₦airaland Forum

emmasoft:
\

Your account details will be sent to you shortly after the compliance team gone through d form and kyc documents you uploaded.

Ok thanks

freeman67:
As a former subscriber of VDF I can boldly tell you that capital is guaranteed. What is not guaranteed is your interest ( I am not sure I got upto $2 for investment of just $1,000 when I terminated the investment after about 9 months.) and opportunity to monitor your investment.(My main reason for terminating the investment.) I kept requesting for a means/access to my account to no avail so I had to terminate.



The only good side to them is that you can deposit the USD to their account (ledger account) with GTB thereby saving you transfer cost unlike Stanbic that you must transfer.

I just opened a VDF account now. And I have a don account in GTB. What should I do next? All KYC uploaded already.

yomi007k:
I'm trying to contact you.

I bought fidelity shares since 2005 Worth #25000 then and I did the online registration last year. I only got 99naira last year (which is the only dividends I have received since 2005). Does that mean I still have some unclaimed bonus/benefits?

ahiboilandgas:
...i no like America ....i prefer some small European countries like Finland or Canada,in ni geria na abuja city centre (strictly ) but am approaching 38 years wouldn't want to start as a janitor again in America when I have contract with total,MRS,cita ...u woudnt either .....

You see. That’s what am talking about.

ahiboilandgas:
me go choose u.s ....some mushroom apartment in festac is 8.5m ,game village 10m (like those home they called project in America ) with over crowding,and dead infastructure .....i rather have it as down payment and live well in my life time

And yet you have not relocated. I think with the type of money you have, you can relocate to USA and live comfortable. Am just thinking aloud.

needful:
$28k in usa will get u a brand new tear rubber bro. It may not be 2019 model but it will comfortable get u a 2015 or even 2016 model of car. Again it depends on the car, in some parts of usa, $28k will get u a down payment of mortgage. Then in Canada, 28$usd will get u a down payment for a house of about $350k to 400. And that same $28k usd will get u a brand new 2016 to 17 model of a car. $28usd will buy a mobile home wel equipped. Speaking with experience though.

How much is a brand new IVM (innoson) basic car?

I hate it when those that have not lived outside of naija will begin to compare buying lands or house in the USA and naija. It’s far cheaper here than abroad, even when you provide all the basic amenities for yourself in naija.

Are rates dropping or increasing? I have not done primary for a long time, so I no longer track it. Just doing small small secondary hoping to merge and come big by February next year primary market.

aremso:
Latest by noon

Thanks I have got the alerts (by 13.00hrs). Stanbic rocks

Hello house,
I have two Tbills dropping tomorrow at stanbic. What time of the day is it suppose to hit my account. I want to merge and add a little amount before subscribing tomorrow.�

Adiwana:
Thats not how you get rich.You max your income..Why do business where you make 5%/Annum and can do another business with the same risk level and make double of that amount at the same time.

Lets say you invest N100M into T-bills.A little increase from 10%-11% puts an extra 1M into your pocket.You cannot say because you are diversifying,you have a collective income of lets say 8% on that same N100M.That is deliberately denying yourself N3M.Not a wise way of investing

This is the vague analysis I don’t like. Do I have 100M coming to me at once. Or are you not seeing people’s auction failing everyday. Just do what works for you. Leave max out for now. 10 years time we will talk. I have my own path and calculation too bro. I did not win lottery so stop analysing with 100M for me.

Tbill vs building
Tbill vs Eurobond
Tbill vs Dollar

��� invest, know your path and do it religiously.
Like one of my colleague would say, “ we said building is not an investment. But our friends have buildings to show after years, we have no money to show”. A little here and there balances things. The analogies are too vague for me. I make X amounts every month and invests 1/3 of X on Tbills and the remaining 2/3 on expenses and building a rental property-I don’t think it’s a bad idea. That’s what I currently do. And it gives me fulfillment.

1985, then I was using 25kobo. To me 2M is blood money then.lol

odimbannamdi:
Going by your calculation, it will then take at least 17 years for the house owner to recoup his 55m investment under "ideal" circumstances.

By ideal circumstances, i mean:

- you rent it out at exactly 800k per annum
- It gets rented immediately you finish building
- there are no landlord-tenant squabbles
- there are little to no repairs done within this period.
- Government does not hike land-use charges or come with useless land-related charges

Unfortunately, this world is not ideal.

Personally, i do not fancy house rental as an investment. The period to recoup my investment will be too long. I doubt i will see 200% returns in my lifetime. I would prefer to build event centres and make my 50k every Saturday.

And you are sure of rental every Saturday?

Ijeoma660:
I tested them with investing and ease of withdrawing 100k before doing bigger sums. It was easy to invest in but to withdraw was a hell of trouble. In fact it required me to visit their office to apply on paper before getting my money. Afterwards took about another 3 to 4 days before I got alert. I abandoned the platform pronto and stuck with FBN edge. I invested about 6m at a point and withdrew same within 1 to 2 days. Did not visit any office nor called anyone. It was quite impressive!

Few days ago topped up with the transfer method before noon and got value same day in my account.

If you opened ur account in the right way, then it should be easy. For me I didn’t ask questions b4 opening with stanbic, so I didn’t set up my secret question. So it took me a while to know about this. Immediately I did it, I transfer and get it reflected same day and also withdraw and gets alert same day. Just like I said earlier everybody with different experiences. A couple of days ago I went into GTB to inquire about dollar investment, the kind of things I heard that day, I couldn’t believe my eyes. Am planning to relocate my dom account from GTB to Stanbic.

ogunsexy:
For a very long long time I have seen people struggle with calculating returns on T-bill investment. In order to help others do easy calculation regarding T-bill investment , I have decided to make on of my personal tools free for everybody to use.
Please note that the only editable part of the spreadsheet are the variables on the right. I hope you find this useful. If you have any problem using the spreadsheet, I am always here on this forum.

The name of the file is TBillscalculation.xlsx

This ur spreadsheet Charges up to #4k plus? For just 6M??

Jiayu:
Wrong. I invest got 14% yesterday

Yea, I-invest can afford to go 14% becos u get interest at maturity.

benedictuyi:
Give it time. Shouldn't be more than 3 working days

If it’s online account transfer, it shouldn’t be more than 24 hours, if done before 12 noon that day.

unite4real:
You dont need to go through this long stress.

just apply the formular below

(Principal*100)/(100-rate)

ie
(3,000,000*100)/(100-14.9)
= 300,000,000/85.1
=3,525,264

I did that for understanding (simple). Otherwise there would have been more questions trust me.

Innoxxacs:
how did you reinvest to get 525k?

3,000,000 @14.9%= #447,000
447,000 @14.9% = #66,603
66,603 @14.9% = #9,923.8
9,923.8 @14.9% =#1,478.6
1,478.6 @14.9% =#220.3

Interest = 447,000+66603+9923.8+1478.6+220.3 =#525,225.7

I had some few change in the account that went for charges.

michealekene:
Lool...thanks. but this one na stress. I prefer rounding up in million. Plus...I also found out stanbic doesn't reinvest interest for both pry and sec. It would have been a better option like I do with FBN

This is a lie. I did reinvestment of interest in stanbic by February this year (primary @14.9%). I have my cert with me I didn’t collect any interest that month. That was how I knew how to calculate it. They invested till about few hundred naira left. And discounted the few hundred naira from my invested capital. 3M to collect 3.525M by February 2020.

Innoxxacs:
1M should give 130k
But you need 1M in...
I'd say run 800k, take 104k (up front interest)

Add 100k(4k remaining)to the remaining 100k run 200k on the next date take 26k(up front interest) add to the remaining 4k you have 30k cash and 1M in the bank
My 2cents

Did you consider the charges and the number of days lost from the original calculation and perhaps the possibility that interest may drop. I embarked on this just last month and within a week interest went from 13% to 11.7%. Stanbic can be crazy with interest sometimes. I would say demand and supply sha.

michealekene:
I intend to do 1M for 364days for at least 13%., but due to some unexpected expenditures, I will have only 900k to invest. 
Should I write 1M in the Tbill primary market form(even though I have 900k in the account) 
Knowing fully well that the 900k covers the discount value? 
I know this is not applicable to Firstbank. I am asking as regards stanbic ibtc since Stanbic usually debit discount value in Tbill. 
NB
Face value = 1M
Discount value = 870k
Assuming rate = 13%
Tenor =364 days 
Thanks

Please can someone confirm if this is still possible with stanbic ibtc

I doubt this. Becos 1M is suppose to be deducted and the interest paid to you. What do I know, maybe somebody has done it b4. What I know is that you may ask dem to invest even the profit. Giving you about #1,034,444 -I did this at the beginning of the year.

zohan101:
Lol..@bet9ja?? Please o..A distance friend staked 500k on arsenal to win watford last weekend but got a rude shock when arsenal failed to do so.

Bet9ja=MMM..�

What?
This is foolish betting. I know people who earns 2M per month and do not stake more than 5k in bets.
Get rich quick syndrome.

So to encourage you to leave your money with them for a longer period, you find out that 182 days and 364 days interest are higher.

91 days @10% means for the year your interest is 10% but you only want a quarter of the interest that year.
182 days @10% means for the year your interest is 10% but you only want half of that years interest.
364 days means you want all the 10% for that year.

Adiwana:
Better to hold your value in land than houses. Read on this forum where someone mentioned that a house is a liability and I strongly agree cause you steadily maintain it but you don't maintain a land

Unless that land is fenced with gate. You have to maintain it otherwise....

ahiboilandgas:
a new area will be developed,properties are over price in Nigeria and exploitative in poor infastructure...i rather buy a million dollars house in Vienna than 350m in banana island

I have stopped looking at over priced commodities in Nigeria.

austine4real:
don't believed what u read online try it ursef I pray u won't regret ur actions.


will try and show u some evidence that they're deducting my money

Is it the same stanbic I use? Experience they say differs. My experience with stanbic have been wonderful.

Rejoice04:
Am not saying they will leave am just concerned it may affect their performance in terms of percentage and number of customers .

Rates will go up rather. So as to encourage customer to stay. If you want to leave, you are free, make we enjoy good encouraging rates

Waiting for October to come so as to mob up my first two tbills. The journey has began

tijusegele:
I end up moving my money from fidelty bank to first bank n I did a 104day @ 10.3% but I told dem to pay all my cash at the end of the 104day

Was that a good move also pls guy how much am I expecting wth my 1.1m invest because I didn’t wait to ask much question from the bank

Your money is involved and you didn’t wait to ask much question- this is strange, hard earned money.