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Nigerian Bonds (money Machine) - Investment - Nairaland

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Nigerian Bonds (money Machine) by poske(m): 2:35am On Oct 09, 2007
Hello,
Please i need more info on this. i hear access bank is offering 3months maturity bonds For 10%. Does this mean that if i invest N100K into it, and compound it over 5yrs i will get ? ?? what, please i need assistance from those that did compound interest in primary 6. Ha ha ha. grin

http://www.accessbankplc.com/bonds.cfm?id=77

Also can i easily cash my bond out if i do not want to reinvest it(if possible online). Is this better than investing in shares or can it be used as a hedge/insurance for your share portfolio. I can see that these bonds have out-performed the US$ but am not sure about the local inflation. Thanks, Let me also have your alternative investment strategy that can outperform this, month on month year on year cool wink

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