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.
Fokona Latest Questions
Can one complain when no interest has been given to her money market fund account for some time?
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.
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?
One of our Community members ask: Good day sir, I want to understand how interest rates work in money market mutual funds in Nigeria. For example: If I invest ₦5,000 in a money market mutual fund when the interest rate ...Read more
Actually, I am a beginner. I would like to know what this money market mutual funding is all about. How do I go about it? What are the risks in money market mutual funding? What are the benefits in money market ...Read more
Is it possible to lose my money by investing in a money market mutual fund that promise 30% interest per annual
Does money market fund interest rate differs? I mean does it depend on the investment company you invest with? What I thought was it’s uniformed until I saw two different rates from two investment company. Kindly enlighten me more. Thank ...Read more