I-invest app is not responding here
Anybody experiencing this issue

Ibrahim505:

I use to preliquidate once i found better investments. Once it's over 30 days you can liquidate anytime and the cashout is always instant. You still gain 70% of your accrued profit in addition to the principal.
Just click the investment you whish to preliquidate, sale and proceed.
I've now put my money back into the app thanks to its liquidity.

Thanks I understand now.

Samunto:
I-invest app is not responding here Anybody experiencing this issue

None Reload or use phone with better RAM

that was how MMM site stopped responding

Samunto:
I-invest app is not responding here
Anybody experiencing this issue

Samunto:
I-invest app is not responding here
Anybody experiencing this issue

thank God

TotoNaRubber:
that was how MMM site stopped responding

With all due respect, I think its embarrassing and very unfair to liken the i-invest app to the MMM u re talking about. Its high time I respond to all these. The app is a simply technology redefined and a product advertised by a bank. It does not in any form reflect the practices of any ponzi scheme. It does not give any ambiguous discount on investment and it has been superb all the way. So many other savings/investment app are all out there; i-invest, piggybank, alat, cowrysavings and so on, but so far its only i-invest that is on tbills. Give some credits to the developers too.
The app is out there and people are using it. DONT TOIL WITH PEOPLE EMOTIONS NOW. If u want to use it, use it, then if u don't want to use it then leave it. They don't force people to download it anyway. Its there advertised on all business site, even check Sterling bank site, its there. PLS STOP PLAYING WITH OUR EMOTIONS.
For your info, I got a mail from sterling bank concerning mmy investment on i-invest several times now.

eddyakinrinde:


With all due respect, I think its embarrassing and very unfair to liken the i-invest app to the MMM u re talking about. Its high time I respond to all these. The app is a simply technology redefined and a product advertised by a bank. It does not in any form reflect the practices of any ponzi scheme. It does not give any ambiguous discount on investment and it has been superb all the way. So many other savings/investment app are all out there; i-invest, piggybank, alat, cowrysavings and so on, but so far its only i-invest that is on tbills. Give some credits to the developers too.
The app is out there and people are using it. DONT TOIL WITH PEOPLE EMOTIONS NOW. If u want to use it, use it, then if u don't want to use it then leave it. They don't force people to download it anyway. Its there advertised on all business site, even check Sterling bank site, its there. PLS STOP PLAYING WITH OUR EMOTIONS.
For your info, I got a mail from sterling bank concerning mmy investment on i-invest several times now.

Do they now give the discount upfront or they still hold the discount till maturity?

TotoNaRubber:
that was how MMM site stopped responding

stanbic! any debit yet?

Good morning y'all, somebody should bless us with stanbic and first Bank's secondary rates oo

Got 14.25% from Zenith Bank as usual for 364 days tenor.

Agbaletu:
Got 14.25% from Zenith Bank as usual for 364 days tenor.

Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

DrTee1:


Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

if it was so I for don retire

Can someone kindly educate me as to how one can buy directly from the secondary market. The rates the banks are giving are lower than the actual rates available at the secondary market if in doubt you can check fmdqotc.com. That site is the official platform for secondary market trading. The bank rates are less by between.07/.05%. If you are doing a high volume transaction that amounts to a tidy sum of cash.

DrTee1:


Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

When i was in secondary school, during Mathematics test or exams, the Mathematics teacher will always say 'show all workings'.

So, Dear DrTee1, please show with an example all workings of this your theory. You can assume any value for Principal. Rate and Tenor is already known.

DrTee1:


Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

It does not work like that my brother. If it were to be so, I won't be locking over 20m for 364 days. The 10% is for one year and not just for 91 days.

DivinePips123:
Hello Great people, I concur that TBills are nice. I plan to also drop some funds in there in the future . My forex trading currently gives me a great monthly return. I have achieved over 70% profit on capital in just over a month. see https://www.forextime.com/strategy/DivinePips
Next target is to earn additional 80% - 100% in each of the subsequent months. Ya'll can also earn with me (if you wish).
One love.

Greetings to all the winners on this interesting thread. I throway salute.

Update on our quote above:
It was another bumper harvest day for us at DivinePips yesterday. We hit a profit of 14.48% in a single day. Our total returns of just over 3 months trading stands at 186% profit as at today. Imaging investing N1m in this strategy about 3 months ago, it will be worth N2,860,000:00 today (initial capital+profit)
We keep working on surpassing our all time highest daily profit which still stands at 26% profit in a day.
We welcome new investors to share in our success story. Lets make this money together !!!
2019 and beyond - Our year of abundance.
One love.

N.B: To join us, all you have to do is register at www.forextime.com , fund your account, log into your account , open a new tab on your browser, copy and past our url https://www.forextime.com/strategy/DivinePips into the new tab and click on invest. That's all. Then sit back, relax and watch the money pile up. We do not have access to your account, only you can log into your account. The system at www.forextime.com is fully automated, your account will be connected to ours once you carry out the above steps and you profit as we also profit.

DrTee1:


Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

Dear DrTee1

Learn how to calculate simple interest first and how the time "T" operates annually in reality.


On a more serious note, are u aware that if a relative of yours were to be the president u could be his minister of finance by selling what you wrote up there to the president.

Then we keep crumbling. well that is what we are going through in Nigeria now (no offense) sir

Agbaletu:

It does not work like that my brother. If it were to be so, I won't be locking over 20m for 364 days. The 10% is for one year and not just for 91 days.

Iam sure when somebody like DrTee1 was in school and the Maths teacher was teaching Simple Interest, he/she was not paying attention and when the teacher scolds him/her for not paying attention, he/she will ask the teacher where it will ever be used in life or what is the usefulness of Simple Interest in life.

Let us be gentle on DrTee1, he already claimed naivety in the introductory part of his message. I believe he now has a better understanding of per annum(p.a) interest rates.

deepwater:


Dear DrTee1

Learn to how to calculate simple interest first and how the time "T" operates annually in reality.


On a more serious note, are u aware that if a relative of yours were to be the president u could be his minister of finance by selling what you wrote up there to the president.

Then we keep crumbling. well that is what we are going through in Nigeria now (no offense) sir

NL1960:


Iam sure when somebody like DrTee1 was in school and the Maths teacher was teaching Simple Interest, he/she was not paying attention and when the teacher scolds him/her for not paying attention, he/she will ask the teacher where it will ever be used in life or what is the usefulness of Simple Interest in life.

That moment when the math teacher says find "X" and u say we dont need it (X) in real life!

MCeemajesty:
Let us be gentle on DrTee1, he already claimed naivety in the introductory part of his message. I believe he now has a better understanding of per annum(p.a) interest rates.

No issues with him, recall even in school we make fun of ourselves while learning.
I received knowledge about Tbills on this forum, we are hear to learn, teach, invest, make profit and at the end catch fun..this is just one of those moment.

Agbaletu:

It does not work like that my brother. If it were to be so, I won't be locking over 20m for 364 days. The 10% is for one year and not just for 91 days.

Thank you Agba.

You are truly agba[i] jare[/i]

So kindly explain the 91 days thing to me. My thought was that it paid a lower interest rate because the TBill investment was locked down for only 91 days...

S I reasoned it out in a Compound interest thing with the impression that once that matured and was returned/released, it could be put in all over again..

MCeemajesty:
Let us be gentle on DrTee1, he already claimed naivety in the introductory part of his message. I believe he now has a better understanding of per annum(p.a) interest rates.

Thank you.

I just got to my Pc to see 7 mentions - and with so many negative comments - or were they cyber-teasing?

It was untoward cyber behaviour from those who did that, really - as it was an innocuous question that was possibly explained better in my last comment.

As to querying intellectual capacity because a simple question was asked, for those who did, it indeed tells a lot about such individuals.

Dr Tee you don hang for MTN mast with your innocuous question be that..7 long mentions and no answer...mine making it 8

Bro,
I don't think so. The longer the tenor, the better, based on the law of compounding.

Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

[/quote]

DrTee1:


Thank you Agba.

You are truly agba[i] jare[/i]

So kindly explain the 91 days thing to me. My thought was that it paid a lower interest rate because the TBill investment was locked down for only 91 days...

S I reasoned it out in a Compound interest thing with the impression that once that matured and was returned/released, it could be put in all over again..

Apply this formula:


I = PRT/100

Where;
I = Interest (Upfront interest)
P = Principal (The amount you are investing)
R = Discount Rate (%)
T = Time (Tenor)

onuku:
Bro,
I don't think so. The longer the tenor, the better, based on the law of compounding.

Dear Agbaletu,

I'm quite naive with this, but kindly clarify my thoughts.

I'm wondering, why put your money away for 1 year (364 days ) for 14.5% interest when you can put the same amount in the same investment (Treasury Bills( for 91 days with 10% interest that can be immediately re-ploughed in for another 10% (interest + capital) this giving a larger compound overall interest when that is done four times (91 * 4) rather than simply 364?

Remember everything is per annum and your interest for 364 days is also paid upfront as the case of 91 days. I hope you understand.

DrTee1:


Thank you.

I just got to my Pc to see 7 mentions - and with so many negative comments - or were they cyber-teasing?

It was untoward cyber behaviour from those who did that, really - as it was an innocuous question that was possibly explained better in my last comment.

As to querying intellectual capacity because a simple question was asked, for those who did, it indeed tells a lot about such individuals.

Take it easy DrTee1

We all learn everyday.

This is the way it goes:

When you get a 91days 10% per annum. Let's assume you invest 10M

Your real interest for 91 days is
I = PRT

= 10M * 10/100 * 91/365

= 249,315.07. ( This is the interest you get for 91 days ).

So the actual interest is (249,315.07/ 10M )*100 = 2.49%
Unlike if you were investing for 365 days for 10% per annum

= 10M * 10/100 * 365/365.

= 1,000,000.00 ( This is the interest for 365 days)

Guys kindly help out.. I did primary market with stanbic yesterday, they took off the principal amount but no credits of interest yet, wonder how long does it take to credit my interest after a successful bids? First time going through primary market, it's always been secondary market for me. Happy Valentine's to all

Agbaletu:

Apply this formula:


I = PRT/100

Where;
I = Interest (Upfront interest)
P = Principal (The amount you are investing)
R = Discount Rate (%)
T = Time (Tenor)

The actual formula is:

I = PRT/(100 * Days in year(365 or 366)) = PRT/36500 or PRT/36600

OgogoroFreak:
Do they now give the discount upfront or they still hold the discount till maturity?

Interest is still not upfront

NL1960:


The actual formula is:

I = PRT/(100 * Days in year(365 or 366)) = PRT/36500 or PRT/36600

Thanks, sir.