GonFreecss1:


Currently over 15%, it has been kinda consistent over the years to be honest.

How are we sure 15% will be distributed. I know they have minimum bench mark. I will try them out with little funds

GonFreecss1:


Currently over 15%, it has been kinda consistent over the years to be honest.

Thanks

Yem0350:

How are we sure 15% will be distributed. I know they have minimum bench mark. I will try them out with little funds

Well true. I will suggest you talk to them though to be on the safe side. Or some people here might have used them.

emmy4lov:
AXAmansard's just hit 12.99%

Please do they have app

akinola98:


Please do they have app

Yes

Yem0350:

How are we sure 15% will be distributed. I know they have minimum bench mark. I will try them out with little funds

The last time i spoke to their rep in September 2018, i was informed that 9% daily is guaranteed while at the end of the quarter/annually they share additional dividend which is not fixed rate

Yem0350:

Yes

Pls what is the name of the app on IOS ??

ajeleomo:


The last time i spoke to their rep in September 2018, i was informed that 9% daily is guaranteed while at the end of the quarter/annually they share additional dividend which is not fixed rate

Exactly. Vgif is the only mf with a guaranteed return benchmarked to SDF rate which is currently 9% and the opportunity to earn 35% of the excess return on the minimum.

Unlike other funds the fund manager(investment one) takes his administrative charge after paying the guaranteed minimum return.

akinola98:


Pls what is the name of the app on IOS ??

I only know of play store

good evening...please I'm new here.. I want to invest in a money market fund... but I'm so confused on which one to go for and how to go about it...please I need your help on this

Axa Mansard.

akinola98:


Pls what is the name of the app on IOS ??

akinola98:


Please do they have app

yes they do... You get it on play store https://play.google.com/store/apps/details?id=com.axamansard.app

Axa mansard is currently 13.53%.

emmy4lov:
Just a quick question,

Is it right to speed ones investment. I'm presently have some investment with AXAmansard's and SFS capital, all mutual funds And I'm considering opening another Account with a different company

It would be better if you spread across different classes of investments. i.e. mutual funds, treasury bills, commercial papers, stocks etc

coolangel54:
Axa mansard is currently 13.53%.

Correct. The rate is certainly attractive. Any idea on fbnquest and stanbic ibtc rates?

GonFreecss1:


Currently over 15%, it has been kinda consistent over the years to be honest.

I spoke to their rep yesterday and I'm kinda confused on which to go for.. interest are almost the same

xcitedjay:


It would be better if you spread across different classes of investments. i.e. mutual funds, treasury bills, commercial papers, stocks etc

please can you shared more light in how I can get started with commercial papers, stocks

Hi guys,
I have some money I am not using till next year, but.... I am confused about where to invest in, Mutual funds or Treasury bills, can someone please explain the pros and cons of these two. Thanks

GonFreecss1:



Sorry for the late reply. Do what the above said, worked for my Junior bro who had just 5K in his Stanbic MMF account. He typed everything to the last kobo and got his money.

I have tried it twice but cld not get all

yak:


I have tried it twice but cld not get all

Check for your current NAV, input it in the redemption amount (inclusive of kobo)

Yem0350:

Check for your current NAV, input it in the redemption amount (inclusive of kobo)

Ok..
Will try that

fnglng:
Hi guys,
I have some money I am not using till next year, but.... I am confused about where to invest in, Mutual funds or Treasury bills, can someone please explain the pros and cons of these two. Thanks

The little i know.... One pro of Mutual funds is that you can liquidate anytime with no charges. Treasury bill if you want to liquidate before the expiration of your tenor you will be charged some percentage. A pro of treasury bills. your interest is paid upfront, so incase you want to invest the interest in something else...For mutual funds its calculated daily. i dont think the overall annual interest is much different between these two. so u may need to base your choice on whether or not for some reason u might have need for the money before the end of your tenure.

kayrukky:
Axa Mansard.

Does not exist on IOS
Thanks anyway

It does. If you don’t know ask. Okay.

akinola98:


Does not exist on IOS
Thanks anyway

Thanks a lot for this input

mfonox:


The little i know.... One pro of Mutual funds is that you can liquidate anytime with no charges. Treasury bill if you want to liquidate before the expiration of your tenor you will be charged some percentage. A pro of treasury bills. your interest is paid upfront, so incase you want to invest the interest in something else...For mutual funds its calculated daily. i dont think the overall annual interest is much different between these two. so u may need to base your choice on whether or not for some reason u might have need for the money before the end of your tenure.

how long does it take to liquidate SIMMF with Stanbic?

Anyone with recent experience to share?

thanks

emmy4lov:


I spoke to their rep yesterday and I'm kinda confused on which to go for.. interest are almost the same

Ask them for a performance sheet over the years.

Nairalanders,I am considering opening a domiciliary account in US dollars denomination for an intention to withdraw from Canada.Which bank should I go with considering charges,services and exchange rates?

megacontrol:
how long does it take to liquidate SIMMF with Stanbic?

Anyone with recent experience to share?

thanks

withdrew funds in december (i think 2nd week or so).
applied for withdrawal in the morning, and got my cash late afternoon of the same day (around 4pm ish)

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I came across this quote while reading a book yesterday... Why 'A' Students Work For "C" Students - Robert Kiyosaki

Bogle points out that in mutual funds, you, as the investor, put up 100% of the money and take 100% of the risk. The mutual fund company puts up no money, takes no risk, and yet keeps 80% of the returns. The investor gets back 20% of the gains, if there are gains.

Warren Buffett Agrees
Warren Buffett is regarded as one of the greatest investors of our time. He is a capitalist. He is an entrepreneur. He is not a managerial capitalist. This is what Warren Buffett has to say about these corporate money managers, managerial capitalists, most of whom are "A" students from great schools.

He says:
"Full-time professionals in other fields, let’s say dentists, bring a lot to the layman. But in the aggregate, people get nothing for their money from professional money managers."

If this is true, it might be stated another way: Those who choose not to become financially educated or play an active role in their investments and, instead, turn their money over to professional money managers, are abdicating responsibility for their financial future.

Any comment on this?