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Kenny Jumbo

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  1. Asked: March 19, 2026In: INVESTING & WEALTH BUILDING

    What is a money market mutual fund? and how does compounding works?

    Kenny Jumbo
    Kenny Jumbo Student investor
    Replied to answer on May 24, 2026 at 2:33 am

    ARM App, precisely ARM One app by ARM Investment Managers. It’s for investing in their Money Market Fund (MMF) and other mutual funds in Nigeria. Here’s how it works: 1. What the ARM MMF does Low-risk fund that invests in short-term government securities, treasury bills, commercial papers. Your RetuRead more

    ARM App, precisely ARM One app by ARM Investment Managers. It’s for investing in their Money Market Fund (MMF) and other mutual funds in Nigeria.

    Here’s how it works:
    1. What the ARM MMF does
    Low-risk fund that invests in short-term government securities, treasury bills, commercial papers.
    Your Returns: Interest is paid quarterly and returns are tax-free
    Liquidity: You can withdraw anytime, money hits your bank in 1-3 working days

    2. How to invest using the ARM App
    Step 1: Download & sign up.
    Get “ARM One” on Play Store or iOS. Sign up with your BVN, NIN, and bank details for KYC.

    Step 2: Choose ARM Money Market Fund
    In the app, go to Mutual Funds select ARM Money Market Fund.

    Step 3: Pay in
    You can fund your investment through bank transfer: Use the account details in the app.
    Use your name + investment ID as reference.

    3. What happens after you pay
    Once ARM confirms payment, you get units in the fund.
    Value grows daily as interest accrues.
    You can track it on the app under “Wealth Planner” bd6e
    You can withdraw anytime from the app. No lock-in period

    Management fee is ∼1.5%

    Alternative ARM MMF is also available on Cowrywise, Palmpay if you prefer that app.

    Tip: Start small with ₦5k or what you can afford to save to test it. Check the yield before investing. If you want long-term yield, compound it.

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  2. Asked: April 1, 2026In: TAXATION & COMPLIANCE

    What is your biggest challenge when it comes to taxes?

    Kenny Jumbo
    Kenny Jumbo Student investor
    Added an answer on May 23, 2026 at 1:45 am

    Knowledge of tax from time to time is fine . But when people do not tabulate their income properly, tax can become more than usual. The new tax regime may not pity individual or businesses lacking proper income records.

    Knowledge of tax from time to time is fine . But when people do not tabulate their income properly, tax can become more than usual. The new tax regime may not pity individual or businesses lacking proper income records.

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  3. Asked: April 22, 2026In: INVESTING & WEALTH BUILDING

    Is it safe to invest in ARM Mutual Funds through PalmPay app in Nigeria?

    Kenny Jumbo
    Kenny Jumbo Student investor
    Added an answer on May 23, 2026 at 1:04 am
    This answer was edited.

    Yes. It's safe for beginners, trying investors. I used it doesn't mean you should put all your investments through Palmpay. Just be sure that you are starting at your own pace and that your Palmpay log in details is safe somewhere just in case your phone becomes spoilt or lost

    Yes. It’s safe for beginners, trying investors. I used it doesn’t mean you should put all your investments through Palmpay.

    Just be sure that you are starting at your own pace and that your Palmpay log in details is safe somewhere just in case your phone becomes spoilt or lost

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