₦airaland Forum

Alaska90:
Which fixed income are you investing in now?

Beeron:
Mr EquityM no go let them rest, you must preach this equity gospel.

Fire on pastor, Tell them lol 😂

EquityM:
Bro, I'll wire you something if I get a dividend.

Beeron:
Tithe and offering lol

I actually invest in Equity too and I have been getting those gains too sir.

bassdow:
you ought be asking to see evidence and history, not this one you saying

Creditalerts:
MMF slow and steady wins the race

😂😂😂😂✌🏾

Retro9090:
Stanbic MMF at 15.63% is not encouraging at all. I currently have 176M naira in it. I am contemplating moving to a different asset manager.

Iamblessed88:
You mean you can sleep and eat all day and still outearn someone that battles with traffic and wakes 5am each day of the month without lifting a finger
Congrats and keep pushing. If you can, keep topping up every month and you will reach billionaire status in a few years.

Also, stay put and ignore daily rates here. Most of the fund managers end up with around same YTD December performance.

This is just me but personally i wouldn’t risk such an amount with a Fund Manager that’s being around for just 5 years versus one that’s been around for 30 + years although folks here seem to think the risk is all same as long as they are all SEC regulated.

Some of these guys dont update daily gains till after a while. Makes you wonder if theirs is MMF or MMM like bassdow said

EquityM:
Stanbic won't treat him as a VIP investor; Norrenberger and CardinalStone have VIP investors with 100m as minimum capital. He will make thrice the money he's currently making. Once I reach 100m, I will upgrade to the VIP section of CardinalStone.

Iamblessed88:
What are the benefits of VIP section of cardinal stone?

Retro9090:
Stanbic MMF at 15.63% is not encouraging at all. I currently have 176M naira in it. I am contemplating moving to a different asset manager.

EquityM:
The little dip you see comes from market sluggishness and my top-up. I advise you to top up once a month to avoid system backlog and a few glitches.

Harddiskng:
.

Move to a well vetted competitor.

At that amount like someone rightfully said, you would be a VIP with likes of CardinalStone. Why should you stay for even 1% less interest (which is a lot with your kind of capital) and still have to deal with operational inefficiencies and no zero value add or status that should with having such a capital.

At that amount, if you tell your operator “Jump”; the only question they should ask you is “how high?”; right now Stanbic doesn’t know you exist talk less of hearing you speak. Iike i said even 1% difference is a lot, I’d advice you move. Stanbic is getting too mediocre in every aspect.

Retro9090:
Stanbic MMF at 15.63% is not encouraging at all. I currently have 176M naira in it. I am contemplating moving to a different asset manager.

Harddiskng:
This is your Equity Mutual Fund with CardinalStone, yeah?

What is the total percentage gain on your entire portfolio currently (%)? Any month it beats the percentage gain on my portfolio (I’m trading stocks by myself), I will open an account.

EquityM:
I only started investing heavily last year in December.

Creditalerts:
exactly my thought, I think he is a lazy investor to me every percent count he don't know what he is loosing 🤣🤣🤣

Preator:
A capitalist must always squeeze out the highest return from every resource available. To do otherwise is illogical. I stayed with stanbic same way for a while until i computed what i was loosing with the differentials.

I moved to cowrywise last week after moving the funds in bits and losing some daily returns in the process due to bank's transfer limit.

But those loses are recovered. ( I placed a staggered withdrawal in 50m tranches) GT allows 25m max a day.

Once the money drops, i move 25m immediately, then wait till 12.01am and move another 25m. Note that the second 25 also earns a return by 6am same day on Cowrywise.

Trustbanc offers me 19.62 today. Its not static but it has been consistently 3% above stanbic. I do have some funds left in stanbic, but the bulk of my funds are working to the fullest.

If u want to move, place withdrawals (50m each) on monday, wednesday and friday. They should drop by next monday, Wednesday and friday latest. Do the same day and midnite move to ensure u dnt lose returns. Its slow, it's time consuming, it's laborious but money comes from labour.

See screenshot below. Stanbic is 15.63 today, TB is 19.62. i have assumed 18.63 sim if the rate difference stays at just 3%. Even if TB goes low, there are other options on Cowrywise u can move to monthly. People will say its stress, but that's how money is made.

EquityM:
TrustBanc proved me wrong; I'm currently investing with them directly. They do send me my statement portfolio every Sunday.

Preator:
Positively or negatively?

I do them via cowrywise though.

emmasoft:
THE PLACE OF INVESTMENT OBJECTIVE IN INVESTING

The importance of having a clear investment objective before setting out to invest cannot be overemphasized.

From questions and discussions here, it is evident that many people venture into investments without a
well-defined objective. This often leads to @emmasoft happy new year please are you still using same number end with 94 ? onfusion, unnecessary risk, and poor decisions.

Why is an Investment Objective Important?

Guides your choice of investment instruments
With a clear objective, you know exactly what to invest in and are less likely to follow hype or the crowd.

Determines your investment duration
Your objective helps you decide how long to stay in an investment—short, medium, or long term.

Helps define acceptable returns
It determines the rate of return you are comfortable with and the kind of advice you should seek.

Guides entry and exit decisions
Your objective helps you know when to move in, scale up, hold on, or exit an investment window.

Works hand-in-hand with risk tolerance
Apart from risk tolerance, your objective is one of the most important factors in investment decisions.
With the right objective, you understand:

- The level of risk you can tolerate

- The reason for choosing a particular operator or product

- Why you should look beyond just interest rates and take a holistic view of the investment

Determines fund management structure
Your objective will guide you on how many fund managers to engage and how to diversify your investments.

In many cases, your investment objective ultimately determines your investment choices and your returns.

I strongly advise everyone here to clearly define their investment objective, ie, the reason for investing.
It will guide you every step of the way.

Please note: MMF and investments in general are not ends in themselves; they are means to an end.
We invest for a purpose.

Happy investing.

Making money without tears is our goal!

EquityM:
TrustBanc proved me wrong; I'm currently investing with them directly. They do send me my statement portfolio every Sunday.

Preator:
A capitalist must always squeeze out the highest return from every resource available. To do otherwise is illogical. I stayed with stanbic same way for a while until i computed what i was loosing with the differentials.

I moved to cowrywise last week after moving the funds in bits and losing some daily returns in the process due to bank's transfer limit.

But those loses are recovered. ( I placed a staggered withdrawal in 50m tranches) GT allows 25m max a day.

Once the money drops, i move 25m immediately, then wait till 12.01am and move another 25m. Note that the second 25 also earns a return by 6am same day on Cowrywise.

Trustbanc offers me 19.62 today. Its not static but it has been consistently 3% above stanbic. I do have some funds left in stanbic, but the bulk of my funds are working to the fullest.

If u want to move, place withdrawals (50m each) on monday, wednesday and friday. They should drop by next monday, Wednesday and friday latest. Do the same day and midnite move to ensure u dnt lose returns. Its slow, it's time consuming, it's laborious but money comes from labour.

See screenshot below. Stanbic is 15.63 today, TB is 19.62. i have assumed 18.63 sim if the rate difference stays at just 3%. Even if TB goes low, there are other options on Cowrywise u can move to monthly. People will say its stress, but that's how money is made.

Iamblessed88:
Do they have an app you can monitor daily returns?

EquityM:
They do have it; unfortunately, I can't register, as OTP will be forwarded to my Nigerian number. They do, however, update their daily rate on LinkedIn.

Iamblessed88:
Which app did you use for this comparison?

EquityM:
Bro, you be ChatGPT 4.0.