Let's Appreciate Jessica ... She works x amount of hours on TV & radio for 5 days among other weekly & weekend activities ... But she still manages time to record videos for us ... God bless you Jess ... You're a real Gem
@JessicaOS3 жыл бұрын
Not easy but I'm really passionate about this
@KoteyOthnielNeekoteifio3 жыл бұрын
It's obvious! God bless!
@austinboateng69713 жыл бұрын
Ladies and Gentlemen, the Professor has not only taken her time to disseminate this vital information for building worth but has indeed shared her experience (s). It's our turn to take what we've heard, learned, do our only due diligence and decide which investment portfolio fit our financial goals and time horizon. Happy investing everyone and thank you Professor Jess
@JessicaOS3 жыл бұрын
Hahaha. I'm no professor. Only sharing my few thoughts on the subject
@fiimills46553 жыл бұрын
This is why you diversify your wealth into different investment vehicles. Do T-bills, Do Mutual Funds, Keep Foreign Currencies, Trade crypto if need be.
@Giggodimpz3 ай бұрын
What’s ur insta or LinkedIn
@reynoldsad73 жыл бұрын
Jessica, thanks for the insightful information. However, I think there's another perspective to look at it. While it's definitely a great idea to hedge a portion of ones portfolio in USD, GBPs, ie forex, there's something to say for tbills when compounding interest comes in. Although the analysis and outcomes hold for a simple interest comparison, it doesn't really hold against a compounding interest even with the performance of our t-bills rate say for the last 10 years. Compound interest changes the dynamics. I'd love to discuss the numbers if it stirs up your interest.
@evansosusu53192 жыл бұрын
I don't think this applies to someone who earns in dollars because even if you travel you need to change your money into local currency to do any transactions. & comparing to inflation someone as to think twice to put cash a side in a dollar account than investing somewhere.
@solomonboakyeperchii43805 ай бұрын
@JessicaOS Good content but you failed to acknowledge the compounding interest part, which I still think makes the T-bill not a bad choice, especially when you have some big funds to lend to the goverment for some time enough. Remember the foreign exchange rate is also NEVER static.
@jerryavornyotse64203 жыл бұрын
I'm so much engrossed in this financial advisory kinda thing. Jess please give us more stuffs on this. God bless 🥰😇
@JessicaOS3 жыл бұрын
I'll do my best
@PRINCESSGEMINI19873 жыл бұрын
I’m glad I came across your channel. This is the first video I’m watching. I just transferred money last week to invest in a T-Bill for a year. For me personally it is better than me opening an ISA in the U.K. as the interest rate isn’t great and hasn’t been for years. I have purchased a house in Ghana. My plan is to have multiple streams of income. When I’ve left money in my bank in my savings account in Ghana (Barclays or whatever their new name is) they chopped my money.
@JessicaOS3 жыл бұрын
Lol. Chopped my money
@kelvinoseiagyemang62573 жыл бұрын
Motivation from experience 😎😎..... Good myself.
@PRINCESSGEMINI19872 жыл бұрын
The T-Bill was a good investment. I spoke to my broker last week who gave me some good advice.
@mariesafaite-antoine203 жыл бұрын
You’ve made a good point. In America, we are more worrying about the economy in general when it comes to investing. When the economy is flourishing, the interest rate on return tends to be great... but when the economy is in recession, the interest rate on return is likely to be low. I would not mind buying treasury bills in a good economy at all.
@michaelowusu49723 жыл бұрын
I get your analysis but it is quite simplistic. The entry time and exit time with the dollar may or may not be beneficial but T'bill is risk-free and you are certain of the amount you will receive. If your appetite for risk is high then the dollar would be a good option, otherwise stick to T-Bill.
@augustinedonkor64383 жыл бұрын
It's never true that t-bill is risk free. The only risk t-bill enjoys is default-free risk. Apart from that, it is susceptible to inflation risk, exchange rate risk etc etc
@michaelowusu49723 жыл бұрын
@@augustinedonkor6438 This is known by people who have learnt Finance. To the ordinary person on the street, risk-free means default risk. It is believed inflation and exchange rate risked are catered for in the rate they are provided.
@Bilegagn3 жыл бұрын
What's better is changing that money into dollars and buying global stable stock like Tesla and Apple, which mostly have one way to go: up. In the same period that Jess described, if you have bought a Tesla or Apple, both splitted into 4-1 and 5-1, the gains would have been massive. Just food for thoughts. We live in a global economy and your money do not need to work where you live but where it can grow
@maqueenlove8343 жыл бұрын
If only is safe and works for u 👍
@lyfofbetty45023 жыл бұрын
If I had known u had a youtube channel I would have subscribed long ago . I can't get enough of u hun
@JessicaOS3 жыл бұрын
Thanks for the sub
@elijahantwi88132 жыл бұрын
This is such a great video and kudos to you for putting it up. I think your calculation based on simple interest and investing for just a short term of just 91 days or six months will definitely result in a fall in face value of your initial capital in dollar terms. However there is the magic of compound interest (rolling over interest + capital for the next 91 day tenure), thus if you keep this same amount and roll over every 91 day for a period of say 4 to 7 years your results will be greater in both cedi and dollar terms. You can try that out. All in all to get the best out of every investment you must be in it for the long term. Thank you.
@JessicaOS2 жыл бұрын
true! thanks for this
@gideonamankwah97292 жыл бұрын
Yeah.. that's true Healthy investment is to be in it for a while to earn much yield
@debbiedav40653 жыл бұрын
I love how open minded you are about investing, I read an article of investors that made good money within few months from shorting, so please I'd really love more tips and clues on how to outperform the market and make such profit using options
@justinclynes4813 жыл бұрын
Hard assets are going up, the fed doesn't measure those because that would give it away. We have inflation.
@aaroncecil28973 жыл бұрын
you need a good level of skill set for shorting
@justinclynes4813 жыл бұрын
Despite the COVID 19 pandemic the wise one sees it as an opportunity to make a lot of money in the market.
@aaroncecil28973 жыл бұрын
have you earned profit in the stock market?
@nancylynejuras10833 жыл бұрын
True, shorting isn't for rookies but that doesn't mean they have to stay off it, I started as a rookie and in my first 5 months, I just followed the step of my consultant
@reynoldsad73 жыл бұрын
Jessica, I love the thumbnail 😅. Hilarious and on point... crunching the numbers right there.
@Phoenix_Renatus3 жыл бұрын
Hello from the US! That example calculation was extremely helpful. There are central banks in many countries that are purposefully devaluing their own currency against the dollar right now. All for the sake of keeping exports/imports competitive. There's a dollar shortage and central banks are low on foreign holdings aka US debt. Long story short, the dollar isn't dead by a long shot, it's just being bought on the cheap right now and that's about to change very soon.
@iamwebxyte10523 жыл бұрын
Can you make a video on how to invest in stocks in Ghana
@Ghana201210 күн бұрын
I believe that keeping our funds in dollars or other foreign currencies is not in the best interest of Ghana. In fact, the suggestion to avoid investing in Ghana through treasury bills and instead focus on foreign currencies could inadvertently contribute to further weakening the cedi, exacerbating the very issue we're trying to manage.
@JessicaOS10 күн бұрын
Agreed... but who got us here? At the end of the day, it's all about survival no?
@Ghana201210 күн бұрын
@@JessicaOS Unfortunately our leaders got us here, but fortunately we will have no choice but to get ourselves out. If we don't who will?
@heiressliyah5103 жыл бұрын
Kindly post what you think will work for us especially people in their 20’s and also do leave your social media links in the description
@JessicaOS3 жыл бұрын
thanks for the feedback. Will do just that
@kwasiboateng88143 жыл бұрын
You are right, I never thought about it that way. I always looked at the interest being so big. Thank you
@JessicaOS3 жыл бұрын
Happy to help!
@AmazingWorld-jh2ys3 жыл бұрын
You're right..."May" CU's it has really worked for me
@ntimemmanuel11532 жыл бұрын
Advice on Financial investment for free...Kudos Sister Jessie.
@odnique68173 жыл бұрын
Wow,I'm glad i came by this video jess, I'm grateful for your help and we the youth are learning. I had this thought weeks ago to get a bill but didn't know how to go about it. Pls tell us more. God bless
@JessicaOS3 жыл бұрын
Glad it was helpful!
@noahkwabena95152 ай бұрын
The cedi's depreciation has been crazy. Worse ever.
@JessicaOS2 ай бұрын
Hmmm. I advised people years ago but they didn't listen
@ismealdarkwa7699 Жыл бұрын
Buy gold instead of changing your money in a foreign currency.
@ForeverChip0318 күн бұрын
Thank you for the information. Life saving
@maxwellcobbah43493 жыл бұрын
Thank you very much Jess for your impressive analysis. I think I've got a theory from your analysis. This is it. If you want to benefit much from a treasury bill, let the exchange rates guide you. Hence when exchange rates are looking good over time there's much gain in treasury bills. And when exchange rates are high over time there's less gain in treasury bill. But whatever you do you are better off buying a Tbill than locking your cash in a bank account.
@maxwellcobbah43493 жыл бұрын
And also Tbills bought for a year would be great (thus the interest involved) when exchange rates are looking good than the 91 and 182 days terms.
@JessicaOS3 жыл бұрын
Great stuff.
@maqueenlove8343 жыл бұрын
Land investment is what I prefer to any other investment 😁
@opokunyarko34383 жыл бұрын
Yes. But unless you're buying the land in a village, you'll need a high capital. And you will have to start a project on it immediately to avoid losing it.
@bbytamattey3 жыл бұрын
Thank you very much for this information 😊. Really loved treasury bills but my mind is changed now. Wanted to know about other more lucrative investment opportunities, like mutual funds.
@chairmanshow3 жыл бұрын
Hello Jess, great video but I hope you will agree that undertaking a particular investment depends on one's risk appetite and investment objective. Every investment has inherent risk including treasury bills even though it is described as risk free. And one needs to determine the objective for which they want to undertake a particular investment plan. The forex market is highly volatile and it's termed as high risk and in investment the higher the risk the higher the return which may not be the preference for everyone. So the term portfolio diversification. You should not put all your eggs in one basket is what is basically meant by portfolio diversification. So by all means treasury bills is necessary - risk free element and then one can add forex, shares, bonds, business, property etc in order to hedge against risk. My humble opinion please
@JessicaOS3 жыл бұрын
Great submission
@chairmanshow3 жыл бұрын
@@JessicaOS Thank you
@tadeniran13 жыл бұрын
I just came across this video and it’s so helpful. I was going to change dollars to buy treasury bills a few months back but when I sat and did the math, I saw it was such a dumb move to make. I’m happy I didn’t buy Tb. I’m curious to know if there’s anyway to invest in dollars here in Ghana without changing it into cedis.
@kwekuhanson32233 жыл бұрын
Thanks for sharing. Anyway what’s the alternative, also which investments in Ghana have the best returns?
@TheTMontgomery3 жыл бұрын
Again a wonderful and relevant program.well done. Government paper is directly related to stability of the country it’s dollar and the rate of inflation. The best investments are in land and new companies that expand the services in a country e.g. telecommunications and transportation. Get in early and get out .
@reikokpesese87333 жыл бұрын
This is really good information. Your financial knowledge is on point
@Souloutstanding3 жыл бұрын
I think you could have suggested other options after this eye opening information... love to learn more thanks 😊
@sewornukrapah3273 жыл бұрын
I will suggest you also watch one of her video on “3 strategies I used to build my wealth” she gave a very good insight which can help you
@Souloutstanding3 жыл бұрын
@@sewornukrapah327 thanks a lot!
@sewornukrapah3273 жыл бұрын
@@Souloutstanding you are welcome
@bigathings3 жыл бұрын
I just love you Jess. You are real and authentic and you deserve the best! Be blessed beyond measure!
@JessicaOS3 жыл бұрын
Thank you so much
@timewithamel2 жыл бұрын
Please how do I save my money in a dollar account.. And also which investment is best to opt for..Am in need of dying help..🙏🏽🙏🏽🙏🏽
@dorisquainoo66402 жыл бұрын
I'm in the same situation as you. Pls , we need a reply.
@graceanang75743 жыл бұрын
Two comments: 1) Money held in treasury bill is compounded, vs money held in dollars. If a person buys dollars monthly for five for years, and another buys treasury bills monthly for five years, even if the face value of each monthly investment is the same, the final winner will be treasury bills because of the power of compounding. The gap in investment gains will change over time even if the currency depreciation rate is not able to improve. Herein is the safety of treasury bills for long-run investment. Let's not also ignore the losses from local foreign-currency accounts with all their extra charges. 2) It's irresponsible to advise citizens to invest in dollars which worsens the problem of cedi depreciation for the rest of the country, including poorer persons who don't have access to dollar accounts or banking. Dollars should be used for buying and business, period. Hoarding them as an investment is not the best when the BoG is trying to stabilise the cedi. Rather educate us on other avenues such as investing in crowd-funded business, the stock market or mutual funds which can strengthen the local financial sector and economy. Ideally, anyone who has the chance should create a portfolio that includes low-risk products such as treasury bills which can cushion occasional losses from high-risk/high-interest investments.
@JessicaOS3 жыл бұрын
Point 1 well noted. Point 2 however could've been constructed better. It's funny u call me irresponsible when you've watched government after government do almost nothing to help reduce the amount of imports Ghana does in a year. I want to bet that you applaud them, yet will call me irresponsible???? Lol. I'll leave this here.
@williampennjr.44483 жыл бұрын
All cash investments compound so long as you don't withdraw the interest. The only advantage Treasury bills have is that they are free from state taxes but it doesn't make up for the low interest rate. Many online banks offer much higher returns. I just got quoted .1% on treasury bills while Ally bank was paying .5%.
@yawchuks30573 жыл бұрын
@@JessicaOS I think he does make some very valid points. Besides he didn't call you irresponsible rather your piece of advice. I agree with you though that he could have put it in a more welcoming note
@davidacheampong39063 жыл бұрын
I thought as much, quite irresponsible an advice to hoard dollars as a viable investment. Fair enough to showcase the downside of t -bills investment but to suggest hoarding dollars as an alternative (which is the major cause of cedi depreciation) is more than irresponsible, that's reckless.
@samozoani3 жыл бұрын
Jess, I find your Channel very Insightful and impactful. Thanks for your in-depth research.
@JessicaOS3 жыл бұрын
Thank you
@francesperkins77193 жыл бұрын
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@josephsaim61842 жыл бұрын
from my point of view. I think its rather a smart move .Tell me which kind of investment will make your yields and still get your capital invested back without risk of loosing that capital? our leaders are disappointing us by allowing inflation to rocket up. tbill in any uk bank is less than 1 or equal to 1 pound so Ghana Tbill is still far better than the UK
@JessicaOS Жыл бұрын
.... still feel the same? Lol
@Ghana201210 күн бұрын
@@JessicaOS But Jess, when you think of T bills as a long term investment I think it is a better alternative to other investments. By long term, I mean you reinvest the principal and the interest rate (therefore utilising the benifit of compound interest). With foreign exchange - you can't compound interest. You have also not taken into account that the government adjust interest rates to make treasury bills attractive. So when you did your calculation interest rate was 14% and it is now 26%.
@JessicaOS10 күн бұрын
@@Ghana2012 the volatility of the currency increases risk. But hey... to each his own
@kso75252 жыл бұрын
Finally aunty Jessica gave us some interesting topic
@larhaddoemmanuel4588 Жыл бұрын
I think if you put more in the Tbills you will end up earning more money under 91days
@zbtrtv11582 жыл бұрын
I think the illustration is not balanced, you have only outlined the risks of investing in TBs, what about the benefits. When the currency of country depreciates, that affects the prices of goods and services because of imports, in the end inflation goes up. To make the TBs attractive - the central banks tend to match the inflation rate or above. So yes, in the short term which you should have said, TB’s attract exchange loses, in the long term they always win or very minimal loses.
@bediakoosei76533 жыл бұрын
Stop right there! You are absolutely wrong. To benefit from T-bills you need to consider over a long period of time. Now with your own figure : Assuming you have 1000 cedis 5years ago its dollar amount will be @ 3.8 will be $263.16 Given the current yearly t-bills rate which is @rd 17% you will have 2,192.45 cedis, divide that by your rate 5.83 you will get $376.71 You would have made 30% interest on dollar basis over 5 years that's averagely 6% yearly and studies show the American banks pay 2-3% per year interest to cater for inflation on customers account, this you are left with 3%ish free cash interest in dollar terms when you invest in t bills. I will advise you get your facts straight before posting this misleading piece.
@JessicaOS3 жыл бұрын
How is my message misleading? For starters how many average Ghanaian people lock their money in till bills for 2 years let alone 5?? Don't get me wrong I see your point but it's not the average Ghanaian's reality
@bediakoosei76533 жыл бұрын
@@JessicaOS for starters it's misleading because there are "Term" to investment such as short, medium and long. Two of this term will defeat the purpose of the video ie, medium and long, however with short term, your video caption fits well. Also am not getting you wrong, it's all about clarity. This is just by the way: with my study of cedi to the dollar over the past 20years it has depreciated at a rate of 10% year on year to date this can be a guide for anyone one who wants to play it out over the long term on T bills. Cheers!
@JessicaOS3 жыл бұрын
@@bediakoosei7653 True! Short term it is then, Thanks for this message.
@bediakoosei76533 жыл бұрын
@@JessicaOS umwc
@peagama3 жыл бұрын
Interesting discussion here. Good it ended well. I like what Jessica is doing cos after years of blogging on finance, I've noticed that Ghanaians don't like the finance topic at all, hence any information or discussion that will stimulate interest in this topic excites me alot no matter how accurate it is. She also stated clearly at the end that she is not an expert and hence she is sharing her experiences. Great channel.
@selmaadevu5243 жыл бұрын
To think that I was just considering getting one. Very timely video .
@selmaadevu5243 жыл бұрын
And oh, first to comment 🤗🤗🤗
@anastasiaofosu55683 жыл бұрын
Yes you are 😭. You beat me!
@selmaadevu5243 жыл бұрын
@@anastasiaofosu5568 😅😅😅😅😅😅. I sure did
@bonasway3 жыл бұрын
Jessica is absolutely right however it makes sense to invest in treasury bill when you have huge sums of money sitting in an account with just 0.25%.Cedi may depreciate but with 15% per annum on 91 days rollover, trust me you will never go wrong. In less than 3 years investing in T.B. With 15% P.A. I have reached 6 figures which is enough to set up the business I wanted to start in Ghana. I’m glad I did. so please consider but just try it with 91 days rollover.
@michaelbarnah62753 жыл бұрын
@@bonasway Yea.....you are right too buh we starting from the scratch need her alternative.GBU Jess🥰
@charliep29283 жыл бұрын
So, what causes the cedi to depreciate? If we can know specific reasons why that happens, then we can know if it will continue to depreciate or not which will help us over here in the USA to make a smart decision. The value of the dollar could fall, most like in 2021 and beyond. the reason is that the US treasury will be pumping more money into the system to stimulate the economy. This should impact the cedi to rise in value. This is therefore a good time to invest in treasury bills, in my opinion.
@dianakwao28503 жыл бұрын
Naaa, when the demand for dollars is higher than the demand for cedis, it will force the cedis to depreciate....so as you said... They pumping more dollars into the system will cause higher demands for it
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@TheMinisterEd3 жыл бұрын
The more the dollar buying goes on by the populace, we all contribute to further depreciation on the cedi. Your thoughts.
@JessicaOS3 жыл бұрын
True. The unfortunate downside.
@mirabeldaisygyasi71933 жыл бұрын
But changing to dollars would make the cedi depreciate more
@JessicaOS3 жыл бұрын
unfortunately!
@maqueenlove8343 жыл бұрын
Buying and reselling of lands isn't a bad business either😁
@JenaMixes3 жыл бұрын
What about all the land litigations?
@addomichael70153 жыл бұрын
smart advice from a smart mentor .. jess you the BEST
@discoveragriculturewithj.31783 жыл бұрын
I personally think in the short term it would be better Its better than the savings part though
@anastasiaofosu55683 жыл бұрын
Wow! Yes I got some sense here, thank you. What is the name of the app? Nice handwriting 👌👌🤗
@JessicaOS3 жыл бұрын
Which app???
@richardowereku51683 жыл бұрын
Hi! Which other options of invest could one undertake aside the treasury bill?
@thedillyspost3 жыл бұрын
Hi Jessica. As always eloquent and thanks a lot for the information. I'm thinking of investing some money(not a lot) can you provide some examples of where I can invest? So far I use my bank and have a treasury bill. Thank you.
@Sam-ke5zb3 жыл бұрын
Reply if you get any response
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@WazirinJosnEnvirons3 жыл бұрын
I see you guys are also getting the USD comparision affliction like Nigeria. 2 things! 1) Government securities are more for asset preservation than money making-even though developing countries often give extremely high interest to attract resources--in some countries its actually -ve 2) if you have a portfolio uyou are interest in least risk its still government because the other 'money moves' could most likely lose your prinicipal--LOW return is better than NO....so always consider Goverment papers are protecting a portion of the base---but not a get rich quick scheme---that requires risk!! real risk.. Addendum: forget USD comparison as far as your expenditure is in Cedi...never try and compete with what you dont control.
@maxwellcobbah43493 жыл бұрын
That's very true. The higher the risk involved the higher the interest rate and vice versa. Tbills are very secured so it's quite unlikely to get huge returns. Huge returns lies with forex trading, BTC and cryptocurrency and there's also huge risk involved. So that's a fair equation.
@nicholaadjei36132 жыл бұрын
Tbill is the best
@yawmomodou73403 жыл бұрын
Jess.... excellent analysis, except that your advice doesn't hold when you change your analysis period to 1st August - 1st October 2020. You will have earned nearly 2x on TBills than on USD. You also didn't factor in the cost of purchasing the USD, which always tends to be higher.
@JessicaOS3 жыл бұрын
True. It really does depend on how the cedi performs within a given time period. If it depreciates badly, u lose out.
@stellagakpey36993 жыл бұрын
Pls how can I go about opening a dollar account because I am really encouraged, thank you. I am in Ghana
@berniceazongo76883 жыл бұрын
Me too
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@ckb1493 жыл бұрын
Its quite easy to open a dollar account but do not forget that Banks do charge monthly fees for these accounts. Some charge $50 per month($ 600 per annum) and this goes to depreciate your funds further.
@mabeedegifted40203 жыл бұрын
Thanks for sharing Jessie, God bless you
@AdrianaANNimo3 жыл бұрын
Great illustration 👍🏼👍🏼👍🏼 So Jessy converting your money to dollars will be the best move than even saving your money in cedis without the actually working? Secondly, How about keeping your money in the bank without investing or converting your cedis to dollar and creating a dollar account,which is better please and why ?
@JessicaOS3 жыл бұрын
Point one, would be valid if the cedi continues to depreciate. Point 2. you lose purchasing power if the cedi continues to depreciate and yet just sits in your account. Conclusion, it's not smart at all to just keep your money in savings
@kelvinoseiagyemang62573 жыл бұрын
Motivation from experience 😎😎..... Good myself.
@saviscalghtv17583 жыл бұрын
So Jessica per your analysis, which type of investment in Ghana now is the best you can invest your money?
@dn2l3 жыл бұрын
Go with DataBank Mfund. Or get with fixed deposit with seedsfunds savings and loans.
@peagama3 жыл бұрын
I disagree with fixed deposits.. (regardless of the rates they offer you).. ... For a starter, go for Government of Ghana bills, notes or bonds ( since the Ghana Fixed Income Market is kinda booming now)... Safer than any fixed deposit with any institution. Or invest in Money Market funds like Republic Unit Trust.... Databank Mutual fund.... Stalib's. don't forget to speak to a financial expert, and do your due diligence on the managed funds before investing.
@abdullahyakubabdulmanaf36073 жыл бұрын
Good one there. Very educative there. I must say thank you very much.that was very thoughtful.
@oyoosartandcrafts3 жыл бұрын
Thanks for the video... Interesting point made. Could you please elaborate on the bonds you suggest?
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@Heavenly_PepTalk3 жыл бұрын
Thank you Jess🥰God bless you
@nachomontero4289 Жыл бұрын
Please u said something about the 14% being the rate per annum but used it for the 91days(I.e.3month) u questioned the rate in relation to been used for the 91days calculation but notin was done to the rate in calculating it….🙏please can you help me out am planning to invest in one buh want most of my doubts cleared
@jamesnyaho12823 жыл бұрын
Is the US dollar readily available on the open market in Ghana to invest in?
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@PRINCESSGEMINI19873 жыл бұрын
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@worldonevlog3 жыл бұрын
Please so do have any other option to the treasury bill in Ghana if that is not quite smart
@akorliametor-quarmyne41583 жыл бұрын
Aawww... Jessica, Everything was okay upto where you advised that the purchase of dollars may be an alternative to investing in treasury bill. Remember, the cedis keeps depreciating to the dollar as the years go by because of the high demand for dollars in our economy and your advise seems to be adding to the problem than helping solve the problem. It may sound smart to invest in dollars but on the other hand very deadly for our currency and economy as a whole.
@JessicaOS3 жыл бұрын
yep. That's the unfortunate down side
@FranklynAgbeko Жыл бұрын
thanks, Jessica awesome video. why put money into something that loses its value over time it doesn't make sense
@ashtrakeanny71243 жыл бұрын
Some banks treasury bills are total cheats because some don’t give you the interest depending on the interest rates you’re supposed to get
@rizdelosreyes43693 жыл бұрын
is that true?
@sewornukrapah3273 жыл бұрын
Great insights. Thank you for this.
@ismealdarkwa7699 Жыл бұрын
How about Gold? Does that depreciate too?
@NphiniT Жыл бұрын
@@udhehfhehcuw9169 Are you sure about that?
@zolac9732 Жыл бұрын
@@udhehfhehcuw9169 Inflation can make T bills not profitable. Especially now.
@mathiasmawuko28783 жыл бұрын
Thanks for this great piece buh I was expecting you to suggest so some dollar account and how to get while in Ghana here buh you just keep us hanging in the air😔 I'll be glad if you suggest the dollar account and how to get it.🙏
@erickwakye54113 жыл бұрын
I agree with what you are saying but to go that route you got to be a clever invester who really understands many economic and political issues that may tumble or appreciate the dollar.
@JessicaOS3 жыл бұрын
True
@kennethmensah44803 жыл бұрын
Hi Jess What app are you using to track the cedi depreciation against the dollar?
@JessicaOS3 жыл бұрын
It's called 'Currency'
@emmanuelyankyera37563 жыл бұрын
So currently, which bank in Ghana has the best exchange rate to create dollar account and save there? Thank you.
@senabotchie15643 жыл бұрын
What the name of the app you used to check the rate
@JessicaOS3 жыл бұрын
Exchange rate
@YaaDodouwa3 жыл бұрын
Very helpful video👌🏾... thanks a lot ❤️
@JessicaOS3 жыл бұрын
Thank you
@francesperkins77193 жыл бұрын
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@dominicamoakobaah95163 жыл бұрын
But that will further course the depreciation of the Cedi
@JessicaOS3 жыл бұрын
Unfortunately
@singlesoulempire.40433 жыл бұрын
Fri,Dec18,2020 21:00pm I was here 🇬🇭
@princedarko35483 жыл бұрын
Great vid... You should introduce ghanaians to Decentralized Finance, and CRYPTOCURRENCY 👌... It's the same thing with treasure bills but rather on the blockchain network... No banks involved...plus higher percentage yield 🏋🏽♂️💯
@isaachemansarday66493 жыл бұрын
May God bless you big sis
@xlcladding18 күн бұрын
It's funny watching this video in 2024. The cedi has worsened😢😮
@abbycash2 күн бұрын
@@xlcladding Charlie I’m in tears la USD1 = GHC15.90
@stephenadonis39533 ай бұрын
Well I'm from 2024. It's worse now
@ForeverChip0318 күн бұрын
😂😂
@manuelblackus42613 жыл бұрын
Hi Jessica...thanks for the information... Buh what of you doing the T.bill in a different country will it still depreciate or its still not the best option
@JessicaOS3 жыл бұрын
Will all depend on the stability of the currency you use
@LydiaEsenam3 жыл бұрын
This was insightful indeed. Thanks for sharing
@JessicaOS3 жыл бұрын
You're most welcome
@mightmayeden90043 жыл бұрын
I've learnt so much. thank you Jessi.😍
@ericnyamaah7553 жыл бұрын
Treasury bill is risk-free. Any other investment that gives you higher interest is paying you a premium for taking the risk (Risk Premium). Market Rate of Return = Beta x (Risk Premium)
@princesethadu-krah93743 жыл бұрын
Thank you. Jess.
@joshuaazumah77253 жыл бұрын
What about starting a small business with that same amount wouldn't you have gotten more profit? We are just lazy to take risks that's why most of us do TB
@JessicaOS3 жыл бұрын
People usually look from the path of least resistance (risk)
@adamsbakuli15353 жыл бұрын
@Jessica Os any suggestions on investment alternatives to the treasury bill apart from buying dollars?? Insightful video anyways 👌
@maxwellcobbah43493 жыл бұрын
Hello there. I've also watched the full video but I didn't hear Jess talk about buying dollars. She only used it for her analysis. Talking of buying dollars, I think that's not a good idea. It will worsen the exchange rate and depreciation of the cedi will be greater. This will happen if a lot of people tend to buy dollars hence increasing the demand of dollars and the price will increase likewise.
@adamsbakuli15353 жыл бұрын
@@maxwellcobbah4349 Lol...she actually said it. As if to say trading in currencies rather than locking the money up in treasury bills.
@adamsbakuli15353 жыл бұрын
@Karl Drego $3,000?? 😱. Nice try....lol
@MrTheprince813 жыл бұрын
Interesting stuff.... thanks for insight... keep them coming... you got our ears...
@JessicaOS3 жыл бұрын
Thanks, will do!
@danielteyehuago16333 жыл бұрын
Please which investment is the best, because I only know of Treasury Bill... Any suggestions
@francesperkins77193 жыл бұрын
Thanks for the comments really appreciate for more info invite our company platform available on WhatsApp 👇👇 ±1 (719)-357-4388
@nicholaadjei36132 жыл бұрын
Tbill is the best
@Storiesatdusk3 жыл бұрын
Great video Jessice. However if all continue to hold dollars, the cedi will continue to fall or devalue. As ghanaians we need to stop selling in other currencies in ghana or holding dollars for other reasons which contributes to the fall of our currency. While as an individual u may gain from this there is a long term effect on the nation at large . Thats one of the reasons why before you buy another currency at the bank they expect you to have a visa and ticket for travel. I believe there are other ways to invest that does not affect the cedi. I will be glad if you will look into other options and share. If u ask me take this video down. BOG will not be pleased at all🙈. Love your content 😃
@JessicaOS3 жыл бұрын
🤣🤣 no can do.
@arabasam55693 жыл бұрын
Eiii it’s not that deep wai 😂😂😂
@innov8amrt3 жыл бұрын
@@JessicaOS i dont think she should pull it down, what makes this channel unique is Jessica letting us know these things as frank as she can be. I get the comment though....after watching the video, first thing that came to mind is opening a dollar account, before I started realizing how that will also make the situation worse for the cedi. I think Jessica should kindly suggest a better choice of investment that will keep both us and cedi happy...lol
@Storiesatdusk3 жыл бұрын
@@arabasam5569 😂😂😂🙈🙈
@nicholasadjei26132 жыл бұрын
Tbill is good
@maqueenlove8343 жыл бұрын
Treasure bill is a no no for me compared to dollar buying.
@ehh-lyn6323 жыл бұрын
How is dollar buying done?
@maqueenlove8343 жыл бұрын
@@ehh-lyn632as at 14-12-20, u needed 5.7174 cedis to get 1 dollar. Today as we speak, it gone up to 5.8090 to 1 dollar so calculate from the 14 to today 17 how much profit u would have made if u had bought it at 5.7174 and selling it at 5.8090 today.
@tyrezjameskyle70433 жыл бұрын
Wow this is so right👍 Thanks to you lady Jessica 😍💚
@kwamemajor69583 жыл бұрын
Champion jess there she goes again,really insightful, most grateful. Can I come for more tutorials personally lol
@JessicaOS3 жыл бұрын
Lol. You'll have to find me first
@kwamemajor69583 жыл бұрын
@@JessicaOS I know where to find you champion jess lol,powerland, etc
@Oreta.O3 жыл бұрын
Hi Jess , thank you,I'm hooked on this..
@JessicaOS3 жыл бұрын
😅💃🏾💃🏾
@noelskizalotti99723 жыл бұрын
Jessica Os - good attempt at explaining this topic. However, why are you using the US Dollar?