Mutual Funds - Investment (454)

Mutual Funds - Investment (454) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1551690 Views)

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Re: Mutual Funds by Creditalerts: 4:00pm On Jan 24

Babygal2020:
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.

biko pls don't be lazy send that money message ,control it is your hard earn money 😉

Re: Mutual Funds by Alaska90(m): 4:31pm On Jan 24

Creditalerts:
We have bounced back everyone

FirstAlly is back

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

Happy investing 🤑🤑🤑🤑

Good news grin

Re: Mutual Funds by FRANKLYex: 6:57pm On Jan 24

Creditalerts:
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

They did communicate something regarding the glitches shaaa. Make I top up something too

Re: Mutual Funds by Creditalerts: 7:32pm On Jan 24

FRANKLYex:
They did communicate something regarding the glitches shaaa. Make I top up something too

If u top up before 12 midnight sef u go still enjoy today interest 🤑

1 Like

Re: Mutual Funds by geoeast: 8:51pm On Jan 24

Why is first ally mmf interest rate so high at 26%.
Other mmfs interest rate are not that high.
Should I be concerned

2 Likes

Re: Mutual Funds by emmasoft(m): 11:13pm On Jan 24

geoeast:
Why is first ally mmf interest rate so high at 26%.
Other mmfs interest rate are not that high.
Should I be concerned

What do investors want?

If the rate is high, it’s a concern.
If it’s low, it’s still a concern.
Wetin una want sef? grin

That is, by the way.

As wise investors, my advice is simple: enjoy the rate while it lasts. No fund manager can arbitrarily change the underlying assets of a Money Market Fund (MMF). Whether the rate is high or low, what you’re seeing is simply the normal valuation of those underlying assets.

Once in a while, you may notice a spike or a dip after valuation; there’s nothing to worry about. Honestly, I wonder if some of us were around during the low-rate regime; maybe we would have withdrawn our capital and hidden under the pillow.

The reality is this: as the economy continues to improve and positively impacts the real sector, rates will naturally come down. And truth be told, lower rates are actually better for us in the long run. You may not earn very high yields, but the little you earn carries more value. What truly matters when it comes to capital is purchasing power, not just the quantity.

Remember, during the high-rate regime (consistently above 20%), we still had negative real returns because inflation was even higher. Today, even with lower rates, most MMFs are delivering positive real returns.

Rate fluctuation is simply the nature of MMFs; it is not a sign of risk. If anything, this is one of the downsides of MMFs when compared to fixed-income funds that are bond-based.

I encourage everyone here to consider using more than one fund manager and to assign a clear purpose to each MMF. When you do that, rate fluctuations won’t bother you as much.

Please refer to my earlier post on HOW INVESTORS MAKE USE OF MMF.

Remember, making money without tears is our goal!

5 Likes

Re: Mutual Funds by Beeron: 11:25pm On Jan 24

geoeast:
Why is first ally mmf interest rate so high at 26%.
Other mmfs interest rate are not that high.
Should I be concerned

I just checked now. The reason was overnight rate was the highest yesterday so First ally fund managers and other smart fund managers traded in the money market quickly.

Some fund managers are too lazy to chase this overnight rates, they just leave fund to follow the direction of Tbills rates and other short terms loans.

The only thing you should be concerned about is how lazy your fund managers are.

Or they probably have a premium customer class they serving, whom they rush to lock in the best deal for. First Ally has such premium customer service as well which start with 5 million to be eligible.

Secondly, they is something nobody is noticing .... BRB

1 Like

Re: Mutual Funds by bassdow: 12:03am On Jan 25

Babygal2020:
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.

even Nigerian PoliTheifCians never jump like this

Re: Mutual Funds by CallofDuty(m): 8:07am On Jan 25

For me..I just jejely put my money for Renmoney in their Renflex package @17% P.a..I can liquidate instantly at any given time..that is ok for me..I nor de greedy...any rate currently above 20% is a cause for serious concern!

2 Likes

Re: Mutual Funds by michael132(m): 8:43am On Jan 25

If this first ally mmf rate stable like this for a month i will jump to them

Re: Mutual Funds by Preator: 10:09am On Jan 25*

It will likely not pass this week sef. But even their normal rate is one of the best available

Edit
E don adjust to 16.18 already 😁😁

Re: Mutual Funds by Odunharry(m): 10:56am On Jan 25

CallofDuty:
For me..I just jejely put my money for Renmoney in their Renflex package @17% P.a..I can liquidate instantly at any given time..that is ok for me..I nor de greedy...any rate currently above 20% is a cause for serious concern!

Well done. You also get to see your daily interest

1 Like

Re: Mutual Funds by Dondav(m): 1:39pm On Jan 25

Hmmmm....

Re: Mutual Funds by Batman2412(m): 2:02pm On Jan 25*

Dondav:
Hmmmm....

faam mmf too volatile joor. Ma go delete my account. Dem no gree me yet move commot from bronze cos dem still dey verify my address since Friday. The app dey allow me whenever e like. This moment, my phone number and email dey incorrect, next moment I don enter...mtchew

1 Like

Re: Mutual Funds by Batman2412(m): 2:04pm On Jan 25

Too volatile. I'm not doing again. That 26% is the damn glitch, not the previous 14%

Preator:
It will likely not pass this week sef. But even their normal rate is one of the best available

Edit
E don adjust to 16.18 already 😁😁

Re: Mutual Funds by Nobody: 4:00pm On Jan 25

Mmf is daily ooo. It can rise to 25% by Tuesday or fall to 10%.

1 Like

Re: Mutual Funds by Creditalerts: 4:27pm On Jan 25

welzyj2:

Mmf is daily ooo. It can rise to 25% by Tuesday or fall to 10%.

they don't know we complain too much 🤣

Diversify,invest with 3 or more fund managers so that you can always balance the equation ✌🏾

Re: Mutual Funds by Nobody: 4:37pm On Jan 25

Creditalerts:
they don't know we complain too much 🤣

Diversify,invest with 3 or more fund managers so that you can always balance the equation ✌🏾

Exactly oo. Diversify

You can't keep jumping from 1 to another weekly. Na you dey loose and FM dey make more

Re: Mutual Funds by Creditalerts: 6:14pm On Jan 25

@welzyj2 When FirstAlly was 14% I was making progress with trustbanc at 19ish % boom FirstAlly did 26% we cashed out big 🤑🤑

Re: Mutual Funds by Nobody: 8:47pm On Jan 25

Creditalerts:
@welzyj2 When FirstAlly was 14% I was making progress with trustbanc at 19ish % boom FirstAlly did 26% we cashed out big 🤑🤑

mmf is giving you plenty credit alerts grin

Re: Mutual Funds by gabscity(m): 9:38pm On Jan 25

I have ibtc mmf.

I need some money urgently.

Is it better i take a loan against my mmf or I withdraw from my fund. NB... I have cash flow to payback the loan monthly.

I just want to be sure which option is financially wise.

Thanks... please I need response.

Re: Mutual Funds by playces: 9:43pm On Jan 25

How many percent is the interest on the loan. Compare with whats obtainable with ur mmf at the moment.

gabscity:
I have ibtc mmf.

I need some money urgently.

Is it better i take a loan against my mmf or I withdraw from my fund. NB... I have cash flow to payback the loan monthly.

I just want to be sure which option is financially wise.

Thanks... please I need response.

3 Likes

Re: Mutual Funds by Harddiskng(m): 10:04pm On Jan 25

gabscity:
I have ibtc mmf.

I need some money urgently.

Is it better i take a loan against my mmf or I withdraw from my fund. NB... I have cash flow to payback the loan monthly.

I just want to be sure which option is financially wise.

Thanks... please I need response.

With the going interest on loans nowadays, this is not even a question lol.

You will end up paying more on that loan borrow against MMF than spending your own money naa.

3 Likes

Re: Mutual Funds by playces: 10:06pm On Jan 25

MMF is patience. It's not a quick rich scheme. It's the stability and peace it offers people are contented with. 26% 30%, what are the underlying asset. I tire for ppl jump jump too looking for now now interst

Since jan 1 i never even log in my fbnquest. Why do I want to stress myself?.

When interest was 2%, we dey there tgda

bassdow:
even Nigerian PoliTheifCians never jump like this

Re: Mutual Funds by bassdow: 10:09pm On Jan 25

playces:
MMF is patience. It's not a quick rich scheme. It's the stability and peace it offers people are contented with. 26% 30%, what are the underlying asset. I tire for ppl jump jump too looking for now now interst

Since jan 1 i never even log in my fbnquest. Why do I want to stress myself?.

When interest was 2%, we dey there tgda

Sometime ago when I said most Nigerians would use all these MMF and the likes as their new MMM (Ponzi Scheme / HYIP), most thought I had no clue of what I meant. Una don dey see am na

2 Likes

Re: Mutual Funds by bassdow: 10:15pm On Jan 25

Creditalerts:
they don't know we complain too much 🤣

Diversify,invest with 3 or more fund managers so that you can always balance the equation ✌🏾

I reCall sometime last year when I shared I was invloved with up to 3 fund manager, people said all manner of things. Today, most of una don belong pass me.

You see eh, me fit take months or even years to conclude on something BUT the moment I make that choice, I don't easily change even when I see small shakes and cracks here and there. So because of a couple of small unSteady percentages, I go begin stress myself.

dem think say interest rates were the only variable I concidered before choosing any particular fund manager.

Re: Mutual Funds by Jayce242: 7:02am On Jan 26*

playces:
MMF is patience. It's not a quick rich scheme. It's the stability and peace it offers people are contented with. 26% 30%, what are the underlying asset. I tire for ppl jump jump too looking for now now interst

Since jan 1 i never even log in my fbnquest. Why do I want to stress myself?.

When interest was 2%, we dey there tgda

I think it depends on individual approach
If your view is long term with small to moderate capital or even big capital, u don't need to jump. But if u are investing in mmf with a business mindset, then u need to jump, it has nothing to do with get rich quick. People use mmf as business, which they use to finance their daily life expenses, those type would like to make the best out of their capital.

Since I have been investing in mmf I haven't heard any assets managers licensed by SEC folding up, I really don't see the need to start spreading fear. Those jumping are still doing so with fund managers under SEC umbrella. I also don't know why some of u think transferring money from one source to another simply by tapping few buttons on your phone is stress.

4 Likes

Re: Mutual Funds by Jayce242: 7:11am On Jan 26

gabscity:
I have ibtc mmf.

I need some money urgently.

Is it better i take a loan against my mmf or I withdraw from my fund. NB... I have cash flow to payback the loan monthly.

I just want to be sure which option is financially wise.

Thanks... please I need response.

Nothing concern u with loan my brother
Mmf is just like having money in your bank savings account with interest. Use your money to finance your need.

2 Likes

Re: Mutual Funds by Preator: 8:39am On Jan 26

Jayce242:
I think it depends on individual approach
If your view is long term with small to moderate capital or even big capital, u don't need to jump. But if u are investing in mmf with a business mindset, then u need to jump, it has nothing to do with get rich quick. People use mmf as business, which they use to finance their daily life expenses, those type would like to make the best out of their capital. Since I have been investing in mmf I haven't heard any assets managers licensed by SEC folding up, I really don't see the need to start spreading fear. Those jumping are still doing so with fund managers under SEC umbrella. I also don't know why some of u think transferring money from one source to another simply by tapping few buttons on your phone is stress.

In fact, there is no record of any SEC approved MMF Fund manager either defaulting or running away with people's capital. The confidence to move is engendered in how strong the regulations are and well SEC has done it's oversight functions.

For me, the difference between staying with Stanbic over trustbanc is over 400k a month. I am not ready to leave that kind of value on the table when the cost of moving/ barrier to exit and entry is low

4 Likes

Re: Mutual Funds by Nobody: 8:51am On Jan 26

gabscity:
I have ibtc mmf.

I need some money urgently.

Is it better i take a loan against my mmf or I withdraw from my fund. NB... I have cash flow to payback the loan monthly.

I just want to be sure which option is financially wise.

Thanks... please I need response.

It's actually better to take the loan against your mmf

Your capital stays intact and helps you pay the interest on the loan

2 Likes

Re: Mutual Funds by Tolu2024(m): 10:06am On Jan 26

welzyj2:
It's actually better to take the loan against your mmf

Your capital stays intact and helps you pay the interest on the loan

That could depend on the interest rate.
You can’t take a loan where you pay 18% monthly to mmf when your interest is 17% annually .

1 Like

Re: Mutual Funds by Nobody: 11:32am On Jan 26

Tolu2024:
That could depend on the interest rate.
You can’t take a loan where you pay 18% monthly to mmf when your interest is 17% annually .

The tenure, amount, interest rate, and purpose matters.

Not everyone that take loan does so b/c they don't have the liquid cash for it o. This is pure finance

Debt capital has it good sides

3 Likes

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