₦airaland Forum

OkaNaUbe:
Spell Lalasticlacla,
SS NN AA KK EE

kpom

Freedem:
It depends on your timing.. I converted 238,000 from euro to naira about 3 years ago.. at the rate of 1 euro to 420 naira. Approximately 100 million naira..

In two years of investing 100mill I managed an average return rate of 15% each year, so in two years 100 million has earned me an interest of 30 million naira.

So what I did was to convert 30 million back into euro , thankfully the naira conversation rate has even appreciated.. and I was able to get 74,000 euros .. rate is now 402 euro to one naira..


So I have my 100million working in Nigeria and 74000 Euros.


This is how you edge against inflation..

Remember all my money in euro was not more than 238000 euro.. meaning ive already gotten 31% of my money back in euro within only two years..

At this rate I estimate in another 6 years I'd have recovered my full euro investment in 6 years.. and still have 100mill sitting in my tbill account.


If for some reason the exchange rate appreciates against the naira, remember I now have Euro that is also appreciating similarly...

So it's a win win.

Think about it.

This is good. But did you invest all of the 100M in T.bills without diversifying? What if going by GonFreecss1 :..advise, the Naira has depreciated further, that would have actually been a loss of purchasing power even though your Naira remains the same.
But, I must commend you for having the foresight of buying back Euro with the interest you already gained.
Also you can look towards real estate (that is if you are not already into) to diversify your investment portfolio the more.

Racoon:
Labour don buy job.Guess Labour Minister and the Tripartite Committee Chair-Ama People assured Labour that the president will accept the paltry #30K minimum wage baseline? The government is never sincere in anything.

This is purely scam, and NLC,, foolishly believed them.

GAZZUZZ:
8 units of 205/65/16 production 46/49th week 2017 available.

how much Sir for one?

This man is truly going mad.... small time now him go enter street.

GonFreecss1:
Not all Cryptocurrencies are an investment per say. Most of them like Bitcoin serve as a hedge against inflation.

Are you willing to bet the naira will not keep depreciating with respect towards the dollar? Or other goods and services? Sine you are not, then it's a good idea to hedge.

Because something pays me back x% in naira with a 99.999% guaranty doesn't make it low risk or safe. If 500 naira becomes a dollar tomorrow, your buying power will be affected and your Treasury bill interest and capital will be too. I don't know why people don't always think about this or forget to.

If land was traded on a computer like stocks, many people will call it high risk. The reason many people are at rest owning land is just because there is no structure or framework in place to see the amount of lands sold per day (volume) and how many people are willing to buy or sell (liquidity). Trust me, if they were traded on a computer people will have a heart attack.

Is Treasury bills low risk with respect to getting your naira back? Yes.

But it can also be high risk with respect to buying power and wealth preservation or creation.

I just think many people like instant gratification, hence why they stare clear of stocks and call it risky, same as cryptocurrencies. Some cryptocurrencies are securities but ones like Bitcoin to me are not an investment but a hedge against a currency crisis, inflation or systems that require trust.

What many of you think is high or low risk is not what you think with respect to wealth preservation.

There are even cryptocurrencies you can mine via a sort of mechanism and earn % almost the same as Treasury bills, but the % you get back is in that currency, and yes they don't have an iota of risk in that your principal will always be with you and your interest will definitely always come, but I can't shake out the fact that your interest and principal are in that cryptocurrency, so you are at the mercy of it's market value... and this is the same with naira in Treasury bills, the % you get is not a % of buying power or wealth, it's just a return in your naira. That is all. Not a return of your wealth or buying power. A return on your naira. This is a very important point. Your return is not in dollars or pounds it's in naira... hence when the value of naira gets beat down, your Treasury bills principal + interests becomes a loss. Don't get me wrong, you are still far better off and richer than people who don't invest, but when did beating mediocrity slightly become an achievement?

I am not attacking Tbills, I am just letting you all understand what the low risk and high risk you think you understand means.

I will rather hedge my funds against inflation by, having a domiciliary account and buying dollars with it. As far as safe investments goes, T.bills is about the safest out there. If I want to diversify, I can do equities and real estate.

GonFreecss1:
The Equities are the best forms of investments in my opinion, but a lot of people think they are too high risk, lol.

You can also consider cryptocurrencies, they are your best bet against inflation and if you feel the systems in place are not to be trusted.

The equities, yes if you are investing for the long term and equities in strong and dependable company. And still it is still riskier than T.bills
Cryptocurrencies is a very volatile form of investment to be advising someone who is looking forward to a low risk investment like T.bills which is the major reason for this thread.

GonFreecss1:
Perspective my man.

Being rich is relative. This is something Nigerians as a whole have to understand.

Remember the country you are in, we mostly depend on imported goods hence our goods and services are sold in dollars. It's a fair estimation to agree that in the future (Let's say 10 years), 1000 naira could make a dollar. If you agree with this analysis, then all you have to do is divide the current naira rate by the estimated one in 10 years and figure out the % increase. Do an average for Tbills being compounded from now till 10 years time, ask yourself do you think this Tbills compounding will beat the drop in naira over this period? Do you think the naira will get stronger relative to the dollar?

I can imagine the look on the faces of those compounding Tbills for a while when Naira dropped from 160 naira to a dollar to 500 naira to a dollar, almost made all their gains insignificant. Yes, it corrected back to 362... but know what happened to their buying power? It was destroyed.

Like I said in the beginning, being rich is relative. Of course people who did Tbills were far better off than people who don't invest in anything at all (many Nigerians), but they too were affected and their wealth affected too. Wealth is all about buying power, there is a favorite saying, if you can't buy something 5 times you can't afford it. So that means someone who had a million before could buy a laptop worth 200K 5 times. He can afford it, but the moment that laptop increases by just 10% (220k), he can't afford it again.

That's why I advise people to diversify. Tbills is good but it's not enough. Especially in the type of country we are in...

Your last sentence, diversify to what exactly? How many investments are out there with low risk.
I believe people considering Tbills have low risk appetite.

I miss this man and his lies

kunmiiii:
But you're foolish enough to believe only the executive has the absolute power to enact minimum wage, be well informed before you all come here to embarrass yourselves.

I won't trade words with you. And believe me, you don’t know more about these things than me.
Enjoy your day.

kunmiiii:
The real question should be when will you emancipate yourself from ignorance, it must really be tedious and frustrating being you, The beauty of democracy and federalism is at work...How hard is it to comprehend that I the new minimum wage needs legislative proceedings to become a law.

The president should first give his accent to accepting the 30k and then forward that as a bill to the National Assembly to pass into law.
Imagine he doesn't accept 30k and agrees to 24k and sends the same to the National assembly, then we are back to square 1.
My belief is that NLC,, called off the strike believing that the president will accept the 30k. Unless the leadership of the NLC,, has taken bribe and won't lift a finger to protest against this injustice.

HisSexcellency:
He has no choice but to approve it, the fear of 2019 elections is the beginning of greater things for the masses.
Infact let NLC also protest for the reduction in pump price of petrol and watch the dullard reduce it cus of elections votes

What will you do in 2019? The elections of Ekiti and Osun should tell you something. If you demonstrate, the cowardly Nigerian Army and NPF,, will gun you down.
Take this to the bank, unless God intervenes, Buhari will rig his way to a second term come 2019.

NLC, was foolish enough to call off the proposed strike. If the strike had gone on as planned even with the agreement reached (whatever that means) , the presidency wouldn't be uttering this nonsense. They would have been looking for ways to pacify the Nigerian workers.
Yet again, Nigerians have been taken for the fóols they are.

Afamed:
it might not take up to that. If National Assembly gives it a speedy passage.

We all know how selfish our politicians can be. They may wait till after the elections.

wtf

Afamed:
New minimum wage is a law. It will be sent to the National Assembly for approval, once that it's done, it becomes viable for payment

So we are looking at another 6 months or more?

when will they start paying the MW? hope not after the elections.

GAZZUZZ:
What do you have to loose?

very funny man.

Bukolar1:
Nawa ooo, nlc called off strike they never start, good Fg agreed to pay the 30k minimum wage on time sha

No amount yet... The president will announce the new minimum wage by 4pm today.

Greetings Oga Gazzuzz and other experts in the house. I visited another mechanic today and sadly he confirmed that my top gasket has been affected. And advised that I change the gasket and resurface it.
I don't have the money for the labor now. what if I remove the thermostat, and run the car like that for the meantime will it help? At most a month from now, I would have sorted myself out.
Advice needed please.

delzbaba:
This guy needs suspension

Why?

delzbaba:
This guy needs suspension

Why?

J0hnTrevolt:
Bro do u get d best of fuel economy on this ride?
I hav same ride 2002 model bt d fuel economy is nothing to write home about, i only use it nw as a back up car to my main ride. Drives very smooth bt d economy is zero. Roughly 11mpg.
How about urs?

for a v6, I believe the fuel economy is not that bad. Considering that, I switched from Mercedes 230 to this 7 years ago.

Machini:
"Alaoji"....seems you reside in Aba.

yes bro

I am missing Abagworo

dru23:
No problem... ....for future sake, try and invest in better coolant. Look for sellers that import the real stuff ..you can find them on nairaland... I had bad experience looking for coolant.. Am hoping my cars will manage themselves till I import my own

I pray Oluwa pick my call soon.

Wiseandtrue:
Osibanjo can do nada (nothing)! He is not brave not to say that brave!

Tinubu said he will support Buhari on a stretcher

So forget those ones.

If you are talking about that Yinka Odumakin and some other Afenifere leaders then I can listen.

Everyone loves power. If the Vice president is convinced that the man who returned is not his principal, he would have found a way to leak that info.
But i am not dismissing anything or believing anything.

GAZZUZZ:
I'm afraid I cannot be of any more assistance. Proper Diagnosis required.

Just discovered, that the rubber on the one my mechanic changed was damaged. .. smh. I just hope getting another one will solve it.

fergie001:
Abag__ro?

Rochas and his stooge are gone....forget it

Yes. That is him. Do you know where he is now. Ayam asking for my neighbor pikin.

I like what is happening to Rochas.... Where is that his 'Hailer' that always supports him?

henchamb:
Ikpeazu that's yet to pay 6 months salary is ready to pay 42k
Hospital management board 11 momths
Abia poly (both teaching and non teaching) 12 months
Teaching hospital 10 months
Primary and secondary school teachers 9 months
Local govt workers 9 months
Ministries 6 months
Pensioners 15 months
With over 300 special advisers and SSA
Then the shapeless man promised to pay 42k when he's yet to pay 18k

I agree with most of your post. But i don't think he is owing any ministry and also i am aware that primary school teachers have received up to September Salary.

solihu:
;DAbia very commendable.

Ask him to pay now, he will start stammering. .... Secondary school teachers were last paid in March 2018, they are yet to receive their April salary till date. Pensioners nko? Abeg forget this man.. I am not even talking of Abiapoly staffs.