Fixed Income Investments

[dynamicd]

Greetings all,a marketer with one of the stockbroking/finance firms, just informed me of an investment product on offer at her firm that gives a 5% percent return monthly,on investment of a minimum of one million naira.This sounded to good to be true as even with the high interest rates banks are offering the highest return you can get from investing 1m for one month in a fixed deposit is 1% about N10000.

Being a novice investor I need advice an information from senior members as follows:

1.Is it possible for stock broking firms?/finance to give such high returns considering the state the market is in which is their main business.

2.Are stock brokers/finance houses allowed to collect deposits from public?and how secure is a persons investment with such firms?What legal protection does one half if the firm goes under?

3.I need information about products in nigeria or overseas that guarantee a resonable income return on a monthly bases for a retired relative!the emphasis here is a low risk(capital preservation)but attractive return.

thanks in advance!

[donchisel]

Originally Posted by dynamicd

Greetings all,a marketer with one of the stockbroking/finance firms, just informed me of an investment product on offer at her firm that gives a 5% percent return monthly,on investment of a minimum of one million naira.This sounded to good to be true as even with the high interest rates banks are offering the highest return you can get from investing 1m for one month in a fixed deposit is 1% about N10000.

Being a novice investor I need advice an information from senior members as follows:

1.Is it possible for stock broking firms?/finance to give such high returns considering the state the market is in which is their main business.

2.Are stock brokers/finance houses allowed to collect deposits from public?and how secure is a persons investment with such firms?What legal protection does one half if the firm goes under?

3.I need information about products in nigeria or overseas that guarantee a resonable income return on a monthly bases for a retired relative!the emphasis here is a low risk(capital preservation)but attractive return.

thanks in advance!

Which stock brocking firm is that?
Do they have the product advert on the web or somewhere??

[knightofdelta]

Originally Posted by dynamicd

Greetings all,a marketer with one of the stockbroking/finance firms, just informed me of an investment product on offer at her firm that gives a 5% percent return monthly,on investment of a minimum of one million naira.This sounded to good to be true as even with the high interest rates banks are offering the highest return you can get from investing 1m for one month in a fixed deposit is 1% about N10000.

Being a novice investor I need advice an information from senior members as follows:

1.Is it possible for stock broking firms?/finance to give such high returns considering the state the market is in which is their main business.

2.Are stock brokers/finance houses allowed to collect deposits from public?and how secure is a persons investment with such firms?What legal protection does one half if the firm goes under?

3.I need information about products in nigeria or overseas that guarantee a resonable income return on a monthly bases for a retired relative!the emphasis here is a low risk(capital preservation)but attractive return.

thanks in advance!

5% return monthly is a lot of money in the Nigerian financial terrain at the moment because that will equate 60% return in a year. With the present trend, it sounds almost impossible. Even foreign portfolio managers go gaga when they are able to make over 30% return in a year with stable and less precarious investment vehicles.

I am not saying it is impossible, but it will be good if you can get the details of how they intend to invest the money. Commodity futures is a good foreign source of income at the moment, so it might just be do-able.

[hispy99]

Originally Posted by dynamicd

Greetings all,a marketer with one of the stockbroking/finance firms, just informed me of an investment product on offer at her firm that gives a 5% percent return monthly,on investment of a minimum of one million naira.This sounded to good to be true as even with the high interest rates banks are offering the highest return you can get from investing 1m for one month in a fixed deposit is 1% about N10000.

Being a novice investor I need advice an information from senior members as follows:

1.Is it possible for stock broking firms?/finance to give such high returns considering the state the market is in which is their main business.

2.Are stock brokers/finance houses allowed to collect deposits from public?and how secure is a persons investment with such firms?What legal protection does one half if the firm goes under?

3.I need information about products in nigeria or overseas that guarantee a resonable income return on a monthly bases for a retired relative!the emphasis here is a low risk(capital preservation)but attractive return.

thanks in advance!

be very careful..guaranteed 60% a year? what kind of business are they into that they'll guarantee you 60% per year? shine your eyes well

[olusolakemmy]

Originally Posted by dynamicd

Greetings all,a marketer with one of the stockbroking/finance firms, just informed me of an investment product on offer at her firm that gives a 5% percent return monthly,on investment of a minimum of one million naira.This sounded to good to be true as even with the high interest rates banks are offering the highest return you can get from investing 1m for one month in a fixed deposit is 1% about N10000.

Being a novice investor I need advice an information from senior members as follows:

1.Is it possible for stock broking firms?/finance to give such high returns considering the state the market is in which is their main business.

2.Are stock brokers/finance houses allowed to collect deposits from public?and how secure is a persons investment with such firms?What legal protection does one half if the firm goes under?

3.I need information about products in nigeria or overseas that guarantee a resonable income return on a monthly bases for a retired relative!the emphasis here is a low risk(capital preservation)but attractive return.

thanks in advance!

get the marketers point very well,
what he probable meant is that, they will give you 5% annualised interest monthly
that means, if you drop 1m, you get 50000/12=4166, after whic they will deduct different charges

i can bet thats what the person is saying, it is just a fix deposit which the is very attainable, they can put the money themselves in a bank's fixed deposit at 12% and above since they will be making huge deposit, then they give 5% to you.

but the good news is that, as we all know it, you and i can also work into a bank and get such deal

[Michael]

Originally Posted by olusolakemmy

get the marketers point very well,
what he probable meant is that, they will give you 5% annualised interest monthly
that means, if you drop 1m, you get 50000/12=4166, after whic they will deduct different charges

i can bet thats what the person is saying, it is just a fix deposit which the is very attainable, they can put the money themselves in a bank's fixed deposit at 12% and above since they will be making huge deposit, then they give 5% to you.

but the good news is that, as we all know it, you and i can also work into a bank and get such deal

There really is nothing lucrative about what you have described. I would rather believe that what they explained is 5% per month and that they intended to swindle our forumn member. I am sure you can get 5% per annum on a savings account, and even some Current accounts like (GT Max). Talking Fixed deposits is even going too far. Tell them to put it in writing and lets take a walk to EFCC.

[olusolakemmy]

Originally Posted by Michael

There really is nothing lucrative about what you have described. I would rather believe that what they explained is 5% per month and that they intended to swindle our forumn member. I am sure you can get 5% per annum on a savings account, and even some Current accounts like (GT Max). Talking Fixed deposits is even going too far. Tell them to put it in writing and lets take a walk to EFCC.

it is possible that it is the guy that didnt ask question to really clarify what he was hearing.

anyway, we thank GOD he made enquiry from us before putting down his money.

[Michael]

Originally Posted by olusolakemmy

it is possible that it is the guy that didnt ask question to really clarify what he was hearing.

anyway, we thank GOD he made enquiry from us before putting down his money.

This is the place to be for both new and old investors.

[olusolakemmy]

Originally Posted by Michael

This is the place to be for both new and old investors.

yeah right