donstevewrites:
just asking, between Stanbic IBTC Money Market Fund Tier 1 and 3 which is advisable to start with?

Tier 1 account
Minimum kyc requirement
Account can't have more than 200k
Maximum per deposit 20k
This account is for financial inclusion.

Tier 3 account
Full kyc documents required
No limitations/restrictions whether deposit or size of account
Investors can deposit any amount and the account can hold as much as billions.

Princkez:
okkkk...thanks for the information,thought it was ngx cscs

Follow the process as described above to open a NASD cscs account with Investment One.

Princkez:
thanks...the app is demanding for my cscs account no. so I can start trading and I already have cscs no...

If you already have a NASD cscs, u can supply it. please note the cscs required is not the cscs for NGX. At a point your stockbroker has a part to play. They will need to confirm your account through your stockbroker.

Princkez:
Please can one use NASD app for trading?

you can, but you need to first open a NASD cscs account with a stockbroking firm that have trading access on NASD.

You can open a NASD cscs account with Investment One. Click the third link on my signature to have a NASD cscs account. It's very important to indicate immediately you submit the online registration form to send a mail to customer care to inform them ypur application if for NASD.

emmaodet:


Okay.
Thanks.
I am investing a big part of my capital in it and just want to be sure I am on the safe side

Pa Emma said it all. Let's understand that to a very large extent the money in MMF is safer compare to what you have in MDBs so long as the fund manager and the product is SEC regulated. If commercial bank goes under according to NDIC, it's a max of 5m you have as guaranteed, but if a fund manager goes down you will only have a change of fund manager nothing happens to your investment. The former union trustees mixed fund is now with capital express with all investors' money intact.

Mayu77:



Hello pls can you share your broker contact details with me...I seriously need one

You can open NASD cscs account with investment one stockbrokers. Click the third link on my signature to register.

However, after submitting the form, kindly send a mail to the customer care to inform them that the registration is for NASD not for NGX.
This is very important otherwise by default they will open cscs for NGX or contact me with the phone number on my signature

SAK:
quantum securities is still very active now ....own by Jim ovia wife(zenithbank) ...never close down?

Quantum Zenith Securities is not the same as Quantum Securities, they are two different companies not related in any way. The Quantum Megaealth is referring to has closed shop as stated. They used to be around Alagomeji, Yaba before they went under.
I have helped some of their customers to move their stocks to Investment one. In fact one just contacted me this night for same purpose.

Gadgetking:
This new "auto save" feature on the stanbic MMF, what is it about pls? cc :emmasoft

As the name implies automatic save is a feature that enable you to automate your regular top up so that you don't need to be manaully doing transfer anytime you wish to top up. It's achievable if you plan to top up regularly at a particular date. it's just like giving your bank a mandate to make payment on your behalf.

leks4sure:
Hello everyone!

I wanted to transfer 10k dolls from my access bank account to Stanbic dollar fund account but the teller guy told me they will charge me USD93 extra for the transfer. I had to put it on hold.

I intend to invest this amount for 6 months to sort japa plans next year but I don't if it's worth investing it in Stanbic dollar funds or just keep it in my account till then.

Please house, how do I fund the Stanbic dollar mutual fund without paying thay exorbitant charges? Or any other advice?

Some Basic things about Dollar funds

Please note the following about the dollar fund in general the Stanbic and Norrenberger dollar fund in particular

- It's in the medium-risk category of mutual funds /investment

- it's not the same as MMF

- Your capital is not completely guaranteed as it's with MMF. That means one can lose capital but it's not common especially if you have a long-term view

- its price depends on the underlying asset which basically Eurobonds with varying prices

- the minimum holding period is 6 months.

- Everything about the investment is in dollars and must be by transfer.

- Having a long-term in view is the best way to benefit from a dollar fund.

- the major advantage is that it helps to hedge against inflation and devolution of local currency (naira)

I prefer the Norrenberger dollar fund because it has a better rate. currently 9.48% Stanbic is 7%+

Norrenberger also accepts dollar cash deposits.

They can also accept naira during the deposit, but the conversion rate is at their rate on the date of the investment.

Hopez456:
Hello Oga Emma, Can a third party make deposits into Stanbic MMF account quoting the account holder reference no even a newly opened account?

Yes, it's possible. However, ask the depositor to send you the transfer evidence and the account holder in turn send the evidence with the registered email to stanbic customer care.

In all your getting, get financial independence it will prevent a lot of troubles!

To Start your journey to financial independence with mutual funds or Stocks click the link on my signature or contact me.

In all your getting, get financial independence it will prevent a lot of troubles!

To Start your journey to financial independence with mutual funds or Stocks click the link on my signature or contact me.

missphumby:
is it safe to invest all my dollars in norrenberger dollar fund? please i need insights

Yes, it’s safe. Norrenberger is regulated by SEC. Chat me up for a guide and to get account opening form.
One of their unique features is that they accept cash deposit.

In all your getting, get financial independence it will prevent a lot of troubles!

To Start your journey to financial independence with mutual funds or Stocks click the link on my signature or contact me.

starbuck:




Good evening emmasoft...
Please how long does it take to open mmf for my 4 kids, I have sent the necessary requirements and filled out the forms for them since the first week of Sept but I ain't getting any satisfactory response. I used a 3rd party though

Opening account for both adult and minors takes 24hrs if no kyc issues.

I don't understand what you mean by 3rd party.
In any case you can chat me up. Check my signature for my contact.

vefexam:


So in summary, there is little to no point in investing in individual security classes... Just invest in MMF, since it's spread around individual security classes.

It depends on the mutual fund you are investing in. Mutual funds are classified base on the underlying assets. Most investors that don't have the time to follow up with the market and want professionals to manage their investment usually go for mutual funds.

Personally, I always advice my clients to buy individual stocks than investing in equity base mutual funds because it's the same risk that is involved. Mutual funds like MMF and fixed income are good because it's less risky and very convenient especially if you don't have bulk funds and one need to build the investment gradually.

KarlTom:
TOE way

100% Full Bid

With this loud annoucement, If UBA no enter full bid, it will be one of the 8 wonders of the world.

megawealth01:


Tony is definitely upto something believe me

Seems he dey target that Forbes list wella

No bi only Tony o. all of them wey never enter dey target the list even some folks here dey target am.

vefexam:


I usually recieve that...

As Hogwarthtrades said and i quote, "BE mindful to check the quality of the mutual fund to avoid duplication. It will seem counterintuitive if buying a mutual fund that has same stock as what you have in your stock portfolio and or your fixed income basket (Treasury bill , FGN savings, Bonds, etc)"

I tot i could know (from norrenberger July Dollar fund stats) which kind of Corporate Eurobonds 25.77%, Sovereign Eurobonds 48.97% etc makes up that percentage allocation to avoid duplication.

The funds factsheet is always reported in that format from all fund managers.

Please note, when it comes to mutual funds the returns is combination of all the returns of the underlying assets. Mode of operations, payment of returns from mutual funds and individual stocks or bonds differs.

For example a balance fund that has stocks, money market instruments or even real estate cannot be having same returns as in buying an individual stock or bonds, again, the returns are not paid the same time, Mutual funds have a particular time of returns payment, if for example you have GTCO as a stock, and the mutual funds you are invested in has GTCO plus other assets, you would have receive an interim dividend from GTCO but the fund where GTCO is an underlying assets will still pay dividend say by December or anytime specified for dividend payment.
The truth is that most of the assets that you judge to be good enough to invest in is the same assets that fund managers go for with little or no difference depending on the overall objectives and nature of the particular fund.

ice234:


I am still looking for a stockbroker that can deal on the OTC market. Stanbic has been with my mandate for 2 weeks. However, I am seeing trades going on.
I don't like Morgan

Come onboard with Investment One stockbrokers.
Click the 3rd link on my signature to start.
After completing the form, Kindly send a mail to customer care indicatiing that the registration is for NASD account because the requirements and the form for both NGX and NASD are the same, hence you need to indicate because the system takes NGX as the default registration if no indication.

vefexam:


Is it possible to get the break down of a mutual funds underlying instruments ie what kind of Treasury bills, deposit funds etc?

By the time you register and invest, you become a customer of the fund manager and as a customer, the funds factsheet will be sent to you at the end of every month, in that document you will see the percentages of the different underlying assets that make up the fund.

olig:
Please, is it possible to have two mutual fund accounts (particularly for MMF) with a manager? Specifically for Stanbic IBTC and FBNQUEST.

If yes, will I need to fill separate and/or new forms?

Thank you.

It's possible. Check also the answer to someone that asked similar question. Check page 335 that was 20th Sep. post.

Obinnau:
dear emmasoft, Please what is the current rate for Norrenberger dollar fund?

Find attached the current rates for all the different funds under Norrenberger.

The account opening form for the different products is also attached.
You can contact me if you need more details.

Use All in one medium to earn more

Click the third link on my signature to start.

Use All in one medium to earn more

Click the third link on my signature to start.

Use All in one medium to earn more

Click the third link on my signature to start.

coolestDre:


Noted. This redemption form can only be gotten in Stanbic bank? Or can it be accessed online?

You can download it from the Stanbic Asset Management website or send a mail to customer care asking for the form.

Regarding mutual funds, don't always equate Stanbic bank with the Asset management arm of the Holdco. They will indeed tell you to go to any Stanbic bank branch to get the services you need, sincerely if you want to get prompt and good service deal with the Asset management arm directly. Some of the bank staff may not even understand what you mean sometimes when you decide to go through the bank for anything relating to mutual funds. Most times you can even get what you need faster on this thread than going to a Stanbic bank branch.

Susantice:
Am having issues trying to register someone online. At the end of it won't let me submit the final stage. Something pops up at the right saying, Eror [Object Object]

Any idea will help

This has to do with javascript and display issues. You can use a different browser or wait, by Monday give them a call to ask if they received your application because your application may have been submitted, it's just a display issue.

enque:


Redemption limit should be per withdrawal
Abi no be so? @emmasoft

This is how it works:

For the app, the withdrawal limit is 1m
On the web portal, it's also 1m by default but you can increase the withdrawal limit to 5m max.

Using the redemption form, it's unlimited. With the form you can liquidate your investment even if it's in hundreds of millions.

So, the amount involved often determines the channel to use for the redemption.

Polchiz:

Why is FBNQUEST MMF yield historically higher than that of Stanbic IBTC?

Rates of MMFs are valued daily and depend on the valuation of the current underlying assets. They all vary and are always in the same range with about 1 to 1.5% difference in most cases, which could be more or less. It's not always a case of one higher than the other. The one that seems higher now can get lower in another period.
Basically, MMF rates are always in a range across the industry.

Blacklistwalker:
Hello, Is there any complain/delay on Treasury bill. I just want to know if I can go ahead and subscribe or I hold my money in peace.

Read up on what treasury bill investment is all about, it will help you make an informed investment decision.
An investor's mind is always at rest if he invests in what he knows and understands how it works.

Another Quarter ends in 10 days

Don't let those eating their fruits make you eat your seed.
Be wise!
Plant your seed now. (Invest no matter how small)
You will get your fruits (interest/dividends) in due season