₦airaland Forum

lilsyd:
Thank you so much.

You have been so helpful. Thanks for taking the time to explain a lot to me via phone.

Much Appreciated.

Thank you for the kind words.

Peterpan222:
Baba how far na? Are you into stocks as well? Omoh, e be like Naija stocks are doing well. I'm thinking of gradually shifting focus from TBills to Stocks. My aim remains to keep earning my Monthly expenditure from passive income without touching my salary. Anything short of 20% for Money market now eh, I go start the dig into my Alawi. Baba help Ur boi na..Carry me along na senior man😅. Besides, looks like other MMF seem to be doing better now

Of course, we dey any anything that is legit. You know how to reach me, just do the needful.

kristien4:
for the 364days, what rate would you advice an individual to bid at the next auction, considering the current statistics?

It's always safer and advisable to go with the bank rate at this time. At a time like this, with a downward trend in rates, even the bank is not very sure, but still better than trying to bid individually.

Newbies take note

Stock price movement up or down is determined by many factors, not only fundamentals.

Factors that can bring about stock price movement apart from fundamentals:

Rumor/news - bad or good
Mere market sentiments
Government policy- new or old
The general economic situation of the country
Speculations
Result expectations - good or bad
Manipulations - sometimes by MM or HNI
Free float size of the shares of a company/shareholding structure
External influence/world economy
Economic situation and policies of advanced economies
etc

So when you see price movement, try and do your due diligence, which includes finding out which of the
factor(s) is causing the movement so that you can make an informed investment decision.

Don't forget, stock investment is a marathon, not a sprint.

Enjoy the Bullish run while it lasts.

kristien4:
we'll be seeing 12% on tbills very soon

Tbills Rate movement is normal

It's a possibility. It has happened before, and then the rate was as low as 5%.

It's not actually a new thing that the rate is going down. It's a normal movement. So let's be prepared.

The TBills rate is determined by the economic situation of the country in terms of borrowing status of the government. Whatever rate the CBN comes up with through the decision at the MPC meetings determines the rate of Tbills. The lower the MPR, the lower the rate of Tbills and vice versa.

For those of us who could take a little more risk, you can look at the way of fundamentally sound and dividend-paying stocks, with that, you are sure your money will still be working for you.

However, stocks are better enjoyed when you have a long-term view, unlike Tbills which is a short-term instrument.

LadyCaplin:
Hello Everyone.

I am new here...Can the gurus please advise on which Dollar Fund/Eurobond one can invest in?

These are the options I am considering: ARM Eurobond, Nigerian Eurobond Fund by United Capital Asset Management and Stanbic IBTC Dollar Fund.

I will appreciate your insights people.

Thank you as you respond.

Please understand dollar fund is not like MMF. The underlying asset is eurobonds. The fund is categorized as moderate or medium risk.

The major advantage is the hedge against inflation and devaluation of the local currency. You need to have a long-term view when investing in dollar fund. I will prefer the Norrenberger dollar fund to any of the others you mentioned, basically because of a better rate.

TinaJoe:
Pls I funded my stanbic money market acct with 100k and decided to withdraw 5k after few days just to test run the app and I was paid the next day. My question is, will the 20% penality come the interest 100k will give me after one month or what the 5k would have given me after one month?

The penalty is always on the accrued interest on the amount you withdrew; in this case, the penalty will be 20% on the accrued interest on that 5k for the number of days it was invested in the fund.

lilsyd:
emmasoft greetings sir.

Please what's the average MMF rate as at today. UCAP has been under 20% for a couple of weeks now.

Makes we wonder.

Currently, the range is 19 to 21% in the industry.

Hatrick123:
How long does it take for withdrawals on stanbic MMF (blunest) to hit once account

Within some hours if you make request before noon on a business day otherwise you get your money on the next business day.

0ubenji:
I perhaps didn't make that part clear. I mean, I was talking about the BluNest website, where I can't find it. Yes, it's on the factsheet page but not on the mutual funds listing page.

Oh okay. Get to their website, then to products and services, under umbrella funds you will see the conservative fund among the other two in that category.

0ubenji:
It was on the BluNest website and not app where I see the performance metrics of all mutual-funds except for that very one.

The same thing I just said. It's on the website, not the app. You can even find all the factsheet on the website.

0ubenji:
I noticed the Stanbic IBTC Conservative fund isn't listed in the available funds on BluNest. Is it because of its exclusive nature, with a 20 million minimum investment capital?

Perhaps it's coz I'm not on Premium Tier yet?

I don't think it's because of your account level. The funds they refer to as umbrella funds, where this Conservative fund falls under, are only visible on their website, not the app, whether it's the old or BluNest. Others are Absolute Return and Aggressive Funds

TinaJoe:
How do I check money market rate? The stanbic app am using doesn't show rate

Login to your account via BluNest and click on investments, all the funds managed by Stanbic and their rate or price will be displayed

oluseg2:
Is it possible to move a large percentage of the balance in my retirement savings account (say 80%) to money market fund upon retirement?.
I mean instead of getting the initial 50% and then going for either annuity or programmed withdrawal.
Currently using IBTC Pension Managers.

Thanks

Discuss with your PFA. Fund utilization in your pension fund has guidelines.

Some Facts of the Market

In the stock market all over the world, Investing, trading, and speculation are allowed and form part of the game; you are either doing one or two of them, or you are involved in all.
In the bull market, three of them win, while it's the opposite in the bear market. Trade cautiously.

All companies seem to be good and profitable during the bull market and vice versa during the bear market

Prices of stocks are not restricted by any analysis during the bull, all seem to trend upward; it's the other way during the bear.

Let's be aware, during a bullish market, the majority of stocks tend to rise in price irrespective of good fundamentals or not.

Remember the stock market has two directions, up or down, and neither direction stays permanently, and the timing of the duration is beyond both gurus and newbies - the market has a mind of its own.

However, be sure there is money to be made either in the bull or bear market - follow your investment objectives.

Wishing you all more greens in your portfolio.

iamL:
I mentioned you earlier about MMF in the other thread please can you respond if you have seen my mention.

I just saw it now, and I have replied. I even sent a PM. You can reply or use the contact on my signature to reach me.

iamL:
Can you explain more about this please, I wanted to buy TB but I need more Enlightenment about securities like this. I have been to both first and zenith bank but I didn't get a satisfactory explaination.

Kindly get in touch. I will send you a voice note that will explain to you and then you can ask questions. Many folks here are in touch with me and I'm sure they are happy with what they know now.

REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

MONEY MARKET FUND- Multiply money with rest of mind

As I read through some posts, I see that some of us have expectations and a wrong perspective of MMF.

Please understand this:

Not all mutual funds are MMFs, and they are not to be compared. All mutual funds are not MMFs, but all MMFs, irrespective of the fund manager, are mutual funds.

MMF is a low-risk investment, and you are not supposed to have any form of fear or panic about it.

The basic promise made and attraction for MMF is that it gives higher interest than the regular savings or fixed deposit with the MDBs.

Also note that the benchmark rate for any MMF is the rate of 90-day Tbills.

All Fund managers operate under the SEC rule governing MMF, but they could apply it differently, so sometimes it may not be very wise to compare except the application of the basic principles is the same across the firms.

Rates of MMF are daily valued, and that one is higher than the other today doesn't make it better in the long run; they are virtually the same.

Remember that fintech and traditional fund managers are not actually the same; the law guiding them differs one way or the other. Some of these fintech apps are platforms where the traditional fund managers sell their products, so the fintechs themselves don't actually have a mutual fund; rather, they sell for fund managers. Fintechs themselves invest in MMFs with the money you save with them.

Get this very clear, MMF is a low-risk investment; it's not an investment one needs to do and worry about. If you are talking of riskier investments like stocks, that is understandable.

Remember, no two human beings can be the same, so with fund managers, services are bound to differ, and in the long run, they will be rated by individual opinions and judgment about them. Even though we say customers are always right, we know this is not always the case.

Some of us here have seen when MMF was less than 6% and TBills less than 5%. We have also seen when it was 28% or more.

In all, let's try not to expect more than what the law permits for MMF.

Enjoy your investment in MMF without stress; it's worth it.

For more on mutual funds and stocks, get in touch.

cucumbar:
can I open a second account with Stanbic mutual funds?

Yes, you can. Make sure your wallet is funded, as you login to your BluNest, click wallet and select buy fund, click on MMF instead of top up to existing fund click new and follow through.

alezzy13:
Abeg users of Stanbic bluenest, I tried to purchase TB through them, but noted it only provides the interest at maturity.

Pls is there no way to select upfront payment? That to me is actually the attraction of TB

For now upfront is not available with the app. Most of these apps always pay interest on maturity. At least I know three that do so.

Youngzedd:
It takes Stanbic IBTC forever to compound interest.

Till now they haven't added last month interest to the principal.

This is something FBNQuest did on the 1st day of the month.

Stanbic IBTC is cheating us.

I hope you opted for interest reinvestment. Stanbic always reinvests/compounds interest on the last day of the month. The one for June was done on the 30th of June. It's only those who opted for interest payout that get credit in their bank accounts between the 1st and 7th of the new quarter.

FRANKLYex:
Thanks, is it like this?

Exactly, that means you opted for interest reinvestment. Watch out, by the end of July, you will see the same transaction, and it continues like that, except you change your option as I described in my previous post.

emandman:
Please how can I bid for treasure bills in Nigeria. Any credible brokerage house?

You can use investment one, owners of investment one app, stanbic asset management, owners of BluNest app or Parthian Capital owners of i-invest app.

Click on the first or third link on my signature to open account.

You can also reach out to me if you need more guidance.