₦airaland Forum

Amycanada:
Please, the 20% interest rate, is it annually? And how is the interest paid, monthly?

20% percent per annum, and interest is paid daily

Investment without tears
check out the following

Click the attached form to open any or all the different types of fund, let your money worker harder for you.

Don't wait to Invest but Invest and wait

Note the following:
If you want to enjoy the stability of FGN Bonds investment,
You don't want to wait for the long-term FGN Bond is known for,
you don't have a lump sum to invest

You want to be able to terminate your investment without penalty anytime you wish,
You want to top up regularly with any amount from 5,000,

You wish to get your returns every quarter or have the option of reinvesting your returns ie compounding,

Then invest in the SFS fixed income fund at the rate of 17.02% the highest in the industry.

Click the 2nd link on my signature or contact me to open an account for free.

This Stanbic mutual fund I'm seeing 20% per annum does it mean if I invest 1million na only 200k I go make after one year?

if the rate remains 20%, Yes.
If it goes higher or lower, there is a corresponding increase or decrease in your earnings.

dauntless15:
This Stanbic mutual fund I'm seeing 20% per annum does it mean if I invest 1million na only 200k I go make after one year?

enque:
if the rate remains 20%, Yes.
If it goes higher or lower, there is a corresponding increase or decrease in your earnings.

chai, lol, a whole fvcking year, money I need to survive in a month no pass that 200k?

dauntless15:
chai, lol, a whole fvcking year, money I need to survive in a month no pass that 200k?

you can get 40% per week from MBA forex

Saybal:
you can get 40% per week from MBA forex

what's MBA forex

Saybal:
you can get 40% per week from MBA forex

dauntless15:
what's MBA forex

where you will make 40% per week

dauntless15:
chai, lol, a whole fvcking year, money I need to survive in a month no pass that 200k?

investments are not with money you need immediately to survive. It is for money you intend to use to get more money. 200k on your 1 million may not sound like much, but the power of compounding over several years can work wonders

Obinnau:
investments are not with money you need immediately to survive. It is for money you intend to use to get more money. 200k on your 1 million may not sound like much, but the power of compounding over several years can work wonders

Yea I know that, but it should be worth it naw, 200k is not a good enough reason to tie 1million down a whole year in the name of investing, banks are stingy sha.

dauntless15:
Yea I know that, but it should be worth it naw, 200k is not a good enough reason to tie 1million down a whole year in the name of investing, banks are stingy sha.

This investment tools are not for poor people.


Let's Imagine you have 100m naira.
That gives you 20m for 20%. If you reinvest the 20m at 20%. That gives you 4million. If you reinvest the 4million at 20% you get 800,000k So in total you get close to 25million on your 100million investment in a year. Now tell me, is 25m a year not good enough? Risk free!

Nakedman:
This investment tools are not for poor people.


Let's Imagine you have 100m naira.
That gives you 20m for 20%. If you reinvest the 20m at 20%. That gives you 4million. If you reinvest the 4million at 20% you get 800,000k So in total you get close to 25million on your 100million investment in a year. Now tell me, is 25m a year not good enough? Risk free!

It’s an annualized rate so it’s still 20m you’ll get. But I agree with you that the more money you have, the more the investment will make sense.

Neurotika:
It’s an annualized rate so it’s still 20m you’ll get. But I agree with you that the more money you have, the more the investment will make sense.

his calculation takes into consideration the reinvestment of interest earned per month

Obinnau:
his calculation takes into consideration the reinvestment of interest earned per month

Most fixed-income funds distribute interest directly rather than compounding, so returns generally match the stated annual rate. Compounding benefits depend on each fund's structure—unless specified otherwise in the T&Cs.

@ all

I did a transfer from fidelity bank to Standbic ibtc mutual funds account on Tuesday, this is Friday and The money has not been credited.

What do you think could have been the problem. I'm tired of calling customer service and visiting the banking hall.

Ademike007:
@ all
I did a transfer from fidelity bank to Standbic ibtc mutual funds account on Tuesday, this is Friday and The money has not been credited.
What do you think could have been the problem. I'm tired of calling customer service and visiting the banking hall.

First, send a mail to mutualfunds@stanbicibtc.com and attach a copy of the transfer receipt.

If Stanbic reply that the fund is not in their account, then you will revert to Fidelity Bank to trace the fund for you.

Quick questions:
1) Did you state your Customer ID in payment description?

2) Can you check again if you transferred to the designated collection account?

Ademike007:
@ all

I did a transfer from fidelity bank to Standbic ibtc mutual funds account on Tuesday, this is Friday and The money has not been credited.

What do you think could have been the problem. I'm tired of calling customer service and visiting the banking hall.

First of all, transfers to Stanbic IBTC MMF account is best sent in the morning (that's at least before 12: 00 PM) if you desire same day crediting.

Secondly, while sending the funds, you are expected to indicate your e-account number on the remark/reasons for payment column. If you don't, your money will be left hanging. Infact most time after indicating I will put hyphen and indicate my name too.

Thirdly, with some banks even after indicating the above on the remark column it will not reflect on their side. That's what they several when I transferred to them via Opay and they didn't credit me till I have to switch to FBN and GTB before it subsides.

Finally, they could be human error too sometimes and they will maybe mistakenly skip the payment into your account believing they already did. So with this, all you have to do is remind them about it. However, my with them is that after reminding of instead of them to effect the payment right away, they will still want to take their time.


All you have to do now is contact them. You can either call or mail them but it's easier with the call first and if need be their now tell you to mail them the evidence but if you send them a mail first, they might not reply immediately or even forget to reply you at all at your problems will not be solved.

emmasoft:
Okay. Welcome onboard. By tomorrow you will get your e-account number if no kyc issues, then you can start investing using your e-account number as the narration when you make your transfer from any of your bank account. It's after your first deposit you will be sent a link and a password which you are required to change upon your first login.
It's always advisable to login first using the web portal (the sent link ) and change the given password, you can download the app and use the same credntials to login to the app, you will not need fresh registration on the app.

Good day, my account has been setup and details sent to me. I tried changing my password and it is requesting for answer to security question. But i have not added any security question, and no place to setup the security question.

Elegantmoe:
Good day, my account has been setup and details sent to me. I tried changing my password and it is requesting for answer to security question. But i have not added any security question, and no place to setup the security question.

This is how it works:

Once your e-account has been sent, you required to fund your account at least with 5,000 using your e-account as narration, after that a system generated password and a link will be sent to you after some few hours, With this passowrd, you will login to your account and immediately the system will prompt you to change your password right there and then, you can change your password. This same password you can use any time both on the web portal or the app.

You can also chat me up if you need further clarifications.

emmasoft:
This is how it works:

Once your e-account has been sent, you required to fund your account at least with 5,000 using your e-account as narration, after that a system generated password and a link will be sent to you after some few hours, With this passowrd, you will login to your account and immediately the system will prompt you to change your password right there and then, you can change your password. This same password you can use any time both on the web portal or the app.

You can also chat me up if you need further clarifications.

What I will like to know now is if there’s anything like Dollar MMF. Someone mentioned MMF beats the high inflation in Nigeria, which I don’t think might be very true. For example, what if Naira has twice the devaluation of what it is presently after setting up MMF, then the returns wouldn’t be profitable. For this reason, I believe a dollar version of this is better.

But you mentioned Dollar Funds to be at 9.48% and you mentioned it is risky because of dollar drop. I don’t understand. How is Dollar funds risky, and how is it different from Naira MMF?

Rockyfancino:
What I will like to know now is if there’s anything like Dollar MMF. Someone mentioned MMF beats the high inflation in Nigeria, which I don’t think might be very true. For example, what if Naira has twice the devaluation of what it is presently after setting up MMF, then the returns wouldn’t be profitable. For this reason, I believe a dollar version of this is better.

But you mentioned Dollar Funds to be at 9.48% and you mentioned it is risky because of dollar drop. I don’t understand. How is Dollar funds risky, and how is it different from Naira MMF?

@Rockyfancino please note the following:

We have different types of mutual funds, MMF is just one of them and dollar fund is another type of mutual fund it's not the dollar version of MMF.
They don't operate similarly because of the currency and the underlying assets. Actually, most mutual funds are named and categorized based on the underlying asset.

To say the rate of MMF beat inflation is not a correct statement, Also to say I mention the dollar fund being risky because the dollar will drop is not correct, what I mean by dollar fund being risky is that the underlying assets are Eurobonds which is price based, that is the value changes with price movement and the capital invested is not guaranteed like the one invested in MMF.
The major upside of a dollar fund is that it hedges against the devaluation of local currency and protects the value of your currency during a high inflation regime

MMF and dollar funds are two different products under the mutual fund category of investment widows.

In most cases, MMF is seen as a Low-risk investment while a dollar fund is in the moderate or medium-risk investment category

The two funds serve different purposes.

When it comes to investment everything is not just about rate, other factors are considered before an investor picks any form of investment.

Please note that MMF and dollar funds are not the same. Apart from the currency involved mode of operations and returns differ, the 9.48% I mention is from the Norrenberger dollar fund and should be one of the highest in the industry if not the highest. Most dollar funds range from 6 to 8.5%

You can reach out to me so that we can engage more.

dauntless15:
This Stanbic mutual fund I'm seeing 20% per annum does it mean if I invest 1million na only 200k I go make after one year?

YES

Neurotika:
Most fixed-income funds distribute interest directly rather than compounding, so returns generally match the stated annual rate. Compounding benefits depend on each fund's structure—unless specified otherwise in the T&Cs.

That is not true for MMF. The guy is right.

Onyiridike:
That is not true for MMF. The guy is right.

Ok, there is no point in debating this. Anyone who has invested in the fund should track their returns manually and verify the results for themselves.

Neurotika:
Ok, there is no point in debating this. Anyone who has invested in the fund should track their returns manually and verify the results for themselves.

I have tracked mine and I can tell you that the guy is right.

Onyiridike:
I have tracked mine and I can tell you that the guy is right.

Ok

Onyiridike:
I have tracked mine and I can tell you that the guy is right.

Sometimes it is best to say ok and not debate things.

Here's to appreciate all the guides on this thread, especially emmasoft. Well done for all you do.

I joined the Mutual Money Fund movement in July this year and am glad I did.

emmasoft:
@Rockyfancino please note the following:

We have different types of mutual funds, MMF is just one of them and dollar fund is another type of mutual fund it's not the dollar version of MMF.
They don't operate similarly because of the currency and the underlying assets. Actually, most mutual funds are named and categorized based on the underlying asset.

To say the rate of MMF beat inflation is not a correct statement, Also to say I mention the dollar fund being risky because the dollar will drop is not correct, what I mean by dollar fund being risky is that the underlying assets are Eurobonds which is price based, that is the value changes with price movement and the capital invested is not guaranteed like the one invested in MMF.
The major upside of a dollar fund is that it hedges against the devaluation of local currency and protects the value of your currency during a high inflation regime

MMF and dollar funds are two different products under the mutual fund category of investment widows.

In most cases, MMF is seen as a Low-risk investment while a dollar fund is in the moderate or medium-risk investment category

The two funds serve different purposes.

When it comes to investment everything is not just about rate, other factors are considered before an investor picks any form of investment.

Please note that MMF and dollar funds are not the same. Apart from the currency involved mode of operations and returns differ, the 9.48% I mention is from the Norrenberger dollar fund and should be one of the highest in the industry if not the highest. Most dollar funds range from 6 to 8.5%

You can reach out to me so that we can engage more.

Thanks for the clarification. Although, I still think it would have been a better investment if Naira was stable. In the last 1 year, Naira has gone from #790/$ to #1600/$+. If I had #1,000,000 invested as at last November 2023 which would have been around $1,265 then. Presently I would have realized around #1,250,000, but then that will currently be around $755 in this present day. My point is Naira is too unstable, else it would have been a great investment option. We actually don’t know if Naira will still end up going to #2000/dollar.

Is there a domicilary version of mutual funds that exist in Nigeria?

eremy:
Here's to appreciate all the guides on this thread, especially emmasoft. Well done for all you do.

I joined the Mutual Money Fund movement in July this year and am glad I did.

@eremy, thanks for the kind words.