Which Way Nlng?

Hi people,  I'm sorry for not posting here and on my blog for a while now. . .  i've been on quite a number of trainings and workshops. . .  i just wrote a post on my blog, after a looong while. . .

I'm glad we have new joiners / erstwhile silent readers posting occasionally. Stannesi, annwil etc you are welcome, once again

It seems that we have some energy on this thread with a lot of people that actually taking out time from their busy schedules to either leave comments OR read-only  . It has occurred to me that we have never talked about concrete actions/ opportunities we have taken/ identified. Yes! i remember that we mentioned "investing" a while back, but i'm referring to specific actions. e.g.  Looking at XYZ state, buying ABCD seems viable enough to harness the FDGT potential there. etc OR there's an opportunity in @#$@ stock because of $%^& news that is round the corner. I know there's a thread for stocks and investments somewhere else, but it's also a way of sharing insights and ideas here on this thread. 

As for me, my interests are basically shares, real estate, businesses - e.g. online businesses. . . i sell suits too.  As for shares, i think some opportunities exist with fundamentally sound companies that have April, May and June as their FYE. . .  i don't mean to blab. . . neither do i want this to be a monologuebut does anyone here that share my interests?

@ kuwena

A while back, you mentioned that a HUGE portion of your salary would be going into investments, how has your journey been. . . any story you want to share?

i wish u guys d best as u mov on 2 your next level. please hw does the first test of nlng look like? please am due 2 ryt d test next week. thank u

Aniffy dear, even before I started earning what I do now, I have had the ideal of saving at least two-thirds of any income whatsoever. It is in this regard that I bless my head I came back to Kano. The cost of living is so low that I dare say I end up saving more than two-thirds of what I earn. I have worked only four months, and you would be impressed with what I have stashed away in such a short time. I have not begun real investment yet. I am still understudying Robert Kiyosaki, soaking in the knowledge he has to offer in his books, reading them carefully over and over again. I am also trying to survey the investment market.

You know, the investment market is very like others. There are wholesale and retail sections to it. In this regard I am happy I work with a bank; we have a weekly financial scan of the Stock Exchange, and weekly reports on informed investing, as well as methods for the anticipation of stock trends. Bullish and bearish stock opportunities that the lay man would assume the preserve of trained stock brokers are things we have learnt to follow doggedly. I hope that when I do start investing, I will always be ahead of the trends.

So you sell suits? What's the business like? Lately, I have financed a spare-parts trade business, and am expecting my return on investment (ROI). If the ROI is good, I may do more in that line. On the surface it appears clean; importers sell to semi-wholesale suppliers, who in turn sell to retailers. The chain of distribution is kept small, so that profits are maximized, and because this is Kano where the locals are not into the game, competition appears small, and the smart Ibo guys can make it big. But then, it's too early to congratulate myself.

The modern dream seems to be: invest wisely, get rich quickly, and retire early. Then you can set up your own company and employ others, and reduce the level of unemployment, while as well contributing to the growth of the national economy. I hope more and more youths are toeing this line. It is the future for all of us, I think.

So you see.

Love you all. 

Yeahi sell suits! I split my stock between British and Italian suits e.g. Paul Smith, Armani, Hugo Boss etc. I have a partner that brings them in and then i sell. I actually like to sell things. . . started when i was in school. 

Trainings and workshops have been cool. They just reinforced a lot of values i seemed to have taken for granted.

@ Kuwena

That's really cool. I'm glad you also have a "savings and investment" culture. Please soak yourself well in Robert Kiyosaki's books, but also note that he's skewed towards real estate and not the stock market per se. I have quite a lot of his books and also the "Cashflow" game. . . If you are looking at books on stocks. . . you may want to check out Peter Lynch's book ; "One up on Wall Street", Mary Buffet's "Buffetology" and a host of others. . .

I have made some sales since i resumed, but i'm still trying to build my network. . . i'm sure that my best bet will be bankers like you. . .  . . .  and not engineers. . . (_{like kenosky})

On the idea of invest early, get rich quickly and retire early. . . i believe it's more of increasing cashflow and passive income. Once your passive income exceeds your expenses, you are financially free but not rich. Your freedom, if exercised appropriately will give you enough time to focus on getting rich, because you have more time for yourself.

And a piece of advice when it comes to brokers. Not all of them are really that knowledgeable so  please do your research before listening to them. . . Some are called "broke-ass" for a reason, y'know. . .

Anyone here interested in agriculture OR actively participating

GBAM!!! 

  Hi Guysssssssssssss,
I must say I have really missed y'all. I have been extremely busy----plus with the NITEL strike, My server has been having a hard time coming up. At the office presently, and a lilttle bit less busy . Sooooooooo whats new? Aniffy talking about investment ai? Thats cool and a very smart thing to do. I guess alot of people would love to invest in land, real estate and stock if they are properly funded.

I know that we do stuffs like financing the purchase of land and properties----and you don't need any collateral except the document of whatever it is you are buying. I'ld also like to say that interest rates and repayment period are very flexible. Its your call.

Mennn, work has been toilsome lately-----I look forward to fridays, every monday and to the next friday every friday. But i'm not complaining

Stan, I do you know that trading in stock while it could be profitable, could be freaking risky too? Everybody invests in stock, hoping it multiplies-----------but does it always? In a case were it doesnt-----you would have made a terrible loss(depends on how much you invest anyway), but investing in land----man you can never go wrong. It appreciates--appreciates--and appreciates.(assuming el-rufai does claim the land for the govt----or bring down the building as the case may be)

Annify, Long time------sha. Its pretty hard to reach you. Are you in a bush or something Didnt tell me you sold suits!

Kenosky, I said it, ask Aniffy. I said it that I must have seen you before. Selling stuffs on berger road as you enter lagos. Shebi you sell hanky too, in additon to your casuals. Hanky is casual too nah . Whats going on? You guys should do and come back quickly nah!!!! I'm already starting a one lady protest.

My regards, Skeelo, Niyoo, Tommyex, Kuwena, kenosky, Aniffy, AlfaPrime, and now Stannesi (singing)A very unhappy wel come----to you--uh, may you eat too much of cake, and get a tommy ache-----very unhappy wel---come to you--uhhhhh!!! )
Cheers.

That's funnycoincidentally. . i went to your PH branch and the lady i saw there said you guys don't do stuff like that. . .  Maybe because' i asked specifically about share financing. . .

@ Kuwena

Do you guys have anything for me? 

Yes, sir. Well worded.

  'Lagbaja, nothing for you!'

I'm very glad that this thread is hosting a discuss on a real topic for the first time in a long while.
I appreciate everyone that contributed; Aniffy, Kuwena, Jisidizzy , Alpha, Kenosky _{always around} Stannesi
It's a far cry from the days when God was discussed by peeps who barely knew or understood HIM.
It's also a far cry from the days when personalities and complexities where discussed. A far cry from melancholic and depressing posts.
For the first time in a long while, I should say that I admire this thread.

Aniffy, your display of intelligence in a wide range of issues gets my admiration.
Kenosky, always the joker You've met your match in Jisi I can see you trying to run for cover

Please who are 'we'?
I've been thinking of buying land in some part of Lagos, 've been nursing the idea of building my own home and venturing into Real Estate.
Never knew that such opportnities are easily available in our environment. I guess the banks are not doing enough marketing for the 'right things'
Can you please contact me via opokonwa@gmail.com? I need to know the modalities of such financing, the repayment periods and how friendly or not it is. Perhaps you and I can cook up some elaborate Real Estate plans
I know you would love to make money Jisi, so don't even bother fronting

1. lol! It's called leverage. . . Risky? Yes!! But honestly, to get real and fast advancement , you have to think about using OPT (Other People's Time) or OPM (Other People's Money). The honest truth is that you are either using someone else's leverage OR you are the leverage. Check your job out, you are your employer's leverage. Look at your money deposited in your account doing nothing. The borrowers are leveraging on it.  . . .  So i think its about time you leveraged on someone else. . . but please be careful. . . 

2. Secondly, you'll be surprised that most banks have such packages for willing investors. I'm currently on one like that. Normally, i probably wont be divulging stuff like this, but hey, we are here to share knowledge. . . aren't we? The shares in question are used as collateral (plus your initial contribution which is a percentage of the facility), although you have control, you can only trade them (most times through the bank's brokerage house). . . but you only obtain full ownership (as in transfer to you) when you liquidate the facility. I read somewhere that one difference between the rich and the poor is that while the poor seek ownership, the rich seek control. Now thats a BIG difference.


Aquarius. . .  .


Thanks! My admiration of you is 150% more! The GREAT Opoks!


Hey Bros!. . . i won't mind being a part of this o! That is if the real estate deal is for commercial purposes o. . .  and not for building your house only , heard of a couple of young guys (below 30) that did one real estate deal and sold off with about N1bn (or so) profit. . . I know some of you might sneer at this possibility, but the honest truth is that what your mind can't see, your hand can't grasp. . .  So Opoks! you can holla at me on folayemianifowoshe@gmail.com. I'm sure that Jisi can cook up something. . .  as long as the plan is tight. . . 


I really don't agree with this line of thought. . .  Please by all means be a BIG SUPER spender, just make sure you are spending on the RIGHT things! I'm surprised at people who keep their money in their accounts and when it comes to private placements, they SPEND a little because' they don't want to take risks. There's someone i look up to, she inspires me a lot, when explaining how she made her BIG break, she said she wanted to purchase a block of shares from the existing shareholders, she approached a bank, obtained a HUGE facility and purchased each share at N3.00 plus a little premium. She held onto these shares for 15 months and sold them off at N64.00 a piece.  If she was a SUPER SAVER, trust me, i don't think she would have made it that BIG. Why would i want to save for 20 years for an event that may never happen? When i can SPEND at once, have a little bit of temporal HBP:P and savour the experience of having to do something interesting.  Yes! Saving is good, when compared to being wasteful, but having to focus on SPENDING keeps one in a perpetual state of stagnation (or at best your money is making 3% per annum. . .) I would rather focus on being a BIG SPENDER, as long as i SPEND on profitable ventures! I must confess, it may not work the way you plan all the time, but that will not stop me from trying again. Personally, i rarely keep funds in my account. . . anytime i go to the bank, i always wonder what's going through the mind of the person paying me when they look at me in my designer suit and then compare to my account balance. . .  . . . na them sabi


Yeah! So please grow with us, because we are going places!!! 

@Annify
Of course, You can never compare saving with investment. I didn't mean dry, meaningless saving. That would be akin to miserliness! What I meant was saving as a means of raising capital for an investment venture. Actually, I take my guidance in this regard from the the Lord Jesus' parable of the talents. Notice that it was only after one servant had hidden his talent in the ground that the master asked him why he couldn't have at least saved the money with the bankers. In other words, saving is the least You could do with your resources. the first and most preferred is actually to invest it. Fine, but u can't really build up a good enough capital for the investment without some period of saving, and note also that the basic personal fiscal discipline needed for both saving and investment are the same.

@Opoks
You're welcome back warmly, brother! I feel You when I consider the reasons u just revealed as what made u trip off for so long. In fact, I get the impression that, (like I do at times) during your comatose period u were actually still visiting the thread regularly without making contributions. At times it's a bit difficult to break the flow of a certain conversation on the thread without appearing a bit rude,  but it's ok. At least you're fully back with the house now.

@Jisi
You said something that just caught my attention. can u reach me on  onyx@bornagain.com? I'd like to discuss some business with you.

@Kennosky et al
The intensive training course I had throughout this week gave me an idea of how it must have been with u all this while. keep the dream high!

Stay blessed all. It's Friday again and promising to be a great weekend, especially for those of us all who have been grappling with increasing mountains of work!

as per d investment
I really don't know,buying lands can be highly risky in lagos too^{You know them touts now},so as for me I will jus do the stock broking thing until i can confirm a clean and good way to acquire land,because from my thinkin and analysis that should be the best way to invest.
JISI,
Love what u guys do,i ll keep try to keep in touch to know more about this


Nice humour Sir,how your end now?