₦airaland Forum

LoriHamo:
I will definitely dump Stanbic by next week....

Tueh

Why? Wetin happen?

Batman2412:
Trustbanc is making sense

Trustbanc just giving person joy shaa.

I've received quite a few request on equities(stock) investments from folks here. Apologies i cant chat with everyone. My advise will be for y'all to check Beeron's post especially the ones with videos.

Quick nuggets
1. Equity is a share in a particular company. You are becoming one of the owners.
2. When the company makes money, you do too. If they make loss, you lose funds too
3. Your loss is limited to the amount you invested.
4. There are two ways of making money with equities: capital appreciation and dividends.
5. You earn dividends from shares usually when the company makes profits. This is shared based on your number of shares. Sometimes paid monthly, quarterly, biannually, annually, or never.
6. Capital appreciation means the value of the company grows. If you buy and equity at 6 naira( e.g NCR) and it grows to 199 naira, you have made a profit of 193/share. Alternatively, you could buy at $26/ share and it falls to $12 {Gladstone corp. Lost money to that stock sha)
7. There are no guaranteed gains in equity investments. It is very risky. You can have a portfolio move from 5% gain today to a 10% loss tomorrow and swing back a day after.
8. You cant time when to buy stocks. Very difficult ( read efficient market hypothesis. My Uni project was on capital market then sha)
9. If you want to go into equities, buy different stocks from different industries and focus on those that pay dividends. Even when there is a loss in value, you will be chopping the dividends until they recover.
10. If you cant forget the money there for at least 5years, forgte about equities
11. Lastly, equities rarely lose out in the long term. Short term losses are possible but with a well structured portfolio, equity wins in the long run

Meka!!

Creditalerts:
Stanbic 15.37%


Trustbanc 19.44%


Today's MMF rate




🤑🤑🤑🤑🏃🏃🏃

Stop eeeett 🤑🤑

Batman2412:
We don gather enough data. Prime pro no make sense. When i do liquidation, i go update una how e go....whether e smooth or rough

Thats my issue with Nigerians. You dont like research. You need to be moving more fund in and document how long each take to show. You need like 50 datapoints for deposits and another 50 for withdrawals. Makes a nice econometric data for analysis.

Me and Creditalerts will keep record of cowrywise. We can then do pairwise correlation 😊😊

Beeron:
so If I invite you to trade crypto with your MMF money, you fit slice my head commot with Cutlass 🤣🤣🤣🤣

Crypto is for professionals sha. I am still an amateur investor

Creditalerts:
Na cowrywise trustbanc dey give me joy how I wish the thing go continue forever 😫🤣

Amen amen. May this continue for a long long time o. Harsh reality though is that this high rate regime will end one day. It will signal a return to a stronger economy. Untill then, lets make money without tears.

Equity is nice sha esp for those who have age on their side. (If you are less than 45., for those above do voluntary pension).

My strategy is to build an MMF portfolio that matches my monthly salary, then move fully to equities( local and foreign).

Mmf takes care of the short term while Equities and long term notes handle the medium and long term outlook. I use Meritrade and Bamboo.

Creditalerts:
To all those using trustbanc app pro don't panic the problem with Nigerians is trust issues.they are legit I only followed @preator advice I want my money to be in one place (cowrywise) so that I can switch easily to evade tax masters hammer .

See roping. I said that's why i dey do am. I no ask you to follow me o.

Just to clarify. Moving your mmf funds through your bank account doesnt make it taxable no matter how huge it is. Just that you will have to prove to the tax man that it is from an already taxed source. And hope dey do not see something else while review the non taxable ones

I always prefer to avoid explanations 😂 esp with tax people.

Batman2412:
thanks. Help us check if prime pro na cloned app. I no dey enjoy the app. E come dey like say cowrywise dey more transparent as middleman of trustbanc than prime pro. The delay with prime pro when posting transferred funds to mmf and posting interest on the mmf is too much. I'm even contemplating liquidating my mmf in prime pro to fund same trustbanc mmf in cowrywise

Leave the money there so we can use am gather data. All in the interest of research 😊

heavenisreal18:
Pls I opened my Stanbic mmf investment now what I was having there yesterday was 530k ,this morning I saw 420k the I amount I invested was 500k

These are usual end of month shenanigans. Just give it till monday and everything go normalize. Them go still credit you double returns sef b4 adjusting it.

Creditalerts:
she tried to promote palmpay smart earn yesterday I counter her so she is trying so hard to demarket Cowrywise 🤣I am not an agent of any investment but I'm here for factual investment information 😉 the aim is to invest without tears and make more money🤑.

Abeg, in case anyone beat trustbanc, please drop update o

Creditalerts:
To add further trustbanc rate when calculated the transparency by Cowrywise is topnotch

@sharone21 always get your fact right

My brother, this our small investment thing sha. I no too like defending things as i no be agent for any of the MMFs. Most time i only talk so that other innocent would-be investors are not scared off with erroneous info.

The amount of wrong info is something else. Some are innocently issues sha while some are......hmmm

Let everyone do their due diligence and invest accordingly.

ManAdii:
If I may ask further, any reason why you're choosing this?

The returns are healthier mostly. It has equity element so benefits from capital appreciation

Also, your access to the funds are limited so you no go wake up one day and use it anyhow.

My opinion.

NB: i have both Stanbic MMF and Pension

ManAdii:
For those of us in the informal sector. Which is better for retirement fund; MMF or stanbic micro pension?

Micro pension.

Iamblessed88:
It’s only on this thread i’ve seen the argument that AUM and stability have no correlation. Folks don’t realize the advantages of AUM untill the market goes through some sort of stress.

When you liquidate your investments and get paid in an hour sometimes, do you truly believe the underlying holdings were sold off that quick? Fund managers usually keep a cash buffer to meet liquidity without necessarily selling off investments all the time.

The larger the AUM, the larger the buffer but as i said, you wont feel the impact in a smooth sailing market.

Also, forget SEC, the larger the AUM, the greater the scrutiny. Try and apply for an update to your signature or account details with stanbic, you would be lucky if this is done in a week. The reason is not due to sluggishness but because they have alot of hoops to cross (internal control). Now contrast it with a smaller fund manager. I had my account details changed on the app of a fintech FM in seconds and to be honest, i felt abit unsafe.

Yes, market risk (Beta) is thesame but there’s also such a thing as idiosyncratic risk which is unique to each firm.

For those using cowrywise, are they sec accredited? No. Who’s to ensure that they actually deploy your funds to those companies listed on the app since there aren’t any trustees to vouch?

As the spirit leads everyone

Batman2412:
Couple of days? Or might not show? Who even send me sef?

No o. I mean it might take a couple of days or not up to that. It will definitely show

Batman2412:
So I decided to fund trustbanc mmf directly via prime pro some couple of hours ago. Yeah, no charges. But the fund has not reflected on my dashboard. When I funded my trustbanc mmf via cowrywise, the funds reflected on my dashboard within few minutes. I'm beginning to think the extra N250 charges with cowrywise is worth it. I'm allergic to delays

Might take a couple of days to show 😂. Or might not. But it will definitely show up.

Batman2412:
If I decide to do trustbanc mmf directly while I'm already on trustbanc mmf via cowrywise, would there be any issues? That 250 bucks cowrywise collect from me each time I wanna top up trustbanc mmf can get me a bag of pure water

I use Cowrywise for ease of switching. I can easily liquidate on same cowrywise and move to meristem, UCAP etc on same cowrywise same day without it passing through my bank statement. Given the new tax law which mandates banks to report cumulative transactions in excess of 50m(or 25m depending on which version of the law u are using), i will rather avoid prying eyes of the tax man by not allowing the fund movement show on my bank statements. For me, N250 is a small payment for that secrecy.

welzyj2:
You and Preator na bad gang una be

Nonloyalist

I dont know about Creditalerts o, but i am very loyal always...... To the highest returns 😂

geoeast:
I am seeing two trustbanc on playstote.
One is "Prime by trustbanc" with 5k downloads while the second one is "prime pro" with 1k downloads.
Which one is the accurate one for mutual fund?

I use the pro

Babygal2020:
Una dey try aswear.

Only 32M wey I get for Stanbic, I no get mind to move am to Cowrywise.

Also, I'm a lady. We no too get mind.

I dont advise you move until you have that personal belief though, so you dont get sleepless nights. And i do have money in stanbic, FBNQUEST, First Ally and now Trustbanc directly, just that its not the volume in Cowrywise.

Additionally, i have the benefit of working as a Finance person professionally. The professional experience allows me to take some risk without waking up every night sweating.

Non-advice: any SEC regulated MMF manager is as safe as it gets in low risk investment.

Creditalerts:
Please this the best advice @bolded ✌🏾 you will love it

My greedy colleague 😂, I sight u. For this new regime, na maximum return o. I dey session on tax returns now. Investment management na full time job.

amnwa:
Please between arm and trustbanc which is best to invest for a two year period. Say with 10m

Just pick as the spirit leads. Trustbanc will not be highest for ever. Others don dey untop before.

Or u do like us and keep moving around

welzyj2:
Over 100 naira or 100m choose 1 bros

Which one do u think 😂😂

suckprick:
Does this apply to all fintech? Can you say the same for cowrywise? I am thinking of putting 30m there to shop on various mmf offers on their platform especially on trustbanc doing 19%+ but I dey fear 😁. I am currently using Stanbic but the rate is not encouraging at all, I just dey use am based on level of trust. What's your advise?

Cc: beeron

Me i no dey give advise o. But i have well over 100 in Cowrywise. You can infer as you please from the info. 😂

Me i don tire to explain the multilayered approach to security for fund managers. Trustbanc only manages our funds, the funds itself is with UBA Nominees. So na UBA we should be praying doesn't fold. Even if dem fold sef, the money wasnt a deposit, it was used to buy securities, either TB(meaning govt go refund) or placement with other banks. So the money will still come back.

Creditalerts:
This trustbanc juju strong o them stand gidigba for 19ish😁

Hmmm but the rate for Trustbanc on Cowrywise never change o. Still 19.34. we go see sha

Trustbanc on Cowrywise was 19.34 still today. Trustbanc app direct has changed 19.43 yesterday, 19.45 today. Maybe na how Cowrywise dey make their money be dt. Joined Trustbanc last weekend to be able to see if there are differences in rates. Will keep tracking. But frankly, the ability to get several MMF on one platform makes cowrywise worth it.

Jayce242:
I think it depends on individual approach
If your view is long term with small to moderate capital or even big capital, u don't need to jump. But if u are investing in mmf with a business mindset, then u need to jump, it has nothing to do with get rich quick. People use mmf as business, which they use to finance their daily life expenses, those type would like to make the best out of their capital. Since I have been investing in mmf I haven't heard any assets managers licensed by SEC folding up, I really don't see the need to start spreading fear. Those jumping are still doing so with fund managers under SEC umbrella. I also don't know why some of u think transferring money from one source to another simply by tapping few buttons on your phone is stress.

In fact, there is no record of any SEC approved MMF Fund manager either defaulting or running away with people's capital. The confidence to move is engendered in how strong the regulations are and well SEC has done it's oversight functions.

For me, the difference between staying with Stanbic over trustbanc is over 400k a month. I am not ready to leave that kind of value on the table when the cost of moving/ barrier to exit and entry is low

Those guys are funny. The CTC is useless unless they gazette it has promised. A law cant be implemented until it's gazzetted. That's what Taiwo alluded to a while back that the NA has stated they will re-gazzette the correct version.

adenikeO:
Good evening everyone, I am trying to book an appointment on TLS and keep getting the error below; Who else is having the same challenge and how can this be solved?

You already booked an appointment with them before( even if unpaid)? Call them to delete that one and you'll be able to apply.

It will likely not pass this week sef. But even their normal rate is one of the best available

Edit
E don adjust to 16.18 already 😁😁

Iamblessed88:
As early as 11:59pm, stanbic has already reflected interest. That’s why I struggle to understand what interest backlog means with some other fund managers

Check the link on @bassdow signature. It gives stanbic daily rates

Biya007:
NO original documents is needed just make print out of all other documents..

Thanks. Make i go try my luck