₦airaland Forum

seyisanya:
Hello all, I couldn't gain access to my account dashboard on FBNQuest online platform. The message displayed was "The active accounts linked to the user do not exist. Only limited features can be used. Contact the bank administrators for details."

What does this mean? Anyone experiencing this at the moment?

Many thanks.

It is a general technical issue. Wait till Monday

infj:
thank You for your response. So which would you advise I go for.

You can try axa mansard or fbnquest

C505:
Do you mean stanbic is poor at money market rate? I used to do with mansard but I closed down late last year and instead of going back there, I opted for stanbic.

The only thing I hate so far from stanbic is the fact that the rates per day aren't displayed.

Their rates are not poor. Just that they don't invest all the funds. Hence, their displayed rates are not the same as the actual value of interest you get when you calculate it based on your principal.
They displayed their rates everyday. Just logon to you web portal.

infj:
Good afternoon house
Please I'll like to know if anyone uses Arm's money market fund, I'd like to know the features and its advantages/disadvantages over other mutual funds.
Ps. I'm just an undergraduate(without any knowledge of the financial market). I'd be grateful if anybody can suggest suitable mutual fund to invest in, I'll bei intend making deposites into the account monthly. Thank You

The only thing I can say about them from experience is that their customer care service is very poor. I had no choice than to leave despite their high interest rate

Akin3891:
Can u explain the bolded msg? Thanks, i understand that the intrest is calculated daily,but can it ever go below 10%, because if the rates is not as juicy as TB rates, i will rather go for a TB investment of a short terms,but my problem is that i might not always get a 31 days tenor in TB and this can affect my plan of monthly withdrawal . Also is there any risk" whatsoever " to my capital investing in mutual funds? I'm actually looking for a daily intrest rate between 10 to 13%, i understand the daily rate fluctuate.

For money market funds that I know about of which I have account with them (fbnquest, stanbic and mansard), the minimum holding period is 30days. Anytime after 30 days, you will be free to withdraw your money either in part or full without any charges.
As at Friday,
FBNquest: 13.66%
Mansard : 13.46%
I don't trust stanbic rate bcoz they credit a little below their displayed rate.
Based on this, these money market funds suit your taste

yak:
I have tried it twice but cld not get all

Check for your current NAV, input it in the redemption amount (inclusive of kobo)

Stocking:
Prove it !

Ask any Nigerian

Stocking:
No PDP presidential candidate has ever attended debate since 1999 . I thought Atiku will break the record upon all the ranting by pdpigz that PMB must attend debate .
Useless set of people .

GEJ attended in the last election

akinola98:
Pls what is the name of the app on IOS ??

I only know of play store

akinola98:
Please do they have app

Yes

GonFreecss1:
Currently over 15%, it has been kinda consistent over the years to be honest.

How are we sure 15% will be distributed. I know they have minimum bench mark. I will try them out with little funds

Prechy08:
3m for 30days @ 9% for fixed deposit, is it a good deal, should I take it?

No
Instead, if you urgently need 30 days tenor, try money market funds of 13% and above. Minimum holding period is 30 days.

ovenbake:
Quick question biko. How do you do subsequent credits to the fbn mutual funds? Is there an app on playstore to manage and see your funds as well as credit additional funds? Thanks

There is an app for it called FBN Edge

ogawisdom:
How do I get my current NAV please

From your dashboard

ogawisdom:
Help I cant redeem my Money on sImmf because of current asset value，which kind wahala be that?

I have reduced the amount to withdraw to even 1k yet same thing, I never knew anything like this ooo

Only knew minimum account balance to be 5k

This question has been answered many times here. To withdraw all your funds, first get your current NAV from your dashboard, type it exactly into the redemption amount (inclusive of kobo)
NB: the minimum amount to withdraw is 5k

punk4:
for weeks now i credited my mutual fund account but it has not yet reflected in my MMF account yet, what could be the issue.

Which of the MMF?

Ourown:
Kindly pardon my ignorance regarding the question am about to ask.

70 days gives 13.5% while 357 gives 14.5%

Imagine I got 13.5% after 70 days, I'm thinking I can invest about 4 times (70 days ) in 357 days. And get 4 x 13.5% interests

Am I wrong?

All interest rate are on annual basis.
Whatever your annual interest is, divide by 365 and multiply by the number of days

emmas2k570:
Anyone using FBN QUEST please i have a question...

How do you make payment easily. I tried paying through the payment stark on the FBN Edge App but it requested for an extra charge of about #465 unlike Stanbic MMF that doesnt charge any extra fee

I'm new to FBN Quest please help a brother.

You can make fund transfer to their account. Just include this format in your reference :
MMF account number / Full name
Like MMF055294001/Yemi Osinbanjo
After successful transfer, send your POP to them via email

johnhack:
if i decide to to topping up to my MMF account every month. Will the company be updating my share capital base monthly and i start earning interest on the new capital?

Yes

emmas2k570:
Seriously i'm typing this msg right now with boiling anger... I log on to my Axa MMF just to check on the progress of my fund, lo and behold my account was empty as in #0.00 with #0 Interest.

I just wrote a mail to them now asking for what could have happened to over 800k that is in there, they are yet to reply me



I dont think this guys are reliable anymore

I just checked mine.
It was the same thing.
It might be a technical issue.

enque:
Pls share o
Cos i tried to withdraw all my funds (needed it for something in December) but it didn't go thru till i left a 5k balance
Stanbic mmf

If you intend to withdraw all fund, get your current NAV and type it exactly the way it is in your redemption amount (inclusive of kobo)

ajeleomo:
Thats not exactly true as it fluctuates among them, however SFS FIF has been trending highest for months now, currently at 14.48%

SFS FIF is fixed income, not money market fund . I think he was referring to MMF

mekalicious:
Happy New year guy,please I need URGENT REPLY ON THIS
1.Is noun admission form still on sales
2.If Yes,is there a place I can process everything in school .
3.Please someone with better guild should message me.
Thanks

Admission form is on (via online) and you can get everything done at any study centre

kenkel:
Please can someone tell me how to monitor my profit on arm money market fund. I have not recieved any message regarding my profit for over a month now

Login and check your accrued interest

emmasoft:
FBN as at 02 01 2019
13.14%
https://fbnquest.com/asset-management/fund-prices-and-performance/?nav=

Hence, FBN is better than ARM then. Also, this may change as time goes on.

Akby:
Yesterday was 12.98%
Axa was 12.1%
IBTC was I think 12%

The trend goes on and on. Hope I'm not hurting other agents on here? Just trying to be as objective as possible.

Thanks

Can anybody give us FBN MMF as at yesterday?

Akby:
Nice thread I must say... I think a higher percentage of people on here subscribed to FBN and IBTC. I actually think ARM returns a slightly higher percentage than others. My opinion tho after studying the market for months

What is ARM rate?

seyisanya:
Thanks Emmasoft! All sorted now, I actually enjoy their service. Infact, I just made additional funds towards my MMF investment. I really appreciate the time you dedicated towards responding to my concern.

Pls, what is their current interest rate for money market ?

seyisanya:
I just logged on to my fbnquest account and was surprised to see that the current value of my portfolio was reversed to the initial invested amount. Consequently, total accumulated units have also been reversed to the principal units. Did you or anyone else experience the same?. This is not funny at all oooo

This is normal if you selected the reinvestment option. Hence, your accrued interest or units has been invested (now your capital)

awesomeJ:
Happy new year everyone.
In this new year, I'll advise two things:

1. Commit your endeavors to God, and position yourself for His blessings.

2. Seek opportunities aggressively.
In 2016, some folks turned 70m to 140m buying dollars.
In 2017 lots of people were able to double their funds in the stocks market between April and Jan. 30m in FBNH for instance became as high as 145m.
In 2018, some people have been able to turn 90m to 215m within 3 weeks buying DIAMOND.


So these opportunities seem to always come every year. No one can be sure what it'll be or when it'll come, but one thing is certain when it's about starting, we'll become aware, but only those who are prepared will partake.

So seek this year's bounty harvest opportunity aggressively, and prepare well enough by having adequate capital to take position when it comes.

Happy new year once again. God bless our efforts(hussles as some'd like it called).

You forgot to mentioned stock that have lost last year.
PZ (-41%), NB (-36%), Access (-34%), Wapco (-72%) etc.
So, it is all about risk profile of the individual .

netzro:
Please help me on how to subscribe using the app

Download their app

DrOBD:
Thanks.

Is the interest constant or it fluctuates...

Fluctuates