michael132:
Pls . Those that know how n where they invest genuinely should please help

Stanbic money market fund with rate above 10% is recommended. Capital and interest guaranteed.
Click the link on my signature to open account online.

Jerekre:
Please what is the best way to consolidate different stock broking accounts? They have different CHN, it's too expensive selling from one house and buying same stock in another, and 1 of the firms is no longer active. Is there a way I can move all of them to one house?
I also noticed that I receive more dividends than my number of shares (for GTCo). I suspect that maybe I didn't receive one of the share certificates then when they were issuing bonus shares. How do correct the number of shares on my CSCS account?

Please note that what you wish to do is possible.

Two ways to consolidate for the stockbroking firms that are active.

I will give you the best since that is what you want.
First make sure your KCY is updated in each of the firms that are active, then pick the target stockbroking firm ie the firm where you want all your stocks to be domicile in and intiate an inter member transfer process.

They will give you some forms to fill including KYC sometimes. In collaboration with the target firm, you will meet the residence firm ie the firm you are moving stocks from they will do their part of the process and together with cscs, all the stocks will be moved to the target house.

For the house that is not active, the target firm will give you another set of requirements which will involve you contacting cscs to get your statement of the stocks in the non active firm.

Once the relevant forms and requirements are met, the stocks in the dead firm will be moved to the target firm.

Note: the requirements are what an average investor can get and all the processes described above have some fees attached.

The whole process can be done max three weeks or less if you devote time to it.

For the GTBank shares, visit Datamax registrars with a means of acceptable ID and complain that your shares in your cscs is less than what you have and that you wish to know your holdings.

Definitely the registrars has the accurate number of units you have.

Once it's confirmed, they will most likely issue you a demat form which you will now take to the target stockbroker to process it into you consolidated cscs account.

If your target firm is investment One it makes the process a bit easier because I will be involved. Otherwise you can still achieve it even if investment one is not among the firms you are dealing with.
It's a standard regulatory directives and processes

emmanuelewumi:



Mine was approved same day

Yes it's a possibility one has to play safe from experience as per sales and marketing.

seyisanya:
This is like a foreign investor that's interested in investing in Africa, then turns to the president of Nigeria and asked: which of the African countries can I invest my money?

Wetin u wan make His Excellency BAT tell am?

My oga @seyisanya this thing na mutual benefit nah you sef know. inflows must enter for ministry to go forward while helping others.

yeddy99:

well done,sir.
do you know if morgan gives out such loans? can you kindly list brokers you know that does so?

Come over to investment one stockbrokers.
Click the 3rd link on my signature to open account online. You account will be ready in 72hrs if no kyc issues.

Dave2011:
Good day emmasoft et al, if one wants to invest N15m in Mutual fund, which investment firms can give the individual the best ROI and the rate?

I will give my suggestion with the following assumptions
That you are a Conservative investor, you want to have capital guaranteed and possibly interest,
Going for long term and want a sec regulated firm.

Base on this I suggest you do mmf and fixed income fund. 60% mmf and 40% fixed income

I recommend Stanbic ibtc money market fund with rate at 10.28% and reinvestment every month.

SFS fixed income fund. Rate at 11.04% and re-investment quarterly.
For both, interest is earned daily.

To open account for each click the link on my signature.
You can also call me with the numbers displayed if you need further clarifications

Dave2011:
Good day, please what investment firms have the best Mutual Fund rates and the rates? Thanks so much in advance!

Your question is too wide.
You need to be specific as per what you really want.
We have so many mutual funds and Fund managers with different underlying assets, fund sizes and different operating conditions under sec supervision and moreover this is stocks thread you can go to mutual funds thread perhaps after going through some pages you will be fine.

Prospective Investment One customers

Please for those who which to come on board Investment One stockbrokers Platform

Kindly note that the app is not the first thing to download.

It's advisable to first register to open a trading/cscs account and get your account details.

You can do this by clicking the 3rd link on my signature for online registration.

Login to your account on the web and do your change of password, If possible do a transaction.

Then download the app and sign in as an existing customer with your login details
Once you follow the above process, the use of the app will be seamless since it will automatically be tied to your trading/cscs account.

If you download the app first and try to register there could be issues particularly that of having your cscs because the app is not only used for stock trading it's a one-stop shop for financial services - savings, bill payments, airtime purchases, etc,

I'm available if you need further clarification. See my contact as displayed.

Akin2910:

Ok Thanks
How do I go about signing up?
Emmasoft

@Akin2910 to sign up very easy,

Click on the 3rd link on my signature and complete the online form.

If you do it now or tomorrow by Wednesday if no kyc issues your account will be up and running, thereafter you can fund your account with whatever amount you have to buy stocks from the comfort of where ever you are in the world.

Requremenrs for registration:
1. passport photo
2. ID card any of in'l passport, voters card, NIN slip
3. utility bill not older than 3 months which can be any of these: NEPA bill or receipts having your address, LAWMA receipt if you are in Lagos, tenancy agreement or first page of your bank account statement, or even NIN slip if it's not what you use for ID
4. your signature.
Everything is done online, a physical visit to the office is optional or at your convenience

As usual you can reach out to me on the numbers displayed on my signature for more guidance if needed.

Thank you for your patronage.

Fyabdul:
Good morning all. Please how can I save my 5million and get more interest.
I have an account with First Bank and Stanbic.
I've been reading sukuk bond but don't know how to invest. I thought of i-invest but their rate is 6.9. Please I need a help.

SFS fixed income fund is good currently as at today rate is 11.04% and rate is relatively stable. It has not done below 11% in the past 9 months. You can opt for reinvest option for your dividend and continue to compound as long as you wish.

Click the link on my signature to open account online. You can monitor your investment online as well
Chat me up if you need further clarification.

Olaide1295:


I filled the form June 15 and got an email with subject "New Account Submission" which said my submission is under review.
Nothing since then. Thanks.

Really that should be Thursday last week so at worst ur account suppose come out Tuesday evening or early morning yesterday.

I just hope no kyc issues. Don't worry I will get back to you tomorrow by God's grace.

Please if you don't mind you can chat me up as well.

Olaide1295:

Chief, my emails is olaideolabode@ymail.com
I opened InvestmentOne account through your link, but nothing yet.
Please copy the email, i'll remove shortly. Thanks.

Copied. Pls which day did u fill the online form?
Ordinarily all things been equal in three working days your details suppose to be in your inbox.
As preliminary check, kindly check your junk mail box sometimes notifications may go there.

I will definitely follow up tomorrow to know reason for the delay

Apologies for the inconveniences

kelvyn7:
Axa Mansard Mutual funds interest rate is now 16.78%, abi na my eye dey pain me? 👀

Currently, in the industry, the highest net rate for MMF is not up to 13%. Check again and be sure the rate you are checking is for MMF and not other mutual funds.

locodemy:


That's for buy Nah.
Though what we need in this business is transparency and efficiency.

Of course, everything is open. Technology has helped in that regard. Brokerage commission is the same for both buying and selling.
Please note all other charges are statutory and go to the regulators. It's only the brokerage commission Ione has power over.

Ginalex:
What are your brokerage charges like?

1.35%

locodemy:


Okay, every new account is activated for DCS.
It's left for you to deactivate or continue with it.
I always opt out because of my nature of trading.

Hope their customer care service is okay.
I see their platform as almost do it yourself.

Oga Locodemy please come onboard Investment One everything u need dey there and don't forget to use my link o

Make you join those wey dey help my ministry.

Meanwhile, all your answers from all the different contributors - @ymcy56, @otomatic etc are correct on DCS (Direct cash settlement) ie cscs dealing with investors directly as per proceeds from sales, and DMA (direct market access) ie ability to cancel trades during market sessions.

Investment One gives DMA so you can place and cancel orders during trading hours. However, you will need to request after your account is opened as already pointed out by one of the contributors.

Please note that all customers can trade online without DMA, the only difference is that a customer with DMA can cancel a trade he/she is no longer interested in during trading hours while a customer without DMA can only cancel a trade between 4pm and 7am.

Foundationchamp:
Hello everyone,
I am new here.
I have few questions

My Dangote flour mills shares payment has not been made by the registrar. Crescent registrars keeps saying it's until SEC approves it. This has been going on since early last year. What can I do about it

My second question is I have IBTC share i bought during their IPO, I want to sell it but my broker UNEX capital says it not with them since I bought it myself. I collect dividend for it directly in my account. The question is how can I sell the shares I didn't buy through a broker.

Thanks

The shareholders of DFM have been paid off for about three years now or so by Olam. I guess that is why there is a bottleneck. Actually, it can only be done through the registrars so you just need to be on their neck.

For IBTC shares since you bought from the primary market, you suppose to have the certificate. If you don't have it, visit First Registrars with your means of identification to complain of no certificate. At the registrar's office, you will be given a form to be processed by your broker. When they are through with the process, you will have the shares in your cscs account and will be able to sell yourself if they have an online platform or you give a sell mandate to your broker.

Olaide1295:

Registered using the link last week, no response yet o.

Please chat me up so that I get your details to know the reasons for the delay. You can also check your junk mailbox, it's possible the details could be there. Normally it takes 72hrs. Those that did over the weekend got their details already.

locodemy:
@emmasoft @ investment one

Can one be able to fund his stock account with card and it reflects without notifying the broker about payment?

Secondly, Can one withdraw money from his account online without notifying the broker about withdrawal?

I need to be clarified in these two issues which are so important in my trading culture.
Thanks

@Locodemy thanks for your interest in Ione. Everything as posted by @Geovanni412 is true.

Please use the link on my signature to register when coming onboard to help my ministry o.

MeezPat:
Please which other brokers offer a real time view platform like Morgan capital.Trying to open with another broker but i want a platform similar to morgan....

Investment one stockbrokers will give you exactly what you want.
Click the link on my signature to open account for free.
Since you already have a CHN supply it in d space on the form.

Geovanni412:


You can open an acct with investmentone- it is owned by GTBANK.

Or

Quantumzenith - which is owned by Zenith Bank

Any of the two will do.

@bits4all you can come over to investment one stockbrokers. click the link on my signature to open account for free.
Once you come on board we can guide you through base on your investment objectives,
My contacts are also there call/chat me up.

Some ways MMF can be useful

1. A safe way to keep cash with capital guaranteed
2. Sure interest even though with a low rate
3. Saving for targeted item or project
4. Emergency fund
5. Acting as collateral for loans (asset banked loan)
6. Proof of funds for embassies

machine606:
Greetings,

I saw some people commenting on the new investment One App. I noticed it last week too. However, I am stuck at funding the wallet (either for stockbrokering or fixed deposit). Aside using card (I usually don't use ATM to fund account) and GTB token, how do I fund my wallet? Like is there no account details to transfer funds and how is their processing time. I would love to compare their services with my current broker (chaka). Aside recurring down time (and some minor stuffs), I am quite okey with Chaka.
Want to test IOne because of asset back loans I saw some Ogas discussing of few weeks back.


On Cap Plc, pls has anyone received dividend income. I got two mails from AfriPrud confirming dividend deposit while I have not received any. I had to even check using bank mobile app.

As regards testimony. I would love to thank every here for their input since I started following the Thread my portfolio met a significant busstop/mark. Not minding the 'skekilin amount', it's a significant for me considered starting point since convid 19.

@ sisMCy, I evaluated my trading over two years, I now admit I am more (95℅) of a trader than investor, with little patience like Loco. Lolz.

To get the best from the new investment one app, I will advise you to open a regular stockbroking/cscs account, once you download the app it's automatically linked to your trading account and you will be able to trade on the app or the web.

Most times I advise clients to fund their trading accounts using the normal bank transfer with their bank app or internet banking with no extra charges apart from the normal bank charges but with a card, you pay some extra charges because a third-party payment system is involved.

You can client the link on my signature to open an account and thereafter download the app seamlessly you will have automatic linking to the trading floor through the app.

There is a GTBank account you can always transfer your investment funds into for your trading. Check the attached file to this post to see various method to fund your account. The one I use personally is the GTBank.

veecovee:


If she's there, then we are going to N3 very soon

Hmm! There is much diversity in unity o.
Thread carefully.

ololufemi:


I suggest that dividends not paid into the client's bank account should be credited into the client's stockbroking account balance through which he bought the shares, pending when the client is able to access these funds via his stockbroking house.

This suggestion is good but it will be difficult to implement because not all shares were bought on the floor of the NGX.
Some were bought during primary market activities.
Many that bought from the floor have no proper kyc documentation, not only that some of the firms have gone under so it will be difficult to trace.

I think the method they are trying to use now is good started about two years ago just that many registrars are not up to speed.

What SEC in particular is aiming at now is for proper kyc documentation for existing investors and at the point of entry through the stockbroking firm with details transmitted to CSCS and the registrars.

We hope this work. You know Nigerians both individuals and corporate Until one policy will come to shake them compliance is very low always.
I believe we get it right some day.

Princefame1:
My Ogas, which App do you use for buy stocks? I am a newbie and I want to start investing.

I am also interested in being directed to resources I can read or listen to that will improve my economy and investment knowledge.

Thank you.

As a newbie, I will advise you not to jump because of what you see currently in the market. Take time to read and seek knowledge, since you are already here it's a good way to start reading. read, read! read o. Stock investment is a marathon, not a sprint.

Part of the knowledge and how to equip yourself is to open a stockbroking account from a regulated firm and you can now link the acctount with their app or web portal to do your trading.

Some folks here always have one or two issues because they always go to apps before actually going through the traditional cscs account opening.

You can click the third link on my signature to open a stockbroking account with Investment One Stockbrokers Ltd
You will also have the opportunity to be tutored on how to navigate the NGX.

Adeoye11:


How come am stucked in the otp reg on the Stanbic link

I'm talking about Investment one, not Stanbic

coinbrood:
Please guys where/what platform can guys outside the country trade stocks

You can open an account with Investment one stockbroker and have access to NGX trading floor anywhere you are in the globe.

We have many diaspora clients as we speak.

To start click the third link on my signature and register online.

Tranquility2345:


Which kain amateurish advice be this? Oga instead of me to put my money in those useless naira instruments, I swear I will rather chop life with the money. I have learnt the hard way.

If you must invest in naira instruments, you are better off taking much greater risks in the real sector and hoping for huge returns or losing the money and knowing you tried.

Imagine saving all your retirement in these useless instruments, only to find out that your money can only last a few months. Is it not better to blow it now?

Life is full of choices and there are opportunity costs attached to all choices.
If your choice helps to meet your objective by all means stick to it.
Thank you.