₦airaland Forum

manie:
why should he make noise, he has the power to change his bank.

tallar:
Pls oga feelamong kindly send me an email , sayhi2blessed@yahoo.com. I'll like your advice on some issues.

Thank you Sir.

petikal:
Property value appreciation is based on several factors: proper maintenance, surrounding developments, consistency of tenancy (i.e. property must be at it's full capacity), etc. If at full capacity, all he's truly getting is N500K/yr and the value of the property itself is truly N12mil, then yes it'll make sense to invest in TBills. At 14% interest on a 1yr tenor, that N12mil would have a true-yield of over 1.9mil (that is if he keeps reinvesting the interests, or N1.68mil without reinvestment.

One has to take into account inflation and other economic factors. Real Estate is best-suited for long-term goals. TBills is better for short-term investment.

babakess:
i get it from my banker friend ....not from CBN website

babakess:
Same here ..........I got 14.25%........for 364days ....went with banks bid rate

Lovinwa:
Good evening house, has anyone that used GTB at yesterday's auction been debited? Cos i ve not seen any alert.

babakess:
insist to move your money else where ....did u fill the form for this last auction.....entries will be passed today and if u did fill the forms before tuesday and went with the banks bid rate .....then u will be debited and ur interest left in your account.

if u invest 2,260,000 for 364days and lets say as the bid for yesterday was 14.69% for the tenor and your bank won the bid @14% then your interest will be 2,260,000*0.14=N316,400 with some negligible deduction of custodian fee and commission. and if u use the 3m then u have 3,000,000*0.14=N420,000.

LETS SAY U LEAVE IN THE SA ACCT ........YOUR 3M EARNS 3.6% PER ANNUM.....
3,000,000*0.036=108000........amounting to 295.89 per day .........N8,876 per month and 7,988 per month after deduction of 10%WHT


BUT WITH TBN .........3,000,000*.14=420,000 AMOUNTING TO 1,150.68 PER DAY .......34520.54 PER MONTH NO WHT



295.89 PER DAY TO 1,150.68 PER DAY ..............Each day u waste....u reduce ur likelihood of getting Financially independent and free.................if You have 3m now and still young ...u can be very wealthy without saving again.

babakess:
insist to move your money else where ....did u fill the form for this last auction.....entries will be passed today and if u did fill the forms before tuesday and went with the banks bid rate .....then u will be debited and ur interest left in your account.

if u invest 2,260,000 for 364days and lets say as the bid for yesterday was 14.69% for the tenor and your bank won the bid @14% then your interest will be 2,260,000*0.14=N316,400 with some negligible deduction of custodian fee and commission. and if u use the 3m then u have 3,000,000*0.14=N420,000.

LETS SAY U LEAVE IN THE SA ACCT ........YOUR 3M EARNS 3.6% PER ANNUM.....
3,000,000*0.036=108000........amounting to 295.89 per day .........N8,876 per month and 7,988 per month after deducti


BUT WITH TBN .........3,000,000*.14=420,000 AMOUNTING TO 1,150.68 PER DAY .......34520.54 PER MONTH NO WHT



295.89 PER DAY TO 1,150.68 PER DAY ..............Each day u waste....u reduce ur likelihood of getting Financially independent and free.................if You have 3m now and still young ...u can be very wealthy without saving again.

mekaboy:
Maybe deliverance from bondage.

Ephemmm:
What is the minimum amount that can be invested in TB in Guarantee Trust Bank?

Chillisauce:
Everything is not about making money. Some value their sanity, Others for economic reasons, easy access to good health, free quality education , security. I could go on.

After making all the money one day a dalai man kills you while you are taking a walk in the village path. Or robbers shooting you after collecting all you have.

My dear, investment is good . Just know what you value most and go for it. Shikina

feelamong:
In FGN Bonds, every customer that bidded below the stop rate is given at the Stop rate!

so even if you bid at 14% or 13%, when the stop rate is 15.36% you will be given the Bonds at that 15.36% rate

this is unlike in Tbills where you are given the Tbills at the rate you bidded for.

vacanci:
Did you bid 15.36% or you left it open for it to be bid for you (prevailing market rate)? Did you use a bank or investment house? Primary or secondary?

vacanci:
Please when is the next FGN BOND Auction.

Naijainvestor:
Bond price calculation involves the use of Discounted Cashflow analysis, one thing is missing in your information above. And that is the yield to maturity, if you can tell me the yield you expect to make at maturity, then I will calc the price for you. Assuming your YTM is 16%, the bond should be valued at N98.001

unite4real:
Most Bankers are surely not aware of these. You cant believe i have entered into a heated argument in a banking hall about TB and the need for them to buy for me via the CBN auction and they told me i should go to CBN. Because of that response, i was hell bent to draw crowd around and i ensured they called their head office in Lagos. After they called lagos, they were told that the customer was right about all the arguments. Since then, my attention for investments na express in that bank.

Naijainvestor:
Today's offer yield on that bond is 15.76% making the price 99.3,

Shorter term instruments are NTB and bonds that will mature in less than 3 years like the FGN 15.1 Apr 27 2017

I think that people are too risk averse especially after they lost their money in 2008 or thereabout, in addition there is lack of investor education in Nigeria so much such that many people do not know much about the stock market and financial products.

Not all bankers are required to know about these, some bankers are retail or commercial bankers, they deal with cash and deposits but the investment bankers are those that should know and educate people on the capital market products
There is still hope though

yomi007k:
Ppl dat queue for visas don't have a salary to earn or a business that gives them income.
It is not their fault. Its better dey go out dn rot down here.
Naija is hard, only very few can drop millions for bonds n bills.
Shalom

Naijainvestor:
When interest rates go up, say from 15% to 20%, no one wants to buy the bond with a 15% interest. The only way to motivate buys is to sell the 15% bond at a lower price to compensate for the rate difference

There is no single price for all the FGN Bonds, it depends on coupon, maturity etc, if you tell me which one you want, I will tell you the price.

There is a way to anticipate the direction of interest rate by observing and analyzing economic events. That is looking at the yield curve but I cannot do justice to that in a forum, it needs detailed explanation but as an example, the fact that oil prices are falling indicates that Nigeria will be at a tight Corner to meet its obligations, the implication of this is that rates will increase, if this anticipation is true, then it pays to go for shorter term instruments

Naijainvestor:
This is what is called the interest rate risk in bond investing. If the rate goes that high, you will still be paid the 15% but you can decide to sell it and reinvest in the higher interest bond, the only problem is that when interest rates go up, bond prices go down, so you may not realize the purchase price if you sell then. That is why it is advisable to try to speculate on how interest rate will go before buying bonds. Having a mixture of medium term and long term bonds may help manage such risks

yomi007k:
Hello sir,
Pls I'd like 2 know why u chose bonds over T-bills. How much r dir interest rates? How often do u get paid ?
I'm also lookin 2 invest.
Thanks.

feelamong:
coupons are paid semi annually...June and December..

so by december we suppose come do small party for ur side..

unite4real:
I dont even know what you are talking about. I give you an instance, i have personally been investing in treasury bills for the past 5 years with 3 different banks. on each occassion and bank, they normally leave my discounted interest and the difference is debited. There had never been a time that all my principal was debited only to credit the interest later. that can only happen when you buy government Bond. So the advice that was given is not bad at all because if it happened to me, i will go straight to the bank and raise my voice small.