I'm a living witness to this Sir

Most of my solid buys are during heavy bearish seasons when most people won't buy

emmanuelewumi:





I believe one can enjoy the market better when you have predictable investment income which you can reinvest as stock prices fall, this will increase subsequent Investment income. Ability to keep on buying in a bear market is where serious wealth in stock market are made

emmanuelewumi:




Although if you sell your Fidelity Bank shares at today price of N8.45k and use the fund buy a 20 years FGN bonds. The Investment will give you an investment income of 730k per annum for the next 20 years, which you can reinvest in shares

But you need to know that the income is fixed, unlike dividends and rents that can be increased

🤑🤑🤑🙌🙌🙏
Interesting...Thanks for these Freebies...

emmanuelewumi:




Although if you sell your Fidelity Bank shares at today price of N8.45k and use the fund buy a 20 years FGN bonds. The Investment will give you an investment income of 730k per annum for the next 20 years, which you can reinvest in shares

But you need to know that the income is fixed, unlike dividends and rents that can be increased

Which investment house can agree to help one invest in FGN bonds with around 5M naira. A lot of them want you to have huge funds unless if it's savings bond.

I have sent an email to stanbic long time ago, they usually dont understand that i do not mean savings bond. They want me to do 50M for normal bond

emmanuelewumi:




I prefer Money Market Funds to Treasury Bill.


With 100k and above you can buy FGN bonds through Stanbic IBTC Bank or Stanbic IBTC Stockbrokers

@ Vacanci, the answer to your question

vacanci:


Which investment house can agree to help one invest in FGN bonds with around 5M naira. A lot of them want you to have huge funds unless if it's savings bond.

I have sent an email to stanbic long time ago, they usually dont understand that i do not mean savings bond. They want me to do 50M for normal bond

Do you have a Stanbic IBTC Bank account.

emmanuelewumi:



Do you have a Stanbic IBTC Bank account.

Yes boss. I do. My money has been in their MMF since the days when bond yields were over 15% but they did't respond to my request

emmanuelewumi:




I prefer Money Market Funds to Treasury Bill.


With 100k and above you can buy FGN bonds through Stanbic IBTC Bank or Stanbic IBTC Stockbrokers

Since it's not up to the required 50M, will this appear on one' CSCS portfolio as well?

vacanci:


Yes boss. I do. My money has been in their MMF since the days when bond yields were over 15% but they did't respond to my request

One thing i have learnt in Nigeria is to imbibe the habit of going to their office, i mean “head office “ with ur request......
Phone call is reserved for the Elumelus, not pretenders to the throne like me

On Friday MTN should bless us with another dividend raise again! I love getting rich without doing anything.

For your own good, away from their useless dividend reinvestment this time. Still waiting to be credited for the last one smh.

vacanci:


Yes boss. I do. My money has been in their MMF since the days when bond yields were over 15% but they did't respond to my request

Send a mail to StanbicIBTCIRSTeam@StanbicIbtc.com and copy your account officer or your branch manager.

You can request to buy in the primary or secondary market

U can buy with less than 50mn for the secondary market option.It is also possible to buy at the primary market with less than 50mn if there is a set of people willing to pool up funds to make up for the 50mn naira minimum bid.Bonds are being held by a Custodian.U can move to other financial institutions if needed too

vacanci:


Since it's not up to the required 50M, will this appear on one' CSCS portfolio as well?

vacanci:


Since it's not up to the required 50M, will this appear on one' CSCS portfolio as well?

If you buy through a stockbroker it will reflect in your CSCS statement.

If you buy through a bank, the bank will be the custodian of the investment. You can always write a letter to CSCS through your Stockbroker for the investment to be moved to your CSCS account.


Most Stockbrokers are not too good with bond investment, it is advisable to move such fixed income investments to either StanbicI IBTC Stockbroker or CSL Stockbrokers or any other Investment house that is grounded in fixed income investments.

MeezPat:
U can buy with less than 50mn for the secondary market option.It is also possible to buy at the primary market with less than 50mn if there is a set of people willing to pool up funds to make up for the 50mn naira minimum bid.Bonds are being held by a Custodian.U can move to other financial institutions if needed too

Correct, he can buy with less than N1 million sef

emmanuelewumi:



Send a mail to StanbicIBTCIRSTeam@StanbicIbtc.com and copy your account officer or your branch manager.

You can request to buy in the primary or secondary market

thank you so much

vacanci:


Since it's not up to the required 50M, will this appear on one' CSCS portfolio as well?

As long as you put in your CSCS details, it will appear in your CSCS statement

rate hike https://www.reuters.com/markets/rates-bonds/nigeria-central-bank-raises-main-lending-rate-by-25-basis-points-2023-07-25/

customstreet:


As long as you put in your CSCS details, it will appear in your CSCS statement

Thank you

customstreet:


As long as you put in your CSCS details, it will appear in your CSCS statement

You will need N50 million for that if you are buying FGN bond and not the savings bond.


What the banks do is to buy billion naira worth on behalf of their customers and make some money through that.

emmanuelewumi:



You will need N50 million for that if you are buying FGN bond and not the savings bond.


What the banks do is to buy billion naira worth on behalf of their customers and make some money through that.

so that means if i use less than 50M to buy via a pool of fund using stanbicIBTC brokers, i cannot find it on my CSCS.

If you don't have up to N50 million, you are expected to go with the bank rate and the bank will be your custodian, until you write a letter for the Investment to be moved to CSCS

vacanci:


so that means if i use less than 50M to buy via a pool of fund using stanbicIBTC brokers, i cannot find it on my CSCS.

The bank will buy billion naira worth and resell to you immediately. It is more liquid when the bank is the custodian.

You can ask your questions on the Treasury Bill or FGN bond thread, so that we don't derail this thread

emmanuelewumi:



The bank will buy billion naira worth and resell to you immediately. It is more liquid when the bank is the custodian.

In this case, do i now buy through IBTC bank or the IBTC brokers

Mpeace:
Who no know yMcy56, no get person. Since over two weeks wey seplat dey look for volume to do 10% we no see. Na him yMcy56 do in less than 5mins wey we beg her.
You try as you add mtn join. You too much!

Lol.. Una too dey under-estimate Mcy for hia na.

megawealth01:
MTN still very much in the box... It's SEPLAT that I didn't load well back when they were 300+ I later averaged to around 500+

Wish I'm well loaded in SEPLAT than MTN

This is nice.
I remembered when you bought MTNN that time, the many analysis paralysis then.......
It was expensive at that price truly o, but it was for only those who could sight value and key into it ahead that eventually benefitted from it.

In another news, forex inflow rises by 28%....
https://leadership.ng/naira-unification-forex-inflow-rises-by-28-to-1-41bn/

vacanci:


In this case, do i now buy through IBTC bank or the IBTC brokers

You either get N50 million or go with the banks or investment house terms

Na true sha

yMcy56:

This is nice.
I remembered when you bought MTNN that time, the many analysis paralysis then.......
It was expensive at that price truly o, but it was for only those who could sight value and key into it ahead that eventually benefitted from it.

In another news, forex inflow rises by 28%....
https://leadership.ng/naira-unification-forex-inflow-rises-by-28-to-1-41bn/

Ades1:
On Friday MTN should bless us with another dividend raise again! I love getting rich without doing anything.

For your own good, away from their useless dividend reinvestment this time. Still waiting to be credited for the last one smh.

So what's the best bet for MTN?

Hmm

ogoo4real:


So what's the best bet for MTN?

Collect your dividend in cash and reinvest it yourself if that’s what you choose to do

NGX DIVIDEND ANNOUCEMENT

*NGX Group DECLARES 25kobo INTERIM Dividend*

*QD...31/07/2023*

*PD...31/08/2023*

Thank you.