₦airaland Forum

farydah:
Good day, can I open stanbic mutual fund for my kids online?

You can open an account for minors using the account opening form method.

Get in touch.

jedisco:
Not against the narrative of your post but it makes me wonder.

Over the past years whenever rates shot up, we had people chorusing how that was the best for the Nigerian economy saying it'd bring foreign investment. When questions were asked where the money to repay would come from, it was rebuffed. Now the rates are dropping, another group is telling us to be happy. Just wondering how we marry the two.

Secondly, if rates start to rise in say 1yr under this government what would folks now telling us low rates are good say?

@Jedisco your observation is correct, the truth is that both regime are beneficial but the low rate regime is better because it actually means better value of your currency. The high rate regime benefits those with so called hot money both local and foreign and generally the fixed income investors, low rate benefit is general even the man on the street gets the positve benefits. The equity investors are expected to smile too.

High rate means more money but low value, while low rate less money but more value.

So the high rate benefit more of those who already has money but the low rate cuts across all income levels even the government has some relief during low rate because the cost of borrowing reduces likewise businesses strive better since they can also borrow at low rate.

While high rate has some advantages particularly to some segment of investors, the low rate has better and it's prefered.

In all as I will always advice don't stop investing but you can always change strategy.

ogawisdom:
Paying dividends is not enough if capital won't grow. Most stocks that paid dividends have increased their stock price by over 60% since January but NIDF didn't move even during bull run.

Instead of NIDF just buy 10 years bond if you only want cash flow without capital growth. You are wrong on 23 should be less than 20.5 since January.

CWG I bought at 9 four months ago is over 18 now and may touch 25 soon.

If I had invested 10m it's over 20m in less than 6months. It's called capital growth

@ogawisdom NIDF is a closed-end mutual fund, not exactly like a company stock per se. The comparison with CWG may not be appropriate. Most investors who go with mutual funds want a stable cash flow and also want to enjoy the choice of an easily disposable asset when cash is needed. Hence, the consideration of investment objectives comes into play here.

ICEWIN:
Please house how do I invest in mutual funds? What app should I use

Click the first link in my signature to proceed with Stanbic, or the second link to proceed with First Ally.

You can also be in touch for guidance on mutual funds and investment generally.

You don't need cash to start.

Your passport photo, government-issued ID card, and a utility bill not older than three months are all you need to open an account.

enemerci:
Please my stanbic mmf was not credited yesterday. Or they do not credit over the weekend. Please someone should clarify to a newbie

If you mean crediting of your interest, that will be next business day which is Monday.

All interest earned on weekends and public holidays (work free days) are posted next business day.

However, if what you mean is that your deposit was not credited, it means you must have made your deposit after 12pm hence you will have value next business day (Monday) as well.

Alaska90:
Hello Mr emmasoft, Please what is your take on investing in MMF with Meristem and First Asset Management in terms of Principal security, rate, use of technology and customer services?

Please understand this: The safety of your capital in any MMF is the same.
Safety and security of invested funds are based on the nature of the fund, not the fund manager.

For example, MMF is safe anywhere, while an equity fund is not guaranteed anywhere, irrespective of the manager
Any manager/product that has the following:

Fund manager, Custodian bank, Trustees, and SEC regulation are good enough to do business with; other criteria of choosing a particular fund manager are more personal opinions, because what is not a big deal to one investor may be otherwise to another.

The rate is always in a range in the industry and valued daily, so in the long run, MMF is virtually the same as other considerations of each fund manager is applied.

As per my opinion, the truth is that I'm not a Rep to any of the managers you mentioned, and there is a tendency that my judgment might be subjective.
Norrenberger, Stanbic, First Ally, and SFS are the ones I handle.

Mikkyjay17:
Hi bro, please I want to start mmf investment, which bank would you recommend as a starter?

Thank you

You can click the first link in my signature to start investing in MMF with Stanbic.

Please note that banks don't offer MMF; it's a service of Fund managers.

You can be in touch for more on investment matters.

Don't let Low Rate Equals NO INVESTMENT For You

Rates are going lower and there is nothing you can do about that but there is one thing you have power to do - INVEST YOUR MONEY. Don't let low rate meet cash in your hands or bank account.

By the way low rate is actually one of the signs of better economy.

Remember to use my link or be in touch to help my ministry 😊

Happy investing.

Don't let Low Rate Equals NO INVESTMENT For You

Rates are going lower and there is nothing you can do about that but there is one thing you have power to do - INVEST YOUR MONEY. Don't let low rate meet cash in your hands or bank account.

By the way low rate is actually one of the signs of better economy.

Remember to use my link or be in touch to help my ministry 😊

Happy investing.

Kabawhat:
Maybe Stanbic then, as am typing this message this guy's are still yet to reply me fah


What type of business are this guy operating please

For Stanbic, click the first link on my signature, for First Ally owners of myinvestar app click the 2nd link and open an account.

Please note that the utility bill accepted by Stanbic is the one that bears your name; however, you can use your NIN slip or the front page of your signed bank account statement in place of the utility bill.

You can call the customer care of the other firm you are trying to contact. Most of these firms are more responsive to calls,

Kabawhat:
I’m uncertain about how long it typically takes for my MMF fund manager to credit my MMF account after a transfer. I use the legacy fund (FCMB), and it has been over 30 hours now. The customer service has been quite frustrating, as they rarely respond. I have sent an email and a WhatsApp message to the Assistant Client Administrator, but I have yet to receive a reply.

I guess am using the wrong fund manger seriously, time to switch to Gtbank

Don't go from frying pan to fire!

Risingcash94:
Thanks for your response. I totally understand and already knew everything you explained above. My point is the amount being charged by brokerage firms for their services. For example investing in tbills via brokerage firms attracts a 10% WHT and maybe other small commissions which I have never experienced when investing via banks. The only charge I have paid so far is custody fee which is usually not high at all. But these brokerage firms actually seek 10% off your profit. Correct me if I'm wrong though.
This is why I'm asking if the dollar funds can be done via the banks directly because I haven't invested in it before. Don't even know how it works but it seems a good idea.

Charges are based on the type of product and what is acceptable by the regulators - SEC

As already explained the business of fund management is done by Asset management firms or fund managers.

For mutual funds dollat or naira, the rate displayed is always net of management fees otherwise it will be specified as gross.
You can reach out if you need further clarity on how it works.

Coolis:
N487.09 daily interest on 990k almost 1 million, is it not too poor? I was expecting at least N500 interest. Please let me know what you guys think because l'm seriously considering changing the MMF operator.








uote author=t33why post=137023140]
It's not a scam app as it is provided by stanbic, you can verify that yourself from the about app. I believe it's the old version based on the last date of update. The 2nd one is the newer version

I recommend that we take some time to review the posts in this thread; many aspects of MMF will become clearer to us.

Risingcash94:
But can't this dollar funds be done via banks?
These investment houses charge high commissions on investments which takes away the beauty of the 'high rates' that they're offering.
Plus banks seem more reliable in terms of safety of funds. Correct me if I'm wrong though.
Thanks

One thing you should understand is that fund management is not part of the services rendered by MDBs.

Fund management is handled by Asset management companies sometimes they could be part of a holdco with a bank for example stanbic. whether they are in a group with a bank or not they are separate entities.

Fund managers are regulated by SEC and all they do is monitored by SEC. Whatever charges you think they charge is based on the nature of the fund and it doesn't erode your gains as you think.

Also note that your money is not safer in the bank than with the fund manager. The truth is that when you invest in a particular fund it doesn't mean your money is with them rather your funds are invested in the underlying asset based on the nature of the fund.

For example if you invest your dollars in Norrenberger dollar fund it doesn't mean your dollars are with Norrenberger, investors funds are invested in eurobonds which is the underlying asset of dollar funds irrespective of the fund manager.

Just like MMF, investors money is invested in Tbills and not with the fund manager, this is how all funds work. The money is never with the fund managers hence the use of a collection account.

bisiswag:
Anyone please?

For dollar mutual fund, Norrenberger dollar fund has the highest rate in the industry 9.26%.

You can check them out. Find the account opening form attached.

The form is for all their products, so just tick the dollar fund since that is the product you wish to invest in.

You can also be in touch.

ibechris:
Let me just take it that u posted this out of ignorance...investments proceed is now considered a loot. Ook ooh.

@ibechris, it's not ignorance, here on Nairaland, loot is humorously used to describe when an investor made tremendous gains, especially with little effort and invested funds. This is more common in stock trading/investment; I'm sure folks in the stock thread will not have an issue with the use of the word. It's not the dictionary meaning of stolen money
I hope you get it. Thank you.

Elui2:
Pls what does the auto invest in bluenest means ?

Does it means to automatically reinvest interests?

@Elui2, the auto invest is just a mandate you can set on your bank account that a certain amount from 5k or more be deducted from your bank account at a set date and invested into your MMF automatically.

All you need is to make sure there is cash in the mandated account. On the set date, you will receive a debit alert on your bank account and a credit alert on your MMF account.

The reinvest option is different. That is an option you pick to instruct the fund manager of what happens to your accrued interest.

Reinvest means your interest should be reinvested automatically back into your MMF otherwise the interest is paid to your bank account every quarter.

INDEPENDENCE IN INVESTMENT

I - invest intelligently. Don't just follow what they say

N- Negotiate for a good and reasonable rate when applicable, and don't forget that rate is not everything. Safety of funds first.

D - Depend on available and accurate data to avoid wrong assumptions and investment moves.

E - Evaluate available investment options in compliance with your risk tolerance.

P - Patronize government/sec-controlled firms and products, not Ponzi schemes.

E - Evaluate your portfolio to align with the current economic realities

N - Navigate the investment arena with caution. Not all investment windows are profitable at a given time. choose wisely.

D - Determination, being deliberate and intentional, is needed when it comes to investment. It's not wishful thinking and guesswork.

E - Enlarged portfolio doesn't translate to gains; the content of the portfolio matters a lot. Prioritize quality over quantity.

N - Non-profitable investments may appear profitable on the surface until you check. Do your due diligence.

C - Clear all doubts before you venture into any investment; don't go into what you don't understand. Be convinced and let your decision be guided by accurate data.

E - Enjoy your loot or gains when you can. Investment is made for you and not you for investment.

Happy Independence Day to all Investors

INDEPENDENCE IN INVESTMENT

I - Invest intelligently. Don't just follow what they say

N- Negotiate for a good and reasonable rate when applicable, and don't forget that rate is not everything. Safety of funds first.

D - Depend on available and accurate data to avoid wrong assumptions and investment moves.

E - Evaluate available investment options in compliance with your risk tolerance.

P - Patronize government/sec-controlled firms and products, not Ponzi schemes.

E - Evaluate your portfolio to align with the current economic realities

N - Navigate the investment arena with caution. Not all investment windows are profitable at a given time. choose wisely.

D - Determination, being deliberate and intentional, is needed when it comes to investment. It's not wishful thinking and guesswork.

E - Enlarged portfolio doesn't translate to gains; the content of the portfolio matters a lot. Prioritize quality over quantity.

N - Non-profitable investments may appear profitable on the surface until you check. Do your due diligence.

C - Clear all doubts before you venture into any investment; don't go into what you don't understand. Be convinced and let your decision be guided by accurate data.

E - Enjoy your loot or gains when you can. Investment is made for you and not you for investment.

Happy Independence Day to all Investors

INDEPENDENCE IN INVESTMENT

I - Invest intelligently. Don't just follow what they say

N- Negotiate for a good and reasonable rate when applicable, and don't forget that rate is not everything. Safety of funds first.

D - Depend on available and accurate data to avoid wrong assumptions and investment moves.

E - Evaluate available investment options in compliance with your risk tolerance.

P - Patronize government/sec-controlled firms and products, not Ponzi schemes.

E - Evaluate your portfolio to align with the current economic realities

N - Navigate the investment arena with caution. Not all investment windows are profitable at a given time. choose wisely.

D - Determination, being deliberate and intentional, is needed when it comes to investment. It's not wishful thinking and guesswork.

E - Enlarged portfolio doesn't translate to gains; the content of the portfolio matters a lot. Prioritize quality over quantity.

N - Non-profitable investments may appear profitable on the surface until you check. Do your due diligence.

C - Clear all doubts before you venture into any investment; don't go into what you don't understand. Be convinced and let your decision be guided by accurate data.

E - Enjoy your loot or gains when you can. Investment is made for you and not you for investment.

Happy Independence Day to all Investors

Babygal2020:
This is serious.

There is no problem with Stanbic MMF. Interest has been credited. Even if you didn't see it yesterday because it wasn't posted, the value date remains as yesterday.

Let's be well guided.

mojounited:
I'd like to know about this as well.

Emmasoft, please, what are your thoughts about Providus Bank CP? Interest rate was 20.25%, but how safe is this instrument?

CPs are also considered low-risk investments; however, the entity issuing the CP is also very important, as it must have a good rating. The fact that Providus is even bigger now makes it more comfortable. Providus and Unity Bank just merged recently.

Kingrshd3:
How can I invest in real estate REIT AND OTHERS without owning a property please can you put my through or can I have your Whatsapp contact for followups 🙏

Look at the post again on the signature and get my contact.

STRATEGY TO WIN DURING LOW RATE REGIME

Low rate in the fixed income space should not translate to no investment.

The truth is that a low-interest-rate regime is actually beneficial for the economy, as long as inflation continues to decline.

How do you win during a low-rate regime?

If you must invest in fixed income, opt for mutual funds that have bonds as their underlying assets. The rate of bonds is still much better than short-term instruments like treasury bills during a low-rate regime.

If you decide to stick to MMF, try to have at least two fund managers; this will help you have an average of two different rates combined. The fund that has a more consistent upward trend in rate takes a larger chunk of your investable funds, all other things being equal.

Consider investment in stocks. Though stocks are considered risky when compared with MMF, stock investment has great returns in three ways:
1. price appreciation - buy low, sell high
2. cash dividend payment, sometimes as regular as twice or even quarterly in some stocks
3. Bonuses, ie, payment of dividend using shares instead of cash, this in turn increases your holdings without additional cash commitment from your pocket.

When you buy fundamentally sound and regular dividend-paying stocks, you are sure of your returns and able to beat inflation, hence a real return is achievable.

Also consider a Real Estate Investment Trust (REIT); there are a few in Nigeria - SFSREIT, UPDCREIT, and UHOMREIT. If you don't have huge funds to buy physical property, a REIT is the best way to go if you want to enjoy rental income without owning a property.

Instead of the MDBs, use MMF to keep your cash; it will always have a better rate than a savings account.

Try a business if you can and are available. There are more business activities during a low rate regime because the currency seems to have higher purchasing power, and businesses can borrow cheaply compared to a high inflation and high rate regime.

Remember, it's better to have a low rate, which results in low interest and keep investing, than no investment, which means no interest at all.

For more on investment matters (mutual funds and stocks), reach out to me.

I wish you all a productive week ahead.

STRATEGY TO WIN DURING LOW RATE REGIME

Low rate in the fixed income space should not translate to no investment.

The truth is that a low-interest-rate regime is actually beneficial for the economy, as long as inflation continues to decline.

How do you win during a low-rate regime?

If you must invest in fixed income, opt for mutual funds that have bonds as their underlying assets. The rate of bonds is still much better than short-term instruments like treasury bills during a low-rate regime.

If you decide to stick to MMF, try to have at least two fund managers; this will help you have an average of two different rates combined. The fund that has a more consistent upward trend in rate takes a larger chunk of your investable funds, all other things being equal.

Consider investment in stocks. Though stocks are considered risky when compared with MMF, stock investment has great returns in three ways:
1. price appreciation - buy low, sell high
2. cash dividend payment, sometimes as regular as twice or even quarterly in some stocks
3. Bonuses, ie, payment of dividend using shares instead of cash, this in turn increases your holdings without additional cash commitment from your pocket.

When you buy fundamentally sound and regular dividend-paying stocks, you are sure of your returns and able to beat inflation, hence a real return is achievable.

Also consider a Real Estate Investment Trust (REIT); there are a few in Nigeria - SFSREIT, UPDCREIT, and UHOMREIT. If you don't have huge funds to buy physical property, a REIT is the best way to go if you want to enjoy rental income without owning a property.

Instead of the MDBs, use MMF to keep your cash; it will always have a better rate than a savings account.

Try a business if you can and are available. There are more business activities during a low rate regime because the currency seems to have higher purchasing power, and businesses can borrow cheaply compared to a high inflation and high rate regime.

Remember, it's better to have a low rate, which results in low interest and keep investing, than no investment, which means no interest at all.

For more on investment matters (mutual funds and stocks), reach out to me.

I wish you all a productive week ahead.

Chidimercy:
Thank you, I will reach out to you with the number on your profile

Okay. You welcome.