₦airaland Forum

bassdow:
you either MENTION no NAME at all or You MENTION all NAMEs else na advert we go talk say you dey do.

Which one be say "I don't want to disCredit any fund mananger" YET you went ahead to CreDit some fund managers abi what are you not...

Donbrig:
This is exactly what I was trying to explain to a very wealthy friend, some fund managers are like our politicians, what you get is different from what they promised during elections.

The rates of some fund managers does not always correlate with what they often pay into your account, I don't want to discredit any fund manager...

Trustbanc and Norrenberger fund managers are the best at the moment, e get why... It is not just about their competitive rates, you get exactly what you are supposed to get or according to their daily accrued interest.

VeeInsider:
FirstAlly here and there. The many mentions sound strange.

Just sharing my observation.

Preator:
It may be nice to move the funds b4 the close of the year.

However, only income( earned via sales of goods, chargeable assets or rendering services are taxed). So your movement of fund is not taxable. It may however be questioned if sizeable. You Will need to prove it is not a taxable income ( mmf returns have already suffered 10% wht deducted at source by your fund manager).

TL:DR: move before year end to avoid explanations but it is not taxable

emmasoft:
There is nothing strange about them. This is the time folks here just discovered them, and it's good to have variety. They are SEC-regulated asset management company.
I posted here how to check for a genuine Asset management company registered with the SEC. Use the code as described; that is how to confirm a SEC-regulated company, not by popularity or otherwise.

VeeInsider:
A new account constantly posting about a company is definitely suspicious.

This is just my own observation. If it turns out they're a good platform and better than Stanbic and Norrenberger, then I'd definitely try them out.

Oyibopepe2000:
So in order words. Does it mean that if I withdraw my mmf capital from any of the fund managers app say firstAlly into my bank account it won't be taxed?
Pls I need an urgent reply anyone. Thanks

EduC:
I complained about Stanbic IBTC MMF rate to my Relationship Manager yesterday and he promised that they would do something about it. I told him that many investors are ready and pushing to dump them.

I just checked now and it's jumped to 17.02%. I was wondering if we needed to complain before the right thing is done. Let's hope this is sustainable.

Thanks

VeeInsider:
A new account constantly posting about a company is definitely suspicious.

This is just my own observation. If it turns out they're a good platform and better than Stanbic and Norrenberger, then I'd definitely try them out.

Preator:
Yes, it wont be taxed

EduC:
I complained about Stanbic IBTC MMF rate to my Relationship Manager yesterday and he promised that they would do something about it. I told him that many investors are ready and pushing to dump them.

I just checked now and it's jumped to 17.02%. I was wondering if we needed to complain before the right thing is done. Let's hope this is sustainable.

Thanks

rukyboy:
How do you check pls.
.I'm unable to find where the percentage is stated on my dashboard

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.

temi4fash:
I


What js your referral code for My investar app.. Lost where you wrote it and it making me pend my registration

rukyboy:
How do you check pls.
.I'm unable to find where the percentage is stated on my dashboard

emmasoft:
SA-Emma
You can also check page 420 it's there in my post on how to register for different Fund managers

temi4fash:
I didn't see your email in box o

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

Arizona86:
Move your funds to the Stanbic IBTC Nigerian Equity fund, this year alone it has done over 63% YTD. Read about the history and past performance of the fund.

bassdow:
you either MENTION no NAME at all or You MENTION all NAMEs else na advert we go talk say you dey do.

Which one be say "I don't want to disCredit any fund mananger" YET you went ahead to CreDit some fund managers abi what are you not...

Donbrig:
All the fund managers are doing well, just that I trust the integrity of some fund managers more than some... I will always go with Norrenberger and TrustBanc anytime, anyday...

Stanbic fund managers for example, they had to wait for investors to complain about the low rate before they increased rate. We know that the main aim of all fund managers is to make huge profits, but some fund managers are more transparent than some...

Stanbic ibtc had made far more than the 15%-16% they were giving investors for weeks, with over 2 trillion under their management, now imagine how many billions they have made by reducing rates with almost 3+% for weeks.

But some fund managers won't be too greedy to short-change investors like that...

I am happy we now have so many fund managers in the industry and the competition is tensed, unlike few years ago when we had very few players in the industry.

The job of SEC is to ensure investors don't lose their capital and mandate fund managers to invest in their various certified instruments, however, SEC cannot prevent fund managers from short-changing investors, because that is another ball game entirely, if you know you know..

Arizona86:
Move your funds to the Stanbic IBTC Nigerian Equity fund, this year alone it has done over 63% YTD. Read about the history and past performance of the fund.

playces:
Did you put money there?

I invested some funds in equity fund with stanbic ibtc.

Over months now, it hasn't appreciated. Infact what's there is below my capital. Historical facts is not an indicator of present or future performance.

Don't be deceived by 63% yield. Nah him my capital no still complete. Abeg

playces:
Did you put money there?

I invested some funds in an equity fund with stanbic ibtc.

Over months now, it hasn't appreciated. Infact what's there is below my capital. Historical facts is not an indicator of present or future performance.

Don't be deceived by 63% yield. Nah him my capital no still complete. Abeg

EquityM:
You can try the CardinalStone Equity fund; I've made more than my MMF; however, the market is volatile and unstable.

Iamblessed88:
How do you open an account?