₦airaland Forum

Now that we know sukuk bond was heavily oversubscribed, I will advice investors look the way of VGIF. As you get your excess cash or return money, channel it to VGIF it's still reasonable at this time with Gurranteed rate of 8.5% and extra 35% of funds gains, it will be a good investment choice.
Call 08181057319 or click link on my signature to open account.

vacanci:
How soon after the announcement of allocation will one expect to receive a refund if not successful or excess over the subscription. Like now, the sukuk result has been announced today that it was over subscribed. When should the refund be expected.

Primary offers has a timetable they follow from subscription to listing. Each process will always be announced just as they announced the allotment. You can always check https://www.dmo.gov.ng/ for news concerning any form of bonds/government securities. Listen to economic news and stay tuned here.

OLESCO:
pls can someone help me out with the best TB platform to invest .... if possible with link.
A friend was telling me now isn't the best time to invest in TB and I asked why she didnt give any tangible reason. pls how true is this because this is my first time

From your question it's very obvious you are new when it comes to Tbills. The first form of investment I will advice you to do is to invest some time to read about Tbills and mutual funds on earlier pages of this thread and mutual funds thread respectively. Don't rush. Then ask questions I'm sure in few days you will make an informed and intelligent decision

kintus:
Please mention the "elsewhere".

Elsewhere could be VGIF, Bonds or Shares of good dividend paying companies.

DUNKA:
Does one know of any fixed deposit product that you can be topping up and redeem without terminating the fixed deposit?

VGIF managed by investment one will do just that. You can also read my earlier post on VGIF. Check my signature for contact and and more details.

For all sukuk bond subscribers, just wait patiently don’t be anxious. Everyone who subscribed will be given what is due him/her after the issuer decides base on the available funds realized. Allotment will be basically dependent on the rate at which it was oversubscribed. Without any doubt it will be heavily oversubscribed.
Also note that once the allotment is done and you have excess funds, it will be returned to the bank account you supplied on the form. It has nothing to do with the agent you submitted your form through.

oneroflo57:
@emmasoft and others,
While researching on the VGIF i came across Ziing also by investment one.
Does anybody know about it or has experience with it?

Ziing is an app also powered by investment one. Ziing help you to do target savings as well.
You can click the link on my signature to register for VGIF and https://api.ziingit.com/online/register/7914305175
to register ziing

michaelogunleye:
Why doesn't this dip in rates affect VGIF

VGIF is a mutual fund in the fixed income category. It's different from the mmf because the underlying assets ie the assets unit holder's fund is invested in differs. Interest rate for mmf is daily valued while that of VGIF is bench marked. You can read more about VGIF on my earlier posts on this thread, Tbills thread or check my signature for contact.

Blossomboard:
Please who can explain the reason for the drastic drop in interest on stanbic mutual funds? Case in point, I used to get at least 1k everyday on 1.8m but now I barely get 400naira in interest everyday.

Drastic fall in rates of Tbills irrespective of tenors

Franky826:
Your advice is always on point. I remember last year November when I painstakingly followed your advice on the mutual funds thread and ended up investing in it. A decision I've never regretted. You led me by hand and patiently answered all the questions and objections I had on mutual funds even without ever meeting you. Oga emmasoft God bless you ooo

Amen. God bless you too @Franky826. Thanks for the kind words.

Read about THE 4D’s YOU NEED TO ENABLE YOU INVEST

from this link: https://www.nairaland.com/878880/treasury-bills-nigeria/1295

THE 4D’s YOU NEED TO ENABLE YOU INVEST

Investment don't depend or start with the quantity of fund or income available rather it starts with this 4 D’s:

1. Desire. Having strong desire to have legitimate wealth and sources of passive income will normally starts the journey of investment not amount you earn.

2. Decision. A strong desire is not enough. One must make a clear-cut decision to invest. Whatever decision you make will direct what you give priority to when it comes to spending or saving. There is always opportunity cost of every decision or choice you make.

3. Due diligence. This itself is a form of investment. You must invest your time to know and take calculated risk. You take time out to look at options available and the viability, authentication of claims etc of any opportunity presented to you.

4.Determination. The popular saying:” Where there is a will there is a way” comes to play. You've got the first three D's, that is not enough you must determine to act. At this stage you must close your ears and eyes to distractions no matter where and who the distraction is coming from. N.B: some of these distractions can be your own gratification. You must be determined to delay it if you must invest.

With the desire, decisions, due diligence and determination I can assure you no matter the quantity or amount of cash available to you or your income presently, it will be very easy to invest. You will not have any excuse or see any impossibility or inconveniences to stop you from investing.
One thing with investment is that, once you start you always have reason to continue, on the other hand if you don't start investing you will always have reason not to start.
So, folks don't let your income status stop you from investing and creating wealth. Please invest all the same and stop looking at your income.

Example: If one saves N100 every day from January 1st of a year, it amounts to N36, 500 at the end of December and if repeated, at the end of the second year, it becomes N73,000. If the money is invested let’s say in VGIF for 10 years without top up to the principal, you will have
Principal: 73,000
Total Interest: 94,857.47
Investment Balance: 167,857.47

Just imagine ordinary N100 which is insignificant, less than what you give as a tip to salesgirl, no material effect or strain on your finances and yet see what it gives after some years. Now let’s double it or triple it or at most let it be N500 savings daily. You do the calculation yourself. You will be amazed.
There is no excuse for anyone not investing it’s a matter of choice!!

Check my signature for contact and details.

INVESTMENT

I-investigating and consideration of opportunities (Due diligence)
N-negotiating for the best returns on each move.
V-validating of available data to ascertain its accuracy for right and appropriate decision
E-evaluating options for maximum gain
S-seeking for help where necessary to avoid wrong decision or conclusion
T-transforming cash into asset that produces more assets
M-management of available resources opportunities and capacity for more gains
E-enlarging your circles of the right people (networking)
N-navigating and testing all available money growing options
T-terminating immediately any venture that causes continual losses.

INVESTMENT

I-investigating and consideration of opportunities (Due diligence)
N-negotiating for the best returns on each move.
V-validating of available data to ascertain its accuracy for right and appropriate decision
E-evaluating options for maximum gain
S-seeking for help where necessary to avoid wrong decision or conclusion
T-transforming cash into asset that produces more assets
M-management of available resources opportunities and capacity for more gains
E-enlarging your circles of the right people (networking)
N-navigating and testing all available money growing options
T-terminating immediately any venture that causes continual losses.

INVESTMENT

I-investigating and consideration of opportunities (Due diligence)
N-negotiating for the best returns on each move.
V-validating of available data to ascertain its accuracy for right and appropriate decision
E-evaluating options for maximum gain
S-seeking for help where necessary to avoid wrong decision or conclusion
T-transforming cash into asset that produces more assets
M-management of available resources opportunities and capacity for more gains
E-enlarging your circles of the right people (networking)
N-navigating and testing all available money growing options
T-terminating immediately any venture that causes continual losses.

ositadima1:
Pls, can I still get this bond tomorrow that is d closing date? Any ideas?

\

yes.

ShopMalu:
Are you saying MMF will give me 5% of 300,000 for 30days?

No. The rate is per annum. Pls note all quoted rates in such regulated Investments like Tbills, mutual funds, etc are always quoted per annum.

ShopMalu:
Please i have 300k i wouldn't be using anytime soon(say 90days)
Which investment plan should i go for and how much interest can i get for the 90days with less risk?

Mutual fund is your best bet. U can either do MMF or VGIF with investment one.
MMF is about 5% since minimum holding period is 30 days, no penalties when making your withdrawal in 90 days period.
VGIF is 8.5%. However, you will be charged 10% of the accrued interest because minimum holding period is 6 months. Check my signature for contact.

XiaoLi:
Her tenancy expires today,infact she is coming up with another request this evening that we should give her one extra month to move out making it 3months in total since she will write an undertaken. The agent managing the house also said that citizen's mediation center will still ask us to grant her request if she wants to stay 3 months,so he advised we ask her to write an undertaken and grant her 3months request to avoid troubles.

@XiaoLi I will advice since it's clear she is ready for trouble, see her case as one of those bad business that occurs once in a while in our attempt to make profit. Let the undertaking be well written and flawless just let her have the 3 months rent. You are big already her three months rent cannot reduce your status. See the positive side of this ugly senerio. Now you can handle tenants better after her case. Her three months rent as the fee for the training

mayDtolu:
Hello house! I just heard about treasury bill investment but I have some questions bothering me...

(1) Is 2M a good amout to start with? Because I would like to invest for just a year...

(2)How much interest should I expect on 2M?

I need advice on what to invest in that will yield higher interest in a year apart from fixed deposit..

Thanks!

Hmm it seems you heard about Tbills late. But never mind it's good you even heard about it. All hope is not lost. Chines proverb: "the best time to plant a tree was 20 years ago the next best time is now.
Currently Tbills of one year tenor is around 4%, MMFs is between 4.5 and 6% depending on the fund manager, VGIF another form of mutual fund is 8.5%. You can get these options from Investment One (Former GTBank Asset management). Check my signature for my contact and link to open account or get more details.

Godbpraised:
Why do u like advising people on mutual funds? Do u understand if they have the knowledge. The knowledge of the investor is key, and not the investment.
Oga calm down mutual funds abeg . Seek first to understand than to be understood.

@Godbpraised as you rightly said it's advice. I'm not saying he must or anybody must do mutual fund I only responded base on his enquiry since mutual fund is a form of investment and all prospect investors have right to decide wherever they wish to commit their funds after their due diligence.

XiaoLi:
Guys please i need your advise, i have this troublesome tenant that her rent will expire tomorrow, she is asking to give her 2months to move out, the agent managing the house advised we grant her request since issuing her a quick notice will not favour us,do you think i should grant this request or find other means to throw her out?
Location of the house is Lagos.
cc: everybody

Tell her to put the request on paper if she has not done that. You should grant her request also by writing.

wildchild1:
Hello guys, I need your help, I have about 500k - 1M that I want to invest for 12 months straight, what's the highest ROI I can get and is Tbills the best investment for this money?

Thank you.

I will advice you start with mutual funds if you are risk averse. Specifically you can do VGIF managed by investment one. Currently it's 8.5%. To open account online click on the link on my signature, my contact is also there. You can also read some more options on this thread.

opomulero:
Please, what investment can someone start with ₦500k that will be ok

I will advice you start with mutual funds if you are risk averse. Specifically you can do VGIF managed by investment one. Currently it's 8.5%. To open account online click on the link on my signature, my contact is also there.
However, if you can take risk stocks are also good but look out when Q2 results start coming out to know the direction stocks are headed.

Nero4306:
Good afternoon everyone. I made enquire via email about the ongoing sukuk bond and this is reply i got.

Dear sir,

Thank you for your interest in the 3rd FGN Sukuk.

The Sukuk offers you the opportunity to earn competitive returns of 11.20% per annum with rentals paid twice a year for 7 years.

To invest simply click on the link below to fill out the subscription form and make payments.

https:///3ddBp4L

You can also make payment to the account below and forward the evidence of payment to us for processing:

Bank : Zenith Bank Plc
Account Name: FGN Roads Sukuk Issue Proceeds Account 3
Account Number: 1017166578

Please let me know if you require further clarification via 08061545339 or 08077099558


But my fear is how true and confirm all this phone numbers and account number because i hail niaja boys � � �...

My bros what were you expecting when you make Enquiries? In investment, there is a little bit of courage added to due diligence to make informed decisions. Zenith bank is an institution that is verifiable. Walk in and check up. On the sukuk form you can see banks listed. Use anyone. True there are bad guys but it's a global thing. Nigeria is not an exception. To allay your fears read some recent past pages on this thread there are enough guidance. The primary auction for this sukuk is time bound if you are interested don't waste time. By Tuesday it's all over. All the best

odimbannamdi:
Honestly sir, this your comment is very deep and strikes a very sensitive cord in me. I admit that my earlier comment about disintegration is ill-informed, as a matter of fact, there is barely any excuse not to invest.

I will share my personal experience.

When i began working, i reached out to Adron Homes about one of their land packages in Shimawa. We agreed for a half-plot in one of their estates at circa 900k. Payment plan was spread across 4 years and was quite convenient for me at the time. We even went to inspect the place and i was supposed to begin payments the following month.

The following month, Army invited me for screening, and it became an excuse for me to terminate the land payment plan, thinking i would be unable to make the payments from training if i was successful. The Army thing didnt even work out so i focused on travelling out - another excuse. The Adron marketer got tired of contacting me and that was how the plan died.

August this year will make it exactly 4 years, and we still dey Naja. I would have completed the payment if i went with the plan then. Someone made mention of a plot of land in Shimawa selling for 6m per plot. When i saw the post, i began to have one kind headache.

Investments mean different things for different people, but they all have a similar undertone - long term. And there is no excuse for not starting because the long term will eventually come some day.

Lessons learnt

This remind me of a popular slogan by one of the real estate companies "Don't wait to buy land, buy land and wait" This can also mean - Don't wait to invest rather invest and wait"

9jatriot:
Bros, read my post again. I said you don't bad mouth which is a good thing

O sorry my oga. no vex. Na sleep of brain . I read the post upside down

9jatriot:
You have been a good guy thus far, I expect that your commission are rolling in also as you have been a good brand ambassador for the company you work with.

You also do not bad mouth other companies, which IMO is the right thing to do. You also never can tell which of these other firms can headhunt you.
You never know.

@9jatriot I never bad mouth any company here. I am making clarification generally on market operators that no one should be skeptical subscribing through them as far they are licensed to do so. That is summary of my post.

Risingcash94:
Good day friends and gratitude to the great contributors this thread. I applied for a cscs no. yesterday in order to proceed with the ongoing SUKUK bond. Sir Unite4real suggested a simplified process which I was going to follow. However the broker guy at the Afrinvest firm that's processing my cscs no. insists I have to subscribe to the bond by paying into their account. Stating that I can't get a cscs no through them and proceed to go pay directly to the SUKUK account. He insists they're the middle men so that if something goes wrong I can trace it through them. He even said that the account no I want to pay directly to might be fake. He has sent me account numbers to pay into. What could possibly go wrong if I proceed with paying directly into the SUKUK account and sending proof of payment to SUKUK email address as unite4real suggested. If I subscribe through them will they get a commission from me? Pls anyone with idea should help.

@Risingcash94 and everyone please note for this sukuk bond, all financial institutions listed and all SEC licensed market operators are agents to collect the money for the federal government at this moment, paying through any operator or institution is not a problem no one will collect commission from you. FG the issuer has taken care of all those, hence you have one week between closing date and settlement date for all agents to reconcile accounts . As it stands now even if you submit to another institution or bank your holdings will be access officially through the broker that open your CSCS and also incase you decide not to hold to maturity they will be the one to do the selling. We should not be skeptical about any agent. Once you check they are licensed by SEC go ahead deposit to account given to you, non will run away with your money just for this transaction. Of course you wouldn't know the regorous process to qualify to do this job for the federal government. I can tell you sincerely you don't have any reason to doubt. Without being biased I can tell you that there are some level of cover you enjoy if you go through a stockbroking house. By now you should know I don't work in Afrivest. I make this clarifications on General ground. I'm with investment one. Same terms conditions apply to all.

XiaoLi:
I'd rather convert my idle cash to $ and earn 5% annually instead of doing bond of 10 years and getting 15% coupon annually!

Higher risk follow by higher returns. Every investor is adviced to stick to his/her risk tolerance level at any point in time to avoid the stories that touches the heart.

michealekene:
Hello Emmasoft, I'm done filling the online form with investment one. I selected "stockbroking" cos I intend getting the CSCS account number. How long do I wait before the account is opened and the cscs account number communicated?

48hrs max