₦airaland Forum

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:
My advice to people who to want to move money to shop around for better rate is:

Make that move as soon as possible especially if you are intending to move large funds running into millions.

Do so before the new Tax policy officially begins in January because when it begins, you won't have the flexibility of moving large sum without the authority not noticing your transactions especially the FIRS will be involved keeping a close look at massive fund movement.

This is why banks are now mandating customers to add remark/description to every transaction initiated online.

Meanwhile, if you want to know why such differences in daily rates by those MMF fund managers. Watch I explained it and don't forget to subscribe.


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

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.

Iamblessed88:
Kindly stop spamming this group with your website. This place will become messy if everyone starts promoting one product or the other. It will also reduce the quality of responses here since posts will be made with an angle in mind.

Last warning

Beeron:
Didn't see it that way but good thing you have brought my attention to it.

I thought I was providing meaningful contribution in write up and backing it up with video explanations via YouTube.

Spamming is when you concentrate all effort towards promoting a links with no added value or if link is unrelated to said discussion or conversation.

I just tire at this point.

Oyibopepe2000:
Hmm I actually benefited from watching the YouTube video you linked cuz I was beginning to suspect that the managers offering high rates may be shady and likely won't sustain it and crash. But after I watched your video I was more enlightened.
So I consider it still useful here. But I may be wrong though

Iamblessed88:
Hi guys. Can your mutual fund capital be insured by an insurance company? Assuming its money market mutual fund which offers capital preservation but just as a double layer of protection

emmasoft:
It's not necessary based on the underlying asset. There is a reason MMF is qualified as a low-risk investment. Don't try to ascribe any risk beyond its status to it. Having insurance on MMF is like having insurance on Tbills. We should not use a sledgehammer to kill mosquitoes.

Your money in MMF is not cash, and the full weight of the Federal government backs the major underlying asset. Even if your suggestion is applied, it will only reduce the return further without added value.

Iamblessed88:
Hi guys. Can your mutual fund capital be insured by an insurance company? Assuming its money market mutual fund which offers capital preservation but just as a double layer of protection

Beeron:
You the same person who told me to stop posting my videos links here but here you are asking a basic question the last video covered and I also have a dedicated video just for this type question (MMF security) but it isn't posted here.

Anyways Sha, I will still help you break this down.

No! You don't have to insure this type of low risk investment, MMF is low risk but it doesn't mean it doesn't carry any risk at all.

What you should understand is many insurance companies also play in the MMF space, Axa mansard is one of them.

So if Axa mansard, an insurance company runs MMF and possibly have large chunks of their fund in MMF, What level of fear do you have that is greater than the risk tolerance of an investment company investiing?

Secondly, Nigeria has another type of guarantees to oversee the affairs of MMF managers which we know as SEC.

There other types of natural guarantees that protect your funds but let me stop here.

Now what you should understand is this and it will shock you.

Nigeria Banks are the most regulated in the whole world. YES, I said that..... In the whole world.

Now imagine, Nigeria banks being highly regulated, but the system that provides banks and government with liquidity is left to fail... Naaah not possible. That's why MMF can't fail.

If you don't understand, tell me, let me make a video and show you in practical from another angle and tell you when MMF will fail and the signs you should always look out for.

Beeron:
You the same person who told me to stop posting my videos links here but here you are asking a basic question the last video covered and I also have a dedicated video just for this type question (MMF security) but it isn't posted here.

Anyways Sha, I will still help you break this down.

No! You don't have to insure this type of low risk investment, MMF is low risk but it doesn't mean it doesn't carry any risk at all.

What you should understand is many insurance companies also play in the MMF space, Axa mansard is one of them.

So if Axa mansard, an insurance company runs MMF and possibly have large chunks of their fund in MMF, What level of fear do you have that is greater than the risk tolerance of an investment company investiing?

Secondly, Nigeria has another type of guarantees to oversee the affairs of MMF managers which we know as SEC.

There other types of natural guarantees that protect your funds but let me stop here.

Now what you should understand is this and it will shock you.

Nigeria Banks are the most regulated in the whole world. YES, I said that..... In the whole world.

Now imagine, Nigeria banks being highly regulated, but the system that provides banks and government with liquidity is left to fail... Naaah not possible. That's why MMF can't fail.

If you don't understand, tell me, let me make a video and show you in practical from another angle and tell you when MMF will fail and the signs you should always look out for.

Donbrig:
@Beeron, God bless you, na man you be... Despite the fact that @lamblessed88 tried to prevent you from educating us here, you didn't ignore his questions, you answered him in a very polite manner and even offered to do a video for him if he doesn't get youranswers clearly. To me, there is no other better ways to show love and brotherhood. Kudos bro..

We know we have a lot of scammers and bad eggs amongst us, but we still have so many Nigerians with integrity and the fear of God.

It is always good to give people the opportunity to be trusted. We open accounts online with different fund managers and deposit millions/billions of naira/dollars in their accounts without even ever meeting any of the fund managers face to face, that is trust, accompanied with risk, after all, no investment on earth is 100% risk free.

I have subscribed to your youtube channel, I also want to encourage others to subcribe and support a brother, he hasn't asked us to pay money into his account or buy anything from him....

Your Youtube videos are well loaded with watertight informations, I had to watch some multiple times to get the message correctly, because we weren't taught most of these things in school, even in our universities.

emmasoft:
It's not necessary based on the underlying asset. There is a reason MMF is qualified as a low-risk investment. Don't try to ascribe any risk beyond its status to it. Having insurance on MMF is like having insurance on Tbills. We should not use a sledgehammer to kill mosquitoes.

Your money in MMF is not cash, and the full weight of the Federal government backs the major underlying asset. Even if your suggestion is applied, it will only reduce the return further without added value.

Iamblessed88:
Please, lets say i invest 50mln in stanbic money market mutual fund and lets assume the rate is held constant @ 20%, what will the 50mln become in a year? Also assuming stanbics quarterly compounding (correct me if I'm wrong)

I suspect my computation is wrong because the delta i am getting assuming compounding and non compounding scenarios is soo small.

emmasoft:
Tax evasion is a crime, but tax avoidance is not be wise!
Are you trying to avoid tax, and you don't have money for the FGN Bonds or you don't want to wait for the long tenor associated with direct investing in bonds, or you want something similar to MMF while enjoying a stable bond nature, then with as low as 5k, you can invest in the SFS Fixed Income Fund to get 17.01%.

https://sfsfund.com/customer/register?
ref=4GJ0I3Q21G or reach out to me.

Preator:
Abeg, how can i withdraw more than 5m from stanbic? This their rate is now ludicrous?

Iamblessed88:
You can if you visit their office in person and fill manual withdrawal form

Preator:
Abeg, how can i withdraw more than 5m from stanbic? This their rate is now ludicrous?

emmasoft:
Fill out the redemption form and indicate whatever amount you wish to withdraw and send to them. You don't need to be in the physical branch, except if it's convenient for you.

emmasoft:
If we assume the following: a 20% constant rate, which is not feasible, and a one-off deposit of 50m at the beginning of the year, returns and capital will be 60,969,554.25. I want to say, realistically, with the current economic situation, this is unrealistic.

By the way, Stanbic compounds monthly.

Beeron:
You the same person who told me to stop posting my videos links here but here you are asking a basic question the last video covered and I also have a dedicated video just for this type question (MMF security) but it isn't posted here.

Anyways Sha, I will still help you break this down.

No! You don't have to insure this type of low risk investment, MMF is low risk but it doesn't mean it doesn't carry any risk at all.

What you should understand is many insurance companies also play in the MMF space, Axa mansard is one of them.

So if Axa mansard, an insurance company runs MMF and possibly have large chunks of their fund in MMF, What level of fear do you have that is greater than the risk tolerance of an investment company investiing?

Secondly, Nigeria has another type of guarantees to oversee the affairs of MMF managers which we know as SEC.

There other types of natural guarantees that protect your funds but let me stop here.

Now what you should understand is this and it will shock you.

Nigeria Banks are the most regulated in the whole world. YES, I said that..... In the whole world.

Now imagine, Nigeria banks being highly regulated, but the system that provides banks and government with liquidity is left to fail... Naaah not possible. That's why MMF can't fail.

If you don't understand, tell me, let me make a video and show you in practical from another angle and tell you when MMF will fail and the signs you should always look out for.

emmasoft:
Fill out the redemption form and indicate whatever amount you wish to withdraw and send to them. You don't need to be in the physical branch, except if it's convenient for you.

Preator:
Now stanbic rate is now looking ludicrous. 15.73%?

Preator:
Now stanbic rate is now looking ludicrous. 15.73%?

Donbrig:
Stanbic rate is very very discouraging at the moment, my concern is not just the 15.73% at the moment, but how low Stanbic rate would be if CBN should decide to reduce rate in February 2026, Stanbic might go single digit rate....

Other fund managers are hitting 17 to 18+%

Stanbic fund managers nor try at all.... They aren't wishing us a good happy Christmas with these rates..

Its like Stanbic now invest our funds in ordinary bank deposits