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Re: Mutual Funds by Kemade2007(f): 2:45pm On Sep 29, 2017 |
Pls house I need your advice on this I have #300k with Stanbic MMF which gives me #149-#150 per day. My questions -should I continue with the MMF or -redeem it and put it in Treasury bill since I don't need it in the next 6months. Thanks |
Re: Mutual Funds by Danny4show(m): 5:19pm On Sep 29, 2017 |
Please can someone put me through on how to go about this? Which bank is advisable to start with having a start up of about 50k. Please help a brother. I don't just get it. Thanks and God bless. 1 Like 1 Share |
Re: Mutual Funds by Calivagas28: 6:20pm On Sep 29, 2017 |
So many believe there are no genuine site that can payout to our local account for reading and viewing ads.. The truth is that, there are still good ones out there. Signup/Join on this site and go home smiling. http://vuhyredrse.bid/6205626300041/ This isn't a ponzi platform. You are not expected to invest anything except your time. Thank me later. |
Re: Mutual Funds by RedCapChief(m): 12:21am On Oct 02, 2017 |
ernie4life: You're right. A system with so much money chasing few products is not ideal. Who will prevent a scenario where money from Zenith's Equity Fund is used to buy up shares of Zenith Bank (thereby inflating the price). Like you said, what we need are more unique products that are available to retail investors. ETFs are the rave on Wall Street, yet we have very few here. We should be able to buy a part of a fund that invests solely in Eurobonds not mixing it with the bonds of Gombe state. On another matter, I believe we already have real estate funds. Is that what REITS are? i.e Skye Shelter Fund and UPDC REIT. (cc: feelamong, emmanuelewumi) I stand corrected if I'm wrong. I think the problem with REITS is that the real estate market in Nigeria is not vibrant. There aren't enough products because the market is not regulated. I tried to get a bit of Afriland recently, but to no avail. |
Re: Mutual Funds by megacontrol(m): 4:16pm On Oct 03, 2017 |
Guys in thinking short term (about 60days or so) which direction should i be looking to invest a fund that i don't quite need for now. T-bilss vs MMF vs Fixed deposit (good rate) Fixed Deposit: So far from my little research renmoney could do 20%p.a. on 10m, this will fetch me about 313k in 60days. I don't know if other institutions will beat that but that profit of 313k will form my minimum/base for comparison. So my question to the experts in the house is: Can i do better than that with T-bills or MMF given the short tenure? If yes, how? Note: I am definitely liquidating at the end of the 60-70days tenure to utilise the funds.I need to make a decision quickly and push the funds out. Thanks a lot |
Re: Mutual Funds by dotcomnamename: 4:38pm On Oct 03, 2017 |
megacontrol: Go for Treasury Bills. 1 Like |
Re: Mutual Funds by Kemade2007(f): 5:19pm On Oct 03, 2017 |
dotcomnamename: Only secondary market |
Re: Mutual Funds by Houstency(m): 6:07pm On Oct 03, 2017 |
*. |
Re: Mutual Funds by dotcomnamename: 6:12pm On Oct 03, 2017 |
Kemade2007: Yes. Secondary market . 1 Like |
Re: Mutual Funds by dotcomnamename: 6:13pm On Oct 03, 2017 |
Houstency: Ill rather go to Bank than any other private Investment House that offer rates that look too good to be true |
Re: Mutual Funds by Mup4life: 8:29pm On Oct 03, 2017 |
Hello house, My stanbic ibtc mmf account was credited for just one day instead of three days today. Any body noticed this ? Modified: i have been credited for the complete days. 1 Like |
Re: Mutual Funds by Trapqueeen: 8:36pm On Oct 03, 2017 |
Mup4life: Same |
Re: Mutual Funds by od4life(m): 8:41pm On Oct 03, 2017 |
Mup4life:Same with mine. Also I noticed on my mutual funds account that there was no quarterly roll-over, as had been the case previously. |
Re: Mutual Funds by Kemade2007(f): 8:44pm On Oct 03, 2017 |
Mup4life: Same here |
Re: Mutual Funds by Kemade2007(f): 8:49pm On Oct 03, 2017 |
Please house i redeem part of my stanbic MMF online today and it was successful. Please I didn't receive any mail concerning this and it has not been debited on my MMF account .When should I expect that and was it successful indeed because I didn't fill any redemption form than the command from the site |
Re: Mutual Funds by Mup4life: 9:16pm On Oct 03, 2017 |
Guess then it's general, i have to call tomoro if am not credited. |
Re: Mutual Funds by Mup4life: 9:17pm On Oct 03, 2017 |
Kemade2007:the always say it takes 5 working days to process. |
Re: Mutual Funds by Mup4life: 9:18pm On Oct 03, 2017 |
od4life:think you would have to let them know abt this. |
Re: Mutual Funds by dotcomnamename: 9:53pm On Oct 03, 2017 |
Mup4life: Is it a must to redeem? |
Re: Mutual Funds by Kemade2007(f): 9:57pm On Oct 03, 2017 |
dotcomnamename: Not a must. But you can redeem part /all your money if you need it after 30days without penalty |
Re: Mutual Funds by dotcomnamename: 10:01pm On Oct 03, 2017 |
Kemade2007: After 30 days or you mean before 30 days? |
Re: Mutual Funds by Mup4life: 10:04pm On Oct 03, 2017 |
dotcomnamename:No, when you need your funds you can redeem(withdraw) all or part of your funds. 1 Like |
Re: Mutual Funds by Kemade2007(f): 10:24pm On Oct 03, 2017 |
dotcomnamename: Redeemable after 30days |
Re: Mutual Funds by Kemade2007(f): 10:40pm On Oct 03, 2017 |
Kemade2007: My account has been credited with four days |
Re: Mutual Funds by afroxyz: 5:06am On Oct 04, 2017 |
Plz.house I would like to invest in Stanbic MMF. From my research I understand the holding period is for 90 days. However, can I keep adding more capital to my initial investment before the expiration if the 90 day period? |
Re: Mutual Funds by Mup4life: 7:29am On Oct 04, 2017 |
afroxyz:The holding period is 30 days not 90, you can start redeeming(withdrawing) after the holding period without any penalties and you could also top up your initial investment anytime. 1 Like |
Re: Mutual Funds by tunde4top(m): 9:06am On Oct 04, 2017 |
Hello my people. What could be the problem ?. I registered for Stanbic MMF on Sep 12. As at yesterday, my accumulated profit was 7579 but after checking this morning I am only seeing 1191 as my total profit. Even as at that yesterday, like 2 days earnings were not added. Why are all these things happening ? |
Re: Mutual Funds by tunde4top(m): 11:55am On Oct 04, 2017 |
tunde4top: I just spoke to their customer service agent. I was told that the sept quarterly payment was just activated yesterday. The transfer of 7k plus has already been initiated to my bank account. The quaterly payment system is not based on 3 3 months after your registration but fixed quarterly calendar for everybody (Jan-March, April-June, July-Sep and Oct-Dec). I was also told that 10 -10% tax will be charged for quarterly earnings. |
Re: Mutual Funds by Mup4life: 2:54pm On Oct 04, 2017 |
I was informed by stanbicibtc mmf customer care , that henceforth, compounding would be done daily rather than the usual quaterly compounding. Any body heard or know about this? |
Re: Mutual Funds by dotcomnamename: 4:14pm On Oct 04, 2017 |
Wait o, i don't understand this StanbicIBTC Money Market Funds account O! Yesterday my capital was in excess of 250, when i check now the 250 has reduced to 150. Whats happening? |
Re: Mutual Funds by Kemade2007(f): 8:02pm On Oct 04, 2017 |
Kemade2007: Unbelievable!! I redeemed online yesterday and my account credited today. Just a day so easy |
Re: Mutual Funds by Kemade2007(f): 8:04pm On Oct 04, 2017 |
Unbelievable!! I redeemed online yesterday and my account credited today. Just a day so easy |
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