INEC being a snail now, � . Count the gadem votes and let people decide on which way to go as regards investments. I'm in dilemma now, today being the last day to submit my bids with first bank ( is today the last day for this week primary ) . I hope n pray for a better n peaceful Nigeria irrespective of who wins.

Pharmtj:
thanks for sharing, I just love your sincerity.

Kudos Man.

U r welcome. My same sister in-laws is about to join our NTB league now after my advice, i believe she will say a big thank you in 5 yrs to come . We all just need someone to show us the right way up, because wht we have now is not wht make us a rich one, but what we continue to acquire , added with wht we already had makes the difference.

ahiboilandgas:
you are my type of man ...my friend that is yet to complete his house is using I phone x wetin i ask him how much he say it 550 k ...am sure he doesn't have capital of 3 m i ask him what special thing the phone does he can't answer that is part of packaging ...and when he is broke will downgrade to a lower phone and use the difference ...i told him why not buy a 80 k phone instead and buy gold of 480 and keep and sell do time of need...the iPhone screen is 70 k ....

Funniest thing is that most of them using the expensive iPhones don't even know much of its functions. Last year my co-brother in-law came from US, gift my wife iPhone worth 300k,i told her she doesn't need it cos the children will useless it, she agreed n we sold it then added the money to her business. Sometimes ago, i was with her same sister whose husband gave out the gift, she is using 550k worth of iPhone , there was a need to use a browser on her phone, pretty bad she doesn't even know where it's located,.Then i asked.. why r u with d phone, she said facebook, whtsapp n to call out. Common,the cheapest android can do that. As an investor, you have to deprive ur self some unnecessary luxury life in order to achieve ur goals,good lifestyle don't come easy. I remember 13 yrs ago, was living in a boy-squater of a ten flat at the front, most of the tenants called me n my family boysquater boys, i will just put on a smile. Withing four years i was able to build my own house n they were amazed when i was set to pack out. NTB is not overnight riches thing, you need to plan 5/7 years ahead now, that i told my wife. I like this ntb investments because it encourages me to safe for the future and also to enjoy "responsibly" . I hate mentioning figures but in 5 yrs time with this ntb, i shall be a KING in my own world,God willing. God bless our hustle

Anyone with first bank rate for yesterday primary? Was there bids successful? I need to know, cos I'm investing through them comes fortnight . Kindly update if you have any info. Thanks.

Adiwana:
Hello house,just coming from UBA.i was given 2,930,000 for 20 million at 363 days. I saw some people here say they were given by Gtb at 14.8% yesterday for 364 days.My question is do banks differ in rate they give their customers?? How come Gtb gave 14.8% for 364 yesterday and today UBA gave me 14.65% for 363 days?

Yes banks primary and secondary rates differ, some bank knows how best to bids in primary (such as stanbic n Firstbank) while some bids lower because they don't know how to play the bidding game and wouldn't want to lose out. 14.65 doesn't look bad but u lose say 29,000 to that rate. Cheers

Anyone with first bank rate for yesterday primary? Was there bids successful? I need to know, cos I'm investing through them comes fortnight . Kindly update if you have any info. Thanks.

Akin3891:




Thanks bro, I've been to the bank to enquire n the lady told me to wait till tonight or tomorrow morning to know if the bids is successful, cos my capital is just being held at the moment and final debit hasn't been done. It's my two years now in TB but I've always been subscribe to d secondary market not primary .

my first primary scale through, Just got credited ,frm stanbic, 14.95 for 364 i believe . So sweet. I'm so loving stanbic now

Grupo:


You will be credited before the end of the day

Thanks bro, I've been to the bank to enquire n the lady told me to wait till tonight or tomorrow morning to know if the bids is successful, cos my capital is just being held at the moment and final debit hasn't been done. It's my two years now in TB but I've always been subscribe to d secondary market not primary .

Guys kindly help out.. I did primary market with stanbic yesterday, they took off the principal amount but no credits of interest yet, wonder how long does it take to credit my interest after a successful bids? First time going through primary market, it's always been secondary market for me. Happy Valentine's to all

dyonpoint:


Hahaha.... Okay, I went to the bank today to confirm. I was wrong on the maturity date. The maturity is till April.

Jan and April are far apart, you guys are damn funny, you will come here to raise false alarm without verification ,forgetting some newbies are here to learn b4 making investment.

Nnamz:


It is not safer walking into banks either. I have put this to test. I was at the bank with my girlfriend to withdraw money. I gave her the cheque to see if they would flag her as a fraud. Can you believe that babe handed them the cheque and they handed her six hundred thousand Naira. If you ask me, you're more likely to forge my signature and walk out of a bank with my money, than to get into my email. In fact, long story short, email is safer. #DontArgueWithMe

God, some people are just so "funny" and always believe they are so right and can't be wrong. That is a good advice u just got, if u like share ur ATM pins with everyone, OYO.

dharpzee:


Hi, well I can suggest you try Meristem Mutual funds, and you can withdraw the said amount every 30days, with little or no penalty charge. you can reach me for more info 08178192374

Can u explain the bolded msg? Thanks, i understand that the intrest is calculated daily,but can it ever go below 10%, because if the rates is not as juicy as TB rates, i will rather go for a TB investment of a short terms,but my problem is that i might not always get a 31 days tenor in TB and this can affect my plan of monthly withdrawal . Also is there any risk" whatsoever " to my capital investing in mutual funds? I'm actually looking for a daily intrest rate between 10 to 13%, i understand the daily rate fluctuate.

Grupo:


Nobody said that but if you choose to say so, na you sabi.

"what if" the militants should resume bombing as threatened. Remember, this is a "what if" question. What do you think would happen to your investments?

You have a point and i hope FG slow down in making last minute decisions that could drive the country into anarchy . I'v been holding back on my 364 days investments pending the time the election fever fades away , but i do ask my self What If nigeria falls (God forbid), won't all Nigerians finances within Nigeria banks falls with it?, and not only my TB investments anyway.So, As much as i understand that all these could one way or another affect our investments, in terms of naira devaluation or affect our buying power and so on, i chose not to worry 'much' about things i have no control over. Yes we can discuss politics partially on this thread if somehow concerns our financial growth. All i pray for now is for a peaceful election and a stable Nigeria,because in it i merry. God bless Nigeria

ahiboilandgas:
truth ,I took several calculate risk too both in stock ,trucks ,bond etc ...but I don't know if am even rich or not cos it feels same but the feelings is Good sha..i earn around 9m annually from money market after 7 years ,extreme investments addiction affected me for several years i was driving a Honda 2000,some time I don't even have a car I use cabs /and bike ...but after the death of my personal investment friend and seening how is work was wasted I started using the income on my self...

I have a large family ,so i spend half of my tb intrest every year while i reinvest the rest. When it comes to works,i literally work my bones out, but when it comes to enjoyment, i don't look back as long as i have d funds. Cld hear some waiter's discuss me when i visit their eatry every Sunday with my family, i don't give a damn, if it's worked for, it must be enjoyed while I'm Alive not dead. The only things for now I kinda slow down to acquire are xpensive cars, it raises eyebrow, especially if living in not too porshd Area (i belong to that schl of thought : of living simple outside but enjoy deeply inside) , so i say to my self, i have to relocate b4 i get a new whip. I will work hard, even harder then go get those things my heart desires.

Zerilt:
Mutual funds can be good option for those who don’t have time or knowledge to spend trading on financial markets. Choosing a right fund could be done based on their historical performance

Hi guys, i know little on how money market work but i want to ask question regarding my plans of kind of investment. I want to put some money, but i will need to withdraw some money monthly from the acc, then proceed to keep the account for a year .ie: i will safe some money for a year but it's a must i withdraw some every 2nd of every new month till the end of one year , can this work out without having to pay for any kind of penalty charges that could affect my capital. Kindly advise, God bless u all

Agbaletu:

Maybe he used current account for the TBill. It is not advisable to use current account.

Nothing like Bleep, i use current acc with first bank and the charges is fair enough that i don't even have to go tru the stress to calculate

[quote author=dejiotus post=74903807][/quote]

Gbam. U took it frm my mouth already, nothing like 6.6 in ur case, simply use the 13.1 intrest rate to calculate whatever number of days you subscribed to and you will arrive at a correct result.

Creamz:
I invested 4 million Naira for 182 days and I got N269,260

Your interest is on point, you guys should learn how to calculate this % things b4 u give someone heart attack here or u go blow ur acc officer, lol. On a lighter note. Was thinking that they probably huke u down on a fixed deposit unknown to u, but after calculating ur investments, you are good to go. Take care

Pls guys, i need someone to quote me the lowest and the highest percentage in TB starting from 2013 till date. Merci

athaliya:
life of a scalper is hard, make one bad trade and spend the rest of the day trying to cover up, anyone in the same shoes with me?

Scalper life is harder than u can imagine, and also can lead to high BP n quick loss of capitals. Was a harden scalper When i used to trade forex, my returns most days is within 250k and 550k,and my loss a day can be up to 1m. I watched market movement like an eagle that want to pick up her target, it pays most times and get burnt sometimes, because i make much profit daily , i have enough funds to replace lost funds when table turned. I stop trading because of my health, happiness today sadness tomorrow is not my style of living anymore, now all monies sit in TB while i watch returns flows. I will advice u to stop scalping and try to make forex a business by tradding with strategies, don't set profit target for ur self , just make the money bit by bit as the opportunities present it self, at the end your yearly profits determined if u r a looser or a winner . Also remember, every traders.. (No matter how good u r) will get burnt one day, so my advice to traders is not to trade forex, but trade with 100% discipline n always diversify ur investments, I've seen $300k best investor of 5yrs of good trades SINK entirely withing a week, my write up is not to scare anyone but make sure u have Plan B, C, D ,E, afterall life without a risk is mere existence. I stop trading since 3 yrs ago, left with high BP but something tangible

unite4real:


Oil price maybe low but the foreign reserve is better than the last time TB rates were as high as 18%. CBN can weather the storm unless the low oil price persists for too long. So pls don't push your luck on the 17%. If you got up to 15%, it's time to lock down. My opinion though

I'm not only looking at oil price nosediving as possibility for rate increase but the uncertainty that surrounds Nigeria forthcoming election might also got something to contribute to an increase . I'm not 100% certain that these factors can spike rate to 18% but sure rate won't be at 15% mid February. My thoughts tho

murphyrichy:
This is more than good bro

Yea, good deal kind of. At least that gonna take care of somethings, pending the ripe time for more juicy rate nxt year. At least I'm hoping to lock up for 364 days @ at least 17% intrest. Oil is now $48, so not corresponding with the FG 2019 budget, so FG might need to borrow more from us to foot the budget.

Got 13% for 42 days @ Firstbank today. Does Anyone know the current rate for long periods with other banks?

sempe123:

Lol.why wouldn't you want it to continue running after feb 14?You think Nigeria government will cease to exist?

Nigeria won't break, just my funny phobia for Nigeria election as tension is always high during this period, also was hoping for a better rate come next year. i want to ask people here that do talk about Nigeria govt going default, if nig govt/cbn crash, can any other Nigeria banks stand? I believe no..( it's like d sky gona fall, no be only one man worry) i have no fear for ntb going down, so i put all my funds and i enjoy d profits all year round . I'm a fan of real estate but almost got killed by a tenant during a fight over rent,so i stop building, at least for now. Wish u guys merry Xmas, taking my children out now to where my account balance can sustain. Lol

First bank is such a crazy bank, very stingy in everything. Thanks that I'm conversant with this site, was there days ago, the lady incharge said, no tb until nxt year, i was like wht, Xmas plans ruined. So someone here said, som bank r still running tb, so i went back to meet the said lady, i just said give me transfer form as u guys won't accept tb, when she realized the funds involved, she even had to beg me to run d tb for me. Gave me 11% for 64 days, as i wouldn't want any tb running beyond fed 14, cos of election, hoping to long it after election, happy to come across this thread, it has indeed change my life ,reasoning and of course my pocket. Kudos to u guys, First time to comment

Pretty lady can do anything after all , doing a task is not by how ugly or pretty u r

Lol