₦airaland Forum

moneymanager:
Only your number is on your profile and not your name sir

You hide your own name and publish another’s on a one on one email

That kind of ministry

@moneymanager we should not overflog this issue so that the information will not lose it's intended purpose. Details that prospects and clients needs to reach me with are available. Thank you.

moneymanager:
You removed your name for privacy but left the customer care persons name for all members of the group to see (her privacy matters too)

Also if someone in investment one is here, all they have to do is find out those she messaged recently and from there they can get who you are with this handle

So by protecting the privacy of the customer care person you are also protecting yourself

Everything I have there is official. By the way my contact is all over the threads. Check my signature.

By reason of my role, hiding my contact is like a crime.
My ministry must move forward nah

The mail is a public material. No hiding anything. If it's personal I can't share.

erwinschro:
Good morning house.

Please can the investment one professionals here get them to activate an open league in the virtual investment simulator. It was a very helpful tool to test and refine new investment strategies before deploying actual capital

@emmasoft @Dsticks47

Sequel to the earlier answer I gave, find attached response from customer care.

yMcy56:
Not known yet........by me anyway.
Anyone with useful info on the HOLDCo should pls share.
........but should it be different?

From experience with other banks that toll the same line, nothing will change.

erwinschro:
Good morning house.

Please can the investment one professionals here get them to activate an open league in the virtual investment simulator. It was a very helpful tool to test and refine new investment strategies before deploying actual capital

@emmasoft @Dsticks47

Noted. Once the modalities are put in place you will be informed.

XshegzzyeeiX:
So much financial education and liberation all over the pages of this thread. With nothing in my bank account, where will man start from. It's well.

To the elderly here, HAPPY FATHER'S DAY.

You have started already for the fact that you are here.

Alaska90:
Please what is the management fee for Abacus MMF?

Can I close my account at any time?

1.5% but note the rate on your investment is net of management fees. ie whatever rate you see displayed, all fees already deducted.
Yes you can close your account any time. You only lose 10% of your accrued interest if the closure is before 30 days otherwise you have nothing to lose. It's also good to note that Abacus account doesn't go dormant. You can fund it any time no matter how long.

Dollarwoman:
Emma, remember that interest rate is not stable. It fluctuates. So the 6.25% interest rate of today may turn to 18% or 3% tommrrow.

Of course I know. Calculation is base on the instance he gave assuming it's 6.25% right now. Practically interest is valued base on treasury bills performance.
With the current realities rates are on their way up. Earlier in the week Abacus was 6.39, it's 6.61as at yesterday.

emmanuelewumi:
In a period of low interest rates, the guaranteed income return will also reduce.

That is why it is good to be diversified, move your investment from one fund to the other and have a basic understanding of the economy

Exactly! you said it all. Diversify and portfolio balancing and rebalancing is the antidot to losses that will reduce values of your investments.

Ishiewo:
Boss, thank so much for this fatherly advice.

But, what if I have resolved on giving the stock market a try, what are the blue Chip companies that posit a somewhat reliable/stable pose.

I really appreciate your amazing response. God bless you.

Just as you acknowledged @erwinschro gave very sound options.

However, if you insist on doing stocks and if I'm in your position with the knowledge I have now I will invest the 170k like this:

Zenith - 70k
Gtbank - 50k
Ucap - 50k
reinvest the dividends from the stocks in Abacus money market fund.

Remember you still need to do your due diligence, get some basic knowledge about investment particularly stock investment.

You can open a stock/cscs, Abacus MMF account with investment one by clicking on the link on my signature.

I wish you well!

Alaska90:
Please how do you calculate the interest for Abacus MMF .... for example if the interest is 6.25%, is it per year or per month?

How do you calculate that please?

Interest on all SEC regulated investments is per annum. This is what now get prorated base on tenors and the investment product.

For Abacus MMF, the per annum interest is prorated to a daily interest which accrued and will be paid to you or reinvested quarterly.

Using the rate given, 6.25% per annum it means per day interest will be 6.25/365 ie 0.01712% per day.

So for investor who invested 1,000,000 the interest per annum is 1000000x6.25/100 which gives 62,500

Then per day interest will be 62,500/365days which gives 171.23 for 1day.

It’s this daily interest that will accrued to you and be paid each quarter.

I hope this helps.
You can reach out to me with the contact on my signature if you need further clarification on Abacus MMF

Folks, remember to compound your gains
By investing your sukuk gains in Abacus money market fund for more gains.
Read my earlier post or call me to get details

Folks, remember to compound your gains
By investing your sukuk gains in Abacus money market fund for more gains.
Read my earlier post or call me to get details

ojesymsym:
Talking about you, I must commend your team. Bolded happened same day. Amazing.

Thanks for the kind words.

We appreciate your patronage

SOME SIMILARITIES AND DIFFERENCES BETWEEN ABACUS MONEY MARKET FUND AND VGIF

Similarities:

They are both mutual funds and Low risk investments compare to stocks
Interest is earned daily, accrued and can be reinvested.
Capital and interest are guaranteed.
Redemption for both is 72hrs or less.
Opening account for both is same method and requirements.
Both funds can be invested in for minors
Bothe products accounts can be monitored online and with app.
ACCOUNT FOR BOTH FUNDS CAN BE OPENED BY CLICKING THE LINK ON MY SIGNATURE

Differences:

Abacus is money market fund while VGIF is fixed income
Rate of VGIF is benchmarked with SDF and can only change if the CBN changes SDF and will only take effect July 1st or January 1st. Rate for abacus is daily valued.
Underlying assets for Abacus are basically treasury bills and commercial papers; for VGIF it’s FGN bonds, some corporate bonds with very insignificant portion in stocks
Interest is paid twice a year for VGIF but quarterly for Abacus
Minimum withholding period for VGIF is 180days (6months) and 30 days ( 1month) for Abacus
Minimum initial deposit for VGIF is 50,000 and for Abacus is 1,000

SOME SIMILARITIES AND DIFFERENCES BETWEEN ABACUS MONEY MARKET FUND AND VGIF

Similarities:

They are both mutual funds and Low risk investments compare to stocks
Interest is earned daily, accrued and can be reinvested.
Capital and interest are guaranteed.
Redemption for both is 72hrs or less.
Opening account for both is same method and requirements.
Both funds can be invested in for minors
Both products accounts can be monitored online and with app.
ACCOUNT FOR BOTH FUNDS CAN BE OPENED BY CLICKING THE LINK ON MY SIGNATURE

Differences:

Abacus is money market fund while VGIF is fixed income
Rate of VGIF is benchmarked with SDF and can only change if the CBN changes SDF and will only take effect July 1st or January 1st. Rate for abacus is daily valued.
Underlying assets for Abacus are basically treasury bills and commercial papers; for VGIF it’s FGN bonds, some corporate bonds with very insignificant portion in stocks
Interest is paid twice a year for VGIF but quarterly for Abacus
Minimum withholding period for VGIF is 180days (6months) and 30 days ( 1month) for Abacus
Minimum initial deposit for VGIF is 50,000 and for Abacus is 1,000

exclusiveoloori:
Hello house. I have been trying to invest in Tbills through stanbic and first bank and it failed. Pls is there any other bank that is guaranteed or better still what other risk free investment can I opt into. Thanks

I will recommend Abacus money market fund managed by investment one along side treasury bills. There is easy entry and exit with your capital and interest guaranteed.

Open and monitor your account online by clicking the link on my signature. You can as well call/chat for details.

gbengafaro1986:
Yes but you may need to participate in a more vibrant market with active participation from all investment savy age groups to understand what he has pointed out, im also in the US Stock Market, investing in my Bloodline and i can assure you its not without its ups and downs, but you can see market reactions as clear as day there and you really can predict market behaviour much more easily....Sir don't be rigid ....I cant help but wonder why our market cant yet get there...I hope the leadership of the exchange can change its perspective towards encouraging much more active participations for much more financial inclusion

Not everyone that enters the market whether investors or traders smiles out. Some frowns out and some smiles out. That is how the market behave towards participants all over the globe. It’s not peculiar to NGX.

To help the millennials we need to change our emphasis from materialism to value building. We all must be involved.

The truth is that you can hardly separate the general economic status and the people of a nation from the stock market.

Our market will be better someday. We are not where we supposed to be, but we are not where we used to be.
Let’s hope and work for the best.

ojesymsym:
Thanks.
I had hoped that one could do it from within the porta.

Yes you can if the amount is not more than 500k

ojesymsym:
@emmasoft, please what is the process for withdrawing from VGIF and how long does the redemption process take?

If the amount you are withdrawing is above 500k, send a mail to customer care requesting for a redemption form. Complete the form and send back to them. In 72 hrs you get credited but of recent most clients get their redeemed funds in 24hrs max 48hrs.

Mfunkynation:
I have account already.
How do I find and start to invest

Good. If you already have account, Just make a transfer to the citibank account number sent to your email when your account was opened and
write your customer number as the description or narration while doing the transfer to make sorting easy.
You can as well send the evidence of transfer to customer care this is optional though.

Bank: Citibank
Account Name: UNITED CAPITAL TRUSTEES/ ABACUS MONEY MARKET FUND
Account Number: 0012706056

bepositive11:
Thanks for your comment. Which do you think is better? Investing long term or trading short term? How can newbies decide on the best strategy for them? Thanks in advance.

No one is better than the other. It has to do with your objectives ie reason you are in the market.

The truth is that trading is a profession and requires a lot to master the act and the truth is no trader or investor is perfect. One time or the other one can make some mistake and calculate wrongly hence you always hear the analyst saying do your due diligence.

There are some factors to consider though:

Your knowledge. Don’t go near trading if you are a newbie, it’s not a good way to start. Otherwise, it will seems more like gambling.

Risk appetite- most traders have high risk appetite, you could also increase your ability to take risk with time.

Passion- Both investing and trading has to do with what you want. Before you can trade you must want it not just because you see people doing it or you just heard there is money to be made.

Age. In most cases the older you become the more tendency to invest for dividend which is professionally advised to do instead of trading.

Employment status. If you are much engaged with your job and of course the nature of your job doesn’t allow much time for financial news, read chats, or get information it will be difficult to trade successfully.

Time available at your disposal. A self employed that has more time may find it easier to trade.

Some people do both by investing in good fundamental and dividend paying stocks while using some little percentage of their funds to trade/speculate.

For the conservative or low risk tolerance individual trading is a no no.

In all just do what works for you. Money will be made any which way. You are either on the fast or slow lane at a particular time but getting to your destination is the ultimate and most important.

Agbalowomeri:
You people should stop this investing/trading comparisons. As long as you sell or buy, whether taking advantage or disadvantage you are a trader.
As long as all man dey make money. Even our chief priest of buy and hold has learnt some trading tricks. We are all learning tricks to maximise returns

@Agbalowomeri the comparison is not for people like you na, you wey be master already.

Folks on this thread or visits this thread needs the comparisons so that they can be well guided.

The investor that bought a stock and sold after ten years can not be regarded as the same with the trader that bought stocks last week and sold this week or even buying in the morning and selling in the afternoon.

True both trader or investor wants to make money but the modality is very important so that newbies especially can be well guided to make informed decisions.

It will amaze you to know the extent to which many people take the comments here very seriously hence we tend to be very careful on our post especially if one is a regular here.

Check out investopedia to get more on the comparisons.

yMcy56:
i just laughed when I saw the comments.
The Llizzy's post quoted was made in January 2021.

I've always been of the opinion that, any serious long termer should consider value ahead of daily price mvmts.
If he/she picks at 24.80 as at then, by now add 2.70(dividend) to currentprice of N23.

A serious long termer seeks to top up his stakes in value stocks and do so at dips.
If he/she picked that time and is topping up at dips, the cost price must have come down below that amount........Invariably, he/she should rather be at gain than loss which an ordinary eye will be seeing.
The least Zenith did of recent was 19.50 and it bounced back up almost immediately....

Someone like me has gone far beyond being discouraged with some certain decisions that has to do with buying value stocks.

Well said.

I think most folks here still finds it difficult to separate/differentiate trading from investing for a long term or building wealth through the stock market and the difference between paper loss/gain and real loss/gain

I discover we have more traders here and especially newbies seems to listen more to traders.

Just get your investing objectives right and follow the strategy that works for you.

As an investor you can always take the advantage of market movements upward or doward once you are in a good fundamentally sound stock. If price appreciation becomes loud you take profit if you wish and a downward movement always gives opportunity to increase holdings if there is cash.

Mfunkynation:
More info Abt Abacus market fund

Abacus money market fund as the name implies is a MMF.

Principal underlying asset is treasury bills and commercial papers

The interest is daily valued. It's currently 6.39% and it's upward looking base on economic realities right now.

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.

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 Tuesday 15th June 2021you will be paid interest for 15th to 30th of June for that period and continues till another payment date.

Don't forget to click the link on my signature to register for free that is the only way you can help my ministry.

Prepare for interim dividend and Balance your Portfolio.

If you wan chop interim dividend it’s time to enter SUGAZ (STANBIC, UBA, GTB, ACCESS and ZENITH) and others like Total, Seplat, Custodian, MTN, etc sometimes Okomu will join the list.

If you don’t have cscs account and want to invest for long term or you wish to trade stocks at the comfort of your room or office anywhere in the world, click the link on my signature to open account with investment one. You can PM, call or chat me up for details.

Don’t forget Abacus money market fund is making giant strides. Open account for free and start investing with juts N1,000.

Put your money where you will still have your BP normal, no stress no stories that touches the heart; capital and interest guaranteed.

You can open account for more than one product at the same time. JUST CLICK THE LINK ON MY SIGNATURE OR CALL ME

N.B: Account opening is free for all products. KYC Documents required:

1. ID Card which can be National id card, NIN Slip, voter’s card, In’l passport or drivers license
2. passport photography
3. utility bill (NEPA bill, tenancy agreement, LAWMA receipt, NIN slip if you have other means of identification)
4. your signature.

Lion123:
This is true. My friend who uses Meristem gets goodies from them during christmas. Investment One used to send me hamper for christmas and then they stopped last year. I was angry with them. Maybe I should port to Meristem. Investment One allows me buy and sell shares with a commission of 0.5% like Morgan. I don't know if it's possible to negotiate it lower than that because it's still upsetting paying 7 figures on commissions on both the buy and sell side.

ejor o no port o. You know na last year covid-19 things.

We value your patronage greatly.

Prepare for interim dividend and Balance your Portfolio.

If you wan chop interim dividend it’s time to enter SUGAZ (STANBIC, UBA, GTB, ACCESS and ZENITH) and others like Total, Seplat, Custodian, MTN, etc sometimes Okomu will join the list.

If you don’t have cscs account and want to invest for long term or you wish to trade stocks at the comfort of your room or office anywhere in the world, click the link on my signature to open account with investment one. You can PM, call or chat me up for details.

Don’t forget Abacus money market fund is making giant strides. Open account for free and start investing with juts N1,000.

Put your money where you will still have your BP normal, no stress no stories that touches the heart; capital and interest guaranteed.

You can open account for more than one product at the same time. JUST CLICK THE LINK ON MY SIGNATURE OR CALL ME

N.B: Account opening is free for all products. KYC Documents required:

1. ID Card which can be National id card, NIN Slip, voter’s card, In’l passport or drivers license
2. passport photograph
3. utility bill (NEPA bill, tenancy agreement, LAWMA receipt, NIN slip if you have other means of identification)
4. your signature.

moneymanager:
Wait O
If GTB is the industry leader (supposedly), how come stanbic is doing better than both GTB and Zenith from a market evaluations perspective

Industry leader doesn't necessarily mean price of stock.
Analyst look at market capitalization, depositors funds, profit after tax, market share etc. Not just just share price.
Mind you some years back IBTC did share reconstruction otherwise the price used to revolve round N10.

sasural:
Advice please. I want to make my first investment in stocks. Would Union Bank be a good investment seeing as they will soon be acquired by another?

Start from the known to the unknown.
As a newbie don't start investment with speculation/rumor rather with fundamentally sound and dividend paying stocks with high dividend yield.

kman3000:
thanks for the reply, so how do I go about it?

If you have account with any of the mentioned banks walk in to the banking hall to the customer service and make your intention known. Yo will be given a form to fill. Go with the bank rate as to be on the safe side.

You can also go with investment one. 100k is also minimum. To open account with investment one click on the link on my signature pick fixed income as the product and complete the account opening form online. In this case you can do everything online.