₦airaland Forum

9japrof:
OP. fixed deposit is a way to go or maybe Treasury bills, but the truth is that none would give you that with an option of a month deposit.

go consult your bank

ernie4life:
Abacus is one of the oldest unit trust.
It was recently acquired by investment one funds management limited and converted into a money market fund.
United capital trustee are the registrars/ trustees, Stanbic IBTC are the custodians.
Augusto Co rated the fund A+.
Based on the current performance of the fund seems investment one fund management are doing a good job because the performance of the fund was the highest in may.
Minimum subscription is 1k
Pays dividend quarterly
Asset classification is 100% money market
So far so good everything seems alright.

tunde4top:
Don't do T-bills (The rates are on the down side now and only good for a long term investment tenure). Go for stanbic IBTC MMM (Money Market Fund). After one month, you will be free to terminate your investment anytime you feel like and your principal and acqued profits will be paid back to you within 5 working days. Their ROI is averagely around 17% (per anum) for now. 17%/12= 1.4% interest rate per month. 1.4% *5000000 = 70k interest per month.
Check below link for more
https://www.nairaland.com/1912965/mutual-funds/41#61091042

If I were you, I will use some portion of the money to buy bitcoin and keep till december.

tmod:
Hello, pls what's the difference between primary investment and secondary investment. Am thinking king of walking into the bank tomorrow for treasury bills.

frankloloko:
bro thank you , do you know how much 5m can give from November 6th to December 7th.

Fxmanager:
We are here for you. Your #1,000,000 can currently give you an average of #50,000+ monthly return investing with us after performance fees. And if you want an average monthly return of more than #500,000 after 48 months of your investment with us, you can do so using compound interest in your investment with us. This means after 4 years of your investment with us using compound interest, you will be getting a average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest. This will be possible as long as we stay under our working risk of 5-10% of your capital, and the maximum permissible risk of 30% to your capital. Note: we are doing everything possible to stay under 10% risk to our potential investor’s capital.

At 5% average monthly returns using compound interest without withdrawing funds from your account, your #1,000,000 will grow to #10,401,269.7+ in 4 years time (48 months).

How is it possible to turn #1,000,000 to #10,401,269.7+ in 4 years?

It is possible through the power of compound interest as explained below.

Compound interest is the concept of adding accumulated interest back to the principal sum, so that interest is earned on top of interest from that moment on. The act of declaring interest to be added to the principal is called compounding.(I.e you decide to add the earned interest to the initial principal in the investment going forward)

Monthly compound interest formula
We are using monthly here ,since we are talking of monthly returns.
The formula for Monthly compound interest, including principal sum, is:
A = P (1 + r/n) (nt)
Where:
A = the future value of the investment, including interest(returns)
P = the principal investment amount (the initial deposit amount)
r = the monthly interest rate(returns) in decimal.
n = the number of times that interest is compounded per month (in this case once or one time)
t = the number of months the money is invested
Note that this formula gives you the future value of an investment, which is compound interest plus the principal. Should you wish to calculate the compound interest only, you need this:
Total compounded interest = P (1 + r/n) (nt) - P
Or simply
Total compounded interest =A-P
Let's look at an example
Compound interest formula (including principal):
A = P(1+r/n)(nt)
If an amount of #1,000,000 is invested with us and we return a monthly interest rate (returns) of 5%, the value of the investment after 48months (I.e 4 years) can be calculated as follows...
P = #10,401,269.7. r = 5/100 = 0.05 (decimal). n = 1 (since we are compounding it once a month. t = 48.
If we plug those figures into the formula, we get:
A = #1,000,000(1 + 0.05 / 1) ^ (1(48)) = #10,401,269.7
So, the investment balance after 48 months (4years) is #10,401,269.7
Methodology
Step-by-step explained, how we get the #10,401,269.7. This all revolves around BODMAS and the order of operations. Let's go through it:
A = #1,000,000(1 + 0.05 / 1) ^ (1(48))
Using the order of operations we work out the totals in the brackets first. Within the first set of brackets, you need to do the division first and then the addition (division and multiplication should be carried out before addition and subtraction). We can also work out the 1(48). This gives us...
A = #1,000,000(1 + 0.05) ^ 48
Then:
A = #1,000,000(1.05) ^ 48
The exponent goes next. So, we calculate (1.05) ^ 48.
This means we end up with:
#1,000,000× 10.401269646942109782178152880917
= #10,401,269.7
You may have seen some examples giving a formula of A = P ( 1+r ) ^ t . This simplified formula assumes that interest is compounded once per period, rather than multiple times per period.

We have the best currency trading team here to assist you in building your #1,000,000 to over #10,401,269.7 in 4years (48 months) and beyond. You will be getting an average monthly interest/income of more than #500,000 assuming you decide to start withdrawing your monthly interest after the 48 months, helping you live the life you deserve even without a job. You can give us a trial.

This is the best structured, secured and transparent savings/investment you will ever find in this forum. No lock up period on your savings/investments and you can withdraw or close your account anytime. Your withdrawals from our partner broker to your bank Mastercard/Visa debit card takes 2 to 4 days maximum. If you are using ecurrency payment system, it takes 5 mins to the ecurrency payment systems then you can then make instant withdrawals to your Nigerian Bank account using Nigerian trusted e-currency exchanges. You can also use Bank wire transfer. You might be interested in what we offer. We promise a target of average 5-10%+ monthly profit on your savings/investment. Funds in a secured licensed,audited and regulated financial firm. You can monitor your savings/investment anywhere you are in the world 24/7 using any internet enable device. You are free to test us with any amount you can comfortably risk before saving/investing fully with us. Statement of account sent to your email daily. working risk to savers/investors capital is 5-10% risk and maximum permissible risk to savers/investors capital is 30%. Visit the link below to learn more.

https://www.nairaland.com/3901897/currency-trading-journal-target-avg

Visit the posts below to learn how to avoid scam and fraud. Learn to check and get the regulatory body's website to verify any company's regulatory status.

https://www.nairaland.com/3925379/investments-anti-scam-fraud-guide
https://www.nairaland.com/3931027/4-ways-avoid-investment-scams

frankloloko:
thank you .

frankloloko:
How much can 5 million naira fixed deposits yield in Nigerian bank for one month ,actually I have like 5m but I want to use it by December, I'm thinking of putting it in fixed deposit for November to 6th December.

pyyxxaro:
I deleted it

Am in my welding workshop, come lets fight

KxngKrypt:
FT score:

Man united : 1-3 :Tottenham.

I have seen the future.
Go ahead and Stake your entire life savings. If e nor enter make buhari die!

Fxmanager:
Our team is the one trading the accounts. We are not making spurious financial assertions, we have 10 years experience in the online currency market, and our trading strategy has been tested in our private capacity for 4 years and has been seen to adapt to any market changing condition thereby reducing the risk to investors account, and can also last as long as the currency market exist, though there will a limit to the funds under management due to liquidity so as to maintain our good performance. We are not scammers and are not out to scam investors of their money, the investment structure does not give room for us to scam investors neither does it gives investors room for them to scam us by not paying for the service rendered to them. You will do well to visit our signature to know more about our service.

Visit the link below to learn more.

https://www.nairaland.com/3901897/currency-trading-journal-target-avg

Fxmanager:
It is not that currency trading is risky, but when you investing in an inexperience trader and who might be using a trading strategy that cannot adapt to market changing conditions. Why do companies look for years of experience before hiring people? Don't you think we should not use the failures of others as a yard stick to measure our own success. It is because somebody has fail in a particular field of endeavor, it makes everybody going into that field a failure?

Below are few benefits of investing in successful currency traders.

1 Global Diversification: The performance of equity and fixed income investments in one country is often highly correlated with the performance of equity and fixed income investments in other countries. As a result, global portfolios composed solely of equity and fixed income investments lack full diversification, even if they are geographically dispersed. Investing in forex gives investors access to markets beyond equity and fixed income investments, providing more complete diversification and reduction in portfolio risk. The profitability of large investment bank like Morgan Stanley, J.P Morgan and Merrill Lynch often depend on foreign currency trading (forex). For example, when Goldman Sachs first became profitable far beyond analyst expectations after the financial bailout of 2008, they attributed their profitability to their Forex trading division. Do your research.

2 Reduce Portfolio Risk While Enhancing Returns: When combined with an investor's existing portfolio of equity and fixed income instruments, our currency trading investment program potentially reduces the volatility and risk of that portfolio with the goal of enhancing long term returns.

Visit the link below to see our 10 years experience in the online currency market at work

https://www.nairaland.com/3901897/currency-trading-journal-target-avg

jaychubi:
So all these cryto and bitcoin idiots are still here and not banned.

I will never do those nonsenses they shld quit already

sabanageorge:
Not if you bought it when it was only $300