emmanuelewumi:


I will advise him to buy bonds of 3 to 5 years and hold this maturity. Interest rates will affect the prices of bonds. It is very rare for a bond bought in the primary market to lose price.

emmasoft:


In addition to @emmanuelewumi if you think 3 to 5years looks far too long, you can also look at d way of VGIF manage by investment one going by the nature and operations of fund it fits well to your risk appetite. The capital is guaranteed with a 8.5% rate bench marked with SDF rate that is also guaranteed + 35% of the funds net profit which varies base on profit By picking the option to reinvest you will achieve your goal. You can also cash out anytime after the first 6 months or hold as long as you wish. In summary I advice go for Bond long term or VGIF medium with reinvest option.

emmanuelewumi:



You are really marketing Investment one products, which of the branches are you?

I have a stock broking account at your head office, Titi Sunmola is my account officer,

olujaidi:


No, capital isn't. You can have gains and losses if the value of the underlying bonds rises or falls. I'm not sure if their bond fund pays interest or adds the interest to your NAV. Please find out.
I can't say which is better. If you can't stand a loss, maybe an MMF would be better. The low rates won't be here forever.

Perhaps Mr emmanuelewumi and emmasoft can proffer advice on this.

zohan101:
Hello everyone..Has FBN quest subscribers notice that Interest for the past 2days has not been paid??

zohan101:
Hello everyone..Has FBN quest subscribers notice that Interest for the past 2days has not been paid??

faoogoke:

I have stopped bothering as to if they have credited my accrued interest for the day.
Don't give yourself unnecessary headache either.
They seem to add the days together on other days.

Franky826:
After 2 days 21-01-2020 and 22-02-2020. Fbn decided to only pay for 1 day? I'm not understanding. Anyone noticed this?

faoogoke:


Thank you. The reason I invested in the Bond fund was that its advertised interest rate of around 10.3% is higher than their MMF of 7.2%. So I decided to go for bond fund.
The reason why I am a bit surprised at your submission because they advertised an interest rate of over 10% which would imply increase in my funds not decrease.
The finally got back on my email and WhatsApp inquiry that they were sorry about the inconvenience and would get back to me as to what happened to my account.
I am still awaiting.

emmanuelewumi:



You are really marketing Investment one products, which of the branches are you?

I have a stock broking account at your head office, Titi Sunmola is my account officer,

faoogoke:
I don't understand what's up with United Capital PLC.
I placed N1,000,000 in their bond fund just over a week ago.
Each time I check not one kobo accrued as interest.
Only for me to check this afternoon and almost N10,000 has been wiped from my account balance.
I thought my capital should be preserved in a bond fund.
I sent WhatsApp message to customer care. They read but are yet to respond.
I have been calling Customer care but no one is picking my call.
I also sent email, and I am still awaiting response.
Can't one do business with these people and hold them to their word?

faoogoke:


Thank you. The reason I invested in the Bond fund was that its advertised interest rate of around 10.3% is higher than their MMF of 7.2%. So I decided to go for bond fund.
The reason why I am a bit surprised at your submission because they advertised an interest rate of over 10% which would imply increase in my funds not decrease.
The finally got back on my email and WhatsApp inquiry that they were sorry about the inconvenience and would get back to me as to what happened to my account.
I am still awaiting.

benedictuyi:
Jumia is now into mutual funds. I hope they provide good rates

benedictuyi:
Jumia is now into mutual funds. I hope they provide good rates

titilope07:
they don't, it's AXA money market fund.

civilserva:
I use FBNquest, ARM and IBTC.
ARM and StanbicIBTC are the best in terms of customer service , account top up and redemption. ARM is the best in terms of yield.
I will close FBNQUEST account this month.

bettylizzy:
Please. What's the interest rate for ARM?

singletech:
Whats the current rate of arm?

singletech:

Whats the current rate of arm?

odontoid1:


You can always check the current interest rate of ARM via this link:

https://www.arminvestmentcenter.com/MutualFunds/Details/1003

singletech:

OK thanks, arm is backup by which bank?

codeME:
hello great people,
i want to be investing a percentage of my income every month on something, which is the best way to go on all these discussions. i will really appreciate good advice. thanks.

codeME:
hello great people,
i want to be investing a percentage of my income every month on something, which is the best way to go on all these discussions. i will really appreciate good advice. thanks.