Emmasoft's Posts
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 Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 9:51am On May 11, 2019 |
Marula:1. yes you can start with N500k 2. IBTC or FBN (my opinion) 3. for primary auction within the week of deal date. That means you can do so before 16th May for next primary auction 4. Mutual fund and Tbills are actually same in principle. in mutual funds, you are pulling funds together with other investors through fund managers to buy TBills. 6 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 3:06pm On Apr 29, 2019 |
casted81:complete the form online or download it, complete and send back to them here is the link https://www.stanbicibtcassetmanagement.com/nigeriaassetmanagers/personal/Mutual-Funds/SIBTC-Money-Market-Fund |
| Investment › Re: Mutual Funds by emmasoft(m): 9:06am On Apr 26, 2019 |
eddyakinrinde:No worries |
| Investment › Re: Mutual Funds by emmasoft(m): 5:02pm On Apr 25, 2019 |
eddyakinrinde:Please read his note well. He said 3 months ie a quarter. Don't forget MMF always pay per quarter even if interest is earned daily and you also know all rates quoted are always annual not daily or monthly. Thank you. 3 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 9:54am On Apr 25, 2019 |
Trone:My advice: Do more MMF or Treasury bill their rates are better than FGN saving bond. Anything equity has risk attached. If you are ready to take the risk it's cool. Also note returns on equity fund depends largely on stocks performance on the NSE. 4 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 2:39pm On Apr 20, 2019 |
Redoil:contact Capital Express Plot 1626C-E, Idejo Street, Off Adeola Odeku Street, Victoria Island, Lagos Phone number Call us: (+234) 01-4540089 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 8:02pm On Apr 18, 2019 |
RolD:interest added at end of 3 months you only earn interest each day it's not added to principal. However if you decide to pull out before the end of a quarter your interest and principal will be paid to you. otherwise it can only be part of principal and yield interest after each quarter. T = 1year if 365days = 1year 1 day = 1year/365 charges varies from house to house. There is definitely charges. From experience you are most likely going to get a little less than what is quoted for some firms. NB: For stanbic. they have a different system from other houses. They don't wait till end of quarter before re-investing. You can contact their customer care for clarification on that. The above explanation is for Investment one I represent. I think it's same for others apart from stanbic. 2 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 1:09pm On Apr 18, 2019 |
RolD:No special calculation. Each day is simple interest: P*R*T/100 then divide by 365 gives the interest for that day. However the principal changes to a new value when you add more funds or after each quarter where your accumulated interest for the 3 months is added to your principal if you choose the re-invest option. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 11:06am On Apr 16, 2019 |
will007:I use investment one. the differences must times with investment houses are services and investor's taste or interest rate. otherwise all MMF operates with same principle basically. 1 Like |
| Investment › Re: Nigerian Stock Exchange Market Pick Alerts by emmasoft(m): 7:52am On Apr 16, 2019 |
ukay2:1. check your old dividend warrant you will see the account number 2. If you have your certificates original or photocopy the account number will be there 3. Go to the registrar of the company you will have it and in that case you wouldn't even need the bank anymore you can as well submit your mandate with them even without the number. They will take of it. 1 Like |
| Investment › Re: Treasury Bills In Nigeria by emmasoft(m): 3:55pm On Apr 11, 2019 |
Pascal2016:Go with the bank rate it's safer. 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 3:16pm On Apr 10, 2019 |
[quote author=addbol post=77426250][/quote]Note that your daily interest is not paid out daily. interest is earned daily but it's paid quarterly. If you choose the reinvest option, it's also reinvested at the end of the quarter. Hence n you will will always see accrued interest in your account during every quarter. it's accrued interest that becomes payable interest. The only time your accrued interest becomes payable before end of a quarter is when you decide to pull out. at that point your capital and accrued interest will be paid immediately. I hope this help |
| Investment › Re: Mutual Funds by emmasoft(m): 4:09pm On Apr 09, 2019 |
Yem0350:https://fbnquest.com/asset-management 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 4:48pm On Apr 08, 2019 |
luckyjacob:To invest in MMF you don't have to be a customer of IBTC Bank. Any bank you are using presently is ok. Just get the forms complete them and submit with the kyc required. if you are in VI you can walk into their office complete the form and pay deposit with your ATM card that is all. |
| Investment › Re: Mutual Funds by emmasoft(m): 4:57pm On Mar 29, 2019 |
emmas2k570:Your interest will count. I had similar experience. I send mail see their reply: Dear Sir, Thank you for your feedback. Our sincere apologies for any inconveniences experienced. Please note that your funds have been unitized accordingly. However, we are currently experiencing a system downtime which is why it is yet to reflect on your statement. Be rest assured that your investment with us is safe and will get same day value for your most recent payments. All hands are on deck to rectify the glitch and we will revert with an updated statement of unit holding once done. Thank you for choosing FBNQuest Asset Management. Kind regards, Samuel Yisau Samuel Yisau CCU +234 (1) 279 8300 +234--802-221-4060 samuel.yisau@fbnquestmb.com FBNQuest Asset Management Ltd. 10 Keffi Street S.W. Ikoyi, Lagos Nigeria |
| Investment › Re: Mutual Funds by emmasoft(m): 1:59pm On Mar 07, 2019 |
chufor:What Yem0350 is saying is this: That 5k you deposit will gain the day interest, then the same 5k will get interest the next day that is how the 5k continue to gain interest each day till 31st of March. then if you pick reinvest interest as an option then by 1st of April all the accumulated interest will be reinvested. let's say the accumulated interest was 1k. it means by 1st April till 30th of June you be getting interest on 6k daily.That is how it continues till the day you wish to liquidate. 5 Likes |
| Investment › Re: Mutual Funds by emmasoft(m): 11:26am On Mar 06, 2019 |
emmas2k570:I'm with Investment one. Naturally I will advice you to come with us. However MMF are basically operating with same principles. The difference as you noted is in rate, and customer service |
| Investment › Re: Mutual Funds by emmasoft(m): 9:22pm On Mar 02, 2019 |
brane:Read all you need to know here: https://www.stanbicibtcassetmanagement.com/nigeriaassetmanagers/Business/Mutual-funds |
| Investment › Re: Mutual Funds by emmasoft(m): 11:26pm On Mar 01, 2019 |
fash78:Basically must of the mutual funds are named base on their asset allocation. depends on your choice and level of risk tolerance you can invest in any. check any of the investment outfit or banks sites - Investment one, IBTC, FBN Quest, Zenith etc the funds are described. Considering the fact you are new. I will advice you to start with MMF with very little or no risk. When you have gathered experience and adequate knowledge you can do a more riskier investment options 1 Like |
| Investment › Re: Mutual Funds by emmasoft(m): 11:20am On Mar 01, 2019 |
umulobi:https://www.stanbicibtcfundsmanagement.com/ |
| Investment › Re: Mutual Funds by emmasoft(m): 8:14am On Mar 01, 2019 |
chufor:Yes. Any interest gained is paid to you in full or re-invested base on your choice without any tax. |
| Investment › Re: Mutual Funds by emmasoft(m): 11:33pm On Feb 28, 2019 |
austine4real:That is very unusual. Accounts are open in a matter of hours immediately you complete the form online. However, you can call Adeola 08129921093 or Nnamdi 08129921073 |
| Investment › Re: Mutual Funds by emmasoft(m): 9:32am On Feb 28, 2019 |
234ng44uk:Investment one is doing very well. currently rate for MMF is 13.41% source: http://fman.com.ng/mutual-fund-price-list/# |
| Investment › Re: Mutual Funds by emmasoft(m): 12:56pm On Feb 27, 2019 |
amaham:Just do a normal Transfer to their account and upload evidence of transfer on the web portal. That is always my method and works well. |
| Investment › Re: Mutual Funds by emmasoft(m): 12:18pm On Feb 26, 2019 |
C505:I want to believe this is IBTC MMF account. Note that IBTC has since changed the way it handles interest accumulation and re-investment. Not as straight forward as other MMF. With the little I understand, when you see the subscription for a particular day, it does not mean all the accumulated interest for all days before that day. Interest accumulates daily but are reinvested according to their new system which I myself still trying to understand. If you check very well. You will notice that interest accumulate but the re-investment is done in bits. you may accumulate say N2,500 between Jan 1 to Feb 10 and they may decide to invest N520 on the 10th of Feb base on their new system. So don't worry too much it's their way. However, you can call their customer service to explain to you how their system works in terms of accrued interest and investment of interest. I hope this help 2 Likes |
