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The awakening

When the entire pandemic issue saturated the news and the lockdown came into effect, Folabi was devastated. Life’s worries and constant fear made him forget his plans for 2020 and laid aside his life goals.

In January, Folabi had told his friends and family about proceeding to do his MBA in an Ivy league school abroad. He also had the plan of starting his side hustle and had started actively investing in these dreams. All these seemed like a pipe dream drowned by the current happenings as Folabi, out of fear, started to withdraw from his investment. Every single withdrawal took him farther from achieving his goals and further into depression.

One day, while going through his contacts’ WhatsApp status updates, he saw one that got his attention. It was an update by Jude, his childhood friend. Jude had just shared a picture of his new car and fully furnished new office with a quote that said “Keep your eyes on your goals no matter what is happening around you. I did and now, I smile.”

That quote spoke to Folabi and in that instant; he remembered his own goals for the year. While he chose to live in worry, drain his investment and bury his goals, others were accomplishing their goals and making strides amid the pandemic.

Even without knowing it, Jude had through his status update, awakened Folabi’s dream and eagerness to pursue his financial goals for the year.

Folabi picked up his phone and called his fund manager to find out about the direct debit feature which would allow him to automate his investment. That seemed to be the only way for him to stay on course. He had allowed months to waste away but for the remaining six months of the year, he would take meaningful steps towards the goals he set – CoronaVirus or not.

Eager to start realising your ambitions? Explore an array of investment options that offer competitive returns.

ARM Securities NUBAN Account Numbers FAQs

What is the ARMS NUBAN Account Numbers?

This is a new payment solution available for clients to make payments to their ARM Securities investment accounts via bank transfers, internet banking, USSD and any other funds transfer channels using a unique bank account number.

How does it work?

A unique NUBAN account number is generated and linked to your stocktrade account. This ensures that once payment is completed using the unique NUBAN account number, the funds are automatically credited to your cash account.

Can I use my account number for other payment services?

No, you can’t. The NUBAN account number can only be used to fund your stocktrade account.

Who can use Monnify?

Monnify can be used by all existing ARM Securities clients who have active stocktrade accounts.

What is the benefit of using Monnify?

Monnify provides the opportunity to:

  • Fund your stocktrade account directly via bank transfers, internet banking, USSD and any other fund transfer platforms
  • Receive funds from friends and family straight into your stocktrade account
  • Enjoy swift remittance of invested funds into your stocktrade account


    How much does it cost to use Monnify?

A transaction fee of 0.54% of the amount (maximum cap of N100.00) is charged per transaction. This fee will be deducted from the total amount transferred and the net amount will be settled to your stocktrade account.

Is there a limit to the amount that can be transferred?

No, any amount can be paid using your unique NUBAN account number. The limit is only subject to your bank’s fund transfer limits

Are my funds settled immediately?

Yes, all payments are automatically credited to your stocktrade cash account on the same day within minutes.

How safe is it?

It is 100% safe. Money paid using the NUBAN account number can only be settled to your stocktrade account.

What happens if my payment is successful, but I don’t receive value?

If you successfully completed a fund transfer, but your investment account is not credited within 24hours, kindly contact [email protected] for support.

A question of investing in dollars

Dear Financial Experts,

I hear that when there’s an economic downturn due to pandemics like the current Covid-19 surge, it is wise to consider diversifying investments. I want to know if I should go ahead and invest in dollars.

Thank you.

Jane Umenna from PH

Financial experts’ response

Dear Jane,

Thank you for writing to us with your enquiry. In response to your question, yes, investors can hedge their capital from downside risks of a possible naira devaluation by investing in dollars.

It also affords you as an investor the benefits of diversified portfolio whilst meeting any future dollar-denominated obligations.

One such investment vehicle which trades in dollar-denominated funds is the ARM Eurobond Fund. You can also trade in dollar-denominated stocks via ARM Stocktrade.

Please reach out to our Financial Experts today via [email protected] or 0700 225 5276 for further inquiries or  Click Here if you prefer for us to get in touch.

Myths and Truth About Will Writing

Myths and Truth About Will Writing

Myth: I’m too young to write a Will

Fact: The legal age to write a Will is 18 years and above. Once an individual satisfies the age criteria and has the required mental capacity (must be of sound mind), he or she is eligible to write a Will.

Myth: Will is for the rich guys

Fact: Having a Will is not dependent on one’s net worth. Individuals with modest size of assets or even one asset can also have their Wills drafted.

Asides giving instructions on how one’s assets should be distributed among beneficiaries, a Will can also be used for other purposes such as appointing a guardian for children who are minors; and can also be used as an inventory for one’s assets.

Myth: Writing a Will is expensive

Fact: The cost of getting a Will drafted could vary across Will drafting service providers. However, ARM Trustees took into consideration the diverse financial capacities of individuals based on social stratification and carefully tailored its Will drafting services to suit different individuals.

Myth: Writing a Will is too cumbersome

Fact: Writing a Will is not as cumbersome if the necessary guidance and support is provided by a competent Will drafting service provider.

Myth: Writing a will means I will die soon

Fact: The reality is that human mortality is an unpredictable eventuality which may occur at any time. Putting one’s affairs in order as soon as one starts acquiring assets is the right thing to do as it works in the best interest of the person writing a Will (the Testator) and his beneficiaries.

Myth: My family will look forward to my death if I write a Will

Fact: A Will should be kept confidential and private. It is advised that only trusted individuals who have a role to play in the process such as the executors, the witnesses and the Testator’s lawyer and/or Will Drafting Service provider should be aware of it. This reduces the possibility of any untoward development from occurring as could be the case where more persons are in the know.

 

 

 

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5 ways to maintain mental sanity during a pandemic

When there’s a pandemic or during periods of uncertainty, it is natural for the human mind to go haywire with fearful thoughts that affect the mental capacity negatively.

We are living in such times at the moment with the emergence of the Corona Virus which has disrupted our way of life and forced us all to adapt to the new normal. It is, however, critical that one maintains mental sanity amidst the current circumstances in order to navigate life and be mentally prepared for life after the pandemic.

Here below are five ways that will help:

1.

Because doing these will add to not just mental, but physical strain to your body.

2.

Don’t get inundated with news from every available source to avoid confusion and lack of focus.

3.

Staying active also helps clear your head and gives you clarity.

4.

There’s a lot of false information circulating via social media as well as undue pressure regarding various life issues. Take a breather from all of that every once in a while.

5.

Reach out to the ones you love, providing the needed support as well as receiving it. That love keeps you going in spite of what may be happening around you.

Never forget that to function to your optimal in every facet of your life and realise your greatest ambitions, you need mental clarity and sanity – and it is your duty to claim that for yourself.

Stay safe out there!

How to deal with a pay cut during this pandemic

How to deal with a pay cut during this pandemic – Realising Ambitions

One of the devastating effects of the COVID-19 pandemic on individuals has been the sudden reduced income, pay cut or layoffs by organizations seeking to lower costs and stay afloat.

If you suddenly find yourself taking home less than you’re used to, these tips will help you find a balance. Likewise, if you’re among the lucky few who won’t have a reduced income, using these tips to stay cautious with your spending will help you easily navigate the potential high cost of living brought about by the pandemic.

Create a monthly expense list

The first step is to create a new expense list based on your new salary. When building your new expense list, ensure to list the needs and wants in separate columns. This helps you to identify areas that you can cut back on more easily.

Slash spending

Try cutting your clothing, entertainment, and food spending by 10% across board. Making these types of cuts enables you to find the money that you need without heavily cutting back in any one area. One way to categorize where you can cut back is to try less expensive alternatives to some of your traditional spending habits.

It helps to work with a budget number in mind. Let’s say you have an income shortfall of N50,000 per month. Knowing this number gives you an idea of the exact amount you need to trim from your budget and also helps you prioritize your expenses.

Identify ways to save on necessities

You may want to consider scaling back on your cable TV bouquet to a cheaper option, reducing your internet cost and petrol usage for your generator. Although the savings may not be huge by cutting back on only one area, the combination may be enough to help you save money. Look into finding more affordable car insurance and find less expensive alternative shopping centers for your groceries.

Don’t cut your savings

Take a look at your financial goals and find a way to continue to save money. If you make a direct debit when you’re paid, it will be easier to keep saving because now when you’re dealing with an emergency is when you need to have savings to rely on.

Develop yourself

While you utilize the above-mentioned suggestions, consider:

  • Keeping up with certifications so that you can easily find another job

  • Exploring alternative income streams

  • Learning a skill that will position you for the future

Final words: It takes discipline to handle a pay cut because you may have gotten accustomed to certain lifestyle expectations. It is, however, important to know that this is a phase that will eventually pass, and your ability to effectively manage your finances now will help you manage it better when things stabilize and your earning power improves again.

5 types of people since ease of lockdown

5 types of people since ease of lockdown

The Covid-19 situation has brought about a new normal that not many have been able to adapt to. The past few weeks have seen residents of major Nigerian cities like Lagos, FCT Abuja and Ogun on total lockdown to enable the Federal Government to contain the risk of spreading the virus; while other cities observed partial lockdown.

 

While on lockdown, many acclimatized to doing remote work while a host of others found ways to pass the time while growing themselves through books and online courses. Parents also have to figure out online education for their kids and businesses begin to find a way to work around the situation.

 

And just when it felt like there was no end in sight to the lockdown, the Federal government eased the lockdown allowing minimal movement while enforcing the use of face masks, hand sanitizers, washing of hands and social distancing.

Here’s how different people welcomed it:

1. The ones who raced out of the house like they’ve been in prison despite not having any reason to go out.

FREEDOM!!!

2. The ones who grudgingly returned to work after enjoying the freedom of not having to wake up so early.

Oh well, back to it!

3. The ones who defy the social distancing warning and go to pull and push at the banks.

If I perish, I perish.

4. The ones who are not ready to take chances.

They peep at those going out from their windows.

5. The ones who go out armed with their hand sanitizers and covered from head to toe avoiding every human contact.

Because everyone is a suspect.

———

Whichever category you fall under, we encourage you to make sure to observe every NCDC recommended safety measures and stay home if you don’t absolutely have to go out.

 

Don’t forget to stay safe out there when you head out. Corona Virus is real.

 

Protect yourself, protect others.

 

#StaySafe

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