Just as the interest changes on a daily basis, your account is credited with the gains per day. For platforms that offer a live view dashboard you can view the change. But you won't be able to withdraw the gains on your investment except quarterly.
I explained mutual funds already. I'll have more videos coming up soon that cover the rest. But for now, spend time exploring other channels and reading.
I also have the replay of a course that teaches Investing Foundations and how to invest in Nigeria. It's N10,500 and loaded with a lot of information. if you're interested in it pls send me an email to the address in the description of this video.
@ImageTechnology-gt2tk Like I said in the video, the interest rates is not fixed for an entire year. It changes daily as the market changes. But assume that it averages at 7% per year, then your calculation will be 1m × 7% x 365 days If you chose to reinvest the interest rather than spending it, then the total value at the end of the year should be more.
I visited First bank to make inquiry on the mutual funds but was told I can't invest 10k that it's below the minimum.... please Tel me the bank you use and how to go about it please
You can use either of the companies I mentioned. You're using First Bank, but FBN Asset Management. These are two different companies within the group. Visit the website and download the form instead. Or send me an email (contact is in the description) so I can assist you.
So if i understood this daily percentage clearly, lets say on average the daily percentage is 6%. if i invest 1million i get 60k daily or monthly or yearly?
No. You can make one time investment and not top up anymore if you like. It’s advisable to top up to enjoy the benefits of compounding. Also allow the interest to be reinvested unless the goal is to get passive income
Need help with your finances? See how I can help you here: @t
How do I invest in this mutual funds
@@blessingbenjamin8625 Visit the website of any company you'd rather work with, and download the form.
@@onyekaokonkwo is it a must to top up every month
Look who’s here! So great to see you again B! Thanks for the video 👍
Good to be back, Nick. Thanks for stopping by :)
Nice
Outstanding. Thanks. 🙏
Wow! Thanks for sharing, which would you advice I invest in and how do I go about it
This is a very insightful video on mutual funds.
I look forward to a video on Federal Government Bonds.
Glad you liked it.
I'll prep one for bonds.
I enjoyed watching this. Looks like I'm going to be spending a lot more time on your channel👍🏻
Awesome! Thank you!
Thank you so much for sharing. This was enlightening and explicit. Thank you!
Total breakdown!!!!! love this video!!!!
Glad you liked it
This is explicit and simple . Thank you Onyeka
Glad it was helpful!
Thank you Onyeka
Which would you advice i invest in, and how do I go about it?
Thank you very much,I'm just getting to know your channel.
Please can you make videos on ETFs as well?
@@adeyinkaadeniyi4833 Will do.
Thank you, very much; I deeply appreciate your explanation, especially your voice. 👍🏼
You're very welcome!
@@onyekaokonkwo
A good work done.
How about United Capital Market management fees?
How much or what percentage?
@@samuelayebo5355 Not sure. But if you get your hand on the factsheet, you'll see the information there.
Thank you for this video
Glad you found value in it
This was...well, very helpful.
Pleasure is mine.
very enlightening. Thank you. But Im not quite sure what you mean by daily accrued interest.
Just as the interest changes on a daily basis, your account is credited with the gains per day. For platforms that offer a live view dashboard you can view the change.
But you won't be able to withdraw the gains on your investment except quarterly.
Plss how do ond
invest in FG Bonds and treasury bills
@@goodnessihejirika4468 You can download the i-invest or Afrinvest apps for these.
How about ARM PENSION?
That’s Pension not a mutual fund. You could check ARM asset management website to see a list of mutual funds they have available
my question is which mutual fund do you use
Cordros capital
which one do you use
Cordros
Very well explanation 👏.
Any suggestions of a company doing good @ moment
Money market mutual funds are up to 19% now. I still use Cordros, but you work with any of the companies I named in the video.
Pls how do I get trained on Personal finance in Nigeria. I need to know more about TBills, Bond, Mutual Funds, etc in Nigeria.
I explained mutual funds already. I'll have more videos coming up soon that cover the rest. But for now, spend time exploring other channels and reading.
@@onyekaokonkwo Thank you
@@onyekaokonkwo Thanks
I also have the replay of a course that teaches Investing Foundations and how to invest in Nigeria. It's N10,500 and loaded with a lot of information. if you're interested in it pls send me an email to the address in the description of this video.
Amaka, pls recommend a good money mkt manager for me.
I use Cordros Capital. You can pick anyone that works for you
Stanbic ibtc management fee is 1.5% per annum, my question is is this 1.5% of the capital or accured interest
Fees are on the interest amount not your capital
@onyekaokonkwo thank u for clarifying this
which one of them do you use?
Cordros capital
Which one did you use?
Cordros capital
Can you help with this calculation, 1 million naira investment and the interest if left for like a year.
@ImageTechnology-gt2tk Like I said in the video, the interest rates is not fixed for an entire year. It changes daily as the market changes. But assume that it averages at 7% per year, then your calculation will be 1m × 7% x 365 days
If you chose to reinvest the interest rather than spending it, then the total value at the end of the year should be more.
Thank youuu
Please if I invest will the be paying me on the regular or just once and that's it
Your payment for mutual funds investment will be often quarterly for as long as the investment is still running.
You just got a new subscriber!
Welcome aboard :)
Which Nigeria fund can I communicate with virtually.
Use their website and send an email.
Don’t know how to Register for any on the above. Seems complicated
There's a form on each site. Just follow the instruction there.
How can i withdraw my money from mutual funds
Just inform the asset manager that you want to withdraw.
I visited First bank to make inquiry on the mutual funds but was told I can't invest 10k that it's below the minimum.... please Tel me the bank you use and how to go about it please
You can use either of the companies I mentioned. You're using First Bank, but FBN Asset Management. These are two different companies within the group.
Visit the website and download the form instead. Or send me an email (contact is in the description) so I can assist you.
What about investing in commercial paper
@@davidesomchi4755 You can. They are available on the i-invest app. But Money Market Funds is spread into these already.
So if i understood this daily percentage clearly, lets say on average the daily percentage is 6%. if i invest 1million i get 60k daily or monthly or yearly?
Interest rates are on a per annum basis. So 6m x 1/365 x 6% will be the interest for that day.
Which of these is zero risk?
I mean risk of losing capital
Money Market Funds in Nigeria typically preserves your capital. Another alternative is to invest in FGN Bonds and Treasury Bills.
Hi Onyeka,
Which of the mutual fund do you use as you said we should ask if the video 😂😂
😂 Been on Cordros since 2018.
@@onyekaokonkwo Please how do I register with them? And what's the minimum I can invest?
@@successamorighoye8976 Download the Form on the website. Fill it. Attach the necessary documentations and submit to the email address provided.
@@successamorighoye8976 Minimum for a start is 10,000 naira. Subsequent top up in multiple of 5,000 naira.
@@onyekaokonkwo Do they have physical office?
is it a must to top up every month
No. You can make one time investment and not top up anymore if you like. It’s advisable to top up to enjoy the benefits of compounding. Also allow the interest to be reinvested unless the goal is to get passive income
which one
I use Cordros
Pls try slow down. You talk too fast
😳😳😳
Please do I loose my capital in equity mutual funds
Yes you do. Equity fluctuates so you have to be careful with that one.