₦airaland Forum

opomulero:
Hello,
please is there any app that someone can buy T-bills and get interest upfront like the banks do?

nickae:
Yeah, try Meritrade by Meristem

AncestralPowers:
He might have been blocked by nairaland, for promoting some fund managers here..

Coolis:
Either he changed username and started keeping things on a low key after he was blocked by serious investors for his lack of self-control or has decided not to be commenting for now.

Creditalerts:
Attending to issues offline.

Creditalerts:
Attending to issues offline.

Creditalerts:
rumor monger

nickae:
Yeah, am using it, did encounter any issues.
This is the weblink though https://myportfolio.first-assetmanagement.com/symportal/f?p=197:LOGIN_DESKTOP:16053434795887:::::

ufotty2001:
Stanbic IBTC Mutual fund is now becoming a problem.. when u place withdrawal in the morning.. u will always have failed transaction.. are they trying to control numbers of people who place withdrawal.?? Me I no understand

Oyetunde49:
I have placed withdrawal since last week Tuesday, I haven’t gotten my money till now. They have a shitty customer service that lies with ease. They keep talking about technical issues. I think they really have a problem that they ain’t allowing everyone to know about.

emmasoft:
Let's get this clear. MMF is not a cash deposit. MMF is like a derivative, i.e., a product from the original product. Here is what I mean. Mutual funds generally have underlying assets that are the actual investment; the fund is just the vehicle that carries the assets. So as you invest, all fees is on the underlying assets, and by law, what the fund managers display is the net of all charges, if otherwise it will be stated. If you use GT Fund managers, you would have noticed there is always a note under the display rates that the rates are gross.

So if you invest 10m, your money with other investors' is invested in Tbills, CPs, and others, all charges are applied accordingly with respect to those instruments, and the managers collect their fees as well, so the rate you get is net, hence your capital can never be lower than what you put in as a matter of principle as applied to MMF. It's the reason it's called a low-risk investment; your capital is always guaranteed. The interest or returns can vary based on the economic reality and MPR as determined by the CBN.

Beeron:
I don't know your age but the fact that you are willing to wait 20 years.

Here is how you would go about it:

Spread 2 million each in five large cap stocks that pays dividends (bank stocks; GTCO, Zenitn, UBA, Stanbic, Dangote Cement or MTN. That will amount to 10 Million.

Then, Invest about 2 million into Cardinal stone Equity mutual funds.

You will be left with 8 Million. Throw that into Stanbic MMF.

Then go sleep and pray NIGERIA does not disintegrate before 20 years time because as long as Nigeria won't disintegrate; After 20 years and with this strategy, you will be financially secured for life because your investment would have over compounded such that, you can ball alone from stocks dividend pay out. Not to even mention capital gain appreciation.

Billionaires that leave the buck of their wealth in stocks does that for a reason and you will find it out in 20 years time.

BolaAdetoro:
I already have a stanbic mmf. I want to do another to serve as mi pension as it's been difficult to open a personal pension account.

If you were to compare stanbic IBTC mmf to FBNquest, which would you pick and why?

Thank you.

Princewalexy99:
Please, in my GT MMF, I notice my invested funds are not compounding. I notice thesame interest amount I receive on my initial capital is still same I get even after earning and adding additional amounts to the initial capital with same 17% or within same rate.


I expected to see the interest increase giving that the amount gained and added to initial capital appears to be a huge amount.



What could be the problem please?

emmasoft:
@beKind555, to provide further clarity on your question, I recommend reviewing my earlier post on the factors to consider before choosing an investment instrument. One of the most important factors is age.
Generally, younger investors have a longer time horizon, which allows them to take on more risk in pursuit of higher returns that can outpace inflation over time. Based on this:
If you are below 40, a balanced approach could be:
60% in dividend-paying, fundamentally sound stocks
40% in money market funds. For MMF, you can patronize Norrenberger and First Ally as fund managers
As you approach retirement, capital preservation becomes more important. In that case, a more conservative allocation is advisable:
40% in stocks
60% in money market funds
This approach helps strike a balance between growth and stability, depending on your stage in life. It will also help your investment to beat inflation and keep its value over time.

You are free to be in touch if you need further clarification.

omotola224:
I funded my mutual funds yesterday on first ally
When do I start earning?

Nothing has happened today

omotola224:
I funded my mutual funds yesterday on first ally
When do I start earning?

Nothing has happened today

Arijude:
which platform can one see Norrenberger and First Ally to patronise an fund manager?
I'm a new investor

emmasoft:
Non. base on the current rate and the fact that you will be there for a long time. Right now inflation is little above 15% and if rate is same or lower than inflation you will be having negative real returns, it's better to leave your funds in a place that is above inflation to enable you have positive real returns.

Be in touch for a guide.

BolaAdetoro:
What should I do, then?

investmentvirus:
GTEquity has been doing rubbish since. Massive drawdown, tiny profit. Feels like they are playomg games with our money.


Stanbic IBTC equity funds has been so sweet.

In all its been Kanayo Kanayo.

Equity funds this January, February and April has been so sweeeeeettttt (kanayo)

March has been Yakubu.

I pray this MAY ends in Praise.