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Oludy's Posts

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Properties / Re: Corner Piece Building @ Osanyintola Street, Ijaiye Ojokoro For Sale by oludy: 1:29pm On Dec 27, 2023
Bump. Still available. Now N60m.
Investment / Re: Treasury Bills In Nigeria by oludy: 9:04pm On Feb 03, 2022
mymadam:


Yes

You could also try sending a mail to ask. I just did and got my allotment letter sent.
Investment / Re: Bonds Investors Hub by oludy: 3:54pm On Nov 03, 2021
oludy:
Hi all,

Does anyone know if there will still be a SUKUK Bond offer this year?

Thanks.

Investment / Re: Bonds Investors Hub by oludy: 4:47pm On Oct 26, 2021
Hi all,

Does anyone know if there will still be a SUKUK Bond offer this year?

Thanks.
Investment / Re: Treasury Bills In Nigeria by oludy: 6:11pm On Mar 03, 2021
My question: Will BDCs do a transfer to my DOM account if I wanted to convert naira to fx? Won't they need some form of documentation to ensure they are in line with CBN's policy?
Investment / Re: Eurobond by oludy: 12:22pm On Jan 22, 2021
ernie4life:
A little bird told me there may be a primary Euro-bond auction within Q1, 2021 wink

Thanks for the heads up. How we begin to position?

I learnt that the minimum amount to bid is $200,000 at the primary auction. How true is this?

If true, how can interested investors with lower than $200,000 take advantage?

How does the euro bond auction works? What would be required of a would-be investor?

Thanks in advance for your knowledge sharing.
Investment / Re: Treasury Bills In Nigeria by oludy: 3:24pm On Dec 16, 2020
talktrue1:
Sukuk Bond 3 first maturity is today. Has anyone received proceed

We dey wait oo.
Investment / Re: Treasury Bills In Nigeria by oludy: 7:42pm On Jul 24, 2020
Manwarrior55:


Thanks for this

Do you by any chance have the link to The richest man in Babylon?

I have heard a lot about the book and I feel like I’m the only one that hasn’t read that book

http://thediamondsmine.com/files/Ebooks/Clason-RichestManInBabylon.pdf

4 Likes 1 Share

Investment / Re: Treasury Bills In Nigeria by oludy: 3:11pm On Jun 30, 2020
emmanuelewumi:



Can you educate me on the various streams of income you have? It is advisable to have a minimum of 4 streams of income.



I really really like this analysis on the table with four legs!! Thanks!
Investment / Re: Treasury Bills In Nigeria by oludy: 3:10pm On Jun 30, 2020
emmanuelewumi:



Na wa you guys no want barbers to chop at all

cheesy cheesy cheesy

Like someone said earlier, na half plot remain.
Investment / Re: Treasury Bills In Nigeria by oludy: 2:42pm On Jun 30, 2020
IamR:

Just like me. 4 years counting.

Me, 8 years and counting.

2 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 2:37pm On Jun 30, 2020
ahiboilandgas:
If All rational investor refuse the unrealistic and peanut 4 percent and cbn issue tb and zero subscriptions they are force up raise rate ,manage inflations ....but now cbn is having a field day ....imaging get loans at 4 percent ...

Agreed. I moved to bonds. These T-bill rates makes no sense.
Investment / Re: Treasury Bills In Nigeria by oludy: 2:35pm On Jun 30, 2020
emmanuelewumi:



Can you educate me on the various streams of income you have? It is advisable to have a minimum of 4 streams of income.



Hmmm. Deep!!!
Investment / Re: Treasury Bills In Nigeria by oludy: 2:34pm On Jun 30, 2020
emmanuelewumi:
How can we make money while sleeping?




I suppose we first have to go through the grind before unwinding. We have to make money first (seed), invest and nurture it (plant and nurture) before we can enjoy the harvest.

5 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 2:31pm On Jun 30, 2020
ahiboilandgas:
am also aspiring to become a billionaire but at 4 percent it might not happen .....i also invest in fixed income at 11.3 ...my fixed income is my security...i dont take money out of it ......this my buffer against poverty and lack .....i have also stop expanding my fleets only replacement cos of stress ...but am learning stocks and i will use interest from sukkus to buy teir 1 banks ...example if i make 5m from sukku yearly i can use 1m to trade bank stocks ,dangote,mtn and the likes then 2m for buy land for reselling etc...

This is what i call striking a fine balance in the scheme of life. Health and Wealth together. Like they say, health is wealth.

5 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 2:28pm On Jun 30, 2020
Barrytone:


am touched but always scared of delving into ventures that will erase the numbers. I enjoy the volumes but you just stated the facts I like avoiding. my goal is to become a naira billionaire, the value of that billion irrespective. i will join you in mainstream biz when I retire and have my billion in the net. thanks for the education.

After all, how much can we spend. Enough for the day is the evil thereof. Las las, we go leave the rest of our wealth for our children noni. Who knows if they will be wise or foolish?

Wealth is not just financial, it is all encompassing and health (Physically and Mentally) is big component of that.

12 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 10:55pm On Jun 15, 2020
unite4real:


This afternoon

It was not an automatic letter. I sent an email to a fund manager in Lotus capital privately and he confirmed that I was successful.

I can confirm I had the same experience/feedback from Lotus after sending an enquiring about my bid.
Let’s put our mind at rest. Thanks for sharing Unite4real
Investment / Re: Treasury Bills In Nigeria by oludy: 1:17pm On Jun 14, 2020
emmanuelewumi:



Business is not for everybody, but investment is for everyone.

This should be cast on marble. Well said. We could even rename this thread with this quote!!!

9 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 3:06pm On Jun 10, 2020
Abbott:
I just learnt the settlement date for the Sukuk bond has been postponed as the bond was oversubscribed by multiples of the proposed size. New settlement date not yet known

Who else has any information on this.



Got the same vibes from a market report from Comercio Partners Limited.

I have not seen any official comms from DMO.

Investment / Re: Treasury Bills In Nigeria by oludy: 6:13pm On Jun 03, 2020

2 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 2:01pm On Jun 03, 2020
ojesymsym:
Fellow investors, I just played around with some calculations and I was shocked by the simplicity and result.

Assuming I am a civil servant and decide to commit to save 10k (ten thousand naira only) every month, at the end of the year I will have 120k (one twenty thousand naira) only. Assuming I decide to invest that money on a 10% investment per annum without stopping the 10k per month savings, that at the 35th year, around the time I am retiring I will be worth around 30 million?

With that kind of money, what is your business whether government or pension funds paid your gratuity or not. Just 10k a month o, not 20k not 100k not 1 million, just 10k, it is just crazy.

See attached sheet for details

I find the values difficult to believe, can someone else also do the calculation and confirm I did not make a mistake.

The power of compounding and patience. It's mind blowing.
I verified this using an online tool.

Thanks for this.

9 Likes 2 Shares

Investment / Re: Treasury Bills In Nigeria by oludy: 1:56pm On Jun 03, 2020
unite4real:


Hope u were able to redeem in due time

It ended in praise. So on Monday, June 1st, I put more pressure and was credited around 4pm.
I suspect they wanted to close their May balances healthy, though they claimed they had issues verifying my signature.

But I find that strange and unbelievable, because I used the same electronically signed PDF I had used in the past many times successfully.
Tops, I get credited in 2 days. Whenever I want to redeem, I just edit the amount and date.

Anyway, that's in the past now and I am porting over to United Capital. Stanbic's rates are ridiculously low anyway.

Then it was another issue at the bank on Tuesday (the last day of SUKUK offer). That's a story for another day.

All in all, I submitted before the offer closed and will see how the allotment goes next week. Thanks for checking.

1 Like

Investment / Re: Treasury Bills In Nigeria by oludy: 1:06pm On May 30, 2020
unite4real:


Why paper redemption. U would have been doing online on daily basis to accumulate the amount since last week

Daily online redemption from last week Thursday would still not achieve the target amount and will also be impacted by the holidays. The best option was the paper redemption. We will see.
Investment / Re: Treasury Bills In Nigeria by oludy: 5:45pm On May 29, 2020
Phyde:

You need to keep bombarding them with mails and screenshots grin

Thanks, i have been doing that oooo. I hope they come through sha. To clarify, it was a paper redemption and they said it is normally processed within 5 business days. I guess the public holidays this week contributed to the delay as well. But it has never taken this long since i have been with them. I will send another mail now. Monday is my last day to have a chance.
Investment / Re: Treasury Bills In Nigeria by oludy: 5:33pm On May 29, 2020
Stanbic IBTC mutual fund wan spoil show for me for this SUKUK. Trying to redeem my funds since last week Thursday and nothing up until now. I am sooooooo disappointed in their service this time. It has been great before now though. Are they trying to intentionally delay this so i miss out? Hmmmm. Anyone with escalation details? Maybe a senior staff? The customer care staff and my account officer have not been too helpful so far. I just need my money to meet the deadline.
Investment / Re: Treasury Bills In Nigeria by oludy: 5:30pm On May 29, 2020
Phyde:

This is my first time buying SUKUK but i am sure they will notify us by mail or sms. The fgn sukuk gurus can still enlight us on this.

Yes, you are right, you will get an allotment advice if successful. What happens if not successful? Never experienced that anyway. I guess you will be notified still and refunded.

2 Likes

Investment / Re: Treasury Bills In Nigeria by oludy: 10:00am On May 26, 2020
Business / Re: Fairly Used Bakery Equipment For Sale by oludy: 1:03pm On May 10, 2020
SOLD
SOLD
SOLD
Investment / Re: Treasury Bills In Nigeria by oludy: 7:34pm On May 08, 2020
rationalmind:


Why do guys get married to people they don't trust?

I have my wifes bank app on my phone, she has mine on hers, I can move money between both accounts as I please, she can also do the same. She has access to my ATMs, has my pins and I also have access to hers.

Our "joint" account is in mutual funds. We both have the login details and can fund/withdraw independently.

God forbid if any of us dies tomorrow, the other has total control over any money left behind.

Likeminds, marriage is about trust and love. If we can share the same bed, food, house, we might as well trust ourselves with money.

1 Like

Properties / Re: Corner Piece Building @ Osanyintola Street, Ijaiye Ojokoro For Sale by oludy: 8:05am On Feb 09, 2020
bump
Investment / Re: Treasury Bills In Nigeria by oludy: 5:19pm On Jan 19, 2020
Barrytone:
That advent is on DMO site, just seen it but cant paste here.

I have been pondering on this question. In 10 years, could we see an exchange of over N500 to a dollar? Any government that allows that would have thrown our country to the dogs. But then, looking back, 10 years ago, naira was exchanging at about N150 to a dollar. Now, it's circa N360. Any thoughts?
Investment / Re: Treasury Bills In Nigeria by oludy: 3:33pm On Jan 14, 2020
emmanuelewumi:




There is difference between Eurobond and Eurobond fund.

The Eurobond fund is a mutual fund, you can FBN Eurobond Fund with $2500.

Buying Eurobond directly on your own you will need minimum of $100,000 or more

Yeah i know. I thought so too. Maybe they increased the minimum for Eurobond to $200,000 recently. Thanks.

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