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Nairaland Forum / Nairaland / General / Business / Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market (9870 Views)
Naira devaluation: BDCs get dollars at ₦393, sell for N494 / FG Rejects IMF’s Call For Further Devaluation Of Naira / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by yazga: 6:07am On Jun 15, 2021 |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by yazga: 6:12am On Jun 15, 2021 |
Yankee101:The invest in US stock market by using the king in my profile to sign up we both get free shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by livinbygrace: 6:17am On Jun 15, 2021 |
No need of reading any rubbish,all i know is by December 2021,a dollar will be equivalent to 1.000 naira .Quote me! |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Johnrake69: 6:24am On Jun 15, 2021 |
The Nigerian Financial institutions don't know what's about to hit them. They have nothing to offer the millennial generation. I can't imagine myself investing in Nigerian stock when I can buy stable crypto currency and do staking and lending on wault.finance, Ftx exchange and I can get almost 50% per annum. With the advantage of securing my investment in USD. So anything Emefiele like let him exchange Naira. millennial generation are ahead of him. This is more reason people like Buhari, Lie Mohammed should be at home playing with their grandchildren. This current economy has no place for analogue leaders 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by 4gunners(m): 6:41am On Jun 15, 2021 |
Baxilexi:A lot of things are just wrong in this country. Brilliant idea you posited, but it still won’t work if there is no sincerity of purpose. Don’t you think the banks will also hoard FX or sell to the highest bidder? |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by sinkhole: 6:47am On Jun 15, 2021 |
I am selling all my stocks on NSE this week and I am moving some to crypto and some to American Stock, through Bamboo Trading Nigerian stock is a huge waste of time, even the AGF himself dey even trade crypto too, so why not me? Guys, crypto don dey pump again o 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Hisroyalbadmeat(m): 6:49am On Jun 15, 2021 |
We have a government that is interested in digging up a degree on cow routes, that hates social media,hate crypto currencies, and you think this mofos care about the young generation, abobi die it |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by akaahs(m): 6:50am On Jun 15, 2021 |
post=102735583:Foolish comments. I'm sure u didn't read. is that the reason d op pointed out?? 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Kubernetes: 6:55am On Jun 15, 2021 |
During Soludo in 2007, I used #500,000 to buy 15,000 units of first bank shares at #33/share. Today the bonuses I got has increased it to 27,000 units. Now that the share price of the bank is #7.1/share, the value of my investment is less than #200,000 giving me a huge loss of of my investment in 17 years. What a loss in my investment!!!!! Imagine if I had bought a piece of land with the money, I am sure the value will now be over 100% 13 Likes 3 Shares |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Nobody: 6:56am On Jun 15, 2021 |
Problems has to do with transparency and ease of investment. 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by tradepunter: 6:56am On Jun 15, 2021 |
Yankee101: You have said it all I pulled all my cash from Nigeria stocks and bought foreign stocks around 2015. It's been the best decision I have ever made. 2 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Johnrake69: 6:56am On Jun 15, 2021 |
Baxilexi: So apt. But decision like this can only be taken by a leader with Ballz. They killed the economy immediately they made it difficult for people to access FX while giving a few access. On a weekly basis CBN sells $20k to BDC who in turn sell at black market rate earning almost #100 spread for doing nothing. 2 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by landforeast(m): 6:56am On Jun 15, 2021 |
Real Estate remains the best long term and medium term investment. I laugh at people who keeps millions of their unusuable hard earned money in the bank. You are simply enriching the bank not yourself. Invest in Real Estate and watch your investment grow and appreciate over time. We even have Land flipping opportunities for people who are interested in short term real estate investment. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by VeeVeeMyLuv(m): 6:57am On Jun 15, 2021 |
Kubernetes:1000% 3 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Kubernetes: 7:01am On Jun 15, 2021 |
sinkhole: Bro I just did same early this year. I lost #300k in one of my bank stock #500k investment over a period of 17 years. But don't put more than 30% in crypto because of the high volatility. I will advice you put 70% in bonds, tbills and fixed income investments since they are secured even if the yield is not high. 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by tempusfugit: 7:03am On Jun 15, 2021 |
Bad decision, explain to them what is about but never convince people to invest rentAcock: |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by techWriter1: 7:04am On Jun 15, 2021 |
Low percentage of back deflation Devaluation Poor stewardship goverment andLack of probity |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Udodiri01: 7:08am On Jun 15, 2021 |
Who will buy crappie Nigerian shares.. The first bank share worth 100k wey my sis buy 5 years ago the busy the send am 98naira every year.. The other bank sef no the send anything... The use our money the flex and time value of money is very prevailant because of downward trend of devalueing and volatile naira. The best way to save is to save ur money in hard currency. Very soon we will adopt using dollars as a legal tender 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Oritna94(m): 7:17am On Jun 15, 2021 |
Who will invest in Nigerian stock exchange? My assets are in usdt and a small portion in yield farms churning me returns every day. No need to kill myself with Nigerian stocks. It is on a road of no return. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by sinkhole: 7:24am On Jun 15, 2021 |
Kubernetes:You're right, Bro. I am actually doing that crypto thing with the highest caution I am into Nigerian fixed income investment but for the stocks, I am going out of Nigeria 2 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by yusluvad(m): 7:54am On Jun 15, 2021 |
All are products of bad governance... Yankee101: |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by LagbajaTheBEREAN: 7:58am On Jun 15, 2021 |
Whois:But we all know they are... |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by SocialJustice: 8:01am On Jun 15, 2021 |
Storing your money in naira assets is stupid and should be avoided at all cost. Devaluation and inflation will ruin your portfolio. Cryptocurrencies are the easiest way to store your money in dollars. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by khalids: 8:03am On Jun 15, 2021 |
Kubernetes: Bros...you see that period heen.....the stock market just scammed people...there was huge inflow of funds...A lot of people bought shares within that period.....I bought from seven different companies spread across different industries. 50% of my income was going into shares, at the end of the day non is performing even after 17years...... Naija shares na scam....don't even waste your time....banks will be posting huge end-of-year profit, Dangote will be claiming billionaire status....people who are shareholders will be posting loss.....nonsense They have broken the trust millennials gave them, and it cannot be returned. Me i don move go NYSE via bamboo...As they devalue naira i make more money....I no fit shout abeg 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Nobody: 8:07am On Jun 15, 2021 |
Who still puts money in nigerian stocks? |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Nobody: 8:08am On Jun 15, 2021 |
Kubernetes: Imagine buying some foreign stocks then Wonder the value today 2 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by BOSSFX: 8:17am On Jun 15, 2021 |
Hmm. 1 Like |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by authority2006(m): 8:26am On Jun 15, 2021 |
Yankee101: Plus MMM Crypto Digital Farming E Cooperative And other shiity investments. It all boils down to Get Rich Quickly Syndrome 1 Like 1 Share |
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