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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4618862 Views)
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 micluv111: 10:33pm On Dec 21, 2019 |
emmanuelewumi: @ Phionix.... Here's the best advice for you.... With 300k salary, you still manage to save 12m and some people are saying Nigeria is not cheap to live smh 11 Likes |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 10:34pm On Dec 21, 2019 |
OgogoroFreak:It is per annum, though, updated monthly |
Re: Treasury Bills In Nigeria by healthserve(m): 10:36pm On Dec 21, 2019 |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 10:43pm On Dec 21, 2019 |
micluv111:He didn't mentioned that he saved 12m from his salary. 7 Likes |
Re: Treasury Bills In Nigeria by Ibrahim505(m): 10:55pm On Dec 21, 2019 |
healthserve:Aggregated as annual rate |
Re: Treasury Bills In Nigeria by healthserve(m): 10:58pm On Dec 21, 2019 |
Ibrahim505: Very well. Though I tend to always lean towards the returns side of the axial. Personally I feel the individual has more power over profitability than inflation. So.. My obvious default underlying reason |
Re: Treasury Bills In Nigeria by Just2endowed2(m): 1:19am On Dec 22, 2019 |
Mutual fund hit 1 trillion in assets. It shows funds are moving towards that section https://nairametrics.com/2019/12/20/nigerias-mutual-fund-asset-value-reaches-n1-trillion/ 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by Abita(m): 11:14am On Dec 22, 2019 |
Grupo: 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 4:01pm On Dec 22, 2019 |
Ibrahim505:Are you saying it’s not possible to save up to that from 300k salary though? 1 Like |
Re: Treasury Bills In Nigeria by jahlove4jah: 4:25pm On Dec 22, 2019 |
4601CE:It is possible, but it will take a longer time. 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:49pm On Dec 22, 2019 |
4601CE: It is very possible, if you are disciplined and dared to be different from the Joneses. 4 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:51pm On Dec 22, 2019 |
jahlove4jah: Little drops of water make the Ocean. The journey of a thousand miles starts with a step. 8 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 4:56pm On Dec 22, 2019 |
I know a guy of about 45 years old, who teaches in one of the International Schools in Lagos whose financial assets in equities, Treasury Bills, Bonds, Eurobonds etc was over N30 million as at 2018. Although the guy started investing when he was in the University . 10 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:04pm On Dec 22, 2019 |
emmanuelewumi: Bought 2 plots of land at Sangotedo around Ajah in 2001 for about 200k, sold a plot for N12 million 3 years ago and used the proceeds to build a house for his family. He had the option of buying a tokunbo car of 250k in 2001, but he chose to invest the money on a investment opportunity ie the cheap land. 12 Likes |
Re: Treasury Bills In Nigeria by seyisanya(m): 5:19pm On Dec 22, 2019 |
Even if he did, the question is for how long? I mean how many years? We need some inspiration for 2020! Hahahaha Ibrahim505: |
Re: Treasury Bills In Nigeria by aremso(m): 5:24pm On Dec 22, 2019 |
Nigsrdumb: pls permit me to correct that impression that gain and loose, if you know your onions in this stocks of a thing then u will enjoy your suya. The rule is, know the time to buy and know your exit time by doing so u will not gain15 and loose 12 percen. for example buying zenth at the current price then at least it could give 15 to 20 percent plus margin, when i have met my target what am i waitting for? i bail out from it and re-enter again when the party is over for second 10 percent margin at q2 then finally lock in again in nov-dec for another margin of 3 months. It depends on your risk appetite. CAVEAT EMPTOR 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 5:41pm On Dec 22, 2019 |
seyisanya: It depends, it is possible within 5 to 7 years. If he is business minded and investment savvy it is possible under 4 years. 3 Likes |
Re: Treasury Bills In Nigeria by vexing(m): 7:20pm On Dec 22, 2019 |
phoinix:Bro you earn 300k a month and you are able to save 12 million? How did you do it? Have you been working for 15 years? I earn far more than what you earn and I can tell you that I only gat little cash in my treasury bill and I have been working for quite a long time now. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:32pm On Dec 22, 2019 |
vexing: I guess he lived below his means and also lived on a budget 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 7:36pm On Dec 22, 2019 |
aremso: Sir you can't time the market, having a stroke of timing luck today could be reversed in the next trade. It's like betting/ speculation, that's not a long term strategy for building real wealth. I'd rather play the lottery lol 10 Likes |
Re: Treasury Bills In Nigeria by aremso(m): 8:11pm On Dec 22, 2019 |
Nigsrdumb: You may be right but i think i play my game in my own ways and it pays me, that all i can say. I have tried all the strategies you can say and finally sticked to what pays me so the rest is history 1 Like |
Re: Treasury Bills In Nigeria by olujaidi: 8:37pm On Dec 22, 2019 |
emmanuelewumi: Millionaire next door. 3 Likes |
Re: Treasury Bills In Nigeria by shalomblue: 8:37pm On Dec 22, 2019 |
If he is not married or has a wife that is working, he can save 12mm within 6 years. He only needs to be frugal. At age 30,you should have at least x3 of your annual income and at age 40 at least x4 of your annual income 2 Likes |
Re: Treasury Bills In Nigeria by Lizzyab(f): 8:51pm On Dec 22, 2019 |
I just want to say thank you for the wealth of information that everyone has contributed here...I am able to have a spare N35,000 every month (after covering bills and adding to savings) and would like suggestions on how to keep investing this little but consistent figure monthly.... perhaps a mama put joint? anyone have first hand experience running this? how do you deal with 'force men' (Tax force are brutal in Abuja)... anyway to compound this money? I am looking at not touching any 'profit' from this investment for 3-5 years just to make it grow... it might be a little 'off topic' but I strongly believe the active crowd on this particular thread can offer a more balanced perspective...or should I go for a continuous fixed deposit (if that is possible) and just keep the value of the money from depreciating (just maintaining it's purchasing power without becoming stronger)....any information and insight is greatly appreciated... 6 Likes |
Re: Treasury Bills In Nigeria by Lizzyab(f): 8:58pm On Dec 22, 2019 |
I currently earn money online in dollars and have it transferred to my naira account but i lose about 20% in transfer fees and I want to diversify my income streams and have non-virtual, tangible sources of income right before me, incase our lovely Government wakes up tomorrow and decides to pass some bill restricting internet access or banning inflow from foreign transfer in to your account (LOL, paranoid but you can't blame me....).... I am also trying to build a virtual product to earn royalties on (ebook, info products).... now something evergreen and tied to daily human needs.... any insight greatly appreciated 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 9:20pm On Dec 22, 2019 |
Lizzyab: Most western banks can transfer funds internationally using swift, only caveat is that they can't transfer naira to Nigerian banks, so your best option is to open a domiciliary dollar açcount in Nigeria, which will allow you to receive funds with little charges. I pay about 0.50 cents regardless of how much I send. 2 Likes |
Re: Treasury Bills In Nigeria by Lizzyab(f): 9:36pm On Dec 22, 2019 |
Nigsrdumb: That's the issue, I receive payment from a Taiwanese company and for foreign transfers, they only have paypal as a payment option (no direct bank transfer)... luckily, I have citizenship in another country and have a paypal account tied to my foreign back account... So after I transfer my earnings from paypal to my foreign account, I now transfer from my foreign account to my Nigerian account using Transferwise (I end up making 3 currency conversions which chops into the money heavily as Transferwise does not permit receiving money in dollars in Nigeria).. If you know a cheaper way to get money from your foreign account into your Nigerian account please let me know |
Re: Treasury Bills In Nigeria by freeman67: 9:36pm On Dec 22, 2019 |
vexing: If you earn more than that and have been working for long without saving much it could mean that your savings culture is weak or that your spendings lean more on your wants than your needs. It could also mean that you did not start saving or investing your savings early in your work life. Finally I could also means that you are carrying more load on your earning that leave little to be saved. 4 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:43pm On Dec 22, 2019 |
Lizzyab: I had the same issue, I also tried to use TransferWise but they don't allow dollar transactions. How I solved the issue was simply opening a Dom açcount in Nigeria.. then I used my Dom bank details to send money from my online for instance your Russian account that PayPal pays into. It's very cheap especially if it's dollar to dollar. I'm not sure you understood my previous comment. 2 Likes |
Re: Treasury Bills In Nigeria by Nobody: 9:44pm On Dec 22, 2019 |
Lizzyab:I did. You ignored. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:45pm On Dec 22, 2019 |
Lizzyab: What is the nature of your job? I asked the question, based on your suggestion about mama put. N35,000 every month should be able to give you N420,000 at the end of the year. What is the interest on fixed deposit? |
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