I am a retiree with little pension on monthly basis and after going through your down-to-earth teaching on the Facebook I decided to follow you. My question now is, is it possible for a retired public servant with my meagre pension invest in money market fund?
Yes — a retiree with a small pension can absolutely invest in a Money Market Fund (MMF). In fact, Money Market Funds are one of the best options for retirees because they are low risk, flexible, and income-focused. Let me break it down clearly. What is a Money Market Fund (MMF)? A Money Market FundRead more
Yes — a retiree with a small pension can absolutely invest in a Money Market Fund (MMF). In fact, Money Market Funds are one of the best options for retirees because they are low risk, flexible, and income-focused.
See lessLet me break it down clearly.
What is a Money Market Fund (MMF)?
A Money Market Fund is a pooled investment where your money is invested in:
Treasury Bills
Government Bonds
Bank deposits
Commercial papers
These are low-risk investments, which makes MMF suitable for retirees.
These funds are regulated by the
Securities and Exchange Commission Nigeria (SEC)
so they are structured and professionally managed.
Why Money Market Funds Are Good for Retirees
✅ 1. Low Risk
Money Market Funds are safer than stocks
Good for retirees who want capital preservation
✅ 2. You Can Start Small
You don’t need millions.
Some platforms allow:
₦5,000
₦10,000
₦50,000
So even from your pension, you can invest gradually.
✅ 3. You Earn Better Than Savings Account
Typical returns in Nigeria:
About 12% — 18% per year (varies)
Example:
If you invest:
₦500,000 → You could earn about ₦60,000 — ₦90,000 yearly
₦1,000,000 → About ₦120,000 — ₦180,000 yearly
This can support your pension income.
✅ 4. You Can Withdraw Anytime
Unlike fixed deposits:
No long lock-in
Withdraw when needed
Good for emergency needs
Best Money Market Funds in Nigeria
Well-known ones include:
ARM Investment Managers Money Market Fund
Stanbic IBTC Asset Management Money Market Fund
Meristem Wealth Management Money Market Fund
Coronation Asset Management Money Market Fund
Apps that make it easy:
Cowrywise
PiggyVest
Stanbic IBTC Invest
These are beginner-friendly.
My Advice for a Retiree (Simple Strategy)
Since you’re retired:
Start small
Invest gradually
Focus on stability
Example:
Invest ₦100k now
Add monthly from pension (₦10k–₦20k)
Over time, it grows steadily.
Why I Particularly Recommend MMF for You
Because you mentioned:
You are retired
Pension is small
Money Market Fund gives:
Stability
Extra income
Flexibility
This makes it very suitable for retirees.