₦airaland Forum

so in the long term speculate ....buy good land in developing area ...study the development projection (dont build to rent waste of time) open dorm account keep some dollar ,buy long term bond ,they invest in tb also do small bussiness ....this is the mix to get rich (safely) nb a land bought for 720k in 2004 was sold for 10 million naira in 2013 :that over 1000 percent

awesomeJ:
I think Mr Alikote has a similar mindset to those of the DMO guys. Like them, he feels peeps who don't have huge funds to invest should not partake in t-bills. So in his opinion, if I'm a young bachelor who has a day job from which I've been able to save say 720,000.00 in a year, I should quit my day job to go buy keke with the funds, but I should never consider T-bills investment simply because my returns would not be huge. Two things he should however know are 1. Most people who do t-bills do it for passive income, and so they are often comfortable with whatever returns the investment brings. 2. Most peeps here for whom your advice might be intended are smart enough to weigh their options and take decisions, and so they'd rather say "no thanks" to the help you're offering.
I think a third one would be for you to realise that we don't expect our huge capital to fall from heaven, we rather want to consistently grow them from wherever they're at, and at whatever pace we can.

True

Alikote:
u still be learner for money market u be yesterday u start tb but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb

You are right.

But u need to understand that there are different classes of people.
1. Businessman like u have d time to manage a business. Demerit is dt u can lose all or part of ur money hence risk is high.

2. Investors like us dont have time- I work 20hrs a day in 2 hospitals n I dont trust my shadow so I hv stopped starting businesses I cant finish.
Now I hv options :
A. Leave money in savings account because I hv beef with t- bills.
B. Take a risk n start a business and see how it goes.
C. Invest in Tbills n have peace of mind.

....u can help me with oda options.

Alikote:
u still be learner for money market u be yesterday u start tb but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb

The downsides of trying to do start and do a business in Lagos are the several levies and taxes that you have to pay from Area boys to union to Local government and to state. You start something small, the thing you are being bombarded to come and forcefully join unions/associations where some lazy people that call themselves Chairman, Secretary and whatever will come and be collecting one levy or another. If you fail to comply, you are threatened or frustrated out of the business.

NL1960:
The downsides of trying to do start and do a business in Lagos are the several levies and taxes that you have to pay from Area boys to union to Local government and to state. You start something small, the thing you are being bombarded to come and forcefully join unions/associations where some lazy people that call themselves Chairman, Secretary and whatever will come and be collecting one levy or another. If you fail to comply, you are threatened or frustrated out of the business.

Lagos is not the only part in nigeria ...open your mind

Alikote:
Lagos is not the only part in nigeria ...open your mind

So because i want to do for instance cement business on the side instead of TB, i should relocate from Lagos to another part of the country or what?. Iam sure you will say that i should put somebody to manage it and i hope you know that in Nigeria, once you do not supervise and monitor your business, you are doomed.

Alikote:
u still be learner for money market u be yesterday u start tb but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb

You are full of theories. U need to setup a talk show. Practical is the real deal. If this is the kinda profit you make from cement business and you claim to average 1,800 bags in a month, so what are you doing on this thread. Again, I expect by now you should have concentrated and opened up branches everywhere in Abuja because na only you dey sell cement. The market belong to you alone. Do you know the meaning of the word competitions? I know guys that do thanksgiving for selling 400 bags in a month. I know you will say they are lazy. Your analysis is the case of chicken buyer and chicken seller. The seller brings out the chicken for sale and spread the wings while holding it and said, " oga this chicken is big and it goes for N3,500". The buyer collected the chicken and closed the wings and said " Haba this chicken is small now. Can you sell it for N2,000?".

I have a friend that said if he gets N800,000. He will buy an 18 seater bus for business from kubwa to Berger in Abuja. One passenger is N150. If he loaded 18 passengers, he gets N2,700. One round trip in one hour will be N5,400. 10 round trips in a day will be N54,000. In one month, he will make 1.6 million naira, enough to buy 2 more buses. By the end of the year, he would have bought about 20 buses. Big man don start be that because na only him dey market to sell.

Please tell us another story.

Please someone advice me on how to invest 1miliion naira.

vacanci:
You are full of theories. U need to setup a talk show. Practical is the real deal. If this is the kinda profit you make from cement business and you claim to average 1,800 bags in a month, so what are you doing on this thread. Again, I expect by now you should have concentrated and opened up branches everywhere in Abuja because na only you dey sell cement. The market belong to you alone. Do you know the meaning of the word competitions? I know guys that do thanksgiving for selling 400 bags in a month. I know you will say they are lazy. Your analysis is the case of chicken buyer and chicken seller. The seller brings out the chicken for sale and spread the wings while holding it and said, " oga this chicken is big and it goes for N3,500". The buyer collected the chicken and closed the wings and said " Haba this chicken is small now. Can you sell it for N2,000?".

I have a friend that said if he gets N800,000. He will buy an 18 seater bus for business from kubwa to Berger in Abuja. One passenger is N150. If he loaded 18 passengers, he gets N2,700. One round trip in one hour will be N5,400. 10 round trips in a day will be N54,000. In one month, he will make 1.6 million naira, enough to buy 2 more buses. By the end of the year, he would have bought about 20 buses. Big man don start be that because na only him dey market to sell.

Please tell us another story.

see your life u said i have a friend that says if ......me is me that is runing it and seening my profit so na your still dey story level

This Alikote still doesn't get that people "investing" in tb mostly see it as a more profitable savings account. Most tb buyers have their businesses or regular jobs, they only put their idle profits/savings/salaries/etc in tb, instead of a regular savings account that wont yield any significant interest.

Alikote:
u still be learner for money market u be yesterday u start tb but for other to learn let me explain i ran a cement distribution outlet in abuja before price went up i normally buy 900 bags @1650 and sold @1800 that a spread of 150 gross at the shop less 50 cost of sale am left with 100 net profit my over head is very low cause there no need for electricity in a cement shop ...i normally sale around 1800 permonth on the average and give me a net profit of 180 k monthly on and investment of 1.45m the 50 naira cost of sale generates 90 k permonth this cover salary of sale boy and shop rent on a good month order for a truck do come in and generate instant 90 k no stories ...so why will i put 1.45m in tb @18 percent per anum while i can get 180 percent per anum ...nb u think dangote ,adeguga,otedola and million of igbo traders dont know about tb

Have you considered the fact that you actually need to invest time in running a business but for tbills, you need no time investment. Business also has higher risk of failure than tbills. U as a business man needs to incorporate the value of your time when counting your cost of doing business

SamReinvented:
This Alikote still doesn't get that people "investing" in tb mostly see it as a more profitable savings account. Most tb buyers have their businesses or regular jobs, they only put their idle profits/savings/salaries/etc in tb, instead of a regular savings account that wont yield any significant interest.

this alikote need research data to confirm it that most tb people have some other work not imaginary

unite4real:
Your analysis is biased on the spike in inflation.

What if spagetti price drops to N150 when economy improves.

do your analysis again. this time use 5 years TB and make sure you are fair with the interest rate. Your analysis seems to be 14%. I believe you know that spagetti was between N100 - N120 in 2012. Between 2012 and now, spagetti must have increased by 66%. If you understand what true yield is, you will agree that in 5 years, TB will net you between 90% to 100% of principal.

The long term goal is important to me more than what transpired in the last 18 months.

Thank u jare. @alikote is stressing dis tin like we don't do business. TB funds for me r funds waiting to be used, while am planning on what or how to use d funds....Tb is d best place for it

@samreinvented @yomi007k @jesusbabygirl . u guyz hv said it all, as if businesses don't crash, as if competition is not stiff as if everyone is cut out for business. Some of us r saving up to afford d cost of expansion.

Dangote in the making

Alikote:
so in the long term speculate ....buy good land in developing area ...study the development projection (dont build to rent waste of time) open dorm account keep some dollar ,buy long term bond ,they invest in tb also do small bussiness ....this is the mix to get rich (safely) nb a land bought for 720k in 2004 was sold for 10 million naira in 2013 :that over 1000 percent

baba see the way u just dey beautify speculation, speculation is more like legitimate gambling.
as at 1990-1991, a plot of land was bought at OPIC Agbara at about 100k/plot.

with this your analysis, one would expect that a plot of land there would coat tens of millions in 15years but na lie. the land which is over 25years old from when bought is just within the range of 2-4m/plot presently.

because u bought a land 10yrs ago and now it has appreciated times ten doesn't mean it will always happen like that everywhere...I used Opic agbara as an example.

speculation is fuckin.g dangerous, telling people to store money in their dorm account for cash rewards in the future is dangerous, we have seen how the exchange rate has crashed these few weeks and if conditions surrounding it gets stronger and CBN continues defending it, speculators will have thier hands burnt like it is presently.

Also telling people not to build to rent is a very flawed idea. People should be investing for cash flow (let this sink in)
Renting @ property gives you cash flow which should be the no1 priority of any investment. Infact according to the land laws its actually an offence to leave a land fallow for two years in Lagos(this isn't enforced anyways)

so why should I go around buying up lands up and down all for speculative purpose when I can erect a structure and earn a decent cash flow annually or monthly?

Do you know what could happen To you tomorow, one could be disabled from an accident or have a life threatening disease that will put you out of work for good, then what next?
Its that investment that generates cash for you daily, monthly or annually that will keep you going(feeding, upkeep and expenses in general etc). You have been making good points tho, not until this comment you popped out

Hello house, Good day. This will be my first time commenting on this thread.
I am new to this Treasury bills thing.
I really want to invest on it this month....
I don't know how to go about it and is it only a minimum of a 100k that can be invested? Can't I invest below that?

zamirikpo:
Thank u jare. @alikote is stressing dis tin like we don't do business. TB funds for me r funds waiting to be used, while am planning on what or how to use d funds....Tb is d best place for it

@samreinvented @yomi007k @jesusbabygirl . u guyz hv said it all, as if businesses don't crash, as if competition is not stiff as if everyone is cut out for business. Some of us r saving up to afford d cost of expansion.

zamirikpo, i am with you jare, everybody can not be doing business, we all have one or two things that bring money to our tables. My idle fund is in TB instead of leaving it in my savings account that will bring less or nothing. I started TB with 6 digits and it has grown to 8 digits. Do you expect me to leave what i am doing for another unknown and risky business? When i started TB some years back, a friend advised me to buy cabs for town service that they will fetch more money than TB...that was the greatest mistake i ever made. Do you know that some of my landed properties were bought with the profit i made in TB and i still have my money intact?

chukzyfcbb:
baba see the way u just dey beautify speculation, speculation is more like legitimate gambling.
as at 1990-1991, a plot of land was bought at OPIC Agbara at about 100k/plot.

with this your analysis, one would expect that a plot of land there would coat tens of millions in 15years but na lie. the land which is over 25years old from when bought is just within the range of 2-4m/plot presently.

because u bought a land 10yrs ago and now it has appreciated times ten doesn't mean it will always happen like that everywhere...I used Opic agbara as an example.

speculation is fuckin.g dangerous, telling people to store money in their dorm account for cash rewards in the future is dangerous, we have seen how the exchange rate has crashed these few weeks and if conditions surrounding it gets stronger and CBN continues defending it, speculators will have thier hands burnt like it is presently.

Also telling people not to build to rent is a very flawed idea. People should be investing for cash flow (let this sink in)
Renting @ property gives you cash flow which should be the no1 priority of any investment. Infact according to the land laws its actually an offence to leave a land fallow for two years in Lagos(this isn't enforced anyways)

so why should I go around buying up lands up and down all for speculative purpose when I can erect a structure and earn a decent cash flow annually or monthly?

Do you know what could happen To you tomorow, one could be disabled from an accident or have a life threatening disease that will put you out of work for good, then what next?
Its that investment that generates cash for you daily, monthly or annually that will keep you going(feeding, upkeep and expenses in general etc). You have been making good points tho, not until this comment you popped out

you people are rapping up things i make money monthly from tb i was suggesting to a guy that complained his profit was too small

Alikote:
so in the long term speculate ....buy good land in developing area ...study the development projection (dont build to rent waste of time) open dorm account keep some dollar ,buy long term bond ,they invest in tb also do small bussiness ....this is the mix to get rich (safely) nb a land bought for 720k in 2004 was sold for 10 million naira in 2013 :that over 1000 percent

Well done . Can the dorm account open in any bank? How many dollar can one use to open the account ? Can one get good profit in dorm account ? .

Agbaletu:
zamirikpo, i am with you jare, everybody can not be doing business, we all have one or two things that bring money to our tables. My idle fund is in TB instead of leaving it in my savings account that will bring less or nothing. I started TB with 6 digits and it has grown to 8 digits. Do you expect me to leave what i am doing for another unknown and risky business? When i started TB some years back, a friend advised me to buy cabs for town service that they will fetch more money than TB...that was the greatest mistake i ever made. Do you know that some of my landed properties were bought with the profit i made in TB and i still have my money intact?

Exactly my point , by God's special grace I hv started developing a plot, am sure my engineer would be very pissed at d slow pace of work,why, because am using only my interest to put something on ground . My initial funds is still very much intact.

I save and spend at dsame time.(((NB,saving is for a greater good, dangote didn't get rich by saving but am sure he did save up ,at some point to enable him fund bigger deals)))

chukzyfcbb:
baba see the way u just dey beautify speculation, speculation is more like legitimate gambling.
as at 1990-1991, a plot of land was bought at OPIC Agbara at about 100k/plot.

with this your analysis, one would expect that a plot of land there would coat tens of millions in 15years but na lie. the land which is over 25years old from when bought is just within the range of 2-4m/plot presently.

because u bought a land 10yrs ago and now it has appreciated times ten doesn't mean it will always happen like that everywhere...I used Opic agbara as an example.

speculation is fuckin.g dangerous, telling people to store money in their dorm account for cash rewards in the future is dangerous, we have seen how the exchange rate has crashed these few weeks and if conditions surrounding it gets stronger and CBN continues defending it, speculators will have thier hands burnt like it is presently.

Also telling people not to build to rent is a very flawed idea. People should be investing for cash flow (let this sink in)
Renting @ property gives you cash flow which should be the no1 priority of any investment. Infact according to the land laws its actually an offence to leave a land fallow for two years in Lagos(this isn't enforced anyways)

so why should I go around buying up lands up and down all for speculative purpose when I can erect a structure and earn a decent cash flow annually or monthly?

Do you know what could happen To you tomorow, one could be disabled from an accident or have a life threatening disease that will put you out of work for good, then what next?
Its that investment that generates cash for you daily, monthly or annually that will keep you going(feeding, upkeep and expenses in general etc). You have been making good points tho, not until this comment you popped out

what of land bought in lekki in the 90 how much is wort today? what happen to the tb and bond held by iraq,libya,syria yemen govt u
think they still pay ...didnt u know that Greece default on it treasury bills and bond payment ,Cyprus also, etisalat also defaulted twice on there commercial paper

zamirikpo:
Exactly my point , by God's special grace I hv started developing a plot, am sure my engineer would be very pissed at d slow pace of work,why, because am using only my interest to put something on ground . My initial funds is still very much intact.

I save and spend at dsame time.

that what am saying diversify your portfolio ,land ,tb,bonds sme,fixed deposit dorm accounts

Alikote:
that what am saying diversify your portfolio ,land ,tb,bonds sme,fixed deposit dorm accounts

That is the point!

Treasury bills are good investment vehicle.

BTW see this genuine Nigerian investment company that pays you daily @ www.empowerng.com
With live proofs

ihedioramma:
Well done . Can the dorm account open in any bank? How many dollar can one use to open the account ? Can one get good profit in dorm account ? .

dont buy dollar now the price not stable keep your eyes on crude prices,nigeria production and cbn intervention etc i bought at 365 and sold at 410 with just 2500 dollar i made 112 k within a week...dont put plenty money unless u getting at 305

yomi007k:
You are right.

But u need to understand that there are different classes of people.
1. Businessman like u have d time to manage a business. Demerit is dt u can lose all or part of ur money hence risk is high.

2. Investors like us dont have time- I work 20hrs a day in 2 hospitals n I dont trust my shadow so I hv stopped starting businesses I cant finish.
Now I hv options :
A. Leave money in savings account because I hv beef with t- bills.
B. Take a risk n start a business and see how it goes.
C. Invest in Tbills n have peace of mind.

....u can help me with oda options.

save up via tbs ,bonds and plan your exit from employee doctor runing up and down to owner of a hospitals ... u can achived that with 10 years owner of regginton, laggon hospital are also humans this can be u ...we can even invest through credit notes @15 percent if your roi is nice

Agbaletu:
zamirikpo, i am with you jare, everybody can not be doing business, we all have one or two things that bring money to our tables. My idle fund is in TB instead of leaving it in my savings account that will bring less or nothing. I started TB with 6 digits and it has grown to 8 digits. Do you expect me to leave what i am doing for another unknown and risky business? When i started TB some years back, a friend advised me to buy cabs for town service that they will fetch more money than TB...that was the greatest mistake i ever made. Do you know that some of my landed properties were bought with the profit i made in TB and i still have my money intact?

u where a learner then ....u could have given it out on hire purchase that the smart investor ranking in 40 percent on the investment then spread over 24 months any bridge of term your cab is back to u ensure u sale after3-4 year max cos of deminshing returns

Alikote:
save up via tbs ,bonds and plan your exit from employee doctor runing up and down to owner of a hospitals ... u can achived that with 10 years owner of regginton, laggon hospital are also humans this can be u ...we can even invest through credit notes @15 percent if your roi is nice

Sure boss....dts part of d plan.

You guys should stop chatting this @alikote guy. All his analysis has put treasury bills at the back of priority. I wonder what he is doing on this thread if he has what is best for him. Imagine him comparing Etisalat default to that of FGN.

Everyone is a learner except him, yet he is on this thread to decimate the number of people doing what is going on well for them. Everything he does, he doesn't compete with people. He is the only business magnate so everything turns to gold. There is no risk in what he does, yet he sells up to 1,800 bags of cement during raining season. In patience Jonathan voice "na only you wake come".

He talks of land in Lekki 20 to 30 years ago. That is simply in relation to his present status. Who says that even 20 years ago, it was that easy to own property there. Na only Lekki dey for map. He doesn't even know that government policy alone has reclaim so many lands even in Abuja. I have a land bought for under 1 million naira 6 years ago. Development yet to catch up up to now. Even to sell at 800k, buyers no dey.

My immediate younger brother gave out 3 Keke napep to someone on high purchase. He invested 1.35M naira. 14 months gone, one story or the other. One of the Keke is now a write off.

But in the world of Alikote, once you invest in transport business, money rolls. No accidented vehicles among the fleets. No fatality on the part of the drivers. Insurance nko, for where. No routine maintenance sef. Just multiply daily income by 365 and you know what will be in your bank by the end of the year. This is because all the passengers queue at his own vehicles. What a perfect world.

Why didn't he buy land in Maitama and Asokoro in the 90s too. For the sake of this argument, he might say the has land in such places just to further give us that perfect picture.

In the name of God, I come against anyone that will derail me from my found love for TB and Bonds which has solved major challenges for me.

There is no one that has a perfect picture of the kinda profit he makes from cement business that will do treasury bills. Who no like bigger money.

Do you think the likes of otedola, dangote and adenuga do treasury bills? What they are into, pays them far more. So what is Alikote doing on this thread when all the perfect business he has pointed gives over 100% of principal when treasury bills gives far less. He is simply acting movies. He is the script writer and every other person is just a learner.


Alikote is living in utopian. simple.

I am planning to invest with First bank on April 19 Auction

I was at their branch today to inquire. They mentioned Secondary market, Transaction Fee , Commission of 0.125% and Custodian Fee of 5% of the overall investment.

The custodian fee is new to me as I cant remember reading about it in any of this 248-page thread.

I was told today is the best day to submit form due to Friday and Month Pub Holidays.


I intend going back to the bank later in the day.

TBills Experts in the house, please kindly provide further details on the custodian fee.

Thanks

Alikote:
what of land bought in lekki in the 90 how much is wort today? what happen to the tb and bond held by iraq,libya,syria yemen govt u
think they still pay ...didnt u know that Greece default on it treasury bills and bond payment ,Cyprus also, etisalat also defaulted twice on there commercial paper

bro you are shifting the goal post, i was particular on the speculative purpose you were strongly promoting here.
I didn't compare Nigeria's tbills or bonds to other countries and I don't see the relevance of you bringing that up here. What business is it to us if Iraq defaulted, tbills globally are regarded 99.9% risk free and Nigeria hasn't defaulted since inception according to my findings.
in the 90s, some people bought land at ikorodu, lekki or even festac but the rate at which value appreciated was different across the areas. That u bought a land 1naira doesn't mean it will cost 20naira in the next ten years or even 30yrs, its no guarantee. its all speculation!!! I have used opic agbara as example
Before professing investment ideas to people, you should ask then
- How much risk can you take?
- How long are you willing to invest? (short/long term)
- How much interest rate are you looking at annually?

You keep mentioning transport business as if it was cheese cake, to run a keke biz or bus biz is an active work oh. Giving out your keke/bus in return for daily return is very burdensome. infact most people into the bizness will advice that u drive the bus/keke instead of giving it out.

too many dishonest people out there, its one story or another not forgetting the risk of an accident.
I come from a well grounded bizness family(SME tho) and I don't know why u make it seem bizness is all rosy because its not...

As an importer u can lose 10million naira in just one container, its that volatile.
Yes business pays better returns than debt instruments but can you stomach the risks involved?

I can go on and on and on, Tbills has saved life's, my family included. If most Nigerians who run savings account knew of treasury bills, I am optimistic that majority will refuse to keep thier money in the bank savings account....most will opt for tbills seeing how risk free it is.

amjustme2:
I am planning to invest with First bank on April 19 Auction

I was at their branch today to inquire. They mentioned Secondary market, Transaction Fee , Commission of 0.125% and Custodian Fee of 5% of the overall investment.

The custodian fee is new to me as I cant remember reading about it in any of this 248-page thread.

I was told today is the best day to submit form due to Friday and Month Pub Holidays.


I intend going back to the bank later in the day.

TBills Experts in the house, please kindly provide further details on the custodian fee.

Thanks

secondary market means u will be buying from the bank I.e the bank will sell to you from the thier own investment already made. if they invested tbills at 17% 364days for instance, the secondary market means they could offer u 15% 364days from that investment they made earlier, so its not fresh like the primary market where bidding takes place.
below are the fees deduction from fbn

say you invest 1milloon
at 10% 364days
interest ought to be 100,000

custodian fee(0.125%) - 125naira
commission fee (0.10%) -100naira
transaction fee (#100) - 100naira
Vat (5% of all three) - 5% of 325= 16.25

making a grand total of 125+100+100+16.25= 341
so after deducting 341 from the 100,000
your actual interest will be = 99,659 for the year
this should be the charges on 1m investment according to first bank.