₦airaland Forum

Creditalerts:
TODAY'S RATE


STANBIC 15.50%🙂🤑

FAAM (FirstAlly) 17.39%😁🤑

STL MMF. 20.11% 🔥 🔥 🔥🤑🤑🤑

TRUSTBANC 19.58%🤑🤑🤑


Kindly Click on my signature to register for STL MMF thank you🙂

suckprick:
Honestly all these people doing equity and stocks dey try. To me there's no difference between those things and sportybet. The both have same thing in common which is tendency to loose your money. Stories I have heard about stocks no nice at all. More grease to una elbow. I no dey do pass myself that's why I stick to MMF.😊

FRANKLYex:
I initiated a withdrawal from my STL wallet since yesterday and it has not dropped till now. Any ideal of what I can do?

Creditalerts:
If it is not SEC APPROVED pls no put body o😁

Batman2412:
I get fixed deposit for FairMoney (29%) wey go mature June. Make i begin worry now or later as them no dey sec register?

FRANKLYex:
I initiated a withdrawal from my STL wallet since yesterday and it has not dropped till now. Any ideal of what I can do?

Batman2412:
I get fixed deposit for FairMoney (29%) wey go mature June. Make i begin worry now or later as them no dey sec register?

Preator:
Frankly, if anyone has funds they dont need till December in MMF, move 90% to an equity fund. You will be better off for it.

The ASI is now over 194.6k today(will likely hit 195k) and is on course to break the 200k barrier. Tap into those gains.

Secondly, there will likely be a rate cut on tuesday by the MPC. This means MMF yields will drop further with investors moving funds to equity further driving equity yields up.

Lastly, you can catch the dividends bubble between Apr and July when most company's start paying their div. Thats an extra 6-8% yield with a timed entry.

If Trumps attack Iran, price of nigerian oil giants will go up also pulling the ASI further up. There will be other impact of course including negative ones.

Of course there will be red days, but ultimately by year end, your equity will likely be more than 15% better than MMF.

Preator:
By the way, always expect a dip when you fund an equity fund.

1. There are charges such as brokerage fees, SEC fees, stamp duty etc that has to be paid from your deposit so it will reduce what you see.

2. Funds have two prices. A buy and sell price. Imagine you enter GTbank to deposit buy USD but to be credited to your account. You will see a sell price (lets say 1450) and a buy price of 1430. The sell price is how much they will sell 1 unit to you. So you pay them 1 unit. But when they credit the 1 unit to gour account, they will show the naira equivalent at the price they will buy from you which is 1430. You still have 1usd in your account, just that the bank will only buy at 1430.

Same thing happens with fund. They sell to you higher but display your asset value at the lower buy price. Quantity remains same. It's a paper loss until u sell.

Batman2412:
Very clear explanation. Are these charges deducted everytime I top up my equity fund or is it a one time thing?

Creditalerts:
Chat customer care on WhatsApp na they are active

FRANKLYex:
I chart them up on the web and it has now dropped, thank you

okenze007:
Good, pls I am new here.
Which is better STL MMF OR STANBIC MMF
Thanks

Beeron:
Well done, chief. You too much.

This is the kind of analysis I like to see from real investors.

Not the stay off equity ... invest without tears bla bla bla I see here often.

You and EquityM are my top G here now.

suckprick:
Honestly all these people doing equity and stocks dey try. To me there's no difference between those things and sportybet. The both have same thing in common which is tendency to loose your money. Stories I have heard about stocks no nice at all. More grease to una elbow. I no dey do pass myself that's why I stick to MMF.😊

Neurotika:
Hmmm….

Creditalerts:
Avoid fintech stay with Stanbic MMF 🙄🙄🙄🥱🚶🏽‍♂️🚶🏽‍♂️🚶🏽‍♂️




My middle name is fintech doubtful people will learn the hard way 🤣🤣🤣🤣

yekini007:
WHY.......?

Neurotika:
Hmmm….

tempest12:
Thanks for sharing.

Any idea how to invest with the first and second MMF, I can't find their app on the play store.

Neurotika:
Hmmm….

Neurotika:
Hmmm….

Niiade:
Checked Meristem and i got something different.

AncestralPowers:
RT Briscoe investment and savings has about 71m naira under management, imagine depositing over 100m naira with them, that means it is your money they are gonna use in learning how to handle cash and risk in the industry, some high interest rate dey high blood pressure, God abeg ohh.

bassdow:
isn't that why they giving +24% interest to attract you. Woman wey no dey get traffic go respond to every DMs and calls BUT the one with enough traffic no dey under pressure. That's why the likes of Stanbic is low and the likes of firstAlly, Norrenberger, is higher AND for those highest, check well dem traffic really really low.

na when Tomatoes don dey loose e value, dem dey increase the quantity come still beg you to buy.