₦airaland Forum

Boladogailese:
My gender will do anything just to get attention from men

most of these ladies do this because of their on fellow women

Rexie59:
This thing no get one answer o. Relocating abroad is not beans, but investing in Nigeria also comes with plenty wahala. It all depends on what you really want out of life.

If you decide to stay, ₦30m is enough to start building long-term wealth if you play it wisely. Not everything has to be business, you can split it. Some in safe instruments like T-bills or dollar savings, and some into assets that appreciate like real estate. These days you don’t even need to start buying full plots outright; platforms like Keble allow you to co-own properties and earn steady income from it. That way, your money is tied to something tangible and not just sitting in the bank losing value.

If you choose Japa, just know the money will finish fast, and you’ll be starting from scratch doing odd jobs till you find your footing (if you do). Nothing wrong with that, but you need to be sure that’s the life you want.

kebble

Oyetunde49:
Please how do I make redemption of more than 5m from stanbic MMF?

contact their customer service, u will be given a form to fill and write any amount u want to withdraw.

sky404:
please House,
I completed a redemption form to withdraw all my money in Stanbic IBTC mmf yesterday morning,
& my redemption form was received & acknowledged by them,
& they said I should Go & wait for three to five working days to receive the money in my Account.

But I just logged into my Stanbic IBTC mmf Account this morning & saw that interest has been added again on my yesterday's balance,
as if I didn't even fill a redemption form to withdraw all my money,

pls should I worry about this??
is it that they've NOT started processing my request??
cos my balance keeps adding daily interest as if I didn't even make any request to redeem all the money in there.

somebody should help explain this to me.
who has successfully withdrawn all his money in Stanbic IBTC mmf before?

So as you are waiting for 3 to 5 days. Is your profit supposed to be stopped?? Your profit stopped accumulating the moment the money gets in your account.

Creditalerts:
I should be proud to introduce an investment with capital preservation to my business associates not the other way round,any investment u are not confident of is a failure✌🏾

bro . I have been seeing your comments everywhere. I can beat my chest that you have more than 100M in mmf . So the 15 to 21% you are getting per annual is ok for you . And you don't want to risk further. But some of us get mind . Equity fit give you 100 percent profit per year . Use the profit continue to make more . Inside there . When I was starting , I was scared to risk my money on mmf as low as the risk was . Gradually , I learnt and upgraded to Equities .
I know you are scared of upgrading to Equities and so are many people out there with their money sitting in their bank account also scared to risk MMF that you have fully understand. Na so the life be . Allow everyone do their investments in peace.

Please who else knows more about the Stanbic ETF 30 , they have done more than 500% in just 3 months. That's huge and no one is talking about it.

Hello house . Some of us here missed buying the trust banc CP on stanbic app . Now a new CP Neveah on Stanbic Ibtc is available. My question is . Is Neveah CP on Stanbic worth buying . Is Neveah secure? Can we go ahead and buy the Neveah cp on Stanbic Ibtc?

Mixology:
Good morning guys, please I need a solid mmf that is at least 17 percent, good user interface, being able to see daily income, quick deposit and withdrawal, as well as ability to print the statement of account instantly by oneself.
Many thanks

If you have GT banking app , it's easy and smooth 17.5 percent. Or use cowrywise for trust banc mmf for 19.9 percent .

Creditalerts:
I repeat pls no follow me o,equity is risky stick with MMF the risk in equity if it comes to play can cause high blood pressure 😁

but equity has always given more than 50 percent profit p.a. It's just the up and down of the market that scares people. But 50 percent profit is sure at the end of the year. Except this election coming next year will affect the stock market negatively

ugwumichael:
Please I have 3 questions

1. While opening the trust banc money market fund this morning, I saw where they wrote a fee of 1.4%, and then in the Stanbic ibtc commercial paper with trust banc I saw this feeling (shown in the screenshot attached highlighted with yellow arrow. What's the difference between the 2 fees.

2. Also what is the interest on the trustbanc money market fund this morning.

3. Which is better between the commercial paper with Stanbic Ibtc and the trust banc money market fund.
Thank you

CP is better . Trust banc mmf rate is 19.9 and CP is like 23%. If you put 500k in their mmf you get 599k and if you put 500k in CP you get 617k . The fee you highlighted is just a small portion stanbic charges for helping Trust banc sell their CP

ugwumichael:
Good morning everyone

Please I want to know is this the correct trust bank asset management app?

yes . That's the app

Calinson2000:
Is it not better to invest in Trustbanc MMF than the CP since it has a better interest rate, however I know this rate can fluctuate. Is there any other benefit?

trustbanc mmf rate might be 19.9 but their CP is 19 but compounded. You might get up to 23% at the end of the year on CP.

emmasoft:
To redeem more than 5m, use their redemption form. You can download from their website or ask the customer care to send. Complete and send back to them. With the form you can withdraw any amount.

Thank you Senior man . Can they transfer all the funds in my mmf to commercial paper? I want to buy the trustbanc CP. Or it must first be deposited into my account.

freeman67:
Yes ooo. They are advising it. The minimum from the issuer is N5,000,000 it's them that want to collate retail investors funds to invest on their behalf.

For someone that has the N5,000,000 complete, it's better to invest it directly with via the direct agents or arrangers for the issuer. All bills and charges on commercial papers bar WHT is taken borne by the issuer. However, some sub agents sometimes look for avenue to reap you off. Like bluenest for example that will charge you N53,000 as management fee for the 5M.

Thanks for the clarification. I wanted to redeem from my stanbic . They don't allow you redeem more than 5M per day. Is there any way to redeem more than 5M from stanbic mutual fund ?

EquityM:
To be honest, it is better to wait till December and enter; the market is unpredictable for now. Nevertheless, you can invest a little amount to navigate the market.

Thank you for your response. Arm has given me 26% percent already from January to this day. I wanted to invest more . But I will just invest more on mmf for now . I will wait till December to invest on equity

Hello House,

Please enlighten us. Since most of these equities usually return around 30% to 51%, I noticed that GT Equity did about 57% last year, while ARM did about 55%. Most of them have already done more than 25% this year alone, which means only about 25% to 35% may be left for the rest of the year.

So it seems likely that more red days could still come.

My question is: since most of these equities have already done almost 50% in just about three months, is it still advisable to invest in equities now, or would it be better to relax with MMF until next year and then invest in equities starting January 1?

Odunharry:
Yes Boss I know this.
I am surprised hearing some banks don't charge WHT on tbills

which banks don’t charge WHT . Gtbank took 10percent from my profit as WHT . .

Samsmog1:
Guys
Pls I want to confirm if TEMU posting scheme is a scam. Someone should please help

I received a message that just reposting their items would generate me money but on the long run, I was asked to deposit money to earn. Later, I was asked to deposit money to get the money I’ve deposited with its profit back but the money I was asked is beyond my capacity

Pls can anyone that knows about them conform to me if it’s real or scam. I will appreciate

Big scam . Run for your dear life before you will pay 1m for audio rewards.

laurelbae:
Help me o

I made series of redemptions, not intentional though
30,20,20,30
Total 100k

Only 80k was received, I sent a mail to stanbic mutual funds.

Please which other steps should I take?

just be patient, your 20k will come in .

emmasoft:
Seek knowledgeable and you will understand how beneficial investment in stocks can be, but don't venture into it if your risk tolerance is low and if you don't understand how it works.

Boss abeg give me some penny stocks you think I should buy that will go higher in 1-2 years . I have cutix and Champions already . Thanks in advance

petomas:
Thank you very much for putting me through. I signed up on Saturday, subscribed only 5,000 naira to the Money Market Funds but the challenges I have are; I was not given an e-account as at then and I was also not aware I was to add t on the description of the transaction so when making payment through manual bank transfer, I used Stanbic IBTC Money Market Funds plus my name at the description part. And after some seconds, I got an email confirming my made subscription but would be notified once it's confirmed.
Under my investment activities, it shows that the transaction was completed but I don't know why it's not reflecting.
I understand that Saturday wasn't a working day but is it normal for the delay up till this time despite the fact that i've filed a complain to their email yet, no response?
I want to be sure of the next thing to do as the little amount was to use in testing it to know how it works before I'll think of investing more.
Pls experts here should tell me what's obtainable. Thank you all.

Since you didn’t use the reference attached to your Stanbic mutual funds account, your money won’t be credited . All you can do is report to your bank to help you do a refund or call stanbic and tell them the situation , they will help .
To make it much easier for you , login with their bluenest , you will have a dedicated stanbic account number to your name only . You can top up or withdraw straight to any of your bank account within minutes.

SamuraiXXX:
So you would rather prefer to spend 30 millions to travel just to go and be working in a care home cleaning the nyash of old white people?!

That’s why I’m seeking others advice and suggestions.

I will be working in a care home when I get to the UK .

Imagine if na one old man or woman climb am now . Nigerians for don tag am wizard or witch .

0ubenji:
I mean is this a mutual fund in cowrywise or what precisely?

That’s the cowrywise shares . But they also have different mutual funds from stanbic to arm and more . I have been using them for a year but my mind nor too rest because they are fintech companies. Anything can happen anytime and they will fold up . I advise putting only 20 percent of your money in it so you won’t be affected too much when they fold up

Hello everyone, if you have the opportunity to choose between using 30 Million naira to relocate to UK or to stay back in Nigeria and invest the 30 Million Naira . Which would be your preferred option?

justwise:
Spouse visa does not cost that much...so that brings me to the next question..is this a sham marriage?(arranged marriage)

yes . It’s arranged marriage. …….. yes . It’s arranged marriage. …….. yes . It’s arranged marriage. ……..

Hello everyone, I am about processing my uk visa , I’m not using student visa . I’m going to use spouse visa. But processing the visa is £19500 equivalent 40M . Should I go ahead and process the visa and travel to UK and look for care job there or I should invest the 40M in Nigeria and stay in Nigeria ?

You all are sleeping on Champion Breweries … You don’t know what you are missing out .

Has anyone ever been through the stress of fairmoney?

Cowrywise is 22 percentage while Stanbic is 21 percentage. Should I invest in Cowrywise or stanbic.
Is Cowrywise a good investment . Are they secure?