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.

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.

davien:
I'd rather talk on them here bro(learnt a lesson relating with people live)

The safest ways to make money in crypto right now are ;

1. Through Stablecoins
2. Through exchanges
3. Delegating to new blockchains
4. Selling gaming nfts

I do all 4 from late 2020 and my life changed. Highest I can give is that for stablecoins staking go to coingecko and search through exchanges with score of 5 and above, register, verify, compare their rates and save accordingly.

If you want to buy a crypto with a lot of upside potential and little risk, buy a staking coin that's tied to an exchange and use it to farm more coins/money.

Delegating to new blockchains like atom, Juno, Osmo etc grants you airdrops worth millions(Google it for yourself)

Then NFT games like gods unchained I've made money while playing their card games and selling unique cards I unlock plus they airdropped millions(in naira terms) late last year.

Peace out and good luck.

@harpahrah(no vex, I don't get in touch with people anymore).

hibeebeeking:
Someone asked a question which is useful to everyone,see their response. This is one of the reasons , most people are jobless. Everyone needs to take this seriously.

chrisdking1:


I’ll allow the Percentages do the explaining.

wonlasewonimi:



I have always been wondering why they need you to invest. If I havea secret sauce to make money, I will not share it!

austine4real:


Come and do real estate cash back with us 15-35% profit per annum

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.

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.

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
Stanbic Money Market Fund (MMF)

Thank you.

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.

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.

Slayar:
I'm surprised you typed Cryptocurrency / forex in same line with scam .

Slayar:
I'm surprised you typed Cryptocurrency / forex in same line with scam .

perambulator:


Let me share with you a truth about crypto and traders. 80-90% of them lose money on the long run. The truth about all these people who promise high returns is that very few of them can consistently deliver and most lose everything given time. Those who make money consistently do not make consistently big returns every month to be able to promise the kind of outlandish returns they do and fulfill the said promises.

emmadejust:
.


Branch loan app .... Sure deal on any amount invested ... ... Paid 20% every monday

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:


I own a real estate company. I’m looking to diversify but I don’t do estate schemes. Thanks.

AFONAMARO:




I am aware that 20m can fetch you additional 20m in ten years. The longer the tenure, the better the returns, depending on the amount invested

perambulator:
if you understand the power of compounding, you will truly understand. That a successful trader does not need outside money

I have seen people offer 10% 20 % and more per month if someone can give you that much it means he is making much more. Well if you know you can make 30% per month (this is very achievable for the truly successful) then why do you need my money because even if you are broke and have no money you can find 100k of your own money (sell something you own) and in 12 months you have 3.5m another 12 months you have 131million from your 100k!!!! So why share your profits? You see why I say those who can don’t need or want other peoples money because no matter how little they have they can grow it exponentially!!!!

perambulator:


Did I read that correctly, 100% return in 10 years?
That is a value and wealth destroying investment

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!

perambulator:


Did I read that correctly, 100% return in 10 years?
That is a value and wealth destroying investment

Reference:


Is this an 'investment'?....

PrimadonnaO:
A decent thread.

Not snakes, and women-bashing.

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.

bigpicture001:
Monitor a progressive business around you and ask to asist with fund to grow faster with all term ND condition legally sorted out


Some gave me his idle 7million with all legal backing .. I am to pay 100k monthly and his 7 million will still be intact.... I agreed. I am a risk taker.. we are six months down the line and av paid him 600k..

And saved up 3.6 million for his payback whilst earned about 3.5 million aside the 3.6..

See, everybody is a winner!

Susily:



Exactly bro. Those that know their onions don't need external funding but no mortal can consistently make 30% per month. It's not possible

Even the Greatest investor of all time, Warren Buffett Makes just 25% return per annum on his Berkshire Hathaway investment

Susily:


10% return on an investment per annum is very healthy and sustainable

You can't consistently sustain 30% per annum return on an investment. Even Warren Buffett (the Greatest investor of all time) can't do that