Tweet

Ayodeji Ebo

Jun 4 • 4 tweets • 2 min read

Invest as little as N5,000 in FGN Savings Bonds and enjoy good significantly higher returns than T-Bills.

Interest is paid quarterly directly to your bank account.
The Auction holds monthly

PS: Not financial advice

#getfinanceandinvestmenttips #investmenttips #investments
1m

@Afrinvest

Pease contact your stockbroker and if you don’t have one, you can send an email to @Afrinvest , brokerageteam@afrinvest.com to assist you with the process. Stockbrokers are appointed receiving agents for Savings Bonds. Thanks

I will create a thread today at 6.00pm on Investing in FGN Savings Bonds to provide more understanding and highlight the opportunities. Will also respond to questions. Thank you

This thread is on Investing in FGN Savings Bonds with as little as N5,000.

https://twitter.com/eboayodeji/status/1533494055941951490?s=20&t=ApsHkIZPHyKBdwiRnswKuw

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @eboayodeji

Ayodeji Ebo

@eboayodeji

Jun 5

How does high inflation affect you and what should you do?
1/ If you kept N1,000,000 in your savings account without investing in the last year, with inflation at 16.82% -April 2022, savings will be worth N814,000 in real terms signifying a loss of purchasing power of N186,000.

2/ However, If you had invested in a fixed income instrument even at 5% per annum, the loss in purchasing power will be reduced by N50,000.

3/ The focus should be on how to reduce the impact of inflation on your savings by never leaving your money idle, even if the potential return will not completely compensate you for high inflation.

Read 4 tweets

Ayodeji Ebo

@eboayodeji

Jun 5

This thread is on Investing in FGN Savings Bonds with as little as N5,000.

#getfinanceandinvestmentip #savingsbonds

1/ What is FGN Savings Bond?
A savings bond is a government bond/financial instrument used to borrow money from retail investors. It is considered one of the safest investments because they are backed by the full faith & credit of the FG.

2/ Similar to a typical bond, when you buy a savings bond, you're effectively lending your money to the government at a fixed rate of interest, with the government responsible for returning the loan in full plus interest.

Read 25 tweets

Share this page!

Ayodeji Ebo

People who liked this thread also liked...

Try unrolling a thread yourself!

More from @eboayodeji

Ayodeji Ebo

Ayodeji Ebo

Did Thread Reader help you today?

Don't want to be a Premium member but still want to support us?