NL1960:


I have just googled them and gone to their website. Their BOD is impressive even though in Nigeria, it is always tough to vouch for people.

I checked out their i-invest website especially the section on 'Why I-Invest?'. From the comparision they did there with commercial banks, my guess is that they are doing term deposit(TD) with a rate higher than that of commercial banks because they are not operating a discount rate which is what differentiate TB from TD. If their i-invest interest rate is between 8-11, it means that they can pool funds and invest such funds in TBs at about 13%. It could also be that what they are also doing is MMF.

What's MMF?

please, google online compound interest calculator;It is free

Enyinne:
Pls can someone help me calculate 5m invested for 5yrs on compound interest at the rate of 15% being constant.

Garlay:


What's MMF?

Money Market Fund.

Enyinne:
Pls can someone help me calculate 5m invested for 5yrs on compound interest at the rate of 15% being constant.

interest = 5,056,786.

At maturity ur capital plus interest = 10,056,786

Thanks,I never thought of that

ozymes:
please, google online compound interest calculator;It is free

Thank u

OgogoroFreak:
interest = 5,056,786.

At maturity ur capital plus interest = 10,056,786

Enyinne:
Pls can someone help me calculate 5m invested for 5yrs on compound interest at the rate of 15% being constant.

At 15%, compounded investments almost double every 5 years, depending on fees and taxes.

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

Enyinne:
Pls can someone help me calculate 5m invested for 5yrs on compound interest at the rate of 15% being constant.

how much u go pay...for consultancy....since the tb calculator post page back is not enough

Quincykay:


At 15%, compounded investments almost double every 5 years, depending on fees and taxes.

https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php

please which bank is offering 15%?

Hello all, I've been following this thread passionately and would like to thank all the gurus that have helped so many of us. I have a question, is there a maximum that can be invested in T-Bills? I don't mean unreal amounts, but if one had access to say N2B, can you lodge that for a 364 day term lets say? Either on primary or secondary market?

Quincykay:
Hello all, I've been following this thread passionately and would like to thank all the gurus that have helped so many of us. I have a question, is there a maximum that can be invested in T-Bills? I don't mean unreal amounts, but if one had access to say N2B, can you lodge that for a 364 day term lets say? Either on primary or secondary market?

2B.... are u a bank, u can invest it sha but I see efcc knocking on your door.

LadyBeee:
please which bank is offering 15%?

15% was the last stop rates...Hence,next primary market Auctions,most reputable banks will bid for 15%.
StanbicIBTC....GTBANK.........
Most expecially, STANBIC IBTC bids are always closest to stop rates..

zamirikpo:


2B.... are u a bank, u can invest it sha but I see efcc knocking on your door.

lmaf
yes that true but i dont see someone with that amount lending money to the federal Govt

Gavrelino123:

15% was the last stop rates...Hence,next primary market Auctions,most reputable banks will bid for 15%.
StanbicIBTC....GTBANK.........
Most expecially, STANBIC IBTC bids are always closest to stop rates..

what about first bank?

ahiboilandgas:
how much u go pay...for consultancy....since the tb calculator post page back is not enough

please what page, I searched but can't seem to find it

LadyBeee:
what about first bank?

15% was the last stop rate in which the Cbn auction the Treasury Bill for all bank and most of the Bank will fail if they try to bid higer than the stop rate.

Ladybee i sent you a mail, try check it and reply

Treasury bill calculator from Nairametrics

https://app.nairametrics.com/treasury_bill

Kolping:
Treasury bill calculator from Nairametrics

https://app.nairametrics.com/treasury_bill

Nice one! You could also make this tool into a simple app for android. Just to ask, does it take into consideration the VAT and other charges that the bank will collect?

LadyBeee:
what about first bank?

First Bank is now a rip off when it comes to bids rates.....They use to be Number-1 2nd to StanbicIBTC..
Their bids are quite low compared to the aforementioned Banks....!!

janga:


15% was the last stop rate in which the Cbn auction the Treasury Bill for all bank and most of the Bank will fail if they try to bid higer than the stop rate.

Ladybee i sent you a mail, try check it and reply

replied

No, it doesn't take other charges into consideration.

pxjosh:
Nice one! You could also make this tool into a simple app for android. Just to ask, does it take into consideration the VAT and other charges that the bank will collect?

janga:

lmaf
yes that true but i dont see someone with that amount lending money to the federal Govt

how do you mean?
or why not?

eddyakinrinde:
Thank God my first transaction with I-invest dropped this morning 12am, and to clear doubts I av bn able to transfer the money to my bank acct. They seems genuine, except if there is a network failure. Looking on to my next move, am looking for a higher interest this time.

please stop preaching that app here.

that is how hMMM started.. And later killed people!

be warned...

T-Bills Yields Settle at 14.50% as CBN Mops up N410b
https://businesspost.ng/2019/01/25/t-bills-yields-settle-at-14-50-as-cbn-mops-up-n410b/

Please I just want to confirm my assertion, does this mean if I invest for 99days I get 11%. If I re- invest the money for another 99days that's another 11%. If that's the case is it not better that way than investing for 364 straight days which will just give you a little below 15%. Please I need clarification, thank you.

Izuogu1:
Thanks.
Just coming from Stanbic now.See what I got.

NL1960:


The sky is big enough for every bird to fly. There are some birds that take the risk of flying 7000km to go and get good returns and there are others that will not take such risk but will be content with the small chop they get where they are.

Btw, go and ask Dangote or Otedola if he will be content with earning the money the ibo trader earns from market and he go swear for you. Also go and ask the agbero on a Lagos road why he is not in the market as a trader. .

The best write up I have read this year, I have moved from tb tread to stockt tread loading my portfolio to come back to tb during second quarter. That is the different between the rich and the poor, an average poor man does not want to take further risks to have financial freedom not to talk of being wealthy. The More risks one take, the better his financial future is. The rich will always get richer while the poor will always get poorer and this I have personally tested cos in those days when I started buying stocks my friends were making jest of me that the CEO of those company were using my money to buy cars but I never allowed that to disturb me but today they still struggle to pay house rent and struggle to pay schools fees. being focus on my part, I have moved from dividend of 100naira to 500k and hoping to get 1.2m this year in dividend not to talk of capital appreciation while playing tb game for the rest of the year to get more money. My colleagues are still running mad rat race. To be wealthy genuinely it comes Wit a price and failure to pay the price, we will subject our posterity to hardship in the long run. May God continue to bless our hustle. But no cross no crown

sammywalterz:
Please I just want to confirm my assertion, does this mean if I invest for 99days I get 11%. If I re- invest the money for another 99days that's another 11%. If that's the case is it not better that way than investing for 364 straight days which will just give you a little below 15%. Please I need clarification, thank you.

It doesn't work like that. If u invest for 99 days, you are literally going to get about 2.99% of your money because all the rates are based on per annum.

dipoolowoo:
T-Bills Yields Settle at 14.50% as CBN Mops up N410b
https://businesspost.ng/2019/01/25/t-bills-yields-settle-at-14-50-as-cbn-mops-up-n410b/

Thanks dipoolowoo.....At least we are most certain of getting 15% for 364 days in the next primary markets auctions.....God bless our investments.

Good morning TB investors,
Please, I need some clarifications, if I have a million naira tof run a short term investment for 90 days, which is preferable treasuring bill or fixed deposit

Please, what is the likely interest rates for 1million on a 90 days tenure in a fixed deposit and on a treasuring bill.

Thanks will appreciate if I get a comprehensive response.

aremso:



The best write up I have read this year, I have moved from tb tread to stockt tread loading my portfolio to come back to tb during second quarter. That is the different between the rich and the poor, an average poor man does not want to take further risks to have financial freedom not to talk of being wealthy. The More risks one take, the better his financial future is. The rich will always get richer while the poor will always get poorer and this I have personally tested cos in those days when I started buying stocks my friends were making jest of me that the CEO of those company were using my money to buy cars but I never allowed that to disturb me but today they still struggle to pay house rent and struggle to pay schools fees. being focus on my part, I have moved from dividend of 100naira to 500k and hoping to get 1.2m this year in dividend not to talk of capital appreciation while playing tb game for the rest of the year to get more money. My colleagues are still running mad rat race. To be wealthy genuinely it comes Wit a price and failure to pay the price, we will subject our posterity to hardship in the long run. May God continue to bless our hustle. But no cross no crown

truth ,I took several calculate risk too both in stock ,trucks ,bond etc ...but I don't know if am even rich or not cos it feels same but the feelings is Good sha..i earn around 9m annually from money market after 7 years ,extreme investments addiction affected me for several years i was driving a Honda 2000,some time I don't even have a car I use cabs /and bike ...but after the death of my personal investment friend and seening how is work was wasted I started using the income on my self...

Nb ,during foundation years i was not starving oooh don't get it wrong ...i still eat all time of meal my heart desire,visit pubs occasionally,fly to destination and book hotel of 8 k against 25 k buy phone 50 k against 350 iPhone buy 1 .2 m Honda against range of 7m .....u still have to make your self happy.....