The Power of Land Banking
People have built incredible wealth, more than you can imagine from land banking. And I tell you this the risk of investing in land banking is relatively low.
You might wonder why investing in landed property is necessary when you could amass wealth by just purchasing a variety of shares of company stocks.
Let me explain why purchasing stocks might not be the best investment for you, especially in a developing country like Nigeria.
It is commonly known that less than 20% of the stocks Warren Buffet owns are responsible for his wealth. Only 20% or less of stockholders' total holdings are currently economically viable.
Even if you start diversifying your stock portfolio now, do you really think you can be another Buffet? A long shot so to say.
Every investment is risky and requires thorough analysis and promises great rewards in the same breath. Ben Graham, the author of intelligent investor defines an investment operation as one which, upon thorough analysis, promises the safety of the principal and an adequate return.
Just like every investment, investing in land banking requires two gifts; foresight and humility. Firstly, what is land banking? Land banking is basically buying land and holding on to it for its value to appreciate before selling. You can keep it for years allow it to appreciate and sell it for a whole lot more than you purchased it.
You need wisdom and the ability to grasp the bigger picture to buy land. The ability to predict future development in a certain location and identify areas with the potential to become urban areas. Also, you need humility to not ignore a developing sector right now.
Do you know that land bought in Lekki for a hundred thousand 20 years ago is worth over 50 million naira now? Land banking. Go buy land somewhere today and build your future NOW! If you don’t invest today, you will pay those that did it yesterday much more.
The testimonies from our clients from years back give me the joy to help more people build their futures through investing in prospective properties.