₦airaland Forum

IamtrulyBlessed:
Received with thanks.

You are welcome...

IamtrulyBlessed:
Please send to tonex.eos@gmail.com Thanks a lot.

Sent...

beegurl:
So if I use the quickteller option that's all? Don't I have to send anything to stanbic??

No, you wouldn't have to send anything because the link contains a procedure that includes inputting your account number which automatically indicates a top up.

Venue in English :You are all very stupidd to think of any party.
Venue in Chinese :你们都非常愚蠢地认为有任何派对。
The Op has abused Nairalanders.

kelvyn7:
the way rates are falling ehnnn... I just hope it goes up again soon...


Stanbic currently at 12.27%

Our Economy is going right, the rates have to naturally go left to attain 'equilibrium'...
That time the rates were as high as 18.5, The Economy was still doing press up to start the race back to the ' top'.

Dfavouredone:
Received with thanks.

You are welcome

She must be carrying an elephant or blue whale in that womb.. It's so large.

Dfavouredone:
Thanks bro for your encouragement.

You are welcome Bro..

Dfavouredone:
Please send this to me.
favuor1234@gmail.com
Thanks and happy Sunday.

Sent...

Dfavouredone:
Thanks so much bro for the clarification.

It's safe therefore to start with MMF as a beginner and also as Balance Fund is not performing better at the moment.

Starting with MMF is not a bad idea at all, at least you could gain some valuable experience and 'know how' at the lowest risk possible, while watching your capital appreciate.
Considering the initial capital you intend to start with and the number of years, (from your previous post), I think the MMF will not disappoint you.

TeamLeader:
I'll love to have a copy sir. My email dnextdiamond@gmail.com Thnx and happy Sunday

Sent.

Dfavouredone:
Good afternoon to the mutual fund gurus. I have patiently read this thread from the beginning. But I will like to ask some few questions.

1. I observed that the interest rate of top mutual fund managers does not differ too much, so besides the rate, which of:
(a) ARM
(b) Stanbic IBTC or
(c) Investment One, is more suitable to invest in base on:

(i) Good customer service
(ii) Transparency
(iii) Ease of tracking your investment
(iv) Ease to top-up more funds and cash out and
(v) Pay tax-free interest and quick compounding interest to original capital (not waiting till quarterly).


2. Secondly, people here have constantly held the position that Balanced Fund is a better investment choice than MMF for long-term investment even though the interest rate for Balanced Fund is lesser than MMF, can someone explain why. I have attached and asteric the interest rate for both Balanced Fund and MMF for two mutual fund managers (ARM and Stanbic) as at today.

To help me get quality advice, my investment plan is long-term (Maybe 7yrs and compounding the interest) and maybe spread 5m across different of fund type.

Experience gurus, help me with advice to help me optimised my portfolio. THanks

For your number one question, the three investment houses you listed are all very good and offer your options in (i) to (v).
It's good if you make your choice based on personal convenience.

For your number two, as regards the dichotomy between balanced fund and money market fund...
It depends on what you want as an investor...
The balanced fund has a higher ratio for equities than the money market fund,and you know, higher investment in equities could mean bigger profit or bigger loss in the long term, depending on your risk appetite.
The money market fund is highly conserved and specially tailored for people with low risk appetite, who still seek capital appreciation.
The risk of capital erosion is not the same in both funds...

Hello prospective investors, if you are interested in opening a Stanbic IBTC Money market fund, if you need guidance on how to fill the form, I have a PDF copy of an already filled form from STANBIC bank herself, the form serves as a guiding template.
It is free of charge. Happy Sunday.

Nategaoo:
I've come across several of your comments and it's always struck me odd because youve made examples that this audience would not naturally be familiar with. Are you a forigener or do you watch alot of TV?

It's like you don't have TV in your house

Current yield for stanbic ibtc mmf is 12.27% as at 9:09 pm today

Olanna45:
Hi, good evening, please I sent you a PM, I need someone to put me through on the Stanbic ibtc mmf.

You are welcome. I will respond to your mail right now

beegurl:
Yes. I have been using the app since last year and top upup by going to the bank. Can u ouput me thru pls

The fastest top up online is through the quick teller option.
Once you login to your account dashboard via https://www.stanbicibtcfundsmanagement.com
Click on top up and follow the link.

Or you follow the direct link :http://www.quickteller.com/siaml

But if you want to use the mobile app, you will do a transfer to
Account name :FIRST TRUSTEES /Stanbic IBTC Money market
fund
Account number :9202476223
After which you will have to send your transaction ID /reference ID to mutualfunds@stanbicibtc.com (although this option has become obsolete)

But it's more advisable to use the quick teller option for online top up.

The man don take style old....

All the lovey dovey ends on the wedding day... After a while, it becomes mama and papa Emeka...

beegurl:
Good day everyone, I need help on how to increase my funds on stanbic app pls

Have you registered your funds account on the app?
You can actually top up via direct transfer from the app or quick teller...

Ugosample:
I see

I have been reorganizing my portfolio sha

Made enough free money via mmf

Time to take risks by going into the equities direct, as well as buying the equity and balanced funds of good fund managers

Not a bad idea at all.. In fact, the 'real' money is in the direct equities if you manage your game very very very very well.
I wish you all the best as you take another step...

Ugosample:
I just made a switch to AXA Mansard and Investment one


Looking to invest into the Vantage Balanced Fubd for investment one, and Equity fund for mamsard, and invest small in the mmf there too because the rates seem good

But since I credited the a/c online, my accounts have not reflected till date


I hope there is nothing to fear my people

Any one with experience with these investment houses should also be shared pls

thanks

Have you contacted them regarding the issue of your account not reflecting? and how long has this been?

Ugosample:
Are you involved with the stanbic balanced fund?

No, the money market fund and others..

osasuwa011:
Pls house, is it possible to invest in MMF online without going to any of their branches. If yes, someone should pls send me the link on how to go about it. Thanks

http://www.stanbicibtcfundsmangement.com/
http://www.quickteller.com/siaml
You have to download the form, fill it, scan it and send via email to mutualfunds@stanbicibtc.com.
To make payment, use the quick teller option or direct bank transfer to :
Account name :FIRST TRUSTEES /Stanbic IBTC Money market fund
Account number :9202476223
You can still open via the mobile app, but some options are limited.

Emmy2018:
Hello house, i appreciate all the good work done by all here. I will say i have really gained a lots.

However, i have observed that most of the discussion here focused mainly on ARM and Stanbic, what about other house like FBN, coronation etc?


Also, this investment on MMF can one live it for a long term like say 10-20 years?

Thanks

You can hold your investment in MMF as well as most other capital market tools for as long as you want,provided you are monitoring your investment and making sure that your initial capital at least, is not eroding.

yak:
I noticed that too. what's the current rate on mmf

12.34% for stanbic ibtc mmf

yak:
how do they do it now?

Periodic, sometimes once a week, sometimes twice in three weeks, depending on investment tools.
Between may 17 and today, the compounding on my account has occurred 4 times...
But this periodic compounding is a function of the amount of interest earned.

AbbyE:
Stanbic no longer does quarterly compounding of interest

Thanks for the correction, I actually wanted to type periodic compounding...

coolangel54:
Does Stanbic IBTC do it? Seniors who are in the house please help out, this is money matter. I DON TIRE FOR PONZI

Of course YES , stanbic does periodic compounding of 100 % of your interests.
Further more, stanbic recently introduced daily compounding up to 7% of interests accrued from selected investment tools in the money market fund.

coolangel54:
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]

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

coolangel54:
Can you please explain "compounding' for me in a layman's language. Also, what charges apply? I am about to start with 100,000.

Quarterly Compounding means that all the interests you earned after every three months would be added to your initial capital in the next quarter.
Example, if you invest 10k and earned 300 naira after three months, your new capital in the fourth month will be 10300 naira, and your interests for that next three months will be higher than the previous 300 naira...
Charges are the fund managers fees... Between 1%—3%...or thereabout.

TeamLeader:
Thanks sir's.

Though someone introduced the mmf to without much info and based on what i've been seeing i think its a good investment to put money on.
And for now i'll like to start with 20k.

Here are my questions
1. When should I be expecting interest on the 20k? Monthly, quarterly or yearly?

2. How much should I be expecting (Help me do the calculations abeg)

3. Between stanbic & arm which one is better or is it advisable to invest in the 2 simultaneously.

4. What are the necessary steps to take when starting?

Please explain in a layman language. I no too go school for big grammar like that.

Thank you

I will answer your questions as e dey hot.. Lol

1)interest starts accruing after 24 hours, meaning that your interests grows everyday, but you can only withdraw after a minimum of 30 days...

2) if you invest 20k at 12% per annum, your profit after one year (excluding compounding) would be 2400, equivalent to 200 naira a month.

3)I operate with stanbic ibtc and they are really good, moreover you can always resolve issues through their nearest branches in your location.

4)www.stanbicibtcassetmanagement.com
Visit the site, download the account opening template and go through it, then you can either invest online or through the nearest branch in your area.