₦airaland Forum

fash78:
Good day folks..please I am looking for the following with any of the major banks:
- A USD investment with at least 10% interest, capital guaranteed and both capital and interest can be taken out in USD and NOT Naira.

The investment potfolio should be with a major bank registerered with CBN e.g IBTC.

Please let me know if there are options out there.

Can someone please be kind to answer this? Which is the most reliable? I'm seeing some names here which I'm hearing of for the first time e.g., Norren.berger etc. How safe are these organizations to invest in?

Please has anyone use this Cowrywise before are they legit and what guarantee do I have if I invest ? Or should I go to normal banks .

It's okay

Tolu2024:
Please has anyone use this Cowrywise before are they legit and what guarantee do I have if I invest ? Or should I go to normal banks .

onlyforchrist:
You better stick with Stanbic, Access bank have acquired Arm, their service is shity now, don’t even try it, you will cry.

NOT TRUE!!!! STOP SPREADING MISINFORMATION

access bank only acquired ARM Pension NOT the ARM Asset Management.

The best mutual funds mobile app i have ever used is that of ARM One.

Thank God my first mutual fund account i opened else i would have thought that calling and going to fund manager's office was the norm.

I have never complained using the ARM One app, as far as you can read and write, you can do everything on the app.

Yesterday, i did a deposit to Norrenberger and ARM at +/- 9AM, Norrenberger is yet to reflect even though i send a payment recipe to my account manager while for ARM by 11am i got a deposit acknowledgement mail.

For Norrenberger, withdrawal is T+1day while for ARM as far as the withdrawal is done before 11am you would get your money that same day.

Only luck i have with Norrenberger is that i have a good account manager.

then interest rates is usually+/- 0.01 or thereabouts between the two funds

These are just for humble feedback/observation from using the two fund manager's mobile apps.

How good is ARM MMF

Anyone here using it ah please enlighten me

Jeoma2024:
How good is ARM MMF

Anyone here using it ah please enlighten me

their service is consistence. Only that their return is always less to that of STANBIC but also higher than others in the sector

Samchi4christ:
It's okay

Scared to invest 10m on a app without office I can locate near me

FRANKLYex:
their service is consistence. Only that their return is always less to that of STANBIC but also higher than others in the sector

Thank you

Tolu2024:
Scared to invest 10m on a app without office I can locate near me

So why are you asking since you already know they don’t have an office you can locate in case things go south. Take care of your greed and stop asking questions you already have answers to.

alabajay:
So why are you asking since you already know they don’t have an office you can locate in case things go south. Take care of your greed and stop asking questions you already have answers to.

You didn’t have to sound dismissive. She expressed her reservations after asking about them, which is normal. It’s left for someone to clarify and allay it. That’s what this platform should be about. Besides they’re registered with SEC, so I don’t see how greed comes into play here.

Tolu2024:
Scared to invest 10m on a app without office I can locate near me

They have an office, check their site it's there

Got a mail from Stanbic MMF few days ago about their new Personalized Virtual Account Number. It’s to replace the previous E-Account Number system. I’m not sure if this is a trend sweeping the industry or just unique to Stanbic. If they’re pioneering this, then they really mean business. Just hoping they channel that same energy into delivering competitive returns….

Tolu2024:
Please has anyone use this Cowrywise before are they legit and what guarantee do I have if I invest ? Or should I go to normal banks .

They are legit

Tolu2024:
Please has anyone use this Cowrywise before are they legit and what guarantee do I have if I invest ? Or should I go to normal banks .

I have an account with them. You can use

Jeoma2024:
How good is ARM MMF

Anyone here using it ah please enlighten me

They are good. Just that I have stopped advertising for them. Infact, I have used them for more than 15 years and no complain.

alabajay:
So why are you asking since you already know they don’t have an office you can locate in case things go south. Take care of your greed and stop asking questions you already have answers to.

Where is the greedy about it ?

I should just download app full and deposit 10m ?

Things to consider or look for

For anyone new or experienced investor in mutual funds generally and MMF in particular, look out for the following

Fund manager
Trustees
Custodian bank not related to fund manager
Government control/regulation through the SEC.

Any firm or product that meet up the above cretaria can be engaged irrespective of the popularity.

Please note that the risk associated with your investment is not connected to the fund manager rather it's on the nature of the fund.

For example MMF will always be a low risk investment and fixed income fund and equity fund remains medium and high risk investment irrespective of the firm managing the fund.

Let's also understand that your investment is not safer with a fund manager in the same group or holding company with a commercial bank than with the one that is stand alone.

Most of the decisions investors make regarding the firm to invest with has to do with personal opinions and values in terms of rate, customer service, easy of app and web portal navigation etc.

I canvass for Stanbic and Norrenberger because I'm a customer and a rep with them, and I make services to customers faster to a large extent not necessarily because others are bad.

So while it's good to do your due diligence don't waste much time when it comes to MMF whether a firm just started out or has been in business for decades your investment has same level of risk associated with it.

For more tips on mutual funds and stock get in touch with the number on my signature.

emmasoft:
Things to consider or look for

For anyone new or experienced investor in mutual funds generally and MMF in particular, look out for the following

Fund manager
Trustees
Custodian bank not related to fund manager
Government control/regulation through the SEC.

Any firm or product that meet up the above cretaria can be engaged irrespective of the popularity.

Please note that the risk associated with your investment is not connected to the fund manager rather it's on the nature of the fund.

For example MMF will always be a low risk investment and fixed income fund and equity fund remains medium and high risk investment irrespective of the firm managing the fund.

Let's also understand that your investment is not safer with a fund manager in the same group or holding company with a commercial bank than with the one that is stand alone.

Most of the decisions investors make regarding the firm to invest with has to do with personal opinions and values in terms of rate, customer service, easy of app and web portal navigation etc.

I canvass for Stanbic and Norrenberger because I'm a customer and a rep with them, and I make services to customers faster to a large extent not necessarily because others a bad.

So while it's good to do your due diligence don't waste much time when it comes to MMF whether a firm just started out or has been in business for decades your investment has same level of risk associated with it.

For more tips on mutual funds and stock get in touch with the number on my signature.

Been using stanbic but have you ever done a transaction before 12 and didn't get credited. Just wondering what's gone wrong with the top up I did yesterday.

Kingzy4pep:
Been using stanbic but have you ever done a transaction before 12 and didn't get credited. Just wondering what's gone wrong with the top up I did yesterday.

It depends on the top up method.

If you used debit card, it's two working g days.
If you didn't state your e-account number and evidence not sent it can cause delay.
A glitch on the system from the bank or fund managers could also be cause of delay.

Give them a call by Monday if your fund didn't reflect before then.

emmasoft:
Things to consider or look for

For anyone new or experienced investor in mutual funds generally and MMF in particular, look out for the following

Fund manager
Trustees
Custodian bank not related to fund manager
Government control/regulation through the SEC.

Any firm or product that meet up the above cretaria can be engaged irrespective of the popularity.

Please note that the risk associated with your investment is not connected to the fund manager rather it's on the nature of the fund.

For example MMF will always be a low risk investment and fixed income fund and equity fund remains medium and high risk investment irrespective of the firm managing the fund.

Let's also understand that your investment is not safer with a fund manager in the same group or holding company with a commercial bank than with the one that is stand alone.

Most of the decisions investors make regarding the firm to invest with has to do with personal opinions and values in terms of rate, customer service, easy of app and web portal navigation etc.

I canvass for Stanbic and Norrenberger because I'm a customer and a rep with them, and I make services to customers faster to a large extent not necessarily because others a bad.

So while it's good to do your due diligence don't waste much time when it comes to MMF whether a firm just started out or has been in business for decades your investment has same level of risk associated with it.

For more tips on mutual funds and stock get in touch with the number on my signature.

Thanks for your enlightenment sir, please is it possible to setup automatic subscription on specific date monthly on Stanbic mmf

SlahJoe:
Thanks for your enlightenment sir, please is it possible to setup automatic subscription on specific date monthly on Stanbic mmf

Yes, very possible on the new platform ie BluNest.
As you login, go to auto invest and follow the prompt. You will be asked the details that will enable the auto invest based on your choice.

civilserva:
They are good. Just that I have stopped advertising for them. Infact, I have used them for more than 15 years and no complain.

thank you

I will surely give them a try

FRANKLYex:
between ARM & STANBIC from my daily computations of returns

Please how did u get this update to download I need it

Interest Reinvestment

For those who have account with stanbic, and not sure of the option you pick on the utilzation of your interest, check your account now, you will see your gain/interest for May have been reinvested.
That means your option was reinvest interest.
If you can't see this subscription it means your choice was interest pay out, that means your accrued interest for the second quarter will be paid at the end of June,between 1st to 7th July.

If you wish to change your option, send a mail to customer care to that effect.

yekini007:
Please how did u get this update to download I need it

It is my personal computation actually, I have a template for it. I'm a regular investor so I find it necessary to have this and track the performance of my investment. I stop my MMF investment with Chapel Hill Denham base on the insight I got on my spreadsheet, their return is always very low. For now, I maintain ARM & STANBIC.