₦airaland Forum

IamtheDef:
From the app home page, select investment...you'll see the updated rates for everything you need there

petomas:
Please I need your help too, I want ro invest in the legacy MMF but lack concrete knowledge about their interest rates and how it’s been paid. Is it daily like Stanbic IBTC MMF and how many percent pls?

enque:
I think he is referring to the daily accrued interest, which is not shown in the blunest app.

IamtheDef:
oh okay, i think the best that i have seen as regards an accurate record of the daily accrued interest for MMF is the Cowry platform...others are riddled with discrepancies

FRANKLYex:
Yes, I also track cowry despite the fact that they are the most transparent in terms of reporting. I just don't understand why other MMF can not have a transparent reporting platform as cowrywise. Whatever they report is what you get real time.

Please note my cowrywise account level is Bloom. So the returns are for High yield investment

welzyj2:
It depends on your investment. It's not controlled by cowrywise though. It's determined by the fund managers

Check the learn more under the particular investment

Preator:
Mine was even doubled. Its their usual end of month shenanigans. Everything go reflect well by tomorrow.

My worry is their consistently low rates compared to their peers. It's their large AUM that's making me drag my feet to reducing my change with them. Cowrywise does far better. Just the fear of this tech mmfs

Batman2412:
Trustbanc mmf via cowrywise

Gokoyer0:
Are you saying we can lose all our money in cowrywise?

Mixology:
Hello all, specifically at Emmasoft, how do we now check our daily rates (interest) at Stanbic mmf? This was one of the major features that made me invest there…

welzyj2:
See the attachment for reference

Foodempire:
Good afternoon, for those who have withdrawn the total invested funds in money market recently, does the 10% WHT deducted from your money? Or does this only apply to treasurybill investment?

Foodempire:
Good afternoon, for those who have withdrawn the total invested funds in money market recently, does the 10% WHT deducted from your money? Or does this only apply to treasurybill investment?

BuchyD:
10% WHT applies to your interest.

Some managers remove the WHT daily(if you get daily interest) or remove it from the total of interest for the time in consideration.

Na ONLY your interest WHT dey affect

Creditalerts:
🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️🥺☹ but trustbanc gat my back 😁✌🏾

Gokoyer0:
Thank you.

Which one do you think I should focus on for wealth building and for long term plan? The word "aggressive", ""moderate" and "conservative" is it referring to longevity or riskiness of the funds? I checked, I realised that conservative(e.g Trustbanc) has highest ROI over Moderate (United Capital Balanced), and
Aggressive (Afrinvest Equity Fund). I know the higher the return, the higher the risk. So this makes the classification more confusing. What does the word "aggressive" means?

I am a newbie, I only invested in cowrywise stocks and a bit of foreign bonds. I want to dive into thier mutual funds because of compounding effect.

Foodempire:
Good afternoon, for those who have withdrawn the total invested funds in money market recently, does the 10% WHT deducted from your money? Or does this only apply to treasurybill investment?

Gokoyer0:
Thank you.

Which one do you think I should focus on for wealth building and for long term plan? The word "aggressive", ""moderate" and "conservative" is it referring to longevity or riskiness of the funds? I checked, I realised that conservative(e.g Trustbanc) has highest ROI over Moderate (United Capital Balanced), and
Aggressive (Afrinvest Equity Fund). I know the higher the return, the higher the risk. So this makes the classification more confusing. What does the word "aggressive" means?

I am a newbie, I only invested in cowrywise stocks and a bit of foreign bonds. I want to dive into thier mutual funds because of compounding effect.

Creditalerts:
🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️🤦🏾‍♂️🥺☹ but trustbanc gat my back 😁✌🏾

Alaska90:
Please is any body here investing in First Ally MMF using MyInvestar? The Interest is 14.22% today....Is that the interest or there is a problem somewhere because that just too low compare to the rest. Dropped from almost 18% to 14.22% in 2 days

Alaska90:
Please are in trustbanc through cowrywise? I want to invest too but I need to clear some doubts.

topicsbay:
Honestly, I feel people should be more concerned about how they'll increase their investment than worry about WHT. It just doesn't make sense to me.

I couldn't care less about what the government deducts as WHT, as long as I'm pumping more money into the system.

Alaska90:
Please is any body here investing in First Ally MMF using MyInvestar? The Interest is 14.22% today....Is that the interest or there is a problem somewhere because that just too low compare to the rest. Dropped from almost 18% to 14.22% in 2 days

welzyj2:
Creditalerts is your bro

Don't be worried we just starting a new year and rates are computed daily

Alaska90:
Please is any body here investing in First Ally MMF using MyInvestar? The Interest is 14.22% today....Is that the interest or there is a problem somewhere because that just too low compare to the rest. Dropped from almost 18% to 14.22% in 2 days

welzyj2:

Firstally guys go pursue you commot their platform soon. Lol

You don carry our stanbic rate drop their own

Foodempire:
I'm not really bothered about the new WHT as we don't have the power to either reject or protest it. My worries is loosing part of my capital on the past interest earned as it's being done with matured treasurybill investment that was done last year. I've locked up my funds in money market since last year and if they are to tax me on my past interests earned it will be in millions and that will really affect me. I hope fbnquest has deducted the so called tax before adding the interests

Creditalerts:
Never stanbic is 15.46% champion of 15% we refuse that current position we are climbing up in a bit🤑🤑✌🏾