₦airaland Forum

No wonder. I set up Cowrywise for someone and I couldn't find ARM, Trustbanc e.t.c like before. It's well o

Creditalerts:
it's gone,the latest upgrade removed other MMF😅they only have cowrywise MMF now ,we are lucky to invest through them with trustbanc because I enjoy their transparency .

Hi everyone. Please I couldn't see other banks mutual funds on my Cowrywise again. What can I do?

I started mine in early October, I invested in the Stanbic ethical and equity funds. I've not recovered from the last fall. It was so bad. But I'm in it for a long term so I'm not bothered. I also have just about 1 million there so I'm not moved

Arizona86:
How many months have you stayed invested in the fund? This clearly shows you haven't spent enough time to study the instrument. I started investing in stanbic equity fund in July this year and before I decided to invest, I took months to monitor the fluctuations, bid price and offer price. @emmasoft has consistently stated on this platform that before going into equity a number of things to consider- risk appetite, goal, age, time etc.
During the period I've also experienced fluctuations but because of the duration so far I've gained from the fund. Time and DCA matters a lot when it comes to equity and since I plan to stay invested for a minimum of 5 years I've decided to stick with the fluctuations in the market.

In contrast, I did a subscription top-up in the evening and it was credited this morning.
Please what could have happened?

tosinman:
I redeem some of my money from Stanbic mmf since yesterday morning and it has not landed in my bank account which is also a Stanbic bank.
Please what should I do?
I've also sent them an email

I redeem some of my money from Stanbic mmf since yesterday morning and it has not landed in my bank account which is also a Stanbic bank.
Please what should I do?
I've also sent them an email

What's happening? Has stanbic MMF changed the way we redeem funds. I still redeemed funds two weeks ago and it was hitch free. I didn't fill any form. Just did it from bluenest website

Are you sure about this? that's my bank app

emmasoft:
What Access bank is doing is more of a fixed deposit. It's not MMF.

MMF is not tenor based, amount to be invested is not capped at a paticular figure, it's an open ended fund, investors can redeem fund anytime after 30 days without penalty and returns doesn't attract WHT. All these are not obtainable in what Access bank is doing.

In the first place MDBs like Access are not fund managers.

Let's be well guided.

Anyone investing in Access Bank mutual funds through coronation asset management? I want to know about them

That means it's paid Monthly to Stash. Then I reinvest it. Thanks🙏

yusfatedeeprof:
Or you move all your money including gains to stash by month end and then move it back to the mmf as new.

Please Is it cowrywise Mutual funds or stanbic MF that's on cowrywise that's okay?
Also please do they compounded monthly or quarterly?. Thank you

nickae:
I have an account with them, so far no issues.

This is enlightening. But What if bank a cease operations? E.g Heritage Bank of recent. Perhaps, some have not even collected their money from the bank after the collapse.

A305:
As regards this your fear, I see that some other persons here has replied well to your concern but I feel the need to educate you simplistically so you can educate others in your circle or offline.


MMF, regardless of the (brand/bank name) is a pool of investors that an asset management (brand/bank), collect their all their money to invest in low risk investment mostly Government Tbills, fixed deposits and commercial paper.

Note—Commercial paper isn't entirely low risk, which is why the least allocation of funds goes to it. And most fund are usually allocated to Tbills.

Enter Tbills.Tbills or Treasury bills is government way of issuing promisory note to collect money and pay back shortly within a year. Government can never default or go penniless broke to pay back and in worst case scenario, they will print money to payback debt. The only way you won't get your money back is if Nigeria ceases to exist. (Shout out to Trump and Putin massive number of Nuclear war head), those can really wipe out a country.


Now the reason why rates fluctuate is because of MPR & Inflation rate (Assignment: go learn the full meaning of MPR and submit your assignment here.)

Anyways, MPR in one word means Interest rate, so what happens is; If Nigeria inflation number is high, CBN will increase MPR and Increase Tbills yield to force inflation to come down. This is what has been happening since last Quarter of 2024 till now.
So, when Tbills yield is up, MMF rates will shoot up too because the buck of money invested in MMF is in Tbills. Then you will begin to smile like Dangote lol


What CBN is essentially doing is mopping up and raking in excessive money in circulation. People like me and your will rush to invest in Tbills or MMF for high yield gain but CBN motive is to get rid of our money in circulation.


So back to now: MMF interest is failing, what is happening?


What happened was: Following the last MPC, CBN began to maintain the same MPR for banks, they rebased our inflation from 2009 to 2014 first and secondly rebased our GDP to 2019.

Drum roll ... Ghen,Ghen, Ghen, Ghen..., suddenly inflation numbers began to fall since the second quarter of this year.

Investors like us saw it coming, this was why I made a comment post here in the past two thread page before this one, that MMF rates will soon cool down, a couple of guys type jargon at me but I was smiling offline reading their replies. Anyways, what is happening is Inflation numbers are cooling down, CBN is starting to reduce yield on Tbills, hence MMF rates will reduce too. Thanks to Cardoso Aka Cardi-B.


Why did I take my time to type this much?

I just wanted you to understand that this is normal and this happens in circle, you only being aware of it now because your MMF investment is teethered to the health of the economy and inflation numbers just like the performance of altcoins is anchored to Bitcoin.

Don't panic, Don't pull your money from fund manager 1 to fund manager 2 because they are all experiencing the same shift and transition in the economy. What you should focus instead is the 9th wonder of the world which Albert Einstein called, Compound interest on your MMF.


Peace out.

Good morning. Please I withdrew from my MMF yesterday before 12pm, for the first time and it has not reflected in my bank account. Does it take that long?

Morning brother. Please what's the starting salary now for Lagos state teachers grade 8.Thank you.

Ollytblex:
Bro I'm currently a teacher in a public school..My advice for you is to accept the job cos there are so many benefits attached to it..The pay is progressive since u won't remain on a particular level for long.Promotion is every 3 years b4 then ur step also increases which brings about increase in ur pay.. I assure u that u won't regret accepting the offer especially if it's Lagos State throwing the offer 2 u.(Lagos State civil service)

Thanks for this explanation. In summary, anytime I want to withdraw for free, it has to be 30 days or more from the day of my last deposit no matter the amount.

emmasoft:
Note that you can withdraw/redeem your money anytime. Here is the condition: Any amount invested for 30 days or more can be withdrawn without any penalty, but any amount deposited and less than 30 days will require you to pay a penalty of 20% of the accrued interest on the amount you are withdrawing.

For example: if you invested 500k on the 20th of March and another 1m on the 30th of April, then another 2m on May 20th, which makes a total of 3.5m, then on the 13th of June you wish to withdraw 3.2m, it means you will pay penalty of 20% of the accrued interest on 1.7m of the 3.2m because 1.5m of the money is more than 30 days while 1.7 of the 2m is less than 30 days.

Good evening all. Please can I withdraw anytime from my stanbic mutual funds. I was told it is 30 days after I start. I started in March and I've been putting money monthly.

Morning bro. How far with the belt you got from crixie? Was the problem solved? I'm also having difficulty with my timing belt.

anochuks08:
Thanks, I already ordered one from Crixie. I appreciate

Morning bro. How far with the belt you changed. Please can you direct me to the Toyota service center. My timing belt has cut twice in a month. I will appreciate your reply.

Arysexy:
Yes.

I took d car to toyota service center and they ordered BOSCH original timing belt for 22k and that was the end of d cutting.

Been driving d car now with full confidence. Have done Lagos to East twice, unlike before I change every month or two months

Good afternoon all. My Toyota camry pencil light is bringing out lots of fumes and about three mechanics said I will have to change the engine. Please who know any reliable plug. And what's amount range I should look out.

Good morning guys. Please what capacity and model of generator do I need to get that can power Hisense washing machine and pumping machine, not necessarily same time. My budget is around 100-120k. Thanks

If you reside in Mowe. Future Leaders high school is very good.

christoadeoluwa:
Good evening to you all. Please, I need your advice for a low fee College/School for my daughter around Mowe, Ibafo and Magodo areas. Does anyone know any college along this axis that there school fee is affordable.

I will be very grateful if anyone can assist me in locating any standard school(s) that there fee is affordable .I am shopping for schools within these geographical locations.
Thank you all and God bless.

I need a quality office shoe, and a laptop

Good morning. Please Where can I get a quality and cheap shoe and shirt for personal use in Lagos? I will like to have the idea about the prizes also exact location. Thank you

There is an urgent vacancy for the Post of a mathematics teacher in a school at Mowe. The applicant must reside in Mowe ONLY and must be very Sound in Mathematics. Call 08148846139

There is an urgent vacancy for the Post of a mathematics teacher in a school at Mowe. The applicant must reside in Mowe ONLY and must be very Sound in Mathematics. Call 08148846139

There is an urgent vacancy for the Post of a mathematics teacher in a school at Mowe. The applicant must reside in Mowe ONLY and must be very Sound in Mathematics.

Does anyone has any information on Dansol high school at Ikeja?. There working conditions and Salary

Edithspecials:
Thanks

please some questions. I just started the application, hope it's not too late. 2 is this fee for just first semester. 3. Are the Saturday lessons, compulsory. Thanks

love2017:
I have just been admitted into the NTI PGDE programme 2020,,,,,,When do they normally start their first semesster lecture?

I just started my registration. Please is there any difference in the fees compared to the quoted on line.

Singleatom:
I just finished my exams on Friday last week, so let me help u with the information u need.
first semester courses are 12. second semester is 7 including project work and teaching practice.
once u pay your school fees for the semester, u are given all the course material and that also qualifies you for the exams.
lectures are usually on Saturdays only.
exams are for Fridays and Saturdays only.
school fees for first semester is around 57k while second semester is around 35k.Hope these information's help.

Thanks for this Info. I am just starting my registration. Please is the Saturday lecture compulsory because I often go to work that day. Can the fee be paid twice. Thanks

okay. I am chatting you up now

Milkbooster:
i have a sister who lives inside RCCG Camp and can do it perfectly
08130795771

[quote author=Milkbooster post=82579962]i have a sister who lives inside RCCG Camp and can do it perfectly
08130795771[/quote okay. I am chatting you up now

EMPLOYMENT OPPORTUNITY
An experienced Secretary OR an OND Accounts with a vast knowledge of Microsoft Words is required in a school at mowe. If you are qualified or have someone. The aplicant must live inside mowe.