₦airaland Forum

Good afternoon Bosses in the House.

Please, I need clarity on this. How true is it? I just stumbled on this now. The N10,000, is it weekly interest or ones the week runs out nothing more again?👇👇👇

Chydon888:
Good afternoon Bosses in the House.

Please, I need clarity on this. How true is it? I just stumbled on this now. The N10,000, is it weekly interest or ones the week runs out nothing more again?👇👇👇

Let me believe you are not joking so that I can explain to you.

What I see there on that screenshot is that you should invest N10,000 @ 22% annual rate for 7 days and get N37.97 interest. Meaning when you invest N10,000 in it after 7 days you will get additional N37.79 making the total money you will get at the end N10,037.97.

freeman67:
Let me believe you are not joking so that I can explain to you.

What I see there on that screenshot is that you should invest N10,000 @ 22% annual rate for 7 days and get N37.97 interest. Meaning when you invest N10,000 in it after 7 days you will get additional N37.79 making the total money you will get at the end N10,037.97.

Maybe na sarcasm shaa.

freeman67:
Let me believe you are not joking so that I can explain to you.

What I see there on that screenshot is that you should invest N10,000 @ 22% annual rate for 7 days and get N37.97 interest. Meaning when you invest N10,000 in it after 7 days you will get additional N37.79 making the total money you will get at the end N10,037.97.

He's blind to the 37#. It's the 10k that's his concern.

Hahaha
Ogbonge investor !😁

Ok... thanks. Actually, that's what I saw in opay app for fixed saving Interest. I was thinking if one invest with N500,000, at the end of every 7 days(one week) one will receive N10,000😀😀

freeman67:
Let me believe you are not joking so that I can explain to you.

What I see there on that screenshot is that you should invest N10,000 @ 22% annual rate for 7 days and get N37.97 interest. Meaning when you invest N10,000 in it after 7 days you will get additional N37.79 making the total money you will get at the end N10,037.97.

UncleJudax:
✅ Redeem All
It is available in BlueNest

it only works on the web, on app it reverts to just 1
million daily

I initiated redemption this morning, the money is out of bluenest but not in my account

Babygal2020:
Maybe na sarcasm shaa.

Na wetin I been first think.

doggedfighter:
He's blind to the 37#. It's the 10k that's his concern.

Hahaha
Ogbonge investor !😁

Na so money matter dey be sometimes ooo.

Chydon888:
Ok... thanks. Actually, that's what I saw in opay app for fixed saving Interest. I was thinking if one invest with N500,000, at the end of every 7 days(one week) one will receive N10,000😀😀

Nothing is wrong with what you saw on opay. It's just you that doesn't understand how it works. Even if you are to invest the N500,000 at that rate for 7 days, you won't get more than N2,110.

freegaza:
I initiated redemption this morning, the money is out of bluenest but not in my account

Same with me

searchng4love:
That's Stanbic Ibtc for you

Issokay

I comment my reserve

Abeg o...Mak I run for my life. I no go fit try am, before dem go scam me. I no trust this people 😩

freeman67:
Na wetin I been first think.



Na so money matter dey be sometimes ooo.



Nothing is wrong with what you saw on opay. It's just you that doesn't understand how it works. Even if you are to invest the N500,000 at that rate for 7 days, you won't get more than N2,110.

I made a withdrawal on my stanbic mutual funds two days ago and I was debited but haven't received the money till this moment. Has anyone experienced this before?

Call their customer service number during working hours to know why u haven't received ur funds

BolaAdetoro:
I made a withdrawal on my stanbic mutual funds two days ago and I was debited but haven't received the money till this moment. Has anyone experienced this before?

investmentvirus:
No I dint earn in my investment.
Unfortunately

They withdrew the money immediately, but failed to pay me.

So I’m not getting any profit for this period they are hanging my money

That's totally unfair. The withdrawal ought to be triggered only payment is possible.

Money de purgatory for two weeks.

Not good.

Egelife:
it only works on the web, on app it reverts to just 1
million daily

Many things de worry that BluNest app.

cyrilex202:
Call their customer service number during working hours to know why u haven't received ur funds

Do you know their number?

The one I'm calling isn't going through. Did withdrawal and it's been over 48 hours

Good day all, please can anyone tell if STL Does collect withholding tax on earnings from its mutual funds?🤔🤔🤔🤔

Good day all, please can anyone tell if STL Does collect withholding tax on earnings from its mutual funds?🤔🤔🤔🤔

Good morning fellow investors. Please I need your input on this...

I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.

Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.

Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.

Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.

While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.

Thank you.

vanvickie:
Good morning fellow investors. Please I need your input on this...

I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.

Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.

Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.

Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.

While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.

Thank you.

Personally, I can't advice you on the MMF to move to because I am more comfortable with the older guys even though Stanbic and FBNEdge are misbehaving these days. I use UCap too. I like to use all these 3 because of ease of deposit, withdrawal and I know how to follow them gradually to treat my complaints. So let the other guys in those area recommend when they come.

For opening of CSCS account, It's easy just look for any stock broker that has online access that you can open account with them online. Like cardinalstones, chapel hills Denham, Morgan capital group etc and you will be fine.

How can i be get getting postmaster notification that Stanbic Mutual fund mail box is full D especially now that i havn’t use them in a long while, just to get back to them when their MM rate is just slightly better than First Asset Manager’s by 0.05%; problems. Is this insignificant difference even worth my stress.

I know i said i would be switching between whoever offers better rates but as it is now, Stanbic has to offer me 0.5% better rate than FBNQ managers for me to stress myself to use them

And who is using their app on andriod, I saw a post on LinkedIn about customer complaining about not being able to take screenshots within their app now

Most times Stanbic behaves like a nervous thief that hit his head on the floor

Inorder of preference

Fixed Deposit: Renmoney( app + website...Upfront possible but lesser)....Fairmoney( App only....if you have previously opened it's account while in Nigeria...Upfront possible)

MMF: STL, Risevest(25% possibly),Trust banc( Spread among these)....Seems FirstAlly too.

Tbills- Can get like 16.9% net, so not bad as our target should be 18.5% Gross( 16.65% net) eg Using Apel, Meristem.

Bonds: Maximum net may be 16%< It's up to you if you don't mind the rate. STABLE.....100m makes you confident to diversify into it too even if not up to the others above. The ones above still keeps your financial goals alive.

Equity: SMALLEST AMOUNT....More with Fund managers eg StanbicImaan( if you can manage it's inadequacies), Cardinal stone, Arm investment( Ethical & Discovery funds)....Some/ little, you can do yourself too till confident when the market is GOOD to BUY.

*With 18.5% Gross, in 2 yrs you get 1/3 of money invested and in 5 yrs ×2( ie the amount invested comes back).

CAN put up to N80-90m in first 2 categories.

N9.5-19.5 in the next 2 categories

N500k Equity.....If the market is GOOD, then N1m since you have N100m



IPOs- I don't do it

Stock Reissues: I can do this and also do the ones with bonuses.

I sometimes feel this whole idea of diversification is over exaggerated. Warren Buffet once said it is sometimes better to put all your eggs inside one basket 🧺 and guide that basket intensively.

However, you could deposit your money in a mmf, just look for good fund manager with competitive rates, pull your funds out of stanbic and deposit it with another fund manager, but I would prefer old skool fund managers with good rates, they are many out there...


So many Nigerians are gonna lose their money with this Dangote IPO, all na hyping....

You're living abroad, depositing about 100m naira in a mutual fund of about 16% to 18% yearly, with you topping it monthly or from time to time, with the power of compounding interest quarterly, you could be financially free in few years time...

Meaning you won't have to work again and still be able to pay all your bills home and abroad with your accrued interest from mutual funds, I am personally in that position right now..

Please don't be carried away with those unrealistic investments journey that would be giving you sleepless nights and headaches.

Just go for mmf, and be aggressively consistent with topping up... You gonna be amazed how wealthy you would become in few years, that's my own life story.

vanvickie:
Good morning fellow investors. Please I need your input on this...

I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.

Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.

Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.

Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.

While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.

Thank you.

vanvickie:
Good morning fellow investors. Please I need your input on this...

I'm based in diaspora, however, I've been investing on tbills and stanbic mmf.

Recently I noticed that the rates of stanbic mmf is kinda low, hence I want to move my funds to another mmf that has a higher yield, from what I've read in this page I can see that FIRST ALLY, TRUSTBLANC AND STL seem to be good. However, I'll like to confirm which of them will be suitable for sm1 in diaspora in terms of customer service (like response/replies to emails, calls etc), easy of withdrawal, ease of app usage, etc.

Secondly, how do I get a CSCS account as I am planning to invest in Dangote IPO (is the hype really worth investing in it) and probably diversify my portfolio.

Lastly, let's say hypothetically, I have 100m. How would you advise I share the funds if I am investing in Tbills, MMF, Bonds, Dangote IPO. Or if u had that amount what percentage will you use to invest in the aforementioned.

While I have some knowledge about all these from my little experience and online research, I'll love to hear from real life investors who are already in the game and those with vast experience.

Thank you.

Put 30M in any mmf . ( emergency funds )
Put 30 in tbills ( preserve your money )
Put the remaining 40M into any GOOD bank stocks or any GOOD equity fm ( aggressive wealth growth) .

AncestralPowers:
I sometimes feel this whole idea of diversification is over exaggerated. Warren Buffet once said it is sometimes better to put all your eggs inside one basket 🧺 and guide that basket intensively.

However, you could deposit your money in a mmf, just look for good fund manager with competitive rates, pull your funds out of stanbic and deposit it with another fund manager, but I would prefer old skool fund managers with good rates, they are many out there...


So many Nigerians are gonna lose their money with this Dangote IPO, all na hyping....

You're living abroad, depositing about 100m naira in a mutual fund of about 16% to 18% yearly, with you topping it monthly or from time to time, with the power of compounding interest quarterly, you could be financially free in few years time...

Meaning you won't have to work again and still be able to pay all your bills home and abroad with your accrued interest from mutual funds, I am personally in that position right now..

Please don't be carried away with those unrealistic investments journey that would be giving you sleepless nights and headaches.

Just go for mmf, and be aggressively consistent with topping up... You gonna be amazed how wealthy you would become in few years, that's my own life story.

which mmf do u use? Stanbic mutual money?

Nigerian Online Bank Announces Shutdown, Says July 31 Deadline for Customers to Complete Funds Withdrawal – Rush Now https://phoenix-browser.com?d=9095570511946755619

Old time Apel Registrar's and Stock broker mutual fund ( new), not doing badly despite target being at a gross of 18.5% minimum.

not at all.

UncleJudax:
I still don't get it. For those two weeks, did you earn on your investment? if not that's unfair.

Who has GTMMF or First Ally MMF?

Do they compound monthly or quarterly?

Did anyone successfully logged into Bluenest today? Tried severely and all I get is it's not you ,it's us

Amhappy:
Did anyone successfully logged into Bluenest today? Tried severely and all I get is it's not you ,it's us

same here . But try using their official website