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Investment › Re: Mutual Funds by emmasoft(m): 12:21pm On Oct 29

AncestralPowers:
Thanks for sharing this information...

But since OMO went public, the rates had gone down drastically 👎 MMF is almost better..

In fact, the profits of any investment or business that has already gone public is often minimal..

No wonder wealthy people dey hide success codes from the poor massess, after all, the poor masseses rewards are in heaven.. God why...?

Yes, OMO rates, like those of most debt instruments, are strongly influenced by MPR. The decline in rates is largely attributable to the reduction in the MPR. Another advantage is that the returns are paid upfront.

Although OMO is a good, low-risk investment option, I will personally always favour MMFs. MMFs' flexibility and liquidity make them my preferred choice, regardless of prevailing rates.

Ultimately, the choice depends on your investment objectives, liquidity needs and how long you can afford to lock away your funds.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 4:07pm On Oct 28

OMO is now available on Myinvestar app, powered by First Ally Asset Management.
Minimum starting capital: 10k

Investment category: Low Risk.

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Investment › Re: Mutual Funds by emmasoft(m): 2:15pm On Oct 14

TeamLeader:
Good day sir, I also greet the elders. Thanks for all you do here. I called the number and my account has been rectified. I put in 5k via BluNest website just to see and it shows on my wallet. In fact I don use am buy the Stanbic money market funds on the web. Now I have few questions sir

1. I intend to add up more money into it and after doing that sir what next?. Please I'm a newbie and if there's a thread on this before. I take God beg you kindly help with the link so I can read through.

2. The account provided when making deposits on the wallet carries by name. Does that mean that it is my permanent account for the mutual funds for everytime I'm adding up just like normal savings account number?

These are my concerns for now sir.

Thank you

@TeamLeader, you are doing well.

1. Funding your MMF account and learning about investments

To top up your MMF account anytime, simply repeat the process you used for your ₦5,000 deposit: fund your wallet, then use the wallet to fund your MMF account. Once the money is in your MMF account, you can sit back and watch your investment grow over time.

You are already in the right thread, so keep reading and learning from the many knowledgeable contributors here. However, always stay focused on your investment objectives. Some posts reflect personal opinions, preferences, or financial goals. A post may be correct but not necessarily applicable to your own situation. Learn to filter the information you receive and apply what aligns with your objectives.

You can also broaden your knowledge by visiting investment-focused websites such as Nairametrics and Proshare, as well as reading investment books, either in hard copy or online.
I have also sent you a PM; check and reply.

2. Understanding your wallet and alternative funding method

Please note that the account you are using is a wallet. Although it bears your name, this does not necessarily mean you are a bank account holder with Stanbic Bank. It is a personalised wallet used to hold funds for transactions, including funding the investment products available on the platform.

Alternatively, you can email Customer Care and request your personalised UBA account details for funding your MMF account. With this option, you can transfer money directly into your MMF account without first funding your wallet.

Keep learning, stay focused on your goals, and make informed investment decisions.

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Investment › Re: Mutual Funds by emmasoft(m): 9:55pm On Oct 12

seyisanya:
Hello all, apologies if this has been addressed before. I am curious to know why Stanbic Dollar Fund rate has been ridiculously low for a few years now. It is currently 0.12% while most others have rates between 5 and 7%. What could be the reason for this significant disparity? Thanks!

Rates of mutual funds irrespective of the currency largely depends on the underlying assets class rates and duration, the fund manager's selection of assets and valuation. It basically depends on performance of the underlying assets and these assets selction depends on the fund manager.
So what you see is the result of the valuation and performance of the underlying assets of the fund. You can probe further by asking the team (fund manager) to getting specifics about the valuation and assets performance of the fund.
By the way Stanbic has been noted for low rates in the past one year even with their MMF.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 9:35am On Oct 12

M M M MONEY

💰 WANT TO BUILD WEALTH? MASTER THE 3 Ms!

Making money is good, but knowing how to manage and grow it is what helps build lasting wealth.

🔥 MMM: MAKE, MANAGE & MULTIPLY MONEY!

💵 1. MAKE: Earn money by offering valuable services or selling products.

📊 2. MANAGE: Budget your income, control spending, and track your expenses.

📈 3. MULTIPLY: Save consistently and invest wisely to grow your wealth.

Remember, wealth doesn't happen overnight. Consistency, discipline, and smart financial decisions make the difference.

As the year draws to a close, various schemes will once again emerge, targeting unsuspecting investors with promises of quick and unrealistic returns. BEWARE! 🚨

Before committing your hard-earned money to any scheme, take time to investigate, understand the risks, and verify that the investment is legitimate (SEC-regulated)

A PONZI SCHEME IS NOT AN INVESTMENT OPTION!

Protect your capital. Verify before you invest. Never allow the fear of missing out on quick profits to cost you your hard-earned money.

Stay informed. Invest wisely. Protect your future

Remember, Making Money without Tears is our goal!

Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 9:34am On Oct 12

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Investment › Re: Mutual Funds by emmasoft(m): 9:34am On Oct 12

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Investment › Re: Mutual Funds by emmasoft(m): 12:24am On Oct 10

Oluseun234:
Pls can anyone tell me how long Stanbic IBTC generates account number for new customers for regular savings? I went there on Thursday. I thought it would be instant or within 24 hours and is why I have not added Mr Emmasoft just yet. I still need to go and cancel the fixed deposit as advised but the separate regular account I opened, no notification has been sent.

2. Is it a good idea not to apply for their ATM card? In fact I'm starting to wonder if this bank is worth it.

Thanks 🙏

Unless you wish to be a customer of Stanbic IBTC Bank, you don't need to bother yourself. Go there and tell them you have changed your mind and you don't want to proceed, then register for your MMF with the current bank account you operate and invest your money. If you wish to be a customer at Stanbic IBTC Bank, you can just open the account without applying for any product and operate the account as a normal savings account; card or no card is your choice; do what is convenient for you

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Investment › Re: Mutual Funds by emmasoft(m): 7:31pm On Oct 09

sbjosco:
Hi,

I am new to MMF and would appreciate some honest feedback on this.

1. If you were to rank the various MMF which would be your top 3? ranking based on returns, ease of setup and ongoing management, ease of withdrawal, etc.

2. Are Interest on MMF are accrued per day including weekends?

Thank you in advance.

Read some earlier pages of this thread, all your answers are there or reply my PM to be in touch.

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Investment › Re: Mutual Funds by emmasoft(m): 9:46am On Oct 09

TeamLeader:
Good Morning,

I greet the elders. Please I need help. Sometimes ago I went to open stabic mutual funds account but I wasn't sure if it was successful and ever since then I abandoned the whole thing because the process was too complex for me. Now I want to reopen the account and be running it.

Where do I start please? Can anyone help me with maybe the official Stanbic mutual funds customer care line or email.

Please pardon my novice. I still be jjc when it comes to mutual funds stuff. I'll be following this page closely to learn more. Thank you

02012805595

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Investment › Re: Mutual Funds by emmasoft(m): 10:12pm On Oct 08*

@Oluseun234, I hope you understand very well what @Freeman67, @Gotocourt, @t33why and others posted. Please be well guided don't let the bank change your investment objectives.

For any prospective investor, please note: the banking hall should be the last place you think of going when you want to start your investment journey.

In most cases, the people there are primarily focused on selling banking products especially fixed deposits, which help the bank retain your money and meet its targets.

If you must go to a bank, know exactly what you want before you walk in and insist on your choice irrespective of any suggestion from the officers. Don’t go there expecting comprehensive investment advice or guidance. In many cases, you may come out more confused than when you went in.

The experience of @Oluseun234 has also reinforced something I have consistently pointed out: the fact that an asset management company belongs to the same holding company as a bank does not mean the two are the same when it comes to your investment.
They are separate business entities, with separate operations and responsibilities. One does not automatically answer for the other. They are each running their own businesses and pursuing their own objectives. It is often those of us looking from the outside who assume they are the same because they share the same logo, colours or parent company.
So, look beyond the logo and colours.

Understand the specific company you are investing with, the product you are buying, the risks involved, who regulates it, who the custodian is, and what happens to your money if things go wrong.

It’s good thing you are here now. I'm sure you will learn more while here.

I tried posting earlier but kept getting banned these days. I also sent you a PM.

I wish you the very best in your investment journey.

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Investment › Re: Mutual Funds by emmasoft(m): 12:18pm On Oct 07

Zankut:
Has anyone been able to get past Prime Pro Trustbanc's profile update, please share how you did biko. 2 months plus now and no headway

@emmasoft, @all, Is it possible to have several MMF investments in FAAM? Like it's available on cowrywise and Stanbic too. Like in the screenshot

No, it's not possible on myinvestar app.
You can only subscribe to other products offered by First Ally shown on the app.

Investment › Re: Mutual Funds by emmasoft(m): 12:16pm On Oct 07

NJV:
This is the correct norrenberger app logo

Yes, the app is called norrenworld. Thank you NJV.

Use B5G5n on the app while registering to help my ministry. You can always reach out to me if you need any assistance while registering.

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Investment › Re: Mutual Funds by emmasoft(m): 12:13pm On Oct 07

Iamcute:
@emmasoft your attention is needed here please

@Iamcute, I have actually answered earlier but I keep getting banned and my post pull down. You can PM.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 11:46am On Oct 06

If you have difficulty starting your investment journey as a result of any factor or resistance, or you feel like stopping halfway, note the attached.

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Investment › Re: Mutual Funds by emmasoft(m): 10:19pm On Oct 04

CSblackpink:
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.

@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.

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 10:42pm On Oct 01

From the post 12 Things to Remember in 2026 (One for Each Month)

October – Remember the power of compound interest
Small, consistent returns can grow significantly over time when compounded.

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Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 10:41pm On Oct 01

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Investment › Re: Mutual Funds by emmasoft(m): 10:39pm On Oct 01

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Investment › Re: Mutual Funds by emmasoft(m): 2:36pm On Oct 01

Ogborokiri:
I placed a withdrawal on first ally last night till now I have not been credited this people matter don tire me

From some of the comments here, I will advice we take some time to understand how MMFs really work

For some of us, what we sometimes perceive as inefficiency in the operation of a MMF may actually be within the acceptable rules and expectations governing fund management.

It is important that we understand the fundamentals of how MMFs work and the expectations of the SEC from fund managers.

For example, practices such as:

- Immediate receipt of redeemable funds
- Reinvestment of accrued interest at the end of every month or less than a quarter
- Bringing naira to invest in a dollar-denominated fund
- Accepting cash or third-party payments

are not necessarily the norm in regulated fund management.

If an MMF is operated exactly like a bank account, then we need to ask whether it is still serving the purpose for which a collective investment scheme was designed.

Some fund managers may provide additional flexibility or alternative arrangements to improve the investor experience. However, these should not automatically be regarded as the standard operating model for all MMFs. Such flexibility may simply be part of a particular fund manager's operating structure, subject to regulatory requirements.

There are also situations where fund managers may have to provide explanations and supporting evidence to the SEC to demonstrate that investors' funds remain properly protected despite certain operational arrangements. Where such arrangements cannot be justified within the regulatory framework, the fund manager may ultimately be required to revert to the prescribed norms. For example Norrenberger used to accept naira for dollar fund when they started out as an incentive to help customers who are not able to get dollars but right now they can't do such anymore.

Some of the general norms investors should understand include:

• Redemption: Redeemable funds may take about 2–3 working days to reach the investor, depending on the fund's structure and applicable processes. This is SEC standard.

• Accrued income: Interest/income may be reinvested or paid out according to the fund's stated distribution or accounting cycle, commonly at the end of a quarter.

• Currency: Investors are generally expected to invest in the same currency in which the fund is denominated, subject to the fund's approved structure.

• Cash: Regulated investment funds generally do not operate on a cash-acceptance basis.

• Third-party funding: Funds are generally expected to come from the investor's own account, subject to applicable KYC and regulatory requirements.

The key notes:

An MMF is an investment product, not a bank account.

Therefore, we should understand the regulatory framework and the underlying structure of the fund before concluding that a particular process is inefficient simply because it differs from what we are accustomed to with our bank accounts.

Understanding the rules helps us distinguish between actual service deficiencies and legitimate fund management processes.

Let's be well guided.

Happy Independence Day to all.

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Investment › Re: Mutual Funds by emmasoft(m): 10:23am On Sep 29*

Onlinebiz247:
Abeg how una take they fund Stanbic mmf, the lady share this to. DETAILS OF FUNDING MONEY MARKET ACCOUNT

Bank account number 1023413552

BANK NAME: UBA BANK

Bank account Name :UBA Nom first trustees stanbic IBTC money market fund

Narration you will put your E account number that started with

This used to be the method of funding your MMF. It's no longer used. To fund your mmf, login to your app and fund your wallet and through it you fund your MMF account or use your personalized UBA account given to you with that you make transfer directly to your MMF account. You can contact the customer care to request for the personalized account if you don't have yet.

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Investment › Re: Mutual Funds by emmasoft(m): 8:34pm On Sep 26

Neurotika:
If we’re being honest, first ally’s handling of this downtime is frankly embarrassing. Investors shouldn’t have to rely on Nairaland to discover that a simple password reset is what restores access to their accounts…just because the company itself failed to communicate the solution. If you weren’t on Nairaland, you could still be locked out of your own investment today.

Yes, the regulatory design of MMFs gives some assurance of safety of investment, but that doesn’t excuse an operational failure of this magnitude. We all know downtime isn’t necessarily a big deal, but leaving customers in the cold to sort themselves out is a massive red flag. It’s doesn’t show seriousness at all. And I’m highly disappointed to say the least.

Your submission is noted.

Though I’m not trying to hold brief for them or excuse any lapses, the truth is that they actually communicated the upgrade and provided both a phone number and an email address in case customers encountered any issues.

Also, the restoration of access after the upgrade was not necessarily tied to a password reset. Some investors did not need to reset their passwords at all. For some, simply confirming their device with an OTP was enough to regain access without changing their password.

However, I had already reached out to my go-to person earlier this morning regarding the need for clearer communication, particularly around the process for customers to restore access after the upgrade.

Interestingly, yesterday’s experience with the First Ally app truly confirmed the saying that “to whom much is given, much is expected.”

I’m also very impressed by the level of engagement and the expectations investors now have of fund managers and financial institutions. This kind of feedback and engagement can help institutions identify gaps, improve their systems, and ultimately provide better services to their customers.

At the end of the day, investors are becoming more informed and more demanding of good service, and I believe that is a positive development for the industry.

Wishing you all happy investing week ahead and good returns for your portfolio.

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Investment › Re: Mutual Funds by emmasoft(m): 5:04pm On Sep 26*

Coolis:
Abeg, those of you that like to ask questions such as, which is the best mmf platform? there by getting responses promoting some platforms should stop it. Whatever info put out here is used behind the scene by people.

I recently joined First Ally from the promotion the company got here about two weeks ago as the best but the high blood pressure the system gave yesterday fit kpai someone lol.

First, l tried to check my investment, they said my password was incorrect, l checked the password carefully and tried to login again but got same incorrect password replied. I tried the 3rd times, they banned me for about 3 hours. At this point, l said they have finally got me again.

I rushed to this thread to see if others are experiencing same, l got a bit of relief when l learnt the system was under maintenance. I started praying and counting down to 7:55pm when l was told to login again. @8pm, l tried login in with same password l have been using for 3 more times and my account was locked again and l was asked to try again at 10:44pm. At this point, l said maybe l have been ran street by the platform. I came back to this thread again, this time, l started reading comments on password resetting.

I said today na today, na night vigil l go do like this so. But l slept off, woke up around 2am. The saying in the bible that, where a man treasure is, there his heart will be is a confirmed truth/fact. The moment l was awake, l rushed to first Ally, tried to login the 1st time, got incorrect password or email reply, l hit the forgot password button and was told a password recovery/resetting code has been sent to my registered email, got the code and entered and was asked to enter a new password and to re-enter it after which l gained access to my account.

The most annoying part is, l didn't even change the password. I entered the old password as new one and the system accepted it still. My question now is, is this what old clients have been going through and those of us just joining will be encountering each time first Ally is going to do maintenance?

Trustbank via cowrie, since l joined in January, not even for once did l encounter any hitch login into my account. I will conclude by saying, no MMF platform is the best. They all have comparative advantages over one another. Thanks for reading and attention to this matter

@Coolis, I understand your experience, and I agree that experiences like this can understandably influence how someone compares fund managers or investment platforms.

However, most of the time, when people ask, “Which is the best MMF platform?” the responses they get are often influenced by personal experiences. Someone may have had a very smooth experience with one platform, while another person may have experienced downtime, login issues, delayed transactions, or other challenges with the same platform. So, in that sense, what is considered “best” is often relative and depends on the factors being considered.

When it comes to the safety and structure of a Money Market Fund, however, I would be careful about using the app or platform experience alone to determine which fund is safer.

The important thing to understand is that your investment capital is not sitting inside the investment app.MMF is not like MDBs. The app is essentially a window through which you view your investment, initiate transactions and monitor your holdings and there are other alternative ways of doing this as well. The actual fund assets are held through the fund's structure, with the underlying investments managed by the fund manager and the cash/assets held with the appropriate custodian, subject to the applicable regulatory framework.

So, if an app is temporarily unavailable, undergoing maintenance, or giving you difficulty logging in, it can certainly be stressful, especially when you want to confirm that your money is there. But the inability to log into the app does not, by itself, mean that your investment has disappeared or that the underlying fund assets are affected.

For me, from experience, when comparing MMFs, I would rather look at the fund structure, fund manager, custodian, trustee, regulatory oversight, underlying assets, historical performance, fees, liquidity/redemption terms and other relevant factors, rather than simply asking which app gives the best user experience.

So I agree with your final point: there is no universally “best” MMF platform. Different funds and platforms have comparative advantages, and what one investor considers best may not be the same for another.

The key is to understand where your money actually sits and how the fund is structured, rather than judging the safety of the investment solely by the performance of the app.

Again, it's always good to ask questions, especially from the customer service center, to avoid unnecessary stress.
It was just an unavoidable maintenance/upgrade, and it's a one-off.

keep investing and keep learning.

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Investment › Re: Mutual Funds by emmasoft(m): 9:53am On Sep 26

AncestralPowers:
Its like mutual fund rates are now going up since CBN reduced MPR to 23%, Whats going on?

How Does a Rate Cut Affect Your Investments?

When there is a rate cut, or an increase in interest rates, it will eventually affect virtually every form of investment. However, the effect is not always immediate, particularly with money market investments such as MMFs

The reason is simple: an MMF invests in underlying assets, mainly TBills and CPs, and the existing investments continue to earn the rates applicable when they were purchased.

Therefore, following a rate cut, you may not immediately see a significant reduction in the return of an MMF. The impact becomes more noticeable as the fund manager begins to invest in new instruments issued at the lower prevailing rates. As the older, higher-yielding instruments mature and are replaced with lower-yielding ones, the fund's overall yield gradually adjusts.

The same principle applies when rates increase, the impact on an MMF may take some time to fully reflect because existing investments may still be earning the previously lower rates.

However, the impact of a rate cut depends on the type of mutual fund.

For example, in a rate cut environment, equity funds and balanced funds may benefit because lower yields on fixed-income instruments can make equities relatively more attractive to investors. As funds and investors move more money toward the stock market, increased demand for equities can contribute to a bullish market environment, all things being equal.
This can benefit mutual funds that have equities as part of their underlying investments.

So, there is no manipulation involved in this process. What investors are observing is largely the normal transmission of monetary-policy changes through different asset classes.

Apart from the above normal investment and economic interpretation of the effect of rate change, the investors themselves may behave differently and you can see a completely different scenarios, for example investors can still remain positive towards fixed income instruments despite rate cut.

The key lesson: don't expect every investment to react to a rate change at exactly the same time or by the same magnitude. The underlying assets, maturity profile and investment strategy of each fund determine how quickly and how strongly the effect is transmitted.

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Investment › Re: Mutual Funds by emmasoft(m): 8:12pm On Sep 25

bassdow:
this their disruptive updates don dey too dey frequent Ooo

All investment platforms have had to be updated recently because of the Dangote Refinery IPO and others. It's not peculiar to First Ally. Ordinarily, it's done at odd hours, but this could not wait, and alternative channels were provided so investors can have access to their funds or invest new funds, which is the SEC's standard rule of engagement

Investment › Re: Mutual Funds by emmasoft(m): 8:06pm On Sep 25

bassdow:
don't worry. with time, you would learn to LIVE with them. no much issue.

It's not like you have reasons or need to always need access every nanoSecond of the day.

Go ahead and remain with them. no fear

Service Restored

Investment › Re: Mutual Funds by emmasoft(m): 9:13am On Sep 25

t33why:
It's not an issue, it's a maintenance, its stated right there on the login page. Everything and everyone goes through maintenance, yes even the supposed infallible Stanbic, Your worrying about it will not make it end quicker, give yourself a rest

See notice from First Ally.
No cause for alarm

Investment › Re: Mutual Funds by emmasoft(m): 7:23pm On Sep 16

NJV:
ź
So pls which do you suggest is best for equity investment?

Personally I don't do equity or balance funds I do MMF and individual stocks.
Normally for any equity fund, it will do well once the stock market is bullish irrespective of the manager.

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Investment › Re: Mutual Funds by emmasoft(m): 7:21pm On Sep 16

dagbo:
am sorry to ask, why do you said have backup in Norrenberger?

I actually advice my clients to have at least two MMFs. You can check my post on how investors make use of MMF

So the backup i mean is that you should have with First Ally and Norrenberger. So one could be like a personal pension while the other can be for targeted savings for different purposes.

By the way I'm a Rep with both firms.

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