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PraiseDLord's Posts

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AutosRe: Clean Honda City 2011 Model For Sale For 1.4 by PraiseDLord: 2:10pm On Mar 23, 2019
N1.050m
InvestmentRe: Treasury Bills In Nigeria by PraiseDLord: 5:20pm On Mar 12, 2019
feelamong:
Also add the custody charges for holding the Tbills for you
How much was charged as custody fee?
InvestmentRe: Treasury Bills In Nigeria by PraiseDLord: 9:39pm On Feb 20, 2019
CompareDBest post.8=75878097:
"Some people" are correct. There is NO cap to your loss. With the extreme example you gave, you can lose a good % of your capital. Let's do some simple math without taken charges into consideration:

capital - N100k
tenure - 364 days
discounting - 10%pa
rediscounting - 18%pa

You get N10k upfront, N90.u i
8.
huh



.iuu
U
U

k deducted. N100k to be credited on 364th day
Day 100, pre-liquidation - some banks (not sure if all) tell you the rediscounting rate so you can reconsider or accept & write formal instruction
The instruction needed to terminate your investment would be N100k @ 18% for 264 days. Your capital and upfront interest needs to fund all of it. That is give N(100*18/100*264/365)= approx. N13k upfront interest to the secondary market buyer.
So you get N110k - N13k = N97k. But, we did not consider charges, so you actually get less

This is why if you scour through this thread, you will tire before you find any of those stalwarts of investment you asked this question saying they pulled their funds halfway. It is an unwritten rule. Understandably, it is only broken as a last resort.

However, the opposite situation can also arise, and some investors use these as opportunities. Imagine you had 1bn and rates fell by 2% in a week; in 7days you could earn 2% of 1bn by rediscounting in the secondary market, give or take some charges.
Christianity EtcRe: Why I Believe God Does Not Exist by PraiseDLord: 11:54pm On Feb 09, 2019
Whether you believe or not in God's existence doesn't change the reality - our rulleth and reigneth!!!
In fact, I don't believe you exist. This stuff just wrote it self... grin grin grin
AutosRe: Bought Brandnew 2014 Kia Rio BACK UP FOR SALE AT 1.6 NET PR OUT!! by PraiseDLord: 6:13pm On Feb 05, 2019
N1.3m?
AutosRe: SOLD Less Than 1-Year Barely Used, 2005 Toyota Corolla N1.450m by PraiseDLord: 7:40pm On Feb 01, 2019
N1.1m?
AutosRe: SOLD! SOLD!! Price crash!!! Clean Nigerian Used Toyota Corolla 2004 1.2m by PraiseDLord: 7:39pm On Feb 01, 2019
N1m?
AutosRe: Niger Used Toyota Corolla 2011 Leather Chair For 1.9 by PraiseDLord: 10:35am On Feb 01, 2019
N1.5m?
AutosRe: Niger Used Honda Civic 2008 Model For Sale For 850k by PraiseDLord: 10:28am On Feb 01, 2019
N700k? Serious buyer..
ComputersRe: How Do I Burn Mp4 Videos To Cds& Dvds On Windows 10? by PraiseDLord(op): 9:42am On Jan 30, 2019
shefflaw:
Download freemake video converter nd enjoy..
it convert and burn on cd's
Thanks but it’s asking me to pay
AutosRe: Superb Kia Cerato 2013 by PraiseDLord: 10:10pm On Jan 28, 2019
N1.35m?
AutosRe: Not available by PraiseDLord: 10:09pm On Jan 28, 2019
N1.45m?
AutosRe: 2009 Toyota Corolla LE @1.650 by PraiseDLord:
N1.35m?
AutosRe: 2003 Model Toyota Matrix Toks Selling Cheap by PraiseDLord: 10:31am On Jan 28, 2019
N1.36m?
Ready cash...
AutosRe: SOLD. Neat Toyota Matrix For N999k Fixed Giveaway price by PraiseDLord: 10:27am On Jan 28, 2019
Sell for N850k and collect your cash immediately...
AutosRe: Mint Clean Toks 2007 Toyota Matrix Going Cheap -----SOLD----- by PraiseDLord: 10:22am On Jan 28, 2019
adeniyisamuel59:
I thought you said going cheap; what is cheap about 1.8 approximately for Matrix 2007
He obviously didn't mean what he said or probably copied the title from somewhere without thinking of the meaning.
AutosRe: 2009 Toyota Yaris Registered @1.5m by PraiseDLord: 10:59pm On Jan 27, 2019
Is this 1st body?
AutosRe: 5 Months Used Toyota Corolla 2006 For Sale by PraiseDLord: 10:45pm On Jan 27, 2019
Why are selling after 5months?
N1.2m? Serious buyer...
AutosRe: Super Clean 2005 Toyota Corolla by PraiseDLord: 10:41pm On Jan 27, 2019
Bestrides:
Neatly baked, first user, buy and drive. Ajah..
N870k?
AutosRe: Mint Clean Toks 2007 Toyota Matrix Going Cheap -----SOLD----- by PraiseDLord: 10:30pm On Jan 27, 2019
N1.5m?
Serious buyer..
AutosRe: Mint Toks 2005 Toyota Corolla Blue Accident Free ------SOLD------ by PraiseDLord: 10:27pm On Jan 27, 2019
N1.4m?
AutosRe: ~~~<<<SOLD! Clean 2011 Crv For 1.7m >>>~~~ by PraiseDLord: 10:25pm On Jan 27, 2019
N1.1m?
Serious buyer...
AutosRe: 2009 Toyota Corolla LE @1.650 by PraiseDLord: 10:15pm On Jan 27, 2019
Location?
AutosRe: Sold soldClean 2004 Toyota Corolla Hatchback... Slightly Negotiable @ N1,500,000 by PraiseDLord: 12:41pm On Jan 27, 2019
N1.1m?
AutosRe: Reg 08 Honda Civic For Sale 1.2m Asking Price by PraiseDLord: 12:39pm On Jan 27, 2019
N850k?
AutosRe: TOTAL COSTS OF CLEARING TOKUNBO VEHICLES. by PraiseDLord: 11:10pm On Jan 26, 2019
johnseno:
1.6m
Can you help share the pix and possibly help get a clean one?
AutosRe: Neatly Used 2007 Toyota Yaris by PraiseDLord: 11:09pm On Jan 26, 2019
N700k?
Serious buyer
ComputersRe: How Do I Burn Mp4 Videos To Cds& Dvds On Windows 10? by PraiseDLord(op): 10:50pm On Jan 26, 2019
Any head way?
AutosRe: ♻️Get To Know The Car Accident History B4 U Buy♻️ Verifyithq.com ♻️ 08060365068 by PraiseDLord: 9:26pm On Jan 26, 2019
computerglobal:
It is always a good idea to take a used car to a mechanic before you purchase it. Even the best of all mechanics may not be able to tell you everything that might be wrong with the car. Car can be salvaged, flooded, rebuilt and junked and more

Get a comprehensive vehicle report today

Contact us on Whats-app now . Just a click away.

https:///+2348060365068

Call/Sms/Whatsapp (Vin/chassis) to +234 - 806 -036 - 5068
How much do you charge for the service?
AutosRe: 2010 Registered Toyota Yaris by PraiseDLord: 2:46am On Jan 25, 2019
Engine pics
AutosRe: SOLD. Neat Toyota Matrix For N999k Fixed Giveaway price by PraiseDLord: 10:45pm On Jan 24, 2019
N850k?
Ready cash to be paid immediately
AutosRe: Super Clean Reg 05 Corolla...worth The Price. by PraiseDLord: 10:01am On Jan 24, 2019
N1m? Serious buyer

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