BolaAdetoro:
What is the least amount that can be invested in the dollar fund?

$550

Good morning.

Please, if I want to fund my mutual funds account, can I use any bank to do transfer other than the one I registered?

Good morning. Yeah, you can transfer from any bank but make sure you include your e-account number (***) as your narration / reference during transfer.

BolaAdetoro:
Good morning.

Please, if I want to fund my mutual funds account, can I use any bank to do transfer other than the one I registered?

Make I chop belleful first

emmasoft:

No matter the economic situation spare some cash for investment. It pays!

enque:
Make I chop belleful first

belle sef no Dey gree full na to just caution the the belle make e allow some cash remain for investment

Some Unique Features of Norrenberger Dollar Fund (NDF)

1. Accepts Naira Deposit
2. Accepts Cash Deposits in Dollars.
3. Quarterly dividend payment with the option of reinvestment.

Chat with me when you are ready to start or use the attached registration form

emmasoft:
Some Unique Features of Norrenberger Dollar Fund (NDF)

1. Accepts Naira Deposit
2. Accepts Cash Deposits in Dollars.
3. Quarterly dividend payment with the option of reinvestment.

Chat with me when you are ready to start.

This is nice

emmasoft:
A very good alternative to tbills is Money Market Fund.

SOME REASONS WHY I WILL PREFER MMF ARE:

You can start mmf with much lower amount compared to tbills. With 5,000 you can start investing in Coral mmf. The least for tbills is 100k.

When rate increases, it will not affect already invested funds in tbills but it does with mmf

You can't top up with tbills. Top up is very possible with mmf even if you want daily top up.

Terminating before tenor expiration in tbills comes with penalties. For mmf after just 30 days, exit is without penalties.

mmf has other instruments like commercial papers that contributes to its rate.

You can easily automate reinvestment of interest in mmf ie taking advantage of the power of compound interest.

It's the investor that determines mmf tenor hence you can hold mmf as long as you wish no restrictions, tbills particularly primary auction has fixed tenors 3 months, 6 months or 1 year.

Right now mmf rates is on the rise.

CORAL MONEY MARKET FUND

Coral money market fund as the name implies is a mmf

Principal underlying asset is treasury bills and commercial papers hence there is little or no risk at all. You can only lose money if the country no longer exist.

The interest is daily valued. It's currently 11.56% and it's upward looking base on economic realities right now – MPR 15.5%. Interest can't be fixed because of market forces on tbills but be rest assured there will always be interest and your capital is guaranteed.

If you are conservative with a low-risk appetite then Coral mmf is best for you.


You earn interest daily but it's paid every quarter on the first day of the next quarter ie Jan 1st, April 1st, July 1st, and Oct. 1st. You can also give instructions for your interest to be reinvested (compounding) which will be done automatically or for monthly interest payment.

Your capital and interest are guaranteed.

The minimum holding period is 30 days and the initial deposit from 5,000.

Parties to the fund:

Fund manager – FSDH Asset Management
Trustees: UTL trustees
custodian: UBA
regulator: SEC

You can do everything online- register and monitor your account.

Depositing money is not restricted it can be any amount and at any interval without a specific pattern.
Whenever you invest in the fund, your interest is prorated to cover the period of your investment before the payment date.
That means if you register and invest say 17th October 2022 you will be paid interest from 17th to 31st of December 2022 on 1st of January 2023 for that period and continues till another payment date.

You can invest in Coral money market fund with the current rate of 11.56%

To open an account, click on the link on my signature/contact me.
KYC requirements for online registration are:
- Passport photo
- Utility bill not older than 3 months, other documents you can use in place of utility bill are: NIN if you didn’t use it as your ID and the front page of your signed bank account statement.
In any of the cases, the address on the utility bill or any equivalent should be the same as what you indicated on the registration form.
- ID card can be any of these - national ID, driver’s license, voters card, Int’l passport
- your signature
you can also reach me with the phone number on my signature if you need for clarification.

I came across this post of yours about FSDH coral fund.
I am wondering if interest is on daily basis, why will they be keeping it and then paying every quarter.

Also the interest that enters for others like IBTC is on daily basis. Eg if I have 100,000 naira today, by next day I am seeing N100,054. Now when the second day interest is being calculated, will it be based on the initial 100k or the 100,054 I already have in my account

vacanci:


I came across this post of yours about FSDH coral fund.
I am wondering if interest is on daily basis, why will they be keeping it and then paying every quarter.

Also the interest that enters for others like IBTC is on daily basis. Eg if I have 100,000 naira today, by next day I am seeing N100,054. Now when the second day interest is being calculated, will it be based on the initial 100k or the 100,054 I already have in my account

@vacanci though I no longer sell for FSDH, the way all MMF works except Stanbic is that your interest is accrued daily and it's paid/reinvested at the end of every quarter, even Stanbic that reinvests at the end of every month pays accrued interest every quarter.

For all MMF except Stanbic, if you pick reinvestment, will not pay interest on the accrued interest but rather on your capital. Your interest will start to earn after the reinvestment is done at the end of the quarter. Using the example you gave, interest will be paid on 100,000 even if your balance shows 100,054. The reason your accrued interest is included in your balance is to let you know that should you wish to terminate your investment, it's what is in your balance that will be paid to you provided your capital has been invested for up to 30 days otherwise you get your capital and less 20% of the accrued interest.

Currently, I'm with Investment One for stocks, Stanbic and Norrenberger for MMF, and Dollar funds and SFS Capital for fixed-income fund.

emmasoft:


@vacanci though I no longer sell for FSDH, the way all MMF works except Stanbic is that your interest is accrued daily and it's paid/reinvested at the end of every quarter, even Stanbic that reinvests at the end of every month pays accrued interest every quarter.

For all MMF except Stanbic, if you pick reinvestment, will not pay interest on the accrued interest but rather on your capital. Your interest will start to earn after the reinvestment is done at the end of the quarter. Using the example you gave, interest will be paid on 100,000 even if your balance shows 100,054. The reason your accrued interest is included in your balance is to let you know that should you wish to terminate your investment, it's what is in your balance that will be paid to you provided your capital has been invested for up to 30 days otherwise you get your capital and less 20% of the accrued interest.

Currently, I'm with Investment One for stocks, Stanbic and Norrenberger for MMF, and Dollar funds and SFS Capital for fixed-income fund.

I have stanbic MMF. I am trying to see if I can open another account with another fund manager because when I might be needing my money liquidated from stanbic, the app will not allow above N5 Million per day which is the maximum for the day. I don't want to spend the whole of 5 days to be liquidating small small because the opportunity I need the money for may pass me by.
I understand if I sent request by other method part from online redemption, I could get the money in one piece but it will take up to 5 business days. This will also mean I could miss on an opportunity which may not last more than 3 days in waiting.

What's your thoughts on this

vacanci:


I have stanbic MMF. I am trying to see if I can open another account with another fund manager because when I might be needing my money liquidated from stanbic, the app will not allow above N5 Million per day which is the maximum for the day. I don't want to spend the whole of 5 days to be liquidating small small because the opportunity I need the money for may pass me by.
I understand if I sent request by other method part from online redemption, I could get the money in one piece but it will take up to 5 business days. This will also mean I could miss on an opportunity which may not last more than 3 days in waiting.

What's your thoughts on this

It's not a bad idea to have more than one fund manager. It's advised so that there could be an alternative if there is any issue with one.
You can do SFS fixed income fund or Norrenberger MMF. They both operate the same way but reinvestment is at the end of each quarter, unlike Stanbic which is monthly. You can chat with me if you need further guidance.

CHEAPER THIRD PARTY INSURANCE
In association with Norrenberger as a group,
I got some privileges. Talk to me if you need cheaper third-party insurance

I'm here to help. See my contacts on my signature.

I did a top up on my investment on Monday and up till today the investment is yet to reflect in my account...have sent mail, called customer service...


They keep saying close of business it will reflect but still yet to reflect

Please who have experienced this or is experiencing such from standic mmf

David6956:
I did a top up on my investment on Monday and up till today the investment is yet to reflect in my account...have sent mail, called customer service...


They keep saying close of business it will reflect but still yet to reflect

Please who have experienced this or is experiencing such from standic mmf

That's quite unusual. After top up, It always reflect in my account at every end of the day

David6956:
I did a top up on my investment on Monday and up till today the investment is yet to reflect in my account...have sent mail, called customer service...


They keep saying close of business it will reflect but still yet to reflect

Please who have experienced this or is experiencing such from standic mmf

Scenarios that could bring about delays in deposits reflecting in investors' accounts.

- Transfer made from a third party's account whose account name is different from the investor's name
- When the e-account number was not used as narration or description
- Card payment
- System glitch at the time of payment.

[color=#006600][/color]i have sent the receipt of the transaction through mail.. e account number was capture,

my first payment was done the same was i did this one

emmasoft:


Scenarios that could bring about delays in deposits reflecting in investors' accounts.

- Transfer made from a third party's account whose account name is different from the investor's name
- When the e-account number was not used as narration or description
- Card payment
- System glitch at the time of payment.