C505:
Apparently, it's good to diversify as someone said. I invest part of my fund in MMF and the other one goes to annuity for life.

Although God will not let our hard earned money vanish like as if we're otunba cash.
Easy come.....easy goes but it's more hurtful when you earn honestly and loose it all.

That won't be our portion in this forum

Amen ooooo in Jesus name

dotcomnamename:



Just ignore them and do your thing. They are plenty on nairaland and they even know better than CBN. Lol Imagine those defense approach . Initially it was "Risk'' and now the story has changed. There is a significant difference between advising someone about diversification and initiating someone into negativity /false claim. The now diversification is a poor attempt to divert attention from the first point of fact violators. Basically majority of Treasury Bills investors have their portfolio, including myself, such as Mutual Funds, e.t.c. But that's not the point raised before. But the story has suddenly changed. We all know how to throw fufu or eba into our mouth and at the same pretend nothing is in our mouth.. .

I don't blame them at all because I was once in their shoes. But let me tell you something, when you’re trying to solve problems, negative people will always come up with a reason it won’t work. They have this believe that their opinion should shake your reality. So, rather than participate in their negative conversation, just avoid them. If TB is your only single inv account and if you can afford it invest big on TB and you will smile. Don’t let anyone mess up your masterpiece. Failure and Loss will never be our portion and we will all never be part of them. If you cannot be positive, then at least, be quiet.

Lol... Na so dem dey do... Na dem dey do meeting with Cbn..

I don’t understand about the inflation ish.
Either you put your money in the bank, invest in properties, mutual fund and every other investments, inflation affects all.
I know how much I lost not even investing in TB when the Naira crashes last 3 yrs, more than 50% of my savings.
If you don’t want Inflation to affect your money, Keep your money in USD or other strong hard currency but saying inflation will affect TB alone and leave other investments, you are wrong. As far as your investments is in Naira , inflation affects all.

Jabo1000:
I don’t understand about the inflation ish.
Either you put your money in the bank, invest in properties, mutual fund and every other investments, inflation affects all.
I know how much I lost not even investing in TB when the Naira crashes last 3 yrs, more than 50% of my savings.
If you don’t want Inflation to affect your money, Keep your money in USD or other strong hard currency but saying inflation will affect TB alone and leave other investments, you are wrong. As far as your investments is in Naira , inflation affects all.

...depends on the nature of effect. Inflation actually increases the value of properties, but not the value of invested funds (unless it reflects in the interest rate prior to investment).

Acidosis:


...depends on the nature of effect. Inflation actually increases the value of properties, but not the value of invested funds (unless it reflects in the interest rate prior to investment).

If it increase the value of properties, won’t you buy other things from other sectors? It affects it either way or the other.

If u know, u know....

Whether we do meeting with CBN or world bank am sure we r entitled to our own opinion. I no force u to read my post.

Am sure the wise onces get the message . It a matter of comprehending not big grammar.

donshady:


Lol... Na so dem dey do... Na dem dey do meeting with Cbn..

Yeh.. indomie generation in the game everywhere forming grandpa.. We wey we know nothing still dey try learn from the gurus!

dotcomnamename:




Yeh.. indomie generation in the game everywhere forming grandpa.. We wey we know nothing still dey try learn from the gurus!

Abi Na.. Na learn we dey learn from Gurus and dem dey show us the path..

Jabo1000:

If it increase the value of properties, won’t you buy other things from other sectors? It affects it either way or the other.

No one is immune to inflation, rich or poor. My point is investments respond differently to inflationary trends (I think this is a very basic knowledge). Landlords don't even need to respond to any inflation, rent has been on the increase for decades and it will remain that way. You can't say the same for interest rates on treasury bills or fixed deposits.

dotcomnamename:
Lol.. Chaiiiii laugh won tear my bele O!

Treasury Bills is more than 40 year old no history of default by CBN and Nigeria. They are debt instruments used by the government and there is ZERO-RISK. We just dey laugh some unrealistic claims on this thread Lol.. 9ja I hail una O!

You are absolutely correct. When we advice new folks to read from page one of this sub in order to understand how we arrived here, some of them will become hostile. We have been investing in NTB for several years without any issues but now folks like Gonfreecss1 jump out of the woods to lecture us about risk in NTB. My advice to young people here: Save, save, save and NTB is a zero- risk way to achieve that.

I used to think we had people with basic knowledge of economics here. Oops! The reverse is actually the case.

ahiboilandgas:
it good to diversify

Diversify to what kwanu. If there was anything at all , who would be here

Hahahahahhahaha.

I am now the villain. Chai.

Never told people not to buy Tbills. Never said Tbills was bad. I only stated facts. I also have money in Tbills. Is Tbills safe in terms of getting your naira back? Hell yes! Never did I say anything about the Nigerian government not being able to pay Tbills. All I did was state facts, including the mindset about hoping for higher Tbill rates and it's implications.

How is all this Negativity? When did the truth become Negativity? When did logic and facts become negativity? When did making people understand what they put their money in become negativity?

I didn't want to talk about this issue again, all those taking shots at me, can you point to one single thing I said that was negative? Can anyone point out to something I said that wasn't a fact?

I didn't want to do this, but why don't you go check the Tbill rates history for the past years, then calculate inflation for the past years, then include our devaluation with respect to the dollars or any other currency, let us see the current buying power. We could buy the big Samsung and Apple phones for 80-100K before, now they cost more than 300K, this is not even counting our inflation, just what the value of our naira did to us. Even if we include the US dollars inflation, we shouldn't be paying more than 130K for this phones. Yes doing Tbills will make you far better off than an average man who doesn't make his money work, but brothers and sisters in the house how is your buying power? Let's be honest. For a country that imports a lot, many of you don't want to know the price of this things you buy, they are far cheaper. The shipping fees of this things are priced in dollars too, lol.

I will say this again, is Tbills safe in bringing back your naira to the nearest perfect kobo? Of course, but what will never be sure is your buying power or wealth. I mean it's like saying cryptocurrencies that are PoS are safe investments (Proof of stake (PoS) a form of Blockchain process where the amount of coins you have determines how much the network will pay you for securing the network, it's even trust less and decentralized, nothing is as safe as that. Nobody even has to hold your coin, you are in charge and can remove it anytime, some PoS pay the same rates as Tbills). I can't come and brag that because I will always be paid and my capital is always secure that it's safe, because I know the actual value will be determined by supply and demand, and inflation too, because the process of rewarding for securing the network is inflationary.

How is this explanation and the ones before negative? This argument started when someone quoted me when I said Tbills can't make you rich. I even argued against people who said they preferred businesses (some brought up truck business) to Tbills. I even gave an example of a friend who laughed when I suggested Tbills, didn't put his money in Tbills for over 2 years and how he eventually started spending that money. Were all this statements negative? I even said I actually do Tbills! Lol!

When did it become a problem to advise people and drop my own opinion on what I feel is the best thing to do? How does that make me the bad negative guy?

If saying facts and simple logic is negative, I rest my case, but please all those taking shots at me should take note, I never said Tbills is bad or people shouldn't do it.

zinaunreal:


Diversify to what kwanu. If there was anything at all , who would be here

like mmf,dorm accounts

ahiboilandgas:
like mmf,dorm accounts

Oh dorm accounts picked my interest

GonFreecss1:
Hahahahahhahaha.

I am now the villain. Chai.

Never told people not to buy Tbills. Never said Tbills was bad. I only stated facts. I also have money in Tbills. Is Tbills safe in terms of getting your naira back? Hell yes! Never did I say anything about the Nigerian government not being able to pay Tbills. All I did was state facts, including the mindset about hoping for higher Tbill rates and it's implications.

How is all this Negativity? When did the truth become Negativity? When did logic and facts become negativity? When did making people understand what they put their money in become negativity?

I didn't want to talk about this issue again, all those taking shots at me, can you point to one single thing I said that was negative? Can anyone point out to something I said that wasn't a fact?

I didn't want to do this, but why don't you go check the Tbill rates history for the past years, then calculate inflation for the past years, then include our devaluation with respect to the dollars or any other currency, let us see the current buying power. We could buy the big Samsung and Apple phones for 80-100K before, now they cost more than 300K, this is not even counting our inflation, just what the value of our naira did to us. Even if we include the US dollars inflation, we shouldn't be paying more than 130K for this phones. Yes doing Tbills will make you far better off than an average man who doesn't make his money work, but brothers and sisters in the house how is your buying power? Let's be honest. For a country that imports a lot, many of you don't want to know the price of this things you buy, they are far cheaper. The shipping fees of this things are priced in dollars too, lol.

I will say this again, is Tbills safe in bringing back your naira to the nearest perfect kobo? Of course, but what will never be sure is your buying power or wealth. I mean it's like saying cryptocurrencies that are PoS are safe investments (Proof of stake (PoS) a form of Blockchain process where the amount of coins you have determines how much the network will pay you for securing the network, it's even trust less and decentralized, nothing is as safe as that. Nobody even has to hold your coin, you are in charge and can remove it anytime, some PoS pay the same rates as Tbills). I can't come and brag that because I will always be paid and my capital is always secure that it's safe, because I know the actual value will be determined by supply and demand, and inflation too, because the process of rewarding for securing the network is inflationary.

How is this explanation and the ones before negative? This argument started when someone quoted me when I said Tbills can't make you rich. I even argued against people who said they preferred businesses (some brought up truck business) to Tbills. I even gave an example of a friend who laughed when I suggested Tbills, didn't put his money in Tbills for over 2 years and how he eventually started spending that money. Were all this statements negative? I even said I actually do Tbills! Lol!

When did it become a problem to advise people and drop my own opinion on what I feel is the best thing to do? How does that make me the bad negative guy?

If saying facts and simple logic is negative, I rest my case, but please all those taking shots at me should take note, I never said Tbills is bad or people shouldn't do it.

I admire ur patience, if u like write a textbook on this issue some people here would Still not understand. They
Already know everything , they have been buying TB before Lord luggard.

It's the same MMM generation. They want 30% as soon as possible regardless of our macro or micro economics.

If u know U,U know.

Lol tears in my eyes

[Hope all these reports are authentic,if i may ask! quote author=feelamong post=10264452]http://af.reuters.com/article/nigeriaNews/idAFL5E8DO1YI20120224

LAGOS Feb 24 (Reuters) - Nigeria sold 149.65 billion naira ($953.00 million) worth of treasury bills this week with yields on the 182-day and 364-day papers lower than the previous auction, while the 91-day yields rose slightly.
The central bank sold 44.65 billion of the 91-day treasury bill at a 14.80 percent rate, up marginally from the 14.70 percent yield at the previous auction, it said in a statement.

It sold 20 billion naira worth of the 182-day bills at 15.50 percent, lower than the 16.09 percent previously, and 85 billion naira in the 364-day instrument at a marginal rate of 15.55 percent, compared with 16.89 percent at the last auction.

Traders attributed the falling yields on the longer dated treasury bills to the surge in demand from offshore investors.

Total subscription level rose to 476.86 billion naira, compared with 316.85 billion naira at the last auction, underscoring the increased interest in the local debt instrument by both offshore investors and local banks.

Nigeria, Africa's second biggest economy after South Africa, issues treasury bills regularly as part of monetary control measures to help lenders manage their liquidity. ($1 = 157.03 naira) (Reporting by Oludare Mayowa; Editing by Tim Cocks)
[/quote]

GonFreecss1:
Hahahahahhahaha.

I am now the villain. Chai.

Never told people not to buy Tbills. Never said Tbills was bad. I only stated facts. I also have money in Tbills. Is Tbills safe in terms of getting your naira back? Hell yes! Never did I say anything about the Nigerian government not being able to pay Tbills. All I did was state facts, including the mindset about hoping for higher Tbill rates and it's implications.

How is all this Negativity? When did the truth become Negativity? When did logic and facts become negativity? When did making people understand what they put their money in become negativity?

I didn't want to talk about this issue again, all those taking shots at me, can you point to one single thing I said that was negative? Can anyone point out to something I said that wasn't a fact?

I didn't want to do this, but why don't you go check the Tbill rates history for the past years, then calculate inflation for the past years, then include our devaluation with respect to the dollars or any other currency, let us see the current buying power. We could buy the big Samsung and Apple phones for 80-100K before, now they cost more than 300K, this is not even counting our inflation, just what the value of our naira did to us. Even if we include the US dollars inflation, we shouldn't be paying more than 130K for this phones. Yes doing Tbills will make you far better off than an average man who doesn't make his money work, but brothers and sisters in the house how is your buying power? Let's be honest. For a country that imports a lot, many of you don't want to know the price of this things you buy, they are far cheaper. The shipping fees of this things are priced in dollars too, lol.

I will say this again, is Tbills safe in bringing back your naira to the nearest perfect kobo? Of course, but what will never be sure is your buying power or wealth. I mean it's like saying cryptocurrencies that are PoS are safe investments (Proof of stake (PoS) a form of Blockchain process where the amount of coins you have determines how much the network will pay you for securing the network, it's even trust less and decentralized, nothing is as safe as that. Nobody even has to hold your coin, you are in charge and can remove it anytime, some PoS pay the same rates as Tbills). I can't come and brag that because I will always be paid and my capital is always secure that it's safe, because I know the actual value will be determined by supply and demand, and inflation too, because the process of rewarding for securing the network is inflationary.

How is this explanation and the ones before negative? This argument started when someone quoted me when I said Tbills can't make you rich. I even argued against people who said they preferred businesses (some brought up truck business) to Tbills. I even gave an example of a friend who laughed when I suggested Tbills, didn't put his money in Tbills for over 2 years and how he eventually started spending that money. Were all this statements negative? I even said I actually do Tbills! Lol!

When did it become a problem to advise people and drop my own opinion on what I feel is the best thing to do? How does that make me the bad negative guy?

If saying facts and simple logic is negative, I rest my case, but please all those taking shots at me should take note, I never said Tbills is bad or people shouldn't do it.

in 2012 I had around 15m in tb that was around 100 k dollars In 2017 it grew to 31.5m naira suprisely it now 87500 dollars I lost 12500 dollar .3.6m by investing in treasury bills if I had know I would have kept my 100 k dollars In dorm accounts and sell when naira reach 500 I could have made 50m ...the naira has refuse to go back 152 for my money to be equal to 200k dollar and their is no hope ....cos of this I open a dorm account to always keep some interest from tb in dollar.....my people this is the reason osinbajo has 900 thousand pounds in his asset declaration and why MRS Jonathan has a huge dollar account....u think they don't know treasury bill.....best step is open a dorm account keep some interest from tb their to reduce devaluation risk....if u know u know

Please can Someone invest in dollar denominated mutual funds in stanbic without having a dorm account? Can one pay with naira?

zamirikpo:


I admire ur patience, if u like write a textbook on this issue some people here would Still not understand. They
Already know everything , they have been buying TB before Lord luggard.

It's the same MMM generation. They want 30% as soon as possible regardless of our macro or micro economics.

If u know U,U know.

daf truck was sold for max 3.5m in 2012 now it 7 m...cost of Msc in the UK was around 10000 pound (2.5m) in 2012 now 4.6m so u can understand devalution better

Tb could have been the best thing in the world if naira can appreciate back to 250 may be after dangote refinery.....this also a strategic plan...and risk am taking holding some naira asset

ahiboilandgas:
in 2012 I had around 15m in tb that was around 100 k dollars In 2017 it grew to 31.5m naira suprisely it now 87500 dollars I lost 12500 dollar .3.6m by investing in treasury bills if I had know I would have kept my 100 k dollars In dorm accounts and sell when naira reach 500 I could have made 50m ...the naira has refuse to go back 152 for my money to be equal to 200k dollar and their is no hope ....cos of this I open a dorm account to always keep some interest from tb in dollar.....my people this is the reason osinbajo has 900 thousand pounds in his asset declaration and why MRS Jonathan has a huge dollar account....u think they don't know treasury bill.....best step is open a dorm account keep some interest from tb their to reduce devaluation risk....if u know u know

please how did you achieve that?

Thanks for the insights overall. I've learnt a lot on this thread especially as regards the need for a dorm account.

Rather than leaving your money in the dorm account, is it also wise to invest such foreign currencies on e.g. fixed deposits? Most financial firms offer fixed deposit services on both local and foreign currencies.

I need some advice. Every two weeks I "invest" about 675,000 Naira into tbills. Is it better for me to just have this money in a dorm account and keep my eyes open for when dollar is high so as to buy Naira and then wait until dollar goes down before moving it again to the dorm account (and repeat cycle everytime dollar goes up to like 500)? How should I go about investing this 675,000 Naira bi-weekly?

I guess what I'm trying to ask is, which is better? Option A: leave your money in dollars (dorm account) where you would have no interest? Or option b: tbills with interest?

ahiboilandgas:
in 2012 I had around 15m in tb that was around 100 k dollars In 2017 it grew to 31.5m naira suprisely it now 87500 dollars I lost 12500 dollar .3.6m by investing in treasury bills if I had know I would have kept my 100 k dollars In dorm accounts and sell when naira reach 500 I could have made 50m ...the naira has refuse to go back 152 for my money to be equal to 200k dollar and their is no hope ....cos of this I open a dorm account to always keep some interest from tb in dollar.....my people this is the reason osinbajo has 900 thousand pounds in his asset declaration and why MRS Jonathan has a huge dollar account....u think they don't know treasury bill.....best step is open a dorm account keep some interest from tb their to reduce devaluation risk....if u know u know

Like u said.....if u know , u know.

Shikena

Acidosis:


please how did you achieve that?

Thanks for the insights overall. I've learnt a lot on this thread especially as regards the need for a dorm account.

Rather than leaving your money in the dorm account, is it also wise to invest such foreign currencies on e.g. fixed deposits? Most financial firms offer fixed deposit services on both local and foreign currencies.

Please can you name one or two financial firms that offer fixed deposit service in foreign currencies?

GonFreecss1:
Hahahahahhahaha.

I am now the villain. Chai.

Never told people not to buy Tbills. Never said Tbills was bad. I only stated facts. I also have money in Tbills. Is Tbills safe in terms of getting your naira back? Hell yes! Never did I say anything about the Nigerian government not being able to pay Tbills. All I did was state facts, including the mindset about hoping for higher Tbill rates and it's implications.

How is all this Negativity? When did the truth become Negativity? When did logic and facts become negativity? When did making people understand what they put their money in become negativity?

I didn't want to talk about this issue again, all those taking shots at me, can you point to one single thing I said that was negative? Can anyone point out to something I said that wasn't a fact?

I didn't want to do this, but why don't you go check the Tbill rates history for the past years, then calculate inflation for the past years, then include our devaluation with respect to the dollars or any other currency, let us see the current buying power. We could buy the big Samsung and Apple phones for 80-100K before, now they cost more than 300K, this is not even counting our inflation, just what the value of our naira did to us. Even if we include the US dollars inflation, we shouldn't be paying more than 130K for this phones. Yes doing Tbills will make you far better off than an average man who doesn't make his money work, but brothers and sisters in the house how is your buying power? Let's be honest. For a country that imports a lot, many of you don't want to know the price of this things you buy, they are far cheaper. The shipping fees of this things are priced in dollars too, lol.

I will say this again, is Tbills safe in bringing back your naira to the nearest perfect kobo? Of course, but what will never be sure is your buying power or wealth. I mean it's like saying cryptocurrencies that are PoS are safe investments (Proof of stake (PoS) a form of Blockchain process where the amount of coins you have determines how much the network will pay you for securing the network, it's even trust less and decentralized, nothing is as safe as that. Nobody even has to hold your coin, you are in charge and can remove it anytime, some PoS pay the same rates as Tbills). I can't come and brag that because I will always be paid and my capital is always secure that it's safe, because I know the actual value will be determined by supply and demand, and inflation too, because the process of rewarding for securing the network is inflationary.

How is this explanation and the ones before negative? This argument started when someone quoted me when I said Tbills can't make you rich. I even argued against people who said they preferred businesses (some brought up truck business) to Tbills. I even gave an example of a friend who laughed when I suggested Tbills, didn't put his money in Tbills for over 2 years and how he eventually started spending that money. Were all this statements negative? I even said I actually do Tbills! Lol!

When did it become a problem to advise people and drop my own opinion on what I feel is the best thing to do? How does that make me the bad negative guy?

If saying facts and simple logic is negative, I rest my case, but please all those taking shots at me should take note, I never said Tbills is bad or people shouldn't do it.

Chinese phone of that amount dey for market now. Must somebody use Samsung or Apple phone?. Na only celebrities dey use phones of such amount.

Nnamz:
I need some advice. Every two weeks I "invest" about 675,000 Naira into tbills. Is it better for me to just have this money in a dorm account and keep my eyes open for when dollar is high so as to buy Naira and then wait until dollar goes down before moving it again to the dorm account (and repeat cycle everytime dollar goes up to like 500)? How should I go about investing this 675,000 Naira bi-weekly?

I guess what I'm trying to ask is, which is better? Option A: leave your money in a dollars (dorm account) where you would have no interest? Or option b: tbills with interest?

I would definitely invest in TB but at some point I would convert some of my interest to dollars and hold. better still do a fixed deposit with your dorm account or mf if possible.

Or I would find land in a developing area to buy and secure either with a small structure or with c/o.
Land help u hold a constant or even an incremental value of your initial investment.

TB is a means to an end and not the end itself.

If u know......u know..

[quote author=Agbaletu post=72923555]
Please can you name one or two financial firms that offer fixed deposit service in foreign currencies?[/quotep]

Diamond bank.....if ur funds are huge enough u can even negotiate rates.