₦airaland Forum

ImperialCovfefe:
The Global X MSCI Nigeria ETF is an INDEX fund. It only tries to mimic the MSCI All Nigeria Select 25/50 Index. Its portfolio rebalances are done from calculations aiming to sufficiently represent the base index at any point in time. It is not like a normal Hedge Fund that tries to maximise gains or minimise losses during market cycles.

https://www.globalxfunds.com/funds/nge/

dotcomnamename:
Well, that is according to StanbicIBTC and about 3 different branches said the same after thorough investigation...

dotcomnamename:
No, that is somehow not correct. If your mandate is for your interest to be reinvested in the fund, it does not attract withholding tax but if the income is paid to your bank, it attracts withholding tax as evident in the table below.

austine4real:
pls stanbic interests is it daily weekly or monthly?

Mayflowa:
Forwhere! They don't care until they are forced!

JustDera:
Hello sir, are you a salary earner? Please send a mail to Okpalajenniferc@gmail.com or call 08167886760.

rationalmind:
You are right sir, there's a difference between the rate they quote and what is being paid.

From my calculation, it's a 0.00066 percent difference. Looks small and negligible especially if your fund size is as small as mine.

Those who have as much as 100m will "lose" 66k daily.

rationalmind:
You are right sir, there's a difference between the rate they quote and what is being paid.

From my calculation, it's a 0.00066 percent difference. Looks small and negligible especially if your fund size is as small as mine.

Those who have as much as 100m will "lose" 66k daily.

emmanuelewumi:
Considering the future of TB, I think investors will now signify interest in commercial papers. FMDQ should also create awareness about commercial papers.

Prechy08:
If you have a printer I can scan the forms to you

rationalmind:
Mansard is also net of fees, just confirmed.

Cc: Megacontrol

Investnow2017:
Many in the house are very familiar thus far with how Treasury Bills work, but a few folks would like to be enlightened about COMMERCIAL PAPERS. Between Treasury Bills and Commercial Papers which has a better prospect and why?

Financial Gurus please come to our aid.

We appreciate all your inputs and selflessness.

RabbiDoracle:
I extract my values from there cash flow statement. I don't use the balance sheet.

You just add up the items you need.

RabbiDoracle:
(1)Statement of cash flow tells you the cash inflows and outflows during a business year. Operational cashflow, investing cashflow and financing cashflow.

(2)FCFF tells you the cash position of the company at a point in time. It tells you the cash the company has/has not from a business activity.

(2) is got from (1).

(1) includes borrowing or repayment of loans.

(2) doesn't include borrowing or repayment of loans. It tells you what the true cash position of the company before you start paying off anything.

That is why (2) is calculated using

PAT (after you have deducted everything like staff salaries, paid suppliers, exceptional items sef, tax and added other incomes gotten during the course of the business)

D & A : Depreciation and Amortization. Any accounting provision made to cover for replacement of equipment, inventory etc

Changes in WC: the changes in the capital deployed for running the business

Capital expenditures: the purchases made to replace equipment.


Once this is highly negative, You see companies going to borrow from banks and it will appear under the "cashflow for financing activities" as could be seen in the cash flow statement.

currentprice:
with formula below, i see no way you can arrive at this N55 per share.

pls show me if i am missing something

Fynestboi:
800$ Bitcoin Available

355/$

Fastest finger.

Paxful Wallet.

ernie4life:
Mansard rates look good at 16.07%
but the question we are yet to ask is if its net or gross, because if its gross and there charges is 1.5% that means the effective rate is 14.57%
so can anybody confirm if its gross or net.

ernie4life:
I have responded

ernie4life:
send me a PM

sabanageorge:
So, I finally opened this and got my letter of welcome from them. I must say, it was super convenient. I did everything online without calling them and without visiting their branch.

The first thing I did was to obtain the application form for individual applicants here https://www.fbnquest.com/asset-management/investor-resource-center/download-forms

Filled the form and sent with bank statement (as proof of address), passport picture, international passport to their email address. Got a mail confirming they were working on it and some days later got a welcome email.

Planning now to start with some dollars and top up later. Let's see how this goes. Even though my trust in the Nigerian system is failing, I'll do some dollars with a Nigerian mutual funds for now. I'll have to consider moving more investments into stuffs like Bitcoin I'm the future.

ernie4life:
Like I said earlier you cant negotiate rates on MMF, its what the funds preforms that's what the funds manager offer.

That being said I know of investments that offer 18% net on a minimum of 10m, its not mmf but its offered by a reputable Asset management firm, I wont disclose the name so as not to derail the thread

locodemy:
so the fund added more seplat?
my people,do you remember the story someone here told us few days ago about the white who was adding more money to buy monkey and finally dump the monkeys on the villagers.

This must be a typical example.so na mugu we fall when the fund was adding diamond,fbn,Transcorp day by day...............BABA GOD SAVE UR PEOPLE O.

agongajoseph:
i paused it o

agongajoseph:
confirmed news?

Partnerbiz:

If I buy TB in January at 12% for 365 days, and terminate in August when rates are 18%, will I lose part of my capital? Is it possible please?


feelamong
investnow2017

acidosis
freeman67 et al.



dotcomenamename
tony56 ( my man) lol

johnok:
Simply download 'yochaa' on google playstore,it not only give you charts up to five years ,it also monitor your portfolio every 15minutes

bestidafa:
Easykobo.com