amosfunmi:
Good evening all,
can someone please help me with the GTB ussd code to top up my investment one Abacus acct. Thank you

Redoil:
It seems that union trustees mixed fund have disappeard into thin air.
Though it has changed different mangers with the last manager being cdl asset.
As for sterling registrar, they have removed it from their website.
What can i do to get my money back
Ernie4life ur attention is needed here

ernie4life:


Yea both capital and interest is gguaranteed.the interest rate is 10%

ogmask:


Hello Brother,

please can you shed some light on the newly launched ARM eurobond fund?

ernie4life:


ARM launched their euro bond fund sometime in February 2020, so for now there is no historical performance to quote but from their expectations the believe it will give returns higher than your normal dorm account or dollar fixed deposit.

The beauty of all Eurobond fund includes
Professionally managed
More liquidity that Eurobonds
Low Entry amount( ARM should be $1,000 am not sure)
Flexibility ( easy entry easy exit)

Its a good offer if you ask me but please ensure you get first hand information from the fund manager,
ask all the question that needs to be asked before you invest.

ogmask:


Thanks brother.
Did some research on it a while ago but still confuse on the exact ROI per annum.

ernie4life:


I think their forecast is between 4-5% or so

Pr0cter:
Please what's the problem. Why is Stanbic IBTC MMF doing at 5%.


Someone should explain to me what's happening. It use to be at 12% as at December

emmasoft:


Are you saying that the current economic realities does not affect not affect VGIF? In what way(s) is VGIF isolated from the current economic realities?



Rates are down vis a vis Tbills rates which in turn shows the current economic realities of the country. So the problem is not really peculiar to IBTC though there are some MM rates slightly higher. In generally, almost all if not all MMFs are on single rates as at today. As a way to diversify, You can invest in VGIF manage by investment one which is another form of mutual fund in the fixed income category. Check my signature for more details.

Pr0cter:
Please what's the problem. Why is Stanbic IBTC MMF doing at 5%.


Someone should explain to me what's happening. It use to be at 12% as at December

emmasoft:


Rates are down vis a vis Tbills rates which in turn shows the current economic realities of the country. So the problem is not really peculiar to IBTC though there are some MM rates slightly higher. In generally, almost all if not all MMFs are on single rates as at today. As a way to diversify, You can invest in VGIF manage by investment one which is another form of mutual fund in the fixed income category. Check my signature for more details.

A305:
Too much money supply in the money market with few demand. That is what is happening.

This means; The Nigeria economy at present is very healthy and stable.

Pr0cter:



Hmm really, I taught the stability of the economy should plummet the MMF interest rate?

A305:
It works like a ripple effect. A viable/healthy economy funds itself but non healthy/unstable economy borrows money to keep economic activities going.

Now think of these financial instruments such as Tbills, bonds, stocks etc as being in parnership or lending to real players investors to keep business going - when profit is made, they pay you back in interest percentage as agreed.

Pr0cter:


They were paying me back with an interest rate of 12% per an um last year. Your assertions isn't convincing enough

Pr0cter:


They were paying me back with an interest rate of 12% per an um last year. Your assertions isn't convincing enough

A305:
let's assume I am totally wrong, so why did the percentage change from 12% last year to 5% first quarter of this year?

Dsticks47:

Dial *737*50*Amount*83# and provide your Abacus customer number

amosfunmi:

Thanks

pimpo:


Please can you explain how VGIF works? It appears not be like a money market fund in terms of accrual of daily yield. The daily price list available on investment one's website states that yield has been around 10% but an investment of 5mil has brought just 5k after a month. Kindly enlighten me. Thanks.

amosfunmi:
Good evening all,
can someone please help me with the GTB ussd code to top up my investment one Abacus acct. Thank you

Phranky1:

Dear Pimpo,

Has the below issue been resolved?

Please advise those waiting to invest?

A305:
It works like a ripple effect. A viable/healthy economy funds itself but non healthy/unstable economy borrows money to keep economic activities going.

Now think of these financial instruments such as Tbills, bonds, stocks etc as being in parnership or lending to the real BIG players investors to keep business going - when profit is made, they pay you back in interest percentage as agreed.