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

What is the range of the present CRS score?

Who has the details with each pay for the steps

Bella002:
Silent Reader

Just to encourage someone here today. It was not an easy journey. But I thank God for providing and giving me the strength to push.
I am proud I did it for my Kids

1st Attempt - LRWS - 6.0, 6.0, 6.5,7.0
2nd Attempt - LRWS -7.5 , 7.5 , 7.5, 7.5
3rd Attempt - LRWS - 7.5, 8.0 , 7.0,7.0
4th Attempt - LRWS - 8.0, 8.5, 6.5, 7.0
5th Attempt - LRWS - 9.0, 8.0 , 6.5 , 7.0
Hmmmm.... started getting discouraged at this point.
6th Attempt - LRWS - 8.0 , 6.5, 6.5, 7.0
7th Attempt - LRWS - 8.5, 8.0 6.5 , 7.0
8th Attempt - LRWS - 8.5, 8.0 7.0,7.0


Congrats to all who got PPR and ITA.
Congrats to all who passed their ielts and for those who are yet to get their desired score don’t give up.

For those taking out time to answer our questions , God bless u all.

YOU ARE A PATIENT PERSON, YOU WILL GO FAR!
I think I need to start with my evaluation of my result with IQAS (don't have strength with WES Verification) while I enter the pool with my present score of LSRW 7.5 7..0 8.5 7.0. While in the pool, I gather funds for another IELTS. Una good afternoon.
NB: I practiced Listening with my desktop in the office, I have decided to get a new laptop for this process. IT WILL END IN PRAISE AS MY EFFORTS WONT BE WASTED.

A VERY BIG CONGRATULATIONS TO ALL PPR FAITHFULS! May Canny favour you guys. To my comrades who are being tied up by IELTS, our turn to laugh will soon come. MAY ALL OUR DREAMS COME TRUE! Una weldone. Lemme continue my observation mode as I gather funds for IELTS, the hustle is real my people. I need cash o

CONGRATS TO @Ethelia @QSola and others who PPR rained on. Make we still dey try cross the IELTS hurdle. It will end in praise! [/b]CONGRATS ONCE AGAIN, I REJOICE WITH YOU ALL[b]

I think I need to visit their office for more info.

AbbyE:


Stanbic no longer does quarterly compounding of interest

Does Stanbic IBTC do it? Seniors who are in the house please help out, this is money matter. I DON TIRE FOR PONZI

eezeribe:

I don't know what you mean by kiniko... Lol
There are different types of MUTUAL FUNDs as well as different types of shares.
The paying of dividends mostly applies with shares, while compounding of interests mostly applies to mutual funds, especially the money market funds. However, both dividends and compounding are tools to increase the investors returns in the long run.
The issue of withholding tax on mutual funds applies only when you want to withdraw a certain percentage of the profit accrued.
But if you are to withdraw everything, both interest and initial capital, you will not pay for withholding tax, you will only pay for management fees which is very little.
If a mutual fund doesn't do compounding, I won't invest in it unless the its interest rates beat the 'market'... Lol

To check interest rates, please visit the following websites:
Stanbic IBTC
http://www.stanbicibtcassetmanagement.com/

ARM
https://arminvestmentcenter.com/

A customer care representative from ARM called me this morning and she was saying that it is the banks which charge for withholding tax, etc and that they do not charge. Secondly, that compounding kiniko does not apply to them cos dividends is shared quarterly and that their rate as at today is 13.1% as against Stanbic 12.27%. [/b]SENIORS IN THE HOUSE, WHICH IS BEST: Stanbic IBTC or ARM?[b]

Can you please explain "compounding' for me in a layman's language. Also, what charges apply? I am about to start with 100,000.

eezeribe:

Your interest after 1 year would be 12,310 naira which is equivalent to 1025.8 naira monthly at 12.31%(excluding compounding) ....however,you will have to withdraw a little less than this amount due to 'charges'...

I am learning a great deal here. I have to indicate that interest should be re-invested then.

eezeribe:

Compounding occurs quarterly, not daily,so therefore interest earned today doesn't form part of tomorrow's capital, however, interests earned in the course of three months (a quarter) would form part of the the capital for the next quarter if and only if (IFF) the fund owner indicated in his account opening clause that interests accrued should be automatically reinvested in funds.

I sent a mail to Stanbic IBTC and also checked the websites for both fund managers

chinexex:


How and where do you get their daily rates from?

INTEREST RATES AS AT TODAY:
SIBTC 12.34%
ARMS 13.1282%
I think I have to visit ARMS now to invest in MMF. Someone should knidly assist with 100,000 interest rate for one year please. I no know maths o

SOMEONE SHOULD PLEASE ANSWER THIS O

Mukah1234:
Please house. How do I pull out all my funds on stanbic MMF?

THANKS. So, what would be the annual interest rate using the current interest rate for 100k

jmanity:


The interest rate is not monthly, it is annual.

Please , calculate with an initial capital of 100,000 for me.

eezeribe:

12.31 %

I need help with listening practice. What sites would be of help? I have tried ieltsonlinetests.com and will still use it for practice. My Youtube is not opening again, I dont know why.