₦airaland Forum

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.

Its the other way. They compound monthly but pay interest quarterly

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

See below. Its about 43k per million ( per year)

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.

The bolded is not correct. Stanbic does monthly compounding but if you require your interest to be paid to your account, it's done quarterly. At Ieast I use Stanbic and I know that at the end of everything month, my interest is added to my principal unlike FBN Quest and UCap that the addition is quarterly.

Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

In practical sense, you clearly presented both cases. 19% at quarterly compounding is the best. I'm sticking with trustbanc for now. My interest from January will compound on the 3rd of next month.

Preator:
See below. Its about 43k per million ( per year)

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.

@Stockhunter, the bolded is the other way round. Both payouts and reinvestments are quarterly for others, except Stanbic, which reinvests monthly and payout quarterly. In fact, Stanbic has done some different schemes when it comes to interest utilization; there was even a time when the interest would be reinvested within a few days or even a day.
They started, like others, with quarterly reinvestment or payment depending on the interest utilization an investor opt for.
The current one is monthy reinvestment and a quarterly payout.

Actually, fund managers are free to adopt different interest utilization schemes different from the norms, so far SEC doesn't frown at it.

Preator:
Its the other way. They compound monthly but pay interest quarterly

Correct!

freeman67:
The bolded is not correct. Stanbic does monthly compounding but if you require your interest to be paid to your account, it's done quarterly. At Ieast I use Stanbic and I know that at the end of everything month, my interest is added to my principal unlike FBN Quest and UCap that the addition is quarterly.

Correct!

welzyj2:
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

I started using them after the merger. I can see my cash contribution with each. They simply split it into 4 equal parts.

Babygal2020:
Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

If ur nearest future is very near, why build now though? You could japa first and build later. The liquid assets provide a buffer during your transition phase.

I've never been to Abia, so i'll allow those who live there give u an estimate.

Thank you.

emmasoft:
@Stockhunter, the bolded is the other way round. Both payouts and reinvestments are quarterly for others, except Stanbic, which reinvests monthly and payout quarterly. In fact, Stanbic has done some different schemes when it comes to interest utilization; there was even a time when the interest would be reinvested within a few days or even a day.
They started, like others, with quarterly reinvestment or payment depending on the interest utilization an investor opt for.
The current one is monthy reinvestment and a quarterly payout.

Actually, fund managers are free to adopt different interest utilization schemes different from the norms, so far SEC doesn't frown at it.

Babygal2020:
Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

Which sector of business are u into ma'am.. if its sustainable then start building..

Babygal2020:
Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

Elaborate more on the 2bdrm. You mean bungalow, a storey building with blocks of 2bdrm flat each (twin)? I am an engineer and can guide you properly on what to do and if you want we can handle the project for you.

suckprick:
Elaborate more on the 2bdrm. You mean bungalow, a storey building with blocks of 2bdrm flat each (twin)? I am an engineer and can guide you properly on what to do and if you want we can handle the project for you.

Bungalow, my boss.

Preator:
If ur nearest future is very near, why build now though? You could japa first and build later. The liquid assets provide a buffer during your transition phase.

I've never been to Abia, so i'll allow those who live there give u an estimate.

Exactly my fear. Na why I no wan touch our savings. It should be at least 60M by the time we are ready. But then, I don't want to put all eggs in a basket.

Emzedz:
Which sector of business are u into ma'am.. if its sustainable then start building..

It's an online business though(crypto trading etc). I intend diversifying into offline business this year though. But I'm skeptical, mey I no go lose my capital. Lol

Please Ma, there is a special thread for properties, go there and get more info on your questions regarding properties.

This is a mutual fund thread, please don't derail our discussions here, because it might discourage others from coming here to learn about mutual funds and also discourage our financial experts here to guide us accordingly.

Please relocate your topic to the appropriate thread

Babygal2020:
Unrelated!

How much can I use to build twin two bedroom flat in Aba, Abia State?

My husband and I have about 52M in mutual funds which generates about 600k monthly.

I'm considering japa in the nearest feature(the more reason I don't want to touch our capital, 52M)

I own a business which I save at least 300k every month.
The major contribution will come from me though.

AncestralPowers:
Please Ma, there is a special thread for properties, go there and get more info on your questions regardind properties.

This is a mutual fund thread, please don't derail our discussions here, because it might discourage others from coming here to learn about mutual funds and also discourage our financial experts here to guide us accordingly.

Please relocate your topic to the appropriate thread

Oh! You think so? It's okay.

.

Yes. Let's focus on all matters relating to mutual funds, please. Find a thread that is related with your question and go ask there.

Oh! You think so? It's okay.[/quote]

Preator:
I started using them after the merger. I can see my cash contribution with each. They simply split it into 4 equal parts.

Wow. Not bad but can you determine the split amongst them?

welzyj2:
Wow. Not bad but can you determine the split amongst them?

Yes. 25% each

Preator:
Yes. 25% each

Not bad then. The update from cowry is nice on the equity side

Is this also the case for mmf...any idea

Good morning beautiful People,I would like to invest in GTB MMF,kindly advice on the best way and link to register with them and start investing.

Regards

[quote author=teeboi77 post=138721397]Good morning beautiful People,I would like to invest in GTB MMF,kindly advice on the best way and link to register with them and start investing.

Regards[/quote
Use their app. Go to the product section. You'll see MMF there. Register and get started

Preator:
See below. Its about 43k per million ( per year)

What app is this?

Who knows anything about Medallion Fund? The largest hedge fund in the world and they donot hire Finance People. They trade using mathematical algorithms and believe the market follows a mathematical pattern more than anything else. Infact they believe wall street and Finance folks do not know anything about how the market works.

If you had invested 100dollars with them in 1988 when they started out, you would be worth 400milllion plus now.

Seeing this screenshot from EquityM shows a historical trend of red in March. Perhaps medallion has a point

The new equity I want to dive into with my foreign bank here is more like a hedge fund; I will update how it goes once I sign up today at the bank.

Iamblessed8888:
Who knows anything about Medallion Fund? The largest hedge fund in the world and they donot hire Finance People. They trade using mathematical algorithms and believe the market follows a mathematical pattern more than anything else. Infact they believe wall street and Finance folks do not know anything about how the market works.

If you had invested 100dollars with them in 1988 when they started out, you would be worth 400milllion plus now.

Seeing this screenshot from EquityM shows a historical trend of red in March. Perhaps medallion has a point

EquityM:
The new equity I want to dive into with my foreign bank here is more like a hedge fund; I will update how it goes once I sign up today at the bank.

Nice. I pray it makes sense so you can stop hurting from FX conversion issues

It does around 42YTD annually, the stocks are from China, Japan, South Korea, and the Netherlands. I just got an email from the bank offering their mutual funds; I guess they ran a check on my account and saw I do investments back home. Their MMF is 2% annually.

Iamblessed8888:
Nice. I pray it makes sense so you can stop hurting from FX conversion issues