zamirikpo:


U have a strong point but if u live in naija u would agree with me that, as a people,we have been ridiculed, we are barely clinging to life. even the so called rich people can't move around freely without armed escort.

WE live on the edge in naija cos anything can happen and nobody would be held accountable.

In naija it's all man to himself and God for us all, so forgive us sometimes when we refuse to see the bigger picture cos those that have the power to change things have abandoned us, we would continue to scamper for d closest clue to financial relieve(not success). Why do u think MMM made a killing in naija.

Hopefully one day things will get better.

igbizen:

I Dey feel you. Since the first encounter I have been watching closely. One character duplicating self with different nairaland identities. My only prayer is that the very vulnerable ones among us do not fall prey. Shine ur eyes�

emmanuelewumi:
Those guys have different monikers, if you look closely and deeper you will know the person behind the monikers.

Although he promised to leave the forum, but it is almost impossible for him to do.

Discussions about Treasury Bills which is the primary objective of this thread are healthy.

igbizen:

I Dey feel you. Since the first encounter I have been watching closely. One character duplicating self with different nairaland identities. My only prayer is that the very vulnerable ones among us do not fall prey. Shine ur eyes�

needful:


Hahahhahah, do u know why I laughed? because i just got a 3yrs bond with 16.39% coupon and yield of 12.06 wit Stanbic brokers.

If u like, stay here and be looking for when TB will get to 1%. Go and make money and stop being jealous of innocent young people trying to expand there horizon. Everyone here is way smarter than u and also know when to diversify there investments.

Las las now, you will find one innocent uncle and start laying accusations on how he tied you with juju that made u poor.

Nakedman:



You have been clamoring about 1% and 2% in some of your posts. Why are you so bitter about people borrowing the Government their money.. I don't understand ***. Just leave this thread if you're not comfortable

chukzyfcbb:

sorry to say but you cannot sell such property at that price after 7yrs. and 80m property yielding mere 2.4m is piss poor!

plus trust me you don't want to live with your tenants, you are better off renting your own space and going to live somewhere else. Tenants wahala daily can shorten your lifespan, rent it all and leave it to a realtor to manage while he gets % from the annual rent. (5% standard)

feelamong:


91 days -------7.798%

182 days -----9.00%

364 days -----10%

ahiboilandgas:
are u taking from experience ? Cos am talking from expirence ....my friend built his house for 6 million in 2006 live inside the house for 11 years and sold the house for 27 million naira in 2018 ( he didn't renovate for 1 )..if he bought t.b over the 11 years even at 13 percent all through the tenure it will be 12m now which can only buy land in same location......for tenant am not talking of face me and face you type am talking of professional paying 700k above....i have no issues with my tenant the 2 of them 1 firs officer and other a doctor....no problem what so ever infact without them the house will be two big two boring.....

chukzyfcbb:

For the tenant thing, Yes but I prefer not to go into some personal detail..

I wasn't referring to face me I face you. well it's because in your case it's just two flats, if it's a an 8-9pcs of 3bdr flat in the whole building, you will relate better.


However on the land flipping thing, I agree with you on the speed at which land could move, but the analogy you have where you acquire at 10m and sell at 80m in 7yrs didn't sound feasible to me tho.

No offense.

ahiboilandgas:
no offense we are all learning so I like real experience....i said I will buy land 10m build 30m 4 apartment house rent out 3 for 1m each ,reside in 1 (I can design it to have my personal space ,gate separate with tenate total investment 40m will sell the house for 80m in 8 year time (speculating ) may 60m +24m (accrued rent ) 84m +8m (saving from my rents ) =92m ....-40m =profit 52m.....

emmanuelewumi:



Congrats, was it FGN bond or FGN savings bond?

needful:


Federal Govt Bond Sir. As at yesterday being friday that we concluded the transaction, they still have 2yrs, 5yrs and other longer tenors incase if you are interested but u may need upto 20m and above for it.

Dear Sir/Ma,



We acknowledge receipt of your mail.



Please find below bond quote for the available FGN bond as requested.



PRICE

YIELD

bid

offer

bid

offer

14.50 % Jul 2021

102.75

105.25

12.58

10.92

16.39% Jan 2022

107.55

110.05

12.32

11.06

14.20% Mar 2024

106.25

108.75

12.28

11.56

12.1493% Jul 2034

94.55

97.05

12.98

12.59

16.2499% Apr 2037

120.95

123.45

13.15

12.84

16.2884% Mar 2027

115.35

117.85

12.97

12.49

13.98% Feb 2028

104.50

107.00

13.06

12.58





***Please note that transaction is at clean price and settlement at dirty price (which is clean price plus accrued interest).



Thank you



Best regards,

emmanuelewumi:



Very good, you paid N20 million because you bought from the secondary market.

You will need about N100 million to buy FGN bond from the primary market.

With a minimum of $2500 you can also invest in the Eurobond fund of FBN Quest Merchant Bank @ 6%.

You are sure of the preservation of your fund from currency devaluation

freeman67:
It is this same mentally that makes some thieves burn shops if it too fortified to be broken so that the owner will not enjoy since they can't enjoy it.

It looks like some Evans associates have discovered this thread. E be like say person plan to abduct person don fail as marked target/victim no free show...oboy see vex...ndi real economy...

IamR:

Elder Emma, in my own case sir, I want to mop up all my treasury bills by January to raise about 30m naira. I have done Eurobond with around 13k$; I want to put 25m naira in FGN Bond secondary market and still put 5m naira in treasury bills. My spouse prefers we put the whole 30m in FGN Bond which I am not in support. What have you to say to this, Elder Emma and madam needful?

emmanuelewumi:



What is the duration of the bonds you are looking at?