feelamong:


its gradually coming up..but not yet time to lock in for one year...

Please when is the best time to lock in for one year??

kristien4:
Please when is the best time to lock in for one year??

Once I lock in for one year......i will announce it here

maryjames9:



According to the gurus �, the next auction is 29/11/2018 and if I will advise you according to the gurus,dump zenith bank and take your money to either Firstbank or Stanbic IBTC

It is 28 Nov. please, and filled forms should be submitted before 27 Nov.

Just spotted 294 days @13% in iinvest app.

Freedem:


If the rate never appreciates to 600, then the guy is screwed..

Mind you the dollar has been devalued by 222 naira over the period of 15 years , that's enough time to make a profit.

If you look at the graph , you will see dips that you can capitalize on to make a profit..

The people who scream inflation act like it's a compounding phenomenon.. eg

Inflation maybe 12% this year and 17% next year , that's only an increase of 5%, whereas your total interest on tb if your yearly average is 14%, means a total of 28% in two years ..that's s profit of 23%.


As have been expressed earlier nobody knows what the exchange rates will look like , it may go up, but in the interim there's lots of opportunities to make a profit..

Need I remind you that Somalias currency has gained significant value over the last 5 years , so it can happen.

I need to understand this please.
See this scenario.


If inflation rate is 12% this year and in 2019 its 14%. That's 2% rise.


If I do t bills at 15% in 2019, does it mean that I gained 13% because of 2% rise. Or that I gained 1% because inflation is 14% in 2019.


Gonfreecss1

Feelamong
Ahiboilandgas
Nl1960
Zamirikpo
Acidosis
Realityshot
Et al

CBN MPC hold interest rates at 14%.

vexing:


First bank gave me a about 14% for 364-day tenure last week. I am sure that next week primary market auction would be higher or the same. Use First bank

how sure are you that FBN gave u 14%?
I did 364 days... from my calculation is 13.8+%

Interesting financial piece for us without a cost.

https://punchng.com/you-can-earn-a-high-income-and-still-be-broke/

Today is the maturity date of the TB I bought from Gtb primary market and are yet to get alert even till now. Did anyone experience same?

Phyde:

It is 28 Nov. please, and filled forms should be submitted before 27 Nov.

OK, my bankers FBN prefer locking in all tbillls application a week before the date of auction.

TONY56:



You have to fund it with Dollars from elsewhere and deposit directly or get it transferred into your domiciliary account if for example you want to play safe buying it from a Bureau de change or a friend within Nigeria

Oh. K. Tnx bro

Jennypharb1:
Good morning guys, I'm a novice at treasury bills and want to invest about 3.6m. I went to Zenith bank and they offered me 10.5% for 91days on the secondary market. However when they did their calculations I saw that I would only be getting about 97k because they would be dividing by 365days. Is this normal? I thought that I would be getting 250 to 300k at the least? Is this how other banks work?

it's normal, that's how interest is calculated. the 10.5% is per annum which means you have to leave your 3.6m with the bank for 1yr to get that 10.5%. if you leave it for 91days, that's a quarter of a year which means you're going to get 2.5% on your 3.6m

Yem0350:

Spot on! Not everybody has time to do business due to work. Reason why people like this opt in for tbills rather than leave the money in bank account. There is difference between Investment and business

Spot on, I guess people always forget that t-bills and some other forms of investment requires no significant time investment. On the other hand, not only are most businesses riskier, they require significant time investment. Finance 101 says the higher the risk, the higher the return, so business paying off more is nothing special. Along the same lines, diversification is great. I mean anyone who has taken Finance classes knows that diversification is an almost sure way to hedge the risk of your investment but there is much more to it. You cannot diversify with portfolios that are positively correlated, by that, I mean you cannot diversify using Nigerian t-bills and Nigerian bond because when the Government defaults on one, the probability of defaulting on the other is as close to 1 as they get. That's why I appreciate the comment from someone (can't search for the post and moniker now) that you should diversify in different currencies. But also remember that tracking different investments also requires time, so for some people, t-bills ONLY might be what they can and should do for now. Maybe when they become more informed and have more time, then they can diversify. Between, Finance is an amazing field and education to have. I'm loving studying it at a Masters level right now, wish I started earlier.

BiafraIShere:
Please when was the last TBills sold by CBN and when is the next one coming up?
It seems like Zenith Bank is playing games with me. I gave them instruction to invest 1.6 million in TBills for 90 days tenor since last week Monday, yet the money has remained in my account. They tried to dissuade me against TBills and rather wanted me to go for FD but I refused flatly based on better interest rates of the former.
I need to know the date please, and also if it's possible to go for secondary market and invest for just 2 months instead of 3.

HELP PLEASE!

What's the current interest rate of tbills for 90 days?

Druss:


Formula is simple. Interest = Principal x Rate (in %) x Time (in years) X 0.01.

Use this to check.

Needed this. Thnx

One-Year T-Bills Yields Marginally Drop 0.01% in Mixed Trading Session
https://businesspost.ng/2018/11/23/one-year-t-bills-yields-marginally-drop-0-01-in-mixed-trading-session/amp/

sonshyne:
Today is the maturity date of the TB I bought from Gtb primary market and are yet to get alert even till now. Did anyone experience same?

Any luck with payment? I think you should check your calendar again. Next maturity date should be 29th/30th November, a day after auction date. Whatever people invest on the 28th November (next auction date) would be deployed for payment on the 29th/30th November (next maturity date). Tbills is an upgraded version of MMM with lower interest rate.



NB: I'm not 100% certain about the above claims.

Acidosis:


Any luck with payment? I think you should check your calendar again. Next maturity date should be 29th/30th November, a day after auction date. Whatever people invest on the 28th November (next auction date) would be deployed for payment on the 29th/30th November (next maturity date). Tbills is an upgraded version of MMM with lower interest rate.



NB: I'm not 100% certain about the above claims.

yes its FG guaranteed MMM

feelamong:


yes its FG guaranteed MMM

Hello sir, what are your ideas on the diamond bank eurobond subscription thing? I have no idea but the basics and a pointer in the right direction will help.

feelamong:


yes its FG guaranteed MMM

unlike mmm fg have assets and facc accounts generate profit to offset the liabities

good day house, please I'm new to this TB investment. can I start with 50k(abeg make una no laugh me)?
and which bank offers the best interest rate. I bank with GTb, access, fcmb, n fidelity. I will appreciate if anybody responds.

Kechbeau:
good day house, please I'm new to this TB investment. can I start with 50k(abeg make una no laugh me)?
and which bank offers the best interest rate. I bank with GTb, access, fcmb, n fidelity. I will appreciate if anybody responds.

I doubt any bank will take that. Why don't you move it to MMF and continue to build on it gradually and periodically?.

NL1960:


I doubt any bank will take that. Why don't you move it to MMF and continue to build on it gradually and periodically?.

what does MMF mean?

Guru's in the house i have been following this thread for a long time now i need am advice, i have a house in lagos that the rentage is not that good compare to what i paid for the house or renovation after a tenant move out, i wanted to try out this treasury bill i have a house in asaba if i rent it i will not make what i will be making in treasury bill, please guru's its advisable to sell one of the house and invest in treasury bill.
Thanks
Your contributions will be highly be appreciated

Diyke4rich:
Guru's in the house i have been following this thread for a long time now i need am advice, i have a house in lagos that the rentage is not that good compare to what i paid for the house or renovation after a tenant move out, i wanted to try out this treasury bill i have a house in asaba if i rent it i will not make what i will be making in treasury bill, please guru's its advisable to sell one of the house and invest in treasury bill.
Thanks
Your contributions will be highly be appreciated

This arguement of House over treasury Bills will always be there, incidentally no one will win as it all depends on context.

I personally will not do any house rentals as business. I would only support building the house I live in with the returns from my TBills Investment.

In the past 5 years we have gotten a average return of 15-16% perannum on our Tbillls investment. I doubt any rentals from house will match that.

Diyke4rich:
Guru's in the house i have been following this thread for a long time now i need am advice, i have a house in lagos that the rentage is not that good compare to what i paid for the house or renovation after a tenant move out, i wanted to try out this treasury bill i have a house in asaba if i rent it i will not make what i will be making in treasury bill, please guru's its advisable to sell one of the house and invest in treasury bill.
Thanks
Your contributions will be highly be appreciated

don't be too quick to sell,just decide that after presidential election 2019, So you won't say your village people is the cause.

hias2012:
Interesting financial piece for us without a cost.

https://punchng.com/you-can-earn-a-high-income-and-still-be-broke/

Thank you man.

So what is your advice

feelamong:


This arguement of House over treasury Bills will always be there, incidentally no one will win as it all depends on context.

I personally will not do any house rentals as business. I would only support building the house I live in with the returns from my TBills Investment.

In the past 5 years we have gotten a average return of 15-16% perannum on our Tbillls investment. I doubt any rentals from house will match that.

Kechbeau:
what does MMF mean?

Money Market Fund.

for further reading see:

https://www.nairaland.com/1912965/mutual-funds

Diyke4rich:
Guru's in the house i have been following this thread for a long time now i need am advice, i have a house in lagos that the rentage is not that good compare to what i paid for the house or renovation after a tenant move out, i wanted to try out this treasury bill i have a house in asaba if i rent it i will not make what i will be making in treasury bill, please guru's its advisable to sell one of the house and invest in treasury bill.
Thanks
Your contributions will be highly be appreciated

It depends on what you want. There are people who liked to be called landlords (aka baba landlord) even if they are not really making money from their properties. Once you have a property, almost everybody in your family knows and they know when you collect the rent and that is when each and everyone of them will start coming with his/her problems for you to solve for them. If you say, you do not have, they will say 'shebi you just collect rent'. Before you know it, the money is finished with you wondering what you used the money for. That is when it suddenly dawn on you that the next rental is at least 11 months away. With TB, nobody knows if you have money. If they come around, na you go first cry say the country hard. Once you first cry, they will no longer be bold to tell you their problems. They will just say 'please just help me with anything'. Na so you go just give the person small thing from your TB upfront interest to help the person.