₦airaland Forum

Emmaesty:
Hi

This is a faceless forum, but your name and the way you write looks beautiful.

I don’t have a benz, but I have small assets sha.

Theconglomerate:
Depreciation,expenses,force majeure,government bankruptcy can wipe out that funds na.
Imagine 2mill growing to 5 mill after 10 years upon compounding
Don't this clearly tell anyone that these instruments weren't made to favour newbies or people with ground nut capital?

Tell me this...

Is Warren Buffet a Genius or someone who just consistently kept investing?

They said he started investing at the age of 13, now he is 89. Hmmn... 76 years difference.

If you compound 1 million naira at the rate of 10% per annum, in 76 years that money will be almost 1.4 billion naira. Take from that what you will.

The idea that everyone should try to make money fast doing? Is I don’t know. All economies have a fixed amount of money. Meaning for you to make a lot of money some other people have to not make money like you do. Not everyone’s business will succeed because of that. We can’t make more than the economy has. There can’t be 100 Dangote’s at the same time, e no fit work!

So let people invest in what they know and start from where they understand, with time they will grow! I can bet many here have jobs and are also investing in their Skills and careers! The 10K they invest monthly will be 100K monthly one day and then 1 million one day.

Seems what Barrytone and the other guys keep explaining here is not getting through to people’s head.

Emmaesty:
You can make a lot of more in fixed income by compounding but it usually takes time i.e 10-15yrs. Most people use it as their retirement fund.

Goodluck in trying to catch rich women o
One day your hustle go blow

Are you a rich woman? Your writing looks beautiful.

Theconglomerate:
Lol shebi when I said it you all said I'm crazy
It is only old,tired men that invest in all these instruments with mad volume of cash generated while they were our age from the real economy.
When I see all these 2million people here talking investments in fixed income I know that they are really slow in the head
It's better to use that your money and buy a big mercedes so you can look for a rich girl to deceive in your youth than to invest 2m for 200k PA...
Atleast the girl go pay you in the long run
I want see sujimoto or paddy adenuga start talking about buying bonds abi sukuk
Na to rush am go yabaleft ooo

This is quite a wrong analogy sir.

Theconglomerate:
I hope you are not investing in fixed income sha,else you won't have anything left to invest when you get to their age..

What do you mean by this sir?

Emmaesty:
Yes we are here

Hellooooo.....

Grupo:
With the way you call years, sir, it seems many of the men here are already 40+ or 50+. Or could it be that you people started quite early?

Are there really many under 30 like me on this thread?

Under 30 here.

[quote author=Ikjosh04 post=89940477]Both options look good, the question is what does the person actually want to do? What is his or her endgame?

Let the person follow the path that will favor his or her endgame more.

chigo4u:
Looks like no one is interested in doing business anymore in Nigeria lol

Not necessarily. There will always be business.

The Tbills act of buying itself is a business for some people. That is why you are charged fees and all that. Money must be made, since you can’t do everything yourself, someone else will do it for you and charge you.

olujaidi:
I see what you mean. It's a feasible strategy using the secondary market. But the yield on the reinvested rental could be higher or lower depending on the value in the secondary market. This in turn will either enhance or dilute your overall yield

Not necessarily. Do not underestimate compounding.

This is something sir Barrytone and co have been telling you all from day 1. Sometimes you don’t need to overthink things.

Salliet:
Thanks I know the rates are annualized. However, I need someone who has run the investment for sometime successfully or not to give an honest review or feedback on lessons learned.

Beware of investments not regulated by the SEC. No difference between this and the agro-tech investments popping up now.

Grupo:
My dirty mind read the bolded differently.

A beautiful mind still!

rebekah2011:
The workers union is totally irresponsible to expect that their members would be paid as if all is normal. I do not like why it is difficult for companies to inform the market on the steps they have taken to remain afloat during this pandemic. It cannot be business as usual.

Really wish it could be easy as ABC to short-sell some of these companies. This is also when I wish we have corporate raiders to teach some of these companies a lesson and simultaneously creating value for shareholders.

Manwarrior55:
If I may ask you sir what have you ever done for Nigeria?

You don’t have to answer the question if you’ve ever cut corners or given bribe to get things done in your favour

I was about to bite and start talking about my project, but there is no need because you seem hostile due to the tone of your words. I am not a cut corners or bribe person, but I believe those who do so can change, so your statement is null and void.

I didn’t come here to talk about me being righteous or better than other people, I came here to talk about how we already know how bad things are and how the continuous complaints about the same thing make no sense when you can always just play your part. If all you heard from what I said is the itch to attack, then I won’t encourage that. Enjoy your day.

Nigeria has problems, I agree 100%. We all know this, there is no need to keep pounding that nail in.

My question though is what do the average Nigerians do for Nigeria? I am not talking of the poor now, I am talking about “we” the educated ones? All most Nigerians do is complain and complain, yet what do we do on our own part to reduce those complaints.

If you think Nigerian problems are a government problem, think again. After all, the government are not aliens, they are still Nigerians. Look at how Nigerians with small power act, that should tell you all you need to know. We are where we are today because majority of us who can actually do something choose to ignore the problems and focus on ourselves then complain that the country is bad. Developed countries didn’t start good, they made sacrifices, how many sacrifices have the educated Nigerians made?

Our case is like the case of the story “who will bell the cat?”, the disturbing thing about that story is how the rats are all waiting for a messiah rat to actually bell the cat, meanwhile the logical thing to do should be all of them belling the cat at the same time. Via diversions and other techniques. Some might die, but it will be worth it.

Help Nigeria in your own small way and stop waiting for messiah governments, we have heard, the country is bad, thank you. Either do something or stop adding to the complaints to what we already know. Helping the country can be as little as obeying traffic laws and not resorting to bribery at the expense of others. Not throwing trash anyhow on the floor. Volunteering for community projects, it doesn’t even have to be money. Giving sound educational and factual advice can go a long way.

OgogoroFreak:
No. I just like ofada rice.

Ofada rice is still white rice. According to my doctor, brown rice is better.

Alright.

OgogoroFreak:
The only local rice I buy is ofada rice.

I'm just saying what 90% of Nigerians complained about on social media.

Sorry for asking, you buy only Ofada due to health reasons or...?

RabbiDoracle:
They say so because they believe it is the strongest signal for a BUY when it closes above the kumo.

But this is elementary brother! We have long passed that stage in a quest to research stock movements. Now we try to find the bottom and the signals for it. Because between bottom and when the support forms above the kumo, prices must have risen around 30% minimum.

I don't think mid March 2020 was a false bottom.

Don't worry, we are waiting to see if Zenith falls to 9 like you have said and Bitcoin to 7,680.

You trade Bitcoin too?

pluto09:
Speculators who do follow, follow will always get burnt.
The best time to buy is before official devaluation. Anyone who is buying dollars now at N450 is taking uncalculated risk.

With about 15% in devaluation at the official rate, the chance of further adjustment is remote.
What will likely play out is a wide fluctuation in spread between the official and the parallel market rate until CBN is able to accumulate more dollars to meet our fx needs.

There are reports that fpi who want to repatriate the proceeds of their investment are trapped with CBN telling them to wait. That is not good enough for the country.

I couldn’t have said it better myself.

Theconglomerate:
If he is so confident that the naira will hit another low,let him buy now at 455 and keep to sell next year when it will reach 1000 na according to them
It's like some of them want to lose their life savings with this nonsense economics.
If you can cash out of this depreciation,please go ahead but don't be too confident as it won't last.
Cash out now and make a good exit plan from the fx market when it's about to collapse again cos it will happen.

Nobody even told anyone to buy a lump sum of dollars, but I won’t also ignore the fact that people should be ready to do things that will beat whatever drop USD has in store for them. How they choose to do all this though is up to them. What I am attacking is the idea that nothing can happen or that people having USD is BS.

chigo4u:
It’s crazy. Nigeria has lost over $30b defending The Naira since 2017 and someone thinks naira will fall to 300-330 by next year, because of some Dangote refinery that no one even knows when operations will begin.

That number is unfortunately more. The actual number is scary.

NL1960:
Did anybody in the world predict Covid-19 then?.

No one did. It was easy to see though that if our main source of income was crude oil, then when anything happened to crude oil, something was bound to happen to the naira too. This thing is a probability, not a certainty.

I have a feeling when this is all over, in another few years to come another crude oil problem will come, and with it more naira problems.

chigo4u:
What is the capacity of Dangote refinery? Do you think a single refinery can serve the entire Nigeria? Lol.. Naira is not going below 360 till 2023.. you can take that to the bank

You were kind enough not to even say 400 naira to a USD. Lol!

pluto09:
The way he put it might not be the best but many people share in his pessimism.
We are not doing anything as a country to make things better but that does not mean an individual cannot improve his life in this country

As long as we run a mono product economy, things will most likely remain the same and our currency will continue to depreciate.

In 2014, our foreign debt was below 10 billion dollar and fast forward to 2020 the foreign debt is about 27 billon dollar despite the fact that we have not been able to improve our revenue in any significant way.

For the past four year we have been using more than 50% of our revenue to service our debt. With current price of oil and the ravaging pandemic,we might be spending close to 90% of our revenue to service our debt this year. Who does that as an individual or organization and survive?

The bottom line is that the country is not moving forward but individual should take responsibility and make decision that will better his/her life.
Diversifying our assets base to include dollar denominated ones will not be a bad idea.
If anyone thinks naira will appreciate from the present official rate of N360, the person might be living in hopeville.

Thanks for this post. It was last year and last 2 years we had this argument with some people here. There were some “experts” with all sorts of theories here. Where are they now? 460 naira to a dollar later, they are nowhere to be found.

I kept saying insanity is doing the same thing over and over again and expecting different results.

emmanuelewumi:
If you have assets and Investments that beats inflation and currency devaluation, why then say the country is hopeless and thingy will continue to get worse.



A typical market place is rowdy and noisy, as a businessman or trader we should be less concerned about this, but concerned about the money we will make from the market

You are making assumptions on his behalf yet again. What people decide to say has nothing to do with what they do. Just because people say the country is bad doesn’t mean they are not making money to beat the market or whatever loss of value the country throws at them. You are too emotionally invested in your opinion, which is clouding your statements.

froszzie:
all those "subscribe to my channel" kinda thing? not bad though
thanks alot

still open for suggestiob

Yeah! If your channel has good enough value, in time you can be making serious bank.

Theconglomerate:
If he is so sure,why don't he divert all of that capital in fixed income to those businesses that beats depreciation then?
Because that is what any financial savvy human will do when he is sure that local currency is going to the dogs.
Why make more naira investments especially in fixed income when he believes the economy and currency is definitely going south?
It just don't add up.

And you know what and what he is doing? You seem emotional about this argument to the extent of making assumptions for what people do or don’t do.

Theconglomerate:
More inflation makes his Tbills benefits useless na,so why still make naira investments when he knows things can only get "worse" in this context?

He might have a business or investments that make more and beat the naira depreciation. Why are we assuming he does only Tbills?

Theconglomerate:
Of course.
I already have blueprints to put what,where,when and how.
Trust me,nothing ever comes as a surprise to me

All the best!


Your optimism is an inspiration, and deep down I want to see some of the things you say come true, but Nigeria has disappointed me many times, I don’t pick sides again. I just do things that will favor me in any extreme good or bad.

emmanuelewumi:
His conclusion is that things will get worse in Nigeria.


So what is the way out, if you have given up on a place?

The best thing is to do the needful. Which he suggested by making adequate plans

Things getting worse could be more inflation or a worse exchange rate. Not necessarily armageddon-like situations where he just has to up and leave.

Theconglomerate:
Reports show that Nigeria use to spend up to 300-400m dollars anually on rice imports when it was still legal.
Same reports say Nigeria spends between 7-10 billion dollars(subsidy inclusive) anually on petroleum imports.
So are you saying the effect of taking off a $400m forex demand and that taking off a $10B fx demand from the Nigeria economy will have the same stress pattern(effect) on local currency?
Don't you see that Dangote refinery will crush approximately a $10B fx demand anually the moment it goes operational?
Take away that demand and dollar will drop immediately.
I personally is looking at an exchange rate of N300-330/$1 come next year.

I do hope you are already putting your money where your mouth is.

It will definitely be an interesting year.