BlissGod:
Do you work with Investment one

As a Sales Rep.

dayjeee:
Investment one is very bad, sorry to quote you, I am switching to a fintech broker like as soon as I am done correcting the phone number on my bvn. Imagine investment one charging me N600 on N6,000 shares I bought...the cost has even eroded all capital appreciation I may get.

@dayjeee I guess you don't understand how it works. Investment One and any brokerage firm can't charge more than the regulatory fees, it's automated as stipulated by the regulators. They strictly operate in compliance with the rule of engagement in the capital market. I'm sure they can never charge you that much. No transaction gets up to a 10% charge on any consideration.
Please be well guided.

Thank you.

BlissGod:
To all the bosses in this forum, I greet you. Am new to this stock trading and I wish to take it seriously this year, please what is the best online broker I can use only in naira please. My capital is not much. Thank you everyone.

Come over to investment one.
You will get One on One guide on how to navigate the market with respect to your investment objectives.

To open a stock/CSCS account for free click the third link on my signature to register online.

Requirements:

Passport photo

ID Card which can be any of the these: NIN slip, Int'l passport, voters card or drivers license

Utility bill not older than three months

Your signature on a plan sheet.

You are free to reach out to me with my displayed contact.

Streetinvestor2:
I don't even get the results coming out this year from companies. Are all the results un audited. Why am I not seeing dividend declaration. U cap use to take the lead in this aspect.

It's normal. For companies that submitted unaudited results a month after the end of the fourth quarter, they have till 31st of March to submit their audited results while companies that didn't submit unaudited have two months ie by the end of February to submit their audited results.
However, a company can be in the league of Early Filers like Geregu and submit audited results much earlier than those deadlines.

chukzyfcbb:

The thing is the rates swing easily in MMF.
Yes it's 19% now, next two months it could drop to 15% and subsequently to 12% affecting the total profit

Whereas an investor in tbills will lock it down for the year

Yes rates are daily valued in MMF but the truth is when Tbills rate is high it affects MMF positively.

MMF also has its advantages
Easy entry and exit without penalty after 30days.This makes MMF very good for emergency fund.
It can be invested in with as little as 5,000
If rate changes upward it affects MMF positively but Tbills is static for the tenor.
Reinvestment ie Compounding is easily done with MMF.

So both Tbills and MMF are good for any conservative investor it depends on what you wish to achieve at any point in time in your investment journey or strategy.

The truth is that there is no one form of investment that can meet all the needs of an investor hence diversification is always encouraged.

Hogwarthtrades:

The increase rate is a new development bros/madam!!! If it's a money market fund even fixed income fund should gradually reflect the increase in coming weeks (depends on the exposure of the fund to recent tbill / bond market auction).

@Hogwarthtrades you are very correct.

For investors in mutual funds particularly MMF and fixed income fund note that any change in tbills rate or MPR will surely affects the funds since one of the major underlying asset for these funds is tbills but the change is not instant. It will take effect when revalution is done using the new rate.

One thing is sure, a positive change in tbills rate or MPR is a plus for all MMF or Fixed income investors but it's the opposite for equity investors/traders all things being equal.

heavenisreal18:


Pls is investing in dollars now advisable considering the rate

Having dollars is just a hedge against devaluation/inflation outside that having dollars is not an investment per se. If things were normal in Nigeria dollar would be just another currency.

If you can get the dollars, a dollar fund or dollar placement is not bad but if it's difficult getting dollars, having good stocks with great potential and a good dividend payment policy can also be a good alternative.

JEmma1:
I’m still in search of dollar funds investment. I was about starting Dollar mutual funds before I noticed that it can depreciate and eat into your capital. Please I need suggestions on which to go with.

All dollar funds operates the same way except if you want to do dollar placement instead, it's similar to fixed deposit where you have a fixed rate for a specified tenor. Your capital and the agreed interest is guaranteed and paid to you at the end of the tenor.
Chat me up if you opt for dollar placement.

defebe:


You can't cancel you bid on investment one app until around 6pm

You can if you have DMA (Direct Market Access). If you have DMA you can cancel at any time otherwise it will be between 4pm and 7am.

To have DMA simply send a mail to customer care asking them to profile your account for DMA and it will be done without any cost.

BullBearMkt:

What? Is that the new rule? That dividends older than 12 years is gone?

@BullBearMkt, this rule has always be there perherps because must people dont wait that long before making moves to claim their dividend hence they are not aware. It's not new.

In fact there is a move to reduce it to 6 years as well as FG to borrow unclaimed dividend but shareholders group continue to fight against it.

molybdenum0012:
Hello guys, I need your advice.

My wife here just got an info to claim an unclaimed dividends of share she bought about 23 years ago with Conoil before she left Nigeria.

She has gone through the link and found out her name is there:
https://sec.gov.ng/non-mandated/

Now she does not have the certificate any more nor any Nigeria bank account number.

She is wondering if it worth it to come down to naija to claim it or not .

Please, brokers in the house what's your advice ?

Whether it's worth it or not to come over depends on her holdings currently. If her holdings is not much there is no point coming purposely for the dividend or the proceeds.

Also note that any dividend older than 12 years cannot be paid to her.

Personally I will advice if the quantity she has is not much, there is no point coming because her dividend and the proceeds from the sale may not cover the cost of her ticket except if she has other things to do here in Nigeria.
By the way conoil closed today at 101.

AmRoyalty10:
please where i can get a good stock broker o
I'm new to the game. Help please.

For a good and rewarding experience, you can come over to Investment One stockbrokers
Click the 3rd link on my signature to open stock/cscs account for free.
I'm just a call away if you need clarification.

alezzy13:


Ah. Oga they don't o. I would advice anyone going into such funds to be very wary.

I opened an equity based fund few days back and had been making some pretty impressive gains, but yesterday apparently the drop in share prices wiped out not just gains but part of my principal!! 🥺😣

That is why I said though they can give value also but you must be vigilant especially equity funds.
It's just like buying stocks directly. If you have the patient on the long run you can get value.

Like you said and I normally advice my clients if you are new in investment world, it's always better to start with MMF and fixed income funds. That is not to say balance or equity funds are bad investments.
The most important thing is to know your risk tolerance and stick to it and don't allow the euphoria of the market influence you so much as to ignore your risk tolerance no matter the gains a risky investment promise to give

enque:

is this not stressful?

Of course, that is where individual investor's objective comes in with consideration of their risk tolerance.

VeeInsider:
Are there others that guarantee capital preservation?

Yes, fixed-income fund, actually even balance fund or equity funds do but it requires that you be vigilant and know when to pull out.

stephano100:



please anyone have an advice for someone who wants to invest in stanbic dollar mutual fund or incase there’s alternative please share, thanks.

You can go ahead, most dollar funds returns are in the range of 5.5 -7.5%. They all operate the same way because the underlying asset is majorly eurobonds.

However, in terms of initial deposits Norrenberger accepts less than $1,000 and also accepts naira deposits at a conversion rate slightly above the black market rate on the day of the transaction.

To open an account at Stanbic, kindly click the link on my signature and complete the online form.
You are free to contact me. See contact details on my signature.

teejay1334:
Good evening to everyone.please I want a recommendation on a good and reliable stockbroker with their commission fees I can open account with.hoping for a response soon

You can come over to investment one stockbrokers. Good customer service, reliable trading platform both web portal and app.
To open account for free click the third link on my signature and complete the online form.
My contact is also available if you need to reach out to me.

Ginalex:
Good morning sir. Thank you for being so generous with this info. Please how can I monitor the market to be able to make decisions? Can you point me to any thread on NL or any material you can recommend?

You can get information on NASD website and from individual company's website especially for the few active ones.

Ginalex:


Good evening sir.

Trust you had a great day.
Please could you be so kind to point me to a NASD thread? I'm curious to learn and know how it works. Thank you

The NASD platform is just like the NGX with quoted companies.

However, the market is not very active as the NGX.
Like oga Emma pointed out, just few companies are traded regularly. Most of the shareholders in NASD companies buy to hold. They are mostly owners. You hardly see traders there. Many of the deals you see in NASD are cross deals. Also not all stockbroking firms have the license to operate on NASD.

To participant in NASD market, you will need to open a NASD cscs account.
Note that all trades are through your stockbroker. No online trading platform for investors. It operates like the early days of the NSE where you have to send buy/sell orders to your broker by email to execute on your behalf.

If you are interested in opening a NASD account, you can come over to investment one stockbrokers. Get in touch to get account opening form.

FP55:
Hello, I'm new to the Nigerian stock market and looking to get started. Could someone guide me on how to set up an online trading account? Additionally, I would appreciate recommendations for both online and offline resources, such as books, that can help deepen my understanding of stock trading. Are there any movies that you would suggest for gaining a better insight into this field? I'm seeking advice from those experienced in this area. Thank you for your help!

@FP55 it's a good move to come on board the capital market.

You will need to open a stock/cscs account.
You can do that with Investment One stockbrokers for free. click the third link on my signature to get started.

You will need the following:

Passport photo
ID card which can either be a driver's license, NIN, voter card, or In'l passport.
Utility bill not older than 3 months
Your signature

When the account is opened you will have access to the market online through the provided app or web portal.
You can also reach out to me if you need more clarity.

By the way, I hope it's not because you see or hear that the market is on a bullish run that you are coming in.
If that is the case you will need to rethink and make sure you have gotten your investment objectives and have a reason for your move and not just because of the euphoria of the moment.

Whatever the case it's a good decision to invest. You are welcome.

OrgasmDonorxoxo:
biko men and women dem

how do you know when to jump out of a stock

When you have met your set target which should not be controlled or influenced by fear or greed.

megawealth01:
Who knows the requirements of investment One and MORGAN for opening accounts with them?

Requirements for investment one

Passport photo
ID card
Utility bill not older than three months
Ur signature.
You can click the third link on my signature to open account online.

enque:
Do 'smoh' giveaway

@enque your patronage is invaluable, you are on point and your suggestion is noted.
"I thank you specially" and I celebrate you.

hadiza08:
Hello everyone. Please I'm new to the Nigerian Stock Exchange. Please can anyone guide me on what stocks to buy and which one is the most trusted an efficient NSE app to trade with.

open a stock account with Investment One stockbrokers and have access to the easytrade web portal and Investment One app.

Click the third link on my signature to open an account for free.

Attention: Investors in SFS Fixed Income Fund who Used my Link

Thank you for supporting my ministry.
Your patronage is much appreciated and never taken for granted.

If you have opened an account and have not yet funded, you can do so with as little as N5,000, and your interest will start accruing.

Please note that after you verify your BVN kindly generate your virtual account number.
This will enable you to have a personalized account number such that as you deposit into it, the money goes straight to your investment there is no waiting time.

You can also give your virtual/personalized account number to a 3rd party and once money is transferred into the account, it goes straight to your investment. This can be helpful if you don't want to spend the particular money you are expecting, in that case, you can give your virtual account number to the source of the cash e.g a debtor or even your company. You don't even need any description. Once you use your virtual account, it's treated as your personal bank account only that the content always goes to your investment directly.

When generated, it's normally a Wema, sterling, or Providus bank account in most cases.

As usual, I'm always available for any further clarification if needed. See my contact details on my signature.

freeman67:


Been a while I have visited the office branch. I opened the my MMF accounts from SIAML branch office in Abuja but the last time I wanted to do a transaction there immediately after COVID there was no body to attend to me. I ask by the bank staff to call instead.

I'm sure they would have resumed fully because the Lagos office is fully operational and customers who need to visit the physical office can walk in and be attended to.

freeman67:


Thanks for your response and readiness to solve our problems here always. You know I first made a post last week to see if it was a general thing or peculiar to me. Where you advised that it could be a lag with the them and the bank or something.

After that, I waited till the end of that week yet didn't hear from them. So on Monday this week, I called them to find out why and also to complain why the fund I sent was credited to a different account.

It was then they told me that they have already reinvested the interest, but the figures showing didn't add up. It was short of the deductions they made. So I insisted, then they claimed that they mistakenly added interest twice on 31st to all their MMF accounts and had to deduct all MMF accounts. That also is not correct because I monitored my account always and did that daily from 23rd to 31st because I wanted to top up and don't want to make the deposit and be stressed before it will be credited because of their end of year activities. Usually at the end of the month, on the app you will see the (Negative Red) deductions and reinvest interest of same amount for us that chose reinvestment and for others it will only be deductions because it's credited to their bank accounts. So, if it was true that they mistakenly credited accounts, you would have seen the credit twice and one debit and your balance will add up.

In this case, it didn't. All the while, from December 31st I only saw debit from my MMF accounts and noticed a reduction of same from my balance as against what it was earlier. I thought it was just a normal glitch that it would later be resolved and the reinvestments made.

All that while, my accounts were same that way till I complained on Monday then on Wednesday I opened my app and discovered the debit was corrected to credit without a corresponding increase in the balance and also adjustments were made to the app whereby no display of interest deductions before credit as it were again. Infact all previous monthly interest deduction before credit that used to be displayed was wiped out. So if everything was fine, why all the measures? They just discovered that lots of people don't have time to be monitoring investment accounts that's why they did it.

For some of us saying the web is more reliable than app, that's is not true. The app is more transparent, because on the app will see your daily increase at a glance if you have the time but on the web, everything is just lumped up so you can never get any serious clarifications from there.

When I insisted on being short changed they said that I should provide evidence unfortunately I didn't download the statement or keep screenshots because I wasn't thinking situation like this will come up.

So from now, I will try as much as I can to be keeping statements and screenshots weekly or at least monthly.

@freeman67, this is well-detailed feedback. I wish you could visit the physical office.

Mrluv:
what is sfs?

It's d name of the fund manager just like stanbic.
The firm is SFS Capital and they mange the SFS Fixed income fund with current rate at 11.05%

Oritna94:
Please I am new to this. I don't know which one to join. It seems SFS has a good enough review on their app in playstore. Which do you suggest I join?

To get advantage of benefiting from all debit instruments you can do both stanbic MMF and SFS fixed income fund.

MMF has Tbills and CP as basic underlying assets
While fixed income has FGN Bonds in addition to what MMF has.

Click the first two links on my signature to open account or chat me up yo get more charity.

enque:
Freeman67

I had this same issue with stanbic. I checked my balance on 31st night and then on checking again in January, I saw a totally different figure.
Downloaded the statement from the app, but it didn't contain the balances so it was hard to reconcile the figures. I had to log in to web to get a more detailed statement before I got clarity.

for now, I'm keeping a close eye on the account.
Doesn't even help that the app doesn't allow screenshots.

Please note, that sometimes there is a little time lag between the app and the web. The app is actually for a glance. For a more detailed check use the web. That is not to say the data on the app is wrong. They are both correct and serve the purpose depending on the investor's interest at that particular moment and what information is needed.

simplebb:



This is serious.
I’m yet to be paid till now also

Please can you provide the number I can call them on also.

FBN quest has paid since 2nd of January


What’s happening with Stanbic please ? @emmasoft

I can assure you all is well. internally no issues. The delay could just be an interface problem because payment into bank accounts involves other networks and there is volume as per customer base. that notwithstanding please get in touch if you don't mind.

Thank you.

freeman67:


Good afternoon House, if you are using Stanbic IBTC Asset Management be sure to regularly keep your records and Statements of account, please. I log in to my app almost every day and I see what happens there always. I checked daily throughout the holiday period because I wanted to add to my subscription but I did not generate and keep the statements.

I discovered my that the interest on my MMF account was debited in on 31 December 2023 but not credited to my account or reinvested. I sent them a mail in that regard but they did not reply so I had to call them.

They picked my call and couldn't tell me anything tangible than it was they credited me twice and this had to debit me. When I informed her that same happened in my other MMF account, she said it happened to all their MMF account. I instead mine was not correct from my observation and she asked for the proof/evidence that I don't have.


Also, last week made a deposit that was to be credited to my MMF account last week, the money was credited to my GIF account instead. That was their mistake not mine. Instead of them to just say sorry and rectify the problem, the kept lying and insisting that I made the payment to GIF collection account that was they credited it there. However, the transaction receipt is with me. On the receipt, my MMF account number is clearly stated in the Narration space and I rightly sent the money to MMF collection account. Mistakes are normal but why would you lie and insist on something you are not sure about instead of just rectifying the mistake.

I used to enjoy their services but now, I don't understand what is happening with them now again. This year, I will be downloading my statement at least monthly to avoid all these stories.

@freeman67, apologies for all the inconvenience. I know you are very objective when it comes posting stuffs here. Actually, from my end, everything seems okay. The reinvestment of interest was done 31st of December, I guess the issue is in some accounts and not general.

However, I will escalate as much as possible though it's a bit difficult because I can't be specific since some of the information I need to be specific can't be shared in a thread like this.