emmasoft:


You can go ahead, most dollar funds returns are in the range of 5.5 -7.5%. They all operate the same way because the underlying asset is majorly eurobonds.

However, in terms of initial deposits Norrenberger accepts less than $1,000 and also accepts naira deposits at a conversion rate slightly above the black market rate on the day of the transaction.

To open an account at Stanbic, kindly click the link on my signature and complete the online form.
You are free to contact me. See contact details on my signature.

emmasoft:


Yes, fixed-income fund, actually even balance fund or equity funds do but it requires that you be vigilant and know when to pull out.

alezzy13:


Ah. Oga they don't o. I would advice anyone going into such funds to be very wary.

I opened an equity based fund few days back and had been making some pretty impressive gains, but yesterday apparently the drop in share prices wiped out not just gains but part of my principal!! 🥺😣

alezzy13:


Ah. Oga they don't o. I would advice anyone going into such funds to be very wary.

I opened an equity based fund few days back and had been making some pretty impressive gains, but yesterday apparently the drop in share prices wiped out not just gains but part of my principal!! 🥺😣

ernie4life:
This year, try diversifying your investment to a more stable currency.

Explore balanced funds and equity funds this year especially if your investment horizon is between 1 to 2 years, they had an impressive performance last year and still hold lots of potentials.

Do something different this year in your investment journey and watch the results.

MMF is not the only mutual fund in the world!

freeman67:


Good afternoon House, if you are using Stanbic IBTC Asset Management be sure to regularly keep your records and Statements of account, please. I log in to my app almost every day and I see what happens there always. I checked daily throughout the holiday period because I wanted to add to my subscription but I did not generate and keep the statements.

I discovered my that the interest on my MMF account was debited in on 31 December 2023 but not credited to my account or reinvested. I sent them a mail in that regard but they did not reply so I had to call them.

They picked my call and couldn't tell me anything tangible than it was they credited me twice and this had to debit me. When I informed her that same happened in my other MMF account, she said it happened to all their MMF account. I instead mine was not correct from my observation and she asked for the proof/evidence that I don't have.


Also, last week made a deposit that was to be credited to my MMF account last week, the money was credited to my GIF account instead. That was their mistake not mine. Instead of them to just say sorry and rectify the problem, the kept lying and insisting that I made the payment to GIF collection account that was they credited it there. However, the transaction receipt is with me. On the receipt, my MMF account number is clearly stated in the Narration space and I rightly sent the money to MMF collection account. Mistakes are normal but why would you lie and insist on something you are not sure about instead of just rectifying the mistake.

I used to enjoy their services but now, I don't understand what is happening with them now again. This year, I will be downloading my statement at least monthly to avoid all these stories.

NL1960:


@freeman67.

Were you able to resolve this issue and also how was that of this January ending?. Mine was credited for January ending.

JEmma1:
I’m still in search of dollar funds investment. I was about starting Dollar mutual funds before I noticed that it can depreciate and eat into your capital. Please I need suggestions on which to go with.

emmasoft:


All dollar funds operates the same way except if you want to do dollar placement instead, it's similar to fixed deposit where you have a fixed rate for a specified tenor. Your capital and the agreed interest is guaranteed and paid to you at the end of the tenor.
Chat me up if you opt for dollar placement.

heavenisreal18:


Pls is investing in dollars now advisable considering the rate

heavenisreal18:


Pls is investing in dollars now advisable considering the rate

heavenisreal18:


Pls is investing in dollars now advisable considering the rate

Codevalley:
Why is the MMF rate still poor across board despite the increase in TB rate? .

vefexam:
Hello everyone.

I wish to invest with ARM investment, I wanna start with #500k for their money market and $1000 for there euro bond, as at when I made enquiries the rate for MM was 11% PA, i can't remember for the euro bond.

Please help advise.
emmasoft
ernie4life

emmasoft:


Here is my preference as per mutual funds:
MMF - Stanbic MMF curreently 11.73%
Dollar fund - Norrenbeger currently 9.2% (They accept less than $1000 and could accept cash at the point of deposit)
Fixed income fund - SFS Capital currently 11.02%

enque:
Biko where is the 11.73% cos I am seeing 11.19 on my app

emmasoft:


Here is my preference as per mutual funds:
MMF - Stanbic MMF curreently 11.73%
Dollar fund - Norrenbeger currently 9.2% (They accept less than $1000 and could accept cash at the point of deposit)
Fixed income fund - SFS Capital currently 11.02%

vefexam:


I really appreciate, thanks.

freeman67:



First of all I was using Stanbic IBTC alone before I had to start using United Capital and FBNQUEST. The last two are more transparent in with their interest pattern.

Stanbic has always maintained a kind complicated and deceptive interest pattern that customers will never understand. Before they will say it was daily. Later, they say it's monthly. Yet, it is not separate from the the principal. If you want to be transparent why not put interest space and principal space separate like FBNQUEST and United Capital. Then pay it out/reinvest it monthly if that what you desire

nues1769:


Hello, please I need assistance I opened a united capital account, but they are asking me for TIN number which I don't have, although I choose other options to continue the registration, please will this affect my investment if I want to withdraw my investment.

vefexam:


Thanks, as a young guy Omo I can't make the mistake my parents made.

I was just looking at my pension statement of account today lol.

The reason I choose MM was because of liquidity cos the money I am investing is both my emergency funds and savings, I will only have a little cash for day to day expenses.

Also I will send the questions over to MM for more answers.

ernie4life:


There is a better way to do that, you should be able to match your investments with a tenor that aligns to it.

Investing long term money is a short term asset is not the best way, because you could make way more.

But i respect your strategy.