₦airaland Forum

niyooo:
On a lighter note: WETIN DEY DO ECONOMISTS SEF? (Hope say the economists for thread no go tear me up o!!! )

Precisely my thoughts when i was at the university. . .

But now, i know better. . . . (cos i'm into practicals)

niyooo:
@ Annify, welcome back. As per the NSE, don't you think it should be Semi-strong form? For a weak form, the Share price only reflects historical prices while for a Semi-strong, it reflects historical prices and all publicly available information, this is what i think is reflected in the NSE though there are pickets of strong form where some share prices reflect privately held info and you just see those shares rising without any justifiable reason for that. My other grouse is that the SEC (or NSE) mignt not be on top of their game because if you look at the recent suspension placed on trading of some companies stocks due to non-presentation of yearly reports or something, why should they have allowed it to go on so long before they did that? But at least we thank God they are still working, albeit not fast enough. They should be more proactive if you ask me.

Well, i have my reservations about the emboldened part:

The NSE (in recent times) doesn't seem to accurately reflect publicly available information - maybe because of the BEAR season, but the BULLS seem to be back . Normally when a company releases poor financials, you'd naturally expect the price to head south, but some companies released woeful results sometime ago; and the stock prices went up . . . instead of down (don't remember the exact companies). That was what informed my choice of a weak form because for evidence of a semi-strong form, publicly available info has to have a rapid effect on stock prices - which doesn't happen here. Oceanic and Zenith have released financials, but no rapid response to the news, (which is a xtic of a semi-strong form). . . well, maybe it's the BEARish state of the market. (but i think its bout to get BULLish )

Funny enough i think the form of the NSE oscillates between weak and semi-strong, depending on the BULLish or BEARish state of the market. . .

I agree with you on the SEC issue, do you know that trading still happened on some of the stocks after the ban? i think that theres a lot of conflict of interest going on. . . where people that should regulate have vested interests. . .so they find it difficult to enforce the law. . .

kuwena:
Am I right to suppose, then, that a technical investor is one who goes by the stock prices and possible recommendations from stock brokers who may not have all the 'fundamental' info?

Well, yes and no. in the very basic form, a technical investor uses mainly stock prices (past and present) and volumes of the stock that were traded in previous sessions to make investment decisions. Thats the "yes" bit.

As for the "No" bit, if you rely solely on recommendations from your broker, that doesn't make you a technical investor. Recommendations are good as a tool, but not as the ONLY yardstick. Always remember that whatever you do, the broker will always get his commission.

Well, Kuwena. . .

Such businesses that are created as a fusion of a profit-oriented company with a not-for-profit company are referred to as Social Businesses. You might want to look at the Grameen-Danone model. Its a partnership between Grameen (Yunus) and the French yogurt making company Danone to provide nutritious yogurt to malnourished children in Bangladesh, and making enough profit to make it self-sustainable, at the very least.

You might also want to pick up his book, "Creating a world without poverty"- he (Yunus) wrote extensively on it.

Although the ownership structure is much different from what you have said, i think you can pick up an idea or two from the book.

Disclosure - i am not Yunus' sales rep oh!. . .

kuwena:
1. Yemi, what exactly is 'fundamental investor'?

In simple terms, a fundamental investor is one that analyzes financial statements, examines the health of the company's management, looks at income statements, competitive advantage, competition and macroeconomic conditions before making investment decisions. I hope that answers yoru question. . .

Wow . . . . this thread has been really busy!!!

Sorry guys, i have been AWOL. . . i have been outta civilisation, i wrote something on my experience on my blog; please visit and leave a comment. Thanks . www.folayemianifowoshe.

Ok, so back to our discussion. . .

Niyoo has actually spoken my mind on a lot of the issues discussed, so i don't think it makes any sense to repeat his thoughts. You asked a question about the kind of efficient market hypothesis that's being practiced on the NSE.

My thoughts:

If i am limited to the three forms (Weak, Semi-strong and Strong), i would stick with "Weak" form. My decision is based on the following xtics of this form:-

- You can't make superior returns based on historical share prices only.
- Fundamental analysis is favoured to provide more returns than Technical analysis
- the current share prices are the best unbiased, estimate of the value of the stock (as perceived by the investors/ market) and the value (either undervalued or overvalued) can be determined by Fundamental analysis. . .i.e. looking thru financial statements.

Disclosure - i am a fundamental investor. . .

@ Stannesi

I'm sorry about dropping bombs and running off. . . . Please refer to my earlier explanation for my absence ; or just check through my blog.
lol @ your joke about the board room. . .

stannesi:
If you can’t convince them, confuse them. lol

And you did exactly that!!!

I read somewhere about an entrepreneur providing solar energy as a business in Naija, its a well known fact that provision of alternative sources of energy (solar inclusive) is very expensive and not a viable alternative to what we have now. Citizens of most of the countries that can afford it, already enjoy uninterrupted power supply . I remember i did a little research on the cost of powering a duplex (this was years ago) in Naija and the cost had gotten to N25m. This even had the exemption of some of the A/Cs in the house o! Even though, it must be cheaper by now, it is still not considered a viable option. Most of the poor Asian/ African countries that use it usually power very basic appliances. While a number of them are also used for research purposes, ( i think)


@ All - Off topic

We have talked about how inflation erodes the value of money overtime, but don't you think that for an economy to undergo development, a little inflation is a key factor? If i am not mistaken, Inflation is caused by increased money supply in a system, without a commensurate increase in goods and services; hence leading to more money being exchanged for the same quantity of goods/ services. This, in essence, reduces the people's purchasing power. i.e. They can now buy less with the same amount of money they had before the injection of funds. This reminds me of the trade-off between inflation and unemployment. For the govt. to reduce unemployment by going into huge capital expenditure, it has to inject money into the system which results in inflationary tendencies.


Got to hit the sack. I'll continue tomorrow . . . Good night

AlfaPrime:
Cheers all. Certainly, the topic's going to change. And while we're at it, does anyone know anything about the dangers of giving out soft loans? I'd like to know if it's related to this issue of investing with "other people's money" or something like that. i.e, where someone puts all his money to work by probably investing it, and then comes along to borrow money from You (without interest, of course!) in order to get by till the next pay day, ,

Soft loans actually depend on the recipient. If the person in question is trustworthy, you can go ahead to lend. The only danger in giving out soft loans is that you may NEVER get your money back! As a personal rule, i only lend to others what i can afford to lose. Well, in my opinion, i don't think it is the same as investing with other people's money and let me explain;

In every financial economy , there are 2 classifications. Providers of capital and Spenders of capital. The savers (people that save in the bank) are the providers while the borrowers (people that borrow from the bank) are the spenders of capital while the Bank is the financial intermediary.

The idea of using other people's money is to have leverage. This is similar to the principle of the Bible (where 1 will chase 1,000 and 2 will chase 10,000 - somewhere in Ecclesiastes or so ). The borrower goes to the bank and gets (borrows) capital at a particular interest rate, which is the cost of that capital. His objective is to do business with the money over with a specific time frame, and turn it over such that the revenue will be enough to take care of the interest incurred and some profit for his troubles. However, please note that the money (capital) used in question was provided by other people (the savers). He only bore the risk and controlled the cash. This is the basic principle of using Other People's Money.

The idea of someone investing his money and then borrowing from you till the next pay day isn't necessarily using other people's money, because the amount deployed for investment is still a function of his sole effort. The concept of OPM would only stand if the money borrowed was added to his personal own and then invested, but borrowing from a colleague for personal consumption and not business purposes is not an effective utilization of OPM.

My 2 cents

opokonwa:
Where is Aniffy?
Na only to talk about buying shares him know?
Abeg get your ass down here!
And perhaps your own 'Litany of Nothing'

. . . Opoks! u no serious. . . . . .  well, i guess i just wanted to be sure about my thoughts before posting them here. . .  . . . well, what i have isn't a litany of love, but my thoughts about the people i have met here, so here we go!!!

Alfaprime

Very "serious-minded" individual. Hardworking. Always wants to help a brother in spiritual need. Exemplifies leadership. Analytical and logical, rather than emotional. Quick to hear, slow to speak

Kenosky

Very intelligent and humorous. Always has a good word for everyone. someone who loves to enjoy life. Good dedication to "nairaland" duty. Football fan. Fun to be with.

Jisidaisy

Beautiful. Intelligent. Good-hearted woman. Caring. Very good conversationalist. Unique.

Opoks

Bold and assertive. . . speaks his mind. Doesn't hide his feelings. Humorous. Intelligent. Hardworking. Go-getter. positive attitude. May be frustrated by routine.

Wandel

Soft-spoken. Calm and pleasant. Intelligent. Analytical.

Stannesi

Playful. Intelligent

Kuwena

Artistic creativity. Intelligent. too emotional. Introspective.

For those i have left out. i'll be back, maybe its because you guys don't post often. . .  

kuwena:
On this last day of April, something different has happened. I have got my visa to the United States of America. Only today, for the first time in my life I went to an embassy, and for the first time in my life I took an embassy interview. And for the first time in my life I got a visa, to the United States of America.

Soon I shall get on a plane and go to the USA to be a Graduate Teaching Assistant at a University that has paid over 44 thousand US dollars to give me free tuition, free health insurance and free accommodation, just to help teach their undergraduate students and earn a master's while doing so.

I love America.

Congrats Kuwena!!! I am glad that you are set on the course that you must follow. I am also particularly glad that you can now follow your dreams and forget about your current job, cos you don't seem to enjoy it. However, one thing i must advise is this: the reality of US may not be as perfect as your expectation. . . so please give room for slight differences.

As a parting thought;

"Too many times we question who we are to feel confident, favoured, exceptionally blessed and special, but who are we not to. . . ?"

Selah

kuwena:
Yemi, did you really leave PWC before NLNG even called you?

Story of my life. . .

Yes i did. I guess i was just tired of the job and i wasn't happy. I just wasn't happy and it was killing me inside. . .literally. I decided to bite the bullet and went into private business.

kuwena:
I wish I had your courage.

You have much more than my courage!!! You have yours!!! I did that because' i was so sure that i was doing the right thing. . . please do not consider this as a command to go and resign o! As for me sha, i knew i wasn't happy and as for me. . . My happiness comes before money. . .

In retrospect, everything worked out fine. I have a job i like, i'm happy and i still run my business. . . . . . what can i say? "The steps of the righteous are ordered by the Lord. . . "

opokonwa:
Thread! Thread!! Thread!!!

@aniffy
I was thinking of giving you a call someday before I saw that you've already extended the invitation.
When it comes to investment, I am your student

No syke me jooooo!!!

JISIDAISY:
Aniffy, My personal person, how you dey?

I dey, how are you doing? Easy on the job o!

Off-topic

I wrote a lil' something that has to do with "Questioning your values" on my blog. You might wanna check it out -

www.folayemianifowoshe.

@ Uspry1

o ga ju!!

Mi o mo nkan ti mo ma ko si biyi, mo kan ni wipe kin ki e sha!

Mo si gbadun thread e yi, maa ma yoju si biyi leekna kan.

O da bo!




Translation. . .

This is amazing!

I don't know what to post here, i just thought to greet you!

I enjoyed this thread of yours, i'll check here from time to time.

Bye!

kuwena:
Let me use an analogy for my second point: Imagine you were told that toadskins had become an important source of export, and if you bought them at 10 naira, you could export them for 100 dollars (12 thousand naira); now if you had only 60 naira, you could get only 6 toadskins, and then you could make only 600 dollars (72 thousand naira); but if you waited awhile to save up a little more (and in that period study the business more), you would find that you could buy more toadskins and increase your profit. Also, in that period, the prices could go up, making you get more by way of income net costs; and you could even learn other ways to maximize your gains apart from cashing in on price levels. So you see. Hence, the second case I am making for saving is this: [s]saving makes you have more capital to invest with at the right time.[/s]

Precisely my point!! Being sure of the business model - buy toadskins at 10 naira and selling them at 100 dollars, if i had only 60 naira, why would i want to save? this brings me back to my OPM principle. I would loan from a bank (or a friend) at 25 - 50% interest rate, depending on the source. Use my 60 naira as a deposit backing (or collateral of some sort), export my goods, pay the loan and the interest and smile to the bank! Why wait to save until i have enough money? If i am trying to buy time to study the business and then save (keep) my money, its a different ball game. . . but not save my money and then say i'm studying the biz. That's time-wasting. . .

For the final bit, please ask yourself. . .

1. How long will it take you to save N10m?
2. How long will it take you to borrow N10m?

Well, Which would you rather be? That . . . .my friend. . . . is the difference!

kuwena:
I enjoyed chatting with you the other day. Though I don't know if you've given further thought to what I told you concerning the Catparian Society

Catpar---whoa?! . Maybe its just my imagination, but why do i get this feeling of how the "meetings" may be:-

1. We all wear black hooded gowns with red sashes carrying calabashes.
2. Our anthem will probably consist of two words said repeatedly. "heya-humba-heya-humba"
3. The leader has a red drool on the left side of his mouth. (still trying to figure out if its ribena or blood )
4. We never read from the Bible. . .
5. and lastly, how come Kuwena gets to be the "Pontius Supremus Emeritus" ?

I'm sure you get my drift. . . . . . . . . Just kidding!. . . .

Nice post! Funny enough, i seem to be in a similar state. . . I make a decent amount of money, but before i spend it, i do a lot of mental permutation/ integration etc . . . i keep thinking about the "opportunity forgone" I won't bat an eyelid when it comes to investing, i can go to any length, but when it comes to spending money anyhow, hmm. . . that one na die!

However, i do love to treat myself once in a while, just to strike a balance . . . and such treats are usually BIG treats !!! and they "almost always" come after making BIG money !!!

kenosky:
aniffy, na wa u o! so u wan borrow money go buy shares? ol boi, u don dig the holes? because u know na- if anything happens to your plans (of course i don't even think any bank will look fwd to financing your purchase of shares!) like d so-called expert projections from the broke-ass (oops! sorry brokers) assuming i can even finance u self (u know say i be big boi na? , how u go carry pay mi back?

1. lol! It's called leverage. . . Risky? Yes!! But honestly, to get real and fast advancement , you have to think about using OPT (Other People's Time) or OPM (Other People's Money). The honest truth is that you are either using someone else's leverage OR you are the leverage. Check your job out, you are your employer's leverage. Look at your money deposited in your account doing nothing. The borrowers are leveraging on it. . . . So i think its about time you leveraged on someone else. . . but please be careful. . .

2. Secondly, you'll be surprised that most banks have such packages for willing investors. I'm currently on one like that. Normally, i probably wont be divulging stuff like this, but hey, we are here to share knowledge. . . aren't we? The shares in question are used as collateral (plus your initial contribution which is a percentage of the facility), although you have control, you can only trade them (most times through the bank's brokerage house). . . but you only obtain full ownership (as in transfer to you) when you liquidate the facility. I read somewhere that one difference between the rich and the poor is that while the poor seek ownership, the rich seek control. Now thats a BIG difference.

kuwena:
By the way, 'Fowoshe, what's your star on the Zodiac?

Aquarius. . . .

opokonwa:
Aniffy, your display of intelligence in a wide range of issues gets my admiration.

Thanks! My admiration of you is 150% more! The GREAT Opoks!

opokonwa:
Can you please contact me via opokonwa@gmail.com? I need to know the modalities of such financing, the repayment periods and how friendly or not it is. Perhaps you and I can cook up some elaborate Real Estate plans

Hey Bros!. . . i won't mind being a part of this o! That is if the real estate deal is for commercial purposes o. . . and not for building your house only , heard of a couple of young guys (below 30) that did one real estate deal and sold off with about N1bn (or so) profit. . . I know some of you might sneer at this possibility, but the honest truth is that what your mind can't see, your hand can't grasp. . . So Opoks! you can holla at me on folayemianifowoshe@gmail.com. I'm sure that Jisi can cook up something. . . as long as the plan is tight. . .

AlfaPrime:
@ Kuwena
it pays to be a super saver than to be a big spender,

I really don't agree with this line of thought. . . Please by all means be a BIG SUPER spender, just make sure you are spending on the RIGHT things! I'm surprised at people who keep their money in their accounts and when it comes to private placements, they SPEND a little because' they don't want to take risks. There's someone i look up to, she inspires me a lot, when explaining how she made her BIG break, she said she wanted to purchase a block of shares from the existing shareholders, she approached a bank, obtained a HUGE facility and purchased each share at N3.00 plus a little premium. She held onto these shares for 15 months and sold them off at N64.00 a piece. If she was a SUPER SAVER, trust me, i don't think she would have made it that BIG. Why would i want to save for 20 years for an event that may never happen? When i can SPEND at once, have a little bit of temporal HBP and savour the experience of having to do something interesting. Yes! Saving is good, when compared to being wasteful, but having to focus on SPENDING keeps one in a perpetual state of stagnation (or at best your money is making 3% per annum. . .) I would rather focus on being a BIG SPENDER, as long as i SPEND on profitable ventures! I must confess, it may not work the way you plan all the time, but that will not stop me from trying again. Personally, i rarely keep funds in my account. . . anytime i go to the bank, i always wonder what's going through the mind of the person paying me when they look at me in my designer suit and then compare to my account balance. . . . . . na them sabi

uchetobi:
This thread has grown!

Yeah! So please grow with us, because we are going places!!!

JISIDAISY:
I know that [s]we do stuffs like financing the purchase of land and properties----and you don't need any collateral except the document of whatever it is you are buying[/s]. I'ld also like to say that interest rates and repayment period are very flexible. Its your call.

That's funny. . .coincidentally. . i went to your PH branch and the lady i saw there said you guys don't do stuff like that. . . Maybe cos' i asked specifically about share financing. . .

@ Kuwena

Do you guys have anything for me?

AlfaPrime:
Hi all, Long waited to see some intellectualism and pragmatism show up on the thread again, especially with regards to some unfinished discussions about the way forward for our beloved country, How's work going for everyone?

Bulls-eye!!! i figured a post like that would bring you out. . . Well, work is good. . . and you?

AlfaPrime:
@ Stan
Buy Land? Very good idea too, but depends on how much capital you're willing to commit to it and how much time You can wait. Undeveloped land could really tie up some good capital which, if traded in stocks, is sure to multiply itself in a way that would guarantee you much greater returns to still buy the land and possibly develope it!

The very nature of this investment-vehicle makes it capital intensive and quite illiquid. However, i opine that a little diversification is necessary for investors. Stocks can be quite good, however, control over the bullish/bearish state is limited. Whilst everyone may have good stories to share on the NSE when compared to 2 -3 years ago, it's beginning to get to a point where companies that are no-good fundamentally are stating increasing stock prices, while sound companies are doing the exact opposite. In my opinion, the main essence of land purchase is for development to bring in rental income. Please remember that we are talking about passive income, which investment in stocks might not give you (except you wait for dividends. . . ). The NSE will only give you capital appreciation, and not passive income/ cashflow. Being financially free is not about how much cash you have, but actually about how much cashflow you get from other income streams aside your J-O-B.

The idea of trading in stocks is also one that i am not too comfortable with, i guess i'm ol'school. . ., i invest in only fundamentally-sound companies. frequent trading is based solely on technical analysis, where previous price levels are the only factors considered in making investment decisions. Don't get me wrong, people make a lotta money doing this. . . but they can also lose a lot. I guess it just doesn't work for me

With all that has been said, i'll just add that we try to work towards having our incomes come from 3 sources:

- rental income - real estate
- paper income - dividends/ bonuses from shares etc
- cashflow from businesses that run without us

because' it seems a number of us might have just income from our jobs as the ONLY source. . .

cheers guys!!!

stannesi:
My advice 4 us: "Buy land, they're not making it any more."

GBAM!!!

kenosky:
[size=13pt]aniffy, lovely post! u sell suits? that is kool u know because i dey sell jeans and casual wears (designers o), how your trainings and workshops dey go?
[/size]

Yeah. . .i sell suits! I split my stock between British and Italian suits e.g. Paul Smith, Armani, Hugo Boss etc. I have a partner that brings them in and then i sell. I actually like to sell things. . . started when i was in school.

Trainings and workshops have been cool. They just reinforced a lot of values i seemed to have taken for granted.

@ Kuwena

That's really cool. I'm glad you also have a "savings and investment" culture. Please soak yourself well in Robert Kiyosaki's books, but also note that he's skewed towards real estate and not the stock market per se. I have quite a lot of his books and also the "Cashflow" game. . . If you are looking at books on stocks. . . you may want to check out Peter Lynch's book ; "One up on Wall Street", Mary Buffet's "Buffetology" and a host of others. . .

I have made some sales since i resumed, but i'm still trying to build my network. . . i'm sure that my best bet will be bankers like you. . . . . . and not engineers. . . (_{like kenosky})

On the idea of invest early, get rich quickly and retire early. . . i believe it's more of increasing cashflow and passive income. Once your passive income exceeds your expenses, you are financially free but not rich. Your freedom, if exercised appropriately will give you enough time to focus on getting rich, because you have more time for yourself.

And a piece of advice when it comes to brokers. Not all of them are really that knowledgeable so please do your research before listening to them. . . Some are called "broke-ass" for a reason, y'know. . .

Anyone here interested in agriculture OR actively participating

Hi people,  I'm sorry for not posting here and on my blog for a while now. . .  i've been on quite a number of trainings and workshops. . .  i just wrote a post on my blog, after a looong while. . .

I'm glad we have new joiners / erstwhile silent readers posting occasionally. Stannesi, annwil etc you are welcome, once again

It seems that we have some energy on this thread with a lot of people that actually taking out time from their busy schedules to either leave comments OR read-only . It has occurred to me that we have never talked about concrete actions/ opportunities we have taken/ identified. Yes! i remember that we mentioned "investing" a while back, but i'm referring to specific actions. e.g. Looking at XYZ state, buying ABCD seems viable enough to harness the FDGT potential there. etc OR there's an opportunity in @#$@ stock because of $%^& news that is round the corner. I know there's a thread for stocks and investments somewhere else, but it's also a way of sharing insights and ideas here on this thread. 

As for me, my interests are basically shares, real estate, businesses - e.g. online businesses. . . i sell suits too.  As for shares, i think some opportunities exist with fundamentally sound companies that have April, May and June as their FYE. . .  i don't mean to blab. . . neither do i want this to be a monologue. . .but does anyone here that share my interests?

@ kuwena

A while back, you mentioned that a HUGE portion of your salary would be going into investments, how has your journey been. . . any story you want to share?

Anniwil:
well 10nx guys !i still dey wait th specifics sha!!! but e be like say i go carry aniffy go panel o!!i bin get the copyriight for that name O!

carry "who" go panel

Wey Basil Omiyi number sef? Bros. . . how Shell nah?

kenosky:
Anniwil, how your name come resemble aniffy name like so? u get the copyright so?

Me sef dey wonder

@ Anniwil

I think the engineers will be in a better position to help you out. The 1st stage of the last exercie that was done was actually managed by WAEC (i think. . .). I don't know if they will use them again. . . No wahala. . . just stay tuned on this thread.

kuwena:
Stress-o!

Hi guys

I'm sorry i have been AWOL. . . . work- load

anyways TGIF. . . . C y'around fellas. . . .  

JISIDAISY:
5. Aniffy------------------N50M

Oya come and collect your cheque sef. . .

How much? shiken shange,

AlfaPrime:
@Annify
Yea, that post on your blog about Farrakhan's comments was quite candid and adressed some issues squarely. You may be surprised to learn that I'm a bit conservative about accepting the views of Louis Farrakhan generally, because he passes across as one who is rabidly incensed against the white race, with a religious bent too. I don't think that's exactly what we need in resolving the racism issue either in the west or in any part of the world for that matter. Martin Luther king's approach remains my 1st, 2nd and last option. Peaceful, civil disobedience, respecting the other, NOT because he's a white, but because You want to show him how he should treat u, in the first place. But all the same, I'd say that majority of Americans already know that American foreign policy over the decades could have done with much less mistakes and bias. a great deal of the issues facing them today across the globe arose from offshoots of their previous actions at one time or the other.

I pasted the link here cos' i often wonder at the way some Nigerians react when foreigners allege Nigeria as being the most corrupt nation in the world. I am not really interested in Farrakhan's religious inclinations but i was awed by the passion he exuded, considering the fact that he's no where near being Nigerian. Yes, its true we have our flaws, but can we be left alone to grow/develop? i hope so. . .

As for your choice of Martin Luther King's philosophy, that may have been the case if Nigeria was inhabited by whites and blacks. I beg to diagree. . . I'd rather stick with Jerry Rawlings' stylee. . .

For those that say Nigeria is the most corrupt country in the world, listen to what Minister Farrakhan (born in New York) had to say in our defence

I'd expect Alfaprime and kuwena to enjoy this,

You guys would have to visit my blog cos' i posted it there.

Just click on the link http://folayemianifowoshe./2008/04/02/interlude-2/

and please leave a comment

AlfaPrime:
@Anniffy

Actually, even for the very rich who go on making more money, many of them do so not because they're addicted to money-making, but because they got rich in the first place, by getting successful in what they liked doing!

WORD!

kenosky:
[size=13pt]I would use the time and money to try to better the lot of the people around mi (within and without). Na philantropy go b my calling, walahi! I would take much desired vacations to relax and spent a lot of my money and cause easing the pains of the down trodden! (there's so much pain around u know?)[/size]

Meanwhile, kenosky, you don't have to wait till you have all the money in the world before you start philantrophy o! i hope you find time to help the down-trodden around you.

@ Niyoo

Thanks for your viewpoint.

However, i have a question. . .Is it really the ultimate to have your own organisation? Is everyone cut out to be an employer of labour?

Opolopo awon to ti se business, ti won ti te. . .

Translation: (for my non-yoruba speaking peeps)
(Many people have gone into businesses with only regret to show for it)

JISIDAISY:
hi all, these past few days av bin quite a bore, pplus i had a dislocation on my wrist which affected my typing, or the zeal for it.

Sorry about your wrist, i hope it gets healed really soon.

Aniffy,
whats going on with you? na so u wan treat me? kai, yoruba bobo!!!!!!!!!! _{No tribalism here o!}

I'm so sorry, travelled to the Island to chill. No wahala, we'll make up tonight.

kenosky:
[color=#990000
Aniffy, you're scarce!

Sorry my brother. . . I'm back with full force. . .

@ Kuwena

I'm sorry, i guess i had logged off by the time you came on. I left you an offline tho'. I hope to chat with you soon.

@ Everyone

How are you doing? Well, i have a question:

"If you had all the money and all the time in the world, would you still do what you currently do as a means of livelihood? . .(_{sure can't wait to read Kuwena's response to this} )


Honest answers only please. . . . . .Anybody?