unite4real:

Between 2015 and 2018, I concentrated on fgn bonds between 16.5 and 15.54%. throwing the coupons into TB until the crash of TB, until the last 11.2% sukuk.

The fact is I still feel bad because even when coupons are paid today, it's either I keep them in mutual funds waiting for a kill that is not easily come by or I invest in the stocks market. Stock market has started the roller coaster that I dread alot. Best time this year to have invested in stocks was in March/April. Men don cash out and boys just dey enter.

I know it's all a passing phase. Rates will find their way northwards again. When? Hard to tell because Nigeria economy indices does not follow standard pattern. Look at inflation rate. Look at MPC rate. Then look at interest rate. I can't understand. It's more like kalo kalo.

These is one major problem I have with Nigeria.

ahiboilandgas:
The name digital agriculture alone look like scam to me very unreal .....if we want to dp agric let cultivate 1 hectar of rice for x amounts,harvest x amounts of rice , mill and purity and make sale ....remove cost of production of the rice from sale to get profit ....if its 30 percents r.o.i then a firm can issue profits of 12 percenct to investors .....but any thing can happen ...flood ,pest , drop in price ,earthquacks etc ....so return is not guaranteed unless insured ....

It is not, when it started I just did for few months cash out and started looking at them.

Leezah:
It is not, when it started I just did for few months cash out and started looking at them.

Good luck, you can continue. It will be better to reinvest your earnings so that you can derive the benefits of compound interest from such investments.

So that your N1 millon will grow to N20 million in 10 years at a compound annual growth rate of 35%

Continue ke, No be me joor.

emmanuelewumi:



Good luck, you can continue. It will be better to reinvest your earnings so that you can derive the benefits of compound interest from such investments.

So that your N1 millon will grow to N20 million in 10 years at a compound annual growth rate of 35%

Leezah:
It is not, when it started I just did for few months cash out and started looking at them.

I have neighbours whose savings have been agriculturally digitalized with nothing to show for it. They are now begging for only their capital but still hearing stories from the promoters everyday.

arduino:

I have neighbours whose savings have been agriculturally digitalized with nothing to show for it. They are now begging for only their capital but still hearing stories from the promoters everyday.

.


No matter what don't invest all your funds, people got to know the reason why during this lockdown

ahiboilandgas:
The name digital agriculture alone look like scam to me very unreal .....if we want to dp agric let cultivate 1 hectar of rice for x amounts,harvest x amounts of rice , mill and purity and make sale ....remove cost of production of the rice from sale to get profit ....if its 30 percents r.o.i then a firm can issue profits of 12 percenct to investors .....but any thing can happen ...flood ,pest , drop in price ,earthquacks etc ....so return is not guaranteed unless insured ....

That is how it is...sharing profit will be more realistic.
Nothing is guaranteed in agriculture in Nigeria.

ahiboilandgas:
Things i learnt from my Oga ....after his phd and lecturing job he found out that salary cannot make him rich and retired at 40 ....he started investing very early using 20 percent of his income ......he narrowed to two items ....real estate and Good shares ....his real estate portfolios exceeds 5 bn naira ...so i ask him why is he selling some properties (some people might think he broke)..he said no cos he buy properties as investments and once he earn 100 percent above within 5 years he let go....he not emotional attached to any property ...only his family home ....2 he is in audit committe of several companies and director in some .

It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

A young lecturer in Nigeria does not earn 300k as salary .

pluto09:


A young lecturer in Nigeria does not earn 300k as salary .

I wanted to point that out as well.

Well, maybe he's being hypothetical.

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, i[/b]f 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = [b]11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

Lol in Nigeria ke except multinational or Big "4"

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

he told me he started in 1989 after his phd .he also had side business and also used his car loan to add to the portfolio....it been 32 years of investing and reinvesting...

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

Use 115k for assistant lecturer and 100k for a graduate assistant.

Grupo:


I wanted to point that out as well.

Well, maybe he's being hypothetical.

I was being hypothetical sha, I started work with less, I have already saved-up more than that in 10 years. I am not a lecturer though.

It now remains the investment part and the 36 years for compounding and God on my side..

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

A lecture can also have side businesses, consultancy jobs etc.

But the man made most of his money from good Investments he made in the capital market and real estate in the past 30 years

ositadima1:


It is doable. Let's assume he started lecturing at 24.

For a salary of 300k, if 20% (kept asside for investing) for the next 16 years ==> 300k x 12months x 16years x 20% = 11,5200,000 .

Assuming he is good at investing in real estate and stocks.

11.5 mil compounded for d next 20 years at 35% yearly return will be nothing less than ==> 11,520,000 x ( 1 + 0.35 )^ 20 = 4.66 billion !! .

That is 36 years of saving and judicious investing with God on his side. It can be done, I am trying to do this.

This is a classical case of a chicken seller and a chicken buyer.

A chicken seller lifts his chicken up, spread both wings and made it look big and says " buy my big chicken for N4,000".

The chicken buyer collects the sample chicken from the seller, closes both wings and holds it by the sides and says " but this ur chicken no too big na, I go pay 1k."

Another classic case is a man who buys an 18 seater danfo bus @1,000,000 naira for transport business. He calculates that each passenger from point A to Last bus stop pays N200. 18 passengers fills the bus At all trips. Each trip will be N3,600. Round trip is N7,200. 10 round trips in a day will be N72,000. In one month is approx 2M. So every month he buys 2 more danfo. Each Danfo produces 2 danfos every month. After 12 months, you now have 1+2+4+8+16+32+......... Which is almost 4,000 danfo buses.

These cases make people jump into some kind of euphoria when they make up such calculations without minding the lessons life can teach you in the process.

He cannot get 35% every year for 20 years unscathed.

unite4real:


This is a classical case of a chicken seller and a chicken buyer.

A chicken seller lifts his chicken up, spread both wings and made it look big and says " buy my big chicken for N4,000".

The chicken buyer collects the sample chicken from the seller, closes both wings and holds it by the sides and says " but this ur chicken no too big na, I go pay 1k."

Another classic case is a man who buys an 18 seater danfo bus @1,000,000 naira for transport business. He calculates that each passenger from point A to Last bus stop pays N200. 18 passengers fills the bus At all trips. Each trip will be N3,600. Round trip is N7,200. 10 round trips in a day will be N72,000. In one month is approx 2M. So every month he buys 2 more danfo. Each Danfo produces 2 danfos every month. After 12 months, you now have 1+2+4+8+16+32+......... Which is almost 4,000 danfo buses.

These cases make people jump into some kind of euphoria when they make up such calculations without minding the lessons life can teach you in the process.

He cannot get 35% every year for 20 years unscathed.

U made alot of sense, but, the 35% is an average. Some years maybe 10% some others it can be up to 70% but averaging out over the 20 years he expects 35% . Even 200% is also possible in a given year.

It is doable. If not, how did these rag to riches we hear about get there? I mean d honest ones.

ositadima1:



I was being hypothetical sha, I started work with less, I have already saved up more than that in 10 years. I am not a lecturer though.

It now remains the investment part and the 36 years for compounding and God on my side..

Okay. Makes sense.

unite4real:


This is a classical case of a chicken seller and a chicken buyer.

A chicken seller lifts his chicken up, spread both wings and made it look big and says " buy my big chicken for N4,000".

The chicken buyer collects the sample chicken from the seller, closes both wings and holds it by the sides and says " but this ur chicken no too big na, I go pay 1k."

Another classic case is a man who buys an 18 seater danfo bus @1,000,000 naira for transport business. He calculates that each passenger from point A to Last bus stop pays N200. 18 passengers fills the bus At all trips. Each trip will be N3,600. Round trip is N7,200. 10 round trips in a day will be N72,000. In one month is approx 2M. So every month he buys 2 more danfo. Each Danfo produces 2 danfos every month. After 12 months, you now have 1+2+4+8+16+32+......... Which is almost 4,000 danfo buses.

These cases make people jump into some kind of euphoria when they make up such calculations without minding the lessons life can teach you in the process.

He cannot get 35% every year for 20 years unscathed.

Not possible, to have 35% average returns. Any Investment that will give 15% to 20% average return is not doing badly at all.


N1 million at a compound annual growth rate of 35% will grow to N20 million in 10 years, N400 million in 20 years and N8 billion in 30 years.

ositadima1:


U made alot of sense, but, the 35% is an average. Some years maybe 10% some others it can be up to 70% but averaging out over the 20 years he expects 35% . Even 200% is also possible in a given year.

It is doable. If not, how did these rag to riches we hear about get there? I mean d honest ones.

Better to have a realistic projection and be pleasantly surprised, than over estimating your returns and later find out that you under performed.

emmanuelewumi:



Better to have a realistic projection and be pleasantly surprised, than over estimating to your returns and later find out that you under performed.

That's true Sir. For those who can;

It is better to aim high and miss than to aim low and hit.

IamR:

Use 115k for assistant lecturer and 100k for a graduate assistant.

divide the calculation by 3 .....for salary of 100k and divide by 6 for salary of 50k

emmanuelewumi:




Not possible, to have 35% average returns. Any Investment that will give 15% to 20% average return is not doing badly at all.


N1 million at a compound annual growth rate of 35% will grow to N20 million in 10 years, N400 million in 20 years and N8 billion in 30 years.

oga the return on Tier 1 banks is within that range of 25 percent?

ositadima1:


That's true Sir. For those who can;

It is better to aim high and miss than to aim low and hit.

For prudency and risk management sake, it is better to underestimate your returns and exceed your projections.

Rather than overestimating our projections and under perform. That is the mistake made by majority of young entrepreneurs, they only look at the rewards but ignore the risks. No wonder a great percentage of them fail

ahiboilandgas:
divide the calculation by 3 .....for salary of 100k and divide by 6 for salary of 50k

Correct.

emmanuelewumi:




Not possible, to have 35% average returns. Any Investment that will give 15% to 20% average return is not doing badly at all.


N1 million at a compound annual growth rate of 35% will grow to N20 million in 10 years, N400 million in 20 years and N8 billion in 30 years.

And yet in the previous pages on this thread, you and some other posters have mentioned people that did the same impossible.

I wonder if the reason it is hard to accept or swallow same, in the form I presented it, is because I broke it down with real numbers.

ahiboilandgas:
oga the return on Tier 1 banks is within that range of 25 percent?

What is the basis of this return? Are you talking about them growing their profits by 25% every year?


Zenith bank made profit after tax of over N200 billion in 2019, does that mean they will grow it by 25% in 2020 by making a profit after tax of N250 billion

ositadima1:


And yet in the previous pages on this thread, you and some other posters have mentioned people that did the same impossible.

I wonder if the reason it is hard to accept or swallow same in the form I presented it is because I broke it down with real numbers.

Possible with small funds and businesses. We are talking about returns from multi billion naira businesses.

emmanuelewumi:



Possible with small funds and businesses. We are talking about returns from multi billion naira businesses.

Ok, I see.

Funny enough an investment of 100m in 2015 used to buy 10 trucks at 10m each generating 500k permonth has generated only 220m in 5 years ....if i now take out depreciation and sell all the trucks todays at 6m each it will be 50m ....so in five years i have 260m and grey hairs while my oga invested in 5000sqm land facing an express way within an urban area and sold for 280m without any stress .....i ended up creating jobs for tyre sellers ,vulcanizer,spare part dealers,drivers ,motor boys and operations staff....insurance firms ......while my mentor was busy attending board meetings in 5 star hotels me i was busy doing shouting match and galvanizing around depots

ahiboilandgas:
Funny enough an investment of 100m in 2015 used to buy 10 trucks at 10m each generating 500k permonth has generated only 220m in 5 years ....if i now take out depreciation and sell all the trucks todays at 6m each it will be 50m ....so in five years i have 260m and grey hairs while my oga invested in 5000sqm land facing an express way within an urban area and sold for 280m without any stress .....i ended up creating jobs for tyre sellers ,vulcanizer,spare part dealers,drivers ,motor boys and operations staff....insurance firms ......while my mentor was busy attending board meetings in 5 star hotels me i was busy doing shouting match and galvanizing around depots

Economists call it opportunity cost. It is the job of d investor to compare investments and attempt to seek the ones with the most returns vs risk.