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Nairaland Forum / Nairaland / General / Investment / Why Are Home Based Nigerians Such Terrible Investors? (1708 Views)
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Re: Why Are Home Based Nigerians Such Terrible Investors? by Tejuri(m): 7:57pm On Sep 09, 2020 |
Luftwaffe:Yeah, etoro will actually only let you withdraw the same way you deposited. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by Luftwaffe(f): 8:03pm On Sep 09, 2020 |
Re: Why Are Home Based Nigerians Such Terrible Investors? by JBiden: 9:59pm On Sep 09, 2020 |
freeman67: You clearly know nothing about investing. Even a whole Facebook usually gets rejected by potential investors. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by SavageResponse(m): 2:14am On Sep 10, 2020 |
JBiden: At least with TB you know where your money is. Most of these so called entrepreneurs are not even bold enough to risk their in money in their own projects. They prefer to use another person's money to do experiment and when they loose the money they start giving bullshit excuses. The business always looks go on paper until it's time to actually implement it |
Re: Why Are Home Based Nigerians Such Terrible Investors? by SavageResponse(m): 2:16am On Sep 10, 2020 |
JBiden: He knows a lot more than you and it's very clear! 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by SavageResponse(m): 2:20am On Sep 10, 2020 |
BlueOrange: No one owes you any obligation to invest in your business especially since you're not even confident enough to put your own money in the business! 2 Likes |
Re: Why Are Home Based Nigerians Such Terrible Investors? by JBiden: 5:43am On Sep 10, 2020 |
SavageResponse: Ah the tbills warriors. I can already see how myopic your financial reasoning is. "At least with TB you know where your money is" lol mehn, this guy. Those who aren’t emotional are the best investors It isn’t just buy and hold. It's about suppressing emotions(fear) and expressing rationale(intelligence). The amount of knowledge and analysis skills he or she has. The level of these two elements determines the level of ability in investing and a strong sense of business acumen too is always welcoming and helps you to asses if one investment is good or bad. Truth be told, no one has a really good answer. There is no true science to investing, and certainly not for Private Equity/VC investments. VCs, on average, are even worse. Most of their investments are spread out among very unrelated assets and few, sometimes none, bring up truly superior returns. Airbnb, uber, snapchat and spotify are bleeding heavily(not profitable) yet there are investors(VCs) pumping in millions into the company. I'm sure because you're sure of your tbills, you wouldn't even put money in these companies. Anyhoo, what separates solid investors from the rest? -Correct conceptual understanding of investing. -Rationality -Consistency -Very sharp people reading skills -Investigative skills too -Patience Oh, it should also interest you to know that getting funds from investors is more prudent than using your own money to run business. It's standard practice. Bezoz is a billionaire but he still relies on investors' funds(stocks) to run Amazon and blue origin. 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by freeman67: 9:02am On Sep 10, 2020 |
JBiden: You clearly know everything about investing...! You could watch the film called SOCIAL NETWORK written by Aaron Sorkin and directed by David fincher. It depicts the idea of how Facebook started. Mark did not start Facebook by cajoling total strangers to come and invest in ideas that he or those around him could not risk investing anything in. The story of how the CEO of Dangote group started is in the open for everyone to see. He did not start cajoling total strangers to come and invest in what he can not proof the viability to them. That said, you can also Google sources of startup finding/capital it is there for everyone to see. Even If an investment is viable every investors may not see it but eventually it will get the attention people that understands it. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by JBiden: 9:55am On Sep 10, 2020 |
freeman67: What rubbish are you saying? When you are pitching an idea to investors, aren't you trying to cajole total strangers to invest in your idea? Do you know who ANGEL INVESTORS are? Do you know how many times Zuckerberg's idea for Facebook was rejected? And it was a total stranger(Peter Thiel) that invested $500k in a bunch of school boys running fb then in their hostel room. https://fortune.com/2011/01/11/timeline-where-facebook-got-its-funding/ "Mark did not start Facebook by cajoling total strangers to come and invest in ideas that he or those around him could not risk investing anything in." see if you don't understand the meaning of certain words, don't use it. When you take a risk on a certain venture or business, you put money knowing it's a 50/50 chances of success or failure. That why it's called RISK! There is no way in heaven for you to know if a venture will be profitable or not because you cannot see the future e.g AskJeeves: a victim of the dotcom crash. But course, I'm sure I have to explain the dotcom crash to you too. 2 Likes |
Re: Why Are Home Based Nigerians Such Terrible Investors? by emmanuelewumi(m): 12:18pm On Sep 10, 2020 |
Tejuri: Different strokes for different folks. Investors should invest in whatever suits their temperament, age, knowledge, experience, income and cash flow. Treasury Bill or money market are actually not an investment but a saving scheme, which is not bad. Anybody with savings is far better than 95% of Nigerians, just 2% of the population can conveniently live solely on the passive income from their Investments. 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by emmanuelewumi(m): 12:20pm On Sep 10, 2020 |
freeman67: Ha ha ha, you have touched a nerve there and it hurts. Return of my money is more important than returns on investment 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by emmanuelewumi(m): 12:26pm On Sep 10, 2020 |
JBiden: But was not rejected by his parents, sibblings, close friends etc. When Peterside Atedo started Stanbic IBTC about 30 years, the first set of investors were his father, mother, high school mates, friends, relatives. He also sold his 2 cars in order to get the funds to invest in his dreams 2 Likes 1 Share |
Re: Why Are Home Based Nigerians Such Terrible Investors? by emmanuelewumi(m): 12:28pm On Sep 10, 2020 |
SavageResponse: Private Equity Investors , angel Investors, Investment Banking firms are looking for opportunities to invest in, provided they can meet up with their stringent conditions. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by freeman67: 2:17pm On Sep 10, 2020 |
JBiden: I do not know who ANGEL INVESTORS are but from your analogy, I will assume they are just investors looking for Investment to throw money at without due diligence. I think Oga Emmanuel has already answered you on that. In a family, when growing up parents, siblings and relations observe our characters. If you demonstrate that you can handle responsibilities, you would see yourself being trusted with some. Some families sometimes sell land to invest in the ideas and dreams of their wards because they believe it will yield returns. First means of capital for Investment ideas is from your personal saving , then your family and friends before others. Other means of most times is even for expansion of what is on with you ability to demonstrate that you can do more. That way, you will have proof that what you have is worth the risk. I was was told you wrote the dictionary and as such understand all the words in it better than anyone. However, I will say individuals levels of risk tolerance are not and can never be the same. The man you came to defend want sham those subscribing to TB with minimal risk as against his own high Investment ideas that he and his family members are not even convinced enough about. Shaming and cajoling a total stranger into parting with his funds instead of convincing him/her or bounce if he/she is not interested because you know what you carry. Is that something to be crying from thread to thread about? |
Re: Why Are Home Based Nigerians Such Terrible Investors? by freeman67: 2:24pm On Sep 10, 2020 |
emmanuelewumi: No so ooo. Small thing instead of sticking to the discussion they will want to bully someone off the thread because they sense you understand their tactics. Yes ooo if I no get return, I no get back my money wetin I gain. Even if I get return I no come get my money back wetin I gain? emmanuelewumi: No these ones have ability to scrutinize their activities and will put measures to checkmate and seize them if they try to be funny so they'll rather try to prey on the little savings some people have in TB. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by freeman67: 2:41pm On Sep 10, 2020 |
https://www.nairaland.com/6108474/duped-whatsapp-tv-how-recovered This are the kind of ideas that emanate from lots of them for investors these days. If this guy doesn't have the initiative of contacting his bank now he would have been made an unfortunate and unwilling ANGEL INVESTOR. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by emmanuelewumi(m): 3:31pm On Sep 10, 2020 |
Investment is quite fun, sweet and interesting especially when the returns on the investment is continuous and on an autopilot. When you are enjoying returns on your Investments, you are less bothered about what other people are investing their funds on. If you are concerned about other people's Investments, it means you are not having fun and peace of mind will your Investments 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by Nobody: 8:36am On Sep 11, 2020 |
Tejuri:See this ode. Amazon stock that is the easiest momentum stock to buy, like anyone needs to do research before buying the stocks of probably the richest company on earth. Why not tell us about buying Peloton or Telsa when it was $133 and we may take a you a little serious. |
Re: Why Are Home Based Nigerians Such Terrible Investors? by Wickedfact: 9:00am On Sep 11, 2020 |
BlueOrange: Healthserve, Kunleweb you have come again. 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by Tejuri(m): 10:43am On Sep 11, 2020 |
binghamm:I was going to ignore your classless response, but I’d give you a pass this one time. Read what I said in the post, I said all you have to do is watch the news and know whats happiness in the world of finance and you should be good. 1 Like |
Re: Why Are Home Based Nigerians Such Terrible Investors? by ayummy(m): 4:39pm On Sep 11, 2020 |
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