Ugmama:




when is the next bidding, what rate are you going for and your bank?

warchild00:
45M Property Rent 3m-3.5 Yearly
45M On TBills 356 Tenure @ Min 17% = 7.65m

Please Advice

Ugmama:
when is the next bidding, what rate are you going for and your bank?

pinkcotton:
I will please like to know the date for the next bid.

warchild00:
45M Property Rent 3m-3.5 Yearly
45M On TBills 356 Tenure @ Min 17% = 7.65m

Please Advice

Femiobat:
If one have 2.3 millon in zenith bank and choose a face value of 2.5 millon will the account be debited if the bid is appprorirate with CBN. Since the after discounting the face value the amount to be debited will be less than the money in his /her account.

Biggybountz:
Champagne Popping!! First Time Bidder !!!

My Bid through GTB has been successful in this instance as I have seen so many debit alerts come in in the last couple of hours.

I advised the bank to go by their own rate as I have not dictated a rate for them. By my calculations from the amount debited off my account i have computed the rates as:

91days - 12.9%
182days - 16.4 %
365days - 17.4 %

All in all I am happy as I have gone through a lot of pain before these finally come through. At this point, here are my concerns below:

1) What is the proof or evidence that I hold TBs? and they were taken through GTB? as I have not been formally contacted by GTB yet. No documentation whatsoever.

2) How do i know the maturity dates? I have no documentation at all.

3) how do i go about selling them should the need arise?

Thanks to everyone who has contributed here, every contribution has resulted in my successful bid today, I took the pain to read from page 1 and have not regretted doing so. I wish the property section was this informative.

Sorry about the font size. I have tried changing them to small fonts but cant get my way around doing this

godash:


3m - 3.5m rent is a return on investment of about 7% per year.

TB at the last stop rate of 18.3% for 1 year would have given a return on investment (true yield) of over 21% if the entire 45m was invested upfront. That means 3 years worth of rent at the end of the 1-year tenor.

Remember also, the risk profile is different. For Treasury bill, it's considered risk-free. Like @Tunene66 said, property value and possible rent appreciates. But there can be gaps in the rent and it's not always guaranteed. However, there's tangible value in the pride of ownership especially if it's your first home.

An option is to have the best of both opportunities. While you are working on your building plan and maybe CofO (assuming you've bought land already), you can invest the money and get the ~20% returns per year.

Just my 2 kobo.

warchild00:
45M Property Rent 3m-3.5 Yearly
45M On TBills 356 Tenure @ Min 17% = 7.65m

Please Advice

tunene66:


Note over time property values appreciate n so will rental income. While TBill rates fluctuates either way n d principal value remains constant. The choice is

warchild00:
45M Property Rent 3m-3.5 Yearly
45M On TBills 356 Tenure @ Min 17% = 7.65m

Please Advice

warchild00:
45M Property Rent 3m-3.5 Yearly
45M On TBills 356 Tenure @ Min 17% = 7.65m

Please Advice

manie:


You can also plough back your interest and compound the return on your TB investment.

joesir:
Pls can I start T-bills with 10k? I already have savings accounts with GTB, UBA, Access and Fidelity Banks. Which of these banks will accept 10k.
Is the next bid starting Oct 5?

Thanks.

seemples:


Great pieces of advice given already.

Also, have you considered borrowing that capital from a Fed Mortgage Bank? Their rates are quite low, think 6-8%, which you offset from the TB yield of 18%

seemples:


Great pieces of advice given already.

Also, have you considered borrowing that capital from a Fed Mortgage Bank? Their rates are quite low, think 6-8%, which you offset from the TB yield of 18%

Abcruz:
pls, is the 6-8% a yearly interest for federal morgage bank?

teeboy95:


Pls I have a question.. Is it that easy now to borrow capital from Fed Mortgage Bank.. What is the process and procedure like.. thanks

godash:

Can't tell about Zenith but I did just that with GTB.

godash:

Can't tell about Zenith but I did just that with GTB.

Ugmama:
okay. my question is, how do i go about bidding in Zenith bank and if they allow one to bid 500k or must it be 1m and above?

Also how good is eco bank?

uc198080:
Please can TB be rolled over?If yes,can one roll from 6months on maturity to 1yr?

What is the process?

freeman67:


Yes it could be rolled over in First bank and probably GTB too but I have only had a personal experience of it in FBN.

The process is quite simple on the form you are given to fill in FBN there are options of rolling over invest and capital or rolling over only capital....etc just tick the one that is OK for you.

Note:
When it expires and the bank bid do not go through the money would be dropped back in ur account till probably the next successful auction.
Hope it helps...

ihedioramma:
Can fbnh take #100,000 in tb sir?

freeman67:


Yes it could be rolled over in First bank and probably GTB too but I have only had a personal experience of it in FBN.

The process is quite simple on the form you are given to fill in FBN there are options of rolling over invest and capital or rolling over only capital....etc just tick the one that is OK for you.

Note:
When it expires and the bank bid do not go through the money would be dropped back in ur account till probably the next successful auction.
Hope it helps...

freeman67:



Yes Pastor they accept from N100,000 upward.

tunene66:


Note over time property values appreciate n so will rental income. While TBill rates fluctuates either way n d principal value remains constant. The choice is yours