rotile247:


It Should be instant. The amount debited from your account is less by your interest. Eg 700k tbills with interest of 30k, it is 670k that will be debited from your account but your tbills investment will read 700k. So automatically you already received your interest.

In this context can I fill 700k on the form? Knowing that I have 670k in my account?

Awesomemama:


In this context can I fill 700k on the form? Knowing that I have 670k in my account?

No you cant... If you do, they wont charge you,meaning you wont be debited...

E.g ,you filled in for 700k but you have 670k, it means you are telling them you are no longer interested in buying treasury bill.

dake40:


No you cant... If you do, they wont charge you,meaning you wont be debited...

E.g ,you filled in for 700k but you have 670k, it means you are telling them you are no longer interested in buying treasury bill.

Okay
Thanks

koonbey:


According to your calculations, the Eurobond would return ($1000) 400k naira + ($90) 36k = 436k wheras the tbill would return 403k. How is that BS?

Despite all the talk of recession in the US, we all know that the likelihood of a devaluation there is much lower than in Nigeria. Even Dangote recently spoke about keeping 60% of his investments outside Africa going forward, citing devaluation as one of his concerns - https://www.bloomberg.com/features/2017-aliko-dangote-interview/.

you are right.

436k trumps 403k at the end of the year.
It's minimum investment that's the is now.
Am looking into dollar fund now.
Thank you

RealityShot:
Beware of the Nigerian stock market
It's not immune to the corruption of
This society

RealityShot:
don't mind those advocating we hedge funds in dollar currency...
When Russia, China etc are boycotting the currency and trading electronically or in gold.
Mtchewww

https://www.google.com/search?q=Russia+boycott+dollar&client=ms-opera-mini-android&channel=new

Sit back and do the math..
You put 360k/1000$ in Eurobond @ 9% = 33k
Dollar rises to N 400 great!!

No!!
Your 1k$ = 400k and your interest = 36k ONLY! @400/$
BS!

Meanwhile, 360k @12% in Tbills = 43k


Show me the gain of doing EuroBonds
(you might end up buying $ @370 anyway)

RealityShot:
you are right.

436k trumps 403k at the end of the year.
It's minimum investment that's the is now.
Am looking into dollar fund now.
Thank you

RealityShot:
hi.. Please what is the current interest rate on the sibtc dollar fund?
I have a mmf account with them, will I need to open another account for this?
Thank you

If Only you have done ur Research . You wouldn't have said the bolded Above.

If you were concentrated on naira asset btw 2014 - 2016. Nobody would tell you about euro-bond.

Hope U're Aware you cant get above 6% on eurbd P/A presently ?

My Advise try to have a diversified portfolio and you will be fine.

pls who was successful with fbn for 364 days? @ what rate? thanks

RealityShot:
you are right.

436k trumps 403k at the end of the year.
It's minimum investment that's the is now.
Am looking into dollar fund now.
Thank you

Dollar fund from where

Mfunkynation:
pls who was successful with fbn for 364 days? @ what rate?
thanks

I was not successful
Too sad ☹️
My friends with other banks got through

chigo4u:
Dollar fund from where

stanbic asset management has a dollar fund.
dont know the rate minimum capital is $1000 / N360k

Witches:









If Only you have done ur Research . You wouldn't have said the bolded Above.

If you were concentrated on naira asset btw 2014 - 2016. Nobody would tell you about euro-bond.

Hope U're Aware you cant get above 6% on eurbd P/A presently ?

My Advise try to have a diversified portfolio and you will be fine.

#juxtaposed!

what am i doing at eurobond thread if not research?

and you think am not NSEMPA?

and why did a dog chase me this morning while seaching for a shop landlord??


JORR O!

Mfunkynation:
pls who was successful with fbn for 364 days? @ what rate?
thanks

dont mind those BFs!

they used all our money to close september register!

am so getting an sibtc account!

they think we are all fools...
offering me 12% on friday
mtcheewwww

RealityShot:
stanbic asset management has a dollar fund.

dont know the rate
minimum capital is $1000 / N360k

Please inform the house if you know their offer of yield/rate.

Mfunkynation:
pls who was successful with fbn for 364 days? @ what rate?
thanks

I pulled throug, though it was a poor one. Just 12.00℅ for 350 days. FBN get mind sha. They have not been generous enough with their rates. I am considering opening account with SIBTC.

RealityShot:
#juxtaposed!



and why did a dog chase me this morning while seaching for a shop landlord??


JORR O!

RealityShot:
stanbic asset management has a dollar fund.

dont know the rate
minimum capital is $1000 / N360k

hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat there only available secondary market comes on from 8am to 11am and I can't fill ahead dat the interest comes everyday dat II shd come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.
Thanks

Hallenjay:
hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat there only available secondary market comes on from 8am to 11am and I can't fill ahead dat the interest comes everyday dat II shd come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.
Thanks

Why close the account when you can just transfer all your money to another bank?

And, yes! All banks have time frames their secondary market are opened.

Stanbic secondary NTB start by 10am to 1pm

igbizen:
Tbill vs building
Tbill vs Eurobond
Tbill vs Dollar

��� invest, know your path and do it religiously.
Like one of my colleague would say, “ we said building is not an investment. But our friends have buildings to show after years, we have no money to show”. A little here and there balances things. The analogies are too vague for me. I make X amounts every month and invests 1/3 of X on Tbills and the remaining 2/3 on expenses and building a rental property-I don’t think it’s a bad idea. That’s what I currently do. And it gives me fulfillment.

Thats not how you get rich.You max your income..Why do business where you make 5%/Annum and can do another business with the same risk level and make double of that amount at the same time.

Lets say you invest N100M into T-bills.A little increase from 10%-11% puts an extra 1M into your pocket.You cannot say because you are diversifying,you have a collective income of lets say 8% on that same N100M.That is deliberately denying yourself N3M.Not a wise way of investing

RealityShot:
#juxtaposed!

what am i doing at eurobond thread if not research?

and you think am not NSEMPA?

and why did a dog chase me this morning while seaching for a shop landlord??


JORR O!

I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

Witches:

kai.. Exactly that one on the left!

DigitalMallam:


I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

ok thank you Sir.

Hallenjay:
hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat t... come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.

friday is always dicey.

go before 10 am monday
seek out tbills officer 1st.

use the account, they have best rates,

you can also go to another branch.

Hallenjay:
hi
Pls kindly advice me on ds.
I make some deposit to my stanbic account and try to get d form tru mail but none of the customer reply, den I went to d bank the next day to pick a tbill form for stanbic, the staffs was just pushing from one to the other ,from teller to customer care to another person again... Las las the customer section called me bak dat der is no tbill by this hour dat there only available secondary market comes on from 8am to 11am and I can't fill ahead dat the interest comes everyday dat II shd come the next day.
I got pissed off and request to close my account, they start anoda go here go here again because it was Friday and I've a meeting to attend, I left the bank and go home.
Now my question is do stanbic actually have times they auction der secondary rate and if I want to close my account, will I be able to cash out all my money without charges considering am closing it.
Thanks

Stay with Stanbic, they are the best.

Always go early to book your TBills. Look for a branch where they have customer care officers who know about money market or when you get there, tell them to call their Global Market guys at the Head Office so you can speak with them. The Global Market guys will direct the branch on what to do.

DigitalMallam:


I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

Thank you for the information sir.

E no easy to make money ooo

loose out on 364 days with FBN as well too bad when is the next primary bidding please all my oga in the house or i should just go for secondary as diaspora customer very hard to get hold of them by email not really ok you will send firstcontact email and copy diaspora sometimes it takes both 7days before replying you with we are very sorry for late reply even by phone diaspora never pick but firstcontact do pick and they will still send me back to diaspora section so please advise secondary or primary just to avoid missing out always thanks

Adiwana:


Thats not how you get rich.You max your income..Why do business where you make 5%/Annum and can do another business with the same risk level and make double of that amount at the same time.

Lets say you invest N100M into T-bills.A little increase from 10%-11% puts an extra 1M into your pocket.You cannot say because you are diversifying,you have a collective income of lets say 8% on that same N100M.That is deliberately denying yourself N3M.Not a wise way of investing

This is the vague analysis I don’t like. Do I have 100M coming to me at once. Or are you not seeing people’s auction failing everyday. Just do what works for you. Leave max out for now. 10 years time we will talk. I have my own path and calculation too bro. I did not win lottery so stop analysing with 100M for me.

igbizen:

This is the vague analysis I don’t like. Do I have 100M coming to me at once. Or are you not seeing people’s auction failing everyday. Just do what works for you. Leave max out for now. 10 years time we will talk. I have my own path and calculation too bro. I did not win lottery so stop analysing with 100M for me.

Bro, don't take it too personal.We are not fighting.lol

The 100M was just for analysis. Could've used 10M, could've used 100K. Doesn't take away anything.It doesn't even have to be T-bills as basis of the whole thing. I talked about T-bills cause that's the thread we are on

I for one diversified from T-bills by purchasing a property which rose by almost 200% in 2 years.T-bills won't give me that

All am saying if you didn't get my point is you don't diversify all in the name of spreading out your investments.You diversify cause other investment options may offer more than what you get from your current stream of investment

Main thing is we are just contributing our thoughts and how to make as much money as possible. If spreading out works for you, then you do you

Hello, guys

I've overworked my brain trying to calculate figures since morning. I want to access a bank loan to reinvest in treasury bills.

Is this a wise move?

Will I ultimately be on the losing side of this equation?

iamadonis2:
Hello, guys

I've overworked my brain trying to calculate figures since morning. I want to access a bank loan to reinvest in treasuring bills.

Is this a wise move?

Will I ultimately be on the losing side of this equation?

How much is bank loan interest rate per annum?
Around 21% and above.

How much is Tbills interest rate per annum?
Around 13% as at today.

You want to use 21% debt to make 13% profit?

This picture explains what would happen if you try it.

Wickedtruths:


How much bank loan interest rate per annum?
Around 21% and above.

How much is Tbills interest rate per annum?
Around 13% as at today.

You want to use 21% debt to make 13% profit?

This picture explains what would happen if you try it.

Funny. Thanks for sharing your thoughts, Sir. Thank you

DigitalMallam:


I'll advice you to do your due diligent with your bank before investing, it's not cheap to maintain $ account. You deposit money, you are charged commission, you withdraw same charge applies, you withdraw penalty applies, even when you receive or send money online you incur charges. At the end of the day, IF Naira is not badly depreciated, you might end up losing sizable part of your money.
Below is the current rate

now is it yield or yield at issue that I will get?

.. After doing the math... @7.63 for 2025
And considering charges of like 3-5%
It's not worth the stress... Except dollar reaches N450-500

I will stick to Tbills and start a business now... Stock goods...

If dollar rises.. The goods may double in price.
That will make me more money too.. Eh.. Lol