₦airaland Forum

Beeron:
so na so life be?

You don steal my trade mark (poverty is our common enemy)

Creditalerts:
hope say you trade mark am 🤣🤣🤣

Beeron:
while you are new seeking knowledge about MMF, I see you are being courted so to be registered with mentors referral code.

My advice to you is, after registration to (supposedly Stanbic or Norrenberger), do not stick with that one MMF, split your money to different MMF paying higher yield.

My advice is 60% of your fund in Stanbic and 40% sent to cowrywise app to invest in Trustbanc MMF.

If Trustbanc stops being the highest in cowrywise, you can easily switch to the new highest paying mmf right in the cowrywise app.

Beeron:
so na so life be?

You don steal my trade mark (poverty is our common enemy)

Batman2412:
Our Common Enemy Na Poverty. You fit use this one for free if the original one no dey available again

tempest12:
I'm a lover of fintech, all my banking and investment activities are all fintech for a long time now. I'm actually using Trustbanc via COWRYWISE. I just wanted to test the app and know it's flexibility. The only advantage is that you get your withdrawal same day and no charges when investing and withdrawing anytime you wish. COWRYWISE main advantage is weekend withdrawal after 24hours boring count down. Ren Money flexible 17percent which is stable is also good compare to most MMF rate.
For fix deposit, I used fairmoney they have the best rate for fintech so far.
Just for information please..

Batman2412:
Trustbanc is making sense

Preator:
Trustbanc just giving person joy shaa.

I've received quite a few request on equities(stock) investments from folks here. Apologies i cant chat with everyone. My advise will be for y'all to check Beeron's post especially the ones with videos.

Quick nuggets
1. Equity is a share in a particular company. You are becoming one of the owners.
2. When the company makes money, you do too. If they make loss, you lose funds too
3. Your loss is limited to the amount you invested.
4. There are two ways of making money with equities: capital appreciation and dividends.
5. You earn dividends from shares usually when the company makes profits. This is shared based on your number of shares. Sometimes paid monthly, quarterly, biannually, annually, or never.
6. Capital appreciation means the value of the company grows. If you buy and equity at 6 naira( e.g NCR) and it grows to 199 naira, you have made a profit of 193/share. Alternatively, you could buy at $26/ share and it falls to $12 {Gladstone corp. Lost money to that stock sha)
7. There are no guaranteed gains in equity investments. It is very risky. You can have a portfolio move from 5% gain today to a 10% loss tomorrow and swing back a day after.
8. You cant time when to buy stocks. Very difficult ( read efficient market hypothesis. My Uni project was on capital market then sha)
9. If you want to go into equities, buy different stocks from different industries and focus on those that pay dividends. Even when there is a loss in value, you will be chopping the dividends until they recover.
10. If you cant forget the money there for at least 5years, forgte about equities
11. Lastly, equities rarely lose out in the long term. Short term losses are possible but with a well structured portfolio, equity wins in the long run

Meka!!

Beeron:
VDM and Blord case comes to mind.

I need to go trade mark it now lol.

AncestralPowers:
Well said, I want to invest about 100m with either Trustbanc or Norrenberger, please I want you to advise me on how to go about it..

We only know how to make money the old ways and not into fintech.

We are friends now, so don't take it personal, as I am also learning from your write-ups.

Creditalerts:
Lol I av done that already since 2004 🤣🤣🤣

KingCassy:
I have a friend who doesn't want to put all his money in Nigeria mmf… does anyone has any foreign mmf one can do. That of any country someone has tried and has good returns.

Beeron:
I don loose guard.

I gree (hand up), you sharp pass me.

Batman2412:
Trustbanc is making sense

Blackrose71:
It seems norrenberger has been lagging on interest payout recently. I noticed about 2 days payout is missing.Am I alone?

ogoo4real:
It seems there's a delay in updating the interest payout usually after month end. Same thing happened in Jan first week after the year ended. They really need to improve on it. It might take up to Friday for them to update it. Thanks

ogoo4real:
It seems there's a delay in updating the interest payout usually after month end. Same thing happened in Jan first week after the year ended. They really need to improve on it. It might take up to Friday for them to update it. Thanks

jp130:
So far these rate are not below 15%, let's allow these funds do the needful: compounding. What I think should be done is to invest daily, monthly or quarterly depending on our capabilities. Monitoring rates like this makes it look like we are monitoring stock prices daily. Try not to be too attached to these investments and allow them do what they do best: compounding.

Meanwhile don't close both of your eyes.

freeman67:
Tell your friend to open an account with Standard Chartered Bank and download their mobile app. You will see many there. You may also need to have a USD or Pounds account with them as those investments are in either USD or Pounds.

If he is interested he can just mail them sha.

djavo:
I just noticed that Renmoney reviewed their Renflex from 17% to 15%. Anyone noticed this?

Creditalerts:
I know say many investors here are secretly porting too

LoriHamo:
I have not ported yet..
I have spread funds to three places yesterday morning to test run things...

Even Tbills I no go do again for now....my funds will mature my mid July...by then....I would have taken decision on what to do....even with my MMF with Stanbic

Creditalerts:
this test run what is the essence of doing it 🤔🤣

Creditalerts:
this test run what is the essence of doing it 🤔🤣

Blackrose71:
It seems norrenberger has been lagging on interest payout recently. I noticed about 2 days payout is missing.Am I alone?