₦airaland Forum

Apitch:
Online is 1m daily but for Offline, I think there's no limit

bendo75:
I see that some folks intentionally or unintentionally want to derail this sub. For the past few days, I have noticed name calling, insults and pride on this sub. We must not forget that our forum was started by Feelamong on Feb. 24, 2012 for the purpose of helping folks understand and invest in NTB. Today I am a beneficiary of Feelamong’s ingenuity. It will be nice if we keep this forum for NTB.

For those talking about inflation and saving in dorm accounts, you can start a sub on inflation and I know many folks here be willing to subscribe.

Few years back I flipped all my Usd to naira at $/492 and invested all in treasury bills at 18% interest rate for 364 days. Today it’s $/360. When I flipped $ to ₦, some of my friends flipped ₦ to $ predicting $/1000. They said naija was going to burn down but the good Lord did not allow our country to burn down. No body knows tomorrow. I could also have been at loss and still can if ₦ depreciates a lot in future.

My point is that this sub exists to encourage Nigerian young people to cultivate the culture of saving and for me NTB is a zero risk way to achieve that.

Please let’s keep this forum only for NTB investment and please stop all personal attacks. We are all here to learn from each other. Blessings folks.

Infinitisi:
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Sapeleboy911:
Lol na me your power reach abi? You no go beat our government wey no fit control our free fall of naira making it loose value on daily basis. Na me you wan beat? I go burst strong coke bottle for your head.I no be pastor pikin oo I be jaguda too!!!

On a serious note please let's not derail this thread please. Its been a long time comming.

Sapeleboy911:
You don't have to insult him in order for you to make your point. If he doesn't share the same views with you or find your posts informative others will. So no need for insults just share your views and move on.

Alepa:
E don do na ! Chai
You get bad mouth . And Na ban you dy use play like this o

aremso:
Shior! which mind cant assimilate and who is beefing u! Do you know the calibers of people on this thread? for your Info am a graduate of Economics from the university of Lagos so which theory do you want to quote for me that i don't know? Just let me stop here, empty barrel like you make the loudest noise!

Alepa:
Oga Goan sidown somewhere and stop derailing the thread

deepwater:
Finally, they wan close this thread wey man pikin take they see small choppings.

Why fighting, any body should invest where they like.

People shouting millions millions here up and down, if u check now shi shi no gum dem. Some are just broke a.s.s investment bankers who have access to customers details, they go come KOLOBI the story like saythe thing happen to them directly.

The 2016 dollar rush should not be used as an investment example, as the odds are you could be struck by a thunder more times than seeing the 2016 rush repeat again.

PDP is coming to share the money again.

Guys dont get it, buy that TB today or before the election. Nigeria has defiled all logical terms and theory

katamo:
You hit the nail on the head!!

There are many factors that impact the price of financial assets - and in different ways. Educating yourself about this will position you to make better investment decisions. Every financial asset is useful and using the knowledge you have to best position yourself in the market is all you can do.

While there are people that changed their dollars to naira at N160 and have now lost money, someone else exchanged their naira to dollars at N160 and made some nice profits. Similarly, there are those who bought dollars a year ago at N365 and kept in their dom account. Today dollar exchange rate is N360. If you had invested that money in Tbills instead of buying dollars, you would have been much better off. Stock market is another example - NSE was one of the best performing indices last year with 42% return - however, all those gains have essentially been wiped out this year.

The point is that you need to understand what makes these assets move in price and be on the right side of the trade. Now, this is no easy task and if any of us knew all the answers, we probably will not be in this forum anyway. All you can do is to educate yourself so you can make informed decisions that will increase the chances of you being on the right side of the trade. Good luck investing!

Infinitisi:
Bottom line for everyone I think should be it is important to invest your time and money in financial and economic education.

There are many online courses on investing and portfolio management which will teach you the different asset classes, interest rates, inflation, currency devaluation and how all these factors affect investment decisions and how to properly allocate your funds among different asset classes.

More often than not what separates the successful investors from the rest are education and experience. At least you have control over how much education you get.

jidobaba:
You people have effectively discouraged people from investing in this week's TBills auction!
Some people already wrote and scanned instructions waiting to send to their banks but are now instead looking for land to buy in developing areas...

hias2012:
Good analogy. Good to diversify,and well done folks. But what none has hinted is at what "time" one converts his/her dollars to Naira in order to make profit. In 2016 when the exchange rate skyrocketed was partly because of scarcity of dollars. Banks put a cap on how much dollars you could spend off your dorm account whilst abroad. For the most part, withdrawing in Nigeria wasn't even as easy as the banks cried they didn't have dollars to issue out. I guess this was the case whether you wanted to buy off the counter or withdraw from your dorm account. Hence the black market rate headed far North. And this is the reason people matained warehouses and Ikoyi flats as their dorm account for easy access.When we analyse it's good we highlight the pros and cons. The reason majority invest in TB is because they are sure of their rates, interest and capital and the "time". If you stack your dorm account, which is good, but who says or knows when exchange rate would go again far up and juicy enough at which point you decide to sell? This is not known by anyone. We've probably had like the 2016 experience twice since 1999 or thereabout. Many people died while waiting.

That said the second issue is that everybody is not the same. Some are more risk adverse than others. Some would dare the risk with the hopes of higher returns, and we know that only a percentage of this actually make their money - make it big while others lose evrything or die due to hypertension. But those who like it small, and are careful investing in zero-risk ventures are free from the above hassles, they ALL make their money albeith surely and steadily.

The third is that it is not TB rate that determines inflation rate but the reverse. Hence the fluctuation. So those praying for higher TB rate should know. Higher inflation, higher TB rate and we actually don't pray for this. We pray intlation rates keep going down. So if you have money and you don't know the sure profitable business or venture to invest in, keep investing in TB. However, make sure you don't eat all the interest, make sure part of it is reinvested otherwise with rising inflation the actual worth of your money is reducing over time if you EAT all the interest.

So far all the analysis make a good read for me, and this forum has to be lively to educate and as well to thrill.

Viking007:
I've been reading your old comments for the past 1hr, to say I'm overly impressed with how far you've gone will be an understatement. You don blow like play like play, with lots of investments. I really envy you.

Dotcomnamename is now a politician o. I don't know if he's still in Sweden. Do you have 2sexy's contact? Not sure if the one I have is correct, ends with 4442.

Chibenze:
hahahahaha
ahhh. Is this really mike. boss i great oh, where is dotcomnamename

donshady:
Lol... Na so dem dey do... Na dem dey do meeting with Cbn..

donshady:
No mind them jare. Anybody wey wan do make e do, if e no do make e keep him money... No be by force.. As I no see business to do and Tbills can still fetch me money, should I reject it? No...

calabaman:
What do I need to do to get banned.


Guys it's weird that av never been banned on NL before.

JusticeSeeker:
@OP how much have you been paid to develop this crap? Bunkum.

OkaNaUbe:
Say No To Godfatherism.


I predict the God fathers whose 'anointed candidates' would fail:

1. Amaechi: Anyone he anoints to run under APC would fail because, the South-South are core PDP States. Again, Rivers people are 'angry' how Amaechi worked against their Inlaw, GEJ and fraternised with Buhari. Again, Buhari and APC has proven to bring more sufferings to Nigerians, so, it is another 'minus' for APC in that Zone. Apart from NIMASA headed by Amaechi's puppet, no other representation of South Southerners and other "5%ters" in Federal appointments.
Amaechi worked for his post at Min. of Transport.

2. Akpabio: This can go 50/50 because, in as much as PDP has followership in that zone, but the harsh economy brought about by APC and how Jonathan, whom they might feel is one off their own was ousted from office and little or no appointment of any Ibibio/anang/oron man in any Federal office, Akpabio, being a money man may garner votes for APC in that State. Let's see how it all pans out.

3. Dakwambo: Is a goner. No need to elaborate.

4. Okorocha: His pack of cards are falling. He may loose his senatorial election, his Son-In-Law has already lost and his daughter gunning for house of Reps may also fail. He wants to turn the State into a family business but Imolites are enlightened enough and cannot be brainwashed. They would give him the Ikedi Ohakim treatment.

One thing is this: SELF CONSOLATION Ahead Of Lost Election

amblors:
It's way down this year

GonFreecss1:
Isn't 18% only exclusive to the 50 million naira and above Gang?

ajeleomo:
Bros are you indicating MMF will not rise? What if you buy TB @13% for 182 days like u said and after 30 days MMF have risen to 13.5% and fluctuates around above 13% for the rest of the tenor, Will you call your TB trade a good deal?
This is the reason TB fixed rate MUST significantly be highly than MMF as their is tendency for MMF to rise

Nettuno:
Please anyone with information on whether there will be primary auction next week?

r4blessing:
For now I think Afrinvest NIDF fund has the highest interest rate @ above 16%.. Those with idle cash can look into it