DigitalMallam:


You'll have to reconfirm the rate of return for the mmf o, mine with stanbic that was about 9% mid Dec. Has nosedive to a paltry 4% as at this morning. I really don't understand this 'kain' economy any longer, even in Somalia a country without a functional govt. things ain't this bad

aremso:


no matter how bad the economy and the situations are, people will still make money that is my own stand. Otedola saw it coming that very soon PMS business will be nothing again so he left when the ovation was much louder. A lesson for us to always have plans not even plan B but plans from the start of the year and make them flexible. To me whatever the situations are, money must make more monies for me. If not we will continue to complain till 2023 and people that will make money are busy making their monies. Even with bank charges reduced by CBN I will not be surprised if they still produced good result for 2020 fin yr cos am sure they will be planning now on how to restrategise to make monies from another avenue, they also wants naira devalued.

ibechris:
*Monkey Business*
�����

A lot of monkeys lived near a village.

One day a merchant came to the village to buy the monkeys.

He announced that he would buy the monkeys for £100 each.

The villagers thought he was mad.

They thought how can somebody buy stray monkeys for £100 each?

Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.

This news spread like wildfire and more people caught more monkeys to sell to the merchant.

After a few days, the merchant announced that he would buy monkeys for £200 each.

Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.

Then the merchant announced that he will buy monkeys for £500 each.

The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.

The villagers were waiting anxiously for the next announcement.

Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.

He asked his employee to take care of the monkeys he bought.

The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.

Then the employee told them he will secretly sell them monkeys for £700 each.

This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.

The next day the villagers made a queue near the monkey cage.

The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.

The villagers took care of the monkeys and waited for the merchant to return.

But nobody came.

They ran to the employee.

But he had already left too.

The villagers then realised that they had bought the useless stray monkeys for £700 each and were unable to sell them.

*Beware of Monkey Businesses*

*Real Businesses are always based on Real Products and Services*

No more monkeys business this year....

Some are coming in the form of network marketing, Ponzi scheme etc... beware!

Nice and sweet promises are calculated for u which look wonderful on paper but a mirage in reality.

This is 2020; invest wisely, so you won't end the year in regrets

Once Again; Beware of Monkey Business ������ �!! �����

aremso:


no matter how bad the economy and the situations are, people will still make money that is my own stand. Otedola saw it coming that very soon PMS business will be nothing again so he left when the ovation was much louder. A lesson for us to always have plans not even plan B but plans from the start of the year and make them flexible. To me whatever the situations are, money must make more monies for me. If not we will continue to complain till 2023 and people that will make money are busy making their monies. Even with bank charges reduced by CBN I will not be surprised if they still produced good result for 2020 fin yr cos am sure they will be planning now on how to restrategise to make monies from another avenue, they also wants naira devalued.

DigitalMallam:


You'll have to reconfirm the rate of return for the mmf o, mine with stanbic that was about 9% mid Dec. Has nosedive to a paltry 4% as at this morning. I really don't understand this 'kain' economy any longer, even in Somalia a country without a functional govt. things ain't this bad

needful:
FG Bond

kolagbemi:


Let me say i have read lots of negative feed back as regards this Keke business. At the beginning of 2019, i sat down and did projection on hire purchase and decided to try it out. I was Jobless for close to 2years and was desperate to do something. I got a loanof 2million and put everything into the business. I started mine on hire purchase plan in February 2019 with 3keke at 690k for purchase of New Bajaj and license registration.

My experience is here in Kurudu/Nyanya area of Abuja and I deal only with Hausa guys. I had intention to involve Police and Lawyers at the beginning, also wanted to put comprehensive insurance, with health and life assurance for the hirers but I jettisoned them all one by one due to the fact that I was lucky with the drivers i got.

Next month will be 1year since i begin, though it is not as smooth as i thought it would be, but it is not a bad venture. The Major obstacle to meet up with my projection was even me and not the business performance. I nearly finish my capital myself.

I had a projection of ploughing the money back to acquire more as the repayment of 20k weekly are made and it hit a total amont to buy another one. The first 6months were perfect but then i started to deep and into the capital due to challenges from home front. I should have hit 10 keke by now but I have 6 keke instead.

The hirers performance is close to 80%. One of the first 3 keke has missed just thrice (3weeks 60k) in all the one year. Another which is close to 8months now missed a week payment. Out of the 6keke only 2 are not doi g excellently well which I have retrieve Keke from them and give to another hirer.

I don't call them, i have never had issue with any of them. In fact, one of them, I only saw him yesterday since I gave him keke since February 2019. He came to checkhis balance.

That's my experience here in Abuja. The FCT administration is now limiting the activity of the keke which have now affected my going forward with it. I am now in the process of windingdown the business here.

kolagbemi:


Let me say i have read lots of negative feed back as regards this Keke business. At the beginning of 2019, i sat down and did projection on hire purchase and decided to try it out. I was Jobless for close to 2years and was desperate to do something. I got a loanof 2million and put everything into the business. I started mine on hire purchase plan in February 2019 with 3keke at 690k for purchase of New Bajaj and license registration.

My experience is here in Kurudu/Nyanya area of Abuja and I deal only with Hausa guys. I had intention to involve Police and Lawyers at the beginning, also wanted to put comprehensive insurance, with health and life assurance for the hirers but I jettisoned them all one by one due to the fact that I was lucky with the drivers i got.

Next month will be 1year since i begin, though it is not as smooth as i thought it would be, but it is not a bad venture. The Major obstacle to meet up with my projection was even me and not the business performance. I nearly finish my capital myself.

I had a projection of ploughing the money back to acquire more as the repayment of 20k weekly are made and it hit a total amont to buy another one. The first 6months were perfect but then i started to deep and into the capital due to challenges from home front. I should have hit 10 keke by now but I have 6 keke instead.

The hirers performance is close to 80%. One of the first 3 keke has missed just thrice (3weeks 60k) in all the one year. Another which is close to 8months now missed a week payment. Out of the 6keke only 2 are not doi g excellently well which I have retrieve Keke from them and give to another hirer.

I don't call them, i have never had issue with any of them. In fact, one of them, I only saw him yesterday since I gave him keke since February 2019. He came to checkhis balance.

That's my experience here in Abuja. The FCT administration is now limiting the activity of the keke which have now affected my going forward with it. I am now in the process of windingdown the business here.

kunleweb:




You've spoken well elder. If both sides of the divide is being considered for broader term view, then the government would needs funds in and out of low rates cycles, hence staying on the sideline is the best option for investors.. Rather than seeking out alternative investments or investing at very low yields. However, has any man ever overcome that itchyness, the need to spend even when unnecessary


My brother with Brexit and the Gulf region crisis still in play, these events creates excellent opportunity for smarter offshore investments to me o. I just don't know why I feel like lending ten billion pounds from the CBN and selling the pounds in the FX market for one year tenor and watch how the interplay of Britain's exit from the EU diminishes the value of its currency and cash in on this move than have myself indulge in voodoonomics. Abi I lie Fxmanager Docus Shibaraba

needful:
FG Bond

emmanuelewumi:


Not a bad Investment, but it will be oversubscribed .

needful:


My thought too. But I will try and see how it goes.

RealityShot:
Cc: emmanuelewumi, united4real

how can we subscribe for the bond?

Please kindly explain the bond buying process
Thank you.

WHY DOES CBN offer only 150 billion naira bond
When it is seeing over 500 billion over subscriptions
for treasury bills and OMO??

PLUS FG is looking to borrow 29 billion dollars right?

Why borrow 250 billion at 13.28% to pay in one year time,
Then you borrow only 225bn at 5% to pay in one year time,

and try to borrow only 150bn at 12±% to pay over 5 to 30 years time?

Is Emefiele really in charge of the CBN?
Because these decisions look like that of an illiterate!


If FG does not know what to do with cheap loans (5%!),
they should repackage the loans and sell it to us at 1 or 2% profit!

damilola1978:
Interesting read https://www.nairaland.com/5637448/nigeria-considers-2.8-billion-external

baroun04:


But, it can only self interest of some people, who are bent on having kick backs from the loans, which they can get cheaper from the money market that is always oversubscribed

needful:
FG Bond

Fxmanager:
You no lie, but that one na real positional trading. If you can get the direction right as you said, you don cash out be that, and it is only if you are not late to the party.

Tripleaj:
Good morning house, please house and guru in house. I was trying to read more about the FGN Bond. According to Ontario Securities Commission (OSC) and Get Smarter About Money;
4 common risks for bond investors
1. Interest rate risk
When interest rates rise, bond prices fall. When interest rates fall, bond prices rise. This is a risk if you need to sell a bond before its maturity date and interest rates are up. You may end up selling the bond for less than you paid for it.

2. Inflation risk
This is the risk that the return you earn on your investment doesn’t keep pace with inflation. If you hold a bond paying 2% interest and inflation reaches 3%, your return is actually negative (-1%), when adjusted for inflation. You’ll still get your principal back when your bond matures, but it will be worth less in today’s dollars. Inflation risk increases the longer you hold a bond.

3. Market risk
This is the risk that the entire bond market declines. If this happens, the price of your bond investments will likely fall regardless of the quality or type of bonds you hold. If you need to sell a bond before its maturity date, you may end up selling it for less than you paid for it.

4. Credit risk
If you buy bonds from a company or government that isn’t financially stable, there’s more of a risk you’ll lose money. [b]This is called credit risk or default risk. Sometimes, the issuer can’t make the interest payments to investors. It’s also possible the issuer won’t pay back the face value of the bond when it matures.

Is it possible not to get face value (capital) at the end of maturity.

emmanuelewumi:



The risk free way to enjoy your bond it the ability to hold till maturity, it requires discipline and ability to think through before committing fund to any Investment.

We have people who will buy Treasury Bills of 91 days and after 30 days they will be planning to sell due to one emergency that requires money. This is a sign of indiscipline and carelessness.

That is why I always preach diversification, before committing funds into an investment we need an emergency fund that can take care of a minimum of 3 months of our expenses.

If you are liquid with different cash flows you can always take advantage of when bonds are cheaper due to interest rates fluctuations and buy more.


Investors who invested N100 million on FG 10 years bond at 16%.
Will receive a coupon payment of N16 million for 10 years and then get his N100 million after 10 years.

If part of the N16 million coupons are Invested in inflation free Investmens like real estate, defensive stocks, personal business, Eurobond. I think such an investor would have hedged inflation.

RealityShot:

Please the current rate for stanbic mmf can be seen clearly on the site below.. Not this your own.

https://www.stanbicibtcassetmanagement.com/nigeriaassetmanagers/personal/Price-History

Cc: Hallenjay

emmanuelewumi:



The risk free way to enjoy your bond it the ability to hold till maturity, it requires discipline and ability to think through before committing fund to any Investment.

We have people who will buy Treasury Bills of 91 days and after 30 days they will be planning to sell due to one emergency that requires money. This is a sign of indiscipline and carelessness.

That is why I always preach diversification, before committing funds into an investment we need an emergency fund that can take care of a minimum of 3 months of our expenses.

If you are liquid with different cash flows you can always take advantage of when bonds are cheaper due to interest rates fluctuations and buy more.


Investors who invested N100 million on FG 10 years bond at 16%.
Will receive a coupon payment of N16 million for 10 years and then get his N100 million after 10 years.

If part of the N16 million coupons are Invested in inflation free Investmens like real estate, defensive stocks, personal business, Eurobond. I think such an investor would have hedged inflation.

ahiboilandgas:
any bond at 16 ?

emmanuelewumi:



The risk free way to enjoy your bond it the ability to hold till maturity, it requires discipline and ability to think through before committing fund to any Investment.

We have people who will buy Treasury Bills of 91 days and after 30 days they will be planning to sell due to one emergency that requires money. This is a sign of indiscipline and carelessness.

That is why I always preach diversification, before committing funds into an investment we need an emergency fund that can take care of a minimum of 3 months of our expenses.

If you are liquid with different cash flows you can always take advantage of when bonds are cheaper due to interest rates fluctuations and buy more.


Investors who invested N100 million on FG 10 years bond at 16%.
Will receive a coupon payment of N16 million for 10 years and then get his N100 million after 10 years.

If part of the N16 million coupons are Invested in inflation free Investmens like real estate, defensive stocks, personal business, Eurobond. I think such an investor would have hedged inflation.

emmanuelewumi:



Not a recent bond. We have different bonds Sukuk, Green bond, FG bond offering different rates.

But you should be able to get at an average of 13%

odimbannamdi:


Thanks for sharing your experience. I personally learnt something

healthserve:




Positive contribution. I admire this piece. Thanks for sharing to the world. You've encouraged atleast one person to be pro active and take the bull by the horn.