₦airaland Forum

Lazyyouth4u:
Hailings to all my people here o. Both the audio and the correct ones. I just say make I drop by jare. I don waka

ojesymsym:
Baba, you don retire?
You do not seem to be into equities, looks like you prefer fixed income.

RayRay06677:
Na una make naija broke, una no want politicians see money steal, congratulations snr man

skydiver01:
The 2026 FGN bond is due 22 July... I am now looking forward to it dropping on Friday

jedisco:
The cycle of devaluation has become quite typical.
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Finally, over the last decade and half, the naira has averagely lost 10- 15% of its value against the usd every year (i.e 50% is lost every 6 years). This year (just like 2015) was going to be tough mainly due to the general elections and the money politics we play which is sadly now done in usd. All said, it's my duty to protect my wealth. Our leaders (and populace) do not care.

AngelicBeing:
Gbamsulotely + those that shared it during Osun state elections + those who will continue to share it in subsequent elections, nonsense and CBN and Buhari

TotoNaRubber:
If you had kept all the investment you put in Fixed income asset in dollar from Jan 2020 till date, your capital will be 58 percent higher at 29% increase per annum compared to CBN's country hard paltry 13% max per annum

ojesymsym:
That looks like a 250M invested to earn that quarterly coupon. I am motivated.

Here was I feeling fly when I received mine, I non know say na shildren's play I de do.

cucumbar:
big boy!!! See coupon nau.

skydiver01:
Kindly find below yesterdays bond auction results.

bjtinz:
Slightly good news.. . .

skydiver01:
On a different note, the coupon of the 2034 FGN bond is due today although I expect it to drop tomorrow.

spbabt:
Pls what are the figures of tbills for yesterday 13/07/2022

creategist:
Thank you for this. I thought results like this were published just for TBs. Please where can one source such bond results from? Thank you again.

creategist:
A fresh bond advert is up on the DMO website as we speak with Auction Date of next Monday June 20, 2022 and Settlement Date of Wednesday June 22, 2022. (https://www.dmo.gov.ng/fgn-bonds/bonds-offer-circular/3944-june-2022-fgn-bond-offer-circular/file)

In it there are three offers. Each is worth the same amount of N75bn

13.53% FGN Mar 2025 (10 Year Re-Opening)
12.50% FGN APR 2032 (10 Year Re-Opening)
13.00% FGN JAN 2042 (20 Year Re-Opening)

Can anyone please assist in the simplest way possible, with the correct interpretation of say for instance if one were to key into the third one for this coming auction? Will it simply imply that I would receive 13% of my invested value bi-annually for the next 20 years? If this would not be so, by how much would this 13% be reduced? Your assistance is coveted Gurus. Thank you in advance.

skydiver01:
Am I seeing double? Bitcoin currently at $25.7k? Kai... Na wa ooo

einsteine:
I don't understand the reason for the surprise and the thinly disguised schadenfreude.

Bitcoin fell from 19.3k to 3k between 2017-2018 only to rebound and go up to 67k. Bitcoin fell from 1,000 USD+ in late 2013 to as low as 63 USD in 2014. Sharp falls are normal in Bitcoin's price history. But it doesnt change the fact that there will only be 21 million bitcoins and it cost energy to mine bitcoin (contrary to people thinking it is based on "thin air". Like land, it is scarce and like land, it doesn't provide cashflow. The lack of cashflow means that it cannot be reasonably valued using traditional valuation approaches).

creategist:
Please what do you mean by "SDF"? Thanks in advance.

emmanuelewumi:
1.Business management or career management

2. Investment management

3. Money management.


Investors, employees and entrepreneurs try to do well in the first 2, but very few of them do well in Money Management.

Having more than 10% of your Networth in a risky asset that doesn't have a pedigree is poor money management

ositadima1:
Why are you surprised?

Last year bitcoin fell by over 50% from its highest point to $29.7k (maximum drawdown as it recovered quite a beat), why dat happened I am not sure, wasn't closely following the news.

With this years multiple issues - war in Ukraine, high inflation rates, increasing interest rates, high crude price etc - it is no brainer that bitcoin will be impacted.

We can reasonably project a 50% drop at some point this year as well (probably more). That should see bitcoin at $22.4k. That's where I would start buying in trenches.

Mind you, like I said before on this thread crypto shouldn't be more than 15% of ur total assets.