emmanuelewumi:



In business where people are making billions of Naira based on the fact that they invested in what they understand.


Chief Kensington Adebutu is a billionaire and what is the main source of his wealth, Chief Ndokwa is a billionaire and what is the main source of his wealth?

XiaoLi:
Dangote is a billionaire, Otedola is equally a billionaire.

Why not advise him to invest in what this guys have invested in instead of brothel and beer parlour.

You are biased on this one, this will embolden some people to attack more people here.

XiaoLi:
Dangote is a billionaire, Otedola is equally a billionaire.

Why not advise him to invest in what this guys have invested in instead of brothel and beer parlour.

You are biased on this one, this will embolden some people to attack more people here.

emmanuelewumi:



I said invest in what you understand, did he tell you that he doesn't understand beer parlour business? He was here few months ago to talk about his brothel business.


In order not to lose money, always invest in what you understand.


Dangote invested in Liberty Merchant Bank about 25 years ago, he lost money probably because he invested in what he did not understand.

Otedola is now the largest shareholder of First Bank, I hope he gets it right.


Ogorofreak, always Invest in what you understand and you won't make serious Investment mistakes

Itsrm:


Been doing it for over one year

The first vehicle cost 1.9. The second, 2.2 and the last 2.4

Two drivers pay 25k weekly. The last one pays 30k which will be reviewed to 25k in January.

Lazyyouth4u:


Don’t forget Dangote dabbling into refinery business that he knows nothing about. It has to be one of the biggest mistakes he will make as a business man and I’m sure he wishes he could turn back the hands of time on that decision.

emmanuelewumi:



He has money to employ competent manpower, I hope he gets it right

Lazyyouth4u:


You just said he failed when he went into Liberty that he knew nothing about. Was it not with the same ‘competent manpower’?

shalomblue:
I have ventured into Uber biz before. It's just like stock trading. Start with a very good car and never give the car to a known person.
However, I think he's moving too fast. 3 cars within 1 year is too fast for me. He should not buy the 4th yet. I'm sure he's yet to know the effect of depreciation on Uber used cars.

shalomblue:
I have ventured into Uber biz before. It's just like stock trading. Start with a very good car and never give the car to a known person.
However, I think he's moving too fast. 3 cars within 1 year is too fast for me. He should not buy the 4th yet. I'm sure he's yet to know the effect of depreciation on Uber used cars.

Lazyyouth4u:


If you were a real investor, you would know exactly what happened to Oceanic Bank and its shares. Even non-investor types know what happened.

Either you are a buffoon or you bought tashere N1000 shares that the registrars no send you (na those N1000 shareholders dey make noise pass). One does not have to be a rocket scientist to guess which one you are…

emmanuelewumi:


Reason why you should not invest in Nigerian stocks until you have mastered the game

emmanuelewumi:



I said invest in what you understand, did he tell you that he doesn't understand beer parlour business? He was here few months ago to talk about his brothel business.


In order not to lose money, always invest in what you understand.


Dangote invested in Liberty Merchant Bank about 25 years ago, he lost money probably because he invested in what he did not understand.

Otedola is now the largest shareholder of First Bank, I hope he gets it right.


Ogogorofreak, always Invest in what you understand and you won't make serious Investment mistakes

OgogoroFreak:
Yes, my brothel business is going well.

If you noticed, I have not visited nairaland that much for sometime cos I have to be actively involved.

It's a success and I will build a bigger and better one soon.

Oyindamolah:
You mind sharing a detailed experience about it.

shalomblue:

I did it for about 18 months. The first driver was consistent with his weekly payment but over used the car because he was hustling to buy his own car. After about a year, he got his car, I gave it to a guy which was not consistent at all, took the car from him with the plan to sell it. A friend in the neighborhood then asked I should partner with him, gave him the car, but in the 3 months he drove it, it was one story or the other. Sold the car, a 2009 Honda city to him at 350k but he failed to pay up. Just wrote it off. I made about 900k in the course of operating it. More like I sold the car for 900k.I learnt very valuable lessons though and I don't think I will ever do Uber biz again.

OgogoroFreak:
Yes, my brothel business is going well.

If you noticed, I have not visited nairaland that much for sometime cos I have to be actively involved.

It's a success and I will build a bigger and better one soon.

Labadi69:

Its your type that encourages the spread of all kind yamayama disease from okpo foul smelling diseased abuna to mankind. If this brothel business story is true may strong yamayama nack that your bald head there. I suspect you are an armed robber

emmanuelewumi:




If you know that your shares are underpriced you will borrow against them or use cash flow from your shares rather than selling them

Insiders sell their shares when they are overpriced, like what MTN group is currently doing

texasux:


Sir, what's your take on the ongoing MTN PO?

Buy or Pass

emmanuelewumi:


Invest in what you understand.


Do you understand the company? Do you understand the industry? Have you read the financial reports of the company?

Lovelynife:

Still expecting your candid advice . Buy or pass?

emmanuelewumi:



It still boils down to the fact that you don't understand why you want to buy or pass.

Lovelynife:

Still expecting your candid advice . Buy or pass?

dobnina:

Answer the questions
Yes or No
That's what we want to hear.

dobnina:

Answer the questions
Yes or No
That's what we want to hear.

dobnina:

Answer the questions
Yes or No
That's what we want to hear.

Donbrig:
This is the height of entitlement mentality that ruined most Nigerians. If Oga Emma should say yes, and the novice investor goes ahead to buy shares he knows nothing about, if anything eventually goes wrong tomorow, you will all be crucifying Oga Emma.

But if everything goes well and the novice investor gets good dividends from his shares, you won't see him here again to even say thank you or share his own experience with others.

Some Nigerians are terribly terrible, no wonder we have heartless and unreasonable leaders.

dobnina:

Answer the questions
Yes or No
That's what we want to hear.