ositadima1:





The insurance company is not father chrismas, they are there to make profit. Do you know what they do ?

They estimate the chances and rate of an accident occurring, they calculate expected loss PA for each customer category and bill you higher.

For example if ur expected loss per month is 5k they will bill you 6k. Effectively they are recovering what ever they paid you plus profit over time. In short, you pay more over a longer period.

If you can absorb shock it is always better not to insure.

By d way, if you keep having accidents they will revise ur premium upwards why is that?

But what if ur expected loss is 5k and u lose 10k?

Hello everyone,

Does anyone have any news on NTB? I recall someone posted here that his bank asked him to come back on Nov 4th for auction. Has anyone been to the bank or does anyone have the intention of visiting the bank?

Lets still consider other investment options sha

FGN Bonds
https://www.nairaland.com/3658395/fgn-savings-bond/7

Mutual Funds
https://www.nairaland.com/1912965/mutual-funds/196

Commercial Papers
https://www.nairaland.com/5010648/commercial-papers

Digital Agriculture
https://www.nairaland.com/5358517/digital-agriculture-investment-platforms-options

Stock market
https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick

U can as well decide to read the following books

The richest man in babylon

The intelligent investor

Rich dad poor dad

And others

God bless us as we start the new week

freeman67:



The words of our elders are truly the words of wisdom. A little research on Nairaland will reveal that the caveat inserted in post up and down is just a smoke screen..



Ordinarily in a discussion on a forum like this if someone is countered the evidence should be there for those reading after the discussion to learn from but I just discovered that he has other motives.

His own is just to woo investors with very high interest rate to part with their money irrespective of whether it is feasible or not. So where his argument is not convincing enough he will delete them inorder not to deter the intending investors.

You are the 4th person to call him out on this. I initially thought that he had some haters but when more than 3 people are saying the same thing (on different threads), then there is a truth to it.

worldclass68:




scam!!!! any third party nah scam oooo

Its not a scam.

Its called J-force

They are marketers who help people place orders online to reduce the stress for the individuals.

The marketers get comission from jumia on each order placed

BotherMleeper:


Sorry to ask but why should people order for goods through agents when they can order directly from Jumia?

It will help the sales consultant meet their target

prestige2013:
People help me ooooo, I tried to redeem fund on my stanbic MMF which is over a year and to my suprise I was charge penalty if am withdrawing all my fund, should it be so?

When last did u make a deposit in the account? I heard there are some MMF that charge a fee if u withdraw fund within 30 days of last deposit, even if your account is over 1 year old.

I dont know how true this is but I think this is what happened

DigitalMallam:

Perhaps it's time to look in the direction of Digital_Agric => Crowdyvest, Agrorite etc. But I still can't commit good money to these newbies.
Currently testing the waters with few millions

Few millions is good money sir

.

efismikoko:


If I get 11% for 364 I will be very happy I am expecting less

Na wa o. Anything below the current inflation rate (11.24) is not worth it to me

sabanageorge:
Can anybody tell me where else I can invest 10m? I have already invested too much in MMF and I'm fed up with it at this stage. I wanna try other stuff. Do you guys have any other ideas like MMF where one can make stable income of capital per month? Thanx

Trusted Agric platforms https://www.nairaland.com/5358517/digital-agriculture-investment-platforms-options

Systrom:


Can I put my GTBank account ?

Yes

c3000:
Does anyone here know if there is a section on this forum dealing with Commercial Papers? Drop me a link if you do pls

Of course https://www.nairaland.com/5010648/commercial-papers#81755749

Acidosis:


Banks (like GTB) are advertising and begging customers to take loans at ridiculous rates based on CBN directives. Now a larger part of this loan ends up in TBills. You see it makes no sense?

The essence of loans I believe is to encourage new startups and improve business processes. Sadly, many of these banks like GTBank give loans at 1.75% rate only to Salary earners (with salary account). Question is, how can a salary earner do business or encourage startup?

This directive seems like a 'cold war' between CBN and Banks, each trying to play smart.

By denying individuals opportunities to invest in TBills, salary earners will avoid loans, those taking the loans will divert to real businesses and startups (like franchise, agrictechs, fintechs, etc.), and banks will be forced to consider entrepreneurs without a salary account.

So those this mean that individuals cannot partake in TBills anymore? Cause I read somewhere that individuals who take loans cannot invest in TBills

dammybrite:

Can you recommend any?

https://www.nairaland.com/5358517/digital-agriculture-investment-platforms-options/3#83241497

U can try thrive agric

Obinnau:
nne eh. While I agree that this is a great way to secure the future with funds that you ain't having any designs on, I don't think this is for me. My 200k is my home and abroad and I need it to grow, say 20% per month. Sadly only few avenues are available for that kind of growth. 8 wonder how I will keep 200k and after 3 months I get 6k on it. I would rather leave it in the savings account where it was. Cost of stress to move funds to anew trading platform sef is equivalent to the 6k

U can try investing in agriculture. The rates are better. Some as high as 24% roi on 6 months investment

henryobinna:
Hi, I'm researching on what investment option to go in but I don't understand Treasury bill that's what am interested in due to the security surrounding it.

Please could you explain to me a little on it. I'm looking at going in with 500k, after how long can I get my money and charges and pretty much any little details I need to know.

Yesterday I contacted an investment company, I didn't really like all they said. thanks in advance

there is a lot to learn about Tbills. Try reading the last 30 pages it should help

SteveOfu:
So, say am investing 100k
Commission: 0.125%=12,500

Custody Fee: 0.10% per transaction (per investment)=10,000

Transaction Fee: N100.00 per transaction (per investment)=100

VAT= 630
Total=N23,230
What do I stand to gain then?

Let me help you.

you see that 0.10%?

you have to remove the percentage by dividing 0.10/100 this will give you 0.001.

So to get the custody fee, multiply 0.001 by 100,000 to give you 100

Therefore, the the custody fee is 100 naira.

I hope this makes sense

You can try this calculation for the others.

olujaidi:


How about reaching out to their customer service?

I reached out to them yesterday and they said t will be credited to my account but I have not seen anything yet

emmasoft:

No

Thank you

Hello guys,

Does anyone here use United Capital MMF?

I started funding my mmf account in Aug 2019 and this is the first week in October where I think I should receive my interest but I have not seen anything.

Should I be worried?

DigitalMallam:
I'm hoping 02/10/2019 Tbill rate climbed to 14% amidst speculation of Naira devaluation. 2019 rates at a glance.

I am hoping for better rates in Dec/Jan for 362 days.

Fingers crossed

Jesusbabygirl:
Yes, I was refering to N390K for a year...read again. Thanks.

Oh I understand now