Gerrard59:
Not surprised one bit!

I wanted doing same in my state of residence only to read the news where Fulani terrorists aka herdsmen destroyed the cassava plantation and cut off the farm manager's hands. Farm is owned by an aide to the governor of the state. Till date, I'm told nothing happened to the perpetrators. I kuku use the money to seek admission abroad and japa'd. No be me Fulani terrorists go destroy my investments.

Na mumu dey invest in Nigeria.

emmanuelewumi:





Smart Business people prefer having their assets and also getting returns through leverage.

Imagine having N10 million worth of mutual fund at 10%, and you have a business opportunity that can fetch you 15% in 6 months

You can borrow N8 million against your investment at 20%, do the business that will fetch you the 15% or N1.2 million in 6 months.

Payback the bank in 6 months or less, your interest payment will only be 800k. You have made a profit of 400k and you still have your investment of N10 million that will give you a dividend of N1 million in a year

This is just an examples, people make profit of over 25% per annum from business

tensazangetsu20:

What I will advise beginners is to learn platforms first especially with regards to web development. Find a platform and master everything about that platform. There's so much work in this platforms compared to general web development which most people are eyeing. Things like Magento, Shopify, servicenow, WordPress. Deep development within these platforms pay very well.

telim:
4m is too small to start any reasonable business.

Tejuri:
Was that you? Sorry about that bro.

I didn’t understand the freelancing question.

Tejuri:
My story.

Bitcoin: W
I sold about $45k worth of bitcoin in the early days of the corona virus pandemic when the price was crashing, I failed to buy back in when the price fell to around $4500-$5000 per bitcoin because I was hoping it will fall further to around $2500-$3000. I eventually bought back in at $7000 and sold when at $11,000. It did crash, to around $9000 about 2 months ago and I bought back in, I sold again at $19000 about 3 days ago. Beautiful year for crypto trading.

Football betting: L
About 3 months ago, I was kind of itching to invest in something new when I stumbled on a website that claims it gave accurate predictions, well I invested about 500k naira in it, I am not really a gambler but I just wanted to give it a try, and I actually won at first, doubled my money. Emboldened by my first win, I went in a second time, this time around with 3 million naira and I lost
Well even though I was really never much of a gambler in the first place. I am done with football betting now forever, expensive lesson.

US Stocks: W
At the beginning of the Corona virus I had some loose change and was looking to invest in something. It doesn’t take a genius to know that with lockdowns being imposed in many countries, many companies will experience a dip in stock prices because patronage is expected to fall, unless you have a business whose service will become more important during the lockdown. In March I bought 5 Amazon stock on eToro for $1820 each totaling just over $9000, I sold them in September when Amazon stocks was at $3400, I turned $9000 into $17000 in 6 months.

Freelancing: W
My day job is building mobile applications and websites and securing Offshore business licenses for clients. All the money I invest come from freelancing. This is a business that can be done by anyone. Start up costs are low, and with the unemployment rate among young Nigerians particularly so high I believe more of us should look towards getting into freelancing, and with the Naira so weak, earning in USD is basically a super power.

pcguru1:


Hey Man. Been reading your diary slot. I can seen you're trying not go into US stock. You really need to get CJ johnson course. One of the best ways to learn stock investing.

Find the link. https://gum.co/xMDOW

Billions123:
.

onegentleguy:



U are welcome bro !!

Now let me tell u the very same thing I told @rebakah when he had doubt after I recommended NEIMETH @37-39k then.
Hear this;
Before u or any other doubter will see what I am seeing in GSK, the price would've headed past its YtD high of N8.60 and push towards N11.70... it's FVE, using a mix of key valuation metrics that seeks a conservative reward margin but factors in a high risk premium !!

U know go see am. ...the reason I mentioned the part in bold.(see post above)
I would've put out a few of my valuation models to spot HIDDEN VALUE, but I don't want to do a long epistle.
It's just like NEIMETH and WAPCO when we called for a buy in it. ...those who were only looking at the surface couldn't see it then, until now.

Bull or NO bull, GSK is a very strong BUY @ the current mkt price. ...infact, accumulate !!
I like when people have doubts though. ...I even inculcate it in my strategic play with positioning.
I will remind u of this post on the day of reckoning.

Btw, we also hold other great coys.
Selah

Ikennamurphy:

Galaxy mall is igbo owned.. Get your facts right

Willie2015:


Try Etoro...
Dey ve a lot of Vanguard Funds...

OvaSabi1:
Who can recommend ETFs like Ark invest on Trading 212? I saw something from Legal and general but I really don't fancy it much.

ultron12345:





They do their dairy farming in the Saudi desert. They imported management from Ireland. Imported all their cows (modified breeds). They even had to put AC (air conditioning) in all the farm sheds for all the cattle to protect them from the harsh desert heat which can sometimes reach as high as 45C. Since they can't grow grass to feed the cattle, they bought land in Argentina and the US, grow the grass there then import them to Saudi Arabia to feed the cattle.

All this struggle and stress yet they are able to produce products that in terms of price are competitive in the international market, hence they also export to other countries. If it's Nigerians, they'll come up with 1000 reasons why it can never work and blame the government. Nigerians will be waiting for Dangote or indians/lebanese/chinese. If Dangote does it finally, they'll say it's monopoly. If it's Lebanese or Indian, theyll say it's money laundering.

Fonterra, a dairy cooperative owned by 10,500 farmers in New Zealand makes $12B in revenues exporting milk and other dairy products. That's 30% of the world's dairy exports, from tiny New Zealand.

Chiquita is doing $3B in revenue growing ordinary bananas in South America and selling in US. Dole does $4.5B doing same along with ordinary water melon and pineapple.

Ecuador, Philippines, Columbia, Costa Rica, Guatemala make $3.3B, $1.9, $1.6B, $1B and $1B annually from exporting ordinary banana. Ivory Coast and Cameroon get $340M and $250M from the same banana. Nigerians will be blaming government. Thank God banana is not an electricity intensive business. I wonder what excuse will be given for this. It's labour intensive and we have cheap labour, cheap land and a weak currency, yet we can't do anything.

All these are the kind of things we need in this country, this is what will grow our economy, not coding another ride-hailing app or biscuit ordering app.

Even if we want to do tech, we should go for IT outsourcing like India, not to be coding apps that our people are too poor to use. Where we can use our massive university educated and cheap labour resources to provide labour intensive IT services to companies in the developed world. Instead of them playing Americans $60,000 per annum, they'll outsource to Nigerian companies at quarter that price. This is what TCS, Infosys, Tech Mahindra, Wipro and many others do in India. These 4 companies employ 450000 (yes, not 4,500, not 45,000 but 450,000. Four hundred and fifty thousand employees), 242000, 125000, and 175000 people respectively and made $23B, $13B, $5B and $9B in revenues respectively. Over 95% of this revenue is "exports", meaning the money came in foreign currency. And they have over 20 of such companies in India, employing in hundreds of thousands. Imagine we had just one in Nigeria. But no, it's only hotel and filling station we can build. Ordinary call center, we could not do. We had to wait for an Indian company disguised as an "African Company" to come and get BPO contracts from our Telecom companies. That Indian company is employing thousands of Nigerians across several locations today. Only in Ibadan, they have over 2000 staff at their call center. All this while Nigerians blamed the government.

As we talk about making policies for ease of business, we should also ask, making these policies for who? Because it seems Nigerians are not ready to do anything apart from blaming the government.

So sorry to digress oo, back to your post.

I don't like the idea of CBN or government owning enterprises. They should just create policies and try to make things easier. In my opinion, the CBN is really trying, one can get low interest loans through the bank of agriculture and bank of industry. CBN is now the one doing the work of ministry of agriculture.

Even if they must own farms, they should have minority stake of 40% maximum, so that the private shareholders make the decisions. Before some stupid Nigerians enter government and kill the farm by using the management positions to reward their incompetent friends and relatives.

tensazangetsu20:


Bro I followed the hype with nodejs especially from that HNG internship that everyone insisted on nodejs. Omho I would check freelancing sites and I would be seeing like 600 nodejs jobs and like 12000 PHP jobs. Like 12000 WordPress jobs. Like 12000 Drupal and co and all of them jobs. And it's not jobs of installing themes O. Advanced jobs like editing plugins to produce specific functionality building out new features and all of that. Omho I got frustrated and dropped nodejs for PHP. I felt since node is JavaScript I can pick up nodejs anytime I need it without much hassle.

tensazangetsu20:


Its upwork currency for applying to jobs. Introduced by upwork to prevent spamming. You are given 20 when you join but you need to buy more once that 20 runs out to apply to jobs.

tensazangetsu20:

Op please I beg you in the name of God. Do not listen to this advice. This is demonic advice filled with toxic negativity.

Upwork works. Fiverr works. People don't take it seriously. They apply to 5 jobs and then they don't hear back and come and start whining that it doesn't work. It takes hundred applications to even get 5 interviews. It's a numbers game. Apply to 500 jobs on Upwork in your niche and come and testify. I always advise newcomers on Upwork to keep at least 50000 naira for connects. If you use it judiciously you would be smiling.

I don't know if you know how the tech industry works but no one gets job in tech based on connections especially when it comes down to hardcore competency. Do you know the job of a data scientist and the importance of data science to making sound business decisions. Why would a company want to jeopardize their future based on 'connections'.

As with all things in life, getting a job is a numbers game. You can't apply to 5 jobs and you don't hear anything and give up and start mumbling that there are no jobs. It doesn't work that way. Getting a job is a job. You have to be applying to at least 10 jobs a day to show your seriousness. I don't understand many men know getting women is a numbers game as they can talk to 100 women before they can get one but they can't apply the same mentality to getting a job.

emmanuelewumi:



Their money circulates within their community. The manufacturers are family members, in-laws, close friends.

They have family Businesses that have been operating in Nigeria for between 50 years to over 100 years.

With their type of pedigree, experience, networks, structure, cobtrol and capital, it will be very difficult not to grow and exhibit resilience.


Waiting for the time we will have a Nigerian brand or business of 70 years and above that is still growing in leaps and bounds.

onegentleguy:


SCENARIO 1;
The 1st thing u need to ask urself is; would that amount I'd receive from the bank today be worth what I'd give back in 3 yrs?
Put differently, is the N708,508 I get today really worth the N947,880 i'll pay back in 3 yrs?
The idea is to look to ensure that u got a better VALUE from the "weight" btw the funds borrowed and the interest paid at maturity.
Hence, we need estimate the PRESENT VALUE(PV) of that future value(N947,880) u'll pay to the bank at maturity, then compare it to what they're offering u now to see if its a worthy move.

Based on the data u provided;
FV= 947,880
Our interest rate p/a will be a peg that's >/= current inflation rate(@12.4%). So r=12.4%= 0.124 while n= 3.
Now using the formula for PRESENT VALUE, PV= FV/[(1+r)^n)]
Therefore PV= 947,880[1/(1+0.124)^3]= 947,880/(1.124)^3...
which should simplify as approx N667,505
So in essence, that N947,880 u'll pay in 3 yrs is actually worth N667,505 today.
The interpretation of this is that the bank is offering u approx N41,000 more than the actual value.(i.e 708,508 - 667,505)
...which makes it a good deal on the surface.

SCENARIO 2;
What if u were to invest that monthly remittance u'll be paying to the bank(N23,330.70) on ur own, and compound it over the same 3 yr period. ...more like looking to see if u can get that money u'll derive from ur salary deductions to work for u, rather than borrow and work for the money.
...would it be more valuable?
Again, we need to do an estimate but this time, it'll be a different formula... the FUTURE VALUE OF ANNUITY WITH CONTINUOUS COMPOUNDING.
The idea is to find out if u would be better off saving that monthly N23,330.70 in a fixed income instrument(say fixed/time deposit) by estimating the future value of that amount in 3 yrs.
Using the formula for future value of annuity with continuous compounding FVa= CF[(e^rt-1)/(e^r-1)]
where CF connotes ur initial cash flow(i.e N23,330.70)
Most banks will offer u btw 5-6% cap on fixed deposit, so we'll equate r as 6%. Hence rate prorated monthly= 6/12=0.5%... so r=0.5%= 0.005
t is the time period= 36 as we have a 3 yr period compounded in months.(i.e 12x3) while e is the euler's constant.

Therefore, FVa= 23,330.70[(e^0.005x36)-1)/(e^0.005)-1]
Which will simplify as approx 917,945
So FVa=N917,945
The interpretation of this is that ur N23,330.70 @ 6% interested can have a value power of N917,945 in 3 yrs.
Again, notice how this value is N29,935 less than what u would've paid the bank at maturity of the loan.(947,880 - 917945).
Hence, since both scenarios shows u are better off collecting the loan, then indeed, u are better off.
...JUST GO COLLECT THE MONEY FROM THE BANK !!

Hopes this helps.

Jarus:


Half plot. In fact, I have a 3-bedroom bungalow in the building already (where I stood taking the picture below).

emmanuelewumi:



You must have been a client, they always mail opportunities to selected clients, who are termed qualified Investors. Joint venture projects usually occur with real estate Investments, and you might not be able to cash before 2 years or more, you must be a High Networth clients before you can be invited for some of these opportunities.

Dangote Refinery is still a private investment, but some High Networth Investors, investment bankers and corporate lawyers etc have already invested in the project before it goes public

emmanuelewumi:



Some of us are well diversified into real estate, Treasury Bill, money market funds, FG bonds, corporate bonds, stock market, joint venture projects, personal businesses, real estate etc. I don't see such Investors as been in preservation modes

emmanuelewumi:




Fixed income Investments, real estate or invest in a joint venture project or investment with responsible and successful Investors with track record in such ventures.


Such opportunities can be gotten from asset management firms, investment banking firms and top notch corporate lawyers.

emmanuelewumi:



Can you give examples of such. MTN, Heneiken, Diaego, Actis, Stanbic, Maersk,ShopRite, Broll, Multi Choice, Cadbury, Nestle, Siat etc are all cashing out big time and Nigerian Investors are yet to harness the opportunities that are minting money for these guys

seyisanya:
In my opinion, this is the time for long term investors to begin to build their cash chest and wait for another opportunity to hit the market while short/mid-term opportunities still abound. Most US equities are now entering the overprice zone considering the current state of economies. I checked my trading account yesterday, and it was green everywhere! CCL now 115.63% up, NIO now 107.41% up.

NIO made a new high yesterday, so I sold part of my holdings to be injected into the NSE next week.

Indeed, we're making money this year!

feelamong:


Thanks for asking after me....

Been very busy on some other projects in the investment world...

Been very hard to keep up with the discussions here...most especially now that rates are quite low and discussions have gone beyond Treasury bills.

Stay Safe guys!!

Shalom!!

mtinfx:


I am from and live in akwa Ibom
So put your brain to work before you quote me next time

mtinfx:
Boooooshlt



Grab a pc
Enter indices and futures crypto market and change your life
Fck your jobs paying slaves wages

Na so so mumu advice dey keep guys reach 45 years no money, get skills and use it to start a business leave all these hope sellers

Job ke, slave coast ni

mtinfx:


In my field which is the financial markets
You can make that through trading
The following

Fractional shares
Margin trading
Indices

By also investing in
Staking, arbitrage etc.

salford1:

I believe there is a technology shift going on.
Almost all European counties have set a date to ban petrol and diesel fired cars. Norway has a set date of 2025..

For vehicles, battery powered cars seems to be gaining rapid momentum as can be seen by Mercedes, ford, hyundai, VW etc all getting on board. I live in a city of 16,000 people and several charging stations have been installed.

For power stations in Europe, before 2020, they will all likely be on green energy.
In North America, natural gas seems to be the alternative now pending when green energies eventually picks up. Very few power companies (maybe 1 or 2) in North America are still romancing the idea of nuclear, but this has not really being going down well with the public. Infact, several European countries are phasing out nuclear power. Lots of nuclear power plant decommissioning jobs in Europe.

I work for a power company outside the country and all our coal plants are getting shut by latest 2030. The replacement are the currently operating hydro, wind and geothermal. Natural gas plant and more wind farms are being built as I type this comment.

Airline and plastic manufacturers might be the only people that would be relying on petrol or diesel, and who knows what fuel cells are being researched for airplanes too.

RabbiDoracle:


It may still trend down more going by current news today. There are increasing numbers of shutdown all around the world. India just announced a lockdown of 1.3b people today for 21 days.