₦airaland Forum

emmasoft:
The last one was 5th Nov. So all things being equal the next will be 19th of Nov. Going by the usual fortnight structure.

Mixology:
Exactly my sentiment. It’s quite much. Prior to now, it wasn’t applicable to mmf, but these people just did the magic. And it’s on monthly returns, not 10 percent annually but monthly.

Risingcash94:
Ok thanks. Is there anyway to get ready before then or something? Also is SUKUK bond subject to WHT?

emmasoft:
The last one was 5th Nov. So all things being equal the next will be 19th of Nov. Going by the usual fortnight structure.

Risingcash94:
Ok thanks. Is there anyway to get ready before then or something? Also is SUKUK bond subject to WHT?

enque:
I thought bonds were sold monthly

Risingcash94:
10% monthly for mutual funds? For real? Pls someone else confirm this 😭

emmasoft:
The question was on Tbills

Risingcash94:
Thanks. But the question wasn't about tbills. It was about fgn Bond. When is the next auction
And how does one get ready. Thanks again

emmasoft:
Oh, really, I'm sorry, honestly, till this moment I thought the question was on Tbills; hmm, what you see and what you think you see can differ indeed.

Most times, the timetable for FGN Bonds is on the DMO website - it's monthly, but not sure of the exact timing. I don't normally do bonds. I always prefer fundamentally sound stocks when I wish to do long-term, and more so, I do fixed income funds, which is an indirect way to invest in bonds and still have the privilege of getting my funds out anytime without loss, which may not be possible due to bond prices and yield that go inversely proportional to each other.

To get bonds, you can approach your stockbroker, fund manager and indicate your interest.

nnewsnjobs:
Investment gurus in the house, kindly advise how someone can convincely invest 50M and will be smiling home with interest of between 1M and 1.2M every month.

As investing 50M with only Mutual funds will only give interest of between 625k and 750k per month using 15% and 18%. This is possible only if the interest rate doesn't go below 15% as inflation is currently easing down.

Kindly advise on the best way to invest 50M and be sure of interest between 1M and 1.2M every month.

Thanks

ogoo4real:
Please can someone advice the best MMF to invest in currently based on the interest rate. Thanks 🙏

ogawisdom:
Inflation getting better, cost of things need to nosedive too

Risingcash94:
10% monthly for mutual funds? For real? Pls someone else confirm this 😭

Elui2:
Hello all.

I made a top up in my stanbic ibtc mmf since Friday

Up until this moment, it' hasn't reflected in my account yet.

What could be the issue?

Jane111:
Lol, this is really funny.........So lets crunch and simulate this, 10% monthly comes to 120% annually, which invariably means that not only will they take the entire interest accrued for the entire year which is 100%, they will potentially take the outstanding 20% from the capital in furtherance of that regulation of 10% monthly. It is 10% yearly and its pro rated based on the tenor

Neurotika:
Any economist with a basic grasp of data integrity will not take this at face value. Rebasing the CPI by skipping a decade and a half, and choosing a reference period defined by severe inflation, will definitely guarantee a flawed stat. They are just massaging the numbers to fit political preferences rather than reflect reality. My opinion anyway….

Creditalerts:
Call them nairaland is not stanbic customer care🙄🙄

Elui2:
Kindly share their details

Neurotika:
Any economist with a basic grasp of data integrity will not take this at face value. Rebasing the CPI by skipping a decade and a half, and choosing a reference period defined by severe inflation, will definitely guarantee a flawed stat. They are just massaging the numbers to fit political preferences rather than reflect reality. My opinion anyway….

Jane111:
Lol, this is really funny.........So lets crunch and simulate this, 10% monthly comes to 120% annually, which invariably means that not only will they take the entire interest accrued for the entire year which is 100%, they will potentially take the outstanding 20% from the capital in furtherance of that regulation of 10% monthly. It is 10% yearly and its pro rated based on the tenor

Elui2:
Hello all.

I made a top up in my stanbic ibtc mmf since Friday

Up until this moment, it' hasn't reflected in my account yet.

What could be the issue?

brainhack:
Who has a Stanbic Dollar Fund and Standard Chartered Domicillary account?

I have been getting mails from Standard Chartered: something about having N7.5 million AUM or risking account closure.

Please what are you doing about it? What alternative(s) do you plan to use to fund your Stanbic Dollar Fund that doesn’t come with an average of $20 in transfer charge?

nickae:
I think from next year, you must have a minimum of 7.5 million in your Standard Chartered else it will be closed. You can actually get the USD and pay to Dollar Fund account directly.