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I Just Got My Inheritance; I Need Your Advice - Business - Nairaland

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I Just Got My Inheritance; I Need Your Advice by Boogiebee: 2:12pm On Jan 23
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen

405 Likes 30 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Boogiebee: 2:13pm On Jan 23
Moderators, kindly help push this to the first page. I need all the advice and suggestions I can get. Thanks

Edit Thanks to the mods who pushed this to the front page #grateful.

Thank you all for your kind words and advice. I have taken my time to go through them all and I will definitely be looking into some of them.

For those with the opinion that I should continue my father's business, unfortunately he was not a business man. He was a man who worked for 35 years and retired at the apex of his career. So yeah.....

PPS : Please let the investment emails stop biko. I am not interested.

PPPS: Why y'all calling me bro?

35 Likes 7 Shares

Re: I Just Got My Inheritance; I Need Your Advice by gasparpisciotta: 2:15pm On Jan 23
Please don’t be in a hurry to invest and be careful with all manner of get rich sooner than soonest schemes.

Approach a reputable stock brokering house to guide on buying share of blue chip companies

272 Likes 19 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Jestin: 2:15pm On Jan 23
Use the money to jakpa.

158 Likes 8 Shares

Re: I Just Got My Inheritance; I Need Your Advice by adeprof18(m): 2:16pm On Jan 23
I don't have much to say about you and your 8mill, but my advice is you open a dollar account for your bro and save his 6mil there for him, when he is sure of any investment in future, he can do whatever he likes with the money

585 Likes 33 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Unibenfucker(m): 2:18pm On Jan 23
adeprof18:
I don't have much to say about you and your 8mill, but my advice is you open a dollar account for your bro and save his 6mil there for him, when he is sure of any investment in future, he can do whatever he likes with the money


And what happens when the dollar crashes by this year ending

88 Likes 8 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Animegirl(f): 2:19pm On Jan 23
Jestin:
Use the money to jakpa.

undecided like is easy to leave without proper plan.

53 Likes 2 Shares

Re: I Just Got My Inheritance; I Need Your Advice by AVECDEO: 2:23pm On Jan 23
Unibenfucker:



And what happens when the dollar crashes by this year ending

Even sef!

You can never peer dollar with naira in terms of value.

Are you African...do you live on the continent.?

210 Likes 7 Shares

Re: I Just Got My Inheritance; I Need Your Advice by AVECDEO: 2:27pm On Jan 23
Please go and develop a rental property and rest...business and 9-5 no dey too corollate another business...na chop dem go dey chop your money.

100 Likes 9 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Jestin: 2:30pm On Jan 23
Animegirl:


undecided like is easy to leave without proper plan. With Nigerians considering to vote Tinubu in 2030 after monumental failure like Buhari, to jakpa is the best plan


3 Likes 5 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Unibenfucker(m): 2:32pm On Jan 23
AVECDEO:


Even sef!

You can never peer dollar with naira in terms of value.

Are you African...do you live on the continent.?

There's no brainer that by this year ending September , there would be a little apprection in the naira. Once dangote starts refining. Aren't you aware they just completed the mechanical works on the refinery. The fertilizer part has started producing fertilizer since last year. This September,the refinery would kick off

35 Likes 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by adeprof18(m): 2:48pm On Jan 23
Unibenfucker:



And what happens when the dollar crashes by this year ending
Anything could crash, crypto, naira or any investment. But saving in dollar will be better IMO

135 Likes 3 Shares

Re: I Just Got My Inheritance; I Need Your Advice by chocboi78(m): 3:13pm On Jan 23
Consider your fathers line of business that made him able to leave inheritance for you the offsprings

400 Likes 20 Shares

Re: I Just Got My Inheritance; I Need Your Advice by CaptalnMitch: 3:19pm On Jan 23
I have sure 2odds you can be staking some of your inheritance on

53 Likes 8 Shares

Re: I Just Got My Inheritance; I Need Your Advice by deltateam: 3:36pm On Jan 23
gasparpisciotta:
Please don’t be in a hurry to invest and be careful with all manner of get rich sooner than soonest schemes.

Approach a reputable stock brokering house to guide on buying share of blue chip companies

Shares is outdated. They are worth peanuts. Their era is past.

Although I support you saying he shouldn't be in a hurry


I suggest putting his brother's portion in fixed deposit.

157 Likes 4 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Afuye1(m): 3:41pm On Jan 23
Invest in mutual funds it will yield good dividends every month. Make enquiry about it and you'll be glad you did. Ask banks about the stuff. You can also withdraw your money at any time. It will be a good investment for your Broda too.

15 Likes 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by chillex8(m): 3:43pm On Jan 23
CaptalnMitch:
I have sure 2odds you can be staking some of your inheritance on
cheesy

10 Likes

Re: I Just Got My Inheritance; I Need Your Advice by PrinxArthur1(m): 4:08pm On Jan 23
Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen
just buy bond, it is the safest long term investment in Nigeria with guarantee

49 Likes 5 Shares

Re: I Just Got My Inheritance; I Need Your Advice by silibaba: 4:26pm On Jan 23
Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen

If you like put it in bitcoin

Progidal son, loading

14 Likes 3 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Nitah1: 4:46pm On Jan 23
Use that money 6+8=14m is enough for you and your bro can use that to escape this hell of Fulani republic.

55 Likes 2 Shares

Re: I Just Got My Inheritance; I Need Your Advice by IjapaTiroko: 5:26pm On Jan 23
.
First, if you are not business inclined, DON'T do any business, just stick to your job. But if you are business inclined, travel round, make thorough investigations (if possible, do boy-boy [internship] in the business market), then invest in the business. (I'll advise food or electronic business sha)

Second, avoid investing any amount in naira in any financial institution in Nigeria because naira loses value super fast these days of Buhari. Instead, you may invest your brother's 6m in buying US Dollars, Euros, British Pounds, and Chinese Yuan because these are stable currencies that doesn't lose value sharply like naira does. You can do this ONLY through a Nigerian bank. NEVER visit a bureau de change cuz they may give you fake or expired currencies (Yes, currencies do expire, especially Western currencies). Open the different accounts and keep the currencies in them.
Or you could buy solid minerals like gold, diamonds, etc and keep them WITH your bank. You may ask your bank for advise about this. But NEVER hold any currency investment in Naira, or any other unstable currency.

Third, IF (and only if) you have interest in migration, and age is on your side, you can migrate to any economically growing Western country (North America or Western Europe). With 8m, you should migrate now before naira falls further. You can go further studies or for migration proper.

127 Likes 12 Shares

Re: I Just Got My Inheritance; I Need Your Advice by 007s(m): 5:40pm On Jan 23
Convert to dollars and deposit in a dorm account till further notice. ....if you don't have any use for it right now....
If you are going to invest , invest in a dollar denominated security....

33 Likes 2 Shares

Re: I Just Got My Inheritance; I Need Your Advice by 007s(m): 5:42pm On Jan 23
Unibenfucker:



And what happens when the dollar crashes by this year ending
Dollar crash with 15% inflation rate in Nigeria and 2% in USA.....forget it no dollar is crashing

65 Likes 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by rainlover(m): 6:09pm On Jan 23
Might be a good time to buy BTC and hold.

Don't ever make the mistake to invest your money with anybody.

You can start blogs in different EVER GREEN NICHES targeting audience from the tier 1 countries. With your money, you can hire good writers from Nigeria and also run social media campaigns to promote your blog. In 2 years time, you will be glad you did.

9 Likes 3 Shares

Re: I Just Got My Inheritance; I Need Your Advice by Maks27: 6:33pm On Jan 23
Kindly help me with 50ksir

2 Likes 2 Shares

Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:51pm On Jan 23
CaptalnMitch:
I have sure 2odds you can be staking some of your inheritance on
lolzzzzzz
weti de worry some of una sef?

29 Likes 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:52pm On Jan 23
silibaba:


If you like put it in bitcoin

Progidal son, loading
Jealousy

1 Like

Re: I Just Got My Inheritance; I Need Your Advice by Nobody: 6:52pm On Jan 23
Go into cosmetic biz. Very lucrative and you don't need much capital to start even if you decide to start big. Save the remaining while you live off the the proceeds from your cosmetic biz which will begin to yield in no time and from it you keep expanding.

You can open a drugstore by the side. Drugs sell fast too.

Thank me later.

5 Likes

Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:55pm On Jan 23
Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen
Just fix the money in a fixed deposit account and continue with the work u are doing at the moment.Dont take any advice from anyone here at the moment and if u are too eager to invest,just look for a nice area and secure like 3plots of landed property.

44 Likes 7 Shares

Re: I Just Got My Inheritance; I Need Your Advice by i926(m): 7:05pm On Jan 23
Boogiebee:
Hello Nairalanders,

So straight to the point. Please I need your advice about two things.

1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration.

2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions.

May the soul of my beloved Father continue to rest in peace. Amen

1. Use 2million buy 2 plots or even 1 plot of land.

2. Invest 1million in crypto.

3. The remaining 5m, just forget it in your bank account.

36 Likes 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by vintageviniba: 7:47pm On Jan 23
Hello Boogiebee!! You can actually invest in buying of Nigerian Used cars and reselling them... i know you dont know about this car dealer thingy.. you can call me or WhatsApp:07053479654... if only you are interested.. I am a car dealer and i can put you through.

1 Like 1 Share

Re: I Just Got My Inheritance; I Need Your Advice by DemMannaScam: 7:50pm On Jan 23
Wretched payoneer thief dey advice person cheesy
Wonders shall never end
Meanwhile your USELESS mama remains an idiot, a CURSED idiot.

cheesy cheesy cheesy



[s]
Nitah1:
Use that money 6+8=14m is enough for you and your bro can use that to escape this hell of Fulani republic.
[/s]

5 Likes

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