₦airaland Forum

Guy make i hammer $1millon i will get the Bleep out of this cold shit. Abuja or Lekki . invest in Bonds and T-bills . and retire. i will come and visit GeneralShepherd, in Australia.

abeliver:
how about you give me 15 million Canadian dollars and deport back to Nigeria.....

"Phone bills are more expensive in Nigeria" very big lie , Canada has the most expensive. i pay $60 every month. in Nigeria u buy recharge card to load ur phones. In Canada it is not the same. Guy maka why.

GeneralShepherd:
Are these bills not relevant to Nigeria? I am currently visiting Nigeria, I paid 15k to get just 40 Gb of data.

15k is about 45 AUD in Australia I pay 60AuD for unlimited data, unlimited calls nationally, 300 minutes to Nigeria and 1000 minutes to Canada, US and Europe.

Phone bills are more expensive in Nigeria , the lower quality internet available is also more expensive than what is obtainable in Australia.

So I really don't even understand this argument ab out bills when bills are even more expensive in Nigeria

prospects of packing oyinbo man shit and cleaning oyinbo man yansh abi? whilst i agree with ur thoughts, but in most cases only view people get great jobs. Do not be deceived the grass is not always green on the other side.

GeneralShepherd:
I do not care about what anyone thinks about how I live in Australia at all. It doesn't bother me.
I give my advise because I know for a fact that for an average Nigerian graduate there is more prospects for them in Australia than NIGERIA.

You can ask anyone who lives in Australia. Yes currently it is getting increasingly difficult to settle in Australia on a permanent basis but that was never my argument.

We were talking about economic upliftment

Work and die.

GeneralShepherd:
Oga if you want to party over to you but don't come and be complaining say Buhari economy is tough. Most white people don't even hold two jobs but we Nigerians choose to work doubly hard anyway

them know they hear, na when them show them go understand. Please every body come ooo to canada. Life is Good here.

ghuzy01:
They don't know what is going on.lol.when they come their eye will clear

so why would any one want to jump from frying pan to fire . after all do people work two jobs on weekend in Nigeria, lots of people party. Guy where u wan party when yah phone bills dey.

GeneralShepherd:
Sure most people in the West work 2 jobs and still have a more meaningful life that an average guy in Lagos that wakes up by 4am leaves homes by 5am and comes back by 10am. Do the maths and still make more money that the said person, live in a safer environment as well

and when u buy the house or apartment , u just fold ur arms and not pay bills right ? how about taxes ?

GeneralShepherd:
I am an immigrant who lived in Australia ,UK ,currently in Nigeria and will soon be moving to Canada.

Your salary in the West depends on the country you live , the type of work you do. Starting salary at Google is 100k , Amazon 120k for a software engineer.

A Nigerian doctor in the UK just bought his house after two years. Nigeria cannot be compared to any western country in terms of opportunities, I can confidently tell you that.

Like I said, I made my first million(naira) within months of living in Australia. I lived in Melbourne for 3 years. Made over nearly 300k in those three years, got a degree to booth. Could have made a down payment for an apartment if I wanted to.

Unless and immigrant is in the West illegally it doesn't take too long to settle in. So biko stop deceiving you people

Bros leave this man i beg, make him they excite himself.

ajl:
How much of that $70k remain in your bank account at the end of the year. And that $70k is the gross income before tax. What's the net income? Look beyond the immediate numbers. Australia has high income tax rate.

I am sure u are working 2 jobs.

GeneralShepherd:
A disability support worker with a diploma and I makes about $39 per hour ordinary hours, 1.5 x the amount on Saturdays and twice the amount on Sundays.

The job in itself is not strenuous. If you do the maths you can make that amount of money easy

Are they indebted ? what is the definition of poor.

GeneralShepherd:
Brother 90% of Nigerians are poor! I have said my own .

Bros are you back to Nigeria now? Men u 100% correct.

ajl:
Young man. I won't lie to you. You can work your way to earning up to $200,000 Canadian per annum but it require a lot of work, sacrifice and it's not guaranteed. Been there before but you have to learn to kiss white man "asses" to keep your job. Moment you start showing you are the "man" they will frustrate you out of the system. Most Nigerians who are very successful in the white man system know how to do that. At least its money you want. Is it not?

You think his lying, hmmmm . i confirm that 90% of what his saying is true. 80% of Canadians work until they are 70 years. you know why the bills. They keep adding up.

GeneralShepherd:
I paid 60k AUD is school fees in Australia without getting one kobo from Nigeria ! Stop lying to young people biko

Guy i know they buy any yeye house for canada, i dey send the small money wey i get to Nigeria make the money work for me. once i am 65 years. I will move to Nigeria back. If any body wan die for Canada he or she is free to do so. hmmmmm

ajl:
Tell them. They never sabi anything. More than 90% Canadian dont have to $20,000 in their account not to talk of $55K (N15 M).

car loan 250
student loans 330
homely expenses 250
car insurance 75
car maintenance 100
internet 40
phone bills 60
house rent 537
miscellaneous 300
transport 100
Monthly expense 2042

my monthly expenses in canada i earn $3200 , family wahala for nigeria never they their . Well make una they come.

akinola98:
Abeg guys

Is Afri-invest Nigeria Ltd a good investment company to buy secondary market FGN bond from

Thanks in advance

i use them for fgn Savings bond. i may try them in the coming months for TBills.

Let the discussion on t-bills vs eurobond. Commence please

RealityShot:
don't mind those advocating we hedge funds in dollar currency...
When Russia, China etc are boycotting the currency and trading electronically or in gold.
Mtchewww

https://www.google.com/search?q=Russia+boycott+dollar&client=ms-opera-mini-android&channel=new

Sit back and do the math..
You put 360k/1000$ in Eurobond @ 9% = 33k
Dollar rises to N 400 great!!

No!!
Your 1k$ = 400k and your interest = 36k ONLY! @400/$
BS!

Meanwhile, 360k @12% in Tbills = 43k

Show me the gain of doing EuroBonds
(you might end up buying $ @370 anyway)

surely u do not seem to understand investing, in investment u need to diversify. The t-bills u are talking about if the naira loses its value , bros u go know say khaki no be leather. However if u invest in eurobond, no concerns u with fail in naira.

[quote author=DigitalMallam post=82790631][/quote]surely u do not seem to understand investing, in investment u need to diversify. The t-bills u are talking about if the naira loses its value , bros u go know say khaki no be leather. However if u invest in eurobond, no concerns u with fail in naira.

deleson:
TBills VS Stocks - which is more profitable at the moment?

Factors to consider:

Duration
Risk
Interest
Liquidity
Processes

stock till dey? i do not put my money in something i do not understand.

NL1960:
Linda now bought when she had built up her funds and not before. If her ROI in TBs is lower than her other investments, she will not invest in TBs. Do you know if she has investments in stocks?.

You have also refused to answer my own question which is "why did Linda not go to build or buy her personal house when she made 5m or you thought she made the 850m for her house at once"?.

Guys make we know argue nah. please.

DigitalMallam:
There is no one size fits all when it come to investment, and I believe no one want to win this argument. Be it building for investment, TBill or what have you. Have a plan and follow it diligently. Each has its pros and con. I started building my first house in my home town a yr after my youth service and it took me 5 whopping years to complete, in the process I learnt some lessons but no regret, it made me wiser and thought me some lessons as well. Later on in life when I moved to Lagos and met an entirely different terrain. I could recall going on bended knee with my money at hand but my then landlady won't allow me to renew my rent. Never knew that was the standing rule in that house. You can't possibly stay more than 2yrs even if you work in CBN. Moving from one house or area has its effect on family, children's education etc. I was lucky to have heard of Tbill early in life. Luckily a better house directly opp her's was put up for sale, what did I do, I liquidated my entire Tbill investment and bought the house. It came at a cost, but I had to prove something to the woman. The fulfilment that comes with owning your own house can't be quantified, It was like a rebirth and I can plan better not to mention the huge respect you gain from the society. So let every one chart a course he/she believe is best and walk the talk.

Trust me in some ways renting is cheaper, it comes with its pros and cons.

NL1960:
This why i said you are missing the point of discussion. Nobody here arguing against using your first capital or using your 'tasere' money to build a personal house is saying it is all about TBs. The point being made here is that when you have low funds and you as a young person needs to choose building a personal house and investing in TBs, you should choose TBs in order to grow the funds in a less risky manner. If you cannot understand this simple flow and logic of this discussion then it means you are just arguing blindly. You have moved from Bill Gates to Linda Ikeji and now to Dangote. You keep mentioning people that have have made it through growing of their money.

Did Linda Ikeji just woke up one morning and saw 850m to buy the house or did Dangote just woke up one morning and bought a Yatch?. They all grew their money over time. There are people who grew their money through business, TBs, Bonds, stocks. Iam yet to see a person who grew his/her funds through the building of his/her personal house with initial capital or with 'tasere' money.. If you know of such a person, let me know.

Guys please lets argue our point without insulting ourselves. please.

Finelinks:
Oga Barry, the idea of GROWING THE CAPITAL is relative, thus evasive.

50m is a good sum, but it might still need to be grown.

It depends on the person involved. Even 1 billion might still need to be grown depending on who is involved because the person involved might desire a house worth 700m.


Even when you grow it to 2 billion, you might still say "grow it more... ad infinitum.
Mind you, nothing is guaranteed.

You might invest the money in business and one single government policy or misadventure will send you to the streets.

I want to agree with barry on this, we Nigerians are so possessed with the ownership mentality. if i knew what barry just said 10 years ago, i would be super rich today. The truth remains its good to grow ur money and use the proceeds to build a house or invest in real estate. i do not support jumping into buying a house and then start looking for money to grow ur business. Again what Barry is saying is grow ur money like an apple tree and use the yield to reinvest. it makes sense to invest in both money funds and real estate. But do not start with real estate with the believe that your money would just start growing. Start with T-bills, stock and Eurobond.

Barrytone:
Hope you go do jazz join so that they must use the event center or you have not heard of dispute of non payment. Some weekends are dry and some people organize events on the believe that money will be raised on that day but end up the other way. Business is good but the risks are not smiling either. My risk tolerance is almost zero.

lol boss are you seriously serious. Bros please may I discuss with you offline, I need more info. I am based in Canada was seriously think to invest in this. Surely, I need more info. I will inbox you my email. Please

Pharmtj:
how about building your own house and stop paying rent, avoiding landlords dos and don't for him house?

My thoughts is that you only have a filling of fulfillment that u own a house. Real estate investment is good if the rent to be collected is more than the capital invested. The

Barrytone:
In summary from my afternoon episode, as a young beginner, don't rush to owning properties but rather build your finance as property are not and might not be an investment. I finished a house 2017 and still mot rented out just because the rent is awkward. 300k per flat, 2 flats. I have spent about 13m putting up that house. 600k annually gives me more than 20 years waiting period to get my money and not interest. Meaning if i had saved that money and me taking 600k annually it will last for 20 years. All this is in an ideal situation which me.and you knows will never occur. So expect to recoup your money in 30 years time. I started tbills in 2017, i was handling a 50m budgeted property. Had spent about 15m already before God opened my eyes to this. Rate was 18% then. The project was 53 rooms self content. At completion, max i will get is 5.3m also assuming ideal condition that rooms will be filled at all times which will not be. 50m tbill gave me 9m then. My neighbors were already hailing me.for the massive building and i knew my problem will soon start. I abandoned that project and comments investment, as i type i dont think am continuing that project in next 20 years. So many other instances. Build your capital and rather buy up houses with the proceeds of your investment if you insist on owning a property.

hmm bros you make sense. But someone explained that renting for the purpose of event center.

vacanci:
Living in a 2 bedroom duplex in Abuja for 5 years now. House was sold to landlord for 23 million Naira.

Rented for 800k annually.

House was put up for sale recently and @ 15 Million naira, buyers were requesting to buy and pay in installments. Landlord refused to sell.

This is practical example that property cannot always appreciate. It's mere speculation and elements of luck and opportunities

It is even worse in the western world, the cost of maintaining house in canada is not beans, u pay property tax, maintenance fees, insurance. the list is endless.

odimbannamdi:
With a 30m investment in a choice area in Surulere, if everyone around is charging 200k on Saturday, and i charge even 100k, i am sure to get bookings almost every single day for a month upfront.

A friend of mine did his wedding in July and i helped him rent a hall at the traffic-infested Ojo road for 180k with so much begging. And bookings were filling very fast.

If that kinda area has such price dynamics, how much more Surulere.

Do the maths

Agreed i am looking in this direction, however this is very cost intensive, also location is a major problem.

Guys I love this conversation. But I think almost the Same rules apply almost everywhere. Now if one buys a house in Lagos ikeja or ikoyi, the value shoots up at a higher rate and rent increases, but If u go and buy a house in illorin ofcourse do not expect quick returns.. same rule applies to abroad for instance in Canada houses in Toronto shoots up astronomically compared to Calgary or manitoba..the secret is in studying the area and the trend. Is important. How much does rent go for. The only sweet thing is of course u have access to loans.

hello my people, i have been following this thread closely, i am based in Canada, i must confess medical care is good however it is very slow, this is because of the long queues. so i am thinking of coming over to do IVF in Nigeria, i would like to do multiple cycles. however i have looked at different hospitals. guys can any one advise between Grabbo and Diff or gynescope specialist hospital. I need advice, please all we intend using this trip to achieve success. Thank you.

my take, why start a line with young players like mount and tammy, when you had kante and giroud as well as pulisc ? honestly experience won this match.

Beautyaddy:
I was trying to make sense out of some of your points until you made this highlighted statement...after which I just knew there was no need to further my civil back and forth discussion with you.

If you have to use Akon in one of your points...Where does Akon reside permanently now?

All those so-called rich artiste in Nigeria like Davido, Wizkid and the likes how do they contribiut the welfare and development of Nigeria? What taxes do they pay(or yes they will and are not required to pay taxes into a system governed by chronic corrupt leaders). Anybody can make money and be rich in a Fanatically Corrupt country like Nigeria...so what is new about that?

and you think in America taxes are not evaded right. Hmmmm your thinking sha � leaves me in deep worries.