omotech:
Pls let gurus in d house kindly answer this question because I'm also interested, but I have little money, plz for God sake I need help on this matter thanx in advance.

awesomeJ:

Even when the official minimum was 10,000.00 most banks would demand a minimum of 100,000. Now, the minimum has been raised to 50 mills. However most banks still place bids for customers with up to 100k albeit at the bank's rate.
If your funds are little, I'd advise you open a mutual funds account, it makes it really easy to grow the funds as you can top up your investment at anytime even with as low as 5k. The returns on your investment could also be as high as 17%.
The key to becoming a successful investor is starting now, and consistently committing to growth. It won't be long before you look back and smile.

omotech:
Thank very much, GOD will Bless you and it shall well with your SOUL, Pls can I have your whatsapp number so that you can teach more because I don't know much about I'm so grateful once again thank you ,I'm looking forward for reply

spiceeamiee:
Hey guys, I wanted to do Tbills primary market for 91 days with First bank last week and my account officer informed me that they were no longer doing primary market so I asked her what the rate was for secondary market for 91 days and she told me 13% and above so I told her to go ahead. A few hours later, I recieved my debit alert but the tenor on it was 98 days. The most intriguing of all was that when i got my upfront interest and calculated, I saw that they have gave me 18% at 98 days. I called my account officer and she confirmed.

I know some people will say no Bills for 98 days. Well me too did not know there was something like that and at a whopping 18%, I think its more than fair. I will try and see if i can post a screen shot of the investment

freeman67:


Yes that is secondary market for you. It could either go both ways...Some times higher and other times lower. The tenor/rate is dependent on what is available. Probably the 18% you got for 98 days was for a 364 customer who got @ maybe 18.5% that needs money for pressing issues or other investment.

awesomeJ:

Well as it is, I don't do WhatsApp. This is basically the only place I have some social media presence. So given the anonymity the forum offers, I think you should be comfortable posting any questions you have here. I promise to give my best answers to them as promptly as possible. More so, there are other peeps here who could be of more help.

awesomeJ:
The literary meaning of the word "mutual" as far as investments are concerned is "collective".
Most mutual funds are run by assets management firms. Good ones around are Stanbic(SIAML), ARM, and FBN Capital.
These guys pull funds from several retail investors, and from the huge pool of capital, they are able to make investments with great yields, and so each fund participant gets a higher return on their investment than they would otherwise have gotten.
Take banks' fixed deposits offer for instance, with 50k, you won't get any offer, with say 200k, you could get about 8%, but with 800mills and a thorough search you may get up to 14%, now with a mutual fund account, you will get that same 14% even with a 5k investment.

To open a Stanbic MMF account, just walk into any Stanbic branch and tell it to them. The minimum investment is 50k.

amjustme2:
Treasury Bills or Mutual Fund, which is more profitable?

amjustme2:
Treasury Bills or Mutual Fund, which is more profitable?

MyPicsSaysItall:
Do I go to any of their branches or to Stanbic Asset Management office


Happy Easter

awesomeJ:

One good thing about Stanbic IBTC Holdings is they try to integrate all their services. So whether it's banking, assets management or pension they help you with, you can always access them through any branch of the bank. Even their mobile banking app has their pension and asset management services integrated.
So all you need do is visit just any branch of the BANK, and you'll get what you want. However visiting SIAML's office could be as easy as just placing a phone call. They can be reached on 01 280 5595. You'll get all your needs attended to.

awesomeJ:

One good thing about Stanbic IBTC Holdings is they try to integrate all their services. So whether it's banking, assets management or pension they help you with, you can always access them through any branch of the bank. Even their mobile banking app has their pension and asset management services integrated.
So all you need do is visit just any branch of the BANK, and you'll get what you want. However visiting SIAML's office could be as easy as just placing a phone call. They can be reached on 01 280 5595. You'll get all your needs attended to.

deepwater:
Greetings house.
Good job you guys are doing here.
Please can someone kindly explain this to me:
The new FG saving bond says 13% interest on principal to be paid quarterly.
Does this means that one will get 13% of his / her investment every 3 months Or the 13% interest would be divided by 4 and the resultant would be paid quarterly?

Also can we throw some more lights on the FG Savings bond for me and my humble learners in the house.

Happy eEaster guys!!!
If person read this whole thread e go just be like small guru in investment matter.

Great job guys
I appreciate you all

deepwater:
Greetings house.
Good job you guys are doing here.
Please can someone kindly explain this to me:
The new FG saving bond says 13% interest on principal to be paid quarterly.
Does this means that one will get 13% of his / her investment every 3 months Or the 13% interest would be divided by 4 and the resultant would be paid quarterly?

Also can we throw some more lights on the FG Savings bond for me and my humble learners in the house.

Happy eEaster guys!!!
If person read this whole thread e go just be like small guru in investment matter.

Great job guys
I appreciate you all

Sylverly:
Please when is the next auction

amjustme2:
Interests are calculated per annum. Meaning 13% yearly since its Bond, a long term investment. Since the condition is 13% paid quarterly, it means 13% divided by 4. what ever thee result , you will get that every 3 months as interest.

Let's say you are investing 5m in a FGN2023 bond @ 16% paid quarterly.

Your interests would be 800k per annum. Since interest is paid quarterly, you will get 200k every 3 months for the next 6 years.

There are bond experts in the house , they will explain more to you.

wura2020:

amjustme2:
April 19.

Sylverly:
thanks