₦airaland Forum

RalphVwede:
Is there any particular period advisable to do a top up in order to get increased interest?

For instance, maybe exactly a month or 3 months or 6 months from time of initial investment.

Compounding is an automated process and is dependent on the amount of interest accrued.
So therefore, by waiting for a specific period to top up, you will be shortchanging yourself because every kobo of interest earned will be added to the next cycle of compounding , thus THE EARLIER YOU CAN TOP UP, THE BETTER.

Deep wrinkles =gutters

RalphVwede:
Thank you very much. It has been on compounding mode.

Alright... Enjoy

yak:
thanks Bro. the way this thing is going down eh

I swear Bro, it's the capital market in general, interest rates are really going down, even treasury bills...

Akị and Pawpaw...

OK

GistMore:

OK

OK

yak:
what's the latest rate for stanbic mmf

12.3 right now

umulobi:
Stanbic Ibtc MMF site and portal are undergoing maintenance. There's no way to access their rate till Monday.

The portal is live now.. Rate as at 5:13 pm today is 12.3 for MMF

RalphVwede:
I opened an account earlier at stanbic and cannot remember whether I indicated interests should be reinvested or not, how can I know as this stage?

There are some methods :

(1)You can know by logging into your account, via the website (not the app).
Then check your subscription column, if you only have new subscription or top up subscription(s) under the column, it means your interests are not compounding.
But if part of your daily interests are added under your subscription column(with specific dates), it means you are on compounding.

(2)check your net inflow, if the amount you see is only the amount you used to open the mutual fund or the total of all your top ups plus initial capital, it means you are not on compounding.
But if your net inflow is higher than your initial capital plus all your top ups, it means you are on compounding.

If after all you discover you are not on compounding or this method doesn't seem clear to you, just apply for a dividend mandate modification via email or phone, and request for your interests to be reinvested.

OK

kaycodes:
Thank you. Will start with Stanbic and e-mail sent to ARM. Will run a parallel fund and see which one does better and then consolidate.

You are welcome... Your plan is good.

Jeez2:
seen, thanks again.

Alright. You are welcome.

kaycodes:
Please kindly send a copy to kacy2luv@hotmail.com

Do you have an idea when these investment houses do their compounding?

1. Stanbic IBTC
2. Arm
3. Investment one

I'll await your response to move forward with their MMF

PDF sent...
I will answer for number one. Stanbic ibtc mmf has recently switched from quarterly to periodic compounding.
According to them, the periodic is better than the quarterly because the compounding now occurs more frequently.

For ARM maybe you could send them a mail for enquiry.
For investment one, I will mention ernie4life to put you through.

eamodu:
Good day house... How can I start investing with investment one? Is it by going to any gtb bank or online? Someone should Pls share link if it's online... Thanks

ernie4life kindly come through on this..

No sir, T.B Joshua is still more genuine than you are...

Thank God for his loss... May he continue losing more until he commits suicide...

OK

For new and prospective investors, always try to go through the pages of this thread, most of the questions that may arise would have already been treated in the previous pages.
Please pay attention to page one where the boss ernie4life did justice to the various types of funds and their ratios of portfolios.
Try to always do a diligent research on the various types of funds available, to know the particular ones that would meet your long term or short term goals, in proportion to your risk ability.
You should also do well to check the following about the fund you may be interested in :
Performance history
Price history
Year to date performance
Portfolio distribution
Average yield rate, etc

xynerise:
Relationship is scratch my back and I scratch yours. Centiris paribus

No mind them, na stinginess dey worry them..

xynerise:
No, she is not. Read your points again

Exactly

xynerise:
They believe God designed them to be on the receiving end

Don't mind them and their double standards...

XhosaNostra:
Only if there's a crisis, since lending money to a man, kinda makes him look like less of a man.

For me there's pride attached to money issues. I don't borrow money from people as a rule, because I feel ashamed. It makes me feel like a loser & I don't like that. So I guess since I have negative feelings about it when I'm at the receiving end, I tend to project the same feelings to everyone out there with a begging bowl

Well said... Same here

mxpinky:
are you the type that depend on your girlfriend ?

Far from that.I was only making an analogy, or are you naturally very stingy?

mxpinky:
is it even good to give him
because of stories that touch ?

Don't guys give their girlfriends money even though there would always be stories that touch

ANSWERS :

1).It is 'very' ok for a woman to give her man money, if he needs it and if she has it, just as it is always ok in the eyes of the women, for their men to give them money for all their needs and wants, even if it involves him stealing or borrowing.

2).The impact it has on the relationship is that it doesn't guarantee that the relationship will last forever,just as giving a girl money will not stop her from leaving or cheating on her man when she meets a richer guy.

Jeez2:
Jennyjizu@gmail.com Thank you.

Sent... You are welcome.

The topic just weak me...

RoyalBlak007:
Where is the

[color=#D5A215] Mikel of 2005 please? [/color]

Are you still the way you were 13 years ago

OK

eamodu:
So you mean one can start with 5 thousand Naira in the after mentioned of (1) and (2) below?
quote author=eezeribe post=68867321]
If you take time to go through the thread, every question you asked has been answered so many times, but I will give you a summary...
You can start with as little as 5k, or as much as your networth.
1)mutual funds are good for long term investments...
2)Stanbic, investment one, ARM, AxA Mansard, FBN holdings, etc
3)Interest rates are calculated per annum, investment could be monthly or one time depending on your goals...

Yes. The minimum starting capital for some mutual funds such as the stanbic ibtc mmf is 5000 naira.