₦airaland Forum

Hello House
Just created a rough calculator to help in calculation

Still rough BUT kindly help me test to see if it's giving correct figures

https://cpanel.baconsol.com/tools/calculate-compound-interest.php

@A305 , @emmasoft

bassdow:
7 people don call me since 11am yesterday. Me sef don try like 3 times around 2am (as a software developer, I work late so mostly awake at such hour). I presume they're doing undisclosed updates.
We sef wey dey into hosting, atimes do such at such unGodly hours without informing clients because we know most wouldn't be active at such hour.

But seriously, this people need be careful so as not to raise blood pressure of some people. You need see the way I was giving one baba assurances like say me know first hand wetin happen.

Good afternoon, could this be the company desensitizing users to internal market manipulations ? Like most subscribers won’t panic if the anchor investors are still on board meanwhile the anchor investors can remove their funds at will, allowing the fund managers to move fund around to account for demand.
Thinking about it .. in this Fintech age in Nigeria we are well past faulty apps - It feels like a regulated scam if you can’t access your investments at will.

monikulapo:
Good afternoon, could this be the company desensitizing users to internal market manipulations ? Like most subscribers won’t panic if the anchor investors are still on board meanwhile the anchor investors can remove their funds at will, allowing the fund managers to move fund around to account for demand.
Thinking about it .. in this Fintech age in Nigeria we are well past faulty apps - It feels like a regulated scam if you can’t access your investments at will.

hmmmmmmmmmmmmmmmmm

But seriously, there are structures and laws/rules to avoid handyPancky of funds But then again,...

bassdow:
Hello House
Just created a rough calculator to help in calculation

Still rough BUT kindly help me test to see if it's giving correct figures

https://cpanel.baconsol.com/tools/calculate-compound-interest.php

@A305 , @emmasoft

Nice.
Suggestions: add month 0 which is when the capital was added and investment started.
Also, develop a ML predictor model to read the MMF rates from inception then do an aggregation and predict what the next couple of days or months could be...

bassdow:
hmmmmmmmmmmmmmmmmm

But seriously, there are structures and laws/rules to avoid handyPancky of funds But then again,...

Bernie Maddof (One time chairman of NASDAQ and SEC advisor) .. also mastermind the biggest ‘ponzi scheme’ in history, using an asset management company.

If he was Nigerian nothing would come out of it.

It’s just a funny observation to me that either a lot of the apps are laggy or in person services are slow and not consistent.

synoble:
Nice.
Suggestions: add month 0 which is when the capital was added and investment started.
Also, develop a ML predictor model to read the MMF rates from inception then do an aggregation and predict what the next couple of days or months could be...

Done the Bolded. As for ML predictor, That's outside objective of the calculator which is simplicity. What I intends doing later is adding feature to show latest rates per provider + equally show the provider with highest stable rate BUT guess that would take a while as lots of providers seem not to even follow their rates. That's the few that even list to begin with.

bassdow:
But seriously, this people need be careful so as not to raise blood pressure of some people. You need see the way I was giving one baba assurances like say me know first hand wetin happen.

@The Bolden. Az in ehn.

I do find it very annoying cuz na always weekends one person dey try raise one issue or the other.

I no blame them, money matter no easy but make una relax abeg

Thank u for ur contributions and advice. I will think through it and revert

emmasoft:
@Enyinne, please understand that stanbic ibtc bank is not the entity that act as a manager rather it's stanbic asset management. Stanbic bank is a MDB and not a fund manager.

It's true stanbic asset management as a fund manager is in the same holding company as the bank but that doesn't not make your money safer.

They are not related as per function, operations and regulations hence you will notice that the collection account for their dollar fund can never be stanbic bank as required by the regulators.

Norrenberger is not a bank but a fund manager just like stanbic asset management they are both regulated by SEC not CBN. Some folks here use them as their fund managers.

Infact the dollar collection account for Norrenberger is Stanbic bank.

All dollar fund has the same characteristics and level of risk. In the industry, dollar fund is classified as medium risk investment irrespective of the fund manager.

Understand this, any fund that has the following parties:

A fund manager
Custodian bank
Trustees
SEC regulated

Is all you need to do business with, whether they have been in business for 20 years or just starting out, your money is safe.

By the way all dollar funds have same underlying assets basically and that is eurobonds irrespective of the fund manager.

So, any fund manager you use, your money is actually invested in the same instrument.

However, please go with the fund manager you are comfortable with.

I just do the above post to enlighten you more about dollar fund.

You can also open a dollar fund account with stanbic by clicking the first link on my signature, pick dollar fund and filled the online form.

Check earlier pages of this thread you will read my posts to help you further.

bassdow:
7 people don call me since 11am yesterday. Me sef don try like 3 times around 2am (as a software developer, I work late so mostly awake at such hour). I presume they're doing undisclosed updates.
We sef wey dey into hosting, atimes do such at such unGodly hours without informing clients because we know most wouldn't be active at such hour.

But seriously, this people need be careful so as not to raise blood pressure of some people. You need see the way I was giving one baba assurances like say me know first hand wetin happen.

Pls I just want to invest, based on what you wrote is it still okay to put my money in mmf or I should hold on ,I want to fund my wallet tomorrow

bassdow:
Done the Bolded. As for ML predictor, That's outside objective of the calculator which is simplicity. What I intends doing later is adding feature to show latest rates per provider + equally show the provider with highest stable rate BUT guess that would take a while as lots of providers seem not to even follow their rates. That's the few that even list to begin with.

Nice, makes sense... well-done...

heavenisreal18:
Pls I just want to invest, based on what you wrote is it still okay to put my money in mmf or I should hold on ,I want to fund my wallet tomorrow

That's left to you. A lot of us old members (including those with serious funds with them) ain't worried because it's somewhat a regular occurrence.
Would even suggest you fund your account tomorrow morning so you see the money reflect same day BECAUSE even if you fund your account now, it wouldn't reflect today as today is WeekEnd

heavenisreal18:
Pls I just want to invest, based on what you wrote is it still okay to put my money in mmf or I should hold on ,I want to fund my wallet tomorrow

Mind you, you need not fund your wallet at all. Just pay the money directly to your investment account. Also please use the bank option else you would be charged if using the card option (which is slow also)

bassdow:
Mind you, you need not fund your wallet at all. Just pay the money directly to your investment account. Also please use the bank option else you would be charged if using the card option (which is slow also)

Okay, , thank still waiting for my e-account to be sent,pls is it still possible to change the bank for withdrawal can it be edited.

bassdow:
That's left to you. A lot of us old members (including those with serious funds with them) ain't worried because it's somewhat a regular occurrence.
Would even suggest you fund your account tomorrow morning so you see the money reflect same day BECAUSE even if you fund your account now, it wouldn't reflect today as today is WeekEnd

Thank you, I will still waiting for e-account yet to receive it

bassdow:
Hello House
Just created a rough calculator to help in calculation

Still rough BUT kindly help me test to see if it's giving correct figures

https://cpanel.baconsol.com/tools/calculate-compound-interest.php

@A305 , @emmasoft

@bassdow, good job. It's simple and clear. However, when it comes to the mutual fund business MMF in particular, you will always have plus or minus at the final figures you get, but what you have done is commendable.

However, one thing I have done over the years to keep and maintain good mental health about my mutual fund investment is to just have faith in the system and believe they will do or are doing as stated in their fact sheets.

I was doing a lot of calculations and comparing rates a lot, but after some time, I just decided otherwise before a low-risk investment would begin to give me sleepless nights.

It's even better now. During the analogue days, everything was just by faith and trust.

By the way, for those using Stanbic and, by extension, other apps, understand that the app is just a window to view your investment account at the backend. What you see on the web portal/app is just representing your investment. Even if the app crashes, it has nothing to do with your investment; what simply happened is that one of the windows through which you view your account is having an issue, not your investment. Your investment is intact. What you see when you check your account online is not cash like your bank account.

For your investment to be converted to cash, the fund manager, custodian bank, and the trustees must be involved, unlike a debit on your bank account, where the money leaves your account immediately based on your instruction.

This is the reason why it takes a few hours before you get a credit alert when you make a withdrawal. If you check the original document, you will see redemption of most MMFs is stated as 2 to 3 working days - analogue days, but improved technology has made things easier.

Even at that, it's still part of the process in the industry that a call be put through to the investor depending on the amount involved in the withdrawal process. A voice recording is part of the process; it's also the reason for the request of your BVN during registration to be sure any cash leaving your investment account is going to the right investor. Changing this registered bank account also has a process to pass through.



All the traditional fund managers still have the first principle way of fund withdrawal, ie, using the redemption form, even when there is no website or app, investors will still get their money.

I just say the above to allay our fears concerning some experiences with the app/web portal of Stanbic Asset Management over this weekend.

Let's not panic, your investments are safe and remain a low-risk investment with your capital and varied returns guaranteed.

A305:
Go on Bamboo.

Go and buy dividend payinging ETFs or growth S&P500 stocks.

That way, you killing 3 birds with 1 stone.

1 - you hedging against Nigeria inflation

2 - You hedging against forex exchange

3 - You enjoying dividend.

Bonus point - Keep compounding and you won't be broke for life. Even your children will inherit and keep earning your dividends after you pass on.

An alternative

If you have real money; not the kind of chicken change I have oooo. I mean real money (Block money), the kind money that when you deposit it in a bank, Branch manager or regional manager will be calling to check in on you, sending your account statements through a gorgeous female bank staff to your house. That kind money — I will suggest you hand the money to hedge fund manager, go home to sleep and stop dragging MMF rates with us lol

What hedge funds will you recommend?
Thank you

https://cowrywise.com/blog/hedge-fund/

Hedge fund is for the chairmen 😎🤫

emmasoft:
@bassdow, good job. It's simple and clear. However, when it comes to the mutual fund business MMF in particular, you will always have plus or minus at the final figures you get, but what you have done is commendable.

However, one thing I have done over the years to keep and maintain good mental health about my mutual fund investment is to just have faith in the system and believe they will do or are doing as stated in their fact sheets.

I was doing a lot of calculations and comparing rates a lot, but after some time, I just decided otherwise before a low-risk investment would begin to give me sleepless nights.

It's even better now. During the analogue days, everything was just by faith and trust.

By the way, for those using Stanbic and, by extension, other apps, understand that the app is just a window to view your investment account at the backend. What you see on the web portal/app is just representing your investment. Even if the app crashes, it has nothing to do with your investment; what simply happened is that one of the windows through which you view your account is having an issue, not your investment. Your investment is intact. What you see when you check your account online is not cash like your bank account.

For your investment to be converted to cash, the fund manager, custodian bank, and the trustees must be involved, unlike a debit on your bank account, where the money leaves your account immediately based on your instruction.

This is the reason why it takes a few hours before you get a credit alert when you make a withdrawal. If you check the original document, you will see redemption of most MMFs is stated as 2 to 3 working days - analogue days, but improved technology has made things easier.

Even at that, that it's still part of the process in the industry that a call be put through to the investor depending on the amount involved in the withdrawal process. A voice recording is part of the process; it's also the reason for the request of your BVN during registration to be sure any cash leaving your investment account is going to the right investor. Changing this registered bank account also has a process to pass through.



All the traditional fund managers still have the first principle way of fund withdrawal, ie, using the redemption form, even when there is no website or app, investors will still get their money.

I just say the above to allay our fears concerning some experiences with the app/web portal of Stanbic Asset Management over this weekend.

Let's not panic, your investments are safe and remain a low-risk investment with your capital and varied returns guaranteed.

But does Stanbic MMF ever send the breakdown of the daily returns for the 30 or 90 days and the respective rates applied say maybe after the month or a quarter just like bank statements like traditional banks do.

I started this in July, I'm left to just checking the app and hoping things go well....

Cowrywise app interface looks better with all information the investors need daily...

Onboard1:
What hedge funds will you recommend?
Thank you

Lol, shey you get 1 billi

Is anyone experiencing bad network with the stanbic mutual fund lately?
Both on the App and Web.

This is frustrating. I need to redeem some funds

bassdow:
Mind you, you need not fund your wallet at all. Just pay the money directly to your investment account. Also please use the bank option else you would be charged if using the card option (which is slow also)

Pls should I pay the money directly now yet to get the e- account and password.

Amycanada:
Is anyone experiencing bad network with the stanbic mutual fund lately?
Both on the App and Web.

This is frustrating. I need to redeem some funds

true.. should be OK by now

Though the new app with blue nest still having issues stating not network issue but invalid email nonexistent account

Amycanada:
Is anyone experiencing bad network with the stanbic mutual fund lately?
Both on the App and Web.

This is frustrating. I need to redeem some funds

Use the old app, it is working well there, the new app is something else

synoble:
But does Stanbic MMF ever send the breakdown of the daily returns for the 30 or 90 days and the respective rates applied say maybe after the month or a quarter just like bank statements like traditional banks do.

I started this in July, I'm left to just checking the app and hoping things go well....

Cowrywise app interface looks better with all information the investors need daily...

From my experience so far, they don't. Cowrywise is a fintech, so the robustness is there. Note that this complaint is across board with most MMF and not just Stanbic MMF, to know the rates you would need to calculate it manually.

bassdow:
Hello House
Just created a rough calculator to help in calculation

Still rough BUT kindly help me test to see if it's giving correct figures

https://cpanel.baconsol.com/tools/calculate-compound-interest.php

@A305 , @emmasoft

Interesting, I did something personal last week with a NOCODE tool, it actually allows you to save your inputs and too :
mutual-fund-calculator.lovable.app

Mutual funds are a good option for long-term wealth building, but one thing I’ve noticed from experience is that they can’t always provide short-term liquidity or high monthly returns.

That’s why I personally combine them with a low-risk income stream that brings in steady cash flow daily — P2P crypto trading. Unlike most funds, you’re not waiting 90 days to see profit; you can withdraw earnings the same day you make them.

The principle is the same as good fund management:
1. Protect your capital first
2. Follow a set strategy, not emotions
3. Keep reinvesting to scale

I’ve documented the exact beginner-friendly blueprint I use — anyone curious can check my profile for the details.

nickae:
Use the old app, it is working well there, the new app is something else

Yeah, I'm using the old app.

But, it's not recognising my "secret answer" to the secret question asked during the redemption process.
I want to redeem some money.

heavenisreal18:
Okay, , thank still waiting for my e-account to be sent,pls is it still possible to change the bank for withdrawal can it be edited.

You would have to Call support over the phone or send them an email or waka enter Bank (which is a longer version because they still would end up doing for you, same thing you would have done yourself)

and No, it can not be EDITed from the dashboard. That's for security reasons

Amycanada:
Yeah, I'm using the old app.

But, it's not recognising my "secret answer" to the secret question asked during the redemption process.
I want to redeem some money.

mayBe you should wait, or give them a call. They probably still working on their system. recall a lot of people couldn't log-in over the weekend.

ukingscorps:
Mutual funds are a good option for long-term wealth building, but one thing I’ve noticed from experience is that they can’t always provide short-term liquidity or high monthly returns.

That’s why I personally combine them with a low-risk income stream that brings in steady cash flow daily — P2P crypto trading. Unlike most funds, you’re not waiting 90 days to see profit; you can withdraw earnings the same day you make them.

The principle is the same as good fund management:
1. Protect your capital first
2. Follow a set strategy, not emotions
3. Keep reinvesting to scale

I’ve documented the exact beginner-friendly blueprint I use — anyone curious can check my profile for the details.

You and this ya tactics with lots of digressing.

heavenisreal18:
Pls should I pay the money directly now yet to get the e- account and password.

You can't make any payment till you've gotten your Password and eAccount no as those are really what guarantees you've got an account.

Getting such details doesn't often take time BUT since they just finished working on their system, that might be reason for the delay.

To be sure you did things right, you either give them a call OR get in touch with me. Giving them a call could be better as they get to check things from their end. Me go just verify say you entered the correct details, nothing more

Amycanada:
Is anyone experiencing bad network with the stanbic mutual fund lately?
Both on the App and Web.

This is frustrating. I need to redeem some funds

The web version is online and working now though don't know about redemption.

Most people whom I helped open accounts, including myself rarely withdraw anything. Myself have never withdrawn. That's because our goal is long term.
Some would want to withdraw, I kinda try discouraging them. Later na dem go still come thank me say if to say they collected the funds, e for don finish. gradually, they themselves have gotten ways to fight such urge.