₦airaland Forum

welzyj2:
Thanks.

They are yet to approve KYC

I guess probably b/c it's weekend. If by Tuesday, it's same will re-upload kyc docs

welzyj2:
no vex

We the loyal customers still dey with them

EquityM:
They should on Monday; if they don't, I will forward their email to you. Funding is instant, and withdrawal takes 2-9 hours to reflect in your account.

Creditalerts:
Make una dey una dey make I dey my dey make nobody worry nobody 🤣🤣🤣15.63 people

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.

Retro9090:
Thank you bro and thanks to everyone else for their input. I read all the comments and also did my research. Peace of mind is as much a factor for me as is interest. I have decided to stick with Stanbic.. I will be topping up monthly.

Batman2412:
I've been seeing trustbanc rate on cowreywise but I'm scared about something I read sometime ago wrt trustbanc closing account that doesn't have some certain kind of millions (I've forgotten the amount). Is it applicable to their mmf? Must I invest several millions at once with trustbanc mmf via cowrywise?

Iamblessed88:
I doubt it’s a backlog issue. Notice how all the high interest guys seem to have same issue while the lower interest guys credit your account automatically even on weekends? This reeks of correlation and causation factors

temi4fash:
First Ally is has not verified and upgrade me to tier 3. And so i dont know if moving in funds there is safe.

milliondollarma:
Please how do one confirm the current rate on norrenberger app before going ahead to invest?.

Batman2412:
I've been seeing trustbanc rate on cowreywise but I'm scared about something I read sometime ago wrt trustbanc closing account that doesn't have some certain kind of millions (I've forgotten the amount). Is it applicable to their mmf? Must I invest several millions at once with trustbanc mmf via cowrywise?

bassdow:
mayBe by the time they finally credit their dashboards, it would be at a different (probably lower) interest rate knowing fully well most wouldn't bother investigating; that's if there's enough clues to begin with

Preator:
I tested them for almost three months with just 20k before i was able to break Stanbic juju

bassdow:
use this https://dailyyieldapi.norrenberger.com/money-market

Iamblessed88:
I doubt it’s a backlog issue. Notice how all the high interest guys seem to have same issue while the lower interest guys credit your account automatically even on weekends? This reeks of correlation and causation factors

Making money without tears! is our goal at emmasoft investment education.

emmasoft:
@lamblessed88, there is no need to create unnecessary fear. Anywhere in the world MMF is a low risk investment irrespective of the fund manager. If there is backlog may be because of whateverreasons, it should not be interpreted to mean any other thing.

The rates are daily valued, the ones up today can be down tomorrow and vice versa, it's left for you as investor to make your decision base on your objective. For your information no one loses money in MMF irrespective of the fund manager and no manager can invest investors funds on anything other than TBills, CPs or bank placement.

When you hear SEC regulated it's more that just registering a name; it means serious monitoring that attracts penalty as high as losing license if there is any infraction. Don't think any fund manager operates on their own all of them are closely monitored.

The truth is that we have more than 20 fund managers under SEC regulation that are not popular here or some of us just got to know, this has nothing to do with the safety of your funds.

Please understand, no investor is investing in a fund manager as a Company rather an investor join funds with other investors to invest in TBills and CPs, using the fund manager's platform

If for example the platform collapses which is rear, SEC moves the investors to another platform without an investor losing a dim.

Just like an investor will not lose one single unit of shares if the stockbroker he/she used collapses, all shares will be intact and can be moved to another broker's platform.

I will advise us here read more on mutual funds and MMF in particular you will be well guided.

I have said it time without number, MMF is a low risk investment irrespective of the manager and there is a reason for that.

High rate or low rate at a particular point in time is not a measure of safety of your funds in MMF.

For example nobody who knows how these funds work will ever tell you equity fund is low risk because it's managed by a manager that is 50 years old in business. In equity fund, capital and returns are never guaranteed even if it's managed by the best fund manager neither will MMF be term to be high risk because it's managed by a new fund manager that may not be popular.

Here is where investment objective comes in as posted earlier. Let everyone invest according to their objective and don't try to explain what you are not familiar with.

It's good we have a thread like this where we learn but we should understand investment or MMF in particular is more than what you have on this thread.

This post is just for enlightenment. I mean o harm.

Making money without tears! is our goal at emmasoft investment education.

emmasoft:
@lamblessed88, there is no need to create unnecessary fear. Anywhere in the world MMF is a low risk investment irrespective of the fund manager. If there is backlog may be because of whatever reasons, it should not be interpreted to mean any other thing.

The rates are daily valued, the ones up today can be down tomorrow and vice versa, it's left for you as investor to make your decision base on your objective. For your information no one loses money in MMF irrespective of the fund manager and no manager can invest investors funds on anything other than TBills, CPs or bank placement.

When you hear SEC regulated it's more that just registering a name; it means serious monitoring that attracts penalty as high as losing license if there is any infraction. Don't think any fund manager operates on their own all of them are closely monitored.

The truth is that we have more than 20 fund managers under SEC regulation that are not popular here or some of us just got to know, this has nothing to do with the safety of your funds.

Please understand, no investor is investing in a fund manager as a Company rather an investor join funds with other investors to invest in TBills and CPs, using the fund manager's platform

If for example the platform collapses which is rear, SEC moves the investors to another platform without an investor losing a dim.

Just like an investor will not lose one single unit of shares if the stockbroker he/she used collapses, all shares will be intact and can be moved to another broker's platform.

I will advise us here read more on mutual funds and MMF in particular you will be well guided.

I have said it time without number, MMF is a low risk investment irrespective of the manager and there is a reason for that.

High rate or low rate at a particular point in time is not a measure of safety of your funds in MMF.

For example nobody who knows how these funds work will ever tell you equity fund is low risk because it's managed by a manager that is 50 years old in business. In equity fund, capital and returns are never guaranteed even if it's managed by the best fund manager neither will MMF be term to be high risk because it's managed by a new fund manager that may not be popular.

Here is where investment objective comes in as posted earlier. Let everyone invest according to their objective and don't try to explain what you are not familiar with.

It's good we have a thread like this where we learn but we should understand investment or MMF in particular is more than what you have on this thread.

This post is just for enlightenment. I mean o harm.

Making money without tears! is our goal at emmasoft investment education.

emmasoft:
The truth is that we have more than 20 fund managers under SEC regulation that are not popular here or some of us just got to know, this has nothing to do with the safety of your funds.

Please understand, no investor is investing in a fund manager as a Company rather an investor join funds with other investors to invest in TBills and CPs, using the fund manager's platform

If for example the platform collapses which is rear, SEC moves the investors to another platform without an investor losing a dim.

Just like an investor will not lose one single unit of shares if the stockbroker he/she used collapses, all shares will be intact and can be moved to another broker's platform.

I will advise us here read more on mutual funds and MMF in particular you will be well guided.

I have said it time without number, MMF is a low risk investment irrespective of the manager and there is a reason for that.

Iamblessed88:
I doubt it’s a backlog issue. Notice how all the high interest guys seem to have same issue while the lower interest guys credit your account automatically even on weekends? This reeks of correlation and causation factors

Harddiskng:
Thank you for always educating us.

****************************************

Father deal with every juju practitioner that wants me to settle for low MMF rate year! If they don’t desist break their blue shield logo and disgrace them by fire

Creditalerts:
You mean 15.63 juju

Harddiskng:
Thank you for always educating us.

****************************************

Father deal with every juju practitioner that wants me to settle for low MMF rate year! If they don’t desist break their blue shield logo and disgrace them by fire

Preator:
Their jazz was strong o. Even till now, i never move finish but at least they are no longer holding me hosta.ge like before.

Preator:
Their jazz was strong o. Even till now, i never move finish but at least they are no longer holding me hosta.ge like before.

Batman2412:
Wetin we for ucap go come talk with 5.12%? This one voodoo and juju strong pass but God pass them

Harddiskng:
Thank you for always educating us.

****************************************

Father deal with every juju practitioner that wants me to settle for low MMF rate year! If they don’t desist break their blue shield logo and disgrace them by fire

welzyj2:
Nawa ooo...campaign against stanbic everywhere

emmasoft:
@lamblessed88, there is no need to create unnecessary fear. Anywhere in the world MMF is a low risk investment irrespective of the fund manager. If there is backlog may be because of whatever reasons, it should not be interpreted to mean any other thing.

The rates are daily valued, the ones up today can be down tomorrow and vice versa, it's left for you as investor to make your decision base on your objective. For your information no one loses money in MMF irrespective of the fund manager and no manager can invest investors funds on anything other than TBills, CPs or bank placement.

When you hear SEC regulated it's more that just registering a name; it means serious monitoring that attracts penalty as high as losing license if there is any infraction. Don't think any fund manager operates on their own all of them are closely monitored.

The truth is that we have more than 20 fund managers under SEC regulation that are not popular here or some of us just got to know, this has nothing to do with the safety of your funds.

Please understand, no investor is investing in a fund manager as a Company rather an investor join funds with other investors to invest in TBills and CPs, using the fund manager's platform

If for example the platform collapses which is rear, SEC moves the investors to another platform without an investor losing a dim.

Just like an investor will not lose one single unit of shares if the stockbroker he/she used collapses, all shares will be intact and can be moved to another broker's platform.

I will advise us here read more on mutual funds and MMF in particular you will be well guided.

I have said it time without number, MMF is a low risk investment irrespective of the manager and there is a reason for that.

High rate or low rate at a particular point in time is not a measure of safety of your funds in MMF.

For example nobody who knows how these funds work will ever tell you equity fund is low risk because it's managed by a manager that is 50 years old in business. In equity fund, capital and returns are never guaranteed even if it's managed by the best fund manager neither will MMF be term to be high risk because it's managed by a new fund manager that may not be popular.

Here is where investment objective comes in as posted earlier. Let everyone invest according to their objective and don't try to explain what you are not familiar with.

It's good we have a thread like this where we learn but we should understand investment or MMF in particular is more than what you have on this thread.

This post is just for enlightenment. I mean o harm.

Making money without tears! is our goal at emmasoft investment education.