₦airaland Forum

ozymes:
What is the guaranteed rate for VGIF? And secured is the invested capital?

Gurranteed rate is 8.5% plus 35% of gains of the fund that is not fixed though, but from my experience since 2014 there is always addition to the Gurranteed rate. The capital is secured base on the underlying asset since it's in the fixed income category it's secured as specified and regulated by SEC hence it's different from balance or equity fund which are not secured base on the category such funds belong to.

emmanuelewumi:
Very funny question. Investment One Financial Services limited is the former GTB Asset Management Company.

I have been dealing with them for about 10 years, as per Stockbroking things

my oga na so o na part of due diligence as we tell them thanks for helping out.

youngalex:
Is investment one covered/insured as a mutual fund institution?

Yes Sir. You can confirm from http://sec.gov.ng/cmos/ search investment one financial services

blithe:
Thank You.

Do I need cscs account for TB and Mutual funds?
They seem to be best options for new investors...

You don't need cscs for TB and Mutual funds. However, you can open all of the investment account - MMF or stockbroking which comes along with d cscs with just a click and Within 48hrs if no kyc issues your account is ready. If you are interested click on the link on my signature to open all investment products account with investment one (former GTBank asset management) at the same time. Abacus money market fund AMMF, Vantage Gurranteed income fund VGIF, stockbroking etc.
With CSCS you can get the bond and also get to buy stocks on the NSE. AMMF and VGIF gives capital preservation and VGIF in particular guaranteed interest as well. You also call 08181057319

Chibexe:
Hello Sholapey.

thanks for these recommendations. pls is there a way i can register with the stockbrokers without going to their physical office. i mean can i do the registration online.

thanks for anticipated response.

Yes you can open stockbroking account and mutual funds accounts with investment one. Just click the link on my signature and you are good to go. My phone contact is also on my signature. Before you click d link get ready your passport, ID card, utility bill and your signature, you will be required to upload them on the last page of the online form. If no kyc issues you have your account details send to your mail box within 48hrs or less.

anjilgreat:
Good morning sir, this your post just reminded me of an investment I made in 2007 with AIMS Asset Portfolio Management as a Youth Corper.

My aim was to invest the money for ten years, but since the ten years elapsed 3 years ago, I'm yet to get any useful information abt the company. Even the numbers on the company's receipt given to me are not going through and no useful information online. Pls, do you have any idea of this company?

Pls anybody here with any useful information abt AIMS Asset Portfolio Management can share with me. Thanks in anticipation.

@anjilgreat just forget about that investment and those guys. Count it as one of your costly mistakes and move on. Don't stop investing. Now that you are better informed I guess, always think Safety of your funds first before any promised returns or gains. Yes investment involves risk but never take the risk of investing with an investment house that is not SEC regulated to avoid the story that touch.

kintus:
The truth is, the lockdown opened my inner mind to the numerous opportunity that lies in the investment world.

I limited myself to TB, fixed deposit and sometimes lending to close friends.

With the information and knowledge I have acquired from this forum, I believe it's about time I start something serious.

Good lesson you have learnt keep it up. There is always new strategies and investment windows to learn. I will advice you don't rush. Always do your due diligence before you make any investment decisions no matter who is recommending-- layman or professional. Welcome to the real world where risk and opportunities mingle.

habayommy:
Wow... I have been following this thread for a long time now. In fact I'm addicted to this thread. I want to sincerely thank all contributors and financial gurus on this thread.

Before now I have this mentality of just accumulating wealth by saving into the bank without investing but now that has change.

I have 300k invested in Stanbic IBTC mutual funds(my first investment) since last year March. Now I have 200k lying idle in bank account, any advise on what to do with it that will yield returns and my capital will be guaranteed?


Oga Ahib, Emmanuelewunmi, Theconglomerate, etc

You can also invest in VGIF. it's a mutual fund in the fixed income category managed by investment one. Capital and interest of 8.5% Gurranteed. Check my signature for contact and link to open account online

Mcy56:
Had to come back cos of newbies.....if you didn't key-in to some of these stocks when some of the bosses were shouting buy buy, then be careful how you chase Molue......

Don't be carried away with emotions. If you miss one bus, join another that's yet to leave car park or warming up to take off, if you can't see desired one to join, wait for pullbacks.

If market goes up it comes down, and if it comes down it goes up again.......and the cycle continues.......don't come and complain here that anybody made you to buy at high price oooo.....I don talk my own. Make Una take care.

@Mcy56 correct. It's the cycles that is the market. Once these cycles stop no more market. Your own as an investor/trader is to know when to enter or exit within the cycles.

[quote autoo py66hor=OgogoroFreak post=89571321]How liquid is this investment? Is there a limit to the amount I can put in or take out?[/quote]Very liquid. No limit except d first deposit which should not be less than N50,000. After that you deposit as low as N1, 000 or as much as in billions.

Godbpraised:
Whats VGIF?

Vantage Gurranteed income fund. It's a mutual fund in the fixed income category.

https://www.nairaland.com/1912965/mutual-funds/227

Check my signature for contact and link

mikol:
Can anyone please advice me on what to do with like 500k lying idle in my savings acct without any Kobo added as interest(reason being that I make transactions exceeding 3x/month). Will it be a good idea to put it in my stanbic mmf or vgif with investment one. Though I don't have an account yet with investment one as I don't know if they are reliable. Your candid opinions will be highly appreciated.

VGIF with investment one is good for you with guaranteed interest of 8.5%. To open account, click the link on my signature and complete the form online. You will need the usual kyc - passport, ID card utility bill and your signature all scanned into your phone or laptop and uploaded on the last page of the form.

IyawoToBe:
What is VGIF biko?

VGIF - Vantage Gurranteed income fund. It's a type of mutual fund in d fixed income category. The rate is not daily valued like mmf. The rate is benchmark with SDF- standard deposit facility which is currently 8.5% and has been so since last year. The investor's capital n interest are guaranteed. To open account click d link on my signature. You don't need cash to open account. My contact is on the signature too. Check also the facts of the fund for first quarter 2020 attached to this post.

adekzy:
What is the current rate of GIF with Investment One compare with Stanbic, do you guys have bond mutual funds as well and what is the rate.

With on investment cap of #500k for 6months/1year, which with possibility of reinvestment, which would you advice.

Thank you.

I will advice you go for VGIF currently the rate is 8.5% guaranteed. You also will get additional 35% of the excess profit of the fund. Which makes it about 11% in all.

wengerthaboss:
Hi. Please can you give me pointers on how to redeem the union trustees mixed fund investment? I've tried getting in touch with Capital Express Asset and Trust to no avail (I was directed to them by United Trustees)

Capital Express contact: Plot 1626C-E, Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos
01-4540089
The AGM of the fund is tomorrow via zoom. I am sure after the meeting you will have more information.

Satoshi2019:
I'm a newbie investor.
Question... If I invest in mutual funds is my capital safe just like tbills?

If the mutual fund is money market, fixed income or Guaranteed income, your capital is safe and guaranteed but if it's equity or balance mutual fund it's not. Check my signature for my contact and link to open mutual fund account with investment one.

Joshinvent:
Good afternoon! Please am new on NSE. Although I downloaded trove 2 weeks ago, but I don't know if I should continue with it. Please EXPERT here, help me shed more light on the app. And am having issues on how to set the duration on the application. God bless you

In calculus or mathematics generally the best approach to solving complicated mathematical issue is to use the first principle. It's normally longer but gives a better navigation to the solution. I will advice you first open a stockbroking account with a regular operator and trade on their platform before going to apps. Mind you I'm not discrediting any app. As a newbie learn and understand before getting into a more complicated stuff. I am sure if you have been trading on any of this regular platforms the app will even enhance your skill. Right now the app is like a more sophisticated tool in the hand of a novice the tool will be under utilized.

talk2tonie:
Ain’t no risk without reward. However, never use the funds earmarked for your Risk free Investments for any risky investment.
Investing with a microfinance bank is very risky.

On this thread we are repeatedly told: Before you think of gain, returns or interest THINK THE SAFTY OF YOUR FUND/CAPITAL. However, if you are comfortable with the risk involved in any investment after your due diligence, you can always go for it.

athorello:
Hello fellow investors, will it be wise to fix some funds with Opay for 30 days @ 14% p.a? Giving existing rates, the fact that Opay give out quick loans @4% monthly interest rate and our current economic realities.

On this thread we are repeatedly told: Before you think of gain, returns or interest THINK THE SAFTY OF YOUR FUND/CAPITAL. However, if you are comfortable with the risk involved in any investment after your due diligence, you can always go for it.

Manwarrior55:
Hello guys,

I am new to mutual funds investment and I’m only in the trial process.

I funded my united capital account but the money is on the cash account and not on the MMF that I want it.

Has any have this similar issue? How do I move the money from the cash account to MMF account so I can earn interest.

Hope to get honest responses thanks

Please note @manworrior55 and everyone, when you deposit money into the funds manager's acct, it's regarded that you have invested already even if it's not yet transfered to the uder laying assets ie your mutual fund. As an investor you don't bother after your deposit, its the job of the manager to do the transfer to the required fund of your choice, if the mutual fund you invested in is price base ie offer price different from bid price, the Manger then divided your cash with the offer price and you have your unit holdings. I am sure if you check your account tomorrow you will find out that there will be zero cash. That is how the circle is repeated anytime you deposit money. If your cash was deposited before the cut off time you will still earn the day's interest irrespective of the stage your cash is presently. That is ucap. Others like Investment One or FBN will not display this cash stage to clients, its just a matter of operational policy and software configuration. So brother be calm. You don't need to take any action.

Franky826:
So I guess there's a 0.075% monthly service charge for FBN MMF or 0.9% Annually?

Is this correct?

cc @emmasoft and everyone

Mgt fees is part of total expense ratio.
Total Expense Ratio
consist of management fees, additional expenses, such as trading fees, legal fees, auditor fees, and other operational expenses

oluwaleokey:
Talking about being frugal, sometimes i really find it difficult being stingy with some things...

I dont care about material stuffs... designers clothes, watches etc
But when it comes to my children education,healthy food, supplements etc i tend to even spend more than my budget, i mean get the very best...
Would you still consider my actions to be reckless spending when there are cheaper alternatives?

A typical example during wifeys pregnancy, i go for the best foreign pregancy drug which cost about 8-9k per pack while the local drugs at federal hospital can be gotten at 500 naira per pack... of course people do take...

Just want to understand you perfectly well when you say being frugal

Being frugal most times start from the mentality of placing the right value on things without sentiment or emotion, delaying gratification and having in mind that the most expensive things does not necessarily mean the most effective.

rOsy247:
Mine wasn't successful at all. No deduction from my bank account.

Always do direct bank transfer before 12noon if you want same day value.
If you use card and the transaction was successful, you will get debit alert on your bank account sometimes after two days

Penboy:
Hello house..
Please how can I know the value of the shares I bought years ago with Zenith bank?

Go along with acceptable ID (ie any of National ID, Int'l passport, permanent voters card, NIN Slip, Drivers license) to the office of the registrars - Veritas Registrars, 89, Ajose Adeogun street, Victoria Island, Lagos or send mail to enquiry@veritasregistrars.com.
The registrar will tell you the current status of your holdings and if there are outstanding dividends it will be processed.

faoogoke:
Please what is the difference between vgif and abacus.
I am interested in opening an account but I want to decide which I should go for.
I might give you a call later in the day or tomorrow.

No problem. I will expect your call.
Though Abacus and VGIF are both mutual funds. They differ in their class of assets. ie the assets the funds are invested in, rate bench marking and method of returns and payment. Both are good for risk averse investors.
You can actually open the two accounts at the same time using the link. No cash needed.

Wrong Motives/Pitfalls to Avoid while Investing:

1. investing just because others are doing so
2. investing as part of the rat race
3. investing to avoid given needed help that is in your power to do
4. investing to avoid taking care of your immediate family current basic needs
5. investing to compete and at the expense of necessity of life
6. investing to shame your friends or others/to show off
7. investing to feed your ego

Right Motives for Investing:

1. Investing to generate passive income
2. Investing as a means of planning for future
3. Investing to increase streams of income
4. Investing to take care of present and future needs of yourself and family
5. Investing to help the needy to meet necessity of life
6. Investing to retire well

For good investment products from Investment One - stocks or mutual funds contact: 08181057319 or click the link on my signature to open account online.

Wrong Motives/Pitfalls to Avoid while Investing:

1. investing just because others are doing so
2. investing as part of the rat race
3. investing to avoid given needed help that is in your power to do
4. investing to avoid taking care of your immediate family current basic needs
5. investing to compete and at the expense of necessity of life
6. investing to shame your friends or others/to show off
7. investing to feed your ego

Right Motives for Investing:

1. Investing to generate passive income
2. Investing as a means of planning for future
3. Investing to increase streams of income
4. Investing to take care of present and future needs of yourself and family
5. Investing to help the needy to meet necessity of life
6. Investing to retire well

For good investment products from Investment One - stocks or mutual funds contact: 08181057319 or click the link on my signature to open account online.

Wrong Motives/Pitfalls to Avoid while Investing:

1. investing just because others are doing so
2. investing as part of the rat race
3. investing to avoid given needed help that is in your power to do
4. investing to avoid taking care of your immediate family current basic needs
5. investing to compete and at the expense of necessity of life
6. investing to shame your friends or others/to show off
7. investing to feed your ego

Right Motives for Investing:

1. Investing to generate passive income
2. Investing as a means of planning for future
3. Investing to increase streams of income
4. Investing to take care of present and future needs of yourself and family
5. Investing to help the needy to meet necessity of life
6. Investing to retire well

For good investment products from Investment One - stocks or mutual funds contact: 08181057319 or click the link on my signature to open account online.

emmanuelewumi:
I got a divend credit alert from United Capital an Investment Banking firm, FCMB and First Bank paid yesterday evening. The alert woke me up. Besides the lockdown makes it possible for me to get additional sleep of 2 hours during the day

Another good reason for investment. Returns can even enter without any restriction of lockdown, curfew, sleep, odd hours. More returns on the way. On the other hand a person that fail to invest sometimes can be woken up by debt issues at retirement.

For those still collecting salaries whether half or full or cut to any percentage or doing some lock-down business, don't forget to set some money aside for your investment. Little is more than nothing when it comes to investment. With the current realities and for those that are risk averse I will recommend Abacus Money market fund - AMMF or Vantage Guaranteed Income Fund- VGIF both are managed by Investment One. Check my signature for my contact and link to open account online. You don't need cash to open account.

For those still collecting salaries whether half or full or cut to any percentage or doing some lock-down business, don't forget to set some money aside for your investment. Little is more than nothing when it comes to investment. With the current realities and for those that are risk averse I will recommend Abacus Money market fund - AMMF or Vantage Guaranteed Income Fund- VGIF both are managed by Investment One. Check my signature for my contact and link to open account online. You don't need cash to open account.