₦airaland Forum

INVESTMENT IS LIKE MARRIAGE, YOU HAVE TO WORK IT OUT FOR IT TO WORK AND BE PROFITABLE

INVEST WISELY, RATES WILL NOT BE DOWN OR UP FOREVER

Please j notice Stanbic Compounds the interest monthly but other Mmf compounds quarterly.

Is there any mmf that compound monthly apart from Stanbic?

temi4fash:
Please j notice Stanbic Compounds the interest monthly but other Mmf compounds quarterly.

Is there any mmf that compound monthly apart from Stanbic?

if others have option of automated investments (where a specific amount would be deducted from your bank account and added to your investment), you could still use them and opt for them to pay the interest into your Bank account which you would have set to autoInvest

eroworld:
Congrats.
Which platform are you using for your investment?

Thanks.
It’s Stanbic I’m using for now. I have had a nice experience so far though. I like their monthly interest reinvestment. I also have fbn quest and united capital, but I’m yet to start using them fully.

bassdow:
if others have option of automated investments (where a specific amount would be deducted from your bank account and added to your investment), you could still use them and opt for them to pay the interest into your Bank account which you would have set to autoInvest

I dont understand you

Mixology:
Thanks.
It’s Stanbic I’m using for now. I have had a nice experience so far though. I like their monthly interest reinvestment. I also have fbn quest and united capital, but I’m yet to start using them fully.

Stanbic experience is quite good though their monthly reinvestment may not be as financially ok as some mmf that reinvest quarterly due to difference in rates. FBN typically has a higher rates that yields more returns over time compared to stanbic monthly returns. Depending on how much you put, the difference may be significant.

I also feel that stanbic rates these days are artificially held at 20.01% cos virtually all the other guys(esp the high interest ones) have been declining.

Hello my fellow investors, I just downloaded the new version of StanbicIbtc App, very interesting and better than the old one.
Please how do I fund my Wallet. I don't want to make any mistake. Thanks

ytdivine:
Hello my fellow investors, I just downloaded the new version of StanbicIbtc App, very interesting and better than the old one.
Please how do I fund my Wallet. I don't want to make any mistake. Thanks

Transfer money from any of your bank accounts to the personalized wallet account number. From the wallet, you can now fund your MMF account. Do it this morning so that you can have today's value; otherwise, it will be tomorrow's value you get.

Preator:
Stanbic experience is quite good though their monthly reinvestment may not be as financially ok as some mmf that reinvest quarterly due to difference in rates. FBN typically has a higher rates that yields more returns over time compared to stanbic monthly returns. Depending on how much you put, the difference may be significant.

I also feel that stanbic rates these days are artificially held at 20.01% cos virtually all the other guys(esp the high interest ones) have been declining.

You'd be shocked that stanbic monthly reinvestment is higher than others despite their higher interest rates. You know what? Just do a calculation of what the interest accrued per year would be for stanbic and any other funds manager with a higher interest rate.

emmasoft:
Transfer money from any of your bank accounts to the personalized wallet account number. From the wallet, you can now fund your MMF account. Do it this morning so that you can have today's value; otherwise, it will be tomorrow's value you get.

Please what is ARM Money Market Fund current interest rate ....??

yekini007:
Please what is ARM Money Market Fund current interest rate ....??

The is the reality with ARM now.

FRANKLYex:
The is the reality with ARM now.

Some dates are missing from what I see

FRANKLYex:
The is the reality with ARM now.

Cowrywise is doing better

FRANKLYex:
The is the reality with ARM now.

Please what is the current interest rate for Stanbic IBTC mmf as well. Thanks

Using the app, I funded my FUND WALLET and with i made a purchase of STANBIC IBTC MONEY MARKET FUND. Purchase shows successful but it hasn't reflected on my investment balance. It's been an hour.

nickae:
Cowrywise is doing better

Now at 21.08

ogoo4real:
Please what is the current interest rate for Stanbic IBTC mmf as well. Thanks

This is the actual with STANBIC having factored in their monthly reinvestment scheme.

nickae:
Some dates are missing from what I see

The missing dates are probably the weekends or other public holidays.
the average of those days is reported in the next reporting date.

the highlighted yellow cell at the top represent the cumulative average for the quarter.

nickae:
Cowrywise is doing better

Yes, I also track cowry despite the fact that they are the most transparent in terms of reporting. I just don't understand why other MMF can not have a transparent reporting platform as cowrywise. Whatever they report is what you get real time.

Please note my cowrywise account level is Bloom. So the returns are for High yield investment

How do one start investing on Cowrywise?
And can one have access to both the capital in interest at anytime?

FRANKLYex:
Yes, I also track cowry despite the fact that they are the most transparent in terms of reporting. I just don't understand why other MMF can not have a transparent reporting platform as cowrywise. Whatever they report is what you get real time.

Please note my cowrywise account level is Bloom. So the returns are for High yield investment

FRANKLYex:
Yes, I also track cowry despite the fact that they are the most transparent in terms of reporting. I just don't understand why other MMF can not have a transparent reporting platform as cowrywise. Whatever they report is what you get real time.

Please note my cowrywise account level is Bloom. So the returns are for High yield investment

What about Axamansard mmf. How is their interest rate like?

ogoo4real:
What about Axamansard mmf. How is their interest rate like?

I don't do Axamansard really. I only do STANBIC, ARM & CIWRYWISE. I used to do Chapel Hill Denham but their rates is the lowest over time, so I have to take my fund.

chuxmgc:
How do one start investing on Cowrywise?
And can one have access to both the capital in interest at anytime?

The same way you have been investing with others. Do your findings and proceed. Everything is in the web sapce

I just checked now and saw that stanbic MMF fell to 19.65%

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

Thanks for this.

Just a little clarification needed, How is the compounding like, following the breakdown you shared? For instance if I consider the interest per month, we are looking at 1.7-1.73% per month. In the event i decide to to make contributions consistently every month, will the interest ( 1.7% ) be compounded every month likewise for the Principal + contribution?

Please how uses FCMB ASSET MANAGEMENT HERE, I WANT TO CREAT A ACCOUNT WITH THEM... DON'T KNOW HOW GREAT IS MONEY MARKET FUND INTREST... ALTHOUGH I READ SOMETHING POSITIVE ABOUT THEM ONLINE... BUT I WANT FIRST HAND INFORMATION JARE

Let me say this again for those at the back: stop fixating on compounding frequency when evaluating which fund to invest in. You should only start comparing compounding frequency when the rates are nearly identical, or when the fund with monthly compounding offers a slightly better rate.

But the moment a quarterly compounding fund offers even a 1% higher rate, it will easily outperform the monthly one.

So instead of fixating on how often interest is compounded, focus on what really matters:

What’s the actual rate of return?
How consistent is the fund’s performance?
What are the fees and terms?

These are the things that truly shape your returns, not the technicalities of compounding schedules. Just my two cents

Neurotika:
Let me say this again for those at the back: stop fixating on compounding frequency when evaluating which fund to invest in. You should only start comparing compounding frequency when the rates are nearly identical, or when the fund with monthly compounding offers a slightly better rate.

But the moment a quarterly compounding fund offers even a 1% higher rate, it will easily outperform the monthly one.

So instead of fixating on how often interest is compounded, focus on what really matters:

What’s the actual rate of return?
How consistent is the fund’s performance?
What are the fees and terms?

These are the things that truly shape your returns, not the technicalities of compounding schedules. Just my two cents

Thank you for your submission on the topic.

Actually i am a greenhorn on this, and to be frank my question is regardless who offers the best rate of return ( based on the highlighted). I only want to know how the compounding is usually done as a base case. Of course there will be fees and other outcomes beyond predictability, which I will be ready to embrace once ready.

nickae:
Cowrywise is doing better

good afternoon pls what package is these in the cowrywise program is this as I am running mutual funds there but I am interested in these also thanks.

Inception:
Thank you for your submission on the topic.

Actually i am a greenhorn on this, and to be frank my question is regardless who offers the best rate of return ( based on the highlighted). I only want to know how the compounding is usually done as a base case. Of course there will be fees and other outcomes beyond predictability, which I will be ready to embrace once ready.

Kindly clarify the bolded so I know how to respond.

blessedchild234:
good afternoon pls what package is these in the cowrywise program is this as I am running mutual funds there but I am interested in these also thanks.

Its still mutual funds, just check the daily logs or performance, you will see these reports

nickae:
Its still mutual funds, just check the daily logs or performance, you will see these reports

okay these was what you are talking about abi?