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Mutual Funds - Investment (44) - Nairaland

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Re: Mutual Funds by Houstency(m): 8:22pm On Oct 06, 2017
*.

1 Like

Re: Mutual Funds by od4life(m): 8:43pm On Oct 06, 2017
Houstency:
Stanbic MMF is playing some kind of games I'm yet to come to terms with..

From early hours of the morning I checked my balance and what I've as at this evening, there is a deficit of #4,000 plus .... Any possible explanations gurus in the house please. It all happened today
Same with mine. I don't understand Stanbic MMF anymore.
Re: Mutual Funds by Mup4life: 8:59pm On Oct 06, 2017
Houstency:
Stanbic MMF is playing some kind of games I'm yet to come to terms with..

From early hours of the morning I checked my balance and what I've as at this evening, there is a deficit of #4,000 plus .... Any possible explanations gurus in the house please. It all happened today
i think they are experiencing some system glitches due to their new implementation, but what you have should be your correct value. Experienced it ystrdy almosk 5k deducted , but when i caculated my interest was pinpoint.
Re: Mutual Funds by Houstency(m): 9:12pm On Oct 06, 2017
*.
Re: Mutual Funds by Kemade2007(f): 9:26pm On Oct 06, 2017
ijeshaboy:
Please I did an online subscription of a substantial amount(stambic mmf) in the morning and it has not yet reflect )in my e account since morning, and I noticed some amount has been deducted from my balance, what is the way forward?

Wait till Monday. It happens to me sometimes
Re: Mutual Funds by Mup4life: 9:36pm On Oct 06, 2017
Houstency:


Thanks for replying sir, 4k plus ain't a small money for one to chill(lol). I would still write their customer care to actually understand how the new system works and how it affected my cash.
ya,already sent them a message , with screenshots of the two balance and dates, waiting patiently for their reply.
Re: Mutual Funds by ijeshaboy: 10:30pm On Oct 06, 2017
Kemade2007:


Wait till Monday. It happens to me sometimes
it has been credited. Thanks
Re: Mutual Funds by Kemade2007(f): 11:22pm On Oct 06, 2017
ijeshaboy:
it has been credited. Thanks

cool
Re: Mutual Funds by Ty207: 4:29am On Oct 07, 2017
Houstency:
Stanbic MMF is playing some kind of games I'm yet to come to terms with..

From early hours of the morning I checked my balance and what I've as at this evening, there is a deficit of #4,000 plus .... Any possible explanations gurus in the house please. It all happened today
Same thing happen to me 10k+ was deducted from my account 4days ago. Up till now they have not credit me back
Re: Mutual Funds by Kemade2007(f): 10:01am On Oct 07, 2017
Ty207:

Same thing happen to me 10k+ was deducted from my account 4days ago. Up till now they have not credit me back

Same here and the money have not been refunded but I have already sent a mail to them
Re: Mutual Funds by sammily(m): 10:06am On Oct 07, 2017
Houstency:
Stanbic MMF is playing some kind of games I'm yet to come to terms with..

From early hours of the morning I checked my balance and what I've as at this evening, there is a deficit of #4,000 plus .... Any possible explanations gurus in the house please. It all happened today

How do you check your Stanbic MMF balance? Is there an app or you log on to their website?
Re: Mutual Funds by Houstency(m): 10:23am On Oct 07, 2017
*.
Re: Mutual Funds by sabanageorge(f): 10:23am On Oct 09, 2017
Re: Mutual Funds by beyolah: 6:05am On Oct 11, 2017
Hello
Is anyone here investing in stanbic guaranteed investment fund.
What is it like?
What has been your experience with the fund?
Thank you

1 Like

Re: Mutual Funds by waffluence(m): 12:26pm On Oct 11, 2017
Willie2015:


It is advisable to stick with Treasury Bills... If you want long term investments, shift to FGN Bonds or FGN Savings Bonds.All these crowdfunding schemes are temporary and you may lose your funds.

Be wise

I quite understand your skepticism about investing in crowdfunding because scammers are getting smarter everyday and have also devise means of doing it through crowdfunding. However, my object of discuss is to reaffirm that Transberg is real with real human face, workforce and physical vehicles and verifiable office address. You also have the opportunity of recouping a part of your initial capital and interest from the first month. You can join the Transberg whatsapp group chat on 08034234960 for more info.





Re: Mutual Funds by waffluence(m): 12:36pm On Oct 11, 2017
sabanageorge:

I know Transberg. I'm not convinced about their business model.

The business model is for real. People get paid whenever their investment fall due. Join Transberg whatsapp chat group 08034234960
Re: Mutual Funds by anori: 1:35pm On Oct 11, 2017
beyolah:
Hello
Is anyone here investing in stanbic guaranteed investment fund.
What is it like?
What has been your experience with the fund?
Thank you

I subscribed to GIF at the same time as MMF. Its great, there's hardly any fall in price, its increase is steady. The interest is about the same as MMF and you get a yearly dividend which isn't spectacular. Its more of a long term investment and its not exciting watching it daily. I would say its the safest of all the funds.

1 Like

Re: Mutual Funds by beyolah: 2:26pm On Oct 11, 2017
anori:


I subscribed to GIF at the same time as MMF. Its great, there's hardly any fall in price, its increase is steady. The interest is about the same as MMF and you get a yearly dividend which isn't spectacular. Its more of a long term investment and its not exciting watching it daily. I would say its the safest of all the funds.

Thank you for the information
Re: Mutual Funds by waffluence(m): 10:18pm On Oct 11, 2017
jmanity:


I just looked up transberg now, their business concept is cool but my only problem is insurance, they can wake up tomorrow and disappear with my funds.

The investment is in the vehicles and we have comprehensive insurance. Nothing like disappearing with your fund since you will be earning monthly.
Re: Mutual Funds by RedCapChief(m): 12:25am On Oct 12, 2017
sabanageorge:
I'm in the process of opening an account with FBN and subscribing to their dollar fund. I actually sent all my details for opening the account already and they should open it today. Does anyone have experience with this in terms of customer service, interests, etc?


Have you had any success doing this? What's the customer service like?
2017 has been good for them, with total returns supra 10%. There's also some reporting from Bloomberg that investors were falling over themselves for a slice of the upcoming FG $5.5 billion Eurobond.

I'd like to partake in the fund but I'm not in Nigeria
Re: Mutual Funds by RedCapChief(m): 12:37am On Oct 12, 2017
Comparing T-Bills with Money market funds is just weird. Interest compounding and the ability of investment banks to get sweet deals at CBN's Open Market Auctions put MMFs ahead.
How do you take advantage of corporate commercial papers @ 18% if you don't use an MMF?

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Re: Mutual Funds by sabanageorge(f): 9:51am On Oct 12, 2017

1 Like

Re: Mutual Funds by jossy26: 1:38pm On Oct 12, 2017
Hello house which of arm money market fund or Stanbic ibtc mmf is prefarable in terms of dividend payout and prompt service delivery? Would appreciate response from those that ve done both investment recently. Thanks
Re: Mutual Funds by MrBigiman: 3:16pm On Oct 12, 2017
jossy26:
Hello house which of arm money market fund or Stanbic ibtc mmf is prefarable in terms of dividend payout and prompt service delivery? Would appreciate response from those that ve done both investment recently. Thanks

Follow ur heart. I'ld choose ARM.
Re: Mutual Funds by dandollar1: 11:49am On Oct 16, 2017
Please what's the current rate for stanbic Mmf, I need to move from my funds from another bank.
Re: Mutual Funds by slegerman(m): 9:29pm On Oct 16, 2017
dandollar1:
Please what's the current rate for stanbic Mmf, I need to move from my funds from another bank.

18%
Re: Mutual Funds by Investnow2017: 9:52pm On Oct 16, 2017
I found this article both instructive and quite enlightening.

Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme: https://qz.com/1100886/bitcoin-in-africa-is-driven-by-mmm-mavrodi-ponzi-scheme/

2 Likes

Re: Mutual Funds by dotcomnamename: 10:21pm On Oct 16, 2017
Investnow2017:
I found this article both instructive and quite enlightening.

Bitcoin’s rise in African markets is driven by an old Russian ponzi scheme: https://qz.com/1100886/bitcoin-in-africa-is-driven-by-mmm-mavrodi-ponzi-scheme/

Boss, please how much is 1 Bitcoin now?
Re: Mutual Funds by Investnow2017: 8:09am On Oct 17, 2017
dotcomnamename:


Boss, please how much is 1 Bitcoin now?

I am not into Ponzi schemes. So i dont know.
Re: Mutual Funds by thebigkendo(m): 8:45am On Oct 17, 2017
dotcomnamename:


Boss, please how much is 1 Bitcoin now?

1 Bitcoin = $5665 = approximately NGN 2,000,000.00
Re: Mutual Funds by Ojix85: 9:26am On Oct 17, 2017
Investnow2017:


I am not into Ponzi schemes. So i dont know.

Bro, you feel Bitcoin investments are ponzi schemes? I ask because i intend to learn from your perspective.

Personally, i feel they are simply speculative instruments rather than investment instruments.

Would like to read from you.

3 Likes

Re: Mutual Funds by dotcomnamename: 10:09am On Oct 17, 2017
thebigkendo:


1 Bitcoin = $5665 = approximately NGN 2,000,000.00


Big risk shocked

2 Likes

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