Pascopele:
The hotel is building will make him more money there(Island) for instance let assume he builds a 5 star hotel say 300m, swimming pool, bar and conference hall, he can generate a 1 over 8 of the capital in a year after deducting expenses

5 Star hotel for #300m in Lekki??

Oriental hotel, Lekki, is currently up for sale @ #50bn.


2nd Picture: another hotel (a 2 or 3- star perhaps) up for sale at Lekki @#1.3bn.

project4OO:


5 Star hotel for #300m in Lekki??

Oriental hotel, Lekki, is currently up for sale @ #50bn.


2nd Picture: another hotel (a 2 or 3- star perhaps) up for sale at Lekki @#1.3bn.

Over priced. Outrageous

Just2endowed2:
How reliable are this guyz

Go and do it.
This is a thread dedicated solely to TB

Bbbwings:

Go and do it.
This is a thread dedicated solely to TB

I. Know it's dedicated for tb but we do sometimes advise on other platform and compare with tb, just like someone advising if he should build an hotel or go for tb with 500 million

Just2endowed2:


I. Know it's dedicated for tb but we do sometimes advise on other platform and compare with tb, just like someone advising if he should build an hotel or go for tb with 500 million

Never heard of them sha

Just2endowed2:
How reliable are this guyz

OWealth/OPay/ORide (founders of Opera/Opera Mini browser worldwide) is here to stay.


Kindly post the link to the screenshot.

Bravedude112:
Guys, investing 500M in tbills at 10% and using the same amount to build a hotel in lekki which one do you think will yield a higher roi annually?

Don't waste your money. Apart from Eko Hotels and Oriental Hotels, most "Big" Hotels on that Axis are in debt.

it is better you invest the money in building residential houses and then sell them off after completion.

feelamong:


Its not a joke.

its the state of the affairs our economy now...

The govt wants to drop interest rates to encourage GDP growth.

its signaling that by dropping the rates at which they will borrow from investors.

hopefully the commercial banks will take a cue from that and drop interest rates too so that we can borrow cheaply and do real business rather than dumping our funds with govt and collecting high interest rates on them

delawal:

its d other way round. many people re rushing to do tbills BC s economy is in comatose. Biz is not moving again. if not, many people will invest their money in businesses. d poverty rate in naija now is affecting sales and businesses, a sign the govt is really incompetent and lacks ideas

Feelamong said it's the affairs of the economy; the affairs of the economy could be bad or good. Let us read to understand before quickly shutting down people that they're wrong.

...

One-Month T-Bill Yield Rises by 0.50% to 10.21%
https://businesspost.ng/2019/08/06/one-month-t-bill-yield-rises-by-0-50-to-10-21/

chigo4u:

Over priced. Outrageous

Most properties are overpriced, and will continue to be so until government, institutional investors, pension fund managers and retail investors start a massive investment in real estate in order to reduce the almost 20 million housing deficit in Nigeria.

With a population of about 200 million people that is growing at a higher rate than our economic growth we will continue to witness serious demand for accommodation in Nigeria.

Access bank bond 15.5 a good buy ?

ahiboilandgas:
Access bank bond 15.5 a good buy ?

What tenure my oga

zamirikpo:


What tenure my oga

5years (listed ) u can opt out or sell when it raises

Was thinking of going into this too but still considering the stress aspect, have built few houses before and they all come with alot of stress.

Digitron:



Don't waste your money. Apart from Eko Hotels and Oriental Hotels, most "Big" Hotels on that Axis are in debt.

it is better you invest the money in building residential houses and then sell them off after completion.

Is this a FGN saving bond/ Because someone did 13% or 10% here 200+ interest every 6 month for 9 years or so

ahiboilandgas:
Access bank bond 15.5 a good buy ?

The choice is yours

Bravedude112:
Was thinking of going into this too but still considering the stress aspect, have built few houses before and they all come with alot of stress.

Please house I'm contemplating between 2 things.

I have a few tbills running in my bank and I have a target of attaining up to 20M with the idea of getting 2M yearly @10%.

I also have a life assurance running although I'll say I regret delving into it cos the roi after 15yrs isn't worth it but my account officer practically opened up to me today that he'll prefer I do annuity for life as it pays more than the current policy I'm dealing with.

Here you determine how much you want to be paid for life after 50yrs. For eg, I told him I'll love to earn 500k monthly from 50yrs and he calculated approximately 1.5M yearly to be paid so that as soon as I clock 50,I'll be earning 500 monthly which is 6M yearly. Although I'm 32, I'll have to pay this sum for 18yrs which he explained it's a deferred payment since I'm not 50yet

Question is...... Is it a good idea to do this or is there anyone knowledgeable enough to throw more light into this? Cos it may look better than tbills but??

How much will be my profit every month, when i invest 100k on treasury bills? Will I be allowed to withdrawal my profits every month?

C505:
Please house I'm contemplating between 2 things.

I have a few tbills running in my bank and I have a target of attaining up to 20M with the idea of getting 2M yearly @10%.

I also have a life assurance running although I'll say I regret delving into it cos the roi after 15yrs isn't worth it but my account officer practically opened up to me today that he'll prefer I do annuity for life as it pays more than the current policy I'm dealing with.

Here you determine how much you want to be paid for life after 50yrs. For eg, I told him I'll love to earn 500k monthly from 50yrs and he calculated approximately 1.5M yearly to be paid so that as soon as I clock 50,I'll be earning 500 monthly which is 6M yearly. Although I'm 32, I'll have to pay this sum for 18yrs which he explained it's a deferred payment since I'm not 50yet

Question is...... Is it a good idea to do this or is there anyone knowledgeable enough to throw more light into this? Cos it may look better than tbills but??

Do you understand how compounding works?

If you compound those yearly/monthly payments amounting to N1.5 million yearly at a minimum interest rate of 10%, you'd be looking at between N60 - N70 million after 18 years. Now, without further compounding, a yearly conservative interest rate of 10% on N60 million would easily provide you with N500k monthly, leaving your principal intact.

Nonetheless, I know some of us work and plan better with structured payments, so the choice is yours.
I'm presuming you already know the first rule of investing - know thyself.

C505:
Please house I'm contemplating between 2 things.

I have a few tbills running in my bank and I have a target of attaining up to 20M with the idea of getting 2M yearly @10%.

I also have a life assurance running although I'll say I regret delving into it cos the roi after 15yrs isn't worth it but my account officer practically opened up to me today that he'll prefer I do annuity for life as it pays more than the current policy I'm dealing with.

Here you determine how much you want to be paid for life after 50yrs. For eg, I told him I'll love to earn 500k monthly from 50yrs and he calculated approximately 1.5M yearly to be paid so that as soon as I clock 50,I'll be earning 500 monthly which is 6M yearly. Although I'm 32, I'll have to pay this sum for 18yrs which he explained it's a deferred payment since I'm not 50yet

Question is...... Is it a good idea to do this or is there anyone knowledgeable enough to throw more light into this? Cos it may look better than tbills but??

Oga dis is nigeria.....i pray the company doesn't come up with an excuse after u clock 50yr..u might not survive it.

hope the company has been in existence for the past 30yrs ,

C505:
Please house I'm contemplating between 2 things.

I have a few tbills running in my bank and I have a target of attaining up to 20M with the idea of getting 2M yearly @10%.

I also have a life assurance running although I'll say I regret delving into it cos the roi after 15yrs isn't worth it but my account officer practically opened up to me today that he'll prefer I do annuity for life as it pays more than the current policy I'm dealing with.

Here you determine how much you want to be paid for life after 50yrs. For eg, I told him I'll love to earn 500k monthly from 50yrs and he calculated approximately 1.5M yearly to be paid so that as soon as I clock 50,I'll be earning 500 monthly which is 6M yearly. Although I'm 32, I'll have to pay this sum for 18yrs which he explained it's a deferred payment since I'm not 50yet

Question is...... Is it a good idea to do this or is there anyone knowledgeable enough to throw more light into this? Cos it may look better than tbills but??

Insurance in Nigeria is a kind of specialised fraud and 419. Run. I speak from a 10 year personal experience.

Desanta:


Insurance in Nigeria is a kind of specialised fraud and 419. Run. I speak from a 10 year personal experience.

wait..in his mind..he believes a nigeria insurance company will pay you money after 18YR. who are you?

Even if u charge them to court and won not sure u will GET ur ...EXCEPT dere's a new NIGERIA after 18yr.

Even innonson never collect him money from GTB after wining and all him wahala .

NOTE: DISREGARD MY POST IF U BELIEVE IN 18YR YR NIGERIA WILL BE better IN ALL RAMIFICATION .

Pls house, when is the next auction date for stanbic or any other better bank?

tritritri:



Oga dis is nigeria.....i pray the company doesn't come up with an excuse after u clock 50yr..u might not survive it.

hope the company has been in existence for the past 30yrs ,

Aiico

C505:


Aiico

Founded: 1963 ..my brother if u go put ur future for nigeria company , no blame anyone ooh. na to wish u best of luck..

C505:


Aiico

not a bad firm sha...

C505:
Please house I'm contemplating between 2 things.

I have a few tbills running in my bank and I have a target of attaining up to 20M with the idea of getting 2M yearly @10%.

I also have a life assurance running although I'll say I regret delving into it cos the roi after 15yrs isn't worth it but my account officer practically opened up to me today that he'll prefer I do annuity for life as it pays more than the current policy I'm dealing with.

Here you determine how much you want to be paid for life after 50yrs. For eg, I told him I'll love to earn 500k monthly from 50yrs and he calculated approximately 1.5M yearly to be paid so that as soon as I clock 50,I'll be earning 500 monthly which is 6M yearly. Although I'm 32, I'll have to pay this sum for 18yrs which he explained it's a deferred payment since I'm not 50yet

Question is...... Is it a good idea to do this or is there anyone knowledgeable enough to throw more light into this? Cos it may look better than tbills but??

In Nigeria? With what we have on ground now what is the possibility of that insurance firm still existing in 20yrs time?

tritritri:


Founded: 1963 ..my brother if u go put ur future for nigeria company , no blame anyone ooh. na to wish u best of luck..

There's sense in this.

You know say sometimes when you hear some kind amount that'll suit your need, that segment of your brain wey intelligent pass other segments go just block making you to believe you're going to do the right thing.

Thanks anyway

freeman67:


In Nigeria? With what we have on ground now what is the possibility of that insurance firm still existing in 20yrs time?

This I don't know buy an eye opener against future cardiovascular related issues.

In 20yrs time, my heart might not take what it can take now. Even bulletproof vest wears out my brother

@ freeman67, tritritri, desanta, ahiboilandgas for your wisdom. God's blessings continually be upon you and all of us aspiring for a common goal.

Let me stick with my MM and TB.
I was trying not to put all eggs in a basket but this basket still looks OK

Thanks house