Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light

There is a very active thread on Mutual Funds where many have invested & update regularly on Stambic Money Market & other Mutual funds.

missfrancess:
Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light

Don't waste your time on it. It's nothing to write home about. I once invested but the interest is very low and it could still wipe out at any time. For about 6 months I was only able to realise about a #1,000. Look for something better to invest your money

missfrancess:
Has anybody benefits from this Stanbic Ibtc money market or mutual funds please Throw more light

Yeah I have. The truth is dis: d interest paid on ur fund fluctuates.
if you are doin a regular check on ur acct u will notice it had a steady daily top up of Interest frm say July to Oct dis yr.
It just started fluctuating late Oct . Dou it's not dt bad as some pple paint d picture. Op it comes up again

D capital you have in der depends d interest you get.
Your interest too is affected if you kip making withdrawals.
It's still beta Dan putting ur money in a savings acct.

As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira

As at the tym I followed Dem up around early last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira

gerizzim:
As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira

I messaged you check Email

gerizzim:
As at the tym I followed Dem up around last mnth ND all things being equal, a capital hovering around #260k wit Dem should give you a daily Interest of #80naira

That's about 29k per year which is about 11%. Not bad

alezzy13:


That's about 29k per year which is about 11%. Not bad

They have increased it to 12.11% ND a fund hovering around #300k wit Dem dt u don't withdraw will give u an interest of #100naira daily if u do ur maths very well.

#10k gives you an interest of Abt #4 to #5naira daily as at early last mnth oo dt is if their interest rate hz not chng

prekumohtim:


Don't waste your time on it. It's nothing to write home about. I once invested but the interest is very low and it could still wipe out at any time. For about 6 months I was only able to realise about a #1,000. Look for something better to invest your money

I am guessing u had less than 100k in the MMF at that time.

MMF interest makes more sense when u have at least 100k there. For instance the interest for 3 months on 100k should be about 2700 naira with a daily rate of 12%

Please follow this thread to learn more
https://www.nairaland.com/1912965/mutual-funds/196

missfrancess:
lol

What's funny miss?

gerizzim:


They have increased it to 12.11% ND a fund hovering around #300k wit Dem dt u don't withdraw will give u an interest of #100naira daily if u do ur maths very well.

I see, thanks

Emmaesty:
I am guessing u had less than 100k in the MMF at that time.

MMF interest makes more sense when u have at least 100k there. For instance the interest for 3 months on 100k should be about 2700 naira with a daily rate of 12%

A whole 3 months just to earn #2700 ? With that same 100k I can over 26k/monthly in other platforms, 80k profit in 3 months

prekumohtim:


A whole 3 months just to earn #2700 ? With that same 100k I can over 26k/monthly in other platforms, 80k profit in 3 months

wt would dat platform be sir? I want to know let's us also make 26k monthly like you sir. hope no be Ponzi scheme

gerizzim:


wt would dat platform be sir? I want to know let's us also make 26k monthly like you sir. hope no be Ponzi scheme

It's not a ponzi scheme but their head is shaking right now so I can't introduce u to it. I invest with a forex firm , it pays far more than money market . Sometimes , it looks like blood money because of the high return . But they have their own issues like registeration/documentation with appropriate bodies.

Money Market – Financial Market Definition And Agents - The money market is not a term defining a definite place of locality where money is traded, in essence bought and sold. However it may be described as a market in which short term funds are borrowed and lent. The market does not deal in cash (coins and paper currency) but include the rights to money and capital in the form of credit which includes trade bills, promissory note and government paper which is drawn at short periods. These short term bills or securities are regarded or referred to as near money.

Anybody who borrows me money will get 3% interest rate from me every month. guarantee. I will sign an agreement with u.

Oluwahelpme:
Anybody who borrows me money will get 3% interest rate from me every month. guarantee. I will sign an agreement with u.

Deal?

Imabong80:


Deal?

I can take you up on the offer, my number is on my signature

emperorventure4:


I can take you up on the offer, my number is on my signature

I'll pass.

Thanks.