@emmasoft.
I have a MMF account with investment one but I want to open a VGIF account. How do I go about it.

freeman67:


I was about telling him the same thing. I tested balanced fund with investnow for just like 3 weeks and before I could understand it my capital capital of 50k was already reduced to 47k. I could not tolerate it so I ended it. However the Bond Fund, Dollar Fund and Money Market Fund I am testing has been okay.

Between your Dollar fund and the Bond fund which do you think is better in terms of interest accrued.

seglad2:
There are these Turkish made panel door, they superb. And more more durable If u get the original.

Please how doi get these Original Turkish panel doors?

buJu234:


I dont believe this scenario can work in Nigeria worst will b $$$ withdraw restrictions..

Why not?

seanwilliam:
this life sha.. na money person dey use find money ..I see one bro up there wey one invest 5m..if I'm not mistaking, by the end of the year, he would have like 500k to 600k as gain.. which that might take care of him house rent or start another business self.. the question now is how person one gather 5m in this Nigeria nitori oloun.. coming from a shaking background, after settling bills and other stuff.. how u one gather 5m extra.. would appreciate una input abeg.. put us through ...

In addition to all the advice above, save a minimum of 10% of all your income and invest it every quarter. If your rent is more than 20% of you income, then you are living above your means.

Nnamz:

So being married gives you licence to be unfaithful to your partner? Well done sir.

I won't comment on this subject again. Anyone that wants to be a dog should go ahead.

No need to insult anyone.
Just make your point and move on.
Calling someone who is justified by his religion to marry more than one wife a dog, is an insult and I think you should apologize.

emmanuelewumi:
Between the third and fourth quarter of this year, some people who invested in most of these High Yield Investments will realize that they have invested in a Ponzi scheme by then the bubbles would have bursted

It will be on record that they were warned and history will vindicate us.

olujaidi:


Televisions should be safe in the long run

He meant TB, but the joke is well received.

dharpzee:

Hello oga, you dont need to look for stockbroker in benin, when you can easily get accross or open account with MERISTEM STOCKBROKERS LTD, kindly log on to www.meritrade.com and open an account and from there you can get across to our team of expert who can help you, where ever you are.

Well, I have a lot of share certificate I need to dematerialize, and a lot of unclaimed dividend going as far back as 10 years ago. I'm tired of filling forms and sending by mail or scanned copies. They are never replied.
I bought some shares through Morgan capital and still I can't get my dividend despite filling all the papers and sending them by post since they no longer accept scanned copies.
I can't travel to Lagos just to submit transfer forms or e- dividend forms. What other options do I really have?

I need a reliable and trustworthy stock broker in Benin City.

igbizen:

You will pay
I do transfer every now and then from my Ecobank to my first bank

Well I am only charged transfer fee and not stamp duty when I transfer money from one bank to another as long as the accounts belongs to me.

Yes you can have multiple accounts with a bank. I have 2 savings, 1 current and 1 Dom account with first bank.

Boyhood:

You did Before or After 12noon?

It was done at 7 am.

tipzy001:
Please I would like to clarify... When you say send money from one of my account to another... Assuming I have Access bank and Union Bank, if I'm to send #10,000 or more from my Union to Access, does it mean the stamp duty won't be deducted? Or your words mean two accounts within same bank. Thanks

As long as the BVN is the same you won't pay stamp duty.

Qassy4all:
Good evening
Who has been able to do online redemption on Stanbic IBTC money market during this lockdown?
And how long does it take?
Thanks in anticipation

I did on Thursday and I got my money that same day.

freeman67:



I got the number from StanbicIBTC bank customer care when I wanted to subscribe the period I opened my account with them back then. I was going to tell you to call them to get it but then I already have it so what's the essence. However, it concerns money and investment so if you are in doubt the best people to consult after this is Stanbic IBTC Asset/ Fund Management for guidance.

On redemption, it can only be possible online if you have set your security question and answer. The default online maximum withdrawal amount for an individual is N1m and can be increased to N2.5M.

So, how do you increase your maximum withdrawal to 2.5M?

tipzy001:
Thanks, it's begining to make more sense now. So every single credit/deposit I receive, it attracts #50 charge?

Yes, except when the credit is less than #10k or when you send money from one of your account to another. You pay #50 naira stamp duty for every credit that is up to #10k or more.

1) Titanic.
2) Sweet November.
3) Life is beautiful.

zohan101:
What ever choice you make, dont just use Stanbic IBtc...Cos it will take them a lifetime to set up the account and when you do, it becomes an uphil task to fund the account even when yiu have the money to do so..

So sorry. Never really had any serious issue with them for about 2 years now.
I funded my account at 11pm yesterday and by 3pm this afternoon it was reflecting in my account.

The app is working fine now.

Hmmmmm.
I think we should all read the millionaire next door and the next millionaire next door.
My friend working in Dubai is being paid 1.8m monthly and is planning to come back to his job here in Nigeria where he's paid 25% less because it was cheaper for him to live in Nigeria.
I just don't see what I need to spend 40k on daily. I live in my personal house in GRA, I have 24/7 solar power supply, my kids attend good Catholic schools, I have just two cars, sold the third a week ago for half the amount I bought it 6 years ago. I travel a lot and spend more money on buying fuel than anything else, on the average 70k a month.
I would same I'm comfortable on about 20k per day expenditure, even while budgeting.

dammy222:

Does FBN compound interest daily like Stanbic? Thanks for your response

You are paid interest daily but the interest is compounded every 3 months.

Franky826:


Thanks so much emmasoft.

Another thing please forgive this novice. Does accrued interest include weekends?(Saturday and Sunday) like does your investment grow even on weekends?

Yes it does.

feelamong:


The govt wants all of us to go and start Rice and Poultry farms.

Govt. Won't succeed. No be by force .
This fall is not the first time. It's a cycle. Lie low doing other things and come back when rates are 12% and above. My investment calculations are based on a minimum of 12% return. It is time to take more risk.

Manutd19:
Can I apply for stanbic MMF online?

Yes.
That's what I did.

Umarzy:


Okay, so it's possible to withdraw everything if i don't want to leave the Minimum of N5K

Yes.
Except your dividend which has not been credited to your account.

Umarzy:
Hello house, i was trying to withdraw a particular amount from my Stanbic IBTC MMF. The system declines the amount requested for and says '' The Minimum N5000 must be left in the account following a redemption''. Please, what does this implies?

You either leave a minimum of 5 k in your account or your withdraw everything.

skyangel:


I quite appreciate your response. But there is something about the rate of return I don't seem to understand & will the interest be credited quarterly like fg bond?
Thanks again

The rates are quite small and it varies depending on the number of years. Yes, you will get your interest quarterly.

skyangel:


I never knew it has existed for so long. I think I'm really enjoying doing naira tbs with them. I however do not understand what's with the eurobond. Any idea?

The Eurobond is a kind of bond investment ( like your FG bond) but you invest dollars and you get you interest in dollars. It was only added a few months ago.

NicoKator:
I-Invest app Users, pls how is your experience with I-Invest? I know they are licensed with SEC nd registered as Inter- Dealer Broker but I need your candid statement of facts, do they pay the capital + accrued interest at the end of the tenor? Is it timely? No issue? I have been using stanbic and Axa Mansard mmf but I want to put some into T-BILLS (I'm constrained because am away so it's not possible for me to walk into bank nd subscribe; that is why I want to use I-Invest). I will appreciate your kind response

I've used the app for about 3 years now. I've not had any problem with them.

Franky826:
Good morning everyone.

I hope to join this train soon. I'll be needing help and guidance. So I'm soliciting for maximum cooperation

This is really a wonderful family. Helping each other.

Read from 170-195 and I've been hooked.


Anyone successful in completing registration via email without needing to visit the bank please indicate and help a novice brother .

Also I've been seeing KYC form. From my little search it means 'know your customer' ? Please how do I get this form? I already downloaded the stanbic MMF form from their website.

Also I'll be needing the FBN own any help on that?

Cc @Emmasoft cc @enque cc everyone

Please I need attention

You can get all the forms you want online or send a mail to their customer care and they will send it to you. You fill, scan and send it back.
For your KYC, their are some documents like ID card, Phcn bill, signature, passport, etc, you need to scan and upload. Usually the app will tell you what to submit.

henrymor:
Thanks for the response bro. It's the secondary rate. But if it is 10% then the interest should be 180k. Or is there a way they calculate it?

The 10% is for a year. Half a year will give you half of the 10%.

ernie4life:
So I was doing a quarterly review of my portfolio and my numerous fund managers, I decided to track all fund performance for the last working day of September which is the end of last quarter, so below is a rank of how our fund managers performed that day.

For this quarter, treasury bills rate is dropping gradually and I don't see any reason for rates to increase anytime soon. I told a friend some weeks back that judging from the way that longer tenors in treasury bills was been over subscribed, that means the market anticipates drop in rates, if that is true that means rates for this quarter will be lower than last quarter

How do I get this Afrinvest Plutus fund?