My two brothers and I want to build a 10-year savings and investment plan by contributing money every month. We want to go beyond ordinary savings by protecting our money from inflation while growing it through investments and compound returns. We need ...Read more
Fokona Latest Questions
Please what’s the difference between Naira funds and Naira mutual funds on cowrywise app
How do I invest in Stanbic IBTC money market funds.
I plan to start my investment journey in the Money Market Mutual Fund, thank you so much, I have read so much about investments on your Facebook page lking Ferry, but I want to ask, which is better through Broker ...Read more
1. If interest on mutual funds are reinvested quarterly and I want to withdraw my capital before the quarterly reinvestment of the interest, will I be taxed on my initial deposit? 2. The 10% tax on interest in a mutual ...Read more
I downloaded both meritrade and cowrywise and now in meritrade I saw minimum to buy stocks is 5068 naira but for equity is 1k The lowest for stocks owner in cowrywise is 5k but in meritrade is 10k Now ...Read more
How do I calculate the interest based on my capital?
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
What is the difference between equity funds and equity portfolios on Cowrywise and which one is highly profitable and risky among them