youngalex:
Is investment one covered/insured as a mutual fund institution?

Yes Sir. You can confirm from http://sec.gov.ng/cmos/ search investment one financial services

9jatriot:
Less than 10%.
If government makes that mistake, many ventures like MMM will open up and collect those money from the so called investment savvy people who want to control their money.
I have had this kind of argument before and I tell the people to invest the remaining part of their income if they believe they are so good in investment. A lot of people can't wait to have assess to that money so that they can blow it up in smoke in the name of making investments.

blowing any how is also Good for manufacturing and consumers good seller ...we need everybody to make the econimic work

youngalex:
Is investment one covered/insured as a mutual fund institution?

Very funny question. Investment One Financial Services limited is the former GTB Asset Management Company.

I have been dealing with them for about 10 years, as per Stockbroking things

ahiboilandgas:
blowing any how is also Good for manufacturing and consumers good seller ...we need everybody to make the econimic work

Blow any how and then become a liability and burden to the country and their struggling children who are yet to get their besrings

unite4real:


No you don't

First time i am getting confused dealing with Stanbic. I was told the minimum for Sukuk bond is 50m. Is this true ? Though the asset management team handling my MMF are yet to reply my mail.

emmanuelewumi:



Thanks business should be able to generate the capital for the expansion.

I guess you are the gentleman from Aba

All correct sir

ahiboilandgas:
150bn naira sukus fgn bond at 11.2 is on offer for 7 years ...instead of the fluctuation in tb ....use the couponds to buy tb, secondary markets bonds and blue chip stocks ( zenith and Gtb ) ....and continue your hustling up and down

So i wont be ashamed of my question


Does the bolded mean my funds will be tied down for 7 years

Na knowledge i find come this tread

My question has been answered thanks

Phyde:

First time i am getting confused dealing with Stanbic. I was told the minimum for Sukuk bond is 50m. Is this true ? Though the asset management team handling my MMF are yet to reply my mail.

The offer document from Debt Management Office say 10k.

Download the offer document, fill and submit to any of the agents.

iamloyalty:
I am out of this thread for now. When TB is back someone should mention me, abeg.

Tag along. You may learn one or two new things while waiting for tb rate to improve.

emmanuelewumi:



Blow any how and then become a liability and burden to the country and their struggling children who are yet to get their besrings

imagine if people stop blowing money on beer and cigrattes...what will happen to employees and share holder of Nigeria breweries and Bat.....imagine if girls stop blowing money on data to gossip instagram veodeos....this affect revenue....if everybody become an investor where will the free cash come from

hollerbaby:



So i wont be ashamed of my question


Does the bolded mean my funds will be tied down for 7 years

Na knowledge i find come this tread

yess can sell at the secondary markets but u will take a lost if prices increase...

9jatriot:
Less than 10%.
If government makes that mistake, many ventures like MMM will open up and collect those money from the so called investment savvy people who want to control their money.
I have had this kind of argument before and I tell the people to invest the remaining part of their income if they believe they are so good in investment. A lot of people can't wait to have assess to that money so that they can blow it up in smoke in the name of making investments.

Alternatively, I think the government and the pension fund managers need to be innovative and bring in changes on how to invest the pension fund.

In addition to the high risk, low and medium risk options available for workers to choose from, they should find a way of incorperating housing Plan.

There is a massive gap in housing in Nigeria. They can partner with big and experienced estate managers to build large numbers of houses between 3M-10M or above depending on the workers' salary in addition to using the compulsory National housing fund money they remove from workers' salary monthly.

Let the houses be in form of a mortgage to interested workers at a good rate spread for some years say 10-30yrs period. At the time of retirement, the value of the house would have beaten inflation and the worker would have been relieved from the burden of owning a house.

They just deduct money monthly for National Housing Fund without workers benefitting from owning a house and no accountability on how this fund is spent. These are some Important bills the legislators are supposed to be passing at the national level!

ahiboilandgas:
imagine if people stop blowing money on beer and cigrattes...what will happen to employees and share holder of Nigeria breweries and Bat.....imagine if girls stop blowing money on data to gossip instagram veodeos....this affect revenue....if everybody become an investor where will the free cash come from

I understand, government has the responsibility of protecting senior citizens, reason why they have access to 50% of their retirement savings to either blow or manage well, while the remaining 50% will be an annuity that will be paid every month.

If they retire at 65 years they can buy a 10 years annuity, if they die before 10 years time. Their children are entitled to collect the annuity balance

On this I agree.
Maybe eligible after working for a period of 10 or 15 years.

anjilgreat:


Alternatively, I think the government and the pension fund managers need to be innovative and bring in changes on how to invest the pension fund.

In addition to the high risk, low and medium risk options available for workers to choose from, they should find a way of incorperating housing Plan.

There is a massive gap in housing in Nigeria. They can partner with big and experienced estate managers to build large numbers of houses between 3M-10M or above depending on the workers' salary in addition to using the compulsory National housing fund money they remove from workers' salary monthly.

Let the houses be in form of a mortgage to interested workers at a good rate spread for some years say 10-30yrs period. At the time of retirement, the value of the house would have beaten inflation and the worker would have been relieved from the burden of owning in a house.

They just deduct money monthly for National Housing Fund without workers benefitting from owning a house and no accountability on how this fund is spent. These are some Important bills the legislators are supposed to be passing at the national level!

emmanuelewumi:



The offer document from Debt Management Office say 10k.

Download the offer document, fill and submit to any of the agents.

I just did now, will submit before June 2. Thank you sir.

emmanuelewumi:


[b]
It is impossible for 20% of the employees to be financially intelligent.[[color=#006600][/color]/b]

But a worker who is financially intelligent should be allowed to invest his Retirement Savings Account by himself. This can be determined if the employee accumulated a sum or built an investment that is equivalent to or higher than the sum in his Retirement Savings Account.

If at retirement you have N20 million in your Retirement Savings Account, but you have built a personal investment portfolio of N25 million by yourself apart from the Retirement Savings .

It is better to allow such an employee to manage his total Retirement Savings if he wishes

Even if you try educating them with your little knowledge they will still be sceptical and afraid

9jatriot:
On this I agree.
Maybe eligible after working for a period of 10 or 15 years.

Exactly!

anjilgreat:


Alternatively, I think the government and the pension fund managers need to be innovative and bring in changes on how to invest the pension fund.

In addition to the high risk, low and medium risk options available for workers to choose from, they should find a way of incorperating housing Plan.

There is a massive gap in housing in Nigeria. They can partner with big and experienced estate managers to build large numbers of houses between 3M-10M or above depending on the workers' salary in addition to using the compulsory National housing fund money they remove from workers' salary monthly.

Let the houses be in form of a mortgage to interested workers at a good rate spread for some years say 10-30yrs period. At the time of retirement, the value of the house would have beaten inflation and the worker would have been relieved from the burden of owning in a house.

They just deduct money monthly for National Housing Fund without workers benefitting from owning a house and no accountability on how this fund is spent. These are some Important bills the legislators are supposed to be passing at the national level!

They can't go into that, pension fund managers are portfolio Investors. They won't handle property, they Invest in financial instruments.

Professionals, practitioners in the housing and real estate sector, SEC and the investing public should come together and create a financial instruments for mortgage and properties, you will be surprised that the pension fund managers will invest in such instruments.

The society needs a mix and moderation of spendthrift, blowers ,investors ,savers to perpetually thrive

Phyde:

First time i am getting confused dealing with Stanbic. I was told the minimum for Sukuk bond is 50m. Is this true ? Though the asset management team handling my MMF are yet to reply my mail.

This is the third time government is selling sukuk in Nigeria. The person you met may not be aware and is mistaken it for FGN bond. Why don't you go with the printed offer. One person will pass it around and before you know it, you are sorted out. Which state and branch did u visit.

Do u have a cscs number already. If u don't, go get one first and it's not Stanbic IBTC bank that will do that but stock brokers.

If you already have, the just fill the sukuk form, go to same Stanbic and pay into the account for sukuk as advertised.

Take your form and evidence of payment and walk out of Stanbic if they cannot help. Take them to either FBN Quest Merchant Bank or Lotus Financial services LTD. Give it to them and go home. Wait after 6 months and receive your first rent in December.

emmanuelewumi:



Very funny question. Investment One Financial Services limited is the former GTB Asset Management Company.

I have been dealing with them for about 10 years, as per Stockbroking things

my oga na so o na part of due diligence as we tell them thanks for helping out.

emmanuelewumi:




They can't go into that, pension fund managers are portfolio Investors. They won't handle property, they Invest in financial instruments.

Professionals, practitioners in the housing and real estate sector, SEC and the investing public should come together and create a financial instruments for mortgage and properties, you will be surprised that the pension fund managers will invest in such instruments.

I think the government and legislators can come up laws to see how such parnership can work out for the good of not just only the workers but a means of job creating for builders , civic engineers, electricians etc .

I think anjilgreat was very specific on what aspect of the pension fund should be invested in housing. there is a component that is component for National Housing Fund that is also deducted that can be pooled together and used as a low cost housing solution while the other aspects of the pension funds can continue to be used in the manner they have been preserved and invested.

emmanuelewumi:




They can't go into that, pension fund managers are portfolio Investors. They won't handle property, they Invest in financial instruments.

Professionals, practitioners in the housing and real estate sector, SEC and the investing public should come together and create a financial instruments for mortgage and properties, you will be surprised that the pension fund managers will invest in such instruments.

I sent a mail to Zenith bank since money, I de wait their response since.

unite4real:


This is the third time government is selling sukuk in Nigeria. The person you met may not be aware and is mistaken it for FGN bond. Why don't you go with the printed offer. One person will pass it around and before you know it, you are sorted out. Which state and branch did u visit.

Do u have a cscs number already. If u don't, go get one first and it's not Stanbic IBTC bank that will do that but stock brokers.

If you already have, the just fill the sukuk form, go to same Stanbic and pay into the account for sukuk as advertised.

Take your form and evidence of payment and walk out of Stanbic if they cannot help. Take them to either FBN Quest Merchant Bank or Lotus Financial services LTD. Give it to them and go home. Wait after 6 months and receive your first rent in December.

Olaide1295:


Do you run the POS business yourself or passively?

I failed twice at running it passively in 2017. One story after another.

Passively bro...
You would have continued, within a short while you should master it perfectly well

unite4real:


This is the third time government is selling sukuk in Nigeria. The person you met may not be aware and is mistaken it for FGN bond. Why don't you go with the printed offer. One person will pass it around and before you know it, you are sorted out. Which state and branch did u visit.

Do u have a cscs number already. If u don't, go get one first and it's not Stanbic IBTC bank that will do that but stock brokers.

If you already have, the just fill the sukuk form, go to same Stanbic and pay into the account for sukuk as advertised.

Take your form and evidence of payment and walk out of Stanbic if they cannot help. Take them to either FBN Quest Merchant Bank or Lotus Financial services LTD. Give it to them and go home. Wait after 6 months and receive your first rent in December.

Can you please help us new bees with a figure lets say 1millon

11.22 % , 7 years and. Half yearly rent payment for 7 year.
Please if u dont mind give practical figures of the payments ever 6month

unite4real:


This is the third time government is selling sukuk in Nigeria. The person you met may not be aware and is mistaken it for FGN bond. Why don't you go with the printed offer. One person will pass it around and before you know it, you are sorted out. Which state and branch did u visit.

Do u have a cscs number already. If u don't, go get one first and it's not Stanbic IBTC bank that will do that but stock brokers.

If you already have, the just fill the sukuk form, go to same Stanbic and pay into the account for sukuk as advertised.

Take your form and evidence of payment and walk out of Stanbic if they cannot help. Take them to either FBN Quest Merchant Bank or Lotus Financial services LTD. Give it to them and go home. Wait after 6 months and receive your first rent in December.

Ohhh, thank you sir. I think i am the one that is not getting it right. I was thinking it is the same stanbic that will give me the CSCS number just like they did in MMF. So which stockbroker is best to get the number from and is it free ? I really need to forget some money for 7 years in this bond. Is there room for automatic compounding ?

9jatriot:
I think anjilgreat was very specific on what aspect of the pension fund should be invested in housing. there is a component that is component for National Housing Fund that is also deducted that can be pooled together and used as a low cost housing solution while the other aspects of the pension funds can continue to be used in the manner they have been preserved and invested.

Pension Fund will invest in any derivative that is created by SEC, backed by legislature and attractive to the investing community..

They should create REITs, and mortgage backed derivatives etc

We have Nigeria Mortgage Refinance Corporation, I don't know what they do.

This company can be allowed by legislature to give loans to workers and place a lien on the Retirement Savings of the workers for home acquisition.

That should not be the duty of the pension fund managers

Their own is to invest in risk free financial instruments and derivatives

If government creates a 20 years real estate bond, pension fund managers will buy provided the bond will pay attractive coupon

Phyde:

Ohhh, thank you sir. I think i am the one that is not getting it right. I was thinking it is the same stanbic that will give me the CSCS number just like they did in MMF. So which stockbroker is best to get the number from and is it free ? I really need to forget some money for 7 years in this bond. Is there room for automatic compounding ?

There is no room for automatic compounding. Anytime your rent is paid, you must put your brain to use again.

There are many brokers. U have Morgan capital, Afrinvest. This one's can relate with u online without visiting their offices. There are others too but these I have tried.

What is the guaranteed rate for VGIF? And secured is the invested capital?

emmasoft:


Yes Sir. You can confirm from http://sec.gov.ng/cmos/ search investment one financial services