Emmasoft's Posts
Nairaland Forum › Emmasoft's Profile › Emmasoft's Posts
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tabithababy:@tabithababy your intentions to go into tbills is good but I hope it's not just the fact that you heard about high rates only that serves as your motivation otherwise I advice read more on investment generally tbills inclusive so that you understand what you about to go into and be well guided. That's by the way. Investing in tbills through primary auction is very straightforward. First, you don't need any special dedicated bank account. Your bank account you have currently whether current or savings will do except you just want to change your bank. For a bank like Stanbic 100k is minimum and I believe some others will accept less than a million as well. Minimum deposit for tbills is determined by individual banks. Primary auction for Tbills is done fortnightly and on Wednesdays, if you wish to participant, you will make your intentions known to your bank latest by 10am the Tuesday preceeding the auction date. However, the day and date is distorted this week because of the holidays. Another investment window that guarantees your capital and fully regulated is money market fund. You can start that with as low as 5k. If you need further clarifications on tbills or mutual funds kindly reach out to me with the numbers on my signature. |
Nakedman:MMF is not a single entity like Tbills. MMF is daily valued and the rate displayed is as a result of the valuation of the underlying assets. Rates for MMF are not set as it's done with TBills during primary auction. Even Tbills rates are also daily valued in the secondary market. Check again on the next business day or next week, you will see a different rate, that is how MMF works. For a relatively stable rate, ie not daily valued mutual funds, you can consider fixed income fund particularly with SFS capital. |
Foodempire:Fbnquest or any fund manager can't do the bolded because in the actual sense your money is not with them rather it's with the custodian bank. What goes on behind the scene for any money to leave the custodian bank is not as easy as you think. The SEC and the trustees are not smiling when it comes to investors fund. |
Foodempire:While waiting for primary auction, always keep your money in MMF so that you can still benefit indirectly from the tbill. One of the advantages of MMF - it has easy entry and exit. |
Mrajah231:For those who elected for cash payment to bank account it's usually done between 1st and 7th of the new month/quarter |
[quote author=Solution101 post=129229855]Pls do you mean eg if my capital is 10,000 and my interest for the month is 2000 that for the new month, it will automatically be counted as 12,000 as reinvested fund? [/quote Yes. From the 1st of the new month/Quarter, interest will be calculated on 12,000 and the circle continues even if you didn’t top up. |
Tracyy122:You can change your instruction as per your accrued interest utilization. Send a mail to customer care to that effect. Accrued interest on MMF is tax-free. |
Meerahbel:This is a very wide question. I can only give you the firms I represent. Stanbic 15.55%. SFS fixed income 14.02% Norrenberger is 16.18% gross |
Plus10:There is no challenge, end of quarter things. For those who opted for reinvestment, accrued interest have been reinvested. All accrued interest from 1st till date will be posted soon. |
A305:There is no limit to top up of your account. Except the limit from your own bank. For quick and same day value of your top up, kindly use your bank app, Internet banking or make the transfer from banking hall to the UBA collection account of the fund. Any top up done using the stanbic app ie your ATM card, it takes two working days for your money to reflect on your account. |
https://doclib.ngxgroup.com/Financial_NewsDocs/40605_TOTALENERGIES_MARKETING_NIGERIA_PLC-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_MARCH_2024.pdf Total to pay N25.00. Qualification date 23rd April 2024. |
NL1960:Na so o. With the current MPR and Tbills rate, any new revalution and investment in the underlying assets will always have positive effects on MMF rates. |
Godspeed0:@NL1960 has explained correctly. Using 2m as the capital with current 14.67% for stanbic, this is what you get. Interest for one year 14.67*2m/100 Which gives 293,400 Interest for one day will be 293,400/365 Which gives 803.8356 So for one month of 30 days you will get 803.8356*30 = 24,115.07 In the above, assumptions are: Rate didn't change within the month and there was no top up or redemption |
biznus:Investow is the name of the app powered by United Capital. While investment one app is powered by investment one financial services. They are two different companies. To do business with investment one ie stocks investment, asset management - Fixed deposit of different tenors, tbills and child trust, get in touch with the contact on my signature. |
Oshokhai69:SFS fixed income fund and other mutual funds will gradually have their rates increased as long as the MPR and Tbills rates remain high but this will not happen immediately. As revaluation of underlying assets continues the high rates will relect. Remember it used to be 11.05% few weeks back. |
stephano100:It's right there as you login. When you login through the web portal, click on fund at the top of the dashboard and the rates of different mutual funds will be displayed. If you are using the app, click on create an Instant account on the login screen and you will see the rates displayed. |
synticate:@synticate, don't rush. The race you are about to start is a marathon, not a sprint. It takes time. Don't worry, this market will always be there and opportunities will always abound. First, define your reason for wanting to invest ie your investment objective. Most times your objective will direct your interest and the knowledge to seek. When it comes to investment there are principles to follow which are normally universal but the applications of these principles are influenced by individual investor's interests, risk tolerance, age, amount of funds available for investment, the purpose of investment, environment etc. Don't try to get everything at once and don't be scared when you read or hear those investment jargon in no time you will get to understand. One thing with this market is that you get to understand it more when you go practical with a profesional guidiance most times. As you are reading try as much as possible to practice. Learning never ends it's a lifelong activity. Also, note that capital market investment will require you to control these two emotions - Fear and greed and if you wish to do well have a long-term approach with fundamental sound stocks at the start and you can graduate to trading or short-term later. While reading previous pages of this thread, don't abandon the current pages, be interested in economic news and visit other financial websites that can help you understand investment generally. At Investment One Financial Services we can take you by the hands and walk you through the investment corridor and in no distant time you will find your feet. Reach out to me my contacts are displayed on my signature. Remember a guru today was once a novice I wish you all the best in your investment journey. |
Mrajah231:Monthly reinvestment of interest started last year January but payment of interest for customers that opt for interest payment has always been end of every quarter. |
Objectivist04:You are not the one to fill the portion. As @Zagee said once you have one certificate or even without certificates all details of every certificate can be provided by the registrars and lodged into cscs. I will advise you to engage Meristem more. Complain that you don't have your FBNH certificates and you wish to demat your holdings. |
Objectivist04:In the demat form, there is a portion for lost certificates that is supposed to take care of the certificates you can't find. Since you already confirm your units, when you get to Meristem or you contact them, complain that you don't have the certificates with you. They will take care. They are most likely to issue you a demat form stating the particulars of your certificates. |
Objectivist04:If you are in Lagos, go to Meristem's office at Yaba everything will be sorted. At the registrar's office ask that you want to know your holdings in FBNH if possible ask for a printout of your account. If you have received dividend as at the last payment on 18k plus units, it means the issue will be on the demat process and what played out with your former stockbroker before Morgan. You can contact me if you need further assistance. |
Mrajah231:Reinvestment of interest is done at the end of every month. Payment of interest to customers' bank accounts is done at the end of every quarter. |
FuckingNaira:It was posted on the treasury bill thread you can check the pages in February. |
Plus10:It's reflecting already and it will continue to do so positively with the current hike in MPR. You can also read my earlier post on how an increase Tbills rate or MPR affects MMF. |
Mfunkynation:I can confirm that all end-of-month activities concluded, and even February returns have been reinvested. |
Mrajah231:Just be patient everything will normalize I guess it's end of month-related issues. No cause for alarm. Check again later in the day. I'm sure you will be fine. |
Foodempire:Generally, increase in MPR is positive for all fixed income instruments - TBills, bonds, MMF, CP, fixed deposit, even normal savings. |
Krisuba:Hope deffered makes the heart sick... Proverbs 13:12 |
eziokwunwoko:What can cause FG to default is possible to make a corporate body default twice. Remember corporate is operating within the same economy controlled by the FG. Be well guided. |
akpumpy:@akpumpy note that It’s not a rule that a company pays dividends twice or once a year rather dividend payment and the frequency of payment depends on the policy of the company concerned. There is no hard and fast rule about it. All things being equal, a company that made profit is expected to pay its shareholders dividends, they can choose to pay it quarterly e.g Seplat, bi-annually e.g members of FUGAZ except FBNH, or annually which is the usual practice for many companies on NGX. However, this has to be done following the regulators' guidelines and shareholders' approval when required.. |
Becoted001:Since you mentioned 2008 I guess you bought during the public offer boom in the market. You will need to contact the registrar of the companies where you have holdings. Note one registrar can be in charge of more than one company and this will make the process easier and faster. After you identify the registrar, complete the e-dividend mandate form and mail it to them, if you are in Lagos you can visit their physical office with your means of identification. If you still have those shares in paper certificates, you will need to demat them and that will help you get any outstanding bonuses for those companies that declared bonuses then. Chat/call me with the details on my signature if you need further details. |
1 2 3 4 5 6 7 8 ... 32 33 34 35 36 37 38 39 40 (of 98 pages)
Like which bank is the best to open account with , and is it savings or current account i need to open,,,,, will one million be enough to start with, and how do i know when to fill the form for auction
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