₦airaland Forum

rationalmind:
None of them is

True. Very true.

So guys I did some research on the Stanbic MMF and I feel it's not transparent enough. Will be posting my findings soon...

SamReinvented:
Hello guys,

I have a considerable amount of my funds with Stanbic MMF. I want to diversify a bit.... Does anyone here run the Guaranteed Investment Fund? Does it have higher yield than MMF. It sounds attractive from what I have read on their website, but I'd like a real comparison from someone who run both packages.

I did some research on this, and Stanbic GIF is actually quite okay. They made a return of over 73% in 5 years. I feel it has a long term feel to it too. If you need a 25% exposure to equity, and your money is guaranteed after 3 months.

speedyconnect3:
1.
Crrryypttoocurrennccyy?

2. Company?


1 or 2

Lol. 1.

In as much as we all want there to be a Bonanza, I think what most are doing now is timing the market. Find a technique to calculate the intrinsic value of this companies, and invest within a margin of safety in small lumps or set trade orders downwards or upwards in small lump ranges depending on the intrinsic value. So that you don't keep hoping on a Bonanza and then a bull market comes and you become emotional and buy at higher prices and everything comes crashing down again.
I can't overemphasize the use of a very liquid money market fund enough.

It's also sad Nigeria is a country that depends too much on hope. That's why we are too religious (topic for another day and thread) and our NSE doesn't have a leverage shorting system. I would have shorted Diamond Bank and Skye bank to oblivion.

jayfierce:
I am almost convinced to dump Stanbic. I need better rate and excellent customer service.

I am going to call their customer care to confirm some things this morning. Whatever my findings are I will post, because truth be told their rate is becoming too low while others are high. There has to be a reason for that, except stanbic is shaving out more % as their profits, this could be one of the reasons they were more profitable this year, at our own detriment? I will do my research and post my findings.

Nnamz:
Why were you blocked?

I think I have an idea, but mentioning why might get me blocked again, as I have been banned twice now, just got freed from the second ban. That word starts from a C and ends in y.

Sad that I can't write what I wanted though as it was something I feel enlightens, if I get banned again after this I will know it's deliberate, as I never advertised anything or created anything spam-ish in nature.

It's good to be back. I was banned for a while, it's unfortunate there was no need to insult anyone just because of an online difference in opinion, it is far better to lose an argument online than to lose money in real life. This is what many fail or forget to understand, with that said I never came in here to prove any point to anyone or make people uncomfortable, I was just giving advice so people can learn more.

Some even went as far as making assumptions on what I said and what I did not. Someone even claimed to study Economics in unilag just to make a point, to some it will be funny, but it scared me that people always forget what money is all about, the financial markets don't care about your school, your course or how many degrees you have, even experience sometimes count for nothing as people have short term memories, but what never changes is human behavior.

What I will do is go on to reply someone who quoted me, I tried to reply him but I was blocked. Then I will go on to drop final key points. I hope this all benefits everyone.

mendes911:
You definitely missed the point.

You mean the Nigeria as a whole point? Something bad happens... I didn't. I deliberately left it out, as I was wondering the correlation between a bad company, an okay company and Nigeria finally going bust!

Don't mind me man, just trying to have fun. Glad to be back and thanks for the reply.

mendes911:
You said severally that you will keep buying Diamond as long as it touches ₦1.09.

It traded 86k today, how many truck loads did you buy?

Market is not stagnant, so should buyers/sellers. E get as country go be tomorrow and I will not even touch Zenith at ₦12 if it becomes glaring it's headed for ₦10. That wouldn't make one a spectator at all!

But Diamond Bank Fundamentals are not good enough. If Zenith Bank should go as low as that with current fundamentals, lol! I will be buying a lot! Too much sef.

Hahahahahhahaha.

I am now the villain. Chai.

Never told people not to buy Tbills. Never said Tbills was bad. I only stated facts. I also have money in Tbills. Is Tbills safe in terms of getting your naira back? Hell yes! Never did I say anything about the Nigerian government not being able to pay Tbills. All I did was state facts, including the mindset about hoping for higher Tbill rates and it's implications.

How is all this Negativity? When did the truth become Negativity? When did logic and facts become negativity? When did making people understand what they put their money in become negativity?

I didn't want to talk about this issue again, all those taking shots at me, can you point to one single thing I said that was negative? Can anyone point out to something I said that wasn't a fact?

I didn't want to do this, but why don't you go check the Tbill rates history for the past years, then calculate inflation for the past years, then include our devaluation with respect to the dollars or any other currency, let us see the current buying power. We could buy the big Samsung and Apple phones for 80-100K before, now they cost more than 300K, this is not even counting our inflation, just what the value of our naira did to us. Even if we include the US dollars inflation, we shouldn't be paying more than 130K for this phones. Yes doing Tbills will make you far better off than an average man who doesn't make his money work, but brothers and sisters in the house how is your buying power? Let's be honest. For a country that imports a lot, many of you don't want to know the price of this things you buy, they are far cheaper. The shipping fees of this things are priced in dollars too, lol.

I will say this again, is Tbills safe in bringing back your naira to the nearest perfect kobo? Of course, but what will never be sure is your buying power or wealth. I mean it's like saying cryptocurrencies that are PoS are safe investments (Proof of stake (PoS) a form of Blockchain process where the amount of coins you have determines how much the network will pay you for securing the network, it's even trust less and decentralized, nothing is as safe as that. Nobody even has to hold your coin, you are in charge and can remove it anytime, some PoS pay the same rates as Tbills). I can't come and brag that because I will always be paid and my capital is always secure that it's safe, because I know the actual value will be determined by supply and demand, and inflation too, because the process of rewarding for securing the network is inflationary.

How is this explanation and the ones before negative? This argument started when someone quoted me when I said Tbills can't make you rich. I even argued against people who said they preferred businesses (some brought up truck business) to Tbills. I even gave an example of a friend who laughed when I suggested Tbills, didn't put his money in Tbills for over 2 years and how he eventually started spending that money. Were all this statements negative? I even said I actually do Tbills! Lol!

When did it become a problem to advise people and drop my own opinion on what I feel is the best thing to do? How does that make me the bad negative guy?

If saying facts and simple logic is negative, I rest my case, but please all those taking shots at me should take note, I never said Tbills is bad or people shouldn't do it.

stcool:
Access will finish Diamond shareholders.... It will be an open rape
But I won't be surprise if Diamond bank goes on bid today... This is NSE.

Loool. I wish them all the best.

donshady:
You're saying your own here.. Either you like it or not, I'll still invest.. It's still better than having the money lie down in the bank account..

I am wondering, did you ever see me say "do not buy Tbills?"

This is why I dislike advising Nigerians. They become hostile towards the truth. The same reason why the country is in shambles today.

I just stated some facts about what we are all putting our money in, me included. Also the importance about hedging and the risk of higher rates, inflation and not considering buying power.

Tell me, are we only to come here to discuss how good 16/18% rates are good? How we are becoming richer? Without understanding anything about Tbills? Or factors that affect rates? Or why higher rates should make you scared? It's almost like investing in something and expecting more returns without understanding the implications or why there should be more returns.

I am sorry for saying the truth about our safe investment, Tbills. I am sorry for trying to make people understand money more. I am sorry for saying anything at all in the first place. I can see I might be the enemy to so many people's dreams of becoming rich through Tbills, I apologize.

The greatest advice I ever got was to stop timing the market. I hope this helps someone here today.

maishai:
how does one save money in foreign currency and escape the excessive charges.....I ask this as i am about to sell a bike i bought 4 years ago for more than 150% the amount I bought it, after reminising, i think it is futile to save or invest in naira as your base currency......Naira is just not a good store of value, I still earn the same salary as i did 4 years ago but i am fucking poorer.......Its so bad that when i checked my Retirement savings account, my balance 4 years ago is greater than the amount there now if we convert the money to dollars @ the exchange rates of 2013 and 2018.....................Please help me out ??

When I tell people to hedge with cryptocurrencies, many look at me like I am mad or saying rubbish.

I agree cryptocurrencies are volatile, but anything that has a chance of fighting inflation is worth looking at.

Hedge your investments. Don't diversify because others are, diversify strategically in such a way that you have higher buying power. That is the key point. Many people think more naira is the same as buying power, but they are 2 different things. The moment people can calm down and understand this perspective, things will get better for them.

jpphilips:
lol, Greece operate in the Euro zone so their financial system and yours are not the same, Venezuela is a different kettle of fish!! You are comparing apples with oranges basically, make no mistakes, im not implying default is impossible, however, the implications is one that Nigeria can not afford at this time.

Hope you know the higher the interest rates returns on Tbills, that implies more risk? This is basic finance. Doesn't matter what country or continent, the laws of demand and supply will always apply to anything.

Why do you all think Tbills was very high 2016 and last year? Why is it lower now?

silentone:
What kind of account can I open in stanbic bank to operate TBills. My prospective account officer is asking me to open a business account but am not convinced.

Lol. This guys will always tell you things that favor their commissions and not things in your best interests. You should go and learn about all the features of any account you want to open.

zamirikpo:
Shebi u know Greece.....u know Venezuela.......

What happened with them.

Been telling people about this... but noooo... people think Tbills are so safe and sweet they have forgotten about the implications of inflation. They want better rates, but they don't know the implications. If hyperinflation should catch up with us, most of you will wish you already had something as Volatile and criticized as Bitcoin or cryptocurrencies.

The higher the return on our Tbill rates that means the more risky it is to have anything to do with this country, especially our naira or bonds etc. There is a reason Tbill rates in America is 1-3%, and that of Nigeria is between 12-18%, some of you all think you are flexing. Pray it doesn't start to get higher than that as it only means our naira is becoming more useless and our country risky to invest in.

Freedem:
I use a foreign bank to forward the Euro into my Nigerian euro account, then withdraw the cash and change at the black market. The foreign banks charges 50 cents per transaction..

Converting back to Euro is just via the black market..

Wow. Alright man. Thanks for the info. Appreciated.

olyrayy:
Hello house. How do I get information about the recent rate of return (ROI) of my mutual fund. My mutual fund (Meristem) is just beating about the bush. Not giving me information on how many percentage rate of return they have recently gained or lost.

Also, I checked out Stanbic IBTC and their registration process involved bank draft and all. is there a way to do this remotely/online? Are there better options?

I think Trading wise for securities and stocks, Meristem is okay but for money market fund, stick with Stanbic, Arm or Axa mansard.

I think to open the account you need to visit Stanbic.

Chukason1:
Hahaha What of in a situation the internet person is actually Correct and more Financially literate

Hahahaha. Well, that is life for us in a nut shell. You can never know now can you? Till time passes i.e. in the future.

Pick good businesses. If the price keeps dropping below the fair price keep buying more in small amounts.

Some of you are just making this thing too complex for yourself. Lol.

Diamond bank has a negative ROA. I won't touch that with a 10ft pole. Yet, some people here are eyeing it.

I would rate Diamond Bank a double C negative (CC-), any small investor buying into this bank now is speculating not investing.

Chukason1:
With all these Controversies which One newbie Investors go do?? ... This one am hearing TBills isn't even 100% sure

Lol. Nothing is wrong with Tbills. It's all about personal preference. What you as a person can be comfortable with. Not what someone else is saying on the internet.

speedyconnect3:
The US emerges the best oil producing nation.

This means more low patronage for nigerian oil.

What's the effect on tb rates please?

ahiboilandgas

zamirikpo
GonFreecss1
freedem nl1960

Best oil producing nation? Lol. This means nothing. People only do business with things that favor them not awards.

silentone:
Please house, I need your advice. I went to stanbic today to enquire about TBills and Money Market cause I wanted to invest 500k. After telling me the rates, the account officer advised me to opt in for money market. Saying it would be a smart choice as to TBills.
The rate for TB at primary market was:
91 days-10.75
182- 13.47
365-14.0
While Money market is 11.54%
Please, what option do I opt in for as am a newbie in this.

Why didn't you ask him why he told you to go for money market with 11.54%, when there are other things higher like the Tbills 182 days, 365 days 13.47% and 14% respectively?

Always remember it is your money, ask this questions. Sometimes this people are incentivized to advertise things that will favor them from commission to management fees and they don't necessarily advise you in your best interests.

dotcomnamename:
This is the reason I prefer to lock in higher TB at least from 18%

Isn't 18% only exclusive to the 50 million naira and above Gang?

lancee:
Same me..Sweetest thing is when u re converting the naira to forex..I call it "Free money "..Till now T bills has been a blessing to me as long as there is stable exchange rate That is why i do not pray / support for further devaluation of naira
For now let us enjoy the stable xchange rate and higher Tbills rates ..As long as u do ur calc very well ..U good

I do not know about tomorrow ..

And you too o, please where and how do you change your forex to naira?

Freedem:
There's no real estate investment within my investment capacity that will return 30 million in two years .. you can't even find that anywhere in Europe..

The key thing is knowing when to pull out.
Inflation rate is meaningless to to me because I'm pegging against another currency not inflation in Nigeria.

How and where do you convert though from Naira to Euro and back?

Nnamz:
Go f*ck yourself.. asshole

Hahahahahhaaha. Easy.

eagleeye2:
This is good. But did you invest all of the 100M in T.bills without diversifying? What if going by GonFreecss1 :..advise, the Naira has depreciated further, that would have actually been a loss of purchasing power even though your Naira remains the same.
But, I must commend you for having the foresight of buying back Euro with the interest you already gained.
Also you can look towards real estate (that is if you are not already into) to diversify your investment portfolio the more.

Yes. Him buying back euros was very smart.

I really hope our naira is kept in check, but I don't trust the powers that be on this one.