Lazyyouth4u:
Ponzi advert.

If you know, you know

What do you people think about this "data" from McKinsey? Particularly the part about the top 20 cities by purchasing power?

Very cogent opinion. Foreign equities are still the best if you can afford it, their management fees hardly exceed 2-3% pa, though no market is 100% free from internal manipulations, foreign equities are still more transparent and reliable on a long term basis.

So much noise about NSE, I am yet to hear from Bloomberg and other international financial heavyweights giving NSE the accolades they are craving for. Though NSE has improved, they still have a lot of work to do internally.... SEC and CBN cannot always see or handle everything for clean up.

At last, our (dishonest) way of doing things in Nigeria will determine the future of most companies and their shares.

Apart from those big household companies in Nigeria, I hope we will still be hearing the names of these new emerging companies in 10 to 30yrs time from now..

Lazyyouth4u:
For busy risk averse people that would rather focus on their jobs and real life hustle, the money market/fixed income market is just more straightforward and can be done by anyone. Simply put your money in Tbills, bonds, etc and continue your hustle.

Unfortunately, the rates don crash so risk averse people must enter equities market to get better returns. But these returns come at the expense of one’s time and high stress levels. The manipulations at some companies and those by the speculators and big boys is enough to give man pikin heart attack. Is it worth it?

Personally, for equities (my preference is foreign equities sha), I think investing indirectly through solid mutual funds and letting the fund managers deal with all the wahala of diversification, monitoring and rebalancing is more efficient for busy folks. I will gladly pay the management fees and avoid dealing with all the wahala.

My opinion...

Lazyyouth4u:
Ponzi advert.

VGIF now has a new rate of 4.5% p.a

ojesymsym:
VGIF now has a new rate of 4.5% p.a

saw the mail this morning... Way too low I must say

All our fixed options are reducing. Is there a USD mutual fund package for someone to be doing like $100 savings a month. Stanbic has but I think you have to do at $1k per transaction.
@emasoft, can you throw more light on your VANTAGE DOLLAR FUND?

omotola90:
saw the mail this morning... Way too low I must say

@ Oga Emmanuelewumi and any other person with information, I seek a kind of clarification from you sir.

Please how reliable is United Capital? I've been operating their Fixed Income Fund and Equity fund for some months now and the service delivery has been quite commendable and very satisfactory.

However, a particular fund transfer I made (500k) has been acknowledged as received by UCAP through an automated message, but yet to reflect in my account after 1 week. I sent a mail to their Customer Care and it is currently being investigated.

Please I need to know have you had such experience with them before? Was the issue promptly resolved? What would you advise me to do?

Thank you for your time.

Is this your first time doing such a transfer?

4tunebest:
@ Oga Emmanuelewumi and any other person with information, I seek a kind of clarification from you sir.

Please how reliable is United Capital? I've been operating their Fixed Income Fund and Equity fund for some months now and the service delivery has been quite commendable and very satisfactory.

However, a particular fund transfer I made (500k) has been acknowledged as received by UCAP through an automated message, but yet to reflect in my account after 1 week. I sent a mail to their Customer Care and it is currently being investigated.

Please I need to know have you had such experience with them before? Was the issue promptly resolved? What would you advise me to do?

Thank you for your time.

4tunebest:
@ Oga Emmanuelewumi and any other person with information, I seek a kind of clarification from you sir.

Please how reliable is United Capital? I've been operating their Fixed Income Fund and Equity fund for some months now and the service delivery has been quite commendable and very satisfactory.

However, a particular fund transfer I made (500k) has been acknowledged as received by UCAP through an automated message, but yet to reflect in my account after 1 week. I sent a mail to their Customer Care and it is currently being investigated.

Please I need to know have you had such experience with them before? Was the issue promptly resolved? What would you advise me to do?

Thank you for your time.

Ask them to mail your updated statement of account to you.

I have been using United Capital for the past 15 years

ojesymsym:
VGIF now has a new rate of 4.5% p.a

This was expected. I’m surprised some people believed they could guarantee 7.5% in a low yield environment.

4tunebest:
@ Oga Emmanuelewumi and any other person with information, I seek a kind of clarification from you sir.

Please how reliable is United Capital? I've been operating their Fixed Income Fund and Equity fund for some months now and the service delivery has been quite commendable and very satisfactory.

However, a particular fund transfer I made (500k) has been acknowledged as received by UCAP through an automated message, but yet to reflect in my account after 1 week. I sent a mail to their Customer Care and it is currently being investigated.

Please I need to know have you had such experience with them before? Was the issue promptly resolved? What would you advise me to do?

Thank you for your time.

Always better to have an account officer that you can speak directly with. Customer care reps wey don zone out for Christmas. Your email is the last thing on that person’s mind.

ojesymsym:
All our fixed options are reducing. Is there a USD mutual fund package for someone to be doing like $100 savings a month. Stanbic has but I think you have to do at $1k per transaction.
@emasoft, can you throw more light on your VANTAGE DOLLAR FUND?

Afrinvest had. It was minimum 1k first and 100 subsequently. Don’t know if it is still running sha and I don’t know how it has performed...

ojesymsym:
Is this your first time doing such a transfer?

No.

emmanuelewumi:



Ask them to mail your updated statement of account to you.

I have been using United Capital for the past 15 years

Thank you

emmanuelewumi:



Ask them to mail your updated statement of account to you.

I have been using United Capital for the past 15 years

my Oga pls I need u to shed more light on this as Stanbic MMF interest is now as low as 0.3%pa. Pls how much is united capital MMF interest rate currently nd are they100% reliable?

Lazyyouth4u:


Always better to have an account officer that you can speak directly with. Customer care reps wey don zone out for Christmas. Your email is the last thing on that person’s mind.

Not quite true.

emmanuelewumi:



Ask them to mail your updated statement of account to you.

I have been using United Capital for the past 15 years

@4tunebest above is a very good testimony. I am using them too and their services are ok.

However, one thing I discovered with Nigeria financial service providers and asset managers is that a lot of transactions done by December ending especially in Christmas week and first week of January are likely to get delayed and may need some follow up before it is where you want it. Because of that I am still keeping some some funds I would deposited to them. End of the year activities of balancing accounts and others will distract them.

If it is not done yet. You can use their whatapps number for a direct complaint. 0 8 1 six 8 2 8 two 3 9 6

ojesymsym:
All our fixed options are reducing. Is there a USD mutual fund package for someone to be doing like $100 savings a month. Stanbic has but I think you have to do at $1k per transaction.
@emasoft, can you throw more light on your VANTAGE DOLLAR FUND?

Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500.

VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required.

I pray I don't get banned for this response

omotola90:
saw the mail this morning... Way too low I must say

It is low but not as low as Money Market Fund. MMF now commands below 2% across the board and it seems it will continue to go south, except there is a significant increase in Treasury bills rates in the coming year.

Yea. Anyone who listen to Ema here would know that it is tied to SDF and reviewed 2wice a year so naturally I expected it to go lower.

I wish there was any international form of mutual funds, based for example in Switzerland and not tied to CBN and Nigerian politics, na dat one for pure pass.

Lazyyouth4u:


This was expected. I’m surprised some people believed they could guarantee 7.5% in a low yield environment.

seyisanya:
Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500.

VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required.

I pray I don't get banned for this response

Stanbic has been reviewed back to previous metrics: 1,000USD initial and then subsequent deposits of around 500USD. An email was sent to their subscribers concerning this.

Anyone with contrary info can counter.

Thanks for this. I will look at investnow then. Do you use them for their dollar investment also?
As for your Stanbic minimum entry, I think they tried that but I doubt if they followed through with it.

seyisanya:
Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500.

VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required.

I pray I don't get banned for this response

LOL... Looks like we typed at the same time, yes I do not think Stanbic followed through with it. Their interest rate is however confusing to me, the money seems almost static.

EarlyCareer:


Stanbic has been reviewed back to previous metrics: 1,000USD initial and then subsequent deposits of around 500USD. An email was sent to their subscribers concerning this.

Anyone with contrary info can counter.

EarlyCareer:


Stanbic has been reviewed back to previous metrics: 1,000USD initial and then subsequent deposits of around 500USD. An email was sent to their subscribers concerning this.

Anyone with contrary info can counter.

Well, I just opened an account with them this December(It is exactly as I stated above just 3 weeks ago)! If this has changed, then it is a fantastic development. When was this email sent?

ojesymsym:
Thanks for this. I will look at investnow then. Do you use them for their dollar investment also?
As for your Stanbic minimum entry, I think they tried that but I doubt if they followed through with it.

I only use them for dollar-denominated mutual fund. Same as Stanbic.

Akerewe:
my Oga pls I need u to shed more light on this as Stanbic MMF interest is now as low as 0.3%pa. Pls how much is united capital MMF interest rate currently nd are they100% reliable?

I have a stockbroking account with them, my money market funds are with FBN asset management, FSDH Asset Management and Investment One

seyisanya:
Well, I just opened an account with them this December(It is exactly as I stated above just 3 weeks ago)! If this has changed, then it is a fantastic development. When was this email sent?

I think the week after you opened your account with them.

Akerewe:
my Oga pls I need u to shed more light on this as Stanbic MMF interest is now as low as 0.3%pa. Pls how much is united capital MMF interest rate currently nd are they100% reliable?

Yes, they're 100% reliable. Their MMF rate, as stated on my portal today, is 1.99%. Kindly note that my MMF account is with FBNQuest. I just stated what is currently displayed on my investnow portal dashboard.

EarlyCareer:


I think the week after you opened your account with them.

Awesome!

EarlyCareer:


Stanbic has been reviewed back to previous metrics: 1,000USD initial and then subsequent deposits of around 500USD. An email was sent to their subscribers concerning this.

Anyone with contrary info can counter.

You are correct.

seyisanya:
Stanbic has a minimum of $20,000 entry deposit and the same amount per top-up! United Capital has a minimum entry amount of $1,000 then subsequent top-up in multiples of $500. I think UCAP(investnow) has the best YTD rate(7.5%) in the dollar-denominated mutual fund market at the moment. FBNQuest minimum initial investment is $2,500 and subsequent top-up of $500.

VDF is not so clear to me. Oga Emmasoft to the rescue. I think you need an initial deposit of $25,000 but not sure of the subsequent top-up amount required.

I pray I don't get banned for this response

Is this Naira equivalent or raw dollars?.