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Nairaland Forum / Nairaland / General / Investment / Mutual Funds (1009301 Views)
Top 10 Mutual Fund Managers In Nigeria / Mutual Funds In Nigeria: Please Share Your Experience / Best Nigerian Mutual Funds To Invest In? (2) (3) (4)
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Re: Mutual Funds by sgtponzihater1(m): 11:10am On Sep 12, 2017 |
beyolah:Thanks man. I'm yet to get an ATM from Stanbic. Maybe I have to go get it then. |
Re: Mutual Funds by beyolah: 11:46am On Sep 12, 2017 |
sgtponzihater1: 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 |
Re: Mutual Funds by sabanageorge(f): 6:37pm On Sep 12, 2017 |
4 Likes |
Re: Mutual Funds by Investnow2017: 8:05pm On Sep 12, 2017 |
sabanageorge: Ibtc MMF compounds every quarter, not every month. . 2 Likes |
Re: Mutual Funds by jmanity: 8:23pm On Sep 12, 2017 |
Investnow2017:Cordros MMF compounds every month. |
Re: Mutual Funds by Toun2nl: 8:30pm On Sep 12, 2017 |
sabanageorge: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 |
Re: Mutual Funds by sgtponzihater1(m): 8:46pm On Sep 12, 2017 |
Toun2nl: He doesn't need any evidence. Compound interest will swing into action once the interest is left in. It automatically rolls over. 1 Like |
Re: Mutual Funds by NoQualms1(f): 10:35pm On Sep 12, 2017 |
adegokekemi: 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: |
Re: Mutual Funds by Houstency(m): 10:55pm On Sep 12, 2017 |
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 |
Re: Mutual Funds by CuteRedd(f): 7:04am On Sep 13, 2017 |
sabanageorge: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. |
Re: Mutual Funds by sabanageorge(f): 2:06pm On Sep 13, 2017 |
CuteRedd:I know Transberg. I'm not convinced about their business model. 1 Like |
Re: Mutual Funds by sgtponzihater1(m): 2:29pm On Sep 13, 2017 |
sabanageorge:Tell us about them plss. |
Re: Mutual Funds by Willie2015: 3:13pm On Sep 13, 2017 |
CuteRedd: 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 1 Like |
Re: Mutual Funds by jmanity: 3:37pm On Sep 13, 2017 |
CuteRedd: 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. 1 Like |
Re: Mutual Funds by CuteRedd(f): 3:56pm On Sep 13, 2017 |
Willie2015:what is the percentage ROI for FGN bonds and for how many years |
Re: Mutual Funds by sabanageorge(f): 6:01pm On Sep 13, 2017 |
Re: Mutual Funds by Willie2015: 6:05pm On Sep 13, 2017 |
CuteRedd: FGN Saving Bonds - 2 to 3years tenor - 13 to 14% rate FGN Bonds - 3 -20 years tenor - Rate fluctuates (10 - 16% ) rate |
Re: Mutual Funds by CuteRedd(f): 6:10pm On Sep 13, 2017 |
Willie2015: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Mutual Funds by CuteRedd(f): 6:12pm On Sep 13, 2017 |
Willie2015: ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() 1 Like |
Re: Mutual Funds by Willie2015: 6:21pm On Sep 13, 2017 |
CuteRedd: Why this cry now ? |
Re: Mutual Funds by CuteRedd(f): 7:50pm On Sep 13, 2017 |
Willie2015: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 ![]() ![]() 4 Likes 1 Share |
Re: Mutual Funds by sellers4buyers(m): 9:26pm On Sep 13, 2017 |
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Re: Mutual Funds by sgtponzihater1(m): 10:13pm On Sep 13, 2017 |
Willie2015: 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. 10 Likes 1 Share |
Re: Mutual Funds by Kevostica(m): 7:42am On Sep 14, 2017 |
sgtponzihater1: 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? |
Re: Mutual Funds by Ugosample(m): 8:09am On Sep 14, 2017 |
Nairaruky: Our country Na wa. too many greedy people 1 Like |
Re: Mutual Funds by ihedioramma: 9:08am On Sep 14, 2017 |
CuteRedd: ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Mutual Funds by sgtponzihater1(m): 9:22am On Sep 14, 2017 |
Kevostica: I used my friend, it's enuf encouragement. Telling mine won't be appropriate for now. |
Re: Mutual Funds by Willie2015: 9:25am On Sep 14, 2017 |
CuteRedd: - 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. 2 Likes |
Re: Mutual Funds by CuteRedd(f): 9:45am On Sep 14, 2017 |
Willie2015: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. 1 Like |
Re: Mutual Funds by Willie2015: 9:49am On Sep 14, 2017 |
sgtponzihater1: - 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. 3 Likes 1 Share |
Re: Mutual Funds by sgtponzihater1(m): 10:58am On Sep 14, 2017 |
Willie2015: 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. 7 Likes 1 Share |
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