jp130:
please i just downloaded ibtc mmf forms. should i print all the 8 copies and fill wher i am required to fill?

Kemade2007:

Thank you sooooooooo much

Click on quote

ernie4life:


for what tenure pls?

just so I understand fully, 10m for fixed deposit and 18% for any amount on the mmf?

Thanks







10m

slegerman:


18%

Fummyaden:

Hi, this 18% is it for any investor irrespective of the amount invested?
Thanks

huslerr:
Hello. I'm new to investment as a whole but I'm looking to put my life savings in a reputable investment fund/managers. Which do you recommend ?

Sach:
My balance is 20k on Friday and becomes 22k on Monday at a rate of 1kper day, covering the weekend, but nothing is credited for Monday. How does the crediting work please? It appears a day is being skipped....

slegerman:


If I get you right, you are saying you have 20k on your mutual fund account on Friday and on Monday it increases to 22k? If this is what you are saying, then your calculation is wrong. you cannot earn an interest of 1k daily on your mutual fund with that amount.

huslerr:
Hello. I'm new to investment as a whole but I'm looking to put my life savings in a reputable investment fund/managers. Which do you recommend ?

austine4real:
Pls after filling the ibtc forms where will I take it to?

Pls what is there current interest rate.

austine4real:
Pls after filling the ibtc forms where will I take it to?

Pls what is there current interest rate.

austine4real:
Pls after filling the ibtc forms where will I take it to?

Pls what is there current interest rate.

huslerr:
Hello. I'm new to investment as a whole but I'm looking to put my life savings in a reputable investment fund/managers. Which do you recommend ?

Fummyaden:
18%

oseri:
Take it to any stanbic IBTC bank with a utility bill, one passport photograph and a means of identification like national Id card, voter's card, drivers license.
If u need additional info, pls DM me so I can send u the phone number of one of their workers. And again u need to provide evidence of payment. If u check the form u filled, u should see the stanbic account number for money market funds. U can do online transfer and print out the payment advice. For more info, send a mail to mutualfunds@stanbicibtc.com

Fxmanager:


We are here for you. Your #1,000,000 can currently give you an average of #50,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #500,000 after 48 months of your investment with us, you can do so using compound interest in your investment with us. This means after 4 years of your investment with us using compound interest, you will be getting a average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital.

At 5% average monthly returns using compound interest without withdrawing funds from your account, your #1,000,000 will grow to #10,401,269.7+ in 4 years time (48 months).

How is it possible to turn #1,000,000 to #10,401,269.7+ in 4 years?

It is possible through the power of compound interest as explained below.

Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward)

Monthly compound interest formula
We are using monthly here ,since we are talking of monthly returns.
The formula for Monthly compound interest, including principal sum, is:
A = P (1 + r/n) (nt)
Where:
A = the future value of the investment, including interest(returns)
P = the principal investment amount (the initial deposit amount)
r = the monthly interest rate(returns) in decimal.
n = the number of times that interest is compounded per month (in this case once or one time)
t = the number of months the money is invested
Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this:
Total compounded interest = P (1 + r/n) (nt) - P
Or simply
Total compounded interest =A-P
Let's look at an example
Compound interest formula (including principal):
A = P(1+r/n)(nt)
If an amount of #1,000,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 48months (I.e 4 years) can be calculated as follows...
P = #10,401,269.7. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 48.
If we plug those figures into the formula, we get:
A = #1,000,000(1 + 0.05 / 1) ^ (1(48)) = #10,401,269.7
So, the investment balance after 48 months (4years) is #10,401,269.7
Methodology
Step-by-step explained, how we get the #10,401,269.7. This all revolves around BODMAS and the order of operations. Let's go through it:
A = #1,000,000(1 + 0.05 / 1) ^ (1(48))
Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(48). This gives us...
A = #1,000,000(1 + 0.05) ^ 48
Then:
A = #1,000,000(1.05) ^ 48
The exponent goes next. So, we calculate (1.05) ^ 48.
This means we end up with:
#1,000,000× 10.401269646942109782178152880917
= #10,401,269.7
You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period.

We have the best currency trading team here to assist you in building your #1,000,000 to over #10,401,269.7 in 4years (48 months) and beyond. You will be getting an average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest after the 48 months, helping you live the life you deserve even without a job. You can give us a trial.

ernie4life:



investment one fund managers

Cation:
ARM MONEY MARKET FUND. OR. STANBIC IBTC MONEY MARKET FUND.

huslerr:
drop a link or your company name

Fxmanager:


This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below. Our company link is in the first post of the Nairaland link below, which is our public currency trading journal

https://www.nairaland.com/3901897/currency-trading-journal-target-avg

Visit the posts below to learn how to avoid scam and fraud. Learn to check and get the regulatory body's website to verify any company's regulatory status.

https://www.nairaland.com/3925379/investments-anti-scam-fraud-guide
https://www.nairaland.com/3931027/4-ways-avoid-investment-scams

huslerr:
drop a link or your company name

Fummyaden:
Hi,

So all things being equal with the stanbic mmf, if I invest for one month do I get 18% or 18% divided by 12? and for the daily returns,
is it 18% 0r 18% divided by 365.
please advise.

Thanks

MrBigiman:


Fear fear. Nothing comes easy, and anyone making spurious financial assertions is not credible.

Don't let d scammers fool you!