₦airaland Forum

Pearl1910:
Las Las na Indrive go scatter ehailing business. Make una continue to patronize them

. @578 per litre. Drivers dey accept these nonsense prices. Its longer profit and growth. Its feeding money and survival instinct.

Pearl1910:
Dollar is always cheap in December.
Alot of foreign based come home with alot of Benjamins.

Then I might wait till December to buy and invest. My brother anything wey increase in this country doesn't come down again to its normal price. If dollars doesn't get to 1k by this year end, it will in 2024. Nah confam I dey yarn you

izzou:
[color=royalblue]Still make room to buy dollar.

You will not lose, no matter the CBN and all that hogwash.[/color]

Yeah, you are point. I am looking forward to buy again when it falls to like 800 to 850 in black market, by December dollar might hit 1k

donbrowser:
Where's that dollar man? Read this update, it's very important. CBN is repaying billions of dollars in cash to banks, there will be excess of dollars next week which will most likely crash the price of dollars a bit. Good morning

Sold my investment, made huge returns and moving on to next big opportunity

Larry1960:



Bro you were damn lucky

omo the loss you for don make eeeeh you go dey had u know

Yeah very lucky. Nah God and my Gut .

dahflemzy:
As I open up this thread, I think say new update don dey Ni o.

Pls someone should help me tag that boss that bought dollars some months ago, ion know if it's generalzodd or not, I want to make some enquiries.

Omo, Na so Vikings07 con scarce for here o after him japa, after I go serve for Abuja. It is well.

Abeg Baz001 and Viking, if u see scholarships on information technology, tag my Monika abeg...I no won do uber again

I don sell all my dollars, I am moving to the next big thing. Dollar is falling, I sold at 920 5 days ago

dav1002:
Hollup!!
All these things for your new apartment
You no get electronics before?
Or you been sell am to millionaire drivers like some people

Lol. I dashed my friends the outdated electronics and brought contemporary ones

Itsrm:
Don't you think a better way to put this argument to bed is to tell us the prices of all these items around June when you started buying the dollar and the price you bought them now.

As lasgidi bred, I know all the hidden places in the Lagos where you can buy any item at very good price. Jumia and Konga dey disguise come buy and put it up for sale to make more money

pope191:


You no deh part of us nah… u get dollars

Nope. You re wrong. O.G in the game. Na we start Bolt with Uche in 2016

Itsrm:
Okay sir

Years to come

Itsrm:
And I still stand by it, if that makes me a monkey banana( whatever this means) so be it

https://www.nairaland.com/7186774/epl-chatroom-all-discussions/3100#125082867

Here are the things I bought regardless of inflation if I had not invested I wouldn't give it a thought.

Water dispenser

Sound bar

55 inches TV

Gas cooker

Binatone iron

Blender

Toaster

Standing fan

AC



The good thing is that I still kept change after the purchase.

pope191:
Boss let’s not pray these prayers, I’m a sucker for dollars too, but the effect on the economy is not pleasant atall. Almost all filling stations are not selling. PMS is gearing up to 720, where do we go from here? Another scarcity looming.

Glithronix, time to dust your kegs, it’s about to get real.

Na so i hear O ! N720 per litre? Na em be say half tank go be 40k, full tank be 80k. Nigerians don suffer.

Itsrm:
And I still stand by it, if that makes me a monkey banana( whatever this means) so be it

https://www.nairaland.com/7186774/epl-chatroom-all-discussions/3100#125082867

$5700 @ #740 naira = #4,200,000 invested in June

By August #4,200,000 naira invested yielded #1,200,000 naira profit

Everything total #5,400,000

No business in Nigeria can give you such returns, I can bet my balls

Make we dey try celebrate success, no need of negative vibes and energy

As for inflation you are talking about, I sold $ 500 dollar from my investment and bought electronics at a reasonable price in Naira for my new apartment, change still remain. There was no inflated prices

The impact of rise in exchange rate is yet to affect all commodities in Nigeria. It will take time for prices of all goods and services to go up

mejai:
In another news, Where is Generalzodd? Ur speculation is here.
https://www.nairaland.com/7797709/naira-inches-towards-1000-naira

I saw the future and I have made massive profit in the last 3 months. One monkey banana said I kept up with inflation. . Dollar is going to #1200 naira by December. My investment will yield more profits. Thank God I didn't listened to anybody trying to discourage me. Omo in this life, No gut, no success and glory. Its always good to trust our gut when making an informed decision.

donbrowser:
Enjoy the summer

Here we go again

Just acquired

We ain't stopping till target is achieved

Olayetan:
Wow

For real bro. No capping

davit:
Same here bro. My aboki has been asking me to come and sell for 850 sef.

I will buy more this week, I got a solid apartment I need some money for appliance and interior decor end of this month. Dollar will hit #900 soon.

@ 900 I will sell off and take my profits

$5700 will give me close to #800k profit

No bank, business or investment can give such money in a short period of time

Itsrm:
That's my prayer for everybody. If you post heavy money, I will celebrate it with you

Okay. That's nice to hear

I just hope you will cos your body language spoke otherwise

IFSHR:
Market is not a place again..

I earn in pounds and I know what I am saying....

Your investment makes sense...and the sense is selling it at the right time....and not overstating the profit....saying your profit is 500k is overstating it....

And hope you know some banks naira card now works for foreign payment
...wema 500$
Sterling Bank 1000$

Selling now wouldn't make sense, I want to accumulate as much as #1 million naira before I sell. I have done my analysis and projections.

As for the bank cards its cool if they are actually working now. It cant be compared to wired transfers, most people will want to do large volume transaction. Card is limited

Pearl1910:
Thats no longer passive income na

I no there type. They say what dey don't do.

Itsrm:
I'm not wrong. Someone who bought a land for 1.9m in 2018 if in a strategic location can sell it much higher than 4.2m today.

However you look at it, whatever product you decide to use as an example, you arrive at the same result.

How much was a plot of land selling in your area in 2018? How much is it now?

Again, only idiots put money in bank accounts. I don't know why you guys keep bringing that up as if its evidence of anything.

I'm not asking you not to buy dollar and keep, I'm just letting you know you're not actually making money if you have to convert it to naira to spend. The money you think you have made is just paper money. All you did is keep up with inflation

End of discussion

You re pained and bitter.

More screenshot of heavy money sitting in my bank account will be posted on this thread soon

Watch out

Pearl1910:
Emphasis on passive income. It was a good choice.

Although actions like this is the reason the dollar keeps going up. Imagine 1,000 other people buying dollars, just to keep. demand will keep increasing and naira will keep crashing against the dollar and our economy continues to get hurt.

for Naija wey we dey nobody send each other. Whatever you can do to multiply your money is a welcome development.

Itsrm:
Lol @bolded

1. Many stocks have returned more in the last 6 weeks.

2. Buy a fast moving product from China, sell for double or even tripple of your buying cost on Jumia.

.

Do you have your proofs. Talk is cheap

Before jumia and konga came to Nigeria, I have started selling online way back 2011. I got my first financial breakthrough and first #1 million naira selling online. The business model is not new to me broda

Pearl1910:
Still better off than someone who had the 1.8m and kept it in Naira.
However u want to twist and turn it. It's still a better way to keep your money if the exchange rate will keep going up.

Aside from driving Uber. I have been a serial entrepreneur. I have delved into so many businesses, some of the business I embarked on succeeded and some failed. A staunch risk taker when it comes to getting what I want. The worst business advice one can take is from someone who is not a business man.

Itsrm:
Of course, only an idiot will keep money in the bank in today's Nigeria. I hardly have any serious money in cash just lying around in the bank.

Once you make money, tie it down with something that can either keep up with inflation or beat it.

I'm just letting him realise he's not actually making as much money as he thinks he is.

Jealousy and Envy. Which business you wan do in today's Nigeria wey go give you 500k profit in less than 6weeks ?

Felicity001:
Better sell now and don't be too greedy... The price will crash soon

Don't say I didn't tell you

Naaah ! I ain't selling. Shingbai I no dey sell. I must see it to N900 before I sell.

IFSHR:
Bro you are a seller not a buyer....you can only sell to aboki and they won't buy from you at prevailing market rate....I didn't say it won't surge, it will and we in the surge period ...very soon those high demand caused by student who needs it for one payment or other will subdue by end of August and mid September....let's talk about the rate again ....your bought at 750...as at today you can only sell at 800, or 790...aboki will want to make profit and will only buy less than the BM rate.....your investment make sense and will make more sense when you sell during the peak surge period.....just don't sleep on it....ensure you sell when it will give you great return.

Have you been to the market lately ?

Itsrm:
This only makes sense if you'll eventually spend the foreign currency you're keeping.

Make the mistake of converting it to naira to spend and inflation has eaten up all your "gains".

E.g, If you had converted 1.9m to dollar and kept in a domiciliary account in 2018 when it was 360 naira to a dollar, you convert it at 800 today and make 4.2m naira, the only thing it will buy is the same 2005 foreign used corolla it would have bought in 2018.

The best you'll do is keep up with inflation. You're not making any money in actual terms.

You are very wrong on this one. Your analysis is false. Using a car as yardstick and parameters to measure inflation in Dollar in correlation with Naira is a very big mistake. Everybody knows that auto trade is heavily depended on foreign exchange, but that's not where i will channel my money to when I eventually sell off. I dey go to put my money into real estate. That's another sure banker any investor can rely on.

Money saved in Dollar and Naira can never be the same interms of inflation. Lai Lai !!! The difference is clear. Person put #4.2 million naira for bank come get #500k in less than 2 months is better than some one who put such amount in Naira account. I am 500k richer now.

Mind you if I decide to convert the money into naira now now. I can buy what 4.2 million couldn't buy before because I have extra 500k on it. The ripple effect of inflation take time to affect all sector of economy

People who doubted the prophecy. Oga pearl was the arrowhead.

From N740 to N830 as at today at black market. It will soon climb to N900. Demand is very high at the moment.

My prediction last month and its gradually coming to pass.

MoonlightDrive:
The George Soros of uber land. Keep piling up those dollars.

Yeah bro . I saw the future alot of people doubted it on this platform. There is an African proverb that goes: “What an old man can see sitting down, the young chaps cannot see standing up.” .

Investment of $5,700 has given me #500,000 naira profit in 1month and few weeks without sweating and working for it. Mega passive income !!!

No bank or Ponzi scheme can give such interest. Thank God I sticked to my decision. Alot of peeps here wanted to discourage me, but I remained adamant and resolute.

Omoapena:
Is this even possible

very very possible. Sincerely I like what Bolt is doing now with cash trips, They allows you make enough cash unlike before. This is making it easy to pay their commission and buy fuel and still make profit. I am currently owing them 30k, I will pay them 2 morrow evening.