dotcomnamename:


Smh. Its the other way round for you. Bitcoin reduced this morning.

torres2:


sir btc crashed yesterday from 17,200 plus to 16,110 this morning when I woke up around 8am. It rosed to 16,600 and now back at 16,3plus as at the time of typing. This is normal because number 1 properties of it is volatility.

But saying crashed I would disagree... there was a time it crashed during the weekend to 13,000 plus that is a "crash" sir. I bought 100 dollars during that period and sold when it was 16,700.

100 dollars turned 140.

Bought at 357 sold at 375 because of demand then making about 15,000 profit on a 35,000 capital just within 5 days. It is speculative no doubt but knowing your onions you will make profit from it nevertheless.

Investnow2017:


Any sane and serious investor would have seen this coming, anyway. I saw it all coming since August and I quickly keyed in when the rates were 18% and above because I sensed that we were then in the best of times on TBills. Ever since, my attention has been focused on the NSE where it is happening big time right now. More funds, I am confident will move into NSE for the bumper season ahead! Information and timing is key to financial investment. One lesson we must all learn. Except that one is guaranteed preservation of capital, anything less than 15% on TBills at this time when there are alternative competitive investment vehicles is a joke. The cycle will play out though as the economy takes a new turn come 2018, hoping that oil price will continue to inch up and the govt is able to key in and sustain potential growth in the real sector.

awesomeJ:
It's really too early to make conclusions on T-bills now, all we're seeing with rates are panic effects. Let's wait for the Jan 3rd auction first, it's only 20days away.

Meanwhile, if you absolutely have to invest your funds for those 20 days, and the only offers you see are for 7%, you can do a 365-day FD at 12.5%, then terminate prematurely in January. After the penal charge and WHT, you should still make 9% returns. Or you could do a MMF at 15%.

I know stanbic offered up to 12.5%.

MrHighSea:
Wow, sm1 here said no more tb auctions this year and if any funds will be refunded.
Truth
Just got credited the same amount i used in bidding on monday.
Una be winch

Jejebaba:


Boss, have you forgotten that, those investment you mentioned track Tbills. They will always offer something lower than Tbills true yield. I stand to be corrected though.

awesomeJ:

Certainly so, but we can only count on their inertia. For instance T-bills discounts have been at 15% for about 2 months now, yet most MMFs still sustain 17%.

PETERiCHY:


After 2 unsuccessful bids Fidelity finally debited my account today based Dec 14th primary auction at my own discount of rate of 18.65% on 365% Tenor.

They even left the yield in my acct, Honestly I felt like someone that robbed CBN

Glory be to God almighty.

*ThE OcToPuS*

PETERiCHY:


I don get alert na GOD win

Jejebaba:


Ok sir, please kindly let me know any MMF that still sustains 17% so i can move my matured Tbills there please. Thanks in anticipation of you response.

Jejebaba:


Ok sir, please kindly let me know any MMF that still sustains 17% so i can move my matured Tbills there please. Thanks in anticipation of you response.

awesomeJ:

Stanbic MMF. Website says 17.65% for yield today.

Investnow2017:


Stanbic IBTC MMF still offers 16.9 - 17.1% on the average so far. Got 16.98% yesterday. They are good.

torres2:


Imagine buying bitcoin of 300plus and just keeping for a month and value now up to 800 plus now. This was a fee kept for my M.Sc.

Bitcoin has been my financial regret of 2017 selling my btc on 11/03/2017 for 257k and value now 2.6million.

A hard lesson that have thicken my risk towards investment I must say

When I went last to terminate my last investments the man in charge had to even if I was getting married as he was curious to why I kept terminating my investment. Well how do I explaib crypto in a banking hall. I just told him it is for an emergency.

yomi007k:


Thank God oo..7% koo, 7% ni....



Dem wan give me high bp for here.

tunene66:


Even the bullish run on the stock market can not continue at the same pace. I agree with the statement "Information and timing is key to financial investment"

Investnow2017:


Stanbic IBTC MMF still offers 16.9 - 17.1% on the average so far. Got 16.98% yesterday. They are good.

awesomeJ:


It's easy.
If I buy 1m bills at 15% discount. I will be debited 850k. So my actual principal is 850k, will should become 1m if the investment matures.
Now if I decide immediately to terminate for whatever reason, and you want to buy from me at 18% you will only give me 820k, and collect the 1m on maturity, so I'll be losing 30k.
But if the prevailing market rates implies that I sell to you at 12%, then what you'll pay me will be 880k, which to me will be a 30k profit.

Basically, there's a profit when you sell at at a lower discount. And there's a loss when you sell at a higher discount.





To put things in another perspective, let's say you want to retail an item at your local store in Lagos. Item costs $100 per unit. It's year end promo, and Walmart is giving you a 10% discount.
Now when the goods reach Lagos, which will earn you profit-Offering a 5% discount or offering a 15% discount?. Obviously the latter has you selling at $85 while the former implies a $95 retail price. Cost to you is $90. So it's selling at a lower discount (5%) that brings the bucks.

RichYoungRuler:
Hi, Nice but truth is GTBank does not allow you sell your TBills, they buy off from you.
What banks allow you sell your TBills Short t? My understanding with GT is that once you are ready to terminate they buy it off you.
No chance for errm the rates are lower now so u should be able to gimme something on top!!!
No short selling of TBills with GTBank in my understanding.
Please state the banks that allow this in Nigeria, so we can know where to go for such.

Ojix85:


I'm glad too. Seems like good news.
But in the light of the recent happenings, one must begin to diversify.

feelamong:


Sharp guy!

Any smart Investor that wants to make more money should have reduced his Tbills investments by now!

The stock markets and the Cryptos space is the place to be now!

Please do your DD in any of these places sha! the sharks there are merciless!!

Fxmanager:
Check our signature for an alternative investment platform to diversify your investments. we target a return of an average 5-10% monthly return to investors.

emmanuelewumi:


What is the name of your fund management company?

Is your company registered and regulated by SEC?

Is your company registered by CBN?

Is your investment scheme registered and regulated by SEC.

Do you have reputable firms like First trustee, United trustee, Union trustee, who are appointed to act as the trustees of your investment schemes?

Do you have reputable companies who act like the custodians of the investible funds eg UBA custodians, First custodians etc?

Who are your fund managers? Can you share the CV of your fund managers? Are the fund managers licensed by SEC?

Your answers to these probing questions are needed urgently.

These were the questions I asked mmm guys, since the guys could not provide convincing answers I was able to save myself and my money from the brouhaha caused by the freezing and final crash of MMM.