misskenny:

i invested in d Heritage fund

misskenny:

i invested in d Heritage fund

carpenter:


In the 2 years you have been with them, they have paid dividend twice...FY13 was 10 naira per unit and FY14 was 11 naira per unit.

Not sure what the price of each unit was when you bought into them... I would like you think you may have received dividends in the range of 15-20% over the 2 year period (7.5k - 10k) and some price appreciation. My advice, get in touch with them (info@fbncapital.com) and request for realtime access to your account then you can take it from there.

misskenny:

thank u, i'll do just that. God bless u guys

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

ernie4life:



Investment one VGIF formerly KGIF offers 11% net of any amount invest with clause of you earning more 35% depending on the yield. The advantage of this over the rest is that the interest is gurranteed while the other funds a mentioned the rates are not gurranteed.
http://investment-one.com/index.php/products/vgif

That will be all for now, choose wisely

praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards

ukay2:




Please why is Investment One financial services Ltd not given me my e certificate of my VGIF investment after 1 month... Both my account officer and my mails to their customer care proved unsuccessful.. Can you help me get the e- certificate?

ernie4life:


when and where did you invest?
have you tried sending a mail to customer care requesting for your statement (not certificate) ? if you haven't do that, if that doesn't work let me know

ernie4life:


when and where did you invest?
have you tried sending a mail to customer care requesting for your statement (not certificate) ? if you haven't do that, if that doesn't work let me know

ukay2:


I have sent several SMS to the customer care and my account officer to no avail until a minute ago, a customer care called me, informing me that some technical issues are delaying my getting my statement.....

How can I change my account officer? Am not satisfied with him....name withheld....I will call him and send sms several times for enquiries, he has not even reply my mails nor call me.... Is very annoying.

Someone in this thread complained bitterly about poor customer care of investment one financial services Ltd, I think I agree with him..
You guys have to SERIOUSLY IMPROVE ON YOUR CUSTOMER CARE.

PLEASE DON'T REPORT ME IN YOUR OFFICE OOOOO

Really Stanbic is my best for now.

ukay2:


I have sent several SMS to the customer care and my account officer to no avail until a minute ago, a customer care called me, informing me that some technical issues are delaying my getting my statement.....

How can I change my account officer? Am not satisfied with him....name withheld....I will call him and send sms several times for enquiries, he has not even reply my mails nor call me.... Is very annoying.

Someone in this thread complained bitterly about poor customer care of investment one financial services Ltd, I think I agree with him..
You guys have to SERIOUSLY IMPROVE ON YOUR CUSTOMER CARE.

PLEASE DON'T REPORT ME IN YOUR OFFICE OOOOO

Really Stanbic is my best for now.

ifyalways:

12% and 3 months max payout? That's far fetched, IMO. If however you see one, do share with us.

purpose08:
hello i have read a large part of this thread everybody seem to be talking about money that can be made. i want to know if you can loose money with mutual funds! i'm new to the whole thing i'm looking to invest with FBN MMF They are offering 13.8% currently could someone explain to me what could happen if i choose to invest 5,000 there how much do i get as dividend? and how much could i loose say it didn't work well. can i loose all 5,000? thanks

purpose08:
hello i have read a large part of this thread everybody seem to be talking about money that can be made. i want to know if you can loose money with mutual funds! i'm new to the whole thing i'm looking to invest with FBN MMF They are offering 13.8% currently could someone explain to me what could happen if i choose to invest 5,000 there how much do i get as dividend? and how much could i loose say it didn't work well. can i loose all 5,000? thanks

purpose08:
hello i have read a large part of this thread everybody seem to be talking about money that can be made. i want to know if you can loose money with mutual funds! i'm new to the whole thing i'm looking to invest with FBN MMF They are offering 13.8% currently could someone explain to me what could happen if i choose to invest 5,000 there how much do i get as dividend? and how much could i loose say it didn't work well. can i loose all 5,000? thanks

carpenter:


All these pple with 5,000 naira (movie tickets and popcoorn for two) that want you to do calculations sef... I will try and explain and am in a very humorous mood so bear with me.

I think what you have done is about right, no matter how small your money is, you should do proper risk assessment and ask when in doubt (try not to overthink it though).

The rate (13.8%) changes from time to time, it could be 14%, it could 12%. However, it has not been lower than 10% in 3 years to my knowledge...

The rates are yearly rates but calculated on a daily basis but that does not mean you will get 13.8% every day or month. There is a calculation to convert those rates but lets not bother ourselves with that. Let us make a fair assumption that over the course of a year, the average yield for FBN MMF is 12%. It means you make 12% on your 5,000 in a year, or approx. 1% on your 5,000 every month and you can take it futher by saying you make approx. 0.033% per day if they use 30 days in a month or 0.022% per day if considering a 22 working days in a month.

Consequently, in a year you make 600 naira profit, a month you mke 50 naira (it is painful to go further on 5,000naira) but am sure you get the gist.

Yes, you can lose all if the Stock Exchange, Bonds market and the Federal Government collapses or the world ends. Thats seems fair I believe...lol. The company is backed up by FBN Holdings and regulated by SEC as mentioned by Ernie and they invest is bonds, equities and other securities so unless there is a catastrophy you are safe as far as loosing all is concerned...Can you lose some, possible but unlikely.

If the above seems complicated, scratch that...here is a summary

1. On your 5,000 you make about 50 naira every month
2. Your capital is secure, low risk of losing it
3. Start now and do not over think it

I bill my clients per hour and your bill for the above is 10,000 naira

purpose08:


okay i think i get a clearer picture now if i'll be investing i definately won't invest just 5k i just thought 5k will make it easy to explain. you said it unlikely i loose a part of it my principal. i just wanna know how much "UNLIKELY" that is. if you don't mind you could use yourself as an example have you ever lost a part of your principal to MMF if Yes about how many percentage of your principal did you loose. thanks so much carpenter for your time and about your 10,000naira i'll put it in a MMF for your lol

yak:
it marvels me d volume of info guys give out here free of charge. am highly impressed. I dnt know y I paid schl fee in univ for 4+ yrs, I for invest dat money in Nairaland

ukay2:




Lol


I have learnt a lot more than what I learnt in school especially in investment thread.

As a medical doctor, most of my bankers friends are not well informed the way am informed through info from investment forum in nairaland.

Many thanks to all those that put in their effort in educating us .

carpenter:
IMO it has to do with interests...some people don't enjoy the number game even though they read courses related to managing numbers or work in an industry that requires dealing with numbers. Also, be ready to be involved in a discussion where you say something and a banker says something contrary and everyone thinks due to the nature of his job, he must be right. Information is key and the more the give out; the more you get...call it positive reinforcements