₦airaland Forum

Iamblessed8888:
Well i recorded a gain yesterday on zedcrest. Where did you see the loss?

Someone said this same thing a few days ago and ended up coming back to say he eventually saw a loss. Zedcrest lost yesterday on my app. I cannot speak for anyone else but I assume everyone gets the same value..

Always look at the actual mutual funds and not the value on the total balance. That takes much more time to update

Uberchic1:
We have said this since I don't even remember how many pages back. If you aren't comfortable with zedcrest, it's best you remove your funds immediately and go to where you believe will give you peace of mind. But let's not spread misinformation abeg. The zedcrest ytd is correct. I put some funds in there when the ytd was 19%. I lost 30k upon subscription and my funds have recovered and gained the correct % since then.


Just because some other fund managers record green doesn't mean all will record green the same day. The daily performance of each equity fund depends on the individual stocks in each fund managers portfolio. EquityM, you know this. So because CD did green doesn't mean Zedcrest must also do green.

People keep opening zedcrest because of high ytd then will come and say fraud. From numbers not matching to ytd fraud suspicion. Pls let's just advise newbies to open and stick to Cardinal Stone. Abeg

It is important we stick to the issues raised. Nobody says all equity funds have to gain daily. In fact, I am more concerned with safety of funds than growth. The idea of this thread is to scrutinize and determine which funds are safest so nor be quarrel.

I also have huge funds there so losses here and there is not a problem for me. However, you should be concerned if ytd increases on a particular day and the fund records losses. This is not the first time we are seeing losses but I am pointing out a pattern.

What I am concerned about is transparency and you should be concerned too. This is Nigeria.

EquityM:
Well, let's hear what Zedcrest subscribers will say about this issue.

I am also curious if there is anyone who has seen a 50% increase in value since January 1st on the Zedcrest equity funds.

Maybe other subscribers will let us know.

EquityM:
CS does update YTD on the app, and you can see the actual % of the gain or losses. Yesterday was a 1.53 gain. Paramount also displays the gain or percentage losses, but it isn't accurate like CS.

Yes, I noticed CS gained around 1.5%. I monitor them daily. Once I recoup my loses from Zedcrest; I ll exit it and stick with cardinal stone. Transparency is much more important to me than profit. Zedcrest ytd rose yesterday but there was a loss.

So how do we justify that?

Ogborokiri:
Because them don do well today baba 😂😂my initial deposit is now balanced me I knew there will be green

It is important that we wait till the funds update before speculating. Yes, cardinal Stone turned a profit yesterday, Stanbic equity turned a Tiny profit but Zedcrest lost. I lost 7,000 Naira on Zedcrest.

Sometimes, people just look at the total balance which takes time to change, they do not bother to click portfolio, investment, mutual funds to check the actual amount. Zedcrest gained day before yesterday and lost yesterday. I am beginning to think all this ytd are fraudulent. Your ytd cannot increase and you are recording losses. As with everything nigeria, there will always be some level of fraud.

Zedcrest made a loss yesterday. I am not even sure why.

cyrilex202:
My thought too. Just to imagine I top up huge amount last week. Gt equity also red but not as huge as stanbic.

I am sure it will recover. It will just take time.

cyrilex202:
Another massive Red today on stanbic equity

Looking like this Stanbic portfolio gets huge hits anytime the market goes south. Their decline is always larger than similar equity funds.

Iamblessed8888:
Its been updated. Lost 20k

Guessed as much

Iamblessed8888:
Very sure it’s static between yesterday and today. Yesterday i gained 60k and its been on same balance

You gained 60k yesterday? Or day before yesterday?

Lucky you.

Iamblessed8888:
Still same. The red distribution finished before it reached my side. Bab God do this one

Very likely you did not take note of your last balance the day before yesterday. If you do not monitor daily, you may not even notice fluctuations. These things are automated so I doubt anyone can be skipped.

Iamblessed8888:
My own hasn’t changed since yesterday o

Click portfolio, then investments. Then mutual funds. You ll see your current balance

Iamblessed8888:
Zedcrest held the line

They did not. I lost 26k

EquityM:
Expect to make some money tonight if the market stays this way. As I mentioned earlier, I don't make any money on Wednesdays..

Please advise how How you view this dashboard that shows daily ASI?

If a website, please provide link.

Thank you.

EquityM:
Reinvesting means your dividend. Some equity fund managers pay dividends annually or semi-annually to your bank account or automatically pay it back to your portfolio.

Thanks

EquityM:
This might be useful.

Boss, do you know if all equity funds automatically reinvest your profits? I ask because Zedcrest asks during subscription what % of your earnings you want reinvested. That is not same for Stanbic and cardinal stone.

Can you please clarify?

Iran that has been under immense sanctions and wars for decades sells fuel at 50-60 Naira per liter.

Go figure!!

PJ123:
Look at you - so other countries experiencing fuel price hike due to the war would also have to blame APC.

That's why you opposition cannot be trusted because of your apparent manipulation and deceits.

Keep quiet and stop sounding like a slowpoke. What is the price of fuel today in UAE and Saudi Arabia which are oil producing nations like your nigeria? How can a country with so much crude oil be experiencing this huge price fluctuations even in a war??

You would think that your leaders will be sensible enough to ensure that the citizens benefit from the fact that we are a crude oil producing nation. Why should opec external prices affect internal consumption? Shouldn’t we have oil storage reserves for days like this? Shouldn’t you have state refineries just like Saudi Arabia who produce and sell at reasonable prices to their citizens just because it is a locally produced commodity and they can?

FYI, opec quotas and prices do not affect your internal consumption. If your government did their job and provided crude 100% to Dangote or to their local refineries if they actually work, they would’ve been able to intervene with price control.

Everything is not politics, your country is a joke and a cesspit of corruption and mismanagement.

Accept it.

Uberchic1:
Address verification takes several working days. You initiated it on Friday, be patient. You can send them a msg on twitter if you're unhappy about the delay. They respond. If you're not comfortable with waiting for verification or having to reach out to cs, then just do Cardinal Stone instead. Their's is instant, I believe.

Thank you

EquityM:
@Uberchic1 should guide you on this issue; however, kindly reach out to their customer care service. Furthermore, I did not subscribe to Zedcrest, as I am unable to download the app from my location. Presently, I only have accounts with CardinalStone, Zenith, Zrosk, and Paramount for my equity.

Thank you for your quick response. I ll just wait for @uberchic1 to respond. Maybe he/she will have an idea.

EquityM:
No, bro.

Boss, I registered with Zedcrest on Thursday night. My profile is on 60% completion. Just the address verification which I also uploaded my utility bill at the same time. The whole of Friday; there was no notification that it had been verified. Still no change as of this message.

My concern is that this is usually a litmus test as to how these companies are efficient and reliable.

Does it take this long with Zedcrest for address verification??

EquityM:
73.55 YTD.

Thank you… I appreciate the responses.

EquityM:
They don't. You have to sign up through their website, and the minimum investment is 5m.

https://www.zrosk.com/open-account

That’s fine. What was their return rate for 2025? Any idea?

EquityM:
I began at the end of January. Enormous profits from Zrosk. Additionally, the market was a little slow this week, but it will soon pick up steam.

Does Zrosk have an app? I tried searching but I am not being pointed in the right direction.

EquityM:
Try Zedcrest, as they are on par with the CSOF.

Thank you

EquityM:
It is 100M as a minimum capital. If you have it, I will drop their VIP email.

😳😳

Make we hustle join small

EquityM:
CSOF at 55% YTD. It might do 100+ YTD by the end of the year.

Please how do I subscribe to this Cardinal stone csof? I have set up the app but I cannot find the fund. There is equity, balanced fund, and money market. I have looked everywhere and cannot find CSOF.

I appreciate your response.

Burob:
Company owner, yet u are the person lamenting?

Read the intelligent submission of Hedonisco above. That is how sensible people reason and think.

Burob:
Mr Wokerman after this your long epistle, u will still pay.

Some of us have companies and can evade it. We are prepared!! It is poor people like you I feel sorry for.

Burob:
You just dey yap nonsense, how much burden is the extra taxation on the so called poor, e reach even half of the money they wage on betnaija, or nairabet monthly?

I don’t expect a child who doesn’t pay bills to understand..

Please tell us what all the crude oil revenue and indirect taxes including trillions raised by customs yearly and all the Nigerian revenue generation institutions has been used for that has benefited you in the last 20 years if you are that old self.

I can’t help you use your brain. All countries pay tax. However, the tax is used for the citizens and the government is accountable. Government that could not develop nigeria with crude oil revenue since 1960, it is when you pay 20% tax through your nose that you ll get dividends of democracy.

Abeg, how many Emifele and Yahaya bello do you have in the USA and UK?

You can’t think for yourself!!

grandstar:
What most critics of the new tax laws don't understand is they and the country suffers with low tax revenues.

Tax revenues are barely 10% of GDP. Overdependence on oil revenues has led to this problems.

It's because tax collection is low affects the exchange rate of the Naira. Huge borrowing affects the value of the currency.

In addition, low tax revenues is one reason why many are poorly paid. If tax revenues were like 20% of GDP, doctors would be better paid

There's just so much you can squeeze out from crude oil revenues. The economy can not grow greater than it's crude oil revenues.

There's was a time I was in over 200 WhatsApp groups. Now, I was using a 16GB phone. Obviously, it couldn't cope.

The phone kept crashing and deleted lots of ,WhatsApp messages to get back to the 16GB. It was always resetting.

It is the same with Nigerias crude. The economy can't grow bigger than the crude oil revenues. It would continue to reset anytime it passes the crude oil capacity.

There needs to be change.

It is like all defenders of the tax laws have lost their sense of humanity and common sense.

For starters, nigeria is an extremely poor country so any taxation targeted at both the rich and poor will have more people fall below the poverty bracket. Nigerians can barely feed, cannot afford fuel and you think it is a good idea to increase taxes. As it stands; you already pay Vat, transfer charges and a lot of other indirect taxes running into billions every year.

Now this brings us to the crux of the matter: you are ruled by criminals and kleptocrats, thieves who do not even care what the people say or think anymore. Trillions are looted out of nigeria yearly by your leaders and civil servants which they invest and hide abroad. Now, the government has not shown goodwill by properly fighting corruption, by judiciously recovering monies from corrupt citizens and utilizing it for beneficial projects that are viable and visible. Look at Malami and the trillions he stole in 8 years. Do you know how many Malami’s and Emefiele’s we have in nigeria??

So rather than close the loop holes, show commitment to saving money, recovering money; plugging wastages and doing meaningful projects in a bid to assure the citizens that the government is capable of managing your additional taxes, you think the solution is to tax the people more to fund the hundreds of Malami’s and Yahaha Bellos in Nigeria.

You reside in a country where the presidents convoy is longer than the USA president. Where the convoy of local government chairmen is longer than the governor of California whose GDP is larger than Nigeria. You live in a country where the salary of a senator is larger than the Salary of the USA president and you think increased taxation on the citizens is the only way to raise revenue. Shame on you!!

Citizens are happy to pay tax then they are assured of services and goodwill. That is clearly not the case in Nigeria.

If you think additional taxation is the solution to Nigeria’s problem, you are a slowpoke.

bassdow:
Are you aware some of us don't know the voltage of these batteries / cells ? Would be helpful if you don't just say 314ah but equally include it's voltage. e get why.

You just want to be seen to be commenting on every single post. Which DIYer doesn’t know the voltage of lithium cells?