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Mutual Funds - Investment (243) - Nairaland

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Re: Mutual Funds by moneywoman74: 12:13pm On Jun 12, 2020
Please how do you do the redemption, i tried to redeem from my FBNedge after everything it was asking me of pin which i don't know or seems to have, i remembered sending them an email sometimes ago asking them of the pin which i get no response from them.

RoyalP101:


Good evening, I redeem on my FB edge yesterday around 2:00 Pm and my account was credited this morning.
Re: Mutual Funds by RoyalP101(m): 5:34pm On Jun 12, 2020
moneywoman74:
Please how do you do the redemption, i tried to redeem from my FBNedge after everything it was asking me of pin which i don't know or seems to have, i remembered sending them an email sometimes ago asking them of the pin which i get no response from them.


You will have to put the pin. Every body has a pin during registration. May be you have forgotten. Just try and get in touch with them
Re: Mutual Funds by moneywoman74: 2:56pm On Jun 13, 2020
You are very correct, i have searched through my records and found where i wrote the pin.
Please if i initiate the withdrawal by Monday morning, how many days will i wait before getting it?

Thanks



[quote author=RoyalP101 post=90594813


You will have to put the pin. Every body has a pin during registration. May be you have forgotten. Just try and get in touch with them
[/quote]
Re: Mutual Funds by reservd(m): 5:07pm On Jun 13, 2020
moneywoman74:

You are very correct, i have searched through my records and found where i wrote the pin.
Please if i initiate the withdrawal by Monday morning, how many days will i wait before getting it?

Thanks



So you can't recollect your pin and u wan withdraw, well if u don't get it same day, expect it next day
Re: Mutual Funds by Nobody: 4:21pm On Jun 15, 2020
moneywoman74:
Please how do you do the redemption, i tried to redeem from my FBNedge after everything it was asking me of pin which i don't know or seems to have, i remembered sending them an email sometimes ago asking them of the pin which i get no response from them.


Is it true FBN interest per annum is 6% on money market?
Re: Mutual Funds by guruvick(m): 7:21pm On Jun 16, 2020
Tundexi:


Is it true FBN interest per annum is 6% on money market?

I don’t think it’s up to 6% anymore

1 Like

Re: Mutual Funds by ernie4life(m): 8:31am On Jun 17, 2020
Forget what people are saying i doubt if any money market fund is performing above 5%, Bulk of all funds in money market funds are invested in treasury bills, if treasury bills is trading below 6%, how then can the fund be trading above 6%? you may argue that commercial papers are offering above 6% which takes us to the question of what percentage of the total portfolio is invested in Commercial papers .
If 70% of the total AUM is invested in Treasury bills, 25% Commercial papers and 5% cash, do you think that the 25% is significant to drive the rate up when 70% is down?
Am only saying this so that we moderate our expectations.

4 Likes

Re: Mutual Funds by Nobody: 2:24pm On Jun 17, 2020
This fund is not best to invest on especially during this pandemic.

4 Likes 2 Shares

Re: Mutual Funds by InvestorsMind: 7:15pm On Jun 17, 2020
Tundexi:
This fund is not best to invest on especially during this pandemic.

You're right. Just that "half bread is better than none". But personally, I'd rather dump my money on 19% of Nigeria Farmers Group Corporative Society, NFGCS rice investment.

3 Likes 1 Share

Re: Mutual Funds by oneroflo57(m): 8:07pm On Jun 17, 2020
InvestorsMind:


You're right. Just that "half bread is better than none". But personally, I'd rather dump my money on 19% of Nigeria Farmers Group Corporative Society, NFGCS rice investment.

Please elucidate more on this if you don't mind
Re: Mutual Funds by DexterousOne(m): 12:16am On Jun 18, 2020
ernie4life:
Forget what people are saying i doubt if any money market fund is performing above 5%, Bulk of all funds in money market funds are invested in treasury bills, if treasury bills is trading below 6%, how then can the fund be trading above 6%? you may argue that commercial papers are offering above 6% which takes us to the question of what percentage of the total portfolio is invested in Commercial papers .
If 70% of the total AUM is invested in Treasury bills, 25% Commercial papers and 5% cash, do you think that the 25% is significant to drive the rate up when 70% is down?
Am only saying this so that we moderate our expectations.

Well said
Re: Mutual Funds by emmasoft(m): 1:45pm On Jun 18, 2020
Alternative investment to MMF and Tbills
Check the link
https://www.nairaland.com/878880/treasury-bills-nigeria/1332#90805636
Re: Mutual Funds by Dsticks47(m): 11:35am On Jun 21, 2020
To Fathers, whose consistent time, presence, emotional and financial investments create meaningful impacts in the lives of the family every single day.

Happy Father’s Day

Re: Mutual Funds by CribsofLagos(f): 11:57am On Jun 21, 2020
ernie4life:
Forget what people are saying i doubt if any money market fund is performing above 5%, Bulk of all funds in money market funds are invested in treasury bills, if treasury bills is trading below 6%, how then can the fund be trading above 6%? you may argue that commercial papers are offering above 6% which takes us to the question of what percentage of the total portfolio is invested in Commercial papers .
If 70% of the total AUM is invested in Treasury bills, 25% Commercial papers and 5% cash, do you think that the 25% is significant to drive the rate up when 70% is down?
Am only saying this so that we moderate our expectations.




Forget Mutual Funds for now and invest with a Fintech with guaranteed ROI @ 10% for target savings and @12% for fixed term incomes... use the link below to achieve your financial goals today.

https://app.pettysave.com/s/MICHB
Re: Mutual Funds by Aquilapriscilla: 2:53pm On Jun 21, 2020
InvestorsMind:


You're right. Just that "half bread is better than none". But personally, I'd rather dump my money on 19% of Nigeria Farmers Group Corporative Society, NFGCS rice investment.
shocked
Re: Mutual Funds by emmanuelewumi(m): 3:21pm On Jun 21, 2020
InvestorsMind:


You're right. Just that "half bread is better than none". But personally, I'd rather dump my money on 19% of Nigeria Farmers Group Corporative Society, NFGCS rice investment.


Good luck to you.

I will rather buy corporate bonds of between 11% to 12%

4 Likes

Re: Mutual Funds by emmanuelewumi(m): 3:23pm On Jun 21, 2020
oneroflo57:


Please elucidate more on this if you don't mind


Be very careful. But you can afford to speculate using funds that won't affect you adversely in such ventures
Re: Mutual Funds by emmanuelewumi(m): 3:25pm On Jun 21, 2020
CribsofLagos:





Forget Mutual Funds for now and invest with a Fintech with guaranteed ROI @ 10% for target savings and @12% for fixed term incomes... use the link below to achieve your financial goals today.

https://app.pettysave.com/s/MICHB




Different strokes for different folks.

Who are the Trustees of this Investment. Is this Investment regulated by SEC.

5 Likes

Re: Mutual Funds by Kemade2007(f): 10:36pm On Jun 21, 2020
emmasoft:
Alternative investment to MMF and Tbills
Check the link
https://www.nairaland.com/878880/treasury-bills-nigeria/1332#90805636

Can I do everything online or I will need to visit the bank to complete it
Re: Mutual Funds by CribsofLagos(f): 11:07pm On Jun 21, 2020
emmanuelewumi:



Different strokes for different folks.

Who are the Trustees of this Investment. Is this Investment regulated by SEC.



If I answered yes to all your questions I be stating the obvious... kindly conduct an Integrity Due Diligence, by googling or consulting your trusted financial advisor for more info.
Re: Mutual Funds by emmasoft(m): 12:10am On Jun 22, 2020
Kemade2007:


Can I do everything online or I will need to visit the bank to complete it

You can do everything online. Just click the link on my signature to complete the form online. You will be requested to upload the following: Passport photo, ID card, utility bill and your signature on the last page of the form. After completing the form, it will be acknowledged, thereafter your account details will be sent to you in 48 hrs or less.
Re: Mutual Funds by Freciprocal: 7:21am On Jun 22, 2020
CribsofLagos:



If I answered yes to all your questions I be stating the obvious... kindly conduct an Integrity Due Diligence, by googling or consulting your trusted financial advisor for more info.

I believe u are selling a product/service. Why can't you answer a potential clients question?

Why are u being evasive? Are u not conversant with the product/service you are selling?

Do I need to also Google the questions I just asked you?

3 Likes

Re: Mutual Funds by emmanuelewumi(m): 8:01am On Jun 22, 2020
Freciprocal:


I believe u are selling a product/service. Why can't you answer a potential clients question?

Why are u being evasive? Are u not conversant with the product/service you are selling?

Do I need to also Google the questions I just asked you?


He is a marketer and a hustler, who markets anything that will put food on his table, from bitcoins to land to accommodation to Fintech products.

3 Likes

Re: Mutual Funds by aieromon(m): 9:14am On Jun 22, 2020
CribsofLagos:



If I answered yes to all your questions I be stating the obvious... kindly conduct an Integrity Due Diligence, by googling or consulting your trusted financial advisor for more info.

You can't answer Yes because there is no evidence on the SEC website. There is no such information on the Pettysave website as well.

If you can't provide a satisfactory answer to a potential client, you have come to the wrong place.

4 Likes

Re: Mutual Funds by CribsofLagos(f): 2:59pm On Jun 22, 2020
aieromon:


You can't answer Yes because there is no evidence on the SEC website. There is no such information on the Pettysave website as well.

If you can't provide a satisfactory answer to a potential client, you have come to the wrong place.


If you only invest in SEC approved ventures I wish you well.. Pettysave have been around for awhile and a lot of folks referred have no regrets. YES there aren’t SEC accredited yet to the best of my knowledge, but for over a year they have left no stone unturned in building credibility and sustaining the trust current clients enjoy. All investments are risky, I only shared an investment opportunity worth sharing. Cheers
Re: Mutual Funds by mira4u: 4:00pm On Jun 22, 2020
I've been trying to make transfer via my verve card to my e-account but I've been getting this 'not successful' message each time. Please, is anyone facing the same challenge with stanbic?
Re: Mutual Funds by talk2tonie: 4:05pm On Jun 22, 2020
CribsofLagos:



If you only invest in SEC approved ventures I wish you well.. Pettysave have been around for awhile and a lot of folks referred have no regrets. YES there aren’t SEC accredited yet to the best of my knowledge, but for over a year they have left no stone unturned in building credibility and sustaining the trust current clients enjoy. All investments are risky, I only shared an investment opportunity worth sharing. Cheers

Lol

2 Likes

Re: Mutual Funds by GonFreecss1: 5:05pm On Jun 22, 2020
CribsofLagos:



If you only invest in SEC approved ventures I wish you well.. Pettysave have been around for awhile and a lot of folks referred have no regrets. YES there aren’t SEC accredited yet to the best of my knowledge, but for over a year they have left no stone unturned in building credibility and sustaining the trust current clients enjoy. All investments are risky, I only shared an investment opportunity worth sharing. Cheers


There is a reason why people invest in SEC approved securities. If you don’t invest in SEC regulated ventures we also wish you well.

Do your customers have access to your financial statements? You say they have been here for long? Longer than GT bank? Or Nestle? Thanks. Will rather leave my money in those securities.

5 Likes

Re: Mutual Funds by adekzy: 2:26am On Jun 23, 2020
emmasoft:



I will advise you go for VGIF currently the rate is 8.5% guaranteed. You also will get an additional 35% of the excess profit of the fund. Which makes it about 11% in all.

So what is Investment 1 charges on withdrawal. And can I subscribe to it via the Zing App.

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