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Ayodeji Ebo Profile picture
Ayodeji Ebo
@eboayodeji
Business Strategist| Economist| Financial Literacy | Investment Professional | Views are strictly mine | RT not necessarily a secondment | It's all about Jesus♡
Jun 5, 2022 • 4 tweets • 1 min read
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.
Jun 5, 2022 • 25 tweets • 5 min read
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.
Jun 4, 2022 • 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 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