₦airaland Forum

sharone21:
Not easy registering on Stanbic for equity/ mutual fund, those doing it are trying. 1m otps to confront.

With 18.5% minimum annual interest from mutual fund or fixed deposit just know you make 1/3 of your invested capital every 2 yrs( even after 10% WHT is deducted). You double your capital in 5 yrs, so ensure you are more intentional/ strategic with nothing less than 18.5% annual interest.

yorke1:
Yield matters. It's hard to stay excited about a 15% Money Market Fund when GT Fund Managers is offering 17.23% as of today. Stanbic IBTC needs to do better.

jp130:
I don't know why their rate is falling like this.
Na to port to another platform

Harddiskng:
@emmasoft, money market rates displayed by stanbic IBTC, are they net of WHT?

emmasoft:
Rates displayed are net of all charges (Management fees). The WHT has already been taken from the underlying asset - Tbills and CPs.

Hence, what is displayed is what gets to the investor.

For Firms that display gross, it's expected that it be stated as required by the SEC. For example, you will notice that for those using GT Fund managers, under the rates displayed, a note is written stating that the rate displayed is gross, which is the standard practice.

Harddiskng:
Is the 18.5% net of WHT?

Babygal2020:
Okay. But a good number of investors are still using Stanbic IBTC Mutual funds.

sharone21:
Not easy registering on Stanbic for equity/ mutual fund, those doing it are trying. 1m otps to confront.

With 18.5% minimum annual interest from mutual fund or fixed deposit just know you make 1/3 of your invested capital every 2 yrs( even after 10% WHT is deducted). You double your capital in 5 yrs, so ensure you are more intentional/ strategic with nothing less than 18.5% annual interest.

sharone21:
Just know that 18.5% annual interest minimum is stated...... They will normally later remove 10% withholding tax, you will still get 1/3rd of your capital every 2 yrs and in 5 yrs make back your capital invested.

18.5% GROSS

sharone21:
Accessibility by FAMILY to any investment account I have is IMPORTANT to me in case of emergency or any other reason, unless after the rigors of opening it , it thereafter becomes easier to use. It's not easy to have an investment hard to access by family which will now prompt them to go the formal way of producing several documents to claim what is theirs when they can just either email( through my email) the company or access the online account to withdraw or transfer out money.

suckprick:
In my short experience so far, I have realised that MMF is not meant to make you rich. it's there to reduce or stop inflation from eating up your savings. So It shouldn't be used as a major source of income or to replace your job except you have 500m+ in it. it's just a tool against inflation. If you have this same mentality, you won't be worried about how long it takes you to double your money(interest) rather you will be grateful your savings isn't loosing value.

Harddiskng:
“1/3rd of your capital every 2 yrs and in 5 yrs” in other words, you are telling us the net is around 15%

72/15 = 4.8 (time it’s takes to make the same amount of interest as your capital).

It is not different from a regular Stanbic or First Asset MMF.

keeper303:
I don't understand how your family members will have access to your fund. Can you please elaborate. How do you do that?

sharone21:
Intentional COMPOUNDING makes the difference:

5m or 10m Naira in 5 yrs is N10m or N20m

suckprick:
The 10m you are getting in 5yrs time is the actual value of your money within that period. The same way 100k of 5yrs ago is almost equivalent to 1m in today's valuation. So in essence, you are not making any profit (interest), you are just avoiding loss of value. In otherwords, fighting inflation.

Obnoxious2001:
Na time to enter be that.

searchng4love:
you dont enter falling knives

inze:
Na dem, crypto and forex traders 😂

E say falling knife

Creditalerts:
Make unu run come o...............

Creditalerts, where you dey since na











I smell money 💰 🤑 🤑🤑🤑🤑🤑🤑🤑🤑🤑

Payday is here 💥💥💥🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🍹🍹

Creditalerts:
Make unu run come o...............

Equities wan finish us for here ooo . Abeg save us ooo from Yakubu











I smell money 💰 🤑 🤑🤑🤑🤑🤑🤑🤑🤑🤑

Payday is here 💥💥💥🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🍹🍹

Creditalerts:
Make unu run come o...............








I smell money 💰 🤑 🤑🤑🤑🤑🤑🤑🤑🤑🤑

Payday is here 💥💥💥🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🍹🍹

Creditalerts:
The beauty of MMF is the peace of mind that comes with it,next week I'm cashing out from FirstAlly,trustbanc (cowrywise),STL MMF.



Take note no YAKUBU MANAGE 🤣🤣🤣only kanayo ways 🤑🤑🤑🕺🏾🕺🏾💥🍹

suckprick:
In my short experience so far, I have realised that MMF is not meant to make you rich. it's there to reduce or stop inflation from eating up your savings. So It shouldn't be used as a major source of income or to replace your job except you have 500m+ in it. it's just a tool against inflation. If you have this same mentality, you won't be worried about how long it takes you to double your money(interest) rather you will be grateful your savings isn't loosing value.

Creditalerts:
Make unu run come o...............











I smell money 💰 🤑 🤑🤑🤑🤑🤑🤑🤑🤑🤑

Payday is here 💥💥💥🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🕺🏾🍹🍹