Glink2018:
I'm just new on this thread:
Just a quick question: if I invest 500k into money market how much are my excepted to get at end of 90days...

Which money market is better and will affect my principal?

bryce1:


My brother if you invest 500k for 90 days,

if I base this on the assumption of the MMF that I operate, you’d get roughly 14,850 and that will represent a 2.97% increase in returns on your investment,

90 days is a short period in investment, as this won’t afford your money to enjoy the miracle of compound interest for a long period , try out the medium term investment say between 5-10years and watch the power of compound interest

I stand to be corrected though

Glink2018:


...too low.
Just the same as treasury Bill in interest...

Thanks for your kind response.

bryce1:


My brother if you invest 500k for 90 days,

if I base this on the assumption of the MMF that I operate, you’d get roughly 14,850 and that will represent a 2.97% increase in returns on your investment,

90 days is a short period in investment, as this won’t afford your money to enjoy the miracle of compound interest for a long period , try out the medium term investment say between 5-10years and watch the power of compound interest

I stand to be corrected though

maishai:

500k for 10yrs with stanbic gives how much

bryce1:


Why not invest in a business if you want higher returns , start up a business 500k is good enough for a start up

Glink2018:


I don't have skill to grow business. And it's dangerous for me to do what I don't understand .

I love to partner with viable business that has a good track record.

Yem0350:

Most of mmf accept 5k
You can try any of the following : axa mansard, arm, fbnquest, stanbic
Interest is on a daily basis and are being added on every working day.
You can choose dividend payout or reinvestment at every quarter.
NB: Interest rate varies
I hope this little explanation helps. Others can also add to it. Just ensure you do a little research on your own

Indigbo:
10m breathing in my account. Lock in the whole 10m on Treasury Bills or 10m on Mutual funds, or 5m to Mutual funds and 5m to Treasury Bills!? Which is more safer/ better with more interest?

r4blessing:
Nobody with 10m in their account ask this kind of questions

Indigbo:
10m breathing in my account. Lock in the whole 10m on Treasury Bills or 10m on Mutual funds, or 5m to Mutual funds and 5m to Treasury Bills!? Which is more safer/ better with more interest?

Indigbo:
10m breathing in my account. Lock in the whole 10m on Treasury Bills or 10m on Mutual funds, or 5m to Mutual funds and 5m to Treasury Bills!? Which is more safer/ better with more interest?

ajeleomo:


Invest the 10M in treasure bill and invest the interest paid in MMF, My candid opinion as this is what i will do

ajeleomo:


Invest the 10M in treasure bill and invest the interest paid in MMF, My candid opinion as this is what i will do

bryce1:


The reason I suggested petty business is because, you want higher returns with a short run period

Funny enough, you can do both investment in mutual funds and also do petty business for fast liquid cash and bigger returns

I have a shop where I sell wristwatches , some come wit a cost price as low as 400naira and I sell them for 2k, that’s 400% returns on my investment in that watch excluding expenses incurred in procuring the watch

Money only multiples when you put it to work

Ogborokiri:
sir is there anyway I can chat you personally I really need to work wit you please

Buffalowings3:
Invest with Ecobank...
Dem try..
Fixed Income Fund..

bryce1:


Why not invest in a business if you want higher returns , start up a business 500k is good enough for a start up

Adedayo12345:
Please roomies does any one invest in stanbic ibtc Nigeria equity fund and what's the advantage over stanbic ibtc money market fund

bryce1:


The reason I suggested petty business is because, you want higher returns with a short run period

Funny enough, you can do both investment in mutual funds and also do petty business for fast liquid cash and bigger returns

I have a shop where I sell wristwatches , some come wit a cost price as low as 400naira and I sell them for 2k, that’s 400% returns on my investment in that watch excluding expenses incurred in procuring the watch

Money only multiples when you put it to work

AbbyE:
Should I trust Stanbic IBTC with my money if they keep making silly mistakes like this

1. I paid some money into my money market fund and they posted it twice in error. Almost three weeks later they have still not been able to do a reconciliation and correct the issue

2. I moved some money between mutual funds , from bond fund to guaranteed last week monday, 8 working days after, they have not credit the guaranteed with the money but they have taken the money out of the bond ( different money from the one above)

I have sent emails which they have not responded to , I am not sure if i have to go to their office

GonFreecss1:


[s]Please can you give us more info on this Guaranteed Fund? What instruments do they invest in? [/s]

Just read up on it, 75% money market, government bonds etc and 25% equity. Principal is guaranteed, but not profits, I think money market is sill better, depending on your portfolio. For someone like me who already invested directly in equities, I think the money market fund is still better to reduce and properly balance my exposure. This fund I think is perfect for those who need a little exposure to the stock market.

GonFreecss1:


You don't understand me. Yes it goes up, but it's exposed to the equities markets. Which means even if your capital is guaranteed, your profits are not. All it takes is a bear market, to do the fund in. I am only trying to explain what you are invested in, I am not criticizing it. Like I said it's perfect for those who don't have an exposure to the stock market and want to mix their Portfolio up without stressing themselves buying equities themselves.

anori:


And you aren't taking on board what i said. Yes the ratio of investment is accurate it is exposed to equities but a maximum of 25%. Because of that a bearish market will not 'do the fund in' because it still earns from the less risky 75% investment. From the stand point of which fund would make more money I would recommend GIF in the long term. I have historical data and 4 years of experience in the fund and its about to pass through a second election period. I have invested in GIF and MMF since 2014 and I have gotten higher returns from GIF than MMF in the long term. MMF is more of a short term investment option with minimum risk. Since you invest in equities you would understand the benefits of holding and the long term gains unless you are a day trader or you prefer the minimum risk from the Mutual Fund.