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Mutual Funds - Investment (472) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1538695 Views)

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Re: Mutual Funds by Batman2412(m): 2:29pm On Feb 10
I saw it. It sucks
IamtheDef:
Who is seeing this update that Cowrywise just introduced? or is it just me? you cannot select individual funds to invest in again, it now comes as a basket of different funds.
Re: Mutual Funds by LoriHamo: 3:59pm On Feb 10
Existing

t33why:
On your existing investment? Or new ones too?
Re: Mutual Funds by suckprick: 4:01pm On Feb 10
This cowrywise wan start to cheat people. They will now collect people's money, invest it on trustbanc themselves, get 19% and pay out 16.7%. Ojoro people. Make they sha preserve my money with them o. Make nothing do am at all.
Re: Mutual Funds by LoriHamo: 4:06pm On Feb 10
Exactly....how did they expect people to invest in UCAP MMF with rate of 15:30% while there is another manager with 19.56%...make it make sense....

Even in equity....very high risk investment....I should be the one choosing the fund manager to trust my money with....



suckprick:
This cowrywise wan start to cheat people. They will now collect people's money, invest it on trustbanc themselves, get 19% and pay out 16.7%. Ojoro people. Make they sha preserve my money with them o. Make nothing do am at all.
Re: Mutual Funds by Creditalerts: 4:17pm On Feb 10
Last week cowrywise trustbanc and trustbanc itself recorded a lot of new investments,you can still download trustbanc prime pro and invest with them directly for new investors,for new investors I guess cowrywise is trying to synchronize your funds by spreading it across 😁


I miss MMF SHOPPING via cowrywise 🥲
Re: Mutual Funds by Ewaoluwayemi: 7:10pm On Feb 10
can anyone advise on FBNQuest (mutual fund)? Is anyone already invested in it? I was informed today that the current rate is 17%. How true is this, please?
Re: Mutual Funds by Creditalerts: 7:16pm On Feb 10
Make I provoke nay sayers small🤣🤣🤣



More wins to everyone, more money🤑💰

Re: Mutual Funds by Preator: 7:22pm On Feb 10
Creditalerts:
Last week cowrywise trustbanc and trustbanc itself recorded a lot of new investments,you can still download trustbanc prime pro and invest with them directly for new investors,for new investors I guess cowrywise is trying to synchronize your funds by spreading it across 😁


I miss MMF SHOPPING via cowrywise 🥲
It was great while it lasted. Lets see what MPC meeting brings later this month.
Re: Mutual Funds by Creditalerts: 7:27pm On Feb 10
Preator:
It was great while it lasted. Lets see what MPC meeting brings later this month.
I know Nigerian factor might play out but I'm very sure and confident that the impact will be minimal like a dot in a circle .🙂
Re: Mutual Funds by david4mex: 8:55pm On Feb 10
I seriously don't understand this FBN Asset MMF. The website is not user friendly at all. I initially intended going in 50% of my capital with them,but i am highly discouraged.
For instance, throughout today, i haven't been able to log in into my account because the OTP to my mail comes in after it has expired.
Ewaoluwayemi:
can anyone advise on FBNQuest (mutual fund)? Is anyone already invested in it? I was informed today that the current rate is 17%. How true is this, please?
Re: Mutual Funds by enque(f): 10:42pm On Feb 10
Hope this helps
Ewaoluwayemi:
can anyone advise on FBNQuest (mutual fund)? Is anyone already invested in it? I was informed today that the current rate is 17%. How true is this, please?

Re: Mutual Funds by enque(f): 10:44pm On Feb 10
Don't you use the mobile app?
david4mex:
I seriously don't understand this FBN Asset MMF. The website is not user friendly at all. I initially intended going in 50% of my capital with them,but i am highly discouraged.
For instance, throughout today, i haven't been able to log in into my account because the OTP to my mail comes in after it has expired.
Re: Mutual Funds by Alaska90(m): 11:42pm On Feb 10
enque:
Don't you use the mobile app?
The app is not working for new customers....I was told that late last year when I could not register as a new customer
Re: Mutual Funds by enque(f): 11:48pm On Feb 10
Oh wow!
Just hearing this
Alaska90:
The app is not working for new customers....I was told that late last year when I could not register as a new customer
Re: Mutual Funds by Nobody: 12:34am On Feb 11
Do.you have a referral code for prime by Trustbanc?

Also, is Trustbanc doing its compounding monthly or quarterly?
Creditalerts:
Last week cowrywise trustbanc and trustbanc itself recorded a lot of new investments,you can still download trustbanc prime pro and invest with them directly for new investors,for new investors I guess cowrywise is trying to synchronize your funds by spreading it across 😁


I miss MMF SHOPPING via cowrywise 🥲
Re: Mutual Funds by rukyboy(m): 9:57am On Feb 11
I have to give it to stanbic.


Redemption is pretty fast
Re: Mutual Funds by Chidimercy: 10:01am On Feb 11
rukyboy:
I have to give it to stanbic.


Redemption is pretty fast
I have not been able to redeem since today. The redemption code comes in after it have expired since this morning.
Re: Mutual Funds by rukyboy(m): 10:44am On Feb 11
Chidimercy:
I have not been able to redeem since today. The redemption code comes in after it have expired since this morning.
Probably your network.

I redeemed at 6am and received 8.30am
Re: Mutual Funds by ezegold4we: 10:54am On Feb 11
Cardinalstone Equity fund is doing well,i invested #1,013,000 on 9th February and yesterday 10th February,daily return of 2.68% which is #27,162 making it a total of
#1,040,164,
Thats amazing. Let's see what today 11th February rate will bring,

Also cardinalstone balanced fund did well yesterday,i invested #1,008, 000 on 9th February and it yielded #23,000 yesterday 10th, that's 2.28% return, let's see how today 11th February will perform,

We will not only share our winnings, ₦5000 was lost yesterday on the investment of #1,008,500 into cardinalstone alpha fixed income fund bringing down the total funds invested to #1,003,588

I will share the screenshots for emphasis,

But in all, I'm still winning,

Also my cardinalstone money market fund did well yesterday, that's the MMF, it has been doing well since early last year, in this one, you will never see a lost of any kind in ur invested capital but rather every day daily returns,atimes high and sometimes low, that's my major one, i will not share the screenshot here for personal reasons,

I'm only sharing these ones to encourage those that wants to invest into Equity fund, fixed income alpha fund and balanced funds,pls don't take it as a financial advice, do your due diligence and understand the risks and benefits involved before investing.
Re: Mutual Funds by Creditalerts: 11:15am On Feb 11
TODAY'S RATE


STANBIC 15.36%🙂

FAAM (FirstAlly) 18.19%🤑🤑


TRUSTBANC 19.61%🤑🤑🤑💃🕺🏾

Re: Mutual Funds by Creditalerts: 11:17am On Feb 11
Gokoyer0:
Do.you have a referral code for prime by Trustbanc?

Also, is Trustbanc doing its compounding monthly or quarterly?
Quarterly and no referral code on prime pro by trustbanc
Re: Mutual Funds by Nobody: 1:27pm On Feb 11
Ok, got it. So only IBTC is compounding monthly.
Creditalerts:
Quarterly and no referral code on prime pro by trustbanc
Re: Mutual Funds by sharone21(f): 1:48pm On Feb 11
Batman2412:
How does filing of tax returns before 31st March 2026 affect those of us that rely on earnings from mmf?
I'm even more concerned whether those doing MMF, Fixed deposits, Treasury bills (and all that takes 10% WHT) are entitled to a TCC( Tax Clearance Certificate), which may be essential for some stuffs eg travel, etc?

Those knowledgeable on this should please comment
Re: Mutual Funds by Sirchiboy: 1:49pm On Feb 11
ezegold4we:
Cardinalstone Equity fund is doing well,i invested #1,013,000 on 9th February and yesterday 10th February,daily return of 2.68% which is #27,162 making it a total of
#1,040,164,
Thats amazing. Let's see what today 11th February rate will bring,

Also cardinalstone balanced fund did well yesterday,i invested #1,008, 000 on 9th February and it yielded #23,000 yesterday 10th, that's 2.28% return, let's see how today 11th February will perform,

We will not only share our winnings, ₦5000 was lost yesterday on the investment of #1,008,500 into cardinalstone alpha fixed income fund bringing down the total funds invested to #1,003,588

I will share the screenshots for emphasis,

But in all, I'm still winning,

Also my cardinalstone money market fund did well yesterday, that's the MMF, it has been doing well since early last year, in this one, you will never see a lost of any kind in ur invested capital but rather every day daily returns,atimes high and sometimes low, that's my major one, i will not share the screenshot here for personal reasons,

I'm only sharing these ones to encourage those that wants to invest into Equity fund, fixed income alpha fund and balanced funds,pls don't take it as a financial advice, do your due diligence and understand the risks and benefits involved before investing.
Which app can I see all these options
Re: Mutual Funds by freeman67: 2:27pm On Feb 11
Please for those using Cardinalstone and First Ally which of the MMF do you want think is better? My better is not necessarily higher rate. My better is ease of navigating the website and app, ease of redemption of proceed when required, easy of depositing funds and good customer service.
Re: Mutual Funds by ezegold4we: 2:32pm On Feb 11
Cardinalstone app
Sirchiboy:
Which app can I see all these options
Re: Mutual Funds by Jayce242: 2:41pm On Feb 11
freeman67:
Please for those using Cardinalstone and First Ally which of the MMF do you want think is better? My better is not necessarily higher rate. My better is ease of navigating the website and app, ease of redemption of proceed when required, easy of depositing funds and good customer service.
No fund manager beat First ally when it comes to ease of operation & payments. For me they are the best. Everything about the app is fast.
Re: Mutual Funds by rukyboy(m): 5:47pm On Feb 11
Chidimercy:
I have not been able to redeem since today. The redemption code comes in after it have expired since this morning.
.

It happens like that sometimes.

Check your mail. It gets there instantly
Re: Mutual Funds by emmasoft(m): 5:59pm On Feb 11
freeman67:
Please for those using Cardinalstone and First Ally which of the MMF do you want think is better? My better is not necessarily higher rate. My better is ease of navigating the website and app, ease of redemption of proceed when required, easy of depositing funds and good customer service.
Although I have not personally used Cardinastone, compared to other firms, First Ally app (myinvestar) stands out in addressing your concerns. In addition, the app offers other investment products beyond the Money Market Fund (MMF) that you may find beneficial.

Kindly use my code, SA-Emma if you decide to go with them.
Please note that my recommendation is purely based on an objective review, not necessarily because I'm their Rep.
Re: Mutual Funds by Sirchiboy: 6:33pm On Feb 11
ezegold4we:
Cardinalstone app
How much can I put to be getting 15 to 20k daily
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