cirtapoyat:


Are you referring to this house. 18M with finishing? I don't believe it. I have spent N10M on my bungalow building I never finish am.

u dont have too...if u like spend 1 bn

ukay2:


Sir, you were not trading real time, that was your problem then.

I had similar challenge with investment -one stockbroker that made me opened account with morgancapital group , and since I started trading by myself real time in the floor of NSE , life has become so sweet, easy , profitable and fun.....just like Madam Ndidigood has said above.

Cheers!

Thanks

cirtapoyat:


Are you referring to this house. 18M with finishing? I don't believe it. I have spent N10M on my bungalow building I never finish am.

If you can manage to buy the building materials yourself from wholesalers and even coached the project yourself, you can build a similar house with same quality for 12 - 14m.

Plus10:

One more thing boss,I was developed interest in stock trading but due to some reasons I decided to quite.During my trading experience one of greatest challenges was selling the stock after the price has appreciated. After clicking on sell on the platform(I used Meritrade) ,a times it takes several days before being matched with a buyer.At times I would be forced to sell at market price which most of times resulted in lost or little profit.What could be the reason,is it that I went for stocks that were not easily liquidated? Or I wasn't patient enough for me to be matched with a buyer?

I think the issue with your stock is liquidity. You have to always look out for volumes traded in the particular stock you have in mind before buying it. If you buy illiquid stock, it will be difficult to exit such stock.

cirtapoyat:


Are you referring to this house. 18M with finishing? I don't believe it. I have spent N10M on my bungalow building I never finish am.

You just have to believe.
I spent 7M to build a bungalow in 2013; In the same 2013, it cost my younger brother 5M to build same.

Ibrahim505:

If you can manage to buy the building materials yourself from wholesalers and even coached the project yourself, you can build a similar house with same quality for 12 - 14m.

That was the mistake I made. I entrusted everything to a friend.

IamR:

That was the mistake I made. I entrusted everything to a friend.

What are friends for? Your friend saved you from stress and also saved your time. Paying a premium of N2million is not too much, for the sake of your friendship.
I am sure while your friend assisted you with the building of your house, the project provided a source of income to your friend and his family.

Jejebabaa:


I think the issue with your stock is liquidity. You have to always look out for volumes traded in the particular stock you have in mind before buying it. If you buy illiquid stock, it will be difficult to exit such stock.

Thanks sir

emmanuelewumi:



What are friends for? Your friend saved you from stress and also saved your time. Paying a premium of N2million is not too much, for the sake of your friendship.
I am sure while your friend assisted you with the building of your house, the project provided a source of income to your friend and his family.

You are very right sir. To be honest with you, I have never looked at it from that angle. I paid too much attention to side talks. My friend deserves commendation.

IamR:

You are very right sir. To be honest with you, I have never looked at it from that angle. I paid too much attention to side talks. My friend deserves commendation.

You paid a premium of N2 million, if you are a very busy person who does not have the luxury of time and you know that the time and energy spent monitoring your building project, you can miss deals or businesses that will fetch you N5 million and above. The best bet is to pay the premium and face your core area of specialisation that will fetch you more than what you are planning to save.

Please which area in Lagos is this address located?
I was told FBNQuest office is in 16-18 Keffi Street, Off Awolowo Road in Ikoyi.
Please do they have any office in Ikeja?
I'll also like to know if there's FSDH Office in Ikeja as well.

emmanuelewumi:



You paid a premium of N2 million, if you are a very busy person who does not have the luxury of time and you know that the time and energy spent monitoring your building project, you can miss deals or businesses that will fetch you N5 million and above. The best bet is to pay the premium and face your core area of specialisation that will fetch you more than what you are planning to save.

Very true. Even my Mrs is feeling bad for tagging him a bad friend. She will be calling him next month to get her a piece of land. Thank you, elder. You just saved an almost dead friendship.

Just some months back some where criticizing buildings as bad investments as compared to treasury bills. Now that treasury bills is experiencing all time low interest rates , they won’t see it as vacancy rate as compared to building/rent. If I had abandoned my project by now all these cash flows coming in this January won’t have been possible. Would have been looking at the cash in the bank waiting for CBN policy to be reversed.

igbizen:
Just some months back some where criticizing buildings as bad investments as compared to treasury bills. Now that treasury bills is experiencing all time low interest rates , they won’t see it as vacancy rate as compared to building/rent. If I had abandoned my project by now all these cash flows coming in this January won’t have been possible. Would have been looking at the cash in the bank waiting for CBN policy to be reversed.

Treasury Bill, bonds, Eurobond, money market funds, real estate, personal business, stock market, jobs are all Investment vehicles and none is superior to the other because they serve different purposes.

To move from point A to B, we have bicycles, motor bikes, cars, truck, lorry, boat, trailer, train, aeroplane, ship. What will determine our mode of transportation from point A to point B is the distance, terrain, sizes of our luggage etc. None of the vehicles is better than the other because they have different purposes, their suitability is determined by circumstantial variables.


Same with the various Investments and asset classes.

emmanuelewumi:




Treasury Bill, bonds, Eurobond, money market funds, real estate, personal business, stock market, jobs are all Investment vehicles and none is superior to the other because they serve different purposes.

To move from point A to B, we have bicycles, motor bikes, cars, truck, lorry, boat, trailer, train, aeroplane, ship. What will determine our mode of transportation from point A to point B is the distance, terrain, sizes of our luggage etc. None of the vehicles is better than the other because they have different purposes, their suitability is determined by circumstantial variables.


Same with the various Investments and asset classes.

Exactly

emmanuelewumi:




Treasury Bill, bonds, Eurobond, money market funds, real estate, personal business, stock market, jobs are all Investment vehicles and none is superior to the other because they serve different purposes.

To move from point A to B, we have bicycles, motor bikes, cars, truck, lorry, boat, trailer, train, aeroplane, ship. What will determine our mode of transportation from point A to point B is the distance, terrain, sizes of our luggage etc. None of the vehicles is better than the other because they have different purposes, their suitability is determined by circumstantial variables.


Same with the various Investments and asset classes.

..i went round the Neigbourhood to look at new developemnt ,i normally do road work but my main intention is to guage new millions pouring into the neighbourhood or find cheap deals so i stumble an and old plots 6 units of 75 by 50 feets in the medium dentisty area well fenced been demolished so buyers could access it....so i quickly recollected that i know the owner he bought 6 units for around 5m total in 2003 @800 each .and left for America ....so i ask the land if the owner is still same guy based in america ,he said yes and how much is the price .......15m each .....15x 6=90m ......they have sold 2 already within 15 days ....i went home thinking why did i buy Honda henessy 1.5m in 2004 if for buy 2 plots then ....kai

Wow, I want to say a big thank you to all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.

Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
5. Pls fbn quest mmf office in Abuja.

b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
3. Wht are the rates now?

For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.

C. What is FSDH?

Thanks a million folds in anticipation for the reply.

Gokoyer0:
Pls let me just pm you for some explaination. I got stimulation of Eurobond of I-Invest, I will appreciate your brief input. Thanks in advance

Richforever123,
Beware of SCAMMERS!
You've been warned!

ndidigood:
if l no do stock, wetin l gode do?it is easier way of making money.
M just trying to adopt a good strategy.m getting it.trading myself is the best thing that happened in my investment life no stress, no wahala.
Stock trading is a legacy I will pass my to myboys.
I no fit shout.

We will appreciate if you can give us a little stock-trading tips.

Thanks ma'am

Kereokwu:
Wow I want to say a big thank you all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.
Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
5. Pls fbn quest mmf office in Abuja.

b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
3. Wht are the rates now?

For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.

C. What is FSDH?

Thanks million folds.

All your questions on mutual fund (MMF) and FBNquest has answers in here
https://www.nairaland.com/1912965/mutual-funds/216

Tyche:


Dedication to Destiny is a great message and T D Jake's is a wonderful teacher. His message on generational thinking was one of the greatest paradigm shift I ever had.

I will look for the Generational Thinking Message. ..Thank you Sir

I want to fixed deposit 250,000 with Fcmb bank,pls is anyone aware of how much I will get after 30days

BlessedHay:
Noted,

First, I have some shares which was bought about 15yeara ago from a particular financial institution, what are the steps to take to get to know much the shares are worth.

Please sorry for late response.

Sir, I hope the financial institution is still functional.

If you bought the stock from IPO, then dematerilize the shares via your stockbroker. ...they will advise you further.

The prices of shares are in nse.com.ng website, which you can Google and calculate it base on the number of units you have.

Jgoldie:
I want to fixed deposit 250,000 with Fcmb bank,pls is anyone aware of how much I will get after 30days

Won't be significant, so don't do it!

I just stumbled this thread while searching for an info...i must commend the wealth of knowledge being shared here although i have never been a fan of bond, fixed deposit, stock market stuffs probably because its complex and i have never made out time to study & understand it however with the level of info here, i think i stand to learn alot...

That said,
Biko, For someone that works but als have side hustles about 6 kekes runing hire purchase arrangement plus a biz that fetches about 70k per month... thats my investments for now, no stock market investment or stuffs like that (is it bad?)
Please any advise on how grow or double my cash flow would be highly appreciated coz the 10M, 18M etc that i read here eh... me self dey admire am biko... na like this we go take build...
I am following sha

Boyhood:

All your questions on mutual fund (MMF) and FBNquest has answers in here
https://www.nairaland.com/1912965/mutual-funds/216

The page has issues on mmf interests not paid correctly, delayed response to emails, arm mmf. Maybe it's not the right page.

Pls house/forum I really need urgent reply to my earlier questions:

Wow I want to say a big thank you all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.
Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
What are the rates now?
For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.
C. What is FS
questions.
Thanks

Kereokwu:


The page has issues on mmf interests not paid correctly, delayed response to emails, arm mmf. Maybe it's not the right page.

Pls house/forum I really need urgent reply to my earlier questions:

Wow I want to say a big thank you all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.
Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
What are the rates now?
For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.
C. What is FS
questions.
Thanks

You obviously read some few last pages and not the early pages that started the thread

ahiboilandgas:
..i went round the Neigbourhood to look at new developemnt ,i normally do road work but my main intention is to guage new millions pouring into the neighbourhood or find cheap deals so i stumble an and old plots 6 units of 75 by 50 feets in the medium dentisty area well fenced been demolished so buyers could access it....so i quickly recollected that i know the owner he bought 6 units for around 5m total in 2003 @800 each .and left for America ....so i ask the land if the owner is still same guy based in america ,he said yes and how much is the price .......15m each .....15x 6=90m ......they have sold 2 already within 15 days ....i went home thinking why did i buy Honda henessy 1.5m in 2004 if for buy 2 plots then ....kai

Sir, No need regretting buying your Honda. ...

Other opportunities are available now too.....key into it.

Kereokwu:
Wow, I want to say a big thank you to all the contributors here, so much too learn. God bless you all richly in Jesus name Amen.

Well I have decided to try mmf using fbn quest since tb is too low, now here are my questions:
a1. Will my capital be preserved just like tb?
2. What are the tenure(tb has 30d, 60days etc)
3. Can I pull out my funds anytime it matures
4. Any charges?
5. Pls fbn quest mmf office in Abuja.

b. Now for fg savings bonds what is the minimum tenure?
2. Can I get it at any commercial bank?
3. Wht are the rates now?

For someone who is learning stock and decides to buy 50k of( E.g uacn or Access), is the person
a share holder or what is the difference.

C. What is FSDH?

Thanks a million folds in anticipation for the reply.

I asked a similar question here, but no one responded, I had to go do some research on my own in the Mutual Fund Thread, after reading from page 1 - 70 here are my finding

You capital is not preserved like TB, in the event that the Fund Managers go down, your fund goes with them
Most have a Tenure of 3 months
You can pull out your funds on Maturity
They charge around 1.8%
I dont know the answer the No 5, a quick Google search will help

FGN Bonds is a minimum of 2 years
You can get at Commercial Banks
Rate are b/w 7 - 8%

Best Regards
Rich Forever

ukay2:


Sir, No need regretting buying your Honda. ...

Other opportunities are available now too.....key into it.

na play i dey play i just remember say i buy car 1.5 then

ahiboilandgas:
na play i dey play i just remember say i buy car 1.5 then

Ok Sir

Jgoldie:
I want to fixed deposit 250,000 with Fcmb bank,pls is anyone aware of how much I will get after 30days

Less than N500 naira. It can't even cover your transport to and from the bank.