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Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 1:59am On Mar 15, 2020

At this crucial and delicate investment cycle and always; you will do yourself much good and saved yourself of great financial loss by:
1. Not investing just by hearsay or with others opinion alone without your due diligence
2. Making sure you don’t lack understanding of the investment product you want to venture into
3. Not relying only on past performance of a particular investment window – past performance is no guarantee of future results
4. Don’t follow the crowd. Investment is not by popular opinion, it’s based on facts, figures and economic realities
5. Be realistic
6. Take calculated risk to avoid casualties
7. Beware of get rich quick syndrome – investment is not a destination it’s a journey
8. Think of the safety of funds first before interest, gains or returns.
9. Get a mentor
10. Have your own strategy base on your investment objectives and follow it religiously until you have a better option.

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Investment › Re: Mutual Funds by emmasoft(m): 1:59am On Mar 15, 2020

At this crucial and delicate investment cycle and always; you will do yourself much good and saved yourself of great financial loss by:
1. Not investing just by hearsay or with others opinion alone without your due diligence
2. Making sure you don’t lack understanding of the investment product you want to venture into
3. Not relying only on past performance of a particular investment window – past performance is no guarantee of future results
4. Don’t follow the crowd. Investment is not by popular opinion, it’s based on facts, figures and economic realities
5. Be realistic
6. Take calculated risk to avoid casualties
7. Beware of get rich quick syndrome – investment is not a destination it’s a journey
8. Think of the safety of your funds first before interest, gains or returns.
9. Get a mentor
10. Have your own strategy base on your investment objectives and follow it religiously until you have a better option.

2 Likes 1 Share

Investment › Re: Mutual Funds by emmasoft(m): 10:16pm On Mar 12, 2020

U1:
Are you really sure that VGIF gives a fixed income? I saw somewhere on this thread where you mentioned the rate was 11.xx%. But I saw 15.xx% in the morning on the Investment-One's website. How does that work?

Yes, I can open an account online ONLY if I won't need to submit my documents online. You may point me to steps for opening the account, though, to see if it's one I can follow through.

Thanks.

All the information about the fund VGIF have been posted earlier. You can check page 227 of this thread for facts of the fund. To open VGIFaccount, click on the link on my signature and follow the steps. Please note that kyc documents are prerequisite to open any investment account in Nigeria. You can send private message or call for any personal queries to avoid the thread becoming a chat just between the two of us.

3 Likes

Investment › Re: Mutual Funds by emmasoft(m): 12:12pm On Mar 12, 2020

U1:
And one more question on this, please. Where does a person go in the event that the firm or fund manager that was in charge of a fund folded?

I don't think a CSCS account applies to this, or does it?

If a fund manager folds up, SEC will pick up every other thing that concerns the fund. In most cases another fund manager will pick it up. As earlier stated the fund and the manager of the fund are like separate entity that have a relationship and once the relationship get sour in whatever way, they can go on their separate ways with the mediation of SEC, the Trustees and the Custodian. Example is BGL check the link
https://www.pressreader.com/nigeria/thisday/20170320/281805693747773

Investment › Re: Mutual Funds by emmasoft(m): 12:04pm On Mar 12, 2020

U1:
Good morning, sir. Two questions:

1. Do you have any investment product that pays a fixed income? If yes, which?

2. Is there a way to indicate you as a referrer if I were to open an account and choose the option of physical submission of documents (not online)?

1. Yes, it's called Vantage Guaranteed Income Fund- VGIF
2. To indicate me as a referrer you will need to click the link on my signature to open the account for VGIF. my contact is also on my signature

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:11pm On Mar 11, 2020

When fundamentally sound stocks are selling at low prices that is great opportunity to create wealth for investors.

2 Likes

Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 6:19pm On Mar 11, 2020

Dinma27:
I just removed my money from stanbic ibtc money market...mutual funds as its not yielding interests again like i presumed. Please whats the best way to invest this money. I was thinking of changing to dollar and invest in stanbic dollar something something...its 5.8 percent for 192...The percentage aint fixed. Please i need some advise or guidance. Thanks

You can also look the way of VGIF managed by Investment One. rate is bench marked with sdf and it's currently 8.5% guaranteed.

Vantage Guaranteed Income Fund
FUND Fact
Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00
Fund Objective: To provide capital preservation and a stream of guaranteed income
Financial Year End: December
Fund Category: Fixed Income
Asset Classes: Money Market, Fixed Income and Equities
Fund Manager: Investment One Funds Management Limited
(A subsidiary of Investment One Financial Services Limited)
Fund Trustees: First Trustees Nigeria Limited
Fund Custodian: Stanbic IBTC Custodians
Fund Registrars: First Registrars & Investor Services Limited
Nominees: Stanbic IBTC Nominees Limited

Features/Benefits
VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility)
Returns are paid in January and July.
The return on investment is not subject to withholding tax.
Investors may also earn an additional yield equal to 35% of the net income of the Fund
The investment can be used as collateral for loan from banks.

To open VGIF, click on the link on my signature, pm me or call. You need to upload on the last page of the form the following:
1.passport,
2. any of national id, permanent voters card, Int'l passport, drivers licence, national id, NIN slip
3. utility bill - NEPA bill or payment slip of pre-paid meter
4. your signature signed on a plain sheet.
When you submit, an email to acknowledge receipt of your form will be sent to you. Thereafter, you get your account details and the fund manager's account you are to deposit your fund into. If there is no kyc issues within 24hrs you get your account details. You can then download the app and set it up on your phone with your account details.
NB: You don't need money to open any of the fund account.

To help my ministry as a sales person please always use the link on my signature when opening any of the accounts. That is how I can meet up target. Thank you.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 8:48am On Mar 10, 2020

ready4glory:
Now that the nation's economy is shaking, would it be wise to still invest in Money Market Funds?

Nigeria's economy has always been shaking it's one of the characteristics of underdeveloped or developing economy. Invest all the same. One thing investors do all the time depending on the economic situation is to change strategy but never stop investing.

4 Likes

Investment › Re: Mutual Funds by emmasoft(m): 12:24am On Mar 09, 2020

To open any of AMMF/VGIF or both at the same time, click on the link on my signature, pm me or call. You need to upload on the last page of the form the following:
1.passport,
2. any of national id, permanent voters card, Int'l passport, drivers licence, national id, NIN slip
3. utility bill - NEPA bill or payment slip of pre-paid meter
4. your signature signed on a plain sheet.
When you submit, an email to acknowledge receipt of your form will be sent to you. Thereafter, you get your account details and the fund manager's account you are to deposit your fund into. If there is no kyc issues within 24hrs you get your account details. You can then download the app and set it up on your phone with your account details.
NB: You don't need money to open any of the fund account.

To help my ministry as a sales person please always use the link on my signature when opening any of the accounts. That is how I can meet up target. Thank you.

2 Likes

Investment › Re: Mutual Funds by emmasoft(m): 12:20am On Mar 09, 2020

U1:
There's something I need anyone to explain more to me, please.

Is there any sort of safeguards when dealing with institutions dealing in mutual funds and securities?

To make this clearer, if someone invested in mutual funds or securities in Company A and, maybe a few years later, the company folded. What happens to the investment you made in or through it?

CC: ernie4life, emmasoft...

To start with, please note: if you invest in any mutual fund you did not actually invest in the funds manager’s firm.
e.g if you invest in Abacus money market fund, you did not invest in Investment One as a firm but rather it’s a collective fund (Abacus with the underlying assets- Tbills. You invested in
To be sure your funds are safe, we have the custodian which usually is a MDB to hold the funds
Then Trustees who make sure the fund managers sticks to the investment objectives and they always form part of the signatory to the funds account, hence you have FBN MMF/INVESTMENT ONE FINACIAL SERVICES for fbnquest mmf, United capital Trustees/Abacus money market funds for Abacus money market fund etc.
We have the regulators the almighty SEC to take care of compliancy and other government policies in that regard, plus others - Registrars (record keepers of unit holders), Auditors
So, if the fund managers goes down which is very rare, your funds is with the custodian and the Trustees is there to do the needful.
What the fund manager does is giving financial service which you pay for and to give financial advice for you to get best returns for your money following the objectives of the type of fund in question.
An example is the Union trustees mixed funds. There seems to be issues with the fund management since 2014. But the fund is intact cos the underlying assets are there. It’s just of recent a new fund manager is picking them up and they are starting where others stop. In fact I posted the notice of their AGM for year 2014 till 2019 on this thread recently.
The same thing with equities you buy on the NSE, if the stockbroking firm going down it has nothing to do with your equities they are safe with the cscs as the depository. All you need do is to go to another firm if your current firm goes down and you are good to go, your stocks are intact. You will notice even if your firm goes down you will still get dividends paid to your account indicating you are still a shareholder of the company you invested in.
However, if you invest in a mutual fund which is equity based, the risk is higher. You can actually lose your money. Capital, Interest or returns are not guaranteed in that case. If you notice currently most of equity-based funds are having negative yields because the stock market is down.
Also if you invest in a particular company listed or unlisted as a an investor, if the company goes under your money goes under as a shareholder, that is the risk involved. For example, just as there is nothing like Bank PHB, skye bank or Afribank so also the investors have lost all their money.
In conclusion, if you made investment in a company and the company goes down your money goes down with it as a shareholder in that company
But if you made investment through a company (Fund manager or stockbroking firm) your investment is safe even if the company goes down. I hope this help.

2 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 6:34pm On Mar 06, 2020

Mcy56:
You said thanks.
Can you pls repeat his explanation in layman's terms cos my dictionary can't even break the oyibo down.

Using Afriprud as example, range of days for close period is 9th - 13th March 2020.
Mark down will happen on the first day of the range which is 9th March 2020.
ie Afriprud will be mark down on 9th March 2020

1 Like

Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 5:31pm On Mar 06, 2020

YourNextLevel:
Experts please i need to understand something here

If i have N1m and i wish to do a fixed deposit with a bank and their rate is 4.5% for 90day

Would the calculation be

1,000,000 X 4.5 /100 = N45,000 Profit in 90days

So i take home N1,045,000

OR some other multipled by 12 etc

Please note all interest quoted for regulated investments like FD, mutual funds, Tbills, etc are per annum. Let's be well guided

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 5:13pm On Mar 06, 2020

Lion123:
Please does Markdown happen after dividend is paid, or after the closed period?

Mark down happens on the first day of the range of days for the close period.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 10:16am On Mar 06, 2020

Phranky1:
Dear Pimpo,

Has the below issue been resolved?

Please advise those waiting to invest?

Check the previous page ie 227 explanation is given right there.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 3:38pm On Mar 05, 2020

http://www.nse.com.ng/Financial_NewsDocs/29295_UNION_BANK_NIG.PLC._FINANCIAL_STATEMENTS_MARCH_2020.pdf

Union Bank proposing N0.25 dividend first time in about 12 years

Investment › Re: Mutual Funds by emmasoft(m): 9:11pm On Mar 04, 2020

A305:
let's assume I am totally wrong, so why did the percentage change from 12% last year to 5% first quarter of this year?

I just told you why and you said it's not convincing enough. So what are you expecting?

Investment › Re: Mutual Funds by emmasoft(m): 9:08pm On Mar 04, 2020

Pr0cter:
They were paying me back with an interest rate of 12% per an um last year. Your assertions isn't convincing enough

Please note: I'm not trying to convince you. I'm telling you the realities on ground. You can check up yourself by reading more pages on this thread listen to economy news, ask your bank and visit IBTC office I'm sure you will be more than convince by then.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 9:01pm On Mar 04, 2020

[quote author=Pr0cter post=87168717]How much is their interest rate per annum[/quote

8.5%

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 5:47pm On Mar 04, 2020

[quote author=faoogoke post=87165921][/quote]I didn't say so. I mentioned VGIF as a way of diversification to other forms of mutual funds. Basically VGIF is a different category of mutual funds. It has a fixed rate bench marked with sdf which is guaranteed, unlike mmf that rates are controlled by TBills rates particularly the 91 days tenor.
Here are Facts of VGIF once again:
Vantage Guaranteed Income Fund
FUND Fact
Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00
Fund Objective: To provide capital preservation and a stream of guaranteed income
Financial Year End: December
Fund Category: Fixed Income
Asset Classes: Money Market, Fixed Income and Equities
Fund Manager: Investment One Funds Management Limited
(A subsidiary of Investment One Financial Services Limited)
Fund Trustees: First Trustees Nigeria Limited
Fund Custodian: Stanbic IBTC Custodians
Fund Registrars: First Registrars & Investor Services Limited
Nominees: Stanbic IBTC Nominees Limited

FeaturesBenefits
VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility)
Returns are paid in January and July.
The return on investment is not subject to withholding tax.
Investors may also earn an additional yield equal to 35% of the net income of the Fund
The investment can be used as collateral for loan from banks.

Investment › Re: Mutual Funds by emmasoft(m): 4:53pm On Mar 04, 2020

Pr0cter:
Please what's the problem. Why is Stanbic IBTC MMF doing at 5%.

Someone should explain to me what's happening. It use to be at 12% as at December

Rates are down vis a vis Tbills rates which in turn shows the current economic realities of the country. So the problem is not really peculiar to IBTC though there are some MM rates slightly higher. In generally, almost all if not all MMFs are on single rates as at today. As a way to diversify, You can invest in VGIF manage by investment one which is another form of mutual fund in the fixed income category. Check my signature for more details.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 9:35am On Mar 04, 2020

Redoil:
It seems that union trustees mixed fund have disappeard into thin air.
Though it has changed different mangers with the last manager being cdl asset.
As for sterling registrar, they have removed it from their website.
What can i do to get my money back
Ernie4life ur attention is needed here

There is information from new managers of Union Trustees mixed fund. Check the attached.

Investment › Re: Mutual Funds by emmasoft(m): 5:12pm On Mar 03, 2020

jossy26:
Can someone explain more of this cos even at 8.5% interest rates as advertised monthly returns should not be less than 34k on 5m investment. I just opened an account with investment one VIGF and about to fund the account but I have to pause till I get some clarification

"If you have 5m the daily rate will be calculated thus: Simple Interest for one year = 5,000000x8.5x1/100. =425,000
One day interest = SI/365 in this case is 425,000/365 = 1,164.38.
Please note it may note be posted daily, that doesn’t mean the interest was not earned."

The statement above is part of the explanation made earlier on this page. You can scroll up to see more. Your monthly interest is around that 34k. as you mentioned.

1 Like

Investment › Re: Mutual Funds by emmasoft(m): 10:11pm On Mar 02, 2020

Phranky1:
Thanks for your response Emma,

Please can you give me a % value that was distributed last, trying to maximize my choice while applying capital preservation.

Thanks you!

As stated earlier, d extra is not fixed. But going by what I usually get it's around 2.5 to 3.5% extra. So one is looking at 11 to 12% total.

Investment › Re: Mutual Funds by emmasoft(m): 7:54pm On Mar 02, 2020

Phranky1:
Hello Emma,

Based on your experience, can you conclude that for the investment VGIF package, especially in the recent years gone that investors have benefited from the excess of 35% additional yield? when was the last time an additional excess yield was distributed to investors? Reason for wanting to know this, is because i am either looking at Alat by wema which offers 10% on annual savings or to enroll with Investmentone VGIF which offers 8.5% + addtional yield that may be distributed?

Your advise, would be appreciated.

From experience since 2014. That excess is always paid. I'm a beneficiary because I also have VGIF account. So go ahead and open Vgif account. You will be happy u did.

1 Like 1 Share

Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 10:39pm On Mar 01, 2020*

[quote author=ojesymsym post=87087225]I am no expert but I am surprised to see Access bank in that list, I hear more of negative news about that bank than positive.

[/quote
Don't be surprised, the cretaria for qualification has been pointed out and that is it. When it come to financial institutions, feelings, opinions or such things are rearly used to categories. They are graded by what the books are saying.

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 8:08am On Feb 29, 2020

EchoLima262:
Na u suppose look well o. Check item 40 on Page 135 of the Report. It's 60k final plus 20k interim!

2 Dividend
The Directors, pursuant to the powers vested in it by the provisions of section 379 of the Companies and Allied Matters Act (CAMA)
of Nigeria, propose a final dividend of N0.80 per share (31 December 2018: N0.65 per share) from the retained earnings account as
at 31 December, 2019. This proposed final dividend and the N0.20 per share interim dividend paid in September 2019 will be
presented to shareholders for approval at the next Annual General Meeting. The proposed dividend is subject to withholding tax at
the appropriate tax rate.
Page 3 of the report

3 Likes

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 1:00am On Feb 29, 2020

owoblow77:
Na 0.60k I see o.
0.20k interim + 0.60k final = 0.80k total

Look very well.
It is N1
20k interim +80k final ie 100k total

Investment › Re: Mutual Funds by emmasoft(m): 5:57pm On Feb 28, 2020

pimpo:
Please can you explain how VGIF works? It appears not be like a money market fund in terms of accrual of daily yield. The daily price list available on investment one's website states that yield has been around 10% but an investment of 5mil has brought just 5k after a month. Kindly enlighten me. Thanks.

As earlier stated in some of my posts. VGIF is a mutual fund under the fixed income category Which has yield bench marked with sdf and currently is 8.5%. This is the guaranteed rate. Pls check the facts of the fund once more:
Vantage Guaranteed Income Fund
FUND Fact
Minimum Subscription: N50,000 Additional investment can be made in multiples of N1.00
Fund Objective: To provide capital preservation and a stream of guaranteed income
Financial Year End: December
Fund Category: Fixed Income
Asset Classes: Money Market, Fixed Income and Equities
Fund Manager: Investment One Funds Management Limited
(A subsidiary of Investment One Financial Services Limited)
Fund Trustees: First Trustees Nigeria Limited
Fund Custodian: Stanbic IBTC Custodians
Fund Registrars: First Registrars & Investor Services Limited
Nominees: Stanbic IBTC Nominees Limited

Features/Benefits
VGIF offers a guaranteed return which is benchmarked against SDF (Standard Deposit Facility)
Returns are paid in January and July.
The return on investment is not subject to withholding tax.
Investors may also earn an additional yield equal to 35% of the net income of the Fund
The investment can be used as collateral for loan from banks.

If you have 5m the daily rate will be calculated thus: Simple Interest for one year = 5,000000x8.5x1/100. =425,000
One day interest = SI/365 in this case is 425,000/365 = 1,164.38.
Please note it may note be posted daily, that doesn’t mean the interest was not earned.
In conclusion, kindly send a mail to customer care and copy your account officer requesting for your statement of account for more information. or call 01448 8888, 08181057319

1 Like

Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 1:40am On Feb 28, 2020

https://nairametrics.com/2020/02/23/how-not-to-invest-in-shares/

Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 9:32pm On Feb 26, 2020

wura2u:
I am not misleading prospective investors but they should open their eyes so that they don't fall into the same pit I fell in 1990.

Oga that is what you are doing right now. Let's be careful in the use of words. Have you gone to verify your investment since investment one took over the management of the fund in 2014? Were you able to provide the necessary documentations? I can tell you all investors in any of investment one products are treated in accordance with rules and guidelines on the product prospectus which turn is regulated by SEC, You can as well click on this link https://www.pressreader.com/nigeria/thisday/20150225/281741267870016 to get to know the action investment one took then as they took over.the management of the fund

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Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 11:48am On Feb 25, 2020

Investment is more of Marathon than a Sprint. It's more of average velocity not constant velocity or speed. Learn the rules before embarking on it. On the long run you will be a winner if you abide and play by the rules and use the right strategy

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Investment › Re: Mutual Funds by emmasoft(m): 11:47am On Feb 25, 2020

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