@@rachnkem832 strange because this is a link to another UA-cam video so should open. May be a youtube glitch. Send me an email to floflofinance@gmail.com Registration closes today.
This lady is very authentic, intelligent and down to earth 🌍. This is the first Nigerian that is so natural and doesn’t try to fake American 🇺🇸 accent or British accent that we have become accustomed to . Even Nigerians in China 🇨🇳, Russia 🇷🇺, will fake Our American 🇺🇸 accent when those countries don’t speak 🗣️ English! Keep it up Flo
Great to see an African, a Nigerian lady saying something professionally beneficial and different from the "jetsam and flotsam gossips" by the "Shipwrecked." Congratulations!
Brilliant points ma'am. I use zenith bank for my TB but secondary market though. They've never returned my money and the process is simple.That's why I love it and surprisingly they don't charge Withoding Tax.
For those of us disputing that NTB are subject to WHT, kindly note that the exemption granted for WHT lapsed on 2nd January 2022. Thereafter, income on FGN short term securities (NTBs), corporate bonds, state government and local government bonds are subject to the 10% WHT. So madam Flo is on point.
Thank you ooo! That's how you know people who have too much money. 😂 If they invested in Treasury bills post 2022, it means they don't even notice the deductions.
NTBs are also exempt from WHT ... I also doubt if banks deduct any charges (I've never experienced it). BTW, either instrument is fine; it all depends on the investor's taste and how they want their finances set up. Great job though!
No NTB are no longer exempt from WHT. The exemption grace expired at end of 2021. Consequently, IFRS issued a guideline that they are now subject to 10%
@@babsola6509 I've done both primary and secondary NTB markets and it's just safekeeping and transaction charges that were deducted (abi somebody dey dash me money from Cadoso office?)
If only naira can be stable Treasury bills/ bonds will make a lot more sense. But with the way naira is losing value no one knows the value of naira when Treasury bills will mature. I’ll rather invest in dollar bonds or dollar high yielding interest account. But If you earn in Naira treasury bills and bonds are still better than leaving your money in the bank.
Certain SEC-approved fintech companies, including the Bamboo App, PiggyVest App, AIICO Investment App, and Seed App by Anchoria Asset Management, offer investment opportunities in Eurobonds, also known as dollar bonds.
@@emekawilliams4333: Similar to investing in FGN Bonds & TB but much easier. You can invest through US online trading platforms like Vanguard, Charles Schwab, T Rowe Price, etc. You need a US bank to fund your account. Rates are approx 4.5 - 5%.
@@emekawilliams4333 Reach out to your brokers/ banks to invest in Eurobonds or dollar corporate bonds. Standard chartered bank is better resourceful that GT in my experience
Wow,I love your page so much.I stumbled on it 2 days ago and I’ve been watching your videos back to back.How I wish I knew about your page much earlier…please when is the FGN savings bond expiring so that I can apply?
A lesson i learnt was on interest rate. If they say 20% for 295 days, the 20% is per annum which is actually 365 days. So if you invest 100k at 20% for 295 days, your interest is not 20k because the duration is 295 days not 365 days. Your interest is 295/365 × 20% × 100K = N16,164.38
Ahhh, the most common trap that people fall into. 😂 Especially with the 91-day and 182-day and 294-day ones. They will press calculator without considering that the interest is for a whole year.
Another lesson: they might say your yield is 20% but your implied yield is 26% which is pretty high. The implied yield of 26% means that if they give you your upfront interest of 20% and you reinvest it at that rate of 20%, your total yield (interest + reinvested interest) at the end of the tenor could amount to 26%
"A bond mutual fund " gives low income buyers a chance to participate in FG bond purchase, when you buy into such mutual funds that pool participants money and purchase bonds!
Wow. I can't believe I've been getting massive value from this channel without subscribing all these while!!! I just smashed the subscribe button now ☺ Thank you so much for not hoarding the valuable information you share from time to time. It really means a lot to me, and I'm fully convinced that's other viewers experience. Once again, thank you ma'am!
I would like to clarify that your statement regarding a 10% withholding tax on Treasury bills is incorrect. Currently, Treasury bills are exempt from any withholding tax. This information can be easily verified through various reliable sources. Some financial Institutions have what they call Custody fee which is considerably very little.
@okontaogwo5601 Thank you, my brother, for this clarification. Like Flo always says, she's learning too. Haha. Hope she got this one now. Since it's a short-term investment, i go put one leg to check am. I've been looking at it for a while, though
@FloFinance Indeed, both Treasury Bills and FGN Bonds have been subject to taxation at various points in the past. However, my primary focus is on the current situation, where the recent interest rate hike has impacted both instruments. Specifically, Treasury bills, which are my preferred investment vehicle, are currently exempt from withholding tax. It is essential to recognize that these investments are akin to clothing options, where individuals should select the one that best aligns with their unique style and preferences. In my opinion, it is inappropriate to favor one investment over the other. As I previously mentioned in my now-removed post, a personalized approach is crucial in the realm of personal finance, as different financial instruments cater to diverse individual needs. The ultimate goal should be to construct a well-diversified portfolio capable of generating consistent passive income streams.
Sign up for the Investment Bootcamp: ua-cam.com/video/i7iR8DURxMM/v-deo.html
Can't open the site
Can't open site
@@rachnkem832 strange because this is a link to another UA-cam video so should open. May be a youtube glitch. Send me an email to floflofinance@gmail.com Registration closes today.
Flo can’t access the website 🤔
Probably l am late
This lady is very authentic, intelligent and down to earth 🌍. This is the first Nigerian that is so natural and doesn’t try to fake American 🇺🇸 accent or British accent that we have become accustomed to . Even Nigerians in China 🇨🇳, Russia 🇷🇺, will fake Our American 🇺🇸 accent when those countries don’t speak 🗣️ English! Keep it up Flo
I like her. She is real!
This is a perfect description of her. She is a good wife material ❤
She is not a fake teacher.
You sure say she never marriage
Great to see an African, a Nigerian lady saying something professionally beneficial and different from the "jetsam and flotsam gossips" by the "Shipwrecked." Congratulations!
Brilliant points ma'am.
I use zenith bank for my TB but secondary market though. They've never returned my money and the process is simple.That's why I love it and surprisingly they don't charge Withoding Tax.
Pls what is the minimum u can invent with zenith bank
Pls what is the minimum ZENITH bank accept for TB
This is the video I have been searching for. Thank you Flo for the education 🙏🏽
Always coming up with the facts! 👏🏽
Thanks Flo for this enlightenment on treasury bills .didnt know you have to pay withholding taxes on TB's.
Hermana mayor, apreciamos el amor que nos muestras aquí. Más bendiciones y más bolsas de efectivo a tu cuenta bancaria.❤
For those of us disputing that NTB are subject to WHT, kindly note that the exemption granted for WHT lapsed on 2nd January 2022. Thereafter, income on FGN short term securities (NTBs), corporate bonds, state government and local government bonds are subject to the 10% WHT.
So madam Flo is on point.
Thank you ooo! That's how you know people who have too much money. 😂 If they invested in Treasury bills post 2022, it means they don't even notice the deductions.
You are so detailed! Thank you Flo.
Thanks for this info. You saved me a lot. Now I know where to focus on
Flo, your contents are very impressive and educating. Thanks for the great contents created to educate those of us in diaspora.
My pleasure!
You are doing us such a great deal, ma'am. Thank you very much.
I just subscribe 🎉 to your channel because of the way you sound and your mindset..❤
NTBs are also exempt from WHT ... I also doubt if banks deduct any charges (I've never experienced it). BTW, either instrument is fine; it all depends on the investor's taste and how they want their finances set up. Great job though!
No NTB are no longer exempt from WHT. The exemption grace expired at end of 2021. Consequently, IFRS issued a guideline that they are now subject to 10%
@@babsola6509 I've done both primary and secondary NTB markets and it's just safekeeping and transaction charges that were deducted (abi somebody dey dash me money from Cadoso office?)
If only naira can be stable Treasury bills/ bonds will make a lot more sense. But with the way naira is losing value no one knows the value of naira when Treasury bills will mature. I’ll rather invest in dollar bonds or dollar high yielding interest account. But If you earn in Naira treasury bills and bonds are still better than leaving your money in the bank.
How do you invest in Dollar bonds?
Any idea of the interest rates?
Certain SEC-approved fintech companies, including the Bamboo App, PiggyVest App, AIICO Investment App, and Seed App by Anchoria Asset Management, offer investment opportunities in Eurobonds, also known as dollar bonds.
@@emekawilliams4333: Similar to investing in FGN Bonds & TB but much easier. You can invest through US online trading platforms like Vanguard, Charles Schwab, T Rowe Price, etc. You need a US bank to fund your account. Rates are approx 4.5 - 5%.
@@emekawilliams4333 Reach out to your brokers/ banks to invest in Eurobonds or dollar corporate bonds. Standard chartered bank is better resourceful that GT in my experience
Thank you for always sharing vital information to us 👏
More wisdom and knowledge kudos
Nice one, very educative. Thank you very much.
Nice video. Good intro. The copier and pastiers dey give you watch hour and revenue too....Leave them. Good of you. My first time here....
I’m grateful for the information ma
Thank you so much for another amazing and informative video
Thanks. This was helpful.
Thank you for this video.❤
Wow, thought u only did food vlogs,nice 1❤
Wow,I love your page so much.I stumbled on it 2 days ago and I’ve been watching your videos back to back.How I wish I knew about your page much earlier…please when is the FGN savings bond expiring so that I can apply?
Oh I just checked,August 16th
Thanks for the information.
I love your spirit. God bless you.
No withholding tax on treasury bills investment in nigeria. It is same as the FGN bond.
Tbills are a discount payable upfront.
@Flo, I missed your boot camp.. abeg let's have our own class/interview
Pls how are we going to know when we can invent in FGN bonds
Thank u very much for the information. God bless you
how do I get a stock broker
Is FB Bond 100% guaranteed?
Thank you so much ma'am, Good bless you 🙏 please what the difference between FGN Bonds and Treasury bills interest rate ma?
Please is it advisable to invest only electronically?
The Lord is your strength
I would love to register but I'm just seeing this video. Is it too late ?
Nice one
How do I invest in FGN Bond?
Chai! I came late Sha 😢😢
how do I invest in fgn bond
Tanx
How can one invest in FGN bonds
Nice 👍
How can I invest in fg bonds
PLEASE, HOW MUCH IS THE MINIMUM AMOUNT FOR INVESTING IN FGN SAVINGS BONDS?
AND HOW MUCH IS THE INTEREST RATE?
Watch this playlist: ua-cam.com/video/z49RvM-JKoQ/v-deo.html for EVERYTHING you need to know about FGN Bonds.
Am I late Flo..... today is Saturday
What is the minimum to invest in FGN bonds?
5000
Pls ma i need the subscription link for the federal government saving bond August, 2024
Flo is so funny😂😂😂
Miss flo how can I have a private talk with you please?
A lesson i learnt was on interest rate. If they say 20% for 295 days, the 20% is per annum which is actually 365 days. So if you invest 100k at 20% for 295 days, your interest is not 20k because the duration is 295 days not 365 days. Your interest is 295/365 × 20% × 100K = N16,164.38
Ahhh, the most common trap that people fall into. 😂 Especially with the 91-day and 182-day and 294-day ones. They will press calculator without considering that the interest is for a whole year.
@@FloFinance One time I took from my 17% mutual fund to do 13% TB for 182 days thinking they would give me 13% of my capital. I almost cried 😢
Chai o ... and the revocation fees you must have paid on the Mutual Funds. Sorry ooo, we invest and learn.
This lady is a national treasure
Another lesson: they might say your yield is 20% but your implied yield is 26% which is pretty high.
The implied yield of 26% means that if they give you your upfront interest of 20% and you reinvest it at that rate of 20%, your total yield (interest + reinvested interest) at the end of the tenor could amount to 26%
Over-sense der worry you! 😂
@@FloFinance 😆😆
"A bond mutual fund " gives low income buyers a chance to participate in FG bond purchase, when you buy into such mutual funds that pool participants money and purchase bonds!
Wow. I can't believe I've been getting massive value from this channel without subscribing all these while!!!
I just smashed the subscribe button now ☺
Thank you so much for not hoarding the valuable information you share from time to time.
It really means a lot to me, and I'm fully convinced that's other viewers experience.
Once again, thank you ma'am!
Your information on tbill is not correct
You should have just listed all those wrong things she said. Instead of dropping a vague comment and disappearing. 🙄
I would like to clarify that your statement regarding a 10% withholding tax on Treasury bills is incorrect. Currently, Treasury bills are exempt from any withholding tax. This information can be easily verified through various reliable sources. Some financial Institutions have what they call Custody fee which is considerably very little.
@okontaogwo5601 Thank you, my brother, for this clarification. Like Flo always says, she's learning too. Haha. Hope she got this one now.
Since it's a short-term investment, i go put one leg to check am. I've been looking at it for a while, though
Okonta are you speaking from a recent Treasury Bills investment?
@FloFinance Indeed, both Treasury Bills and FGN Bonds have been subject to taxation at various points in the past. However, my primary focus is on the current situation, where the recent interest rate hike has impacted both instruments. Specifically, Treasury bills, which are my preferred investment vehicle, are currently exempt from withholding tax. It is essential to recognize that these investments are akin to clothing options, where individuals should select the one that best aligns with their unique style and preferences. In my opinion, it is inappropriate to favor one investment over the other. As I previously mentioned in my now-removed post, a personalized approach is crucial in the realm of personal finance, as different financial instruments cater to diverse individual needs. The ultimate goal should be to construct a well-diversified portfolio capable of generating consistent passive income streams.
@Flofinance please recommend the best stock brokers
I am interested in FGN bonds. Kindly share your WhatsApp number so that I can contact you. Thanks for the teaching on FGN bonds vs Treasury bills