lgboks:

dammy222 read this thread

Peacelikeariver:
Please how do I request that my quarterly income distribution for stanbic mmf be reinvested automatically without being paid into my personal account. I have sent email before but my last quarterly has just been paid to my account without being reinvesting as requested.

jujutom:


Is there a way to knw how much they make? Like how did u knw dey made 15.67?

Pr0cter:
Hello everyone,

please i'll like to know how long does it take to see your online username and password when you open a MMF account with stanbic ibtc bank. I invested in their MMF on Tuesday and as at now, i haven't gotten my account details and notification of the money invested.

jpphilips:

So they make 15.67% then remit just 11% to the fund owner, interesting! !

Pr0cter:
Hello guys. Thanks to you all for enlightening me. I just crafted a MMF investment with Stanbic Ibtc bank and I feel overwhelmed investing because practically it my first investment in life. I'm in my early 20's

Thanks to you all and I'm following this thread bumper to bumper to learn about more investment schemes

cybertek:

Have you received yours? Mine havent been paid want to even reinvest it back.

Peacelikeariver:
Yes, I received alert of the payment from my bank yesterday.

Olakunle007:
Hey folks, I was in First Bank on Tuesday along with my brother to make an inquiry about First Bank fixed deposit. The woman who attended to us told us told us 4% for 30 days duration (1 month) which we are okay with.

So on Wednesday, we went there to fix #500.000 and the woman she would make it 5%. She asked us to come back for the certificate.

And today, this is what I see in the letter which my brother has already endorsed.

I'm thinking the calculation is not correct. Please explain better...

Olakunle007:
Hey folks, I was in First Bank on Tuesday along with my brother to make an inquiry about First Bank fixed deposit. The woman who attended to us told us told us 4% for 30 days duration (1 month) which we are okay with.

So on Wednesday, we went there to fix #500.000 and the woman she would make it 5%. She asked us to come back for the certificate.

And today, this is what I see in the letter which my brother has already endorsed.

I'm thinking the calculation is not correct. Please explain better...

Olakunle007:
Hey folks, I was in First Bank on Tuesday along with my brother to make an inquiry about First Bank fixed deposit. The woman who attended to us told us told us 4% for 30 days duration (1 month) which we are okay with.

So on Wednesday, we went there to fix #500.000 and the woman she would make it 5%. She asked us to come back for the certificate.

And today, this is what I see in the letter which my brother has already endorsed.

I'm thinking the calculation is not correct. Please explain better...

Olakunle007:
Hey folks, I was in First Bank on Tuesday along with my brother to make an inquiry about First Bank fixed deposit. The woman who attended to us told us told us 4% for 30 days duration (1 month) which we are okay with.

So on Wednesday, we went there to fix #500.000 and the woman she would make it 5%. She asked us to come back for the certificate.

And today, this is what I see in the letter which my brother has already endorsed.

I'm thinking the calculation is not correct. Please explain better...

ajeleomo:


If this is deposited into Stanbic ibtc yeild Saving account, you will earn 6.5% per annum as long as you did not withdraw more than thrice per month, So for me this is a wrong investment Sir

Olakunle007:


Yes, it's a wrong investment. But I can't really see the difference between the two. 6.5% per annum is 32,000. First bank fixed deposit is also 6.5% per annum. Non of the investment move me.

Could someone please suggest better Money market one can invest in?

Olakunle007:


Yes, it's a wrong investment. But I can't really see the difference between the two. 6.5% per annum is 32,000. First bank fixed deposit is also 6.5% per annum. Non of the investment move me.

Could someone please suggest better Money market one can invest in?

ernie4life:


Try Afrinvest NDIF currently 16.55%

ernie4life:


Try Afrinvest NDIF currently 16.55%

ernie4life:


Try Afrinvest NDIF currently 16.55%

Ehuatamuigunisi:


Could you provide more information on this fund with safety of fund in focus.

ajeleomo:


How true is this? and if it is then why is everyone saying Tbilss is the best investmestment then... kindly clarify and give us more indepth fact on NDIF Sir

Pr0cter:


Hello sir, I've been considering investing with Afri invest for FGN Saving bonds, but I'll like to ask like how much will you suggest to a young guy that's just starting life that's substantial to invest for a 2 year period that will yield return. Please I need figures.

I've got some spare cash, though I intend investing in acres of cassava farm this November but I'm just weighing other available options

ernie4life:



FGN savings bond is very secured so have no fear, basically bonds gives you the opportunity to lock in your funds at a "rate" for a long period of time, for savings bonds its probably 3 years with quarterly payments.
your only concern is if you are locking your funds at a good rate on the long run, the only way to answer that is do your forecast.
So, if you feel rates will go substantially higher than the current level then you may want to stick to money market but if you see rates crashing downwards then locking your funds at current rate is advisable

I cant tell you how much you should do because i dont know your income and your expenditure.

But you can use the mathematical formula below to calculate what ever you will get(yield) at the end of the period, with the formular below am assuming you are going to reinvest your quarterly interest at thesame rate as the bond.

Ehuatamuigunisi:
ARM MMF just paid the 3rd quarter interest today.

Pr0cter:


Yeah. I also got their text and email this morning. To me, their rate aren't very good. I stand to be corrected. Though I didnt invest much fund in their MMF

Yem0350:

What rate did you get?

Pr0cter:


well from my calculations, the intrest rate is 12.26%

Though my invested capital isn't that much, perhaps that's why I didn't get much return

Pr0cter:


Thanks alot, but can you kindly use a #100,000 to show how to calculate the future rate. I mean if for example I choose to invest #100,000 to FGN saving bonds using the current October rate.

I ask for this because I don't understand the m*n function.

ernie4life:


m stands for number of times the interest is compounded, so since FGN savings bond pays interest every quarter and you have 4 quarters in a year,
M= 4
N is the number of years, so since its 3 years , N= 3

working by this and also assuming that you keep reinvesting your interest at same interest of the bond which in this case is 12%

at the end of 3years, you should have 142,576 naira