₦airaland Forum

But those are not a voter's cards. The opposition are foolish, rigging are not done in the open like this. No one will be sharing voters cards in the open to rig an election like this

Please is the 2016 Honda Accord Touring advisable for a first time car owner?

@nurey, your input will be much appreciated.

Iamblessed88:
So in essence, Cardinal Stone Equity Fund is more like an ETF. One thing though, what’s the liquidity? How easy would it be to sell as i hear ETFs aren’t so liquid in the Nigerian Market

No, Cardinal Stone equity fund is a mutual fund and not an ETF. It's actively managed and they don't just copy/mirror market index, they research and pick specific stocks they think will outperform, But using NGX30 as the benchmark.

EquityM:
Yes, they are lagging behind the big boys. I think they just started the fund last year in Feb. I was told dividend is also distributed annually apart from the capital gains.

They aren't lagging. Cardinal Stone Equity Fund is benchmarked against the NGX30, other fund managers utilize different strategies too for portfolio composition. Cardinal Stone’s equity fund tracks the NGX30, whereas another fund manager can use different benchmarks.

So it's more of like different approaches/strategies to equity fund.

bluntjudge:
my two friends and i are planning to be saving certain of amount of money monthly into mutual funds for a long time. We want a structure similar to a joint account, where all three of us have access to the account and no one can withdraw funds without the others being aware. We would also like each person to set up an automatic monthly direct debit from their personal bank account into the investment account.

Please, is there any platform that currently offers this kind of setup, or what would anyone recommend as the best way to go about it?

One approach will be to open a joint bank account, though you’ll need to verify if the bank permits three unrelated signatories for joint account opening. Alternatively, setting up a Club or Cooperative account may be more effective. The withdrawal mandate should be set to 'All to Sign' (A+B+C). Once established, you can link this account to a fund manager for direct debit and also for withdrawals. However, you would each need to manually transfer your monthly contributions into the joint account first.

Beeron:
That T+2 policy was implemented last week. That single policy made the market more liquid so people decided to invest even their Christmas money that's why the market got bullish.

Enjoy your wins now and be smart to flee when ASI drops beyond recognizable pattern.

It’s been a great year for equity funds generally though, unlike last year. If you jumped in back in January, you’d likely be up about 50% or more right now.

Also, for equity fund it's not advisable to try timing the market, time in the market is what builds wealth. Unless a total market collapse is certain, moving in and out of funds usually does more harm than good. Equity funds are a long-term play, when the market dips, don't sell. Buy more. That’s how real gains are made. So it's best to put capital you can leave for 5 - 10 years.

heavenisreal18:
Pls I got an email indemnity form from my bank but I don't know how safe it to use for instance if another person pick my phone can they ask for fund transfer into their bank ,will the request be granted pls help

The Indemnity form is a necessary policy requirement for all fund transfer instructions submitted through non-physical channels (i.e., email).

To your question, the person will also need to have access to your email, your signature and know who to send it to, which to me doesn't seem like a stranger.

For additional security, you can instruct your Relationship Manager to confirm all fund transfer requests above a specified threshold through a direct phone call to you.

Allboiz:
You'll loose a day interest doing that and you'll realise it's not worth the stress after calculation.

Just stick with stanbic with a monthly reinvestment plan at 19.34% or FBN with a quarterly reinvestment plan at 20.08%

You won't lose a day interest. Withdrawal from the mmf to stash is processed in 4 hours, if you add it back even at 11:00pm you'd still get that day interest on cowrywise. You can even do 15 days and not 1 month if you have huge amount of money there. Make cowrywise no see this sha

nickae:
Its the cowrywise mutual funds. Compounding is quarterly, i think its only stanbic that do it monthly, but there is a hack. You can choose not to reinvest your dividend, then once its paid to your account, you put it back to the funds

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

Originalsly:
Not at all into economics ...but common sense tells me this is not good ... we are pretty much depending more on foreign aid. Basically imports have increased by 67% .... let's hear exports have increased by 67%. We've reduced import of fuel .... this figure should be decreasing ..not increasing. Maybe I'm crazy.

Yes you are crazy . The word is "Capital Importation". Like more money is coming into Nigeria, most of which is going into portfolio investment. Thank you.

Mixology:
I’m so happy guys.
Finally made my mmf 12m. Started investing late last year. At least 200k is guaranteed monthly from August. 1m by December without lifting a finger.
Thank You Jesus.

Hope you have other investments? Buy shares too o for long term. You can be doing like 5% - 10% in Stocks if your risk appetite is low. Diversify your investment.

See this one wey suppose dey school and figuring out his career path

The CardinalStone Equity Fund, like other equity-focused investments, demonstrates significant volatility. In 2024, my N500,000 capital at some point drop to N410,000. However, with the current equity market upturn, it's also experiencing exponential growth to 815k. This means high potential for both substantial gains and losses, marking it as an aggressive investment. Tomorrow the 815k can drop to 600k, depending on equity market performance.

In contrast, Money Market Funds (MMFs) offer stability. They prioritize capital preservation, making it highly unlikely to lose your initial investment.

For maximizing returns and managing the risk of an equity fund, the strategy involves a long-term investment combined with Dollar-Cost Averaging (DCA) – consistently investing more capital, especially during market dips. This approach helps average out your purchase price and capitalizes on future market recoveries.

Thank you.

BuchyD:
Any one here subscribed to the ARM MMF on palmpay?.

I just wanna know if I'm on the safer side or I should register directly with the ARM MMF app

Not worth it. I've tried their smartearn offering, which is basically ARM mmf through their transsnet assets management.

1. The actual interest paid is lower than the advertised rate.

2. There's a lack of transparency regarding interest calculation and the rates applied. They just show you the amount.

3. They charge an outrageous processing fee, 1% of your capital (up to ₦3,000). Although Palmpay Premium members get one free purchase per month.

4. Interest can be unpaid for up to five days after funding your account.

I use Cowrywise now and I've had seamless experience with them.

But death is not the reward for evil/bad deeds nor is it some sort of Karma. It's something that would happen to everyone at some point.

websuccess:
I have the total sum of ₦2million in all my accounts. Am looking to put it away for one year in either Bankly, Cowrywise, Renmoney, FairMoney etc.

Which will you advice that I put it that will give good interest on investment.

Or which investment is advisable to put the money into for good ROI.

Thanks for reaching and responding.

Fairmoney offers highest interest rates for fixed-term deposits: either 26% or 27% for a 1-year term, or 28% or 29% for a 2-year term. You also have the option to receive the full interest amount upfront. Keep in mind that a 10% withholding tax will be applied to the earned interest

If you however want to be able to have access to your money at anytime, and not pay tax on the interest I'll suggest money market fund. But the interest is around 20% - 22% per annum.

You can download fairmoney app using my referral link below:
https://fairmoney.io/referral?referral_code=MA6MM

cnnamoko:
The Opay effect

I told a cashier in G.. that was raising shoulder during naira scacity period, that this big bank hall ll be converted to a museum or better still a poultry farm in 5-10 years time. She was still formimg untop of my unreversed 11k tilll date.

Fintech ll show them shege. Without a single major branch Opay and Moneipoint ll snatch all their customers like how sidechicks do it professionally

You are uninformed. Fintechs don't really affect traditional banks profit. The huge profit declared last year was majorly from interest income and FX revaluation gains. High interest rates means huge profit for banks.

emmasoft:
@Bossgem, welcome to Norrenberger.

You can top up your MMF any time with any amount from 5k. The amount will be added to your existing capital and interest is always calculated based on the available balance of your MMF account at any point in time.

Please is the interest earned on MMFs subject to withholding tax?

festacman:
Love him or hate him, David Hundeyin is a proper coconut head. Strong as it comes.

Every progressive society needs more of David Hundeyin and VDM than it needs of conformists who would easily kowtow before oppressors or clowns who dance for daily meals at oppressor's palace.

I used to respect you on this app, but sometimes your takes are dumb. Don't compare VDM to that riff-raff called David. He's not worthy of any accolades.

Let dog eat dog. Let the beasts devour each other! And then we shall pick the bones

Useless mods. Where's the live score on the front page?

.

ValarDoharis:
If 165,000 ballots were not authenticated by INEC, why should NNPP suffer for INEC's ineptitude unless they're accusing NNPP of smuggling in fake ballot papers

But Apc should suffer for Inec's inability to transmit to irev portal in real time

Mass hysteria. It's nothing but a superstitious believe. Good thing is Malam go sell, dem go buy him bitterkola finish 🤣

Toks2008:
Not just 2027...if found out, Tinubu will be impeached even if he can't use the evidence at the Supreme court.

This is why I laugh when I read comments from stark illiterates claiming to be Tinubu supporters.

I cringe at their folly and Ludicrous ignorance.

You people are seriously mad! Here was I thinking all these shenanigans from obidients will end at the judiciary. Una don start dey sing about impeachment 🤣🤣

Atiku is hoping to contest again in 2027 and he's using this petition opportunity to try and get hold of Tinubu's records in Chicago University. Probably hoping to get something he can use to disqualify him before the election

festacman:
The fact is that Judiciary's treatment of presidential election petitions over the years has always been about avoiding political crises rather than giving justice to petitioners. From Obasanjo, Yar'adua, Buhari and now Tinubu, the worry facing the judges has always been the likely effect of judgement on political stability of Nigeria. Of course, financial inducement or any other interferences may not be ruled out but the mindset of judges is that all politicians are the same and none is worth sacrificing the stability of the country for. Interestingly, in spite of favourable PEPT and Supreme Court rulings in 2014, late Umaru Yar'adua accepted that the election that brought him to office was not free and fair and consequently appointed Uwais committee to suggest ways of strengthening electoral process.

For example in Tinubu's case, outright cancellation wouldn't have solved any problem because:
- The acting president who would have overseen new election is Senate President Godswill Akpabio who is dependable Tinubu's ally.
- The same INEC team that organized the cancelled election would have organized the new election and even in the situation that another INEC chairman is required, Akpabio would still have power to appoint.
- The IG of police who would have overseen the security during the elections would have been a Tinubu boy with 100% loyalty
- Same for security chiefs who would have done everything possible to retain their offices as Tinubu losing means loss of job for them.
In other word, ordering a new election wouldn't actually solved problem except create political crises apart from heavy financial burden on the treasury.

This is why It is important to make uploading results from polling booths mandatory part of the INEC's transmission of results to the collation centre. Otherwise, the current "go to court" shenanigans will continue.

All you've put up there are just mere suppositions. Well, until the petitioners prove to the court they were rigged I don't think it's right to assume that the judiciary doesn't care about justice in presidential elections.

What is justice really? Because some people are crying about it? Or because a section of the public believe the election was rigged? Or you expect the court to find evidence for them? I don't understand, has Obi or Atiku in any way proven to the court that they won?

Let them prove that first and we'll see if the court will overturn the election or not. Then and only then we can talk about the judges not being interested in justice but political stability.

Abuja doesn't enjoy any special status

Even the judiciary cannot settle this matter. After the judiciary Obidients will have to go to God for settlement.

Clown 🤡. The Messi pass was a deliberate intention, 12 minutes extra time was deliberate, even the penalty shootout you wanted so badly saying your team have been trained by a volleyball coach on how to play them was rigged for Messi.

Eze nwannem