tolutweety:
To all the Tbills guru in the house: A happy and fulfilling investment in the new year.

cc seun
angelo82
Chillisauce
princeuk21
. Nitrogen
Coderxo

tolutweety:
To all the Tbills guru in the house: A happy and fulfilling investment in the new year.

cc seun
angelo82
Chillisauce
princeuk21
. Nitrogen
Coderxo

angelo82:
Wishing you the best of 2015..........

nitrogen:

Brother, Jah bless our hustles. Amen!

tolutweety:
To all the Tbills guru in the house: A happy and fulfilling investment in the new year.

cc seun
angelo82
Chillisauce
princeuk21
. Nitrogen
Coderxo
Feelamong

Sylverly:
Please gurus!! Would like to be clarified on this issue. If I decide to go for that of 91 days maturity, does it mean after 91 days of investing I would get my invested cash and ccomplete lets say 10% interest.. Or is the 10% paid at interval, throughout the year.

walcolm:


you'll likely get your 10%p.a. upfront and get your principal back after 91 days

Sylverly:
thanks so much..initially I thought one could go for 91 days, get your invested money and the 10% interest at a go.. Then re invest..now, I understand how it works, on this ground I think 364 days would be better
..what's your say on this?

walcolm:


after every 91 days you can ask the bank to turn it over...meaning they will buy you another 91days bill and give you your interest

Sylverly:
ok..then I think that should be the better..let say I went for 91 days..and turned it over three times(91 is roughly 3 months, so 3 months thrice is roughly a year)in a year..that means I'm expecting 3 times the interest in a year...ryt?

coderXO:


Quietly reading but I should comment because you are sounding like "turning it" over 3 times will yield you 30% in that 9 month span.

Er, 3 times the interest yes but your interest is not 10% over 3 months.

Has been said many times on this thread, but in case you missed it: interest rates are USUALLY quoted on an annual basis.

Thus the rate you receive is the return you getleaving your cash over a 12 month period.

Sylverly:
getting clearer day by day...I appreciate a lot, you did the needful by commenting...so, what that 91 day means is , you get your invested cash after the 91 days but not the complete interest.(one can only get complete interest on annual bases)

coderXO:


If you bid and got at a rate of 10% for a 91 day bill.


91 days is about [365 / 4]


So your interest over 91 days would be approximately [10% / 4] = 2.5%

Pluslargent:


can't help but wonder how many tines this will be explained through the forum....

tolutweety:
@coderXO
@pluslargent

Best advice to give a newbie here is to tell them to invest as little as 10-15 mins to go through this thread.

If they are too impatient to ignore that advice, I dont think they can be patient to invest their money for months.

Morning all!

tolutweety:
To all the Tbills guru in the house: A happy and fulfilling investment in the new year.

cc seun
angelo82
Chillisauce
princeuk21
. Nitrogen
Coderxo
Feelamong

coderXO:


Yes perhaps but quite frankly 1/3 of the content of these 72 pages isn't particularly useful.

tolutweety:

You are right!
But the 2/3 of the content of the 72pages left is still the basics one should know.

That aside,when is the next bidding date?
Is it really still advisable to pump in money into tbills, considering the forthcoming election and other unstable economic factors @ d moment.

Whts your take?!

cc chillis

Chillis:


my dear, i have already booked for 7th January
I saw the 15% and my eye balls came out from the socket

Im watching closely though with my accountant, any kpararam, i sell it off!

pls has anyone sold off their TB before maturity. How much is deducted from the whole investment? Is it worth it selling off after some months?

lancee:
Yes 15% is tempting , am joining the crew next week , anybody wanna roll with us should think abt it

Sylverly:
yea...I'm interested..but was the 15% published, if so where can I get the full details..though, I'm considering starting with 200k