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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4656266 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 handsomebolanle: 10:40pm On Apr 27, 2020 |
Olaide1295: Hmm...You're compounding Agriculture for 20 years ...A large risk on a startup I must say... I pray it pays... 5 Likes |
Re: Treasury Bills In Nigeria by seunpinky(m): 11:39pm On Apr 27, 2020 |
I have a different view about this... People relocate to other countries for various reasons... Those that I know migrated to Canada because of the quality of life which can't be compared to what we have here in Nigeria. Lemme us my family's experience, my wife works with one of the big 4 audit firms and several of her colleagues have relocated to either UK, USA or Canada.. as with all things, when u get to a new location, you need to do certain things to fit into their society. Accountants in Nigeria wanting to migrate to Canada are usually advised to write CPA, CIA or CFA. Our local ICAN is not recognised there.. I have also seen doctors in Nigeria work as medical assistants in UK because they could not pass PLAB and other required medical professional exams. To the aspect of saving, like it has been said here by pa Emmanuel and ahib... If u don't have a saving culture in Nigeria, it would be very difficult to save abroad because the system there does not encourage saving, rather it encourages credit system and if you are not self disciplined. You won't save a dime.. There's a story/thread of a young man that saved quite a lot of money doing menial jobs in Canada. Cc tundednut NIGHTLIFE100: 6 Likes |
Re: Treasury Bills In Nigeria by Godbpraised: 11:58pm On Apr 27, 2020 |
You seem not to understand what the guy is saying I am based here in Canada the grass is not always greener on the other side. Making it here is not a walk in the park. Also if u have kids they are expose to all sorts of unethical sexual doctrine. I will also take my kids back to Nigeria for secondary school education, until the university level. Whatever you choose think right. Even investment in Canada e get as e be. 2%. Meanwhile here in Nigeria u can get better investment. Even the yeye Canadian dollars no dey rise against the naira that much compared to US to naira . Guys make we go back to TB bills jor. seunpinky: 5 Likes |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 12:04am On Apr 28, 2020 |
You are right Akin3891: 1 Like |
Re: Treasury Bills In Nigeria by missjekyll: 12:09am On Apr 28, 2020 |
Olaide1295: I see you took out a loan in order to invest. That was probably not the wisest decision you could have made. please pay off that loan first before investing. Secondly ,agric tech is still a very new area. the risk is high. however you are young enough to recover if the untoward happens. I must commend your interest in investing. if you avoid common mistakes,you will go far. 11 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 12:23am On Apr 28, 2020 |
missjekyll: The loan is at about 15%(effective interest is less since i'm paying monthly) while the investment yields 30% in 9 months. I took the loan in January and have paid back 300k now. The goal is to use debt to finance my investments. I am not from a wealthy background so when i made my first big money two years ago, i invested the entirety in building a student hostel in Ibogun for OOU students. (I thought real-estate will never let me enter poverty again) The house is not 100% complete though but it gives me a measly 600K annual instead of the projected 1.2M. I regret the investment as its neither liquid or giving good returns. Agric tech is insured though. I will risk it for two years and start looking to see if i can hedge/double insure it from the third year. 5 Likes |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 12:42am On Apr 28, 2020 |
Please if i invest my 1million in fixed deposit of 5% interest rate, what will be my gain in a month, i had someone saying 50k. Olaide1295: |
Re: Treasury Bills In Nigeria by Godbpraised: 12:42am On Apr 28, 2020 |
The important thing is that u av been schooled in the arts of investment. This u can not get by reading a book. Olaide1295: 3 Likes |
Re: Treasury Bills In Nigeria by Olaide1295: 12:51am On Apr 28, 2020 |
Adefajofashola: 5/12*100 of the original investment. I think your gain = NGN 4166.66667 per month 1 Like |
Re: Treasury Bills In Nigeria by handsomebolanle: 12:52am On Apr 28, 2020 |
Adefajofashola:Its annually.... I think you can still get 10% annually... |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 12:55am On Apr 28, 2020 |
Thanks for your reply, this is what i know, but the person who said 50k was trying to argue with me. Looking for a good way to invest and get good income monthly Olaide1295: |
Re: Treasury Bills In Nigeria by Adefajofashola(m): 12:57am On Apr 28, 2020 |
You mean 10% of the invested capital which is 100k, if i leave it for 12 month? handsomebolanle: |
Re: Treasury Bills In Nigeria by handsomebolanle: 1:17am On Apr 28, 2020 |
Adefajofashola:Yes |
Re: Treasury Bills In Nigeria by globalresource: 1:50am On Apr 28, 2020 |
Is buying dollar at this time advisable to keep one safe against inflation? Or what other asset one can buy And is mutual fund for dollar advisable 2 Likes |
Re: Treasury Bills In Nigeria by XiaoLi: 5:37am On Apr 28, 2020 |
As someone who have lived abroad for up to 20yrs, i will advise you to stay back in Nigeria and invest that money in your business if you are into business, if you are not into business you can invest it in MMF and continue to do what gave you the 15M, abroad is not always rosy as most people in Nigeria think. afroxyz: 9 Likes 1 Share |
Re: Treasury Bills In Nigeria by TotoNaRubber: 5:57am On Apr 28, 2020 |
Of course you can keep buying USD but at a reasonable rate, if you find dollar at anything less than N400/$ buy. One thing this government cannot do is reverse depreciation, even if they pump the whole reserve into the black market, the value of the Naira getting back to usual will not be achieved. The Naira will keep depreciating until CBN intervenes to add some stability. The last depreciation burnt me hard. globalresource: 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:38am On Apr 28, 2020 |
zamirikpo: That is the difference between business and investment. We need to strike a balance between both, part of the money from business should go into investment. You can make 500k or more every month doing business with your N35 million, while if you invest the same amount you will get 300k of less per month. It is not everyone that has the time and energy for business. Those who have the the time and energy for business today might not have the health to do same in a few years time. This is where Investment comes in Business is active, it requires our time and continuous energy. Investment is passive, does not require your and continuous energy. You do it once and continues to generate moderate income. People who built their houses for N40,000 about 37 years ago and generating rental income of N2,400 per annum. Fast forward to 2020, the same investment is still generating income 37 years after. Depending on the location such investments are generating between N2.4 million and N3.2 million per annum 21 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:47am On Apr 28, 2020 |
missjekyll: Getting a loan for a business or Investment is not a bad idea, provided you understand the business or Investment and also have a good track record in the venture. The problem is with the average people who use loans for consumption like house rent, weddings, school fees. Smart business people and Investors use returns from their business or Investment to fund consumptions, and use their savings and debts to fund their business and investment 11 Likes 2 Shares |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 7:52am On Apr 28, 2020 |
Adefajofashola: You will get about N4000 every month I don't see fixed deposit as an investment. It is savings. The essence of savings is to help us when emergency arises, when your savings get to a substantial amount eg if the savings can sustain your expenses for about 2 years. It is advisable to move 75% of the fund to a business or Investment 6 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 9:02am On Apr 28, 2020 |
zamirikpo:the dont view it like that u can be a house trader too build for 35m collect rent for 5 years 10m then sell for 45m total profit 20m within 5 years 20m/60months = 330k per months with less risk.... 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by zamirikpo(m): 11:13am On Apr 28, 2020 |
ahiboilandgas: True and even @Emma made a clear distinction between investment and business. Am in my mid 30s so now is the time to hussle , by 45-50yrs, I should be winding down by God's gave and shifting into investments with a bit lower yields and less risk. But in Nigeria most investment carry HIGH risk ooh cos anything can happen. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 11:28am On Apr 28, 2020 |
emmanuelewumi: I'm not sure this thing is this straightforward. Lets look at this hypothetical scenario. Two people work in the same place that gives car loan payable in five years with monthly deductions from salary. Both of them can afford to buy a vehicle without taking the loan. One takes a loan to buy, and passively invests the money he would have used to in say Mutual funds. The other buys from his "savings" or maybe interest from another investment while he keeps collecting his full salary. Which one would you say has made the best decision. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:44am On Apr 28, 2020 |
rationalmind: It is their life and it is their debt just telling you how smart business people and Investors reason. And it is quite different from how most of us in the rat race reason. None of them is right or wrong it is the future that will determine Worker A got a loan of 18k to build a block of 2, 3 bedroom flat at Maryland Lagos in 1982, his friend worker B got a loan and bought a range rover for 18k. They both finished paying their loans after 5 years. Fast forward to 2020 the property worker A built is generating income of N1.6 million and the property is valued at N20 million. Worker B has a car that is not generating income and currently valued at 200k. Both of them are right, but who is having a better cash flow at retirement? A guy in the car section wanted to sell the car he bought on credit late last year because of the liquidity and cash flow constraints caused by the current recession. The person who bought from the returns on his Investment or business won't be under that type of stress. 7 Likes 1 Share |
Re: Treasury Bills In Nigeria by ahiboilandgas: 11:50am On Apr 28, 2020 |
zamirikpo:yes ohh 35m capital suppose to generate 30 percent per anum...... |
Re: Treasury Bills In Nigeria by Nobody: 12:06pm On Apr 28, 2020 |
emmanuelewumi: Ok, this is an interesting perspective though I think those loans are usually insured against job loss. Personally, I likely will not use my money (whether from return on investments or savings) for consummables if I have access to an insured loan that can be used for same purpose. I can only hope the future proves me right 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:13pm On Apr 28, 2020 |
rationalmind: That was his reply, when he was asked why he wanted to sell a car he bought about 6 months ago. The person who asked wanted to know if the car was having mechanical faults Loans are quite easy these days, you can get from microfinance banks and they are very ruthless with their debt recovery. 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 12:27pm On Apr 28, 2020 |
emmanuelewumi: When dem no swear for me. Those loans are for desperate people. The interest rate is outrageous. Some banks give car loans to staff at around 5% interest. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:54pm On Apr 28, 2020 |
rationalmind: About 90% of Nigerians working are not working in structured places so they might not be able to qualify for consumer loans from the banks except those who have acceptable collaterals 2 Likes |
Re: Treasury Bills In Nigeria by Akin3891: 12:58pm On Apr 28, 2020 |
olujaidi: If there is only one thing I can vouch of my self, is not succumbing to peers pressures at least right from my university levels, I'm a kind of eagle that flies alone. I'm so basic economically that you won't pass if you try to study my worth. 13 Likes |
Re: Treasury Bills In Nigeria by olujaidi: 1:25pm On Apr 28, 2020 |
Akin3891: If you don't, your spouse might be the weaker link and vice versa. And it won't be easy to resist that pressure. Or you can have peers with the same mindset to help resist it. 6 Likes |
Re: Treasury Bills In Nigeria by 9jatriot(m): 1:38pm On Apr 28, 2020 |
Is there madam in the picture? Are the kids in secondary school yet? Akin3891: 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:57pm On Apr 28, 2020 |
9jatriot: Birds of the same feathers flock together. Frugal and investment conscious people are attracted to people who share their values Met my wife at an Investors forum, she is a super saver and more frugal than me. This lockdown affected her business, but promised to pay her workers full pay from the business reserves till the end of June. 25 Likes |
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