Mutual Funds - Investment (446) - Nairaland
Nairaland Forum › Nairaland General › Investment › Mutual Funds (1517820 Views)
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| Re: Mutual Funds by Nobody: 11:03pm On Jan 13 |
doggedfighter:Hello Bro. All things trust, will and estate planning is handled by the trustees subsidiary. If you went to the head office in VI, it’s a separate building before you get to the asset management building. The minimum entry amount for stanbic is 1billion naira. It used to be 500m but was recently reviewed upwards. I am considering a smaller firm or i just stick to will jeje which cost only about 28k every 5 years for a basic will ( that’s for stanbic) Also note that for a trust, you would be transferring legal ownership of your assets to the trustee. It’s revocable though but that’s a tough pill for me to swallow lol . It’s usually good if you want to evade creditors |
| Re: Mutual Funds by xyrexzmanto: 1:54am On Jan 14 |
Good day all have being crediting my nörrenberger money market fund for some days now, is not displaying on the app @all. I dnt know If sum1 here is also experiencing what am experiencing. |
| Re: Mutual Funds by hancock(m): 3:21am On Jan 14 |
xyrexzmanto:Same boat as you I registered newly last week. Made my first transfer this Monday and my account is yet to be credited till now. Funnily the transfer was from a UBA to norrenberger UBA MMF account Not a good sign |
| Re: Mutual Funds by emmasoft(m): 6:18am On Jan 14 |
xyrexzmanto:@xyrexzmanto and others, we sincerely apologize for the delay of transactions you are experiencing since the year began. Kindly note that the delay is as a result of the year end activities which resulted in the backlog. However, as of yesterday, all transactions has been cleared from1st till 11th, January, by today COB, everything will returned to normal dealings. Please also note that your deposits will have the value date of your deposit and you will earn the interest from the date of your deposit if done on a working day before the cut off time or from the next business day if done after cut off time, weekend or a public holiday Norrenberger is a SEC regulated fund manager and all your investment in any of the products and MMF in particular is safe. We appreciate your patronage. Making money without tears is our goal! |
| Re: Mutual Funds by Dondav(m): 11:40am On Jan 14 |
My older Stanbic app.... Which happens to be my favourite Stanbic app isn't working anymore... 🤷🏽♂️.. |
| Re: Mutual Funds by emmasoft(m): 12:00pm On Jan 14 |
Dondav:Download Stanbic app 3.0 |
| Re: Mutual Funds by Retro9090: 12:38pm On Jan 14 |
Yeah, it sucks. I loved that app. The new 3.0 doesn't have the feature to see daily interest. Or does it? Dondav: |
| Re: Mutual Funds by Nobody: 12:41pm On Jan 14 |
Retro9090:Nope...you can only see that via web |
| Re: Mutual Funds by enque(f): 3:19pm On Jan 14 |
| Re: Mutual Funds by Creditalerts: 5:30pm On Jan 14 |
15.52 chai 🥺 this stanbic eh 😂☹ |
| Re: Mutual Funds by Nobody: 5:49pm On Jan 14 |
Creditalerts:To be realistic most top MMF are actually at 15. Or 16 max We just have these upcoming MMF doing better If in the next 2 months stanbic equals these guys there is a possibility you stand a better chance with Stanbic without moving your funds if you compare your year end earnings with the assumption rates remain same all through Stanbic was a performer till early q4 |
| Re: Mutual Funds by Retro9090: 5:51pm On Jan 14 |
I am on the web and cannot find the feature to see my daily interest. Can you point me to where I can look? Thanks bro. welzyj2: |
| Re: Mutual Funds by Nobody: 6:09pm On Jan 14 |
Retro9090:Navigate to my wealth and use the graph to see traction for daily increase.. I rarely use the web due to the OTP verification stress but I track my daily balance on the app |
| Re: Mutual Funds by Creditalerts: 6:25pm On Jan 14 |
welzyj2:story for 15.52🙄🙄🙄😂 lemme o I dey vex |
| Re: Mutual Funds by Nobody: 6:27pm On Jan 14 |
| Re: Mutual Funds by jejet1: 8:13pm On Jan 14 |
They are right; what you should enquire is trustee unit... Then ask for private trust. See this link https://www.stanbicibtctrustees.com/nigeriatrustees/trustees/estate-planning/private-trust doggedfighter:
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| Re: Mutual Funds by bassdow: 8:17pm On Jan 14 |
hancock:At the bolded, that's how all MMF fund managers operates. That's because the monies are not directly in their care |
| Re: Mutual Funds by bassdow: 8:20pm On Jan 14 |
welzyj2:Actually, the upComing ones, need a way to make new customers. recall Nigerians kept paying per minute till GloBaCom entered with per second billing. Etisalate also came in with tactics to get customers. Stanbic don too grow (lots of high paying clients) + have lots of assets hence not easily in such a hurry + there's a price to pay when you're as huge as Stanbic |
| Re: Mutual Funds by VolitalityBoss: 6:03am On Jan 15 |
Introducing AIICO money market fund which aims to achieve both stable income generation and capital preservation by investing 100% of the portfolio assets in high quality short-term securities. Our track record and performance speaks for itself as we're currently doing 18% and striving to do better. The app can be downloaded on playstore "AIICO invest", then chat me up on Whatsapp for clarifications and other product details. 08157070186
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| Re: Mutual Funds by enemerci: 6:21am On Jan 15 |
Please does stanbic imaan, equity, balanced ethical funds compound. Assuming I keep topping up my funds monthly with 100k. Is there anything like compounding even if it is annually. 0r is it strictly simple interest. Thank you. |
| Re: Mutual Funds by Creditalerts: 8:25am On Jan 15 |
I got this message will it affects MMF pls I need explanation thanks 🤦🏾♂️ Cc emmasoft
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| Re: Mutual Funds by emmasoft(m): 9:54am On Jan 15*. Modified: 10:19am On Jan 15 |
Creditalerts:@Creditalerts, The message said VAT on certain banking services. This has nothing to do with MMF. Even some of the services listed already have VAT on them, except if Moniepoint has not been collecting it. Before now, there was VAT charged on electronic money transfer that is why you pay 10.75 when you make a transfer of say 10k. Note that the VAT is on the transfer charges, not on the money you transferred. |
| Re: Mutual Funds by emmasoft(m): 10:12am On Jan 15 |
enemerci:Apart from MMF, most of the other mutual funds don't accrue interest daily, especially those that are price-based. You get price appreciation, and they pay dividends mostly once a year, and some twice. However, you can opt for dividend reinvestment, i.e., compounding, so that at anytime dividend is paid, it's reinvested into the fund. Also, note that returns on these funds are not guaranteed. |
| Re: Mutual Funds by Creditalerts: 10:23am On Jan 15 |
emmasoft:ok thank you |
| Re: Mutual Funds by Neurotika: 10:27am On Jan 15 |
Creditalerts:Moniepoint should be sanctioned heavily for this. I expected them to know better. |
| Re: Mutual Funds by modupemomo: 10:50am On Jan 15 |
Hello All, I guess Stanbic rates is still taking a dive to the ground floor from the top of a skyscraper. Saw the rates yesterday and I cannot believe it has dropped from where we started at 24%+. Reality is prices of things we need in life isnt dropping, one has to begin to do recon. While I know Renmoney isnt in the mutual funds business, does anyone know if there are legit and reliable? I've got mouths to feed here. Stanbic is my fav but right now, I have to use my head because the rates gave me palpitations last night abeg. Please can anyone give their two cents on Renmoney as they have a good rate on their fixed deposit. Thanks and God bless. |
| Re: Mutual Funds by Jayce242: 10:53am On Jan 15 |
Neurotika:Why should they be sanctioned?? For notifying their customers before proceeding with any stup!d tax deductions?? It is now beginning to look like u are part of this government reason u are always rushing out to come in their defense. |
| Re: Mutual Funds by Creditalerts: 11:13am On Jan 15 |
modupemomo:Hmmm just compare stanbic 15.51 and trustbanc 18.03 or FirstAlly 18.00 and you invested 50,000000 Do the mathematics of gain and losses monthly 🤔 No emotional sentiment here u go cry 😂 |
| Re: Mutual Funds by Beeron: 11:25am On Jan 15 |
enemerci:Time for you to re-strategize: If your goal is to compound. Move the investment fund to Cowrywise, invest in a balanced fund that invest in only money market and bond or fixed deposits, choose the auto-reinvest option to enable the fund compound. Go about your business and let the fund grow. Might make a video about this. |
| Re: Mutual Funds by Neurotika: 11:29am On Jan 15 |
Jayce242:Calm down. There has never been a time when banks did not charge VAT on transfer commissions. This is not a new law or policy. The Moniepoint communication made it sound like something had just been introduced, which is misleading. That kind of messaging only fuels unnecessary anxiety in an already tense environment. If anything, it raises questions about their own past compliance, because banks have always applied VAT on their fees. No one is defending the government here, but misinformation has real consequences and should be strongly condemned. |
| Re: Mutual Funds by Beeron: 11:31am On Jan 15 |
modupemomo:Don't you think it's time to diversify your investments? At this point, Ditch the idea of Stanbic being your "FAV", you in the market to make money, the forces that move the market doesn't care one bit about your fav. If Stanbic is currently at 15%, what do you think will happen if by next month, Interest rate get cut and rates even go lower? Split your funds and position yourself strategically, leave sentiments such as my "fav", my point is move some money into cowrywise to invest in Trustbanc or go for FirstAlly. |
| Re: Mutual Funds by modupemomo: 11:33am On Jan 15 |
Are you saying to go Renmoney or not? Better to keep one's capital than to lose it while running kitikata. Creditalerts: |
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