Mansa-X 24% Annual Return

Aviator

Aviator

Elder Lister
@Okiya look at this and give us your expert opinion. And tell us where the catch is.

Dear *****,

Thank you for expressing interest in Mansa-X Fund, an innovative investment solution by Standard Investment Bank (SIB)
SIB is a member of the Nairobi Securities Exchange (NSE) and is licensed and regulated by the Capital Markets Authority (CMA) as an investment bank. SIB is the only company that has obtained a Money Manager license in Kenya under the Capital Markets, as per the Online Foreign Exchange Trading regulations 2017.

Overview of Mansa-x:
Mansa-X is a Global Multi-Asset Long/Short Strategy Fund that provides investors with exposure to global markets through a variety of Instruments including:
· Currencies such as G10 currencies, emerging markets currencies
· Stock Indices such as S&P 500, NIKKEI, FTSE
· Precious Metals such as Gold, Silver, Platinum, Palladium
· Commodities such as Coffee, Brent crude, WTI crude

Key Features:
· 0% Initial Fee
· 0% Redemption Fee
· 5% Annual Management Fee prorated over 365 days
· 10% Performance fee applied when a return above 25% hurdle rate is attained
· Above average market returns (As at December 2019, Mansa-x yielded a return of 24% p.a. for our clients)
· 6 months lock in period
· Quarterly statements/valuations
· Fund Fact Sheet that is updated quarterly
· Regular Global Markets Commentary


Benefits of Global Markets Exposure:
· Diversification from traditional asset classes of Kenyan equities, Kenyan fixed income and real estate
· 24-hour Market: Sydney, Tokyo, Nairobi, London and New York
· Dollar Return: Potentially adjusts for KES depreciation and inflation
· Leverage: Trade amounts larger than your capital
· Trading Opportunities: Whether the markets are moving up or down, the funds have opportunities to make money.
· Liquidity: Ability to access funds at any time with minimal loss of value
· Local presence: both online money manager and online brokers based in Kenya

Invest exceptionally and be part of our success journey. We are looking forward to having you on-board.

Attached please find the Company Profile and SIB Supplement.

Kind Regards,
NJOKI NGINYI
FINANCIAL ADVISOR, GLOBAL MARKETS.
 

Attachments

SIB is legit. Infact a close friend of mine is a director there and I can vouch in terms of integrity. Those rates are okay. They are even lower when you compare with what other companies are making in the FX business. Shida yangu is how their board/ top management is constituted. It's a family affair. I always advice whenever investing look at the members of the board of directors and board committees such as audit, governance etc. Due to the fact that their board doesnt inspire me, siwezi weka.
 
Okiya said:
SIB is legit. Infact a close friend of mine is a director there and I can vouch in terms of integrity. Those rates are okay. They are even lower when you compare with what other companies are making in the FX business. Shida yangu is how their board/ top management is constituted. It's a family affair. I always advice whenever investing look at the members of the board of directors and board committees such as audit, governance etc. Due to the fact that their board doesnt inspire me, siwezi weka.
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Thanks for the advice.

Okiya said:
They are even lower when you compare with what other companies are making in the FX business.
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Which are these?
They say they are the only regulated online FX trader in Kenya.
 
Aviator said:
Which are these?
They say they are the only regulated online FX trader in Kenya.
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Yes I know they are the only ones regulated but there are some people who do the same privately. One of the pioneers in this business in Kenya told me those rates are low.
 
Okiya said:
Yes I know they are the only ones regulated but there are some people who do the same privately. One of the pioneers in this business in Kenya told me those rates are low.
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I would never deal with an unregulated person. I learnt the hard way.
www.kenyatalk.com

How I lost 1.3m to Obadiah the Corinthian

Some few yrs ago, I was working for a mhindi firm in the city of Nairobi. I was a boss of some kind earning some cool 90k + bonuses. Below me was a multitude of workers whom I was "managing", and then there was Obadiah. As happens with most Muhindi firms, the month is always longer than the...
www.kenyatalk.com www.kenyatalk.com
 
Aviator said:
I would never deal with an unregulated person. I learnt the hard way.
www.kenyatalk.com

How I lost 1.3m to Obadiah the Corinthian

Some few yrs ago, I was working for a mhindi firm in the city of Nairobi. I was a boss of some kind earning some cool 90k + bonuses. Below me was a multitude of workers whom I was "managing", and then there was Obadiah. As happens with most Muhindi firms, the month is always longer than the...
www.kenyatalk.com www.kenyatalk.com
Click to expand...

I'm not telling you to deal with anyone who is not regulated. I was just giving you pointers about the rates of returns for such business. So the 24% they are quoting is achievable. But the 5% management fee ni kubwa sana. Pole kwa masaibu ya Obadiah.
 
Aviator said:
@Okiya look at this and give us your expert opinion. And tell us where the catch is.

Dear *****,

Thank you for expressing interest in Mansa-X Fund, an innovative investment solution by Standard Investment Bank (SIB)
SIB is a member of the Nairobi Securities Exchange (NSE) and is licensed and regulated by the Capital Markets Authority (CMA) as an investment bank. SIB is the only company that has obtained a Money Manager license in Kenya under the Capital Markets, as per the Online Foreign Exchange Trading regulations 2017.

Overview of Mansa-x:
Mansa-X is a Global Multi-Asset Long/Short Strategy Fund that provides investors with exposure to global markets through a variety of Instruments including:
· Currencies such as G10 currencies, emerging markets currencies
· Stock Indices such as S&P 500, NIKKEI, FTSE
· Precious Metals such as Gold, Silver, Platinum, Palladium
· Commodities such as Coffee, Brent crude, WTI crude

Key Features:
· 0% Initial Fee
· 0% Redemption Fee
· 5% Annual Management Fee prorated over 365 days
· 10% Performance fee applied when a return above 25% hurdle rate is attained
· Above average market returns (As at December 2019, Mansa-x yielded a return of 24% p.a. for our clients)
· 6 months lock in period
· Quarterly statements/valuations
· Fund Fact Sheet that is updated quarterly
· Regular Global Markets Commentary


Benefits of Global Markets Exposure:
· Diversification from traditional asset classes of Kenyan equities, Kenyan fixed income and real estate
· 24-hour Market: Sydney, Tokyo, Nairobi, London and New York
· Dollar Return: Potentially adjusts for KES depreciation and inflation
· Leverage: Trade amounts larger than your capital
· Trading Opportunities: Whether the markets are moving up or down, the funds have opportunities to make money.
· Liquidity: Ability to access funds at any time with minimal loss of value
· Local presence: both online money manager and online brokers based in Kenya

Invest exceptionally and be part of our success journey. We are looking forward to having you on-board.

Attached please find the Company Profile and SIB Supplement.

Kind Regards,
NJOKI NGINYI
FINANCIAL ADVISOR, GLOBAL MARKETS.
Click to expand...
1. Such rates (24%) do not exist in developed markets.
2. There are no guaranteed returns. You will take what they give you after they take their cut.
3. Such rates only exist in extremely risky markets, where losses are very normal
4. Forex is more risky than betting. Let no-one lie to you.
5. This is the next official scam. Expect sob stories an year or so from now.
6. If their fee increases to 10% when your returns are more than 25%, why don't they reduce if you make much less.
7. If they could make 24% returns, they would not need your money.

Addendum:
The use of the name standard is supposed to hoodwink clueless people that they are part of standard chartered. This should be the first red-flag that you are about to shake hands with danger. Second, three board members from the same family?A shiny eye family?
 
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upepo said:
1. Such rates (24%) do not exist in developed markets.
2. There are no guaranteed returns. You will take what they give you after they take their cut.
3. Such rates only exist in extremely risky markets, where losses are very normal
4. Forex is more risky than betting. Let no-one lie to you.
5. This is the next official scam. Expect sob stories an year or so from now.
6. If their fee increases to 10% when your returns are more than 25%, why don't they reduce if you make much less.
7. If they could make 24% returns, they would not need your money.

Addendum:
The use of the name standard is supposed to hoodwink clueless people that they are part of standard chartered. This should be the first red-flag that you are about to shake hands with danger. Second, three board members from the same family?A shiny eye family?
Click to expand...


On #1 and #7 you are wrong.
You see the guy who made this post in 2010? He is a personal friend of 20 years. He will tell you 24% is peanuts.

20200421_201739.jpg
 
upepo said:
The use of the name standard is supposed to hoodwink clueless people that they are part of standard chartered. This should be the first red-flag that you are about to shake hands with danger. Second, three board members from the same family?A shiny eye family?
Click to expand...
True, using Standard is suspect. And a shiny-eyed family board is akin to a den of robbers.
 
Okiya said:
On #1 and #7 you are wrong.
You see the guy who made this post in 2010? He is a personal friend of 20 years. He will tell you 24% is peanuts.

View attachment 10052
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The average market returns in developed countries should be around 10%. Anybody promising double that is a big liar and the listener a bigger fool. If you show me your profits in forex, I will also demand to see the losses. If anyone can make money in forex, they should be making their own money and not seeking to do it for others for a fee. Someone promising to trade forex on your behalf is akin to someone selling you betting tips.
 
upepo said:
The average market returns in developed countries should be around 10%. Anybody promising double that is a big liar and the listener a bigger fool. If you show me your profits in forex, I will also demand to see the losses. If anyone can make money in forex, they should be making their own money and not seeking to do it for others for a fee. Someone promising to trade forex on your behalf is akin to someone selling you betting tips.
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Not all deals make profits. Of course kuna losses in there. But trust me there are people making average returns of more than 24%. Why should they ask for someone's money? The reason is simple. The more the sum invested the more the profit.
 
upepo said:
1. Such rates (24%) do not exist in developed markets.
2. There are no guaranteed returns. You will take what they give you after they take their cut.
3. Such rates only exist in extremely risky markets, where losses are very normal
4. Forex is more risky than betting. Let no-one lie to you.
5. This is the next official scam. Expect sob stories an year or so from now.
6. If their fee increases to 10% when your returns are more than 25%, why don't they reduce if you make much less.
7. If they could make 24% returns, they would not need your money.

Addendum:
The use of the name standard is supposed to hoodwink clueless people that they are part of standard chartered. This should be the first red-flag that you are about to shake hands with danger. Second, three board members from the same family?A shiny eye family?
Click to expand...
I am equally surprised that Okiya says that a 24% annual return is achievable. I would think that what they have cited is a one-off event due to a stellar singularity - a flash in the pan.
 
Aviator said:
True, using Standard is suspect. And a shiny-eyed family board is akin to a den of robbers.
Click to expand...
Aviator said:
True, using Standard is suspect. And a shiny-eyed family board is akin to a den of robbers.
Click to expand...
So maybe they should change their name from Standard Investment Bank to Barabara Investment Bank?
The name was Standard since 1995, guys.
We also have Standard Bank which owns Stanbic Bank. They should change to Njia Bank.
 
Aviator said:
Key Features:
· 0% Initial Fee
· 0% Redemption Fee
· 5% Annual Management Fee prorated over 365 days
· 10% Performance fee applied when a return above 25% hurdle rate is attained
· Above average market returns (As at December 2019, Mansa-x yielded a return of 24% p.a. for our clients)
· 6 months lock in period
· Quarterly statements/valuations
· Fund Fact Sheet that is updated quarterly
· Regular Global Markets Commentary
Click to expand...


Hakuna minimum investment amount?
 
uwesmake said:
no sane person would make you 24% richer in exchange for a 10% fee. SCAM
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They charge 2 types of fees.
5% Management Fee. This is standard for all AUM.

The 10% Performance Fees, is only charged on extra return earned above 25%.
This means the investor gets 90% of the extra return above 25%
If they fail to get an extra return then it doesn't apply.
 
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