₦airaland Forum

CSblackpink:
Haha, not bad; was expecting heavy lightning.

Paramount ended up doing more

What's was the %

CSblackpink:
Haha, not bad; was expecting heavy lightning.

1.83%

auschris:
What's was the %

I was expecting more

CSblackpink:
1.83%

Stanbic equity did a solid 2.13%

My foreign portfolio seems to be paying me more; I will see how things pan out or when the AI bubble cools down. $240 made tonight. 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

auschris:
I was expecting more

+3.08 from Zedddddddd kanayooooooo ooooooooooooo🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤑🤑🤑🤑🔨🔨🔨🔨

Zedcrest is the real Koru.

Iamblessed8888:
+3.08 from Zedddddddd kanayooooooo ooooooooooooo🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤑🤑🤑🤑🔨🔨🔨🔨

Paramount app is unstable sometimes.. they should sort it out ds login issues..

There is an unreal feeling to this Zedcrest. But make person enjoy am while it last

Iamblessed8888:
+3.08 from Zedddddddd kanayooooooo ooooooooooooo🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤑🤑🤑🤑🔨🔨🔨🔨

I am glad we all noticed the actual returns on our accounts yesterday was 3%. But ZedCrest reported about 6% returns..from 109.05% Friday YTD to 115.47% Monday YTD. That has always been the case. Thursday YTD was 104%, then it jumped to 109% Friday, which is 5% increase, but actual returns on our account was a little above 2%.

This makes me believe the current 115% YTD is not real.

I am still studying the actual reason for this discrepancies or variations.

I will also study other funds like CardinalStone Equity Fund and Paramount Equity Fund and report my observations in coming days.

Those who know better may clarify me please

@Beeron & others

BlueNation:
I am glad we all noticed the actual returns on our accounts yesterday was 3%. But ZedCrest reported about 6% returns..from 109.05% Friday YTD to 115.47% Monday YTD. That has always been the case. Thursday YTD was 104%, then it jumped to 109% Friday, which is 5% increase, but actual returns on our account was a little above 2%.

This makes me believe the current 115% YTD is not real.

I am still studying the actual reason for this discrepancies or variations.

I will also study other funds like CardinalStone Equity Fund and Paramount Equity Fund and report my observations in coming days.

Those who know better may clarify me please

@Beeron & others

If you trade individual stocks often, you will realize that when you make gain and about to exit a position, you would pay some fee like brokers fee, CSCS fee, Tax deduction etc. and the most important one being deducted even on the day of loss is Equity fund manager fee. All these fee are the reason for the deductions.

Truthfully, the market went up 3% or whatever number so they are being honest with that, but those fees deduction plus hidden charges like even sms alert fee is where these fund managers make real money that keep them in profitable business.

This is why some investors will rather trade stocks themselves while some do both trading stocks themselves and invest in Equity fund.


I explained this whole process to my landlord during the weekend after seeing the deductions on gains after selling his Dangote sugar stock. He bluntly told me this was why he quit Equity fund for me to him pick stocks — I just laughed and told him to continue to do the two.


In my opinion, CSblackpink strategy is the best: Handle your foreign portfolio by yourself by picking stocks or ETF you know is doing well, then let fund managers handle your local investments.

But if you not interested in foreign portfolio, pick stocks yourself and also have managed equity fund. Disregard the hidden charges fund managers do, you making money, they are making money, everyone is happy.

BlueNation:
I am glad we all noticed the actual returns on our accounts yesterday was 3%. But ZedCrest reported about 6% returns..from 109.05% Friday YTD to 115.47% Monday YTD. That has always been the case. Thursday YTD was 104%, then it jumped to 109% Friday, which is 5% increase, but actual returns on our account was a little above 2%.

This makes me believe the current 115% YTD is not real.

I am still studying the actual reason for this discrepancies or variations.

I will also study other funds like CardinalStone Equity Fund and Paramount Equity Fund and report my observations in coming days.

Those who know better may clarify me please

@Beeron & others

Zedcrest is reporting the growth from 1st January, and you’re comparing it with the growth from the preceding date. It’s bound to be different. It’s called the Base Effect.

See an explanation and sample calculations here - https://www.investopedia.com/terms/b/base-effect.asp

You can also your comment in ChatGPT/Gemini and ask it to explain further and give you more examples.

Edit: Added screenshots of explanation from Ms Gemini:

Generally, the better the fund performs, the bigger the YTD increase needs to be for you to see a significant move in your actual daily balance.

Goodenoch:
Zedcrest is reporting the growth from 1st January, and you’re comparing it with the growth from the preceding date. It’s bound to be different. It’s called the Base Effect.

See an explanation and sample calculations here - https://www.investopedia.com/terms/b/base-effect.asp

You can also your comment in ChatGPT/Gemini and ask it to explain further and give you more examples.

Who knows zedcrest's bid and offer price on Jan 1?

Huge Yakubu has entered the foreign market. 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

Time to top up

CSblackpink:
Huge Yakubu has entered the foreign market. 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

Topping up aggressively. My AI already told me there will be a massive dip this week, as the price was climbing up rapidly.

auschris:
Time to top up.

Do you take profit when there's a good run?

CSblackpink:
Topping up aggressively. My AI already told me there will be a massive dip this week, as the price was climbing up rapidly.

No, I wanna hold it for a longer period of time.

auschris:
Do you take profit when there's a good run?

CSblackpink:
They might be paying some tangible dividend, and the weight is very tiny compared to others.

I agree

Iamblessed8888:
Manually. Old balance minus new balance

Oh i see.. Thank you very much..

Guys can you recommend an mmf with good rates at this time? Chat gpt gave me rt briscoe. I know them to do auto spare parts😁. Would appreciate any good suggestions. I ve some equity funds locked in already.

Myinvestar.

elvyz:
Guys can you recommend an mmf with good rates at this time? Chat gpt gave me rt briscoe. I know them to do auto spare parts😁. Would appreciate any good suggestions. I ve some equity funds locked in already.

elvyz:
Guys can you recommend an mmf with good rates at this time? Chat gpt gave me rt briscoe. I know them to do auto spare parts😁. Would appreciate any good suggestions. I ve some equity funds locked in already.

RT briscoe ke? That’s a publicly traded company, buy chapel hill money market fund

Goodenoch:
Zedcrest is reporting the growth from 1st January, and you’re comparing it with the growth from the preceding date. It’s bound to be different. It’s called the Base Effect.

See an explanation and sample calculations here - https://www.investopedia.com/terms/b/base-effect.asp

You can also your comment in ChatGPT/Gemini and ask it to explain further and give you more examples.

Edit: Added screenshots of explanation from Ms Gemini:

Generally, the better the fund performs, the bigger the YTD increase needs to be for you to see a significant move in your actual daily balance.

In addition to this, I believe zedcrest ytd is gross not net. See attached screenshot from CS.

Gratefulme:
In addition to this, I believe zedcrest ytd is gross not net. See attached screenshot from CS.

Gratefulme:
In addition to this, I believe zedcrest ytd is gross not net. See attached screenshot from CS.

Does anyone know if zedcrest pays dividends on equity funds? And what is the last dividend per unit held if anyone has ever received it. Thanks

Original Yakubu.

auschris:
Do you take profit when there's a good run?

On Jan 2,it was 1.02 and 1.04 respectively

Preator:
Who knows zedcrest's bid and offer price on Jan 1?

I bought more KORU today

CSblackpink:
Original Yakubu.

auschris:
On Jan 2,it was 1.02 and 1.04 respectively

Thanks. That means the displayed percentage was correct. What we are seeing is the base effect.

Thank you all @Beeron, @Goodenoch, @Auschris, @Preator

You guys are wonderful. Your contributions today gave me a new insight into the world of finance and equity funds.

My doubts were cleared, ZedCrest is no doubt getting it right as long as YTD computations vis-a-vis net returns are concerned.

More green days 💚💚💚

By the time US markets close in 3 hours, I will be sitting on a paper loss of at least $6k.

CSblackpink:
Huge Yakubu has entered the foreign market. 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑