₦airaland Forum

Don't mind him joor, he loves seeing blood.

sammirano:
blood in your saliva and you didn't take it seriously what kind of a human being are you? Blood anywhere is a big red flag. There is something definitely wrong inside of you, get necessary blood work done to confirm or rule out.

You're not serious about your life.... The signs were there but you chose to constantly ignored for months. Why are you panicking now.

Freshtruth:
I am 37yrs old man I work offshore just going for my time off the hotel my company lodge me I just woke up and I was feeling the need to defecate ( shit) as I was defecating I began to urinate I felt sharp pain in my penis after am done I was about to flush I discovered blood stains I taught maybe is a stain in the wbc untll I look at my penis I discovered I just reuniate blood . Omo I put . My 2 hands in my head thinking na so life take end for me . I have not be able to sleep all night. Not married no child now this . Has anyone experience this before? Blood also in my siliva for months now but I didn't take it serious but this one I just saw now fear done grip me like this

The reviews are even the worst I have ever seen.

yok:
The best APP for US stocks is. Vest Investments.
What I like about the APP is that it is so reliable that if I need to get my withdrawal within 3 days without fail, I will go for Vest. Withdrawing from Vest is faster than even withdrawing from your Naira platform in your account with United Capital, by the time you send your withdraw instructions to them, and you get a mail like "we have received your request, you will get our response in 24 hours", Vest has started processing your withdraw and on the 3rd day you get your alet without fail. Vest Investments is **super efficient as a trading platform.**

Are they actually licensed stock broker and regulated?

Bluearrow:
I have not had any reason to contact their customer support so far. But their withdrawal is fast. Their NG stock wing is affiliated to Cardinal stone & u can buy stocks with as low as 500 naira. Unlike cardinal stone u need certain amount before u can buy stocks.

Hows your experience like since you have been using it?
Is there withdrawal fast? And customer relations.

Bluearrow:
Yochaa
That's what I use
No foreign stock, index or ETF u won't find there.

What is the name of the telegram group?

Beeron:
I recently just joined them. I haven't initiated any withdrawal since I joined them but their FX spread is wild. For instance dollar is currently I349 but theirs is currently pegged at 1404. But the FX spread should not deter you if you truly want to invest long term.

As regards customer service, I belong to bamboo telegram community, it's free to join and you can shoot them an email if you encounter issues.

Please what is the FX spread in bamboo like?
Is their withdrawal fast? Cos I have read a lot of negative reviews/complaints concerning those two issues... Plus poor customer relations.

Beeron:
Chief, for foreign stocks in Nigeria. Bamboo has it all.

Bamboo is better than Trove, even many Nigerians based abroad use Bamboo to trade U.S stocks. I know because I help with the analysis in the bamboo telegram community.

Stable ETF.... Either VOO or VTI diversification
Tech ETF..... SMH or QQQM or VGT
Dividend ETF....SCHD
international ETF..... VXUS.

Those are the top and most popular ETFs in the world

If you chose VTI, then you don't need any other ETF in the US to avoid overlapping, cos VTI is US economy in one Basket. Hence is very stable.

Currently TECH ETF is the best having a faster growth and very stable because of high demand for AI. As AI is the future now.

teeboi77:
I am in the UK,which ETFs and stock can you recommend boss

Which broker app is the best for foreign stocks and getting quick withdrawals in local accounts in Nigeria after selling.... Too much bad reviews concerning withdrawals in our local apps trading foreign stocks

Thanks for this information, I have blocked those untrained so call adult Kids.
Everyone should block them so we can have decency here

Bluearrow:
Just block them both, that's what I did
Thanks to nairaland block button
Both of them have chosen to be unreasonable. When a child acts childish, u can control them, but when two adults decide to act childish, they can be difficult to correct.

Please how did you know SFSREIT is not liquid enough for withdrawal

Beeron:
I see SFSREIT being advertised on here, BE VERY CAREFUL to invest in that.

It's isn't about going into the market, Question you should ask yourself is: can you freely exit when you need money?

SFSREIT is not liquid enough.

Be very careful.

Good morning,
Please which stock broker app do you use for foreign market

EquityM:
My foreign portfolio also returned modest red today, as the war is still not finalized yet. I hope things will get better soon. I included a US Treasury bill in my portfolio because it pays interest on a daily basis.

I just tested it now and my top up was credited immediately... Many thanks

Bluearrow:
I haven't withdraw or top up on weekend
But I withdrew last Thursday which was a public holiday & I received my funds immediately.

Can you withdraw on weekends too?
If you top up during weekends, will it credit same day and start reading...

Bluearrow:
Of all the fund managers I have used for mmf so far, only first ally tick every of these requirements. You can even withdraw on holidays. I made withdrawals yesterday & received my funds immediately. I don't think any other fund manager can do that.

As someone quoted up there, stick to what you believe. After all the advices here, do your own due diligence and make your choice. You can only be advised, but the choice is yours. Allow the new generation MMF breathe even if they are currently operating in a one bedroom flat. Access Bank, GTB, etc were once new generation at a time and started operation in a small apartment too.
Abeg allow new generation MMF breathe. All investment has some degree of risks here and there. What will be, will always be.

Iamblessed8888:
My brother, the gas lighting is too much. I go to stanbic head office, and i see that they own almost the entire walter carrington, just like zenith has its hands all over Ajose. I then go to Fund manager B, i see their office is a 2 bedroom flat in a street somewhere in VI. And you tell me the risk of investing with both of them is thesame. And you want me to believe it because you read that in a text book. If the risk of investing with them is same, how about the risk of them liquidating your investment, closing shop and disappearing? Is it also same.

This is exactly how real financial expert talks with facts and verifiable history and I quote. Good job👍

I believe the debate has finally ended because I'm tiring of reading long Jargons from others.

emmasoft:
My Observations

I have taken time to read through different posts, and I’ve noticed that many of us assume certain things and treat them as logical conclusions.
Here are some important facts we should understand, regardless of personal opinions or assumptions.

I have said this many times and will repeat it: the safety of your funds is determined by the underlying assets, not the fund manager. All fund managers go through the same screening process and operate under the same SEC regulations. A Money Market Fund (MMF) is regarded as a low-risk investment not because of the manager’s name, brand, or history, but because the underlying assets are primarily government instruments, particularly T-Bills, and by regulation, fund managers cannot invest outside approved instruments.

In the structure and operation of a Money Market Fund, the parent company of a fund manager is not involved in managing investors’ money. The system strictly revolves around four key parties:
•The Fund Manager
•The Custodian
•The Trustees
•The SEC

Each has a clearly defined and independent role in safeguarding investors’ funds, and they are paid for the services rendered.

I once invested in a fund (not an MMF) where the fund manager encountered issues. Investors were transferred to another SEC-qualified manager. During that period, only fund administration was affected; the investments themselves remained intact. Once the new manager took over, dividend arrears were paid accordingly. That is the worst-case scenario I have personally witnessed.
In another instance (also not an MMF), the fund was sold, and investors’ money was returned.
Let’s not confuse personal perspectives with corporate regulations and the actual structure of the business.

Growing up, I used to believe only First Bank and Union Bank were truly safe because they were the most established and popular at the time. We referred to banks like GTB as “new generation banks” and questioned whether they would survive. Today, we know better.
So let’s not equate customer service quality, technology, brand popularity, or Assets Under Management (AUM) with the nature or safety of the fund itself.

There are many types of mutual funds, each with a different risk profile. Depending on your risk appetite, you can choose what suits you.
Regardless of interest rate or AUM size, all fund managers operate under the same SEC regulations. The SEC audits asset managers consistently, without discrimination based on size or structure. Whether a firm is independent or a subsidiary, it must meet strict regulatory requirements before being licensed.
A parent company has no obligation to customers of an asset management firm. In many cases, the parent company is simply another investor. Using the same resources as allowed by the SEC with a parent company doesn't make them answerable if anything goes wrong with the asset manager.

Additionally, custodians must meet strict regulatory criteria and must have no affiliation with the fund manager. This independence is intentional and serves to safeguard investors’ funds. Moreover, not all banks can serve as a custodian.

Let’s focus on facts, regulatory structure, and the nature of the underlying assets, not assumptions, and not just headline interest rates taken out of context.
If a fund manager offers a higher rate, that does not automatically make the MMF riskier. It may simply reflect how the underlying assets are positioned at a particular time within SEC guidelines. Investors can always review fund fact sheets to understand asset allocation and compliance.

By the way, managers that are considered “low rate” today were once the highest-paying in the industry, and that had nothing to do with whether they are subsidiaries of banks.

If you are uncomfortable with fund managers offering higher rates, that is perfectly fine; your decision may reflect your personal risk tolerance. If you are comfortable with higher rates, that is also valid, provided you have done your due diligence.
One thing is certain: MMFs are classified as low-risk investments because of their structure and regulatory framework, not because of the name behind them. If the extreme scenarios some people imagine were easily possible, MMFs would not be categorized as low-risk investments.

If this is a stocks/equity thread, it will be understandable when we focus on risk, but it’s not the case here. If MMF has this kind of wahala, then we should not refer to it as low risk, and then we'd better just go into stocks and face the risk at once with the attendant returns.

In summary, everyone should invest in what they are comfortable with. Going from Lagos to Abuja, one can decide to trek, take a bike, a vehicle, or fly; each will eventually get there, but...

Remember, making money without tears is our goal!

The elections that are conducted here, does the will of the people prevail??

We have bigger problems than the Iran. You guys should look inwards and tackle your own problems first.

Ezeama400:
Why not conduct election democratically and allow the will of the people to prevail, instead of this supreme nonsense ?

I don’t envy him at all …

I can't find Risevest on SEC website, tried to verify them there.

ezegold4we:
Yes, they are approved and licensed with their own official licence by SEC few day's ago, remember they have been using chaka licence all these while

Are they safe and secured?

ezegold4we:
You may consider investing into this Risevest naira investment plan depending on your financial muscle, it looks like it's better than chasing unstable 15% to 18% annual returns on Money market funds
Below screenshot is the investment plan from risevest.

Oga, everyone can't be in stanbic, I believe when they started out many years back, people were running away then too. The young institution will always grow to create room for competition, no matter how big an institution is, if it's not properly managed, it will also fall and we have seen many big institutions fall in the past or merged.
Just becos many of them are small today, doesn't mean the bigger ones are stronger. It's all.aout proper management skills.

Iamblessed8888:
There are things people say that sounds logical but it’s not true. For instance; read the reason cowrywise gave for merging rates. Does it sound logical? Yes. Is it true? No.

You can apply this same framework to those saying that risk is same across all fund managers. They are nothing but referral crumb hunters.

Take a trip to stanbic head office and the office of some of the fund managers being promoted here. Then tell me which you would rather invest your life savings with.

Forget finance jargon, if Firm A has over 1 Trillion AUM and has been around for 30+ years, and Firm B has 1 Billion and has being around for 5 years, which would you rather stake your life savings on?

If you were SEC, which of the two firms would you rather put under more scrutiny? The firm with 1 trillion or the one with 1 billion? Especially considering that you aren’t omnipotent and your job is to protect public interest.

What’s the “so what” if a firm violates SECs trust and does agro business with your funds? Will SEC kill them? Worst case, they’d pay fines and someone may do some jail time (unlikely). Remember, your money is gone.

You think stanbic does not like high rates? Ask your self, how is someone else offering you 20% in same economy while the more experienced manager is giving you 15%? Could one of them be taking more risk? All money market investments are transparent. There is no information asymmetry.

Ask your self, if the guy offering you 20% is much more brilliant than the others, how come their operations and processes are subpar compared to the one offering you lower rates?

Some things are just intuitive and some people are just being obtuse

Thanks for sharing.

Any idea how to invest with the first and second MMF, I can't find their app on the play store.

Neurotika:
Hmmm….

Thank you Sir

kingreign:
I'm not in lagos, but check for jceetech +2347089030689

You're right...
Please kindly recommend a good technician, I'm in Lagos...
Although the gearbox oil and filters were replaced.
The knocking sensor, will need to check if rodent ate up the wire due to long park down, so the sensor can be replaced. My major concern is the Gearbox. I need someone with good scanner and expertise. Please any recommendations? My scanner is the basic type not the professional deep scanning type that can reset the AWD and clear the alarm on the dashboard

kingreign:
For the knock sensor, replace both. They tend known to fail when the car experience overheating, rodents are known to chew the wires and poor fuel quality are known to trigger knocking or premature detonation.

As for the transmission fluid, change oil and filter. Use genuine transmission filter and genuine AISIN WS or GENUINE TOYOTA AUTOMATIC TRANSMISSION FLUID TYPE WS

It's 2011 RX 350, I used my scanner it's showing Knock Sensor fault, the car dashboard is showing check AWD and check engine light is also displaying on the dash.
Any recommended technician? I'm in Lagos. Gazzuzz was my only trusted technician, I'm yet to get someone else. All the gear changes normally and smooth, only gear two makes that small clunking sound while changing, but no delay at all.
I want it to be smooth as before without feeling the gear change while driving.
NOTE.... The clunking sound has drastically reduced on its own but one will still feel it whenever the gear two is changing

kingreign:
Have you scanned?
What year us the RX350?
If its 22pin, use a scan tool to try and reset the gearbox.

Indeed... Spamming the thread is an inspiration to you.
People with real money in investments or having good knowledge about investment don't make noise. They get busy with other things and comments only when necessary maturedly. Professionals like Emmasoft, Beeron and etal.

ezegold4we:
@tempest12, you have got no reason using those harsh word's on CREDIALERTS, that guy and other's here has has been a source of encouragement, direction, motivation and inspiration to lot's of people on this platform,

We should learn how to appreciate people with good heart instead of trying to attack them.

Guy, I think you need to chill, you're not the only one using Trustbanc, the noise about their rate on a daily basis from you is too much. Get busy with other stuffs or do you sleep on nairaland?
I'm sorry if I sound harsh but honestly take a chill.

Creditalerts:
@dungren u used your alternate moniker to yarn opata,you posted last since july 16 2020 ,so you came out of your shell because of trustbanc🤣😂🤣🤣🤣 See painment🤣🤣🤣 tell your stanbic MMF if they don't perform others will take over ,all those figures will be history 🤣🤣🤣

As long as it's a corporate email, it doesn't mean anything. They are public organization.
I have my corporate email too and it's in the public view for correspondence, but my personal mail is not.
Public organization knows how to handle spammers

Iamblessed88:
The personal emails you exposed are not on their official website

They are cooperate organization with a view to serve the public Interest. Their details are already on their official website for your perusal.

They already know how to handle spammers.

Iamblessed88:
You hid your name but exposed their own to spammers

Lol depends on individual and the amount of fund involved. I do all. By putting huge funds in fixed deposit, collect the upfront and put in MMF while spending from there. Capital must be preserved that's the idea.

Creditalerts:
I didn't o but think MMF is still d best

Did you deduct the 10percent WHT?
Currently Renmoney is the only fintech paying upfront for 2years fixed deposit... Which is very good. I really like that as well .Others only pay upfront for a year tenure maximum
The idea is to spread your liquidity so you can always used your ROI whenever you need money without touching any of your capital

Creditalerts:
Nice one when I hear people complain about fintech I laugh because technology is innovation 💡 When I calculate Renmoney interest rate It doesn't correlate with the 17% but I don't know of fairmoney .
As for trustbanc they are awesome and the rate calculation tallies I even followed them on Instagram. 😁

I'm a lover of fintech, all my banking and investment activities are all fintech for a long time now. I'm actually using Trustbanc via COWRYWISE. I just wanted to test the app and know it's flexibility. The only advantage is that you get your withdrawal same day and no charges when investing and withdrawing anytime you wish. COWRYWISE main advantage is weekend withdrawal after 24hours boring count down. Ren Money flexible 17percent which is stable is also good compare to most MMF rate.
For fix deposit, I used fairmoney they have the best rate for fintech so far.
Just for information please..

Creditalerts:
this is for the doubting Thomas 🤑🤑🤑


Pls reinvest and smile every morning in trustbanc 🤑🤑🤑😁😁😁