Kimsunh:
you mean Gtb??

What's the Tenure..? ...Is it....182 days.?

Gavrelino123:

What's the Tenure..? ...Is it....182 days.?

182 and it was primary market

Kimsunh:
182 and it was primary market

It's a good rate bro....mine was 16.9 and that was April......nice rate bro

Fm4real06:

Well people can only speak for themselves and what they know. I have been to both stanbic and fistbank to make enquiries on the secondary market rates. Trust me Stanbic offered a very juicy rate which i could have gone for but the stress of opening new Stanbic account and transferring my funds from fbn made me to stick with FBN. In addition the rates of stanbic have little or no difference to that of fbn just that 1% is material when dealing wih large sum of money. I hope i av told u my own reasons!

Trust me, Stanbic is one of the easiest to open savings account with. You can open the account just after an NTB and I bet that within 5 days or less, your residence would have been verified and your account No would be sent to you via a text message and off you start and for every transaction, you get both text messages and e-mail notifications promptly and at the end of the day, you will be very glad you did.

All you need are just 2 passport photographs; a valid I'D card which may be Driver's License, Voters card, LASRA Card, or International passport. (PHCN or any Utility bill is not required)

[quote author=olujaidi post=58952134]

Could not find the e-book online. Only hard copy on Amazon. Kindly suggest alternatives

I understand the basic idea of leverage, although I'm leery of using it for speculation as it can amplify your losses (and gains). I'd rather use it for cash flow generating projects. How do you minimise your losses (on the investments)if things go south? or if the prices don't rise as anticipated within the specified timeframe?


Very good and pertinent question that many should ponder over because if very good care is not taken, fingers will be burnt.
Stock market is Un predictable as it may go either Northwards or Southwards and it depends on a lot of factors which the investors can't determine nor control.
So people should be very careful about jumping into the stock market or any other business with borrowed funds to avoid "drowning"

NoQualms1:
Please guys, what do you think about this Senate decision regarding Stanbic IBTC? I want to invest in their MMF but I'm scared they MAY no longer last in Nigeria. Please advice.

cc: all Stanbic fans

Pl's explain "Senate decision regarding Stanbic IBTC". I am not aware of their decision. Can you throw more light about it?

Gavrelino123:

It's a good rate bro....mine was 16.9 and that was April......nice rate bro

you can check with first banks secondary market. Rates are more juicy than primary market.

TONY56:



Trust me, Stanbic is one of the easiest to open savings account with. You can open the account just after an NTB and I bet that within 5 days or less, your residence would have been verified and your account No would be sent to you via a text message and off you start and for every transaction, you get both text messages and e-mail notifications promptly and at the end of the day, you will be very glad you did.

All you need are just 2 passport photographs; a valid I'D card which may be Driver's License, Voters card, LASRA Card, or International passport. (PHCN or any Utility bill is not required)

Perhaps u work with stanbic.. my driver's license epired, wallet containing voters card was stolen, the only valid means of I.D wasnt accepted to open the required account so i rather stick with my FBN.

Kimsunh:
you can check with first banks secondary market. Rates are more juicy than primary market.

you are right but;,
Primary market pays more when you want to go for a longer term....
Secondary market is more juicy for shorter term....
I always stand with Primary Market...!

Gavrelino123:

you are right but;,
Primary market pays more when you want to go for a longer term....
Secondary market is more juicy for shorter term....
I always stand with Primary Market...!

I have the same tenure of investment in primary and secondary and I'm talking from my own point of view. But all the same it all depends on what is available at the bank.

Is it wise to convert foreign currency to buy Treasury bills, especially with the level of instability in nigeria at the moment?

junglep:
Is it wise to convert foreign currency to buy Treasury bills, especially with the level of instability in nigeria at the moment?

if you won't be converting it back to foreign currency then I think it's a good idea but if it's going back to foreign currency then I can't guarantee it cuz you don't know how soon our oga at the top will say they want to increase the exchange rate and also black martlet is always on the high side so you need to be careful when making your decision

Kimsunh:
I have the same tenure of investment in primary and secondary and I'm talking from my own point of view. But all the same it all depends on what is available at the bank.

Hope you know that you can never get 364 days in the Secondary Market ..?
The days in Secondary Market is always Shorter with most times,juicy rate..
Someone who wants to go for Shorter tenure,Secondary Market is most recommendable..
But if you want a longer tenure.,Primary market always stand indisputable...

18.4% for 297days. FBN

Gavrelino123:

Hope you know that you can never get 364 days in the Secondary Market ..?
The days in Secondary Market is always Shorter with most times,juicy rate..
Someone who wants to go for Shorter tenure,Secondary Market is most recommendable..
But if you want a longer tenure.,Primary market always stand indisputable...

well I will go for 182 days at 18% than go for 364 at 18.2 percent! I can always renew once the tenure is over.

Kimsunh:
well I will go for 182 days at 18% than go for 364 at 18.2 percent! I can always renew once the tenure is over.

After 182 days what are the chances that you will see TBills at 18% again?? That is 364 days comes readily prudent for wise investors

torres2:
18.4% for 297days. FBN

Fantastic.

Investnow2017:


After 182 days what are the chances that you will see TBills at 18% again?? That is 364 days comes readily prudent for wise investors

well I'm comfortable with what I get for that period of time. I prefer 182 days to the loooooong 364 days. I can at least see my money before it goes out again lol

Kimsunh:
well I'm comfortable with what I get for that period of time. I prefer 182 days to the loooooong 364 days. I can at least see my money before it goes out again lol

I understand. I used to think that way

Kimsunh:
well I'm comfortable with what I get for that period of time. I prefer 182 days to the loooooong 364 days. I can at least see my money before it goes out again lol

It is just that nobody knows when this high interest rate will last. Especially as the inflation rate is going down. In Six months time rate might be low, you are not sure to get 18% then.

Amebo123:


It is just that nobody knows when this high interest rate will last. Especially as the inflation rate is going down. In Six months time rate might be low, you are not sure to get 18% then.

Those were the thinkings. When interests drop below 15% my goal is to play short term in the Seconday Market, leverage on mutual fund and stock market.
I intend to take position after this midterm bull run in the NSE. It has always worked, although that is no guarantee.

Fm4real06:

Perhaps u work with stanbic.. my driver's license epired, wallet containing voters card was stolen, the only valid means of I.D wasnt accepted to open the required account so i rather stick with my FBN.

You goofed.
I am not a Banker,
I am a Mechanical Engineer,
I am a retired Civil Servant,
Not a single member of my family works with Stanbic.
My only account with Stanbic is a Savings account which I opened just on 7th of June this year specifically for Treasury Account because they are the BEST for Primary Market and are next to First Bank that i have been Banking with for about 30yrs.
I also have my Retirees Account with Stanbic
.
I am only in love with the Bank bacause of their services and performance with very robust returns on investments (ROI).

If you are not aware, Stanbic is an international Bank and it's the 2nd best performing Bank in Nigeria after GTB and their share holders smile home yearly while as PFA (Pension Fund Administrator), they are second to none in this country with the highest returns on Pension Contribution Savings and Retirees Pension Account.

So I can't but sing their praise because it's "7up" I.e "The difference is not only clear, but very clear"

Kimsunh:
well I will go for 182 days at 18% than go for 364 at 18.2 percent! I can always renew once the tenure is over.

That's not really smart....Remember, u will also have to wait for two more weeks to reinvest

Gavrelino123:

That's not really smart....Remember, u will also have to wait for two more weeks to reinvest

Apart from that, he can't get 18% at Primary Market but maybe he has Secondary Market in mind

Investnow2017:


I understand. I used to think that way

well let's wait and see what will come out of it. I'm just not sure of the future of this country which is why I am tryin to be careful. It's not easy investing with banks

TONY56:


You goofed.
I am not a Banker,
I am a Mechanical Engineer,
I am a retired Civil Servant,
Not a single member of my family works with Stanbic.
My only account with Stanbic is a Savings account which I opened just on 7th of June this year specifically for Treasury Account because they are the BEST for Primary Market and are next to First Bank that i have been Banking with for about 30yrs.
I also have my Retirees Account with Stanbic
.
I am only in love with the Bank bacause of their services and performance with very robust returns on investments (ROI).

If you are not aware, Stanbic is an international Bank and it's the 2nd or 3rd best performing Bank in Nigeria after GTB and their share holders smile home yearly while as PFA (Pension Fund Administrator), they are second to none in this country with the highest returns on Pension Contribution Savings.

So I can't but sing their praise because it's "7up" I.e "The difference is not only clear, but very clear"

Hello Tony56 do you have any knowledge of stanbic's secondary market rate as at today?

TONY56:


You goofed.
I am not a Banker,
I am a Mechanical Engineer,
I am a retired Civil Servant,
Not a single member of my family works with Stanbic.
My only account with Stanbic is a Savings account which I opened just on 7th of June this year specifically for Treasury Account because they are the BEST for Primary Market and are next to First Bank that i have been Banking with for about 30yrs.
I also have my Retirees Account with Stanbic
.
I am only in love with the Bank bacause of their services and performance with very robust returns on investments (ROI).

If you are not aware, Stanbic is an international Bank and it's the 2nd or 3rd best performing Bank in Nigeria after GTB and their share holders smile home yearly while as PFA (Pension Fund Administrator), they are second to none in this country with the highest returns on Pension Contribution Savings.

So I can't but sing their praise because it's "7up" I.e "The difference is not only clear, but very clear"

You are on spot. I agree with you. You spoke my mind. That is the truth.

Unwarranted fears can rob one of appreciable returns and indeed reaping the benefits that may come from high yielding investment opportunities. What if? what if? what if?

CuteRedd:
Hello Tony56 do you have any knowledge of stanbic's secondary market rate as at today?

No please. I only bother my self about it when I have funds to invest or when I have cause to visit any Stanbic Branch.

You know, I am a very small investor and a retiree just looking for chop money

CuteRedd:
Hello Tony56 do you have any knowledge of stanbic's secondary market rate as at today?

Anytime you have funds to invest, pls don't wait to hear from anyone about the rates available. Just move over to any branch and ask the officer in charge of NTB there. If you wait for someone to inform you, it would be late because by the time you make the move, it would have been moped by other investors.

Even when you are in the Banking hall, before you finish filling the forms, those who see it even in other branches may be faster than you and by the time the officer is trying to process it, it may be gone because it's online in ALL their systems all over the country.

What I normally do is to get the forms before hand and fill it leaving only the dates and rates and amount at home before leaving my house and go very early in the morning especially on Mondays to save time.

Fm4real06:

Perhaps u work with stanbic.. my driver's license epired, wallet containing voters card was stolen, the only valid means of I.D wasnt accepted to open the required account so i rather stick with my FBN.

Well, the First Bank you're sticking to is also good for Primary Market but if you really want to try Stanbic you would go and renew your Driver's License. After all you need it too so as not to get into trouble with the law enforcement people.

Now you do not have ANY valid means of identification and you also probably refused to register with LASRA as a resident of Lagos State if you live in Lagos thinking that it can't be useful to you.

I am sure that you're enjoying First Bank too especially their Secondary Market which is about the best except that they don't leave your discounted interest in your account while debiting whereas Stanbic debits your account with only the discounted amount.

TONY56:


Apart from that, he can't get 18% at Primary Market but maybe he has Secondary Market in mind

That's it....very correct

TONY56:


Apart from that, he can't get 18% at Primary Market but maybe he has Secondary Market in mind

Oga TONY56,

Can you tell us your experience with First Bank regarding the Primary Market. When do they debit account?