davien:
You said no cryptocurrency yet it's one of the best means to save.

You can lockup your usdt(avoiding Nigerian naira inflation) to earn 10-15% per annum through exchanges like binance, huobi, Okex, big one, etc.

You can save flexibly through Ancor savings and get 20% APY daily withdrawable income.

You can stake 20 Osmo and be paid 60% yearly and qualified for airdrops.

Make I no cast everything but there's money to be made in crypto(safely) if you're wise.

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM



Thank you.

chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

perambulator:


Fixed deposit in Nigeria is a waste of time if you really understand money. Why? The amount of interest may sound high but it is high for a reason…..inflation in Nigeria is high. If you take a course in finance, one of the 1st things you will learn is that you have to look at your returns relative to inflation. So if you have a return of 15% but inflation of 20%, you are actually losing wealth even though on paper you have more “money”. Before you invest you need to understand some concepts like inflation, relative return, and the difference between wealth and money! The fact that you have more money than you started with does not mean you are wealthier!!!! 1 billion Naira may sound like a lot but it does not make you a rich man because it cannot buy much in Nigeria!!!! You buy a decent land in ikoyi as a “rich man” and you will find you will struggle to build a decent house with what is left, then you will know billion in Naira is nothing!!

Let’s say a piece of land costs 10m and a car costs 10m but you decide to put 10m in the bank and get 30% pa interest. If after a year you collect your 13m and are feeling richer until you realize that car is now 15m and the land is 16m, you’ve actually damaged your wealth by putting your money in fixed deposit despite on paper having more money. A good investment you should be able to buy more that what you could before you invested.

Long and short if you put your money in a fixed deposit, when you get your money back with your big interest can you buy the same items you could buy if not you have actually lost wealth and you are poorer despite having more “money”. So a good investment is either one that protects your wealth or increases your wealth. That is the question you need to answer. You investment needs to at the very least protect you from inflation but also grow your wealth.

I hope that helps!

joey150:


20% per annum is too good to be true.

Sounds like one big ponzi scheme.

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

EgunMogaji2:


Thank you for asking this question. I need answers too.

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

Enyman:
Mutual Trust here in Maitama has the best interest rate for Fixing.Up to 18%.A coded way many rich folks are investing their money.My spouse is one of their top marketer/manager.Hit me up if interested.Zero-seven-zero-three-five-four-five-three-nine-seven-three

OMOGBEHIN36:



A lot of business opportunities in Lagos,
Like what and what ?

perambulator:


Fixed deposit in Nigeria is a waste of time if you really understand money. Why? The amount of interest may sound high but it is high for a reason…..inflation in Nigeria is high. If you take a course in finance, one of the 1st things you will learn is that you have to look at your returns relative to inflation. So if you have a return of 15% but inflation of 20%, you are actually losing wealth even though on paper you have more “money”. Before you invest you need to understand some concepts like inflation, relative return, and the difference between wealth and money! The fact that you have more money than you started with does not mean you are wealthier!!!! 1 billion Naira may sound like a lot but it does not make you a rich man because it cannot buy much in Nigeria!!!! You buy a decent land in ikoyi as a “rich man” and you will find you will struggle to build a decent house with what is left, then you will know billion in Naira is nothing!!

Let’s say a piece of land costs 10m and a car costs 10m but you decide to put 10m in the bank and get 30% pa interest. If after a year you collect your 13m and are feeling richer until you realize that car is now 15m and the land is 16m, you’ve actually damaged your wealth by putting your money in fixed deposit despite on paper having more money. A good investment you should be able to buy more that what you could before you invested.

Long and short if you put your money in a fixed deposit, when you get your money back with your big interest can you buy the same items you could buy if not you have actually lost wealth and you are poorer despite having more “money”. So a good investment is either one that protects your wealth or increases your wealth. That is the question you need to answer. You investment needs to at the very least protect you from inflation but also grow your wealth.

I hope that helps!

chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

Aburada:
Damn niggar!

Grabs my weed while I learn one or two.

Apart from smoking weed, drinking, banging of pussy and bombing or rather keyboarding.

A real nigger must learn everyday twice on Tuesday afternoon





I miss Slawormiir on this forum, how long do we have to wait until you come back?

SimeonOTC:


please what is branch nigeria??
how does it work??
how secure it is??
when have you been using it??

damzy88:
I like your ideas. Do you have specific examples of the kind of investment one should look into?

damzy88:
I like your ideas. Do you have specific examples of the kind of investment one should look into?

SimeonOTC:


please what is branch nigeria??
how does it work??
how secure it is??
when have you been using it??

muhamm3d:

Thank you a lot and more grease to your elbow. Also, if you don’t mind what are your suggestions about those investment that can increase wealth or at least protect wealth. Thanks a lot.

damzy88:
I like your ideas. Do you have specific examples of the kind of investment one should look into?

yMcy56:
@Lyydia
You can invest in:
** Sound fundamental stocks that are consistent with dividend payments.
** Government Bonds
** Treasury Bills, or
** Mutual Funds........ precisely Money Market Fund.

Search for T-Bills, Mutual Funds or Nigerian Stock Exchange Market Pick Alerts in the Investment Section to learn more.

Tobedated:

hey please can i pm you i have some questions on cryptocurrency mainly staking