₦airaland Forum

suckprick:
@emmasoft, I want to ask, is there a difference between MMF and Tbills? Someone advised me to invest in Tbills instead of MMF. As I am looking to invest a huge sum, I need as much market analysis and advice as I can get. Please shed more light at your convenience. Thank you.

Creditalerts:
How this people take dey run am FAAM by myinvestar 21.3%😲

ipobcannibals:
T-bills are better than MMF because T-bills interests are locked in for the duration of your investment, while MMF’s interests fluctuates on a daily basis.
MMF was 23.7% at the beginning of the year, but now it’s averaging 16%. On the other hand, investors who locked in T-bills at 18.5% in January for 1 year got a better average interest when compared to MMF today.

nickae:
Hello @emmasoft, with this info from Norrenberger, does it mean Mutual funds are exempted from the 10% WHT?

squad1:
For tbose with norrenberg, it is only payment through credit card that is available for mutual fund investment?

Donbrig:
For about 7yrs now, I have attentively studied the best options between MMF and Treasury bills, at the end of my intensed observation, after investing aggressively in both instruments, I honestly want to tell you all that MMF has far more advantages than treasury bills in all ramification, and MMF is one of the best ways to accumulate great wealth, with LIQUIDITY.

Most people often think treasury bills is the best options, I wouldn't blame them because I was in that position before...

Let me break it down properly... Patient is one of the greatest advantages most successful or wealthy investors have over others, and in MMF you need a whole lot of patience to count your multiple wins and patience is what most Nigerians don't have, because of our quest for urgent results or wealth...

If you calculate the YEAR-TO-DATE (YTD) rates of most asset managers like Stanbic, FBNQuest, Norrenberger etc, you gonna be having 17% and above, with the advantage of reinvesting your fund quarterly or monthly (by stanbic only)

Treasury bill is good if you are the impatient investor, but MMF is for those with passion to build great wealth beyond 364 days

emmasoft:
Check out Norrenberger MMF doing 24.92% today.

Your money can still work for you in the days remaining this year and beyond.

Click the second link in my signature to start investing. Account is opened within 24 hours.

emmasoft:
Check out Norrenberger MMF doing 24.92% today.

Your money can still work for you in the days remaining this year and beyond.

Click the second link in my signature to start investing. Account is opened within 24 hours.

playces:
Oga Emma,

What are u people upto o. U wan mk we dey jump jump. From fbnquest I don open stanbic now u dey rub norren on our face.

24% high o. Others for mkt no near 20 self

emmasoft:
I have always been an advocate of more than one fund manager, and as you know, MMFs are daily valued, so enjoy it while it lasts.

IamtheDef:
Any update on their channels or is it just me that cannot access both the app and the web portal

Beeron:
In your earliest post, I saw you quoted 100M to invest.

I would advise you spread your investment into Tbills and MMF to enjoy both privileges.

Lock 30% in Tbills when Tbills rate is high and

Invest 50% in a MMF of choice permanently.

Always Use 10% to shop around different MMF offering the best rate after 30 days.

Lastly, Invest the remaining 10% in a balanced Mutual funds that has both stocks and bonds.


If you follow this strategy, whether rates are poor or not, you will always smile because your financial power (investment volume) is making you enjoy good returns from all sides. (Tbills, MMFs, Stocks and Bond)

For more insight, see my YouTube channel down

emmasoft:
Check out Norrenberger MMF doing 24.92% today.

Your money can still work for you in the days remaining this year and beyond.

Click the second link in my signature to start investing. Account is opened within 24 hours.

Odunharry:
Tbills isn't doing 30%

Donbrig:
Gone are the days when we had very few asset managers like FBNQuest or Stanbic, we now have so many asset managers working hard to change the narratives in the industry, with cutting edge technology... There has never been a better time to make money while asleep.

Beeron:
No one said, Tbills was doing 30% sir.

Re-read again, then you will see a different meaning to it.

If Tbills was doing 30%, that means the economy is overheating.

Odunharry:
Just saw it..

Around last year yield was as high as 30% though inflation then was over 30%

Beeron:
Gbam!

The economy was overheating at that point.

It was at that point that Cardoso felt the need to do CPI rebasing. And kept hiking MPR.

The funny thing is, we weren't seeing results as FX was threatening to spiral out of control.

Cardoso had to double down by rebasing the GDP and refused to cut MPR.

People on this thread were happy for high MMF rates and Tbills rates. I was just laughing and thinking, only if they knew the sleepless night Cardoso was having.

Now suddenly, Inflation began to drop

It all seem like a sleight of hand to me because, personally, what I think is happening is:

Strip out the rebasing, Nigeria inflation is still very much high.

Now Inflation numbers has been coming down because we now exiting the rainning season when there is abundance of food.

Now strip away food inflation and let's focus on core inflation. You will realize the fear in Cardoso's mind which is why he refused to cut rate in the last MPC meeting.

Our economy is very fragile.

Creditalerts:
I am really regretting while I invested most of my money on stanbic MMF 😢their 16% is very annoying next week I will pull out my fund to other MMF doing well

Beeron:
If you are confused and looking to understand why some MMF daily rate is low and others high. Like how Stanbic is hovering around 16% and Norrenberger shot up yesterday to around 24%.

Take a moment to watch this video I made to educate about about it. And if you have questions afterwards, I will answer.

Please don't forget to subscribe to the channel.


https://www.youtube.com/watch?v=DZu5xBWNdeI

Donbrig:
Thanks for sharing, this was really informative.

Creditalerts:
I am really regretting while I invested most of my money on stanbic MMF 😢their 16% is very annoying next week I will pull out my fund to other MMF doing well

bassdow:
see eh, don't get discouraged just yet.

Even if others are giving you 18% while stanbic gives you 16%, hope you very much aware stanbic compounds on monthly basis vs others that doe so quarterly (every 3-months)

I am yet to run a test (which I intends doing soon) BUT the fact stanbic compounds monthly should fill up most of those gaps + those high rates ain't often steady. It's 21% today doesn't mean it would remain so tomorrow or the next.

I recall shared the idea of using at least 3 fund managers but most people argued I was wrong. Me wey be say I no sabi chop 1 soup for canteen (I must mix all the best soups into 1 plate), you expect me to follow just one fund manager.

bassdow:
see eh, don't get discouraged just yet.

Even if others are giving you 18% while stanbic gives you 16%, hope you very much aware stanbic compounds on monthly basis vs others that doe so quarterly (every 3-months)

I am yet to run a test (which I intends doing soon) BUT the fact stanbic compounds monthly should fill up most of those gaps + those high rates ain't often steady. It's 21% today doesn't mean it would remain so tomorrow or the next.

I recall shared the idea of using at least 3 fund managers but most people argued I was wrong. Me wey be say I no sabi chop 1 soup for canteen (I must mix all the best soups into 1 plate), you expect me to follow just one fund manager.

bassdow:
One thing people should be aware of is, the maturedbig brands are not really in same position (desperate) as the new guys hence reason the likes of norrenberger would try to woo you with higher rates while the likes of Stanbic IBTC seem unBothered.

Afterall iPhone no dey fear to put big price on top their phones whereAs the likes of tecNo no fit try am else no market.

Another thing is, hopefully, those offering higher rates, ain't doing shady things.