wisemanj:
Please I need to know this if one should invest 2milloinaira in a mutual fund what will be the monthly return on investment

Fxmanager:



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emmanuelewumi:


How is this gibberish related to what is being discussed here. Start another thread and post your scam there.

Guys be careful of this scammer and his purported Investment schemes.

wisemanj:
Please I need to know this if one should invest 2milloinaira in a mutual fund what will be the monthly return on investment

jmanity:


Stanbic IBTC and cordros capital offers an average of 18% interest on money market mutual fund per annum, that will give you 1.5% per month, multiply that with 2million and you will get 30,000 per month which is better than savings account and fixed deposit.

joseph1013:

The use of 'average' confuses me. Is it the average over a one year period or 5-year period or...

More importantly, I'd like to know how they have fared historically.

jmanity:


The average is for this year.... The interest is not static it currently hovers around 18.5%. You can google them to know more on how they have fared historically.

LeeCodeman:
I need your advice: I recently got to know about these safe investments and I'm excited at what can become of them if you add to them regularly and then use the power of compound interest. Here is my question : I have a new born that is not yet a year old. I would like to start him up on one of these investments, TB, Mutual funds or bonds. Which one should I go for?

ernie4life:


I will recommend mutual funds for the following reasons

little amount to start
can add any amount anytime you want
it grows with the child with little or no monitoring
no maturity date till when you feel like withdrawing


Note: if you can I will advise you go for either a balanced fund or put a part in balanced funds since its long term

bisiki2:


@ LeeCodeman, i want to assume that @ ernie4life suggested the balance fund investment because it offers a higher yield, but i strongly advise against it. For a long term investment, a steady cash flow and preservation of capital is key. I would suggest you stick with the money market fund investment for the reasons stated by @ ernie4life

dotcomnamename:


Hello bisiki2,

I don't understand your point above. Please read your post again. You clearly against the ernie4life's suggestion of Balance Fund Investment because it offers a higher yield. However, you also suggested @LeeCodeman should stick with Money market Fund Investment but for what REASON stated by @ernie4life? I don't get your point there. Are you saying @LeeCodeman should go for Mutual Funds for long time investment for the child and then choose Money Market Fund under the same Mutual Funds? Can you please clarify/be more explanatory. Thank you.

bisiki2:


Balanced Fund and Money Market Fund are investment portfolio under Mutual Fund. However, with BF there is the possibility of losing interest accrued and the principal invested is not guaranteed.

ernie4life:
for further clarifications

Balanced funds don't guarantee capital because of its exposure to equity assets.
but the truth in equity space Always out performs money market instrument(Do your research)
in this case LeeCodeman is investing for the child which is obviously long term, balanced or a mixture of balanced funds is ideal.
investing in a balanced fund mitigates the risk of investing in equity directly while still offering returns close to what equity offers.
Now what am recommending is that he should have part of this child's funds in balanced funds to be able to take advantage of the returns,
the ratio he decides to split it between Money market fund and balanced fund is entirely up to him to decide.

cc bisiki2

dotcomnamename:


Can Mutual Fund investment be made through bank or it must be through agent?

dotcomnamename:


To you, apparently with Money Market Fund there is 100% guarantee that investor won't lose interest accrued and the principal invested is your point, is that correct?

ernie4life:


depends, the likes of stanbic, FBNH can be done at their respective banks but for ARM, investment one and co you can just log on to their website and fill the forms and make transfer that's all

RealityShot:

Stanbic fund can be done online; Registration etc.. Transfer funds from any bank/atm/online system.

info at www.stanbicibtcassetmanagement.com/nigeriaassetmanagers/personal/Mutual-Funds/SIBTC-Money-Market-Fund

sgtponzihater1:


Pls I need to know how to reinvest funds into stanbic MMF, the person I met at their branch was saying I have to raise a draft in favour of the fund every time. and I guess that'll will be too cumbersome. How do one reinvest through mobile banking?

ernie4life:
for further clarifications

Balanced funds don't guarantee capital because of its exposure to equity assets.
but the truth in equity space Always out performs money market instrument(Do your research)
in this case LeeCodeman is investing for the child which is obviously long term, balanced or a mixture of balanced funds is ideal.
investing in a balanced fund mitigates the risk of investing in equity directly while still offering returns close to what equity offers.
Now what am recommending is that he should have part of this child's funds in balanced funds to be able to take advantage of the returns,
the ratio he decides to split it between Money market fund and balanced fund is entirely up to him to decide.

cc bisiki2

sgtponzihater1:


Pls I need to know how to reinvest funds into stanbic MMF, the person I met at their branch was saying I have to raise a draft in favour of the fund every time. and I guess that'll will be too cumbersome. How do one reinvest through mobile banking?

Investnow2017:


Just transfer money into their account and advise your account officer. That's all. Most in their vanking unit do not know so much abt the modus operandi. Always deal with their asset mgt unit. And they are very efficient. Sweet watching yr money grow everyday

sgtponzihater1:


God bless u bro. How do I know my account officer, because I just went to d bank to fill d forms today, they asked me to return tomorrow with my utility bill and all that and told me to bring a draft in favour of stanbic MMF wen I am coming.

RealityShot:

if you opened the account already:
then just log into the online office..
click TOP UP ..
it will direct you to select amount to add and pay with your ATM card via interswitch.

if you havent opened the account:
remeber to tick "reinvest interest"
when filling the form.

TIP: fill ALL the forms..for your convinience in the future

ernie4life:


Not even fixed income funds,

Am talking of balanced funds, that's funds that have equities, real estate and fixed income, all in one.
the risk exposure of this funds are moderate compared to pure equity based funds.

Arm discovery funds 28.50%
Investment-one Vantage Balanced Funds 24.58%
Stanbic ibtc balanced fund 18.53%

source Fman.com.ng

tradepunter:
Mutual funds very funny investment in naija... Worked at the core and realize how mad money is made and yet they use technical jargon to sell dreams to wannabe investors.. I dy use my 2milla steady on odds of 1.02-1.10 twice a week, and am living good... People might say it's crazy stuff but hey nah my cash and I chose it over mutual funds