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Treasury Bills Investing-Procedure?
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Maili Valu
#1 Posted : Tuesday, October 11, 2011 7:59:46 AM
Rank: Hello


Joined: 10/11/2011
Posts: 2
hello guyz..

1. how do i get to open an account for t-bills?

2. can i do it through a proxy? i live in rwanda.

3. Minimum amount is 100k. right?


After much thought and self searching, and a bit of calculations, I have come to the realization that I can invest in 91day t-bills and roll over to new subsequent issues and effectively earn an interest of about 50% p.a

my assumptions ,not professionally certain, are the lowest interest will be until august next year is 13%, plus its an election year, plus a huge public budget deficit.

or could i be missing something?
merci.
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wanyuru
#2 Posted : Tuesday, October 11, 2011 8:19:12 AM
Rank: Veteran


Joined: 11/29/2007
Posts: 948
Maili Valu wrote:
hello guyz..

1. how do i get to open an account for t-bills?

2. can i do it through a proxy? i live in rwanda.

3. Minimum amount is 100k. right?


After much thought and self searching, and a bit of calculations, I have come to the realization that I can invest in 91day t-bills and roll over to new subsequent issues and effectively earn an interest of about 50% p.a

my assumptions ,not professionally certain, are the lowest interest will be until august next year is 13%, plus its an election year, plus a huge public budget deficit.

or could i be missing something?
merci.


Maili Valu, you can do it from Rwanda...follow the RINK
http://www.centralbank.g...ties/KenyansAbroad.aspx

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me&myself
#3 Posted : Tuesday, October 11, 2011 9:56:57 AM
Rank: New-farer


Joined: 7/22/2010
Posts: 15
Location: Nairobi
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...
Do things simply;
Even better,
Do simple things
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trizher
#4 Posted : Tuesday, October 11, 2011 2:30:14 PM
Rank: New-farer


Joined: 5/23/2010
Posts: 95
Location: Tikrit - IRAQ
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.
...We do it for the $$$$!!
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me&myself
#5 Posted : Tuesday, October 11, 2011 2:50:00 PM
Rank: New-farer


Joined: 7/22/2010
Posts: 15
Location: Nairobi
@ Trizher

Correct, this should help...

http://www.centralbank.g...bills/Introduction.aspx
Do things simply;
Even better,
Do simple things
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the deal
#6 Posted : Tuesday, October 11, 2011 3:13:29 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.

Sad Sad
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hisah
#7 Posted : Tuesday, October 11, 2011 3:53:56 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
the deal wrote:
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.

Sad Sad


While the average savings rate is 1.37%pa (Aug 2011) so the monthly rate is peanuts... The bank deposit rate is 4.07%pa (Aug 2011) thus the monthly rate is still peanuts...
The idea is to rollover the T-bill as the rates keep spiking beyond the annual average inflation for September currently at 10.18 per cent. Note this is not the monthly rate which is 17.3% at the moment.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Impunity
#8 Posted : Tuesday, October 11, 2011 3:54:53 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,325
Location: Masada
@the deal, yes but its still better than the 4% almost all banks are willing to offer for fixed saving.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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the deal
#9 Posted : Tuesday, October 11, 2011 3:59:22 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Impunity wrote:
@the deal, yes but its still better than the 4% almost all banks are willing to offer for fixed saving.

Sad Sad
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amolo
#10 Posted : Tuesday, October 11, 2011 6:01:11 PM
Rank: Member


Joined: 1/29/2007
Posts: 70
Another important thing is T Bills pay interest IN ADVANCE. Technically this means you can re-invest the interest the following week to earn interest on the interest. With a bit of luck depending on how you bid you can get interest rates above weighted average for the week (which is used for non competetive bids). 14.836% was weighted average of accepted bids for last week. Some people got higher interest, some lower according to how they bid. If you do not want to risk missing bid AVERAGE.
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the deal
#11 Posted : Tuesday, October 11, 2011 8:52:16 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
If u know how to cal bond prices at Par, discount and premium then I welcome u to bond trading
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MatataMingi
#12 Posted : Tuesday, October 11, 2011 9:35:00 PM
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Joined: 11/17/2009
Posts: 395
Location: Where everyone knows you
@deal. ???? Ofcourse we know. What is your question
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the deal
#13 Posted : Wednesday, October 12, 2011 7:40:53 AM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
MatataMingi wrote:
@deal. ???? Ofcourse we know. What is your question

Stocks are my bread and butter...we should exchange email's...i pretty weak on fixed income securitiessmile
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Eric_Nyamu
#14 Posted : Monday, December 19, 2011 9:56:16 AM
Rank: New-farer


Joined: 10/6/2011
Posts: 84
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.


wooooooW 91 day is now at 18% !!!!! thats 6% per month in a bear market way better than fixed deposit a/c
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hisah
#15 Posted : Monday, December 19, 2011 10:34:25 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Eric_Nyamu wrote:
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.


wooooooW 91 day is now at 18% !!!!! thats 6% per month in a bear market way better than fixed deposit a/c

18% pa cannot be 6% pm. Aje sasa... And of course it pays better than fixed deposit. Treasury will continue being a better payer than banks for some time until the takataka siringi is completely creamed off the system.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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QW25081985
#16 Posted : Monday, December 19, 2011 10:41:33 AM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hisah wrote:
Eric_Nyamu wrote:
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.


wooooooW 91 day is now at 18% !!!!! thats 6% per month in a bear market way better than fixed deposit a/c

18% pa cannot be 6% pm. Aje sasa... And of course it pays better than fixed deposit. Treasury will continue being a better payer than banks for some time until the takataka siringi is completely creamed off the system.


lol. didnt know it p.a but still high though i agree
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VituVingiSana
#17 Posted : Monday, December 19, 2011 11:30:53 AM
Rank: Chief


Joined: 1/3/2007
Posts: 18,060
Location: Nairobi
Eric_Nyamu wrote:
trizher wrote:
me&myself wrote:
@ maili valu....

The T-bill rate is 14.8% per annum and not per 91days...


which means for 91 days its 14.8/4 = 3.7%....minus tax.


wooooooW 91 day is now at 18% !!!!! thats 6% per month in a bear market way better than fixed deposit a/c

Mr. QW aka buy-sell-sell-buy should ask folks before payukaring his ignorance here... Hope he makes Resolutions to improve himself in 2012. And follows through.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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For Sport
#18 Posted : Thursday, January 05, 2012 9:57:07 PM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
91 day T/Bill now at 20 %
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hisah
#19 Posted : Thursday, January 05, 2012 10:34:27 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
For Sport wrote:
91 day T/Bill now at 20 %

And I hope you are not still taking notes smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Nabwire
#20 Posted : Thursday, January 05, 2012 11:37:30 PM
Rank: Veteran


Joined: 7/22/2011
Posts: 1,325
So if its at 20% PA, is this a fixed rate or is there a possibillity that when you rollover, the rate may have been adjusted downwards to say 13%??? Im pretty sure these rates fluctuate meaning you will be a net loser when the rates eventually adjust downwards. It just doesnt make sense to me to tie your money in a Tbill and lament when the stock market turns around and you have to buy stocks at a higher price coz you were all tied up. But to each her own.
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