I appreciate your candor Freeman67. This is helps a lot. Thank you

freeman67:



As a former subscriber of VDF I can boldly tell you that capital is guaranteed. What is not guaranteed is your interest ( I am not sure I got upto $2 for investment of just $1,000 when I terminated the investment after about 9 months.) and opportunity to monitor your investment.(My main reason for terminating the investment.) I kept requesting for a means/access to my account to no avail so I had to terminate.


The only good side to them is that you can deposit the USD to their account (ledger account) with GTB thereby saving you transfer cost unlike Stanbic that you must transfer.

Hello, could someone advise on the best investment house for a dollar mutual fund, please? Thank you.

[1quote author=nna777 post=81720720]

MMFs are not tax deductible. That is why it has little or no risk attached. The descripancy of the interest you see is net. so that means the difference you see is the Fund Manager pay.

You can try axa. what is quoted on their site is what they give and currently it's 12.12%. Hope this helps[/quote]

Thanks, this is very helpful.

At the current rate of 11.94%, it is meant to be 1308 and they remit 1233. This is exactly what I am complaining about. Is this experience similar with Fbnquest, Axamansard or United Capital?

olypharm:
I invested 4million in stanbic MMF and am credited 1233 everyday, is it right? How can I know d rates. Am new to this

Ok thanks. I contacted them and they said the variance is attributable to taxes on the MMF. Is this the same with other investment houses?

eghos24:
the pqercentage are not fixed. if you aren't sure you can walk into the bank and complain.

I recently invested in Stanbic Ibtc's MMF, but the interest paid does not correspond with the interest rate advertised on their website. Is this the same with Fbnquest because I am considering moving over to them? Anyone with experience using both investment houses? Thanks

Dmasked1:


Sorry also got the invite, Glo network has been terrible

were you successful?

Vicrown:
NYSC thinks it is torturing me, but God has planned my life out already.

After graduating in 2015 (technically 2014) and failing to serve because of some mixups

Then I was involved in a car accident that grounded me for another one year.

Now that I have finally registered, NYSC has turned deaf and dumb concerning stream two.

But as God has a way of compensating his children, at about 12:30pm today I received an email that I have been granted a full scholarship at the London school of economics with monthly allowance, everything totalling to about 35,000 pounds.

God doesn't sleep.

congratulations!

Hello did you get the chevening scholarship?

harlahow:
No. Pls prepare 1to answer this question very well. What will the UK benefit from u chevening scholarship?