₦airaland Forum

truthbetold22:
It is important that we wait till the funds update before speculating. Yes, cardinal Stone turned a profit yesterday, Stanbic equity turned a Tiny profit but Zedcrest lost. I lost 7,000 Naira on Zedcrest.

Sometimes, people just look at the total balance which takes time to change, they do not bother to click portfolio, investment, mutual funds to check the actual amount. Zedcrest gained day before yesterday and lost yesterday. I am beginning to think all this ytd are fraudulent. Your ytd cannot increase and you are recording losses. As with everything nigeria, there will always be some level of fraud.

Zedcrest made a loss yesterday. I am not even sure why.

We have said this since I don't even remember how many pages back. If you aren't comfortable with zedcrest, it's best you remove your funds immediately and go to where you believe will give you peace of mind. But let's not spread misinformation abeg. The zedcrest ytd is correct. I put some funds in there when the ytd was 19%. I lost 30k upon subscription and my funds have recovered and gained the correct % since then.


Just because some other fund managers record green doesn't mean all will record green the same day. The daily performance of each equity fund depends on the individual stocks in each fund managers portfolio. EquityM, you know this. So because CD did green doesn't mean Zedcrest must also do green. And as the zedcrest fund was red yesterday, the ytd also went down from 52.38% to 52.13%. So how did it not reflect in the ytd?

People keep opening zedcrest because of high ytd even though on some pages back it was advised to open CS cos Zedcrest app doesn't show breakdowns then will come and say fraud. From numbers not matching to ytd fraud suspicion. Pls let's just advise newbies to open and stick to Cardinal Stone. Abeg

truthbetold22:
Yes, I noticed CS gained around 1.5%. I monitor them daily. Once I recoup my loses from Zedcrest; I ll exit it and stick with cardinal stone. Transparency is much more important to me than profit. Zedcrest ytd rose yesterday but there was a loss.

So how do we justify that?

It is possible some of these fund managers may not be updating their loss consistently.

Uberchic1:
We have said this since I don't even remember how many pages back. If you aren't comfortable with zedcrest, it's best you remove your funds immediately and go to where you believe will give you peace of mind. But let's not spread misinformation abeg. The zedcrest ytd is correct. I put some funds in there when the ytd was 19%. I lost 30k upon subscription and my funds have recovered and gained the correct % since then.


Just because some other fund managers record green doesn't mean all will record green the same day. The daily performance of each equity fund depends on the individual stocks in each fund managers portfolio. EquityM, you know this. So because CD did green doesn't mean Zedcrest must also do green.

People keep opening zedcrest because of high ytd then will come and say fraud. From numbers not matching to ytd fraud suspicion. Pls let's just advise newbies to open and stick to Cardinal Stone. Abeg

It is important we stick to the issues raised. Nobody says all equity funds have to gain daily. In fact, I am more concerned with safety of funds than growth. The idea of this thread is to scrutinize and determine which funds are safest so nor be quarrel.

I also have huge funds there so losses here and there is not a problem for me. However, you should be concerned if ytd increases on a particular day and the fund records losses. This is not the first time we are seeing losses but I am pointing out a pattern.

What I am concerned about is transparency and you should be concerned too. This is Nigeria.

I'm checking the Zedcrest data on the SEC website; the YTD, bid price, and offer price do match.

Uberchic1:
We have said this since I don't even remember how many pages back. If you aren't comfortable with Zedcrest, it's best you remove your funds immediately and go to where you believe will give you peace of mind. But let's not spread misinformation abeg. The zedcrest ytd is correct. I put some funds in there when the ytd was 19%. I lost 30k upon subscription and my funds have recovered and gained the correct % since then.


Just because some other fund managers record green doesn't mean all will record green the same day. The daily performance of each equity fund depends on the individual stocks in each fund managers portfolio. EquityM, you know this. So because CD did green doesn't mean Zedcrest must also do green.

People keep opening zedcrest because of high ytd even though on some pages back it was advised to open CS cos Zedcrest app doesn't show breakdowns then will come and say fraud. From numbers not matching to ytd fraud suspicion. Pls let's just advise newbies to open and stick to Cardinal Stone. Abeg

truthbetold22:
It is important we stick to the issues raised. Nobody says all equity funds have to gain daily. In fact, I am more concerned with safety of funds than growth. The idea of this thread is to scrutinize and determine which funds are safest so nor be quarrel.

I also have huge funds there so losses here and there is not a problem for me. However, you should be concerned if ytd increases on a particular day and the fund records losses. This is not the first time we are seeing losses but I am pointing out a pattern.

What I am concerned about is transparency and you should be concerned too. This is Nigeria.

Well i recorded a gain yesterday on zedcrest. Where did you see the loss?

Iamblessed8888:
Well i recorded a gain yesterday on zedcrest. Where did you see the loss?

Someone said this same thing a few days ago and ended up coming back to say he eventually saw a loss. Zedcrest lost yesterday on my app. I cannot speak for anyone else but I assume everyone gets the same value..

Always look at the actual mutual funds and not the value on the total balance. That takes much more time to update

EquityM:
I'm checking the Zedcrest data on the SEC website; the YTD, bid price, and offer price do match.

I ll note the ytd vs gain/losses over the next week and will update the house.

Thank you.

truthbetold22:
It is important we stick to the issues raised. Nobody says all equity funds have to gain daily. In fact, I am more concerned with safety of funds than growth. The idea of this thread is to scrutinize and determine which funds are safest so nor be quarrel.

I also have huge funds there so losses here and there is not a problem for me. However, you should be concerned if ytd increases on a particular day and the fund records losses. This is not the first time we are seeing losses but I am pointing out a pattern.

What I am concerned about is transparency and you should be concerned too. This is Nigeria.

Again. Do not spread misinformation. The ytd also went down as the fund recorded a loss. It was 52.38% on Thursday and went down to 52.13% on Friday after it updated at 1am. I take screenshots daily to record the gains and losses of my funds. So what exactly is the ytd fraud suspicion based on?


Pages back, it was advised to open and stick to CD if transparency in gains and losses is important to you. That advice still stands. Yet people will ignore and open zedcrest os of high ytd then come with the same complaints.


"nobody says all equity have to gain daily" yet you ar questioning why zedcrest was red when CD and others were green. Sure.

Uberchic1:
Just because some other fund managers record green doesn't mean all will record green the same day. The daily performance of each equity fund depends on the individual stocks in each fund managers portfolio. EquityM, you know this. So because CD did green doesn't mean Zedcrest must also do green.

I honestly don't think the bold is his point, everyone know all fund managers don't have same stocks in their basket, so don't see this as an attack on zedcrest. The issue is YTD update. I asked equity.m this samething few days ago. How come equity market has been doing sideways since last week, but the YTD of some of these fund managers is still flying high? That was why he said if there is anyone that put their funds in January that can confirm the current yield on his capital. We should see reduction & increase swing as market fluctuates, which will make their unit price cheaper, but they all keep flying up.

Bluearrow:
I honestly don't think the bold is his point, everyone know all fund managers don't have same stocks in their basket, so don't see this as an attack on zedcrest. The issue is YTD update. I asked equity.m this samething few days ago. How come equity market has been doing sideways since last week, but the YTD of some of these fund managers is still flying high? That was why he said if there is anyone that put their funds in January that can confirm the current yield on his capital. We should see reduction & increase swing as market fluctuates, which will make their unit price cheaper, but they all keep flying up.

Thank you. I am with 4 different equity funds and this was my concern. Again, I am more concerned about transparency and fund security, not whether one should stick with this or that because it is your favorite or beloved fund manager.

It was a clear message.

Bluearrow:
I honestly don't think the bold is his point, everyone know all fund managers don't have same stocks in their basket, so don't see this as an attack on zedcrest. The issue is YTD update. I asked equity.m this samething few days ago. How come equity market has been doing sideways since last week, but the YTD of some of these fund managers is still flying high? That was why he said if there is anyone that put their funds in January that can confirm the current yield on his capital. We should see reduction & increase swing as market fluctuates, which will make their unit price cheaper, but they all keep flying up.

Then people should just stop investing with zedcrest, no? Each fund performance relies on the selection of stocks.. We all know this. A sector might do well today and one fund manager heavily invested in it so they record heavy green while others who aren't heavily invested in that sector record tiny green or even red. The sector zedcrest invested heavily in did extremely well during the early bull run from January to late February. CD CSOF is even higher. Zrosk is almost on par with zedcrest. People should put their funds there instead if they want high ytd or just stick to regular Cardinal Stone for transparency. This isn't a new topic. Some others have mentioned zedcrest's lack of transparency before and it was heavily advised on this same thread to avoid them and do CD instead.

However, ignoring all the transparency talks a few pages back to still open zedcrest because of high ytd only to come and also complain of transparency. I mean, what is the point 💀

And btw, that person is even wrong about the ytd not reflecting. I posted screenshots to show that the ytd in fact went down a bit and reflected the losses. So let's sha not spread misinformation.

Uberchic1:
Then people should just stop investing with zedcrest, no? Each fund performance relies on the selection of stocks.. We all know this. A sector might do well today and one fund manager heavily invested in it so they record heavy green while others who aren't heavily invested in that sector record tiny green or even red. The sector zedcrest invested heavily in did extremely well during the early bull run from January to late February. CD CSOF is even higher. Zrosk is almost on par with zedcrest. People should put their funds there instead if they want high ytd or just stick to regular Cardinal Stone for transparency. This isn't a new topic. Some others have mentioned zedcrest's lack of transparency before and it was heavily advised on this same thread to avoid them and do CD instead.

However, ignoring all the transparency talks a few pages back to still open zedcrest because of high ytd only to come and also complain of transparency. I mean, what is the point 💀

Do you work for Zedcrest? Cos I do not understand the interest. Are we not all investors? This is a public thread of like minds and we are allowed to question stuff. People complained about zenith equity a few pages back bitterly. I did not see you there trying to school or defend them.

The idea is not to run down any fund. It is just to ask questions from fellow investors and get alternative opinions so chill..

truthbetold22:
Do you work for Zedcrest? Cos I do not understand the interest. Are we not all investors? This is a public thread of like minds and we are allowed to question stuff. People complained about zenith equity a few pages back bitterly. I did not see you there trying to school or defend them.

The idea is not to run down any fund. It is just to ask questions from fellow investors and get alternative opinions so chill..

People complained about zenith being slow. Not about them being fraudulent. I don't work for zedcrest but I recommended the fund pages back and stopped since transparency talk started and I have since also advised people to open CD for transparency and peace of mind. So I don't get why people will ignore all the zedcrest lack of transparency palava and still invest there only to come and complain about the same lack of transparency warned about earlier on in the thread.

You weren't just asking questions but also talking about them being fraudulent based on your own mistake, btw. That type of shit can cause unnecessary panic. If you're asking about ytd, then do so and wait for someone answer. Not jump straight to them being fraudulent with ytd.

@truthbetold

People complained about zenith being slow. Not about them being fraudulent.

You weren't just asking questions but also talking about them being fraudulent based on your own mistake, btw. That type of shit can cause unnecessary panic. If you're asking about ytd, then do so and wait for someone answer. You could have even asked first if anyone noticed the ytd went down. Not jump straight to them being fraudulent with ytd.

And I don't work for them. I don't have to. My own remains don't spread misinformation.

Uberchic1:
Then people should just stop investing with zedcrest, no? Each fund performance relies on the selection of stocks.. We all know this. A sector might do well today and one fund manager heavily invested in it so they record heavy green while others who aren't heavily invested in that sector record tiny green or even red. The sector zedcrest invested heavily in did extremely well during the early bull run from January to late February. CD CSOF is even higher. Zrosk is almost on par with zedcrest. People should put their funds there instead if they want high ytd or just stick to regular Cardinal Stone for transparency. This isn't a new topic. Some others have mentioned zedcrest's lack of transparency before and it was heavily advised on this same thread to avoid them and do CD instead.

However, ignoring all the transparency talks a few pages back to still open zedcrest because of high ytd only to come and also complain of transparency. I mean, what is the point 💀

And btw, that person is even wrong about the ytd not reflecting. I posted screenshots to show that the ytd in fact went down a bit and reflected the losses. So let's sha not spread misinformation.

Why are u getting all defensive?
Are u a zedcrest representative?
The way u are viewing this is kinda of surprising. This is not about zedcrest, it is about the YTD of fund managers without daily update like cardinal stone which can make gains or loss difficult to track. When I asked equity.m about this YTD thing few days ago, what prompted me was quantum zenith, not even zedcrest.

Bluearrow:
Why are u getting all defensive?
Are u a zedcrest representative?
The way u are viewing this is kinda of surprising. This is not about zedcrest, it is about the YTD of fund managers without daily update like cardinal stone which can make gains or loss difficult to track. When I asked equity.m about this YTD thing few days ago, what prompted me was quantum zenith, not even zedcrest.

If I am a zedcrest rep, will I be asking people to open CD instead? Please let's ask reasonable questions this early morning. God bless.

This same issue has been talked about before. This zedcrest lack of transparency like CD isn't new. So I truly don't get why people ignore it when they go through the thread and still open zedcrest. High ytd should not be enough reason to forsake transparency and peace of mind.

I have no issue with anyone questioning anything about zedcrest. Why would I? Have I said anything when people have pointed out their lack of transparency before in this thread? No. But don't just throw suspicion and accusation of fraud around lightly. Worse, based on someone's one mistake. That's not defensiveness.

Uberchic1:
If I am a zedcrest rep, will I be asking people to open CD instead? Please let's ask reasonable questions this early morning. God bless.

There is nothing unreasonable about my question, any sane person will think same. I just realized alot of us got to know zedcrest here through u. Your comments have been personal & defensive. I don't see what would have triggered a neutral investor to do that in his post

Bluearrow:
There is nothing unreasonable about my question, any sane person will think same. I just realized alot of us got to know zedcrest here through u. Your comments have been personal & defensive. I don't see what would have triggered a neutral investor to do that in his post

Refer to my previous reply. And again, stop investing in zedcrest because of high ytd. I have said that more times than I have praised zedcrest ever since the lack of transparency was brought up. Do with that info what you will. My own remains do not spread misinformation or throw around accusations of fraud lightly. Anything beyond that, na u sabi.

Uberchic1:
If I am a zedcrest rep, will I be asking people to open CD instead? Please let's ask reasonable questions this early morning. God bless.

This same issue has been talked about before. This zedcrest lack of transparency like CD isn't new. So I truly don't get why people ignore it when they go through the thread and still open zedcrest. High ytd should not be enough reason to forsake transparency and peace of mind.

I have no issue with anyone questioning anything about zedcrest. Why would I? Have I said anything when people have pointed out their lack of transparency before in this thread? No. But don't just throw suspicion and accusation of fraud around lightly. Worse, based on someone's one mistake. That's not defensiveness.

Can you help us tell zedcrest to include %gains or losses like CS?

Iamblessed8888:
Can you help us tell zedcrest to include %gains or losses like CS?

Believe you me, I have told their customer care this in twitter DMs. It'll be even better if more investors do the same thing. If many of us complain, they might quickly do something about it. They respond on twitter. Unfortunately i didn't save the number but they called me once when I complained bitterly in their DMs about the 30k I lost on subscription. They respond there. So, you too, go and tell them.

truthbetold22:
Yes, I noticed CS gained around 1.5%. I monitor them daily. Once I recoup my loses from Zedcrest; I ll exit it and stick with cardinal stone. Transparency is much more important to me than profit. Zedcrest ytd rose yesterday but there was a loss.

So how do we justify that?

This is not true. As of the start of yesterday morning after update from Thursday's trading, Zedcrest's YTD increased to 52.74% with a corresponding increase in the amount invested.

After yesterday's trading it fell to 52.13%.

That's a 0.61% loss, also corresponded with the loss on my portfolio.

My Afrinvest fund shows daily percentage increase and you even have a table to track it over weeks.

I think this is what zedcrest should do. Investors shouldn't have to bring out a calculator to know where they stand. A simple daily percentage gain or loss would do them a whole lot of good. They should do better in that aspect. They have to.

But yes, the YTD has been correct since I joined them over 3 weeks now.

Iamblessed8888:
Well i recorded a gain yesterday on zedcrest. Where did you see the loss?

There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

Another thing I noticed after trading on some days ago, they updated the YTD twice. And no, I'm not kidding.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

I'm sure it was same thing that played here. He most likely made a screenshot before they updated it again.

They should do better.

Salarys:
There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

Another thing I noticed after trading on some days ago, they updated the YTD twice. And no, I'm not kidding.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

I'm sure it was same thing that played here. He most likely made a screenshot before they updated it again.

They should do better.

Nawa. That means i should brace for impact then

Salarys:
There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

Another thing I noticed after trading on some days ago, they updated the YTD twice. And no, I'm not kidding.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

I'm sure it was same thing that played here. He most likely made a screenshot before they updated it again.

They should do better.

Thank you! This is objectivity… nobody here is paid for promoting one app or the other. We are just watching out for ourselves.

Salarys:
There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

They should do better.

They definitely need to do better and add a daily gains/losses tracker.

Re: the ytd, remember, their ytd updates at 1am daily to reflect the gains/losses of the previous day. The first screenshot showing 52.38% is actually for Wednesday. I took it at 00:50am on Friday, yesterday. By 1am on Friday the 13th, the ytd updated to 52.74% and reflected Thursday's gain/loss. That's the second screenshot. I took that at 18:45pm on Friday the 13th, same yesterday.

By 1am this morning, Saturday the 14th, the ytd updated to 52.13% and reflected Friday's gain/loss.

Always remember their ytd updates at 1am to reflect the previous day's gains/losses.

Until they update their app and hopefully add a tracker, either use chatgpt to keep track or take screenshots. My own advice remains, stop opening zedcrest and move your funds ASAP if you're already invested. I will continue to use them cos I understand the app. But for others, high ytd should never make anyone forsake peace of mind and transparency. For your own peace of mind, if you're new here, don't do zedcrest. And if transparency is your utmost concern and you're already with them, pls move your funds ASAP. If you want to tough it out, well, na me and you dey dere.

Uberchic1:
They definitely need to do better and add a daily gains/losses tracker.

Re: the ytd, remember, their ytd updates at 1am daily to reflect the gains/losses of the previous day. The first screenshot showing 52.38% is actually for Wednesday. I took it at 00:50am on Friday, yesterday. By 1am on Friday the 13th, the ytd updated to 52.74% and reflected Thursday's gain/loss. That's the second screenshot. I took that at 18:45pm on Friday the 13th, same yesterday.

By 1am this morning, Saturday the 14th, the ytd updated to 52.13% and reflected Friday's gain/loss.

Always remember their ytd updates at 1am to reflect the previous day's gains/losses.

Until they update their app and hopefully add a tracker, either use chatgpt to keep track or take screenshots. My own advice remains, stop opening zedcrest and move your funds ASAP if you're already invested. I will continue to use them cos I understand the app. But for others, high ytd should never make anyone forsake peace of mind and transparency. For your own peace of mind, if you're new here, don't do zedcrest. And if transparency is your utmost concern and you're already with them, pls move your funds. If you want to tough it out, well, na me and you dey dere.

Your phone must be filled with these screenshots

Salarys:
There was a loss, boss. You see the issue?

This is what a simple percentage gain/loss update will fix.

Another thing I noticed after trading on some days ago, they updated the YTD twice. And no, I'm not kidding.

I'm even just seeing uberchic's post where he said Thursday's YTD was 52.38%. Over here was 52.74%.

I'm sure it was same thing that played here. He most likely made a screenshot before they updated it again.

They should do better.

Damn you were right. I put my AI agent to work

Iamblessed8888:
Your phone must be filled with these screenshots

Omo, it is o. I must track my funds gains/losses myself if the app won't do it for me. I take screenshots daily for Paramount too. I'll likely switch to chatgpt to track both as I'm sticking with them, tracker or no tracker. But I'll still take screenshots just in case.

Anyone using ZC should find a way to track their funds themselves if they know they plan to leave their money there. Ai is there. Screenshots is there. If that's too much wahala, you already know what I'm about to say: avoid ZC and move funds ASAP.


Btw, is it chatgpt you use for tracking?

Uberchic1:
Omo, it is o. I must track my funds gains/losses myself if the app won't do it for me. I take screenshots daily for Paramount too. I'll likely switch to chatgpt to track both as I'm sticking with them, tracker or no tracker. But I'll still take screenshots just in case.

Anyone using ZC should find a way to track their funds themselves if they know they plan to leave their money there. Ai is there. Screenshots is there. If that's too much wahala, you already know what I'm about to say: avoid ZC and move funds ASAP.


Btw, is it chatgpt you use for tracking?

I used to take screenshots too but then i hate that it makes my pictures folder messy, plus i have to do some manual calc too which can be a hassle.

Yup i use chatgpt. You can download the app so it keeps the history. You can then instruct it to compute daily growth for you while using prev day balance as the base. The insights it’s able to draw are amazing and scary. It can spot patterns the human mind may miss

I also use Excel and AI to calculate my gains. Anyway, I hope Zedcrest will improve their platform.

Iamblessed8888:
I used to take screenshots too, but then i hate that it makes my pictures folder messy, plus i have to do some manual calc too which can be a hassle.

Yup i use chatgpt. You can download the app so it keeps the history. You can then instruct it to compute daily growth for you while using prev day balance as the base. The insights it’s able to draw are amazing and scary. It can spot patterns the human mind may miss

EquityM:
I also use Excel and AI to calculate my gains. Anyway, I hope Zedcrest will improve their platform.

Absolutely. They need to step up. I dont think integrating the tracker would even be a big deal

Iamblessed8888:
I used to take screenshots too but then i hate that it makes my pictures folder messy, plus i have to do some manual calc too which can be a hassle.

Yup i use chatgpt. You can download the app so it keeps the history. You can then instruct it to compute daily growth for you while using prev day balance as the base. The insights it’s able to draw are amazing and scary. It can spot patterns the human mind may miss

Will set this up against the new week cos yeah my gallery is a mess. Thanks.

Iamblessed8888:
Absolutely. They need to step up. I dont think integrating the tracker would even be a big deal

Gbam. Excel is also a great option. I hope all the people that have complained of lack of transparency will move their funds immediately and no one signs up for now. I'm sure when zedcrest see their customers leaving en mass with no new subscribers, they will sit up and improve their app with the necessary changes to get customers back.