emmasoft:


@Mrajah231, it's normal no issues and no errors.
Please not that your balance at any point in time is always your capital plus your accrued interest but your accrued interest doesn't earn interest.
By the end of every month if you opted for interest reinvestment during your registration, the accrued interest will be added to your capital and will start to earn interest ie Compounding.
Right now what has just happened is that your accrued interest has been added to your capital. Later today or tomorrow check again you see that your accrued interest will be zero or the interest of just one day depending on the time you checked.

NB: this will always happen at the end/beginning of every month.

Thanks bro. One more thing can I change the bank I want to be receiving my quarterly interest to a new one?

Mrajah231:

Thanks bro. One more thing can I change the bank I want to be receiving my quarterly interest to a new one?

Sure, you can. Send a mail to customer care stating your request. Do that before the next payment date.

emmasoft:


Yes, you are very correct 17.54% is the current rate

Quick question sir.
A competitors rate is 14.75% and they say their rates are net after all charges have been removed and better when compared with the 17.54%.
Is the Stanbic rate at 17.54% net of all charges?
Thanks

toyeoye:


Quick question sir.
A competitors rate is 14.75% and they say their rates are net after all charges have been removed and better when compared with the 17.54%.
Is the Stanbic rate at 17.54% net of all charges?
Thanks

The rate displayed for stanbic MMF is net.

emmasoft:


The rate displayed for stanbic MMF is net.

Noted sir, thanks

Run as fast as you can from anything called Insurance Company in Nigeria..They don't pay claims.


Example..IGI INSURANCE COMPANY

Good morning house,please which other investment can I do.i am already into stanbic mmf,earning greatly from that. Looking for another investment to do please. Treasury bills how does it work thank you

Ellaforch:
Good morning house,please which other investment can I do.i am already into stanbic mmf,earning greatly from that. Looking for another investment to do please. Treasury bills how does it work thank you

You can do fixed income fund with SFS Capital. It's an indirect way to invest in the federal govt bonds.
you can chat me with details on my signature

Join the Investment Train

- Four months gone in 2024.
- Rates of debt instruments are looking good, reducing negative real returns
- The stock market is not doing badly at all.
Where is your money kept? or where is your money working?

Your money should not be left idle let your money work for you. Send your money on an errand!

You can invest in money market fund, fixed income fund, and the stock market to benefit
from all the high rates and the good market performance so far.

click the links on my signature to open an investment account for free or chat me up for guidance
on how you can send your money on errands.
currently, we have:
Money market funds
- Stanbic MMF: 17.64% net click the first link on my signature to start
- Norrenberger MMF: 18.21% goss chat me up to start
- Norrenberger Dollar Fund: 9.41% gross chat me up to start.

Fixed income fund
SFS capital fixed income fund: 14.52% net click the second link on my signature to start

Stocks
Investment One stockbrokers click the third link on my signature to start

With 5,000 you can start any of the investments.

Note: if you wish to invest in FGN Bonds and don't have a large capital, you can still benefit.
Fixed income fund is your best bet.

.

emmasoft:
Join the Investment Train

- Four months gone in 2024.
- Rates of debt instruments are looking good, reducing negative real returns
- The stock market is not doing badly at all.
Where is your money kept? or where is your money working?

Your money should not be left idle let your money work for you. Send your money on an errand!

You can invest in money market fund, fixed income fund, and the stock market to benefit
from all the high rates and the good market performance so far.

click the links on my signature to open an investment account for free or chat me up for guidance
on how you can send your money on errands.
currently, we have:
Money market funds
- Stanbic MMF: 17.64% net click the first link on my signature to start
- Norrenberger MMF: 18.21% goss chat me up to start
- Norrenberger Dollar Fund: 9.41% gross chat me up to start.

Fixed income fund
SFS capital fixed income fund: 14.52% net click the second link on my signature to start

Stocks
Investment One stockbrokers click the third link on my signature to start

With 5,000 you can start any of the investments.

Note: if you wish to invest in FGN Bonds and don't have a large capital, you can still benefit.
Fixed income fund is your best bet.

This stanbic mmf customer care takes time to respond to mails. Please how long does it take when someone redeem funds

Mrajah231:


This stanbic mmf customer care takes time to respond to mails. Please how long does it take when someone redeem funds

If you place redemption request before 12 noon you get your money same day

emmasoft:


@Mrajah231, it's normal no issues and no errors.
Please not that your balance at any point in time is always your capital plus your accrued interest but your accrued interest doesn't earn interest.
By the end of every month if you opted for interest reinvestment during your registration, the accrued interest will be added to your capital and will start to earn interest ie Compounding.
Right now what has just happened is that your accrued interest has been added to your capital. Later today or tomorrow check again you see that your accrued interest will be zero or the interest of just one day depending on the time you checked.

NB: this will always happen at the end/beginning of every month.

Oga Ema, how can I do that on the app that at the end of each month my interest should be added to my capital?

Plus10:

Oga Ema, how can I do that on the app that at the end of each month my interest should be added to my capital?

You don't need to do anything. The accrued interest is added to your capital automatically if you opt for reinvestment of interest at the point of registration. If otherwise, send mail to customer care that you want to change your option to reinvestment of interest. They will send you a form to complete, once done, your interest will be added to your capital at the end of every month going forward.

emmasoft:


If you place redemption request before 12 noon you get your money same day

This is true. I sent a redemption request by 9:30am this morning though the portal. The funds came in today by 12:30pm. When i did a redemption the last time and it was taking time, they sent me a mail and text message that there is a delay from the custodian end. I later got the funds in the night.

emmasoft:


You don't need to do anything. The accrued interest is added to your capital automatically if you opt for reinvestment of interest at the point of registration. If otherwise, send mail to customer care that you want to change your option to reinvestment of interest. They will send you a form to complete, once done, your interest will be added to your capital at the end of every month going forward.

Ok thanks

Please how long does it take for stanbic money market fund top up to reflect on my account?

Episco:
Please how long does it take for stanbic money market fund top up to reflect on my account?

If you do a deposit before 12 noon using your bank app, internet banking or at the banking hall you get value and your money reflects same day.
But if you deposit through the app ie using your card it takes two working days.

emmasoft good day.

Please I do have some USD I wish to invest. Which is the right investment vehicle also probably with more information like duration, rate, minimum amount T&C , etc if possible.

Thanks.

vefexam:
emmasoft good day.

Please I do have some USD I wish to invest. Which is the right investment vehicle also probably with more information like duration, rate, minimum amount T&C , etc if possible.

Thanks.

@vefexam You can do dollar fund. My preference is Norrenberger Dollar fund. Here are the details of the fund.

Norrenberger Dollar Fund Details.

The Norrenberger US Dollar Fund: This is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.
Features:
• Return on investment is competitive and tax-free.
• The Fund is open-ended and constituted under a Trust Deed.
• Quarterly dividend payment or reinvestment.
• Redemption of units within the first 90-day period attracts a 20% penalty charge on accrued return.
• Redemption is processed within 5 working days.
• Online access is available to monitor fund performance.
• Diversified portfolio in dollar-denominated instruments.
• Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.
• Purchase price is $103.52, yield of 10.57% as of 8th May 2024.

Please let me know when you are ready. You can call/chat me up with details on my signature.

emmasoft:


@vefexam You can do dollar fund. My preference is Norrenberger Dollar fund. Here are the details of the fund.

Norrenberger Dollar Fund Details.

The Norrenberger US Dollar Fund: This is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.
Features:
• Return on investment is competitive and tax-free.
• The Fund is open-ended and constituted under a Trust Deed.
• Quarterly dividend payment or reinvestment.
• Redemption of units within the first 90-day period attracts a 20% penalty charge on accrued return.
• Redemption is processed within 5 working days.
• Online access is available to monitor fund performance.
• Diversified portfolio in dollar-denominated instruments.
• Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.
• Purchase price is $103.52, yield of 10.57% as of 8th May 2024.

Please let me know when you are ready. You can call/chat me up with details on my signature.

That means I cannot redraw the funds for at least 3 months else I will pay 20% of the interest accrued in the principal.

Also explain more of this," Purchase price is $103.52, yield of 10.57% " does it mean whatever I invest will be divided by 103.52 to get how many unit I own?
And I make 10.57% of that per month or annum?

vefexam:


That means I cannot redraw the funds for at least 3 months else I will pay 20% of the interest accrued in the principal.

Also explain more of this," Purchase price is $103.52, yield of 10.57% " does it mean whatever I invest will be divided by 103.52 to get how many unit I own?
And I make 10.57% of that per month or annum?

The answer to your first two questions is yes.

The rate is per annum

adunola03:
Does anyone knows what's happening to Guaranteed Investment Fund, my returns is showing negative also a reduction in my capital

@emmasoft do you have any info on this

emmasoft:


@vefexam You can do dollar fund. My preference is Norrenberger Dollar fund. Here are the details of the fund.

Norrenberger Dollar Fund Details.

The Norrenberger US Dollar Fund: This is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.
Features:
• Return on investment is competitive and tax-free.
• The Fund is open-ended and constituted under a Trust Deed.
• Quarterly dividend payment or reinvestment.
• Redemption of units within the first 90-day period attracts a 20% penalty charge on accrued return.
• Redemption is processed within 5 working days.
• Online access is available to monitor fund performance.
• Diversified portfolio in dollar-denominated instruments.
• Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.
• Purchase price is $103.52, yield of 10.57% as of 8th May 2024.

Please let me know when you are ready. You can call/chat me up with details on my signature.

does this rate work like the Naira MMF rate of Stanbic IBTC ?
What will be my daily interest on say, 30k dollars at this rate ?

adunola03:


@emmasoft do you have any info on this

Please who is the fund manager of the fund? I need more information or chat me up.

cucumbar:
does this rate work like the Naira MMF rate of Stanbic IBTC ?
What will be my daily interest on say, 30k dollars at this rate ?

Dollar fund works exactly like naira MMF.
Accrued daily and interest is paid/reinvested quarterly depending on your choice at registration.

Formula: P x R x T

P is principal
R is rate
T is time

Note: Rate is divided by 100
Time is divided by 365 days.

For a $30,000 investment, therefore,

Amount = 30,000 x 8.02/100 x 1/365

30,000 x 0.802 x 0.003

= $6.59

From this calculation, you will earn $6.59 daily and 6.59 x 365 = $2,405.99 per annum.

Remember just like Naira MMF rate, it's also not static. It's daily valued.

Please contact me for the form when ready for the investment, that is the way you can help my ministry.

Goodday all, please does anyone know what's going on with stanbic mmf. I did a top-up since on Sunday and Wednesday(5th & 8th of May), but up till now, it hasn't reflected.

I've called them thrice, sent the receipt of payment to their mail, they keep on promising to fix it , yet no headway.
Kindly assist , what should I do next please?

@emmasoft

Episco:
Goodday all, please does anyone know what's going on with stanbic mmf. I did a top-up since on Sunday and Wednesday(5th & 8th of May), but up till now, it hasn't reflected.

I've called them thrice, sent the receipt of payment to their mail, they keep on promising to fix it , yet no headway.
Kindly assist , what should I do next please?

@emmasoft

@Episco sorry about your experience, kindly give me a call/chat.

cucumbar:
does this rate work like the Naira MMF rate of Stanbic IBTC ?
What will be my daily interest on say, 30k dollars at this rate ?

emmasoft come and answer.

If I may chip in, you can get up to 10% interest yearly on that amount if you fixed for 3years and 12% for years

Odunharry:
emmasoft come and answer.

If I may chip in, you can get up to 10% interest yearly on that amount if you fixed for 3years and 12% for years

I already give him an answer in my previous post.

What is the least amount that can be invested in the dollar fund?