Kemade2007:
Please house, I'm at stanbic bank for TB secondary market. The officer in charge told me he needs to send a mail to confirm the tenor and rate on ground and more than 10mins now,they have not replied the mail. My question is
Is it normal procedure because I'm always on primary this is my first time of doing secondary market

Pls I need urgent reply.Thanks in advance

Nowayo4Real:
Up till now I haven't been debited, though I did with FBN yesterday.

cutiereborn:
Guys I am at FBN now. Just got secondary market - 100days for 14.5%
See how fast I am filling the form.
They don't have 90days and the 85days and 73days are @13% each.
Hope it is a good buy for 500k going by the fall in rates currently?

Olamytea:



I waited an hour plus b4 a response was sent. And market is often bwt 10-2pm frm what I was told at Stanbic yesterday

cutiereborn:
Guys I am at FBN now. Just got secondary market - 100days for 14.5%
See how fast I am filling the form.
They don't have 90days and the 85days and 73days are @13% each.
Hope it is a good buy for 500k going by the fall in rates currently?

judlice84:
Gurus in the house,is it advisable to change dollars to naira and buy treasury bill or not....
Please,I need advice.
Thank you

Santino1:


Pretty simple. As a simple example:

Let's assume you got USD 30,000 as a loan. When you convert it at the current exchange rate of 360 you get 10.8 million naira. You now invest the 11 million in T-Bills at 18%. (0.18*10,800,000) this will give you 12.98 million upon maturity (including your initial capital). Now assume the exchange rate is 500 naira to a dollar at maturity (which was the lowest naira value a while back). Divide 12.74 by 500 and you get about USD 25,500 which means in effect you have lost over USD 4000 due to the fluctuating FX.

This of course a simplified explanation but you get the gist I hope.

walexlo78:
Thanks for the update. Anything above 250days? What rate?

NL1960:


Chai, e be like say na fastest finger now for secondary market.

Kemade2007:
Please house, I'm at stanbic bank for TB secondary market. The officer in charge told me he needs to send a mail to confirm the tenor and rate on ground and more than 10mins now,they have not replied the mail. My question is
Is it normal procedure because I'm always on primary this is my first time of doing secondary market

Pls I need urgent reply.Thanks in advance

Kemade2007:
Please house, I'm at stanbic bank for TB secondary market. The officer in charge told me he needs to send a mail to confirm the tenor and rate on ground and more than 10mins now,they have not replied the mail. My question is
Is it normal procedure because I'm always on primary this is my first time of doing secondary market

Pls I need urgent reply.Thanks in advance

PeterKbaba:
Very sad, but I had no choice but to invest my very large sum into 241 tenor for 15.25%.

My Question Is:
Is 241 Days Tenor For 15.25% Okay?
Is this rate okay?

PeterKbaba:
Very sad, but I had no choice but to invest my very large sum into 241 tenor for 15.25%.

My Question Is:
Is 241 Days Tenor For 15.25% Okay?
Is this rate okay?

anitank:


That I'm very knowledgeable about TB today is because of you and a few others here, so thank you!

Investnow2017:


Thank God for the compliment. I too owe my enhanced knowledge to the gurus on this thread who have and are still exerting themselves selflessly on behalf of all and sundry in the house.

Investing requires patience and discipline, discipline above all.

I just did a little calculation a while ago. Assuming I had opened a mutual fund with just N100,000 at an average of 10%pa 15 years ago and had been topping it up yearly by just N10,000, you can't believe that by this year 2017 my total account balance would have been N4.4m Naira! That is the power of compound interest! If I check properly, assuming there was the vision and some discipline, it would have been possible with my annual income since then, but the lack of discipline has simply made it a fond story meant only to be told, which it is now, really.

The culture of investing should form a veritable part of our school curriculum and should be handled in a demonstrable manner. Equipped with this habit, a lot of graduates would not come down with hopelessness as we see in the face of the rising unemployment in our society today.

I still believe our school curriculum is neither dynamic nor pragmatic. And it will remain so, as long as it continues to maintain a widening disconnect with reality. Financial Education is for all literate and educated persons, it should not be limited to only those who read courses related to it. And don't be surprised, even many who had read courses bordering on finance still have issues putting their knowledge into practice, only because they had received their education as an abreast experience. Sad.

Cheers all. Trusting the new generation work its way out of this unreality!

NL1960:


Is it possible to get 10% consistently for such a long period as 15 years?. These mutual funds invest in TBs also and once rate is down, it will have an effect on the ROI.

When i had my child, i opened a mutual fund for him with First Bank and was consistently paying a certain amount into it every month with an eye on at least 10 years when he will enter secondary school so that i can least fund his boarding education in case. After some few years, the total amount i had put in has been so badly eroded and when i asked them the cause, i was told that the amount was invested in the stock market and that was when stocks were down with no hope of rising. I had to cut my losses by terminating it and move whatever amount i could get to a savings account after balancing up the expected total amount with an additional amount. At least, instead of the money to be dropping on a daily basis, savings account had the principal preserved. After learning of TBs, i have now invested the amount in TB while still continuing with the original monthly payment. Na me dey take charge of the money by myself now. Before i look at a mutual fund, i will have to be sure that it is a fund that does not invest in stocks as stocks are too volatile.

Now coming to the teaching of investment education side, parents should teach their children since it is not available in our curriculum. If my parents had taught me as Papa Landlord, Pa Emmanuel Ewumi parents had taught him, by now, i would have been richer than him.

emmanuelewumi:

Nice one there. As per the consistency of 10% return from money market mutual fund, it is very possible.

Sorry about the below average performance by your fund manager.

NL1960:


I will appreciate a little insights. Is it purely on a Money Market Fund or a mix of Money Market and Stock?. I can gamble with my own funds for stock market but iam skeptical with gambling with those of my children.

NL1960:


Is it possible to get 10% consistently for such a long period as 15 years?. These mutual funds invest in TBs also and once rate is down, it will have an effect on the ROI.

When i had my child, i opened a mutual fund for him with First Bank and was consistently paying a certain amount into it every month with an eye on at least 10 years when he will enter secondary school so that i can least fund his boarding education in case. After some few years, the total amount i had put in has been so badly eroded and when i asked them the cause, i was told that the amount was invested in the stock market and that was when stocks were down with no hope of rising. I had to cut my losses by terminating it and move whatever amount i could get to a savings account after balancing up the expected total amount with an additional amount. At least, instead of the money to be dropping on a daily basis, savings account had the principal preserved. After learning of TBs, i have now invested the amount in TB while still continuing with the original monthly payment. Na me dey take charge of the money by myself now. Before i look at a mutual fund, i will have to be sure that it is a fund that does not invest in stocks as stocks are too volatile.

Now coming to the teaching of investment education side, parents should teach their children since it is not available in our curriculum. If my parents had taught me as Papa Landlord, Pa Emmanuel Ewumi parents had taught him, by now, i would have been richer than him.

emmanuelewumi:



If I start we may derail this thread. But it is possible with a money market mutual fund.

emmanuelewumi:



If I start we may derail this thread. But it is possible with a money market mutual fund.

luluz4u:
hello guys , please can i just leave the amount to be debited for t-bill or i need to have the whole funds in my acct?.
for instance if i am buying t-bill of 600k for 365days at 17%. do i have to leave upto 600k in the acct or just 498k/500k

Investnow2017:


Oga Emma,

We are all here to take advantage of whatever knowledge we can get to improve our investment skills. Let us not be too uptight with our comments. You have been very generous on this Forum and many like me owe you many thanks. Please whenever you have any valuable contributions, PLEASE, PLEASE share it. The rule were made for us and not us for the rule. This whole fear of derailing thread is becoming a stumbling block. The Primary Thread is INVESTMENT. That is the way I understand it. It even sounds monotonous when we limit ourselves too strictly discussing nothing but same thing over and over and over again. Some digression and small quarrelling, do help to bring the better part of some of us

Please Oga Emma, if you have the time, share your experience as you have indicated.

Waiting, along with others too.

Cheers

Santino1:


Everything depends on your appetite for risk and what the forex market is doing.
This has been discussed before. Here is my post from an earlier post: Check page 338 for awesomeJ and others' awesome contributions on that page.

godello:
if the calendar is anything to go by, i thought 19th oct is the next bidding day?