Nnamz:


Go f*ck yourself.. asshole

Freedem:



There's no real estate investment within my investment capacity that will return 30 million in two years .. you can't even find that anywhere in Europe..

The key thing is knowing when to pull out.
Inflation rate is meaningless to to me because I'm pegging against another currency not inflation in Nigeria.

lancee:





Same me..Sweetest thing is when u re converting the naira to forex..I call it "Free money "..Till now T bills has been a blessing to me as long as there is stable exchange rate That is why i do not pray / support for further devaluation of naira
For now let us enjoy the stable xchange rate and higher Tbills rates ..As long as u do ur calc very well ..U good

I do not know about tomorrow ..

ahiboilandgas:
na wa ooh .....

zamirikpo:
I stand to be corrected here: are we sure we can call TB buying an investment, I say this becos the rates we are given are at per with inflation figures.

In orders words I think by buying TB we are only preserving the true value of our money. Inflation is at 12.1% if I am not mistaking and is on the increase, while TB ranges from 10 - 14% as at the last auctions, October inflation figures are not out but am sure they will be very close to TB rates.

Let's discuss this.....pls

Nnamz:


Go f*ck yourself.. asshole

silentone:
Please house, I need your advice. I went to stanbic today to enquire about TBills and Money Market cause I wanted to invest 500k. After telling me the rates, the account officer advised me to opt in for money market. Saying it would be a smart choice as to TBills.
The rate for TB at primary market was:
91 days-10.75
182- 13.47
365-14.0
While Money market is 11.54%
Please, what option do I opt in for as am a newbie in this.

silentone:
Please house, I need your advice. I went to stanbic today to enquire about TBills and Money Market cause I wanted to invest 500k. After telling me the rates, the account officer advised me to opt in for money market. Saying it would be a smart choice as to TBills.
The rate for TB at primary market was:
91 days-10.75
182- 13.47
365-14.0
While Money market is 11.54%
Please, what option do I opt in for as am a newbie in this.

condomuser:
I once entered a vehicle for a 7 hours trip, the calibre of people i met while on the journey was alarming, i knew i had 7 hours boring time so i joined in the discussion.

I did some psychological analysis and realised the guy in the front seat whose mouth was the loudest had invested millions in MMM, i am not an advocte of ponzi scheme but guess what i deviated and started positive talks on the durability of MMM. It was at the time MMM closed and was to re-open in january which never happened.

The guy at the front seat who had the biggest mouth was so happy thinking he had seen his fellow MMM mugu, but i only joined the conversation to kill time. Unfortunately MMM never came back and he lost all.

Moral of the story : Someone who may claim to have 30 Billion is possible doing so to lay hands on your N1m, enjoy the conversation and stick to what you know.

silentone:
Please house, I need your advice. I went to stanbic today to enquire about TBills and Money Market cause I wanted to invest 500k. After telling me the rates, the account officer advised me to opt in for money market. Saying it would be a smart choice as to TBills.
The rate for TB at primary market was:
91 days-10.75
182- 13.47
365-14.0
While Money market is 11.54%
Please, what option do I opt in for as am a newbie in this.

speedyconnect3:
The US emerges the best oil producing nation.

This means more low patronage for nigerian oil.

What's the effect on tb rates please?

ahiboilandgas

zamirikpo
GonFreecss1
freedem nl1960

katamo:


The answer is that it depends.

What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that.

If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows:

91 - 11.1%
182 - 14.5%
364 - 16.3%

You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%.

In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to go!

Chukason1:
With all these Controversies which One newbie Investors go do?? ... This one am hearing TBills isn't even 100% sure

GonFreecss1:


Lol. Nothing is wrong with Tbills. It's all about personal preference. What you as a person can be comfortable with. Not what someone else is saying on the internet.

Yem0350:

Money market rate is tax free

Chukason1:


Hahaha What of in a situation the internet person is actually Correct and more Financially literate

GonFreecss1:


Perspective my man.

Being rich is relative. This is something Nigerians as a whole have to understand.

Remember the country you are in, we mostly depend on imported goods hence our goods and services are sold in dollars. It's a fair estimation to agree that in the future (Let's say 10 years), 1000 naira could make a dollar. If you agree with this analysis, then all you have to do is divide the current naira rate by the estimated one in 10 years and figure out the % increase. Do an average for Tbills being compounded from now till 10 years time, ask yourself do you think this Tbills compounding will beat the drop in naira over this period? Do you think the naira will get stronger relative to the dollar?

I can imagine the look on the faces of those compounding Tbills for a while when Naira dropped from 160 naira to a dollar to 500 naira to a dollar, almost made all their gains insignificant. Yes, it corrected back to 362... but know what happened to their buying power? It was destroyed.

Like I said in the beginning, being rich is relative. Of course people who did Tbills were far better off than people who don't invest in anything at all (many Nigerians), but they too were affected and their wealth affected too. Wealth is all about buying power, there is a favorite saying, if you can't buy something 5 times you can't afford it. So that means someone who had a million before could buy a laptop worth 200K 5 times. He can afford it, but the moment that laptop increases by just 10% (220k), he can't afford it again.

That's why I advise people to diversify. Tbills is good but it's not enough. Especially in the type of country we are in...

GonFreecss1:


Best oil producing nation? Lol. This means nothing. People only do business with things that favor them not awards.

GonFreecss1:


How and where do you convert though from Naira to Euro and back?

Chekitaut:
With N20m
*You can not get a 4units of 2bedroom apartment
*You can not have a 4pumps Fueling station.
...that can give you N1.2m/month

But with Chekitaut Nigeria Limited, N20,000,000($57,000) investing in trucking you are sure of N2m/month for short term of 12months(Principal+Interest). We have security to your investment(Fund).

-Bank can not give such offer.
-Treasure Bill can not give such offer.
-Not Ponzi schemes
...we do just #TRUCKING

Invest now call: 08055545355

ade101:


This risk associated with transport business is just crazy. nobody should listen to this guy, i have first hand experience in trucking, uber and keke napep. These are businesses that depends on the loyalty and sincerity f your partner. The guy will tell you he us sincere, they all do, trust me, its more regrets than joy. I have been growing my money gradually with money market and tbills for over a year now.

GonFreecss1:


That is okay. Many people don't like Cryptocurrencies because of the volatility, my point from the beginning was never about buying cryptocurrencies, it was simply stating the fact that Treasury bills are not safe as we think they are. Safe in returning your naira? Of course. But safe in buying power and actual wealth? Not really.

You could go into real estate, buy stocks, buy foreign bond funds or simply do something that creates Forex for you.

I am just redefining what people think is safe or not.

katamo:


The answer is that it depends.

What is your time horizon for this investment? In order words, will you need to access the money sooner or later? If you want flexibility to access your cash, then money market is the way to go as these are more liquid and therefore easier to cash out in the event you want to do that.

If accessing the cash quickly is not important, then we are really looking at how the returns compare against each other. From a rate of return perspective, you will need to compare the money market rate (which is an annualized number) to the true yield on the T-bills - if not you are mixing oranges and mangoes in the comparison. The true yield for the tenors you have indicated are as follows:

91 - 11.1%
182 - 14.5%
364 - 16.3%

You also need to consider the fact that interest on T-bills is not taxable while earnings on momey market funds are taxable at 10% i believe. So on an after-tax basis, the money market return of 11.54% is 10.4%.

In short, if liquidity is more important than rate of return, then go with money market, if not, TBill is the way to go!

Chekitaut:
With N20m
*You can not get a 4units of 2bedroom apartment
*You can not have a 4pumps Fueling station.
...that can give you N1.2m/month

But with Chekitaut Nigeria Limited, N20,000,000($57,000) investing in trucking you are sure of N2m/month for short term of 12months(Principal+Interest). We have security to your investment(Fund).

-Bank can not give such offer.
-Treasure Bill can not give such offer.
-Not Ponzi schemes
...we do just #TRUCKING

Invest now call: 08055545355