EquityM: I just watched the Zrosk equity presentation on YouTube. The fund is designated as a specialized fund rather than a mutual fund, so they have a special quota and may accept or reject any application. I'll stick with them because the video altered my perspective. Here is the link to the fund presentation on YouTube.
wow! I don't think the content creators whose reels I come across are part of this thread. Because what is happening here is a total discovery.
I like it here. Thank you guys so much. Please keep up with the discussions. You have no idea what they're doing to people like me. I'm a newbie in the stock market, currently with equity mutual funds as I lack the knowledge needed to swim solo and I must say I'm learning A LOT and very fast too.
Gratefulme: Zedcrest sure knows what they're doing. Can see how they are at 38.75% ytd already. I invested #1m on Feb 18. My equity was credited to my portfolio within 30mins. NAV dropped it to 988k. As at Feb 19, I'm back at #1,009,413.
Was thinking of investing in zenith ESG before, might just invest more with zedcrest instead.
Uberchic1: Zedcrest equity fund is doing really well so far. It's at 38.75% ytd as at Feb 18. Redemption was immediate when I tried it with 2k. Also, withdrawal into bank acct is same day last I tried.
Don't remember much of the on-boarding but I remember it was smooth. Address verification should take a few days max.
Nice..
This should be the best of all fund managers at the moment... No?
EquityM: Before investing in any equity fund, check their yearly performance; 60YTD should be your target. However, be patient, as it is too early to call a shot for now.
Nope, my yearly target is 50%. They did that comfortably last year and were even ahead of CS.
Any other addition is a welcome bonus.
Reason I've not left Afrinvest despite trailing behind the Zeniths of the moment.
I just wonder because when I expect the fund to do really well after keeping an eye on the day's trade, it doesn't. But when I'm not expectant, I get a shocker.
I'm really curious as regards the stocks Afrinvest are with. Been trying to track them but have met a dead end thus far. It isn't publish as did CS and the likes.
The ASI is currently up 0.43%..... however they're up 2.54% today.
EquityM: If you have any huge fund in MMF, kindly port your money to equity or stock. You can cash out after making a huge gain and port back to MMF or whatever.
I don't think this is feasible. Minimum holding period for equity is usually 90 days for most fund managers, others 180days.
chigozie69: Hello house, I want to register on cardinalstone? Do they use apps or website for the registration? Can someone pls screenshot the app or send the link if it's a website? Thanks
Beeron: I'm so sorry to break the news to you after going through these screenshots you posted.
They truly don't have the volume.
Check the volume.
You can go in, make all the whole millions and billions but when you ready to exit the market, if no one buys from you. You will sell at a discounted price or you won't exit the market.
No wonder, ETFs doesn't get talked about and doesn't excite Nigerians.
Very true. ETFs werent as popular as they are now 2 years ago. Comparable volumes attest to this. It has begun drawing attention. Every market had their starting point.
I'll throw in 100k spare coins into different ETFs and see how it goes.... Will report by December.
Beeron: I will suggest you track their YTD percent for last year and compare with all Equity Mutual funds EquityM has been suggesting.
If it beat them, then you can take a shot at it but if those other Equity mutual funds performance beat it, you are off investing in the Equity mutual fund instead.
They're doing crazy numbers. Reason I decided to ask you.
Beeron: I have personally not invested in it but I learnt that it's easy to get into but not easy to exit.
I hate it when I provide answers like this because I don't have first hand experience.
I think Its because of the low volume but Looks like people are getting more involved as the volume this year seems to be increasing in numbers not previously recorded.
EquityM: You nailed it, chief; it's equity in disguise with less risk and almost the same returns. Since the USD is devaluing, I read that most white folks are moving their funds from equity to bonds. Most fund managers do not want us to invest in a fixed income fund, as they themselves are profiting from it and making us believe that MMF is the answer. I'm currently in the Zenith income fund; there's no red day, and the return is slightly lower than MMF. Something is fishy, and I seem not to understand these fund managers. One bond sees red and pays highly, one pays more without red, and one pays less.
How can you say fixed income is equity in disguise with almost same returns as equity when their annualised yeild have never even crossed 20%?
That statement should be to mmf and not equity IMO
LoriHamo: Even the payments I made to Cardinalstone since early this morning has not reflected....same as my funding into Afrinvest equity via cowrywise
Cardinal sent an email acknowledging the receipt of the funds but it's not reflecting...
I checked cowrywise who by the way acknowledged the funds....but it's telling me pending which I check my portfolios
Only the Trustbanc fund reflected almost immediately...
I don't just understand...I am new here....I have followed from sometime before deciding to register as a user ..
Thank you to all the contributors here....una own no go ever loss......iseeeee
Cowrywise's usually reflect the next day.
Don't worry, you'll be cleared by the start of office hours this morning.