₦airaland Forum

FRANKLYex:
Please how do i check my status and what do I do to change it?

Login to your account. If you can see a subscription transaction described as gains from the 1st to 30th of June with an effective date of 30th June, it shows you opted for reinvestment of interest. If there is nothing like that, then expect your interest to be paid between now and the 7th of July.

To change your preference regarding the utilization of accrued interest, send an email to customer care requesting for account update form. On the form, pick reinvest interest or pay out depending on your current option and what you want going forward.

FRANKLYex:
Please, the STANBIC MMF subscribers in the house. How are those guys treating their end of the quarter accrued earnings? I was expecting it to be nil off and added to the principal as a reinvestment so that new earning will start accruing. It's 48 hours in the new quarter and nothing has changed. Pls na so dem dey do over there?

Are you sure you opted for reinvestment of interest? because reinvestment of interest was done on the 30th of June, while those who opted for interest pay out will get credited between 1st and 7th of July

iamL:
Please can you break down on the mmf 🙏?

You can go to my earlier posts on the MMF thread. I have a lot on that thread. Or chat with me using the number on my signature. I will send you a voice note that will explain investment generally and MMF in particular.

iamL:
Please house I have one small change I am not using currently which investment can I run with it within a year🙏🙏, please I need responses?

For investment with guaranteed capital and returns, you can go for money market fund or one year Tbills. They are both low risk investment windows.

0ubenji:
hope that number is on WhatsApp coz I've shared it with my Norrenberger contact as well. That one is very serious, he'll reach out tomorrow.

PS: You can open online but account verification will be unsuccessful until they handle it for from their side. So, it's recommended you just deal avoid opening online and getting stuck. Emmasoft can also help if he's available but that guy (my contact) will reach out and eventually become your account officer if you onboards you.

You can reach me using the contact information on my signature. You will be assured of good customer service and account opening within 24hrs all things being equal.

PharoahIII:
To buy tbills from stanbic do u need to have an acc with them? Also if one isn't in d country how do u go about buying tbills from stanbic

@PharoahIII, do as @freeman67 posted.

Alternatively, if you wish to buy TBills from stanbic and without having a bank account with them, open MMF account with stanbic asset management, throuh their new platform BluNest you can buy Tbills without having a bank account with them.

To open MMF click the first link on my signature.

However, only secondary market is available using this method.

You can talk to me if you need more guidance.

2011HajjWeber:
Can anyone tell us about Stanbic Imaan and sharia funds and Fbnquest Halal funds ?

They are all faith based investment products. Their underlying assets is majorly sukuk bonds or any instruments that align with the Muslim faith.

madeinnigeria:
what do you guys think about stanbic balanced funds. has anybody tried it

@madeinnigeria, note that not all mutual fund types are generally considered low risk. Balance fund is one of the mutual funds that has some level of risk involved.

The underlying assets are a combination of money market instruments like Tbills, Commercial papers, stocks, and sometimes real estate.

The performance depends largely on the NGX. Neither capital nor returns are guaranteed. However, during a bull market at the NGX, it can be very profitable and rewarding. As we already know, the higher the risk, the higher the returns and vice versa.

I will not recommend it for a newbie.

Remix10:
HI guys please i want to start investing in Nigerian stocks, what is the best app you can recommend?

For the app that will give you all you need and good customer service,
Open a stock account with investment one stockbrokers.
Click the third link on my signature to complete the account opening online.

You can also chat with me if you need more guidance.

Risingcash94:
@emmasoft, Thanks for your response. But I really need users' reviews.

You can go to the Play Store and search for the app to see reviews.

Whichever way, be in touch. I'm sure some folks here use it too.

Please note that it's only the secondary market that is available through the app.

omowesites:
Good day, everyone,

I understand that FCMB public offer shares have been allotted. How can I check my allotment?

Also, is there any timeline for when Fidelity Bank shares will be allotted?

Send an email to your stockbroker to ask for your current cscs statement.

Fidelity shares have also been allotted. You can also confirm this when you get your cscs statement

Risingcash94:
Good afternoon Bosses.
Pls is anyone using the i-invest app for tbills?
How is your experience?

@Risingcash94, i-invest is okay. Its foremost app for savings and investment in different instruments. Its seamless.

Get in touch for a guide.

Understanding MMF Rates and operations

Investors should understand

1. Rates displayed can either be net or gross find out from your fund manager

2. The calculation of your interest is not done flat in the normal simple interest because the rate fluctuates daily.

3. The rate displayed may not be up to date if the website content is not updated, so you may be using a wrong rate if you decide to calculate. If you see 20% for say 4 days it may be that that rate was for just one day, the remaining days had different rate that was perhaps lower or higher.

4. MMF is not exactly as keeping money in a MDB, any money invested is always invested in an underlying asset depending on the type of mutual fund.

5. It's true you earn interest daily but it may not be posted daily. Sometimes it will involved a case of posting 2 or more days arears.

6. If you wish to get indept on how your interest is arrived at you will need to get in touch with a knowledgeable RM. Speaking with a customer service officer may yield little or no result.

7. Be assured, no fund manager is cheating you. They all go through SEC scrutiny every now and then in all aspect of operation even to the app or web portal operations. SEC has professionals in various investment windows and ICT that carry out audit on these firms. Regulations are thorough from the almighty SEC.

Sometimes you will need to bother less on some of these little things to have your peace and trust the system otherwise a low risk investment that suppose to make you have rest of mind will turn to an investment with high risk that always put your mind up there and bring a lot of worries and concerns.

However, as an investor you have right to challenge anything and you deserve an explanation of whatever you don't understand within the laws guiding fund management and investment generally.

The above is just my take.

Streetinvestor2:
If I have such money and don't know anything about stock business .What to buy will not be my immediate concern and 12 months. I will spend time to learn the basic maths of the business since Internet has made it easier not like when I started many yrs back.
Opportunities will always be in the market at various time as preservation of capital is most important

In addition you can keep the money in a money market fund while you do the learning. Don't rush as already stated by the post i quoted, opportunities abounds in the market everyday.

You have to learn to earn otherwise... it will seems like you are gambling.

Streetinvestor2:
My people say,when two people they drag land.The person way get money go dey plant dey go.
You are seeing gtbank going to #80.And you are still listening to junk media noise on this banks when the banks have released press statements .You think the banks will release fake news and not true position when the regulators will read it.
The funny part is some people are genuine at heart in thr post while some are playing games.What makes them feel they can use thr small change like my own to pull down bank stocks which the ceos who are billionaires are in control and the kind OS this banks have join.
I wish you guys luck till many of thr price will soon go above what it was before this cbn policy. So you expect banks like gtbank to double zenith without up adjustment from zenith. Then triple uba and others without them going up....na my street sense I talk
Has the FA of this banks gone down or improving even if it is at small rate

@Streetinvestor2, I think many investors or the media forgot so quickly, or may not have seen what happened late 2008 and in 2009, or even that Covid-19 period. Nigerian banks, especially the very big ones, have mastered the game. Provision or no provision, they will weather any storm. Sincerely, they are even in a better standing now than then. No be today CBN start to roll out policies. The news has even helped smart investors to get more holdings in banking stocks.

olaremint:
with the small gains in access and uba, is it good to sell?

If you have met your investment objective, do the needful. In stock investment, irrespective of market sentiment, it's best to always follow your investment objective; otherwise, you either sell too early or too late.

madeinnigeria:
Hello guys i sent money to my stanbic wallet but it hasn't reflect for over 6hrs.. what do i do. I'm referring to the stanbic wallet on bluenest.. it hasn't reflected in my account..@emmasoft

Money transferred to the wallet is supposed to reflect within minutes if your registration has been completed on the BluNest platform. Otherwise, call the customer care line to report a complaint.

nickae:
Hello @emmasoft, apart from stanbic MMF, so you know if there is any other that computes income monthly ? Because norremberger and ARM are quarterly.

For all MMF, interest is earned daily and reinvested/paid quarterly. It's only reinvestment that Stanbic does monthly, payment is still quarterly like others.

Jeoma2024:
please is united capital the same as investnow

Yes, investnow is the app powered by United Capital

tosinman:
Good evening all. Please can I withdraw anytime from my stanbic mutual funds. I was told it is 30 days after I start. I started in March and I've been putting money monthly.

Note that you can withdraw/redeem your money anytime. Here is the condition: Any amount invested for 30 days or more can be withdrawn without any penalty, but any amount deposited and less than 30 days will require you to pay a penalty of 20% of the accrued interest on the amount you are withdrawing.

For example: if you invested 500k on the 20th of March and another 1m on the 30th of April, then another 2m on May 20th, which makes a total of 3.5m, then on the 13th of June you wish to withdraw 3.2m, it means you will pay penalty of 20% of the accrued interest on 1.7m of the 3.2m because 1.5m of the money is more than 30 days while 1.7 of the 2m is less than 30 days.

DEFINING INVESTMENT USING JUNE TWELVE

J – Justify the returns. When you approach investing in an instrument, a rate is proposed. Justify it with economic reality. If it can’t be justified,
be wary of such. If it’s too good to be true, it’s possibly a scam/ponzi
U –Utilize available data to justify and back up your investment decision. Don’t just invest; utilize current data, remember the saying
“Past performance does not guarantee future returns.”
N –Negotiate for good returns for each investment move before making an investment decision.
E – Evaluate options for maximum gains

T – Transform cash into assets that produce more assets – compounding
W– Welcome change in your investment approach if your method is not working
E– Enlarge your circles of the right people (Networking). if you must have friends, let them be the ones with the right attitude to investment.
L – Leverage every opportunity to learn more and make more of the available resources for your portfolio growth
V – Validate available data to ensure its accuracy for informed and appropriate decision-making. Don’t just rely on rumours or assumptions
when investing.
E – End or terminate immediately any wrong investment ventures causing continual losses. Remember, you win some and lose some, just
make sure your wins are more than your losses.

Happy Democracy Day!

DEFINING INVESTMENT USING JUNE TWELVE

J – Justify the returns. When you approach investing in an instrument, a rate is proposed. Justify it with economic reality. If it can’t be justified,
be wary of such. If it’s too good to be true, it’s possibly a scam/ponzi
U –Utilize available data to justify and back up your investment decision. Don’t just invest; utilize current data, remember the saying
“Past performance does not guarantee future returns.”
N –Negotiate for good returns for each investment move before making an investment decision.
E – Evaluate options for maximum gains

T – Transform cash into assets that produce more assets – compounding
W– Welcome change in your investment approach if your method is not working
E– Enlarge your circles of the right people (Networking). if you must have friends, let them be the ones with the right attitude to investment.
L – Leverage every opportunity to learn more and make more of the available resources for your portfolio growth
V – Validate available data to ensure its accuracy for informed and appropriate decision-making. Don’t just rely on rumours or assumptions
when investing.
E – End or terminate immediately any wrong investment ventures causing continual losses. Remember, you win some and lose some, just
make sure your wins are more than your losses.

Happy Democracy Day!

DEFINING INVESTMENT USING JUNE TWELVE

J – Justify the returns. When you approach investing in an instrument, a rate is proposed. Justify it with economic reality. If it can’t be justified,
be wary of such. If it’s too good to be true, it’s possibly a scam/ponzi
U –Utilize available data to justify and back up your investment decision. Don’t just invest; utilize current data, remember the saying
“Past performance does not guarantee future returns.”
N –Negotiate for good returns for each investment move before making an investment decision.
E – Evaluate options for maximum gains

T – Transform cash into assets that produce more assets – compounding
W– Welcome change in your investment approach if your method is not working
E– Enlarge your circles of the right people (Networking). if you must have friends, let them be the ones with the right attitude to investment.
L – Leverage every opportunity to learn more and make more of the available resources for your portfolio growth
V – Validate available data to ensure its accuracy for informed and appropriate decision-making. Don’t just rely on rumours or assumptions
when investing.
E – End or terminate immediately any wrong investment ventures causing continual losses. Remember, you win some and lose some, just
make sure your wins are more than your losses.

Happy Democracy Day!

omowesites:
Good day, everyone,

I understand that FCMB public offer shares have been allotted. How can I check my allotment?

Also, is there any timeline for when Fidelity Bank shares will be allotted?

Both FCMB and Fidelity have been allotted and credited to investors' cscs accounts long ago.

Send a mail to your stockbroker and request your current cscs statement. If your shares are not credited, contact the registrars
in charge.

0ubenji:
What are the fees associ with the norrenberger dollar fund, please?

There is no fee associated with the dollar fund apart from the normal management fees, which is common to all mutual funds

Harddiskng:
I would like to open a dollar fund with Stanbic, I have already have money market fund with them but i can’t see the option for dollar fund on the same app..

1) Would i view my dollar fund investment on a different platform?
2) I understand i have to pay in dollars into their collection account, hope i would be able to redeem my dollars in my own dollar account?
3) Lastly what is the modality to open a dollar account with stanbic, do i need a stanbic dollar account?

With the app, you can view your investments in the different mutual funds you subscribe to inuding the dollar fund.

First, you need a domiciliary account in any bank of your choice before you can invest in dollar fund.

To subscribe, click the first link on my signature and scroll to dollar mutual fund and click Buy now, complete the form as an existing customer and your account will be opened. Within 24hrs.

Please note that they don't accept dollar cash deposit, you can only transfer from your domiciliary account to their dollar collection account.

However, I prefer Norrenberger dollar fund. They have better rate and they accept dollar cash deposit in their collection account.

Basically dollar funds have same underlying assets ie eurobonds irrespective of the fund manager

jp130:
Please investors, I'm interested in the answer to this question. I know meristem do pay dividends

Although Equity funds generally are more disposed towards price appreciation, dividend is paid once in a year if declared. It's not as regular and systematic as with MMF.

Personally, I prefer to buy individual, fundamentally sound and dividend paying stock than to subscribe to equity fund.

cocolacec:
Seplat paid me twice.What was the total dividend per unit?

I don't think so. The normal end of year dividend of 3.6 cents and the special dividend of 3.3 cents were paid seprately and if you have different accounts with the registrars it's also treated separately when they are paying dividend. This is from experience.