Akpaamunsi:


Your own method is also not bad, Emmanuel just suggested a better approach.

1kinggy:


Obviously, you skipped relatively when you were reading it. I didn't start following this thread yesterday or last month.

Some questions here are needless and a sign of laziness - many are just too lazy to use the search button even in NL to see if a similar question has been answered.

hollerbaby:
Some of these seemingly silly questions , i have an idea of what the answers are but i would rather ask here from people who have been dere nd done that.

Reassurance that, what i think is right is actually right. Since i have been following this thread when tb rates where pretty good, so u know how long. I have stuck to what i know and learnt here on treasury bills .when i see bond shares i dont even bother cause i dont know it well nd tb was still paying well.

With tb gone south we need to learn other investment opportunities So excuse the silly questions, correct people gladly responded to to clear our doubts.
I didn't see u answering any. Give me time to obtain my MBA degree in bonds and shares from this thread first. Me that i hv been following the responses to other people's questions that relates to this sukuk jejely no yab us at all

ukay2:



Loooooool

This thread na MBA SCHOOL for any serious investor

emmanuelewumi:
Too early to start another round of endless arguments.

We are all differently and wonderfully made, we should ignore any post or contribution that did not mention or quote us

This is one of the few threads on Nairaland where people treat themselves with courtesy and respect, these attributes are gradually becoming alien to us

Nakedman:
Hello House. I need Advise concerning investing my funds around since Tbills is nothing to write home about. I bought some FGN bonds around January Which is to run till 2034 at 11.05%. But I don't want to put all my eggs in one baskets, Would you advise me to buy the sukuk bond because I left the money in my savings account and all I get is 60k monthly which is very low.

abraolas1:
maybe this can help someone

emmasoft:


Sure, if you opt for it. There is opportunity to give your mandate in that regard whether at the point of opening account or after and it is flexible you can opt in or out. For instance if it's Abacus and you pick reinvest interest by first day of the next quarter your interest is reinvested while for VGIF the interest is reinvested 1st July and 1st January of each year.

emmanuelewumi:



The business must pay him, he can give loan to the business, and have a workable plan of how the business will pay back the loan.


Dangote is the chairman and major shareholder of Dangote cement. Dangote cement paid him N60 millon in 2019 as sitting allowances for taking Dangote's time through the attendance of board meetings and spending hours at such meetings ,time is money his company must pay him for his time. This is a company that will pay him a whopping dividend of N200 billion for 2019 financial years.

There is no emotion in business

abraolas1:


https://lotuscapitallimited.com/sukuk/?fbclid=IwAR3PViSeVSuQVeuD_nNq-SP4pdrFUapvnC1lks-xmssyYTE1L8gsmSYjPxg

hollerbaby:



Amen , i understand ur pov, but if they didn't ask how will i learn?

Lets drop this and move on please.

Nakedman:


Please house, I need Advise

Diyke4rich:

I did check nothing is showing on my name

Akpaamunsi:


Hello sir. Pls can I recompound my interest payable on government bonds or sukuk bond? I.e reinvesting my interests on the principal till maturity

Akpaamunsi:


Hello sir. Pls can I recompound my interest payable on government bonds or sukuk bond? I.e reinvesting my interests on the principal till maturity

Barrytone:


Am not a guru but you deserve an answer. The gurus will attend to you when they wake. The present SUKUK bond at 11.2% is a better deal. That amount (about 18m) that fetches you about 700k now will be getting you over 2m every year. 11% is fair considering the rates now and future expectations.

Nakedman:


Please house, I need Advise

OgogoroFreak:
What's the difference between Abacus and VGIF. Do they pay interest monthly, quarterly or yearly?

emmanuelewumi:



We always make the mistake of co-mingling our money and that of our business. This usually give a false sense of profitability of the business.

Whatever you put should be a loan which must be paid back at a given time

Even if you are using your property for a business, the business ought to pay rent to you, take care of other running costs, pay you a given stipend as salary, before you can determine the profitability of the business. Most especially if you have been running this business for 2 years and above

rmx:


Most SMES dont separate there accounts into personal and business , most am sure even run most of there business thru there personal accounts , the rest that have enterprise and Limited coy accounts don’t keep all the books and don’t Chanel payments thru them ,the reason is simple , most do not want to pay tax or other government fees etc , for some it’s a question of don’t want to put up or pay for the structure that will enable this , accountants , store officers , auditors etc ,

I know a lot of traders , there turnover will be in excess of 500m , a few over 1b . Most operating from personal accounts or a few using combination of personal and enterprise account

I have 2 ongoing projects , one for 16m for the builder/engineer fees , he provided his personal account , when we were about to start the second project which is much bigger , I insisted I wanted a company account , reluctantly he provided one and said oga the tax people might disturb me later smiling

What advice will you give along this line

emmanuelewumi:
Too early to start another round of endless arguments.

We are all differently and wonderfully made, we should ignore any post or contribution that did not mention or quote us

This is one of the few threads on Nairaland where people treat themselves with courtesy and respect, these attributes are gradually becoming alien to us

unite4real:


Diversify.

1. U already have bond. Good
2. Premium stocks. Dangote, Zenith, MTN, GTB
3. Money Market Fund.
4. Eurobond Fund
5. Look out for Distress sales in real estate

Nakedman please don't leave your money naked in savings account

Pascopele:
Hence the need for a whatsapp group

emmanuelewumi:



Even if it is a micro business, the enterpreneur should use one of his personal accounts as the account where income from the micro business will be paid into.

A micro business is that which the start up capital is N1 millon and below


Most salary earners thinks our side businesses are profitable because of co-mingling, it is when we are retired and face the business squarely that we will realize that we have been swimming naked all along

A salary earner who co-mingles his account with his side business and does well must be very disciplined and frugal. My wife does that and her salary for the past 4 years are been invested in money market, bonds, real estate and Treasury Bills. The side business handles her bills and pays her a monthly stipends. She gives personal loan to the business at 15% per annum whenever the need arises

rmx:


And if not a salary earner does this apply ?

My input was for people that do business as there main hustle

emmanuelewumi:



You need a corporate account, you can't be a contractor with big companies like Guinness, Flour Mills, MTN, Dangote, First Bank etc using your personal name, with being registered with Corporate Affairs Commission. Big businesses will always pay into your corporate account.
Same with local government, state government and Federal government.

There is a limit to the size of loan you can get as an individual, no bank will give you a N100 million loan on your personal guarantee when you are not a Dangote, but you can get a business loan that is more than that based on the cash flow generating ability of the business