phemmyfour:
A chain smoker will always be irresponsible even if he has all the money in the World

SonofGod231:
Any wealthy married man keeping just one special side chick is a fool. Why do you think Solomon was referred to as thie wisest man in the bible.

mrfreestuff:

Because putting a stop to this scam and scammers requires the attention of the political class especially those in the National Assembly. They need to make the laws to regulate it to fence out these scammers.
Part of the money stolen by these SA brothers includes money from Nigerians.

Tobex4realTobex234:


Lol old men association

lafuria1:


Long term investment

My own advice right now is to look at travel and tourism stock, they were so cheap late last year because covid disrupted their activities. They've risen due to improvement in vaccination but they are still far away from their all time high. If you thinking long term, travel and tourism stock is worth looking at because as covid goes away, revenue is jump up and stock value will go up.
Example are CCL - carinaval cruise line, RCL - royal Caribbean, you can look at the airlines too. Delta line, AAL

Lastly, Biden is renewable energy president, with that in mind, I've added solar energy stock, specifically Enphase energy. There are others. Solar energy is still growing, I'm betting on Biden support for solar to triumph. (you have to be patient with solar energy stock, they can misbehave)

Investogist:
Nassim Taleb the author of “Black Swan” has said that Bitcoin is worth exactly zero, and that there is no evidence that blockchain is a useful technology.

Read full article at https://investogist.com/bitcoin-is-worth-zero-no-useful-evidence-of-blockchain-technology-nassim-taleb/

Coldshisha:
Some girls are naturally stupid.... 300k for hook up, he still fvcked you free and gave no hook up

Kryptobi:


I don't know why that guy hates that space.

SaintUlot:


If you buy and others do not buy, you will just become a bag holder and later sell @ a loss with frustration. You see that market has lost over 50%, that's to show you everybody is selling, if you now decide not to sell and cut your loss or make your little profit, if you are in profit already, then you are on your own. When bitcoin hit 20k in 2017 and there was a price reversal from there, hope you remember how long it took it to get to 20k?

You don't trade cryptocurrency with emotions.

Ibime:


That's not the main reason. The main reason was the last one they gave - economic stability. No country will want a good portion of it's populace putting their savings into speculative instruments. Savings levels are how central banks set their monetary policies, reducing interest rates to incentivise spending when the velocity of money is low, and increasing interest rates when the economy is in danger of overheating due to inflation. Policy makers will not want too much savings invested in crypto rather than oiling the real economy.

Ibime:


Come on man.

Your first link talks about percentage of population not value of money invested and shows 7% of Chinese use Crypto Vs 33% of Nigerians. First China population is more than 5 times Nigerias, secondly they don't do low value Naira transactions like Nigerians. I guarantee you that China is the second largest Crypto market after USA in dollar trade volume.

The second link is talking about Nigeria being the 2nd highest country on Paxful with $566m in trades in 2020. That's just Paxful, one application out of hundreds. Crypto trading volume over a year runs into the tens of trillions so Nigerians $566m in trades over a year on paxful is hardly worthwhile evidence.

SaintUlot:



That one is nobody's business, when everybody is shorting the market, you short with them, when everybody is longing, you long with them, when everybody exit the market, you exit with them and when it's time to resume the market, we all do meeting and we resume the market.

When everybody is shouting carry it, carry it and you didn't join them to carry it, definitely they ll dump it @ your backyard.

SaintUlot:


As far back as 2016,institutional investors have been investing in btc, they ll not tell you before them dump their bag and take profit.

Ibime:


I seriously doubt Nigerians buy more crypto than China

Mining being banned is bullish - creates more scarcity

The China ban portends more Govt regulation around the globe. The reasons they gave are valid reasons and goals of any stable society and rhymes with warnings given out by other central banks

Ibime:


The difference this time is that China are launching a digital Yuan and want no competitors. I'm sure China sees digital Yuan as a move to usurp the dollar as an international instrument of trade

You can't put the whole country on wallet and allow them to access speculative instruments through wallet. It can cause recession if BTC crashes having your whole population educated and familiar with using crypto wallets. They can easily go from using digital Yuan to buying Cryptos which no country wants for 100% of its population. It can cause a financial crisis and social instability for them.

In my mind, I just need to factor in how much of the current crypto marketcap is attributable to China and adjust my strategy accordingly.

Thisnut:
This long term bond is like a trap. When you want to eat with the devil, it's better to use a long spoon; In this case, the govt is the devil.

1. Why would someone borrow the govt money for an extended years when the govt can always print money to pay you back? Nigerian govt solicited for USD some months ago to pay 5naira for every USD; after they took all the USD, the crooks of a govt decided to print more money and devalued the naira. Just imagine some folks actually fell for that old trick. They gave treasure bill at 7% last year and naira went down 39% against USD the following year.

2.What would be the purchasing power in the next 20years following the trend in the last 6years? What if the economy gets better and naira becomes strong would it make your property value go down?

3. What is the value of a house bought 1m naira 20 years ago and what is the value of the money right now? Let say the money was compounded at 15% and the estate moved at 7% of the house value at every given point.

4. How fast can you flip a real estate vs a fixed bond and What do you risk losing breaking a bond?

5. Something just happened and I need my money now for better opportunities; shut up and comeback in 10yrs.


My take:

Real estate might not give a promising future, but always find a way to win in the face of inflation, deflation and recession. Right now the house market in the U.S has gone up more than 20% since the pandemic, while the mortgage rate has gone down more than 50%.

Tobex4realTobex234:
These compound interest calculations are giving me orgasms o but how does one achieve it with stocks? I currently never sell any of my stocks but I would like to know how one can leverage compound returns on equities apart from re-investing dividends which I already do.

This bonds seem like an alternate asset I should consider sha because to be honest na proper Island wey I for like to do real estate in Lagos, but my money no reach to buy lands for there

Lazyyouth4u:


What if war happens? What if a military government comes in and refuses to honour the bonds? What if hyperinflation happens like what happened in Zim?

400billionman:


I have been reading for long.

The response to your question should be affirmative.

When I see new buildings popping up, I hiss, because the poverty rate in the country is abysmal. Current landlords know 90% of their tenants cannot afford bills and therefore expect everything to be done for them free. The housing agents who are not in the landlord's shoes will even side with the tenants.

One landlord actually referring to his tenants called them parasites.

Lazyyouth4u:


And then at the end of the 30 year tenor, the bond investor gets his 100m while the real estate investor sells his house/land for 1 billion

Nostradamu:
Finally! Today, I reached the top of this financial stock investment mountain (page 313) after climbing from the base (page 1). Congratulobia to me .

Gonna keep this short, my girlfriend & I have a very small " loose" change [$2k] to spare for investments in US stocks. Our risk appetite is medium to high, duration is for both:

1. Long term
2. Day trading

InaNla, 4Play, Oakpearl, Skymoore, YerYer, seyisanya, afroxy, Yazga, Nobody, thesilentone, lafuria1 (hope I got some names right), etc, Dan Allah, your advice, added to our own laid-out plans & DD, will be of high value. ABEG! We're between low to middle-income earners living in Nigeria.

Thanks.

emmanuelewumi:


Which of the assets are you looking at? You can only have a bubble after a prolonged bull.

Myhelper1:
AMC to the moon

anungangampu:
Broke Girls everywhere trying to reap where they did not sow.
Imagine letting the girl know who you are and where you wife works, I swear 90% of this mainland girls with jealousy will kill you to get their share.. Rubbish.

sapphiere:
Did you know that without feminism, we wouldn't have gotten people like Ngozi Okonjo-Iweala, Kamala Harris, Angela Merkel etc? Feminisms open doors for equality and women empowerment. I spits on any women who rejects the movement.

wman:


That's what ya'll said that you lost Cristiano Ronaldo and started sinking. That's how you lost Zidane the second time.