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Ernie4life's Posts

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Investment / Re: FGN Savings Bond by ernie4life(m): 6:21am On Sep 20
This sends the wrong signal
Investment / Re: Commercial Papers by ernie4life(m): 2:06pm On Sep 13
freeman67:
Okay, here is a new one.


This is usually net of withholding tax but please confirm from your financial adviser
Investment / Re: What's The Advantages Of Buying Shares by ernie4life(m): 7:16am On Aug 22
HRHQueenPhil:
WHO WANTS TO BUY ACCESS BANK SHARES
COST TEN MILLION NAIRA. CALL ME ON 08169827645. TOMOROW IS D LAST DAY kiss kiss kiss kiss kiss kiss kiss kiss

You will meet your target
Investment / Re: Domestic FGN US Dollar Bond by ernie4life(m): 5:20am On Aug 22
Allboiz:
I have some change in unitedcapital eurobond at 5.34%. Is there any chance of the rate increasing with this new FGB bond? Or should I just pull my funds and put in FGN?

If the fund invest in this bond, there is a chance that the return will improve though I don't think it will get to this coupon rate.
Investment / Re: Domestic FGN US Dollar Bond by ernie4life(m): 8:01pm On Aug 21
wuwu2:
Does anyone know how to pay for the bonds? No payment details are provided, and can't find any on DMO website either...
you can pay thorough any of the approved organisation just like savings bonds

1 Like

Investment / Re: Domestic FGN US Dollar Bond by ernie4life(m): 3:48pm On Aug 20
dammybrite:


How will the payment be made if no cash is allowed? Are there no more transfer restrictions on Domiciliary accounts?

Also, are there investment houses that pool resources towards the bond that have lower thresholds (like 1000 dollars)?

Am not aware of any restrictions in dollar transfers at least I have been doing transfers to my investments same as other people.

Not sure any Asset Manager can pull funds together for this, best they will do is invest a portfolio into this.

1 Like

Investment / Re: Domestic FGN US Dollar Bond by ernie4life(m): 9:26am On Aug 20
sanerugwei:
Is this a good investment? Considering that SUKUK and other FGN bonds are dropping in values when you want to resell in between the tenor? shocked shocked shocked shocked shocked

9.75% in dollars is not bad

1 Like

Investment / Domestic FGN US Dollar Bond by ernie4life(m): 7:26am On Aug 20
Key Features.

Coupon/interest: 9.75% per annum.

Minimum Investment Amount: $10,000.00 and additional Investment in multiples of $1,000.

Frequency of Coupon/ interest payment: Semi annual ( twice a year)

Tenor: 5 years.

Can I pay dollar cash for this? : NO

Can I pay naira and they convert to subscribe for this? : NO

Can diaspora client subscribe for this: Big yes

Investment / Re: Mutual Funds by ernie4life(m): 7:10pm On Aug 04
Fun fact.

Do you know that dollar mutual funds has the highest Net Asset Value (NAV) at 46.68%, followed by Money Market Funds with 34.93%.

It's funny when you consider the fact that our local currency is Naira.

I will like to hear your thoughts on what could be responsible for this.

Investment / Re: Mutual Funds by ernie4life(m): 7:02pm On Aug 04
toyeoye:


Tell us!!!


1) He is on the wrong thread.

2) The selling point for insurance is different from that of mutual funds so when you put up an insurance product on a mutual fund thread you are most likely demarketing your product because the mutual fund will seam better.
Investment / Re: Mutual Funds by ernie4life(m): 6:24pm On Aug 03
austine4real:
Good day all

I have protection and investment for you all from heirs global insurance company.

HEIRS TRIPLE PAY IS THE NAME


You get 7.25 interest rate every month and 0.25% at the end of the year.

This is like normal Ajo or osusu with stipulated time let say target savings

Below are the pictures

Should we tell him?

3 Likes

Investment / Re: Commercial Papers by ernie4life(m): 1:23pm On Jul 28
abraolas1:


Minimum of 5M embarassed is there any app that allow to invest below that amount

Not sure there is any

1 Like

Investment / Re: Commercial Papers by ernie4life(m): 4:01pm On Jul 25
Dangote is in the market and the return is quite impressive

1 Like

Investment / Re: Commercial Papers by ernie4life(m): 12:42pm On Jul 23
CP OFFER

1 Like

Investment / Re: Mutual Funds by ernie4life(m): 9:33am On Jun 24
olig:
Here is the recent GT Fund performance.

Why can't I find any information on GT Fund Managers on this thread? Does anyone else have experience with them?

Their customer services is one of the worst right now.
Family / Re: House Clearance Sales.. Come In Here!!!! by ernie4life(m): 3:08pm On Jun 16
Omoapena:


Can you waybill to Lagos while we use an escrow on Nairaland here, after confirmation of item in good condition, wese(escrow) will disturb the fund to you...

how many years after grin grin grin grin grin grin grin grin grin
Investment / Re: Mutual Funds by ernie4life(m): 7:35am On May 25
emmasoft:
Some Unique Features of Norrenberger Dollar Fund (NDF)

1. Accepts Naira Deposit
2. Accepts Cash Deposits in Dollars.
3. Quarterly dividend payment with the option of reinvestment.

Chat with me when you are ready to start.

This is nice
Investment / Re: Commercial Papers by ernie4life(m): 8:03am On May 17
Another week another offer.

1 Like

Investment / Re: Commercial Papers by ernie4life(m): 12:19pm On May 15
Now Open and its net.

Good investment.

Do your due diligence!

1 Like

Investment / Re: Nigerian Stock Exchange Market Pick Alerts by ernie4life(m): 11:18am On May 10
eziokwunwoko:
Please provide more information on the below post

Infrastructural funds are closed ended funds pooled from different investors to be invested in select infrastructural projects.

Due to its closed ended nature, fund managers usually list the funds with NGX or FMDQ or both to kind of provide options for investors to exit and other investors to enter without disrupting the funds.

Most infrastructural fund are priced at 1m per unit.

So nothing new here, they probably just listed theirs.

2 Likes

Investment / Re: Commercial Papers by ernie4life(m): 6:04pm On May 06
freeman67:


Good day @ernie4life I greet you. Abeg, how far with the just announced Coronation MB CP, Is it net?

They sent out a higher rate for 270 days and later readjusted it. Why na?


Good day bro,

it's gross,

The first discount rate was not accurate so it was corrected.
Investment / Re: Commercial Papers by ernie4life(m): 5:01pm On Apr 29
So I heard DLM is net and will close tomorrow
Investment / Re: Commercial Papers by ernie4life(m): 10:53am On Apr 26
freeman67:


Thank you for your reply. Any CP without WHT in the pipeline. I want something better or at least commensurate with the present CP rate considering the risk involved.


None that am aware but when it's available, I will ensure I share on this thread
Investment / Re: Commercial Papers by ernie4life(m): 7:38am On Apr 26
freeman67:


That's true sha. So let me ask. Would they be any tax for FIDSON.

Also, what is the difference before the infrastructure fund you guys are floating with NDIF on currently being traded on NGX. Will your pay quarterly dividends too.?

Yes, withholding tax is applicable to Fidson.

Not much difference considering we are also deploying the funds to infrastructure project to aid bridge the infrastructure challenges we face as country, however, we are consciously avoiding investment in oil and gas projects.

In light of the current high-yield environment, we are aiming for a return of 23% to 24% which represents the yield on a 10 years FGN bond plus 4 percent.

Our coupon payments will be distributed on a semi-annual basis, and we intend to list the fund on both the NGX and FMDQ exchanges.”
Investment / Re: Commercial Papers by ernie4life(m): 7:12pm On Apr 25
sirrotex:
How do I get in touch with you

A DM will suffice
Investment / Re: Commercial Papers by ernie4life(m): 6:43am On Apr 25
sirrotex:
Does going through you give you any form of edge, like meeting up with a target or enabling you to get commission. If yes, then send me an official email address I could deal with and if no, I would reach out to my folks in Greenwich


We all have deliverables, but for ease of transaction it's better you deal with Greenwich since you already have a relationship with them and you are conversant with their process.

But from a point of value, dealing with me could mean I will offer you more investment options in the future that offer better returns.

1 Like

Investment / Re: Commercial Papers by ernie4life(m): 6:39am On Apr 25
freeman67:


If you deal directly with the arrangers most times you would not pay any service charge. It's only stock brokers like Afrinvest that usually charges for their service. Service charge is usually borne by the issuer.

The problem I have about WHT on CP is that they don't usually state whether a particular CP is exempted or not till when it is close to maturity.


But you can always ask before investing, for example the last johnvents CP, there was no withholding tax
Investment / Re: Commercial Papers by ernie4life(m): 9:45pm On Apr 24
sirrotex:
This looks good. How does one subscribe to it?

I work with Coronation, we can help you buy or your can approach any regulated fund manager to help you buy
Investment / Re: Commercial Papers by ernie4life(m): 1:10pm On Apr 24
These rates we see today will not always be here

3 Likes

Investment / Re: Commercial Papers by ernie4life(m): 9:42am On Apr 16
New offer

1 Like

Investment / Re: Buy A House And Pay Instalmentally In 20-30 Years by ernie4life(m): 9:20am On Apr 16
Welovetruecrime:
Thanks alot for your questions sir.

Our interest rate is 26% of the total sum, no matter how long you take the loan. If you take it for one year, interest is 26%. If you take it for 30 years, interest is still 26% sir.

We are affiliated with so many mortgage houses including NHF so we can help you access NHF loan.

However,

If we use the other mortgage houses we are affiliated with, the whole process takes a Maximum of 2 months and you will be in your dream home.

But the entire process for ONLY NHF loan takes a longer time(over a year).

If your employer deducts pension funds from your salary, you can use part of that pension fund as equity payment for the mortgage too.

My company can help you access the pension funds because your pension company will not give you the raw cash for equity. It has to be accessed through a reputable mortgage company like mine.

Also, my company DOES NOT have properties we are selling.

You are the one to look for your dream property anywhere you want, and we will help you finance the payment.


Thank you for your response.

follow-up questions.

When you say 26% i assume you mean if the interest on the loan is 26% for 5 years and lets say i take 10m i will be paying 2.6m as interest every year for the entire 5 years bringing my total payback to 23m(interest plus capital) for the whole 5 years, correct me if am wrong, i want to be clear about this.

What conditions must my choice property meet before you agree to finance it through your mortgage.

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