₦airaland Forum

JaySterling:
Can someone advise me which is better

Gtbank MMF or Stanbic MMF?

I plan to invest up to 10M and I want good interest rate for my money.

Come over to FSDH and invest in Coral Money Market fund it's currently 13.65% net interest rate as of 9th November 2022 and it's still upward looking

Click on d link on my signature to open account for free or reach me with the number on my signature if you need further clarification.

OBAGADAFFI:
Is OKOMU paying interim dividend twice a year?

It's a new development.

Q2 interim N7 and now Q3 interim of N2.
Total interim this year N9.

Oil money whether under d ground as crude or top of tree as palm is sweet money.

Dividend lovers enjoy while it last.

For those who wish to participate in tomorrow's primary auction of Tbills, you have to be at your bank latest by 10am this morning to apply otherwise you wait for another two weeks.

Alternatively you can register for Coral money market fund managed by FSDH anytime.
Click the link on my signature to start with as little as 5,000.

Biakwa:
Do you think the rate may go up?

Going by current MPR and inflation, with other economic realities rate suppose increase.

However it depends also if the government is willing to increase cost of local borrowing.

Donbrig:
Please when is the next treasury bill auction?

Next Wednesday 26th October 2022

Tohmey:
Thanks, any online platform to learn about it

Take sometime to go through previous pages on this thread. You can also go through my previous posts as well. A lot has been said by many great analyst here.
Going forward visit this thread often and ask questions.
Don't forget to set your investment objective which will be a guide to you as you embark on your investment journey.

Tohmey:
I'm new to stock, i just created account with wealth,ng
Help Which Nigerian stock can i buy now and profit within next 2months?
Help a bro

This is not the best way to start if you are new to stock. Get education. The first step to stock investment is to learn how it works.
Read! Don't be in a hurry. Stock investment is a marathon not a sprint.

yeddy99:
a friend has some stocks purchased through cashcraft. he can't even remember all stocks and qty purchased.
please he needs advice on how he can access his stocks.
thank you

Though cashcraft is dead, all the stocks both known and unknown can be recovered since they were bought on the floor of the NGX.

Call/chat me with the number on my signature to know how.

A very good alternative to tbills is Money Market Fund.

SOME REASONS WHY I WILL PREFER MMF ARE:

You can start mmf with much lower amount compared to tbills. With 5,000 you can start investing in Coral mmf. The least for tbills is 100k.

When rate increases, it will not affect already invested funds in tbills but it does with mmf

You can't top up with tbills. Top up is very possible with mmf even if you want daily top up.

Terminating before tenor expiration in tbills comes with penalties. For mmf after just 30 days, exit is without penalties.

mmf has other instruments like commercial papers that contributes to its rate.

You can easily automate reinvestment of interest in mmf ie taking advantage of the power of compound interest.

It's the investor that determines mmf tenor hence you can hold mmf as long as you wish no restrictions, tbills particularly primary auction has fixed tenors 3 months, 6 months or 1 year.

Right now mmf rates is on the rise.

CORAL MONEY MARKET FUND

Coral money market fund as the name implies is a mmf

Principal underlying asset is treasury bills and commercial papers hence there is little or no risk at all. You can only lose money if the country no longer exist.

The interest is daily valued. It's currently 11.56% and it's upward looking base on economic realities right now – MPR 15.5%. Interest can't be fixed because of market forces on tbills but be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then Coral mmf is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter ie Jan 1st, April 1st, July 1st, and Oct.1st. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for monthly interest payment.

Your capital and interest are guaranteed.

The minimum holding period is 30 days and the initial deposit from 5,000.

Parties to the fund:

Fund manager – FSDH Asset Management
Trustees: UTL trustees
custodian: UBA
regulator: SEC

You can do everything online- register and monitor your account.

Depositing money is not restricted it can be any amount and at any interval without a specific pattern.
Whenever you invest in the fund, your interest is prorated to cover the period of your investment before the payment date.
That means if you register and invest say 17th October 2022 you will be paid interest from 17th to 31st of December 2022 on 1st of January 2023 for that period and continues till another payment date.

You can invest in Coral money market fund with the current rate of 11.56%

To open an account, click on the link on my signature/contact me.
KYC requirements for online registration are:
- Passport photo
- Utility bill not older than 3 months, other documents you can use in place of utility bill are: NIN if you didn’t use it as your ID and the front page of your signed bank account statement.
In any of the cases, the address on the utility bill or any equivalent should be the same as what you indicated on the registration form.
- ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
- your signature
you can also reach me with the phone number on my signature if you need for clarification.

A very good alternative to tbills is Money Market Fund.

SOME REASONS WHY I WILL PREFER MMF ARE:

You can start mmf with much lower amount compared to tbills. With 5,000 you can start investing in Coral mmf. The least for tbills is 100k.

When rate increases, it will not affect already invested funds in tbills but it does with mmf

You can't top up with tbills. Top up is very possible with mmf even if you want daily top up.

Terminating before tenor expiration in tbills comes with penalties. For mmf after just 30 days, exit is without penalties.

mmf has other instruments like commercial papers that contributes to its rate.

You can easily automate reinvestment of interest in mmf ie taking advantage of the power of compound interest.

It's the investor that determines mmf tenor hence you can hold mmf as long as you wish no restrictions, tbills particularly primary auction has fixed tenors 3 months, 6 months or 1 year.

Right now mmf rates is on the rise.

CORAL MONEY MARKET FUND

Coral money market fund as the name implies is a mmf

Principal underlying asset is treasury bills and commercial papers hence there is little or no risk at all. You can only lose money if the country no longer exist.

The interest is daily valued. It's currently 11.56% and it's upward looking base on economic realities right now – MPR 15.5%. Interest can't be fixed because of market forces on tbills but be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then Coral mmf is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter ie Jan 1st, April 1st, July 1st, and Oct. 1st. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for monthly interest payment.

Your capital and interest are guaranteed.

The minimum holding period is 30 days and the initial deposit from 5,000.

Parties to the fund:

Fund manager – FSDH Asset Management
Trustees: UTL trustees
custodian: UBA
regulator: SEC

You can do everything online- register and monitor your account.

Depositing money is not restricted it can be any amount and at any interval without a specific pattern.
Whenever you invest in the fund, your interest is prorated to cover the period of your investment before the payment date.
That means if you register and invest say 17th October 2022 you will be paid interest from 17th to 31st of December 2022 on 1st of January 2023 for that period and continues till another payment date.

You can invest in Coral money market fund with the current rate of 11.56%

To open an account, click on the link on my signature/contact me.
KYC requirements for online registration are:
- Passport photo
- Utility bill not older than 3 months, other documents you can use in place of utility bill are: NIN if you didn’t use it as your ID and the front page of your signed bank account statement.
In any of the cases, the address on the utility bill or any equivalent should be the same as what you indicated on the registration form.
- ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
- your signature
you can also reach me with the phone number on my signature if you need for clarification.

For investors in UPDCREIT, see the latest

yak:
If the rate is fine, I wouldn't mind the delay.
In fact I'm thinking of dividing my capital into 2 and run a 6 month comparison on 2 different platforms to see the difference in ROI

You can come to FSDH for a better rate and good customer service. The net rate is 11.27% for the Coral Money Market fund.
Apart from the usual option of reinvestment of accrued interest, you can also opt for monthly interest payments.

Opening an account is simple and free. You can contact me with details on my signature.

just2endowed:
oga emmasoft, my FSDH app cant login as i forgot my usersname and password

Please chat me with the phone number on my signature.

Standardguy:
Please how long does it take the fund managers to pay/distribute dividend on Mutual fund after the end of the quarter?

Always between 1st and 7th into the new quarter.
Reinvestment is usually done earlier before cash payment into investors' bank accounts

4tunebest:
Please has UPDC REIT paid dividends after postponing the payment date?

I'll appreciate a response.

Thanks all

The postponement was done without a new payment date. So investors are in waiting mode for now.

VeeVeeMyLuv:
thanks alot

Let me know when you wish to come onboard.

You can chat/call. Phone number is on my signature

VeeVeeMyLuv:
Thanks
So the accrued interest payment is not upfront? Do u have to wait till the end of tenor?

Is this rate uniform across board irrespective of the TIME (number of Days) and principal invested? Unlike in tbills.

There is no tenor per se. It's d investor that determines the tenor ie you can invest as long as you wish as short as 30 days or as long as you wish.
The accrued interest is paid at the end of each quarter ie end of December, March, June and September respectively irrespective of the date you start your investment the payment date is the same the interest is prorated.

The prevalent rate affects both old or new deposits.

VeeVeeMyLuv:
We are offline leave a message

How does it work?

Coral Money Market Fund (CMMF)

Features:

Rate as at today 11.29%

Minimum investment of N5, 000.00 and subsequent investment of N5, 000.00

Invests 100% in fixed income securities and money market instruments

Fund Manager: FSDH Asset Management Ltd
Lower risk
Custodian: UBA
Trustees: UTL TRUSTEES
Regulator: SEC

Reinvestment, quarterly payment or Monthly withdrawal of interest allowed

To open an account for free contact me with the details on my signature


MAKE THE RIGHT MOVE NOW

If you are looking for the following:

- High interest rate double digit
- Monthly payment of interest
- Quarterly interest payment
- Compounding of interest
- Easy entry and exit
- Top up of funds at anytime with ease
- No WHT on interest
- Interested in Long or short term for your
investment
- Safe and guaranteed capital
- Superlative customer service then come over and invest in
CORAL MONEY MARKET FUND
managed by FSDH Asset management
You will never regret your decision.

Contact me with the number on my signature to open account for free.

[quote author=Justcul post=117316539]Why is no one talking about the current FGN bond at 12.38 percent? Not a good deal?[/quote

At the current rate, MMF is a better deal.

Get in touch to know more about the coral money market fund correctly at 11.29%

Save to Spend

Make end-of-year spending easy by investing your intended budget in the CMMF and get 11.48% extra to spend.
Don't put pressure on your finances, save weekly, monthly, and any amount you intend to spend for end-of-year activities
in the Coral Money Market fund managed by FSDH. We have the best rate currently.

Talk to me for more.

Save to Spend

Make end-of-year spending easy by investing your intended budget in the CMMF and get 11.48% extra to spend.
Don't put pressure on your finances, save weekly, monthly, and any amount you intend to spend for end-of-year activities
in the Coral Money Market fund managed by FSDH. We have the best rate currently.

Talk to me for more.

Save to Spend

Make end-of-year spending easy by investing your intended budget in the CMMF and get 11.48% extra to spend.
Don't put pressure on your finances, save weekly, monthly, and any amount you intend to spend for end-of-year activities
in the Coral Money Market fund managed by FSDH. We have the best rate currently.

Talk to me for more.

IgiveLadiesBj:
Hello my people, please I need help on how to sell my Dad's shares in Zenith and Access.

I stumbled across his shares certificate. I remember some time he told me about them before his demise.

Please who has been in my shoes and how do I go about it.

Like how long does it take.

Is it something I can get done in 2-3 months?
How do I calculate how much each certificate worth?

If he left a WILL it will be easy but otherwise there are processes involved. It's better you use a professional service. Get in touch with meristem.

Backpedal:
At this point sir

My advise will be to HODL...


Liquidating right now will crystallize your loss

FEAR NOT THE BEAR IS JUST PASSING

Currently, the market situation is differentiating the trader from the long-term investor.

Unfortunately many folks here are using the trader's or short-term eyes to look at the market even when they had a long term as objective and this has brought a lot of panics.

I will advise you don't get high BP for anything.
If you are invested for the long term take away your eyes from the market except if you are coming to buy more to avoid unnecessary panic.

The bear is just passing. The market will always have two positions - up or down

You will need to panic if:
The company you invested in has financial issues
Management issues
Regulatory issues
Drastic and consistent reductions in earnings and bottom line

If non of the above and just general economic situations (external factors) you don't need to panic.

For example, a long-term investor bought Okomu for N38+ in 2008 before the great crash and the price went to N12 after 2yrs or thereabout they gave a bonus of 1 for 1, the company has paid dividends since that 2008 till date, now the price is over N150. You can do the maths.

So don't panic about selling just wait and you will be happy.


Suggested actions:

- Buy more if you have the cash you don't need for now
- Remove your eyes from your portfolio
- Do more research on the company you invested in and follow their earning reports closely.
- Be sure your stocks are good and dividend-paying companies.

However, If you are risk averse, don't bother coming into the market in the first place.
Do money market fund instead.

You can do Coral money market fund managed by FSDH rate is 11.479% as of today.

Check up my earlier post here https://www.nairaland.com/878880/treasury-bills-nigeria/2096

Wapgod:
What will be the effect of the MPR increase to treasury bills?

Increase rates for all tenors

zamirikpo:
Whats the implication of this news, does it mean that 15.5% would be the benchmark or should I say minimum interest rate, henceforth.........

15.5% now becomes like a yardstick for the measurement of interest rates on all money markets and fixed income instruments. Most fund managers will want to have rates equal to or more than MPR.

The ultimate however is to beat the inflation rate which is almost near impossible but having a higher rate is better than just leaving cash to stay idle without investing it.

The hike will definitely cause much activities in the fixed income and money market segment.
While it's a piece of good news for funds, tbills, bonds CP etc it's the opposite for the equity, particularly traders and in the short term.

On the long term, ie for the high risk tolerance investors it's actually a good opportunity for the accumulation of good stocks with very higher dividend yields.

High MPR Better for Money market and fixed income instrument

With the MPR at 15.5% and as a conservative investor, the coral money market fund CMMF managed by FSDH will be your best bet.
The rate is currently at 11.27% even before the hike in MPR so expect higher returns going forward.

Click the link on my signature or call/chat me up to open CMMF account for free.

NL1960:
Iam aware of this. This has been on the form from the time there was no N50m limit. So i doubt the banks have changed the forms. If they had not changed it, it could be that there are customers that have the minimum N50m to bid at their own rate.

Even when you have the 50m it's always advisable to go with the bank rate to avoid any disappointment.

Maxilight:
The last time I visited FBN to be precise to make inquiry about tb and they told me they no longer sale tb to private individuals but cooperation.

Please note that not everybody working in the bank knows about tbills and investments generally. In fact some branches of banks can't help you when it comes to tbills.

You need to visit other branches if you didn't get positive response from the particular branch you visited.

Investors in Lagos are more advantageous in this regard because you have more bank branches to choose from.

Most of the branches in high brow area or business districts/commercial hubs will be better to visit and make enquiry.

Banks will always do tbills because when they help you do tbills it's a win win case, they benefit and the customer benefits as well.
It's the FG that does the paying.

Maxilight:
Please help with the right info. Where, how and when can one buy treasury Bills. Thanks

Where: Any commercial bank where u have an account preferably IBTC or FBN

How: walk in to your bank at the customer care tell them your mission you will be given form to complete to that effect.

When: latest 10am on Tuesday before the Wednesday of the primary auction which is fortnightly. Since there was non this week Wednesday, then next week will be another day for primary action.

However, if you wish to enjoy the privileges of tbills and other safe money market instruments and also able to invest anytime with as little as 5,000 with higher rate, you can subscribe to the coral money market fund managed by FSDH currently 11.27% as at yesterday

Get in touch with the contact on my signature.

ernie4life:
Baba you Don japa to FSDH!

Na so my oga

essentialone:
How much is their dividend?

17kobo