₦airaland Forum

EquityM:
I got tired of MMF and switched a portion of my fund to the Cardinalstone equity fund last week, where I've made far more than my MMF would have in a month or more.

EquityM:
I got tired of MMF and switched a portion of my fund to the Cardinalstone equity fund last week, where I've made far more than my MMF would have in a month or more.

EquityM:
Yes, I'm always monitoring the NGX daily; however, since the market transitioned to a T+2 (Trade Date + 2 days) settlement cycle for equities, my returns have been bullish. Nevertheless, once drama erupts, I gonna cash out and move back to MMF.

Donbrig:
I once invested in equity and I lost everything in few weeks, and swore never again... I felt so bad and was inspired to write a book on "The Iniquities Of Equity"


If your body nor full, abeg nor put body Ohh.

Nakedman:
Hello Enque, Do you use First bank asset management? If yes, what rating would you give them in terms of customer service?
I am about to open an account with them

Beeron:
As a newbie, never go all in only on equity, Do a balanced fund instead or do ETF, probably Stanbic ETF 30.

Jayce242:
What is difference between balanced fund & mmf risk wise? I heard investors always find it hard to liquidate their Nigeria ETF, I don't think such investment is advisable.

EquityM:
Losing all of your money in an "equity fund" is subject to market conditions and the efficiency of the fund managers. However, I've noticed that if you have a large amount, your gains will almost certainly outweigh your losses over time.

EquityM:
Losing all of your money in an "equity fund" is subject to market conditions and the efficiency of the fund managers. However, I've noticed that if you have a large amount, your gains will almost certainly outweigh your losses over time.

Beeron:
Lol, wait till the bad days when the street turns red. It will be a bloodbath.

Anyways, next year will be the year of equities once CGT is settled and MPR is cut.

You will really smile next year.

Creditalerts:
Thanks please messengers of doom read the above message again🙄🙄

enque:
Been using them for about 2 years, and here is my observation so far;

-First time onboarding took almost 2 weeks before I could start using the app/services. Response was pretty slow.
- I've only had issues with funds deposit once, and it was sometime in October. Crediting my mmf account took 5 days, despite the fact that I did a transfer around 8am the said day. Had to call their CS lines severally before I could get my funds in my account.
Prior to this experience, crediting my account had been seamless and same day.
- I haven't tried withdrawal yet, so I can't speak to that.

Creditalerts:
Stanbic MMF 15.87 ,🤦🏾‍♂️ they have paid the accrued backlog we move ☹

Babygal2020:
Where are you moving to?

Beeron:
That T+2 policy was implemented last week. That single policy made the market more liquid so people decided to invest even their Christmas money that's why the market got bullish.

Enjoy your wins now and be smart to flee when ASI drops beyond recognizable pattern.

yusfatedeeprof:
It’s been a great year for equity funds generally though, unlike last year. If you jumped in back in January, you’d likely be up about 50% or more right now.

Also, for equity fund it's not advisable to try timing the market, time in the market is what builds wealth. Unless a total market collapse is certain, moving in and out of funds usually does more harm than good. Equity funds are a long-term play, when the market dips, don't sell. Buy more. That’s how real gains are made. So it's best to put capital you can leave for 5 - 10 years.

bluntjudge:
my two friends and i are planning to be saving certain of amount of money monthly into mutual funds for a long time. We want a structure similar to a joint account, where all three of us have access to the account and no one can withdraw funds without the others being aware. We would also like each person to set up an automatic monthly direct debit from their personal bank account into the investment account.

Please, is there any platform that currently offers this kind of setup, or what would anyone recommend as the best way to go about it?

Beeron:
At some point, there might arise an issue so pressing that one person will need the investment liquidated or some unforseen circumstances may arise.

Did you guys seek the counsel of a probate general lawyer in the case that one of you dies, who inherits the portion of the deceased or continues with the investment?

What is the end goal of this contribution and the sharing formula after all the accrued unaccounted compound interest?

This type of contribution only works best if all parties involved contribute within a specific period of time, pool money together to buy an expensive landed property in a highbrow area where property resale value doubles or triple in resale value.

When the time is right after the land has appreciated, Sell the landed property and everyone get their cut of the money.

Then each of you can decide how best to invest personal profit.

This is only my take and my opinion, NOT an advice.

Beeron:
At some point, there might arise an issue so pressing that one person will need the investment liquidated or some unforseen circumstances may arise.

Did you guys seek the counsel of a probate general lawyer in the case that one of you dies, who inherits the portion of the deceased or continues with the investment?

What is the end goal of this contribution and the sharing formula after all the accrued unaccounted compound interest?

This type of contribution only works best if all parties involved contribute within a specific period of time, pool money together to buy an expensive landed property in a highbrow area where property resale value doubles or triple in resale value.

When the time is right after the land has appreciated, Sell the landed property and everyone get their cut of the money.

Then each of you can decide how best to invest personal profit.

This is only my take and my opinion, NOT an advice.

bluntjudge:
what i am really interested in is how to arrange this in a way everyone has access to and can monitor the account

Beeron:
I would advice you seek the help of an Investment banker. This is part of their job description.

But In whatever decision you reach with your guys.

Please and please, Get a probate general involved.

E get why.

bluntjudge:
my two friends and i are planning to be saving certain of amount of money monthly into mutual funds for a long time. We want a structure similar to a joint account, where all three of us have access to the account and no one can withdraw funds without the others being aware. We would also like each person to set up an automatic monthly direct debit from their personal bank account into the investment account.

Please, is there any platform that currently offers this kind of setup, or what would anyone recommend as the best way to go about it?

bluntjudge:
do you have anyone you can recommend for me?

Beeron:
Contact Samson for complex money issues like this. He is known as the money Oracle. His investment firm (Zrosk) did the best percentage increase this year. Do your background check about him on YouTube or online.