₦airaland Forum

expliciit:
Ernie4life, please can you enlighten me I bought sukuk bond : consideration was at #1075, for 4500 units, supposed I wanted to sale now , do I stand to loose part of my capital, I have held it for about 1 and half years now
Thanks

ernie4life:
That depends on the price at the moment.

expliciit:
Thanks , but how do I know the current price

ernie4life:
Ask your broker.

expliciit:
Thanks, I called I was told current price is 1149

ernie4life:
At that price if you sell now, you would make more profit.

ImperialCovfefe:
DMO bond re-opening offer

emmanuelewumi:
How should an investor have if he is interested in this

ImperialCovfefe:
Minimum amount is N5m

Akerewe:
Pls is this bond offer still available nd when is the closing date

ImperialCovfefe:
Minimum amount is N5m

emmanuelewumi:
Thank you.

Let us know when there are bonds with a yield of 16% in the secondary market.

I want to move 30% of my portfolio to bonds at the right price and yield. I currently have 5% in money market funds and 5% in fixed income funds.

ImperialCovfefe:
Check DMO’s website for info on the next re-opening

emmanuelewumi:
Thank you.

Let us know when there are bonds with a yield of 16% in the secondary market.

I want to move 30% of my portfolio to bonds at the right price and yield. I currently have 5% in money market funds and 5% in fixed income funds.

ernie4life:
There is going to be a eurobonds issue, if the do then rates will fall so the rates you see right now may be the best, I advise you start buying in tranches. Goodluck

Akerewe:
Oga pls enlightened us more. U said we should start buying now but d bond is closed na or any bond opening for now?

ernie4life:
Secondary market

emmanuelewumi:
Got this from Stanbic IBTC Bank today. With 100k you can buy FG bonds from the secondary market

DaBogu:
any email I can use to get across to them or a phone number to stanbic

emmanuelewumi:
Do you have an account with them?

You need to have a bank account with Stanbic IBTC Bank

DaBogu:
No, I don't buy it doesn't take forever to ooen an account.

emmanuelewumi:
Open an account, the customer service will attend to you.

emmanuelewumi:
AIICO Insurance is selling a product called salary for life.

With N120 million you will earn N1 million per month for life, with N12 million you will earn 100k per month for life.

The family of the man who invested N120 million will get N60 million when he dies, while the family of the man who invested N12 million will get N60 million when he dies.


Whereas the same fund invested in bonds at 13% with coupon pays spread over the 12 months, will give a monthly payments of N1.3 Million or 130k.

The family will still get 100% of the fund at the demise of the person.


That was how the person marketing the product left and was disappointed, after I gave her a superior argument