Discovery Fund vs IBTC - Page 2

alanbow · #21 (**permalink**) 12th May 2007, 10:08 AM

The link below should take you there.

http://www.ibtc.com/equity%20%20fund.asp

Avocado · #22 (**permalink**) 17th May 2007, 09:38 PM

Anyone has some data on the Discovey Fund and don't mind sharing?

.

Ehis · #23 (**permalink**) 5th June 2007, 07:14 PM

I have invested in the IBTC Ethical fund last year July at N1.29k the yield now is over 35% and going to over 50 %

RethinK2.0 · #24 (**permalink**) 14th July 2007, 10:37 AM

i subscribe to the ARM newsletter. This is the summary of the JUNE 2007 NEWSLETTER. As you can see, some of their funds are doing really well too. The most important thing with mutual funds, like stocks is gettin-in at the right time.
You need to get in when excitement is not over the top and prices are relaxed, thats how u can really make the most.

ARM Discovery
YTD Return
52.83%

ARM Ethical
YTD Return
66.19%

ARM AGI
YTD Return
83.60%

jules · #25 (**permalink**) 14th July 2007, 12:31 PM

Hi Fellows, Good day and a blessed one too.
I just invested into Discovery fund, but my mind keep asking if i have done the right thing. Please, can someone help me out. Have i done the right thing ? I'm new to this please, i need to know. Thanks.Jules.

RethinK2.0 · #26 (**permalink**) 14th July 2007, 02:47 PM

Quote:

Originally Posted by jules

Hi Fellows, Good day and a blessed one too.
I just invested into Discovery fund, but my mind keep asking if i have done the right thing. Please, can someone help me out. Have i done the right thing ? I'm new to this please, i need to know. Thanks.Jules.

Jules
Well, you have invested already so i think the question is not whether you have done the right thing.
It is "How can you maximise your position?"
First thing is that you'll need to be patient, don't expect it to jump hysterically in 2 months. For a mutual fund, you need to think at least a year.
Secondly, monitor the price of the fund, when you have any extra money and the price looks decent, top up your fund. By this time next year or when market activity is peaking and prices are soaring, you should be able to reap a decent profit?
Finally whether its the right choice depends on how much do you want to make, realistically. How much is acceptable to you as a good return?

stay blessed

larrymania · #27 (**permalink**) 14th July 2007, 06:57 PM

Quote:

Originally Posted by blackgeneral

Is anyone invested in the Discovery Fund or in the IBTC equity fund? How is the performance? Any good returns?

Can somebody forecast when it good to sell mutual benefit assurance.
I need a good forecaster
Thank you,
Lanre.

oseitutu · #28 (**permalink**) 14th July 2007, 07:13 PM

In 2020, or in the year 2025. I can assure you you would have made 1000% profit above inflation. Albert Einstein said the greatest invention of man is compund interest. Hold Mutual Benefits now and sell in 13 years' time.

dotunk · #29 (**permalink**) 14th July 2007, 07:57 PM

Oseitutu

your last post though true is really sarcastic! ....&funny too!

oseitutu · #30 (**permalink**) 15th July 2007, 04:06 AM

Sorry o for the way it came out. I was a bit surprised at the question. I was only trying to drive a point home. Long term pays and we are not soothsayers here.

cecemontero · #31 (**permalink**) 16th July 2007, 02:27 PM

Yeah, that's true and veryyyy funny as well. I thought it was sarcastic until I saw the point ---- Long term!!! Weldone

Ehis · #32 (**permalink**) 17th July 2007, 07:36 PM

Hi,
Actually,mutual funds are not as fast yielding investment as stocks when you know the stock to pick.
However, there are basic things you need to know about mutual funds.
1 The past returns on investment
2 Averaging cost investment
3 long term investment

The mutual funds is actually meant for long term investors and not for speculators. Also, the past returns of the fund must be studied for atleast 5yrs to determine the investment skill of the managers. There is no thing like when to invest as it is meant for longterm. you can always average your investment by investing regularly at intervals.
As I said earlier, I invested in the IBTC Ethical fund at N1.29, I have also received divident equal to 5% of my investment apart from my capital appreciation as the fund is doing N1.96 today.
I have faith in the IBTc fund and recomment you try them as you will not regret it even people who invested in other mutual fund can attedt to this fact.

oseitutu · #33 (**permalink**) 18th July 2007, 02:35 AM

http://research.ibtc.com/reports/Wea...%20-%20Jun.pdf

jules · #34 (**permalink**) 18th July 2007, 12:14 PM

Quote:

Originally Posted by RethinK2.0

Jules
Well, you have invested already so i think the question is not whether you have done the right thing.
It is "How can you maximise your position?"
First thing is that you'll need to be patient, don't expect it to jump hysterically in 2 months. For a mutual fund, you need to think at least a year.
Secondly, monitor the price of the fund, when you have any extra money and the price looks decent, top up your fund. By this time next year or when market activity is peaking and prices are soaring, you should be able to reap a decent profit?
Finally whether its the right choice depends on how much do you want to make, realistically. How much is acceptable to you as a good return?

stay blessed

Hi Rethink 2.0 ,Thanks alot for your advice, i think is well taking. Jules

Apache · #35 (**permalink**) 21st August 2007, 05:47 PM

Hi Guys,
i happen to have investment in both ARM Discovery fund and IBTC Ethical Fund.
They are both good investments (they both focus on the same investments which is majorly stocks). I don't think it wilkl be right to say that one is better than the other because their investment strategies are different. But all the same Discovery fund is a very good mutual fund. It is been run by a very competent team. You can see what they did with RT Briscoe and they also have interest in Fara park estate in Lekki.
In summary, it very good and profitable and they have this arrangement whereby you can have a certain namount deducted from your account every month which is invested in the fund. I think this is very cool. it removes the hassles of having to fill forms etc.
i bought into the fund @ =N= 158 in August 2006 and now it's going for =N= 293 if you want to sell.
In summary, as long as the stock market is doing well, the mutual funds like Discovery and IBTC will also do well since they both invest 75% of their portfolio in stocks

Meki · #36 (**permalink**) 23rd August 2007, 10:20 PM

Has anyone had to deal with the Discovery Fund Customer Service? How has the response been?

I have deposited N100,000 to open an account and for a week no acknowledgement or follow-up to my emails. This is a disappointing start and is enough for me to freeze any further investment with them. I have heard about better response from IBTC.

I am not home so cannot go there to sort it out and shouldn't have to do so with ARM. Good service is very important to me.

Apache · #37 (**permalink**) 24th August 2007, 05:38 PM

send a mail to "Kayode Odetola [Kayode.Odetola@arm.com.ng]". he's the customer service guy over there. He will attend to you promptly.
I also noticed that they have not been sending the acknowledgements anymore but if you have been allocated an investor number, you will see that you have been credited by the required number of units
hope this helps