Parisfran:
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.

Are you doing a research on them for academic purpose or you want to invest?

Johnrake69:


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.

I am a student staying on campus so I don't have utility bill, but I will try and get the National I'd card.

I would prefer registering online for various reasons.

rapmike:


I am a student staying on campus so I don't have utility bill, but I will try and get the National I'd card.

I would prefer registering online for various reasons.

Alright... Its same thing. your not paying the money to me. Cos I won't even collect cash from you. Whether you register through me or through the site. Your expected to pay into our ARM money market fund account with Gtbank. And I believe having someone like me to guide you all the way should make things alot easier for you. But, its your call.

rapmike:


I am a student staying on campus so I don't have utility bill, but I will try and get the National I'd card.

I would prefer registering online for various reasons.

c
Investment

Johnrake69:


Alright... Its same thing. your not paying the money to me. Cos I won't even collect cash from you. Whether you register through me or through the site. Your expected to pay into our ARM money market fund account with Gtbank. And I believe having someone like me to guide you all the way should make things alot easier for you. But, its your call.

Looking at it from your angle, it seems better. The trouble is that I am not ready for it @ d moment, so I hope you don't mind if I can get your mail so that when am ready I can reach you directly.

rapmike:


Looking at it from your angle, it seems better. The trouble is that I am not ready for it @ d moment, so I hope you don't mind if I can get your mail so that when am ready I can reach you directly.

I understand.

Kelvin.chiejine@arm.com.ng

Johnrake69:

I understand.
Kelvin.chiejine@arm.com.ng

Thanks, I have it

Parisfran:
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.

Google Quantitative Financial Analytics

@all, Stanbic ibtc and FBN capital; which of the Mutual Funds do you consider to be 'better'? about to jump in
Oga ernie4life, abeg answer me..

all time low!!!!!!!!!!!!!! this is getting bad. 8.61!!!!!!!!!!!!!!!

Justcul:
@all, Stanbic ibtc and FBN capital; which of the Mutual Funds do you consider to be 'better'? about to jump in
Oga ernie4life, abeg answer me..

none, just product differentiation and personal preference

donxab:
all time low!!!!!!!!!!!!!! this is getting bad. 8.61!!!!!!!!!!!!!!!

I saw this coming, would probably go lower but still better than a savings account

ernie4life:



I saw this coming, would probably go lower but still better than a savings account

Please when will MMF start going upward?

ukay2:



Please when will MMF start going upward?

nobody can say exactly when, but when ever the factors affecting the yields in the money market start improving then MMF will start going up, factors like
exchange rate.
fiscal policies
when government eases the squeeze in interest rate and allow market forces to decide what it should be.
etc

donxab:
all time low!!!!!!!!!!!!!! this is getting bad. 8.61!!!!!!!!!!!!!!!

Stanbic IBTC 8.55%. ARM 8.18%

ednut1:
Stanbic IBTC 8.55%. ARM 8.18%

ARM is 9.1960% as at today

Johnrake69:



ARM is 9.1960% as at today

ur website says otherwise

hello evry1, I paid into fbn account, scanned and sent d fbn mutual fund form on 31st of December and sent till now, av not got any messg concerning d Acc. opening though d advisor acknowledged d receipt of my mail same day.do I av anything to worry abt?

yak:
hello evry1, I paid into fbn account, scanned and sent d fbn mutual fund form on 31st of December and sent till now, av not got any messg concerning d Acc. opening though d advisor acknowledged d receipt of my mail same day.do I av anything to worry abt?

wait tl 7th of january, if after dt u aint mailed, contact ur acct officer.

tnx@Taiwo

ednut1:
ur website says otherwise

Actually that was the rate that was sent via email. We do receive email notification every morning with regards to the rate for the day. So, tomorrow l will get clarification from operations on why the variance.

Modified*
The rate I gave was the right one. There is usually a delay before the site is updated. Though, we working on that.

yak:
tnx@Taiwo

my pleasure

i currently use FBN and what i noticed about them is that they don't follow up unless you send them a mail requesting for whatever you want. Send them a mail.

yak:
hello evry1, I paid into fbn account, scanned and sent d fbn mutual fund form on 31st of December and sent till now, av not got any messg concerning d Acc. opening though d advisor acknowledged d receipt of my mail same day.do I av anything to worry abt?

oluwarantimi:
i currently use FBN and what i noticed about them is that they don't follow up unless you send them a mail requesting for whatever you want. Send them a mail.

Yak,

Have they contacted you?

carpenter:


Yak,

Have they contacted you?

yea, they did on 11th just that they put the openn date as same 11th whereas av paid and scanned the documents since 31st december 2015. thanks for asking

yak:

yea, they did on 11th just that they put the openn date as same 11th whereas av paid and scanned the documents since 31st december 2015. thanks for asking

You should mail them about that, not right unless they are able to explain why to you and their explanation is acceptable. Although sending money from any bank to another on 31st December is a long thing... worst case scenario should be 4th of January sha.

Tnx. I will mail them immediately

MMF rates , stanbicIBTC - 7.68%, Arm- 7.74%, FBN-8.46%, in the corner watching my money grow slowly

Just a note to remind us that Mutual Funds goes beyond MMF. This may be the time for you to rebalance your investments especially if you have more than the minimum required for entry into other funds.

At the moment I only have 40% of my money in MMF and the other spread between the other two funds (Fixed Income "FIF" and Heritage "HF" of FBN Capital. Fixed income seems to be doing better, coming from a high of about 16% to around 12.5% now. Heritage has not been able to catch up with either of them though. Other companies also have products of those class or even more ...be careful to read the fine print before investing (e.g. the Fixed Income and Heritage have a holding period of 3 months). The FIF and HF are also riskier investments compared to MMF.

Now, if I could see the future...I would have pulled all my investments in the stock market when I was up 25% and invest in these funds (then wait till it bottoms out and re-invest in the stock market), sadly I cannot predict the future just like everyone else...so now am down 20% in my stock broking accounts. This means I have lost approximately 45% paperwise. However, even though my stock broking accounts are worth twice as much as the worth of my Mutual funds, my plan is still the same. Stock broking accounts are for the future and I will continue to buy regardless; Mutual Fund accounts are for short to medium term needs and I will continue to add to it also instead of keeping money in a savings account.

I will also continue to look for other avenues to put money so I can make money without forgetting to donate to charity and help others. Finally, please reward yourself when you make a good decision, you deserve it.

Hello Carpenter and other investors, apart from Treasury bills, Mutual funds, Stocks and Bonds, what other relatively safe ONLINE OR OFFLINE PASSIVE investment do you know that one can invest one's fund into even if it is just a #100 or $0.5 d yield returns that it brings daily?

onair:
Hello Carpenter and other investors, apart from Treasury bills, Mutual funds, Stocks and Bonds, what other relatively safe ONLINE OR OFFLINE PASSIVE investment do you know that one can invest one's fund into even if it is just a #100 or $0.5 d yield returns that it brings daily?

Hey mate...you picked all I would put my money in

There are others such as forex, bitcoin which I personally do not understand that people get their hands on, they also make money through them. A lot of folks out there also buy and sell domain names. A savings account, Fixed deposit is also still in the mix somewhere.

@Carpenter
Please can you help me with any credible Stock broker for me to make use of in Abuja as i know that here is not the right channel to say this.