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How Do I Invest My 50k? - Investment - Nairaland

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How Do I Invest My 50k? by Contumely: 7:50am On Nov 27, 2013
Because of ASUU strike, I managed to raise 50k which I wouldn't want to spend on luxuries. Please how do I invest this paltry sum. I would have considered using it for internet business but there seems to be no genuine one around.
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I have heard about First Bank Money market mutual fund but don't know much about it. I have browsed it though.

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There was a package from sterling bank, a kind of fixed deposit with 7% yearly. The interest is a pittance.

Looking forward to hearing from you.
Thanks a million.
Re: How Do I Invest My 50k? by Seun(m): 7:55am On Nov 27, 2013
You can buy FGN bonds with as little as 10,000 naira, so that should work. The interest rate is better than 7% per annum - 12% to 13%.

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Re: How Do I Invest My 50k? by abiodunwes(m): 7:55am On Nov 27, 2013
Y don't u go into fish farming in ur aos or school hostel, this wil help u a lot.
Re: How Do I Invest My 50k? by Seun(m): 7:57am On Nov 27, 2013
abiodunwes: Y don't u go into fish farming in ur aos or school hostel, this wil help u a lot.
As a full-time student, he is not looking for a business to distract him from studies, he's looking for a place to keep the money from himself.

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Re: How Do I Invest My 50k? by tolutweety(m): 8:15am On Nov 27, 2013
@ seun : pls tell me more abt the FGN bonds, i know they are risk-free or of minimum risk, what im so particular is the rate and how easy i can get the returns on the investment.


btw, fgn bonds or treasury bills, what and why should i go for the former ?



THANKS.
Re: How Do I Invest My 50k? by ichommy(m): 8:26am On Nov 27, 2013
Seun: You can buy FGN bonds with as little as 10,000 naira, so that should work. The interest rate is better than 7% per annum - 12% to 13%.

Seun, please tell me more about the FGN bonds and Treasury Bill.
Re: How Do I Invest My 50k? by simplyme3(f): 8:44am On Nov 27, 2013
Fish Ponds:

https://www.nairaland.com/1533099/start-fish-pond-minimum-60000
Re: How Do I Invest My 50k? by Contumely: 9:12am On Nov 27, 2013
Seun: You can buy FGN bonds with as little as 10,000 naira, so that should work. The interest rate is better than 7% per annum - 12% to 13%.
Re: How Do I Invest My 50k? by Contumely: 9:16am On Nov 27, 2013
Seun: You can buy FGN bonds with as little as 10,000 naira, so that should work. The interest rate is better than 7% per annum - 12% to 13%.
Thanks. A time ago while ruminating on this I saw a thread where you elucidated about these bonds. And I decided to try that. But I have virtually been to all the banks in Enugu with none agreeing that it has FGN bonds. Do you have recommendations?
Re: How Do I Invest My 50k? by Contumely: 9:19am On Nov 27, 2013
Seun: As a full-time student, he is not looking for a business to distract him from studies, he's looking for a place to keep the money from himself.
Exactly
Re: How Do I Invest My 50k? by ayili: 1:14pm On Nov 27, 2013
Seun: You can buy FGN bonds with as little as 10,000 naira, so that should work. The interest rate is better than 7% per annum - 12% to 13%.
@ seun am intrested in the above quote please could u shade more light on it? or atleast refer us to some source for more info
Re: How Do I Invest My 50k? by julius99(m): 4:51pm On Nov 27, 2013
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