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Nairaland Forum / Nairaland / General / Investment / Treasury Bills In Nigeria (4656558 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 Leezah(f): 11:04am On Jul 02, 2020 |
unite4real:These is one major problem I have with Nigeria. |
Re: Treasury Bills In Nigeria by Leezah(f): 11:05am On Jul 02, 2020 |
ahiboilandgas:It is not, when it started I just did for few months cash out and started looking at them. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:12am On Jul 02, 2020 |
Leezah: Good luck, you can continue. It will be better to reinvest your earnings so that you can derive the benefits of compound interest from such investments. So that your N1 millon will grow to N20 million in 10 years at a compound annual growth rate of 35% 4 Likes |
Re: Treasury Bills In Nigeria by Leezah(f): 11:14am On Jul 02, 2020 |
Continue ke, No be me joor. emmanuelewumi: |
Re: Treasury Bills In Nigeria by arduino: 11:28am On Jul 02, 2020 |
Leezah:I have neighbours whose savings have been agriculturally digitalized with nothing to show for it. They are now begging for only their capital but still hearing stories from the promoters everyday. 8 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:11pm On Jul 02, 2020 |
arduino:. No matter what don't invest all your funds, people got to know the reason why during this lockdown 1 Like |
Re: Treasury Bills In Nigeria by pluto09(m): 12:44pm On Jul 02, 2020 |
ahiboilandgas: That is how it is...sharing profit will be more realistic. Nothing is guaranteed in agriculture in Nigeria. 1 Like |
Re: Treasury Bills In Nigeria by ositadima1(m): 12:46pm On Jul 02, 2020 |
ahiboilandgas: It is doable. Let's assume he started lecturing at 24. For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 . Assuming he is good at investing in real estate and stocks. 11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! . That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this. 4 Likes |
Re: Treasury Bills In Nigeria by pluto09(m): 12:52pm On Jul 02, 2020 |
ositadima1: A young lecturer in Nigeria does not earn 300k as salary . 5 Likes |
Re: Treasury Bills In Nigeria by Grupo(m): 12:56pm On Jul 02, 2020 |
pluto09: I wanted to point that out as well. Well, maybe he's being hypothetical. |
Re: Treasury Bills In Nigeria by Leezah(f): 1:01pm On Jul 02, 2020 |
ositadima1:Lol in Nigeria ke except multinational or Big "4" |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:05pm On Jul 02, 2020 |
ositadima1:he told me he started in 1989 after his phd .he also had side business and also used his car loan to add to the portfolio....it been 32 years of investing and reinvesting... 5 Likes |
Re: Treasury Bills In Nigeria by IamR: 1:06pm On Jul 02, 2020 |
ositadima1:Use 115k for assistant lecturer and 100k for a graduate assistant. |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:08pm On Jul 02, 2020 |
Grupo: I was being hypothetical sha, I started work with less, I have already saved-up more than that in 10 years. I am not a lecturer though. It now remains the investment part and the 36 years for compounding and God on my side.. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:08pm On Jul 02, 2020 |
ositadima1: A lecture can also have side businesses, consultancy jobs etc. But the man made most of his money from good Investments he made in the capital market and real estate in the past 30 years |
Re: Treasury Bills In Nigeria by unite4real: 1:15pm On Jul 02, 2020 |
ositadima1: This is a classical case of a chicken seller and a chicken buyer. A chicken seller lifts his chicken up, spread both wings and made it look big and says " buy my big chicken for N4,000". The chicken buyer collects the sample chicken from the seller, closes both wings and holds it by the sides and says " but this ur chicken no too big na, I go pay 1k." Another classic case is a man who buys an 18 seater danfo bus @1,000,000 naira for transport business. He calculates that each passenger from point A to Last bus stop pays N200. 18 passengers fills the bus At all trips. Each trip will be N3,600. Round trip is N7,200. 10 round trips in a day will be N72,000. In one month is approx 2M. So every month he buys 2 more danfo. Each Danfo produces 2 danfos every month. After 12 months, you now have 1+2+4+8+16+32+......... Which is almost 4,000 danfo buses. These cases make people jump into some kind of euphoria when they make up such calculations without minding the lessons life can teach you in the process. He cannot get 35% every year for 20 years unscathed. 35 Likes 1 Share |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:19pm On Jul 02, 2020 |
unite4real: U made alot of sense, but, the 35% is an average. Some years maybe 10% some others it can be up to 70% but averaging out over the 20 years he expects 35% . Even 200% is also possible in a given year. It is doable. If not, how did these rag to riches we hear about get there? I mean d honest ones. |
Re: Treasury Bills In Nigeria by Grupo(m): 1:23pm On Jul 02, 2020 |
ositadima1: Okay. Makes sense. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:23pm On Jul 02, 2020 |
unite4real: Not possible, to have 35% average returns. Any Investment that will give 15% to 20% average return is not doing badly at all. N1 million at a compound annual growth rate of 35% will grow to N20 million in 10 years, N400 million in 20 years and N8 billion in 30 years. 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:26pm On Jul 02, 2020 |
ositadima1: Better to have a realistic projection and be pleasantly surprised, than over estimating your returns and later find out that you under performed. 13 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:31pm On Jul 02, 2020 |
emmanuelewumi: That's true Sir. For those who can; It is better to aim high and miss than to aim low and hit. 1 Like |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:33pm On Jul 02, 2020 |
IamR:divide the calculation by 3 .....for salary of 100k and divide by 6 for salary of 50k |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:36pm On Jul 02, 2020 |
emmanuelewumi:oga the return on Tier 1 banks is within that range of 25 percent? |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:39pm On Jul 02, 2020 |
ositadima1: For prudency and risk management sake, it is better to underestimate your returns and exceed your projections. Rather than overestimating our projections and under perform. That is the mistake made by majority of young entrepreneurs, they only look at the rewards but ignore the risks. No wonder a great percentage of them fail 12 Likes 1 Share |
Re: Treasury Bills In Nigeria by IamR: 1:39pm On Jul 02, 2020 |
ahiboilandgas:Correct. |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:40pm On Jul 02, 2020 |
emmanuelewumi: And yet in the previous pages on this thread, you and some other posters have mentioned people that did the same impossible. I wonder if the reason it is hard to accept or swallow same, in the form I presented it, is because I broke it down with real numbers. 2 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:41pm On Jul 02, 2020 |
ahiboilandgas: What is the basis of this return? Are you talking about them growing their profits by 25% every year? Zenith bank made profit after tax of over N200 billion in 2019, does that mean they will grow it by 25% in 2020 by making a profit after tax of N250 billion |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 1:44pm On Jul 02, 2020 |
ositadima1: Possible with small funds and businesses. We are talking about returns from multi billion naira businesses. |
Re: Treasury Bills In Nigeria by ositadima1(m): 1:48pm On Jul 02, 2020 |
emmanuelewumi: Ok, I see. |
Re: Treasury Bills In Nigeria by ahiboilandgas: 1:59pm On Jul 02, 2020 |
Funny enough an investment of 100m in 2015 used to buy 10 trucks at 10m each generating 500k permonth has generated only 220m in 5 years ....if i now take out depreciation and sell all the trucks todays at 6m each it will be 50m ....so in five years i have 260m and grey hairs while my oga invested in 5000sqm land facing an express way within an urban area and sold for 280m without any stress .....i ended up creating jobs for tyre sellers ,vulcanizer,spare part dealers,drivers ,motor boys and operations staff....insurance firms ......while my mentor was busy attending board meetings in 5 star hotels me i was busy doing shouting match and galvanizing around depots 8 Likes |
Re: Treasury Bills In Nigeria by ositadima1(m): 2:06pm On Jul 02, 2020 |
ahiboilandgas: Economists call it opportunity cost. It is the job of d investor to compare investments and attempt to seek the ones with the most returns vs risk. 1 Like |
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