₦airaland Forum

Batman2412:
I get fixed deposit for FairMoney (29%) wey go mature June. Make i begin worry now or later as them no dey sec register?

Different scope of business. Fairmoney and the likes have MFB licenses which means your fixed deposit is insured by the NDIC to a maximum of 2million naira per customer. Should anything happen to them, you get 2million and nothing more, also your fixed deposit has no business with the SEC

Batman2412:
How many days does it take cowrywise to credit bank account after redemption? I withdrew last night and till now I've not seen my money. United Capital with their bad rate, 15%, credits my bank account within 2 minutes of redemption.

How do I even start complaining to cowrywise if I don't see my money?

I'm guessing your first cowrywise withdrawal. There's a 24hr timer once you place a withdrawal. You get paid after it's finished counting down

Alaska90:
Fund manager name pls

As first shared by Preator

Testing testing

LoriHamo:
I just checked now....I saw the new update but I can still use my individual funds as well..

I topped up 100k yesterday for Afrinvest Equity....if they mistakenly try that rubbish....I am pulling out the 100K.....

On your existing investment? Or new ones too?

LoriHamo:
Exactly....look at their Average for MMF...16.69%

Look at their equity....ARM was highest this morning with close to 12%YTD.... just look at the average they used...

Na them sabi shaaa......by the end of the week if I no understand their new shenanigans I go face front....na my money...my rist

Kalas

What's worse even is, there's no way to see the individual rates of these fund managers. This is one very ridiculous update

I'll miss being able to move funds around in the cowrywise market without having to withdraw into my bank. That feature is so convenient kai

Elui2:
It seems those that has invested before this update still maintains their previous investment in trustbanc

Yes, mine is still there and I can top up also. I think the new update is only applicable to new investments.

Elui2:
Does it mean one cannot invest in trustbanc separately anymore?

Trustbanc only....Apparently not except you invest directly with them. Investment amount is now split between different funds. Who send them message sef

Niiade:
Good this is that they have various methods for withdraw, check the ones that are cheaper in fees and go with it, if its opay open an account get it up to take large amounts, then move it there and then to your regular bank account, that should be N100 in total with what ever fees they charge to move the money to Opay. Alot of them are limited this show options and willing to give you access to those options.

Strange thing is the charges don't change irrespective of the channel. All funding options have the same charges., don't know if it varies with amount but 100k had charges of about 1200. Nest is to stick with the option provided by EquityM

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

That's the norm for non-mmf investment, reason why your Trustbanc or any other MMF subscription will reflect immediately. It will be processed within 2 days give or take and I believe you should have received an email detailing that. There's nothing to worry about.

Smattrader:
Please, provide me with their link. I have never had to go through this amount of stress since I have pouring my money in for any investment manager platform. Nawao

On the home page, dlmthrivedotcom, even while logged out, you'll see the chat function. Their response is instant

EquityM:
Just ignore and fund that account, send them the slip, and it will be deposited within an hour.

Alright, thank you

EquityM:
Send manually, bro. Send the receipt to the UBA account.

Oh ok, so I can just ignore the pay stack options in my account. Those are the options there in the image. I tried to do a test 100k deposit and the charge was1kplus .

Smattrader:
You emailed them?

I used the chat function on their website. They responded via email immediately

Smattrader:
How long does it usually take for them to activate or approve your transfer/account coz, I did some transfer to the account provided according to your instructions but I have not heard from them after mailing them for confirmation and screen shot of the transfer.

Regards.

They have solved my account creation issues, their charges are quite high to fund accounts

Smattrader:
Well , the problem I am having presently now is that I am unable to login and when I request for a password or new one , no message show up in my inbox. I think cease from investing with them for now. This isn't a good sign especially for liquidation future. I fear for my money.

I'm with you on this, when you meet these fund managers that stress you, it's then one appreciates those that provide seamless platforms

Smattrader:
You can say that again, I experienced the error issue but I just successfully completed my registration though.

In my own case, it was the last form, the bank detail forms where I was asked to provide my bank name I e, I applied ' First bank ' it was showing error until I adjusted it to ' FirstBank ' .

I hope this helps. 👉

Thank you, I eventually did complete the registration, unfortunately there's no end to the errors. This is while trying to subscribe to the Fixed income fund

EquityM:
CardinalStone's platform is more user-friendly. Nevertheless, I don't see red in DLM, but both have high daily returns if the market is bullish. By July, I will know which one performs better when they both pay dividends.

Thank you, DLM onboarding really isn't user friendly. I keep getting errors

EquityM:
Keep the equity and ARM. Use the other funds to buy the land by splitting the funds. You can now develop the house using your own income while waiting for ARM and the equity fund to bring huge gains. Try and buy the land immediately, and start building gradually from the gains and other channels you have. Don't neglect your portfolio totally because you still need money for other things even though you have a house. Lastly, buy the land, fence it, get all the right papers, and then plan on how to build it.

DLM fixed income vs Cardinal Alpha if you had to pick one?

rukyboy:
Exactly what I'm thinking.

These fintechs springing up giving good rates to steal customers from stanbic ibtc.

Don't invest more than 5m. I guess that's the maximum you'll receive if they go under

We really need to know how things work especially on this side of the divide. What you just referred to is the maximum cap applicable and payable to customers of licensed MDBs by the NDIC if for whatever reason they go under. NDIC has no business with asset managers so I'm not sure where the said sum would come from.

EquityM:
If you are a risky investor (500K), I'll put 400k in equity and 100k in DLM fixed income. In two years' time, your 400k will be 800k for sure, no doubt about that. So if you want growth, more equity, fixed income for dividends, and steady growth, you can also try MMF like TrustBanc, which has a steady rate, and this will give you good returns and compounding. I have 500k in TrustBanc and DLM fixed income. DLM has been delivering better than the MMF for daily interest accrued; however, it's too early to judge. Based on my experience, start with a million if you can.

This DLM, is the mode of operation same as Cardinal in terms of the NAV thing

Beeron:
if I were to rebalance your portfolio, I would exit UCap equity fund for a very active one like Afrivest equity fund, exit UCap women whatever and either send the money to Trustbanc or Afrivest.

Same thing applies to Cardinalstone fixed income alpha only if you have less than 2 million there, it's a waste of time if you don't have huge money there when it should be compounding at 19% in Trustbanc.

The illusion here is MMF can also serve as Fixed income fund but we fail to see it.

Thank you for this, I appreciate you and EquityM for this thread, and everyone that's been contributing knowledge here and I especially do not take it for granted.
I'll check out Afrivest, my main isssue with not putting substantial funds in Cardinal Alpha is that I do not just understand the idea behind the reduction in capital for the small amount I've put to test, or maybe I'm looking at it from the lens of MMF

EquityM:
It worth it if you are patient. CardinalStone fixed income fund is good for steady income and dividend payout. You might notice that your money is dropping; it's just the NAV that is fluctuating. Some fund managers use "NAV," and some don't. Basically, most funds require a substantial amount of money to meet certain targets.

Hey thanks senior man for the response. To be honest na you make me go Cardinal, although I've had an account for a while but never invested. I'm still trying to get the whole thing majorly the reduction in capital. The bulk of my funds is in Trustbanc in cowrywise bloom but I'm looking at trying other decent risk and moderate long term growth products hence my foray into UCAP and Cardinal

Beeron:
no wahala

So basically all this fixed income and it's different variations are not worth it?

I'm currently in MMF with Trustbanc, recently started UCAP'S equity fund and wealth for women fund , all via cowrywise

Also what's your take on Cardinal's Alpha fund. Just started that too but don't get it yet

jiggar:
Say you want to be charging the phone and using the 3.5mm jack at the same time, doing both won't be possible.

That's a terrible way to use a mobile phone

Batman2412:
I've been seeing trustbanc rate on cowreywise but I'm scared about something I read sometime ago wrt trustbanc closing account that doesn't have some certain kind of millions (I've forgotten the amount). Is it applicable to their mmf? Must I invest several millions at once with trustbanc mmf via cowrywise?

I'm pretty sure that's Standard Chartered Bank not Trustbanc, besides the scope of operations differ