MOBBDEEP: Please, nice people in the house, a friend of mine has about 1.3M & he thought of investing in TB instruments.
He approached Union Bank but was told it was not up to the minimum amount.
Please, any word of advice for him?
Then, this bidding, how do they go about it? Is it the client or the bank/agent that dies the bidding?
How much rate does TB commands averagely these days?

The stop rate (AKA Bid rate) is the interest rate that you are willing to receive for the principal that you are investing in the T- Bills. For example you can indicate an interest rate of 10 per cent as your expected interest rate and hope that it is selected, as it will most likely be different from that of other intending buyers. You can place your bid by instruting your bank manager or go with the prevailing bank rate

princeuk21: The stop rate (AKA Bid rate) is the interest rate that you are willing to receive for the principal that you are investing in the T- Bills. For example you can indicate an interest rate of 10 per cent as your expected interest rate and hope that it is selected, as it will most likely be different from that of other intending buyers. You can place your bid by instruting your bank manager or go with the prevailing bank rate

Thank you Sir
If I understand you well Sir, you meant it is a kind of instruction I give to my agent specifying the lowest/least return-yield percentage below which they should not subscribe for me?

MOBBDEEP:
Thank you Sir
If I understand you well Sir, you meant it is a kind of instruction I give to my agent specifying the lowest/least return-yield percentage below which they should not subscribe for me?

below which they should or not subscribe for you. YES

seriously i dont even waste my time bidding on tbills. i just buy money markets ( that have a good percentage of investment in bills, bonds or )....

please when are the next set of T-bills to be auctioned?

coderXO: seriously i dont even waste my time bidding on tbills. i just buy money markets ( that have a good percentage of investment in bills, bonds or )....

like what pls?

princeuk21: like what pls?

The well known ones:

Stanbic Money Market
FBN Money Market
KGIF

and there are others as well...

CORAL...
ARM...

@Lagtech, i send you $50 did not aknowledge it,hope my hp2000, and those 4 mini ship ooo, am owing you $50 , what about recycle laptops how far,? Na wa ooo the thing done tay oooo

Hello fellow Nairalander,

Please advice me on what is do it is over one month ago that is invested N150,000.00 on Treasure Bill. To date am still waitig for my certificate of investment.

What can I do?

Many thanks

makinde3: Hello fellow Nairalander,

Please advice me on what is do it is over one month ago that is invested N150,000.00 on Treasure Bill. To date am still waitig for my certificate of investment.

What can I do?

Many thanks

GO TO YOUR BANK OR INVESTMENT HOUSE AND REQUEST FOR IT

coderXO:

The well known ones:

Stanbic Money Market
FBN Money Market
KGIF

and there are others as well...

CORAL...
ARM...

Are u kidding me?

I bought into ARM aggresive growth fund back in 2008 for 20 Naira per unit. as of this moment, thank God it is around 16 Naira per unit. Even if it was 1% i have been getting from TB investment since 2008, i would have been better off.

unite4real:

Are u kidding me?

I bought into ARM aggresive growth fund back in 2008 for 20 Naira per unit. as of this moment, thank God it is around 16 Naira per unit. Even if it was 1% i have been getting from TB investment since 2008, i would have been better off.

how do we buy ARM? is it better than NTB?

coderXO:

The well known ones:

Stanbic Money Market
FBN Money Market
KGIF

and there are others as well...

CORAL...
ARM...

Stanbic Money Market = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
FBN Money Market = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
KGIF = FROM MY INVESTIGATION THIS IS RISK FREE (N50,000). THE CURRENT MPR IS THE INTEREST RATE.


CORAL = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
ARM = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?


THANKS

unite4real:

Are u kidding me?

I bought into ARM aggresive growth fund back in 2008 for 20 Naira per unit. as of this moment, thank God it is around 16 Naira per unit. Even if it was 1% i have been getting from TB investment since 2008, i would have been better off.

You should have bought ARM Money Market dat operate llike TBills. I am currently into FBN Money Market and the interest since I have subsribe has been higher than TBills stop rate. Another benefit is that you can enter and exit freely at any business day.

Hencruz: Please has anybody here invested in FBN money market funds?

Yes

unite4real:

Are u kidding me?

I bought into ARM aggresive growth fund back in 2008 for 20 Naira per unit. as of this moment, thank God it is around 16 Naira per unit. Even if it was 1% i have been getting from TB investment since 2008, i would have been better off.

1. I made no recommendations. I mentioned 3 particular mutual funds that invest highly in "treasury bills" (or "bonds" ). And others.


2. If you bought ARM "Aggressive Growth," you bought a riskier investment that is more "Aggressive." They invest highly in stocks ( equities ), for the possibility of a greater gain (thus greater loss).


So read well these things: nairaland posts; mutual fund prospectuses; and the like.


Peace.

.... and ARM Money Market is ARM's "treasury bill" type fund as Yem0350 as rightly stated.

Yem0350:

You should have bought ARM Money Market dat operate llike TBills. I am currently into FBN Money Market and the interest since I have subsribe has been higher than TBills stop rate. Another benefit is that you can enter and exit freely at any business day.

Exactamente!

princeuk21:
Stanbic Money Market = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
FBN Money Market = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
KGIF = FROM MY INVESTIGATION THIS IS RISK FREE (N50,000). THE CURRENT MPR IS THE INTEREST RATE.


CORAL = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?
ARM = IS THIS RISK FREE? WHAT IS THE INTEREST RATE LIKE?


THANKS

No investment is risk free but these I mentioned are pretty good for low-risk, and good return.


If you ask me, FBN MM and KGIF are battling for who is the best out there.

Hello guys... Its been nice reading lots of informative comments on here. Seems FBN MM and KGIF seem to be better than NTB at the moment. Do you guys forsee a reversal in the trend? How does the risk factor of those two measure up with Tbills? And for those who are certain to shift focus to KGIF and FBN MM, how do they go about it?

coderXO:


No investment is risk free but these I mentioned are pretty good for low-risk, and good return.


If you ask me, FBN MM and KGIF are battling for who is the best out there.

ok thanks

Bamz: Hello guys... Its been nice reading lots of informative comments on here. Seems FBN MM and KGIF seem to be better than NTB at the moment. Do you guys forsee a reversal in the trend? How does the risk factor of those two measure up with Tbills? And for those who are certain to shift focus to KGIF and FBN MM, how do they go about it?

you have to do your research and read deep on that, dont follow the crowd. Thats my advice

Bamz: Seems FBN MM and KGIF seem to be better than NTB at the moment.

How did you arrive at this conclusion?

Seun:
How did you arrive at this conclusion?

Its the truth. The best you can get is 10.35% (365 day bill), effective rate is around 11.54%, while these houses are offering 12% per annum.

nitrogen: Its the truth.

What rates can you get from FBN, MM and KGIF at the moment, after deducting withholding tax?

Seun:
What rates can you get from FBN, MM and KGIF at the moment, after deducting withholding tax?

Dont think there is any withholding tax o, but if there is, then you are left with 11.88%, still cool.

Seun:
What rates can you get from FBN, MM and KGIF at the moment, after deducting withholding tax?

You don't need to pay withholding tax. The rate is determined by daily changes in market index. The last time I checked, it was 11.78%. You can contact me if you have reasonable sum to fix.

Sunbellar:
You don't need to pay withholding tax. The rate is determined by daily changes in market index. The last time I checked, it was 11.78%. You can contact me if you have reasonable sum to fix.

Is the interest paid upfront also like treasury bills ?
Where can i go to invest in FBN,MM & KGIF respectively?
What are the risk iinvolved ?

Thanks

Sunbellar:
You don't need to pay withholding tax. The rate is determined by daily changes in market index. The last time I checked, it was 11.78%. You can contact me if you have reasonable sum to fix.

Is it risk free?

Seun: Is it risk free?

You are indirectly investing in government projects, hence you are secured, even if the government changes, you will still get your investment and ROI except there is a total collapse of the entire Nation.

TBs is a RiskFree investment and sometimes gives a ROI that exceeds fixing money with deposit banks.

Seun: Is it risk free?

Absolutely risk free. Just like normal term deposit.