carpenter:


Just to add to the above.

When someone offers you a mouth watering deal here, check their previous posts...chances are that the account is new and the individual has been spewing the same shit everywhere.

That been said, there are businesses that can make you 100% on your money in a month but may not be sustainable each month. There is no limit to how much you can make in reality. A typical example is buying and selling...and you can be Dasuki's cousin and make 100000% for helping him polish his shoes. lol

I like it when investors have a good sense of humour

Hello and complement of the season.. I was wondering If I should invest 100k in kgif how much would be my interest in the first 6 month? plus will I b able to get my full principal back incase I wish to opt out?
thanks as anticipate ur candid response. thank u

Phinity318:
Hello and complement of the season.. I was wondering If I should invest 100k in kgif how much would be my interest in the first 6 month? plus will I b able to get my full principal back incase I wish to opt out?
thanks as anticipate ur candid response. thank u

Principle is guaranteed at all times.
at 11% which the current rate you will make 5500naira in 6months time if you invest 100k

ernie4life:


Principle is guaranteed at all times.
at 11% which the current rate you will make 5500naira in 6months time if you invest 100k

are there no longer investment company with 10% on investment if it long or short term while 5% of ur dividence will be paid to ur account the other 5% will be added to ur capital please help me with the full name of kgif

wisemanj:
are there no longer investment company with 10% on investment if it long or short term while 5% of ur dividence will be paid to ur account the other 5% will be added to ur capital please help me with the full name of kgif

I didnt get your question, KGIF means kakawa Guaranteed Income fund, but the name has changed to VGIF meaning Vantage guaranteed Income fund

Gurus in the house... Please how can I present my investment with FBN capital as a financial document for visa application? Because the only document I have is the deposit slip and the online access pin.

donxab:
Gurus in the house... Please how can I present my investment with FBN capital as a financial document for visa application? Because the only document I have is the deposit slip and the online access pin.

yes u can, but u have to request for a letter from the fund manager and it shudnt cost more dan 2k( stanbic ibtc MMF is around 2-3k)

ednut1:
yes u can, but u have to request for a letter from the fund manager and it shudnt cost more dan 2k( stanbic ibtc MMF is around 2-3k)

Thanks for the quick reply!

Finally He erni4life n others helped me in opening an fbn mmf account wit some Xmas bonus I got. because I was busy in d office on 31st n cldnt scan stuff early enof till around 3pm. yet I got a mail from my advisor who told me everything will start from 4th Jan. I will ask many questions in dis forum as a complete novice

Happy new year to the house! @carpenter ernie4life I hail ooo.
I pray we all are able to achieve our investment objectives this year, even as the economy is really not looking so promising.

Johnrake69:
Happy new year to the house! @carpenter ernie4life I hail ooo.
I pray we all are able to achieve our investment objectives this year, even as the economy is really not looking so promising.

Amen and amen.

Please I have a question for ernie4life: if a mutual investment fund require #5000 naira, does it mean I have to invest #5000 every month? Can I use the principal for the first month as a principal for the second month( using the same #5000 for different months) or am I to keep using fresh #5000? I asked from First Bank as per the #5000 option but I got confused about their answer.

N.B: anyone who has used mutual funds before can also reply this question.

rapmike:
Please I have a question for ernie4life: if a mutual investment fund require #5000 naira, does it mean I have to invest #5000 every month? Can I use the principal for the first month as a principal for the second month( using the same #5000 for different months) or am I to keep using fresh #5000? I asked from First Bank as per the #5000 option but I got confused about their answer.

N.B: anyone who has used mutual funds before can also reply this question.

5000 is ur start capital..... U could leave it lyk dt till year end, or u could increase it as u want by adding 5000 monthly, biannually or quarterly. It's ur choice.

taiwoliu:
5000 is ur start capital..... U could leave it lyk dt till year end, or u could increase it as u want by adding 5000 monthly, biannually or quarterly. It's ur choice.

Thanks. I went to First Bank branch and enquired about the mutual funds option that was #5000 as minimum requirement. They directed me to one dude who was just talking about me dropping #5000 per month. I was just discouraged as I planned to drop #5k once and keep using it for a year or thereabouts.

Maybe I will ask from another branch.

rapmike:


Thanks. I went to First Bank branch and enquired about the mutual funds option that was #5000 as minimum requirement. They directed me to one dude who was just talking about me dropping #5000 per month. I was just discouraged as I planned to drop #5k once and keep using it for a year or thereabouts.

Maybe I will ask from another branch.

I use fbn mmf. Dts how I operate it. Haven't added since I started last year

taiwoliu:
I use fbn mmf. Dts how I operate it. Haven't added since I started last year

Thanks a lot.

rapmike:


Thanks a lot.

u wlcm..... Just v a plan and stick to it

@Carpenter
What role does a Register play in the FBN MM? According to your story, you had signature issue with the Register during the time of your fund redemption. I invested in FBN MM fund but i never had a any dealing with the Register. Please clarify.

ernie4life:


takes 5 working days to divest from it(all things being equal)
Currently at 12% but we are looking at it going up to 13%(all things being equal)

PLS am a newbie,this 12% intrest is it per month a year let me know.

MCFRESH:
PLS am a newbie,this 12% intrest is it per month a year let me know.

per year

i want to get back my investment from FBN MMF i hope its not difficult and also they where requesting for a document i was never giving, investment certificate. What should i do?

Yem0350:


www.fbncapital.com/asset-management/investor-resource-center/download-forms

thanks

I notice Investment one is confused as regards rate too use this year because technically it should be 4% considering the assymetrical thingy! ARM is the highest for now as the lowest yield since the revised MPR is 10.38% or thereabout. Now I can risk my VGIF for this month , if it runs @ 4% , I will redeem ALL my fund and interest but to where? STANBic ( plumetting) of FBN ( vague and obscure) or Add to my ARM ( last resort cos I like divesting and monitoring/ comparing trends ).


Kindly input your view!

Regards.

MCFRESH:
PLS am a newbie,this 12% intrest is it per month a year let me know.

Except otherwise stated, All interest rates are valued per annum. You can get your monthly intake by porating - (int/100) * ( 30days/365days) * Principal.

This may not be applicable for funds whose rate/yield changes on a daily basis.

civilserva:
@Carpenter
What role does a Register play in the FBN MM? According to your story, you had signature issue with the Register during the time of your fund redemption. I invested in FBN MM fund but i never had a any dealing with the Register. Please clarify.

There are three parties involved in the Mutual funds investment
-The fund manager
-The Registrar
The Custodian

The Registrar is charged with all the documentation.
Anytime you want to redeem your investment, your redemption form is taken back to the Registrar to ensure that what you have filled out corresponds with their record. Any discrepancy will be communicated back to the client so the necessary reconciliation is done.

Hope this is useful

rapmike:


Thanks. I went to First Bank branch and enquired about the mutual funds option that was #5000 as minimum requirement. They directed me to one dude who was just talking about me dropping #5000 per month. I was just discouraged as I planned to drop #5k once and keep using it for a year or thereabouts.

Maybe I will ask from another branch.

Maybe you should try us out at ARM. The ARM Money market fund is very flexible. Minimum investment of #5000 and the minimum additional is #1000 and its not mandatory you make additional payment into the account monthly. Its actually at your discretion I.e, anytime you have any extra money you don't want to spend, you can pay it into your account with us.

Johnrake69:



Maybe you should try us out at ARM. The ARM Money market fund is very flexible. Minimum investment of #5000 and the minimum additional is #1000 and its not mandatory you make additional payment into the account monthly. Its actually at your discretion I.e, anytime you have any extra money you don't want to spend, you can pay it into your account with us.

Okay, where is ARM? Cos am in Osun state @ d moment (Ile-Ife to be precise). Moreover do I need to open a bank account with you guys?

rapmike:


Okay, where is ARM? Cos am in Osun state @ d moment (Ile-Ife to be precise). Moreover do I need to open a bank account with you guys?

They run virtual account opening. Its up to them to do proper kyc. ARM isnt a bank. Just open the investment account and you be guided on how to make payment. They have different payment channels : Transfer to designated account, cheque deposit, quick teller and I know of GTPay.

ernie4life:


per year

Hi boss, happy new year. Please I want to reach you. sent you a PM. please reply me. Thanks

Hello Everyone, any idea where I can get the rates and charges of various mutual funds in Nigeria? From the little I know their commissions and charges can makes all the difference.

Thanks in anticipation.

rapmike:


Okay, where is ARM? Cos am in Osun state @ d moment (Ile-Ife to be precise). Moreover do I need to open a bank account with you guys?

We don't have an office in Osun state. But what I can do for you is to email you the form; and you complete it and scan back to me, which should be accompanied by the kyc requirement. Like your national government issued ID and your utility bill which serves as a proof of your address.

Note: Distance is not a barrier cos we have clients that invest from UK and America.

@drdams well done and happy new year. Seems your one of our client.