What duration does FGB work ...5yrs only?

Ephemmm:


What is the minimum amount that can be invested in TB in Guarantee Trust Bank?

200k or so not so sure

What is the least year one can buy inbond.......
And if say I buy for2 years and my brother buy bond of 4years. Will I enjoy the benefit that off four years also benefit........and let say am on bond for 3 years with one million naira and I decide to opt out in d second year what we I forfeit.

Gurus in the house. Help me with this
https://www.nairaland.com/2563710/what-best-way-invest-1

When is the next treasury bill auction in Gtbank?

adrianstylez:
When is the next treasury bill auction in Gtbank?

tomorrow

babakess:


tomorrow

Any suggestion on the rate I can bid with 500k for 91 days? However, what does 10% interest for 91days represent? Does it mean 50,000 for the whole 3 months?

Naijainvestor:


Bond price calculation involves the use of Discounted Cashflow analysis, one thing is missing in your information above. And that is the yield to maturity, if you can tell me the yield you expect to make at maturity, then I will calc the price for you. Assuming your YTM is 16%, the bond should be valued at N98.001

pls I want to invest in FG bond for 16th sept 2015, for the 5yrs(4.5yrs) duration but what I want to understand in a lay-man's knowledge is; if i subscribe for that of N500,000 how much (the amount) 'll be my interest if the percentage is like 15.54% for instance. when'll i be paid, i hear things like semi annually? Pls gurus in the house help thanks. cc: naijainvestor , feelamong

babakess:


tomorrow

Please are you sure about this because the guy I met at Gtbank today said it hold s every 2 weeks and the last one ended today. He doesn't seem too learned though. Where I knew he wasn't learned is where he said you can't liquidate before your duration matures in the secondary market, as opposed to what I have read and seen in this the treasury bill thread.

adrianstylez:


Please are you sure about this because the guy I met at Gtbank today said it hold s every 2 weeks and the last one ended today. He doesn't seem too learned though. Where I knew he wasn't learned is where he said you can't liquidate before your duration matures in the secondary market, as opposed to what I have read and seen in this the treasury bill thread.

he is right ....auction is every 2 weeks ...wednesdays.....tomorrow......but application ended today....so you have to wait for the next one ........after the auction morrow ...entries are passed on thurs

Ephemmm:


Any suggestion on the rate I can bid with 500k for 91 days? However, what does 10% interest for 91days represent? Does it mean 50,000 for the whole 3 months?

i go with the banks bid rate most times to avoid missing out ..........and secondly the rate for 91days tenor should be around 10%.....its been around that......10% of 500k is 50,000 per annum....so 91 days is 1/4th the annual figure that is 50,000/4= 12,500naira.

My Advice is if you dont have need for the money its better to buy 364days and enjoy a higher rate like 13 to 14% per annum........that 3 to 4% will cost you over a long period of you look at it critically.

babakess:

he is right ....auction is every 2 weeks ...wednesdays.....tomorrow......but application ended today....so you have to wait for the next one ........after the auction morrow ...entries are passed on thurs

So when next can I invest my cash??

adrianstylez:


So when next can I invest my cash??

Like he said (and it's been repeated here), TBills happen every two weeks. If you want to get in on the next, talk to your bank rep 1 week in advance.

babakess:


i go with the banks bid rate most times to avoid missing out ..........and secondly the rate for 91days tenor should be around 10%.....its been around that......10% of 500k is 50,000 per annum....so 91 days is 1/4th the annual figure that is 50,000/4= 12,500naira.

My Advice is if you dont have need for the money its better to buy 364days and enjoy a higher rate like 13 to 14% per annum........that 3 to 4% will cost you over a long period of you look at it critically.

Thanks. I think it is high time I look for land within this range instead of allowing the money to remain idle. Accept my warmest regards.

petikal:

Like he said (and it's been repeated here), TBills happen every two weeks. If you want to get in on the next, talk to your bank rep 1 week in advance.

Thanks a lot.

In progress

hoping 364day will close at 14%

freeman67:


GTB, FBN,StanbicIBTC will collect the 200k or even 100k. The things is that most of the banks like do not normally warm up to it but you have be serious with them. Like a poster above said make moves go transfer your moni to another bank if they don't comply.

would a TB certificate be issued to me if i invest in TB with 100k/200k?
Can i choose to invest both the interest and principal on my first day of bidding?
If it is possible for me, will i be credited with the interest and principal before it is reinvested?

motherlode:

would a TB certificate be issued to me if i invest in TB with 100k/200k?
Can i choose to invest both the interest and principal on my first day of bidding?
If it is possible for me, will i be credited with the interest and principal before it is reinvested?

you can reinvest the interest next auction day which is 2 weeks frm that day........and provided it meets the minimum required amount for bidding ........there by increasing your annual return yr/yr..........Example........Lets say i purchase N2,000,000 at 14% at today's auction ...my return or interest is 280,000 for the 364days....over the same period i can increase my interest for the year by using the 280k to repurchase the bills two weeks later.....assuming interest fell after two weeks to 13.5% per 364days.....280k *0.135=N37800......to adjust for the two weeks ....................it becomes 37800*(350/364)=36346. add that to your original 280k interest then you have N316,346,Meaning your ROI for the year is 15.82%......1 to 2% interest increase in ur annual return can increase your wealth by millions after a long time.

THIS IMAGE SHOWS YOUR WEALTH COMPOUNDING AT 10%....FOR 20 YEARS

I.E (1+0.1)^20 X PRINCIPAL=6.73 X PRINCIPAL after 20years .....(1)

now.....15.82% compounding over the same period .....

(1+0.1582)^20 x PRINCIPAL =18.87 X PRINCIPAL...............(2)

THAT MEANS INCREASING THE INTEREST RATE BY HALF(1.5)......tripled the multiplication factor of our wealth.........each percetage count over the long run AND TBILLS IS safe....Thats[b] Explosion[/b] folks .........no putting into consideration your contribution for the year in form of savings

WHATS YOUR PRINCIPAL TODAY start now and be free in 10years minimum

htconeline:
What is the least year one can buy inbond.......
And if say I buy for2 years and my brother buy bond of 4years. Will I enjoy the benefit that off four years also benefit........and let say am on bond for 3 years with one million naira and I decide to opt out in d second year what we I forfeit.

Maybe deliverance from bondage.

mekaboy:


Maybe deliverance from bondage.

Hahahahahahahah

babakess:


200k or so not so sure

GTB takes 100k upwards... But they'll first tell you 500, only when you tell the customer care/acc.officer person willhe then accede to your 100k

adrianstylez:


Please are you sure about this because the guy I met at Gtbank today said it hold s every 2 weeks and the last one ended today. He doesn't seem too learned though. Where I knew he wasn't learned is where he said you can't liquidate before your duration matures in the secondary market, as opposed to what I have read and seen in this the treasury bill thread.

He's sorta right, instruction window/portal for bid placement closes a day before d real date

While actual execution of your instruction takes place. The day itself

What rates are they offering? The one here told me 9.7

babakess:


i go with the banks bid rate most times to avoid missing out ..........and secondly the rate for 91days tenor should be around 10%.....its been around that......10% of 500k is 50,000 per annum....so 91 days is 1/4th the annual figure that is 50,000/4= 12,500naira.

My Advice is if you dont have need for the money its better to buy 364days and enjoy a higher rate like 13 to 14% per annum........that 3 to 4% will cost you over a long period of you look at it critically.

Morning Babakess! What are the official rates for stanbic/Access/GTB please?

mickey45:


He's sorta right, instruction window/portal for bid placement closes a day before d real date

While actual execution of your instruction takes place. The day itself

What rates are they offering? The one here told me 9.7

You no dey sleep

Setaje:


You no dey sleep

@ Setaje; didn't know you also frequent this joint, shai! Money no dey do you?
How every? I pm-ed you o!, wetin happen?

Setaje:



You no dey sleep

@ Setaje; didn't know you also frequent this joint, shai!
Eego no dey do you?

How every? I pm-ed you o!, wetin happen?

THESE ARE THE RATES FOR YESTERDAYS AUCTION


T/BILLS: PRIMARY (02/09/15) 91 Days : 10.0000 182 Days : 13.5000 364 Days : 14.6900

mickey45:


@ Setaje; didn't know you also frequent this joint, shai!
Eego no dey do you?

How every? I pm-ed you o!, wetin happen?

You pm me. I no see am ooooo. Good morning.

babakess:


you can reinvest the interest next auction day which is 2 weeks frm that day........and provided it meets the minimum required amount for bidding ........there by increasing your annual return yr/yr..........Example........Lets say i purchase N2,000,000 at 14% at today's auction ...my return or interest is 280,000 for the 364days....over the same period i can increase my interest for the year by using the 280k to repurchase the bills two weeks later.....assuming interest fell after two weeks to 13.5% per 364days.....280k *0.135=N37800......to adjust for the two weeks ....................it becomes 37800*(350/364)=36346. add that to your original 280k interest then you have N316,346,Meaning your ROI for the year is 15.82%......1 to 2% interest increase in ur annual return can increase your wealth by millions after a long time.

Hello dear and thank you for the explanatoin above,
but i have a problem with gtbank i deposited some amount in my account 3months ago to invest tb and they kept dissuading me to go for fixe deposit but i declined and i insist that i want TB and now i keep spending the money and replacing it back,
i now told them i want to transfer to another bank ,
but after a lot of begging that they will do it for me and i was told that another one was ongoingg and ended on friday last week because i was there on wednesday last week and up till now the money have not left my account and to now discover that another one ended yestarday ,
please what do i do now.