Elai147:

Bros I do not invest in 364 days bills as I may regularly need to move funds from Tbills to stock market and vice versa. Besides, if inflation moves higher than or closer to the return on your investment and remain sustained, it lowers the value of your investments.

As for 2015, there is a general believe that presidential election, in particular, has a way of affecting money market and stock market. But what I do is to make sure I invest the safe- diversifying (estate, money market, stock market, etc) and also keeping an eye on political headlines because I no fit shout. I think this method will work no matter who wins the election. The only thing I fear is the presumption by some people that the country may split come 2015. I wonder what effect this will have on investments.

timothy001:


@Elai147 Let Assume 2015 the Country Split,How would this Affect Investment?

walcolm:

...All in all there will be years of waiting with no guarantees

Xlarge42: Oh God thank you.
I have been looking for you guys.
this made me reactivate my dead account (over 4 years).
going to bid next week Wednesday with Fidelity bank
was thinking I should bid with 10.6

so let's say its successful at 10.6 for 91 days, amend my capital is 400,000k. what should be my interest. (if the marginal rate is 10.7)

Thanks guys would really love an answer.
also a friend of mine has 160k (he does not need) is it better to do 91 repeatedly or 364 days.

9free:
My Oga, I have been pondering on this for quite some time. I pray it does not happen but be that as it may I have decided that from March 2014 I start converting 70% of my Assets to cash(Dollars not Naira) just in case. I had also wanted to diversify into some Real Estate(Flipping of Land) but the thought and fear of the bolded scared the hell out of me.

timothy001:

@Elai147 Let Assume 2015 the Country Split,How would this Affect Investment?

walcolm:

If the country goes to war, your investment has to wait until peace returns. That could be any number of years
If the country splits as part of the peace returning, then you will have to approach the government of the country you go with as a citizen to redeem the investment
All in all there will be years of waiting with no guarantees

nairaxchan: Damn made the same mistake as using my current account for my TB investment with Guaranty Trust bank, damn it, the commission that will be removed later on is going to be high oooo, damn it,

anyway gtb is excellent, my interest is in my account, as it was the discounted amount that was deducted,so i do not know who is complaining about gtb bank ooooo

Lawmann: please,can someone tell me the next bidding date.thanks

mrsolutionm: Pls am a newbie and I have a question if I invest like 5million does it mean I will automatically gain return of 400 thousand plus and my capital?

mrsolutionm: After the 90 days?

Elai147:


The interest is per annum. So you will have to divide the overall interest by 4 to get the interest for 91 days. 5 million naira will give you around 140 K for 91 days T-bills. It could be more or less depending on the stop rate for the auction.

silvoice:
pls someone should clarify me on this Tb. assuming i invest 1m at 10% for 91 days. My intrest of 100,000 is discounted upfront; meaning that. 900,000 is taking from my account 4 Tb. At maturity what amount wil be credited to my a/c and what amount wil be divided by 4.

Seun:
If the rate is 10% (per annum), 1/4 of that or 25,000 naira will be your interest for 91 days, not 100,000. And at maturity you will get 1m.

Tassembly:

Firstbank can credit your interest anytime.depend on your branch. I use the ikeja branch.sometimes 2weeks after bidding they won't credit me,they do theirs anytime they like but they will surely do it. Sometimes until i call my account manager before they remember to credit my interest. I continue with them coz of the low amount they accept for tbills.
Are you for real,who told you gtbank doesn't do instant payment to other banks,do you operate online. If you operate online,and haven't added instant payment to your services,just go to request service and add it. Instant payment is done to other banks through online banking,i do it everyday,people have sent like huge sum 1m within a seconds,they charge 106naira only for instant payment.where are you getting your 26090charges from. Once you login to your gtb acct online at the left corner,scroll down to the last where you see transfer.you will see instant payment to other bank.always use that.it get to other bank immediately within a seconds.

Stop using first bank, use first capital, they will credit you in two days and you will need not to call anyone.
The delay is that first bank normally route your transaction through first capital, so why don't you go direct? also the first capital stop rate doesn't err, so no need for you to submit any bid.
they just tell you they got the stop rate for you, do i really need to ask how they do it? of course not

NB: if you submit a bid, they will gladly do your wish but i know better to roll with gods, seems like most people are just knowing about T-bills.

jp philips:

Stop using first bank, use first capital, they will credit you in two days and you will need not to call anyone.
The delay is that first bank normally route your transaction through first capital, so why don't you go direct? also the first capital stop rate doesn't err, so no need for you to submit any bid.
they just tell you they got the stop rate for you, do i really need to ask how they do it? of course not

NB: if you submit a bid, they will gladly do your wish but i know better to roll with gods, seems like most people are just knowing about T-bills.

emmanuel ewumi:


Never knew FBN Capital is now into Treasury Bill investment, I do my TB investment through FBN stock exchange branch. FBN TB investment is done at FBN head quarters.

emmanuel ewumi:

I stand to be corrected FBN Capital is not among the institutions authorized to trade the TB, bidding by FBN Capital will go through FBN hea office.

The Institutions that bid for investors are the banks and the discount houses. FBNH operates a holding structure each company in the structure have their own management and boards.
Transactions between FBN Capital and FBN are basically on commercial basis, as a matter of fact FBN Capital operate banking accounts with FBN, because FBN Capital is not a deposit receiving institution.

Elai147:

Exactly but now I am surprised most stockbroking firms are buying TBills for their clients. It is my understanding that only discount houses and banks are allowed to trade on TBills. So I think most of these other firms sell to their clients from their company's purchased bills.

Elai147:

Exactly but now I am surprised most stockbroking firms are buying TBills for their clients. It is my understanding that only discount houses and banks are allowed to trade on TBills. So I think most of these other firms sell to their clients from their company's purchased bills.

emmanuel ewumi:

They buy for there customers through there bank, and they will charge between 0.5% to 0.75%. Meristem Securities use Zenith Bank for TB investment for there customers and the minimum they will accept in order to create room for their own commission is N 1 million.

BGL Securities uses UBA for TB investment for their clients.

emmanuel ewumi:

They use the clients money to buy through the broker's bank. I stand to be corrected FBN Capital uses FBN for their TB investment.

nairaxchan: Please anyone with idea of treasury bill, i need answer to this question.

I have invested for up to some weeks and i am i to get a certificate or document ,and if yes how many weeks after your investment did you get the document, and how did you collect it

Elai147:



Thanks jare for the info... So why should an investor go through these companies (and pay extra commission charge) when he/she can buy directly from banks and discount houses? Are these bills actually purchased in the investors name or the company's name? Also, who credits investors account at maturity- the stockbrokers or the bank they use? If investors accounts are credited by the stockbroking firms then it is possible the bills were actually bought in the company's name and not the investor's name. If this is true, it is the stockbroking firms that are actually covered by FG/CBN's guarantee on TBills, not the investors. So if these companies go bankrupt what happens to investors capital? Because I don't understand why a company that is not a marketer of Tbills will be posing as middleman or agent and investors will be purchasing Tbills via these companies. This is just a "what if" scenario as I only buy my Tbills through banks. Perhaps those that buy through stockbroking firms can clarify me on the above issue.