Mutual Funds - Investment (107)

Mutual Funds - Investment (107) - Nairaland

Nairaland Forum › Nairaland General › Investment › Mutual Funds (1516236 Views)

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Re: Mutual Funds by Yem0350: 12:56pm On Sep 02, 2018

Buffalowings3:
Money market fund for ARM
Equity fund for Axamansard

Both have lost 8k in 5 months
TB wouldn't have had this kind of issues

I have MMF in ARM and it has never depreciate.
You need to check your MMF ARM very well. You can even use your glasses

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Re: Mutual Funds by Psychodavidovic(m): 5:47pm On Sep 02, 2018

Please, Is the interest on stanbic's mmf added daily ?

And is the interest invested back with capital ? If yes then how often ? Monthly ? Quarterly ?

1 Like 1 Share

Re: Mutual Funds by chris81964(m): 6:59pm On Sep 02, 2018

Yem0350:
I have MMF in ARM and it has never depreciate.
You need to check your MMF ARM very well. You can even use your glasses

DO naira cost averaging. Set a specific amount to invest every month. You will be buying at the high the low and the middle. When you average your cost of ownership it will lower than if you purchased only at the top

Re: Mutual Funds by Buffalowings3(m): 8:43pm On Sep 02, 2018

Yem0350:
I have MMF in ARM and it has never depreciate.
You need to check your MMF ARM very well. You can even use your glasses

What do I have to gain by lying?
After all its my money?
I bought 60k now it is 57kr

I won't exchange words with you cos I'm sure youre a marketer undecided

Re: Mutual Funds by Yem0350: 10:35pm On Sep 02, 2018

Buffalowings3:

What do I have to gain by lying?
After all its my money?
I bought 60k now it is 57kr

I won't exchange words with you cos I'm sure youre a marketer

At what unit price did you buy it and what is the current unit price of the money market fund?
Since Jan till date, it has been #1.
I am not a marketer, but wonder how your money market fund keeps depreciating with a constant #1 unit price.

Re: Mutual Funds by MrHighSea: 5:49am On Sep 03, 2018

NoQualms1:
Hello guys, has anyone being able to get their MMMF account statement using stanbic Mobile app. I've tried several times, a message will be displayed that it has been sent to my mail but I have never received it.

Or is there another way of getting the statement?

Yes.
Sent to my email.
That was less than 30 days ago

Re: Mutual Funds by OdunetLbs: 7:12am On Sep 03, 2018

Buffalowings3:
Money market fund for ARM
Equity fund for Axamansard

Both have lost 8k in 5 months
TB wouldn't have had this kind of issues

Bro,

Can you check which ARM fund you are invested in. I know the have over 4 different funds. The Aggressice growth, ethical fund, money market, discovery fund, etc. The prices of all these funds go up and down except one: the money market fund. You shouldnt lose with that once except if there is something shady going on. That is not normal or expected.

Check well and advice us. Maybe u were wrongly subscribed for the wrong fund also.

1 Like

Re: Mutual Funds by AbbyE: 7:33am On Sep 03, 2018

Buffalowings3:

What do I have to gain by lying?
After all its my money?
I bought 60k now it is 57kr

I won't exchange words with you cos I'm sure youre a marketer

Kindly check what fund you invested in , Money market never depreciates your capital irrespective of whether it is ARM, Stanbic or AXA

1 Like

Re: Mutual Funds by Ugosample(m): 7:36am On Sep 03, 2018

AbbyE:
Kindly check what fund you invested in , Money market never depreciates your capital irrespective of whether it is ARM, Stanbic or AXA

That's my thoughts too.

This case is somehow

he better takes it up b4 his money enter voicemail

Re: Mutual Funds by Yem0350: 8:18am On Sep 03, 2018

AbbyE:
Kindly check what fund you invested in , Money market never depreciates your capital irrespective of whether it is ARM, Stanbic or AXA

I wonder oh

Re: Mutual Funds by IHelp: 8:53am On Sep 03, 2018

Buffalowings3:

What do I have to gain by lying?
After all its my money?
I bought 60k now it is 57kr

I won't exchange words with you cos I'm sure youre a marketer

Definitely not money market fund. Contact customer care to confirm the fund you are subscribed to or login to you account online to confirm.

Re: Mutual Funds by jpphilips(m): 10:30am On Sep 03, 2018

Buffalowings3:
Useless Axamansard, ARM..

These funds are tied to the stock market

The amount wey I put there dey reduce.

Thieves everywhere.

I was hoping that at least the money will stay the same.
Invest in TB for now

You must have chosen a capital market portfolio, the fund managers work with your instruction, kpele

Re: Mutual Funds by jpphilips(m): 11:36am On Sep 03, 2018

Yem0350:
I have MMF in ARM and it has never depreciate.
You need to check your MMF ARM very well. You can even use your glasses

What is ARM's true yield compared to their FMANN's quoted rate?

Re: Mutual Funds by Yem0350: 1:47pm On Sep 03, 2018

jpphilips:
What is ARM's true yield compared to their FMANN's quoted rate?

12.3 as at last week Friday

Re: Mutual Funds by jpphilips(m): 3:00pm On Sep 03, 2018

Yem0350:
12.3 as at last week Friday

Impressive!

Re: Mutual Funds by moneywoman74: 8:06pm On Sep 03, 2018

Nope, you can't loss your money on MMF unless otherwise,

You must get daily interest, it may be low or lower sometimes depending on the market but your capital will never depreciate.

Buffalowings3:
Money market fund for ARM
Equity fund for Axamansard

Both have lost 8k in 5 months
TB wouldn't have had this kind of issues

Re: Mutual Funds by Buffalowings3(m): 12:11am On Sep 04, 2018

moneywoman74:
Nope, you can't loss your money on MMF unless otherwise,

You must get daily interest, it may be low or lower sometimes depending on the market but your capital will never depreciate.

Yeah thanks
It is AGF part of the portfolio that lost money.

Re: Mutual Funds by unite4real: 9:37am On Sep 04, 2018

Buffalowings3:
Yeah thanks
It is AGF part of the portfolio that lost money.

i did this ARM AGF from 2008 to 2014. A whole 6 years and as at 2014 my fund never grew above my initial principal. I bought at N20 per unit in 2008 and in 2014, the price was N13.8. I liquidated and used the money to buy bond and it has been profits since then. my fund has compounded to double since then.

wisdom is profitable to direct

Re: Mutual Funds by lgboks(m): 9:42am On Sep 04, 2018

How do I calculate daily interest for stanbic ibtc mmf. I know their daily score is about 11%. But I still don't get how to calculate their daily added interest.
I was calculating 11% of 40000 = 4400 grin

Then realized am greedy

Re: Mutual Funds by jujutom(m): 9:48am On Sep 04, 2018

lgboks:
How do I calculate daily interest for stanbic ibtc mmf. I know their daily score is about 11%. But I still don't get how to calculate their daily added interest.
I was calculating 11% of 40000 = 4400
Then realized am greedy

Looolz.... dat 11% is per year... so per month is like approx 1% which will translate to 90-100 per day depending on how much u hv

1 Like

Re: Mutual Funds by irookie(m): 11:44am On Sep 04, 2018

lgboks:
How do I calculate daily interest for stanbic ibtc mmf. I know their daily score is about 11%. But I still don't get how to calculate their daily added interest.
I was calculating 11% of 40000 = 4400
Then realized am greedy

Lolllz....once calculated it like that too..how we wish..

you need to further divide the 4400 by 365 (nos of days in a year) so it will be around N12 per day.

Hope this helps

2 Likes 1 Share

Re: Mutual Funds by Flunitrazepam(m): 1:00pm On Sep 04, 2018

2rucool:
Pls send the form to peteraanu@gmail.com. Thanks.

Re: Mutual Funds by jpphilips(m): 6:28pm On Sep 04, 2018

Yem0350:
12.3 as at last week Friday

how often does ARM roll over?

Re: Mutual Funds by Yem0350: 8:20pm On Sep 04, 2018

jpphilips:
how often does ARM roll over?

Every quarter

Re: Mutual Funds by Buffalowings3(m): 8:57pm On Sep 04, 2018

unite4real:
i did this ARM AGF from 2008 to 2014. A whole 6 years and as at 2014 my fund never grew above my initial principal. I bought at N20 per unit in 2008 and in 2014, the price was N13.8. I liquidated and used the money to buy bond and it has been profits since then. my fund has compounded to double since then.

wisdom is profitable to direct

Fu..ck

Re: Mutual Funds by Nobody: 8:59pm On Sep 04, 2018

Ghen ghen

Re: Mutual Funds by Ikmontana1: 10:54am On Sep 05, 2018

hi bosses, pls what are d different tenors available for investment in MMF ?

Re: Mutual Funds by Ikmontana1: 10:56am On Sep 05, 2018

4601CE:
Ghen ghen

hi boss,
I read ur comments on d treasury bills thread, pls cud u give me a brief explanation abt MMF ?

Re: Mutual Funds by ernie4life(op): 10:56am On Sep 05, 2018

Ikmontana1:
hi bosses,
pls what are d different tenors available for investment in MMF ?

No Tenor, its earn as you Go grin

in MMF

Re: Mutual Funds by Ikmontana1: 11:09am On Sep 05, 2018

ernie4life:
No Tenor, its earn as you Go in MMF

ok boss, what if after 3 months I wnt to liquidate ma investment, is there any charges ?

Re: Mutual Funds by ernie4life(op): 11:15am On Sep 05, 2018

Ikmontana1:
ok boss,
what if after 3 months I wnt to liquidate ma investment,
is there any charges ?

no charges after the first 30 days for majority of MMF
but still confirm from the fund manager before investing.

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