₦airaland Forum

Iamblessed88:
And how are you sure it’s not MMM? Good luck. We will be here for the tears

emmasoft:
Guide to opening an investment account with different Fund managers

Norrenbeger
- click the second link on my signature
- click Individual if you are opening personal MMF account or corporate if a company account
- complete the four sections of the form- personal info, Next of Kin, Bank Details and ID verification
- click submit.
You don't need to do any other thing after submitting irrespective of whatever is displayed, you are to wait, within 24hrs a mail containing your account details and the collection account will be sent to you.
To get the best and seamless onboarding experience, let the downloading of the app come after you have made your first deposit. It's always best to first set up your account on the web portal following the steps I just outlined.

First Ally- owner of Myinvestar app
Download Myinvestar app from play store or ios. See the attached so you know how the app look like
- click install
click create an account
- pick new customer? click here option
- fill your name and email address
- use SA-Emma as referral code
- click continue
once your account is created and your bvn is verified you will be given a virtual account through which you can fund your MMF account.
- as you deposit, your funds reflect immediately irrespective of the time or day of the week

Stanbic
- click the first link on my signature
- fill your email and phone number
- complete the three fields of the form - Account details , personal setup profile and verify confirm OTP
- once you login, to your account it's automatically basic, then click on UPGRADE and submit your kyc to have a premium account that has unlimited features.
- get your personalized Stanbic wallet account through which you will fund your MMF account.

Investment One (for stock, fixed income, TBills, and target savings)

- click the 3rd link in my signature
- pick individual as type of account
- select fixed income and stockbroking as products
- Click continue and complete the other parts of the form.
- Once you submit, check your email for a confirmation that your details got to their server.

SFS -Fixed income Fund

For the SFS fixed income fund, click this link https://sfsfund.com/register?referral=4GJ0I3Q21G and complete the form.

For Chapel Hill MMF, or if you need any support or clarification on the above guide, call or chat with me. The number is in my signature
You will be well guided.

Please note, following the the guide above doesn't make me your fund manager but rather you are a direct customer with any of the fund manager you decide to go with.

But be sure if you sign up with any of the above mentioned firms, you are sure of maximum support from me and another officer will also be attached to you to satisfy you on any request.

Thank you.

Iamblessed88:
And how are you sure it’s not MMM? Good luck. We will be here for the tears

Donbrig:
Lol... No risk no success. But we all just have to be careful though, now that many Nigerians are embracing money market funds, we are also gonna see new asset managers emerging from different angles, and even those our traditional money collectors (OSUSU/ISUSU) will become asset managers and get their approval from SEC.

Donbrig:
Lol... No risk no success. But we all just have to be careful though, now that many Nigerians are embracing money market funds, we are also gonna see new asset managers emerging from different angles, and even those our traditional money collectors (OSUSU/ISUSU) will become asset managers and get their approval from SEC.

Iamblessed88:
Exactly. Notice the trend. The top guys all have conservative rates hovering around 15-16% while the new ones all have rates hovering around 18%-20%.

Funny enough, if they have such brilliant fund managers, how come that brilliance is not being seen in basic issues such as prompt update of interest gains? Every fund manager here doing 18% all have one thing in common, interest backlog. Some have not updated since December ish

They know if they update all accounts at once, the ponzi scheme will crash

IamtheDef:
This is quite laughable really. So you think SEC just hands out approval to every tom and harry

IamtheDef:
This is quite laughable really. So you think SEC just hands out approval to every tom and harry

Jayce242:
The confidence investors have in these fund managers is primarily based on SEC approval. If SEC should withdraw their approval from Stanbic today, investors will pull out their funds not minding whether they have been here for how long. It is just like getting CBN license to operate a commercial bank. If an asset manager has met the requirements to clinch SEC approval, it is needless trying to label such platform MMM. Getting approval from SEC is no child's play.

The likes of Stanbic running 15% doesn't make it standard, they are only taking advantage of their large customer base.

Retro9090:
Yeah, it sucks. I loved that app. The new 3.0 doesn't have the feature to see daily interest. Or does it?

tpain121:
It does.

Click on investment, you will see the daily interest rate.

Beeron:
I will make the video however, seeing that you are willing to invest 100k top up monthly on the new investment, which is why you want it compounded in years to come.

Why not take a little bit of risk since you already have the leverage which are (capital and time)

Lock up the money in a balanced fund with a little bit of equity and top up every month, you will be thankful you did after 3-5 years.

emmasoft:
Personally, and based on my risk tolerance, I do MMF for short and specific or target investing, i.e., short to medium term - check my earlier post on how investors put MMF to use. I invest directly in fundamentally strong and dividend-paying stocks for the long term.
So it depends on the level of risk you are comfortable with. A fixed-income fund with FGN Bonds as the underlying asset could also be a good choice.

However, all these depend on economic realities of the time because an investment instrument that is good today may not be tomorrow e.g a low rate regime favors equity and vice versa, so sometimes our decision is also affected by the prevailing economic realities.

enemerci:
Thank you very much, I like the line of thought. I already have a balanced fund and and imaan fund. Just needed to here from the gurus

Keith05cool:
I have an idea, with the way we discuss here, I actually don’t know if most of us here are professionals in the financial industry but the level of knowledge is very good, I applaud you guys, I will advocate we create a WhatsApp group, share more ideas on investing, those who are in cities can have a physical group meeting, it will grow confidence and one can appreciate the value of such group with high engagement, my advice please 🙏🏾 house

emmasoft:
Bro sorry I posted something above, about the group thing, I feel we should nominate you as the admin

Iamblessed88:
Alot of people have benefited from info shared here. Some are even guests. A whatsapp group will kill this thread. Plus it’s invasion of privacy because many would want to stay anonymous.

You can form your group if you want but dont attempt to kill this thread

Keith05cool:
I have an idea, with the way we discuss here, I actually don’t know if most of us here are professionals in the financial industry but the level of knowledge is very good, I applaud you guys, I will advocate we create a WhatsApp group, share more ideas on investing, those who are in cities can have a physical group meeting, it will grow confidence and one can appreciate the value of such group with high engagement, my advice please 🙏🏾 house

Keith05cool:
Emmasoft the man with all the info

Keith05cool:
I have an idea, with the way we discuss here, I actually don’t know if most of us here are professionals in the financial industry but the level of knowledge is very good, I applaud you guys, I will advocate we create a WhatsApp group, share more ideas on investing, those who are in cities can have a physical group meeting, it will grow confidence and one can appreciate the value of such group with high engagement, my advice please 🙏🏾 house

emmasoft:
@Keith05cool, thank you for the idea you shared and for considering me for the nomination.

However, due to the nature of my job and my prior experience with a similar initiative, I won’t be able to join the group at this time.
That said, I remain fully committed to contributing my best here. As I often mention, anyone who wishes to connect directly, just as some already have, is always welcome to do so; my contact details are available in my signature.

I truly appreciate your good intentions, as well as those of many others here. It’s also worth noting that not everyone may share the same motives, and allowing certain intentions to play out could lead to unpleasant experiences.

My honest suggestion is that we keep things as they are and continue to move along together.

Making money without Tears is our Goal!

Batman2412:
Help me choose between trustbanc mmf via cowrywise @ 18% with 1.4% management fees and cowrywise @ 16% with 0% management fees. Currently with ucap @ 15% and I want something new

Preator:
Any rate u see on Cowrywise is net of management fee.

welzyj2:
Hmmmm. It implies that cowrywise get slightly better negotiating rate that on the main app?

Preator:
I havent been on the main app but most(not all) FMs quote net of WHT

welzyj2:
Okay...would be really nice to know.

I guess Emmasoft does SFS directly and EquityM does trustbanc directly. We can compare them at an instant with cowrywise app

I don't think there's any difference though.