Emmaesty:
I think your calculation is wrong. He would make 97,500 for imvesting 3M for 91 days at 13% and 390,000 for the whole year.

learn to read and understand.

Jesusbabygirl:
Okay, let me try...In the world of finance, rates are stated per annum mostly. So, first know that whatever rate you are told for t-bills is per annum. Now, the reason for higher rate with longer tenor (e.g. 13% for 364 but 10% for 90days) is because longer tenors carry more financial risks (risk of currency devaluation, inflation, basic economic stuff that drive purchasing power) and so the investor gets compensated for that risk he/she is taking on.

Now, let me use some numbers to explain so that, hopefully, it is more intuitive...
Following your thought that 10% should not be divided by 4, it means the bank pays you N300K on N3Million for investing for 90 days
While they pay someone else that invests that same N3 million for a whole year at 13% N390K
Now, you will go back and get N300K 3 more times that year making your total interest N1.2 million (4*N300K)
So, you make N1.2 million while the other person makes N390K. Why will anybody invest for a year then and not for 90 days or even daily and get maybe 6% per day?

I hope you understand now, that is sort of the best way I know to explain it.

Thanks this is a detailed explanation, seriously you will make a good teacher.

Emmaesty:
I think your calculation is wrong. He would make 97,500 for imvesting 3M for 91 days at 13% and 390,000 for the whole year.

Yes, I was refering to N390K for a year...read again. Thanks.

jay7:


Thanks this is a detailed explanation, seriously you will make a good teacher.

Lol, hope it helped.

Jesusbabygirl:
Yes, I was refering to N390K for a year...read again. Thanks.

Oh I understand now

but why is tbills just so so addictive like bet9ja?

Pharmtj:
but why is tbills just so so addictive like bet9ja?

Chai, Bet9ja na die abegi. TBs is the bomb

Lol..@bet9ja?? Please o..A distance friend staked 500k on arsenal to win watford last weekend but got a rude shock when arsenal failed to do so.

Bet9ja=MMM..�

Pharmtj:
but why is tbills just so so addictive like bet9ja?

zohan101:
Lol..@bet9ja?? Please o..A distance friend staked 500k on arsenal to win watford last weekend but got a rude shock when arsenal failed to do so.

Bet9ja=MMM..�

What?
This is foolish betting. I know people who earns 2M per month and do not stake more than 5k in bets.
Get rich quick syndrome.

Jesusbabygirl:
Okay, let me try...In the world of finance, rates are stated per annum mostly. So, first know that whatever rate you are told for t-bills is per annum. Now, the reason for higher rate with longer tenor (e.g. 13% for 364 but 10% for 90days) is because longer tenors carry more financial risks (risk of currency devaluation, inflation, basic economic stuff that drive purchasing power) and so the investor gets compensated for that risk he/she is taking on.

Now, let me use some numbers to explain so that, hopefully, it is more intuitive...
Following your thought that 10% should not be divided by 4, it means the bank pays you N300K on N3Million for investing for 90 days
While they pay someone else that invests that same N3 million for a whole year at 13% N390K
Now, you will go back and get N300K 3 more times that year making your total interest N1.2 million (4*N300K)
So, you make N1.2 million while the other person makes N390K. Why will anybody invest for a year then and not for 90 days or even daily and get maybe 6% per day?

I hope you understand now, that is sort of the best way I know to explain it.

So you are saying on an investment of 3m you can make 1.2 million per year if you go for the 90 days option at 10%?

That's a 40 percent return per annum.


This can't possibly be true

Nigsrdumb:





So you are saying on an investment of 3m you can make 1.2 million per year if you go for the 90 days option at 10%?

That's a 40 percent return per annum.


This can't possibly be true

She was only trying to give an analogy to explain why 91days TB at 10% is divided by 4
Please read and understand

Boyhood:


She was only trying to give an analogy to explain why 91days TB at 10% is divided by 4
Please read and understand

I had to read it again, I guess my mind was on the interest , hoping there was some inside info I wasn't aware of.

Nigsrdumb:





So you are saying on an investment of 3m you can make 1.2 million per year if you go for the 90 days option at 10%?

That's a 40 percent return per annum.


This can't possibly be true

You are reading out of context, I was explaining something to him that it is impossible to make that. There was an ongoing discussion between us already. So, you are correct, it is impossible and that is what I was explaining to him..I wish it was possible..lol

Sorry if this seems like a Noob question but if I invest 1million in a 90day tbill at 10.5% what will be my naira value of my returns

Bulaveur:
Sorry if this seems like a Noob question but if I invest 1million in a 90day tbill at 10.5% what will be my naira value of my returns

10.5% for 1yr would be for 105k.

90days is like 3mths which 1yr divide by 4

105k/4 should get you an upfront payment of no more than 26k

Pennywise:


10.5% for 1yr would be for 105k.

90days is like 3mths which 1yr divide by 4

105k/4 should get you an upfront payment of no more than 26k

this your name reminds me of a proverb

Pennywise:


10.5% for 1yr would be for 105k.

90days is like 3mths which 1yr divide by 4

105k/4 should get you an upfront payment of no more than 26k

Thanks a lot

TissuePaper:
this your name reminds me of a proverb

This is actually "Pennywise"

So maybe your friend is a horror ...... !!!
Smiles

C505:


This is actually "Pennywise"

So maybe your friend is a horror ...... !!!
Smiles

ahh the great penny wise, i'm loyal boss

Still waiting for the HD version of the recent movie to be released

TissuePaper:
ahh the great penny wise, i'm loyal boss

Still waiting for the HD version of the recent movie to be released

I already saw it in the cinema but want to see it again. Hobbs and Shaw just got released on HD today.

This should be all otherwise they go ban us for derailing this thread

C505:


I already saw it in the cinema but want to see it again. Hobbs and Shaw just got released on HD today.

This should be all otherwise they go ban us for derailing this thread

hahahaha no worry i go quote you for the movies section later make we yarn, That Hobbs and shaw too dey my watch list

TissuePaper:
hahahaha no worry i go quote you for the movies section later make we yarn, That Hobbs and shaw too dey my watch list

It's OK. Quote me there so we talk.

This is our business section

Any link to DL?

C505:


I already saw it in the cinema but want to see it again. Hobbs and Shaw just got released on HD today.

This should be all otherwise they go ban us for derailing this thread

amjustme2:
Any link to DL?

Thepiratebay.org
Yts.lt

Please don't let us derail this thread any further. Let's take this to movie section. I also come here for my investment purpose and I would also feel bad if this was done by someone else..... Practically, I already am bursting people's blood vessels.

Don't want to claim another victim.

Pls I intend to buy tbills for the first time and would like to know if after buying there would be any documents issued to show I have such investment.e.g receipt or certificate.

kamsy4God:
Gurus in the house, please i need your input in this :
I have Tbill that will mature 14th February 2019,which I will re invest. I intend to do 3.3M for 364days for at least 14%., but due to some unexpected expenditures, I will have only 2.9M to invest.
My Questions is :
Should I write 3.3M in the Tbill primary market form(even though I have 2.9M in the account)
Knowing fully well that the 2.9M covers the discount value?
I know this is not applicable to Firstbank. I am asking as regards stanbic ibtc since Stanbic usually debit discount value in Tbill.
NB
Face value = 3.3M
Discount value = 2.838M
Assuming rate = 14%
Tenor =364 days
Thanks

Hello guys,
Can someone confirm if this is possible with stanbic ibtc

Okewa:
Pls I intend to buy tbills for the first time and would like to know if after buying there would be any documents issued to show I have such investment.e.g receipt or certificate.

There is always a certificate issued with the details of investment, rate and maturity date. If not issued instantly, you can always go to pick it up.

Hi...any one knows Stanbic IBTC'd secondary market rates tgos morning?

Kokobay:
Hi...any one knows Stanbic IBTC'd secondary market rates tgos morning?

I just came out from there and these were the rates and tenors i was given:

59 days - 11.5%

150 says - 12.4%

339 days - 13%.

I went for the 339 days as i cannot wait for Primary market of October 2. Now waiting for alert.

NL1960:


I just came out from there and these were the rates and tenors i was given:

59 days - 11.5%

150 says - 12.4%

339 days - 13%.

I went for the 339 days as i cannot wait for Primary market of October 2. Now waiting for alert.

Quite high

GTB Today
MATURITY
TENOR
RATE
26-Dec-2019
94
10.50%

19-Mar-2020
178
11.25%

10-Sep-2020
353
12.50%

Think stanbic much better

NL1960:


I just came out from there and these were the rates and tenors i was given:

59 days - 11.5%

150 says - 12.4%

339 days - 13%.

I went for the 339 days as i cannot wait for Primary market of October 2. Now waiting for alert.

Alert has dropped. Make i go begin do shakara for Landlord.