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
Fokona Latest Questions
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
Alex ejikeStarter
Mr leverage told me this afternoon, that he watched a clip in 2020 quiche motivated him to take a 600k loan from a bank as loan which was the max his salary can accommodate then.he added 50k to buy a ...Read more
Please someone help, I funded my INVESTNAIJA app wallet but couldn’t buy MMF with it…. They keep telling me I can’t fund wallet with wallet.
Alex ejikeStarter
Mr leverage told me this afternoon, that he watched a clip in 2020 quiche motivated him to take a 600k loan from a bank as loan which was the max his salary can accommodate then.he added 50k to buy a ...Read more
Please sir, what is different between Money Market Mutual fund and Money Market fund. Thank you sir.
Where can I invest N400k that I won’t be needing for at least a year?