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Mutual Funds - Investment (438) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1537557 Views)

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Re: Mutual Funds by emmasoft(m): 8:46pm On Jan 08
Alaska90:
Please which one is better for MMF between First Ally and Norrenberger considering rate and easy use of access app?
Go for the two to enjoy both worlds.
First Ally app is tilted towards Gen zee.
I use web portal with Norrenberger but the rate is great.
Re: Mutual Funds by Creditalerts: 8:48pm On Jan 08
Alaska90:
Please can anybody answer this question? emmasoft please can you give your opinion on this?
Rate is Norrenberger but for swift withdrawal and daily accrued interest top up I give it to FirstAlly but both are good
Re: Mutual Funds by Alaska90(m): 9:16pm On Jan 08
Creditalerts:
Rate is Norrenberger but for swift withdrawal and daily accrued interest top up I give it to FirstAlly but both are good
OK Thanks
Re: Mutual Funds by Nobody: 9:29pm On Jan 08
CardinalStone is doing well for now; despite the market being sluggish this week, I'm still making gains. Nevertheless, the decision is in your hand.

Rico1278:
So which one will you recommend
Re: Mutual Funds by emmasoft(m): 9:37pm On Jan 08
temi4fash:
I


What js your referral code for My investar app.. Lost where you wrote it and it making me pend my registration
SA-Emma also check page 420 it's there. Just being careful of the bot before i chop ban
Re: Mutual Funds by Beeron: 9:56pm On Jan 08
Donbrig:
CBN increased treasury bill rates yesterday, but Stanbi ibtc is reducing their rates, 15.49% at the moment, I have always thought treasury bill is the main underlying asset for mutual fund.
it's called money market fund sir.

Not Treasury bill mutual fund. A lot happens In the money market that you don't know or see. All you see is the daily returns.

Tbills raise for one month doesn't mean anything to MMF rate if the increment isn't constant for atleast one quarter.

MMF Fund managers usually still have TBILL bought at old rate price, how will they suddenly dump all that to quick buy into this new rate to enable you begin to earn higher returns so fast?
Re: Mutual Funds by petomas(m): 3:38am On Jan 09
Creditalerts:
call customer care it will be resolved asap I was once a victim of same issue
Thank you for the swift response sir. Which of their numbers did you called and they resolved same issue for you pls?
Re: Mutual Funds by temi4fash(m): 8:40am On Jan 09
emmasoft:
SA-Emma also check page 420 it's there. Just being careful of the bot before i chop ban
I already used it but they have not upgraded my profile.
Re: Mutual Funds by IamtheDef: 8:49am On Jan 09
Good morning wonderful people, please can anyone confirm the max withdrawal limit for Stanbic. i always assumed the web portal allowed 5million and 1million for the app. i tried withdrawing and was unable to do above 1million on the web portal.

Do i have to visit a physical branch to use the withdrawal form?
Re: Mutual Funds by emmasoft(m): 8:59am On Jan 09
IamtheDef:
Good morning wonderful people, please can anyone confirm the max withdrawal limit for Stanbic. i always assumed the web portal allowed 5million and 1million for the app. i tried withdrawing and was unable to do above 1million on the web portal.

Do i have to visit a physical branch to use the withdrawal form?
You can increase the limit to 5m. If you want more than that, request for redemption form, complete and send back to them.
You don't need to be in the physical office for anything except if it's the most convenient for you.
Re: Mutual Funds by emmasoft(m):
temi4fash:
I already used it but they have not upgraded my profile.
It will be upgraded, just upload all the necessary kyc documents. It will be done or you can reach out to me so that I can get some details to enable the team check up at the backend.

Thank you for the patronage. It's appreciated and not taken for granted.
Re: Mutual Funds by IamtheDef: 9:39am On Jan 09
emmasoft:
You can increase the limit to 5m. If you want more than that, request for redemption form, complete and send back to them.
You don't need to be in the physical office for anything except if it's the most convenient for you.
Thank you very much sir
Re: Mutual Funds by rukyboy(m): 12:30pm On Jan 09
I credited my wallet on Stanbic bluenest since 4am and it hasn't reflected till now.

Anyone else experiencing that?
Re: Mutual Funds by petomas(m): 1:01pm On Jan 09
Creditalerts:
call customer care it will be resolved asap I was once a victim of same issue
I did exactly as you advised and it worked like magic. God bless you
Re: Mutual Funds by Nobody: 1:39pm On Jan 09
rukyboy:
I credited my wallet on Stanbic bluenest since 4am and it hasn't reflected till now.

Anyone else experiencing that?
Will be updated by COB
Re: Mutual Funds by bassdow: 1:56pm On Jan 09
rukyboy:
I credited my wallet on Stanbic bluenest since 4am and it hasn't reflected till now.

Anyone else experiencing that?
wait till end of the day especially around midNight so long it's on business day, it would reflect
Re: Mutual Funds by Creditalerts: 1:58pm On Jan 09
petomas:
I did exactly as you advised and it worked like magic. God bless you
Amen🙏🏿
Re: Mutual Funds by rukyboy(m): 2:45pm On Jan 09
Iamblessed88:
Will be updated by COB
Ok

It usually reflects in 30 mins.

This is the first time I'm witnessing this
Re: Mutual Funds by ogoo4real: 3:50pm On Jan 09
Only 1 day interest @17.69% reflected today @Norrenberger which is for 1/1/26. How comehuh
Re: Mutual Funds by emmasoft(m): 4:10pm On Jan 09
ogoo4real:
Only 1 day interest @17.69% reflected today @Norrenberger which is for 1/1/26. How comehuh
Don't worry, everything will be normalised. They are working on all funds to catch up to speed. No single interest will be lost from day one to date.

The posting will be done for all the arrears.
Re: Mutual Funds by emmasoft(m): 4:15pm On Jan 09
Let your money earn while you rest
Whether MMF, Fixed income, or faith-based funds, everyone earns at Norrenberger Mutual Funds.

Don't be left behind. Click the second link on my signature to open an account for all the products.

Remember Norrenberger will not ask for cash to open an account.

Happy investing.

Making money without tears is our goal!

Re: Mutual Funds by rukyboy(m): 4:42pm On Jan 09
petomas:
I did exactly as you advised and it worked like magic. God bless you
Kindly drop their customer care number pls
Re: Mutual Funds by Nobody: 6:43pm On Jan 09
Equity mission accomplished this week. Baba God, I thank you.

Re: Mutual Funds by Harddiskng(m): 7:06pm On Jan 09
EquityM:
Equity mission accomplished this week. Baba God, I thank you.
Stanbic just dull my steeze.

Dropped the ball on strategic buys. I would have consolidated my profit position madly if they just did their jobs.

I am real mad right now, I should be able to sue stanbic brokers for something like this angry
Re: Mutual Funds by Nobody: 7:22pm On Jan 09
As a newbie, I prefer equity, as trading stocks personally is challenging. You should have another broker as a backup.

Harddiskng:
Stanbic just dull my steeze.

Dropped the ball on strategic buys. I would have consolidated my profit position madly if they just did their jobs.

I am real mad right now, I should be able to sue stanbic brokers for something like this angry

Re: Mutual Funds by ogawisdom(m): 7:22pm On Jan 09
Please how do I get daily secondary market FG bond rates.

Cc emmasoft
Re: Mutual Funds by ogawisdom(m): 7:27pm On Jan 09
emmasoft:
You can increase the limit to 5m. If you want more than that, request for redemption form, complete and send back to them.
You don't need to be in the physical office for anything except if it's the most convenient for you.
Please how do I get daily secondary market FGN bond rates.
Re: Mutual Funds by emmasoft(m): 8:32pm On Jan 09
ogawisdom:
Please how do I get daily secondary market FG bond rates.

Cc emmasoft
You can get information from your stockbroking firm, FMDQ, DMO, etc, or even your bank. I don't actually follow Bonds, not my way. I prefer fixed fixed-income fund instead.
Re: Mutual Funds by emmasoft(m):
EquityM:
As a newbie, I prefer equity, as trading stocks personally is challenging. You should have another broker as a backup.
If you want to enjoy stock investment as a beginner, start with a long-term view, you can take profit once in a while when you make serious gains. Investing in stocks is more of a long-term approach, trading is a short-term approach, and you require more than guesswork or others' predictions; you will need to give it the time it takes, otherwise it will look like gambling.

For investors, most of them buy for dividends and use the Naira cost average to get their target quantities of a particular stock they believe has the fundamentals that support their status. An equity fund is good, but for me, investing in individual, good, fundamentally sound, and dividend-paying stocks is better - three ways to benefit from stock investing: capital appreciation, dividend, and bonus If you buy good stocks, at the worst you will have one of the benefits on the other hand, on a very good year you can have the three benefits for example Vitafoam. Already at 90+ from 70+ last year, proposing a dividend of N3 and a bonus of 1:5 for the year ended 30th Sept. 2025

You can open a stock account with Investment One by clicking the third link in my signature.
Re: Mutual Funds by Blacklaurel: 9:13pm On Jan 09
I haven't received stanbic MMF payout for 4th quarter, does it usually take this long?
Re: Mutual Funds by Nobody: 10:20pm On Jan 09
Okay, boss. I'll look into it.

emmasoft:
If you want to enjoy stock investment as a beginner, start with a long-term view, you can take profit once in a while when you make serious gains. Investing in stocks is more of a long-term approach, trading is a short-term approach, and you require more than guesswork or others' predictions; you will need to give it the time it takes, otherwise it will look like gambling.

For investors, most of them buy for dividends and use the Naira cost average to get their target quantities of a particular stock they believe has the fundamentals that support their status. An equity fund is good, but for me, investing in individual, good, fundamentally sound, and dividend-paying stocks is better - three ways to benefit from stock investing: capital appreciation, dividend, and bonus If you buy good stocks, at the worst you will have one of the benefits on the other hand, on a very good year you can have the three benefits for example Vitafoam. Already at 90+ from 70+ last year, proposing a dividend of N3 and a bonus of 1:5 for the year ended 30th Sept. 2025

You can open a stock account with Investment One by clicking the third link in my signature.
Re: Mutual Funds by Danyl(m): 10:59pm On Jan 09
I just applied for FBN Quest and senf in some funds to put something on the MMF going for 4 days and I kept receiving the same canned message from FBN quest:

Compliments of the season!

This is to acknowledge your email and evidence of payment.

Please be informed that your funds will be booked accordingly upon confirmation.

Thank you for choosing First Asset Management

Kind Regards,

Please has anyone experienced tbis before?
I paid into the CITI Bank account but this canned message is making it look like scam already.
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