₦airaland Forum

Creditalerts:
Equity this, equity that😂 pls check the risk of cardiac arrest is real o 🏃🏃🏃🏃

EquityM:
In October, I withdrew all my money from the equity fund because it dropped so much. Had I been patient, I would be smiling with half a million naira as at today. Investing in an equity fund is a risk, I concur, and I am willing to take the risk.

EquityM:
In October, I withdrew all my money from the equity fund because it dropped so much. Had I been patient, I would be smiling with half a million naira as at today. Investing in an equity fund is a risk, I concur, and I am willing to take the risk.

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.

Iamblessed88:
500k? Well i make that already in about 10 days on my MMF. Not worth the risk for me

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

emmasoft:
I just posted how to clear your doubt about a fund manager. By the way First Ally may be new here that doesn't actually make it new.
As an investor you are required to do your unbiased due diligence and go with what you are comfortable with.
As old as stanbic, some folks got to know about them on this thread.
Apart from rate, investors have other reasons they go with a particular fund manager it depends on priority and not trial and error kind of approach.

Read some pages backward from this current page you will get some things clearer.

I come in peace!

Iamblessed88:
500k? Well, I make that already in about 10 days on my MMF. Not worth the risk for me

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/register?referral=4GJ0I3Q21G or reach out to me.

EquityM:
500k in 10 days; Equity can pay that in 2days, depends on how healthy your funds are. Nevertheless, you can also lose it all in 5 days if the market deteriorates. As you stated, it is risky. However, some fund managers are good at research; it is unlikely to lose a huge sum of money except if Nigeria's economy goes south.

jfub:
Please, when I withdraw (I do withdrawals monthly) from my money market investment will it be taxed based on the new tax law commencing in January 2026 even if I am not withdrawing up to 800,000 Naira?

bassdow:
for those of us without apps, just go to https://blunest.stanbicibtcassetmanagement.com/explore/mutual-funds/ via your web broowser and you would see the rates.


To confirm the rates, just do the calculation for the day and watch out what would be creditied to your dashboard by 12am or latest 12:30am

Beeron:
Exactly, Just invest in one high paying yield MMF this month on cowrywise and if by next month, that MMF yield drops, pull out your money and invest in another high paying mmf in the same cowrywise.

You don't need signing up for multiple MMF outside of cowrywise and all aggregated MMF on cowrywise are all SEC Approved.

And cowrywise doesn't have 30-days money hold policy before withdrawal, this is why it will be smart to trade MMF like stock on cowrywise, shop for the best deal.

Beeron:
Not Nigeria economy but the underlying companies bought by your stock manager.

Nigeria only affects "All share index" when the government policies are unfavourably like in the case of two months ago CGT 30% miscommunication. The market suddenly crashed in two days because two things the market hates are noise and sentiments over government policies.

What made the crash hit hard is because, foreign and institutional investors withdrew their money due to lack of clarity on Tax, it only took the Finance Minister Wale Edun to restore calmness in the market.

Now in such scenario, that's where the volitility and risk of your investment lies in even if all companies your stock manager picked were great— Imagine you were 500k up in gains but it reduces suddenly to 100k and even begin to eat deep into your capital and never fully recovers because since then till now some stocks has fully recovered.

Beeron:
lol some people really don't care or bother themself with how much they getting daily.

If you notice, the question they usually ask here is: "If I invest ### amount, how much will I be getting at the end of the month."

The average joe out there is concerned with end of the month gains. Only technical people like you track daily returns.

Beeron:
lol some people really don't care or bother themself with how much they getting daily.

If you notice, the question they usually ask here is: "If I invest ### amount, how much will I be getting at the end of the month."

The average joe out there is concerned with end of the month gains. Only technical people like you track daily returns.

bharkarh:
I honestly don’t know why people are loyal to one brand. This is what I’ve been doing with cowry wise. Just go with the one with highest rate.

EquityM:
I get it. I'm interested in growth, so I will be sticking with it and MMF for stability and an escape route. CardinalStone equity at the moment is really doing well, as they heavily research their equity portfolio. I just hope the new tax law will be fair to investors.

bassdow:
Are you aware a lot of people are using MMF in place of Ponzi scheme. There are people who could have 1 million naira in MMF, but struggle to have up to 50,000 naira in their saving bank account. In fact if not for everyday expenses, they would have got nothing in their savings bank account.

And there seem to be lots of competitors nowadays with lots of misInformations flying about. People need know VERY LOW RISK !== NO RISK

There even are those looking for what pays higher than MMF even while on the platform.

Iamblessed88:
Every fund manager does well in a bullish market. I hope your case does not become like someone here who wrote an album titled the iniquities of equity.

bharkarh:
I honestly don’t know why people are loyal to one brand. This is what I’ve been doing with cowry wise. Just go with the one with highest rate.

bharkarh:
that’s not a Ponzi if I must say. Why should I keep my money in the bank when there is a MMF? Just think about it.

You think your money is also safe at the bank? Lol

Iamblessed88:
Every fund manager does well in a bullish market. I hope your case does not become like someone here who wrote an album titled the iniquities of equity.

bharkarh:
I honestly don’t know why people are loyal to one brand. This is what I’ve been doing with cowry wise. Just go with the one with highest rate.

EquityM:
I get it. I'm interested in growth, so I will be sticking with it and MMF for stability and an escape route. CardinalStone equity at the moment is really doing well, as they heavily research their equity portfolio. I just hope the new tax law will be fair to investors.

Beeron:
chief, I have said it before and I will say it again.

I salute you, I doff my hat for you.

You are the realest investor I see here.

"...Not because of your risk but because of your COURAGE." That's how Warren Buffett puts it.

Keep the dice rolling bro.

EquityM:
Cheers, bro. I'll contact you in case I wanna buy a growing stock.

Beeron:
The issue of brand is deeply rooted in the structure of communication and vested interest of some people here on Nairaland.

Due to referral code benefits, they shove a particular brand down your throat here making the brand look all shiny and glossy.

This makes the beginner investors coming here for information thinks Stanbic is the best and will always be the best. It creates a bias and cognitive dissonance to other brands

It will only take time for you to have a second thought like "wait, how come I hear only Stanbic more often here than other MMF managers."

Stanbic low rates is beginning to challenge their previous knowledge, that's why most of them suddenly realize, "oh wait, there are others too offering good returns — I will move 50% out of Stanbic."

EquityM:
Not all fund managers; I am also trading the Quantum Zenith equity fund, and it has been chaotic. Thank God I only have 11,000 naira there. CardinalStone going from 36% YTD to 56.20% YTD in just two months is amazing.

Iamblessed88:
Then what will you say about guys like Halo equity fund that have done circa 170% YTD and Magna carter fund that has done circa 80%? Stanbic also has done circa 63% YTD on their equity fund. Cardinal stone is even lagging behind

bassdow:
A woman who is in your Life solely because of your wealth would be gone the moment that wealth is no more BUT if there are other reasons She's in your life for, She rarely would leave that easily or at all.