emmanuelewumi:
I am sure no one will ever dignify the jack of all trades guy with a response.

healthserve:



I was commenting innocently I was accused as fraudster by people who couldn't maintain an intellectual debate. I'm sorry Sir. I rather won't comment on the forum anymore Sir. Sorry

DaBogu:

Kindly find below details of the November FG Savings Bond as announced by the Debt Management Office this morning.
 
2 years Tenor -10.296%
3 years Tenor – 11.296%

Akerewe:
can someone terminate bond before maturity like T.B?

ahiboilandgas:
for rate stability ,policey change ,constant faild tb bids ,poration of succefuly bids ,low rate..tb can go as low as 7.percent (I have done it before)for 364 days ,there are time where fixed deposits rate where more than t.b ....bond when for 16.5

needful:

Is there any other bond apart from savings bond

ahiboilandgas:
for rate stability ,policey change ,constant faild tb bids ,poration of succefuly bids ,low rate..tb can go as low as 7.percent (I have done it before)for 364 days ,there are time where fixed deposits rate where more than t.b ....bond when for 16.5

ahiboilandgas:
yes na ,u can even trade it for profit

DOLLARTEX:
TB 10.4 stanbic ibtc,356 days! stanbic is back!

ahiboilandgas:
yes na ,u can even trade it for profit

OgogoroFreak:
But why would anyone want to do bond and do tbills with interest from bonds when they can do tbills and do tbills with the interest from tbills?

DOLLARTEX:
TB 10.4 stanbic ibtc,356 days! stanbic is back!

OgogoroFreak:
Wow! That really smart.

But I think federal government bond is from 50m? And savings bond which can be done with less than 50m always have low interest.

Homextras:
I heard ban on secondary market has been lifted, how true is this? Got the info from stanbic ibtc bank customer rep today..

RealityShot:
open a cooking gas plant/station.

be sure to do proper hands-on research in your chosen area though.

you also go work at a plant part time to learn the ropes.

i suggest this becos it can gulp huge cash and yield huge returns...

its not akara or suya coins biz

needful:


If I have upto 50m can I do the govt bond that u are talking about. And how do I get it sir.

9jatriot:
I am thinking. Assuming I want to buy a car worth 10M, even though I have the cash for the car, I decide to invest it in TB or bonds. I then use the certificate of the investment as collateral to apply for a loan an the bank to use in purchasing the car.

You may argue, why not just buy the car and have peace of mind, well I can also argue that I want to use the approach to keep me financially disciplined throughout the duration of the loan and so that I can have my money back at the end of the period.

I know the experts may say, it looks foolish since the banks may be giving me the loan at say 17-25%PA, but I can also argue that (using 17% as the bank rate) if the TB is assumed to be 10%PA, that the loan may in reality be 7% for the first year. If I am reinvesting the interest then that value will continue to reduce at the end of the loan term.

Please not that the mode of repayment is not expected to be from that actual investment but from my normal means of living. That TB or bond investment is only to serve as a collateral and may not even contribute towards the repayment of the loan. The fact that I know I have a monthly commitment will in my opinion help me stay financially discipline and I can shout it to the roof top to anyone that cares to listen that I am paying for car loan so that all those that would have categorized me as money bag go around saying "non mind am, that e big car, na loan he take buy am sef".

At the whole of the whole exercise, I will have my 10M+ compounded interest and my car.

What do you guys think?

9jatriot:
I am thinking. Assuming I want to buy a car worth 10M, even though I have the cash for the car, I decide to invest it in TB or bonds. I then use the certificate of the investment as collateral to apply for a loan an the bank to use in purchasing the car.

You may argue, why not just buy the car and have peace of mind, well I can also argue that I want to use the approach to keep me financially disciplined throughout the duration of the loan and so that I can have my money back at the end of the period.

I know the experts may say, it looks foolish since the banks may be giving me the loan at say 17-25%PA, but I can also argue that (using 17% as the bank rate) if the TB is assumed to be 10%PA, that the loan may in reality be 7% for the first year. If I am reinvesting the interest then that value will continue to reduce at the end of the loan term.

Please not that the mode of repayment is not expected to be from that actual investment but from my normal means of living. That TB or bond investment is only to serve as a collateral and may not even contribute towards the repayment of the loan. The fact that I know I have a monthly commitment will in my opinion help me stay financially discipline and I can shout it to the roof top to anyone that cares to listen that I am paying for car loan so that all those that would have categorized me as money bag go around saying "non mind am, that e big car, na loan he take buy am sef".

At the whole of the whole exercise, I will have my 10M+ compounded interest and my car.

What do you guys think?

9jatriot:
I am thinking. Assuming I want to buy a car worth 10M, even though I have the cash for the car, I decide to invest it in TB or bonds. I then use the certificate of the investment as collateral to apply for a loan an the bank to use in purchasing the car.

You may argue, why not just buy the car and have peace of mind, well I can also argue that I want to use the approach to keep me financially disciplined throughout the duration of the loan and so that I can have my money back at the end of the period.

I know the experts may say, it looks foolish since the banks may be giving me the loan at say 17-25%PA, but I can also argue that (using 17% as the bank rate) if the TB is assumed to be 10%PA, that the loan may in reality be 7% for the first year. If I am reinvesting the interest then that value will continue to reduce at the end of the loan term.

Please not that the mode of repayment is not expected to be from that actual investment but from my normal means of living. That TB or bond investment is only to serve as a collateral and may not even contribute towards the repayment of the loan. The fact that I know I have a monthly commitment will in my opinion help me stay financially discipline and I can shout it to the roof top to anyone that cares to listen that I am paying for car loan so that all those that would have categorized me as money bag go around saying "non mind am, that e big car, na loan he take buy am sef".

At the whole of the whole exercise, I will have my 10M+ compounded interest and my car.

What do you guys think?

DeSepiero:


Buy your car with your 10m - tell people is bought on loan if you must.
When your monthly cashflow comes, which which would have serviced the loan, channel it into a dedicated savings account with a standing order - the cashflow will be invested in TB or Bonds.

Cheers!

dake40:


I doubt if you can access a 10m loan by using your 10m Treasury bill certificate as collateral if that's what you mean. I just called Access bank customer support asking her the same question. She claimed you can get loan using TB collateral but cant get upto your TB capital

ukay2:
I invested in 16.2499% FGN BOND APR 2037 at 13.2%......secondary market


I think it's better for now.....stability of 16.2499% coupon payments every 6 months till 2037. ...shikena


I did mine with stanbic today...coupon payments will be every April and October till 2037...


Ask your bank for advice on most FGN BONDS....

ukay2:
I invested in 16.2499% FGN BOND APR 2037 at 13.2%......secondary market


I think it's better for now.....stability of 16.2499% coupon payments every 6 months till 2037. ...shikena


I did mine with stanbic today...coupon payments will be every April and October till 2037...


Ask your bank for advice on most FGN BONDS....

ukay2:
I invested in 16.2499% FGN BOND APR 2037 at 13.2%......secondary market


I think it's better for now.....stability of 16.2499% coupon payments every 6 months till 2037. ...shikena


I did mine with stanbic today...coupon payments will be every April and October till 2037...


Ask your bank for advice on most FGN BONDS....

igbizen:

Really v, I went to my branch (stanbic- Effurun) and was told that no secondary market yet. Will send a mail across to them. Which branch is this please?

Tweetums:
secondary market?

Lionhearted:


What happens if Nigeria cease to exist?