₦airaland Forum

needful:
Pls is it advisable to put huge amount of money like 10 to 20 million on mmf like Axamansard, stanbic mutual funds?, what organisation regulates this investment houses. I browsed it but couldn't get anything on it. Urgent answer needed pls.

Mcy56:
Lol. People actually need to watch its direction first before jumping into it. Last week that I mentioned that, one oga says na up up e dey go.
Caution is the watchword here but wetin I know self.
tritri no dey fear where he suppose fear sometimes.

mendes911:
Access that I will buy for N3.00 by November. Tritri and his "friends" loaded up last week at N7. Serious enjoyment.

freeman67:
It's like my explanation wasn't clear enough to you there. What I was trying to say there is that even though I had issue with app, I knew who/where to contact which I did. I also knew my money is safe there and how else to access it other than the app. The owners of the app are Nairalanders and would have cleared issues if they wanted but they never have not done that before. Maybe they have never visited the thread or only do it without commenting I don't know. I am very sure the visit the stock market thread. If anyone is bold enough to speak for them they should be able to clear customers doubts too, that's how it works.. That said, the least I could contribute on this issue is what I have done so far.. Those using it own their money... The loss or gain is only felt by them.. Personally I already have already taken on it.

freeman67:
I understand your position quite well, we are all here to increase our investment and it's knowledge. Yes, while its true that we should not just condemn the the technology.. which is the app. It is also important that we allow people freedom to ask questions and clear grey areas... Who is the custodian of I-invest because as far as I am concerned there are a separate entity investing money on people's behalf.. If the app stop working where should the people run to?

walcolm:
We are talking about an app and a service not a website. I-invest resells tbills which is a legitimate security instrument and they do not offer outrageous return on investment unlike MMM

MMM was a fraud staring people in the face and the idiots who bought into it did by telling themselves they were making easy money and doubling their money

So compare apple with apple not apple with ogogoro

freeman67:
Good question..! I was using GT app before then my phone was stolen. I got a new phone and installed the same app but as I tried to setup I experienced some issue.. And could not set it up even when I went to their closest branch to me for assistance. At the end I had to download another of their GTworld which is what I use now. Thank God I already changed my password through my Internet banking so even if they guy who stole the phone attempted something through the app it wouldn't have worked. It was this app we are discussing now, how would I access my money...

Akin3891:
I remain analogue, that statement crack my ribs.going too digital when it comes to money may be too risky, not even in Nigeria. Can't imagine putting my 60 mils on i-invest, even with commercial banks i do shine my eyes very well. I read some news of a banker that collected more than 700 millions from TB investors , FG bonds, i think the guy paid the investors upfront intrests so nobody suspected any fowl play, ,he was later arrested, meanwhile he already perfected his visa to fly to USA with his family. Nigeria banks are full of crooks, kidnappers, thiefs,so guys beware and don't trust those bankers enough to give out ur personal infos,they smile at you when they see your account balances, but their cld more behind that smiles.


https://punchng.com/efcc-arraigns-banker-for-diverting-n700m-from-customers-accounts/amp/

freeman67:
Ordinarily I wouldn't have said anything more because enough has already been said even before now. Also every investment has some amount of risk. However, the way this walcom guy is coming to bulldoze people and force them to line even when people have contrary opinion with proof reminds of the days of MMM. Let us reminded that when investing in TB with any bank there is a custodian that holds your money for safety. Your fund is expected to be held by another entity. Yes it may sometimes be a subsidiary of the bank but then it operates differently with CBN guidelines. That's why you pay custodian fee for every primary market TB and I believe in secondary market the original buyer would have already paid for it. If you invest through the App money is only guaranteed for the app owner and not you. All it takes is for the app to refuse to login one day and the one location office they have will be closed that morning and you money is gone. Ordinary Customer deposits in banks are insured and banks are monitored by CBN.. That I-invest is not under the scrutiny of anybody ooo. Severally sterling bank has told those who care to listen that there are just customers/partners with I-invest and not the real owner. I am sure those banking with sterling bank will have the real sterling app if they have one.

tritritri:
The new rate FGN $ eurobond is about 7.8% to 9.23% ......IS THIS ANUAL RATE ??

ahiboilandgas:
How to bank hedge against sudden rate drop ....like from 15 to 10....they spread their asset like bond and tb and some dollar reserve any way it go u are covered to some degree ...bond was going for 15.6 ...earleir this year ...u take a weighted average of all your holding example if bond is 15.6 and treasury bill is 12.3 ...u add 15.6+12.3/2....= 13.9 ...then the interests u purchase some cheap dollars and keep in dorm or under your pillow ....

eddyakinrinde:
Yes o! People here really criticized the I invest app to a point in time that I was so scared I av lost my investment using the app. People need to change that orientation, so many way of doing things have changed. Several investment or asset management companies give their customers online access to subscribe and monitor their investments, be it mutual funds or tbills. It just make things easier and of a note is that they also responds to issues faster both online and on the apps.

Omonigeriarere:
Why going for such rate when a predetermined rates on I-Invest is better?

U need to wake up

Godlylifeoneart:
Not yet, i hope to subscribe soon.
Minimum for individual is $1000.00

https://nairametrics.com/2019/03/07/nse-to-list-five-tranches-of-fgn-eurobond/

http://fbnquest.rdmpages.com/asset-management/products/mutual-funds/fbn-nigeria-eurobond-usd-fund/

Godlylifeoneart:
Buy the FGN euro bond through participatory assets management company
I. E fbn quest assets management
The new rate FGN $ eurobond is about 7.8% to 9.23%
One of the Highest in the world.
US higest rates on APY is less than 4%

mendes911:
Boss, I believe that without these FPI coming back to participate, NSE will go down.

People think that rolling out of policies will bring them back but they have seen how many policies that have been rolled out the past 4 years, so they are not really interested.

I see them coming back when we hit a very low level or maybe floating of our currency (or any other changes relating to foreign exchange).

I became very afraid when market refused to react very positive to Zenith Bank 2018 FY result.

I could be wrong though on my assumptions but that's the position am willing to take for now.

OgogoroFreak:
We have corrupt leaders. The reserve is above 40 so they shouldn't have problems paying the ₦30,000 minimum wage but the reverse seems to be the case as they are talking about increasing VAT to be able to pay minimum wage.

I'm certain that the government would make sure that ₦30,000 is actually worth the ₦18,000 they were paying. And, I won't be surprised if they do pay themselves in dollars.

tritritri:
Nobody want to suffer like 2015, But as long as the reserve is above 40 , i think we still gud.

ahiboilandgas:
i have been having perennial headaches with just 7 trucks on constant bridging am not expanding any futher in that direction don't want heart attack....i was discussing with my mentor who own 20 and he told me that his wife told him she is tired of 1 month happiness and 1 month sadness

locodemy:
I am now getting the alerts in bits.Is it because I bought the stock in tranches......27.05.25,23.50,23,22,20.50,20,19.50,22.75?

I have received 3 alerts and still expecting more but I don't like this

ahiboilandgas:
it difficult for persons with limited capital ...but what I come to find out that men that net around 10 m per month come with huge headaches,stress,high bp and not necessarily make u happy .once money is beyond normal needs is just number,addiction and stress unless you plan and exit strategy ...unless inflow is from shares like owning 5 percent of access bank that just declared 97 bn naira profit....ur cut is around 4 bn but how many billion is required to buy 5 percent of access? Then how do u generate his billions in the first place....as far as enjoyment is concern dangote is suffering ...runing several companies even as board chairman is enough stress then add 5000 trucks and the refinaries

freeman67:
OK, thanks. I will try and see how to contact them.

freeman67:
Does United Capital have any office in Abuja? If yes, where is it located?

GonFreecss1:
Nawa o.

That's nonsense na. When it comes to tech, it seems FBN is really behind, even United Capital is doing better.

emmas2k570:
I've always had issues login in through their website. I only login through the edge app

proflomo:
Abeg, leave English. Attend the issue the guy raised if you can and if you can't let others do.
Many political and economic world leaders today speak and write worse than that.

emmas2k570:
I've tried login on to my FBN Edge MMF but i keep getting unable to retrieve my information error since yesterday....

Anyone with same issue??

ernie4life:
This will be helpful for those who may not understand ideological systems of ruling. They are simplified here:�

*SOCIALISM:* You have two cows, and you give one to your neighbor.

*COMMUNISM:* You have two cows, the government takes both and gives you milk.

*FASCISM:* You have two cows, the government takes both and sells you milk.

*NAZISM:* You have two cows, the government takes them and kills you.

*CAPITALISM:* You have two cows, you sell one and buy a male. You multiply your cows and there is economic growth. You sell them, you retire and you live on your profits.

*MODERN CAPITALISM:* You have two cows, you sell one and buy a male. You multiply your cows and you buy those of your neighbors. Then your neighbors become your shepherds, you pay them in monkey currencies and they die poor.

*AMERICAN SOCIETY:* You have two cows, you sell one and you have to make the other one to produce milk like 4 cows. By stress of producing beyond her capacity, she dies. You hire a consultant to understand this death.

*FRENCH SOCIETY:* You have two cows, you go on strike because you want a third cow.

*GERMAN SOCIETY:* You have two cows, you modify them so that they live 100 years, eat once a month and take care of themselves.

*CHINESE SOCIETY:* You have two cows, you sell milk to your compatriots and you produce plastic milk to export to the rest of the world. You become rich.

*BLACK/ AFRICAN SOCIETY:* You have two cows, you eat them all in one month, and you dream that donors or the international community give you more cows. When that doesn't happen, you go to a church and hope for miracle cows. You fast 40 days and 40 nights without eating or drinking so that the cows will fall from Heaven. At last You die in extreme poverty

(Many thanks to the unknown author).

yom2:
that is also made possible by a market with consistency in outllook and relatively predictable and more reliable cooperate governance. sti and aiico said they will roll out some rights issue some months ago up till now what has happened?

Valueinvestor:
Am sure you are waiting for it to be mispriced again. Just lemme know when you start buying it again o
Am sure you are waiting for it to be mispriced again. Just lemme know when you start buying it again o

Valueinvestor:
Thanks so much, I actually benefitted so much from one of your insights(comments) into UCAP some years back