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Investment Ideas For A Pensioner - Investment (2) - Nairaland

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Re: Investment Ideas For A Pensioner by Skynet247(m): 2:26pm On Jun 25, 2013
donfish28: hi skynet 247, which forex broker do you use for your live trading or rather which forex broker is the best? thanks
i use instaforex.com and i love it, as you know forex is a win and loss thing... What i do is,when i get even as little as $40 in 10mins i withdraw bro.no dulling...
Re: Investment Ideas For A Pensioner by aeu1: 2:27pm On Jun 25, 2013
Just approach your Bank. Bids for Treasury Bills are done every 2 weeks. I will recommend GT Bank. Once successfully bidded, you'll be paid interest upfront. You'll have back your money at maturity which you may wish to reinvest or fulfill a standing order for the bank to automatically reinvest for you. It is better than fixed deposit most at times in terms of interest rate.

@ kokoye (m):
Anyone out there who can help to shed more
information on Nigerian T-bills (and possible assist
in aquiring some)please?
thanks in advance.
Re: Investment Ideas For A Pensioner by Skynet247(m): 2:27pm On Jun 25, 2013
Guys i really appreciates your comments... But seun... Honestly i don't understand what you mean... Thanks to al u guys...
Re: Investment Ideas For A Pensioner by pendusky(m): 2:39pm On Jun 25, 2013
Seun pls break the TB of a thing! Is it d new trending word on Investment world? Huh?
Re: Investment Ideas For A Pensioner by pek(m): 2:45pm On Jun 25, 2013
PapaBrowne: You mean gratuity not pension.

Is he a PHCN Worker. I'll be back with an interesting list of 7 things.
yes. thought I was the only one that noticed it. it has to be gratuity and not pension!
Re: Investment Ideas For A Pensioner by okemmadu(m): 2:50pm On Jun 25, 2013
pendusky: Seun pls break the TB of a thing! Is it d new trending word on Investment world? Huh?

read more
https://www.nairaland.com/878880/treasury-bills-nigeria
Re: Investment Ideas For A Pensioner by kokoye(m): 3:02pm On Jun 25, 2013
aeu1: Just approach your Bank. Bids for Treasury Bills are done every 2 weeks. I will recommend GT Bank. Once successfully bidded, you'll be paid interest upfront. You'll have back your money at maturity which you may wish to reinvest or fulfill a standing order for the bank to automatically reinvest for you. It is better than fixed deposit most at times in terms of interest rate.

Thanks.

I dont live in the country (hence my questions) but I do have two bank accounts that are honestly just there..really do nothing with them so I have no contacts.

When you say 'maturity', like how long on the average are we talking?
Re: Investment Ideas For A Pensioner by lif2uz(m): 3:46pm On Jun 25, 2013
Seun: Advice for yur uncle: First, put everything in tbills. 1/4 in 91 day tbills, 1/4 in 182 day tbills, and 1/2 in 364 day tbills. Once you invest in tbills, the feeling that you have to invest your money quickly - which can lead to bad investments - will pass away. Then you can start investing in things you really understand very well - real estate, stocks related to your area of expertise, business ventures selling products and services that are in great demand in your area, etc. Any investment you make should be based on your own personal knowledge and full conviction and not someone's advice. Avoid HYIP's, FOREX, or other funky investment ideas that are likely to fail. If you have no good ideas, just stick with tbills.
You are a MAN bro!
Re: Investment Ideas For A Pensioner by aeu1: 5:23pm On Jun 25, 2013
kokoye:

Thanks.

I dont live in the country (hence my questions) but I do have two bank accounts that are honestly just there..really do nothing with them so I have no contacts.

When you say 'maturity', like how long on the average are we talking?

As earlier stated, 91, 181, 270, 365, days. And longer ones are called bonds: 2, 3, 5, 7, even up to 22 years. The maturity date will be indicated on offer.
You can always contact your bank in this IT age. Google for customer care phone no, email, twitter, facebook & postal address. They will inform you of what to do. Why not sign up for online banking & take control of your account from the comfort of your home. Regards
Re: Investment Ideas For A Pensioner by kokoye(m): 7:18pm On Jun 25, 2013
^^^

I know ..lazy me.

Thank you.
Re: Investment Ideas For A Pensioner by drpips1(m): 8:47pm On Jun 25, 2013
Skynet247: He Is On The VERGE Of Getting His N35,000,000 Pension...any Advice For Him?


My uncle just called me yesterday,that he will soon retire, and get paid his pension of 35M, and was asking me... If i have any business idea, i can discuss with him, and for me,am into forex @ my signature, but teaching an old man forex would'nt be easy... So house or rather NAIRALAND UNIVERSE...what advice will i give him,on how to go about this money? Am sure your honest advice,will help a lot more old men out there, on what to do, after getting there pensions remitted to them...


Like you said you are an FX-trader, Pensions funds are also one of the funds invested with financial instruments like forex and futures, getting contact with an honest/experience fund manager thats an expert with huge funds will yield you real good returns because in forex world, money makes money and money never sleeps, it would be better also if you have a skilled manager that have knowledge to effectively manage a real estate market, a skillfull fundmanager will take advantage of leverage to earn you good returns from both ideas

1 Like

Re: Investment Ideas For A Pensioner by ORAFA(m): 4:19am On Jun 26, 2013
Imanuelle: Please, can he pay his tithe to me?


shocked shocked
Are you GOD?
Re: Investment Ideas For A Pensioner by Skynet247(m): 5:35am On Jun 26, 2013
ORAFA: Are you GOD?
help me ask am o
Re: Investment Ideas For A Pensioner by deenee: 5:42am On Jun 26, 2013
Treasury bills will be best investment vehicle for your uncle. It is risk free, interest is paid upfront and can be invested in for 91, 181 and 365 days
Re: Investment Ideas For A Pensioner by mamajohn(f): 5:56am On Jun 26, 2013
Codedrock:
see how he analysed it.. Ah bro seun all you know is business!
what do you expect from an Ijebu man
Re: Investment Ideas For A Pensioner by Nobody: 10:18am On Jun 26, 2013
ORAFA: Are you GOD?


no.

a god grin

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