Lifestone:
He should tell us what company shares his father bought and not to generalize. Those who bought into Nestle shares and Dangote sugar and Cement are much happier. It's all about investment education and knowledge.

Urheadmaster:
Crazy clown should hold Bola Ahmed Tinubu responsible

Lifestone:
He should tell us what company shares his father bought and not to generalize. Those who bought into Nestle shares and Dangote sugar and Cement are much happier. It's all about investment education and knowledge.

seunmsg:


If you are knowledgeable about the capital market, you would know that most people that invested heavily in the market between 2002 and 2008 lost almost everything to the market collapse that happened between 2009 and 2010. His father lost everything even before Buhari became president not to talk of Tinubu.

TruthsFM:
Hmm 🤔. Na huge inflation in the economy caused it

1 million naira stock my dad bought for us in 2002 is now valued at N11K” – Craze Crown cries out

He said that in 2002, their father, concerned about their future, decided to buy shares with the expectation that they would appreciate and convert into a large sum of money.


“You have failed as a mother if your son prioritizes you over his wife” -Skit maker Craze Clown

Craze Crown, a popular comedian, regrets the discovery that the one million naira stock his father purchased for them 11 years ago is now worth only N12,000.

The legendary comedian made the announcement on his Instagram page while lamenting the country’s current state.

He said that in 2002, their father, concerned about their future, decided to buy shares with the expectation that they would appreciate and convert into a large sum of money.


Unfortunately, this was not the case, as the currency had devalued to 11,561.46.

He was furious at how worthless it had become and questioned what he was supposed to do with such a small sum of money.


https://www.gistlover.com/1-million-naira-stock-my-dad-bought-for-us-in-2002-is-now-valued-at-n11k-craze-crown-cries-out/

HitlerWasRight:


This has nothing to do with inflation because if it were due to inflation , those shares should be trading upwards of hundreds of millions .

The company is a shitty company whose value plummeted below its original opening price.

I am sure it's now trading at less than 2kobo a share against the original standard offer of #10.

This has to do with the sharp practices and lack of regulation that plagued the NSE in the early 2000s .

It was a shark tank back then and every idiot with a CAC liscence could play the crap tables known as the NSE.


I won't advice my enemy to put one kobo in the NSE.

kereman1:
Lol.
To save in naira is the worst financial decision anyone can make, instead of saving in naira, but dollar and save it, or invest in real estate or japa

StOla:


You are the only one who understands what played out.

The company stocks simply collapsed.

Nothing to even do with Nigerian economy or dollar rate.

Other companies since that time have since appreciated in Naira value.

CoronaVirusPro:
Tesla

Amazon

Google Alphabet


💯💯💯💯💯💯💯m

Simple information can make you wealthy if you listen!

seunmsg:


If you are knowledgeable about the capital market, you would know that most people that invested heavily in the market between 2002 and 2008 lost almost everything to the market collapse that happened between 2009 and 2010. His father lost everything even before Buhari became president not to talk of Tinubu.

globalresource:
My dad bought plenty shares at different bank with his sweat. I remember 2008 to 2010. God if he had encounter bitcoin then. But now the hundreds of thousands then are nothing to write home about

SWaccomodator:
Invest in Nigeria and weep

Lifestone:
He should tell us what company shares his father bought and not to generalize. Those who bought into Nestle shares and Dangote sugar and Cement are much happier. It's all about investment education and knowledge.

HitlerWasRight:


Tesla is a scam and has not posted a single profit in its entire 20ys of existence.

TruthsFM:
The N1m shares my dad bought in 2002 is now worth 11,561.46Naira, how? - Craze Clown


https://www.youtube.com/watch?v=BtAyjUX7MXw?si=_OmTzdSrgYZErvcY

Lifestone:

I disagree. It's investment in Nigeria that made Dangote the richest black man on the planet. It's not all about Nigeria, also it has to do with us.
We MUST believe in Nigeria. I do.

seunmsg:


If you are knowledgeable about the capital market, you would know that most people that invested heavily in the market between 2002 and 2008 lost almost everything to the market collapse that happened between 2009 and 2010. His father lost everything even before Buhari became president not to talk of Tinubu.

seunmsg:


It depends on the shares of the company you bought. Most people before 2009 bought overvalued banking shares. A lot of the banks are dead or have her acquired by other banks at ridiculous prices.

First bank is one of the biggest and most capitalized banks in Nigeria till today. They did a public offer in 2007 at about N30 per share. As at the close of trading on Friday, First bank share was sold at around N16. If first bank has lost over half of her share price since 2007, imagine how the portfolio of someone that invested in BankPHB, Diamond bank, First Atlantic, Skye bank, Oceanic etc would be right now.

TruthsFM:
Hmm 🤔. Na huge inflation in the economy caused it

1 million naira stock my dad bought for us in 2002 is now valued at N11K” – Craze Crown cries out

He said that in 2002, their father, concerned about their future, decided to buy shares with the expectation that they would appreciate and convert into a large sum of money.


“You have failed as a mother if your son prioritizes you over his wife” -Skit maker Craze Clown

Craze Crown, a popular comedian, regrets the discovery that the one million naira stock his father purchased for them 11 years ago is now worth only N12,000.

The legendary comedian made the announcement on his Instagram page while lamenting the country’s current state.

He said that in 2002, their father, concerned about their future, decided to buy shares with the expectation that they would appreciate and convert into a large sum of money.


Unfortunately, this was not the case, as the currency had devalued to 11,561.46.

He was furious at how worthless it had become and questioned what he was supposed to do with such a small sum of money.


https://www.gistlover.com/1-million-naira-stock-my-dad-bought-for-us-in-2002-is-now-valued-at-n11k-craze-crown-cries-out/

Blaze14k:


These are the kind of people that will tell you why ain't investing in Nigeria buh now he is criticizing someone who invested since 2002. Is this clown trying to tell me all these magic tinubu is doing has not been able to grow that shares to reasonable amount or is he trying to say his father is clueless.

Addme:
The level of comments up there really showed how people lack knowledge of Capital market.
Crazy Clown could have done better to tell us the Company share his father bought.

CoronaVirusPro:


That’s impossible!


Your information is false. A prominent US company of such net worth, cannot try such.