₦airaland Forum

feelamong:
You dont need a mountain of cash to diversify into all those assets..

modest Investments into all is OK..

although at the age we all are, the ideal thing is to put more into the more risky and aggressive investments.

Before now I did more of shares, but now i do more of Tbills and Dollars/bitcoins

incidentally since i finished my first property i have not invested into property again

zamirikpo:
i like the way u broke dis down, in my opinion, a youngster(below 35yrs), shouldnt think of tying down 20million in real estate if thats all the money he has, because an investment like NTB can double that some in 5yrs.....without any hassles(if rates remain constant or increase), even a profit of 8.6m in two years of NTB investment isnt bad, bearing in mind that u almost have to do nothing to earn it, plus the fact that u have all the time to do ur normal job.

u could actually invest prfits from ur NTB in real estate,while holding ur capital. so for now am routing for the money market.

its a matter of choice anyways.....

feelamong:
You dont need a mountain of cash to diversify into all those assets..

modest Investments into all is OK..

although at the age we all are, the ideal thing is to put more into the more risky and aggressive investments.

Before now I did more of shares, but now i do more of Tbills and Dollars/bitcoins

incidentally since i finished my first property i have not invested into property again

ukay2:
Oga feelamong ..what chibuzor be said on treasury bills and money market. ...you just maintain same cash flow. ...is true.
3 years ago, a friend of mine built 6 sets of room and parlour apartments with each N150k each year. ..I. e N900, 000 each year...the average cost of building the apartments was N10M .
He has collected N2.7m from rent so far......good Tennants...

With that N10M INVESTMENT in NTB for 3 years at say 18%, Gives you N5.4M...with total of N15.4M. ...do you know that this 15,4M will not build that 6 apartmentso today because inflation and and of building materials haverage increased upto 400%....like 16mm rod was then N1,800 but today is N5,000...

He is still enjoying his yearly Tennant fees and the price of the apartments and land has appreciated more than 100%.

Am just doing NTB now to preserve capital and catch up with inflation ...I always reinvest any little discount I get into my real estate investment. .....one should pray to have good Tennantstuff and enjoy the real estate.

unite4real:
you are correct that 13.5% of 100K is N13,500. That is interest per annum. Since the request for information was for 3 months which is a quarter of 1 year. you have to divide the N13,500 by 4 to get 3 month's interest and that's N3,375.

hope you understand now? @michael18

Paramount01:
So interest on 100k is 3375 for 3 month

unite4real:
there is rise in prices of commodities during inflation including the price of building materials and labour but one thing i do know is that the price of house rentals, houses and land go southwards. they don't rise because people make food priorities. The reason i usually advice that anyone that plans to build at this time of inflation should not do so. i will rather the person do TB and hope the economy stabilise, then building can start. My personal opinion though.

ukay2:
Oga feelamong ..what chuksfcbb said on treasury bills and money market. ...you just maintain same cash flow. ...is true.
3 years ago, a friend of mine built 6 sets of room and parlour apartments with each N150k each year. ..I. e N900, 000 each year...the average cost of building the apartments was N10M .
He has collected N2.7m from rent so far......good Tennants...and this tenancy fee can only go up...NTB may depreciate remarkably once nigeria is out of recession and the RzOI will depreciate drastically unlike real estate. ..

With that N10M INVESTMENT in NTB for 3 years at say 18%, Gives you N5.4M...with total of N15.4M. ...do you know that this 15,4M will not build that 6 apartmentso today because inflation and cost of building materials have increased upto 400%....like 16mm rod was then N1,800 but today is N5,000...

He is still enjoying his yearly Tennant fees and the price of the apartments and land has appreciated more than 100%.

For me...Am just doing NTB now to preserve capital and catch up with inflation ...I always reinvest any little discount I get into my real estate investment. .....one should pray to have good Tennants and enjoy the real estate. .....

Houstency:
Please Sir, how does the money market works?

zamirikpo:
the money market is simply TB,bonds, stocks,forex etc.........fixed deposits and others.

i stand to be corrected ooh...

Alikote:
wrong calculation u will input both interest and investment example 20 million naira generate around 4.4 milla peryear second year 5.3m 3 year 5.56. 4 year 6.3 by january 2019 your money is 41.5 million

while 20 million with generate 1.4 m max as rent that total of 5.6 m by jan 2019 your property has appreciated by 30 percent total is 31.6 m subject to finding a buyer for the house with recession is very difficult ,rent default,rent instalmental payment .absent of tenants,renovation cost ,ground rate the are odds while you can buy a land and it wouldnt increase in value if govertment dont build road etc that the odds that so we call it speculative

unite4real:
if you read my post very well, you are equally agreeing with me that doing TB now is the best and not building a house due to high cost of building which will not lead to high rental because during inflation, rents go down even when cost of building is on the increase. So what you have just posted was my advice as well not that it was a wrong calculation.

Mascotlawman:
Please what will be the interest rate of 500k for three months? I really want to go into this TBS ,as shares is not paying me anymore. And which of these banks will give me a better rate, GTB, ECOBANK, UNION BANK, Fidelity BANK? I will appreciate ur response.

Mascotlawman:
Please what will be the interest rate of 500k for three months? I really want to go into this TBS ,as shares is not paying me anymore. And which of these banks will give me a better rate, GTB, ECOBANK, UNION BANK, Fidelity BANK? I will appreciate ur response.

c3000:
Did you mean to type "interest" and not "interest rate"? This is why you are not getting an answer.

If you use the cut off rate at the most recent auction of 13.799% as your guide, assuming your bid was successful- In 91 days, you will earn roughly N17,200 as upfront interest.

Hope this helps!

chinnyonwu:
Hi bro/house., i visited 2 of my Banks yesterday. I told the guy i met at Keystone i wanted to buy some TBills going with the banks rates, The agent said They dont bid at all, that i should just submit my rate and they would send to CBN. And that i couldn't be sure of what i was saying about the rates being 13-17%.
He offered to help me fix my money at 9% interest rate. Unsatisfied i left to another bank.
At Ecobank, they said i cant buy TBills of 500k - 1m I specified. That its usually 10m and above. That i can fix the money with them instead.
My question is, is it me or that these customers care agents don't know what they are saying?

chinnyonwu:
Hi bro/house., i visited 2 of my Banks yesterday. I told the guy i met at Keystone i wanted to buy some TBills going with the banks rates, The agent said They dont bid at all, that i should just submit my rate and they would send to CBN. And that i couldn't be sure of what i was saying about the rates being 13-17%.
He offered to help me fix my money at 9% interest rate. Unsatisfied i left to another bank.
At Ecobank, they said i cant buy TBills of 500k - 1m I specified. That its usually 10m and above. That i can fix the money with them instead.
My question is, is it me or that these customers care agents don't know what they are saying?

unite4real:
if you read my post very well, you are equally agreeing with me that doing TB now is the best and not building a house due to high cost of building which will not lead to high rental because during inflation, rents go down even when cost of building is on the increase. So what you have just posted was my advice as well not that it was a wrong calculation.

Mascotlawman:
I was at Gtb yesterday to enquire about TB, I was told that they can do 16% to 16.5% . That it depends on CBN rate that they are not the one that set the percentage rate.

I was told to only write an instruction and drop at the customer service and they will forward to my account officer and I should make sure that all the money I want to invest is in the account.

So please I have not done this before, this is my first time. Please what is the FORMAT for writing the instruction? Pls ur help is needed.

chinnyonwu:
Hi bro/house., i visited 2 of my Banks yesterday. I told the guy i met at Keystone i wanted to buy some TBills going with the banks rates, The agent said They dont bid at all, that i should just submit my rate and they would send to CBN. And that i couldn't be sure of what i was saying about the rates being 13-17%.
He offered to help me fix my money at 9% interest rate. Unsatisfied i left to another bank.
At Ecobank, they said i cant buy TBills of 500k - 1m I specified. That its usually 10m and above. That i can fix the money with them instead.
My question is, is it me or that these customers care agents don't know what they are saying?

c3000:
Did you mean to type "interest" and not "interest rate"? This is why you are not getting an answer.

If you use the cut off rate at the most recent auction of 13.799% as your guide, assuming your bid was successful- In 91 days, you will earn roughly N17,200 as upfront interest.

Hope this helps!

40manlappy:
Hello house, any recommendations for 364 day bills for this week's auction?

feelamong:
would rather wait till close of business on Monday to see what the secondary markets are up to first and also see if there will be any more OMO or not