Plus10:

Boss is mutual fund interest rate compounded on a daily?

Interest gets added on a daily.

As for compounding, I think that's done quarterly or annually, not so sure. Maybe the bosses here will respond

benedictuyi:

Interest gets added on a daily.

As for compounding, I think that's done quarterly or annually, not so sure. Maybe the bosses here will respond

Compounding is quarterly.

Plus10:

Boss is mutual fund interest rate compounded on a daily?

This is what is obtainable:

All firms make reinvestment/compounding default except the investor decide otherwise.

Interest is earned daily but reinvested quarterly.
Only Stanbic IBTC MMF is a bit different where reinvestment is randomly done as you earn.

While is dollar denominate investment not discuss here ?is it too complicated.

hartson:
While is dollar denominate investment not discuss here ?is it too complicated.

Not complicated

It's availability issue. Most prospects always have the issue of sourcing for dollars otherwise dollar funds is just straight forward as naira MMF.

By SEC rule, investors must bring in funds with the same currency the investment is dominated.

benedictuyi:

Interest gets added on a daily.

As for compounding, I think that's done quarterly or annually, not so sure. Maybe the bosses here will respond

alright,thanks

emmasoft:


This is what is obtainable:

All firms make reinvestment/compounding default except the investor decide otherwise.

Interest is earned daily but reinvested quarterly.
Only Stanbic IBTC MMF is a bit different where reinvestment is randomly done as you earn.

Ok thanks

emmasoft:


Not complicated

It's availability issue. Most prospects always have the issue of sourcing for dollars otherwise dollar funds is just straight forward as naira MMF.

By SEC rule, investors must bring in funds with the same currency the investment is dominated.

I want to send you a pm.to ascertain something am not too clear about.Thanks

hartson:
I want to send you a pm.to ascertain something am not too clear about.Thanks

Please go ahead

emmasoft:


Not complicated

It's availability issue. Most prospects always have the issue of sourcing for dollars otherwise dollar funds is just straight forward as naira MMF.

By SEC rule, investors must bring in funds with the same currency the investment is dominated.

Good day boss
Lets say I have N500,000 in my account and I want to invest in a dollar mmf. What should be the procedure? Thanks

netzro:

Good day boss
Lets say I have N500,000 in my account and I want to invest in a dollar mmf. What should be the procedure? Thanks

As noted in my earlier post, the fund manager is not concerned about your naira amount. The investor must bring in the intended fund in dollars. You have to find a way to convert your naira to dollars. The fund managers are not involved in currency conversion because they don't have such licence

Once you have the dollars, you can open the dollar fund account and make your transfer.

emmasoft:


This is what is obtainable:

All firms make reinvestment/compounding default except the investor decide otherwise.

Interest is earned daily but reinvested quarterly.
Only Stanbic IBTC MMF is a bit different where reinvestment is randomly done as you earn.

They should reinvest/compound the interest on a daily basis instead of quarterly.

emmasoft:


Please go ahead

Oh!am sorry boss I sent an email alert via your profile.

emmasoft:


As noted in my earlier post, the fund manager is not concerned about your naira amount. The investor must bring in the intended fund in dollars. You have to find a way to convert your naira to dollars. The fund managers are not involved in currency conversion because they don't have such licence

Once you have the dollars, you can open the dollar fund account and make your transfer.

And for this information which MMF is best in terms of ROI.I have gone through GTB Dollar MMF that's why I want you to clarify something for me first.

emmasoft:


Please go ahead

@emmasoft,honestly I have gotten the answers to the enquiries I intended to ask via DM.I took time to read the thread from Jan 2021 so I came across the page you explained in details mmf dollar investment using Vintage Dollar Fund VDF.I got clarification as well how to determine roi calculation using the attached example.
I am satisfy
Many thanks to you Sir.

Good evening to all mutual funds investors, please I'd like anyone who's well informed and at least an expert to a good level to talk about the legitimacy of the Coral mutual fund by fsdh and that of united capital mutual funds compared to the regular popular mutual funds offered by StanbicIBTC, fbnquest, axamansard, gtcofundmanagers, arm.

Is it advisable to invest with that of fsdh and united capital, or stay away from them?

Thanks because I heard that their ROI rates per annum are quite impressive.

@emmasoft
@ernie4life and others too.

kennyzboy:
Good evening to all mutual funds investors, please I'd like anyone who's well informed and at least an expert to a good level to talk about the legitimacy of the Coral mutual fund by fsdh and that of united capital mutual funds compared to the regular popular mutual funds offered by StanbicIBTC, fbnquest, axamansard, gtcofundmanagers, arm.

Is it advisable to invest with that of fsdh and united capital, or stay away from them?

Thanks because I heard that their ROI rates per annum are quite impressive.

@emmasoft
@ernie4life and others too.

Please go ahead and invest those two firms you mentioned are among the leaders in the industry.

They are as legitimate as the one you termed popular or regular.

Contact me with the number on my signature for more.

emmasoft:


Please go ahead and invest those two firms you mentioned are among the leaders in the industry.

They are as legitimate as the one you termed popular or regular.

Contact me with the number on my signature for more.

Oga Emma,does rate remain stagnant during holidays and weekends .My stanbic mmf has not appreciated since Friday last week.

There ideally would not be change to your accounts on weekends and public holidays.

sgtponzihater1:
There ideally would not be change to your accounts on weekends and public holidays.

Sorry boss,you mean interest is not calculated on weekends and public holidays?

Plus10:

Sorry boss,you mean interest is not calculated on weekends and public holidays?

I mean not displaying on their portal on weekend and on public holidays. You'll probably see your interest acrue from Wednesday

sgtponzihater1:


I mean not displaying on their portal on weekend and on public holidays. You'll probably see your interest acrue from Wednesday

Ok, thanks

Plus10:

Oga Emma,does rate remain stagnant during holidays and weekends .My stanbic mmf has not appreciated since Friday last week.

Underlying assets of MMF are valued on business days not weekends/holidays hence interest only changes during weekdays, but be rest assured your investment earns interest everyday weekends and public holidays inclusive.

However, interests earned on weekends and public holidays will reflect on your accrued account the next business day.

emmasoft:


Underlying assets of MMF are valued on business days not weekends/holidays hence interest only changes during weekdays, but be rest assured your investment earns interest everyday weekends and public holidays inclusive.

However, interests earned on weekends and public holidays will reflect on your accrued account the next business day.

Explicit, thanks boss!

kennyzboy:
Good evening to all mutual funds investors, please I'd like anyone who's well informed and at least an expert to a good level to talk about the legitimacy of the Coral mutual fund by fsdh and that of united capital mutual funds compared to the regular popular mutual funds offered by StanbicIBTC, fbnquest, axamansard, gtcofundmanagers, arm.

Is it advisable to invest with that of fsdh and united capital, or stay away from them?

Thanks because I heard that their ROI rates per annum are quite impressive.

@emmasoft
@ernie4life and others too.

Yes, you can go ahead.

emmasoft:


Underlying assets of MMF are valued on business days not weekends/holidays hence interest only changes during weekdays, but be rest assured your investment earns interest everyday weekends and public holidays inclusive.

However, interests earned on weekends and public holidays will reflect on your accrued account the next business day.

Hi Emmanuel, compliments of the season.


Could you please let me know if GTCO has an app or website for mutual fund investment, withdrawals and all. The Investment one apps doesn’t provide those functions anymore since take over by GTco

I’ll appreciate your response.

DBestDoc:


Hi Emmanuel, compliments of the season.


Could you please let me know if GTCO has an app or website for mutual fund investment, withdrawals and all. The Investment one apps doesn’t provide those functions anymore since take over by GTco

I’ll appreciate your response.

I'm not sure if they have any app. Everything can be done on their website (Gtfundmanagers). Sign in using your details from ione, you will be fine.

emmasoft:


I'm not sure if they have any app. Everything can be done on their website (Gtfundmanagers). Sign in using your details from ione, you will be fine.

Thank you .

Just realized stanbic ibtc does not provide 'mybankstatement to embassies'.

This is a bit disappointing

Repeated Post

The post below is exactly one year today. I only changed 2022 to 2023. Looking at the outgoing year, I felt the content of the post is still relevant and we can remind ourselves of some of the things we already know. Just have a glance.

Few things to Note in 2023

In a few hours, it will be another year. 2023 … loading.
I believe the outgoing year 2022 had its ups and downs, there were some mistakes and likewise some areas where things were done right in terms of investment decisions.
Many met their saving and investment objectives while some could not, some miss opportunities while others make use of opportunities, in all we have learned one lesson or the other.

As we look forward to a new year, here are some good investment practices that could help:

1. In all your investment moves make sure the safety of your capital takes priority.

2. Note that you can’t be everywhere in terms of investment rather go for what you understand, and you have the ability to cope with the inherent risk.

3. One of the best moves in investment is to start with what you have. Don’t wait till you have all the millions. Do something with what you have currently and build on it.
For instance, if you have plans to invest in bonds or real estate and currently you only have tens or hundreds of thousands why not start with mutual funds that can help you build your funds gradually and in no time you can invest in your desired investment window rather than waiting and your money losing value.

4. There will always be Ponzi schemes so watch out and tread carefully. When returns look too good to be true it’s most likely not true no matter who is involved.

5. Don’t tie your investment decisions only to rumors. Do your due diligence always. Note sometimes you may see yourself going alone on your decision to invest, don’t bother as much as you are sure and know you are on the right track.

6. Always endeavor to have a balanced portfolio that can help in your risk management. Risks are managed better when spread across different investment windows.

7. Don’t forget according to Warren Buffett
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1

I wish you all a happy, bullish, high-yielding, and investment favorable 2023!

emmasoft:
Repeated Post

The post below is exactly one year today. I only changed 2022 to 2023. Looking at the outgoing year, I felt the content of the post is still relevant and we can remind ourselves of some of the things we already know. Just have a glance.

Few things to Note in 2023

In a few hours, it will be another year. 2023 … loading.
I believe the outgoing year 2022 had its ups and downs, there were some mistakes and likewise some areas where things were done right in terms of investment decisions.
Many met their saving and investment objectives while some could not, some miss opportunities while others make use of opportunities, in all we have learned one lesson or the other.

As we look forward to a new year, here are some good investment practices that could help:

1. In all your investment moves make sure the safety of your capital takes priority.

2. Note that you can’t be everywhere in terms of investment rather go for what you understand, and you have the ability to cope with the inherent risk.

3. One of the best moves in investment is to start with what you have. Don’t wait till you have all the millions. Do something with what you have currently and build on it.
For instance, if you have plans to invest in bonds or real estate and currently you only have tens or hundreds of thousands why not start with mutual funds that can help you build your funds gradually and in no time you can invest in your desired investment window rather than waiting and your money losing value.

4. There will always be Ponzi schemes so watch out and tread carefully. When returns look too good to be true it’s most likely not true no matter who is involved.

5. Don’t tie your investment decisions only to rumors. Do your due diligence always. Note sometimes you may see yourself going alone on your decision to invest, don’t bother as much as you are sure and know you are on the right track.

6. Always endeavor to have a balanced portfolio that can help in your risk management. Risks are managed better when spread across different investment windows.

7. Don’t forget according to Warren Buffett
Rule No.1: Never lose money. Rule No.2: Never forget rule No.1

I wish you all a happy, bullish, high-yielding, and investment favorable 2023!

Lovely. Thanks boss

Any one kind enough to share their personal experience with stock based mutual fund or partly stock based fund? Thanks