₦airaland Forum

Treasury bills...

Still observing...

ukay2:
My oga FGN Bonds do not in any where seem to be any legal 419 investment.
Rather it's your lack of understanding that is confusing you.
I have tried severally to explain to you .....but am sorry u still did not understand bond market calculation.

Maybe just try and invest 10k in 3 year bond and hold till maturity it will become clear to you.

I have FGN Bonds that have matured and still maturing in FEB 2020, APRIL 2037.
I have never loose my capital......rather keep getting the coupon payments at the said payment date.

Just hold till maturity....no capital will be loss or sell below the bond offer price before maturity and still make more money from it.
You will only loose some part of your capital when you sell before maturity at offer price above what you initially bought the bond.

Am talking from a practical point as bond investor that has hold till maturity.


Example

I have 12k to buy fgn bond for April 2037 at 16% coupon payments till maturity and I bought the bond for 12% from secondary market. That my 12k may bought me 10k what of the FGN bond since am buying it at 12% instead of the 16%.....meaning the person I bought it from has made 2k from me since his selling at a lower percentage which is 12% if he bought it at 16% from FGN from primary market. .....which I told you earlier that most bonds at primary market are not even sell at that 16% rather below that percentage.

Then I will be getting 16% of 10k bond for 17 years from FGN ...which is N1,600 every year for 17 years which is maturity date ......the FGN will be paying me N800 every 6 months till maturity.


For me after 3 coupon payments. ...which is N2,400....I have recovered the 2k I used to overpay for the bond

So the remaining N1, 600 x 15 years are my gain I hold till maturity (which is N24,000) and at maturity, my 10k I used to buy the bond will be repaid to my account so I have 24k+10k=34k in total.

If I start re-investing every coupon I get to buy the same 17year bond....my coupon payments will keep on increasing. ....you know compound interest.....you can calculate it yourself and know what that compound interest will be ...

If I even want to sell that FGN Bonds 2037 like by 2025 at 9%(below my purchase price of 12%), I will make more money from it because the person buying it from me will pay more to buy that remains bond from me..

If I decide to resale it by 2025 at 15% (above my purchase price of 12%), I will loose some funds from my initial capital.

But for me....like in my NTB investment. ...I hold all till maturity

Don't forget that the only charge your bank will get to help you purchase the bond like the NTB purchase too is (like my bank. ..stanbic. ...N300 for custodian fee + 0.05% of the nominal value of the bond like the example I gave 10k x the number of years of the bond.

I will advise people to buy the FGN Bonds via banks that will charge you 0.05% of your nominal value of the bond. ...because some investment houses charge as high as 0.5 or 1% which maybe too high


I just hope this explanation make sense to you and others so that the issue of bond calculation will be put to rest in this forum.


As NTB interest is low now and many NTB investor are looking for alternative investments, some investment houses or banks or people may even confuse you the more.

NSE is another place u can purchase your dividend paying stocks if you have a high risk appetite like me and others in this forum.

Just be guided in your investments

And may God help us not to be too greedy to loose more funds in time like this. Amen.

As I always say.....SLOW AND STEADY INVESTMENTS WIN THE RACE.

Very explicit. Thanks for taking ur time.

zohan101:
Exactly what I told the investment officer, That it ought to be only if one terminates b4 maturity but she said not only in such case..

She painted a scenario

That the current price of a bond is #1224..And if i purchase #20000 what of bond at #1224 gives 16.339 units..So if after holding for 3years or 5years and I decide to sell, its going to be subject to the price available as at that time, so if the price for a bond then is #1000..My capital gotten after the tenure will be #1000 x 16.339units=#16339(less than my startup capital of #20000)..


This was the illustration she gave..

It left me dumbfounded..Had to put a halt on investing..

This scenario you just narrated implies that you can only lose ur capital if you sell b4 maturity. As long as you hold till maturity you won’t lose your capital.

dake40:
If care is not taken, this is the moment people will loose their capitals to fake/unsafe investments while finding alternative to TB.

Advice to investors, please research and ask questions before you invest your funds....

My funds is safe in my savings account - I no Dey hungry, I get work and house rents. I won’t be pushed the period - b4 I go lose my small saved capital. Once the prorating stops, even if TBills goes to 1% I will do for 90days and wait until CBN is done doing their tombo-tombo. Lol

oliverdon:
Fidelity secondary @364 is 8perc closes 1pm

This is strange to me. When was the last time they did auction that by now we still have 364 days in the secondary market?

emmanuelewumi:
This fund manager and investment is not registered by SEC

Thanks. Take heed all

gwinaB:
I think you can withdraw. I withdrew all I had and they only kept about 50k since I wasn't closing the account

You mean up to 25M or 30M? Definitely some million will still be left b4 just concern if I can make a large withdrawal like that in one day.

emmanuelewumi:
Let us see the bright side of life, if we see a messed up Nigeria it is unfortunate that is what we will see around us.


To an extent every nation ought to have a degree of food security.
A situation whereby we have cotonou garri in the market is not good enough.

Our youths need to learn marketable skills.
It is unfortunate that most of the the artisans used in the building and construction industry are foreigners from Benin, Togo, Ghana and others.

Our youths are busy working as Okada riders.

That’s becos they don’t want to do the time to be skillful in this fields - quick money syndrome and I can’t trust my hard earned cash to them period.

Grupo:
Another clown creates an account in November, comes directly to this thread to remind us to invest in "real sector."

Clown.

No matter how they try. They may come, but like a flood we will raise a standard against them. Lolllll

richforever123:
In as much as I am sad at the dwindling TB rates, I see it as a good step in growing the economy, there is a huge demand for rice in the country, coupled with the border closure, this is a big opportunity to invest in the real economy, there are a lot of business opportunities available in Nigeria now, but an elevated sense of fear will not allow people invest in the real sector

When you say fear, I wonder what you mean. If I cannot swim and you tell me to jump into the river to collect a bag of money and I say no, is that fear? So should I jump into the river? For your information some of us are in the real economy and it’s not funny. I know what I pay as PR to be able to stay in the real economy. I just recovered almost a million from one of my sales boys with the help of the airforce (as I am a member of their mess - maintaining membership comes with a cost). So when people say real economy I just laugh - who no go no know.

emmanuelewumi:
I think people here are more concerned about the return of their capital than returns on their capital, that is what suits their investment temperament and they can't be blamed for that.

Everyone to what works for him or her.

The thing tire me o. I like only beans no be problem now. I can’t go to romance section to go and be preaching the word of God now - it’s not right.

Now back to Tbills, for which this forum was created. Has anybody tried the secondary market?

ernie4life:
No fee

I called GTB there rate is 0.05%.
I called somebody in stanbic and was explaining that at first I will lose some money due to some transactions- I really don’t understand this.
Are you saying if I open a dom account with stanbic, I source for dollars and give it to dem, I won’t transfer from my dom account into another account (which would cost some charges)?

emmanuelewumi:
Those guys have different monikers, if you look closely and deeper you will know the person behind the monikers.

Although he promised to leave the forum, but it is almost impossible for him to do.

Discussions about Treasury Bills which is the primary objective of this thread are healthy.

I Dey feel you. Since the first encounter I have been watching closely. One character duplicating self with different nairaland identities. My only prayer is that the very vulnerable ones among us do not fall prey. Shine ur eyes�

ogawisdom:
TB should be reduced to 1 to 2% to force investors to invest in business to create jobs for our economy.

Someone with 50m is hiding in TB for easy money instead of going into real sector. Bad for our economy

Is it your father that gave the person the 50M?
If you don’t have any meaningful to say, leave this forum. This forum is meant for Tbills

ijeshaboy:
I did online recharge of 800k since yesterday but it hasnt reflect, i was told it takes like 2business day, how true is that.

I did a transfer yesterday by 8am and it reflected around 3.30pm same yesterday. Stop using card payment - card payment takes 2 days.

needful:
U hav to be present in the bank to liquidate that sum. If u are withdrawing via abroad, ur daily maximum is N2.5m

This is not good. Fixed deposit is better then for what I plan to do. At least I know all the money will enter on the date I choose.
Thanks

Let’s take it easy and plan carefully before we venture into something that will wipe our capital. My own 2cent advice.

How much is the fees if you are starting dollar fund with $3k. I learnt there is a fee you pay before you commence.

Hello house
I just want to find out if I can withdraw #30M from my Stanbic MMF at a go. Or do they have maximum withdrawal per day?

freeman67:
All of them coming here to tell people about raising financial models and running many businesses that has not failed are just setting traps waiting for their potential bush meat to enter. They now know many people here have capital looking for where to invest so they want to use that opportunity to dupe people.

“If you go about telling ppl I have this amount of money � what do I invest it in? Even the poorest of them will tell you what to do - it would be to give it to them”....fellow investors be warned.

calamus:
Please admins I am not trying to break any rules, neither am I scam. I am just desparate. All claims herein are verifiable.

PLEASE HELP ME!
THIS IS A GENUINE PLEA FOR HELP.

HELP ME.
I am a student. I was referred to an investment platform by a close associate. I started with small investments and then gradually increased it when it looked trustworthy.

Meanwhile, I started taking loans from other students, and promised to return them, with interest.

At a point, things went south real fast, and it was from one story to another. All withdrawals cancelled, and we were asked to reinvest to withdraw old money.
Now, three months later, ALL my creditors have let loose on me, the most painful thing being that all of them trusted me because of my reputation.

Please, I need help. I have held it in for two long; I have done all I could do, I have tried to even borrow to invest and release funds, but my reputation is already ruined; no one wants to lend me money. The stigma has even made me unable to do school work. Our just concluded exams was a mess, but that is secondary.

Even if I could get people to lend me money, it would take months before I could retrieve the over 700k in my account.

This afternoon, I was summoned to my school's security office where I had to sign that I will pay one particular person before Friday.

Tomorrow, another person's reputation will be ruined because of my decision - she used money other students placed in her custody to give me as a loan, all because of trust.

She has been calling, texting, crying, I don't even know what to do. If suicide will solve the problem, it's not now I thought of it. But it can't solve anything.

All my claims are verifiable. I currently have at least five agreements duly stamped by the court for different people, granting them to take whatever means necessary to retrieve their money.

Please help me. I am the first child of my parents, and though not the breadwinner, I am taking care of two of my siblings staying with me. My parents are both advanced in age, and this will break them.

I need help, I admit it. I am a charity case.
I need help. Anything laid in your heart, please take urgent action. I beg. I beg you in the name of whoever or whatever touches your heart.
PLEASE HELP ME! I DON'T EVEN HAVE 24 hours. I can't sleep. I just woke from a troubled sleep

My thoughts are scattered as I type, Nairaland community help me. Anything you can comfortably spare. I have to raise over 800 thousand naira, but even your five hundred naira means a lot to me.

0029246246
Diamond Bank


Please no matter your present condition, please donate. 50 naira, 100 naira, 500, a thousand, please anything would go a long way.

68315 (153) all preceded by a zero and a seven and a zero.

This is what we warn people about risk in this platform. The economy is volatile- if you keep listening to ppl who tell you “real economy”, be very careful,so that you don’t start begging like this. Take calculated risk in this country pls.

chloride6:
Old enough to know that high interest rates were strangling our economy..

American Citizens work hard for their money and their TBills rate is 1.5%

In Japan and Europe it's worse, their interest rates are negative..

Go and sit down. The tough business atmosphere in Nigeria is what is struggling the economy- imagine my wife paying four types of taxes - she is considering pulling out her funds to do Tbills now. Instead for CBN to advise govt to make the country business friendly, he is there giving wrong analysis. I can bet that people will still prefer to leave their money in ordinary savings than to put it in this “shit-hole real economy”

DOLLARTEX:
TB 10.4 stanbic ibtc,356 days! stanbic is back!

Really v, I went to my branch (stanbic- Effurun) and was told that no secondary market yet. Will send a mail across to them. Which branch is this please?

OgogoroFreak:
But why would anyone want to do bond and do tbills with interest from bonds when they can do tbills and do tbills with the interest from tbills?

I don’t like this bond of a thing because of the delayed interest payment.

emmanuelewumi:
Someone who opened over 130 threads, and majority of the threads were soliciting patronages or funds

Hmm... just reading patiently.