₦airaland Forum

unite4real:
It's in dollars unless the Eurobond fund

Thank you. Do you mean those funds managed by asset management firms? Can you list anyone that allows this? (Buying the funds with naira).

emmanuelewumi:
Not so.

You pay N2500 per annum if you subscribe to CSCS online

Is it cheaper to buy shares and bonds through them?

unite4real:
Diversify.

1. U already have bond. Good
2. Premium stocks. Dangote, Zenith, MTN, GTB
3. Money Market Fund.
4. Eurobond Fund
5. Look out for Distress sales in real estate

Nakedman please don't leave your money naked in savings account

Forgot to ask you man, is it possible to use Naira to buy Eurobonds via stockbrokers? or any stockbroker you know? Thank you for your response in advance...

RabbiDoracle:
So Fitch is wrong?

I mean weren’t these guys part of the causes of the 2008 crash? Didn’t high quality rating houses rate shit junked together as AAA?

They are only human sir. Even KPMG last year made an audit mistake in the middle east, Delliote re-audited and saw the financial problems.

I read down the picture you posted, didn’t see any talk about Argentina specifically. I have searched Google tire, nothing on defaulting on Argentina peso 2001. You could be right though, but all I always hear about Argentina’s default is a growing dollar debt they can’t seem to shake off. Nothing about their peso default.

RabbiDoracle:
2001.

Wrong sir. 2001 was still FX. What happened was they did something called pesofication and created a kinda fixed market rate between dollar and peso.

When they defaulted it backfired and the government freezed people’s accounts, to stop them from withdrawing peso.

You can Google what currency they defaulted in 2001, it was definitely not Peso.

RabbiDoracle:
Research and you will see it. Google is your friend.

Nope! All foreign denominated sir.

9 defaults bah?

Maybe if you point out the year or years they actually defaulted on their own Argentine Peso.

RabbiDoracle:
Yup.

Before now.

Oel money! �

Show us the way o.

Coolcash1:
Emmanuel, i will have to disagree with you for the first time to avoid newbies being misled.

Government can surely default. Please read about Argentina's case.

I would like to point out they defaulted in a US dollar denominated bond, not an Argentinian Peso denominated bond.

LegitBitcoinBuy:
Thank you sir


Sir I have never invested in a mutual funds, my concern is how liquid is this, I don’t want to spend 1 week on withdrawal of funds

I am not the expert to talk on this. I think Emmasoft will do a better job than I, I hope he responds to you soon.

Though like the gentleman above has spoken, most mutual fund assets redemptions that I know are quite fast.

LegitBitcoinBuy:
Thank you ma’am

Ma I thought about it too my only concern was that the regular interest rate for a savings account is 4.05% (and it is compounding) while the MMF is usually fluctuating and it’s currently around 5-6% across all the asset management companies, I thought that after transaction costs it won’t be much difference between MMF and bank savings it’s why i didn’t consider it in the first place.

What do you think ? Is there any other option you can advise me on?



Thank you sir

Sir I also refer the question about to you

Why don’t you do the investment one VGIF fund for now? Since it’s giving over 8% or so? And won’t tie your funds down like bonds till when you need the money in 2 years time?

Sholapey:
Finally, welcome to investments one sir.

Abeg o! What is investments one? �

emmaodet:
yes, that is why i said under normal condition - That is, if you give a business savy/inclined person the money, he will use it well.

Check this -

*SHINA PETERS VS JIM OVIA*

In 1990, Shina Peters built a house with N20 million naira; the same year Jim Ovia started Zenith Bank with the same amount.

Today, you and I don't have a room in Shina's house but I have an account in Jim's bank and probably you do too.

Shina's house was built in Iju Lagos and remains there till date.
Jim's bank started in a corner and now has over 500 branches in Nigeria, and many international branches.

Millions upon millions transact business in Jim's bank daily.
Shina's house is becoming dilapidated...in 2015, he SPENT more money to renovate the house and bought a Nissan Pathfinder with N10 million...additional liability, while in the same 2015, Jim's bank MADE a profit of N105.7 billion.

Zenith bank employs hundreds of thousands, and feeds their families

https://www.facebook.com/172843013174155/posts/shina-peters-vs-jim-oviain-1990-shina-peters-built-a-house-with-n20-million-nair/461049824353471/

Another thing boss, you talk as if all business saavy smart people make it. Nope! A very few of them do. There are many smart business saavy people out there, and you know why many do not make it?

Because of timing and luck! Forget timing, luck plays a very huge role!

The same problem I see in many financial analysts is what I can see with your point being, a lot of them attribute their making money to their intelligence and skillset, but allude their losses to bad luck!


That is cognitive dissonance at it’s best!

emmanuelewumi:
If given N400 million today the average Nigerian will turn it to N2 billion in 10 years, that is a fallacious statement. It is not possible. Nigerians who can do that are less than 2% of the population

85% will turn the money to less than N100 million or go broke in 10 years, 10% will turn the money to N200 million, 3% are just there they are so conservative and turn the money to just N500 million , 2% of the people will turn the money to N1 billion and above.

I wish to one day meet you and have a sit-down With drinks, this wisdom you always emanate in your posts is not something one gets in a day.

emmaodet:
Nigeria started using naira in 1973 and #2 = 1 pounds then.
As at 1944, 76 years ago, $1 = 0.25 pounds
76 years ago you compared Warren Buffet investing #1m equivalent to make #1.4B by 2020 will make him a stupid investor if he does because atleast, #1m in 1944 is not less than 400m in 2020 equivalent and after 73 years of investing and one can only come out to show #1b profit to me is ridiculous for that amount of money.
If given 400m now, an average nigerian should be able to turn the money into noting less than #2B in 10 years not to talk of 73 years under normal condition.
As at 1944, the richest nigerians were millionaires and brand new mercedes was around #300 then. A man with #1m then will be in the class of adenugas and co now bro.
cc
theconglomerate

One of the things I always pray for is good communication skills so people understand what I say and good comprehension skills so I understand what people are trying to say.

Comprehension wise, I understand what you are trying to say.

But I apologise in advance because it seems you didn’t understand my point. My reply was in relation to the Person you Cc’d who made some remarks against people who invest in Low risk instruments. It had nothing to do with Business acumen to multiply money in a short period of time. All I was pointing out was what 10% compounded annually with 1 million naira will make you. This is not a business, nor does it involve you running around. No. Just you leaving 1 million lying around will net you that.

Now unto the business, why are you talking as if all business endeavour are successful? Hence again, why that point still doesn’t apply here.

Finally, the 76 years on Warren Buffet, again! You failed to get my point. I didn’t imply Warren Buffet should/would/must have invested 1 million naira and made 1.4 billion naira. Nope! I said Warren Buffet has been investing since the age of 13 and subtracted that from his current age to get 76 years. Then I went on to show that if a Nigerian had a million naira to invest in at a 10% annual rate for the same span of investing years of 76, that is how much he or she will make. This was to buttress the point that Warren Buffet didn’t become rich by being a genius and making 200-1000% gains at a go, he made it by continuously investing apparently from a very long time.

Emmaesty:
Assets Oya send me a PM

After running for 100KM non-stop and several bond rates research later, I have sent the PM, awaiting your reply.

Emmaesty:
Assets Oya send me a PM

I am on my way...

Focusingmore:
Oga i don't have time to argue oh.

It's well , lets continue with why we are all here , which is to invest.

You claim what you are saying is a fact, then show us the data. Nobody argues against actual data with reputable sources.

Wickedfact:
Those who have never made a single sensible contribution on this thread are jumping about, insulting those who contribute regularly here. Pls and please, let's all respect ourselves here. The fact that people decide to be civil here doesn't mean they can't also be sarcastic in their comments. Why would anyone accuse women of being less obdurate and throw a blanket comment at Nigerian women in Ireland? It's a very stupid thing to say. If the women in your own circle are baby factories, that's your problem. Not everyone shares your misfortune.

I want to say something here. Some of those who make outlandish claims and give controversial advice here are criminals in real life. Let's all be careful of those who we listen to. It is better to make clean money, invest, compound and spend in peace than to be a serial criminal, looking over your shoulder every time.

Well said!

Ibechris2:
Madam just take it easy...I don't think he abused u in any of his comments above. He was just being logical and u have all the time to make ur point and leave the emotional or bittered narratives.
I have read ur comments especially on this thread,and I must commend u for ur beautiful contributions but not on this one. Pls,forgive and forget and let us maintain the tranquility we've always enjoyed. Thanks.


Note: we are one big family!

I disagree. Except we don’t know what insults are again.

Focusingmore:
Will you stop quoting me.

Did you not see where i said I'm done.

You're far too emotional and literally throwing insults about.

You can't argue with sound logic mixed with experience.

You started the insults sir! You were also acting like a bigot. You claim women are emotional, your display here was emotional. Show us the data, not insults or sexists comments.

tracyorez:
Hi,i like going through this thread without commenting because i have really gained alot.
The percentage of persons likely to succed with this your approach is very slim compared to what we have learnt here and if atall the few do succeed,they dont usually sustain it like the real investors.i will give you an example,my hubby bought a clean 2012 camry last year from a desperate guy for 1.5m who climbed to the top through the route you mentioned because he needed to feed and as i am writing this now, everything in his flamboyant appartment has been sold and his current whereabout unknown.
Note*I am less than 30.
With the advice i got from here i started tbills in 2017 with about 2.1m and i was able to compound it to 5.3m as at dec last year.
As i am writing now i have additional 920k cash not the ones i have used to buy gold and some few new wardrope waiting to add to it once it expires and also re-invest.
So imagine if i stumbled on this thread like 10 years ago.
Please be wise.

This is what I was talking about earlier. Do what works for you. Kudos to you.

Phyde:
Too bad, same challenge I'm facing in my office. My departmental head that even earn more than me is still not satisfy cause he felt the MD seems to like and trust me more than him. The envy and hatred is just too much but who cares, when you have good conscience.

Just keep doing you man. No time for people who want to give themselves HBP on top your matter.

nkwachiabel:
The sad part about all this Ireland talk is that we haven't gotten any verified information from all parties yet.
Say things with fact and with your chest.
It's not by saying someone is emotionally unstable when you have nothing to say or prove.

Exactly this!

No data. Just from perspective, and the guy was already making assumptions and throwing insults, even adding chauvinistic remarks to the mix. Nawa!

Focusingmore:
This is how to process things logically.

We know that men are statistically taller than women by averages but not all men are taller than some women.

So to understand something from an intellectual perspective you need to look at the totality of things.

Hence my conclusions about immigrants in Ireland especially the black ones.

Okay then, can you send us statistical data to back your claims against Nigerian women in Ireland and all the other things you have said here?

Focusingmore:
What situation did i find myself in?

Lol you have no idea who i am.

Keep doing that minimum pay job and mixing it with child benefits.

I know your type.

This statement is very wrong on all accounts. Nope! She did nothing wrong by giving her opinion, oga, this statement is just wrong.

handsomebolanle:
Is this figure not too exaggerated ..How did you go about this calculation

*Modified* Apologies...Figure Correct...

You can use the compound interest formula or google the Compound interest calculators and do it yourself.

olujaidi:
You're missing the point. I'm not sure how I underestimated compounding

No vex boss. I just calm down re-read your statement. I apologise for my hasty reply.

Sholapey:
Ireland is a home to all ethnic compared to Africa where their racism among themselves are from the pit of hell...once you're law abiding citizen you're good to go. I because an Irish citizen within 5years of my arrival.

Wow! That is cool.

I agree. African prejudice against themselves is something else. Black man hating on black man.

Grupo:
Two of una don start, abi.

I call on the mods to ban two of them, please.

Why you wan drop sand for my garri?

I thought you were my guy.

Theconglomerate:
Very true.
But then I was just letting them know that their 2m investment in fixed income won't make them rich..
So far as they know this and they know what their return will be without being deluded with statements like their 1million naira will turn to 1.4B naira in 76years,then I've got no issues with it.
After all,some people were created to lag behind which is why capitalism is the successful model it is today

Everyone knows this. Some people are good at working and building their careers.

One day they will get to a stage they can invest a million every month.

Some people na business, they can keep reinvesting in their business.

The lesson here is learning what works for you. Not what others say works for them.

EkperemoEgbabi:
What ifs d person died before 76 years. Who go come collect d money?

You are not getting me sir. 76 years was the Warren Buffet time difference.


In your case 20 years with enough compounding from your salary and not just a single 1 million naira will make a difference.

I didn’t say continuous adding of money o. I said 1 million compounded annually at 10% for 76 years. There is a lot to learn from that. Not death, lol!

Sholapey:
If you've never been to Ireland yourself then never judge from afar and never judge a book by it cover. Ireland is a hidden treasure country that people like you look down on not knowing it's a God's own country, where your dreams, purpose, and many more good things comes true. Ireland gave people like me what my country nigeria with all resources has denied me. You sound like what you called them!!

My madame I have always had aspirations to one day be in ireland. I hope we relate well, as time goes by.