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Nairaland Forum / Nairaland / General / Investment / What Is The Best Way To Invest 1 Million Naira? (7899 Views)
What Should I Invest 1 Million Naira On / Invest #1,000 And Make #300,000 In A Month / What Is The Best Way To Invest 1 Million Naira? (2) (3) (4)
What Is The Best Way To Invest 1 Million Naira? by Nobody: 3:24pm On Aug 30, 2015 |
Hello Investment gurus in the house. I recently started learning about FGN bonds and T-Bills and they seem pretty interesting study. But I'd like to know the best way to invest a million naira utilising the power of compound interests too so I can max my profit. Also are there legitimate avenues where I can invest a million naira and get about 5% interest monthly? Please I'd appreciate any response and advise from you all. Thanks. |
Re: What Is The Best Way To Invest 1 Million Naira? by vacanci: 3:46pm On Aug 30, 2015 |
5% monthly amount to 60% per annum. If any one promised you that, run away because it's not legit. Scam. 1 Like |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 4:07pm On Aug 30, 2015 |
adrianstylez:You said you've started learning about t.bills and bonds, and yet you've not learnt anything? Well, if you have other means of income, then I'll suggest you go with t.bill or bonds. I have not tried bond but i can give you more infor on t.bill if that's your choice cos i have funds in it |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 4:38pm On Aug 30, 2015 |
Naijaonlinegists:Thank you so much for your response. How is the profits rate of T-Bills. I heard is goes in 90days minimum duration. Can I rollover my investments after that specified period? |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 4:40pm On Aug 30, 2015 |
vacanci: Thanks for this info. However are you saying that no legitimate investment opportunities can pay up to 4- 5% monthly? |
Re: What Is The Best Way To Invest 1 Million Naira? by Desanta(m): 5:25pm On Aug 30, 2015 |
The only legit business I can think of that does not require your presence and will give you 5% profit monthly is money lending. However it does have its challenges. I know because I have been there. However, NTB gives you a lot of peace of mind and does not require your presence. That's what I do now. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 5:35pm On Aug 30, 2015 |
adrianstylez:The profit depends on the amount you intend to invest and the prevailing interest rate. If you intend investing the whole 1m for 91day at let say 10% interest rate. You should be having 25k as profit on maturity. And you you can rollover the interest for as long as you want. 1 Like |
Re: What Is The Best Way To Invest 1 Million Naira? by vacanci: 6:08pm On Aug 30, 2015 |
adrianstylez: There is no guaranteed investment that yield that. Only options are risky ones like in capital market, FOREX or entrepreneurship where you can also look your capital if your speculations don't go your way |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 7:01pm On Aug 30, 2015 |
Naijaonlinegists: But 10% of 1 million is 100k na |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 7:16pm On Aug 30, 2015 |
adrianstylez:Hmmmm! For 91days? Are a money doubler? For 365days is 100k, for 182days is 100k/2= 50k and 91days is 100k/4=25k 1 Like |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 7:22pm On Aug 30, 2015 |
[quote author=Naijaonlinegists post=37501535]Hmmmm! For 91days? Are a money doubler? For 365days is 100k, for 182days is 100k/2= 50k and 91days is 100k/4=25k [/quokte] Chai 25k profits in 3 months. About 8k a month from 1 million naira investment. Wow. Looks meagre. #Justsaying 1 Like |
Re: What Is The Best Way To Invest 1 Million Naira? by whyniel: 10:58pm On Aug 30, 2015 |
[quote author=adrianstylez post=37501705][/quote] You ain't ready for TBills if such return is too meagre. You can increase your principal you know. The more the merrier. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 1:03am On Aug 31, 2015 |
whyniel:Don't get me wrong. I just feel making about 100k a year from investing 1 million is small. I'm willing to go about it though but I need more info. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 9:05am On Aug 31, 2015 |
[quote author=adrianstylez post=37501705][/quote]Then leave the fund in your savings account. I think that will be a better idea for you.... |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 12:14pm On Aug 31, 2015 |
Naijaonlinegists: If course not! I just need the best way to invest a million that will give me at least 300k within a year. |
Re: What Is The Best Way To Invest 1 Million Naira? by sayit247: 2:57pm On Aug 31, 2015 |
To avoid losing your money, do not seek 'abnormal' profits. It is good for you to know that the investment vehicle you wish to utilise in achieving returns will also make profit to service their operations before declaring profit for you. If you desire a minimum of 30% ROI, why not take lessons in entrepreneurship so you can maximise returns on your capital of N1,000,000.00. In any investment you make the security of your funds should rank uppermost in your mind. Thank you. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 4:21pm On Aug 31, 2015 |
letsurvey:The reason for my statement was because i suggested t.bill for the op and he said 25k for 3months is too small. Then leaving the fund idle in saving might be a better idea for him nah... |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 5:02pm On Aug 31, 2015 |
letsurvey: 5% per month. That sounds impossible. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 5:04pm On Aug 31, 2015 |
sayit247: Hmmmm. Good point there. So what would you do of you have a million naira at hand to spare then? |
Re: What Is The Best Way To Invest 1 Million Naira? by Desanta(m): 6:56pm On Aug 31, 2015 |
letsurvey: NTB= Nigerian Treasury bills. Your principal is safe. You cannot lose it. |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 11:04pm On Aug 31, 2015 |
letsurvey: That % is perannum not per month OGA! |
Re: What Is The Best Way To Invest 1 Million Naira? by Nobody: 1:56am On Sep 01, 2015 |
letsurvey: Kindly Cal the guy yourself and ask if the 7% is perannum or per month. If na 7% per month. Nobody go work again na. That's mad salary monthly. That's why I seriously doubt it. 1 Like |
Re: What Is The Best Way To Invest 1 Million Naira? by cunny88(m): 8:38am On Sep 01, 2015 |
Nah GTB gives 6.75% per annum for up to 1m fixed dep letsurvey: |
Re: What Is The Best Way To Invest 1 Million Naira? by SHOT(m): 1:51pm On Sep 01, 2015 |
letsurvey: No bank in nigeria will give u 7% per month... Its per annum... |
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