₦airaland Forum

nickae:
Seems they paid everyone today.
These guys are something else.

nickae:
Seems they paid everyone today.
These guys are something else.

doggedfighter:
Equity oooooooooooooooooo


💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃

Preator:
No loud am....

Some people dey wait for "i told u so...."

doggedfighter:
The thrills of equity 😁

Preator:
Audentes Fortuna iuvat.

They havent even started dropping the dividends. When e drop, everywhere go dey soft 😃

AncestralPowers:
It is good to understand how fund managers operate and invest our money for maximum profits.

To all investors, it is good to have some emergency funds in a normal savings account, funds you could easily withdraw in few minutes, particularly if you know you gonna need the money in a very short period of time, and if the money isn't much or below 5 million naira.


The most attractive feature of mutual fund is the liquidity, but sometimes, fund managers don't find it easy to liquidate funds they have already invested in high yield instruments, as most fund managers often like to invest most of their funds for maximum profits.

It takes some time for fund managers to pay out fund, they sometimes have to wait to get funds from new depositors, instead of liquidating an already invested funds to pay investors....

Preator:
No loud am....

Some people dey wait for "i told u so...."

welzyj2:
Na my current predicament with Stanbic

Trying to redeem for almost 2 weeks now. Dem don use email beg me twice that it's still under processing

Thinking to send another email next week and copy SEC

welzyj2:
Make I tag Creditalerts

😅😂😂

alfajohn:
Is there any one on Stanbic MMF, it seems interest was not updated today. Kindly respond please

tosinman:
Hi everyone. Please I couldn't see other banks mutual funds on my Cowrywise again. What can I do?

Creditalerts:
it's gone,the latest upgrade removed other MMF😅they only have cowrywise MMF now ,we are lucky to invest through them with trustbanc because I enjoy their transparency .

Batman2412:
Trustbanc via cowrywise have paid end of quarter dividend, but Trustbanc via prime pro is yet to pay. Should I be worried?

Creditalerts:
it's gone,the latest upgrade removed other MMF😅they only have cowrywise MMF now ,we are lucky to invest through them with trustbanc because I enjoy their transparency .

Thazard:
Please i have a question.


If I invest 2 million at today's rate of 20.52% and tomorrow, the rates keeps dropping down till the end of my tenor.

Will that affect the rate i invested on?

bassdow:
No matter the Asset manager e.g Stanbic , Norrenberger, firstAlly, etc, so long it's MMF, the interest rate is not static. It changes on daily basis hence there's no guarantee an interest rate of 20.52% on Monday morning wouldn't go higher or lower by evening of same day.

If you wanna lock in rates, better go with the likes of FGN bonds, Treasury bills BUT those doesn't support automatic compounding.

In other words, that you started with an interest rate of 20.52% doesn't guarantee it would remain at that. it could go higher or lower or very lower or very higher depending on state of the economy.

AnyOne looking for inSane interest rates should go on their Knees on top the highest mountain and pray for the economy to really go bad the CBN would have to raise interest rates.

NB: if you get mind, and willing to tae the cool risk, you could split said funds into 5 parts and invest 1 million naira in MMF, invest 250,000 naira in Stanbic IBTC's Nigerian Equity Fund , another 250,000 naira in Ethical Fund , another 250,000 naira in Imaan Fund , then the remaining 250,000 naira in Balanced Fund

mind you after doing the above, be prepared to leave the funds for at least 1-year or 1-year 6-months and if your heart ain't strong enough, don't look at them for those periods as it can be going up and down BUT even if it's in Negative, so long you don't attempt to REDEEM, it's still not a LOSS. They all have the capacity to really earn yyou much higher than MMF but you have to give them at least +1Year

Thazard:
Instead of this fluctuations, isn't piggybank safelock better?

mank1234:
I see STL and Trustbanc MMF give rate in excess of 19% whereas other like Stanbic gives below 16%.

Considering that treasury bill hovers around 16%, how is STL able to generate this high rate?

Does anyone have link to their factsheet? I have not seen their factsheet in the online app.

mank1234:
I see STL and Trustbanc MMF give rate in excess of 19% whereas other like Stanbic gives below 16%.

Considering that treasury bill hovers around 16%, how is STL able to generate this high rate?

Does anyone have link to their factsheet? I have not seen their factsheet in the online app.

doggedfighter:
The thrills of equity 😁

Care4:
If you're cool with safe locks, then you can invest directly in t-bills and bonds and earn your full rates.

Care4:
Check well, that's likely before they deduct their fees.

incx:
Hi guys, who has had deposit issue with gtfunds? I deposited 400k since March 30th, and till today it has not reflected in my mutual funds. I have sent emails to them, including payment receipt, but they don’t seem to be helping. Anyone has a contact of the boss that can help with this? Thank you.

AncestralPowers:
Did you indicate your customer ID on the narration when sending the money?

In fact, most fund managers had been battling and struggling on how to trace and locate investors deposit into their mutual fund accounts, because some new investors often forget to write ✍️ their customers ID on the narration when sending money.

It is not always the fund managers who are slow in responding to our requests, some of us don't just follow the right procedures to make things easier for us and fund managers.

incx:
Hi guys, who has had deposit issue with gtfunds? I deposited 400k since March 30th, and till today it has not reflected in my mutual funds. I have sent emails to them, including payment receipt, but they don’t seem to be helping. Anyone has a contact of the boss that can help with this? Thank you.

Bluearrow:
What is the meaning of this u just wrote? Which fund manager send u? Pls stop making excuses for incompetence! Even if the customer made a mistake is that why the fund manager shouldn't respond to emails?? I use Gt fund manager & they don't use customer ID, temporary deposit account number is generated for every deposit, no id or narration is required. Stop making s!lly excuse for incompetence here!