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Re: Mutual Funds by iaatmguy(m): 4:31pm On Aug 22, 2019 |
first bank be doing like they are customer friendly, requested part of my investment yesterday, received it today. |
Re: Mutual Funds by nna777: 5:09pm On Aug 22, 2019 |
tolajay: There can be no average interest over that amount of years due to the dynamic nature of the economy and other factors that influence ( oil price, FPIs, CBN monetary policy etc). |
Re: Mutual Funds by nna777: 5:13pm On Aug 22, 2019 |
rationalmind: Even up till now. Let's give them till next week. If you contact them, it will still be their usual alibi. |
Re: Mutual Funds by Nobody: 8:07pm On Aug 22, 2019 |
nna777: They sent a mail on it earlier in the day. Maybe they saw my post 1 Like |
Re: Mutual Funds by Ias1: 8:12pm On Aug 22, 2019 |
Hello House, how does one get the log in details to monitor his investment in Stanbic app? |
Re: Mutual Funds by eleojo23: 8:30pm On Aug 22, 2019 |
Hello, I have read some pages of this thread but I have a question. Let's say one invests 500k in Stanbic MmF today, what's the daily interest like? Sorry if this is a 'novice' question. |
Re: Mutual Funds by nna777: 9:15pm On Aug 22, 2019 |
rationalmind: please what was the content of the mail as I didn't receive any. Abi is the mail only for those with investments of #1billion upwards? |
Re: Mutual Funds by Nobody: 9:21pm On Aug 22, 2019 |
nna777: Haha, no make me laugh abeg. If I get 1bn, I won't have time for nairaland "Dear Customer, Please accept our sincere apologies if you have experienced some difficulty while accessing our digital platforms recently. We regret all inconveniences caused and are working overtime to restore normal service as quickly as possible. If you have any concerns or wish to get in touch with us, kindly contact our 24/7 Contact Centre via: Email: ccare@axamansard.com 1 Like |
Re: Mutual Funds by igbizen(m): 11:34pm On Aug 22, 2019 |
Logging into my stanbic app is problematic today. Anybody with same challenge? 1 Like |
Re: Mutual Funds by Nobody: 12:04am On Aug 23, 2019 |
igbizen: Same here but i was able to log in at about 11pm |
Re: Mutual Funds by emmasoft(m): 9:02am On Aug 23, 2019 |
eleojo23:Let's assume the rate is 12%. Interest for one day = 500,0000*12*1/100*365 which gives you N164.38 ie simple interest divided by 365 days 2 Likes |
Re: Mutual Funds by Daddybomboy: 9:18am On Aug 23, 2019 |
emmasoft: So for a whole year, the interest on 500,000 is 59,998.7? He'll get 559,998.7 at the end of the year??! Very poor if you ask me |
Re: Mutual Funds by emmasoft(m): 10:18am On Aug 23, 2019 |
Daddybomboy:You think so? then take your money to the bank and do fixed deposit I am sure you will be well guided thereafter. 6 Likes |
Re: Mutual Funds by igbizen(m): 1:32pm On Aug 23, 2019 |
How can a bank be so cruel, giving me 6% for 91 days fixed deposit of 5M. They will hear from me next week. |
Re: Mutual Funds by olujaidi: 1:44pm On Aug 23, 2019 |
igbizen: You should have known better. You follow the NTB thread don't you? |
Re: Mutual Funds by eleojo23: 2:01pm On Aug 23, 2019 |
emmasoft: Thanks for the explanation |
Re: Mutual Funds by igbizen(m): 4:29pm On Aug 23, 2019 |
olujaidi:I normally leave a certain amount on FD for emergency investments. Any money I put in TB is permanent savings. |
Re: Mutual Funds by igbizen(m): 4:44pm On Aug 23, 2019 |
olujaidi:Before now it use to be 10%. They just dropped to 6%. |
Re: Mutual Funds by olujaidi: 4:51pm On Aug 23, 2019 |
igbizen: Maybe the sum invested was less than 1m. An MMF is still a decent option provided they credit you same day |
Re: Mutual Funds by Daddybomboy: 6:00pm On Aug 23, 2019 |
emmasoft: My point is, I'll start a business with 500k and in 12 months, I'll have over 3 million naira in cash/assets (excluding OPEX) |
Re: Mutual Funds by emmasoft(m): 6:48pm On Aug 23, 2019 |
Daddybomboy:Note that investing in Mutual funds and operating a business are two different money growing windows and each serves its purpose hence you hear such slogans in investment environments "spread your risk" The usual thing is: low risk low returns and vice versa. Even in business. All businesses carry their risks and with different level of returns. The usual safe practice is to venture into an investment that your risk appetite can take. 13 Likes |
Re: Mutual Funds by olujaidi: 7:16pm On Aug 23, 2019 |
Daddybomboy: For a business owner, it might be best to see it as a savings plan or business/personal emergency fund. I understand you have alternative uses for your funds and you know how to manage the risks in your business but you need a fallback because you cannot foresee what can go wrong. You might also have future capital outlay for machinery or vehicles for which you need to set aside funds periodically instead of running upandan to raise funds when the time comes. 7 Likes |
Re: Mutual Funds by Etfash(m): 7:58pm On Aug 23, 2019 |
Daddybomboy: You are talking about 500% profit in 12 months! What legal business is that? 3 Likes |
Re: Mutual Funds by grosy: 9:22pm On Aug 23, 2019 |
pls if I invest 500k in a yr wit mmf what is my intereste for one yr |
Re: Mutual Funds by seyisanya(m): 10:33am On Aug 24, 2019 |
Hello great minds, I belong to a club of group of friends(Old Students) and we are looking at possible ways of investing the club funds in low-to-no risk investment vehicle and Mutual Fund comes to mind. We have a structure in place whereby we rotate leadership positions(Treasurer, President, Vice President etc). How would you advise we go about Mutual Fund investment and still adequately put proper checks and balance in place for accountability purpose? Your responses will be highly appreciated. |
Re: Mutual Funds by elvisscientist(m): 11:03am On Aug 24, 2019 |
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Re: Mutual Funds by yemkaf(m): 6:39am On Aug 27, 2019 |
Has anybody use I-Invest here before if yes, what did you see about there platform. I think they promise a very good interest rate on there treasure bills packages. Please for those that have been using the platform what can you say about them? |
Re: Mutual Funds by henrinco(m): 1:33pm On Aug 27, 2019 |
Please does FBN quest have account number so that one can Transfer money for mutual funds? |
Re: Mutual Funds by bikerboy1(m): 2:18pm On Aug 27, 2019 |
henrinco: I need the account number too to top up via online transfer. I heard it is faster this way |
Re: Mutual Funds by tolajay: 2:31pm On Aug 27, 2019 |
What’s the best way to add funds to the FBN MMF portfolio? |
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