₦airaland Forum

Iamblessed8888:
Slow growth. You’re better off converting that money to naira and converting back later on especially as there is no imminent threat of devaluation.

I made same mistake for years and it stunted my growth. YTD alone i’ve made more from my naira MMF that i did in 3 years or so with my dollar MMF.

Sometimes, you can try to tilt your message towards selling the best deal for your audience and not just the best product or best company to invest with. I guess that’s the premise of welzyj2 ‘s argument. Otherwise, you’re a solid and genuine fellow

femarse:
I switch from Stanbic Mutual fund to gtfund in January

Since I have been able to withdraw funds from Stanbic anyhow I want it

I just decided to try withdrawal from gtfund twice this week and both were canceled
I dont know why, my withdraw account is opay that has been approved , could that be the reason? Cos I don't have a gt account

Iamblessed8888:
Slow growth. You’re better off converting that money to naira and converting back later on especially as there is no imminent threat of devaluation.

I made same mistake for years and it stunted my growth. YTD alone i’ve made more from my naira MMF that i did in 3 years or so with my dollar MMF.

Sometimes, you can try to tilt your message towards selling the best deal for your audience and not just the best product or best company to invest with. I guess that’s the premise of welzyj2 ‘s argument. Otherwise, you’re a solid and genuine fellow

AncestralPowers:
You're very correct 💯 I did dollar mutual fund for about 2 years as well, I regretted why I did it.. it is a stagnated investment, invest in Naira and get maximum returns on your funds, you can always convert naira to any foreign currency whenever you need it..

Dollar mutual fund na bad market, forget about that high rate you are seeing on dollar mutual fund.

Don't mind bad speculations against Naira, or fear devaluation, investing in Naira is simply the best.

omotola224:
Good morning house
I want to start my mmf journey and I want to go with a good bank to start or any other applicable institution

I don’t mind splitting into two or 3 places
So I am asking my seniors here
Which do you highly recommended
Thank you

omotola224:
Good morning house
I want to start my mmf journey and I want to go with a good bank to start or any other applicable institution

I don’t mind splitting into two or 3 places
So I am asking my seniors here
Which do you highly recommended
Thank you

overeighteen:
Hi everyone I liquidated some funds since yesterday from stanbic mmf up till now it has not dropped into my account.

I have emailed them but no response.

Any suggestions cos I need funds urgently.

welzyj2:
I doubt you will get it today.
Best you can still do is try to call their customer care no

overeighteen:
Thanks for your response but why is it like that ?
It wasnt this bad in the past.

Infact I would get value the very same day even if I requested for withdrawal after 12pm.

Are they distressed ?

Please let me know if its the time to move my funds out cos my whole life savings is with them.

Thanks.

doggedfighter:
Stanbic, distressed ?

You guys should take this urgent MMF withdrawals easy oo

overeighteen:
Thanks for your response but why is it like that ?
It wasnt this bad in the past.

Infact I would get value the very same day even if I requested for withdrawal after 12pm.

Are they distressed ?

Please let me know if its the time to move my funds out cos my whole life savings is with them.

Thanks.

welzyj2:
48 hrs is the standard timeline. If it drops earlier b4 then, all good and fine

HLion:
Good afternoon all
Please what is the penalty for redemption of mutual fund before the minimum holding date

omotola224:
Good evening house
Does mutual funds give a higher return yearly than tbills

Is the difference significant like what percentage of
If there is anyone that does both Kindly help give an answer based on the previous years

Even if you don’t both and know the answer to this I will appreciate
I have always done tbills or piggyvest safe lock
But I want switch completely to mutual funds

Gabriel411:
Are people still using Piggyvest? I think they lost their edge.

omotola224:
A lot of people still use them
Their rate is better than tbills at the moment

May I ask you? Yearly roi for mutual funds is it better than piggy vest ? I know the rate fluctuates but based on let’s say last year was did mutual funds do better than piggy vest

omotola224:
Good evening house
Does mutual funds give a higher return yearly than tbills

Is the difference significant like what percentage of
If there is anyone that does both Kindly help give an answer based on the previous years

Even if you don’t both and know the answer to this I will appreciate
I have always done tbills or piggyvest safe lock
But I want switch completely to mutual funds

AncestralPowers:
I asked same question many years ago, while trying to find the best investment for my money. Here is what you must know, both treasury bill and mutual funds are very okay, treasury bill is good for those with instant gratification mentality or with little patience to see their money grow...

But mutual fund is far far better on a long term basis or when calculating yearly return on investment.. Mutual fund is a great way to accummulate wealth, if only you are the patient kind of person...

suckprick:
Piggyvest has better interest rate but mmf has flexibility of withdrawing anytime (after first 1 month).

sky404:
what is the current interest rate on piggyvest now?

AncestralPowers:
I asked same question many years ago, while trying to find the best investment for my money. Here is what you must know, both treasury bill and mutual funds are very okay, treasury bill is good for those with instant gratification mentality or with little patience to see their money grow...

But mutual fund is far far better on a long term basis or when calculating yearly return on investment.. Mutual fund is a great way to accummulate wealth, if only you are the patient kind of person...


To be honest I have no problem with leaving the money for a year without touching it
I als have my emergency funds set aside
I am just trying to see if mmf will give me more returns on my investment at the end of the year or mutual will do better
I am fine with the risk for tbills, piggyvest or even mutual funds
Just trying to pick the best choice in terms on returns

AncestralPowers:
I asked same question many years ago, while trying to find the best investment for my money. Here is what you must know, both treasury bill and mutual funds are very okay, treasury bill is good for those with instant gratification mentality or with little patience to see their money grow...

But mutual fund is far far better on a long term basis or when calculating yearly return on investment.. Mutual fund is a great way to accummulate wealth, if only you are the patient kind of person...

To be honest I have no problem with leaving the money for a year without touching it
I als have my emergency funds set aside
I am just trying to see if mmf will give me more returns on my investment at the end of the year or mutual will do better
I am fine with the risk for tbills, piggyvest or even mutual funds
Just trying to pick the best choice in terms on returns

AncestralPowers:
I asked same question many years ago, while trying to find the best investment for my money. Here is what you must know, both treasury bill and mutual funds are very okay, treasury bill is good for those with instant gratification mentality or with little patience to see their money grow...

But mutual fund is far far better on a long term basis or when calculating yearly return on investment.. Mutual fund is a great way to accummulate wealth, if only you are the patient kind of person...

omotola224:
365 days 17% don’t forget withholding tax will be deducted

omotola224:
To be honest I have no problem with leaving the money for a year without touching it
I als have my emergency funds set aside
I am just trying to see if mmf will give me more returns on my investment at the end of the year or piggyvest/tbills will do better
I am fine with the risk for tbills, piggyvest or even mutual funds
Just trying to pick the best choice in terms on returns