RealityShot:
I just decided to stick to treasury bills.
It fits my purpose despite the rate at the moment.

I need Zero Access to my funds.
Plus I like the upfront payment.


Enough distractions already. (am wasting my time looking for new investments, the difference ain't worth all the stress and distraction)

Thank you PA Emmanuelewumi and others for all your help.

zamirikpo:


U r just in my head, TB was perfect for me. And with what is happening around naija I don't see myself tying down huge funds for 3--5years, money I may need anytime from now.

My budget is done every year. I sha hope thing improve before July.

Satoshi2019:
Hello gurus. Pls any info on credibility on fixed deposit of Renmoney? Has anyone tried it. Thinking of fixing 1m

Satoshi2019:
Hello gurus. Pls any info on credibility on fixed deposit of Renmoney? Has anyone tried it. Thinking of fixing 1m

zamirikpo:


U r just in my head, TB was perfect for me. And with what is happening around naija I don't see myself tying down huge funds for 3--5years, money I may need anytime from now.

My budget is done every year. I sha hope thing improve before July.

tomtom370:
This is my reality with a twist.

FBN offers about 9.4% on their Eurobond with a lock in period of 3-5years and minimum deposit of $2,500 but United Capital’s rate is 8% with a lock in period of 30 days at $1,000 entry.

FBN would have been sweet but thinking of the duration and the realities that unfold in this economy, I opted for the United Capital deal.

While expecting the best from life, it’s really good to prepare for the worst as well, that’s why diversification is essential for any diligent mind.

God go help us all.

Hello sir, please do you think United capital bond fund is a good investment?

tomtom370:
This is my reality with a twist.

FBN offers about 9.4% on their Eurobond with a lock in period of 3-5years and minimum deposit of $2,500 but United Capital’s rate is 8% with a lock in period of 30 days at $1,000 entry.

FBN would have been sweet but thinking of the duration and the realities that unfold in this economy, I opted for the United Capital deal.

While expecting the best from life, it’s really good to prepare for the worst as well, that’s why diversification is essential for any diligent mind.

God go help us all.

Nigsrdumb:


I'll tell you what I've gone through so far, my account abroad was shut down because I sent dollars to naija, I also almost lost 1 thousand dollars that got stuck in a corresponding bank.

I really don't know, nothing seems to work properly in naija .

codeME:
Hello great people, just seeing this tread and have been reading page by page, i want to be investing a percentage of my profit every month on something, which best way do you think i can go. I will really appreciate good advice. Thanks.

ojesymsym:
Since what you want to do is more savings, mutual funds will be your best bet.
Although they are a couple of investment firms you use my preference is for stanbic ibtc mutual funds. You can open it online by sending them a message and they will send you the forms and the kyc requirements, in less than a week you are ready to start putting a part of your income inside it. I do hope you have the discipline to follow through with your plan and not default after 2 months because this is not like school where you get punished for not submitting assignment, instead in this case as in all investments, you are your own supervisor.
Na simple question you be ask o, I come enter de deliver lecture, abeg non vex.

billtommy:
According to what I was told about fbn eurobond, minimum holding period is 6 months. But the bond tenor is 3-5 years.....I don't think it should attract any penalty of you take your money in let's say a year after investing. Anybody that is familiar with this should please enlighten us.

ahiboilandgas:
it not easy

Jejebabaa:

This is strange sir, can you tell us more please as many people on this platform usually send dollars to Naija without any issue with their foreign account

Nigsrdumb:



Everyone's case is different, what I was told is that any payment over 10 k will be flagged automatically on their system.

Whether they contact you or not will be based on certain criteria, for instance if you send a lot over a very short period.

They can ask for compliance paperwork or require you to migrate your account into a business one depending on the circumstances.or flag the tax man.

Anyway better to be careful, d feds are watching.

Donbrig:
I think there has never been a time in our history with Nigerians having so much money in hand and don't even know how to invest or what to do with it.

9jatriot:
I de tell you. As a typical Nigerian who always has someone or something to blame beyond himself, my own scape goat is our educational system. Many of us were brought up to become employees in future, only certain families grown their off springs to become investors or business men in future.
Even some people who run successful businesses do not mentor their kids to follow their path, instead they train them to follow the least path of resistance to become employees so that it gets to a stage where people have money in their hands and suddenly start opening Nairaland threads on what business they can do if they have 5 million for example.

9jatriot:
I de tell you. As a typical Nigerian who always has someone or something to blame beyond himself, my own scape goat is our educational system. Many of us were brought up to become employees in future, only certain families grown their off springs to become investors or business men in future.
Even some people who run successful businesses do not mentor their kids to follow their path, instead they train them to follow the least path of resistance to become employees so that it gets to a stage where people have money in their hands and suddenly start opening Nairaland threads on what business they can do if they have 5 million for example.

aremso:


you have made my sunday with this right up！that is why wt even our degrees most people will still remain poor cos of our faulty education system.

emmanuelewumi:



Don't blame the educational system, the educational system trains us not to make mistakes and to be good employees.
Because we don't want to make mistakes we avoid risks and investments. In investment and business we take calculated risks based on our experience, information and knowledge of the business or investments.

People in big multinational companies collect severance package after retirements that run into N100 million and above, but most of them will become broke in less than 5 years.

Why is it so? I think we have a faulty value system.

emmanuelewumi:



Don't blame the educational system, the educational system trains us not to make mistakes and to be good employees.
Because we don't want to make mistakes we avoid risks and investments. In investment and business we take calculated risks based on our experience, information and knowledge of the business or investments.

People in big multinational companies collect severance package after retirements that run into N100 million and above, but most of them will become broke in less than 5 years.

Why is it so? I think we have a faulty value system.

9jatriot:
I don't know if I should agree or disagree with you.
I have noticed that jews (Isrealites), Lebanese and to some extent Indians are able to run family businesses from one generation to the other. Even when they attend Ivory league schools they still return to their family business and use their knowledge to improve their processes, not so for us here. I guess in that regards we could say value system plays its role here.

aremso:



Very correct, i know of some people that got millions as severance package in Mobil oil around 2007 and today they are in a state of penury even some have even died.

9jatriot:
I don't know if I should agree or disagree with you.
I have noticed that jews (Isrealites), Lebanese and to some extent Indians are able to run family businesses from one generation to the other. Even when they attend Ivory league schools they still return to their family business and use their knowledge to improve their processes, not so for us here. I guess in that regards we could say value system plays its role here.

billtommy:
According to what I was told about fbn eurobond, minimum holding period is 6 months. But the bond tenor is 3-5 years.....I don't think it should attract any penalty of you take your money in let's say a year after investing. Anybody that is familiar with this should please enlighten us.

ibechris:





Since I was born down to this very day of my existence,I have never met a rich teacher.
Surprisingly, in my 4th year in the University in one of our real estate finance classes,i interjected and boldly asked my lecturer an intelligent lady then,and i said ma, can u teach us how to make money with the application of this course.

Trouble:
She went beserk and said it boldly,I am not hear to teach u and others how to make money,if u want to make money that I should go learn a trade or do something that will give me money.

Since then, I knew no one will teach u how to be successful except u (yourself). It is not about making the money but preserving it by taking certain investible risks. [b]Most educated people in Nigeria are afraid of taking risk,[/b]that is why u see these men in business doing well especially these Igbo guys who usually go through years of learning a particular trade and most end up doing so well. It is not about school but mentoring and being able to apply what u have been taught.

zamirikpo:


U r just in my head, TB was perfect for me. And with what is happening around naija I don't see myself tying down huge funds for 3--5years, money I may need anytime from now.

My budget is done every year. I sha hope thing improve before July.