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Mutual Funds - Investment (453) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1551682 Views)

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Re: Mutual Funds by Creditalerts: 4:59pm On Jan 23
welzyj2:
Lmao 🤣 🤣

I trust Iamblessed88 to update us on una *climbing down grin grin
that guy is a 🤡
Re: Mutual Funds by Alaska90(m): 5:00pm On Jan 23
welzyj2:
Ask your questions. We have a number of people using g trustbanc via cowrywise hered
My questions

1. How do you top up your account on Trustbanc via cowrywise?
2. How do you view your daily interest returns on Trustbanc via cowrywise ?
3. How do you withdraw your money on Trustbanc via cowrywise and how easy its to do that?

Thanks
Re: Mutual Funds by Alaska90(m): 5:01pm On Jan 23
Iamblessed88:
😂😂😂😂😂
You are just a clown
Re: Mutual Funds by Alaska90(m): 5:03pm On Jan 23
Iamblessed88:
😂😂😂😂😂
You are just a clown
Re: Mutual Funds by Nobody: 5:08pm On Jan 23
Alaska90:
My questions

1. How do you top up your account on Trustbanc via cowrywise?
2. How do you view your daily interest returns on Trustbanc via cowrywise ?
3. How do you withdraw your money on Trustbanc via cowrywise and how easy its to do that?

Thanks
To top up, just click on your Naira Mutual fund-> Trust bank MMF-> Invest more. Follow the other prompts

2. Click see more on your trust bank mmf-> earning details-> daily log

3. I'm yet to do a redrawal. I belive it's seemless. Just navigate to sell units on the trustbanc mmf
Re: Mutual Funds by Nobody: 5:11pm On Jan 23
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
Creditalerts Is like this your people are only applying WHT on people’s capital now. What kinda wickedness is that? Good morning, Good afternoon and Good-evening 😂😂😂😂
Re: Mutual Funds by Preator: 5:33pm On Jan 23
Gokoyer0:
Are you saying we can lose all our money in cowrywise?
Nope. Like with anything Fintech in nigeria, there is a bit of fear around their stability. Given how well SEC regulates though, i have been able to overcome my fears.
Re: Mutual Funds by Alaska90(m): 5:56pm On Jan 23
welzyj2:
To top up, just click on your Naira Mutual fund-> Trust bank MMF-> Invest more. Follow the other prompts

2. Click see more on your trust bank mmf-> earning details-> daily log

3. I'm yet to do a redrawal. I belive it's seemless. Just navigate to sell units on the trustbanc mmf
Thanks
But on the first question, can I deposit money directly to my cowrywise wallet using my direct bank tranfer without me calling or sending email to anybody to check for my deposit? I mean is it automatic?
Re: Mutual Funds by Samcathe: 5:57pm On Jan 23
Can anyone pls let me know the best way to bid for Tbill primary auction. Wema bank bleeped up yesterday. Their customer care promised I could bid on their primary market some weeks back only to come back yesterday that they are having issues with their portal.
Re: Mutual Funds by Batman2412(m): 6:11pm On Jan 23
Thank you
welzyj2:
90 days but you can cash out your funds at anytime. Its just your interest will be penalised. Not sure abt the percentage
Re: Mutual Funds by Beeron: 6:31pm On Jan 23
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.
Take this advice from someone who is very much invested in all.

Yes, I am investing in all.

The moderate investment which comprises of Balanced funds and halal funds are just waste of time. Ignore them completely.

The aggressive once which mostly has stocks as underlying assets basically Equity Mutual funds. Yes, they are worth a try but allocate just 10% of your fund In the hope that it will appreciate overtime.

Now focus 90% of your investment capital into the conservative section, buy the MMF doing the highest percentage and when the highest stops being the highest, withdraw your money and buy the new highest right on that conservative section.


That's how you grow and preserve wealth.
Re: Mutual Funds by Batman2412(m): 6:34pm On Jan 23
Aggressive=high risk
Moderate=Medium risk
Conservative=Low risk
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.
Re: Mutual Funds by Batman2412(m): 6:49pm On Jan 23
You don't have to call nor email. Everything with cowrywise is automated. You click on the plan you want, they give you bank account to pay to and 1 hour to make your payment. As soon as you transfer, they will receive it immediately and units will be allocated to you. You check your dashboard and you see your balance
Alaska90:
Thanks
But on the first question, can I deposit money directly to my cowrywise wallet using my direct bank tranfer without me calling or sending email to anybody to check for my deposit? I mean is it automatic?
Re: Mutual Funds by Nobody:
You guys are amazing. I thank everyone of you that come to my rescue here. You guys rock...
Beeron:
Take this advice from someone who is very much invested in all.

Yes, I am investing in all.

The moderate investment which comprises of Balanced funds and halal funds are just waste of time. Ignore them completely.

The aggressive once which mostly has stocks as underlying assets basically Equity Mutual funds. Yes, they are worth a try but allocate just 10% of your fund In the hope that it will appreciate overtime.

Now focus 90% of your investment capital into the conservative section, buy the MMF doing the highest percentage and when the highest stops being the highest, withdraw your money and buy the new highest right on that conservative section.


That's how you grow and preserve wealth.
Re: Mutual Funds by Sirchiboy: 6:58pm On Jan 23
Started yesterday with 5k, was hoping today my money will reach 10milla
Re: Mutual Funds by Alaska90(m): 7:38pm On Jan 23
Batman2412:
You don't have to call nor email. Everything with cowrywise is automated. You click on the plan you want, they give you bank account to pay to and 1 hour to make your payment. As soon as you transfer, they will receive it immediately and units will be allocated to you. You check your dashboard and you see your balance
OK Thanks
Re: Mutual Funds by Kabawhat: 7:55pm On Jan 23
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?
They pay intrest daily as any other fund manager.. There percentage is not terribly bad.. The only thing is poor customer care but once I shoot mail to the head quarter in Lagos abi na Abuja in few second they take action

I kuku ask them for any reialible customer care link or number them no gree answer...

But make serious finding before investing your hard earned fund with them sir
Re: Mutual Funds by Nobody: 8:09pm On Jan 23
Sirchiboy:
Started yesterday with 5k, was hoping today my money will reach 10milla
Lol. I know how you feel. Growing wealth is boring. It’s sad that the new trend is for content creators to propagate ridiculous expectations all for views.

This may be a controversial take but investing with small amounts as your initial capital is a waste of time except its for top up.

Imagine investing 5k in an mmf @ 19%. Assuming the interest rate is even held constant, you will end up with 5,950 @ the end of year 1. How long will it take you to be financially free?

Compounding shines with critical mass and regular top up. After a while, the interest will even beat whatever you put in.

All these fund managers saying minimum of 5k; it’s for their own good and not yours. At best, what it does is it teaches you how to invest but best believe you wont be getting rich from that till you die, except you aggressively top up periodically till you build critical mass, then the snowball effect becomes profound.
Re: Mutual Funds by Beeron: 9:21pm On Jan 23
Sirchiboy:
Started yesterday with 5k, was hoping today my money will reach 10milla
Congratulations, the journey just begun.

Don't assume you will cash out big. Just make it your savings account instead of leaving that 5k in your regular bank account.

Let me teach you one trick to grow that money in MMF no matter how small.

Gather your friends or your guys, convince them for you guys to start contribution (Ajor), then be in charge of holding the money, and when they all pay, put it In your MMF account and only redeem when it's someone turn to take money, continue that circle of cash flow and invite more members to the contribution.

As long as you in charge of funds and funds stays In your MMF, you will profit from the compounded interest, now imagine you have contribution money totalling one million, the interest from that is still something.

I know someone who started like this and today he is in charge of contribution money at his work place totalling up to 20 million.
Re: Mutual Funds by Creditalerts: 4:16am On Jan 24
We have bounced back everyone

FirstAlly is back

Our MMF is doing 26.23% go and verify
🤑🤑🤑🤑✌🏾

Happy investing 🤑🤑🤑🤑

Re: Mutual Funds by bassdow: 7:18am On Jan 24
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…
Unfortunately, you can't see your daily accrued interest in the app currently.

But there's a trick I use . I take note (you could write it down) of current earning, then come back the next day (even as early as 12:30am) and get the next reading and subtract it from the previous reading, the difference is what you looking for
Re: Mutual Funds by Nobody: 8:48am On Jan 24
bassdow:
Unfortunately, you can't see your daily accrued interest in the app currently.

But there's a trick I use . I take note (you could write it down) of current earning, then come back the next day (even as early as 12:30am) and get the next reading and subtract it from the previous reading, the difference is what you looking for
As early as 11:59pm, stanbic has already reflected interest. That’s why I struggle to understand what interest backlog means with some other fund managers
Re: Mutual Funds by bassdow: 9:44am On Jan 24
Iamblessed88:
As early as 11:59pm, stanbic has already reflected interest. That’s why I struggle to understand what interest backlog means with some other fund managers
I purposely said 12:30am to avoid any "I didn't see it" stories though I doubt Stanbic updates by 11:59pm. Probably anywhere from 12:03am
Re: Mutual Funds by Smattrader: 10:55am On Jan 24
Creditalerts:
We have bounced back everyone

FirstAlly is back

Our MMF is doing 26.23% go and verify
🤑🤑🤑🤑✌🏾

Happy investing 🤑🤑🤑🤑
💃💃💃💃💃💃💃💃
Re: Mutual Funds by Nobody: 11:08am On Jan 24
Creditalerts:
We have bounced back everyone

FirstAlly is back

Our MMF is doing 26.23% go and verify
🤑🤑🤑🤑✌🏾

Happy investing 🤑🤑🤑🤑
grin
Re: Mutual Funds by Creditalerts: 11:36am On Jan 24
welzyj2:
grin
🤣🤣🤣😁😁😁✌🏾
Re: Mutual Funds by Creditalerts: 11:37am On Jan 24
Smattrader:
💃💃💃💃💃💃💃💃
🤑🤑🤑🤑🕺🏾🕺🏾🕺🏾
Re: Mutual Funds by Preator: 12:25pm On Jan 24
Iamblessed88:
As early as 11:59pm, stanbic has already reflected interest. That’s why I struggle to understand what interest backlog means with some other fund managers
Check the link on @bassdow signature. It gives stanbic daily rates
Re: Mutual Funds by Samcathe:
Has anyone here invest with Risevest? They seem to have a good rate. Are they reliable?
Re: Mutual Funds by FRANKLYex: 3:41pm On Jan 24
Creditalerts:
We have bounced back everyone

FirstAlly is back

Our MMF is doing 26.23% go and verify
🤑🤑🤑🤑✌🏾

Happy investing 🤑🤑🤑🤑
Aren't we supposed to engage this people to find out what's responsible for this? From 18 to 14 back to 26huh? Not too comfortable with that trend oooo. Should I top up today, would I enjoy this bonanza over the weekend? Because I know it will last till Monday
Re: Mutual Funds by Babygal2020(f): 3:53pm On Jan 24
Almost everybody dey find high rate. Jumping from one mmf firm to another.

Let me keep managing Stanbic. At least I have peace of mind with them.
Re: Mutual Funds by Creditalerts: 3:57pm On Jan 24
FRANKLYex:
Aren't we supposed to engage this people to find out what's responsible for this? From 18 to 14 back to 26huh? Not too comfortable with that trend oooo. Should I top up today, would I enjoy this bonanza over the weekend? Because I know it will last till Monday
yes o I already top up it will definitely last till Monday you are wise 🤑🤑


It was a system glitch that was why it drop to 14% I was told
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