teemy:

Hi, any updates on your withdrawal?

yea well i decided to leave it and keep receiving my dividends. however when i tried they said i suld apply for it and it would take 10 working days.

nonyowen:
yea well i decided to leave it and keep receiving my dividends. however when i tried they said i suld apply for it and it would take 10 working days.

ok then all the best. as long as the dividends keep coming in you are ok. more confidence once your dividends surpass your initial deposit so you are sure you are not being given abu's money.

Please I don't have the strength to go through the whole thread.

Is anyone really, like REALLY familiar with FBN Money Market Fund and ARM Money Market Fund?? Which is better please in terms of interest yield?? I need this ASAP. Thank you

masonkz:
Please I don't have the strength to go through the whole thread.

Is anyone really, like REALLY familiar with FBN Money Market Fund and ARM Money Market Fund?? Which is better please in terms of interest yield?? I need this ASAP. Thank you

FBN MMF

ernie4life:


FBN MMF

Thanks a lot.

Kennybiz27:
I got so interested in the topic.
My advice is just use it as a saving account u don't want to access and place standing order every month.
If u don't have time like me, use ARM the have the best online platform.
Greetings

Please how has your experience with ARM been?

And I guess the standing order thingy is good for investments like these. Do banks charge for standing orders?

Please, the FBN Fixed Income Fund as explained by you has "No guaranteed income". Does this imply that funds here are invested into the uncertain capital market? If so, how is it still called Fixed Income? Please, do you know any notable investment house that offers above 12% returns on treasury bills investment? Thank you.

ernie4life:


FBN MMF

boss, is ur capital returned automatically after a year? wt reference to FBN MMF

taiwoliu:
boss, is ur capital returned automatically after a year? wt reference to FBN MMF

I think you have to give instructions for that

ernie4life:


I think you have to give instructions for that

Yeap... Profit is paid every quarter or you can elect to re-invest.

I re-invest all the time, when i need money, i just redeem some units.

anangboy:
Please, the FBN Fixed Income Fund as explained by you has "No guaranteed income". Does this imply that funds here are invested into the uncertain capital market? If so, how is it still called Fixed Income? Please, do you know any notable investment house that offers above 12% returns on treasury bills investment? Thank you.

I sincerely do not know how they came about that name cos the price is not fixed, neither is the dividends.

This is from the factsheet "Past performance is not a guide to the future. The price of investments and the income
from them may fall as well as rise and investors may not get back the full amount invested"

I think you can put your money on FBN MMF and go to sleep...you may even get better than that 12%.

carpenter:


I sincerely do not know how they came about that name cos the price is not fixed, neither is the dividends.

This is from the factsheet "Past performance is not a guide to the future. The price of investments and the income
from them may fall as well as rise and investors may not get back the full amount invested"

I think you can put your money on FBN MMF and go to sleep...you may even get better than that 12%.

Thank you brother. I'll look into the FBN MMF.

carpenter:


Yeap... Profit is paid every quarter or you can elect to re-invest.

I re-invest all the time, when i need money, i just redeem some units.

really appreciate d response. It is my first yr in it, nd as DEC draws close I wanted to knw if I'll v to inform b4 withdrawal or it'll b automatically rolled over into January. I think its d latter from your explanation.

Cc Ernie4life

The market is highly liquid am expecting the Money market rates to drop below 12% . still a good deal

taiwoliu:
really appreciate d response. It is my first yr in it, nd as DEC draws close I wanted to knw if I'll v to inform b4 withdrawal or it'll b automatically rolled over into January. I think its d latter from your explanation.

Cc Ernie4life

I am interested to know when you bought into it.

FBN MMF is paid quartely to me during the following months January,April,July,and October (automatically rolled -over).

carpenter:


I am interested to know when you bought into it.

FBN MMF is paid quartely to me during the following months January,April,July,and October (automatically rolled -over).

u r correct on d profit payment, i bought into it around april nd my interests v neva failed to b paid. but my question is if d capital nd interest accrued is automatically rolled over or paid back to d investor at year end?

taiwoliu:
u r correct on d profit payment, i bought into it around april nd my interests v neva failed to b paid. but my question is if d capital nd interest accrued is automatically rolled over or paid back to d investor at year end?

oh I see! I missed your question the last time then...strange the answer still fits though.

carpenter:


oh I see! I missed your question the last time then...strange the answer still fits though.

*in sanyeri voice* ko maa mi nibe. Tanx 4 ur continual guidance @ all contributors

Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%

Tooooooo low way below inflation rate 9.4%

This has a significant effect on every MMF that does not have a guaranteed interest because it means the yeild on those funds is also going to fall, generally interest rates have fallen. Interest rate and stock market performance are inversely related, this means when interest rate increases, stocks will fall and when interest rate reduces stock prices increase. It's simple logic when rates are not worth relaxing I will rather take the risk at the big ones. And as more people move into stock demand increases leading to and increase in price of stocks.

ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%

Tooooooo low way below inflation rate 9.4%

This has a significant effect on every MMF that does not have a guaranteed interest because it means the yeild on those funds is also going to fall, generally interest rates have fallen. Interest rate and stock market performance are inversely related, this means when interest rate increases, stocks will fall and when interest rate reduces stock prices increase. It's simple logic when rates are not worth relaxing I will rather take the risk at the big ones. And as more people move into stock demand increases leading to and increase in price of stocks.

hmmm, insightful

ernie4life:
Tbills rage for today's auction 4/09/2015‎
‎
91days= 6.35%    -    6.55%‎
180days= 8.30%   -   9.00%
364days=   9.00%   - 9.50%

Tooooooo low way below inflation rate 9.4%

This has a significant effect on every MMF that does not have a guaranteed interest because it means the yeild on those funds is also going to fall, generally interest rates have fallen. Interest rate and stock market performance are inversely related, this means when interest rate increases, stocks will fall and when interest rate reduces stock prices increase. It's simple logic when rates are not worth relaxing I will rather take the risk at the big ones. And as more people move into stock demand increases leading to and increase in price of stocks.

Yes o! Without doubt it will affect our yields. Infact e don affect sef...FBN MMF has been around 12.x% for some days now...we don't see our regular 13.x or occasional 14.X% anymore.

However, I still see us doing better than the rates above because MMF is a mixture of instruments. This is the beauty of a pool of funds. For some reason I have always loved to benchmark against 12% for my calculation, maybe because it is easier with 12 months in year...I just look forward to 1% every month. Even with Inflation at above 9%, you still make a respectable 2-2.5%...not bad for passive income and it ensures you are not losing money to inflation.

http://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund

carpenter:



Yes o! Without doubt it will affect our yields. Infact e don affect sef...FBN MMF has been around 12.x% for some days now...we don't see our regular 13.x or occasional 14.X% anymore.

However, I still see us doing better than the rates above because MMF is a mixture of instruments. This is the beauty of a pool of funds. For some reason I have always loved to benchmark against 12% for my calculation, maybe because it is easier with 12 months in year...I just look forward to 1% every month. Even with Inflation at above 9%, you still make a respectable 2-2.5%...not bad for passive income and it ensures you are not losing money to inflation.

http://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund

u r 1 of d few pple i love reading their comments #no homo

carpenter:



Yes o! Without doubt it will affect our yields. Infact e don affect sef...FBN MMF has been around 12.x% for some days now...we don't see our regular 13.x or occasional 14.X% anymore.

However, I still see us doing better than the rates above because MMF is a mixture of instruments. This is the beauty of a pool of funds. For some reason I have always loved to benchmark against 12% for my calculation, maybe because it is easier with 12 months in year...I just look forward to 1% every month. Even with Inflation at above 9%, you still make a respectable 2-2.5%...not bad for passive income and it ensures you are not losing money to inflation.

http://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund

what are the instruments in this mixture? would like to look at each of them and their present individual yields in this bad market

feelamong:


what are the instruments in this mixture? would like to look at each of them and their present individual yields in this bad market

Available at the same link above and a snapshot attached.

I reckon it is a broad range since the percentages even overlap.

masonkz:


Please how has your experience with ARM been?

And I guess the standing order thingy is good for investments like these. Do banks charge for standing orders?

Everything is by email I deposited with card and sent confirmation and write to them at every step
I think the reply emails fast for any update or enquiry
It's been great

carpenter:


Available at the same link above and a snapshot attached.

I reckon it is a broad range since the percentages even overlap.

with the way all money market instruments and bank placements are falling...

isnt this also bound to fall?

feelamong:


with the way all money market instruments and bank placements are falling...

isnt this also bound to fall?

Without a doubt it is falling ...

Unsually, everything does not fall at the same time in an economy, there are always opportunities to make some head way in a diversified portfolio. However, I am just an investor and I judge by what I get...once the yields are not favourable, I move on to something else.As long as I am doing better than inflation am happy, that is the new standard for me.

carpenter:


Without a doubt it is falling ...

Unsually, everything does not fall at the same time in an economy, there are always opportunities to make some head way in a diversified portfolio. However, I am just an investor and I judge by what I get...once the yields are not favourable, I move on to something else.As long as I am doing better than inflation am happy, that is the new standard for me.

how do u come about ds economic figures and stats? Ddnt pay much attention in economics class.

masonkz:


Please how has your experience with ARM been?

And I guess the standing order thingy is good for investments like these. Do banks charge for standing orders?

There is usually no bank charge for the direct debit but some banks charge a one time fee of #105 to set it up then going forward no charge. Am actually one of their relationship manager. For more information you can send me an email at kelvin.chiejine@arm.com.ng or call on 09031599840, 08121198293.

carpenter:



Yes o! Without doubt it will affect our yields. Infact e don affect sef...FBN MMF has been around 12.x% for some days now...we don't see our regular 13.x or occasional 14.X% anymore.

However, I still see us doing better than the rates above because MMF is a mixture of instruments. This is the beauty of a pool of funds. For some reason I have always loved to benchmark against 12% for my calculation, maybe because it is easier with 12 months in year...I just look forward to 1% every month. Even with Inflation at above 9%, you still make a respectable 2-2.5%...not bad for passive income and it ensures you are not losing money to inflation.

http://www.fbnquest.com/asset-management/our-products/mutual-funds/fbn-money-market-fund

Bros respect... I have actually been following your posts for over a year now and I must say you know your onions.

Johnrake69:


There is usually no bank charge for the direct debit but some banks charge a one time fee of #105 to set it up then going forward no charge. Am actually one of their relationship manager. For more information you can send me an email at kelvin.chiejine@arm.com.ng or call on 09031599840, 08121198293.

nice to have someone from ARM here, we would like to know more about ARM mutual funds,

Give us a brief about all ARM mutual funds with specific details to there classifications, tax implications, interest rate, tenure, minimum investment amount any extra information you think would be helpful.