₦airaland Forum

The worst so far

15.36%

Promptlyn:
Please what's the interest rate for stanbic IBTC?

I will try Imaan too
I intend liquidating this week too

Their MMF is no more fit for purpose....

I really wanted to stick around but the whole thing is still nosediving.....Stanbic is big enough.....does it mean their fund managers are failing or what?

Gratefulme:
I'm liquidating my stanbic mmf, I'll try Imaan with some change and see. Just terrible stanbic don't show their ytd. They only show price of a unit

Please where do you get their daily rate?

I will be porting my 5M from Stanbic on Monday....

I have only about 110k in their MMF....

But I only know rate when I go to the bank and decide to ask

Ensol:
Yeah, 76k return till date on their MMF, don’t know if others would have yielded 100k on 5m

My earnings report did not include 07/02...it stopped at 06/02

EquityM:
Fixed income fund. Yes I factored in the red days, this week, I only had 1 red.

I just started using them...i have no idea

rukyboy:
Hi guys.

Pls. Guys here that use gtb mmf.

How long does it take to receive funds after redeeming via the mobile app.

What's the maximum that can be redeemed at a time?

Me wey get funds for Trustbanc, Afrinvest via Cowrywise....and Cardinal stone

Creditalerts:
easy o ,u want to join fintech? U can join us next year please🙂.

There Rate is getting worse

Preator:
Why? Wetin happen?

I will definitely dump Stanbic by next week....

Tueh

Stanbic is the worst..15.37% even GTB is around 17%...
I was at Stanbic yesterday....I complained bitterly will conversing with the guy in charge of MMF...I told him I would be porting though...he mentioned about fund safety, I asked him if they are bigger than GTB


Tufiakwa those people.....I told him they take all the gain for themselves.....and they have the worst rate

EquityM:
Lol. Most fund managers are just using MMF to enrich their belly.

Sincerely.....I am prepared to deal with the red....MMF is children's play ground... hahahaha....

I got over 1K EACH in both Alpha fund and Afrinvest Equity yesterday for just 100K each in both funds

But got 2,100 from 5M in Stanbic MMF...

Lolololololo

EquityM:
I've made a withdrawal once, and I got my cash on the withdrawal day. The last dividend payment was 0.058 × current units. Lastly, my greens often come 3/4 times a week. Last week was all greens, while the week before had 4 reds, 3 little reds, and one huge red. The 78 naira you see on my screenshot—the opening value was 6000 naira, and I topped up around 5 pm to beat the NAV. The peak day came in January; my capital was 7k, and I saw 700 naira interest on that day.

Please do you have an idea of ARM equity?....

I get 100k to try them.....

I just checked them out in cowrywise....

They did magic yesterday and they don pass Afrinvest for today

EquityM:
If you have extra cash, do a 5-10k top-up freestyle once a month. Try to open the GTB equity fund or just get back to Cardinal equity.

I invested 100K on Monday

I don't understand this o o

Or do they operate two different fixed income

ezegold4we:
@EquityM and other's,

I believe the screenshoot from you is from cardinalstone fixed income,
I sent them an email this morning and below is what they replied by saying their minimum investment is five million naira,


We acknowledge receipt of your mail.
Please be informed that the minimum amount required to invest in our Fixed Income product is ₦5,000,000.

Best regards,

There rate is over 17%

I invested my daughter's money in their MMF

I never really thought about this ...I will be going to Stanbic to go pull out my 5M

And dump it with GTBank

Creditalerts:
No pls anyone using Gt bank MMF should share pls

Chief....the truth is MMF is just for people that don't want risk....

My 5M in Stanbic gives me about 2,100 per day...

I have decided to stop putting my money there for now....

Even, I used my daughter's money to invest in GTbank for her.....

The money in GTBank equity is half the money in there MMF....I started 22nd of January....yield in far more than that of MMF and the yield in balanced fund, which was same capital with the equity is just trailing behind the MMF.... remember MMF amount was DOUBLE....

I have decided to risk equity and fixed income for now....I didn't put in much....just 100K each....

EquityM:
Bro, calculate the daily returns, and you will see that the YTD is a hoax. If I should sell my units now, I will be taking 3k+ gains, which I made in five days with 100k+ capital. Once NAV is involved, don't underestimate it. The 53 naira you see are weekend earnings.

Thanks boss

Beeron:
This is normal, don't panic, You bought when NAV was up so they just alloted you the share you deserve and in the process you lost money, however as the market gains overtime, you will make up for it.

The equity I just funded yesterday morning...

Na RED I see this morning

My eyes first blurr....

I just to rest the waters

I funded trustbanc too with 100K starter pack.😎😎😎

Creditalerts:
this test run what is the essence of doing it 🤔🤣

I be woman o o

No bi small thing...my eyes first blurr

Smattrader:
Lool.


It's well my brother. I hope green days cover up for the red.

I have not ported yet..
I have spread funds to three places yesterday morning to test run things...

Even Tbills I no go do again for now....my funds will mature my mid July...by then....I would have taken decision on what to do....even with my MMF with Stanbic

Creditalerts:
I know say many investors here are secretly porting too

I don't understand what you meant chief

EquityM:
I moved my funds already.

Equity my chief and na RED they use welcome me...

I funded yesterday morning

Smattrader:
Be specific, Equity or stock, Red or Green? Please, let's learn.

My first ever experience in Afrinvest Equity and I am crying hot tears....

How do you guys do this o o o

Abasi mî mbok

I have done mine....twale Chief


At least I have finally gotten my tax ID

EquityM:
CardinalStone users, please update your NIN and BVN via their website. Today, I signed in via the web, and I saw a pop-up to enter my NIN, which automatically displayed my tax ID.

Thank you so much....it has all reflected

I did 100k each in TRUSTBANC, CD alpha fund and Afrinvest equity yesterday morning....

This morning

Trustbanc....100,053
CD alpha.......100,600
Afrinvest ...........none


I have confirmed that CD fixed income alpha fund is not bad o o.

Thank you so much for all the free information you bring here...

EquityM:
If you make a payment as a first-time user, it will reflect in your portfolio at midnight. Don't worry, it will reflect.

Even the payments I made to Cardinalstone since early this morning has not reflected....same as my funding into Afrinvest equity via cowrywise

Cardinal sent an email acknowledging the receipt of the funds but it's not reflecting...

I checked cowrywise who by the way acknowledged the funds....but it's telling me pending which I check my portfolios


Only the Trustbanc fund reflected almost immediately...


I don't just understand...I am new here....I have followed from sometime before deciding to register as a user ..

Thank you to all the contributors here....una own no go ever loss......iseeeee

Smattrader:
@EquityM

They contacted me after I had chatted with them via their online chat platform.

Now, I'm unsure what's happening because, after I was finally able to log in successfully, the issue is that the money I transferred to them isn't yet reflecting in my account. Please, is this normal or do I need to wait for them for it to reflect? Please, enlighten.

I am really not happy...I have about 5M in Stanbic.... that would give better yield if the rate is good..

It's disappointing

Creditalerts:
Stanbic 15.37%


Trustbanc 19.44%


Today's MMF rate




🤑🤑🤑🤑🏃🏃🏃

I do not understand what is wrong with Stanbic...the gap is too much...more than 4%

I just funded Trustbanc with 100K this morning to test run....

brightk:
Please I would like to know more about this mutual funds. I am new to this thread