Femo230:
i beg what is minimum amount person can invest in TB

Investnow2017:


Open a Stanbic IBTC Money Market Mutual Fund for him/her. You wont regret it. While T/Bills are currently 15-16%, Stanbic MMF is currently 17.49% even as at today. And you stand the chance to benefit from compounded returns. Just my opinion, because it is working for me.

cooldudeng:


Sir,

I bet to disagree slightly. We just can't look at T-bills rate without factoring the true yield considering your interest is paid upfront (time value of money). So, a 364 tenored Tbill at 15.2% will give you nothing less than 17.9% as true yield (Interest/ 1 - interest)

We all have our different reasons for investing and while a mutual fund might be ideal as a TRUST FUND for kids considering the low maintenance especially when you don't have to roll overs coupled with the fact that you can also contribute to the scheme on a Monthly basis, it still doesn't take away from the fact that T-bills might be the ideal investment vehicle for others

On the strength of returns, i will say both are almost at par with T-bills possibly being higher. Are the returns on Mutual funds tax free?

Desanta:


You should get over a million naira.

Secondary market is now hot cake, so you should be able to get your money back in a couple of days.

careerwoman:

Hello everyone.. Been a while.. so I tested the secondary market.. got 16% for 167 days at FBN.. not bad, I guess... Thanks to the gurus for keeping the thread alive.. Ciao..

16%? You've won a lotto. Ask if its still available and try to subscribe more sharp sharp if you can afford it! Wow!

careerwoman:

Hello everyone.. Been a while.. so I tested the secondary market.. got 16% for 167 days at FBN.. not bad, I guess... Thanks to the gurus for keeping the thread alive.. Ciao..

WhiteChocolate:
I just wanna share the following
I got a NGN 10,000,000 tbills at 17.3880% on the 14/09/2017. The Discount value was NGN 8,265,963.84. I needed money urgently to secure a property so I terminated prematurely on the 17/11/2017. I was told it was gonna be sold on secondary market for 15.6%. I was actually fearful because of the 25% penal charge we have always talked about here; that doesn't exist by the way or maybe I don't get how that works because I was credited with NGN 8,726,027.40. I got a total of NGN 460,063.56. I see no deductions whatsoever anywhere and the head of service support told me the penal charge of 25% did not exist. For those who had experienced that in the past could it be a bank thing? Just thinking aloud

TONY56:



You probably did not follow the story from the beginning and you did not specify your bank which obviously is not UNION BANK.

The "complainant" said he did the investment with UNION BANK and the bank indicated in the transaction papers that if he terminated the Investment before maturity, he would be charged a penal fee of 25% of the upfront interests apart from other fees.

So it's a UNION BANK policy or conditions like when they say "Terms and conditions apply".

And that's why one should endeavour to read all the terms and conditions before doing any business.

You see, he like some others saw it and still went ahead to sign the deal. Some people are dogmatic in nature and will tell you that they are used to banking with a particular bank for many years and would not want to move to better bank.

That's one of the resultant effects. And unfortunately, Union is not among the top 5 banks that gets good bids at the NTB auctions. So why should an investor even do NTB with them in the first place when you can get far better from banks like Stanbic, First, Gtb, Zenith etc.

So it's a UNION BANK policy that does not apply to all banks.

Lastly, many who followed the story must have learnt a lesson from his ordeal and that's one of the objectives of this beautiful thread

sherif4owo:


Money market all the way, because your plan is for a long term and it has less trouble.
On the other hand, Treasury bills fit better for a short term investment

WhiteChocolate:

Stanbic IBTC Bank. Thanks for the clarification.

WhiteChocolate:
I just wanna share the following
I got a NGN 10,000,000 tbills at 17.3880% on the 14/09/2017. The Discount value was NGN 8,265,963.84. I needed money urgently to secure a property so I terminated prematurely on the 17/11/2017. I was told it was gonna be sold on secondary market for 15.6%. I was actually fearful because of the 25% penal charge we have always talked about here; that doesn't exist by the way or maybe I don't get how that works because I was credited with NGN 8,726,027.40. I got a total of NGN 460,063.56. I see no deductions whatsoever anywhere and the head of service support told me the penal charge of 25% did not exist. For those who had experienced that in the past could it be a bank thing? Just thinking aloud

tolajay:
Hello people,

I'd like to terminate my 300k TB portfolio.

How much will I lose for this termination?