₦airaland Forum

Harddiskng:
It is like Stanbic and gross underperformance are 5 & 6 now.

Why on earth is their Equity fund doing 10% YTD

People keeping money with Stanbic obviously have nothing better to do with it

Harddiskng:
It is like Stanbic and gross underperformance are 5 & 6 now.

Why on earth is their Equity fund doing 10% YTD

People keeping money with Stanbic obviously have nothing better to do with it

LoriHamo:
I do not want to believe they are that bad.... my mind tells me it's a deliberate shortchanging/ rip-off of their customers.....

I am tired already....I want to re-base my portfolio with them....I made a withdrawal for some part of my MMF with them into my wallet....I never get value..... and I wanted to put the money in their Equity and Imaan fund o o

Made same day withdrawal from Cardinal stone....I have gotten value since yesterday morning....


Says a lot about traditional banks and fear of "online" app...

Mtchewwwssss

LoriHamo:
Why are you not asking about this in the EQUITY group though...

IamtheDef:
Unfortunately cowrywise isn't what it used to be in terms of being able to decide for yourself what fund manager to choose. I'm not sure there's much guiding to do with the new update, they basically just choose for you by averaging the offers on their platform.

ugwumichael:
I opened a GtMMF yesterday and funded same yesterday but Interest for yesterday has not been added till now, so I want to know, how often do they add their interest. Daily or weekly or monthly

fantomziony:
Am i the only one having issues with the myinvestar app and the first ally website

jurjes:
Pls guide me on how to invest in equities on cowrywise. Many thanks

IamtheDef:
Unfortunately cowrywise isn't what it used to be in terms of being able to decide for yourself what fund manager to choose. I'm not sure there's much guiding to do with the new update, they basically just choose for you by averaging the offers on their platform.

Smattrader:
Yes, it's general. Experiencing the same- telling me my network needs to be checked bla bla. Glad you pointed this out.

Perhaps , they are doing some background update.

Harddiskng:
I trade stocks myself, I have like 6 months experience and I am still learning my YTD is 16%.

Someone please tell me how experienced investment managers of Stanbic IBTC are doing 10% YTD

All Stanbic’s returns across different investments lines are getting really really ridiculous



Equity fund is a type of “Mutual fund” incase you don’t know.

Read the topic of this trend. You have now learnt something new today.

emmasoft:
@Smarttrade, a notice was sent to that effect that the app is experiencing some downtime. It will be fixed shortly

Creditalerts:
@emmasoft the brain behind FirstAlly is one of the brain behind first bank ,I don't just invest I go deep to know more about the fund manager.
Investors should consider the following factors: Regulation: Ensure the Mutual Fund is registered and authorized by the SEC. Transparency: Check for publicly available information and regular updates from the Fund Manager. Fund Manager’s Pedigree: Research the Fund Manager’s experience and accessibility. Returns: Determine if the expected returns (fixed or variable) align with your investment goals. Features: Understand the specific features of the Mutual Fund, such as income distribution frequency, to ensure they meet your needs.

Preator:
I do only their managed equities. For my individually picked stocks, i use Meritrade. CSL is a good stockbroker also.

My advise, stick to managed portforlios. Unfortunately the new Cowrywise update affected equity offers also. The closest i can see is the Balanced portfolio nw.

You may want to check out other fund managers with good managed equity portfolios

Cc Beeron
Creditalerts
Emmasoft

emmasoft:
@Creditalerts, your findings are noted, and it's correct. However, that does not make First Ally a subsidiary of First Bank or part of its HoldCo structure. “First” is simply a brand name in this context.

Investors can certainly have confidence in a firm based on the pedigree, experience, and track record of its promoters and management team. That said, First Ally operates as a completely separate and independent asset management firm.

In the financial services industry, it is common to see historical or professional connections among key individuals across different institutions. However, such relationships do not translate into operational, ownership, or contractual obligations between the companies involved.

As you rightly know, registration and regulation by the SEC remain the fundamental requirements for operating in the fund management space.

We have seen similar scenarios in the industry—for example, historical professional links between GTB and Investment One—but that does not mean they are connected in terms of ownership or operational commitment. Likewise, the founders of Access Bank previously worked at GTB, yet both institutions operate independently.

In summary, First Ally is entirely separate from First Bank in terms of ownership, operations, and contractual commitments.

Harddiskng:
It is like Stanbic and gross underperformance are 5 & 6 now.

Why on earth is their Equity fund doing 10% YTD

People keeping money with Stanbic obviously have nothing better to do with it

Creditalerts:
I know they are separate entities ,my point is knowledge based on financial management/matters.

Regards✌🏾.

Princewalexy99:
Sometimes, it depends on when you invested and when your investment is confirmed, if done or confirmed earlier in the morning before 2:00 pm.


But in most cases, one doesn't always get interest credited or accrued same day investment especially if done not earlier. But be rest assured, from today at about 3:00pm-4:30 pm, you will start noticing interest getting added to ur capital.

ugwumichael:
Alright
Thank you

jurjes:
Is equity the one that shows YTD percentage on cowrywise?

Creditalerts:
I'm a conservative investor (low risk) so I avoid equity investments no matter how juicy it may be but I wish equity investors good luck and success 😉

Gokoyer0:
The one that says it has high risk tolerance. The equity portfolio. It's at 15.35% YTD right now. That is their equity portfolio now.

Creditalerts:
I know they are separate entities ,my point is knowledge based on financial management/matters.

Regards✌🏾.

Coolis:
You are to blamed or responsible for what cowry has done by channelling all investment into one pool. You are always promoting trustbanc here displaying/ comparing their daily rate with other fund managers, there by sending heavy traffic of investors to their platforms. Cowries realized this and decided to invest for people instead of allowing them to go to Trustbanc directly through their platform.
New investors must go to Trustbanc platform directly which is a bit of challenge or not as easy as accessing via cowrywise. Creditalerts, you do this one, you nor try at all. You just cast the ease of accessing trustbanc via cowrywise.

suckprick:
Does this make any sense to you? An individual on nairaland broadcasting rate is influencing the decision of a company controlling billions of naira investment? What is the essence of displaying different MMF in the first place if not for freedom of choice. Abi I go see 19% go put money for 15%? Cowrywise know wetin dem dey do. They will invest in trustbanc themselves @19% and pay us 16% which is a bad thing to do.

So stop blaming an individual helping people with best MMF choice here abeg.

suckprick:
Does this make any sense to you? An individual on nairaland broadcasting rate is influencing the decision of a company controlling billions of naira investment? What is the essence of displaying different MMF in the first place if not for freedom of choice. Abi I go see 19% go put money for 15%? Cowrywise know wetin dem dey do. They will invest in trustbanc themselves @19% and pay us 16% which is a bad thing to do.

So stop blaming an individual helping people with best MMF choice here abeg.

Babygal2020:
Please how can I check GT mutual funds rate?
Stanbic don tire me