pls wat is d difference btw primary n secondary market in treasury bills.?

ositadima1:


12.5% ? So it's this bad, see as i dey wait for TBills to appreciate so I can do small, be like say mutual funds better pass at 16% .

Hmmmmmmmmmmmmmmmm.
Guaranteed 16%?
Or just for today
Pls just let me know where 16% is guaranteed in writing and without a caveat for Mutual Trust.
The guy jumping for joy at 12.5% for 94-day tenor is not stupid o if you don't know

TONY56:



Hmmmmmmmmmmmmmmmm.
Guaranteed 16%?
Or just for today
Pls just let me know where 16% is guaranteed in writing and without a caveat for Mutual Trust.
The guy jumping for joy at 12.5% for 94-day tenor is not stupid o if you don't know

Maybe, the people on the other MF thread certainly are not all silly or are they... ?

Hello house I want to appreciate everyone for this informative thread thumbs up. I also want to ask if there is a specific time or period to purchase tbills from the secondary market

ositadima1:


Maybe, the people on the other MF thread certainly are not all silly or are they... ?

Sure they can't all be silly. I guess most of them know why they are there and I guess one of the reasons why they are there is because some of them prefer that their funds be pooled together with others to invest in multi money instruments instead of those of us who believe solely in Treasury Bills thereby taking the small risk that we oldies don't want to take

TONY56:



Sure they can't all be silly. I guess most of them know why they are there and I guess one of the reasons why they are there is because some of them prefer that their funds be pooled together with others to invest in multi money instruments instead of those of us who believe solely in Treasury Bills thereby taking the small risk that we oldies don't want to take

Thank you on your effort towards tutoring me on MF

Treasury Bills Yields Lose 0.04% on First Trading Day
https://www.businesspost.ng/2018/02/27/treasury-bills-yields-lose-0-04-on-first-trading-day/

TONY56:



Hmmmmmmmmmmmmmmmm.
Guaranteed 16%?
Or just for today
Pls just let me know where 16% is guaranteed in writing and without a caveat for Mutual Trust.
The guy jumping for joy at 12.5% for 94-day tenor is not stupid o if you don't know

18% TBs of last year never mature. Mine too at 18% never mature.

NL1960:


18% TBs of last year never mature. Mine too at 18% never mature.

Oh yes o.
By the time they mature, we'll see what the prevailing rates will be. But I Don chop the upfront interest sinnnnnnce.

All the same even if I want to terminate it now, I will be selling at about 12.5% for the remaining 100 days left and losing just about N35,000 out of the N184,000 interest I got last year because TB rates has fallen.

That's the beauty of buying when it's very high and terminating when it's very low.

TONY56:



Oh yes o.
By the time they mature, we'll see what the prevailing rates will be. But I Don chop the upfront interest sinnnnnnce.

All the same even if I want to terminate it now, I will be selling at about 12.5% for the remaining 100 days left and losing just about N35,000 out of the N184,000 interest I got last year because TB rates has fallen.

That's the beauty of buying when it's very high and terminating when it's very low.

No be only you chop upfront interest o. Na the 18% upfront interest i take pay my pikin one year secondary school and boarding fees.

NL1960:


No be only you chop upfront interest o. Na the 18% upfront interest i take pay my pikin one year secondary school and boarding fees.

That's one of the Beauties of Treasury Bills!!!

CBN Auctions N260b Treasury Bills at Primary Market Tomorrow
https://www.businesspost.ng/2018/02/27/cbn-auctions-n260b-treasury-bills-primary-market-tomorrow/

In simple words, T-bills bought directly from the CBN via your banks and other issuing houses are from the primary market and they are in three tenors (91, 182 and 364 days), while those bought from a third party, eg, from someone who had already bought from the CBN are from the secondary market. It means you will usually not buy t-bills with full maturity of 91, 182 and 364 days at the secondary market, you get shorter tenors.

I hope this explains it.

Ikmontana1:
pls wat is d difference btw primary n secondary market in treasury bills.?

ositadima1:


12.5% ? So it's this bad, see as i dey wait for TBills to appreciate so I can do small, be like say mutual funds better pass at 16% .

People seems to be after maximum profit.

I feel from my own POV the quote BTW 10 - 13% is fair enough or OK. There's absolutely nothing wrong with 12.5%

Imagine you have 10M at 10% for 364 days, it practically will gift you 1.2M/yr which will make do.

Na excess profit make people dash MMM their hard earned money just for nothing, I'm not sure if they're still any believers left....dey don change ministry.
Na excess profit make people use #100 play 31 games for bet9ja dey wan win millions, and na 1 game dey always spoil am.
Na excess profit make my colleague go use him savings buy dollars at the wrong time and now, he don almost bite all his fingers comot.

Everybody wants to hit goldmine in a night

Meanwhile I'm not saying excess profit is greed ooo because I can smell gun powder from a tested gun already
Make I run Comot here before something disasterrific happens

C505:


Na excess profit make my colleague go use him savings buy dollars at the wrong time and now, he don almost bite all his fingers comot.

You are so lucky you run comot. I have just acquired a riffle and I would have used you for target practice.
Lol

No be only your colleague, I am also biting my finger o...i will keep watching.

Rates should jump back to 17-18% abeg, chaii

And to think one of the Investment matured this February, there is no motivation to even renew the tenor, 13% lool that's pisspoor

This is very very poooooor by all investment standards. Its not keeping up with Inflation's rates and y'all are saying its better than MMF?

At 15% inflation rate. we are -2+% loss in Real time.

Not good, I will see what first bank can offer when I hit the banks this week. Atall atall na I'm bad pass

chukzyfcbb:
Rates should jump back to 17-18% abeg, chaii

And to think one of the Investment matured this February, there is no motivation to even renew the tenor, 13% lool that's pisspoor

This is very very poooooor by all investment standards. Its not keeping up with Inflation's rates and y'all are saying its better than MMF?

At 15% inflation rate. we are -2+% loss in Real time.

Not good, I will see what first bank can offer when I hit the banks this week. Atall atall na I'm bad pass

But is anyone stopping you from moving to MMF?
Don't let people dictate to you. Follow your mind especially when it tells you that MMF is now better than NTB. After all its your money and not anyone's

TONY56:



But is anyone stopping you from moving to MMF?
Don't let people dictate to you. Follow your mind especially when it tells you that MMF is now better than NTB. After all its your money and not anyone's

No one , I have tasted FBN MMF for a year plus, and I hated the slow approach they gave me.
Getting the Investment started was very slow, liquidating the investment was also very slow.

I was always sending countless number of mails, while referencing my account manger who told me about it. I don't want to have that experience again!

I will manage the piss poor rate of Tbills like that

chukzyfcbb:

No one , I have tasted FBN MMF for a year plus, and I hated the slow approach they gave me.
Getting the Investment started was very slow, liquidating the investment was also very slow.

I was always sending countless number of mails, while referencing my account manger who told me about it. I don't want to have that experience again!

I will manage the piss poor rate of Tbills like that

;

So you've been there before.
Then what we're you driving at when you wrote "and y'all saying it's better than MMF"? as if you've never been there.

Since you have tasted the two, kindly be truthful and let others know which of the two gives better returns on investment and rest of mind apart from the other experiences you have earlier stated above coupled with additional fact that TB is tax free and once you invest, you can go to sleep with both eyes closed as well as get your interest upfront to handle some sundry commitment's.

With your quoted post above, you have inadvertently told me if not others too that TB is better than MMF. So why the "hue and cry"

dipoolowoo:
In simple words, T-bills bought directly from the CBN via your banks and other issuing houses are from the primary market and they are in three tenors (91, 182 and 364 days), while those bought from a third party, eg, from someone who had already bought from the CBN are from the secondary market. It means you will usually not buy t-bills with full maturity of 91, 182 and 364 days at the secondary market, you get shorter tenors.

I hope this explains it.

tanx so much boss

NL1960:


No be only you chop upfront interest o. Na the 18% upfront interest i take pay my pikin one year secondary school and boarding fees.

How much is there school fees ?

C505:

People seems to be after maximum profit.

I feel from my own POV the quote BTW 10 - 13% is fair enough or OK. There's absolutely nothing wrong with 12.5%

Imagine you have 10M at 10% for 364 days, it practically will gift you 1.2M/yr which will make do.

Na excess profit make people dash MMM their hard earned money just for nothing, I'm not sure if they're still any believers left....dey don change ministry.
Na excess profit make people use #100 play 31 games for bet9ja dey wan win millions, and na 1 game dey always spoil am.
Na excess profit make my colleague go use him savings buy dollars at the wrong time and now, he don almost bite all his fingers comot.

Everybody wants to hit goldmine in a night

Meanwhile I'm not saying excess profit is greed ooo because I can smell gun powder from a tested gun already
Make I run Comot here before something disasterrific happens

Na so .

Agbaletu:

You are so lucky you run comot. I have just acquired a riffle and I would have used you for target practice.
Lol

No be only your colleague, I am also biting my finger o...i will keep watching.

Hahahaha

Apologies bro. I no know say you sef follow buy dollars. I just hope it turns out a favor for you guys.

This is not the period we should be loosing money afterall every penny counts

ihedioramma:
How much is there school fees ?

I do not understand this question o.

Please when is the next bidding? I was told it's this week by First Bank but i have not been debited yet. Please when is the next bidding date?

NL1960:


I do not understand this question o.

You said you paid your child school fees for one year . My question is, how much is there school fees for the one year ?

TONY56:




;

So you've been there before.
Then what we're you driving at when you wrote "and y'all saying it's better than MMF"? as if you've never been there.

Since you have tasted the two, kindly be truthful and let others know which of the two gives better returns on investment and rest of mind apart from the other experiences you have earlier stated above coupled with additional fact that TB is tax free and once you invest, you can go to sleep with both eyes closed as well as get your interest upfront to handle some sundry commitment's.

With your quoted post above, you have inadvertently told me if not others too that TB is better than MMF. So why the "hue and cry"

I am new to this and i decided to go for MMF, since i can monitor my earnings and i can add more money to it when i have.. pls what make TB better than MMF??

ihedioramma:
You said you paid your child school fees for one year . My question is, how much is there school fees for the one year ?

Haba, i cannot put the figure in this public place. Moreover, i did not even mention the school. You can PM me for details.

NL1960:


Haba, i cannot put the figure in this public place. Moreover, i did not even mention the school. You can PM me for details.

Ok .

jobgbemi:
Please when is the next bidding? I was told it's this week by First Bank but i have not been debited yet. Please when is the next bidding date?

It should be today.. Maybe they forgot and left the money if not first bank on normal days will debit you immediately you make the request but for other banks they'll debit tomorrow.

ihedioramma:
You said you paid your child school fees for one year . My question is, how much is there school fees for the one year ?

That is none of your business.

emmanuelewumi:



That is none of your business.