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Fixed Deposits Or Treasury Bills, Which Is Better? / Fixed Deposit And Treasury Bill Investments From Abroad / I Need Information On Treasury Bills In Nigeria (2) (3) (4)
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Re: Treasury Bills In Nigeria by CompareDBest: 6:01pm On Jul 01, 2019 |
nwolisar:Very little hope sir. As you likely know, the rates have been trending downwards. However, if you are looking for tenors close to 91 days, many banks have secondary market rates that beat the recent primary auction rates for 91 day tbills: http://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html . |
Re: Treasury Bills In Nigeria by PearlStreet(m): 1:36am On Jul 02, 2019 |
DaBogu: Donate your advice to your broke, gambling boyfriend. |
Re: Treasury Bills In Nigeria by dipoolowoo: 4:15am On Jul 02, 2019 |
CBN Tampers With Stop Rates at N400bn OMO Auction https://businesspost.ng/2019/07/02/cbn-tampers-with-stop-rates-at-n400bn-omo-auction/ |
Re: Treasury Bills In Nigeria by Nobody: 5:11am On Jul 02, 2019 |
holyprime: Have been trying to email you, how can I reach you Sir? |
Re: Treasury Bills In Nigeria by kryptem: 7:16am On Jul 02, 2019 |
Deknight45: Quite enlightening. Another instrument but the capital requirements in too much on the high side. Is it possible or an avenue for low end investors to participate in this instrument?? 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 7:44am On Jul 02, 2019 |
Will Nigeria adopt the ECOWAS currency in 2020 and how will this affect tbills ? Will the adoption of eco currency exacerbate Forex risk? |
Re: Treasury Bills In Nigeria by ositadima1(m): 8:33am On Jul 02, 2019 |
PearlStreet: In your mind you think you made sense, a typical example of dunning–kruger effect, "a cognitive bias in which people mistakenly assess their cognitive ability as greater than it is. It is related to the cognitive bias of illusory superiority and comes from the inability of people to recognize their lack of ability". Cary on brother ! 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 10:06am On Jul 02, 2019 |
ositadima1:oboy or girl u like fight ooo...we are here to make more money not fighting and abusing 8 Likes |
Re: Treasury Bills In Nigeria by CompareDBest: 12:01pm On Jul 02, 2019 |
Akerewe:This is one day late, but the rates for Stanbic yesterday were: 59 days @ 10.4%, 122 days @ 10.8%, and 241 days @ 11.5%. For more information, or to get recent secondary market rates for other commercial banks see http://comparedbest.com/ng/best-nigerian-treasury-bill-rates.html or http://comparedbest.com/ng/nigerian-commercial-banks.html . |
Re: Treasury Bills In Nigeria by multibalotel: 2:42pm On Jul 02, 2019 |
Hello guys ..bin an ardent follower of dis thread ..can i reinvest my interests on t.b via secondary markets @ stanbic ... prompt answer wud b duly appreciated... |
Re: Treasury Bills In Nigeria by Teetom04(m): 3:20pm On Jul 02, 2019 |
Yeah sure. 1 Like |
Re: Treasury Bills In Nigeria by Bamz(m): 5:11pm On Jul 02, 2019 |
This is a bit of a distraction, but I reckon that the interest from t-bills can be further invested in cryptos. I was reading an article from Cointelegraph that the currency has been profitable for 98.2% of the days since creation. According to the report, "That leaves 69 unprofitable days — which include virtually all days during December 2017, at the apex of bitcoin’s historic bull run to $20,000 — as well as almost all of January 2018." Since we're all short to mid-term investors, this can give us a bit of perspective: 52 Week High / Low $13,796.49 USD / $3,191.30 USD ( over 400%) 90 Day High / Low $13,796.49 USD / $4,836.79 USD (over 280%) 30 Day High / Low $13,796.49 USD / $7,564.49 USD (over 80%) ----- A logic one can adopt is to ride the waves not minding where the water takes you. If you do Dollar Cost Averaging and buy say $100 at every thousand dollars to Bitcoin rate, I think that makes a lot of sense in the long term. E.g if you start when bitcoin is at $10k, you buy $100, and even if it drops to $9k (better for you), you still accumulate at fixed amounts of $100 at $8k, $7k etc until it gets to a plateau. When it starts to retrace, depending on your financial goals, you either wait for it to get to $11k and liquidate all the previous investments or if you're a long term investor, keep buying at those milestones, and liquidate at an all-time high (ATH) price which will be over $20k. The only thing is that no one knows when the ATH price will occur. I wonder why I've been saving in Naira. 1 Like |
Re: Treasury Bills In Nigeria by jayjay1512(m): 9:35pm On Jul 02, 2019 |
I also put in for primary market with stanbic ,let's see what the outcome will be |
Re: Treasury Bills In Nigeria by holyprime: 11:16pm On Jul 02, 2019 |
Mavin1: holyprime300 @ yahoo com 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 6:44am On Jul 03, 2019 |
Bamz: This is so true, my doubt is liquidity, how easily can i offload my coins. Yesterday morning, bitcoin dropped just below 10,000 usd and as at this morning it is around 11,490 usd, a 14% gain in a day. Imagine if I had entered the market at its low and exited today with a seed money of 2 million naira, I would have made 240 k profit. Again, if I can assure my self of its liquidity I might start trading it. Even if it crashes, no problem, the worst case that can possibly happen is having my money tied down for a while, it always bounces back given time. Cryptocurrency is here to stay, I even read some where it will eventually be worth 100,000 usd a coin in a couple of years as there are only a limited number of bitcoins ever. 1 Like |
Re: Treasury Bills In Nigeria by jayjay1512(m): 7:18am On Jul 03, 2019 |
Please how safe and secure is this I invest app for TB ,it has a sterling bank account attached to it |
Re: Treasury Bills In Nigeria by Bamz(m): 7:29am On Jul 03, 2019 |
ositadima1: I got in at 10k. I was supposed to buy at 11k it but it exceeded 11k through the night. It's a mentality thing really and like I said, it all depends on one's financial objectives. I wish I had more funds. If you're going to go in with a large sum, I believe you're planning to do intraday trading and you must get the technicals spot on. At the moment, if you're planning to hold for a month, it's a strong time to buy. For liquidity, I buy/sell though or you could come to the currency thread (below) to ask for vouches or meet other sellers. https://www.nairaland.com/3190496/currency-e-currency-market-deals |
Re: Treasury Bills In Nigeria by Trone: 7:40am On Jul 03, 2019 |
jayjay1512:
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Re: Treasury Bills In Nigeria by DaBogu: 8:21am On Jul 03, 2019 |
Yes Sir PearlStreet: |
Re: Treasury Bills In Nigeria by ositadima1(m): 9:10am On Jul 03, 2019 |
All who make it to this thread already know the contents of this Ad, written in the 60's. I guess. 10 Likes
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Re: Treasury Bills In Nigeria by Nobody: 10:24am On Jul 03, 2019 |
Crypt: someone said the coin is scarce that's why price is up and I ask, who mint the coins. Who regulates it. Who tells him to stop printing. A day will come like mmm when everybody will have crypt and there will be no buyer. What will happen? When can I buy with those coins in Alaba or ladipo. Can I buy cement with it. Am a novice and will like us to clear some grey area here to educate novices like me. I reiterate, I don't like too much money. One thing at a time, crypto to the left, we are tbillers. 8 Likes |
Re: Treasury Bills In Nigeria by Bulaveur: 11:10am On Jul 03, 2019 |
Barrytone: I think you should do a little research on cryptocurrencies. All your questions will be easily answered. FYI: cryptocurrencies are not printed, they are mined electronically. Yes, many stores and websites in the US, UK and other developed countries accept cryptocurrency as a means of payment. It is not regulated but subject to forces of demand and supply. 2 Likes |
Re: Treasury Bills In Nigeria by justmi1: 12:00pm On Jul 03, 2019 |
Hi everyone, I am new here, I have been curious about T-bills. I want to learn more please. I have like 50k i want to invest. |
Re: Treasury Bills In Nigeria by Bamz(m): 12:04pm On Jul 03, 2019 |
Barrytone: Lol for you to be investing in TBills and making this kind of comments befuddles me. You sought information, and it got you here. I respect your opinion but I'm cringing right now. I agree that we have different levels of risk appetite. If I had a million dollars today, its ratio 70:30 between MMIs and cryptos, but thats me. Some may throw in equity investments, real estate etc. I'm team tbills too but then inflation rates are always at par with the interest but I understand that preservation of capital is most paramount. Does it make sense to bash what you do not understand? No. Then seek knowledge and information. Does it make sense to invest in what you do not understand? No, stick to what you know. 3 Likes |
Re: Treasury Bills In Nigeria by Itziykelly(m): 12:29pm On Jul 03, 2019 |
NIKEDEEDS:pls how much percent interest will 100k investment yiel? |
Re: Treasury Bills In Nigeria by HeliosHay(m): 12:40pm On Jul 03, 2019 |
Bamz: There's no need to attack him. He said he's a novice and would like people to help him (and others) clear some grey areas. @Barrytone, I'm not an expert on Bitcoin but from what I understand 1. There's a finite supply of Bitcoin (About 21 million) 2. The very nature of it means it can't be regulated The price is currently very erratic because there's a limited supply and it's highly sensitive to supply and demand. Bitcoin is currently less than 10% of my investment portfolio so I'm not that exposed to it..helps me stay emotionally neutral during these erratic swings. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 1:23pm On Jul 03, 2019 |
At the end, my worries just got complex, what stops the guy that generated the first coin from generating another one when he feels he needs more. Why dont we think he withdraws and introduce at will to influence price. And what is telling us that he doesn't have proxy that holds 50% to himself. On stores in atlanta accepting it, what concerns me, i have never bought from atlanta. I mention were i can access. Why should I trade in a currency that is not qualify as money(generally accepted). I once had a zimbabwe dollar while in school, that dollar died naturally in my wallet. The only thing it fetch me was confuse fellow students that i have dollar to exchange by monday as I don't patronize aboki. Age wouldn't let me try that now. 1 Like |
Re: Treasury Bills In Nigeria by HeliosHay(m): 1:51pm On Jul 03, 2019 |
Barrytone: Generating one single bitcoin is not that easy...it takes a LOT of energy and computer processing power to mine for bitcoin. Miners are essentially rewarded in bitcoin when they solve a transaction problem by getting their computer to "guess" the right answer to the problem. The first miner to guess the right solution wins. After this solution is validated it becomes part of the blockchain and the open ledger is updated to reflect this new addition to the chain. Everyone then moves over to the next transaction problem to solve. The more miners are involved, the more difficult and expensive it is. It was deliberately structured this way to help control supply The blockchain protocol validates transactions that are legitimate so the issue of hiding behind proxies won't apply. With bitcoin, you don't have to worry about inflation as it's the first currency that can truly stake a valid claim as being scarce since there's a limited supply. Once we get to 21 million bitcoins in circulation that's it. This is the reason why some people believe the price of 1 bitcoin will eventually exceed $1million. Once we max out supply, demand will carry more weight The below video will help you understand more about it. https://www.youtube.com/watch?v=DuoE5CXlIdY 2 Likes |
Re: Treasury Bills In Nigeria by Bamz(m): 1:57pm On Jul 03, 2019 |
Itziykelly: Depends on your investment tenor |
Re: Treasury Bills In Nigeria by CompareDBest: 2:14pm On Jul 03, 2019 |
Itziykelly:Depends on the tenor you choose. There are 8 currently ranging between 64 and 274 days. The rates also range from 10 to 12%per annum. More information and specifics can be gotten by downloading the app or visiting http://comparedbest.com/ng/sterling-bank-nigeria.html . Note that unlike treasury bills, you get your "interest" at maturity. |
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