₦airaland Forum

Does it mean investing with Afriinvest via a middleman (cowrywise) is better than dealing with them directly?

Beeron:
This is on their app. Their app is shittty, Invest via cowrywise.

Thanks for the detailed explanation, my question was originally regarding the fixed income fund and not equity fund. Just wanted to know the difference between fixed income fund and regular MMF. Thankks

EquityM:
The goal of equity is to grow; if you can't see your money fluctuating up and down, then equity might not be your thing. A Naija girl on this forum living in the US asked this question, and now she started with 3M; despite small dips, her capital is getting back on track. Equity is like locking your money up in a fixed deposit, leaving it there, and seeing wonders. No matter what happens, you are unlikely to lose your money. Accumulating wealth is not like a Ponzi scheme; there are no corners to success. MMF gives you steady income while others do the dirty work for you. I made 45k today from equity today, tomorrow I might lose 20k from it or I might even make 120k; only God knows. On a final note, if you are not patient, kindly stick to MMF.

Thanks @welzyj2 and @EquityM but I am now confused as to if my capital will never go lower like it can happen in Equity fund and not in Money Market Funds

Hello bro, Just curious..with this fixed income fund, is Capital preserved just like the regular MMF? or there are chances your initial amount is not complete depending on how market goes?

EquityM:
Use the mobile web; the app does not display all the rates accurately. The price is the current rate.

.

Sorry boss, I am lost. Are you talking about Equity fund or something else? Do you mind sharing a screenshot and how you get to see tomorrow's rate already.

EquityM:
The rate is displayed daily in the app. For example, today's rate is 1.5078, and the next day rate is 1.8017; you should choose 1.8017, as it is higher. Always choose a higher rate for redemption.

EquityM:
90 days means your money will be locked up. However, if you withdraw, they will deduct out of your interest. Moreover, this is not like MMF; if you want to withdraw, make sure that rate is higher on that day. If you withdraw at a lower rate, you will lose money.

This is very important, how do I make sure that the rate for a particular day is high? Biko, give us your tips and tricks boss

They did not o, even after copying all their emails...Guess I would just wait till next week

EquityM:
Did they get back to you?

Yes, I did use that subject. will send a reminder copying all the remaining emails.

EquityM:
Did you write the subject as Nairaland Subscriber? Check page 2 or page 3 for the email. Cc all the email and resend again.

I agree, you said exactly my mind

Iamblessed88:
Alot of people have benefited from info shared here. Some are even guests. A whatsapp group will kill this thread. Plus it’s invasion of privacy because many would want to stay anonymous.

You can form your group if you want but dont attempt to kill this thread

Exactly, they seem to be having technical glitches, but I can see mine now.

They have not responded to my email regarding KYC since you provided that email address ooh, I am not feeling their customer service lol

EquityM:
I can't view mine; there might be some glitches in the system.

Is anyone having issues seeing investments on the CS website and/or app? I don't see my Equity fund purchase of yesterday again.

Do you advice one to start Fixed income trading also at the end of the month only? or this is best for top ups only?

EquityM:
Started last year in December with 5k. I topped up because it was doing well. If you subscribe to it, top up at the end of the month or once a month so as not to get a negative return. If you look at the photo, the 8k minus came the next day after I did the top-up due to the NAV price.

wawuu....e choke

EquityM:
That one is turbo; I will ask them again in the future. It does like 100YTD every year.

okay. I think its now 500k self. See the CS Alpha app screenshot

EquityM:
There are 2 equities in the app; the one you see now is the one I'm currently trading. It starts with 5k.

9

Hello, I think its now 500m self. See the CS Alpha app screenshot

EquityM:
CardinalStone has another equity, which is 18 YTD at the moment; they told me I need 100m to enter. The normal equity we trade is at 7YTD. I wonder why the latter is on 7YTD when they both started.

Thanks man. I have created an account and uploaded KYC docs. Will follow up with them via email

EquityM:
CardinalStone replied to my email and requested that all inquiries be forwarded to clientservice@cardinalstone.com
Kindly make the subject head as Subscriber from Nairaland.

EquityM:
They have to approve your KYC; I will try to get an insider who can facilitate account opening and KYC.

Okay, I am going to fill the sign up form on their website shortly. Will be nice to have an insider for follow up sake. Thanks man!

hahhaa.a. valid question.

@EquityM I just want to create account with Cardinalstone. How soon will my account be ready to top up? Any idea?

Allboiz:
Since tomorrow is Wednesday, should I invest now 😁😁😁

Anyone investing with STL Money market? I hear they have higher rates than Stanbic

SpaceX:
I have been invited to the IPO day, who else is coming?

Is there a process to register?

very correct..l have been getting mails from gtb that my naira mastercard can now do worth of $6000 USD per quarter. and their rates are cheaper than black market

Ashirioluwa:
Most major banks in Nigeria have reactivated their bank cards to enable customers to use them for foreign transactions.

Check with your bank or apply for a bank card that you can use to make foreign transactions.

Deepspirituals:
Available for Sale ..Available for Sale ..Available for Sale ..Available for Sale ..

Please which area of Egbeda is this land located?

Hello, Please do you have easun puresine wave inverter higher than 3000W? let me the price(s) if any.

Iinnov8:
Latest test video on 3000w Easun Pure Sinewave inverter.

Price: 103,000


https://www.youtube.com/watch?v=IL9R254qXFA

Test was aimed at knowing how many home appliances and their watts rating that the inverter can carry before tripping off on overload protection.

Test was done using:
- 3000w 12v pure sinewave inverter
- 12.8v 100ah Powmr Lithium (LiFePO4) battery
- 12v 20a Lithium charger
- KL110F 100A battery monitor with bluetooth function to monitor watts and current pull of the appliances

Appliances tested and sequence of testing include:
Sequence 1: Maxi 10kg washing machine (400w) + Haier Thermocool 100L deep freezer (80w) + LG Smart Compressor Refrigerator (85w) + Playstation 3 (100w) + Hisense 55" smart TV (130w) + Panasonic toasting machine (760w). Total appliance pull was between 1,200w - 1400w, and inverter didnt trip off. But the overload light came on as the load got close to 1400w

Sequence 2: Maxi 10kg washing machine (400w) + Haier Thermocool 100L deep freezer (80w) + LG Smart Compressor Refrigerator (85w) + Royal blender (400w). Total appliance pull was between 550w - 680w. Inverter didnt trip off and overload light didn't come on

Sequence 3: Binatone pressing iron (1200w). Appliance pull was 1,394w. Inverter didnt trip off. But the overload light came on

Sequence 4: Dual-face inductive cooker. Small face (1410w). Inverter didnt trip off. But the overload light came on. Big face (1596w). Inverter tripped off on overload

Iinnov8:
Latest test video on 3000w Easun Pure Sinewave inverter.

Price: 103,000


https://www.youtube.com/watch?v=IL9R254qXFA

Test was aimed at knowing how many home appliances and their watts rating that the inverter can carry before tripping off on overload protection.

Test was done using:
- 3000w 12v pure sinewave inverter
- 12.8v 100ah Powmr Lithium (LiFePO4) battery
- 12v 20a Lithium charger
- KL110F 100A battery monitor with bluetooth function to monitor watts and current pull of the appliances

Appliances tested and sequence of testing include:
Sequence 1: Maxi 10kg washing machine (400w) + Haier Thermocool 100L deep freezer (80w) + LG Smart Compressor Refrigerator (85w) + Playstation 3 (100w) + Hisense 55" smart TV (130w) + Panasonic toasting machine (760w). Total appliance pull was between 1,200w - 1400w, and inverter didnt trip off. But the overload light came on as the load got close to 1400w

Sequence 2: Maxi 10kg washing machine (400w) + Haier Thermocool 100L deep freezer (80w) + LG Smart Compressor Refrigerator (85w) + Royal blender (400w). Total appliance pull was between 550w - 680w. Inverter didnt trip off and overload light didn't come on

Sequence 3: Binatone pressing iron (1200w). Appliance pull was 1,394w. Inverter didnt trip off. But the overload light came on

Sequence 4: Dual-face inductive cooker. Small face (1410w). Inverter didnt trip off. But the overload light came on. Big face (1596w). Inverter tripped off on overload

Hello, Please do you have easun puresine wave inverter higher than 3000W? let me the price(s) if any.

jimcykhan:
Pls is it possible for passport to be missing after submission between VFS and embassy

hello, please which vfs office did you submit to? and were you asked to pay for self pick-up? I hear this is now happening in Vfs lagos.

Daviestunech:
If you don't mind, I can help you order the screen from AliExpress at a cheaper rate.

Attached below is the current one I just ordered for s20+ but has a little defects

hello Daviestunech please I like to know your experience with ordering items on aliexpress, I am skeptical about trying them out but would be glad to hear your view about them...thanks

Sunnyrado:
Please how do I respond to someone post like the way the person replied with (interested) What do i click on? Thank you

Click the quote button under the message you want to respond to, then on the new page that loads, in the square text box, put the cursor in a new line and type in your message. Then hit the submit button...that's all

congrats bro, where did you send to?

Dizzy007:
Already done that Thanks!!

kolex22:
This room is cold seems everyone has collected their visa

Winter has come in canada thats's why

CrossRhodes:
Which bank gives more than 10k on counter?

Zenith gives me 50k steadily from my current account holder with them when I fill in the counter cheque over the counter.