₦airaland Forum

Judah95:
Hello Emmasoft ,
I've been worried about a decision to make regarding a dollar-fixed deposit.

Can you let me know the pros and cons of a fixed dollar deposit on Investment One vs Bamboo investment, pls?
Investment One has a 6.5% APR,
Bamboo investment offers an 8% APR

What do you advise, pls?

I'll also appreciate anyone's advice too

Harshreality:
Please can investment one be funded with Naira?

uwaifou:
It appears every body tilted towards Stanbic MMF. FBN QUEST has the highest returns on investment followed by UNITED CAPITAL. I stand to be corrected.

kemshade:
Good evening, what is the rate for today in stanbic mmf.
Secondly can I withdraw the fund anytime if need be, thanks

uwaifou:
It appears every body tilted towards Stanbic MMF. FBN QUEST has the highest returns on investment followed by UNITED CAPITAL. I stand to be corrected.

emmasoft:
Take advantage of High Rate investment in Norrenberger MMF
The rate is currently 24.53%

Complete the attached form to open an account for free.

NL1960:
21.13%

https://www.stanbicibtcfundsmanagement.com/invest-now-4ev6leqy/fund/simm

Fwaz:
Having difficulty validating my bvn, what should I do?

NL1960:
@emmasoft,

My sister-in-law has joined the StanbicIBTC MMF train. I helped her opened the account online and she got her e-account the next day. Na by 6:10am yesterday she wake me up saying she has done a transfer to commence the journey. Na the same 6:10am she wake me up this morning that she has logged in to the online portal and already seen her interest for one day.

Tohmey:
Chai...
Why is sfsfund still sleeping

Fwaz:
Please did you validate her bvn? I have been getting an error message whenever I tried doing so.

Richdiamond000:
Hey guys

I contacted GT Fund Managers about investment, the gave me forms to fill and account to deposit my investment amount.

What that made me surprised is the fact that the account was a Stanbic IBTC account

Why would GTBank Fund managers be using an account with Stanbic IBTC ?

Does this mean the fund I’m investing with them is going to be re-invested by them into Stanbic Money Market Investment ?? This is weird

Obinnau:
It is normal. All mutual funds select another bank to act as the funds custodian to minimize misuse of investor funds. For example, I use StanbicIBTC, But I make my deposits to a UBA account

MelaninGemstone:
Hi sir, I have a big uncle who just returned from abroad with about 250M

Do you know if he can get above 20% for that amount if he invests it in Stanbic Money Market

MelaninGemstone:
Hi sir, I have a big uncle who just returned from abroad with about 250M

Do you know if he can get above 20% for that amount if he invests it in Stanbic Money Market

Obinnau:
yes, current rate is above 20 percent.

MelaninGemstone:
Thank you very much

That means he has to open an account with Stanbic ? Because the funds are currently domiciled in GTBank

Can he move the funds to the Stanbic money market account at once

Please advise. Because this man is an elderly man in his late 60s and is not so tech savvy

Richdiamond000:
See block
How did he acquire such wealth 🤯

MelaninGemstone:
Thank you very much

That means he has to open an account with Stanbic ? Because the funds are currently domiciled in GTBank

Can he move the funds to the Stanbic money market account at once

Please advise. Because this man is an elderly man in his late 60s and is not so tech savvy

Obinnau:
No, he does not need to open a StanbicIBTC Account. All he needs to do is sign up using the stanbicIBTC website, he should have his BVN and means of identification handy. after he has submitted his details on stanbic website, they will reach out to him in about 2 business days with his reference number and then he will put the reference number in the transfer narration when he is transferring his money from his GTBank to the Stanbic IBTC mutual funds account so that the Stanbic team can track that the money is attached to the account bearing the reference number.
You can sign him up using my referral link
https://www.stanbicibtcfundsmanagement.com/invest-now-4b5rly98
contact me if you need further assistance.

MelaninGemstone:
he lived abroad (USA) for 25 years and worked for the government

He recently just retired and returned home with his life savings, retirement benefits etc Now that he is old, he wants to live and grow old in Nigeria. He wanted to buy a house here in Nigeria with the money, but I advised him to do an investment first to earn something from this amount of capital.

Please if there is any investment better than Stanbic money market, please advise me

MelaninGemstone:
thank you, I will surely use your link

Please hope this investment is safe and this old man won’t lose his money
Hope transferring such amount of money to Stanbic IBTC mutual fund account is safe

Please sorry for all the questions, I promised to help him gather all required info. And the man is so skeptical. He doesn’t want to lose his money, he will rather just buy a house as he feels the property will appreciate over the years

emmasoft:
No, they do all transactions in dollars

The only firm that allows naira deposits for Dollar fund is Norrenberger.
Please note, for the Norrenberger, it's not dollar placement but dollar fund.

MelaninGemstone:
thank you, I will surely use your link

Please hope this investment is safe and this old man won’t lose his money
Hope transferring such amount of money to Stanbic IBTC mutual fund account is safe

Please sorry for all the questions, I promised to help him gather all required info. And the man is so skeptical. He doesn’t want to lose his money, he will rather just buy a house as he feels the property will appreciate over the years

Obinnau:
The best way to ensure transparency and safety, given the amount of funds involved is that after he has signed up for his account and received his Reference number, he should ho directly to his GTBank branch with the reference number and initiate a funds transfer directly from his branch to the Account that Stanbic will provide for him. this way is rest assured

MelaninGemstone:
Thank you
But when the funds are already invested

Let’s say my uncle wants to invest for 6 months After 6 months, Liquidating his funds and withdrawing his capital and interests won’t be an issue right ? There won’t be any stories or problems