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Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? - Investment - Nairaland

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Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Easyincome24: 10:55am On Dec 21, 2020
Dr Joe Abah, a political economist with the twitter handle @DrJoeAbah set the twitter on fire with a captivating question bothering on investment.

The caption read in part, " A rich relative has just passed on and you have inherited #10 million. However, his will says that you must invest the money before the end of January 2021. What will you invest it in? "

He further explained with a clause with the following options:

A. land in Abuja or Lagos

B. Mini grid/ refinery

C. 1 Bitcoin

D. Shares

(If your option is not here, please say what you'll invest it in and help retweet)


This has generated a lot of comments and retweets from people who logically and illogically opt in for their preferred options.

Now over to you for your options.

Source:https://twitter.com/DrJoeAbah/status/1340586507774681094

Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Easyincome24: 10:57am On Dec 21, 2020
Real Estate vs Bitcoin
Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Nobody: 1:07pm On Dec 21, 2020
Who are those people pushing cryptocurrency as an option there??

I hope they know what they are doing?

Stocks are a far better option than those things. Just spread the funds out and don't put it all on companies listed on the NSE.

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Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Easyincome24: 2:38pm On Dec 21, 2020
mansakhalifa:
Who are those people pushing cryptocurrency as an option there??

I hope they know what they are doing?

Stocks are a far better option than those things. Just spread the funds out and don't put it all on companies listed on the NSE.

I think investors have lost trust in Nigeria Stock Exchange as the prices keep dwindling. They are left with no other option than to join the global wagon of cryptocurrency whether they are educated about it or not.

Financial IQ is not possessed by so many. Dr Joe is aware about this that is why he enlisted Bitcoin as part of the options.









Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Nobody: 7:58pm On Dec 21, 2020
[quote author=Easyincome24 post=97293053][/quote]

I always feel uneasy about any sort of investment vehicle that I am not so sure of and cryptocurrencies fall sharply into that category.

As far as I am concerned, it shouldn't even be part of the options. Yeah, we've seen bitcoins rise astronomically sometimes and all that but I remain skeptical about cryptocurrencies in general.

A lot of them look like scams to me and there has to be as many as 400+ out there.

For now, all my savings go to Mutual funds. Next year, I hope to grow enough confidence and take up stocks. But then, I will definitely be spreading out my investments in such a way that I would not have to put them all in stocks traded on the NSE.

I am currently looking at a couple of investment apps that can help me venture into other exchanges around the world. Exploring the possibilities.

People need to start thinking faster when it comes to investing. A lot of these cryptocurrencies sound like quick fixes to me and as far as I am concerned, in real, proper investment settings, there can be no quick fixes lest, you run the risk of losing your bucks.

1 Like

Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Tenshades(m): 10:46pm On Dec 21, 2020
To each his own

Many ways lead to the market

undecided
Re: Joe Abah: How Will You Invest #10M Before The End Of Jan.2021? by Tenshades(m): 10:51pm On Dec 21, 2020
mansakhalifa:


People need to start thinking faster when it comes to investing. A lot of these cryptocurrencies sound like quick fixes to me and as far as I am concerned, in real, proper investment settings, there can be no quick fixes lest, you run the risk of losing your bucks.

Congrats grin

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