beyolah:

You'll need your atm card. Login Go to the tab on the left Select funds Select subscription Follow the prompts

Thanks man. I'm yet to get an ATM from Stanbic. Maybe I have to go get it then.

sgtponzihater1:


Thanks man. I'm yet to get an ATM from Stanbic. Maybe I have to go get it then.

You can also use any other bank atm card.
If you do not want to get a Stanbic atm, transfer to an account with an atm card

sabanageorge:
You guys are still making the error of doing simple interest for MMF. That ~18% compounds monthly. If your 8m yields 120k this month, by next month you'll be doing 18% of 8.12m which is 121k. So there's a slight increase of 1k over two months at 18%. The interesting thing about MMF is the compounded interest which can get really high over several years.

Anyways, there's need for more investment opportunities. The rate from MMF is still pretty low and may not be inflation proof. I'm really looking at other investment opportunities. When I think of the fact that 2000usd on Bitcoins in 2010 will be over 500m usd today, I just get mad . I want to spot that new golden opportunity still in its baby stage today.

Ibtc MMF compounds every quarter, not every month.

.

Investnow2017:

Ibtc MMF compounds every quarter, not every month.
.

Cordros MMF compounds every month.

sabanageorge:
You guys are still making the error of doing simple interest for MMF. That ~18% compounds monthly. If your 8m yields 120k this month, by next month you'll be doing 18% of 8.12m which is 121k. So there's a slight increase of 1k over two months at 18%. The interesting thing about MMF is the compounded interest which can get really high over several years.

Anyways, there's need for more investment opportunities. The rate from MMF is still pretty low and may not be inflation proof. I'm really looking at other investment opportunities. When I think of the fact that 2000usd on Bitcoins in 2010 will be over 500m usd today, I just get mad . I want to spot that new golden opportunity still in its baby stage today.

I didnt know MMF compound their interests. Like you said, the effects will be felt by those in long term. But do you have any evidence to confirm this

Toun2nl:

I didnt know MMF compound their interests. Like you said, the effects will be felt by those in long term. But do you have any evidence to confirm this

He doesn't need any evidence. Compound interest will swing into action once the interest is left in. It automatically rolls over.

adegokekemi:


PLS kindly explain how u used the mobile app for redemption

I'm just seeing this. On the left tab of your mobile app, select 'funds', then select 'redemption', then follow the prompts. As seen in the images in this post

beyolah:


You'll need your atm card.
Login
Go to the tab on the left
Select funds
Select subscription
Follow the prompts

At last all powerful master(Mutual fund)...finally read through the 39pages today and invested with First Trustees/Stanbic IBTC Money Market Funds today. Still waiting for welcome alert.

Anyone with useful info on their Stanbic ETF 30 and Stanbic ETF 40? Hoping to take some risk with their ETF. Thanks in anticipation Sirs/Mas for replying

sabanageorge:
You guys are still making the error of doing simple interest for MMF. That ~18% compounds monthly. If your 8m yields 120k this month, by next month you'll be doing 18% of 8.12m which is 121k. So there's a slight increase of 1k over two months at 18%. The interesting thing about MMF is the compounded interest which can get really high over several years.

Anyways, there's need for more investment opportunities. The rate from MMF is still pretty low and may not be inflation proof. I'm really looking at other investment opportunities. When I think of the fact that 2000usd on Bitcoins in 2010 will be over 500m usd today, I just get mad . I want to spot that new golden opportunity still in its baby stage today.

you can check out transberg although their model is quite different and would benefit people looking for long-term investments opportunities not short term investors.

CuteRedd:
you can check out transberg although their model is quite different and would benefit people looking for long-term investments opportunities not short term investors.

I know Transberg. I'm not convinced about their business model.

sabanageorge:
I know Transberg. I'm not convinced about their business model.

Tell us about them plss.

CuteRedd:
you can check out transberg although their model is quite different and would benefit people looking for long-term investments opportunities not short term investors.

It is advisable to stick with Treasury Bills... If you want long term investments, shift to FGN Bonds or FGN Savings Bonds.All these crowdfunding schemes are temporary and you may lose your funds.

Be wise

CuteRedd:
you can check out transberg although their model is quite different and would benefit people looking for long-term investments opportunities not short term investors.

I just looked up transberg now, their business concept is cool but my only problem is insurance, they can wake up tomorrow and disappear with my funds.

Willie2015:


It is advisable to stick with Treasury Bills... If you want long term investments, shift to FGN Bonds or FGN Savings Bonds.All these crowdfunding schemes are temporary and you may lose your funds.

Be wise

what is the percentage ROI for FGN bonds and for how many years

CuteRedd:

what is the percentage ROI for FGN bonds and for how many years

FGN Saving Bonds - 2 to 3years tenor - 13 to 14% rate

FGN Bonds - 3 -20 years tenor - Rate fluctuates (10 - 16% ) rate

Willie2015:


FGN Saving Bonds - 3 to 4 years tenor - 13 to 14% rate

FGN Bonds - 3 -20 years tenor - Rate fluctuates (10 - 16% ) rate

Warris this i yam crying

Willie2015:


FGN Saving Bonds - 3 to 4 years tenor - 13 to 14% rate

FGN Bonds - 3 -20 years tenor - Rate fluctuates (10 - 16% ) rate

Warris this i yam crying

CuteRedd:
Warris this i yam crying

Why this cry now ?

Willie2015:


Why this cry now ?

its too low also currency devaluation playing out.

Added with 3-20years before getting my capital I'd say that's nonsense like someone said before

Do you need to convert some reasonable Naira into Dollars? Contact us today, we will get that done for you through Export joint venture.

For more information get intouch with us through:

Adebayo Toluwani
09066307374 calls 24/7
08094274698 calls/whatsapp

Willie2015:


Why this cry now ?

Why are u dissuading people from legal investments. Exactly 12years ago, I and my friends where so interested in investments, we read about mutual funds, DCAs, hedge funds etc, we got money weekly mags and looked for d best mutual funds in Naija. We founds Stanbic, Zenith capital, FBN, ARM, BGl as d top players (BGL was a scam), standard chartered had a similar package also. Our saving grace was not investing in BGL, because they phased out. I invested in FBN and Kakawa, my friend opted for standard Chartered, and he was really thrifty and into d magic of compound interest stuff. 3years ago his portfolio in standard chatered was about 15million, he was getting monthly intetests of about 150k and his principal was still preserved and he won't stop. When I went out of employment for a while, I remembered I had some portfolios and I felt like I wasn't unemployed, this is 12yrs and these organisations are still strong. Mutual funds are not Ponzi schemes and most Americans rigorously buy mutual funds, because u become a millionaire with zero stress.
Sgt Ponzi Hater.

sgtponzihater1:


Why are u dissuading people from legal investments. Exactly 12years ago, I and my friends where so interested in investments, we read about mutual funds, DCAs, hedge funds etc, we got money weekly mags and looked for d best mutual funds in Naija. We founds Stanbic, Zenith capital, FBN, ARM, BGl as d top players (BGL was a scam), standard chartered had a similar package also. Our saving grace was not investing in BGL, because they phased out. I invested in FBN and Kakawa, my friend opted for standard Chartered, and he was really thrifty and into d magic of compound interest stuff. 3years ago his portfolio in standard chatered was about 15million, he was getting monthly intetests of about 150k and his principal was still preserved and he won't stop. When I went out of employment for a while, I remembered I had some portfolios and I felt like I wasn't unemployed, this is 12yrs and these organisations are still strong. Mutual funds are not Ponzi schemes and most Americans rigorously buy mutual funds, because u become a millionaire with zero stress.
Sgt Ponzi Hater.

u did not tell us hw much u invested 12yrs ago and hw much u have today so as to encourage young ones to invest?

Nairaruky:
The fund mgrs in this country are born thieves.
Take for instance ,investments in Arm discovery and Aggressive growth funds since 2007 has been static.
Compare with domiciliary term deposit investment.
If you have invested N50,000 at $ rate of N155/$ in 2011
Ur N50,000 will be worth N117741 at today rate of N365
Similarly An equity investment in GT bank will worth over N120000, bonuses, dividends not included.
Take a better risk, invest in forex and tested equities.
The fund managers are full of deceptions.
Investment of N100k in mutual funds since 2007 has not produced a significant profit.
The best of them could only yield N130k after 10 year.
I have tried all.
$10000 bought in 2014 DEC @N1,750,000 is now N3,650,000.
No mutual fund can match that.
15 year investment in mutual funds is nothing but a fallacy of composition.
If u want a good mutual fund,try offshore investment firms in UK,US,
The managers there are more truthful compare with the dishonest men in dz nation that only specialised in enriching themselves and the companies that appointed them with our funds
Diversify,take a worthy risk, invest in equity and currency , govt promoted land not the scammers realtors dt will brainwash you to invest in Lekki land only for you to serve them all your life with their incessants demand for money ranging from developmental fee , surveying fee, govt fee,acquisition fee, feasibility fee, introduction fee, ecological fee, perimeter fencing fee,registration fee,community fee, non indigene fee, estate fee, allocation fee, construction fee.... lol
Na so dem dey do for ibeju Lekki, still no c of o
Land on promo=N700k
Invisible/hidden charges=N4.5M/plot
Naija for real
Only the strongest of the fittest can survive in NAIJiRIYA

Our country Na wa.

too many greedy people

CuteRedd:
its too low also currency devaluation playing out.

Added with 3-20years before getting my capital I'd say that's nonsense like someone said before

TRUTH my brother .

Kevostica:


u did not tell us hw much u invested 12yrs ago and hw much u have today so as to encourage young ones to invest?

I used my friend, it's enuf encouragement. Telling mine won't be appropriate for now.

CuteRedd:
its too low also currency devaluation playing out.

Added with 3-20years before getting my capital I'd say that's nonsense like someone said before

- Every investment class ( Stocks, Real Estate, Money Mkt Instruments) has its own purpose, it is not wise to conclude that its nonsense just because of the currency devaluation playing out now.

- I have children that are still in school, It is better for me to lock up a fund in bonds for some number of years that guarantee the payment of their school fees for the next five to 10 years without worrying about rate fluctuation.

- We have seen good and bad days... we have seen era when Treasury Bills rate are low as 4% and mutual fund rates are even much more lower. You will understand that this is just a cycle repeating itself.

- A wise investor will take advantage of both instruments.

Willie2015:


- Every investment class ( Stocks, Real Estate, Money Mkt Instruments) has its own purpose, it is not wise to conclude that its nonsense just because of the currency devaluation playing out now.

- I have children that are still in school, It is better for me to lock up a fund in bonds for some number of years that guarantee the payment of their school fees for the next five to 10 years without worrying about rate fluctuation.

- We have seen good and bad days... we have seen era when Treasury Bills rate are low as 4% and mutual fund rates are even much more lower. You will understand that this is just a cycle repeating itself.

- A wise investor will take advantage of both instruments.

I understand you, its just due to my exposure on legal investments with higher returns which is also well secured thats why bonds ROI to me seems like child's play.

sgtponzihater1:


Why are u dissuading people from legal investments. Exactly 12years ago, I and my friends where so interested in investments, we read about mutual funds, DCAs, hedge funds etc, we got money weekly mags and looked for d best mutual funds in Naija. We founds Stanbic, Zenith capital, FBN, ARM, BGl as d top players (BGL was a scam), standard chartered had a similar package also. Our saving grace was not investing in BGL, because they phased out. I invested in FBN and Kakawa, my friend opted for standard Chartered, and he was really thrifty and into d magic of compound interest stuff. 3years ago his portfolio in standard chatered was about 15million, he was getting monthly intetests of about 150k and his principal was still preserved and he won't stop. When I went out of employment for a while, I remembered I had some portfolios and I felt like I wasn't unemployed, this is 12yrs and these organisations are still strong. Mutual funds are not Ponzi schemes and most Americans rigorously buy mutual funds, because u become a millionaire with zero stress.
Sgt Ponzi Hater.

- You should understand that we are in Nigeria, anything is possible. If you conclude a top player like BGL is a scam, what guarantee do you have in other mutual funds will not collapse at a point in time in the future.

-If your friend with =N=15m had invested in BGL, he will have High Blood Pressure and probably be in a mess now. Past performance is not a guarantee of future performance.

- BGL is a top player regulated by the [b]Almighty SEC [/b]and yet investors are having problem retrieving their money. It is time we all understand that nobody( SEC, CBN, NDIC or any regulatory body etc) gives a Bleep about what happens to your money in any outfit. You are strictly on your own in Nigeria when situation goes bad.

- I rather invest my fund in FG instruments and stay safe.

Willie2015:


- You should understand that we are in Nigeria, anything is possible. If you conclude a top player like BGL is a scam, what guarantee do you have in other mutual funds will not collapse at a point in time in the future.

-If your friend with =N=15m had invested in BGL, he will have High Blood Pressure and probably be in a mess now. Past performance is not a guarantee of future performance.

- BGL is a top player regulated by the [b]Almighty SEC [/b]and yet investors are having problem retrieving their money. It is time we all understand that nobody( SEC, CBN, NDIC or any regulatory body etc) gives a Bleep about what happens to your money in any outfit. You are strictly on your own in Nigeria when situation goes bad.

- I rather invest my fund in FG instruments and stay safe.

My guy investments is not for the Lilly hearted, but for the strong at heart and also for the intelligent. BGL's guarantee consolidated note (gcn), was giving people as much as 20% interest, when at the time the highest a mutual fund could give was 11% (KGIF), whereas they never registered with SEC to run money market but as stock brokers, the owners fed fat on people's contribution and their GCN was like a ponzi scheme. Now here is the cache, those who bought stocks via BGL didn't loose anything, they merely changed their stock brokers, those who lost in GCN( their MMF), lost because of ignorance and greed. The MPR then was 12%, yet they went for 20% interest, just a detailed search would have also shown that they weren't approved by SEC to run money market investments, I asked the Business manager of BGL pH then if they were approved to run MMF and he said they were working on it, I ran with my money. When an unlicensed fund crashes SEC has no hand in it, just like NDIC has no hand in investors lost funds in Ponzi. We have investment classes/meetings in PH and we discuss and remind ourselves these things, we go further to dissuade people from Ponzi schemes and unlicensed investments without a legal shelter, we also take it a notch further encouraging people to begin businesses and use treasury bills, bonds, mutual funds, and stock as shelter for those businesses and i'm glad to say none of us have regretted thus far.

Study, innovate

Ponzi Hater

Afterthought: KGIF (Kakawa) was owned by Kakawa house, where duly registered under the SEC, when they went through financial indescresions, SEC stepped in, and they were acquired by FBN holdings. Investment 1 of GTB group however bought over KGIF and none of their investors lost a kobo. These details are there for eager investors to study.