freeman67:


No lele... The shares we buy on the NSE is the already existing shares of the company that the shareholders are selling between themselves while the right issues are new share created by the companies to sell to already their already existing shareholders.

In addition to what @Freeman67 has said, the money from the right issue or public offer goes to the company, the proceeds from the trade on the floor go to the shareholders that sell, and the shares go to the buyer's cscs account.

frankmoney:
hey bro. Good morning. I'm interested in investing in the stock market but have no idea can you put me through ?

I can put you through as much as you are willing.
Chat me up with the number on my signature.

sleekybaba:


I've opened the stock account with investment-one. I'm stock at the "Market/Limit", not sure of what to select between Market or Limit, because i am buying to keep for future.

Ok. You are welcome on board. When placing a trade, if you pick market price, it means you are buying the stock at any available price in the market you are most likely to buy at the highest offer price, on the other hand picking limit option enables you to choose your own price you feel the stock is worth in that case your order can only be fill at that price or lower. However the price you pick must be within +10% or - 10% of the opening price.

If you don't mind, chat me up so that we can do the trading together during market session by Monday or any trading day. I'm sure after about two tradings you will understand better.
By the way it's commendable you already have your investment objective. It's a good way to start stock investment.

You can also visit the stock thread to learn from others.

Vibesking:


Submitted my details on the website since Wednesday to get on-boarded. Got a mail that my application is being reviewed and I'll be notified when the process is completed. Till date no update.

If it’s Wednesday. Account opening is not late. The in-house would have be concluded but cscs also has a part to play. Normally it takes 72 working hours if there is no Kyc issues.
Notwithstanding that, you can chat me up to share more details that may not be proper to share here for further assistance.

Thank you.

zendi:

Good day emmasoft, I've been thinking to enquire from you about Direct Settlement system.
Does it work seamlessly as promised, or does money get stuck at CSCS or somewhere?
I had been away from the market, and there's reason I don't want to ask my broker.

@zendi, DSS works perfectly well. Remember the T+3 rules still apply, even though it's DSS it doesn't mean immediately you sell the money gets to your bank account, it will take the normal regulatory terms before your account is credited by CSCS.

Please also note that when you opt for DSS the broker is completely out of the picture after the sale. It will now be between the investor and CSCS.

Mankind2024:
Bring down your 1.35% to bound 0.50/0.60%. brokerage commission and be more competitive.
I have an abandoned portfolio of N1M+ which I would soon transfer.
You are only good 👍 in clients service.
Prompt response to mail, and resolution of complaints. Outside this, you are No, No, No due to the maximum brokerage commission.

@Mankind2024, thank you for your feedback. Good to know we serve well, as for the commission it's still within SEC regulated amount, However, your feedback will be well communicated to the right team since it's going to involve top management decisions.

Thank you for choosing Investment One Financial Services.

Vibesking:
Could y'all kindly recommend a reliable broker?

Seems investment-one doesn't want my business.

@Vibesking, please what happened what is the challenge? Investment one is reliable. You can chat me up let me know your concerns. It will be resolved immediately.

olig:
This seems nice.
For withdrawal and/liquidation, will they pay in dollars or convert back to the naira equivalent?

No, it's a dollar fund so all transactions after that initial conversion are in dollars, Norrenberger will not convert back to naira at any time - interest payment, redemption, or reinvestment of interest will be done in dollars.

yak:


Oga Emma, who sources for dollar in this dollar fund?
Do I need to provide the dollar or the fund manager will convert my naira into dollar 💵?

Normally, the investor source for the dollar but currently like a sort of promo, Norrenberger can source for dollar for you but the conversion will be at their own rate on the very day of the investment. So you come with the naira and they invest the equivalent of $550 or more in the dollar fund. Chat me up if you want to invest.

vefexam:


Good day, i am done filling. How do i reach out to you

Kindly chat me up. My number is on my signature.

yak:


I just did kyc on my Stanbic few days ago.
I used statement of account bearing my name and the same address I filled on the form.
I got success message yesterday

Yes, signed bank account statement at least the first page with your address is another document that is accepted as proof of address generally by all fund managers.

NL1960:


Ok. I will tell her.

Na your link I go use now. I also used it when I opened for my wife.

I trust you my oga.
Thank you.

NL1960:


Never knew you can use NIN slip in place of utility bill. I want to help my sister-in-law open Stanbic MMF but utility bill has been her challenge as they live in their own house in Benin and it is solar that they are using.

If NIN slip is used for utility bill, can the same NIN slip be used for means of identification?.

Yes, especially for Stanbic. They know many investors who wish to invest may not have their personal property so they now use any govt issued id card that has your address in place of utility bill. However, it means the address on the NIN must be the address to fill on the form even if the current address the customer lives is different.

Since you are using the same NIN as ID and utility bill, in the space for ID and utility bill upload the NIN slip for both.

My oga I beg use my link ie first link on my signature when you want to open the account o I know you always help my ministry

Neurotika:


The only challenge now is no one knows when rates will drop and what it will drop to. Certainty aids financial planning. I don’t think we will ever see rates peak this high again after this bubble. We can only hope CBN will maintain this high MPR….

The rule of this investment is to enjoy it while it lasts. Don't bother, when the rate changes there will be another opportunity. Normally a rate drop is an opportunity in another segment of investment except when there is a complete economic meltdown which in itself is another opportunity in disguise.

Redoil:
How many more unit will be created by each of this banks that will not dilute their dividend payout to pittance
Fidelity Bank PLC has over 32.012 billion shares
UBA had over 34.199 billion outstanding shares
FBN Holdings Plc had over 44.87 billion outstanding shares.
Guaranty Trust Holding Company had over 29.37 billion
Zenith Bank PLC (ZENITHB) had a public float of 27.65 billion shares outstanding.
That of fidelity and first bank is something to ponder about

Bros don't worry yourself of dilution. Trust me our banks know how to navigate. It's a case of if you need more cake, bake more. As outstanding shares are increasing they will increase their earning as well. At the end of the day, we all will be fine both banks and investors.

When you are big you are big you can't be big and small!

Risingcash94:
GOOD MORNING MY BOSSES. PLS DOES ANYONE HAVE AN IDEA ABOUT THIS QUESTION BELOW ? THANKS 🙏


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Your capital will be paid into the same account you used in receiving your coupon while the investment lasted.

Ajibade123:
Please guys what platform will you suggest apart from Morgan and Trove

Investment one stockbrokers.
You can trade on the portal online or use the app.
For a seamless onborading,
Click the 3rd link on my signature to open account, once your login details are out, login online and change the default password, download the app and login with the same details no need to register again.
Trading on the portal or app is cool.

vefexam:


How do I sign up?

Complete the attached form. You can tick more than one type of mutual funds. All the accounts will be opened same time.
Kindly reach out to me before you submit.
Thank you.

vefexam:


Wait oo.

So the money isn't 100% sure like MMF.
What you are saying is. If I invest $3000 there is a possibility that in 30days the money might drop to $2700 and interest is not guarantee.

Dollar funds are in the medium-risk investment category. The capital invested is not guaranteed compared to MMF.
The reason is that the underlying asset of the dollar fund is eurobonds which have some form of volatility - it's price dependent ie the price can go up or otherwise hence the value of your investment fluctuates with the price movement, hence professionally it's advised for investors wishing to invest in dollar fund to think long term because at the long run, you are sure to have hedge your funds against inflation or devaluation of local currency and in the process gain some interest on the fund invested.

Please note that it's not volatile like stocks so the probability of losing your money is close to zero.

Be in touch if you need more clarity.

hollerbaby:
Aside from the online profiling for the Stanbic E account mutual fund app.
Do I need to fill any other form for online redemption consent and how many days for payment after filling the form online or in the bank . Also does the redemption account have to be Stanbic?

You don't need to fill other forms once you complete the registration online

If you place redemption request before noon on any working day, you get your funds in your designated bank account same day otherwise you get it the next business day if you place redemption request on weekends or public holidays

Any commercial bank of your choice can be used as the redemption account, you don't have to be a customer of stanbic ibtc bank.

You can click the first link on my signature to open an account.

fungirl89:
Pls, is AXA mansard mmf still good (I withdrew my investment with them 4years ago). I want to invest there. Or advice me on which mmf to invest in

@fungirl89, it depends on what you mean by good. When it comes to fund managers and the funds they manage, good means different things to different investors.

Most times some things are normally considered by investors - rate, customer service, ease of redemption of funds, and online services ie the ability to access your account online.

currently as of today,
mansard 19.5%
Stanbic 19.90%
Norrenberger 17.0%
You can now consider other things that define what you mean by good.

However, since I sell for Stanbic and Norrenberger I wish you go with Stanbic to help my ministry.

To open an account for free, you need:
- passport photo,
- ID card,
- utility bill that bears your name ( your NIN slip can be used in place of a utility bill that bears your name)

Click the first link on my signature to start. You can also contact me if you need further clarifications my numbers are on my signature.

SetrakusRa:


is this after all their management & expense fees?

Yes, the rate displayed is net.

sleekybaba:
Can i use my Mutual Funds account to purchase stock shares? I want to buy Fidelity Bank Shares. Or i have to open a new account that is different from Mutual funds with StanbicIBTC again?

@sleekybaba, MMF and stock are two different products. You can't use MMF account to buy shares, you will need to have stock/cscs account to buy shares. Many years back you could buy shares in the primary offer without cscs account because paper certificates were printed then, but now shares bought even in primary offer will be credited to your cscs account directly.

If wish to buy the ongoing fidelity or any other company shares, open a stock account it takes about 72hrs to do that if no kyc issues.

You can open a stock account with investment one right away. Click the third link on my signature to do that.

Requirements is the usual kyc documents
Note: you don't need cash to do that. Account opening is free.

Get in touch if you need further clarifications.

Solution101:


Is there any possibility of the uneventful event of HERITAGE BANK befall any of the MMF MANAGERS ?

If yes will NDIC 5M benchmark apply too and if No how will redemption of fund happen.?

There is a reason why MMF is called low risk investment.

Bukkydudu:
Good evening house.

Please I checked my portfolio today and I saw UPDCreit shares, please which company took over UPDCreit because I can't remember buying any share in that name.

Thanks

The shares you have in UPDCREIT is as a result of your holdings in UACN and UACN Property. The divestment/unbundling of UACN from UAC Property and UPDCREIT about two or three years ago gives all shareholders of UACN and UAC Property some units of UPDCREIT in their portfolio. You can read the story in Nairametrics, NGX, or other websites that cover capital market-related news or even previous pages of this thread.

olig:
I get the point. It is still okay by me for now. Since my fund is save.

Please, how reliable is the Morgan Capital? Opening an account with Stanbic IBTC stock brokerage is tiring. I first spent many weeks before I could submit my application; it kept returning error. I contacted them and they said they will communicate with their IT. Many days passed, no response. I contacted them again, and again. I was only able to submit when I changed my Next of Kin address to the same address that I used. I wonder if it is a must for me and my next of kin to live in the same address.
After submission, I only got a notification that they will get back within 2 days. Many day passed, no response or confirmation of opening. I contacted them after like a week and they apologised and asked why I chose "others" in the source of investment. I explained to them and they said they will get back to me. The last communication was Friday last week. Since then, silence again.
I am getting tired of them. I just like them, but they are discouraging me now. I initially thought I will go with United Capital, because I just opened a MMF with them now.

I always prefer brockers and Fund Managers with parent bank or other affiliated financial institutions with good records.

@Olig the bolded should not be criteria to choose an investment partner as in fund managers or stockbrokers. Their efficiency has nothing to do with the parent body. It's true they are in the same group I can tell you it's just for financial reporting, in terms of operations and every other thing they have their interest. Banking and fund management are almost opposite as per the interest of the institution. Your first concern for any firm in the capital market should be whether the firm is SEC-regulated and its efficiency in handling customers. Having a bank affiliate doesn't translate to good customer service or the safety of your funds.

The best-proven way to get a good financial institution in the capital market is through referrals from existing customers with unbiased feedback.

olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Read from the link below:
https://nairametrics.com/2022/02/07/investment-one-financial-services-limited-sells-its-mutual-fund-and-pension-subsidiaries-to-guaranty-trust-holding-company-plc/

It will give you an idea.

When Investment One sold its mutual fund business to GTBank, GT fund managers came into being, as GTB decided to have a HOLDCo structure. What you have as GT MMF today, used to be called Abacus money market fund.

It would be ethically wrong to share other details about why you don't hear or see any posts about them here because it would amount to demarketing.

shegoon:
Hello house! How authentic is mutual fund investment with fintech investment coy like cowrywise and bamboo. Can one invest in cowrywise mutual funds which also has ibtc mmf, coral,meristerm.trustbanc, United capital etc.

Fintech don't have mutual funds they are helping to sell for the various fund managers.

You can as well subscribe directly without using d fintech and use d app of the fund managers.

megawealth01:
I heard banks have started advising their staff to take up their shares...

Seems like students, workers, market women and men etc will soon be persuaded to do same... Maybe very soon we will have shares marketers in the streets of Nigeria

This is not new. We saw the same scenario play out from 2005 to 2008. But I think the investing public is better informed now than before.

Stock investment is not rocket science, you need knowledge, patience, consistency and ability to control these two emotions - Fear and greed

CatchMeIfUCanMO:
I am new here, can someone help in putting me through this, that is explaining what this is all about please?

PS: The best asset managers with best rate to use and other infos.

Chat me up for a voice note that explained some basic things about mutual funds particularly MMF and how it works.
You can also read through my past posts on this thread you will have basic understanding of MMF.
Meanwhile, stanbic, SFS or Norrenberger are fund managers you can open account with.
The first two links on my signature will give you access to online registration form for Stanbic and SFS.

yinkaoke:
Please how true is this, you lodge cash dollars into your dom account and the bank now says you can not transfer cash lodgment except you withdraw .
I thought its been reversed please help

@yinkaoke, that is the CBN current policy on using the dollars in your account. It's the way the dollar enters that is how it will come out.
If it was a cash deposit, you must withdraw; if wired, that is when it can be transferred.

Sincerely, this has been one of the major issues many investors have concerning dollar funds investment.

However, Norrenbeger Asset Mgt. has tried to overcome the hurdles by accepting dollar deposits or naira for the Norrenberger dollar fund.
You can chat me up or complete the attached form to open a norrenberger dollar fund account.