₦airaland Forum

2%

EquityM:
It does around 42YTD annually, the stocks are from China, Japan, South Korea, and the Netherlands. I just got an email from the bank offering their mutual funds; I guess they ran a check on my account and saw I do investments back home. Their MMF is 2% annually.

Yes. Let's focus on all matters relating to mutual funds, please. Find a thread that is related with your question and go ask there.

Oh! You think so? It's okay.[/quote]

.

Yes o, I am still with them. I have 200M there.

Babygal2020:
Anyone still having funds with Stanbic? I neva gather morale leave them despite their low rate. I have more than 46M there.

I meant my daily interest earnings not rates.

tpain121:
It does.

Click on investment, you will see the daily interest rate.

I am on the web and cannot find the feature to see my daily interest. Can you point me to where I can look? Thanks bro.

welzyj2:
Nope...you can only see that via web

Yeah, it sucks. I loved that app. The new 3.0 doesn't have the feature to see daily interest. Or does it?

Dondav:
My older Stanbic app.... Which happens to be my favourite Stanbic app isn't working anymore... 🤷🏽‍♂️..

Thank you bro and thanks to everyone else for their input. I read all the comments and also did my research. Peace of mind is as much a factor for me as is interest. I have decided to stick with Stanbic.. I will be topping up monthly.

Iamblessed88:
Well chatgpt had this to say

Thanks for your input bro. I will stay put with stanbic!

Beeron:
To be frank, 2 million plus monthly returns isn't bad at 15.63% percent, at that rate of returns, you earn more than 80% of Nigerians working 9-5 jobs.

I know your fear, which is — what happens if Stanbic rate falls lower, that your 2 million plus returns monthly can't be guaranteed. That's your fear.

First, let me calm you down, by telling you that; Don't get too worked up about MMF rates, rather, see the good in it, which is easing inflation. The less of inflation which CBN is trying to get under control, the more purchasing power your money will have or would you rather rates gets increased every month and your millions and accrued interests becomes worthless like Zimbabwe type inflation — lol — your millions will be worth trillions but can't buy bread.


Secondly, Don't get too worried about falling rates because, MPC knows what they are doing when they converge. I know they also know one undeniable fact which is: They can cut rate but they can NEVER cut rate below basis points that will stop making Nigeria fixed income investment less attractive to foreign investors. (I can bet my last Naira on this fact), If they try that... A lot will go wrong and FX will take the fall, so CBN can't risk that, this is why you should relax your mind.


Thirdly — sorry, running out of time, I will come back to complete this third point. Need to attend to something else now.

Stanbic MMF at 15.63% is not encouraging at all. I currently have 176M naira in it. I am contemplating moving to a different asset manager.

Hello House, I will be travelling to Nairobi in March (Tourist Visa). Virgin passport holder, first time travel. I want to confirm if I would need to be vaccinated for COVID?

I have read some scary side effects of the vaccine, but if I would need it to travel outside the country, then I guess I have no choice.

Any input will be appreciated. Thank you all.