We are in a country where it is extremely difficult to trust people. Most businesses have collapsed due to human dishonesty. I have tried lots of businesses but fellow human beings have successfully collapsed it. Eg. Farming, purchasing of lands, onine investments , animal farming, shops. Etc......All have failed due to human dishonesty. However, treasury bills was doing better for me before I stopped and decided to these investments. Travelling agents have run away with peoples' money. I think for me I will go back to treasury bills again.....but thanks for the education bro.
I have a fixed deposit of 90,000 cedis with a financial institution in Ghana earning an interest rate of 25% p.a. for 6 months. My interest in March 2024 will be 11,200 cedis (1,866 cedis a month) tax free. This is far better than owing a house because I will need between 350,000 - 500,000 cedis to own a house that generate such amount.. The are no repairs, depreciation of the house, problems with tenant, non payment of rent, looking for tenants to occupy the place etc. This is better than someone earning the same amount as salary as government will tax 221 cedis as tax. My money is working for me everyday as I do not need to do anything. My decision is to pull all the principal into other things. No roll over until the principal is recovered. This is how I reduce my risk.
It’s good but when you compare with inflation rates T bill and fixed deposits are not money growing instruments You keep your money there for sometime to decide what you wanna do with it in terms of business. Bcos after 6 months or a year what 90k could have bought cannot buy anymore
He hasn't told us who he is and where he's getting this advice from. What works for you doesn't work for others. So far as the npp government won't steal pples money I don't see why it's wrong not to have t.bills. it has helped a lot
Is better than leaving money in the bank, or investing with mensgold or DKM etc.to lose both principal and profit. So far what I have gone through in the hands of these investments that promises high interest rates. I am going back fully to do treasury bill.
You nailed it right on the spot. It is always a tricky thing as to whether do t-bill or doing a business. Both have their pros and cons. However, in all things, one ought to make a right balance.
@@apaminspires What will be your advice in terms of where or which areas to invest since making investment in treasury bills and fixed deposit ain't good?
Very insightful video but the sound distorted it. I had divided attention and it sounded like some funeral grounds. But very educative piece and looking forward for more videos without music pls 😊
If you dont have any plan to use the money for any business in the short term is better to lock the money in fixed deposit or T bills than to let the money stay in the account and suffer deductions from the bank.
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