Tonytonex:
A business that will give you #50 profit a day is #18,250 in a year.
So that thing na rubbish investment.

Actually, that bros is wrong o. If you invest 10k, your profit after 1 year is #963 only.

Just carry your 10k buy foodstuff and new slippers for trekking abeg. 😁

just2endowed:
inflation is more than 20%, this is madn.ess

Smh. Does inflation remain same or is it all products and services that their prices have gone up by 20% since the past few months? Just say you don't know about bonds and how it's done

Daniel058:



Chai 9.63% ROI . So if I buy one unit I will be making #96.30 at the end of 1 year

How many perce t does the naira depreciate every year... you will even be at a loss in this instance. Its uselsss investing in these type of bond

IyaTola:
My Auntie used thFG bonds to pay her rent before she left Nigeria

good idea, it's good for those that have money that lays useless at bank vault and usually pay rent yearly.

Not a good time to invest as naira keeps depreciating. After 2 years u could be getting less of ur investment even plus the interest except Tinubu steps aside and allow those that want to move the country from consumption to production. It’s as simple as ABC. Or why else why will Tinubu push revamp of Nigeria refinery to December. That’s crazy.

Olachase:
People no get money to buy fuel, FG still won run us MMM

He no fit work

Abeg I day look for contribution hoo (Ajo) 2k park 5 million 🙈🙈

Just siddon there they complain. People are already buying. later you will be crying that only the rich benefits . only to complain. with the present situation in Nigeria, Some people are making money

FreeStuffsNG:
Smh. Does inflation remain same or is it all products and services that their prices have gone up by 20% since the past few months? Just say you don't know about bonds and how it's done

lol, i wont say anything......since u know a lot about bonds and the rate dished out to you make a lot of economic sense.

Let me grab pop corn....oya tell me what i dont know in Bonds

Yankee101:
Loans at 23%
Savings interest less than 10% pa
No be scam be that?

dont mind them.

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

I'm thinking of using palm pay fixed deposit thanks to its attractive interest rate but I'm afraid again make dem no carry my money go
What do you think of this?

Daniel058:



Chai 9.63% ROI . So if I buy one unit I will be making #96.30 at the end of 1 year

it is the same as building a house and giving it out for rent.
I will prefer this one

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

Please is investing in these MFBs mentioned secure and guaranteed ?
Thanks for responding.

dominique:
So if I put 10k, I will get less than N100 per year? They should gettat abeg. I'll only recommend these bonds for someone that has some amount of money they're not ready to touch immediately.

it's same as building a house and renting it out

Tonytonex:

It's small sha. Only if One doesn't know what to do with money. With business, one will get more than that.

A business that will give you #50 profit a day is #18,250 in a year.
So that thing na rubbish investment.

you dey mind them.....

Brownshoe:
good idea, it's good for those that have money that lays useless at bank vault and usually pay rent yearly.

No, she was always putting a specified amount every month for a 12 month period and reinvesting the interest and capital once paid, do you understand?

Tonytonex:

It's small sha. Only if One doesn't know what to do with money. With business, one will get more than that.

A business that will give you #50 profit a day is #18,250 in a year.
So that thing na rubbish investment.

Do you make moneynin business everyday?

dominique:
So if I put 10k, I will get less than N100 per year? They should gettat abeg. I'll only recommend these bonds for someone that has some amount of money they're not ready to touch immediately.

Aunty Dominican Rep., how 9.63% of 10k take be less than 100 bucks na?

Wainey:
it's same as building a house and renting it out

House rent barely even returns up to 10% every year.

House wey dem use 10m build may barely bring 500k rent yearly. Except na shortlet things.

Itzurboi:

1year package: #9,960
2years package: #10,960

that's not true, two year package is N960 yearly

[quote author=IyaTola post=124994933]No, she was always putting a specified amount every month for a 12 month period and reinvesting the interest and capital once paid, do you understand?[/quote

Of course, with this kain bond, her 50m becomes 58.5m thereabouts in 2 years. If she puts the whole 58.5m in another such deal again, it will easily surpass 100m after 10 years, I think.

Anaskie:
How did you arrive at this magical calculation? Na wa ooo

It's obvious that the guy is very poor at mathematics, he's probably thinking that 9.6% of the principal means 9.6 times the principal. 😂😂😂😂😂😂

[quote author=Luckysbab post=124995193][/quote]Yes, now use small figures and see if she wouldn't be able to pay rent and live comfortably

With the repairs and tenants wahala, you will rather not even build in the first instance.

Luckysbab:


House rent barely even returns up to 10% every year.

House wey dem use 10m build may barely bring 500k rent yearly. Except na shortlet things.

But dey put 18% to borrow 4m bank n dey say make u give dem moni with interest of 8 to 10%. Hmmmm

Daniel058:
9.63% of #1000 is how much?

Interest rate is amortised over 12 months. Its not monthly interest.

PeterObi4LP:
The last one I bought and that of MTN share is still running. investment is BAE

I regretted not buying the MTN shares

Na person wey go borrow me 140m to pay back in a month I dey find. Na to just put am for my fairmoney savings account dey collect interest of 45000 daily.

Anaskie:
How did you arrive at this magical calculation? Na wa ooo

The thing surprised me too o

IyaTola:
With the repairs and tenants wahala, you will rather not even build in the first instance.

I tell you. Though, I'm still not sure why majority see it as the 'best investment'. I think it's only a good way to tie down cash, in case the need arises in the future to sell something to raise money.

Itzurboi:
School nah scam

What do you mean? The person you quoted was actually correct but I don't think you were referring to him.

SoftP:

They’ve allocated it before being publicized

That's not true. I bought the last one.

Tonytonex:
Please someone should explain it to me.
If I invest like 10k. How much will I get after the said years?

Less than 1000 naira for you each year depending on how many years you subscribed to.