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Mutual Funds - Investment (491) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1537586 Views)

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Re: Mutual Funds by Stockhunter: 4:49pm On Mar 05
Please keep up the good work with the updates... You are appreciated.

Creditalerts:
FAAM=21.O6%🥵🤑🤑🤑 🔥🔥🔥 ,stanbic=15.42%🙂
Re: Mutual Funds by emmasoft(m): 5:00pm On Mar 05
emmasoft:
Guide to opening an investment account with different Fund managers

Norrenbeger
- click the second link on my signature
- click Individual if you are opening personal MMF account or corporate if a company account
- complete the four sections of the form- personal info, Next of Kin, Bank Details and ID verification
- click submit.
You don't need to do any other thing after submitting irrespective of whatever is displayed, you are to wait, within 24hrs a mail containing your account details and the collection account will be sent to you.
To get the best and seamless onboarding experience, let the downloading of the app come after you have made your first deposit. It's always best to first set up your account on the web portal following the steps I just outlined.

First Ally- owner of Myinvestar app
Download Myinvestar app from play store or ios. See the attached so you know how the app look like
- click install
click create an account
- pick new customer? click here option
- fill your name and email address
- use SA-Emma as referral code
- click continue
once your account is created and your bvn is verified you will be given a virtual account through which you can fund your MMF account.
- as you deposit, your funds reflect immediately irrespective of the time or day of the week

Stanbic
- click the first link on my signature
- fill your email and phone number
- complete the three fields of the form - Account details , personal setup profile and verify confirm OTP
- once you login, to your account it's automatically basic, then click on UPGRADE and submit your kyc to have a premium account that has unlimited features.
- get your personalized Stanbic wallet account through which you will fund your MMF account.

Investment One (for stock, fixed income, TBills, and target savings)

- click the 3rd link in my signature
- pick individual as type of account
- select fixed income and stockbroking as products
- Click continue and complete the other parts of the form.
- Once you submit, check your email for a confirmation that your details got to their server.

SFS -Fixed income Fund

For the SFS fixed income fund, click this link https://sfsfund.com/register?referral=4GJ0I3Q21G and complete the form.

For Chapel Hill MMF, or if you need any support or clarification on the above guide, call or chat with me. The number is in my signature
You will be well guided.

Please note, following the the guide above doesn't make me your fund manager but rather you are a direct customer with any of the fund manager you decide to go with.

But be sure if you sign up with any of the above mentioned firms, you are sure of maximum support from me and another officer will also be attached to you to satisfy you on any request.

Thank you.
Particularly for the newbies or those who wish to engage other fund managers, I have to quote this post. Please note that all the fund managers represented are SEC-registered and regulated.
Let's continue to invest with knowledge and the right information for good returns.

You are free to reach out to me on stocks and mutual funds matters.
Re: Mutual Funds by yungmin: 7:18pm On Mar 05
david4mex:
Yes that is the account i pay to. Its a GTB account number. The account name is Squad GTFUND Managers
Account name is different from bank where account is domiciled. GTfund managers still uses citi bank
Re: Mutual Funds by Creditalerts: 7:43pm On Mar 05
Preator:
Wow, i haven't logged on in a while. Make i go check am o.
check am brotherly 🫂
Re: Mutual Funds by Creditalerts: 7:45pm On Mar 05
Stockhunter:
Please keep up the good work with the updates... You are appreciated.
I'm highly honored, I'm here for everybody but I belong to nobody 🤑✌🏾
Re: Mutual Funds by Creditalerts: 7:45pm On Mar 05
Think smart🤑🤑🤑

Re: Mutual Funds by playces: 8:15pm On Mar 05
How can I get the first ally app

Creditalerts:
Think smart🤑🤑🤑
Re: Mutual Funds by Creditalerts: 8:46pm On Mar 05
playces:
How can I get the first ally app
go to Google play store and download the image below

Re: Mutual Funds by FRANKLYex: 9:15pm On Mar 05
Creditalerts:
Think smart🤑🤑🤑
Please do you have any ideal on SLT balanced Fund? I mistakenly funded it today instead of my regular MMF. Can I just initiate a withdrawal or it worth trying?
Re: Mutual Funds by Bluearrow: 9:21pm On Mar 05
FRANKLYex:
Please do you have any ideal on SLT balanced Fund? I mistakenly funded it today instead of my regular MMF. Can I just initiate a withdrawal or it worth trying?
I will advise u to withdraw your money to mmf if that was your original intention. I see Balanced fund as mmf that comes with loss. You are better off doing mmf or equity.
Re: Mutual Funds by FRANKLYex: 9:41pm On Mar 05
Bluearrow:
I will advise u to withdraw your money to mmf if that was your original intention. I see Balanced fund as mmf that comes with loss. You are better off doing mmf or equity.
Thank for your response. Do I need to worry about the lockdown period? Whatever penalty should be on the accrued interest now
Re: Mutual Funds by Creditalerts: 9:52pm On Mar 05
FRANKLYex:
Please do you have any ideal on SLT balanced Fund? I mistakenly funded it today instead of my regular MMF. Can I just initiate a withdrawal or it worth trying?
yes STL BALANCED FUND is also performing well but you have to wait for 90days before withdrawal to avoid penalty deduction from accrued interest but me I prefer MMF Than any other investments🤑🙂
Re: Mutual Funds by Bluearrow: 10:04pm On Mar 05
FRANKLYex:
Thank for your response. Do I need to worry about the lockdown period? Whatever penalty should be on the accrued interest now
No, lock period only affect your interest. Whatever interest u might have made will still be little. They will only take around 10% from it. So it doesn't really matter
Re: Mutual Funds by FRANKLYex: 10:59pm On Mar 05
Thank you
Re: Mutual Funds by ogoo4real: 12:35pm On Mar 06
Is anyone finding it difficult to login into Norrenberger app/website
Re: Mutual Funds by UncleJudax(m): 7:02pm On Mar 06
The Stanbic account is for the wallet funding.
david4mex:
I started doing Stanbic MMF last month and from the onset, the medium to fund my account is a Stanbic Ibtc account and Zest payment
Re: Mutual Funds by bassdow: 8:01pm On Mar 06
ogoo4real:
Is anyone finding it difficult to login into Norrenberger app/website
Are you aware you said nothing that could be of help to anyOne who seriously want to be of help.

You ought to have shared more information and/or even include what error message you got or whatever it is you observed.

Either way, atimes Norrenberge's website retains cookies such that even when you enter the correct login detail, it keeps failing. That's mostly because some stale information remains in the url. Few times I observed such, I just deleted everything from the address bar leaving just https://customerportal.norrenberger.com . That way, it resets and redirects to a more accurate slug.
Re: Mutual Funds by rukyboy(m): 10:30am On Mar 07
Thanos1000:
Pls someone should explain this to me. I press on merge on gtworld app and I'm just so confuse
Choose gt money market fund
Re: Mutual Funds by Creditalerts: 10:50am On Mar 07
Time to invest ruggedly because the CBN are not sure yet hence to reflect the MPC cut is still not in sight ,so many uncertainty ie election year,middle east crisis happening now☹please invest according to your risk appetite 🤑🤑🤑🕺🏾🕺🏾🕺🏾


But now Nigeria will make more money from crude I pray it reflects in the lives of the common man
Re: Mutual Funds by Nobody: 4:15pm On Mar 07
bassdow:
ever since ordinary man fit afford flight ticket, we begin to hear things we dey happen for motor park begin happen for airPorts. Back in the days, this kind beer parlour talks happening of recent is rarely heard of despite the micro digits then.
🤣 🤣 🤣 🤣
Re: Mutual Funds by Nobody: 4:26pm On Mar 07
Preator:
Chei, u are enjoying o. I joined after the abracadabra. ARM is dragging me down but NGX is a fun place to be in now sha 😊😊
On the cowrywise equity app, do you see your cash contribution in all the equity fund managers?

Just asking to get more info since the merger
Re: Mutual Funds by Nobody: 4:32pm On Mar 07
bassdow:
truth be told, you either could go to a bank (for fund manager affiliated with banks e.g Stanbic, GTB, firstBank, etc) or open it yourself via their website / mobile app.

It's just like registering for Jamb. You either do it yourself via their website or you go to a business Center to assist you.

Now since you have done lots of READINGs, I presume you already know what MMF is but in case you don't; it's basically giving the fund manager your money for some time to earn interest at rates higher than what your bank savings would ever give you.

e.g 15.6% of 100,000 naira is 15,000 naira. Imagine when you save more than 100,000 naira and guess what, you can take your money almost anytime you want actually between 3-hours to 24 to 48 hours again depending on the fund manager.

Interest rates vary with some promising higher rates. You could get rates from 15% to 20% depending on the fund manager.

To get started with one of them, go to https://www.stanbicibtcfundsmanagement.com/invest-now-l8yyj3l8 and fill the form. There's another Norrenberger which promises between 17% and 18%, firstAlly currently doing about 18%, etc.

Get started with one, then feel free to add more as you learn and move ahead.
You didn't add the 15% or any % is divided by 365 days

Your 15k on 100k will only be complete if fund manager does 15% for 365 days. Benefit of compounding interest would make you earn more than 15k at 365 days
Re: Mutual Funds by Nobody: 4:38pm On Mar 07
Creditalerts:
yes so sweet and swift 🤑🤑🤑
Hype master wink
Re: Mutual Funds by excel127(m): 11:11pm On Mar 07
So Firstally withdrawal is limited to just one per day. I've never been so stranded mehn sad
Re: Mutual Funds by emmasoft(m): 2:18am On Mar 08
To all the women in the House

Today, I celebrate all the incredible women who inspire progress every day
I know you have given so much, and you will surely gain even more.

Happy International Women's Day.
Re: Mutual Funds by Preator: 4:48am On Mar 08
emmasoft:
To all the women in the House

Today, I celebrate all the incredible women who inspire progress every day
I know you have given so much, and you will surely gain even more.

Happy International Women's Day.
Happy International Women’s Day!

Today we join the world in celebrating the strength, wisdom, and resilience of women, from our mothers and sisters to the trailblazers shaping Nigeria and beyond.

Let’s continue to uplift one another, break barriers, and create opportunities where every woman can shine.

To all the amazing women in this forum and across our nation: we salute you!
Re: Mutual Funds by Coolis: 7:45am On Mar 08
Let's look at this analysis together please so one can make inform/better decision.

Stanbic at 15% or so compound monthly.

Trustbanc at 19% or so compound quarterly.

Trustbanc on daily basis is producing more output but this output cannot become part of the capital at month end whereas, Stanbic is producing less output on daily basis, which become part of the capital at month end.

Can we say that the difference of about 4% of daily output of trustbanc offset or cancel out whatever gain compounding of 15% of Stanbic would attract monthly before trustbanc's quarterly compounding?

If you were to choose, which of the above will you go for? Thanks
Re: Mutual Funds by Stockhunter:
Even 1 percent difference will produce better outcome to that of the monthly compunding. Have you done the calculation. Not to even talk of 4 percent difference. The difference will be huge if you have huge capital. Your monthly compunding will not even see the back.

Meanwhile sometime ago emmasoft said even Stanbic only pays interest monthly but does not compound until quarterly. I stand to be corrected anyway.

Abeg no compare monthly 15 percent compounding with 19percent quarterly compounding. They are not mates. Even 16 percent quarterly compounding will beat 15 percent monthly compounding by about .90 percent per annum.

Coolis:
Let's look at this analysis together please so one can make inform/better decision.

Stanbic at 15% or so compound monthly.

Trustbanc at 19% or so compound quarterly.

Trustbanc on daily basis is producing more output but this output cannot become part of the capital at month end whereas, Stanbic is producing less output on daily basis, which become part of the capital at month end.

Can we say that the difference of about 4% of daily output of trustbanc offset or cancel out whatever gain compounding of 15% of Stanbic would attract monthly before trustbanc's quarterly compounding?

If you were to choose, which of the above will you go for? Thanks
Re: Mutual Funds by Stockhunter: 7:59am On Mar 08
How many times a day were you planning to withdraw. Its money market fund o not regular bank account. Others with the application experience can explain further.

excel127:
So Firstally withdrawal is limited to just one per day. I've never been so stranded mehn sad
Re: Mutual Funds by Coolis: 8:15am On Mar 08
Following, thank for your input to this matter



Stockhunter:
Even 1 percent difference will produce better outcome to that of the monthly compunding. Have you done the calculation. Not to even talk of 4 percent difference. The difference will be huge if you have huge capital. Your monthly compunding will not even see the back.

Meanwhile sometime ago emmasoft said even Stanbic only pays interest monthly but does not compound until quarterly. I stand to be corrected anyway.

Abeg no compare monthly 15 percent compounding with 19percent quarterly compounding. They are not mates. Even 16 percent quarterly compounding will beat 15 percent quarterly compounding by about .90 percent per annum.
Re: Mutual Funds by Iamblessed8888: 8:20am On Mar 08
Coolis:
Following, thank for your input to this matter
Simple. Plug in your numbers to this calculator. Scenario 1, use monthly compounding with 15% interest rate. Scenario 2, use quarterly compounding with 19%. Let us know what you find.

https://www.bankrate.com/banking/savings/compound-savings-calculator/
Re: Mutual Funds by Smattrader: 8:51am On Mar 08
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