₦airaland Forum

1kinggy:
It's the market.

So other assets management are experiencing this too?

Tolu2024:
So other assets management are experiencing this too?

You must be really new to this, and I'm really scared for you. Having committed such a significant sum of money to something you have no inkling of its workings.
It's Money Market, not Cowrywise market. Any rates you see are from the money market. This is not CBEX, and my worry is something happens now, which you probably could have decided better on, but due to limited knowledge, you probably skipped that and face an adverse outcome, then you come out to say Cowrywise is a scam and stuff.

I urge you to please take 30 minutes with ChatGPT to ask just about anything on Money Market Funds that pops up on your mind (no matter how silly) and carefully read the responses. Always be ready to read to get knowledge about anything that involves your money. This is not sarcasm. Stay safe.

To reiterate, no other asset manager is giving close to what you are currently getting on Cowrywise. 20+% is the prevalent rate this week while Cowrywise is giving 22% (21.95% today)

0ubenji:
You must be really new to this, and I'm really scared for you. Having committed such a significant sum of money to something you have no inkling of its workings.
It's Money Market, not Cowrywise market. Any rates you see are from the money market. This is not CBEX, and my worry is something happens now, which you probably could have decided better on, but due to limited knowledge, you probably skipped that and face an adverse outcome, then you come out to say Cowrywise is a scam and stuff.

I urge you to please take 30 minutes with ChatGPT to ask just about anything on Money Market Funds that pops up on your mind (no matter how silly) and carefully read the responses. Always be ready to read to get knowledge about anything that involves your money. This is not sarcasm. Stay safe.

To reiterate, no other asset manager is giving close to what you are currently getting on Cowrywise. 20+% is the prevalent rate this week while Cowrywise is giving 22% (21.95% today)

First time I am into real estate I buy and sell property but my money short so I decide instead of leaving it in my account with no interest let me invest it.
I wanted to buy TBills . Went to different banks non seem interested to listen to me or take me serious I guess they thought I am too small because of my stature . So I decided to do little research about mmf and best firm to use .

Tolu2024:
First time I am into real estate I buy and sell property but my money short so I decide instead of leaving it in my account with no interest let me invest it.
I wanted to buy TBills . Went to different banks non seem interested to listen to me or take me serious I guess they thought I am too small because of my stature . So I decided to do little research about mmf and best firm to use .

That makes a lot of sense. Since you’re already into property, you might want to read up on something called fractional real estate investing. It’s a way people are starting small but still getting exposure to real estate without buying a whole house or land upfront. Worth researching if you're looking for where to grow your funds.

Chescowrites:
That makes a lot of sense. Since you’re already into property, you might want to read up on something called fractional real estate investing. It’s a way people are starting small but still getting exposure to real estate without buying a whole house or land upfront. Worth researching if you're looking for where to grow your funds.

Please which one is fractional real estate investing Details!

REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

Chescowrites:
That makes a lot of sense. Since you’re already into property, you might want to read up on something called fractional real estate investing. It’s a way people are starting small but still getting exposure to real estate without buying a whole house or land upfront. Worth researching if you're looking for where to grow your funds.

MMF is safer than this investment option you pitching to Mr Tolu.

Mr Tolu, Stick with MMF for your sure capital preservation first, before talking or considering interest rate /dividends.

That's the secret of preserving wealth.

Chescowrites:
That makes a lot of sense. Since you’re already into property, you might want to read up on something called fractional real estate investing. It’s a way people are starting small but still getting exposure to real estate without buying a whole house or land upfront. Worth researching if you're looking for where to grow your funds.

I will make research about it thanks

Care4:
I started with wealthbuddy this year. No issues.

how do contact these guys. A phone support or account officer?

emmasoft:
REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

Can you explain more about this please, I wanted to buy TB but I need more Enlightenment about securities like this. I have been to both first and zenith bank but I didn't get a satisfactory explaination.

iamL:
Can you explain more about this please, I wanted to buy TB but I need more Enlightenment about securities like this. I have been to both first and zenith bank but I didn't get a satisfactory explaination.

Kindly get in touch. I will send you a voice note that will explain to you and then you can ask questions. Many folks here are in touch with me and I'm sure they are happy with what they know now.

Tolu2024:
First time I am into real estate I buy and sell property but my money short so I decide instead of leaving it in my account with no interest let me invest it.
I wanted to buy TBills . Went to different banks non seem interested to listen to me or take me serious I guess they thought I am too small because of my stature . So I decided to do little research about mmf and best firm to use .

The same thing I experienced when I went to both zenith and first bank. It's not about your stature some of those staff are just looking for whom to swindle through their own personal investment if you insisted on TB they won't want to attend to you.

0ubenji:
you are in the spirit. I just got off a call with my contact there, and he told me there were issues with the launch. It will be completed next Wednesday, but just for the website portal. The mobile app fix for new users will come much later. Once the stuff is launched for the web portal, new users will be able to log in and track their investments.

The main issue is that new users have alphanumeric logins, and the existing system does not support that, which explains why newbies can't have access until that fix is live. I will keep you posted.

Please do you have any ideal of FBN current rate for TB?

iamL:
Please do you have any ideal of FBN current rate for TB?

sorry, I don't.

freeman67:
Unlike other Asset Managers where the daily accrued interest is separated from your principal and you can clearly see the distinction, Stanbic IBTC Asset Managers does not separate them. The only thing you will notice is that your principal grows daily if you keep tab on it. Then the interest space/column below the principal is just for you to know how much has accrued/has been added to you principal so far in that month. By the end of the month, if you chose reinvestment of interest, the interest space would be wiped off and whatever is added to your principal is documented there again for next month.


However, if you chose for your interest to be paid to you, that money that grew on your principal for that quarter would be - minus from the principal and sent to your account. Yours remains the same because you chose reinvestment which means it has already been reinvest.

For others like FBN Quest and UCap there is a clear distinction between your principal and interest. If you keep tab on it you will notice that the principal never grows unless you top-up your investment or interest is renovated. It's only the interest that grows. Hope you can understand this...

Is the bolded similar to Pension Fund Administrator (PFA)?

Is it possible to move a large percentage of the balance in my retirement savings account (say 80%) to money market fund upon retirement?.
I mean instead of getting the initial 50% and then going for either annuity or programmed withdrawal.
Currently using IBTC Pension Managers.

Thanks

oluseg2:
Is it possible to move a large percentage of the balance in my retirement savings account (say 80%) to money market fund upon retirement?.
I mean instead of getting the initial 50% and then going for either annuity or programmed withdrawal.
Currently using IBTC Pension Managers.

Thanks

How do I check money market rate? The stanbic app am using doesn't show rate

TinaJoe:
How do I check money market rate? The stanbic app am using doesn't show rate

Try the Stanbic IBTC Mobile v3

On their latest app. You would see BluNest. You can use that to view your mutual funds rate under self service

oluseg2:
Is it possible to move a large percentage of the balance in my retirement savings account (say 80%) to money market fund upon retirement?.
I mean instead of getting the initial 50% and then going for either annuity or programmed withdrawal.
Currently using IBTC Pension Managers.

Thanks

Discuss with your PFA. Fund utilization in your pension fund has guidelines.

TinaJoe:
How do I check money market rate? The stanbic app am using doesn't show rate

Login to your account via BluNest and click on investments, all the funds managed by Stanbic and their rate or price will be displayed

emmasoft:
Login to your account via BluNest and click on investments, all the funds managed by Stanbic and their rate or price will be displayed

I noticed the Stanbic IBTC Conservative fund isn't listed in the available funds on BluNest. Is it because of its exclusive nature, with a 20 million minimum investment capital?

Perhaps it's coz I'm not on Premium Tier yet?

TinaJoe:
How do I check money market rate? The stanbic app am using doesn't show rate

Well, for those of us that still use the old mobile app. Just click on mutual funds on the regular bank app, go to the log in page, then click on “create an instant account”, the MMF rate will appear.

0ubenji:
I noticed the Stanbic IBTC Conservative fund isn't listed in the available funds on BluNest. Is it because of its exclusive nature, with a 20 million minimum investment capital?

Perhaps it's coz I'm not on Premium Tier yet?

I don't think it's because of your account level. The funds they refer to as umbrella funds, where this Conservative fund falls under, are only visible on their website, not the app, whether it's the old or BluNest. Others are Absolute Return and Aggressive Funds

emmasoft:
I don't think it's because of your account level. The funds they refer to as umbrella funds, where this Conservative fund falls under, are only visible on their website, not the app, whether it's the old or BluNest. Others are Absolute Return and Aggressive Funds

It was on the BluNest website and not app where I see the performance metrics of all mutual-funds except for that very one.

0ubenji:
It was on the BluNest website and not app where I see the performance metrics of all mutual-funds except for that very one.

The same thing I just said. It's on the website, not the app. You can even find all the factsheet on the website.

richgang:
Since you didn’t use the reference attached to your Stanbic mutual funds account, your money won’t be credited . All you can do is report to your bank to help you do a refund or call stanbic and tell them the situation , they will help .
To make it much easier for you , login with their bluenest , you will have a dedicated stanbic account number to your name only . You can top up or withdraw straight to any of your bank account within minutes.

Baba a quick one eh, this Dedicated Stanbic IBTC account eh. Can I use it as my personal bank account and give it out to people as my Stanbic account?

Peterpan222:
Baba a quick one eh, this Dedicated Stanbic IBTC account eh. Can I use it as my personal bank account and give it out to people as my Stanbic account?

Sure, but then all the monies paid goes to your wallet, which of course you can withdraw

emmasoft greetings sir.

Please what's the average MMF rate as at today. UCAP has been under 20% for a couple of weeks now.

Makes we wonder.

How long does it take for withdrawals on stanbic MMF (blunest) to hit once account

emmasoft:
The same thing I just said. It's on the website, not the app. You can even find all the factsheet on the website.

I perhaps didn't make that part clear. I mean, I was talking about the BluNest website, where I can't find it. Yes, it's on the factsheet page but not on the mutual funds listing page.

lilsyd:
emmasoft greetings sir.

Please what's the average MMF rate as at today. UCAP has been under 20% for a couple of weeks now.

Makes we wonder.

those ones have been consistently under 20%. Even when others are giving 21+. A worrying wonder it is.