₦airaland Forum

DonFreshmoney:
I applied for TBills last Wednesday for over 20m.. but the money bounced back to my account.. why is it so? This is the first time my money returned to my account in my 12+ years of Tbills..

Can anyone tell me why?

Perhaps your bank's bid was unsuccessful

dejiotus:
Stanbic IBTC account number to fund the Stanbic IBTC Dollar Fund is 0034131849. There is a charge of about 20 dollars if someone makes the transfer via the Standard Chartered account

A whole $20 (7200) as transfer fee? How much is the return? If the return is around 6% on $1000 or a paltry $60 per annum, it means that your net return is $40 (14,400)

But for currency fluctuations, long term savings against school fees or childbirth abroad, this this a poor investment option

oluwaleokey:
Hi guys
While brainstorming with a colleague at the office, on the way forward, i mean side hustles to compliment salary... i mentioned to him about Tbills and other mmf info i have learnt here (my guy was looking at me like, see this guy o, which day u turn to financial analyst expert)

Surpringsly, in order to measure up with my knowledge...he said he wants to start trading Bitcoin, infact that he has arranged for an iphone for this very purpose...he shared plenty testimonies of some guys he met, how successful they have all become blah blah... that it is more lucrative than all the tbills, mmf etc put together...

I felt rubbished but honestly asked him... are you sure the bitcoin whatever is not yahooing in disguise.
He said information is power...

Sorry for digressing guys
Can someone in a nutshell explain the bitcoin stuff for me.
Is it truly lucrative?
What of risks attached?

Have been thinking... since he said information is power.
If its worth it then i don't mind to venture into the bitcoin biz.
Elders and gurus in the house
Plz advise
Thanks

What's doing you is FOMO. fear of missing out

As it stands, cryptocurrency trading is purely speculation. No underlying assets, no underlying cashflow, nothing. Nothing but the belief and sentiments of a tiny proportion of humanity. As a store of value, it is volatile and thus unreliable. This is what makes it trade-able. As legal tender, acceptance is limited but with potential for growth if supported by the major central banks. Such support isn't really there currently. Even Facebook's Libra currency project isn't going so well for now.

That said, it is arguably the new frontier of financial innovation. Sooner or later, the kinks will be worked out. Efforts are on, globally, to regulate cryptocurrency and leverage on the underlying Blockchain and distributed ledger technology to improve payment systems and record keeping. Countries are looking at creating fiat cryptocurrency or state backed cryptos

Anyway, some people seem to have mastered the art of speculation (Jump in Jump Out). Perhaps you can, albeit with potentially heavy losses (school fees). If your risk appetite is high, you have loose money and will continue to have money to spare plus you're willing to take heavy losses for the possibility of heavy gains, learning the ropes may be worth it. Maybe you can act as a broker. Buy from people who have to sell and sell to those looking to buy. Kinda like what a BDC does for FX.

ibechris:
Since I was born down to this very day of my existence,I have never met a rich teacher.
Surprisingly, in my 4th year in the University in one of our real estate finance classes,i interjected and boldly asked my lecturer an intelligent lady then,and i said ma, can u teach us how to make money with the application of this course.

Trouble:
She went beserk and said it boldly,I am not hear to teach u and others how to make money,if u want to make money that I should go learn a trade or do something that will give me money.

Since then, I knew no one will teach u how to be successful except u (yourself). It is not about making the money but preserving it by taking certain investible risks. [b]Most educated people in Nigeria are afraid of taking risk,[/b]that is why u see these men in business doing well especially these Igbo guys who usually go through years of learning a particular trade and most end up doing so well. It is not about school but mentoring and being able to apply what u have been taught.

They're bold when it comes to executing fraud and inflating invoices. It's not restricted to the public sector. It's a problem with several variables. Some folks see mentees as potential competitors

singletech:
OK thanks, arm is backup by which bank?

No bank

faoogoke:
Thank you. The reason I invested in the Bond fund was that its advertised interest rate of around 10.3% is higher than their MMF of 7.2%. So I decided to go for bond fund.
The reason why I am a bit surprised at your submission because they advertised an interest rate of over 10% which would imply increase in my funds not decrease.
The finally got back on my email and WhatsApp inquiry that they were sorry about the inconvenience and would get back to me as to what happened to my account.
I am still awaiting.

What was the offer price of each unit when you invested. Compare that to the offer price now and calculate the percentage difference

faoogoke:
Thank you for the explanation.
But are you saying that my capital is not preserved?
Do you also suggest I pull my money to money market mutual fund

No, capital isn't. You can have gains and losses if the value of the underlying bonds rises or falls. I'm not sure if their bond fund pays interest or adds the interest to your NAV. Please find out.
I can't say which is better. If you can't stand a loss, maybe an MMF would be better. The low rates won't be here forever.

Perhaps Mr emmanuelewumi and emmasoft can proffer advice on this.

faoogoke:
I don't understand what's up with United Capital PLC.
I placed N1,000,000 in their bond fund just over a week ago.
Each time I check not one kobo accrued as interest.
Only for me to check this afternoon and almost N10,000 has been wiped from my account balance.
I thought my capital should be preserved in a bond fund.
I sent WhatsApp message to customer care. They read but are yet to respond.
I have been calling Customer care but no one is picking my call.
I also sent email, and I am still awaiting response.
Can't one do business with these people and hold them to their word?

The net asset value of the bond fund fluctuates from day-to-day. It's traded and marked to market. I'm not sure it pays interest until perhaps mid-year or year-end. Or whether they do at all. You have to find out when they pay interest. On the flip-side, it can rise beyond the price at which you bought it

It's unlike an MMF where the unit price is fixed at N100 and all the interest less fund expenses is paid out quarterly.

delawal:
keep deceiving yourself . audio oil and gas

This isn't necessary. The man says he doesn't want your advice and you're taunting? Even if you had a valid point, this here negates what you put out.

akinola98:
Please does anyone know when the Sukok bond 2025 interest will be paid Last was paid in June I believe
Thanks

Probably on the last business day of the year?

emmanuelewumi:
I know a guy of about 45 years old, who teaches in one of the International Schools in Lagos whose financial assets in equities, Treasury Bills, Bonds, Eurobonds etc was over N30 million as at 2018.
Although the guy started investing when he was in the University .

Millionaire next door.

emmanuelewumi:
He can't work on Island alone, a rider can book him from Lekki to the Airport, from Airport to Festac, Festac to Ikorodu, Ikorodu to Gbagada etc

I think he still has the option to decline those trips if he so desires

Willie2015:
Dont forget to look at the premium you are paying for the bond

Hence the focus on offer yields

jslimz:
The holidays have began, and the proceeds of investment will be flexed. If there's surplus to be flexed, Mbok Hola.

Page 1001: present sirs.

Let's flex your own na.

chigo4u:
They don’t have branches outside the ph, Lagos and abj why

This question ehn....e get as e be. Is he on the Board? Is he a shareholder? Nnà na wa o

Nakedman:
No doubt majority of Bank staff have no knowledge about TB. I walked into Zenith Bank today to inquire about MMF but unfortunately they have no idea what it meant. I had to walk out of the bank.. Isn't that shameful? Back to Access Bank Tbills website, since the CC is able to verify the authenticity of the website, there is no cause for Alarm!

I doubt that the bank has an MMF. Maybe a subsidiary. Could be wrong sha

igbizen:
Alarm can only be raised by a victim. No body wants to be that victim. �

RealityShot:
anybody that uses that link ^,
your mumu have ripe!!

go to the bank!

remember "super sponsor chukky" of mmm? Fake copycat websites can be made ...!!!

good luck with your cash

I beg to differ. We do not have the same risk tolerance. People tried i-invest despite the naysayers didn't they? Besides, what if your assessment of the risk associated with these platforms is overstated? Can't your money be stolen from your bank account too?

Haven't folks complained about banking services rendered directly? Eg suppressed investment, attempt to convince you to do FD instead of NTB, failed bids etc. I-invest and co help avoid all that

My point is, both channels (bank and fintech) have risks. Decide on the risks you can bear and choose the channel that is the best fit for you

RealityShot:
anybody that uses that link ^,
your mumu have ripe!!

go to the bank!

remember "super sponsor chukky" of mmm? Fake copycat websites can be made ...!!!

good luck with your cash

No nahh! It was mentioned on the thread ages ago maybe last year or 2017. I think it was in beta then. It's owned by Access Bank. That they've not done a good job of advertising it doesn't make it a spoofing site

I'm pretty sure that if it was fraudulent, an alarm would have been raised here

mickel00:
You are correct sir!

AB MFB?

feelamong:
I recently invested some funds in an Infrastructural Money market fund. The yield is up to 15% per annum.

Anyone interested can hit me up and i will give directions.

The fund owners (A firm registered as Asset Managers by SEC) insist that its a Private fund and as such should not be advertised in any public forum

Interested

zanga420:
TB nosediving everyday. It will get better sha.
Sorry this is off topic, how can I stop voice notes automatically downloading on my Whatsapp. I have disabled media autodownload and all, yet no headway.

It can't. You'll see this message in the data and storage usage section in WhatsApp settings: "They are automatically downloaded for The best communication experience"

emmanuelewumi:
Just got another money market fund from FSDH Asset Management at 12.2%. The returns will fluctuate between 10.5% and 12% for the next 4 months until when their Treasury Bills mature

What's their expense ratio and management fee?

chloride6:
You are quick to mention that banks can buy OMO Bill's. but you forget that they are currently being heavily penalised for low loan to deposit ratio..

Its is your responsibility to do due Diligence before Investing, people who bought GTB and Dangote are not crying, so stop making it sound like the while market is flawed..

You bought GTB at N50 now it's N26 or so and they won't cry? Lol