How to Calculate the Money Market Fund Interest Rate
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- Опубліковано 16 бер 2024
- In this video you will learn the step by step formula to calculate the interest rate of a Money Market Fund Account. You will also learn about the uses of MMF accounts and the expectations.
To learn everything there is to know about money market fund accounts in details go to this link bit.ly/mmflessons
To open a money market fund account with Etica use this link bit.ly/eticammf
To reach me to book consultation one on one WhatsApp me through wa.me/254710690832
Now am addicted to your channel because am learning something new daily
This is humbling..thank you for the encouragement Lydia. So good to have you
Good information, just joined etica because of your knowledge here
Patiently waiting for it ❤
You're so inspiring thanks for the explanation
You're welcome Eunice..so good to hear from you 🙏
Great improvement on your videos and they very informative 💯kindly work on the background it's so bright..Thankyou
Hey Charles, this is very good feedback thank you. I will consider that and make changes to the background in future videos 🙏
Very informative. Thanks
You're welcome Anne..glad to have you 🙏🏽
Amazing. Been wanting to learn how to calculate this. Asante
Hey Tushiya, karibu sana. Glad it answered your desire to know. And thanks for always being here 🙏
Kindly take me through on how to identify a good mmf and how to open one
Thank you for information
Thank you Mary..
I wish to have started the m.m.f at 20s . I believe that time is money, now soon I will. 😅😂
Excellent now i know
Hey Ciku, glad this was helpful. Thanks for watching and stay in touch
Good job kiongozi
Thank you Nancy 🙏🙏
Very guiding
Thank you Joseph 🙏
great brother.
Thank you so much Kagiri 🙏🙏
Very educative....which are the leading mmfs?
To see results in mmf you need patience and consistant in top up after 3 to 5 years and above you will see wonders
This is absolutely true 💯💯💯
more likes for him good people👍
Thank you Linet 🙏🙏🙏❤️
Kindly take me through on how to identify a good mmf and how to open one
Hey, finding one is not that hard check out a good performing from my weekly reviews and some of the ways to open an account and the link is on this description. You can also learn a lot in my other videos on Money Market Fund accounts
Does my money in a mmf fund compound if i do not make top- ups .i have not withdrawn the interest earned.?
Yes it does.
Thats simple and straight.
If i invested 10M then i would earn a monthly passive income of 104k.
So the question is how do i get 10million? thats what calls u to ask yourself how is wealth built? Mindset becomes key....how u think ,act and feel towards every cent u earn is key.
MMF is there to build the consistency in u towards wealth creation.
Couldn't be put any better than this. Very clear and concise 💯💯💯
Thanks for the addition 🙏
My thoughts too. The bigger the money invested, the higher the returns.
Mmf and Sacco where can get good compounding interest kindly share
The compounding effect is better in the MMFs than Saccos. Infact the saccos give simple interest and that's once a year..the MMF give daily interest hence the compounding
mimi nimesoma kitu vizuri
Nafurahi kuskia hivyo 🙏
With 3 million i earn the same amount as my 10 million rentals minus the tenant headache
💯 💯 💯
This comment needs to be delivered to everyone's inbox and also added to a major daily newspaper's headline. Things many people don't know.
bro too much stories in the beginning; are you a story teller?
Yes I am..😅😅
Thanks for the feedback momura 🙏🏽
I think one year is quite a long period of time..😂😂😂
Talk about the risks associated with this.what if the Bank goes bankrupt😢😢..or else the government illegalizes the mmf..you will lose a huge amount of money 😢😢🤑💰💰
Hi 😅😅
Good concern, please watch the video I speak about risks in MMF to get all these angles. One point to think about, Can the government illegalize banks for example? Or Mpesa in that order or Treasury bonds 🤔
See you at the video on pros and cons and the one on risks. Thanks a lot for the feedback and for watching 🙏🏽
Is the interest calculated daily?
Yes it is and reinvested everyday
Boss you forgot about the management fee they deduct on the interests.....you only considered Zakayo😂
😂😂 Arap Mulilo, I considered Zakayo tu in the calculations.
Anyway on management fees, I have posted a video yesterday on the same. Huwa by the time they declare 15% or whatever it is washatoa management fees already..
Not what I really expected...its too slow its just meant for people in the payrol..
I'm glad you have gotten the expectations addressed.. it's true many get into this believing it's a quick money Maker but it's not. Thank you for watching 🙏
It's not bad if for example you have one million or more for your emergencies. It will earn you 11K and above every month which per year 132k and above. Is that not good passive on your emergency fund?
Building wealth is a process not an event. If you don't have patience you will never make it
very informative
Thank you Florence 🙏🏽
34 ni nini am confused
Nadhani ni daily income.
But my question now is so kesho it Will be 100034 ×rate ÷366 ×85% ama?
pulloo
Thanks, i joined i successfully joined money market fund through this channel
Hey James. So good to hear that. And I'm glad this channel impacted you positively. Keep winning 🙏
Which 1 did you open
Kwani 2500 haizai kitu ama ni kidogo
Hebu tumia hii formula kucheki inakuja ngapi? Lazima izae hata kama ni kidogo aje
@@MoneyVersations please can you help me walai I deposited 100 000 in sanlam account even now I can't see my money because I wanted to see if it will reflect more money other than this 2500
Is sanlam a legit account
Yes Sanlam is legit 💯
I have deposited 2500 and my money isn't growing
@@MoneyVersations how long does it take for this money to reflect in someone account
I'm investing with Sanlam and I dont understand why for your deposit or interest to reflect in your account you have to text them.This bothers me....
Waah, ati 34 bob. Khai 😂🙆🏽♂️, acha nzitoe hadi
😅😅Sasa hii ndio true representation ya investment zote and imagine it's better than most of them. Tumia big figures to calculate and see the difference
I opened etica mmf because of you brian...have invested some amount but the amount napata per day weeh nashindwa aki
😂
@@user-ct9cp9qn6rhow much
It's principal, not principle. And your equation: Principal X Rate/366 X 85% is wrong. Why? You haven't factored in the management fee, which is usually an annual flat rate of between 1.2% and 2% depending on the fund manager.
Anthony, thanks for the correction but also be advised that the rate shared by the fund managers or what we share on our weekly reviews is usually net of the management fees. So linguistically you're correct but mathematically you're wrong. 🤗Thanks for the feedback it is appreciated 🙏
@@MoneyVersations "the rate shared by the fund managers or what we share on our weekly reviews is usually net of the management fees" do you have proof of this. Because from what I have researched the fund managers charge that annual management fee on a monthly basis. For example, if it's 2%, they charge 2%/12 per month. I know CIC MMF does that for sure. And it makes sense because one can invest in their MMF and request a withdrawal of all their funds after 1 month. Such an investor will get interest for the 1 month but the fund manager will also take a cut as management fee for that 1 month.
@@MoneyVersationsYou are right😂😂
Actual content begins from 7:21 minutes to 9:44 minutes. Man, just get to the point!
Hey all the info is useful and helpful for the majority..but don't worry I'll be trimming to do shorts and tag you. Thank you for the feedback 🙏🏽 appreciated
It will take you 12years to double your money in mmf, if inflation rate is factored in.
Hey Edwin, yeah 9-12yrs or even more depending on the company but then it takes roughly the same timeline or even longer in many other asset classes. Primary purpose should be accumulating and preserving and not the ultimate wealth multiplier. Thanks for the feedback
yapping too much
👏🏽👏🏽👏🏽👍🏽
Patiently waiting for it ❤
🙏🙏❤️