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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 Tobex4realTobex234(m): 3:17pm On Jun 16, 2020 |
Nobody predicted Corona. Even Warren Buffet who have been investing for decades bought billions worth of Delta Airlines shares and sold at a loss. As a result, many millennials on Reddit that made profit on Delta stock have been expressing ecstasy as to how better they are in the investment world than someone who's been doing it for decades. The difference is this: Warren's failure (or long term thinking) was publicized but nobody has a clue what other stocks these millennials have lost hugely on in their portfolios. I hate to be the bearer of bad news, but if FGN defaults on bonds we have more things to worry about as a nation. As I always say, it is sweet to be shouting feminism in Nigeria and demanding for equal rights while men in countries like Iran are not even enjoying basic comfort that warrants anyone singing equality melodies to their ears. 3 Likes |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 3:20pm On Jun 16, 2020 |
If Oga ahib lost millions on currency speculations, he won't share that here. Many people have lost millions on cryptocurrencies, some backed out, some are still into it. No investment is truly safe. A friend of mine that works in the U.S has her 401k investment in the red as we speak. She has started learning how to buy stocks, is stocks risk free? No, in fact stocks has more risks. If you're saying people should not invest in FGN bonds because FG will default due to debts. I put it to you that the probability of someone dying (even naturally) may be higher than FG defaulting, so why invest at all when you can die tomorrow? 12 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:20pm On Jun 16, 2020 |
ukay2:nice how do u get dividen paid to your accounts( dorm)? |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 3:22pm On Jun 16, 2020 |
GonFreecss1:1)Every oil price case is different from the other, How would you know there would be production cuts when the 2 biggest players in OPEC were at war with each other?How would you know when they will come to a truce,that is if they ever will? This is what started the downtrend of oil,not coronavirus. "No sales" was temporary,everyone knows this as there isn't a replacement for oil yet,so no sales don't matter. 2)Do we have different charts on reserves?I am looking at one now and there is a serious hovering between the $33-45B range in times of normalcy. 3)You can't talk about dollar to naira rates and not talk about its major determinant which is oil for now. Production cuts were uncertain since the tension between Saudi and Russia. If not for coronavirus which forced them to a truce,the price war would probably still be on till now and no production cuts would be made. Meaning Lesser problem for Nigeria and more naira defence strength. 4)Government has been borrowing even in the times of Nigeria prosperity,so how does this point to the fact that CBN was helpless so much that it had to borrow. Have you seen some of the capital projects Nigeria is embarking on? Why won't they borrow? No one is bragging,we are discussing if you ask me. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:26pm On Jun 16, 2020 |
Tobex4realTobex234:dont mis understand me ....i didnt say people should not invest in bond or any other fgn instruments...but they should understand that their are some risk associated with it which a layman might not know like foriegn exchange risk etc ....so in order to mitigate risk we should spread our assets class ....fgn bonds , commerical paper ,rents , rsa ,skills , migration ,fixed asset , enterprises.....like madam does ....she has a house in ireland , have income in euros , have bonds in naira have retirement accounts in euro , have rents in Nigeria...etc .. 13 Likes 1 Share |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 3:29pm On Jun 16, 2020 |
There is a reason why fund managers that have spent years studying the markets and long hours writing Python scripts charge commision on capital, and not on the profit. Are you saying an average guy on Nairaland has more resources or information than a Wall Street fund manager? And if those fund managers cannot even guarantee investment safety, why do we worry so much about the most minimal of things? I once saw someone on this platform say Dangote was wrong to have invested in the refinery business. Sincerely, if anyone knows better (in risk assessment), you would sure be richer consulting for asset management firms than being here on a faceless forum. Every investment has a risk/reward component and everyone is urged to do their due diligence but when you actually engage in analysis paralysis and taking things to the extremely unlikely cases, then you will end up not doing anything because apart from you dying the next day, there is also the probability that the world itself can end anytime. 18 Likes |
Re: Treasury Bills In Nigeria by GonFreecss1: 3:33pm On Jun 16, 2020 |
Tobex4realTobex234: Well said! I won’t be surprised if you said you are a Charterholder. |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 3:33pm On Jun 16, 2020 |
Tobex4realTobex234:A lot of people think bonds are safe havens. That is what ahiboilandgas is trying to re-orientate. You have to watch like a hawk so that at the sight of bad news,you cut your losses and regain your capital. Not that people shouldn't invest because of risks. No one said that. 3 Likes |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 3:34pm On Jun 16, 2020 |
ahiboilandgas: Exactly. No one should invest in what they don't understand. And I agree that risks are on different levels, but people also have different risk profiles. As we they here for Tbills thread, some people they for agric crowdfunding threads, some they forex threads, some are on betting threads looking for odds. To us, those things are more risky. To them, what we are doing here is less rewarding. It's okay to let people know of the basics of risk assessment but then we all have different risk profiles. 10 Likes 2 Shares |
Re: Treasury Bills In Nigeria by unite4real: 3:40pm On Jun 16, 2020 |
The amount of debt for the next quarter will definitely be lowered. Federal government has no maturing Bond for the next one year apart from the paltry savings bond. This will lower the debt service. The next Maturing bond is the 14.5% July 2021 Bond. Only coupons will be paid. I don't think the next 4 quarter reports from April this year will hit 800 Billion If u observed, DMO is already in favour of long term Bonds. 5 Likes |
Re: Treasury Bills In Nigeria by Philantropists: 3:46pm On Jun 16, 2020 |
The lifespan of Nigerian bonds will soon reach it's elastic limit, the debts has been stretched beyond limits, the country Nigeria won't be able to repay the debt in 250 years from now, it is too much debt, the solution for the government is to keep servicing. There will come a point when the foreign investors will carry their money then Nigeria will be left with local investors money, we are not far from it. Sukuk was to borrow N150 billion but they ended up borrowing N162 billion, what is the plan for the additional N12 billion? Nothing but to embezzle. It has happened in Zimbabwe, It has happened in Venezuela, it is happening now in Nigeria. Bonds are good in a growing economy but Nigerian economy is at decline phase. Recently i realized the money generated from 1 year bond period is what i can make within 6 months of investing at the right place, eye opener indeed. Obviously it is better to have your money work for you but there are better aspects that generates double. Recently i made N1.3m interest within 2 months doing nothing, this same amount i would have to wait one year with fixed bonds capital of N13m to generate that interest. In another 2 months i will make another 1.3m doing almost nothing, short term investment is a key to wealth multiplication. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 3:52pm On Jun 16, 2020 |
ukay2:i taught u dont make over analysis |
Re: Treasury Bills In Nigeria by Tobex4realTobex234(m): 3:53pm On Jun 16, 2020 |
Philantropists: |
Re: Treasury Bills In Nigeria by Nobody: 3:53pm On Jun 16, 2020 |
Theconglomerate: You're making a lot of sense today. Which ogogoro did you drink 8 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 3:53pm On Jun 16, 2020 |
We don de know una small small, for DMO related issues, you seem like the goto man. unite4real: 3 Likes |
Re: Treasury Bills In Nigeria by ojesymsym: 3:55pm On Jun 16, 2020 |
Chaii.. Una too like trouble. The truth is that he offers a different perspective only spoilt with his manner of delivery, bickering, expert opinion on things not sure of and insults. If you can somehow overlook those things, you can be fine. Nigsrdumb: 2 Likes |
Re: Treasury Bills In Nigeria by Nezzjnr: 3:58pm On Jun 16, 2020 |
I'm really learning a lot from you guys Please how about Water production Most people are saying that the market is too saturated |
Re: Treasury Bills In Nigeria by Wiseoldman: 4:07pm On Jun 16, 2020 |
Philantropists: Nigeria is not Zimbabwe, Nigeria is not Venezuela. The largest black nation on earth is too big to fail!!! 4 Likes |
Re: Treasury Bills In Nigeria by IyawoToBe(f): 4:13pm On Jun 16, 2020 |
Theconglomerate: Yes, bonds are a safe haven. I chose to see it as Treasury Bills with a longer tenure. If we can trust the government to return our capital after 90, 180, or 360 days, why can't we trust them with 7years given that most of us usually roll over our Treasury Bills investment during the good days? 3 Likes |
Re: Treasury Bills In Nigeria by Theconglomerate(m): 4:18pm On Jun 16, 2020 |
IyawoToBe:A lot can happen in 7 years if you ask me,but then... Risk appetite differs and I understand that. 3 Likes |
Re: Treasury Bills In Nigeria by Cyberknight: 4:19pm On Jun 16, 2020 |
Wiseoldman: Famous last words. I used to feel somewhat the same way, but given the quality of this government, anything can happen. Diversify, diversify, diversify, and hedge the naira risk. 2 Likes |
Re: Treasury Bills In Nigeria by ahiboilandgas: 4:27pm On Jun 16, 2020 |
Cyberknight:i never ever taught there will be a suicide bomber from Nigeria ....i use to think Nigerians cannot comit suicide......if govt borrow to build roads with suku then toll this raod to pay back over the bond period with some govt support then the road become free in 8 years time ....no endless borrowings to pay interest on bonds ....so there must be an elastic limits ... 2 Likes |
Re: Treasury Bills In Nigeria by Phyde: 4:43pm On Jun 16, 2020 |
Interest rates are really dropping. I'm sure MMFs are not exempted 1 Like
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Re: Treasury Bills In Nigeria by topsquino(m): 5:00pm On Jun 16, 2020 |
The way the global economy is going ehn. I'm having this bad feeling that in coming weeks, naira will lose more ground to dollars to 460, from 450. |
Re: Treasury Bills In Nigeria by Cyberknight: 5:02pm On Jun 16, 2020 |
Lol. Perhaps the end game is to take interest rates close to that of the UK (base rate is 0.1%, projected to hit zero by next quarter), and the US (federal funds rate is 0.25%) to compel "investors" to move out of safe harbours invest in the real economy the CBN keeps hyping. |
Re: Treasury Bills In Nigeria by noobs123: 5:04pm On Jun 16, 2020 |
You guys should leave people alone and let them invest in peace. Stop making people panic and Stop worrying of uncertainty. Not everyone will diversify or follow your mode of investing. Every damn thing is risky. The real estate risks: tenant defaulting rent, troublesome tenants, fire accident burning the whole building to scratch, (Nigeria insurance won’t pay full damages) vacant flats, land revoking and more land problems too. Investment in goods and services: no customers patronizing , goods expiring, accidents, theft. Stock risks: global Stock crashes, company making loss. Euro bonds: anything can happen to dollar too, example WAR can crash dollar too or naira gaining and inability of government to pay back in $$ or $$ unavailability. We are all living in uncertainty. Diversity is good but not everyone will do that. People are scared of losing their hard earned money and some are even scared to buy $$ as anything could go wrong with their money in the process or they could fall into fraudster. You guys should stop preaching every minutes like people that invested all their fund in FGN bond committed a crime and as if Nigeria or naira would collapse tomorrow. 21 Likes 1 Share |
Re: Treasury Bills In Nigeria by AdaoraNK(f): 5:15pm On Jun 16, 2020 |
Sholapey: Lol... You will have to keep your 'torchlight' on, steady. |
Re: Treasury Bills In Nigeria by Nobody: 5:20pm On Jun 16, 2020 |
FGN Bonds Primary Market Auction will hold tomorrow, Wednesday, with a total offer of N165.0bn across the 5, 15 and 30 years tenors; Minimum: above N50 million 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:33pm On Jun 16, 2020 |
noobs123:u are under no obligations to read it .....just assume they are blank pages ... 2 Likes |
Re: Treasury Bills In Nigeria by unite4real: 5:38pm On Jun 16, 2020 |
Barrytone: N40,000,000,000 - 12.75% FGN APR 2023 (5-Yr Re-opening)* N50,000,000,000 - 12.50% FGN MAR 2035 (15-Yr Re-opening)* N60,000,000,000 - 12.98% FGN MAR 2050 (30-Yr Re-opening)* It's 150B actually 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 5:45pm On Jun 16, 2020 |
unite4real: Thanks for the update, I don't have 50m handy at the moment. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 5:56pm On Jun 16, 2020 |
Sholapey:sure i have some holdings too .thank God we are sell in the secondary markets ...we we are not comfortable with pay back abilities 1 Like |
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