@TwoWaysUpOrDown@24ofchima My bro,dead that thinking abeg,funniest thing be say, we barely spend on maintenance honestly car no too dey give issues like that except if na bad car from scratch
For those who want to start investing in mutual funds on Stanbic IBTC, here is a step by step guide.
Stanbic IBTC is one of Nigeria's most trusted and institutionally backed investment platforms. It is SEC registered and Fitch rated AAA, which is the highest possible safety rating. Your money is in serious hands.
They offer several mutual fund options but for beginners I recommend the Stanbic IBTC Money Market Fund. It is low risk, your capital is preserved and it currently offers 15% per annum. That is significantly better than any regular savings account.
Here is how to get started:
- Step 1: Download the Stanbic IBTC mobile app from Google Play Store or App Store, or visit stanbicibtcassetmanagement. com on your browser.
- Step 2: Create your account. You will need a government issued ID such as your National ID, Driver's License, International Passport or Voter's Card.
- Step 3: Choose the Money Market Fund as your preferred fund. It invests 100% in high quality short term securities like Treasury Bills and Commercial Papers.
- Step 4: Make your first deposit. The minimum initial investment is 5,000 naira. After that, you can top up in multiples of 1,000 naira anytime.
- Step 5: Set up automatic top ups so your investment grows consistently every month without you having to remember.
Important note: There is a 30 day minimum holding period (There's a penalty for early withdrawal). After 30 days, you can redeem online up to 5 million naira daily and proceeds are transferred to your bank within 2 working days.
Alternatively, if you prefer walking into a branch, you can visit any Stanbic IBTC branch nationwide, collect a subscription form, fill it and submit with your ID. That is it.
The same pattern applies here as with every platform I have recommended. Start, automate and leave it alone.
Above all, love God.