₦airaland Forum

Moses247:
why i nor go fear when na d only money i get for now@700k, if anything goes wrong while investing it hmmmm make i nor come die of heart attack
..lol which is why am takin my time to know which investment is d best n also risks free?? beside for d past four years i dont think mutual funds like dat of fbn has failed?

Moses247:
na waooo i don de fear oo..lol how about fixed deposit is it risk free??

Moses247:
pls Is Mutual Funds risks free like T.b?? e.g if anything goes wrong maybe in the future hope my capital is guaranteed

Redoil:
i want you people to know one thing Mutual fund is more than a scam in Nigeria. I have invested in almost all Mutual fund in Nigeria none has ever return more than 1.5% has dividend. has for NIGFUND, i haven't heard any thing from them since the past five years.
i pity Nigerians

ernie4life:
Oga feelamong how can you say fixed deposit beats mutual funds!!! Please tell me the bank/ investment house that can fix 50k at 12% for 6months?

Truth be told if you have huge funds then you could go for something higher like bonds or Tbills but yet again some funds are tenured for 3months and the yield are better than Tbills which may be less than 10%




I accept you've had an ugly experience in mutual funds but that does not mean the likes of FBN MMF, stanbic mmf and Co have not performed more than 10% over the years, mutual fund is no scam, it just that most people don't understand the fact that just like every other investments you need to understand it properly before you pick the one to invest in.

Take for example kgif paid me 13% for first and second quarter of this year, that's a nice ROI if you ask me, and it's guaranteed so I simply invest and go to bed because am assured of my investment.

In my opinion I will suggest you play safe next time

mercylicious:
What is crr for private sector funds now?

mercylicious:
My dea

Hahaha. Na so I see my 11% return to 4%
At all at all na him worse pass.

I should have exit yesterday but I was so busy to observe the market. I placed a sell order trap but the price did not fall through by eod.

Better luck next time.

On another note- this TSA issue may affect the price of banking stock heavily. Fbn and zenith will be most affected by the policy. It is no longer business as usual. All fg institutions and parastatals ncluding nta, fed govt sec schools and major institutions including nnpc, customs, immigration were moved to CBN account yesterday.

Before now I know banks provide for 75% but now, even the 25% banks enjoy is no more. They are now paid processing fee which is n5 naira per 1000 naira collected . this is still attractive but cannot be compared to the float income the collecting banks have been enjoying- weekly and monthly.
State institutions likewise have started consolidating their accounts. In my very eyes, a state govt arm moved all their money from many banks to one bank (not CBN yet).

Heads will roll . time for plan b,c,d .....if you earn your pay from DMBs .

DONLEKAN:
Transcorp on full bid. Any News?.

paulcube:
Is there any news on Access dividend payment?

myjoy08:
The greatest applaud in these recent panic selloff was that our CBN has awake to the reality of standing their ground in defense of their functionality and purpose. No where in the world that external forces were allowed to make decision for a particular country CBN, So, JP Morgan Index should go to hell! We will surely survive this! Seriously, positive change has come to Nigeria to stay! Blessing in disguise! Thank you God

Agbalowomeri:
News just hit town today, so most stocks did not start at the lowest low

PETERiCHY:
10:57AM BR-E-A-KI-NG! INVESTORS book above N300.00billion loss in just 27mins as Huge Sell activities hit stocksin #EarlyTRADES @NSEcontact
11.00AM #BREAKING Stocks record sharp fall in #EarlyTRADES, @NSEcontact tumbles further by 3.01% as INVESTORS book N314.24bn in just 30mins
11:16 SECTOR-WATCH! #BankingSTOCKS are under intense PRESSURE, no Gainers yet as VOLATILITY hits the sub-sector considerably
11:48AM @ZenithBank down by 4.93% @gtbank dips by 4.98% @UBAGroup tumbles by 4.42% @StanbicIBTC slips by 0.44% as @NSEcontact down by 3.29%
12:07PM OFFICIAL! #Stocks end morning session BEARISH, @NSEcontact DOWN by 3.38%, trading at 29,333.18bpts, 3Gainers Vs 36Losers
Effect of JP MORGAN DELISTING!!!

Manonamission:
LOL. It's not dividend o. Just board/management changes. I guess you have the info already sef, as per say nah your industry.

neroflo57:
So nobody can answer this...this is really disappointing

myjoy08:
The President has assured the Nation once again...I will name my cabinets this month says buhari

http://www.punchng.com/news/ill-name-ministers-this-month-buhari-assures-nigerians/

ukay2:
Please my oga,

I think you should ask your question in this thread for everyone to see and learn together.
There is no private question in this thread .

Hope my oga feelamong understands.

Thanks.

poposki33:
Oga feelamong! i need you on this;

i went to gtb to apply for TBill but they were turning me around so divided to transfer mt money to FBN but while i was at FBN after i filled the form i could not find anything like RATE on the form so i engaged the account officer incharge but she told me that TBills don't bid rate that it is CBN that will give me the rate. I was like ha! but i decided to risk it and applied for 182 days. When i got my interest yesterday, i calculated it and it was 13.5percent. i was so happy because i discovered that it was CBN stop rate.

presiade:
APR

sellydion:
What is moving Dango sugar? The race is unusual 10% gbosa

Afo1k:
almost 50.5$ now....It wasn't easy at all buying transcorp today.
www.bloomberg.com/news/articles/2015-08-27/oil-heads-for-biggest-weekly-gain-since-april-amid-u-s-growth

chukyjones:
chai! skye pain me oo..

entered @1.71 exited @2.01 yesterday.

ukay2:
I bidded for 14.8%.....
stop rate was 15.36%....
You bid for yourself....
Primary market....
I use Stanbic Ibtc bank, not investment house....