₦airaland Forum

Let Inflation meet your Money Working

Even if inflation rate is increasing let it always meet your money in a reasonable investment; it helps no matter how bad the economy is doing.

Let Inflation meet your Money Working

Even if inflation rate is increasing let it always meet your money in a reasonable investment; it helps no matter how bad the economy is doing.

Let Inflation meet your Money Working

Even if inflation rate is increasing let it always meet your money in a reasonable investment; it helps no matter how bad the economy is doing.

Opzyyy:
4.5 per annum?

Yes per annum and it's paid biannually- July and January.
Investors still stand a chance of getting extra income in addition to the guaranteed 4.5%.
This has been the case for more than six years and still counting.

NL1960:
I already have VGIF. Iam asking just in case i want to convert my VGIF to TBills.

@NL1960 If at anytime you wish to do that, send a mail to your account officer in that regard and the account details will be sent to you.
The earlier post is for new clients

Thank you for your patronage.

NL1960:
Does Investment One do TBills?.

Yes Investment one do TBills. The minimum amount is100k

To start, Click the link on my signature and register; in this case the product name to pick is Fixed income.

Opzyyy:
Hello experts. I saw a post on some upcoming tbills. I would love to invest in it. Your guide will be highly appreciated. It's 450k I have, please lemme know if it's feasible. Thank you.

TBills rates are still low for now. I will advice you keep the money in VGIF which allows you to top up while waiting for better TBills rates. As soon as rates become favorable you can move your funds to Tbills. VGIF currently is 4.5% and there is every likelihood of increase because the CBN may want to look at the possibility of increasing MPR judging from the current inflation rate.
Just an advice. Do your due diligence.

idu1:
How is the performance of union diagnostic like in NSE. I don't know anything about stock investment.

How come you are asking about the performance of a particular stock when you don't know anything about stock investment.

My candid advice for you is to do the first form of investment ie Invest in yourself by reading. Read and learn how it works generally before you venture into it to avoid the blame game and the stories that touches the heart.

You can start from the stock thread to read posts from veterans.

DAVIDOLAWALE:
Good evening dear investors, please how long does it take for Stanbic ibtc mutual fund online top up to reflect in one's account ?

I top up my investment since 9am on Friday 12/Feb/2021 but it is yet to reflect in my dash board.

Has anyone with similar experience ?

Kindly advice please .

If you use your card for the transfer it's two working days for it to reflect.

Most of the fund managers as instructed by SEC have changed their custodian or collection bank I hope you used the correct bank.

You can contact their customer care for details and specifics. I'm just posting this as a general knowledge on funds and their managers.

As already noted in all my posts I'm with investment one.

OvaSabi1:
I NEED HELP.

Please can you guys recommend a stock broker that can help to open a cscs Account. Also we need advice on certain shares that have been made private, like 7 up and for companies that have changed ownership like African Petroleum (now Ardova, from Forte Oil).

We also need advice on shares of someone who has died (intestate) and letter of administration has been processed.

Investment one stockbrokers is recommended. To open a cscs account click the link on my signature.

For stocks like 7up that delisted and the minority shareholders were compensated, all you need to do is to visit the registrar - GTL registrars you will be given your money or completing the e dividend mandate will do.
for Forte oil turn Ardova there is nothing to worry about. Your holdings are intact.

With letter of administration already processed, the process is more than half completed you will be required to open an estate account with the CSCS through Investment one stock brokers if you decide to go with us.

As stated earlier click on the link on my signature to open a cscs account. You can also PM or call me for details.

DUNKA:
thanks one more thing is there a time limit to credit an opened VGIF account to credit the initial deposit?

No time limit at all in anyway; this is one of the flexibility nature of VGIF. The fact is that any VGIF account opened never goes dormant whether funded or not and it can be funded anytime without any form of penalty.

DUNKA:
GM must the minimum account opening for aVGIF for a child be 50k? Can I open with 10k? Kindly advise

Yes the minimum account opening deposit is 50k for both minors and adults.

However, all top up after that Can be any amount for both children and adults.

Don't Just Save let your savings be Saving for you

How all the PFAs performed in all the Fund categories
12 out of the 22 PFAs performed above the average ROI of 9.28%, for all the funds put together. NLPC Pension Fund Administrators Limited topped the list (20.33%), followed by Investment One Pension Managers Limited (14.5%), Veritas Glanvills Pensions limited (12.02%), AXA Mansard Pensions (10%), OAK Pensions Limited (9.7%).
By Nairametrics

With the window now opened for contributors to switch from one PFA to another, it will be wise of you to move to a PFA that rank among the best in terms of returns.
Investment one pension is ready to give you more than you deserve in terms of returns on your RSA.

Don’t just save let your savings be saving!

Wait no further just PM, call or chat me up for details on how to switch and enjoy better returns. Check my signature now!

Don't Just Save let your savings be Saving for you

How all the PFAs performed in all the Fund categories
12 out of the 22 PFAs performed above the average ROI of 9.28%, for all the funds put together. NLPC Pension Fund Administrators Limited topped the list (20.33%), followed by Investment One Pension Managers Limited (14.5%), Veritas Glanvills Pensions limited (12.02%), AXA Mansard Pensions (10%), OAK Pensions Limited (9.7%).
By Nairametrics

With the window now opened for contributors to switch from one PFA to another, it will be wise of you to move to a PFA that rank among the best in terms of returns.
Investment one pension is ready to give you more than you deserve in terms of returns on your RSA.

Don’t just save let your savings be saving!

Wait no further just PM, call or chat me up for details on how to switch and enjoy better returns. Check my signature now!

Don't Just Save let your savings be Saving for you

How all the PFAs performed in all the Fund categories
12 out of the 22 PFAs performed above the average ROI of 9.28%, for all the funds put together. NLPC Pension Fund Administrators Limited topped the list (20.33%), followed by Investment One Pension Managers Limited (14.5%), Veritas Glanvills Pensions limited (12.02%), AXA Mansard Pensions (10%), OAK Pensions Limited (9.7%).
By Nairametrics

With the window now opened for contributors to switch from one PFA to another, it will be wise of you to move to a PFA that rank among the best in terms of returns.
Investment one pension is ready to give you more than you deserve in terms of returns on your RSA.

Don’t just save let your savings be saving!

Wait no further just PM, call or chat me up for details on how to switch and enjoy better returns. Check my signature now!

stevemims:
Can someone point me to MTN's registrar?

I can't find it on the dividend forms I downloaded.

Check the registrar's website - Coronation Registrars. The updated e dividend mandate has both MTN and Airtel listed

[quote author=Achry post=98801200][/quote]On behalf of @Dsticks47 you quoted, please note the following:

VGIF has always been per annum and generally all SEC regulated Investment rates are always per annum though it can be prorated to 3 months, 6 months or even daily depending on the nature and regulation on a particular investment.

VGIF was 7.5% last year but the benchmark ie SDf was reduced to 4.5% hence the change in rate for VGIF.

All products are emphasized, the reason you don't seem to hear about VEIF and VBF is because of the nature of the fund. Most investors tend to be more of low risk hence they settle for Abacus MMF and VGIF.

The major difference is that in VEIF and VBF your capital and returns are not Gurranteed in anyway.
They depend majorly on the NSE because their underlying assets are stocks and money market instruments for VBF and purely equities for VEIF. Unlike VGIF that guaranteed capital and returns. They don't.

If you are comfortable with the risk involved with VBF or VEIF click the same link with which you open your VGIF account with and complete the online form and upload your kyc.

paxnka:
Good evening all. Please how do I claim my father's shares and money he has in his account before he answered God's call.
I heard FG has written to banks pertaining to dormant accounts.
My father died almost 2 years ago.

Please, what's the fastest process to follow without travelling to his base?

Thanks

There is nothing like fastest process when it comes to claiming the investments or savings of our late ones.

If the departed has a WILL then it's executed accordingly and the beneficiary names on the will gets their benefits.

In case of no will, a letter of Administration will be processed and executed. It's the letter that will be presented at the bank and registrars to the companies where the deceased had shares.

In both cases, an estate account is opened with the bank and CSCS for the shares and the rest is straight forward because the estate account is treated as a living person's account and operated such that the cash in the bank account or the dividends and proceeds of the shares when sold can be collected by the beneficiary.

olyrayy:
Hello house. Please, is there a way I can buy an Index Fund in Nigeria? Or if possible, a Nigerian ETF.

You can buy ETF from the NSE.
Open a CSCS account and you are good to go.

However, ETF as a form of investment is still not very popular in Nigeria. The few ones available are not liquid.
Hence most investors go for normal mutual funds like mmf, Fixed income like VGIF, balance fund etc.
To open cscs or any other investment products account with investment one, click on the link on my signature or call.

ojesymsym:
50% + 20% + 20% + 10% + 5%

Oh okay... I can see it now. The mistake was on the explanation on each percentage category . Up in stating of the pattern it's correct. 45,20,20,10,5 pattern. Sleep of hand
Thanks for eyes on details, I appreciate.

ojesymsym:
This your percentage na up to 105%

Check well Sir

AirBay:
Yes, thank you.

I have been into tbills for sometime but the rates have been low since about 1year

You are right. Rates are not smiling at this time across all tenors.

Like I did and have always advice members of this thread why not move over to Vantage Gurranteed income fund VGIF.

In terms of capital and interest it's guaranteed just like Tbills.

The guaranteed rate is currently 4.5% with a promise of extra interest that could bring your total income to about 8% if not more.

There is free entry and exit.

Interest paid twice in the year and irrespective of the time you invest in the fund, your interest is prorated and paid for the number of days you invested before the payment date.

You can read more from my earlier posts for more about VGIF.
Check my signature at the bottom of this post my phone number and the link to open account online for free is there.
You are free to contact me.

AirBay:
I am here to learn

You welcome. If to learn is your mission I advice you: Read! Read! Read! beware of arguments that defeats your purpose and filter the wheat from the chaff to avoid distractions.

Put a span to Your Waiting

It’s obvious that January has just one more day to go in fact as per official working days for most corporate entities January ended already.
Have you been waiting to start saving and investing?
Wait no further you lost 30 days already, perhaps one of your resolutions was to start saving and investing this year 2021. This is the time to start because you are getting late; yes, did I hear you say haba it’s still January na? ok let me let you know that if you planned to save 1000 every day you have lost 30,000 already, if you have to make up for that you make extra sacrifices to meet up your target. Do you know if you planned to buy zenith bank shares as we started this year you will have to spend extra 4,000 or more if you are buying it now? If you just kept that money laying down fallow without investing it at least in a mutual fund it would have depreciated by at least 1%. I can go on and on.
So folks don’t just wait start something now. If you are new to investment do not hesitate to learn quick and hit the ground running a little here and a little there you will be surprised what you have by December 2021.

One good way to start is to share your income into percentages and try as much as possible to stick to it. A very popular one is the 45, 20, 20, 10, 5 rule or pattern. You can modify it to suit your current income or investment drive.

45% - The most have ie essential things to the survival and well being of your life and family. House, food, transportation, and the likes fall into this category.

20% - Good to have ie things that is good for your comfort but life is still complete and can go on without them. A better phone, designer items etc Mind you depending on your lifestyle, income bracket and purpose of this items or services, what is good to have to one person is a must have to another because sometimes those items or services could be use as way to increase network or even income.

20% - Saving and investment. This is money meant for you. Every other percentage of your income is exchanged for goods or services. It is only this portion you can actually call your money. This is what the popular slogan “pay yourself first” means. It is what you save and invest that is yours.

10% - Obligation to God. We must always show appreciation to God. He gave us power to make wealth.

5%- Charity. This is what you give to the truly needy. Mostly the people that do not have the capacity to return your kind gesture in terms of giving you back especially cash. This is another way to invest. He that give to the poor lend to the Lord... Proverbs 19:17.

However, as earlier stated these ratios are not cast on stone. You can modify the ratios to align with your specific goals at a particular period. For instance, the month of December being festive period and time to reach out could warrant increase in percentage to charity.

Before February starts Put a span to your waiting and start immediately.

Put a span to Your Waiting

It’s obvious that January has just one more day to go in fact as per official working days for most corporate entities January ended already.
Have you been waiting to start saving and investing?
Wait no further you lost 30 days already, perhaps one of your resolutions was to start saving and investing this year 2021. This is the time to start because you are getting late; yes, did I hear you say haba it’s still January na? ok let me let you know that if you planned to save 1000 every day you have lost 30,000 already, if you have to make up for that you make extra sacrifices to meet up your target. Do you know if you planned to buy zenith bank shares as we started this year you will have to spend extra 4,000 or more if you are buying it now? If you just kept that money laying down fallow without investing it at least in a mutual fund it would have depreciated by at least 1%. I can go on and on.
So folks don’t just wait start something now. If you are new to investment do not hesitate to learn quick and hit the ground running a little here and a little there you will be surprised what you have by December 2021.

One good way to start is to share your income into percentages and try as much as possible to stick to it. A very popular one is the 45, 20, 20, 10, 5 rule or pattern. You can modify it to suit your current income or investment drive.

45% - The most have ie essential things to the survival and well being of your life and family. House, food, transportation, and the likes fall into this category.

20% - Good to have ie things that is good for your comfort but life is still complete and can go on without them. A better phone, designer items etc Mind you depending on your lifestyle, income bracket and purpose of this items or services, what is good to have to one person is a must have to another because sometimes those items or services could be use as way to increase network or even income.

20% - Saving and investment. This is money meant for you. Every other percentage of your income is exchanged for goods or services. It is only this portion you can actually call your money. This is what the popular slogan “pay yourself first” means. It is what you save and invest that is yours.

10% - Obligation to God. We must always show appreciation to God. He gave us power to make wealth.

5%- Charity. This is what you give to the truly needy. Mostly the people that do not have the capacity to return your kind gesture in terms of giving you back especially cash. This is another way to invest. He that give to the poor lend to the Lord... Proverbs 19:17.

However, as earlier stated these ratios are not cast on stone. You can modify the ratios to align with your specific goals at a particular period. For instance, the month of December being festive period and time to reach out could warrant increase in percentage to charity.

Before February starts Put a span to your waiting and start immediately.

DUNKA:
if one wants to open for children what are the requirements.

Same method for adult, in this case after you click the link on my signature for account opening, on the space for Account Type select Kiddies
You will be required to supply the details of the kid including the birth certificate while you supply the kyc and act as the signatory to the account till the kid is 18 years old

samguru:
Can you share the notice with me
samguru78@gmail.com

I guess First Registrars is missing things up.
According to the mail I received, the links for proxy, annual reports and scheme arrangement are for union diagnostics but the notice of meeting where 10k dividend was stated is for PZ.

Find attached the Q4 VGIF Factsheet for the last quarter of 2020.

For subscribers of the fund on or before 31st December 2020, expect your extra returns. It's already shown on the factsheet.

Then for those who are yet to join the VGIF train and wants to do an investment with both capital and interest guaranteed kindly click the link on my signature fill the online form and register for free or call me for details.

Find attached the Q4 VGIF Factsheet for the last quarter of 2020.
For subscribers of the fund on or before 31st December 2020, expect your extra returns. It's already shown on the factsheet.

Then for those who are yet to join the VGIF train and wants to do an investment with both capital and interest guaranteed kindly click the link on my signature fill the online form and register for free or call me for details.

skyangel:
Lol. Imagine 1% in a whole year

VGIF will be a better option to any MMF for now irrespective of the fund manager. The reason is not far fetched- crash in TBills rates for all tenors.
Read my post above to learn more about VGIF

Titugirl:
Good morning, please can you tell me more about vgif?

VGIF- Vantage Guranteed Income Fund

Features of the fund:
Fixed income mutual fund
Interest guaranteed and benchmarked with sdf currently it's 4.5%
Compounding of interest possible.
Investors also get additional 35% of excess yield above the benchmarked rate.
Tenor is determined by investors ie easy entry and exit
Opportunity to top up any time with any amount
Interest is earned daily and paid twice yearly July and January.
You can view and monitor your account online on the web or using the app.
Parties to the fund:
fund manager- Investment one
Trustees - FBNQuest
Nominee - IBTC
Custodian- Citibank
Regulator - SEC.

To open account, click on the link on my signature. You can also reach me with the phone number on my signature.
Requirements for account opening : a passport photo, ID card, utility bill and your signature
N.B: Investment one will never ask you for cash to register. Registration is free.