₦airaland Forum

LifeSolutionsTV:
Here...

emmanuelewumi:
Between 2019 when I started and now, I now have 7 mutual funds.

4 money market funds

2 fixed income funds

1 guaranteed income.


We need to revive this wonderful thread

chuks04:
Hello house, please I want to invest on stanbic ibtc dollar fund and I need someone who has been on this before now to help give a little idea on what there daily percent interest like.

Was actually at the bank today....was told i can't touch my money for the first 6 months and minimum is 1k dollars, daily interest will be paid to the account but was not stipulated.

Please I need to know what the interest is like daily. Is it worth giving a try?

Someone please help. Thanks

Chuzpah1:
The telegram group is @CryptoAgainstCancerToken

LifeSolutionsTV:
I was doing already, however - as I was doing the registration, it requested for some details I didn't know what to fill.

kman3000:
Also, what’s the best way to save in dollars. I learnt so far that Dom accts offered by Nigerian banks aren’t really friendly in terms of stack differences between inflow exc rates to that of outflow rates. So how else to save in dollars?

yazga:
That you've made money from something that is unsustainable for 10 years doesn't make it sustainable.

Money making is NOT proof of sustainability.

The longer it takes for a bubble to burst, the bigger the problem it will create for everyone involved.

So how can you tell what is sustainable?

Knowledge.

You must get an Understanding of how finances work.

For example, the belief that money makes money is a delusion.

It is Human productivity that creates and validates ALL the money in this world and in whatever form they take.

Humans also use money as a tool to increase productivity.

The farther away a financial scheme/system/strategy is from humam PRODUCTIVITY / VALUE the more dangerous it is.

And it is only a matter of time before it fails.

You don't have to agree.

But you may want to humble yourself and really learn the truth about how these things work.

Selah.


Key points.

1. Sustainability

2. Human productivity, which must produce goods and services.

3. Any venture that doesn't create tangible goods and render services for wealth creation is not sustainable.

4. Making money from speculation or gambling is not sustainable.

I will rather own the casino than being a gambler. At least the owner of the casino is rendering a service


The 3 sides must be present in a bubble...

Speculation - I need not say much about this. The speculation in the system is rife

Money/ credit - with US and most countries printing money at top speed and low Interest rates presently obtainable, the system is awash with cash

Marketability - what's more marketable than buying stocks in the hope of a quick buck or 0.00001 bitcoins in the hope of reselling it to a greater fool

No doubt about it... We are in a huge bubble...

How long before it pops is the question... And when it does pop, will it affect the stability of banks is the next question...



Tip
Any stocks that always move with high speed, use to return with high speed. Most stock that moves up before the release of their result do have poor result, while those that stagnant before releasing of their result do have good result.

LifeSolutionsTV:
You are brilliant.

How can we connect?

I want to get some shares with Dangote Sugar and GTB using your Affiliate link.

emmanuelewumi:
Money Market Funds have a uniform price of either N1.00 or N100 per unit.

Your capital is guaranteed, but your interests fluctuate depending on the assets in the portfolio. But at the end of the year you should be able to have an idea of the average interest for the year.

Your interests are calculated daily and it shows in your statement.

You are expected to leave your investment for 30 days before you sell, if you sell before the 30th day. You will lose 20% of the interest earned in the last 30 days. That is your penalty.

Money Market Funds invest in Treasury Bills, Bank Deposits, commercial papers and other short term instruments.


Fixed Income Funds invest in FG bonds, State bonds, Corporate bonds and money market instruments.
They don't have a fixed price, they use the Net Asset Value to determine the price of each unit. The prices are updated every day the fixed income fund of United Capital is about N1.95, while that of FBN Quest Asset Management is about N1800.

Your capital is not guaranteed in a Fixed Income Fund, that is why you are expected to leave your investment for 90 days. If you sell your Fixed Income Fund Investment less than 90 days of the purchase you will lose 20% of your capital appreciation.

2018 was a good year for fixed income fund managers some funds earned between 28% to 40%..

I hope this answers your question, you can mention me on the Mutual Fund thread for more

ElectronicMoney:
Between Facebook and Twitter which one has better conversion rate?

emmanuelewumi:
Very free, you asked the question as if you really knew what was up.

emmanuelewumi:
You need to pay for tutorials?

Don't you style to pick my brain.

Read up on Money Market Funds and Fixed Income Funds.

The underlying assets of the various funds

emmanuelewumi:
I bought at around N1.80 late last year

Everythinggood:
Back then in 2018, i worked for a company for good 2years with my ND certificate, they were paying me 40k for good 2yrs without any increase in salary. And they were over labouring me, imagine doing the work of 4 people at a time, they don't want to employ another workers, because they thought that they were over paying me.

greenguy:
GDM Group/Pavoreal Industries. Craziest work environment EVER!

Very scattered and exploitative works space. They own you 24/7 with their peanut pay which will NEVER EVER be complete and which you will almost ALWAYS beg for at the next half of the second month.

The definition of Management there is man and his wife, every other title there is pure slavery.

You can't be there and be sane.

Very mad place, ask around.

Pearlqueen:
I don't know where I will find the credit but the photo below is how my dashboard and my portfolio look like

emmanuelewumi:
All these insurance companies sha, I am getting 7.91% from United Capital Money Market Fund.

Fixed Income Fund grew by 6.5% from January 2021 till date