Donbrig:
I bought 364days treasury bill in primary market with Zenith bank in the last auction, I am yet to know if they were successful or not. No debit, no info on the transaction if successful or not. Please, did anyone in same situation or have experienced such situation with Zenith before and what could be the problem. Advice needed, thanks.

234ng44uk:


I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

234ng44uk:


I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

aremso:


yes ooo very correct in those days when i started with 100k i was was eyeing 1m from 1m i was eyeing 10m that it would be fine for me, i got the 10m i then switched to 15m then i have started looking at how to get 20m by year end. The truth is, only death that can put an end to human greed. But i make sure am ok with whatever i have while pursuing the next target

awesomeJ:

Asides the fact that I hate complacency, I'd be fine even if I had less. For instance, if I was to choose between being a pastor with 50k monthly pay, and being a consultant with 18million per annum, I'd take being a pastor without thinking twice.

234ng44uk:


I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

Agbaletu:

You can't be serious, Bros.

awesomeJ:

Asides the fact that I hate complacency, I'd be fine even if I had less. For instance, if I was to choose between being a pastor with 50k monthly pay, and being a consultant with 18million per annum, I'd take being a pastor without thinking twice.

awesomeJ:

Asides the fact that I hate complacency, I'd be fine even if I had less. For instance, if I was to choose between being a pastor with 50k monthly pay, and being a consultant with 18million per annum, I'd take being a pastor without thinking twice.

Agbaletu:

You are right about never been contented when one is
making money. You will always want to make more regardless of the state of the economy.
An Igbo proverb says "No one goes to the oracle to find out why he is doing well in life"

Amebo123:


Ha hope you are not eyeing the offering?

just joking

Akin3891:



Love ur proverb, funny but truth. I always tell my wife, when i hit this figure, i will relax n just enjoy my money, I've hit target over n over again but i never stop working ,rarely take holidays, my mind is always occupied n hungry, writing down one business ideas or another, you never know where the next inspiration is coming from, so you got to keep the mind open n at alert always . may God bless our hustle.

Akin3891:



U guys will not kill me with laugh oo. 600k over 18 mils annually. ImpossiCANT.

Nnamz:


I'm 25 now with 27 million. I'm planning to retire at 30 and watch my hopefully hundreds of millions work for me. I have a steady very high paying job so I don't have to touch my tbills till I'm 30

Nnamz:


I'm 25 now with 27 million. I'm planning to retire at 30 and watch my hopefully hundreds of millions work for me. I have a steady very high paying job so I don't have to touch my tbills till I'm 30

Barrytone:


If you continue like this then you will find it very hard to retire. At a certain age you start making money at direct risk of your life span. For me, it's the older with good health the merrier. Life is from crawling to crawling. The more you stress the 2nd crawling the shorter you last. If you insist on making all the available money then you do so at the expense of your life. Those who retire early live longer. Quit early to have a fun filled 2nd crawling

HeliosHay:
Is it really worth it for someone outside of Nigeria to invest in T-Bill considering the Foreign exchange risk?

aremso:


yes ooo very correct in those days when i started with 100k i was was eyeing 1m from 1m i was eyeing 10m that it would be fine for me, i got the 10m i then switched to 15m then i have started looking at how to get 20m by year end. The truth is, only death that can put an end to human greed. But i make sure am ok with whatever i have while pursuing the next target

awesomeJ:


Maybe not as low as 2% though.
How about we weigh the pros and cons of having low rates on T-bills:

pros:
1. Lower debt service cost to the FG. Implying a lesser debt burden.
2. Lower finance cost to the CBN (OMO sales) implying more profits.
3. Lower amount of new cash created. CBN sold about 17 trn in OMO sales last year at an average YIELD of about 15%. That alone created 2.5 trillion of new money in the system. lower yields would imply lower amount created and then lower tendencies for high inflation.

4. Increased lending to the real sector, stimulating real sector growth and creating jobs. More ventures having access to finance also mean more industry competition. This has a positive effect on price stability and healthy inflation levels.

5-10: I RAN OUT, SO GUYS ADD YOURS!

CONS.
1. FPIs and banks are no longer much attracted. This makes
it harder to achieve exchange rate stability, especially given the current fundamentals of the economy most notably our high import dependence and low oil prices.

2. Lower or negative real returns to money manager and pension funds. This puts the survival of such industries at risk. Most pension funds in the country are heavily dependent of juicy interest earnings. same with those of us who get a substantial portion of our earnings as interest income.

3-10: ADD PLEASE!

so my biased opinion is that rates should stay at the 15% levels. 18% was desperate! But objectively, If reserves can climb up to $100bn dollars-enough to cover say 30months of imports, I'd say 8-12% is perfect.

diamond88:


Wow Bros what kind of job are you into? I am underemployed here and I am just managing my life.... If I have half what you had, I would retire now coz I am in my early 30s. If you can link me to the next level I don't mind. You might just be the human angel

igbizen:

the money market abroad is not encouraging that's why. I have somebody who lives in Canada and left his retirement money (N200m) in Nigeria Tbill. He takes the interest every year to buy house in Canada (down payment).

Nnamz:


I'm 25 now with 27 million. I'm planning to retire at 30 and watch my hopefully hundreds of millions work for me. I have a steady very high paying job so I don't have to touch my tbills till I'm 30

Sholapey:
We're on the same line...You're my kind of person! I'm a female, 37 year old now with 54 million in ntb and a property worth 70 million am planning to retire by the time am 40 years old by God's grace. I thank God for all he has done for me. I started working at the age of 17y and i got a part time admission to study business administration and left Nigeria to uk @the age of 20y after my OND. Because my aim was to break the backbone of poverty without using my body. Luckily for me, i was able to get a 9am-4pm retail job few weeks after i arrived and later got an additional cleaning job part time of 5pm-7pm mon-fri and pękę job on Saturday. I have only Sundays to rest after church services, i was able to build a rented apartment at age of 24y and rented all out and i have been diversifying my investment with the help of God on my side. Now, am married with kids, i could not work like i used to because of my kids but i have my hard earn money working for me.
This is not to show off but to motivate young once out there, that you can be anything if you want only if you set your mind at it. And to change the mindset of some people who always think only their body can get them what they want. Hell no! Ohun ti a ko ba jiya fun kin pę lòwó, ohun ti a ba sisę fun lohun pę lòwó èni...ma'fowuro sere òremi, isé ni afin déni giga. To my fellow investors, i wish you all best, ori olori oni ko'ere ise wa ooo. Amin�

234ng44uk:


I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

igbizen:

I don't think that will be the case. Bad leadership would embezzle the excess money thereby leaving us the same way we are. The problem with our country is leadership not interest rate nor inflation.

Donbrig:
Wow! we really have lots of multimillionaires in this thread ohhh. For those who wants to retire at the age of 30, it is not normal to retire at the age of 30you won't have any story to tell the young aspiring ones. One could dream of retirement as from 45yrs and above.

Barrytone:


I envy you, at 25 I was still getting upkeep from my parents. Made first million at 35yrs and am 42yrs now and hoping to retire at 50/55

Sholapey:
We're on the same line...You're my kind of person! I'm a female, 37 year old now with 54 million in ntb and a property worth 70 million am planning to retire by the time am 40 years old by God's grace. I thank God for all he has done for me. I started working at the age of 17y and i got a part time admission to study business administration and left Nigeria to uk @the age of 20y after my OND. Because my aim was to break the backbone of poverty without using my body. Luckily for me, i was able to get a 9am-4pm retail job few weeks after i arrived and later got an additional cleaning job part time of 5pm-7pm mon-fri and pękę job on Saturday. I have only Sundays to rest after church services, i was able to build a rented apartment at age of 24y and rented all out and i have been diversifying my investment with the help of God on my side. Now, am married with kids, i could not work like i used to because of my kids but i have my hard earn money working for me.
This is not to show off but to motivate young once out there, that you can be anything if you want only if you set your mind at it. And to change the mindset of some people who always think only their body can get them what they want. Hell no! Ohun ti a ko ba jiya fun kin pę lòwó, ohun ti a ba sisę fun lohun pę lòwó èni...ma'fowuro sere òremi, isé ni afin déni giga. To my fellow investors, i wish you all best, ori olori oni ko'ere ise wa ooo. Amin�