PeterObi4LP:
The last one I bought and that of MTN share is still running. investment is BAE

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

Niyijac:
You have sense. A lot of ignorant people here.

IyaTola:
Do you make moneynin business everyday?

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

Damian911:
I'm thinking of using palm pay fixed deposit thanks to its attractive interest rate but I'm afraid again make dem no carry my money go
What do you think of this?

AfonjaScud:


Please is investing in these MFBs mentioned secure and guaranteed ?
Thanks for responding.

maasoap:


Palmpay is the best for now. 16% annual interest rate if you subscribe to 1 week fixed saving. My weekly interest payment is paying for my data and call credit.

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

LeyeWrites:
Warren Buffett says he'll be lucky to make 14% a year, you're talking about palmpay offering 20%.


Investment is about risk assessment not profit.


Learn about finances una say no.


How safe is FG bonds compared to Palmpay fixed deposit?

maxiuc:


Making front-page on nairaland is very useless as now

Nairaland no dey sweet Like before

maasoap:


What do you mean by ignorant people? Do you even understand that as a smart investor, you shouldn't put your money into this? This one is 9% interest rate and what is the inflation rate again?
The person you quoted talked about shares, not bond. Do you understand the difference between the two at all?
Shares pay you dividend yearly and your shares may even appreciate over years. But bond, you only get your capital back at the end of the deal plus this 9% interest yearly before your capital is returned to you.

maasoap:


Palmpay is the best for now. 16% annual interest rate if you subscribe to 1 week fixed saving. My weekly interest payment is paying for my data and call credit.

Yampotatocarrot:


Please, do you mean you pay weekly and they give you interest or they pay you weekly after a one-time payment you made?

Abeg, I no too listen for Economics class, kindly explain. Thanks

yusfatedeeprof:

how is 9% of #1m, #9.5m?

That's just under 100k in a year. Some mfb in Nigeria like Palmpay, Fairmoney and Opay are giving 20% or more in one year for fixed deposit.

maasoap:


What do you mean by ignorant people? Do you even understand that as a smart investor, you shouldn't put your money into this? This one is 9% interest rate and what is the inflation rate again?
The person you quoted talked about shares, not bond. Do you understand the difference between the two at all?
Shares pay you dividend yearly and your shares may even appreciate over years. But bond, you only get your capital back at the end of the deal plus this 9% interest yearly before your capital is returned to you.

maasoap:

Various options to choose from. You can pay weekly and they return your money with interest to you in one week 16% interest.
You can choose also monthly fixed deposit 17%.
You can choose 3 months 18%, 6 months 19% or 12 months 20%.
I prefer weekly in case I need to use my money for something else.

Luckysbab:


I tell you. Though, I'm still not sure why majority see it as the 'best investment'. I think it's only a good way to tie down cash, in case the need arises in the future to sell something to raise money.

Yampotatocarrot:


Thanks, never knew all this exist on Palmpay o

Niyijac:
Ignorance speaking loudly. Study more

IyaTola:
Even at that, you cannot be liquid with rental income. You can only be by investing.

My top 5 from Warren Buffett. Because he’s a lot smarter and richer than I am.

But hey, I learn fast.

1. “I will tell you how to become rich. Be fearful when others are greedy. Be greedy when others are fearful.” Most people chase what’s hot. As euphoria builds money pours in. Until it collapses. Buffett does exactly the opposite. He buys when most people are selling. And waits when most are buying. Incredibly difficult to do. And incredibly rewarding.

2. “Price is what you pay. Value is what you get. I like buying quality merchandise when it’s marked down.” Most people chase price. The higher the price the more money flows in. Until the value can’t sustain the price. Buffett chases value. Looks for investments priced under their worth. Then buys and waits for others to discover their value.

3. “I don’t look to jump over seven foot bars. I look for one foot bars I can step over.” Most people try to hit home-runs. They speculate on the next big hit. And keep striking out. Buffett instead invests to build wealth steadily. Rare home-runs. Lots of singles that win games.

4. “Successful investing takes time, discipline and patience.” Most people want to get rich quick. So they continually take long bets that frequently blow up. Buffett takes a long term view. He’s happy to build wealth over a lifetime rather than a year or decade.

5. “What we learn from history is that most people don’t learn from history.” Most people whether euphoric or depressed refuse to learn from those who were successful. And they pay the price. Buffett always learned from others. And reaped the rewards.
Like me you might not be the smartest person in the room. So learn fast.

You can become financially successful but only as you do what most people don’t.

maasoap:

Shut up. What else do you know besides calling people ignorant? Dullard

yusfatedeeprof:

Yes, Opay and Palmpay are the top 2 for me. But Fairmoney is good too and has the highest rate. But if you want to be extremely cautious you can stick to Palmpay and Opay.

And the 3 mfb's are licensed by CBN and all deposits are insured with NDIC.

Niyijac:
Ignorance getting louder. Your knowledge of the matter has still not improved by the way. Humble yourself and learn

maasoap:

Lol. Said by someone who has made three posts with nothing to learn from.
You're empty

Luckysbab:


I admit this is interesting. Thanks for sharing.

Niyijac:
I've rattled you shey? You're still full of ignorance

nlfpmod:


https://twitter.com/DMONigeria/status/1688548905623920641



https://twitter.com/FinPlanKaluAja1/status/1689221216794779648?t=LP3qphQhjRZoKb7K9D1CPg&s=08



https://businessday.ng/news/article/dmo-offers-2-new-fgn-savings-bonds-for-subscription/

Kaysalas:

How much was mtn when you bought?