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Re: Mutual Funds by ajeleomo: 8:47am On Sep 24, 2018 |
irookie: Good morning All, Also lets be mindful of the deals you get on TB, Always ensure the interest is more than that of MMF no matter the tenor else it is not a good deal 1 Like |
Re: Mutual Funds by naijaobi(m): 11:53am On Sep 24, 2018 |
ajeleomo:This is not a good yardstick to measure since MMF prices varies daily whereas, the price you entered at the onset of a TB is what you will get until the end of it. |
Re: Mutual Funds by ajeleomo: 11:56am On Sep 24, 2018 |
naijaobi: so one should accept 10% or even 11%? what will be your best rate entry? |
Re: Mutual Funds by naijaobi(m): 12:56pm On Sep 24, 2018 |
ajeleomo: You can have 13.5% for MMF today and 13% for TB. And tomorrow it may become 12.5 MMF, the next day 12%. Which is now better? |
Re: Mutual Funds by irookie(m): 12:56pm On Sep 24, 2018 |
naijaobi: ajeleomo: Personally when I'm buying TB, its min of 182 days and the rate must be higher that what MMF offer. So my entry rate for 182 days TB is usually higher that of the MMF, if not I still keep my funds in MMF. |
Re: Mutual Funds by ajeleomo: 1:12pm On Sep 24, 2018 |
irookie: Exactly my point Bros if not it is not a good deal, |
Re: Mutual Funds by ajeleomo: 1:17pm On Sep 24, 2018 |
naijaobi: Bros are you indicating MMF will not rise? What if you buy TB @13% for 182 days like u said and after 30 days MMF have risen to 13.5% and fluctuates around above 13% for the rest of the tenor, Will you call your TB trade a good deal? This is the reason TB fixed rate MUST significantly be highly than MMF as their is tendency for MMF to rise 1 Like |
Re: Mutual Funds by naijaobi(m): 3:17pm On Sep 24, 2018 |
irookie:Yes, I'm not saying this is not possible.. All I'm saying is it is possible buy TB at a lower rate that MMF and still make more profit at the end. Thus price of MMF at the start is not a clear yardstick to actually confirm the out come of a TB deal |
Re: Mutual Funds by naijaobi(m): 3:19pm On Sep 24, 2018 |
ajeleomo: What if not? The bolded makes my statement clear that it's not a yardstick to measure outcome of a TB deal. 1 Like |
Re: Mutual Funds by ajeleomo: 5:03pm On Sep 24, 2018 |
naijaobi: Bros you still dont get it It is safer and profitable to buy higher than MMF interest rate to avoid the IF scenario as you cant predict the future rate |
Re: Mutual Funds by naijaobi(m): 5:14pm On Sep 24, 2018 |
ajeleomo:You could be right.. emphasis on "could". Because you cant predict the daily price of MMF except you are a wizard. |
Re: Mutual Funds by kaze4blues(m): 11:35am On Sep 25, 2018 |
I came across this from Rosabon. 19.25% returns on investment. Who has done businesses with Rosabon? Are they duly registered? How true is their investment claim?
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Re: Mutual Funds by NobodyKnows(m): 11:39am On Sep 25, 2018 |
kaze4blues:Run away from this . If you don’t want to lose your money . 3 Likes |
Re: Mutual Funds by cooldudeng(m): 7:34pm On Sep 25, 2018 |
ajeleomo: Hope you also factored in the fact that you get *all* your "interest" upfront. So technically, a 13% TB, actually has an effective yield of 15% (r/(1-r)), if all the upfront interests are reinvested. However, some mutual funds, interest are also compounded either monthly or quarterly. Overall, it depends on the investor. A TB investor could want to preserve his/her principal while the bulk upfront interest is used to chase other opportunities. For Mutual, it might be the preferred route for a salary earner looking at cultivating a monthly saving habit 1 Like |
Re: Mutual Funds by Pr0cter: 9:06pm On Sep 25, 2018 |
Hello guys. Thanks to you all for enlightening me. I just crafted a MMF investment with Stanbic Ibtc bank and I feel overwhelmed investing because practically it my first investment in life. I'm in my early 20's Thanks to you all and I'm following this thread bumper to bumper to learn about more investment schemes 2 Likes |
Re: Mutual Funds by Yem0350: 9:12pm On Sep 25, 2018 |
Pr0cter:I wish you success towards achieving your dream goals. |
Re: Mutual Funds by Pr0cter: 9:32pm On Sep 25, 2018 |
Re: Mutual Funds by NobodyKnows(m): 9:34pm On Sep 25, 2018 |
Pr0cter:https://www.nairaland.com/3658395/fgn-savings-bond https://www.nairaland.com/878880/treasury-bills-nigeriahttps://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick Check out these threads one after the other too and thank me later bro ![]() 2 Likes |
Re: Mutual Funds by Pr0cter: 11:17pm On Sep 25, 2018 |
NobodyKnows: It came very handy. Thanks alot. I'm considering investing on FGN saving bonds. Thanks alot sir. I'm a proud lover of investment and business |
Re: Mutual Funds by NobodyKnows(m): 11:23pm On Sep 25, 2018 |
Pr0cter:You’re very welcome sir . I so much like the FGN Savings Bond too . I’m waiting patiently till October 8 . For the October rates. 2 Likes
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Re: Mutual Funds by Apitch(m): 9:47am On Sep 26, 2018 |
Please forgive my ignorance and don't think I'm a lazy Nigerian cos I've read the first few pages and the last 5 pages but can't get an exact answer to my question Read FBN pays quarterly and funds have minimum of 30days before u can withdraw, so if i invest now and want to withdraw next month, will they pay the capital with the interest or will the interest wait till the quarterly payment period? Thanks |
Re: Mutual Funds by Yem0350: 9:50am On Sep 26, 2018 |
Apitch:Capital and accrued interest will be paid if you are going for full redemption |
Re: Mutual Funds by Psychodavidovic(m): 1:16pm On Sep 26, 2018 |
kaze4blues: My sister has done, and has been doing business with them 1 year+ , so far it has been good. Don't wanna say much before someone calls me a "marketer". |
Re: Mutual Funds by naijaobi(m): 1:28pm On Sep 26, 2018 |
Psychodavidovic: ![]() ![]() ![]() ![]() ![]() ![]() |
Re: Mutual Funds by Nobody: 6:13pm On Sep 26, 2018 |
Psychodavidovic: Please kindly open another thread for your Rosabon. This place is not for gamblers but for serious investors. |
Re: Mutual Funds by ajeleomo: 7:39pm On Sep 26, 2018 |
I think Trading Tbills along with MMF makes sense. See a brief calculation Assuming a capital of N1,000,000 @13% for 364days tenor and reinvesting the capital immediately into MMF Investment Plan Capital Interest Rate(%) No reinvestment on MMF(N) Reinvest MMF Profit(N) TBILS 1,000,000.00 13 130,000.00 130,000.00 MMF 130,000.00 11 14,300.00 15,384.32 ANNUAL TOTAL PROFIT 144,300.00 145,384.32 ANNUAL JOINT YIELD 14.43% 14.54% 2 Likes |
Re: Mutual Funds by yak(m): 10:37pm On Sep 26, 2018 |
ajeleomo: I will accept TB on 11% than MF because the TB interest is paid upfront. I can invest in something immediately. at the end, I will be having more than 14% 1 Like |
Re: Mutual Funds by Psychodavidovic(m): 12:23am On Sep 27, 2018 |
Ehuatamuigunisi: See them. It's no longer marketers, it's now gamblers. That's a new one. ![]() 3 Likes |
Re: Mutual Funds by elothaddi(m): 7:56am On Sep 27, 2018 |
I saw this figure this morning on my AXA MMF account. Could it be true abi na system glitch lol
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Re: Mutual Funds by Yem0350: 8:18am On Sep 27, 2018 |
elothaddi:It is true. The interest was actually added |
Re: Mutual Funds by Yem0350: 8:20am On Sep 27, 2018 |
ajeleomo:Have you forgotten that MMF interest is not constant. It can even increase to 17% . So, in terms of average, it can be higher that TBills at the end of the tenor |
Re: Mutual Funds by ajeleomo: 8:47am On Sep 27, 2018 |
Yem0350: LOL i can see yesterday was really a eye opener LOL My calculation however was based on average interest rate but could be better |
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