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Mutual Funds - Investment (208) - Nairaland

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Re: Mutual Funds by coolangel54(f): 10:56am On Dec 20, 2019
Is anyone using the I-invest app here? I need more details please
Re: Mutual Funds by coolangel54(f): 11:00am On Dec 20, 2019
Who is operating a VGIF account with investment one? Please, I need more info, please. I just filled the form online now via their website. I have an MMMF account with AXA, wanna diversify.

1 Like

Re: Mutual Funds by ernie4life(m): 11:50am On Dec 20, 2019
coolangel54:
Who is operating a VGIF account with investment one? Please, I need more info, please. I just filled the form online now via their website. I have an MMMF account with AXA, wanna diversify.


It guarantees you a minimum of 7% which is standard deposit facility (sdf) any other thing is not guaranteed
Re: Mutual Funds by coolangel54(f): 12:04pm On Dec 20, 2019
Please, explain in a layperson's language as I am more confused now.
ernie4life:



It guarantees you a minimum of 7% which is standard deposit facility (sdf) any other thing is not guaranteed

1 Like

Re: Mutual Funds by ernie4life(m): 12:08pm On Dec 20, 2019
coolangel54:
Please, explain in a layperson's language as I am more confused now.

Emmasoft help us out
Re: Mutual Funds by emmasoft(m): 12:39pm On Dec 20, 2019
coolangel54:
ANY OTHER LEGIT INVESTMENT PLATFORM ASIDE MMMF, MBA FOREX AND TBILLS?

Stocks/shares is another investment window if you can take the risk involve
Re: Mutual Funds by emmasoft(m): 1:22pm On Dec 20, 2019
ernie4life:


Emmasoft help us out

I have to be a bit sentimental here grin did you use the link in my signature to open the account? Because that is the only way I can benefit o. Well if not next time use it and help your brother.
That is by the way, what ernie4life is say is this. VGIF has a guaranteed income base on the sdf while there is always additional income. The SDF - standard deposit facility is the rate CBN gives to Banks when they deposit funds with them. It used to be 9% but during one of the CBN meetings within the year it was reduce to 8.5%. So VGIF guaranteed rates is bench marked with sdf. But from experience there is always additional income. You can check my signature for any ... if need be.

3 Likes

Re: Mutual Funds by ernie4life(m): 1:58pm On Dec 20, 2019
emmasoft:


I have to be a bit sentimental here grin did you use the link in my signature to open the account? Because that is the only way I can benefit o. Well if not next time use it and help your brother.
That is by the way, what ernie4life is say is this. VGIF has a guaranteed income base on the sdf while there is always additional income. The SDF - standard deposit facility is the rate CBN gives to Banks when they deposit funds with them. It used to be 9% but during one of the CBN meetings within the year it was reduce to 8.5%. So VGIF guaranteed rates is bench marked with sdf. But from experience there is always additional income. You can check my signature for any ... if need be.


Supported, it would be morally wrong for someone to come here, get sensitive information but go behind you and open an account but when he or she needs further clarification or has a problem, the same person will come here asking for answers.

I remember the days when VGIF was pegged to MPR and was paying more than treasury bills, those good old days

1 Like

Re: Mutual Funds by emmasoft(m): 4:04pm On Dec 20, 2019
ernie4life:



Supported, it would be morally wrong for someone to come here, get sensitive information but go behind you and open an account but when he or she needs further clarification or has a problem, the same person will come here asking for answers.

I remember the days when VGIF was pegged to MPR and was paying more than treasury bills, those good old days

Yes o my brother. I wish those days will come back soonest. Anyway when there is life there is hope.

1 Like

Re: Mutual Funds by NicoKator: 8:30pm On Dec 20, 2019
coolangel54:
ANY OTHER LEGIT INVESTMENT PLATFORM ASIDE MMMF, MBA FOREX AND TBILLS?

Please, is MBA Forex authorised and regulated Investment Program
Re: Mutual Funds by emmasoft(m): 10:52pm On Dec 20, 2019
NicoKator:

Please, is MBA Forex authorised and regulated Investment Program
For the fact that mutual funds rate is lower than what it use to be should not make us take unnecessary risk. Be careful of what n where you want to put your money. Zero returns is a better than negative earnings. An adage says fresh fish is very sweet but it also has fresh n dangerous bones. Let's be well guided.

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Re: Mutual Funds by yak(m): 12:06am On Dec 21, 2019
Probably, govt expect us to begin to invest in real sector like agriculture, physical businesses and productions
Re: Mutual Funds by deleson: 1:01am On Dec 21, 2019
It’s currently 9.92% for FBN.

See attached the screenshot from a recent communication from them.

benedictuyi:

Please any idea of the average annual interest rate?

1 Like

Re: Mutual Funds by Alexgeneration(m): 1:51am On Dec 21, 2019
NicoKator:

Please, is MBA Forex authorised and regulated Investment Program
Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.

2 Likes

Re: Mutual Funds by MKKO: 4:09am On Dec 21, 2019
Good morning all, please I want to be making a savings to monthly that will be able to be paying me interests. What options do I have? Investment gurus please advice.
Re: Mutual Funds by ernie4life(m): 5:59am On Dec 21, 2019
Alexgeneration:

Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.

Supported

1 Like

Re: Mutual Funds by emmasoft(m): 9:31am On Dec 21, 2019
MKKO:
Good morning all, please I want to be making a savings to monthly that will be able to be paying me interests. What options do I have? Investment gurus please advice.

Open MMF or VGIF and do your monthly investment. When rates gets better and you have accumulated much you can diversify some to Tbills. Check my signature to open account
Re: Mutual Funds by benedictuyi(m): 10:15am On Dec 21, 2019
deleson:
It’s currently 9.92% for FBN.

See attached the screenshot from a recent communication from them.

Thanks
Re: Mutual Funds by tomzman: 10:56am On Dec 21, 2019
Hi guys. Can anyone provide details on how an eurobond fund works and how subscription can be made especially if payment to subscribe can be done in Naira. Also any risks involved and conditions attached.
Re: Mutual Funds by deleson: 12:25pm On Dec 21, 2019
See the attached images.

However, I’d advise you speak with the bank of your choice.

tomzman:
Hi guys. Can anyone provide details on how an eurobond fund works and how subscription can be made especially if payment to subscribe can be done in Naira. Also any risks involved and conditions attached.

Re: Mutual Funds by deleson: 12:27pm On Dec 21, 2019
Quick one; Is there a dollar version of MMF?

Something with lower risk, shorter holding/lock down period and daily interest, but in dollar.

If you know any, please share.

* I’m not asking for Eurobond.

Thanks
Re: Mutual Funds by Fxmanager(m): 1:06pm On Dec 21, 2019
Alexgeneration:

Run from them oooo


Forex trade is not regulated by any government agency for now.


Accumulating capital is not an easy task,don't waste it on fictitious investment package.
Please with due respect don't say what you don't understand. This is not just Nairaland forum, but also a public/internet forum. You can make Google your friend. You can also educate yourself on how to detect a ponzi scheme fronting forex trading as their line of business by going through the link below.

https://www.nairaland.com/5486596/ponzi-scam-fraud-schemes-fronting
Re: Mutual Funds by emmanuelewumi(m): 1:16pm On Dec 21, 2019
Fxmanager:
Please with due respect don't say what you don't understand. This is not just Nairaland forum, but also a public/internet forum. You can make Google your friend. You can also educate yourself on how to detect a ponzi scheme fronting forex trading as their line of business by going through the link below.

https://www.nairaland.com/5486596/ponzi-scam-fraud-schemes-fronting


It is not registered and regulated by SEC,

2 Likes

Re: Mutual Funds by emmanuelewumi(m): 1:24pm On Dec 21, 2019
deleson:
Quick one; Is there a dollar version of MMF?

Something with lower risk, shorter holding/lock down period and daily interest, but in dollar.

If you know any, please share.

* I’m not asking for Eurobond.

Thanks

None in Nigeria.

You can buy Eurobond from United capital with $1000. This is about the lowest
Re: Mutual Funds by Alexgeneration(m): 1:31pm On Dec 21, 2019
Fxmanager:
Please with due respect don't say what you don't understand. This is not just Nairaland forum, but also a public/internet forum. You can make Google your friend. You can also educate yourself on how to detect a ponzi scheme fronting forex trading as their line of business by going through the link below.

https://www.nairaland.com/5486596/ponzi-scam-fraud-schemes-fronting
Do you mind telling the house the government agency regulating forex?

1 Like

Re: Mutual Funds by Fxmanager(m): 1:40pm On Dec 21, 2019
emmanuelewumi:



It is not registered and regulated by SEC,
Though the person I quoted never made reverence to the fact that he was referring to regulation of forex trading in Nigeria, forex trading is regulated in other countries and this regulation covers traders and investors doing business with the regulated brokers and their representatives here in Nigeria.

1 Like

Re: Mutual Funds by ernie4life(m): 1:41pm On Dec 21, 2019
emmanuelewumi:


None in Nigeria.

You can buy Eurobond from United capital with $1000. This is about the lowest

I stand to be corrected but I think dollar funds are like MMF,
usually there lock in period is 180days as against buying eurobonds which are typically long term investments.
You can invest with as little as $1k as against buying eurobonds directly where you will need up to $10k and above.

The downsize is when you invest with small volume and or a short tenor, transaction charges alone will almost wipe out your profits grin but dollar funds offerw you the opportunity to accumulate dollars over a period of time while still giving you returns above what domiciliary account would give.

3 Likes

Re: Mutual Funds by emmanuelewumi(m): 2:00pm On Dec 21, 2019
ernie4life:


I stand to be corrected but I think dollar funds are like MMF,
usually there lock in period is 180days as against buying eurobonds which are typically long term investments.
You can invest with as little as $1k as against buying eurobonds directly where you will need up to $10k and above.

The downsize is when you invest with small volume and or a short tenor, transaction charges alone will almost wipe out your profits grin but dollar funds offerw you the opportunity to accumulate dollars over a period of time while still giving you returns above what domiciliary account would give.

Eurobond also have waiting periods of 180 days.

The Eurobond funds of FBN Asset Management, Stanbic IBTC, United Capital and others are all mutual funds.

You need between $1000 and $10,000 to invest in them
Re: Mutual Funds by emmanuelewumi(m): 2:03pm On Dec 21, 2019
To buy Eurobonds directly from the issuer ie Federal Government and Nigerian Corporate Organisations, you will need from $100,000.

Hence the reason why we have Eurobond funds which are managed by fund managers and asset managers.

You will need $10,000 to by the dollar fund of FSDH Asset Management
Re: Mutual Funds by Fxmanager(m): 2:04pm On Dec 21, 2019
Alexgeneration:

Do you mind telling the house the government agency regulating forex?
You did not state the country that you are making reference to. If we assume that you are making reference to regulation of forex trading in Nigeria, then you are right to say that forex trading is not regulated in Nigeria yet. But at the same you need to know that forex trading is regulated in other countries/brokers jurisdiction across the world, and this regulation covers traders/investors doing business with the government licensed and regulated brokers and their representatives here in Nigeria.
Re: Mutual Funds by Alexgeneration(m): 2:20pm On Dec 21, 2019
Fxmanager:
You did not state the country that you are making reference to. If we assume that you are making reference to regulation of forex trading in Nigeria, then you are right to say that forex trading is not regulated in Nigeria yet. But at the same you need to know that forex trading is regulated in other countries/brokers jurisdiction across the world, and this regulation covers traders/investors doing business with the government licensed and regulated brokers and their representatives here in Nigeria.
So the forex regulations from other countries is some kind of Geneva conventions or pronouncements from ICJ in the Hague?

And such regulations will protect the capital of investors in your FX business?

We shouldn't mislead the public all in the bid to grow our business.
Re: Mutual Funds by emmanuelewumi(m): 2:25pm On Dec 21, 2019
Alexgeneration:
So the forex regulations from other countries is some kind of Geneva conventions or pronouncements from ICJ in the Hague?

And such regulations will protect the capital of investors in your FX business?

We shouldn't mislead the public all in the bid to grow our business.


Please leave the guy alone. A representative of the scheme that is not registered and regulated by CBN and SEC

3 Likes

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