₦airaland Forum

talk2tonie:
Ok, thank you.
You mean FGN Bond not FGN savings bond right?

talk2tonie:
Hi,
Which bank or trading firm did you use to buy FGN bonds? These GTB branch people don’t seem to understand!

Odunharry:
This man. Been a while. How's everything

emmaodet:
Exactly bro.
Exactly.
All these rubbishing the TB regularly should just stop.
You know quiet well before clicking on the thread that it is a TB group, so why come to rubbish it.
I am even okay with TB up to 15% provided interest rate/lending rate falls close to 20% too.
Below 15%, i will half my investment and put the other half in dollar mutual fund at 10% per annum to diversify but won't leave the naira investment totally.
You won't appreciate liquid investments like mutual funds, TB and bonds until you meet yourself in urgent emergencies then you will know solid cash like land may land you in problem to quickly and easily convert back to liquid cash to solve your problems.
The agents would smell your desperation and starts giving you shitty prices. Bring buyer today to inspect to come next week with cash which he will disappoint. Some will even say they only have 3m on ground for a 5m bargained land, out of desperation, you will say Yes only for them to say it is even 1.5m cash that is on ground to pay the rest in 6 months etc.
Also, let's be careful on this group, apart from land agents, so many scammers are on nairaland looking for who to dupe. It is an anonymous group and anybody can claim to be what they are not...rich, have large investment in TB, bought this land for this price to sell for this price etc all just to lure unsuspecting members with cash to contact them privately on how to help them.

yourstruly5:
Hi Everyone, please I need clarification on this. I came across a FGN bond with a coupon of 16.29 for two years. Assuming someone invests with N100,000, will the person get paid 16.29% of the principal in a year? OR it will be half of the 16.29% twice in a year? Thank you.

https://ngxgroup.com/exchange/trade/debt/listed-bonds/bonds-details/?isin=NGFG142027S5&directory=bonddirectory

manwomanok:
Thank you bro for your simple explanation as always.

the issue was not even about the addition amount. you particularly in a reply to one of my post have explain how to calculate the accrued interest from day of last interest payment to day bond purchase for dirty price.. the issue is the quantity of 18,193. I thought quantity should be 180,000 following the example you gave to me in the past. below 12m naira bought 120k unit

manwomanok:
Bosses in the house doesn't look at my side this time. I am newbie on Bond investment, don't want to call my broker and ague blindly the reason I brough this for an insight

the gist was I asked my broker to buy me Bond worth of 20m , got a reply that they have only 18m worth, I gave the go ahead

with what I have been learning here It look something is not right, may be an error or something.  my reason of coming to my Bosses to shed more light.

Bakosokoto:
Could you please assist with the best pick (ROI) from below quotes

manwomanok:
Good, That exactly layman explanation I wanted. Thank you sir

it mean if I buy tomorrow I will pay accrued interest of Nov. and Dec, plus broker's charges? also can you say something about the Bid price 94.98 and Bid yield 21.18.

Thank you once more

Risingcash94:
Is this commercial paper interest paid upfront as well?

ernie4life:
Why are we discussing bonds in a treasury bills thread?

Treasury bills is at an all time high with Yields of 29.8%.

manwomanok:
please House, when is the next FGN BOND date

Thank you

emmaodet:
Which brings me to the question -
If you are discouraging manufacturers thereby reducing production, some even close up due to loan defaults and layoff, how you want take grow economy when people are been thrown into more hardship and unemployment.
This type of economic move still dey baffle me.
Anyway, I didn't graduate from Cambridge or hold an MBA, so I will leave that to exparts or professionals in that sectoe

teejay5:
Good evening,house,pls when is the next bidding?

presiade:
Just to clarify, I hope you know that rate is per annum. In 13 days, you’ll only get ~17.55%*(13/365) = 0.2689% of your investment face value minus fees and charges. So, if you invest N100m, you’ll get less than N268,900.

ojesymsym:
Make una non vex, which one be NSE30 again?

joboy834:
Please are you comfortable with SCB 2% commission (secondary market). I think it is high. Please does anyone know of a bank with commission lower than that for bond purchase. Thank you

tabithababy:
Please when is the next primary auction date?? Please o

awesomeJ:
Makes sense.
Makes much sense.

Sorry I missed your earlier post on the subject.
At 10% bonds weighting, your portfolio is even way better than I would have suggested.

awesomeJ:
Why do you like bonds this much na.

Just a suggestion o, I think you should rebalance your portfolio. Add some stocks.

You seem to be a long term person, why not add some good dividend paying stocks that would do like 8% in dividends and may still do up to 2000% in capital gains over the lifetime of those bonds.

SEPLAT trades for around $2.4 but pays $0.03 every quarter. That's 5% annualized.

But check the prices on July 25th 2023 vs July 26th 2024, The capital gains is about 134%.

Over the past 5 years, the only bellwether on NGX that's losing is NESTLE. It was overpriced to begin with though.

I understand you have your reasons and and I'm not suggesting they aren't awesome. I just feel you should be getting more returns
. It's sort of paining me 😁😁.

Just maybe consider pushing 20% of your bond portfolio to other asset classes with capital gains potentials sha: stocks, euro bonds, gold etc.

Except of course these asset classes already have a significant weighting in your overall portfolio.

Again, you don't have to take this seriously, it may be someone else who finds it useful, now or later.

Nakedman:
With rate spinning around 21% how do you feel about these bonds as you must have gotten then around 11-13%

awesomeJ:
Awesome.

But holding 2034
To hold one year sef is hard for me o. I just always feel an opportunity may just show up, not to mention the currency risk.