hoebamaa:

Thanks...Can i have your email address or whatapp number,I'll like to contact you.

Of course, you can reach me on WhatsApp or email..
Do well to send a pm or drop an email...

So you mean one can start with 5 thousand Naira in the after mentioned of (1) and (2) below?
quote author=eezeribe post=68867321]
If you take time to go through the thread, every question you asked has been answered so many times, but I will give you a summary...
You can start with as little as 5k, or as much as your networth.
1)mutual funds are good for long term investments...
2)Stanbic, investment one, ARM, AxA Mansard, FBN holdings, etc
3)Interest rates are calculated per annum, investment could be monthly or one time depending on your goals...
[/quote]

eamodu:

So you mean one can start with 5 thousand Naira in the after mentioned of (1) and (2) below?
quote author=eezeribe post=68867321]
If you take time to go through the thread, every question you asked has been answered so many times, but I will give you a summary...
You can start with as little as 5k, or as much as your networth.
1)mutual funds are good for long term investments...
2)Stanbic, investment one, ARM, AxA Mansard, FBN holdings, etc
3)Interest rates are calculated per annum, investment could be monthly or one time depending on your goals...

Yes. The minimum starting capital for some mutual funds such as the stanbic ibtc mmf is 5000 naira.

eezeribe:

Do well to send a pm or drop an email...

Jennyjizu@gmail.com
Thank you.

Jeez2:
Jennyjizu@gmail.com Thank you.

Sent... You are welcome.

jpphilips:


The thing is; the rates you read from FNM are not actual rates, some will advertise your yield plus their charges as their rates, while some are honest to remove their charges and quote your actual yield. perhaps most folks have tried and realized all that glitters ain't gold reason they backed off.

jpphilips,

your post sum it all on what I have been able to gather so far.

I diversify my funds across various MMF and Im also thinking about backing off, SIBTC MMF did not meet up to my expectation and Invest-one ABACUS so far is good...waiting for the VGIF to mature.

Like you said all that "glitters is not gold" maybe why some folks still prefer the NTB to MMF.

What about creating a pool of funds with like minds and invest in FGN Bonds (Not the savings bonds)

For new and prospective investors, always try to go through the pages of this thread, most of the questions that may arise would have already been treated in the previous pages.
Please pay attention to page one where the boss ernie4life did justice to the various types of funds and their ratios of portfolios.
Try to always do a diligent research on the various types of funds available, to know the particular ones that would meet your long term or short term goals, in proportion to your risk ability.
You should also do well to check the following about the fund you may be interested in :
Performance history
Price history
Year to date performance
Portfolio distribution
Average yield rate, etc

Good day house... How can I start investing with investment one? Is it by going to any gtb bank or online? Someone should Pls share link if it's online... Thanks

eamodu:
Good day house... How can I start investing with investment one? Is it by going to any gtb bank or online? Someone should Pls share link if it's online... Thanks

ernie4life kindly come through on this..

eamodu:
Good day house... How can I start investing with investment one? Is it by going to any gtb bank or online? Someone should Pls share link if it's online... Thanks

You have 3 options, you can either fill the form online with a link I will send you or
I send you the form, you print and send back to me with supporting documents or
You can go to any of investment one office

Personally I will recommend you fill the form and scan back to me, it will be faster within 48 hours your account will be created plus log in details to view and monitor your invest.

The choice is yours

OK, kindly send to eamodu87@gmail.com..thanks sir

ernie4life:


You have 3 options, you can either fill the form online with a link I will send you or
I send you the form, you print and send back to me with supporting documents or
You can go to any of investment one office

Personally I will recommend you fill the form and scan back to me, it will be faster within 48 hours your account will be created plus log in details to view and monitor your invest.

The choice is yours

eezeribe:

Sent.

Please kindly send a copy to kacy2luv@hotmail.com

Do you have an idea when these investment houses do their compounding?

1. Stanbic IBTC
2. Arm
3. Investment one

I'll await your response to move forward with their MMF

eezeribe:

Sent... You are welcome.

seen, thanks again.

kaycodes:


Please kindly send a copy to kacy2luv@hotmail.com

Do you have an idea when these investment houses do their compounding?

1. Stanbic IBTC
2. Arm
3. Investment one

I'll await your response to move forward with their MMF

PDF sent...
I will answer for number one. Stanbic ibtc mmf has recently switched from quarterly to periodic compounding.
According to them, the periodic is better than the quarterly because the compounding now occurs more frequently.

For ARM maybe you could send them a mail for enquiry.
For investment one, I will mention ernie4life to put you through.

Jeez2:
seen, thanks again.

Alright. You are welcome.

kaycodes:


Please kindly send a copy to kacy2luv@hotmail.com

Do you have an idea when these investment houses do their compounding?

1. Stanbic IBTC
2. Arm
3. Investment one

I'll await your response to move forward with their MMF

Investment one is quarterly

eezeribe:

PDF sent...
I will answer for number one. Stanbic ibtc mmf has recently switched from quarterly to periodic compounding.
According to them, the periodic is better than the quarterly because the compounding now occurs more frequently.

For ARM maybe you could send them a mail for enquiry.
For investment one, I will mention ernie4life to put you through.

Thank you. Will start with Stanbic and e-mail sent to ARM. Will run a parallel fund and see which one does better and then consolidate.

what's the latest rate for stanbic mmf

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yak:
what's the latest rate for stanbic mmf

Stanbic Ibtc MMF site and portal are undergoing maintenance. There's no way to access their rate till Monday.

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umulobi:

Stanbic Ibtc MMF site and portal are undergoing maintenance. There's no way to access their rate till Monday.

thanks. I got the mail too

kaycodes:


Thank you. Will start with Stanbic and e-mail sent to ARM. Will run a parallel fund and see which one does better and then consolidate.

You are welcome... Your plan is good.

ernie4life:


Investment one is quarterly

Can I Redeem my interest quarterly too?
Or is it at the end of the tenure ? Thanks
I’m looking to invest in MMf sometime

m784n:

Can I Redeem my interest quarterly too?
Or is it at the end of the tenure ? Thanks
I’m looking to invest in MMf sometime

Anyone you prefer

ernie4life:


Anyone you prefer

ok
Thanks

eezeribe:

Compounding occurs quarterly, not daily,so therefore interest earned today doesn't form part of tomorrow's capital, however, interests earned in the course of three months (a quarter) would form part of the the capital for the next quarter if and only if (IFF) the fund owner indicated in his account opening clause that interests accrued should be automatically reinvested in funds.

I opened an account earlier at stanbic and cannot remember whether I indicated interests should be reinvested or not, how can I know as this stage?

RalphVwede:

I opened an account earlier at stanbic and cannot remember whether I indicated interests should be reinvested or not, how can I know as this stage?

There are some methods :

(1)You can know by logging into your account, via the website (not the app).
Then check your subscription column, if you only have new subscription or top up subscription(s) under the column, it means your interests are not compounding.
But if part of your daily interests are added under your subscription column(with specific dates), it means you are on compounding.

(2)check your net inflow, if the amount you see is only the amount you used to open the mutual fund or the total of all your top ups plus initial capital, it means you are not on compounding.
But if your net inflow is higher than your initial capital plus all your top ups, it means you are on compounding.

If after all you discover you are not on compounding or this method doesn't seem clear to you, just apply for a dividend mandate modification via email or phone, and request for your interests to be reinvested.

umulobi:

Stanbic Ibtc MMF site and portal are undergoing maintenance. There's no way to access their rate till Monday.

The portal is live now.. Rate as at 5:13 pm today is 12.3 for MMF

yak:
what's the latest rate for stanbic mmf

12.3 right now

eezeribe:
12.3 right now

thanks Bro. the way this thing is going down eh

yak:


thanks Bro. the way this thing is going down eh

I swear Bro, it's the capital market in general, interest rates are really going down, even treasury bills...