Good day NLers,
I am a a young man with a decent job...not too much, but takes care of basic needs...
I have saved a token, but the lack of economic direction of this new govt is confusing me...
Inflation is killing the value of my money in the bank, the few businesses I tried to make enquiries about seem to be in difficulty and businessmen are telling me these are hard times for them too...i'm kinda confused...some say I should wait till January when the economy gets a direction, but the way things are going, I don't know waht the value would be like in Jan!
Pls advise? What is the best in this circumstance!
Thank you! No political discussion pls! Strictly economical!

Buy gold jewelleries and keep

Sell later when d economy has direction
Dat wat way u won't lose ur savings to inflation

Guy wait till January ooo..

Nothing is straight for now.

Unless una get some kind under G tins

commitcrime:
Buy gold jewelleries and keep

Sell later when d economy has direction
Dat wat way u won't lose ur savings to inflation

Thanks oh! Hut I tried the Jewelry thing between 2007 and 2011 and I lost quite some money also..for example: i sold some pieces I bought for 15k in 2007 went for about 9k in 2011..overall I lost about 25% on my investment! That was the same period our stock market crashed!

I think i'll wait till January, but the inflation no be small thing oh! Make I wait am out sha!

MansaMoussa:

Thanks oh! Hut I tried the Jewelry thing between 2007 and 2011 and I lost quite some money also..for example: i sold some pieces I bought for 15k in 2007 went for about 9k in 2011..overall I lost about 25% on my investment! That was the same period our stock market crashed!

I think i'll wait till January, but the inflation no be small thing oh! Make I wait am out sha!

Instead of leaving the money in your account idle, register for 3 months t.bills next week auction. No risk

Royal155:
Instead of leaving the money in your account idle, register for 3 months t.bills next week auction. No risk

Makes sense..tnx loads

Can u trade Binary, making cool cash in ur bank account?

MansaMoussa:
Good day NLers,
I am a a young man with a decent job...not too much, but takes care of basic needs...
I have saved a token, but the lack of economic direction of this new govt is confusing me...
Inflation is killing the value of my money in the bank, the few businesses I tried to make enquiries about seem to be in difficulty and businessmen are telling me these are hard times for them too...i'm kinda confused...some say I should wait till January when the economy gets a direction, but the way things are going, I don't know waht the value would be like in Jan!
Pls advise? What is the best in this circumstance!
Thank you! No political discussion pls! Strictly economical!

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Why not simply convert your money to dollars or pounds? I think you stand to gain a lot by doing so

7footre:
Why not simply convert your money to dollars or pounds? I think you stand to gain a lot by doing so

i can't advice him to buy dollars or pounds especially now that our economy is in a bad shape or should I call it bad rhythm. My advice is for him to save that money in a diamond bank account, wait till January & see if the federal Government can implemente a policy to help the economy. Thanks You!