₦airaland Forum

Investnow2017:
Brainless Scam. BRAINLESS SCAM

Very Very Brainless

bigtt76:
Abeg when be de sallah?

I guess Sallah should be 2 and 3 september 2017. I really need that rest ooooo

Investnow2017:
IBTC money market mutual fund. Do it an watch your money grow daily. Current rate is 17.5%

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

TONY56:
My friend, it's not possible at all to get 364 days at secondary market anywhere so I seriously doubt the authenticity of your post

Well that was exactly what I was told today at stanbic. I normally use FBN, I had to open account with stanbic for Tbills only.
am waiting to terminate my insurance policy with Fbn insurance so I can use the money for Tbills. So I just walked in to do some enquiries and the lady checked and wrote it down for me.

cooldudeng:
Stanbic bank isn't great for secondary market, hence expect a lower rate but they are great for primary market. Otherwise, use FBN

Stanbic secondary market isn't bad either. Today 10-08-17, they had
91days @ 13.42%
182days @ 17.4%
364days @ 18.53%

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?

I will appreciate it is anyone can please enlighten me cos assume Thank u.

Bros, I honestly think you will do yourself a lot of good if you take tme to read fRom previous pages. These things have been discussed over and over, again and again. My candid advice though.

WenysAD:
Annuity over programmed withdrawal anyday anytime
PenCom don even advice retirees to go for annuity sef.
For more info and help, see my siggy

Which Pencom ? why is it that you insurance agents keeps giving these elderly men and women the wrong information and telling somebody who is old enough to be your father or mother lies because of the commission you want to get. You don't know who is reading what you just wrote.
For any lie you tell an elderly person to cheat him or her, same will be metted out to you at old age.
Tell the retiree the truth and let him or her make their choice.
Annuity is for a guaranteed period of 10yrs.

tunene66:
There was a guy who had a TREASURY BILL WORKSHEET sent to the group. However if you send me your email I can send it to you

I really would love to have the work sheet. I sent you a pm to that effect. Thanks

Ben1975:
TBills can give you 14% ROI but there is an even safer investment vehicle that can give you between 150% to 500% ROI in twelve months. High yielding land in Ibeju Lekki.

For more info contact me on the details in my signature

Sincerely

Ben

Bros, take this your business and run from here na. This thread is for legitimate business. Thank you

TONY56:
The beauty in the way Stanbic operates is that they will only debit your account with the discounted amount leaving your interest in your account unlike what most other banks do by debiting the whole amount and crediting back your interest few days after.

Yea, that's also how diamond bank does. Though I won't invest with them again when my current investment matures. They gave me 64days at 13% . I had not seen this thread then.

This insurance guys are wasting my time oooo, they don't want to give me back my money oooo so i can invest in another TB, Na waooooo. Now I know what they've been gaining from the 50,000 naira the deduct from me monthly

can we have the website

Investnow2017:
Getting your money out of these Insurance forms from their savings policies comes with a huge price. The process is cumbersome immediately they notice you want to surrender your policy. I did one for 3years with mutual benefits. I ended up losing substantial some of money because i said i could not pay my monthly premium any more. Those insurance people just need your money. All the percentages they promised they would pay were all unfulfilled.
NEVER AGAIN WILL ANYTHING BRING ME CLOSE TO SAVING MONEY WITH INSURANCE FIRMS. They become mad once they notice that you have come to know that thing they know.

The story is a long one.

My colleague paid his premium for 40 months amounting to some N3.8m for a 5year policy. He is told that he would lose 10% of that sum for not allowing the policy to mature. The policy we noticed is so skewed that you earn some paltry interest at the last 2years of the policy life. But when selling it, they will deliberately refuse to disclose subtle details of the policy.

Too bad. In my own case i lost over N300k just to terminate a 5year policy for which i had even paid my premium for 3years and upfront till jan 2018 before i saw the rising trend with Treasury Bills. It was a very painful experience. Those guys are mean. They even give you the impression that you should be happy that afterall you are getting your money back! I am like did i say i was doing Ponzi? Was i not supposed to get my money back? Crazy indeed.

I know some have had their own ugly experience too with these insurance firms.

Bros, now you are getting me seriously scared. I am also in this but in my case, they deduct 50,000 from my salary as a direct debit though its from another insurance company. Its been running for about 3 years now and its meant to run for 5 years.

awesomeJ:
Say you bought 364 day bills of #1,000,000 at 18% discount. Neglecting bank charges, you will be paid an upfront interest of 180k, in which case your actual investment is 820k. You could either profit or lose if you terminate before maturity.

Note if you sell the 1,000,000 tbill and you get credited with less than 1 million, it doesn't necessarily count as a loss, so long adding the upfront interest to the termination proceeds gives more than 1 million, then you've profited.

The only instance when you make a real loss on the investment is when you only hold for just a short while, and on termination, you have to rediscount at a significantly higher rate.

These are 2 possible scenarios:

1. You hold for more time in the tenor-say 200days, and you sell at a discount which is equal to or less than you bought at. The portion of the interest that goes to the new buyer (1,000,0000*164*18)/(365*100)=80,870. This sum will be discounted from the 1,000,000.00 that you should get upon maturity, and so what you get back is 919,130. So considering that you actually put in 820Gs, your profit is 99,130 for the 200-day period. No loss.

2. If you hold the investment for only a short while say 60 days and the new discount that's bidded for your bills is significantly higher-say rates begin rise significantly , and now your buyer wants a discount of 25%
The interest accruable to the new buyer =(1,000,000*304*25)/(365*100)=208,000 approx.
Now pulling that from the 1,000,000 that you should get leaves you with only 792,000. Given that you originally put in 820,000 you will be making a loss of about 28,000 on the investment.

Very good explanation. Thank you

hiscules:
I will use 14% for the sake of this calculation.

1.2m*14*182/365*100 = 83769 if you did not ask for your interest to be reinvested.

Ah, 14% is very small oooo. let him go to first bank, he will get 17% or more for 182 days. Though your calculation is right

Valto:
i concur

Remember, i bought this charger from you in Bayelsa state. Thanks again for the good product

TONY56:
You have been advised to always omit the value of your investmentsite on this forum. Else you become a target to fraudsters and kidnappers. Stop endangering yourself pls.
Don't be spruced that there are "Evans" on the forum too or following your posts.

Enough has been said about that and he keeps repeating same over and over again. i guess he derives joy in mentioning 5million naira. By the time the 'evans' goes after him, he will learn. Just leave him.

teamsynergy:
the 30amp souer I av here is driving me nut.... its like the transistors are bad.... how much did u buy the charger?? maybe I will go look for it at alaba...


the stupid charger makes a loud hissing sound during charging
and in less than 30mins the green light comes on .. before it used to charge d battery for up to 5-6hrs....

Bro, go and buy the blue souer battery charger. I've been using mine for almost 2years now and its still going very strong. The type that the pix is just posted above. its very rugged.

dyonpoint:
I = (1,000,000 x 0.135 x 91)/36,500

I = 336.58 (this is what ur formula gives)

I didn't tell you to convert the 13.5%. Oga, use the 13.5% the way it is and not dividing it by 100.

ie (1000000*13.5*91)/(100*365)

Now you do it and tell me the answer

dyonpoint:
Hello house, please I need a clearer explanation of how profit is calculated for the 91 days tenor. I understand that of 364 days. But I am still a bit confused with that of 91 days even with the calculations I have seen on the thread.

Please I need someone to help me out with the calculation on this example:

Please, what will be the earnings on a T-bills of N1,000,000 @ 13.5% for 91 days tenor?



Thanks

Do it your self

I=(PxRxT)/(100x365)

where I=interest (the interest amount you want to know)
P=Principal(amount invested)= 1,000,000
R=Rate(percentage interest)= 13.5%
T=Time (number of days)=91 days

emmanuelewumi:
Banks deal with you primarily based on how much they can legally make from you, I think as bank customers we should also deal with banks based on how they can help us to multiply our wealth. Any bank that does not align with this agenda should be sacked.

Ask yourself when was the last time you got a business loan from your bank.

I totally concur. I have an account with GTB, FBN, DIAMOND and recently STANBIC. If you have what will create wealth for me, I move my cash there urgently.
Banks have really used my cash to enrich themselves, now is my turn.

Can any of these stuff or softwares work on a windows 10 desktop computer? what are the requirements

bigbroda:
Hello guyz, has anyone done TB business in d last one week with GTB? I applied about a week ago and they keep telling me stories I don't understand. I'm sure u guys know d kind of stories they usually tell. Something like they haven't been able to get from d secondary market or so. I just don't understand what they were precisely saying but d bottom line is dat I've not been debited and still hoping dat it would be successful next week. Any advice?

Bros, just wise up ooo, withdraw your money and move over to stanbic or firstbank. Unless you are not ready to invest in TBills yet.

yomi007k:
Pls wat was dir requirements?

They requested for: -2 passport photos -Drivers licence or voters card or intl passport or national ID card -2k naira and above. -BVN number i later got the account number as an sms from the bank.

TONY56:
Hope you can now see why we "ported" to STANBIC which gave about 18.44%?

Mehn, i had to open an account with them yesterday. It was so easy and stress free.

Investnow2017:
Example. Here is a very simplified way i do it:

If you invest 1,000,000 that is N1m for 91 days @17%. Here is how to calculate your discount.

1,000,000 × 17% = 170,000 (that is 1,000,000 x 17 ÷ 100)

170,000 ÷ 365 (because there are 365 days per year or per annum) The idea is to get your daily discount.
So 170,000 ÷ 365 = 465.75

475.75 x 91 days = 42,384.(N42,384 will be your discount of N1m @ 17% for 91 days).

If this is not clear, then go for Fixed Deposit

This is the simplest formula to use
I=(PxRxT)/(100x365)

where I=interest
P=Principal(amount invested)
R=Rate(percentage interest)
T=Time (number of days)
This is the easiest I use.

TONY56:
Oh yes o! That's where the action is for now at the Primary Market and they are also doing well at the secondary market.
So many of us on this forum have Ported to STANBIC that's why you find more of us talking and posting results of STANBIC.

so that means one needs to open an account with STANBIC IBTC? Please what is their percentage for 182days at the secondary market and how much is the minimum amout to be invested?

I bought this Tbills from First Bank this morning in the secondary market for 182 days at 17%, I've been debited but I've not seen my interest credited into my account. I thought i will be credited with the interest almost immediately when my account is debited.
Gurus in the house, please i need answers. Thanks

Please, i will like to find out the minimum amount i can invest in Tbills in Diamond bank. I have a little amount of money there that i've not touched for over 2 years now? The bank is just playing around with the money.
Please help a brother with this answer. Thanks

Calebeslove4u:
please house, i need info from who is using this type of battery or who have an idea (pix bellow), i want to know where to pour the distilled water, i'm thinking it should be in those 6 little holes (as shown in d pix), but i really have to b sure b4 doing it.

cc : ceejay
cc: pat04

yes, those are the holes. However, after pouring the distilled water, DO NOT cover it immediately charge the battery full with the lids still open.

how much?