₦airaland Forum

emmanuelewumi:
You have spoken well as a Financial analyst (I guess). What is your suggestion on how Financial illiterate and gullible Nigerians (rephrasing your comment) will do to get their money back?
We are talking about 60,000 investors here! Don't you think that some of them could end up commiting suicide?


When you invest, you invest in either the equity or debt of the business.


Those who invested in Farm Forte, I guess loaned money to the business. What is the pedigree of the founders of the business? What is the collateral security when they invested in debts of Farm Forte.

Interest rate is about 24% and below, don't you think that is cheaper for the business. Unfortunately the business is not bankable that was why they couldn't get cheaper funds from the bank.


Any investor who loaned money to Farm Forte should know that they have invested in the debt of a business that is not bankable and there is a high probability of losing their funds.


Ayoola lost N20 million, which was his retirement benefit. As an accountant he ought to know the importance of risk management and diversification, he should have invested his funds in up to 5 different asset classes ( not referring to 5 digital agricultural Investment platforms).


People who lost their money, should be on and count the money lost as tuition fees for their business and investment education.


When a man who has money meets a man who has experience, the man with the money will gain experience while the man who has experience will get the money.

emmanuelewumi:
Investors are expected to do their due diligences, make provisions for margin of safety, understand how the Investment makes money, have an average idea of the market, know the expected profit margin from the business, the growth rate of the business.
Oga!
Are you saying that those who invested in shares of moribund companies are fools?
Are you saying that those Contractors and Staff who are being owed are fools?
Are you saying that Nigerians who kept their money with commercial banks and lost all before CBN Governor Sanusi came and sanitise the system are fools?
What you don't seem to understand is that crowdfunding had been in existence since 19th century and this system has become a veritable source of funds to grow SMEs in China and other developing countries.
What you need to do is to condemn the activities of these scammers and pray not to meet their type of human beings rather than talking as if you are super intelligent


I stand to be corrected all the people who lost most are either greedy, speculating,dumb, trying to play catch up or lacked basic understanding of functional financial literacy