nennin:
please sorry for spamming the thread why not go for fixed deposit? Because i had some banks give up to %4.5 per month.

TONY56:


When you're told that interest rate is 4.5% per month, it doesn't mean that if you put N1,000,000 there, you'll get N1,000,000 × 4.5/100 = N45,000 as interest.

No. All interest rates are expressed as such but for one year. So, if you put N1,000,000 in that bank for one month at 4.5%, don't be surprised that what you will get will be N1,000,000 × 4.5/100 × 1/12 = N3,750 and not N45,000.
If it's a bank, that's what they mean.

However I may not be able to say the same for some of these Finance houses and Micro finance banks whose risks are almost up to 95% compared with TB that is 99.99% risk free.

So the choice is absolutely yours but for me that have zero appetite for risk, I will always go for TB no matter the rate because I like to sleep always with both eyes closed

Gavrelino123:

Chief Tony, considering the current TB rate,do you think it's advisable for someone to lock for one year(364 days)....?

TONY56:


I have done just that and I advised people to try to participate in the first auction of the year cause I felt it is likely going to be the best rate for the quarter and possibly next quarter.
I have since been proven to be right. If you feel that it may rise later this year, you may opt for 182days but personally, I doubt because all the indices I am seeing does not suggest that it may rise this year.

Oil price is going up again globally, the Naira is not likely to depreciate, Nigerian government is making more money from oil, our reserves is growing and whether some people believe or not, Nigeria is out of recession, our stock market is about the best in the world now in terms of returns on investments and performance this year though that bubble can burst anytime and the government has embraced the euro bond which is cheaper than borrowing from us through the sale of Treasury Bills. So government is no longer under pressure like before and the foreign portfolio managers are bringing in foreign currencies to invest again which is good for government and the economy.

So, as for ME, if I have more money, I will lock it in for 364 days and if the rates should go as low as about 5% which I hope and pray doesn't happen, I may even off load some before maturity if I have need for it and lose little or insignificant part of my upfront interest.

DISCLAIMER! !!
Please, I am not an expert but that is the way I see it. So do not take it as an expert's advice. I am doing it at my own risk and if you take to it too, it's at your own risk.

nennin:
please sorry for spamming the thread why not go for fixed deposit? Because i had some banks give up to %4.5 per month.

TONY56:
See where he calculated 2,500 to be approximately 420

Gavrelino123:

Chief Tony,,you are the best....,you analysis are very correct and it correlates with our economy.
This indicates you are an expert indeed....thanks and God bless...

TONY56:



No o.
I am just a learner.
The only thing I probably do differently is reading widely because my mind and eyes should be where my investments are.

I am a Mechanical Engineer and I retired from the Federal Civil Service in February 2016 at the attainment of the mandatory age for retirement and I chose to invest in Treasury Bills after reading posts on this thread from page 0 to about over 300, I started investing in Treasury Bills last year. I also read all other posts including reading Financial papers and news to aquaint myself with the economy and Financial matters all over the world.

My prior experience was in Shares from which I made some money until the then bubble busted around 2008. Since I no longer have the liver for shares because I need to sleep with both eyes closed now, I have solace in Treasury Bills just as they say that "slow and steady wins the race" and pressure on me regarding my financial responsibilities has reduced. So why should I now take such risks that could send me to early grave when Treasury Bills can make me at least comfortable?.

I am also planning to go into Piggery just to keep myself busy a little bit instead of just staying at home and having all muscles getting stiff due to lack of physical activities.

Hopefully, the Pig farming will take off by July this year when the construction works of the first phase will have been completed.

That is my story for you.

TONY56:


I have done just that and I advised people to try to participate in the first auction of the year cause I felt it is likely going to be the best rate for the quarter and possibly next quarter.
I have since been proven to be right. If you feel that it may rise later this year, you may opt for 182days but personally, I doubt because all the indices I am seeing does not suggest that it may rise this year.

Oil price is going up again globally, the Naira is not likely to depreciate, Nigerian government is making more money from oil, our reserves is growing and whether some people believe or not, Nigeria is out of recession, our stock market is about the best in the world now in terms of returns on investments and performance this year though that bubble can burst anytime and the government has embraced the euro bond which is cheaper than borrowing from us through the sale of Treasury Bills. So government is no longer under pressure like before and the foreign portfolio managers are bringing in foreign currencies to invest again which is good for government and the economy.

So, as for ME, if I have more money, I will lock it in for 364 days and if the rates should go as low as about 5% which I hope and pray doesn't happen, I may even off load some before maturity if I have need for it and lose little or insignificant part of my upfront interest.

DISCLAIMER! !!
Please, I am not an expert but that is the way I see it. So do not take it as an expert's advice. I am doing it at my own risk and if you take to it too, it's at your own risk.

TONY56:



No o.
I am just a learner.
The only thing I probably do differently is reading widely because my mind and eyes should be where my investments are.

I am a Mechanical Engineer and I retired from the Federal Civil Service in February 2016 at the attainment of the mandatory age for retirement and I chose to invest in Treasury Bills after reading posts on this thread from page 0 to about over 300, I started investing in Treasury Bills last year. I also read all other posts including reading Financial papers and news to aquaint myself with the economy and Financial matters all over the world.

My prior experience was in Shares from which I made some money until the then bubble busted around 2008. Since I no longer have the liver for shares because I need to sleep with both eyes closed now, I have solace in Treasury Bills just as they say that "slow and steady wins the race" and pressure on me regarding my financial responsibilities has reduced. So why should I now take such risks that could send me to early grave when Treasury Bills can make me at least comfortable?.

I am also planning to go into Piggery just to keep myself busy a little bit instead of just staying at home and having all muscles getting stiff due to lack of physical activities.

Hopefully, the Pig farming will take off by July this year when the construction works of the first phase will have been completed.

That is my story for you.

TONY56:
Bitcoin drops below $6,200 http://punchng.com/bitcoin-drops-below-6200-for-first-time-in-three-months/

kings11ng:

we all have a story to tell

TONY56:
Bitcoin drops below $6,200 http://punchng.com/bitcoin-drops-below-6200-for-first-time-in-three-months/

TONY56:
Bitcoin drops below $6,200 http://punchng.com/bitcoin-drops-below-6200-for-first-time-in-three-months/

feelamong:


Who is posting this here?

I hope you will also remember to post when the price gains 100% in the next 3 months

doyinisaac:
I am thinking of investing 8.5m but I want to get something clear,if someone want to invest on treasury Bills for 240days at 13.5% do that mean I would get 13.5% interest on my investment??or It is like fixed deposit that I will have to divide the 240/365days to get the actual rate??please your reponse is going to be appreciated...

Pharmtj:
go and read from page 1 , the answer you seek is there.thanks.......

TONY56:


Yes sir. And if it goes lower then too.

Mind you, I posted it only to illustrate why I won't go for it because I don't have the liver for it. I am not condemning those who have the liver and shock absorbers for it.
After all its their money and it's their choice too

TONY56:


Oh yes. You are right.
It's 833.33. It's was a slip.
My apologies to all.

I will edit it accordingly

dipoolowoo:
Overnight Rate Jumps to 53% on Absence of OMO Sales
https://www.businesspost.ng/2018/02/08/overnight-rate-jumps-53-absence-omo-sales/

TONY56:



No o.
I am just a learner.
The only thing I probably do differently is reading widely because my mind and eyes should be where my investments are.

I am a Mechanical Engineer and I retired from the Federal Civil Service in February 2016 at the attainment of the mandatory age for retirement and I chose to invest in Treasury Bills after reading posts on this thread from page 0 to about over 300, I started investing in Treasury Bills last year. I also read all other posts including reading Financial papers and news to aquaint myself with the economy and Financial matters all over the world.

My prior experience was in Shares from which I made some money until the then bubble busted around 2008. Since I no longer have the liver for shares because I need to sleep with both eyes closed now, I have solace in Treasury Bills just as they say that "slow and steady wins the race" and pressure on me regarding my financial responsibilities has reduced. So why should I now take such risks that could send me to early grave when Treasury Bills can make me at least comfortable?.

I am also planning to go into Piggery just to keep myself busy a little bit instead of just staying at home and having all muscles getting stiff due to lack of physical activities.

Hopefully, the Pig farming will take off by July this year when the construction works of the first phase will have been completed.

That is my story for you.

Gavrelino123:

I just hope T.B rate increases.....Even if it's 14% or 15%.......I always stand with T.B....

TONY56:




If wishes were horses....
I hope so too but the bitter truth is that it's going to remain south west for a while.
Just pray it doesn't get below 10% by 2nd quarter

Gavrelino123:

I just hope T.B rate increases.....Even if it's 14% or 15%.......I always stand with T.B....