₦airaland Forum

Capital is surging back into the tech sector at an aggressive pace. SK Hynix also posted substantial revenue figures today, which has sent the market soaring. Do not offload your tech holdings prematurely — always keep a close eye on your average cost basis to pinpoint the right moment to accumulate positions during market dips. I deeply regret not scooping up enough shares at last week’s market low. I have also identified several high-performing ETFs at the moment, whose portfolios are packed with top-tier leading stocks from the U.S. market.

Yikes, I'm not based in Nigeria, so I don't know anything at all about vest there.

Zooposki:
Do you know what's wrong with vest? Ive not been able to log into their platform for 2 days now

MMF does not require excessive diversification. That said, if you still prefer to engage an additional fund manager, TrustBanc is a solid choice. Simply follow the link provided on the attached webpage to complete your sign-up process with them.

https://www.trustbancgroup.com/

vanvickie:
Good day investors... I am actually looking to invest in a separate MMF at this time for a specific goal.

Please can someone assist shed more light on the following..
How can I open an account with coronation mmf, trust banc and STL. Do I need to download any application? (I already have first ally, but looking to diversify)

2. In terms of ease of opening account, customer service, ease of doing business with them, withdrawal and deposit turn around time and general efficiency... How would you arrange the three or based on the one(s) you are using.. How will you rate them?

Your response will be highly appreciated.

No crying in the casino.😂😂😂😂😂😂

akindelelawrenc:
another agent spotted..... Just be careful don't come here later and start crying

MMFs are typically compounded quarterly, while some other money market funds compound monthly, with annual returns hovering around 16% to 20%. Given their compound interest advantage and the complete absence of lock-up periods, I will always opt for money market funds.

harrykewell:
If you don't mind sharing, what is your current MMF yield? As a banker, I’d love to see if I can match or beat that rate with a call deposit.

https://sec.gov.ng/about/contact-us/

You can find the contact details here.

IchKampf:
Please I need both the SEC email address and the WhatsApp.
Thank you.

I have the SEC whatsapp and email, lemme know if you need it.

IchKampf:
Hello everyone,

I’m dealing with a persistent problem with ARM regarding redemption of funds from my ARM MMF account, and I need practical advice on how to force a resolution and/or hold them accountable.

Timeline of events:
.1 October 2026 : I submitted a fund redemption request. It stayed on “processing” status.
.6 October 2026: I emailed them about the delay.
.7 October 2026: The “processing” status disappeared from my transaction history and the money was returned to my MMF account. No explanation was given, and my email was neither acknowledged nor replied to.
..7 October (same day): I submitted a second redemption request. It remained on “processing.”
.9 October 2026: I called ARM customer care. The agent promised to call me back the same day with feedback and said the issue would be resolved ASAP. No call or update followed.
.12 October 2026: I called again and repeated the complaint. Another agent said she would give me feedback.
.13 October 2026: I called a third time. The agent told me the redemption was unsuccessful and that I should make another request. The “processing” status had again disappeared from my history with no notification or explanation. Instead, I only received a generic reply to my original 6 October email. I submitted a third redemption request the same day.
.15 October (today): Still no feedback or progress.

I need help with the following:
1. Which senior person or department at ARM can I escalate this to directly?
2. Is it advisable to escalate formally to the SEC, CPC, or other regulators?
3. Would it make sense to instruct my lawyers to take legal action at this stage?

Any practical suggestions or experiences with similar issues at ARM would be appreciated.

Thanks.

Yes ooo, I was absolutely stunned to see the scale of capital being invested in overseas markets — my jaw literally dropped the moment I learned about it.

quote author=Mixology post=140926055]

That’s something.[/quote]

CS is way better.

alexokeke325:
House pls I need answer. Btw Stanbic ibtc and cardinal stone which is better and gives rest of mind(pls considering deposit !! Withdrawing !! Customer care...

Yes, inflation might dampen those gains, but the gains remain substantial.

Emzedz:
Cool gains. Also not much inflation over there if not d profits will be partially erased. Unlike here in nigeria inflation is d weapon fashioned against investors n investments.

This is a real case: someone invested $20,000 in AMD back in 2016, and as of today, he has become a millionaire. Drawing from my day-to-day experience as a trader, the market is always defined by inherent volatility and returns — there will be years of strong gains, and years of steep losses. Furthermore, accumulating your positions at lower price points is universally the optimal strategy to secure future returns, and sticking to regular DCA practices throughout the bear market to average down your cost basis yields tremendous long-term benefits. May Jesus grant us wisdom.

This is a real case: someone invested $20,000 in AMD back in 2016, and as of today, he has become a millionaire. Drawing from my day-to-day experience as a trader, the market is always defined by inherent volatility and returns — there will be years of strong gains, and years of steep losses. Furthermore, accumulating your positions at lower price points is universally the optimal strategy to secure future returns, and sticking to regular DCA practices throughout the bear market to average down your cost basis yields tremendous long-term benefits. May Jesus grant us wisdom.

I still prefer going with equity funds over balanced funds for the longer term as equity funds tend to perform better in the bullish market. CardinalStone equity fund has been doing quite well and the CSOF has been holding up with high returns for several years. I'm not into any equity investment in Nigeria as I prefer individual stocks or foreign ETFs. As you mentioned earlier, constant DCA always helps to average down during the bear market.

dgitrader:
Typically most balanced funds are slow and steady. And Quantum zenith is up about 34% YTD, that isn't bad at all. Only when compared with a typical equity fund which are mostly above +50% YTD that makes it unpleasant .
However the reality is that not every year will be like this year or close bullish, when down markets come, which can last far more than imagined, balanced funds are best performing, due to the components. I am in zedcrest, but I doubt if it's not a one hit wonder. Funds with over 5 years historically performance tell the true picture.

I tried the Quantum Zenith Balanced Fund, which was a total waste of time and complete nonsense, though I can't speak for the other fund managers.

dgitrader:
Going though the thread, It seems balanced funds are highly underrated. Beyond the volatility and aggressive returns from equity funds, balanced funds give you more peace of mind yet ability to compound and double you investments with few years. Especially if you are doing monthly/quarterly additions.

I shared my thoughts on Moderna a few weeks ago, and the stock has been consistently outperforming semiconductor sector players so far. I still rate it as a strong buy, but as always, be sure to do your own thorough due diligence before making any investment decisions.

I go chill small, if I don't see anything, SEC and Sango go thunder their office.

nickae:
Na their way o, the funds will eventually get to you. All of us don run leave them

I didn’t move those funds elsewhere— I have 6 to 7 separate MMF accounts held with different asset managers. That said, I prefer to keep increasing my allocation to foreign portfolios, which is what prompted me to initiate the withdrawal in the first place.

Bluearrow:
I hear those ones are just like quantum zenith. Why did u move from first ally to first asset? Was there increase in their mmf rate?

Is there anyone here using FirstAsset Management? I initiated an MMF withdrawal last Wednesday, received an acknowledgment email shortly after, but I still haven't seen a single cent credited to my account. I'm considering filing a report against them with the SEC.

Cheers, chief. This ETF tracks Korean and U.S. stock market movements, and it’s extremely volatile. Even so, volatility remains the only real path to generating returns. I also trade Intel on the side, which lets me keep learning something new every single day.

emmasoft:
@CSblackpink, we have to compare apples with apples. You cannot directly compare an ETF with an MMF because they belong to different investment categories and carry different levels of risk.

The general principle that higher risk comes with the potential for higher returns, while lower risk generally comes with lower returns, still applies. Therefore, saying that one investment is simply “better” than the other is not absolutely correct.

There are several factors to consider, including the investor’s investment objective, risk appetite, age, level of investment knowledge, time horizon, available funds, and financial needs before deciding which investment is more suitable.

That said, ETFs certainly have their advantages. Depending on the type of ETF, they can provide diversification, exposure to equities or other asset classes, long-term growth potential, and relatively low costs. For an investor with a longer investment horizon and a higher tolerance for market fluctuations, an ETF may therefore be more appropriate than an MMF.

However, imagine a conservative investor who is 65 years old and primarily concerned about capital preservation and liquidity. How do we tell such an investor that an ETF is automatically better than an MMF?

I would rather say that both investments are good within the categories they belong to. The real question is not necessarily which one is better, but which one is more suitable for a particular investor at a particular point in their financial journey.

Ultimately, an ETF may be better for one investor, while an MMF may be better for another. It all depends on the investor’s circumstances and objectives.

By the way, kudos- your ETF is doing well with that return mentioned, but be on the lookout because ETF performance is directly proportional to stock market activity and performance, except this particular one tracks bonds or other instruments other than equities.

I'm currently abroad, however you can check it out on International brokers or any reputable investment broker.

malcom1X:
How to get this Korean ETF?

The stock market is no playground for the faint of heart. Mastering patience, grasping the forces that drive market swings, and learning to brace for a market crash stand as the foundational pillars of becoming a consistently successful trader.

ollypass:
Not for the faint hearted tho..the process that is.

Stay invested.

Stay invested.

No idea, I'm only into Dang IPO and foreign stocks.

Rico1278:
Do zedcrest pay dividends to equity funds

No, this is the quarterly payment for the MMF.

ollypass:
does this dividend also apply to Equity funds or....

With the huge amount of capital invested, that return is disappointingly tiny. MMF is essentially designed for capital preservation. My Korean ETF, which holds a capital of 14.7 million, booked a return of 757,000 naira yesterday on a 5% upside gain. I'm still weighing my options: either lock in the realised profit right now, or let the earnings compound further, since daily returns are usually calculated based on the total current portfolio value rather than the initial principal deposit.

Skudi:
I think the 570k is for the intrest accrued after 3 months which is equivalent to 1 quarter

They do have an app, though the WhatsApp call is specifically for withdrawal verification. Quantum Zenith also has an app, but I could only get all my withdrawal transferred to my bank account after the SEC stepped in with intervention.

Ankakh:
Why email and WhatsApp though? In this 2026, there should be an app and deposits and withdrawals should be easy there.

No dedicated app is required — the entire transaction process is completed via email and WhatsApp. Furthermore, you will receive your account valuation report directly in your email inbox every Sunday.

Bluearrow:
Does this dealing with them directly means if u are using the trustbanc app or having a dedicated personal account manager?

Only if you dealing with them directly.

Bluearrow:
If trustbanc withdrawal & topup now takes within 5 minutes, I think it's a big improvement.

Why not invest directly with Trustbanc? I have a dedicated personal account officer there, and I typically submit my withdrawal and top-up requests via email — every single process is completed within just five minutes.

doggedfighter:
How seamless is Prime Pro ? Do you use it ?

There have been complaints in the past and people not knowing which is which.

Confusing it with the scam prime whatever.

And seems the app isn't smooth too.

I am considering options since I can't top up.

I'm currently encountering the same issue, and I hope it gets resolved soon.

Ogborokiri:
Baba I couldn't sleep the whole night are you using them too and do you still have same issue?