Esteemed Nairalanders, assuming I have access to a five million naira cash, what do u suggedt I do with it, build a house and rent out or start a profitable business with it?

Many thanks for ur kind advice.

either do a treasury bill or fixed deposit. Dont rush just think over it while the cash is been fixed. And this is the time you should be the most conservative in your life. And dont let any body know you have such cash not your uncle, aunt or girl friend.

Well said

If you really want to invest in your future,save half like what americas man said nd d remaining invest/partner with me in a nice business i have which u are guaranted your investment back in 3month time nd susequent interests follows depending on the percentage of agreement reached btwn us.just call me lets setup a meeting,if you like it no qualms if you dont still no qualms.it wouldnt hurt setting up the meeting and reading my proposal dj babs 08183213109.

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L K O

Congratulation to you.

We are Business Advicer and counsellor.

Since you are undergoing Masters Degree for now, you need to concentrate on your studies now. If you invest in any business that you can not supervise yourself or you put a member of your family to act for you, "You are on your own", all is "story..story once upon a time...".

Please face your study now and keep the money in fixed deposit with First Bank of Nigeria for at least 1 year, you will be given 5% interest or more. Don't look for other banks that might want to give you 9-15% interest on your fixed account, such bank may close down before you know, your money have gone, to recover it NDDC takes many years before Court case end to pay deposit only without interest.

So be wise, if you know you have time to other business with your studies, do not choose a business that you can not supervise yourself.

Benefit of Fix deposit of 5 million is that you will gain 250,000 at the end of the year.
Your monthly gain is 20,000.

If your father do not leave any money for you when he dies, are you not going to survive ?

Keep it at Fixed deposit as forum had earlier said, till the time you finish your course you would have come up with something you can do and you will face it squarely.

A business man must have vision, purpose, determination, finance, patience, focus and plan before a success could be achieved.

For further Counselling or advice feel free to reach us;

Contact;
RAPHAEL KOYA VENTURES INT. LTD.
7, AWOLOWO WAY IKEJA, LAGOS.
TEL: 08054353087 08033255591
raphaelkoya@yahoo.co.uk
raphaelkoyaintltd@yahoo.com

Americas_man: either do a treasury bill or fixed deposit. Dont rush just think over it while the cash is been fixed. And this is the time you should be the most conservative in your life. And dont let any body know you have such cash not your uncle, aunt or girl friend.

Very informative and well said. Many thanks.

[quote author=RKVINTLTD]L K O

Congratulation to you.

We are Business Advicer and counsellor.

Since you are undergoing Masters Degree for now, you need to concentrate on your studies now. If you invest in any business that you can not supervise yourself or you put a member of your family to act for you, "You are on your own", all is "story..story once upon a time...".

Please face your study now and keep the money in fixed deposit with First Bank of Nigeria for at least 1 year, you will be given 5% interest or more. Don't look for other banks that might want to give you 9-15% interest on your fixed account, such bank may close down before you know, your money have gone, to recover it NDDC takes many years before Court case end to pay deposit only without interest.

So be wise, if you know you have time to other business with your studies, do not choose a business that you can not supervise yourself.

Benefit of Fix deposit of 5 million is that you will gain 250,000 at the end of the year.
Your monthly gain is 20,000.

If your father do not leave any money for you when he dies, are you not going to survive ?

Keep it at Fixed deposit as forum had earlier said, till the time you finish your course you would have come up with something you can do and you will face it squarely.

A business man must have vision, purpose, determination, finance, patience, focus and plan before a success could be achieved.

For further Counselling or advice feel free to reach us;

Contact;
RAPHAEL KOYA VENTURES INT. LTD.
7, AWOLOWO WAY IKEJA, LAGOS.
TEL: 08054353087 08033255591
raphaelkoya@yahoo.co.uk
raphaelkoyaintltd@yahoo.com

Quite detailed,revealing and eye opening. Accept my heart felt appreciation.

Good one here @ OP.

I've gone through piece of advice given to you above and they are all cool but as a Wealth Creation Tutor,I will advise you not to be put your money into one basket i.e Fixed deposit of a thing as you can put part of it there,invest part of it into the development of plots you've inherited as you can't predict what the cost of cement and other things will be in the next few months.

Anyway,I once called one investors into my business PRESEGS Infotech GlobalBiz MultiConcepts duly registered with CAC some days ago which I also posted here on this section as well though some people contacted me but we are still on its concluding part and I won't mind you being a partaker and I will post it full details about it here at my webpage at

www . legalwealth creation . com/2012/11/where-to-invest-your-cashmoney-now.html

with good returns or just give me a call on
0 8 0 9 1 8 3 3 8 6 6 or 0 8 0 3 9 6 1 4 6 0 6

L K O: Esteemed nairalanders,I am a 26yr old single guy.I candidly need your opinion,as to what to do with a 5million naira cash. The said amount is my own share of my late dad's death benefit,who until his death was a senior staff of one of the federal govt corporations. I also inherited an undeveloped one plot of land located in Warri and another 5bed room duplex with bq from my dad's properties as the eldest child.My mum had advised that I proceed to develop that land and rent it out instead of investing that money in business,considering the risks involved in business. Personally,I am not business inclined. The said land is well fenced. I am presently registered for a masters degree programme in UNN. Your fatherly opinion please.

A word of advice: don't be greedy!

Forget the quick get money scheme that people will try to sell to you! Since you're not business inclined, forget doing any type of business. I would say the safest bet especially if you're clueless about investments, which sounds like you are, is to invest in the property or a different one. Even that requires a little bit of business acumen not to run out of money before the project gets completed. But at the very least, you’ll have something to show for the money.

I know of someone that lost all his saving in a fixed deposit account when the new generation bank collapsed in the 90s.

Considering your situation, I will advice you invest your money in the bond market. At least you'll get more than cost of inflation.

Dont invest all that at once, also dont put all that in one business. I know how you can make 500k every month by just investing 1m. Send me a mail jonosa2@gmail.com
John

Invest part of it and fix the balance. You can use part of that land in warri, for fish farming. Send a mail to joebol2011@gmail.com for free feasibility studies

Contact me if you are interested in importation of wine/malt beverage drinks and used european cars.We could partner together in my on going importation business and you dont have to invest all of your capital. I live in Finland and i can access the european market with ease.contact me for more information

Dont mind al this thieves and scammers.dnt gv them any link 2u,i beg u.build house wit it and rent out.dnt mind dis thieves on nairaland.

ur mum knows what's best 4 u
and after you developed ur land just buy a very cheap other one and do the same with it.
never spend more then 200k 4 buying it.
When ur bored of buying land, and after ur masters then go and see the world (europe).
Thats 4 u but when u was me, I will start import/export from europe (Belgium, Holland, Germany)

I SUPPORT THE ADVICE THAT YOU SHOULD PUT THE SAID AMOUNT IN A FIXED DEPOSIT ACCOUNT BUT I WILL ADVICE YOU THAT IF YOU CHOSE TO VENTURE INTO ANY BUSINESS, I MEAN IF YOU WANT TO DO BUSINESS I WILL PERSONALLY ADVICE YOU TO PLEASE VENTURE INTO POULTRY BUSINESS AND SEE, FEEL AND ACHIEVE THE HUGE PROFIT IN POULTRY BUSINESS. AS I SPEAK,POULTRY BIZ IS THE MOST PROFITABLE AGRIC BIZ HERE IN NIGERIA. FOR MORE INFO AND SOME DOCUMENTED FACTS GET IN TOUCH WITH VIA:
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TJ.SP2002@GMAIL.COM
SP2002.GNBO.COM.NG

L K O: Esteemed nairalanders,I am a 26yr old single guy.I candidly need your opinion,as to what to do with a 5million naira cash. The said amount is my own share of my late dad's death benefit,who until his death was a senior staff of one of the federal govt corporations. I also inherited an undeveloped one plot of land located in Warri and another 5bed room duplex with bq from my dad's properties as the eldest child.My mum had advised that I proceed to develop that land and rent it out instead of investing that money in business,considering the risks involved in business. Personally,I am not business inclined. The said land is well fenced. I am presently registered for a masters degree programme in UNN. Your fatherly opinion please.

@Poster, first and foremost, i sympathize with the lost of your father however, base on the advice that you needed, i will advise you not to invest all the money at a glance meanwhile, the only business that i have and know very well of is ICT business, if you can invest 3m on it, you are guaranteed of a 150k monthly return which i think is fair enough therefore, if you are interested in this and or more, kindly call or e-mail me on the below information.

emmanuel@blueshieldcomputersltd.com or dammyadey25@yahoo.com
07083261318, 07063385837
Damilola Adeyemi Emmanuel.

Dear L K O,

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I am overwhelmed. I have repeatedly gone through all your wise contributions and I have no regret sharing what bothers me here. Many thanks 4 all ur fatherly and brotherly counsel.

Your mum has given you a good pointer

The land in Warri which area is it
If it close to PIT Effurun, you can look at developing a minifalt/student hostel kind of thing
this will take time but it will focus ur resources
You can do this over a period of 2-3 yeara and u dont even know how baba God do am

My condolences on your dad again
Dont do the various schemes ooooooo

guy shine your eyes. .please don't let this scammerz part with ur kudi o. . .d guy only asked for ur advice for crying out loud. .gosh