₦airaland Forum

Welcome, Guest: RegisterLoginWith GoogleTrendingRecentNew

Stats: 3,330,728 members, 8,446,839 topics. Date: Friday, 17 July 2026 at 09:57 AM

Toggle theme

Mutual Funds - Investment (493) - Nairaland

Nairaland ForumNairaland GeneralInvestmentMutual Funds (1553008 Views)

1 2 3 ... 490 491 492 493 494 495 496 ... 534 Reply (Go Down)

Re: Mutual Funds by Retro9090: 9:47pm On Mar 10
2%huh
EquityM:
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.
Re: Mutual Funds by suckprick: 11:27pm On Mar 10
Retro9090:
2%huh
Their economy is not as inflated as naija. Interest rate is majorly a reflection of economic inflation.
Re: Mutual Funds by teeboi77: 12:12am On Mar 11
Which app in particular please??I checked the GTworld app I am only seeing balance fund.

Which one is convenient to use

[quote author=Thanos1000 post=138724920][/quote]
Re: Mutual Funds by Nobody: 12:42am On Mar 11
The MMF and fixed deposit rate here are nothing to write home about; however, the fixed income fund annual rate is on par with the Nigerian fixed income fund annual rate. Fixed deposit rate for 12 months (1.20% with tax deducted for foreigners)

Retro9090:
2%huh
Re: Mutual Funds by Bluearrow: 6:11am On Mar 11
EquityM:
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.
Nah 2% for mmf is too low, that is not investment. Better to buy gold. Even dollar mutual fund does far more than 2%, is the currency stronger than dollar?
Re: Mutual Funds by Nobody: 6:56am On Mar 11
1 USD = 31 baht.

The dollar has no value here; however, Asian countries prefer a stronger dollar for tourism and trade purposes. Gold is the king here; nevertheless, only their citizens can access gold trading. One of my coworkers is currently trading gold; she's damn rich. I've signed up for the unhedged equity fund, and I'll see how it works once my KYC has been approved.


Bluearrow:
Nah 2% for mmf is too low, that is not investment. Better to buy gold. Even dollar mutual fund does far more than 2%, is the currency stronger than dollar?
Re: Mutual Funds by adedayo77: 9:13am On Mar 11
This GT money market fund rate of 17.87% looks good compare to Stanbic rate.
Does management fees of 1% net asset value (NAV) apply to capital as well or profit alone?
Re: Mutual Funds by sky404: 12:38pm On Mar 11
pls House,
between Trustbanc money market fund and Stanbic IBTC money market fund,
which is better for now??
cos I want to move my little investment from Stanbic IBTC to Trustbanc money market fund,
as TrustBanc mmf is Giving a much higher percentage interest than Stanbic IBTC mmf.
Trustbanc mmf is 19.95%
Stanbic IBTC mmf is 15.46%

please I need a very sincere unbiased advice.
Re: Mutual Funds by Creditalerts: 1:25pm On Mar 11
sky404:
pls House,
between Trustbanc money market fund and Stanbic IBTC money market fund,
which is better for now??
cos I want to move my little investment from Stanbic IBTC to Trustbanc money market fund,
as TrustBanc mmf is Giving a much higher percentage interest than Stanbic IBTC mmf.
Trustbanc mmf is 19.95%
Stanbic IBTC mmf is 15.46%

please I need a very sincere unbiased advice.
please stay with stanbic because trustbanc no get space ,if u are a new Comer on this thread read other pages
Re: Mutual Funds by Creditalerts: 1:26pm On Mar 11
👋
Re: Mutual Funds by sky404: 1:40pm On Mar 11
How do you mean,
when you say they no Get space??

I want to learn.

Are they NOT Good??

Creditalerts:
please stay with stanbic because trustbanc no get space ,if u are a new Comer on this thread read other pages
Re: Mutual Funds by rukyboy(m): 1:58pm On Mar 11
sky404:
pls House,
between Trustbanc money market fund and Stanbic IBTC money market fund,
which is better for now??
cos I want to move my little investment from Stanbic IBTC to Trustbanc money market fund,
as TrustBanc mmf is Giving a much higher percentage interest than Stanbic IBTC mmf.
Trustbanc mmf is 19.95%
Stanbic IBTC mmf is 15.46%

please I need a very sincere unbiased advice.
Come join us at Gtb mmf
Re: Mutual Funds by enque(f): 2:09pm On Mar 11
shocked shocked
Creditalerts:
please stay with stanbic because trustbanc no get space ,if u are a new Comer on this thread read other pages
Re: Mutual Funds by Nobody: 9:16pm On Mar 11
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
I belive March red is due to the new year share price getting balanced and people adjusting to some stocks for dividend purposes
Re: Mutual Funds by Nobody: 9:17pm On Mar 11
Retro9090:
2%huh
Lol...high interest rate is a reflection of bad microeconomic situation
Re: Mutual Funds by Nobody: 9:20pm On Mar 11
sky404:
How do you mean,
when you say they no Get space??

I want to learn.

Are they NOT Good??
You can join trustbanc

Just check previous pages to see the name of their app, and sign up
Re: Mutual Funds by doggedfighter(f): 9:51pm On Mar 11
sky404:
pls House,
between Trustbanc money market fund and Stanbic IBTC money market fund,
which is better for now??
cos I want to move my little investment from Stanbic IBTC to Trustbanc money market fund,
as TrustBanc mmf is Giving a much higher percentage interest than Stanbic IBTC mmf.
Trustbanc mmf is 19.95%
Stanbic IBTC mmf is 15.46%

please I need a very sincere unbiased advice.
Go for Trustbanc. It's very good. I left Stanbic MMF for Trustbanc and I am happy I did.
Re: Mutual Funds by Iamblessed8888: 9:54pm On Mar 11
welzyj2:
I belive March red is due to the new year share price getting balanced and people adjusting to some stocks for dividend purposes
Makes sense
Re: Mutual Funds by teeboi77: 12:41am On Mar 12
Where can I subscribe for GTB mmf? GTworld app or where pls


rukyboy:
Come join us at Gtb mmf
Re: Mutual Funds by Creditalerts: 11:39am On Mar 12
doggedfighter:
Wow, project just from earnings.

You must have up to a billion there .

Wow !
Yes you may be right 😁bloom on cowrywise, big investments on STL MMF then Big on FAAM.NO CAPPING 👍🏾✌🏾

Re: Mutual Funds by Gabriel411: 2:11pm On Mar 12
Ugh… the market’s crashing again today.
Re: Mutual Funds by doggedfighter(f): 2:15pm On Mar 12
Creditalerts:
Yes you may be right 😁bloom on cowrywise, big investments on STL MMF then Big on FAAM.NO CAPPING 👍🏾✌🏾
😁
Re: Mutual Funds by rubi96(f): 4:05pm On Mar 12
Good afternoon. How can one invest in gold?
Re: Mutual Funds by pluto09(m): 6:17am On Mar 13
Creditalerts:
Yes you may be right 😁bloom on cowrywise, big investments on STL MMF then Big on FAAM.NO CAPPING 👍🏾✌🏾
How can one register with trust bank mmf directly since we can't do that through cowrywise again
Re: Mutual Funds by rukyboy(m): 9:26am On Mar 13
teeboi77:
Where can I subscribe for GTB mmf? GTworld app or where pls
Gtworld app
Re: Mutual Funds by rukyboy(m): 11:40am On Mar 13
These mumu GTB people are telling me it will take 24hrs to receive redeemed funds.


I'm disappointed!!
Re: Mutual Funds by Crossblueart: 12:42pm On Mar 13
I think that's kinda the norm.

Cowrywise is the same. You can get it to your stash almost immediately but transferring your redeemed funds straight to your bank account takes 24 hours. Cardinal Stone takes between 2 - 3 business days. Those are the two I've withdrawn from so far.

rukyboy:
These mumu GTB people are telling me it will take 24hrs to receive redeemed funds.


I'm disappointed!!
Re: Mutual Funds by Preator: 1:56pm On Mar 13
Crossblueart:
I think that's kinda the norm.

Cowrywise is the same. You can get it to your stash almost immediately but transferring your redeemed funds straight to your bank account takes 24 hours. Cardinal Stone takes between 2 - 3 business days. Those are the two I've withdrawn from so far.
I think a few do near instant. I use stanbic when i need funds beyond the cowrywise 24hours window. You can withdraw by 8am and get it before 12 with stanbic. Every FM get their pros and cons
Re: Mutual Funds by rukyboy(m): 2:46pm On Mar 13
At least . Stanbic is fast. Tho not instant.

I give it to them
Re: Mutual Funds by Neurotika: 3:41pm On Mar 13
Preator:
I think a few do near instant. I use stanbic when i need funds beyond the cowrywise 24hours window. You can withdraw by 8am and get it before 12 with stanbic. Every FM get their pros and cons
Well, I guess it depends on how much you're trying to take out from them. I was handed a form to fill when I wanted pulling out 18m few weeks back. This is almost 4 days after sending them a mail. But another FM (and it's not even one of the popular ones) liquidated 54m for me the same day I sent them a mail request. Different strokes perhaps….
Re: Mutual Funds by ezef2k4(m): 4:45pm On Mar 13
Where una dey see this money?

Neurotika:
Well, I guess it depends on how much you're trying to take out from them. I was handed a form to fill when I wanted pulling out 18m few weeks back. This is almost 4 days after sending them a mail. But another FM (and it's not even one of the popular ones) liquidated 54m for me the same day I sent them a mail request. Different strokes perhaps….
Re: Mutual Funds by Preator: 4:47pm On Mar 13
Neurotika:
Well, I guess it depends on how much you're trying to take out from them. I was handed a form to fill when I wanted pulling out 18m few weeks back. This is almost 4 days after sending them a mail. But another FM (and it's not even one of the popular ones) liquidated 54m for me the same day I sent them a mail request. Different strokes perhaps….
My post was on the app withdrawal which is for 5m and below. For higher amounts, its usually slower
1 2 3 ... 490 491 492 493 494 495 496 ... 534 Reply

Top 10 Mutual Fund Managers In NigeriaMutual Funds In Nigeria: Please Share Your ExperienceBest Nigerian Mutual Funds To Invest In?234

Treasury Bills In NigeriaCrypto Currency Investors ThreadNigerian Stock Exchange Market Pick Alerts

Viewing this topic: Beeron, Missmuffet, Druss(m) and 1 guest(s)