₦airaland Forum

Keeppushing:
Chai!! RealityShot, please can I get in touch personally?

Is it safe to say that going by the above calculation, N9,250 will be the earning for 50k?

Safe YES...
25 * 365 = 9125 total interest on N50k/yr

But that will only happen IF the rate stays at 18.5 through out the year..
(it can go down some days or months OR go up)

Another thing is that the interest is compounded daily then paid out or reinvested every 3months ..

so you can get (9125 / 4 = N2 281.25) four times and its starts earing interes too!

Am still yet to find time to sit down and calculate the compound interest outcome properly though..

Please any more questions on mutual funds should be posted on its appropriate thread below. Thank you
https://www.nairaland.com/1912965/mutual-funds/

isaacsegun:
so many people that were bashing me up and
down here cannot really understand the
opposition that I'm facing from her parents

if the parents dont give their blessings to the marriage, dont you think it will be same as leaving her? I think so.

You dont sound like a player at all..

so better not marry a girl that her parents say no, your parents say NO and SHE IS USING GUILT TO FORCE YOU TO MARRY HER!

MARRIAGE IS NOT 7days or a month thing.. Fights will carry on for years till you die so why risk it?

better walk away

please like what year did she get that pregnancy we are talking about self?
was it on first contact?

Safiaaa:
Nobody is forcing the man.

you are not forcing him, right?
So what are you saying exactly considering your further statement below?

If he had a
legitimate reason to leave her, would any
body complain? He wants to leave because
of a petty excuse and on top of that he's
wasted 10 years? Its pure wickedness and
that's where the complaints are coming
from.

YOU & all others bd mouthing isaacsegun:

did she not go to school in those 10 years? Was she locked in his basement?

Really how many girls get married BEFORE 27years?

Stop saying WASTED years.. She was free to move on since but she is playing the wimp card MAYBE after other guys have discarded her.. Now she is back tothe one her parents know about!

let me stop here shaa...Orishi-rishi bai

purples25:
So cuz a man trained a girl, yeah its wrong to jilt a guy, but money can be made at any age and time . But can you produce a new womb? Can you return a body made of flesh and blood? Abeg all these your comparisons are nothing compared to what the girl loses, and you all know it . That is why when you are bragging about how you dealt with a girl you would say you lost your money wooing her but what she will loose is times ten of that.

what did she loose?

clearly you dont know that money is blood.

badoi:
Op you found a true love and you're here looking for advice
Iffa slap u ehn
I just need someone to love me
I'll treat her nice

You think treating girls "nice" will make them like you or be good to you or not dump you abi??

its clear them never call you "Mr Nice Guy" before

greggng:
Marry her but if you fail to marry her u will suffer what I am going through now. Don't make my mistake. I don't know u from Adam but am telling u what God said I should tell u

what are you suffering now?

talk your own before i call you Lai M

Donjazzy12:
Didn't she also drill his dick? For ten years she ate his money squandered his wealth, what the heck are you talking about? Free this guy abeg.

..AND caused him serious psycological truama for 10years!

she should be jailed for enslaving that man!

AlexCk:
Not like she cheated or, she's a manaic. But because u feel it won't work??
After 10years??!!

Haba!!,

Seriously mehn, that's just terribly wrong. Dunno what to even type/say

She is a SUICIDAL MANIAC
the Op said so up there.

isaacsegun:
Don't marry a suicidal maniac!
Are you the only one that she has ever slept with since that time (2007)?

Marriage is not by force!!

That girl will blame you for ever, whether you marry her or not!

better not waste your money and create yet another marriage that will end in a DIVORCE!

PETERiCHY:
If it's a sizeable amount then quickly place it on CALL DEPOSIT for that 2wks and still net little profit.

please explain This Call Deposit thing.
thank you

Carmal90:
sorry, for 50k on mutual funds, What will be my earnings daily on ibtc mutual!? Thanks

(50000 x 0.185)/365 = 25.xx per day

@rate of 18.5% per year

Please if you choose to Do IBTC Mutual Fund

Go to a branch of the bank!

they will direct you to their Asset Management office.

DoNT come back here and say someone directed you to some FAKE webstie and duped you O!

Disclaimer
i dont work for them or with them, i just use their service too.

vitality22:
Am really interested in this. Any simple explanations for that pls?

Keeppushing:
I just started out and have saved a bit over 70k. I don't want it lying lazily in my account.

Please can I invest it in TBills?

If I can't please can someone advise me on the right part to go...

freeman67:
You can invest it in mutual fund I.e money market fund, FG bond and FG saving bond....The lowest banks collect for TB is 100k

do as Freeman67 said..
Mutual funds are just like Tbills only.
.some invest in other things..

But Stanbic IBTC money Market Fund invests in TBills So gives 100% security.
-Minimum investment is N5000 only
-add more whenever..
-Daily interest compounding
-accumulated interest paid every 3months
-You can withdraw cash anytime after first 30days.

mail their customer care for full details.

start and grow your funds there till you reach 100k, then do TBills

dipoolowoo:
Continuous Mop-Ups Dampen Sentiment in T-Bills Market
https://www.businesspost.ng/2017/08/15/continuous-mop-ups-dampen-sentiment-t-bills-market/

"Particularly, yields on the 12.50 percent FGN
JAN 2026 and 12.40 percent FGN MAR 2036
bonds advanced 27bps and 15bps to close at
16.52 percent and 16.54 percent respectively.
"

SEE THAT!
Nigeria is willing to go long term at 16.5%..!
That means TBills might stay above that till 2036 afterall.. Haha!

its not a bear sign ..
its a Bull Sign!

OnyeAmuma:
Okay this is it... I was hired as a maintenance personnel, along the line I was persuaded to carry out some duties outside my job description which I obliged, I was entitled to #1000 call card weekly for calls. Today, a senior colleague brought #500 to me instead of the #1000 and said the boss decided to cut it down, initially things like this are discussed before implementation. I declined taking the #500 and that was it.

YOU better Go to work this morning O!

what if its a JOKE?

C4Ltd:
what do you mean by slicing with old deadly meagre rates?

The rates are based on history. The fbn tbills guy simply said based on last bidding, 91 days was about 13.%.

what more caution is there? Or are you at the level of 50m and above

someone got sold a 300+d tenor at 17+% recently...

A Branch manager at FBN told me tBills are only primary mkt.. She didnt know about secondary mkt.

No extra caution. Just show you are in the know and they wont try anything funny

jokinexcel:
@feelamony please educate me more about the TB, my email address is Jokinexcel@gmail.com, I want to invest 1m on TB, am based in Port Harcourt, I went to first bank today to make enquiry but the lady I met seems to know nothing about TB, telling me that they charge VAT, that the interest is between 5% and 8%, and a lot of nonsense. Please who manages your account, is diamond bank good in trading TB, at the primary market. Am awaiting a response from you. Thanks

STICK with IBTC or First Bank

Always ask for the person in charge of TBills at the branch at the customer care desk.

ask for the form if you are ready..or ask to know the available secondary mkt deals

dont act like you are ignorant or
they will SLICE YOU! And sell you their old deadly Tbills at meagre rates

THE TOTAL CHARGES are in the range of 0.5-1.5% of the interest YOU MAKE.
Not On your CAPITAL.

cooldudeng:
Just a little provocation!!!

We know the "Government" is looking focr a cheaper way to fund the current budget deficit. Going by the gist we all know, which is still subject to senate approval, the Finance Minister route might be possibly approved.

...
So, isn't it better to lock my funds for the next one year or anything about 300+ days? So, why will i want to partake in this current primary auction knowing the maximum tenor i can get out is 182 days when we have secondary market equally doing better?

If i'm so crazy about primary market, would rather wait for the next auction scheduled for August 31, 2017.

CIt's going long all the way!!!

Watch the SEC market..if you see any 300+d tenor with 18+%
LOCK IT

Big question is..

WHAT WILL THE ECONOMY BE LIKE by this time next year with the coming elections and all??

AkDave1:
Guys on this thread are the best ever...

Lets suppose the Plan of the finance ministry sees the light of day. When will the National assembly ratify it, and when will this take effect on the NTB market.

I think these info would help us make informed decisions and salvage what we have now.

Answers please!

3-6months max

they need that money to start election campaign by January...

they also have the power to fast track the ratification so 3 months is very possible

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Hi..
if you really want more people to get interested..

teach about this Okrika Business.
tell us how profitable it is.
tell us how to buy, when to buy, where to buy and when, where and how to sell.

And change that topic to something like "Okrika business Tips"
or something more educational

thank you

Investnow2017:
I truly like your outlook and analysis, but what borders me is why the govt chose to float the Savings bond below the inflation rate of 16.1% and still expect that retail investors for whom it is targetted would patronise same. If you ask me, their present discovery of a much discounted int bond to refinance their costs of loans may not so much scale down the rates at which local TBills are auctioned unless they care less about liquidity factor.

savings bond covers a long period..2yrs
crude price can rise, Buhari can win again, many things can happen ..thats why the rate for long term investments must be lower.

i hate to say it but ELECTION PLANS have started!
everything the govt does now must be tied to 2019 elections.

This dollar Bond will expire AFTER that election, ring a bell?

On paper, its a good deal..FIs dont have to convert to Naira again

chukzyfcbb:
Slow down bruh, Its not a clause that inflation must always be under Tbills rate. In 2016, the first four months of last year had inflation over Tbills , yet investors were still falling over themselves to invest in Tbills.

Need to remind you that there has been pressures on the CBN to reduce their rates so that manufacturers can get loans at cheaper rates.

Now Tbills rate will gradually come down seeing that inflation is also decreasing judging by the stats from NBS, present bout 16.25% leaving investors with net profit of 2% after Tbills investment.

Now here is what I think, since euro bonds are to be issued more,
-it certainly means the govt will influence Tbills ( MPR) to be sold at reduced rate which will cause a ripple effect on inflation, causing inflation to fall.

- The exchange rate will improve knowing that foreign investors actually prefer Eurobonds to our stocks or debt instruments. Also causing another ripple effect in inflationary rates.

Its my prediction that Tbills rate will reduce from 18% to find stability at say 15% if they go ahead with their plan

AGREED

gnykelly:
the rules have changed and this is for professionals. if you don't know I would advise you to checkout.

"CHECKOUT" of what?

tolajay:
Thanks for the clarification.

Need to get something started while the rates are high...Scared of this new idea by FEC.

scared of what?


SIMPLE... If they sell TBills below INFLATION RATE..most investors will pull out...that will afftect liquidity/cashflow for the govt.

They must continue TBills above inflation Rate . So they have found a cheaper source of loan to reduce the OVERALL COST of the loans....

18% TBills + 7% Int Bond = 25%

divide that by 2 to get the actual interest rate you get 12.5% for the next 3years...

but TBills stays above inflation Rate locally..

everybody wins...

“You
are not increasing your debt. You are using $3
billion debt to pay off. So, the total debt stock
will not increase. The structure is going to
change. So, you are using debt, which is of
lower cost and longer maturities to take out
the short term debt. That is the best thing
that can happen to Nigeria.”

like some people mentioned earlier..
This high rates can't last forever!

however, its clear the banks are behind this sudden drastic move!

No worries.. 100% security of capital remains the beauty of treasury bills!

THEY ARE NOT STOPPING TREASURY BILLS ..yet or ever

Yhemit:
sir can I have your digits please.

oh sorry ..No.

just go to the agriculture section and you will see lots of threads on agric commodities..

tnx

wellsaid:
Good evening house. Please I don't know how significant this question am about to ask is but I am going to ask any way.

What advantages do trading the secondary market have over the primary market and vice versa. I assume trading the secondary market is more convenient compared with trading the primary even though u sometimes get lower rates. Apart from the interest rate which other factor(s) would make waiting for the primary auction be a better decision than simply patronizing TBills in the secondary market?

you have all the facts RIGHT.
what you need is confidence in the system.

pri or sec is same thing.

if you have the money now and next primary is in 2 weeks .. Go for Secondary if you see a rate close enough to your target rate.

primary market is slow and requires waiting to know the resultant rate.
But secondary market is instant and rate is known BEFORE you invest.

except u want a full 364Dy tenor SEC is best for beginners

Mcval:
Hello Gurus! I want to invest 1m in the secondary market for a tenor of 91 days. How much should I earn at maturity? Please assist me.

if you are lucky to get a tenor around
that num .. See if you can take one around 18%

Then you can get 180k divided by 4 quaters..i.e. 45k

FOR THOSE WHO ARE STILL ON THE FENCE ABOUT T-BILLS VS FIXED DEP

i just got an alert for my savings account with Fidelity..

see i put N5100 there for test
they paid me N10.45 interest.

well thats 2.5 per annum interest rate!

i also put N5000 in a tbills fund that pays 18% its showing N50+ now

SO Tbills is better than Fixed dep (which they offerred me 6%/yr)
AND if you still have funds in a savings account fallowing..
YOU SHOULD MOVE IT OUT TOMORROW

i am now saving in a Money Market fund..NOT BANK

thank God for sending all the contributors and creator of this thread!
God bless you more

sukkot:
mark zuckerbergs wealth is in stocks and speculations. in reality he is not that rich. he produces nothing.all he has is a website. dangotes wealth is mostly tangible. he produces. he is wayyy richer than zuckerberg in reality.

Well Said!
but he owns stocks in other REAL COMPANIES

the truth is that dangote is not being selfish like othe billionaires in the world
otherwise he would monopolise his distribution networks and make more money from retail.

but he is letting millions of Nigerians benefit from his distribution network..
creating small milionaires all over Nigeria...

emmanuelewumi:
Good question, you asked a question which 97% of bank customers will ask.

I suggest you get a book titled"Getting rich with other people's money" by Paul Sarnoff.

I used one of my TB as a collateral for a loan of N1 million in July 2017, interest rate was 25% while the duration is for 1 year.
Monthly payment is about 95k for 12 months which will amount to N1.14 million, processing, management fees etc is 30k. At the completion of the loan payment, I would have paid N1.17 million.

I bought Zenith Bank shares with the loan @ N22, UBA shares @ N8.50, Lafarge WAPCO shares at N52.

stocks stockbrokers NSE...

things that just remind me of 2008!

anyways..bout the loan..
i wont try that sha..except its like smeone said and my T-bills are a lot bigger than the sum i require for the deal.

thanks for explaining

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