₦airaland Forum

Creditalerts:
Nobody is campaigning against them we are complaining about 15.63 MMF rate MY OPINION;Too many subscribers dey make rate dey drop make stanbic people dey dia dey o biko 😒 🤣🤣🤣

I understand sha

Preator:
In this instance, correlation is not causation. Trustbanc and meristem pays daily via cowrywise. Never missed a day. In fact, if i deposit before 3am, the money go earn interest by 6am ish dt same day

Bro this is a redflag. Why is cowry updating your interest when the actual FM is still dealing with backlog? Is this cowry SEC registered? Have you verified with TrustBanc that they actually recognize your investment with them?

I’d advise you to deal with any FM directly and cut out the middle man.

Also, the real definition of a risk free asset is an asset backed by the taxation power of a developed nation e.g USA or Europe. Coincidentally, these also have the lowest rates. You’d be hard pressed to find rates above 5-8% in developed countries. I said that to say low rates are usually indicative of a high quality risk free asset.

While it’s true that market risk is same across FMs, let’s not pretend that each firm does not carry its own unique risk e.g Internal Control, etc. Yes they may be SEC accredited but do they have any external validation? Stanbic is about the only one that has a AAA rating by Augusto.

Lastly, rate hopping is for people looking to accumulate capital. By your posts, you’re way passed that and infact i think you’re in financial freedom territory already. Why stick out your capital for an extra 3% that wont get you more than circa 2-3m in the grand scheme of things. Your focus should be on consistent monthly contributions over the next 3 to 5 years.

It’s not always illogical to ignore the highest rates as you alluded to in your previous post.

Iamblessed88:
Bro this is a redflag. Why is cowry updating your interest when the actual FM is still dealing with backlog? Is this cowry SEC registered? Have you verified with TrustBanc that they actually recognize your investment with them?

I’d advise you to deal with any FM directly and cut out the middle man.

Also, the real definition of a risk free asset is an asset backed by the taxation power of a developed nation e.g USA or Europe. Coincidentally, these also have the lowest rates. You’d be hard pressed to find rates above 5-8% in developed countries. I said that to say low rates are usually indicative of a high quality risk free asset.

While it’s true that market risk is same across FMs, let’s not pretend that each firm does not carry its own unique risk e.g Internal Control, etc. Yes they may be SEC accredited but do they have any external validation? Stanbic is about the only one that has a AAA rating by Augusto.

Lastly, rate hopping is for people looking to accumulate capital. By your posts, you’re way passed that and infact i think you’re in financial freedom territory already. Why stick out your capital for an extra 3% that wont get you more than circa 2-3m in the grand scheme of things. Your focus should be on consistent monthly contributions over the next 3 to 5 years.

It’s not always illogical to ignore the highest rates as you alluded to in your previous post.

Your money market is like stock. For example i trade US stocks via bamboo. So what happens to my holdings if bamboo collapses?

A few years back i did some research into that and found out that nothing happens. I simply log on to Drivewealth LLC in US and move on. The stock doesnt get lost until the company's stock i bought from collapses. So if i have Pepsico stock via bamboo, unless pepsico collapses, i am fine.

In this case, Cowrywise, Stanbic, Trustbanc etc are like bamboo. The underlying assets are commercial papers and government securities. As long as Cowrywise executes my instructions to buy those underlying assets, along with funds from other investors, we are safe. We only lose money when government defaults. And that will affect stanbic too.

By the way, its risks and rewards. Also, knowing what i know as a Finance person. augusto rating shouldnt give you any comfort. If u have the time compare ratings by GCR,datapro and Augusto vs those done by standards and Poors or , fitch or moody. U will see a trend.

Una know book for here. Una school fees no waste. Kudos

Preator:
Your money market is like stock. For example i trade US stocks via bamboo. So what happens to my holdings if bamboo collapses?

A few years back i did some research into that and found out that nothing happens. I simply log on to Drivewealth LLC in US and move on. The stock doesnt get lost until the company's stock i bought from collapses. So if i have Pepsico stock via bamboo, unless pepsico collapses, i am fine.

In this case, Cowrywise, Stanbic, Trustbanc etc are like bamboo. The underlying assets are commercial papers and government securities. As long as Cowrywise executes my instructions to buy those underlying assets, along with funds from other investors, we are safe. We only lose money when government defaults. And that will affect stanbic too.

By the way, its risks and rewards. Also, knowing what i know as a Finance person. augusto rating shouldnt give you any comfort. If u have the time compare ratings by GCR,datapro and Augusto vs those done by standards and Poors or , fitch or moody. U will see a trend.

Asides the liquidation concerns, I think he raised a valid question “Why is Cowrywise updating your interest when the actual FM is still dealing with backlog?” I’ll also like to get clarification on this if his claim is true.

Neurotika:
Asides the liquidation concerns, I think he raised a valid question “Why is Cowrywise updating your interest when the actual FM is still dealing with backlog?” I’ll also like to get clarification on this if his claim is true.

I do not deal directly with the FM so i am not sure if they are having backlog issues. However, i've used quite a few including stanbic, while there may be a delay in the funds reflecting, it always does. Perhaps Cowrywise is simply banking on the assurance that the funds will always come. This is purely speculation

Preator:
I do not deal directly with the FM so i am not sure if they are having backlog issues. However, i've used quite a few including stanbic, while there may be a delay in the funds reflecting, it always does. Perhaps Cowrywise is simply banking on the assurance that the funds will always come. This is purely speculation

He may be referring to Norrenberger…since their rates were frozen on the app for about a week. If Cowrywise were updating those rates on their platform during that period (I don’t know if this is true), then they likely have an information we don’t have. Hence the question….

Neurotika:
Asides the liquidation concerns, I think he raised a valid question “Why is Cowrywise updating your interest when the actual FM is still dealing with backlog?” I’ll also like to get clarification on this if his claim is true.

This isn't a concern at all because even on Fman.com, some asset managers rates don't get updated/posted sometimes.

Why is that?

That's because new rate hasn't been updated on the asset management website. Now does that mean, cowrywise team can not reach out to them internally to get the latest rate to enable them update their own listing on cowrywise?

Neurotika:
He may be referring to Norrenberger…since their rates were frozen on the app for about a week. If Cowrywise were updating those rates on their platform during that period (I don’t know if this is true), then they likely have an information we don’t have. Hence the question….

He got it mixed up because Cowrywise does not have any business with Norrenberger.

Norrenberger has their own internal issues to deal with.

Neurotika:
He may be referring to Norrenberger…since their rates were frozen on the app for about a week. If Cowrywise were updating those rates on their platform during that period (I don’t know if this is true), then they likely have an information we don’t have. Hence the question….

Norrenberger is not on Cowrywise. However, those on Cowrywise do get updated daily. E.g the trustbanc in my post earlier stated 19.62, it has dropped to 19.24 meaning it gets updated.

I just use cowrywise to check rates of other asset management firms. Sometimes ucap rate will just freeze for days but when I check ucap rate on cowrywise, its always updated

Preator:
Norrenberger is not on Cowrywise. However, those on Cowrywise do get updated daily. E.g the trustbanc in my post earlier stated 19.62, it has dropped to 19.24 meaning it gets updated.

Ok then

Beeron:
He got it mixed up because Cowrywise does not have any business with Norrenberger.

Norrenberger has their own internal issues to deal with.

Alright

Beeron:
This isn't a concern at all because even on Fman.com, some asset managers rates don't get updated/posted sometimes.

Why is that?

That's because new rate hasn't been updated on the asset management website. Now does that mean, cowrywise team can not reach out to them internally to get the latest rate to enable them update their own listing on cowrywise?

I think I’ll stick with the answer given earlier (and that’s because the example cited was wrong). It doesn’t invalidate the question. Platform managers shouldn’t be having daily rates of FMs before direct clients. It’s not done anywhere. However since I’m not on their platform to confirm if the update claim is even true, I’ll let this one rest.

For individuals using CardinalStone to trade equity. Please review the attached file to learn more about the stocks in which our money is invested. IJN, may we all be smiling by the end of the week.

https://research.cardinalstone.com/reports

Batman2412:
I just use cowrywise to check rates of other asset management firms. Sometimes ucap rate will just freeze for days but when I check ucap rate on cowrywise, its always updated

Now that's a clear sign to you indicating that your fund manager is lazy, even Cowrywise works harder than them for you to get updated listing on cowrywise because Cowrywise reaches out to them internally to get the rate. Now if the parent company is lazy to even update their website or app.

Think about how lazy they will be to effectively compete in the money market to get you the best MMF rate.

The handwriting is on the wall already, you only choosing to ignore it.

Neurotika:
I think I’ll stick with the answer given earlier (and that’s because the example cited was wrong). It doesn’t invalidate the question. Platform managers shouldn’t be having daily rates of FMs before direct clients. It’s not done anywhere. However since I’m not on their platform to confirm if the update claim is even true, I’ll let this one rest.

if there is ever a case of this.

Please don't hesitate to take screenshots and post it here so we analyze the situation together.

Beeron:
if there is ever a case of this.

Please don't hesitate to take screenshots and post it here so we analyze the situation together.

All good. This applies to those on their platform though…

Bro, Is BUA Foods up today? If it's up, I will snore well tonight.

Beeron:
The only thing I am glad about is the fact that, this MMF thread has become accepting to discuss other investments and other asset managers.

Before it was a one way street conversation, when you mention Equity, stocks, anything that involves a little bit of risk or any fund/asset manager not used often here you immediately get shut down with replies like, "we only invest in safe investment here", "This is only MMF thread." Bla bla bla

I'm glad that is changed and people are beginning to embrace other people opinion in terms of investment strategy and which asset managers to invest with.

Special thanks to EquityM for reinforcing his stance and investment strategy eventhough he was bullied at first for bringing up Equity investment here. He wasn't deterred one bit, he knows the risk involved and owns up to it. He even posts screenshots here.

This is why I call him the number one real investor I know here.

The common goal here is to win and we can only win together when our investment(s) beat inflation year on year.

EquityM:
Bro, Is BUA Foods up today? If it's up, I will snore well tonight.

it's a slow uptrend however, it's a good buy because the worst is priced in before this new uptrend began.

It's a good buy for now especially with the news of All time high ASI.


My stock recommendation video for this week drops this evening or tomorrow. Stay tuned.

I saw it skyrocketed today. CardinalStone equity weighs 13% on it. The highest among the stock.

Beeron:
It's a slow uptrend however, it's a good buy because the worst is priced in before this new uptrend began.

It's a good buy for now especially with the news of All time high ASI.


My stock recommendation video for this week drops this evening or tomorrow. Stay tuned.

Why shouldn't a rating by Agusto et al give me comfort?

Pls check Agusto et al & S&P et al ratings scope. Maybe I'm missing something.

Agusto et al rate based on National scale while S&P et al rate based on Global scale.

I'm very open to corrections and learning.

Preator:
Your money market is like stock. For example i trade US stocks via bamboo. So what happens to my holdings if bamboo collapses?

A few years back i did some research into that and found out that nothing happens. I simply log on to Drivewealth LLC in US and move on. The stock doesnt get lost until the company's stock i bought from collapses. So if i have Pepsico stock via bamboo, unless pepsico collapses, i am fine.

In this case, Cowrywise, Stanbic, Trustbanc etc are like bamboo. The underlying assets are commercial papers and government securities. As long as Cowrywise executes my instructions to buy those underlying assets, along with funds from other investors, we are safe. We only lose money when government defaults. And that will affect stanbic too.

By the way, its risks and rewards. Also, knowing what i know as a Finance person. augusto rating shouldnt give you any comfort. If u have the time compare ratings by GCR,datapro and Augusto vs those done by standards and Poors or , fitch or moody. U will see a trend.

EquityM:
I saw it skyrocketed today. CardinalStone equity weighs 13% on it. The highest among the stock.

Enjoy and the next strategy to work on as you see all these gains is the perfect exit strategy, otherwise all these gains you seeing will only be on screen.

Good thing it's equity and not individual stocks. All you have to do is keep an eye on ASI.

ASI is at all time high now, so monitor it everyday and follow up with the news.

More profit bro.

Of course, MMF and fixed are my exit doors.

Beeron:
Enjoy and the next strategy to work on as you see all these gains is the perfect exit strategy, otherwise all these gains you seeing will only be on screen.

Good thing it's equity and not individual stocks. All you have to do is keep an eye on ASI.

ASI is at all time high now, so monitor it everyday and follow up with the news.

More profit bro.

Update on Norrenberger Backlog

Please see the response below from the team lead in response to my feedback from the field.

"Our system is currently updated to 7th January.
By the close of business today, it will be fully up to date."

Please be assured that everything is in place, and all outstanding arrears will be posted accordingly.
Norrenberger remains your trusted financial partner in wealth creation and preservation.

Kindly click the second link in my signature to open an account for the products offer by Norrenberger.
Remember, account opening is free.

FineUsername:
Why shouldn't a rating by Agusto et al give me comfort?

Pls check Agusto et al & S&P et al ratings scope. Maybe I'm missing something.

Agusto et al rate based on National scale while S&P et al rate based on Global scale.

I'm very open to corrections and learning.

The intl rating agencies actually do national ratings mostly as its more useful locally.

The other onr u wan learn.. 😂 i reserve comment for now. Na public forum

These stanbic guys can do better..

Had to call them before they finally resolved my issue

Want to start with large amount,is it advisable

EquityM:
CardinalStone is better. Start with 50 or 100k.

Well, it's risky, but the decision is in your hands. You won't lose your money, and if the market is going down, you can withdraw at anytime. Right now, the market is bullish.

Rico1278:
Want to start with a large amount,is it advisable

Rico1278:
Want to start with large amount,is it advisable

@Rico1278, Understand that you will need to know your risk tolerance when it comes to investing in stocks directly or indirectly through equity-based funds.

No matter how profitable or rewarding an investment looks, if you are not able to manage the risk involved, it may be disastrous. Check my earlier posts here on this thread on the factors to consider before investing. Three factors stand out: risk tolerance, investment objective, and knowledge.

As I will always advise, don't stop investing; it's a good culture to have.

Batman2412:
I just use cowrywise to check rates of other asset management firms. Sometimes ucap rate will just freeze for days but when I check ucap rate on cowrywise, its always updated

You guys need understand a lot of these companies still operate with Analog mentality. Have handled a contract with a couple of companies where almost every idea I bring gets tossed aside by the middle Ogas at the top.

rarely do they even have dedicated IT team(s) or staff. If they happen to know you could do a couple of things they have no idea of, but it's looks like IT, you automatilly get extra responsibilities.

it's one thing to own and operate a website / app, it's another thing doing regular maintainance of which content updating is one of them.

So you would understand when a new generation company like cowryWise gets into such niche, you don't expect them lagging like the old generation pals they meant in the industry.

@Neurotika , @Iamblessed88

@emmasoft abeg confirm if I might be mistaken here though speaking from experience BUT you na Oga

Rico1278:
Want to start with large amount,is it advisable

Hope you very much aware you can't invest in such and close your two eyes completely; You need constantly monitor, read, and analyse because a nanoSecond could be all it takes for both capital + interest to noseDive.

Don't just focus on earning, ensure you really really have above basic knowledge on what's happening. This one no be Mutual Fund wey you fit travel for months without check and it would keep compounding.
For that one, your 100 naira fit grow to 150 naira and still go as low as 20 naira or even lower.
Notice how forex traders are always online reading and analyysing this and that.

That person wey dey do una long throat, no really dey tell una the full story, just the happy side. e get reason we rarely suggest anything outside mutual funds in here; and before now, we for don try make am stop BUT guess we got tired and left you guys do as you wish and learn from experience.