₦airaland Forum

Omonigeriarere:
Parthian Partners should hire me as digital marketer, even if it is on part-time basis. Even there MD cannot boast of being knowledgeable than me about the platform.

I use to think am the one that understands I-invest so we'll, don't know I have compatriots. There are also other asset management companies coming up with their apps. I also used the Afrinvestor app and it's superb as well. Unlike I-invest, they give one option of either to collect ur interest upfront or reinvest it.

lilee2hot:
Treasury Bills in a layman's term is a risk free investment which involves you giving your money to the government. It is one of the safest investments to do & yours truly have been involved in it since my banking days. Most banks will not tell you about Treasury Bill's because once you apply for treasury bills the money leaves the bank's balance sheet totally. So they will ask you to do Fix deposit, then they will use your money for treasury bills & give you a lower rate. For example if treasury Bills is 10%. They will do Treasury Bills at 10% & give you 3% in fix deposit & take 7%. Stay Woke!!! Then if your money is in current account, lobatan!!! You get nothing. Savings account can get like 1-2%. If you are like me that is always looking for multiple sources of income then this lecture is for you. @i.investng app powered by sterling bank has made things easy for prospective treasury bill investors. Download the app & do the following
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1. Register
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2. Check your email for code & input
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3. Login
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4. Then click on start investing
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5. Click on Treasury Bills
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6. Then you will see the different tenures available. Pick the number of days that suits you & interest rate you like. Incase you have future use for the money.
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7. Input the amount you want to invest (minimum is #100,000)
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8. Click to view your return on investment (If you think the amount is small then trying leaving your money in the bank). They will help you chop that small amount for you.
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9 You can see your maturity date etc
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10. You need to fund the app. Click to fund the app
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11. You can fund your I-invest app via internet bank
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12. Make sure you update your KYC (Know your customer). You need a passport photograph, evidence of address (Utility bill) & an Identity card.
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13. You can terminate your investment at anytime & take your money bank.
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14. Remember your interest is paid upfront so make sure you update your documents so you can withdraw easily.
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This is a simplified form of banking done by oneself in the comfort of one's home. Ask your questions in the comment section and I will respond or send a DM to @i.investng on Instagram for further clarification. Thank you!!!

But, on the contrary, interest is not being paid upfront on the app?

ahiboilandgas:
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

Won't it be worth waiting till maturity instead of selling now?

I just wonder why people will not just leave i-invest alone even if you are not in terms with what they do. During the days of MMM I simply ignore any preaching about it and move on with my life. How on earth will people liken I-invest or Parthian partners with something like MMM, so disgusting. People that do not like the idea of using mobile app to do anything investment should just ignore any post like that. People are still far from technological realities. Apart from I-invest, there re other investment companies coming up with their app too. Talk of Tradefi, Afrinvestor, even those mutual funds that people do through mobile app. All those organizations have developed apps over time and some are still yet without any apps. It doesn't make those with apps looks fraudulent in anyway. I know as long as people criticize I invesg, there will still be people defending it, why, because we are different being with different emotions and capabilities. Am just tired of this back and forth. For the fact that Somebody has a sad experience funding his/her wallet or other issues doesn't mean they intentionally wanted to sit on the money. It might just be network issues or human error or Nigerian factor. I have had to fight with them on Cowrywise before because they didn't make my money available after maturity, but much later I was made known that I chose the wrong path or wrong savings plan. I didn't just go about criticizing them. It's an effort the company put in place. Think about people's emotions before coming here to criticize I invest. Depsite several bad comments here about the appI still find them interesting and still use them.

Ibrahim505:
I just aborted 90% of my investment at iinvest app. I opt to recalled my cash following the epilepsy of the internet at large.
The widrawal process remain as fast as it was as my bank account was credited instantly.
Kudos to the team for simplifying Treasury bills in Nigeria!

I felt like I shud have waited till today before I placed my last tbills on the app. That was like a month now. They have very nice rates currently.

Barrytone:
If I invest 50m, how much precisely will i receive per quarter. Thanks

@Barrytone, according to my own understanding, if the rate is slated for 12 e.g., your 50m should be giving you 1.5m every three months for the 2 or 3 year issue. That's 6m every year divided into 4. I want contrary opiinion to this as well.

IHelp:
I have been following this thread for years now. At least I read up to 95% of the posts.
Yes I followed the discussion then. After that I decided to test the app with their minimum. I found out that most of the people who talked about it then have not used the app or made proper enquiry. They were just making assumptions.

I wonder why there is so much hatred and caution for the I invest app.. It shouldnt be. The developers don't force it on anyone. People that re using it are getting their answers they sort. People need to wake up! Apart from I invest from sterling bank/Parthian partners, there are new organizations following the thrend, I invest just being the first of them. Their is also the Tradefi app from commercio partners and other ones. There are so many other investment app not just for Tbills, most for fixed deposits, mutual funds bonds and treasury bills. If anyone is not comfortable with any app they should just look over it and look for other options. You guys are just toiling with some peoples emotions especially that money is involved. Check thru sterling bank website, its well stated and mentioned.

ezinwaJesu:
Who conceived this I-invest and what makes him think I will leave my interest payable upfront for them to trade with. Imagine if I invest 10m at 10%, and someone keeps my 1m interest to himself all in the name mobile transaction.

They need to come up with something better

On the contrary, if you check very well, and do the calculations, they actually pay the true yield as in reinvest the interest already and make is same duration.

RealityShot:
please move that fund to Tbills now.

The true yield of Tbills is higher.

You will effectively invest N2728000 to get N3100000 at the end of the year. That is 13.6% True Yield.

Plus you can also put that N372000 upfront interest in Tbills and earn about N45000
Which you can then put in your MMF.

MMFs make money by keeping your upfront interest and investing it for their own gain. LOL...

they are not bad.. It's just their compensation for letting you have access to your funds any time.

Thank you

Desanta:
Your TB of 12,5% gives a true yield of about 14.3%.
I think you should move your money to TB and leave your emergency fund with MMF.

But pls I don't understand the term true yield yet, do you mean after reinvesting the interest and compounding?

RealityShot:
https://www.nairaland.com/1912965/mutual-funds/

All answers are there...

If you have up to 100k, start treasury bills.
Then invest interest in MMF.
And when interest and further savings reach 100k, put it in Tbills again.

----------
Someone asked for the best tenure for Tbills.

If you have less than 1 million, you should use 6months or 3months,
So You can be adding previous interest plus new savings and grow you capital.

If you have more than 1 million.. Just rollover with interest yearly ... Till you tire... Lol


...............

Someone said he earns about 1 million yearly (100k/mo)
And haven't saved 100k... Very true!

I fell from that horse and landed BROKE to no job and no money, no wife, house, car or Investment.

I lost the last 50k in the MMM SAGA. (funny, it was gotten by selling off my laptop!)

... WELL I moved into a room, took a job of 25k in 2016.
Luckily, I came back to nairaland to seek for SAFE investments
And I discovered this thread again.

I did not have a dime after paying my rent then...
But I decided to start saving 15k from June 2017...

Opened an MMF account and grew my funds..
Now I am almost at 500k.

I never saved that much at my BIG JOB at any point.


I give God all the glory for his blessing to persevere and for keeping EMERGENCY spending out of my life since then!


YOU CAN SAVE 60% TOO...


Japan became great when youths started saving massively!
The video is on YouTube.. By visualpolitik

GOOD LUCK TO YOU


P. S: ahiboilandgas... Warn them in advance very well O!
Before they will come back here to spoil your name
because they could not survive the risk of those businesses.

Your shock absorber must be very very STRONG!

The analysis is on point. But pls need ur advice here. I used to have 2 different tbills running around Dec last year. One is 5.1m and the other was 1.2m. When the rates was dropping then I thought I needed to diversify my investment so moved the one of 1.2m to mmf and the other one was put into another bills at 14% then and will mature in Dec. The one in mmf is with united capital mmf. By Gods grace I have bn able to add (top up) more funds to it since January and its now 3.1m still in the mmf. On the average the daily interest since past 2 to 3 months have bn 13% which is higher than the current annual rate for tbills (12.5).
So based on your advice, is it wise to book 3m tbills now and use the upfront to continue the mmf considering the current rates mentioned or just leave the funds like that in the mmf.
Pls everyone's advice is appreciated.

Barrytone:
I am targeting 5m per month before retiring, let the doubters keep doubting instead of drawing a plan. its never too late to draft a plan. I started September 2017 and targeted 27m for 1st year but realized 32m and 48m by 2nd year but as at feb, 2019 I was at 44m with compulsory income of 9m by sept. 2019 hence my suspension from investment to acquire a good car for my wife that has been patient enough. SET A MEETABLE TARGET TODAY. The fun is in old age, don't miss out because of poverty.

@Barrytone my man, its bn long I saw ur post last, hope u re cool. Hope u didn't relaxed on ur target sha. I tot u were focussed on 10m monthly b4. All the best my guy. God help us.

234ng44uk:
That's rather low. Axamansard is 12.66. FBN is 13.14

Very low, United capital for the past one month to two has been btw 13.1 and 13.2.

emmasoft:
Please read his note well. He said 3 months ie a quarter. Don't forget MMF always pay per quarter even if interest is earned daily and you also know all rates quoted are always annual not daily or monthly. Thank you.

OK my apologies, I didn't see '3 months' before.

RealityShot:
I just realized that and I will effect it ASAP.

For now am holding all small funds in a money market fund.
Will add them to the next expired bill and make it shorter...

Short term is better for those building their capital.

I think that's a gud step you have taken. I also moved part of my tbills to mmf now leaving the big money to tbill anyway since I was able to lock down at 14% then. On the short run I go with mmf for now since some mmf rates are even better than tbills now 13% on the average and one can also add more capital to existing funds

234ng44uk:
The mmfs are so dodgy I'm seriously considering moving all my funds from there. They state an interest on their website then pay lower, they skip payments for weekends and some days. Just waiting for tbills to pick up again.

Monitoring my mmf closely now, sometimes I notice they skip payments even on weekdays if you don't take note. At times they pay in the morning sometimes in the night, sometimes late in the night, you will even get confused which day the payment is for? Just that some are still doing better now in terms of rates than tbills. I still have one that post 13.2 percent as at today.

Ibrahim505:
It is safe. I completely relocated to the app.

@Ibrahim505, did u mean u moved all your tbills to them now? Am thinking of doing same thing again. I initially moved some of my tbills to Mmf and downloaded the apps for the different mutual funds too. But of recent I don't seem to understand how these mutual funds post their daily interest unlike the I invest app that post every 12am.

234ng44uk:
I'm with ARM, Axamansard and United Capital. Non of them have posted anything for at least 4 days now. I selected re-invest option.

But, I am also on Axa mansard and United capital, and they have bn posting on my acct. Initially they didn't post for like 2 days and I tried to chat them up both of them, united capital called me back to explain that they have bn doing the quarterly stuffs. Next day they sent a mail to explain everything and also reminded of the option to reinvest or pay quarterly interests as dividend. For Friday, Saturday and Sunday interests I got all on Sunday
afternoon. That's why I like them though. Am still expecting today's interest this night.
Got this from them:

Pls house, I want to redeem my investment with Investment one? Pls whoever has done so should guide me through about the procedure.

yemkaf:
What of united capital do they also pay the actual promised rate, because am just planing to open account with them

As of today, with my calculation, United capital pd 751naira on 2m. That's like 13.68 if I get the calculation right.
I love United capital with the way they make it so easy to fund account to top up and thereafter place subscription. They send email notification every time. But recently like a week now its like they are doing one abracadabra with their daily interest payment. They don't stick to a specific time of the day when they credit their payment. Ystday they might do it in the morning as early as 7:30am, today they do it around 12pm, and another day they might not do it until 8pm. Sometimes they even do it in the night 12 or 1 am. So if one is not careful there might be days they might skip unnoticed.

kendsage:
I clear observation of MMF rates of Stabic, Investment one, ARM and Axa shows that FBN had higher rates this quarter (from January to March 2019) averaging above 14%. I have not really monitored United capital but will do so this 2nd quarter.

So pls guys what happens now that we just finish a quarter, is it time for the investment house add the previously earned interest to the capital and reinvest or wot time exactly will they do that?

Desanta:
You are a strong man ooh to be able to manage all these accounts. I find it difficult to check my single account every other day.

My brother I created time oo as I do all my investment now consciously and carefully, I have investment goals and target to grow my capital by Dec 31st. Then by next year I will decide another target for next year. I log in into these mobile apps frequently to check what's happening. Pls don't blame me jare.

234ng44uk:
What is your average daily yield on these accounts for the month of March?

Ok I only spread about 2.5m across the three funds, 1.8m on united capital, Axa 250k and Investment one 200k plus too. I have my reasons for putting much in United capital.
I decided to move around 2.5m from my matured tbill to Mmf so as to diversify a bit.
On the question, united capital use to post average between 730 and 750naira daily. Axa between 80 and 100naira daily, same with investment one.

I opened 3 mmf accounts recently; United capital, Axa mansard and Investment one. To me United capital is the best so far of the three, followed closely by Axa mansard. Im still thinking seriously about Investment one. I so much love United capital though, their customer service, ease of funding account and daily interest. I also plan to open with FBN and Stanbic soon

But in a way if come to think of it, if I invest were to be fake in this your case @Barrytone, with the CBN involvement don't you think they would have run away? In a way if the word CBN makes them adjust their level and did the right thing to me they fear CBN and are legit. A ponzi scheme promoter would not stand all those rigours

Barrytone:
If I have unsolicited funds in my account am expected to report to the bank. If my instructions were not clear then they would have revert to sender account. What happens when you have my money and I come and ask yet you boldly send me to a wild goose chase in another territory making me accuse FBN of defrauding me when actually you have my funds. What would have happened if it were 10k that I can comfortably forgo. How long did they expect the money to hang with them before returning it. Inshort, why did they apologized and why didn't they allow the cbn altimatum to pass. Civic responsibility is expected of cooperate organisation most. Like I said, might be a one off situation in a growing enterprise but I work too hard for. My money. I don't gamble.

GonFreecss1:
Some people here discouraged others from using mobile apps. Lol! Maybe that is why...

Yes o! People here really criticized the I invest app to a point in time that I was so scared I av lost my investment using the app. People need to change that orientation, so many way of doing things have changed. Several investment or asset management companies give their customers online access to subscribe and monitor their investments, be it mutual funds or tbills. It just make things easier and of a note is that they also responds to issues faster both online and on the apps.

Pascopele:
what the bolded all abbout?

By Mmfs I mean Money market funds (mutual funds)

Bluecollarguy:
I willingly traded in the last two auctions, but they were unsuccessful. As the next auction surfaces, it's hard for one to truly ascertain its outcome relative to the last two outcomes. I am willing to try again next week, but 3 failed Tbill transactions would be quite discouraging. Fingers crossed...

But why don't you consider the secondary market bros? Ever since I learnt about tbills last year, I never keep any amount more than 100k in my savings account for max 3days. The money will just be lazy in there. For me now I run both tbills and mmfs. I cant just leave money idle again. Try Secondary market, calculate what you will gain in 7days in sec market can make up for any difference BTW pry and sec mkts rates. My opinion sha.

Ibrahim505:
They have the higher rate compared with the banks today. I'm using it for Tbills and i always acknowledges their credible services.

I confirm from them, the I invest app parades the same rate with sterling bank all day since the tbill is made available by sterling and the parthian partners provides the technology.

Barrytone:
It's unfortunate that you mentioned me, am a Nigerian and living in Nigeria, only visited UK in 2016 and regretted the adventure so I know nothing about dollars am comfortable with naira. You only bother if you live a cross boarder life. With no plans of living Naija, I have a billion naira projection by 2030. Then I will retire to enjoy my 120m annually, 10m monthly. So you can keep calculating your dollars. As at this morning, a dollar is 360 so all calculations failed and might continue to fail.

Can you share why you regretted ur adventure to UK pls? If I can learn from it. Not wise for investing?

Yem0350:
Pls create a new thread for your business or investment. This place is strictly for TBills

I tire ooo