FrankTalk1:
I have MMF account with stanbic IBTC, If I want to also diversify into other types of mutual funds like Balance fund, equity funds etc, do I need to open a new mutual fund account for each of the type of mutual fund or can the various fund types be linked together to the existing mutual fund account I have with them?

teegurl02:


You don't need to open a new mutual fund account . Just log into your existing mutual fund account , there is a link that says buy mutual funds, click and it will take you to other types of mutual fund you can subscribe to. You can finish the entire transaction online and you'll get an email that effect. Hope that helps

ositadima1:
Hi, is there any mutual funds that invests in foreign stocks like the USA stock market? Is it even possible to invest in a foreign stock market from Nigeria?

elijah101:
Can One do a top up into His or her Stanbic MMF account on weekends

dotcomnamename:



Lol. This is not MMM O! Mutual Funds and Treasury Bills are the best. They're not MMM O! In addition, nobody lose their money, the delay can never result to investors not getting their money. It has never happened and it will never happen. So et your fact right O! We only complained of slow communication and its normal. Don't even compare MMF to MMM

elijah101:
Can One do a top up into His or her Stanbic MMF account on weekends

elijah101:
Can One do a top up into His or her Stanbic MMF account on weekends

ositadima1:
Hi, can some one live off dividends from stocks? On average what is the dividend yield as a percentage of investment? I guess if I had 10 millions in a good stock, yearly return may not be enough to live on.

dotcomnamename:



You mean having like 10 Million Naira on Mutual Funds like ( Money Market Fund ) ?

ositadima1:


Yes sir, would it be a good idea

ositadima1:
Hi, can some one live off dividends from stocks? On average what is the dividend yield as a percentage of investment? I guess if I had 10 millions in a good stock, yearly return may not be enough to live on.

emmanuelewumi:


People live on dividends, it depends on how long you have been investing and reinvesting.

N10 million should give you a dividend of between 500k to 1.2 million depending on the stock, you also have the possibility of earning between 0% to 200% capital appreciation.
It is a knowledge based investment, and one needs to be informed and knowledgeable about finance, economy, business, entrepreneurship, political economy, management, strategy, management etc.

I recommend naira cost averaging and equity mutual funds for newbies.

confluence:
Hello sir, happy new year
What do you mean by this statement +234 705 877 4815

emmanuelewumi:





The answer was directed to the guy who wanted to live on the returns from his stock market investment, that was why I recommended equity mutual fund to starters.


You can google dollar cost averaging or naira cost averaging.

Ugosample:
So I opened the online account for stanbix mmf....

The terms and conditions stated that I cannot do pass 250k, and I made the necessary payment using the quickteller/interswitch platform.


What is the next step to take please

IamZod:
OK. So registered for Stanbic MMF just December last year.
But I'm trying to redeem some funds due to some pressing need, but it says I can't redeem funds now.
What do I do please?

Ugosample:
So I opened the online account for stanbix mmf....

The terms and conditions stated that I cannot do pass 250k, and I made the necessary payment using the quickteller/interswitch platform.


What is the next step to take please

IamZod:
OK. So registered for Stanbic MMF just December last year.
But I'm trying to redeem some funds due to some pressing need, but it says I can't redeem funds now.
What do I do please?

Kemade2007:


U have to wait for 30days or redeem with penalty

texas1:


That is true. If you want to go higher than 200-250k, you need to visit any of their branch with means of identification and complete the KYC process.