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Friday, February 27, 2015

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Invest With As Little As N5,000: A guide to investing In FBN Money Market Fund

Abraham - February 27, 2015
I got an email from a friend(a first bank capital staff), asking if I was interested in investing in the FBN money market fund, Then I click through to read what it could be with least expectations.

What I saw baffled me, It stated that The FBN Money Market Fund offers attractive interest rates and I think its great for those with short/long-term investment goals. The Fund is classified as low risk as it invests in treasury bills, bank tenured deposits and commercial papers - all of which are low volatility (relatively stable) securities. The fund also pays distributions every three months!
Investing in this Fund is definitely more rewarding than leaving your money in a savings deposit; you can also redeem your funds whenever you want to.

With as little as N5,000, you can set up a Money Market Fund account and be one step closer to your dreams.  
If you are seeking an alternative to a regular savings account for your temporary or medium-term cash investments, then the FBN MONEY MARKET FUND is most suitable
Below is a screen shot of someone who invested 6,000 naira initial capital which returned N12.93 in 2 weeks.
FBN Money MarketFBN Money Market (1)
Now imagine that in a year. Thinking its too small? Well, first remember the more money you put the HIGHER in interest rate, second, let's compare this to your normal savings account.

Now as little as it seem, You earn an average of 11.9% on your investment while savings deposit
in bank pays an average of 2% on yearly basis.

Your investment in FBN Money Market grows everyday while you savings deposit balance remains fixed and instead is exposed to loose of real value via inflation.


You can visit www.fbncam.com to find out more about the FBN Money Market Fund and the other mutual funds.

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