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Mutual Funds - Investment (292) - Nairaland 2gv7

Mutual Funds (1173121 Views)

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SophieAbou97: 7:54pm On Apr 05, 2023
I need investment for my business
YoungBuffet: 6:38pm On Apr 06, 2023
Pls house what is the current rate of Stanbic nmf?
Apitch(m): 7:10pm On Apr 06, 2023
YoungBuffet:
Pls house what is the current rate of Stanbic nmf?

9.12%
YoungBuffet: 7:38pm On Apr 06, 2023
Apitch:


9.12%

Thanks
Windblown2much: 10:54pm On Apr 06, 2023
I'm new to the thread pls I want to invest but there are some clarification I would let to get b4 investing.

Does the investment have a validity/expiring period?

Is the percentage profit withdrawable each month? Leaving the capital untouch.
sgtponzihater1(m): 11:08pm On Apr 06, 2023
Windblown2much:
I'm new to the thread pls I want to invest but there are some clarification I would let to get b4 investing.

Does the investment have a validity/expiring period?

Is the percentage profit withdrawable each month? Leaving the capital untouch.



Mutual fund do not usually have expiry periods, except the fund goes burst. Many have a minimum investment period before you can withdraw without losing some of your interest.

You can ask them to pay your interest usually quarterly, and a few do monthly, if you do not want to re-invest.

There are different type of mutual funds. Money market funds usually guarantees your principal. Stock based mutual funds fluctuate based on the market performance and your principal is not guaranteed. They however traditionally offer the high return over the long haul.
Hafeexla(m): 12:05am On Apr 07, 2023
I have a 50$ facebook ads credit for sale. Reduced price. A chance to take your business to another level.
Chijohn42k(m): 12:06am On Apr 08, 2023
emmasoft:


MDBs sells tbills but those that offer the services of asset management or fund management do so through their subsidiary. Those subsidiaries operate as seperate entities.

The likes of FBN, FCMB, STANBIC, GTCO all do through their subsidiaries.

So in the real sense no bank offer mutual fund services.


thank you Boss, is it possible for me to fill the form online then do the transfer to details they will provide for me.
emmasoft(m): 8:37am On Apr 08, 2023
Chijohn42k:
thank you Boss, is it possible for me to fill the form online then do the transfer to details they will provide for me.

Very possible and that is actually the best method to open an .

To open , click the link on my signature. Complete the form that comes up.
After submission, details will be sent to your email.
You will need a port photo, ID card, utility bill that is not older than three months to complete your registration.
You can also chat me up with the number on my signature if you need any assistance or clarification.

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Chijohn42k(m): 9:07am On Apr 08, 2023
emmasoft:


Very possible and that is actually the best method to open an .

To open , click the link on my signature. Complete the form that comes up.
After submission, details will be sent to your email.
You will need a port photo, ID card, utility bill that is not older than three months to complete your registration.
You can also chat me up with the number on my signature if you need any assistance or clarification.
thank you Boss
Windblown2much: 11:41am On Apr 08, 2023
sgtponzihater1:



Mutual fund do not usually have expiry periods, except the fund goes burst. Many have a minimum investment period before you can withdraw without losing some of your interest.

You can ask them to pay your interest usually quarterly, and a few do monthly, if you do not want to re-invest.

There are different type of mutual funds. Money market funds usually guarantees your principal. Stock based mutual funds fluctuate based on the market performance and your principal is not guaranteed. They however traditionally offer the high return over the long haul.
Thanks for the clarification. Base on mutual funds pls must one have an with the Bank he/she wants to invest in? And can one invest and b able to increase the investment capital within the period of investment OR the investment amount must b static during the investment period?
sgtponzihater1(m): 2:27pm On Apr 08, 2023
Windblown2much:
Thanks for the clarification. Base on mutual funds pls must one have an with the Bank he/she wants to invest in? And can one invest and b able to increase the investment capital within the period of investment OR the investment amount must b static during the investment period?

You any mutual fund company not minding what bank you hold.

You can invest into your fund as frequently as you want, and can use it as a vehicle to wealth building over time.

Happy to help at any time if you need further clarification.

PonziHater
freeman67: 5:46pm On Apr 08, 2023
I don't know if any is facing same issues here. I jave been trying to access my Stanbic IBTC mutual fund through their mobile app and internet access since Thursday to no avail. It will just act as if the internet is bad and wont display anything. I have been using same network for every other thing on my phone without issues. In fact I even use it to open my Stanbic IBTC Bank section of the app.

What seem to be the issue please?
sgtponzihater1(m): 5:53pm On Apr 08, 2023
freeman67:
I don't know if any is facing same issues here. I jave been trying to access my Stanbic IBTC mutual fund through their mobile app and internet access since Thursday to no avail. It will just act as if the internet is bad and wont display anything. I have been using same network for every other thing on my phone without issues. In fact I even use it to open my Stanbic IBTC Bank section of the app.

What seem to be the issue please?

They sent a mail out that they'll be down from a maintenance between Thursday and Monday, I believe this would be the reason.
freeman67: 6:19pm On Apr 08, 2023
sgtponzihater1:


They sent a mail out that they'll be down from a maintenance between Thursday and Monday, I believe this would be the reason.

Ok,Thank you. I didn't get the mail that's why I was worried.
sgtponzihater1(m): 8:19pm On Apr 08, 2023
freeman67:


Ok,Thank you. I didn't get the mail that's why I was worried.

No problem bro. Stanbic is one of the companies I can trust my finances with and can recommend.

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igbizen(m): 9:39am On Apr 09, 2023
freeman67:
I don't know if any is facing same issues here. I jave been trying to access my Stanbic IBTC mutual fund through their mobile app and internet access since Thursday to no avail. It will just act as if the internet is bad and wont display anything. I have been using same network for every other thing on my phone without issues. In fact I even use it to open my Stanbic IBTC Bank section of the app.

What seem to be the issue please?
Exactly what am facing right now. Just came here to find out if anybody is facing the same thing
igbizen(m): 9:40am On Apr 09, 2023
sgtponzihater1:


They sent a mail out that they'll be down from a maintenance between Thursday and Monday, I believe this would be the reason.
Ok. Let’s wait and see then.
OSCARNEEN: 1:04pm On Apr 09, 2023
Dear all. Could anyone share experiences about the FBNQuest dollar funds most expecially the specialized dollar fund. Who is familiar with the track record of the company. Thank you
Windblown2much: 8:55am On Apr 10, 2023
sgtponzihater1:


You any mutual fund company not minding what bank you hold.

You can invest into your fund as frequently as you want, and can use it as a vehicle to wealth building over time.

Happy to help at any time if you need further clarification.

PonziHater
Thanks for ur inputs so far I really appreciate. As a starter, which mutual fund company would u advice I invest with and what's the current percentage monthly profit?

Thanks!
SophieAbou97: 9:36am On Apr 10, 2023
I need help, I need investment on my business. I’m literally just tired right now and don’t want to give up on a business I’ve been into for three years now(bead making) no , nothing and I’m very creative. Kindly help with loan. I’m going through a health situation too which I don’t have enough to treat. Please don’t make any Ill comment under this post, don’t worsen my situation. Frustration is what made me spoke out.
sgtponzihater1(m): 10:41am On Apr 10, 2023
Windblown2much:
Thanks for ur inputs so far I really appreciate. As a starter, which mutual fund company would u advice I invest with and what's the current percentage monthly profit?

Thanks!

There several good companies. I use Stanbic. But other companies like FBN Quest, ARM are good choices. I generally prefer using long term players.

Interest rates are not calculated monthly, but annually, and interests mostly paid quarterly pro-rated. Interest rates vary based on MPR for money market funds, currently between 9-11%. Equity based funds vary widely.


You'll need to do your own research about what company you'll go with, and base your choice not only based on current interest rate. If you have Stanbic in mind then kindly use my ref link, but you'll be fine as long as you choose a company with a good track record, and stay the course.

All the best, and get into the Market as soon as you can to benefit from compounding.

PonziHater
Batman2412(m): 11:22am On Apr 10, 2023
What is FTDs? I noticed in united capital money market fund sheet of February 2023 that 68.2% of money market fund is invested in FTDs, 25.6% in Treasury bills and 6.2% in commercial papers. Please, what is FTDs?
freeman67: 12:05pm On Apr 10, 2023
Batman2412:
What is FTDs? I noticed in united capital money market fund sheet of February 2023 that 68.2% of money market fund is invested in FTDs, 25.6% in Treasury bills and 6.2% in commercial papers. Please, what is FTDs?

That should be referring to Fixed Term Deposits if I'm not mistaken.

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Batman2412(m): 6:27pm On Apr 10, 2023
freeman67:


That should be referring to Fixed Term Deposits if I'm not mistaken.

Oh, thanks. That makes sense
igbizen(m): 9:25pm On Apr 10, 2023
Has anybody been able to log onto Stanbic MMF?
Or is it tomorrow the platform will start working?
freeman67: 9:41pm On Apr 10, 2023
igbizen:
Has anybody been able to log onto Stanbic MMF?
Or is it tomorrow the platform will start working?

Not yet. I tried this evening and it still didn't open.
unite4real: 9:55pm On Apr 10, 2023
igbizen:
Has anybody been able to log onto Stanbic MMF?
Or is it tomorrow the platform will start working?

I have logged in successfully 15 minutes ago. It also affected their pension module as well.

All is back now
igbizen(m): 10:27pm On Apr 10, 2023
unite4real:


I have logged in successfully 15 minutes ago. It also affected their pension module as well.

All is back now
Just tried and the MMF platform opened. The problem is that I don’t know if my returns are correct grin grin grin
wayforward2grea(f): 10:18am On Apr 11, 2023
I made a redemption request today around 2am. When will i get it? I used Stanbic-IBTC mobile app and i received acknowledgement. How long will take to debit my ?
sgtponzihater1(m): 10:25am On Apr 11, 2023
wayforward2grea:
I made a redemption request today around 2am. When will i get it? I used Stanbic-IBTC mobile app and i received acknowledgement. How long will take to debit my ?

Usually 2 working days. You can escalate thereafter

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unite4real: 10:33am On Apr 11, 2023
wayforward2grea:
I made a redemption request today around 2am. When will i get it? I used Stanbic-IBTC mobile app and i received acknowledgement. How long will take to debit my ?

It will come in today before close of business. I have never waited more than one day for the redemption to arrive

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