₦airaland Forum

teejay5:
House pls when is the next treasury bill auction

Since there was no auction last week, then it should be tomorrow. If you wish to participate get to your bank today before 10am to apply.

Kreos44:
When is zenith Q2 going to be released?

By regulatory rule, it will be released latest on 31st August 2023 because it's an audited half-year result that is expected.

hias2012:
Investing in equity fund is less risky than investing in stocks as an individual. The equity mix funds, particularly examples of those I had listed are split between money market and equity to further minimize the risks and with higher yields. Besides, you have experts managing same on your behalf. Fixed Income fund is basically not as yielding because it rides mainly on bonds, money markets, etc - hence it is called fixed income. There is actually no point investing on low income yielding investment these days except as a holding place in view of a major decision, and as opposed to savings in the bank. For someone like me with high risk aversion would readily settle for such mutual funds with history of satisfactory performance. So most saying invest in dividend stock should also advise that people look at these funds, which are a mix of equity and money market for the purpose of higher yield than money market alone. Especially here in this forum, where majority is like me - risk-averse investor.

When you invest in an equity-based fund during a bearish market you will understand better why I said investing in dividend-paying stock directly is preferred. True you will be told it's less risky and managed by professionals but the fact is that it's the state of the market that determines the returns on equity-based funds. Whether professionals or novices the market has a mind of its own.
However, go with what you are more comfortable with.
Your strategy or investment objectives matter when it comes to investing.

Audacius:
On e-dividends matter, this might help some persons also: It so happened that there was an error in the order of my name for BVN. It was different from the order with my bank.

BVN: Second First Surname.
BANK: First Second Surname.

E-dividends were unresolved till customer service pointed the error out when I went to resolve something else. A stockbroker confirmed the disparity will prevent dividend payment. I had to swear a court affidavit to get the BVN error corrected at the bank.

Shortly after, I got my dividends.

You are very correct, from experience, BVN name arrangement has prevented many investors from getting their dividends.

Actually based on the kyc drive that started about two years ago by the regulators using the stockbrokers, having the correct name arrangement on BVN, and all things being equal, investors can get their dividend even without completing the e-mandate form.

VeeInsider:
Thanks for this. Regarding your last line, can you list good stocks that pay dividends and how often are the dividends paid?

I'm new to dividend paying stocks.

You can contact me through the numbers on my signature or go to the stocks thread for answers to such questions to avoid derailing this thread because here the discussion is supposed to be restricted to mutual funds. Thank you.

hias2012:
Hi everyone, why is it that there is no discussion at all around other mutual funds like Balanced Funds, Fixed Income Funds, etc, in this forum?

Funds like Stanbic IBTC Balanced Fund, Iman Fund, which are also relatively less volatile, and some had yielded above 50% profit this year are never discussed here but only Money Market fund with abysmal return is getting so much attention. Is there any reason people are not interested in this category of funds?

Please let's hear from experts in this forum so many of us can learn.

Check my previous posts on fixed income fund particularly SFS fixed income fund which I'm involved in.

Most of the investors here tend to lean towards low-risk investment hence MMF is always discussed. Other funds like balance funds, growth funds, and equity funds carry more risk compared to MMF and fixed income hence most investors that will invest in such funds must have gained some confidence otherwise they remain with low-risk MMF. It's true that rates are low yet it's still better than leaving your money in a savings account. Remember it's a case of low-risk low returns and vice versa.

Another issue is the mode and duration of the returns on other funds, Some of them pay dividends once a year, and sometimes no dividends. The minimum holding periods of some of these funds apart from MMF are seen to be too long.

Personally, I advise my clients to invest directly in dividend-paying stocks instead of equity funds since it's practically the same risk involved.

jimmiedave:
Thank you so much for your response. The name of the stockbroker is ESS INVESTMENT, I tried contacting them, but couldn't reach them and before now i was trying to do some changes like change of address and email address but i was not able to do that, they say i cant do it myself except the broker because i bought the shares from secondary market, something like that. i have tried the e-mandate form but didn't work out. dont really know what to do. am actually in Lagos.

call/chat me up. See my signature for contact.

jimmiedave:
Good day to everyone here. pls i need help concerning some shares i bought years ago. i was introduced to shares in 2006, i decided to buy some, but till now i have not been receiving anything like dividend from any. the person that introduced me to it opened CSCS account for me then, I still have the details. pls what should i do. i bought Japaul, first bank and UBA. and concerning Japaul i don't know if is the same as japaulgold now or the stock is no more existing.
kindly advise me on how to start getting those dividends or possibly selling some of those stocks. Thanks

Since you have a cscs account, check the cscs statement, the name of the stockbroker will be there. You can find out if they are still active or dead or visit CSCS at the stock exchange building to ask for a printout of your cscs statement. Go along with a means of identification. If you are not in Lagos, send a mail to cscs asking for your statement, Please note this comes with a fee.

For the dividends, you can download and complete the e-mandate form from Meristem, Pace, and Africa Prudential registrars respectively to claim the dividends from the companies you mentioned. Note: for the UBA dividend, you can complete the mandate form from Africa Prudential Reegistrars' website.

Contact me with the numbers on my signature if you need more clarity.

Tohmey:
sir, which other investment that can give upto 20% per annum

I don't know of any government-regulated investment that can give 20% right now.
However, Just as I posted earlier, investment in the stock market can give you that or even more.

adedayo77:
There could be other investment vehicles that can give you higher interest but they also come with higher risk.

[b][/b]
Do you know any?

Investment in Stocks could give you more returns if you have what it takes. Remember return of investment is more important and to be considered first before the return on investment.

tenderjunkie:
Am I the only one having one funny error message when trying to access my stanbic mmf?

Everything is working fine with Stanbic MMF it's possible your network or device issue.

adedayo77:
With the inflation rate in this country, it's advisable to invest let say 5M in Stanbic mmf and getting the interest (gain) of 45k per month base on my rough calculation.
I think that 45k is too small compare to inflation rate.

It's true the inflation rate is high but your 5m loses more value when it's not invested in any instrument.
There could be other investment vehicles that can give you higher interest but they also come with higher risk.

Wotowotoman:
If all these people come t their own from salary, how man pikin go still get money to save

Actually, that is what happens to everyone in one way or another all over the world. These bills must be paid. Hence experts say PAY YOURSELF FIRST. One must be intentional about it. Remember the amount will differ based on your income but everyone that plans to have some financial freedom some day must just have to put some amount aside even if it's little at a time. Check again this book - The Richest Man in Babylon.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

From your pay/gains

The following has taken their portions
the landlord
the local foodstuffs seller
grocery store,
fuel stations
transporters
dependants
etc...
Don't forget to pay yourself first by investing a portion of your pay/gains in
the Stanbic mmf, SFS fixed income fund or stock of dividend-paying companies.

click the links on my signature to pay yourself in any of the investment windows.

Maximus85:
I need your help, myself and my three siblings bought Zenith share offer in 2004 and since then we have not been following it. What can we do to gain control of these shares?

Please I need your urgent response.

Thanks.

You guys will have to visit the registrar, Veritas registrars, Plot 87 Ajose Adeogun Street VI, Lagos just by Zenith Bank head office.

Each should go along with means of identification. Any of NIN slip, Voters card, drivers license is acceptable.

One passport photograph each.
At the registrar you will be given an e dividend mandate to complete and return back to them. That is what you need the passport photo graph for.

Each of you will also be given a demat form that will contain details of your holdings.
You will need a stockbroker to process the demat form this will help help to have your shares in electronic form in your cscs account.

You can open a stock/cscs account for free with investment one stockbrokers. Just click the third link on my signature to register.
You can also be in touch with my displayed contacts if you need further clarifications.

[quote author=yinkaoke post=124708978]Hello Emma, please when is the best time to buy into the dollar mutual funds now or end of the year or early in the year? Also is gt funds mgers okay ?

Thank you for your anticipated reply

/quote]

For best rate in dollar fund check out NORRENBERGER ASSET MANAGEMENT

Streetinvestor2:
I don't get it.why would the resident House charge me when they are not rendering any service to me.The only reason I would want to open another account is to move from another house.

Pls anyone who has transferred from active house before should share the cost implications.

What I posted is not what I was told or read in a book. It's what I know and do.

Streetinvestor2:
How long will it take to move from active house to investment one.And the cost implications

The time is much more dependent on the resident house.
If you already have an account with investment one and the resident house ie the house you are moving from cooperate maximum is 10 working days.

The cost implication or charges is on the side of the resident house. They will charge and it varies from house to house.

The target house ie investment one will not charge anything.

If you don't have account yet,
Click the third link on my signature to open account with investment one. It's free.
I'm also available you can get in touch.

CeeJeckydivah:
Meristem customer service is the most ridiculous and non chalant CS I've ever experienced.

I can't login my meritrade since last week I've been calm ,& trying to discuss with them on how to get the details/, password recovery. The same lady keeps giving me the same answers everyday as if she couldn't care less. So I can't be sent my login details whenever i request for them? Haba why? I mean put yourself in someone's position.

I had some money in their wealthbuddy platform. That one sef to process withdrawal na war.

They said to deposit before i get login details. I did but till today nothing.

Well na them sabi. I never get their time now.

Pls can anyone recommend a good equities broker i can trade with. Good interface and reliant customer service. Is cordros good? Also their minimum deposit for trading.

Sorry to derail the thread.

Thanks.

Come onboard investment one stockbroker. Easytrade platform has all you need to navigate the market.
I will also be on ground to do after-sales support when needed

Click the link on my signature to open an account for free.

IYGEAL:
I thought that of SFS is fixed?

No. Just that the volatility of the rate is less compare to mmf. The reason is because part of the underlying asset is FGN Bonds which bring about the major difference between mmf and fixed income fund.
Don't mistake it with fixed deposit in commercial banks.
Presently the industry is experiencing rate decline. The bullish run in the stock market could be a factor among others.

However, with the decision of the MPC today, rate could reverse pisitively in the days ahead.

REMEMBER!

Folks (traders/long-term investors, gurus/newbies) as we see the bull all over, dead stocks rising again, fundamental and non-fundamentally sound stocks showing green, 52 weeks high in stock prices, brokers recommendations full of BUY BUY and BUY.
Remember four obvious things:

1. The market can never be in one direction it's always in a circle of ups and downs
2. To control your emotions of greed and fear
3. your investment objectives.
4. 2008

enque:
cc Emmasoft

Don't panic!

Tohmey:
Ah ah, what is happening i join SFSFUND @11.04% now it has go down to 10.50% what is the cause?

General market outlook in the mutual funds space. SFS rate is still a rate to beat in the fixed income space.

adekzy:
Hello Emasoft noticed you are in stanbic now after dumping at Investment One and Co.... Lol

I have some idle fund of 5years in my Stanbic GIF with a
Total Contributions (Naira) = ₦620,836.44
Net Asset Value (Naira) = ₦812,067.06
Total Gain (Naira) = ₦191,230.62

Does the gain really worth it for a 5 years investment?
How do I mitigate and improve as I have stopped funding since 2020?
Do I need to diversify to Money Market, SFs or other equity fund?

Thank you.

@adekzy I didn't actually dump investment one it was GTCO that cause wahala or rather dump me but they are seeing the effect of their action now,
Well, that is by the way.
Sincerely I always prefer MMF to GIF of Stanbic any day any time. If you must do bond-related mutual funds SFS is a better deal.

For your type of strategy, ie just leaving your idle fund somewhere I will advise you to split and put some in mmf and the other in SFS.
the reason is that you will always gain either way from bonds or commercial papers and Tbills.
Click the second link on my signature to open SFS fixed-income fund account.
As usual you are free to reach out to me with my displayed contacts.

adedayo77:
My own app has not being working for few days now

You can do update or uninstall and install again.
I'm very sure the app is working fine from experience and feedbacks.

igbizen:
Please @emmasoft and ponzihater, is anything wrong with Stanbic IBTC mutual fund platform?
I have not been able to login for days now.

Everything is working well. I'm currently login to the app.
The issue may be from your network or device.
You can try the Web.

Generate your Virtual Account in SFS

For those who have already opened SFS fixed-income fund account, kindly generate your virtual account.
This will make the funding of your investment account seamless.

Generate your Virtual Account in SFS

For those who have already opened SFS fixed-income fund account, kindly generate your virtual account.
This will make the funding of your investment account seamless.

NL1960:
@emmasoft , my journey with IBTC Mutual funds has started. I funded my account yesterday morning and it was credited to my Mutual Funds account the same yesterday. Interest was also calculated on the amount as at this morning. I hope they keep up this efficiency as i will be topping it from time to time.

Wow! You are welcome on board. Congratulations.
Yes, you will get the best and I believe you will not regret your decision.
Main while always do your transfer very early in the morning preferably before 8.30am. The reason for this is to give room for interbank confirmation between your bank and the custodian (UBA) bank. However, the rule is that any transfer made before 12 noon will have same-day value and interest subject to time of comfirmation.

Thanks once more for using my link.

customstreet:
Era of given bonus issue is gone going by the new regulation that obligate every companies quoted on the exchange to cancel the shares different between issues and fully paid shares and Authorised share issue. But that does not mean companies cannot give bonus but has to go through long process.

True. Imagine MTN now still battling with SEC approval for the script dividend.