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Investment › Re: Treasury Bills In Nigeria by Bamz(m): 9:14pm On Jul 03, 2019

TotoNaRubber:
Exactly, bitcoin is like ashawo, if you turn am one side to enjoy the fvck e go change price.

9 Likes

Business › Re: ➜ ➜ ➜Currency/E-currency Market Deals➜ ➜ ➜ by Bamz(m): 3:27pm On Jul 03, 2019

Currently buying BTC | Any wallet | Quick transactions

Contact below.

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 1:57pm On Jul 03, 2019

Itziykelly:
pls how much percent interest will 100k investment yiel?

Depends on your investment tenor

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 12:04pm On Jul 03, 2019

Barrytone:
Crypt: someone said the coin is scarce that's why price is up and I ask, who mint the coins. Who regulates it. Who tells him to stop printing. A day will come like mmm when everybody will have crypt and there will be no buyer. What will happen? When can I buy with those coins in Alaba or ladipo. Can I buy cement with it.
Am a novice and will like us to clear some grey area here to educate novices like me. I reiterate, I don't like too much money. One thing at a time, crypto to the left, we are tbillers.

Lol for you to be investing in TBills and making this kind of comments befuddles me. grin

You sought information, and it got you here. I respect your opinion but I'm cringing right now. grin

I agree that we have different levels of risk appetite.

If I had a million dollars today, its ratio 70:30 between MMIs and cryptos, but thats me. Some may throw in equity investments, real estate etc. I'm team tbills too but then inflation rates are always at par with the interest but I understand that preservation of capital is most paramount.

Does it make sense to bash what you do not understand? No. Then seek knowledge and information.

Does it make sense to invest in what you do not understand? No, stick to what you know.

3 Likes

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 7:29am On Jul 03, 2019

ositadima1:
This is so true, my doubt is liquidity, how easily can i offload my coins. Yesterday morning, bitcoin dropped just below 10,000 usd and as at this morning it is around 11,490 usd, a 14% gain in a day. Imagine if I had entered the market at its low and exited today with a seed money of 2 million naira, I would have made 240 k profit.

Again, if I can assure my self of its liquidity I might start trading it. Even if it crashes, no problem, the worst case that can possibly happen is having my money tied down for a while, it always bounces back given time.

Cryptocurrency is here to stay, I even read some where it will eventually be worth 100,000 usd a coin in a couple of years as there are only a limited number of bitcoins ever.

I got in at 10k. I was supposed to buy at 11k it but it exceeded 11k through the night.

It's a mentality thing really and like I said, it all depends on one's financial objectives. I wish I had more funds. If you're going to go in with a large sum, I believe you're planning to do intraday trading and you must get the technicals spot on. At the moment, if you're planning to hold for a month, it's a strong time to buy.

For liquidity, I buy/sell though or you could come to the currency thread (below) to ask for vouches or meet other sellers. cheesy

https://www.nairaland.com/3190496/currency-e-currency-market-deals

Travel › Re: DIY Guide To Australian Permanent Resident Visa - Part 2 by Bamz(m): 5:26pm On Jul 02, 2019

tomimy1:
please we need to stop pleading with @justwise because i see no reason for that. Oga Bellong should register with another username jare as Bellong d great . we go know say na him. We need to progress and not be going on a wrong lane of argument.

or BellongTheRessurrected grin

Lol, we don't need all of this bad energy. This is just a case of miscommunication but I trust the mod in his knowledge would handle things appropriately for everyone's benefit.

1 Like

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 5:11pm On Jul 02, 2019

This is a bit of a distraction, but I reckon that the interest from t-bills can be further invested in cryptos.

I was reading an article from Cointelegraph that the currency has been profitable for 98.2% of the days since creation. According to the report, "That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018."

Since we're all short to mid-term investors, this can give us a bit of perspective:

52 Week High / Low $13,796.49 USD / $3,191.30 USD ( over 400%)

90 Day High / Low $13,796.49 USD / $4,836.79 USD (over 280%)

30 Day High / Low $13,796.49 USD / $7,564.49 USD (over 80%)

-----
A logic one can adopt is to ride the waves not minding where the water takes you. If you do Dollar Cost Averaging and buy say $100 at every thousand dollars to Bitcoin rate, I think that makes a lot of sense in the long term.

E.g if you start when bitcoin is at $10k, you buy $100, and even if it drops to $9k (better for you), you still accumulate at fixed amounts of $100 at $8k, $7k etc until it gets to a plateau. When it starts to retrace, depending on your financial goals, you either wait for it to get to $11k and liquidate all the previous investments or if you're a long term investor, keep buying at those milestones, and liquidate at an all-time high (ATH) price which will be over $20k. The only thing is that no one knows when the ATH price will occur.

I wonder why I've been saving in Naira. embarassed

1 Like

Christianity Etc › Re: COZA Members Mock Protesters: We Were In Church Laughing Our Eyes Out (Photos) by Bamz(m): 11:05pm On Jul 01, 2019

Ighoga898:
Otherwise what will happen..

Can't pastors sin too, are they not humans..

First three comments girls,,, All I see is three sinners condemning another sinner for sinning differently..

They probably have committed abortions twice each this year alone..

Nonsense

Had to reread this.

What kind of drink do you like my friend?

35 Likes 1 Share

Music/Radio › Re: Olamide X Wizkid X ID Cabasa – 'Totori' (Video) by Bamz(m): 11:41am On Jul 01, 2019

feelgoodstuffs:
As usual noise noni. Not impressed

Lol are you having laugh mate?

He's staying true to his genre and I thought Wizkid complemented him nicely. It's a different thing if you don't like his style of music and I expected you to avoid this thread completely.

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 10:46pm On Jun 30, 2019

4 Likes

Celebrities › Re: Busola Dakolo, Aaramide Abe, Goge Africa, Others Speak At Boss Lady Conference by Bamz(m): 10:24pm On Jun 30, 2019

sukerefakere:
Fatoyinbo VS Dakolo

Predictions
2-2 goalless draw,
and under 1.5

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 10:10pm On Jun 30, 2019

Donbrig:
Good day fellow investors. It seems West Africa is really serious about rolling out a regional currency from January 2020, I thought they have been joking Ohhhh. How is this new currency (ECO) going to affect treasury bills and other investments in Nigeria? Gurus in the house should educate us on this.

Heard it on BBC. It only favours Nigeria as the largest economy.

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 10:09pm On Jun 30, 2019

gaeul:
Please is www.tbills.com a legit TBills site? Is it owned by access bank?

It's at dot ng (.ng)

I don't think it's fully functional yet though. Access is offering a little over 11.25 for their 3 months tenor on the secondary market. The plan is to be able to see the rates directly on that portal.

Celebrities › Re: May D, His Wife Carolina Wassmuth And Their Son In Lovely Photos by Bamz(m): 9:40pm On Jun 29, 2019

Interracial marriage is a goal!

5 Likes 1 Share

Sports › Re: OFFICIAL: Manchester United Sign Aaron Wan-bissaka From Crystal Palace For £50m by Bamz(m): 5:02pm On Jun 29, 2019

Mooselion:
Another Zaha..

Chai, football done cast oh.... So unknown regular footballer is now 50mil....

Man utd can spend money foolishly Sha... Heavy signings heavier failure.

And one CL and EL winner in Chelsea gets bought at 40m. Let's all laugh at United.

Politics › Re: Next Level Appointments: Are The President’s Men At War? by Bamz(m): 11:17am On Jun 29, 2019

Lol, everything in this country is a struggle.

I really don't approve of political jokes but I've seen way too many of them get elected.

Jobs/Vacancies › Re: Re: My Friend's Interview Experience In Lekki by Bamz(m): 12:33am On Jun 29, 2019

pocohantas:
Aye awa obirin

Available at Ebinpejo lane, Idumota, Lagos

Marketed and distributed by Seun and sons

Grab your copy now!!!

11 Likes 1 Share

Celebrities › Re: Busola Dakolo: RMD Reacts To Rape Allegation Against COZA Pastor Bidoun Fatoyinb by Bamz(m): 11:43pm On Jun 28, 2019

IamD18:
He ended up supporting the accuser indirectly without knowing the real truth.

I held him in high esteem, we're easily triggered in these parts. Think back to Neymar and Kavanaugh.

Crime › Re: Lady Saves Man Who Fell Into The Gutter After Drinking To Stupor (Photos) by Bamz(m): 10:44pm On Jun 28, 2019

Lol alcohol enthusiast

Sports › Re: Cristiano Ronaldo And Girlfriend Meet NBA Legend Michael Jordan(Photo) by Bamz(m): 10:43pm On Jun 28, 2019

What do you call a goat swimming in the sea?

Billy Ocean. grin

2 Likes

Jobs/Vacancies › Re: Re: My Friend's Interview Experience In Lekki by Bamz(m): 10:35pm On Jun 28, 2019

pocohantas:
I am happy for the guy na.
One less angry Nigerian male.

And another source of income for the girls grin

17 Likes

Jobs/Vacancies › Re: Re: My Friend's Interview Experience In Lekki by Bamz(m): 9:47pm On Jun 28, 2019

pocohantas:
Lol. Why?

The way ya dancing grin

1 Like 1 Share

Politics › Re: COZA: Buhari Reacts To The Allegation, Calls For Calm In National Interest by Bamz(m): 9:10pm On Jun 28, 2019

National interest.

Jobs/Vacancies › Re: Re: My Friend's Interview Experience In Lekki by Bamz(m): 9:06pm On Jun 28, 2019*

Awesome!

Now we don't even know if it was pocohantas or merit455's friend that got the job cheesy

Christianity Etc › Re: Pastor Biodun Fatoyinbo Reacts To Rape Allegation By Busola Dakolo by Bamz(m): 8:54pm On Jun 28, 2019

LilMissFavvy:
Even if he is guilty which I think he is, with money he's gonna fight the rape victim and go Scot free . People need to be careful of the lives they lives, past lives/mistakes can hunt.

I hope you don't think he's guilty yet wink

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 4:20pm On Jun 28, 2019

From recent research, 2017 was a really good year for Tbills. I really do not see a trend per se from 2016 up until now but I reckon market forces and government policies have a major role to play.

Using stop rates only within all 3 fixed tenors,

2016 - rates went between 4% - 19%
2017 - rates went between 13% - 19%
2018 - rates were below 15%
2019 - So far, we've seen rates between 9% - 15%

PS. I rounded the figures to the nearest integer.

I think it's a crime to lock down on 364 with anything less than 15%, it's better to opt for 182, and see how things turn out after maturity.

6 Likes 1 Share

Investment › Re: Treasury Bills In Nigeria by Bamz(m): 3:35pm On Jun 28, 2019

temi4fash:
Dats high oo...

Which business can one do with this and break even.

Any job that can earn you above 1.75% monthly cheesy

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