₦airaland Forum

AoifeNightfall:
What is the least amount of money I can use to open a stockbroking account?

At investment one cscs/stockbroking account opening is free.
Just click the link on my signature and complete the online form.

After the account is opened you can start investing with any amount you have.

As a matter of fact you can start investing with any amount that can buy at least one unit of the stock you wish to buy. ie no restrictions as per amount to invest. Come to the market with as much as you have - 1,000 or less to as much as in billions you are good to go.

AoifeNightfall:
What is the least amount of money I can use to open a stockbroking account?

At investment one cscs/stockbroking account opening is free.
Just click the link on my signature and complete the online form.

After the account is opened you can start investing with any amount you have.

As a matter of fact you can start investing with any amount that can buy at least one unit of the stock you wish to buy. ie no restrictions as per amount to invest. Come to the market with as much as you have - 1,000 or less to as much as in billions you are good to go.

Jerry59:
Good Evening emmasoft

I've been following this thread and the TB thread and I've decided to try the Abacus MMF

My question now is: Does it have an app where I can be monitoring my investments?

Will I need any form of ID verification?

I'd love to test the waters with 100k and then increase when I understand how it works fully

Kindly provide a Whatsapp number I can reach you on to fast track the registration.

Thanks

You are welcome. Everything you need to come onboard is as we already discussed on WhatsApp.

mahommie29:
Good morning my people, for every dividend paying stock i purchase through my broker, am I supposed to fill an e-dividend activation form?

Yes if the stock is not managed by the same registrars you already have mandate with.

If it's the same registrar no need to fill a fresh mandate just send a mail asking them to update your current mandate to included your recent purchase.

For example you will not need to fill a fresh mandate if you have mandate with first registrars and you just bought fidelity bank.

WhoDeyThere:
Thanks boss. Please how do I gp about opening the trading account

To open a trading/cscs account, click the link on my signature complete the online form and you are good to go.

Requirements for account opening:

1. Passport photograph
2. ID card which can be any of Int'l passport, voters card, NIN slip or national ID, Drivers license
3. Utility bill that is not older than 3 months
4. Your signature.

The above requirements will be uploaded on the last page of the online form, you don't need to be at the physical office, everything is done online including the trading of stocks.

Kubold:
Thanks a lot for this. Please which stockbroker will you recommend?

I recommend Investment one. To open a trading/cscs account, click the link on my signature complete the online form and u are good to go.

NB: investment one will not ask for cash to open any of its product account including cscs.

Account opening is free.

You can also contact me with the number on my signature if you need further guidance.

WhoDeyThere:
Good afternoon bosses in the house, please how do I login into my cscs account opened for me during the mtn public offer?

.

The cscs opened for your is not a trading account. It's just to warehouse your shares which is a replacement of physical certificate for shareholders without a trading account.

You will need to open a trading cscs account with a broker then visit Coronation Registrars to let them know you now have a cscs account with a broker and want your shares transfered in. You will be guided on what too do.

Kubold:
Man. Is there a way to get this in-depth knowledge of the market you guys have? I have been sifting through the group from page 1 but there's a ton of stuff... I really want to invest and earn from promising stocks down here.

Don't rush, the race you are getting into is not a sprint but a marathon. You can't get everything in a jiffy. It takes time. Actually the knowledge of the stock market is gotten both by reading and experience. It takes some time. Start with the little you know and keep at it.
All gurus was once a novice. It's a matter of time if you have the interest you can get the knowledge and experience with time.
It's always good to start stocks investment having a long term in view and build your confidence gradually before diving into trading. If you start trading as a novice it may seems to you like gambling.

First thing is to open a stockbroking account and as you read and get exposed to some stuffs on this thread, filter the chaff from the wheat and go ahead and practice.

Remember no superman in the stock market, sometimes you win and sometimes you lose; even people like Warren Buffet can get it wrong at times so be prepared! Hope for the best but prepare for the worst.

emmanuelewumi:
You need to be patient, dont expect spectacular result from GTB for the next 2 years or thereabout

True. Except there is anything hidden we don't know because the holdco structure is costing them alot and for them to regain the status of the GTB we know there will be need to get back to the drawing board to restrategize and this will take some time.

safepaulooo:
It's important to keep in mind the main source of earning for UCAP as an investment firm. VOLATILE MARKET. The huge returns gained in 2021 which is blowing up its share price currently, is from investment made in 2020 capitulation due to COVID wahala, unforgettable March 2020. How often does this occur? So don't expect UCAP to continue at current momentum. When market volatility is absent, UCAP remains quiet, but after a market crash it bounces up strong due to humongous gains from the crash. The more severe the volatility, the greater it's gains. So operate UCAP as a function of market crash and volatility. My 2 cents...

UCAP is not just a stockbroking firm.They do more than just buying and selling stocks
It's an investment bank.

Monibabakan:
Maybe he's still waiting for fire �in Katanga

https://doclib.ngxgroup.com/Financial_NewsDocs/35138_UNITED_CAPITAL_PLC%20_AUDITED_FINANCIAL_STATEMENT_FOR_20.pdf

Dividend N1.50

Ades1:
Someone knows something, I think. We’ll find out soon

According to their notice in December the board meeting of UCAP was yesterday, most likely the result is already seen by some insiders

yMcy56:
Emma, sorry to say that I didn't totally subscribe to this.
Of course I know you're very knowledgeable in this field........and yes, you were right with CSCS being the Koko in as much as the qty bought was complete and all that....

.......but someone like me, cost price and breakeven price are very important to me, so my understanding of cost price may have to do with the particular broking firm with their brokerage charges........

** Therefore, what I'd observed about this was that........cost price has to do with the stock in question, the price purchased and the charges involved....
For instance, if I buy Chams for say 0.20k, my CP shouldn't be more than 0.21k and 0.21/0.22k as breakeven price........ DEPENDING on the volume acquired............ This can't be said of Fidson at 8.00, Zenith @26, NB @48, MTN @198 or even Nestle @1400..........they'll all come with varied higher Cost & Breakeven prices.

We are learning here, and I think having much knowledge of how this works is beneficial as well.

Sister Mercy, The bolded is correct and that is what was done for the MTN price that brought the average cost higher than what it suppose to be since the system take it has if the MTN was bought at the current price with corresponding charges. The whole wahala is just software design and application as you can see no money involved.

joboy834:
Hello my people,

I just noticed that my MTN public offer has been updated in my MC trading account. The total number of shares is correct, but the Ave cost is wrong. Should I need to escalate. I was expecting an average cost of 168.5, as my previous Ave cost was 168 before the PO units, but to my surprise the current Ave cost is now 180.1.

Please advise. Thank you

There is nothing to worry about it's a system configuration of must trading platform.

This is how it works: Anytime shares enter your account on the trading platform apart from any purchase made by you, it goes in at the current market price so what you see is like you bought MTN at say 194 or there about even though the offer was 169 which is not on the trading machine presently. The real value of your MTN is what you see on your cscs statement. Same thing happens if you move your stocks from one house to the other, If you want those stocks to appear on your trading platform instead of just on your cscs, the stock prices will be calculated with the price at the date of the movement even though you didn't fund your account you will see a different average price.

Example I bout Nestle less than 1,000 some years back. I needed to move the stock to another house and needed the stock to appear on my trading platform in the new house. As we speak the average price of Nestle is 1,403 with some fractions because on the day of the transfer Nestle was close to 1,500

So nothing to worry about. Leave computer to do its own; you just know the amount you bought on the average.

I want to say again those trading platforms are as the name implies just for trading, the most authentic instrument as per your portfolio quantity and value is the cscs statement from online if you are a subscriber to cscs plc or from your stockbroker.

However, you can draw their attention to it if you don't mind. They could correct it manually but the truth is that average price of your MTN shares has nothing to do with the value of your stock.

Ojix85:
I believe an investment one account would be required correct?

All you need is to open a stockbroking account with us with that you have your
cscs account and CHN to be written on the space provided on the subscription form

Ojix85:
How can one subscribe to this Savings Bond offering?

Download form from https://www.investment-one.com/stockbrokers/downloads/

Payment: Funds should be paid into our bank account with details below;
Account Name: Investment One Financial Services Ltd
Account Number: 0004473197
Bank: Guaranty Trust Bank Plc

MGeey:
I really like this but I'm still kinda skeptical. How safe are people's investment? You have stated that it can only fail if the country stops to exist. I'm searching for reviews online and hope to be convinced if it's dependable and trustworthy. Can one invest using dollar?

You don't need to be skeptical. All products of investment one are regulated by SEC. In fact the latest development should give you more confidence, the mutual funds arm of investment one is now under GTCO.

There are many folks here having MMF and stock account with us they can testify. Some have subscribed to Abacus as far back as 2014 and still counting.

I assure you there will be no issues whatsoever.

You can invest in dollar fund ie vantage Dollar fund - VDF

For any of the product, it's same method of account opening.

Just click the link on my signature and pick as many product as you wish and all accounts will be opened with the same kyc documents submitted.

Looking forward to having you onboard.

Elderniercri:
Please how do I check my CSCS account, I’ve only just started this thing with mtn shares and I want to get a hang of it.. Google is just taking me everywhere and nowhere

send a mail to your stockbroker asking them to send you your cscs statement.

janga:
Gtco plc buy back investment
-one fund management limited

A good development.

donstevewrites:
ok i gerrit now, let ask another bear with me.
when say 8.4 percent interest per annum for example and interest is earned daily. do you mean 8.4 percent per annum by the number of days invested.?

Yes. Let's say you invested 1m and using 8.4% PA you have 1,000,000*8.4/100 = 84,000 for the year assuming you never top up, then for one day you have 84,000/365 which gives 230.14

So each day you earn 230.14 which is in accrued account till the payment date when it will then be added to your capital if you opt for reinvestment of interest otherwise paid to your bank account.

However, if you made any top up, your interest will increase daily since your capital becomes higher and interest decrease if you make any redemption.

donstevewrites:
good evening bosses in the house, i have a few question.
investing in Abacus or IBTC MMF, which would you recommend. and are the returns calculated on monthly basis and how are they calculated. and is it safe to invest their eurobond offers?
thank you my people

Abacus 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 ranging from 6.96 to 8.41% and it's upward looking base on economic realities right now. 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 low risk appetite then Abacus 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, Oct. 1st. You can also give instruction for your interest to be reinvested (compounding) which will be done automatically on those days as mentioned earlier. The one for last quarter was done January 1st

Your capital and interest is guaranteed.

minimum holding period is 30days and initial deposit from 1,000.

Parties to the fund:

Fund manager - investment one
Trustees: United capital trustees ltd.
custodian: citibank
regulator: SEC

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

Depositing money is not restricted it can be any amount from 1,000 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 Feb 4th you will be paid interest for 4th to 31st of March for that period and continues till another payment date.

To open account click the link on my signature or get in touch with the phone number.

Oziens:
Hi Guru in the house,

Have few million buck which I committed to T.bills sometime last year and will be maturing soonest.

Pls your advice on best investment yield other than T.bills which was only 6.7%ROI.
Also, will appreciate if you could explain in details (simple terms) Money market fund investment, it's instrument of trade and how it work.

Lastly, with the rate of naira devaluation against dollars, is it appropriate to leave your idle fund in Naira and what is your take on US shares?

Many thanks.

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 compare to tbills. With 1,000 you can start investing in Abacus 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.



ABACUS MONEY MARKET FUND

Abacus 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 8.41% and it's upward looking base on economic realities right now. 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 low risk appetite then Abacus 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, Oct. 1st. You can also give instruction for your interest to be reinvested (compounding) which will be done automatically on those days as mentioned earlier. The one for last quarter was done 1st January

Your capital and interest is guaranteed.

minimum holding period is 30days and initial deposit from 1,000.

Parties to the fund:

Fund manager - investment one
Trustees: United capital trustees ltd.
custodian: citibank
regulator: SEC

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

Depositing money is not restricted it can be any amount from 1,000 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 27th January 2022 you will be paid interest for 27th to 31st of March on 1st April for that period and continues till another payment date.

You can invest in Abacus money market fund with the current rate of 8.41%

To open account, click on the link on my signature. KYC requirements for online registration are:
Passport photo
Utility bill not older than 3 months,
ID card
your signature
you can also reach me with the phone number on my signature.

US stocks is not a bad idea but your risk tolerance level is very important to consider when venturing into equity whether US or Nigeria.

eleojo23:
Good day guys.
Please I want to know. Are mutual funds interests paid monthly or at the end of the tenor? For instance FBNquest Money market fund.

Generally MMF interest is earned daily and paid quarterly.
However, each fund managers may have their modalities.

There is nothing like tenor in MMF, the period you have your money with the fund manager is determine by the investor.
It could be as short as 30 days or for life.

NL1960:
Unfortunately i do not like moving investments up and down as that will entail me terminating my VGIF for Abacus which will also mean that once Abacus goes down, i terminate again and move.

No, you don't need to terminate. Once you open your Abacus account it's the same customer number you will be given.
To move your money, you don't need to terminate one for the other.

Just send instruction through the redemption form and the money will be moved without any cost.

You can just leave say 50k in your VGIF and any time VGIF is doing better you do the same thing and move from Abacus.

It's just like having two accounts with the same bank and using just one account name and same debit card. The accounts are linked.

NL1960:
@emmasoft, are you guys paying any extra on VGIF?.

For now nothing has been said about it.
If anything comes up all subscribers will be informed.

Main while you can take advantage of the current good rate of Abacus money market fund.
8.41% as at yesterday.

emmanuelewumi:
Nothing like part liquidation.


You can have partial liquidation of your money market fund Investment but it is not possible with Treasury Bills

The bolded is one of the advantages of Money market fund over Treasury Bills.

MGeey:
Please what is the current interest rate of stanbic IBTC MMF? I just got told 4.7% but thats not what i am seeung online.

Also which bank is offering the best MMF now in Nigeria?

MMFs are daily valued.
As at today
IBTC MMF is 7.37%

ABACUS MMF is 8.41%

Banks don't do MMF directly. Their Asset management subsidiary for those having a HOLDco structure do. It's basically the job of fund managers like investment one.

iby2000:
Good Morning House.

Please has anybody received the 1:1 Bonus declared by Cutix Plc?

I have received my Dividend since December last year.
But i am yet to receive the 1:1 Bonus share declared by Cutix.

When it come to the issue of bonus it's only the qualification and closure dates that are fixed the date of crediting investors' cscs accounts is always left opened, investors are at the mercy of the regulators.

Just be patient. They will credit it, sometimes when you least expected.

BabsO2:
Based on their Q3 results their EPS will likely drop from about N7 to about N5 in 2021 full year. Even if it drops to N4 will CBN stop them from paying total dividend of N3. As the drop is most most likely temporary.

Whatever they will pay will always depend on their earnings and dividend policy. CBN is a regulator, they will not stop them from paying what their earnings support.

Ades1:
Is this just a gut feeling or there are actual numbers to back this?

They better not play with my income

They can only pay what their earnings support. If the earnings come out fine they will do as usual otherwise they have to stay within their earnings and more so the regulators are their to checkmate them.

Refinedbeing:
I'm in same situation as that man. What do you suggest. My dad actually gave my sister this Spring bank share certificates (2 certificates) and I think Afribank registrar's limited handles the share certificate. Now that Spring bank is defunct or maybe acquired by whom I don't know and even the certificates has 20th September 2006 as the date on both certificates. I just made some research online and it seems the registrar which is Afribank is still much open. Please guys how do I go about it to claim this shares. Everything is right here (I mean both certificates and Afribank registrar's limited letter that comes with it.

Please note that the investment is lost. Spring bank now Enterprise bank was nationalized ie taken over by the government and all shareholders lost out. It's currently Heritage bank.

It's not like Intercontinental that was acquired by Access.
Intercontinental shareholders have scheme shares of Access bank to collect though very little it's not a total lost as experienced by spring bank shareholders.
It's one of the downside (risk) for ordinary shareholders of a company. If the company goes down your investment go with it.

Wapgod:
Abeg where can i download the 2020 annual report of UPDC REIT pdf
I have looked for it everywhere online and i couldn't still find it

https://doclib.ngxgroup.com/Financial_NewsDocs/33303__UPDC_REAL_ESTATE_INVESTMENT_TRUST%20_AUDITED_FINANCIAL_.pdf