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Jujutom's Posts

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PropertiesRe: The Making Of The "4 Bedrooms Contemporary Style Duplex" (2 units) In Anambra by jujutom(m): 8:50pm On Aug 16, 2022
spyder880:
Both are very good, depending on how it's done.
Which is cheaper?
TV/MoviesRe: What Movie Are You Watching Now? by jujutom(m): 8:16am On Mar 21, 2020
TV/MoviesRe: What Movie Are You Watching Now? by jujutom(m): 8:47pm On Mar 20, 2020
Darksider131:
NEW HD MOVIES
EMMA
INVISIBLE MAN
THE HUNT
HOOK UP
THE BANKER
Plz which site are u currently downloading from?
PoliticsRe: Ghana Trade Union Vote To Ban Made-in-nigeria Products Following Border Closure by jujutom(m): 10:21am On Oct 20, 2019
Just30:
that is nothing

when you have 200 million mouths to feed, you will have to import more won't you?
You made a specific argument and i answered you with facts...
PoliticsRe: Ghana Trade Union Vote To Ban Made-in-nigeria Products Following Border Closure by jujutom(m): 9:59am On Oct 20, 2019
Just30:
Lagos market is smaller than the market in Tema alone
https://face2faceafrica.com/article/top-six-busiest-ports-in-africa/
InvestmentRe: Your Biggest Investment In 2018 And How Much You Made? by jujutom(m): 4:27pm On Jan 24, 2019
Rextizz:
I started crypto investment around 2017, lost thousands of dollars on bitcoin doubling scheme in 2018, I wished I listened to my friend who warned me, just because of my greediness and wanting to make millions within few days.

I was totally bankrupt and was frustrated because I put all my money in one basket, but now things have changed a little, i now mine cryptocurrency and into other business which make me cool cash daily.
How do u mine?
InvestmentRe: Mutual Funds by jujutom(m): 11:06pm On Jan 13, 2019
Whats ARM MMF current interest rate? Who also knws how to check for ARM?
InvestmentRe: What's Your Biggest Investment In 2018 And How Much Did You Make? by jujutom(m): 7:51am On Dec 29, 2018
Earn while browsing
Check my profile
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 2:18am On Nov 17, 2018
megafaraday:
You have nothing to fear bro. The charges are negligible. Trust me on that.
The screenshot is from a withdrawal I made. I withdrew $225, $0.11 was the charge and $0.01 VAT
Wow very fair! Cool
So my next question is wat are their rates for fixed deposits
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 6:21pm On Nov 16, 2018
Acidosis:
ahaha, I get your point. You might need to approach your bank to get the details.
Sure... will give them a call
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 6:06pm On Nov 16, 2018
Acidosis:
Fixed deposits attract only 10% Withholding Tax (WHT) on the interest earned. Transfers and withdrawals on a dorm account might attract some charges though.
My fear is this part "Transfers and withdrawals on a dorm account might attract some charges though"
It will be very painful after fixing for months and getting some cash only to be having a loss when withdrawing finally
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 5:57pm On Nov 16, 2018
ahiboilandgas:
diamond 2 percent ,take your time and make enquires it the little effort needed ...like me I hid mine in piggy bank ,dorm in standard charted and some gold bars kept in bank safe ��....u might not necessary convert all your tb position u can kept some ,use interest to buy usd from aboki and deposits in dorm.
Buying Usd from aboki or from bank which is more expensive? Again converting Naira or Transfering Naira from ur saving/current to Dorm account too
Above all which is cheaper
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 5:54pm On Nov 16, 2018
Acidosis:
No interest rate, unless you invest that money in fixed deposit. You can ask if they offer fixed deposit investment in foreign currencies. Just do 30 days and continue to reinvest your capital with the interest every 30 days to avoid stories. You won't get same interest rates with longterm (6 months, 1 year) investors though.

Buhari may still triumph at the polls and, in fact, he won't just relax especially as elections are approaching. Economy might improve.
Cool! Now if for example 1 have $1000 fixed in a dorm account with GTbank for a month or two and lets say d interest rate was 1% or less.... if i was to redraw all the capital and the interest after the ending of the tenure, wat are the charges ontop? Will the charges remove the supposed interest dat was incurred before?
InvestmentRe: Mutual Funds by jujutom(m): 10:59pm On Oct 30, 2018
mikeopara:
Please did stanbic reduce anyone's capital recently instead of crediting daily profit?
As at 9:30pm today same balance
As at 10:15pm a reduced balance
As at now... 10:59pm accurate interest added... check urs now again
InvestmentRe: Mutual Funds by jujutom(m): 10:44am On Oct 29, 2018
anori:
I have mentioned it before. GIF is definitely more consistent if not better than MMF. I rebalanced my portfolio to GIF.
Wow! Nice so obviously you noticed the trend too
Pls can u tell us more about it? I am planning on changing my asset from MMF to GIF

Wat i see online is that funds are guaranteed and funds are kept for minimum of 3months
I think it performs better than mmf for now sha but u can throw more light since you have been with them for sometym now
Tanks
InvestmentRe: Mutual Funds by jujutom(m): 1:03am On Oct 29, 2018
Most people don't talk about Stanbic IBTC Guaranteed Fund and when i checked the rates for the last 6months its been gud

Please please peeps who is doing Stanbic IBTC Guaranteed Fund, who knows about it well? Who can shred more light for me?

Tanks in anticipation
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 12:37am On Oct 29, 2018
Akerewe:
too poor
How much are u expecting with 5,000k?
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 4:33pm On Oct 20, 2018
leorayvon:
Heard money market it’s better
For now? Yes it is
InvestmentRe: Mutual Funds by jujutom(m): 4:25pm On Oct 20, 2018
emmas2k570:
I also notice the decrease but i guess the amount decreased is usually added to your principal and reinvested..... Just a guess though, wait for update from those with much experience shaa.....
Yes! You are very correct! Once in a week or in 8days Stanbic mmf removes part of your interest and adds it to your principal amount compounding the money.... This is reinvested giving you better profits

Most MMF wait for 3months before doing this
InvestmentRe: Mutual Funds by jujutom(m): 12:51pm On Oct 12, 2018
Apitch:
Please for those using Stanbic, how do you see your daily gains and when(time) is it added to the NAV( net asset value).
I went to the bank on the 2/10/18 and subscribed for their money market, on the 9th, I get a subscription initiation message so I went to the bank yesterday the 10th to get the online access and since then, the money just stand at attention.
Did it have to take one full week after debiting my account to initiate the move? I kept calm because someone complained here before and he was told to calm down that his money is growing but mine did not grow
Experienced guys please help me understand better.
Download the app, input ur data or information if u hv them and u are gud to go
InvestmentRe: Mutual Funds by jujutom(m): 8:01pm On Oct 10, 2018
Buffalowings3:
A unit price for FIF 2 years ago was 1000
Now it is 1400.

TB doesn't come close..
Continue... sounds interesting
InvestmentRe: Mutual Funds by jujutom(m): 4:33am On Oct 03, 2018
jpphilips:
So they make 15.67% then remit just 11% to the fund owner, interesting! !
Is there a way to knw how much they make? Like how did u knw dey made 15.67?
European Football (EPL, UEFA, La Liga)Re: Arsenal Vs Watford (2 - 0) On 29th September 2018 by jujutom(m): 4:42pm On Sep 29, 2018
grin grin grin grin
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 9:42am On Sep 09, 2018
Mfunkynation:
thats the method am using in secondary market to get good rates at lower tenor
For real?
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 9:40am On Sep 09, 2018
alezzy13:
Wrong. All the rates are per year. So if the tenor period is less than a year you have to prorate it accordingly.
Thanks very much! Yu went straight to the point man
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 9:39am On Sep 09, 2018
Nnamz:
Initially I was going to ignore you because this question shows you haven't read previous pages of this thread. I'm just gonna answer it so that other lazy Nigerian youths like you don't repeat the question.

When you invest for 55 or 90 days at 10%, YOU ARE NOT GETTING THE FULL 10% for that investment. Divide 10% by 1 year (0.10÷364 = 0.00027). Times the result by the number of days, 55 in this case. That would give you 0.015. That means you're getting just 1.5% of that 100,000 investment.

A guy here said he read the first 300 pages of this thread. I did similar thing that is why I can say I know so much about tbills, not from reading a book or not because I work at a bank, but because I spent time here reading previous pages of this thread. PLEASE YOU GUYS SHOULD STOP ASKING QUESTIONS THAT YOU WOULD FIND THE ANSWERS TO IF YOU TOOK 20 MINUTES TO READ PREVIOUS PAGES OF THIS THREAD. ALSO ENOUGH WITH THE FIGHT. IF YOU ARE NOT HERE FOR INVESTMENTS, LEAVE THIS THREAD BEFORE YOU MAKE REASONABLE INVESTORS HERE LEAVE BECAUSE OF YOU.
Looolz thanks for the summary
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 11:47pm On Sep 08, 2018
Plz
Please i have a question
Isnt it better to invest on Tbills on a short tenure twice or more than to invest on a long tenure once ?
Example.... 55days or 90days at 10% than 210days or 360 days at 13%....?
Like 100k for example.... for 55days u can get ya 10k 3x and make 30k in 165day (55days x 3tyms) unlike doing 360days which is jst 13k?

Plz if i am wrong correct me just tinking out loud thanks
InvestmentRe: Treasury Bills In Nigeria by jujutom(m): 9:26pm On Sep 08, 2018
Please i have a question
Isnt it better to invest on Tbills on a short tenure twice or more than to invest on a long tenure once ?
Example.... 55days or 90days at 10% than 210days or 360 days at 13%....?
Like 100k for example.... for 55days u can get ya 10k 3x and make 30k in 165day (55days x 3tyms) unlike doing 360days which is jst 13k?

Plz if i am wrong correct me just tinking out loud thanks
InvestmentRe: Mutual Funds by jujutom(m): 9:48am On Sep 04, 2018
lgboks:
How do I calculate daily interest for stanbic ibtc mmf. I know their daily score is about 11%. But I still don't get how to calculate their daily added interest.
I was calculating 11% of 40000 = 4400 grin
Then realized am greedy
Looolz.... dat 11% is per year... so per month is like approx 1% which will translate to 90-100 per day depending on how much u hv
InvestmentRe: Mutual Funds by jujutom(m): 10:10pm On Aug 30, 2018
ukay2:
Am currently investing in two money investments ...money market fund and guaranteed investment fund......

...........for money market fund....minimum investment is 50k per each addition.
for guaranteed investment fund. ...minimum investment is 20k per each addition...

For the factsheet....Google their website and contact their customer care services. .for more information.

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