₦airaland Forum

2011HajjWeber:
@17%
1,000,000 x 17% divided by 12 months
1,000,000 x 0.17 divide 12 months
=14,166.67/Month
@18%
1,000,000x 18% divided by 12
=15,000/ Month

emmasoft:
1. Yes. You can witthraw at anytime, however, if it's within the first 30 days, you will pay a penalty of 20% of the interest accrued on the amount your are withdrawing.

2. Interest start to accrue from the day of deposit if it was done before noon otherwise it starts the next biz day.

Creditalerts:
what of if I withdraw after 35 days?

bassdow:
first things first, if you invest your money in MMF, you can withdraw your money any time even if it's 1-day later.

Now they have a rule that says, you should leave your funds at least 30-days else whatever profit / interest that money has earned, they would take 20% of it.

Mind you, the 20% comes out of the profit, not the actual money you invested. they never touch the actual money.

Now you asked what if you take out the money after 35-days. Since 35-days, or even 31-days is more than 30-days, you would get your money + the full profit

emmasoft:
Before the year runs out in 56 days
You can still make some money when you invest in

Norrenberger MMF - 18.56%
Norrenberger Dollar Fund- 9.24%
Stanbic MMF - 17.01%

To open an account and start investing, click the first and second links in my signature.

Let your money work hard to generate money for Detty December

emmasoft:
Before the year runs out in 56 days
You can still make some money when you invest in

Norrenberger MMF - 18.56%
Norrenberger Dollar Fund- 9.24%
Stanbic MMF - 17.01%

To open an account and start investing, click the first and second links in my signature.

Let your money work hard to generate money for Detty December

Creditalerts:
At bolded number 2 can u trow more light pls?

emmasoft:
NDF - Norrenberger Dollar Fund
The Dollar Fund is a collective investment scheme registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking dollar-dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar-denominated money market instruments.

Features
Return on investment is competitive and tax free.
The Fund is open-ended and constituted under a Trust Deed.
Quarterly dividend payment or reinvestment.
Redemption of units within the first 90-day period attracts 20% penalty charge on the accrued return.
Redemption is processed within 5 working days.
Online access is available to monitor fund performance.
Diversified portfolio in dollar-denominated instruments.
Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.
The Dollar Fund is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar-denominated money market instruments.

Features
Return on investment is competitive and tax free.
The Fund is open-ended and constituted under a Trust Deed.
Quarterly dividend payment or reinvestment.
Redemption of units within the first 90-day period attracts 20% penalty charge on the accrued return.
Redemption is processed within 5 working days.
Online access is available to monitor fund performance.
Diversified portfolio in dollar-denominated instruments - eurobounds in particular
Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit - current price is $104.15

Creditalerts:
if I invest 500 dollars what should I expect in 90 days time pls

I like money but I no want too much grammar

emmasoft:
Between 11 to 12 dollars
By the way, sometimes you need the grammar to know how to like money

emmasoft:
Between 11 to 12 dollars
By the way, sometimes you need the grammar to know how to like money

Creditalerts:
fair enough I will try it out

bassdow:
A lot of them are that way. They just want a YES or NO. Not how to understand and think themselves. Some go call, ask questions and get offended when you explain much.

Although I quite agree with @Creditalerts on your response above. You for just tell am say the Dollar MMF is similar to the Naira MMF except so so and so and this and that. The plenty long grammar above fit make person get more confused than originally before asking said question.

Creditalerts:
you are right naira MMF is similar I will stick to it,[b]I deposited z on stanbic mmf already and I am doing like - z on invester 2mao the traditional savings is cheating me [/b]🤦🏾‍♂️

bassdow:
would suggest you kinda desist from mentioning such figures online. There are crop of individuals who scan the forum looking for contact of those they believe have money so they message and beg from them. Pitiful stories to tell no dey finish for dem mouth.

bassdow:
A lot of them are that way. They just want a YES or NO. Not how to understand and think themselves. Some go call, ask questions and get offended when you explain much.

Although I quite agree with @Creditalerts on your response above. You for just tell am say the Dollar MMF is similar to the Naira MMF except so so and so and this and that. The plenty long grammar above fit make person get more confused than originally before asking said question.

Foodempire:
Stanbic flashed me 450k undeserved accrued interest then took it back after some hours,I was happy to see more money in my account, i had even planned what to buy with it..boom they took it off. Did anyone also experience this

Foodempire:
Stanbic flashed me 450k undeserved accrued interest then took it back after some hours,I was happy to see more money in my account, i had even planned what to buy with it..boom they took it off. Did anyone also experience this

emmasoft:
Before the year runs out in 56 days
You can still make some money when you invest in

Norrenberger MMF - 18.56%
Norrenberger Dollar Fund- 9.24%
Stanbic MMF - 17.01%

To open an account and start investing, click the first and second links in my signature.

Let your money work hard to generate money for Detty December

Kabawhat:
I guess I am the only one using the legacy (FCMB) MMF. Their platform isn’t very consistent because they don’t update or upload accrued interest daily by 11 AM. I don’t know why.

2011HajjWeber:
@17%
1,000,000 x 17% divided by 12 months
1,000,000 x 0.17 divide 12 months
=14,166.67/Month
@18%
1,000,000x 18% divided by 12
=15,000/ Month

emmasoft:
One major reason for this thread is for knowledge impactation and for folks to be well guided and make informed investment decisons. I don't see anything long grammar for stating the features of an investment product. It's part of the ethics of the profession, an individual submission or sentiment should not make us change the rule.

Moreover we have more prospective investors who wish to know much about a product before investing than those who think otherwise.
It's always better to learn to earn.

Creditalerts:
That means myinvestar is better @19.3 and stanbic is 17.1. U can do ur findings .I'm using both but myinvestar is better

Foodempire:
Stanbic flashed me 450k undeserved accrued interest then took it back after some hours,I was happy to see more money in my account, i had even planned what to buy with it..boom they took it off. Did anyone also experience this

enemerci:
Please when you invest in balance/ equity fund. A small percentage is deducted. Please what is that for.
Someone should do us the honors by educating us

bassdow:
you also need consider the fact Stanbic compounds Monthly Vs others that does theirs quarterly.