₦airaland Forum

36 days

mank1234:
But he said he started late August and not July 1 (it's less than 60days)

My first interest from First ally asset management.
I can't contain my joy at all.
I started First ally MMF late August and in October 1st,I received 570k plus.
I must buy one full goat to celebrate 🥳 🎉 🎊 🍾
Right investment is the real deal

Cardinalstone or Zedcrest

NJV:
So pls which do you suggest is best for equity investment?

I couldn't agree more.
I had to move my funds from GTB and Stanbic to FirstAlly

Bluearrow:
Exactly
Anyone that use first ally will find it hard to use other fund managers. I only use other fund managers for equity, but for mmf, it must be first ally, they are miles ahead.

They are all reliable.
I use GT MMF and First ally but First ally rate is better than GT MMF.
Contact Emmasoft to put you through.

frank417:
I am thinking about moving to Norrenberger, please are they reliable? or should i go to FirstAlly? or GT MMF? i don't usually maintain more than one mmf. i just pick one and go all in.

They give 22% at maturity but will deduct 10% WHT tax.

DataAnalyst2022:
That 22% on their main page is just marketing strategy. The highest they can offer is 18.38%. I had pitched my tent with fairmoney. It's just a fixed deposit for 1 yr

Ren money gives 22%

DataAnalyst2022:
Thanks for your submission. But I want to do this just for 1 year before using it to boost a business.

Do you think compounding effect in MMF will have any significant effect compare to 20% interest rate of fixed deposit in the same 1 year?

First ally asset management is reliable and gives the best percentage for money market mutual funds.
You can redeem your funds anytime and no holding period

DataAnalyst2022:
House,
I have about 5m naira that I will need to use for investment in late 2027. This is more than 1 year time, and I don't want to touch it and I want to avoid traditional bank with thier ridiculous interest rate.

Can someone suggest where I can invest this that will not be risky and will be easily withdrawable as well.

Money market on cowrywise comes to mind. I just want to know if there are better options for me.

Thanks

ridge:
Its more than 2 weeks I initiated a mutual funds redemption request from gtfundmanagers, I have sent several mails to my account manager, no response from them. who has experience reporting to sec, pls help. e come dey look like say na scam.
Avoid GTfund managers for your peace of mind.

Send another mail to them and cc: CBN email address.
This was what I did to Stanbic and they immediately responded after ignoring me for 3 days.