suckprick: To be honest, this trustbanc has been great this yr. Their consistentcy is top notch. They have given me a lot of smiles so far. I just never get mind move my bulk funds out of stanbic yet. Trustbanc is doing very well 💯.
Smart decision. Its not mind per se. It’s your risk antenna doing it’s job. Ask any AI and see the response you will get.
Infact, Now i know why they say AI is taking over. The people promoting high rates here will be the first to be taken over by AI because their reasoning is just somehow
The questions chatgpt will ask you will even make you ashamed and you will never think of moving again. Infact you will hate high rates
swiperthefox: Please can you advise me on the process to open a mutual fund with Stanbic. Do you have the fund manager email/customer support number? I am trying to open a mutual fund account with them based on your review. What is their rate. Thank you.
Very good decision.
Bassdow drop code.
Hang on for the person mentioned to reply.
Going forward; try your best to do your own research. I can answer all your questions but there’s a price to be paid. The price is that you run the risk of being held capitve by my own narrative which may be true for me but not true for you. Welcome to the giant fund manager with 1 trillion market cap
NGX Regulation Limited, the regulating body of the Nigerian Exchange Group (NGX Group) has imposed a sum of N291. 29 million sanctions on CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited and Associated Asset Managers Limited over stock market infractions.
Here.
High rate hunters and risk is thesame people, take note
Smattrader: That will be crazy though if true especially on red days cos tension will rise more. But the good side is, the greed day will be full of smiles as your green % grows.
Mehn, red days will be bloody lol but so will the greens. I kinda prefer the current timeframe.
EquityM: There is logic to beating red days; always try and do DCA, chief. When the market is down. If you buy a unit for 50 naira and you purchase another unit for 100 naira, the one purchased at 50 naira will always make more money than the one purchased for 100 naira. It's good to always do dollar-cost averaging.
EquityM: He got pissed because I told a retiree not to dive into equity funds. As rewarding as it might be in the long run, I will never even allow my parents to invest in it except for stocks and MMF; even fixed income is a no-go area. I will keep blocking him until Nairaland ceases to exist.
Good riddance lool. Meanwhile it’s looking like a red tomstoes day
princezzz: CSOF in Cardinal Stone requires a starting investment of 100million if i am not mistaken, Someone correct me if i am wrong CS equity fund hasnt done so bad this past few days in my own books oo, Zedcrest might have done better but CS is not far behind. Ask Zenith them people for total scores. Go to Google play store to download Zedcrest Wealth,and register on your own. We no dey too run referral. Everyone understands the risk on their own.
EquityM: He probably invested his money in equity and lost it; that is why he kept ranting like a caterpillar with no direction. He has been blocked already, everyone knows equity investment is up and down, no actual returns are guaranteed.
It’s kinda deeper than that. Recall he started showing his hand by comparing stanbic’s rates with others in a bid to mock those that weren’t ready to move. Many saw it as informative but i immediately knew it was something else. Something deeply ingrained in most Nigerians. Heck we even have a whole generator named after that sort of behavior -I better pass my neighbor.
In naija, you’re not blessed untill you’re doing better than the next man. People even give such testimonies in church e.g I thank God for preservation as all my neighbors are suffering apart from me.
That’s what drives his mental algorithm. The fear that we are doing better than him. On a red day, you wont believe the amount of joy he derives.
Now you can see why he is a dangerous fellow to engage with
EquityM: He's probably happy with chicken change and the income from his referral. He will see shege pro+ when the NGX transitions to T-1.
Dont mind that guy. He thinks he is smart. Referral investor 😂😂. He only comes here praying that there’d be bad news just so he can gloat over it. He dosent wish us well.
He doesn’t know there’s a way he can structure his portfolio such that MMF pays for his equity red days while having double upside on green equity days.
Meanwhile, GTCo board meeting fixed for Tuesday to discuss Q1 results and dividend. Others likely to follow shortly. Bank stocks rally on the way. We may smile soon
EquityM: Yes, bro, couldn't agree more. I'm also taking heavy losses here as well. Let's see how things are going to pan out after the dividend allocation.
That’s some bullish red: seems they dont have the +/- 10% cap we have here
EquityM: A daily swing is still capped at 10%; however, some stocks tend to be volatile in nature, most especially blue chip stocks and oil sector stocks.
I dont even know what to make of today’s ASI. It went up a tiny bit but we had abit of rally with Bank stocks. The reason ASI didn’t surge is because of zero movement by many heavy hitter stocks, which i think is a good thing for NAV.
A little upside in some heavy weighted stocks + No movement in majority + little but insignificant drag by the remaining = some green atleast. Dont quote this formular. It has been trademarked 😂😂
My prediction for tonight. Looking to bank around 100k.
Anyways, i hear dividend announcement by banks is around the corner. Let’s gear up for some bull run again
princezzz: No be small "catch them dead center in the middle of the act too"😂😂😂😂😂 Like we no dey all still monitor our MMF interest down to the last kobo sef. Whats the difference??Just the shikeni red days for Equity