₦airaland Forum

Babtunz:
Hello all,

Please I need your inputs on this. Say you have #10m to invest, how would you go about it? Would you rather:

1. Invest all in Risevest real estate plan for a 11-12% annual return. Using the exchange rate of 1650, that's about $6060. 12% of that is $727 which is about #1.2 return in a year.

2. Invest all in Stanbic MMF for a 20-21% annual return, which is about #2m.

3. Putting inflation into consideration, I'd go for number 1 but leaving out a potential 800k in option 2 doesn't sound very wise to me.

If you have any other way you'd go about this please kindly share 🙏🏾

I don't know much about risevest, but I know that the stanbic MMF rates is not fixed at 20-21% per annum as it is subject to going higher or lower depending on variable factors.
Meaning that at the end of the year, you may end up with 2M, less than 2M or more than 2M as the case may be.

if the rate remains 20%, Yes.
If it goes higher or lower, there is a corresponding increase or decrease in your earnings.

dauntless15:
This Stanbic mutual fund I'm seeing 20% per annum does it mean if I invest 1million na only 200k I go make after one year?

adilimudassir:
I figured online redemption of Stanbic MMF has limit of 2.5m? is that monthly or daily?

Redemption limit should be per withdrawal
Abi no be so? @emmasoft

fitzmayowa:
All the paired HMs without a following of their own will struggle here, the money is married crew and the money is classless/razz crew we await where all of una go align.....

The money gan sef is now confused

Estellie:
One mumu dey cry? 😂

Waaaneeee ex haaaandeee

Which kain last supper dissolution vibes be this

Gross or Net??

emmasoft:
Take advantage of High Rate investment in Norrenberger MMF
The rate is currently 24.53%

Complete the attached form to open an account for free.

I think you can buy from them if the rates are favourable.

Donsheddy:
Can i buy tb from my wema app, i saw this on my bank app, i was thinking of buying 100k worth since thats the minimum....
Is this a good place to buy

SFS abeg add smoh 1% join the interest nau

Emmasoft

Hello House

Does anyone here used FSDH Asset management for mutual funds?
How is their service?

Any pros and/or cons?

Thank You

Make I chop belleful first

emmasoft:
No matter the economic situation spare some cash for investment. It pays!

stokfrick:
Good day fellow investors, I've been following the insightful comments on this thread and I must commend everyone.
But pls I need to know if these banks have investment houses where one can go to apply for t.bills or do I just walk straight to any bank Branch( for eg any zenith bank Branch if I am to use zenith), and apply for it?
Your comments and any additional info is highly appreciated.
Thanks

walk into any bank branch and tell them you wanna buy TBills.

if the credit was done after 12pm, then you'd get value on Tuesday morning.
cut-off time for same day settlement of stanbic mmf is 12noon, any payments after 12 reflect on the next working day.

Tracyy122:
Please l credited my account since Thursday and the money is yet to reflect on my account.

What should l do? I am new to this investment thing . Stanbic ibtc MMF

biznus:
This week? @what rate

2 weeks ago

chukzyfcbb:
For those who have invested in the secondary market, were you paid the interest upfront just like it's done in primary market

Or is everything held (capital + interest) till the end of the tenor?

I opted to reinvest my interest and then get everything back at the end of the tenor

stanbic is now on 14.05%

Dum20:
Stanbic just be doing shakara and be offering 13% for MMF. See their Junior brother dey shake body well.

Odunharry:
Tbills sec market Investment One.

The first interest rate is when you opt for interest upfront, the other is at maturity and the last is tenure

sorry to ask this but how is investment one able to do 23.58%?

depends on the bank tho

Odunharry:
Secondary tbills rate is even higher than that.

farydah:
Yes oo. It's secondary. Could I have been able to buy primary with that amount?

Of course you would have.

Are you sure it's not secondary tbills you bought?

farydah:
Mine was successful but I put in 5m for 364 days and I was credited 745k there abouts. However, my certificate came with the rates at 15.5% and the tenor 354 days or so. Am I missing something??

Itsrm:
What did Stanbic post? Axa mansard is also doing 11.59 at a time when fixed deposits have gone to 13%

Seriously considering moving my funds away if the rates don't improve.

Stanbic posted 11.73%

Biko where is the 11.73% cos I am seeing 11.19 on my app

emmasoft:
Here is my preference as per mutual funds:
MMF - Stanbic MMF curreently 11.73%
Dollar fund - Norrenbeger currently 9.2% (They accept less than $1000 and could accept cash at the point of deposit)
Fixed income fund - SFS Capital currently 11.02%

Tranquility2345:
So why SFS no dey gjve this kind rate? Abeg wetin be the nsme of that marketer make he come answer o

Emmasoft??

emmasoft:
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.

is this not stressful?

Do 'smoh' giveaway

emmasoft:
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.

Akerewe:
Av bn trading with Stanbic bank but recently I don't understand them again. The last time they lost their FGN bond bid in December nd dey couldn't buy FGN bond for me in the secondary market by posting me for a week after I choose the tenor I want from available list sent to me nd I even fund my stockbroking account. My account officer number is switch off since December 15th 2023 till now nd I can only bid tru him in the primary market nd yet they didn't change him for me after several calls and mails.

Is there any alternative or chance with this meristem? What's are the dos and don't with meristem? How secured are they? Pls walk me through this meristem stuff.

Been using meristem since 2019 and so far, no issues.
I can give you my contact's email/number so you speak with her. She is usually very thorough in terms of details.

Akerewe:
Good day house, pls when is the next FGN BOND 2024

FGN savings bond is now available.
Got a mail from meristem today

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.