sgtponzihater1:


With Chaka, for example, their intermediary is drive wealth US, and they buy stocks with your name. If Chaka goes burst, they cannot take your fund "legally", as they are only a platform for you as an individual to purchase that stock or ETF. Moreover Chaka is owned I.e Citi Investment Capitial . There is trove, bamboo etc, but I like to stick with medium to longterm industry players. Most of the others are business men who's main objective is making profit from exhorbitant fees, which shouldn't be the main motivation.

Another app based in the UK is Dodl which is actually owned by AJbells. Money box, invest engine etc are also available in the UK.

Having an app that purchases several stocks/index fund/ETF is actually a game changer for the average investors. I have tinkered with starting one with much lower fees than what currently obtains, but with questions like yours, I imagine Nigerians may not be exactly ready. Also any management fees above 0.5% -1% annually is actually too expensive, but I see Nigerians unlike people in western world are very comfortable paying this, so I imagine low fees may not tilt people towards patronising low cost players at the moment.

In the end every investor should do their due diligence and take responsibility for their profits and losses.

Best regards

sgtponzihater1:


For most fintech companies you still have a CSCS number, if you buy an ETF or stocks then it's in your name.

Also for MMF fund bought under those platforms, it should usually be in the investors name, the platform should only be an intermediary between the individual and the mutual fund company. It is the duty of the investors to ask for his investment certificate and have it handy. If those platform go burst, then you can contact the provider or the platform may transfer your details to another platform.

If cowry wise invests your money with their name, then it's a Ponzi scheme and you've got to run.

PonziHater

Tohmey:
welldone sir, please help recomend a trusted firm that can offer both MMF & FIXED INCOME FUND

sgtponzihater1:


Seems safe, since if they crash you can claim your money from the primary providers. The only issues is you'll be paying more fees than you should. The primary providers take their fees, then cowry wise does the same.

I am very particular about fees. Otherwise, you can probably go ahead.

NightCrawler1:


Really, send me a link if you don't mind, not doughting you.... we learn everyday

NightCrawler1:


Nope, it doesn't... I have mtn mifi, please note this is locked but can be unlocked. I'm selling for 7k last.

It's is locked

olopan:
Can you kindly share their pics, so you don't have to buy another.
Or you can also call the number above to get what you may need

olopan:
Awesome! Once back from my work trip I will be in touch to set a date.

BTW what fishing gears do you have presently?

olopan:
Okay! I am in Lagos and I sometimes fish from the rocks off the beach or local boat cruise with a two or three guys trolling along the ocean

If these places are okay by you, we can set a date

olopan:
I do!

Where do you have in mind?

damoch:
Good day , pls does anyone have investment with investment one . I’ve received this mail , I wish to know if it is legit and how sustainable the organization is
This isn’t a cp but it offers a competitive return

freeman67:


How do you fund the Afrinvest Dollar Fund/ on the Optimus?

amordi:
FYI

amordi:
How do you get updates?

freeman67:


Oh I see.. but they just had the 2 & 3 in March, why the immediate issue this April for 4 & 5? Is it that they could not enough money as intended in the 2nd and 3rd series or they had urgent need for more money.?

freeman67:



Wow, it's still on. The last notification I got on it from coronation was on the 24th of March stating that the funding date will be 29th March. Maybe they couldn't get enough bid so they decided to continue again.

sgtponzihater1:


Personally, I would be careful investing in commercial papers when treasury bills and government bonds are available. It's higher risk investment, though the interest may sound enticing.

If the government can't pay, they can print more money, it private companies are broke, they declare bankruptcy

RayRay06677:
Good luck

hartson:
by double digit what do you mean?or is it like e.g 00.00%

prestige2013:
Any mmf with double digit returns.

kennyzboy:
Good evening to all mutual funds investors, please I'd like anyone who's well informed and at least an expert to a good level to talk about the legitimacy of the Coral mutual fund by fsdh and that of united capital mutual funds compared to the regular popular mutual funds offered by StanbicIBTC, fbnquest, axamansard, gtcofundmanagers, arm.

Is it advisable to invest with that of fsdh and united capital, or stay away from them?

Thanks because I heard that their ROI rates per annum are quite impressive.

@emmasoft
@ernie4life and others too.