keep my money in the family. A risk I also take

bluezeski: Most of the guys in this forum are lying their head off.!!! especially those who claim they are saving 40 - 60% OF THEIR INCOME and/or invest up to 30% .,Well it is possible that they are ravaged by the state of the nation. If anyone can save up yp 50% OF HIS/HER INCOME IN A COUNTRY THAT HAS AN FLAGGERING INFLATION RATE, HIGH COST OF LIVING, 20% increase in house rent yearly, 40% unemployment rate. low stock market return, low deposit interest rate, high LENDING rate etc etc... then, the person in question must be living in one room at Lagos area of 'self proclaimed city like ofada-mowe', treks to work, hunts his own meat and fish, cultivates his own cassava and rice, eats one meal a day (at home!!), does not have a car nor a wife nor children nor relatives, finds it a waste to travel even 2o kilometers outside where he is living, does not have a smart phone, does not have a cable TV., does not drink beer, nor buy for others, does not pay tithe at church, does not speak to his father nor mother, does not go to his village, and definitely does not pay tax!

I do not see any reason why people would lie about this, maybe a few to add some spice to the topic but certainly not "most". I save 100% of what I make and there is a reason for it. I pay no tax, do not contribute to Pension, food is free and have no family of my own. I however still spend money on a monthly basis but these are proceeds from investments I made previously that are now yielding benefits. Most people just like I have done will consider their salary as "Income" nothing more and that is where it ends. To add proceeds from other investments, inheritance and all will only complicate issues. 25% of your salary after deductions is what we should all aim for...in my opinion.

FranklinRich: I would advise you take a look at Custodian and Allied. Seems like a better pick than mansard. hey just my 2cents thoughts, kindly do your due diligence.

Disclosure: I have Mansard and want to buy more, not just sure the price is right at the moment.

FranklinRich: You might want to be careful with this phrase. The fact that an insurance stock is selling at 50kobo does not make it a good stock. I have had linkage insurance,guinea insurance and others for the past 6 years and i cannot remember the last time they left 50kobo. I have attempted numerous times to sell also but no buyers. So even though it does not look like i have lost money because i bought them at 50kobo, in reality i have lost some money when you look at the opportunity cost of holding these stocks vis-a-vis holding an insurance stock like custodian and allied.
disclosure:I might be biased towards custodian and allied cos I have it in my portfolio.

Point noted FranklinRich. I believe there is never enough warnings (some may call it negatives) but I tend not to take anything too serious or unserious in the stock market. However, I am in for the long haul. We would all lose some and win some but we hope the odds will be in our favour in the end.

Astondejumor: Thank you sir!

You are welcome dude. You also have the option of rolling over your dividends every quarter.

Toluway: You people are just busy naming the proposed baby, without talking about the lucky guy who will 'enjoymently' download the baby's main raw material.
What do you think could be driving International Breweries and May Baker bulls now, if not Expectations of fantastic 3rd quater results. I happen to be in these two buses out of mistake; and they're my only bulls at the moment. That's the NSE for you. Common sense is not always right.

hahahahahah

Na so! Ever heard the phrase " Profits for a company does not necessarily translate to profits for an investor"

so many things could be responsible but one sure thing is with good fundamentals you will be a winner eventually

bigjay01: My money is on AIICO

Godspeed then! Might pick a few of the 50k ones later, no place to go but up except they fold up sha

1. Best penny stock I bought was transcorp @50k 50,000 units
2. Worst penny stock I bought was Beco @ an avearge of 1.21k (bought at several times) 50,000 units

You would hope you turn out a winner in the end but there are no guaranties...

It is always about the price and I have learnt 50k is usually a good one as long as the company doesn't go into extinction. The stock has no where to go but up but you've got to have a lot of patience....this is the real Surulere

@Poster

Invest in a Money Market Fund. FBN Capital has one and it is of low risk (yield is about 11% annually and distributed quartely), your money is also liquid to an extent.

Do a search for them and choose one that suits your apetite.

N.B: Advice from another contract worker

@Insurance stocks

Most of them seem to be dancing close to 50k. I wonder how that sector works. Mansard seems a little to expensive at the moment but that is about the only insurance stock am willing to buy.

The issue might actually be that you have a statement of result which should be a certificate after a number of years. So the ideal thing would be that a statement of results will not be accepted from you once the Certificates are out. e.g. most people can get admitted on their O'Levels because it was done not too long before they gained admission, however they will be required to present their certificate when doing the final clearance.

So if you did your O'level 4 years ago, the certificate should be out and no University should accept that anymore. i dont know if the Certificates also expire sha

I had my first full contact with Martial Arts in NYSC Camp in Lagos. I have always been interested back in Uni but never got he time to join them.

Several years down the line, i have a black belt in Shotokan and two stripped purple in Shitoryu Karate. The idea is to get you interested then if you are "very" interested, you can continue training.

hmmmmm! Even as a convicted criminal, you do not cease to be a citizen of a country, you may loose some rights sha, but your opinion still matters.
Sincerely, it does not matter who gives the advice as long as it makes sense, would rather seek the advice of Tinubu and not GEJ obviously even if Tinubu were a criminal.

On another note, when you are surrounded by corruption, sometimes you don't even know when it becomes you. In my own opinion, an average Nigerian is corrupt or condoles corruption (i dont mean to generalise but I think it is obvious), infact the expats that visit our country now know the drills and follow suite cos if you don't, life is going to be very difficult for you (you might say that is the price we have to pay to get rid of corruption). In your homes, in your offices, in your neighbourhood, the list goes on. You see it,you turn a blind. Yes! you turn a blind eye, sometimes you even share in the loot, maybe a drink or as little as a statement 'sharp guy' , a smile. you encourage the doer of the evil that has befallen this nation.

i am not even going to talk about corruption in the government, you can read it elsewhere, plenty to read.

I am talking abouy you, yes YOU. You are on the streets protesting but you made a deal with your suppliers on Friday to add something on it for you but bill your company.

Do something about the corruption in your life.


cheers

It's sad how people just generalise on a number of things ranging from religion to politics to economics, etc.

Look deep into yourself and decide what you really want. I would prefer not to work if I can manage it, unfortunately dont have any inheritance i can live on, so i am working with a company and do a side business once in a while, hopefully might own my business eventually. If by any chance, that doesnt happen, i will still be a happy employee,

That's close to how life should be lived. Me thinks working in a job with good benefits and salary might be better that being self-employed.

hmmmmm!

Strange world we live in.

I feel for those that are directly affected by this, its not fair.

However, the truth must be said (or should I say, this is my opinion). Call center jobs are not really meant for graduates, i am not saying you cannot start small but 1-2yrs is enough for you to move on. When our graduates pick up all the jobs that drop-outs and secondary school leavers and undergraduates should be doing to survive, how do we move forward as a nation. We keep talkin about graduates this graduates that, when we know they arent the only ones that need jobs, infact what does a call centre agent do that he/she needs a degree for? As for Indians, they are like everyone else, some are terrible, some are lovable. Would I want to work for one, NO! Do i work with them, yeah, about 50-60 and i do like them and put them in their place when they mess up. i think the same applies to a whole lot of other nations.

I think 50k considering the requirements for the job is okay. A staff bus, health insurance, a pension plan and other benefits, maybe 30k might be considered. Sometimes jobs with good benefits are better if you do your analysis very well. On another note, didnt people think and say that instead of our banks laying off staff, they should have reduced salaries? Now here is a company doing just that,  me thinks these are tough times and we all need to brace up. Reduce your lau lau, save for an emergency, dont buy a car if you dont need to and the last time I checked there arent many 3D movies around, why are we buying 3D screens,

For those shouting above their voice, wait till you start your business then lets know what you think after that.

For all those text messages about protests, if the company cant make money and folds up, know that you contributed to several people in Nigeria losing their jobs.

2010! sure was a good year!!!

Finally got my Black belt in Shotokan Karate, , been expecting that for years, didn't get a promotion but got a new car @ work as a reward for good work. Setup some pretty tight financial goals and stuck with them through thick and thin. Got an apartment i really like and hope to settle in it. Thank you God, I need a woman sha and real soon, cos all these need to be shared with someone, all da best guys

25 is okay, for a single person as a driver for a start. However, once i get a salary raise I would try to increase that of my driver also.

I maintain accounts with four banks GTB, 1st ,UBA and Wema(not been there in ages). My salary account is with first bank and if I had a choice, i would have moved it.

When i get plenty money, I would be with GTBank

Haba! that's not nice!

Well it worked, hmmmm

Nov 30

There is hope. Keep doing what you are doing right and a time will definitely come.

Great Work guys!

Sincerely, its been a fantastic experience reding some of the posts (had to skip some for later)

Could you please send me the link

obascular@yahoo.com

Once the parents give their blessings and hand over the lady after the traditional wedding, that is marriage , ; all the rest na just ceremony,

Guys common. one more vote for per minute plsssssssssssssssssssssssssssssssssssssssss

I love per minute 'cause I talk a lot on the phone. Unfortunately, there are those times I make short calls or when the network is pretty bad and several calls end in the 1st ten secs and I still get billed per min: I feel really bad that I use per min.

Personally, I will vote per min but me knows Per sec will win the vote anytime anyday!

Very nice posts. I see some people keep repeating that people should get self-employed. Self-employment is not for everybody, some don't and they excel as employees.

I will definitely go for A. 5 companies in 4 years, not my type,

I remain Happy, I am happier!