₦airaland Forum

Please what's suppose to be my return on a #100000 investment?

TONY56:
Very good to me

On a 100000 investment what's suppose to be your return? Kindly help using your own experiences. I want to clarify this.

kristien4:
16% 191days. Secondary market. Zenith. Finally!!

You're on point

Investnow2017:
Thank God for the compliment. I too owe my enhanced knowledge to the gurus on this thread who have and are still exerting themselves selflessly on behalf of all and sundry in the house.

Investing requires patience and discipline, discipline above all.

I just did a little calculation a while ago. Assuming I had opened a mutual fund with just N100,000 at an average of 10%pa 15 years ago and had been topping it up yearly by just N10,000, you can't believe that by this year 2017 my total account balance would have been N4.4m Naira! That is the power of compound interest! If I check properly, assuming there was the vision and some discipline, it would have been possible with my annual income since then, but the lack of discipline has simply made it a fond story meant only to be told, which it is now, really.

The culture of investing should form a veritable part of our school curriculum and should be handled in a demonstrable manner. Equipped with this habit, a lot of graduates would not come down with hopelessness as we see in the face of the rising unemployment in our society today.

I still believe our school curriculum is neither dynamic nor pragmatic. And it will remain so, as long as it continues to maintain a widening disconnect with reality. Financial Education is for all literate and educated persons, it should not be limited to only those who read courses related to it. And don't be surprised, even many who had read courses bordering on finance still have issues putting their knowledge into practice, only because they had received their education as an abstract experience. Sad.

Cheers all. Trusting the new generation work its way out of this unreality!

Hi all. I investment in treasury bills yesterday with FBN and the money left my account almost immediately. Please I'd like to ask here at what point would the interest be paid into my account? I've been waiting to receive this alert.

N62b OMO Bills Mature Today
https://www.businesspost.ng/2017/10/12/n62b-omo-bills-mature-today/

ItsYourFriend:
Hi all. I investment in treasury bills yesterday with FBN and the money left my account almost immediately. Please I'd like to ask here at what point would the interest be paid into my account? I've been waiting to receive this alert.

You may not get an alert. Check your balance.
.

I = P x Tenure (prorated) x Rate (normalized) = 100K * 92/365 * 15.8/100 = 3,982.46 interest

I hope i'm correct...

atigro:
HELP HELP HELP

Good morning house, please I have trouble in calculating my interest yield from. Please elders these are the parameters
15.80% 92days on #100,000 secondary market Firstbank. The alert I got is not the normal calculation I know on this forum. Please help me as I prepare to face them this morning. Something is fishy somewhere. No wonder I was suspecting the account officer yesterday as her body language was one kind!

Is this calculation correct so? Is the date always attached to 365day? Please others weigh in

megacontrol:
I = P x Tenure (prorated) x Rate (normalized) = 100K * 92/365 * 15.8/100 = 3,982.46 interest

I hope i'm correct...

Is this your personal experience or something else?

megacontrol:
I = P x Tenure (prorated) x Rate (normalized) = 100K * 92/365 * 15.8/100 = 3,982.46 interest

I hope i'm correct...

megacontrol:
I = P x Tenure (prorated) x Rate (normalized) = 100K * 92/365 * 15.8/100 = 3,982.46 interest

I hope i'm correct...

Yes you are correct with very slight error.
The slight error is that it should be 92days/364days instead of 365days but that is a very insignificant difference to me

atigro:
Is this calculation correct so? Is the date always attached to 365day? Please others weigh in

Yes. The rates are always tied to 364days.
You probably erroneously thought the 15.8% is for the 92days. Sorry it's ALWAYS tied to 364days.

atigro:
Is this your personal experience or something else?

It's both personal and standard practice in financial matters unless otherwise stated

ItsYourFriend:
Hi all. I investment in treasury bills yesterday with FBN and the money left my account almost immediately. Please I'd like to ask here at what point would the interest be paid into my account? I've been waiting to receive this alert.

Interest upfront is the normal procedure.

Though, Sometimes they will debit all principal and pay you principal + interest only after maturity. (that's the re-invest interest option).

So ask them which one they did.

Haaaa that error stance is costly. Holy Father,the reality jolted me I must confess. In all sincerity I never saw it in this light. Waoh,I need to pull the reverse gear then bcus there are other better risk manageable way to grow my funds. This ain't my thing. SPIT!!! I

Thanks for the prompt response too and lets always be clear about all these things before assumption cost us a lot.

TONY56:
Yes. The rates are always tied to 364days.
You probably erroneously thought the 15.8% is for the 92days. Sorry it's ALWAYS tied to 364days.

I see. Interesting to know too

TONY56:
It's both personal and standard practice in financial matters unless otherwise stated

Thanks for this too. U try abeg

megacontrol:
I = P x Tenure (prorated) x Rate (normalized) = 100K * 92/365 * 15.8/100 = 3,982.46 interest

I hope i'm correct...

atigro:
Haaaa that error stance is costly. Holy Father,the reality jolted me I must confess. In all sincerity I never saw it in this light. Waoh,I need to pull the reverse gear then bcus there are other better risk manageable way to grow my funds. This ain't my thing. SPIT!!! I

Thanks for the prompt response too and lets always be clear about all these things before assumption cost us a lot.

@atigro, We are all here on this Forum to share reliable and dependable investment ideas. Permit me to kindly ask what "other better risk manageable way to grow funds" do you know? Share it with the House and leave the choice to us if we might venture into it. This is what we all do here. We are all ears. Thanks
.

Reyus:
Interest upfront is the normal procedure.

Though, Sometimes they will debit all principal and pay you principal + interest only after maturity. (that's the re-invest interest option).

So ask them which one they did.

I checked my email inbox and found the credit notification sitting right inside it since yesterday evening! Thanks for helping.

Investnow2017:
You may not get an alert. Check your balance.
.

I just saw the credit notification in my email inbox. Thank you.

atigro:
HELP HELP HELP

Good morning house, please I have trouble in calculating my interest yield from. Please elders these are the parameters
15.80% 92days on #100,000 secondary market Firstbank. The alert I got is not the normal calculation I know on this forum. Please help me as I prepare to face them this morning. Something is fishy somewhere. No wonder I was suspecting the account officer yesterday as her body language was one kind!

N100,000 ÷ 100 × 15.80 ÷ 364 × 92 = N3993.4066

Minus Custody fee of 0.1% which is N3.993
Minus Transaction fee of N100
Minus 5% VAT of Custody & Transaction fee which is N5.19965

Your Interest is to be N3,884.2

Did you get anything more or less?

Please,is it all banks that deduct the custody fee of 0.1%?
Thank you

freeman67:
N100,000 ÷ 100 × 15.80 ÷ 364 × 92 = N3993.4066

Minus Custody fee of 0.1% which is N3.993
Minus Transaction fee of N100
Minus 5% VAT of Custody & Transaction fee which is N5.19965

Your Interest is to be N3,884.2

Did you get anything more or less?

Nothing is fishy,
The Calculation is from the system. Your Account Officer has no hand, your payment came from HQ.

Interest calculated per Annum. So based on the parameters you have provided, your interest should be about N3,900- excluding fees. - TX Fee, Custodian Fee, etc.

atigro:
HELP HELP HELP

Good morning house, please I have trouble in calculating my interest yield from. Please elders these are the parameters
15.80% 92days on #100,000 secondary market Firstbank. The alert I got is not the normal calculation I know on this forum. Please help me as I prepare to face them this morning. Something is fishy somewhere. No wonder I was suspecting the account officer yesterday as her body language was one kind!

Yes,

But the fees (Transaction fee, Custodian Fee, tax) are so small that its effect on your interest is negligible.

judlice84:
Please,is it all banks that deduct the custody fee of 0.1%?
Thank you

amjustme2:
Yes,

But the fees (Transaction fee, Custodian Fee, tax) are so small that its effect on your interest is negligible.

Stanbic transaction fee #300

How much rate did GTB give on secondary marlet?
Let us know.. whatever the number of days?

Good day house,
I saw this remark on my debit for TBills, I have not gotten my certificate though.

I want expert to help me check how may days they subscribe for me
(NB: i told them 182 days) but this 256 im seeing is confusing me


REMARK: trBP 265 NTB182DAYS_AUCTION.

opomulero:
Good day house,
I saw this remark on my debit for TBills, I have not gotten my certificate though.

I want expert to help me check how may days they subscribe for me
(NB: i told them 182 days) but this 256 im seeing is confusing me


REMARK: trBP 265 NTB182DAYS_AUCTION.

I can't see any confusion in there. I guess it was at the primary market. If so you can never get 256 or 265 tenor there and it's there that it's NTB182DAYS_AUCTION.
Don't allow the trBP265 before it to cause any confusion it's just their internal code.
If still in doubt, go to the branch where you made the transaction to ask for your hard copy

Thank you

TONY56:
I can't see any confusion in there. I guess it was at the primary market. If so you can never get 256 or 265 tenor there and it's there that it's NTB182DAYS_AUCTION.
Don't allow the trBP265 before it to cause any confusion it's just their internal code.
If still in doubt, go to the branch where you made the transaction to ask for your hard copy

Gurus,I was told I can't roll over secondary market(I have to always give instructions for secondary market)except primary.
How true is this please?

Good evening guys


Please do banks issue certificate to secondary market bills?
I purchased some few days ago

FBN is my bank.....

PhilJames:
Good evening guys


Please do banks issue certificate to secondary market bills?

FBN is my bank.....

For Stanbic YES. I received my investment notification mail today and it was written there to visit my branch for the printed copy

I purchased yesterday

Kemade2007:
For Stanbic YES. I received my investment notification mail today and it was written there to visit my branch for the printed copy

I purchased yesterday

Thank you bro... Will visit mine tomorrow