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This guide contains tips to where you can invest your money in Nigeria in 2020 and earn better returns

If there’s anything I can tell you about money, it is that you should fear one thing: inflation. Inflation in a lay man's term measures how prices of goods we consume everyday change over time – the percentage (%) changes each year are called inflation rates.

Let's say the price of a basket of tomato last year was N7,500 and this year, the same basket of tomato now sells at Mile 12 for N10, 200, we can say inflation rate is 36%. Although inflation isn't measured by the percentage change in a single essential commodity, a collection of different varieties of food, I only used this scenario to educate an average non-finance individual.

Nigeria’s inflation rate increased to 11.61% in October 2019, the highest in 17 months - an increase that is not unconnected to increase in the price of bags of rice, carton of imported poultry outputs and raw materials following the border closure on August 2019. What does rising inflation means for you, your expenses and investments?

What this means is that if a small bag of rice, which was sold for 5,000 a few years ago, is 18,000 today, at the current inflation rate, this time next year, that same bag will cost you 20,089.8.

Now imagine you have to keep 100k aside for investments. What effects will inflation have on your plans? Let’s examine the possibilities:

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YOUR GUIDE TO BUILDING WEALTH

To build wealth, you have to be mindful of investing in options that pay higher interest than the inflation rate. Investment opportunities are everywhere, but not all are equal.so what should you do?

ELIMINATE THE JOKERS
Before we even start, let’s just remove your bank as a serious option. Storing money in your bank’s savings account will earn you a maximum of 3-4% interest. (8% below inflation rate) if you stored your 100,000 in the bank for a year, you’d have lost money at the end of the year. But because your bank won’t pay you high interest doesn’t mean you should listen to fraudsters. If anybody tells you to invest 20,000 for a 500% return in 1 month without a convincing business model, that is not a safe investment, so run as fast as you can.

ASSESS THE AVAILABLE OPTIONS
Good work so far. We have now removed both the official and unofficial crooks, so what’s left? What can you actually invest in without stress?

TREASURY BILLS (also known as T-Bills): These are generally regarded as the most ‘secure’ investment to make because they are backed by the government.
As of this write-up, CBN has just banned local investors from accessing the primary and secondary market of its OMO instruments, one of the highly sort-after and high-yielding risk-free investments in Nigeria. As a result of this recent development, pension funds, insurance, non-banking institutions and corporate investors are now on queue for Treasury bills, hence pushing interest rates to lower levels.

Click here for investing ideas in 2020 and earn better returns than T-Bills

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How to Plan your Retirements in your 40s - Learn How to Save, Use the Passive Income Ideas to Invest and Build Wealth for your Family.

Aside from your voluntary retirement savings and contributions to Pension account, everyone is supposed to invest independently for passive income before one clocks 40. While this advice also applies to the 20s, 30s are considered the most appropriate time because it is the period one should aggressively build and own potential lifetime passive income assets.

When you clock 40, you ought to have moved from earning a salary to investing and from investing to generating a sizable passive income that will take care of you and your family.

The question is how much is considered a passive income? Well, there is no single exact figure to consider a passive income but I always think that if everyone has an idea of his/her monthly/annual living expenses, then one can work towards building an asset that generates a cash flow that covers these expenses with extra savings, this, in my definition, is what my definition of passive income.

For instance, if your family expenses on a monthly basis are between N100,000 - N150,000, (which translates to N1,200,000 annually), a true annual passive income, say N1,400,000 should cover these monthly expenses with extra cash savings.

Now if you are in your 20s or even 30s, you have enough time to start building your investment portfolio or asset for passive income. But if you are already above 40, that window may become narrower especially for the late 40s.



Here are practical and action steps to explore your remaining golden years without pressure.

1. Don't panic
Sincerely, being in your 40s with no passive income generating assets means you will keep working for long which isn't a good spot to be in. It could lead to pressure, panic and drive the thought of impoverishing retirements. So rather than panic, make changes that will reduce your expenses and free up cash from your monthly salary into a savings account. If you are able to save 10-15% over the next 12 months, you'll accumulate some cash.

Will the amount saved in my account after 12 months be enough to build a passive income portfolio? Honestly, no. But did you know that is a great starting point to aim for?

Action Points for You:

Open a special savings account with a stable bank.
Initiate a standing order on one of your most active account (maybe salary account or an account that receives most of your income) and instruct your bank to credit the special savings account for 12 months.
2. Invest & Build Passive Income Assets
After making those meaningful changes in your budget like cutting some unnecessary expenses to free up more cash savings, the next step to consider investing in aggressive but secured investment opportunities. At 40, you may think that CBN Treasury Bill and FGN bonds are the only risk-free places to put your money since they are backed the government, no that is not true, at this stage, you still need to consider some safe high return opportunities that beats inflation.

Here are some useful resource articles you should read for a better decision:

Best Low-Risk Fixed Deposit Opportunities You Didn't Know
Where to Invest Your Money for Passive Income
How to Pick Profitable and High Paying Dividend Stocks
How Re-Investing your Dividend Will Make You Richer
Best Investment Apps You Should Download Now
Imagine you are able to bring a home extra 20 - 30% per annum on what you invested in the next 4-5 years by following some of the recommended opportunities and suddenly, things are looking a lot more promising than they were, won't you be happy?

3. Make plans to work a bit longer
This key point depends on where you are in your 40. If you are between 41 - 45, resolve to work a bit longer so you can earn more, and save more money. Working for more years is an opportunity to not only increase your retirement savings but also boost your passive income investment portfolio.

But for older folks above 45, you may consider starting a side business where you offer consulting services to clients in your industry.

The last place you want to see yourself is to retire short of cash and struggle as a senior citizen. If you are in your 40s with no passive income pledge to take action immediately, the longer you wait, the more you put yourself and family at risk.

Feel free to share your questions and suggestions, someone in his/her 40 may find it useful.

Source - This article was culled from this Finance and Investment Blog in Nigeria

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How Do I Invest in Treasury Bills in Nigeria - Treasury Bill Rates Today in Zenith, GTBank, FirstBank, Access, Stanbic IBTC, Ecobank, Sterlings, Fidelity, Union Bank & FCMB 2019 and 2020

This guide is for investors that are looking for alternative investment opportunities in the fixed income market. In my previous investing tips on where you should invest your money, I mentioned TB among other places you can grow your money.

Click here for investing ideas in 2020 and earn better returns than T-Bills



Let's Discuss Treasury Bills
Treasury Bills are government debt instruments issued by Central Bank of Nigeria on behalf of the former to finance expenditure. The instrument is sold through a bi-weekly auction conducted by the Central bank in Primary Market Auction. Buyers are requested to quote bids following which the average minimum bid is selected.

Steps to Buy Treasury Bills in Primary Market:

To buy Treasury Bills you will have to approach your bank requesting for a form. You fill the form with your personal information also indicating the amount you want to buy as well as your bid rate. However, with the advent of a bank's treasury bills mobile application, buyers are only required to fill a signup form once.

Nowadays, the easiest way is through Sterlings Bank's Treasury bill mobile app. The app is accessible to all irrespective of their bank. Gone are the days when the idea of investing in treasury bills meant owning millions in order to invest.

With I-invest app, just about anyone with a minimum of a hundred thousand Naira (N100,000) can go into the Treasury business, Irrespective of one's knowledge of financial investment, the app makes it so easy of r a novice to start.

What is Treasury Bill Bid Rate?

The bid rate is the likely interest rate that buyers have indicated to receive for the principal they are investing in the TB. The apex bank then selects the bids that fall below the accepted marginal rates. The Marginal Rate is the minimum average rate for bids submitted within a bid window while those above are rejected.

You can also buy Treasury Bills from the secondary market or Over The Counter market through a registered stockbroker.

For investors that want to sell their securities before maturity, this is done through the OTC market. The price at which you sell depends on the forces of demand and supply.

When is the interest on Treasury Bills paid?
The interest element of a treasury bill is paid to you upfront and credited to your bank account, The good thing is interest earned from Treasury Bill isn't taxable. However, investors can give their bank a mandate to roll over the Treasury Bill upon maturity.

Is my money safe?
Treasury Bills are one of the safest forms of investment and are backed by the full faith of the Federal Government of Nigeria.

Click here for investing ideas in 2020 and earn better returns than T-Bills

Click here for a complete guide on how to buy Treasury Bills at a Higher Rate

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Best Mutual Funds in Nigeria - Top Performing Managers to Invest In Nigeria - Choose Equity-Based Fund, Money Market Funds or Fixed Income Funds for your Money in 2018, 2019, and 2020

I had earlier shared a guide on how a novice can start investing in the Nigeria stock market without getting involved in the day to day business and the best way to get started is via a regulated and registered mutual fund manager.

Mutual fund managers are considered professionals who understand and have been trained in stock market investing.

I also mentioned some of the mutual funds to consider based on their past performance in 2017.  Please note that these mutual funds are equity-based managers who invest in stocks and such as come with a higher risk of exposure to the stock market volatility. Just like we saw these funds deliver up to 52% in  2017 as investors drove the market to a peak level, the risk of sell-offs had also dragged their net asset value to the south.

The overall NSE index is down by 16% with all the 10 equity-based mutual funds following the same path.

According to Financial Vanguard, FBN Nigeria Smart Beta Equity Fund, managed by FBN Capital Asset Management, a subsidiary of First Bank of Nigeria, Stanbic IBTC Aggressive Fund (Sub-Fund), managed by Stanbic IBTC Asset Management and United Capital Equity Fund, managed by United Capital Asset Management, led the negative trend with a decline of 44.5 percent, 36.4 percent and 23.5 percent respectively in their NAV.

Axa Mansard Equity Fund, managed by Axa Mansard Investments placed fourth, dropping by 22 per cent, while Stanbic IBTC Nigeria Equity Fund, also managed by Stanbic IBTC Asset Management and ARM Aggressive Growth Fund managed by Asset & Resource Mgt Company followed with 15.4 per cent and 12.1 per cent decline respectively.

Others are Frontier Fund managed by SCM Capital, Legacy Equity Fund managed by First City Asset Management and Paramount Equity Fund, managed by Chapel Hill Denham Mgt, which slipped by 4.9 per cent, 3.7 per cent and 2.3 per cent respectively.

Considering the huge risk involved in investing in mutual funds, it is safe to share the best mutual funds, that deliver a consistent return in the midst of market volatility, based on a 5-year horizon.

Although past performance isn't a guarantee for future performance but to a larger extent, it helps to screen for managers that had survived various economic cycles and are considered top professionals in the investment space.

These are mutual fund managers for those that aren't comfortable with equity risk but still want a slow and steady return above benchmark.

Stanbic IBTC Absolute Fund
This is the most consistent of all the mutual fund managers mentioned here, The fund invests in fixed income securities like Treasury Bills, Bonds, Commercial Papers, etc with an objective of providing liquidity.

Stanbic IBTC Absolute Fund has made a loss in 1 month out of 69 months ranging from January 2013 to October 2018. The average return of this fund since 2013 is 78.12% and on a breakdown, the managers generated 10.01%, 12.61% in 2014, 13.19% in 2015, 11.59% in 2016 and 18.48% in 2017. So far in 2018, the fund has gathered a YTD return of 12.33%. This means that the fund has generated a total of 78.12% return since 2013.


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