TotoNaRubber:
Have you heard about the saying "put your money where your mouth is".

There are complications with financial investments, if you don't live in or are not from the country where you intend to invest, don't do it.

The stress you will go through when there is a problem will threaten the return of capital.

Invest in Nigeria where you can attend to any complications within 24 hours.

TotoNaRubber:
Have you heard about the saying "put your money where your mouth is".

There are complications with financial investments, if you don't live in or are not from the country where you intend to invest, don't do it.

The stress you will go through when there is a problem will threaten the return of capital.

Invest in Nigeria where you can attend to any complications within 24 hours.

OgogoroFreak:
foreign investors do invest in Nigeria nau. As long as you open a bank account successfully there, you are good to go.

I know someone who has been in Ghana for about five years now running business and investing in Ghana tbills with no issues.

Adiwana:


Their govt only needs to make it easier to invest and manage Tbills from our banks here in Nigeria then we are good to go.

richforever123:


I really appreciate your kind response, for mutual funds is it a possibility that I can withdraw the proceeds monthly?
I really appreciate your feedback, thanks so much

zamirikpo:
All this talk about bonds in not sweeting me at all.

Am in love with that upfront interest on TB, nothing beats that.

My anger is not even the 8-10% on TB it's the prorating.

As a business man I need to be liquid.....cant afford to lock down huge capital for 3-5 yrs(20m &above). When anything can come up.

Watching the market daily....TB it is

Adiwana:


Bonds are for those that already have businesses,have a long term project or things of that nature that need guaranteed money,those interested in growing their money or in most cases money for their kids in case of death. Collecting 6m+ a yr on a bond of 50m at 16% for 10-15 consecutive yrs doesn't sound bad at all.That's a guaranteed 60m+. Its just a scheme made for the already rich

richforever123:


I really appreciate your kind response, for mutual funds is it a possibility that I can withdraw the proceeds monthly?
I really appreciate your feedback, thanks so much

NicoKator:
I don't know for other Fund managers but with STANBICMUTUAL funds it's possible, when I was in school, I filled a form nd instructed them not to re-invest the accrued interest but to pay to my bank account( the account i submitted was Diamondbank) the accumulated interest at the end of every month, they were doing it this way until I instructed them to re-invest the accrued interest.

careerwoman:
Please I don’t understand First Bank
Applied two weeks ago for primary market Tbill. The bid was unsuccessful and they refunded my money into my account.
I’ve already decided to go into forex with a part of the money and needed the other part for some things since I got cash strapped this week.
Now, I just checked my account balance and they’ve deducted the amount again against auction next week.
This is wrong, I didn’t give any additional directive to them to redo the Tbills request.
Please has anyone experienced this? How can I revert it?
Like, my acct balance is almost zero..

TotoNaRubber:
That 16 percent is just a myth, no one actually gets that in recent times, financial institutions are rogues.

Remember what they say about the middle man.

TotoNaRubber:

Go to the bank with 5 litres of fuel, demand they bring out the manager or you set the building on fire "na joke o" BUT

GO to the bank and demand they release the funds back to you as you do not accept to buy the bills at the next auction. I think it is normal with First bank to debit you using your old request. It is bad practice as they make free money off you while holding your funds.

careerwoman:

Aswear, your first paragraph is what I really would love to do tomorrow.. It doesn’t make any sense, there was no place in the form where I filled “roll over request if bid fails”.
I have lots of engagements starting from next week Monday and need my funds back immediately.
Plus, Tbills isn’t looking enticing anymore.

careerwoman:
Please I don’t understand First Bank
Applied two weeks ago for primary market Tbill. The bid was unsuccessful and they refunded my money into my account.
I’ve already decided to go into forex with a part of the money and needed the other part for some things since I got cash strapped this week.
Now, I just checked my account balance and they’ve deducted the amount again against auction next week.
This is wrong, I didn’t give any additional directive to them to redo the Tbills request.
Please has anyone experienced this? How can I revert it?
Like, my acct balance is almost zero..

needful:
Ukah, pls come and analyze this for me abeg. Totally confusing biko.

TotoNaRubber:
Have you heard about the saying "put your money where your mouth is".

There are complications with financial investments, if you don't live in or are not from the country where you intend to invest, don't do it.

The stress you will go through when there is a problem will threaten the return of capital.

Invest in Nigeria where you can attend to any complications within 24 hours.

Akin3891:



Don't know the part of forex you have decided to venture into, but if it's forex trading, think twice it's not a business but a Gamble. Good luck

needful:
Ukah, pls come and analyze this for me abeg. Totally confusing biko.

OgogoroFreak:
But foreign investors do invest in Nigeria nau. As long as you open a bank account successfully there, you are good to go for tbills. No bank will seize your money. It doesn't happen.

I know someone who has been in Ghana for about five years now running business and investing in Ghana tbills with no issues.

emmanuelewumi:


You need to be resident in Ghana, if you want to invest in their Treasury Bills

OgogoroFreak:
They sell tbills to foreigners but only from the secondary market and minimum of $22k.

aremso:


does one need to invest in $?

careerwoman:

Thank you.
I wanted to test MBA Forex with $1000 in January.

careerwoman:
Please I don’t understand First Bank
Applied two weeks ago for primary market Tbill. The bid was unsuccessful and they refunded my money into my account.
I’ve already decided to go into forex with a part of the money and needed the other part for some things since I got cash strapped this week.
Now, I just checked my account balance and they’ve deducted the amount again against auction next week.
This is wrong, I didn’t give any additional directive to them to redo the Tbills request.
Please has anyone experienced this? How can I revert it?
Like, my acct balance is almost zero..

careerwoman:
Thank you. I wanted to test MBA Forex with $1000 in January.

careerwoman:
Please I don’t understand First Bank
Applied two weeks ago for primary market Tbill. The bid was unsuccessful and they refunded my money into my account.
I’ve already decided to go into forex with a part of the money and needed the other part for some things since I got cash strapped this week.
Now, I just checked my account balance and they’ve deducted the amount again against auction next week.
This is wrong, I didn’t give any additional directive to them to redo the Tbills request.
Please has anyone experienced this? How can I revert it?
Like, my acct balance is almost zero..

OgogoroFreak:
They sell tbills to foreigners but only from the secondary market and minimum of $22k.