₦airaland Forum

Serendipity:
Granted, some persons have money in investments both liquid and otherwise but then the majority have 500k no where at all. At any rate, the quiddity of the stats is to show that 1biilion is not what you see like Toyota cars!

That figure should be announced with some respect!

Don't Accord money that much regard joo.

Meanwhile, 1bn is under $3m. That's not unrealistic for a retirement target. Remember retirement means you may choose to start changing your country of residence every other year.

Serendipity:
Show respect for 1billion Oga.

Only 2% of Nigerian bank account holders have 500k and above in their accounts!
And you are calling 1bn anyhow!

It doesn't mean only 2% of Nigerians have 500k.

I hardly have up to 500k in any of my bank accounts, but I have funds way more in investment accounts.

You have to analyse headlines, and pick the right things to believe.

For instance, an article read 'Stock market gains 400bn in February'

By the time you consider that the total value traded in the month was under 80bn, and that most trades are executed at 10% profit or less, you'd see that the real profit that was taken was probably below 5bn, and the remaining 395bn didn't materialize.

Nobody really likes keeping funds fallow, that explains the meagre percentage in that headline.

It's also said that less than 50% of Americans have up to $1,000 in their checking accounts. It doesn't mean they're that broke now does it?

Lxdd:
And can you bid at each auction even though you have tbills already?

Yes you can sir.

As a matter of fact, you can place several bids at the same auction. You may have to use different banks though.

alBHAGDADI:
The verse you quoted, had it been you read the entire chapter, you would have seen that Paul spoke of interpreting the tongues spoken or else it is meaningless to those listening and even to the person speaking it if he can't interpret. Read the entire chapter

I think it's you who should rather read the full chapter in its true context.

Apostle Paul wasn't talking about someone speaking to edify himself. Rather, he was talking about someone who spoke to edify the church. He said if you spoke without interpreting then, no one in the church gets edified. And thus he recommended that to manifest the spiritual gifts for the church's edification, you should either prophesy in a known tongue, or interprete (in known language) whatever you speak in an unknown tongue.

He didn't by that rule out the place of a believer praying in an unknown tongue to edify his own self.

alBHAGDADI:
Are you saying one branch of RCCG is different from another in terms of doctrine?

If no one tells RCCG members to speak gibberish, then why isn't anyone telling them to stop speaking gibbersh? It simply shows that gibberish is encouraged because they themselves don't know what true speaking in tongues is

Now how does rekekekebhhuxb ishakkjhsb shanananhus edifies the speaker and church? Which earthly language is that?

First, I didn't say anything about difference in doctrine. What I said was that the fact that you heard people talking "gibberish" doesn't mean it's the church that tells them to. And if you've been at some parishes where you actually saw or heard the church leaders instructing the folks to speak in false tongues, I said it's Still wrong for you to generalize that for the entire church, as I have been at parishes where nothing remotely close ever happens. So you're TOTALLY WRONG in thinking or implying that it's a church doctrine to instruct members to speak in false tongues.

Now, you're still acting in ignorance by thinking because the tongues a person speaks in sounds strange to you, you are qualified to classify them as gibberish.

What do you think places you in any position to judge people's tongues?

1 Corinthians 14:2
For he that speaketh in an unknown tongue speaketh not unto men, but unto God: for no man understandeth him; howbeit in the spirit he speaketh mysteries.


Just as the thought of those people thinking the believers we're drunk didn't invalidate their speaking, so does your own funny assessment not.

Lxdd:
Hello bosses. One question, how many auctions does the CBN hold per year?

7 auctions each quarter,
28 per year.

alezzy13:
Chei!! See people calling tens of millions like say na Kobo.

you can either let the figures inspire you, or you let them intimidate you.

The former is what we expect.

You should also know that not everyone on the forum started out at the same time.


I expect most of us who might yet be on this forum to mention assets in millions of dollars in the very near future-That's a Sunday prayer that's already answered.

zamirikpo:
All this talk about retirement is interesting but unreal...

I must warn u, before u do that, calculate your monthly expenditure , including diesel , transport etc ,double it and then multiple it by 20years. The figure u get, should be in your account before u thing of retirement.no be by the age u like.

Remember this will only guarantee a comfortable life , not a luxurious one..it also won't take care of your cravings and hubbies.

The more you have, the less you'd need the calculations.

Onuokwu:
$6k on $30k or $6k on $300k? The former will be 20% per month and 240% compounded annually. i.e he grows $30k to minimum of $72k within a year. Well....that will be some trader/investor.

6k on 30k. that's even less impressive than his 290k on 9k within 2 years.

Agbaletu:
Hello, what would you be doing when you retire at 30/40? I still don't understand how an able man or woman would retire at such an early age!
Maybe I am missing something sha.

It's what they say. Most people hate their jobs.

So early retirement means you don't have to get up when you don't want, and if you feel like going hiking for a full month, you don't need anyone's permission. Some go fishing, some to the golf course. There are those who volunteer with charities.

I like to randomly teach physics to high School students once a while, but the deepest one for me is to be there in church.

In all of these activities there's a huge comfort that comes from knowing that even though you didn't actively chase money today, there's some extra 1m that's been added to your networth, and by tomorrow there'll be another extra, and so it comes each day.

Think of Bill Gates, his engagement at the Foundation never stops his earnings from accruing. he probably found a higher passion for charity than he had for coding and "wall-streeting" so he's left the latter to pursue the former.

OgogoroFreak:
See your mouth. And you are here in tbills thread trying to make more money?

I buy T-bills once a year. Buying takes an insignificant portion of my time. It's still a few months before this year's purchase comes due.

I'm not here to make money ( or is anyone sharing money here?). Rather I'm here to have meaningful discussion with like-minded folks.

Note that I didn't say I hate high income, I only said the only job I'd consider to be worth my time is being a pastor regardless of the pay. So now that I still work actively, I want to put enough assets in place so that even if my salary as a pastor is 20k a month, my earnings will be above 5m monthly.

alBHAGDADI:
I've attended RCCG before, so I can state clearly that the tongues they speak there is gibberish and has nothing to do with human language.

Why not point out what other purpose tongue speaking serves other than for one to be able to communicate the gospel foreigners and as a sign that you are being moved by the Holy Spirit?

So because you attend 10 or less out of hundreds of thousands of parishes mean you can generalize?

I've attended at least 6 RCCG parishes across 5 different states, and nobody tells anyone to speak gibberish.

And for the purposes of tongue-speaking you mentioned, I stated them in my initial post to be edifying the speaker and edifying the church.

Sholapey:
We're on the same line...You're my kind of person! I'm a female, 37 year old now with 54 million in ntb and a property worth 70 million am planning to retire by the time am 40 years old by God's grace. I thank God for all he has done for me. I started working at the age of 17y and i got a part time admission to study business administration and left Nigeria to uk @the age of 20y after my OND. Because my aim was to break the backbone of poverty without using my body. Luckily for me, i was able to get a 9am-4pm retail job few weeks after i arrived and later got an additional cleaning job part time of 5pm-7pm mon-fri and pękę job on Saturday. I have only Sundays to rest after church services, i was able to build a rented apartment at age of 24y and rented all out and i have been diversifying my investment with the help of God on my side. Now, am married with kids, i could not work like i used to because of my kids but i have my hard earn money working for me.
This is not to show off but to motivate young once out there, that you can be anything if you want only if you set your mind at it. And to change the mindset of some people who always think only their body can get them what they want. Hell no! Ohun ti a ko ba jiya fun kin pę lòwó, ohun ti a ba sisę fun lohun pę lòwó èni...ma'fowuro sere òremi, isé ni afin déni giga. To my fellow investors, i wish you all best, ori olori oni ko'ere ise wa ooo. Amin�

Beautiful!

Barrytone:
I envy you, at 25 I was still getting upkeep from my parents. Made first million at 35yrs and am 42yrs now and hoping to retire at 50/55

I hope it won't be just golf you'll be playing o.

igbizen:
I don't think that will be the case. Bad leadership would embezzle the excess money thereby leaving us the same way we are. The problem with our country is leadership not interest rate nor inflation.

This is what I say to comfort myself that rates should stay at 15%. Cos I know that even if debt service cost reduces to 1trn, it would mostly just mean more funds to loot. So it's better the funds come to us investors.

Akin3891:
U guys will not kill me with laugh oo. 600k over 18 mils annually. ImpossiCANT.

But it's true.

alBHAGDADI:
1 And when the day of Pentecost was fully come, they were all with one accord in one place.
2 And suddenly there came a sound from heaven as of a rushing mighty wind, and it filled all the house where they were sitting.
3 And there appeared unto them cloven tongues like as of fire, and it sat upon each of them.
4 And they were all filled with the Holy Ghost, and began to speak with other tongues, as the Spirit gave them utterance.
5 And there were dwelling at Jerusalem Jews, devout men, out of every nation under heaven.
6 Now when this was noised abroad, the multitude came together, and were confounded, because that every man heard them speak in his own language.
7 And they were all amazed and marvelled, saying one to another, Behold, are not all these which speak Galilaeans?
8 And how hear we every man in our own tongue, wherein we were born?
9 Parthians, and Medes, and Elamites, and the dwellers in Mesopotamia, and in Judaea, and Cappadocia, in Pontus, and Asia,
10 Phrygia, and Pamphylia, in Egypt, and in the parts of Libya about Cyrene, and strangers of Rome, Jews and proselytes,
11 Cretans and Arabians, we do hear them speak in our tongues the wonderful works of God.
12 And they were all amazed, and were in doubt, saying one to another, What meaneth this?
13 Others mocking said, These men are full of new wine.
14 But Peter, standing up with the eleven, lifted up his voice, and said unto them, Ye men of Judaea, and all ye that dwell at Jerusalem, be this known unto you, and hearken to my words:
15 For these are not drunken, as ye suppose, seeing it is but the third hour of the day.
16 But this is that which was spoken by the prophet Joel;
17 And it shall come to pass in the last days, saith God, I will pour out of my Spirit upon all flesh: and your sons and your daughters shall prophesy, and your young men shall see visions, and your old men shall dream dreams:
18 And on my servants and on my handmaidens I will pour out in those days of my Spirit; and they shall prophesy:
19 And I will shew wonders in heaven above, and signs in the earth beneath; blood, and fire, and vapour of smoke:


If I ask you to show me where speaking in tongues is a language no man on Earth understands, you won't be able to do that. All through the Bible, speaking in tongues has to do with another language. On the day of Pentecost as seen in the passage above, the Holy Spirit gave those Galileans utterances and the Bible says they spoke with other tongues. This means they spoke in another language, not gibberish. How do I know this?


Verse 5 says men from every nation under heaven were present there. The Bible even listed some of their nationalities and went on to show that every man heard the disciples speak in his own language. This shows that the speaking in tongues wasn't gibberish but a language under heaven known by men.

Now, if they were speaking the languages of the men from different Nations around, what do you think they were saying actually? Don't you know that God used that wonderful sign as a means for those men of other nationalities to hear the gospel? But to you, they weren't preaching but screaming jargons. Verse 11 even shows that the foreigners acknowledged that the things the disciples were saying in their languages were about the wonderful works of God. Isn't that preaching to you?

Yes, some thought they were drunk. This is normal because every wonderful work of God often gets people who doubt it. But did you noticed that those who thought the disciples were drunk came later after others had believed? Peter had to clarify them that what they are experiencing is what Prophet Joel prophesied about that God will pour out his spirit on all flesh and they will prophesy. Prophesy is another word for preach, and that is what those people speaking in tongues did.

As for Cornelius and his household, it's still wasn't gibberish they spoke but other tongues. They spoke other tongues which probably must have been Jewish because that was how the Jewish believers who came with Peter were able to know that the gentiles had received the holy ghost. If speaking in tongues was gibberish, then any nonentity can speak jargons and claim to be filled with the holy ghost. How do you spot the difference? It is by having someone from nowhere who understands the earthly language interpret what the person is saying. But the jargons you people speak today doesn't ever get interpreted nor do we know the language spoken. This means it's all fake or demonic incantations.

Acts 10:44-46 King James Version (KJV)
While Peter yet spake these words, the Holy Ghost fell on all them which heard the word.
And they of the circumcision which believed were astonished, as many as came with Peter, because that on the Gentiles also was poured out the gift of the Holy Ghost.
For they heard them speak with tongues, and magnify God. Then answered Peter,

Your post could have been much shorter.

Now read through my post once again and tell me where I said the early Christian's were talking gibberish.

Instead of reading comprehensively you're making unfounded claims.

Again I restate to you the other things I addressed in your original post:

1. You're making a silly assumption by saying it's gibberish the RCCG tells it's members to speak.

2. You're making an ignorant statement by saying the sole purpose of tongue-speaking is evangelism.

That's all I pointed out to you.

GonFreecss1:
With what you have explained, you are working for your money. It's not working for you.

How so?

I think if he has funds tied that brings in constant returns whether in equities or other markets, that money is sure slaving for him.

Mftivi:
$300k is not too much for speculative trading and 90% of Goldman sachs funds are not in fixed income. To each his own anyway.

Who says anything about Fixed income with Goldman?

So you really think $300k is a joke?

Agbaletu:
You can't be serious, Bros.

Super serious. That's why I'm trying to put enough assets in place, cos i'll be retiring under 40 to go full time. All things being equal, earnings will yet be on a constant rise.

Seun:
Satan exists only in the minds of those who believe in Satan.

And in the minds of those who think he doesn't. Because he is the very reason they're blinded. Just like a mad man. He doesn't think his madness exists, because that madness is the very reason he is unconscious of it's existence.

Mftivi:
Well he got lucky and he knew he made is money out of luck and smart enough to stash it away in fixed income. Good traders repeat trading success over and over while keeping risk at very minimal.

That kind of success in such a venture as trading doesn't happen by luck.

The guys has a working strategy.

He takes trading as a full-time job, and consistently makes upwards of $6,000 off his 30k account every month, whether it's a bull or bear market. That isn't luck.

Why he reduced his account size to $30k I'm not sure. But it may be that he thinks that's how much he can consistently manage given his current strategy and the surrounding fundamentals.

Same reason Goldman may give you only a $10m portfolio to manage even though they have billions to spare.

aremso:
yes ooo very correct in those days when i started with 100k i was was eyeing 1m from 1m i was eyeing 10m that it would be fine for me, i got the 10m i then switched to 15m then i have started looking at how to get 20m by year end. The truth is, only death that can put an end to human greed. But i make sure am ok with whatever i have while pursuing the next target

Asides the fact that I hate complacency, I'd be fine even if I had less. For instance, if I was to choose between being a pastor with 50k monthly pay, and being a consultant with 18million per annum, I'd take being a pastor without thinking twice.

alBHAGDADI:
RCCG got their doctrine wrong. According to them, speaking gibberish is speaking in tongues, something even toddlers and mad men do.

But they fail to understand that speaking in tongues is the same as speaking in known language which you never understood nor spoke before. The essence is for you to preach in areas where you do not understand their language. The Holy Spirit will envelope you and give you the power to speak their language. That's what happened on the day of Pentecost. The people who received the holy Spirit where gifted with the power to speak foreign languages. That's why when people who came from all Nations under the earrh gathered and heard them speaking in tongues, they could hear their native tongue being spoken by the Christians who were Israelites.

Read the book of Acts chapter 2. And don't let anyone fool you into thinking speaking in tongues is gibberish speaking. It is actually human language.

So where did you get the silly opinion that it is speaking gibberish that RCCG tells people to do.

And you're with incomplete knowledge to think that speaking in tongues is only for evangelism. The two major purposes highlighted of it in the Bible are self edification and body of Christ edification.

And in the Acts 2 you're quoting wrongly, it wasn't the believers' tongue speaking that preached to the people around them. For fisrt, they weren't even sharing the Gospel, they were rather praising God. Second the people weren't hearing any preaching, rather they thought they were hearing drunks.

It was Apostle Peter's message in normal language that did the preaching, and it expalined to the people the fact that what they saw was a manifestation of the prophecy in Joel, where God said He would pour out His spirit on all flesh in the last days.

Now if you're ignorant submission were true that tongue speaking was only for the purpose of preaching, why then would it be that the people whom Peter preached to at Cornelius' house started speaking in tongues while they were being preached to. You think they were returning the preaching?

Learn today, that the primary purposes of speaking in tongues for a believer are for his personal edification and for the edification of the church.

Remember the scriptures that says "Build your self up in the most holy faith, praying in the Holy Ghost".

You'll be sounding authoritative in ignorance when you're not an atheist like Seun. Even Seun sef is being more..... these days.

Seun:
But sir, we can all speak in ‘unknown languages’. How can doing something that we can all do be a sign of anything?

You can all "blab" but not "speak". There's a difference.
Being able to really speak meaningful statements in an unknown language is exlusively a gift the Holy Spirit gives.

Your blabbing could never produce any result, whereas I could get a person rid of cancer by my speaking.

234ng44uk:
I laugh in Chinese. The more money you have, the more greedy you become. By greed I don't mean investment recklessness, just a tendency to want to make more money. You'll always have the next target, and the next, and another next. I'm yet to see anyone with good financial worth crying that he's making too much profit.

There are some of us who are able to priotise overall benefit above our quest for more.

While what you've stated is true of the typical human nature, some people have a refined version of it.

aremso:
zenith is a kind of stock that if one knows how to play game in it, one will not pay school fees at all or at least pay little fees. Some may not take my words but from my experience all these while after marking down it will do IGG then go down the rise after q1 result then some investors will use that opportunity to bail out then starts coming down after the q1 IGG then it will galloping till oct/nov when investors come again to line up for FY result/dividend expectations. Many newbies put head after when they notice IGG after marking down or after q1 result and only to buy at higher price thinking the price would be sustained but alas the price kept going down till it get to a certain level it will be galloping. So i enter at a very good price qualify for the dividend, wait for IGG then bail out. One has to be smart the theory of when you buy a stock you own it as if is your company in economy such as Nigeria? Haa i no do! Most important thing for me is for my money to keep working 24/7, TB, mmf are there for me to tap into while waiting for another planting season.

I think the pattern may even be true for some other stocks.
Great move with the fixed income mix too. There was this guy that grew his $9,000 trading account to over $300,000 within about 2 years. When asked about his current trading, he said he only trades $30k while the rest is stashed away-in Fixed income I suppose.

It makes no sense to make money from the market and give it all back via bad trades.

Mpeace:
I think they can. Remember the dilution involves 6billion additional units. That should lift their OS to about 35billion same with UBA, FBNH etc. If they do well in 2019 they should match that EPS.

The acquired DIAMOND assets should add some new returns now.
If they're able to get say 1trn of quality assets on DIAMOND, a 3% net returns on these assets should dissolve the dilution effect now.

We're not assuming that ACCESS is paying for a completely empty DIAMOND.

maishai:
zenith will go down to like say #19......I say this as i have a feeling that top traders can rove through dividend paying stocks @ little commission and trading charges qualify for dividend and bail out....I am still trying to formulate a strategy for this cos I think it is only during earnings period that one can say he is guaranteed profit for sure

Somebody is hunting for a 250k dividend which is effectively 225k after knocking off WHT. Why will they buy at say 2200k ( BEP @ 2265) and then plan to sell at 1900.
Adding the 225k to 1900 takes their proceeds to 2125. Implying a 150k loss for all their troubles.

I think 20.50 should be the least level for all dividend-hunters induced crash.

One thing we should bear in mind is that for sound stocks like this, their book value increases year in year out (by more than 10%). So the market may actually price this in.

rebekah2011:
Bismark Rewane I believe has done his full term as an independent director with FCMB as prescribed by the CBN. I do not think anyone outside the cycle of the current government will be appointed as CBN Governor.

Godwin will serve another term.

GonFreecss1:
You can see I meant YTD... No one knows the future, but I can bet many people are running away already.

Same people that will come back and buy at 50% premium.