I have 500k at bank, between land and MMF what do you think I can invest on with long term investment
Fokona Latest Questions
Example say I invest #10,000 naira in Money Market Equity Fund . And after 90 days and profit of #5,000 is added to initial capital can redeem only #5,000. And reinvest the capital again.
How can I automate my money market fund investment deposit.
Let’s say I bought 10k units 5 months ago, and I bought another 5k units last week. If I withdraw 2k units now, which units get withdrawn first? Will I be penalized given that only 5k of my units ...Read more
We understood that if any bank collapses, NDIC, will offset, N5m from the deposit if it more that I and the remaining will have to take time, if it’s going to be recovered. What it is process of retrieving customer ...Read more
Is it possible to become a billionaire within 20 years, if I invest 100k monthly on Money Market Mutual Fund and with a one-time Investment Capital of ₦5million Naira.
Good day, I would appreciate some clarification regarding investments in Money Market Mutual Funds. Assuming I invest in a Money Market Mutual Fund for a period of 3 to 10 years and receive dividends either quarterly or annually, how are those dividends ...Read more
Can I save a certain amount monthly on mmf like savings account or I have to keep a sum of money once in the MMF sir?
How much is list to start saving using money mutual fund? And can I fit they top it everyday with 1000?
I’ve been hearing people talk about something called “Money Market Mutual Fund” in Nigeria, especially as a safer way to grow money compared to leaving cash inside a normal savings account. But honestly, I don’t fully understand how it works.Read more