I attended a seminar sometimes ago where someone explained the investment opportunities in fixed income securities. He said treasury bills are short-term securities issued at a discount for a tenor ranging from 91 to 364 days, such that the income received is the difference between the purchase price and the amount received at maturity or prior to the sale.
The attraction for me in T-Bills is that my profit is guaranteed although it might be small. I can collect the interest upfront or decide to take it at the maturity stage. It is also easy to invest in, all I need is to go to my bank and authorize my banker to move funds from my account into T-Bills investment.It was very attractive for me when the interest rate was about 15 per cent. I usually invest for longer tenor at more than 180 days.
There was a time I formed an investment club and promised to give people some interest on their money if they save them with me. A lot of people kept their money with me and I invested them in T-Bills. I made some profits and still return their money with some interests. So, it was a win-win situation.