₦airaland Forum

jedisco:
I am failing to see where I am emotional... Ive got investments scattered across a wide range of sectors. When shares or land I buy is not doing well or takes a dip, I don't expect those who think I was foolish in buying shares to come and start goading me... And yes, I'd talk about it cos it's been tge most profitable investment for me over the last 2 years and has helped me increase my stake in other assets.

Many here have called bitc0in investors gamblers and see it as a worthless asset. No problems. Folks are generally stuck in their ways. I see no reason why people who have no kobo in bitc0in will consistently goad crypt0 investors whenever there is a pullback. It's becoming stale.. The crypt0 market is an uptrending but volatile one.. that's not a discovery... Everyone in it knows that. Any market has ups and downs...
People here have different assets many of which could be in loss. No one comes and starts goading someone whose land they bought is at a loss...

I largely keep off discussions around crypt0 here... But it seems folks here can't keep off it either

Lovelynife:
bro, contentment and planning is the key.
I am a living testimony here not for boasting but for you to learn. Before introduction of ippis to federal tertiary institution in Nigeria, my salary was 43700 but now my salary is about 38850 due to heavy taxation by ippis. To the glory of God I have 2- Three bedroom flat in ibadan(though the 2nd flat still in lintel level) and my children living fine.
now to my God's given secret
1)planning
2)economize
3)cooperative society
4)contribution.
Those are the secret God gave me to forge ahead and no need for what not useful for me

SmartPolician:
The road from Mbiama to Yenagoa is a federal road...I think that's the road in the video. That road also goes to Port Harcourt, so the lady is right.

ojesymsym:
Na only for civil service everybody for the same scale de always get the same salary. In many private organizations, if you stay too long, those employed after you will negotiate a higher salary than you and you won't know until one person slips up one day and spills the information.

I am sure that many people who are only used to bank and Chinese company type of contract staff do not know that it is possible for contract staff to earn more than some employees.

Lazyyouth4u:
Even salaries. Trust me there are employees that make more than their peers in large organizations. Salaries are confidential. People get very disappointed when they find these things out. That’s why they are rarely discussed in certain organizations where employees are allowed to negotiate their salaries. Most management and executive salaries are highly negotiated.

arduino:
I had to read his post three times to be triple sure that eyes were not sending the wrong prints to my brain.

ade101:
I can see guys are exploring alternatives now that tb rates are not attractive. I can't thank God enough for making me take the courage to diversify into real estate. I keep asking people the average rental returns from building house, trying to compare with my stable and guaranteed investments (I do tb and Stanbic Money Market) but I could not get an actual value. Many variables involved yet I didn't give up, started meeting people, engineers, real estate agents, and eventually, I realized there's nothing to be scared of... I emptied my money market, buy land for ajah, get seriously involved to minimise cost.

Bought land at lakowe, Ajah for 3m half plot
Built 8 units of room and parlour self contain (4 on the ground floor and 4 at the top)

Total spent about 13m

In total spent about 17-19m

Started renting out and within 5 months, all units has been occupied @ 350k annual fee (agreement and commission took the first payment to 450k)

Total return from rental first year: 3.6m (450 X

Expected annual returns onward : 2.8m


In percentage :

First year : 20 percent return on investment

Expected annual return onward: 15.5 percent


There was a time I got this value from tb (2016 - 2018), money market has always been around 13 percent at peak for me.

I'm just glad I now have a stable return of over 15 percent without worrying about rates dropping...


To blow your mind : I have just been introduced to developer style of real estate... I have already signed a property self.. Cost of buying land and building from ground up (foundation construction) is off... Based on the site engineers quotation, with 6m, we should finish the renovation work and paint the building. Family one off payment was 1.5m so in all, about 8m should finish everything. They are leasing the building to me for 12 years and annual returns expected is about 3.2m.. That's over 35 percent return annually.

I don't think I will ever go back from real estate...

That's my personal experience, so if anyone is looking for alternative, do your findings on real estate. And be careful, don't cut cost, always go through a reputable lawyer, they are not that expensive, street is hard even the lawyers fees are now negotiable lol... All the best.

Lazyyouth4u:
The very rich one in that same Australia. The one that your father trained. The one with two big warehouses and landed properties in Lagos.

What about your Aunty in the USA?

If these close family members can’t help you with their statements, why do you think it is strangers on an anonymous forum that will send you their account statements in this day and age?

Mind you, many of us here are audio big men and women o. We are very wealthy on NL but we drink garri with guguru and epa in our ‘face me i face you’ while enjoying melodious sounds from those wicked mosquitoes inside heat for darkness at night. Some of us dey abroad dey collect government benefits but come on NL to pose as rich while some of us dey sell fake products to yahoo boys just to survive.

My sister, many of us audio rich people here are like you trying very hard to check out from this country o but we do it ‘codedly’. This poverty na everywhere e dey

Raph82:
. U never can tell bro, He's from Ado Odo Ota in Ogun state, I've worked in that town before, and one thing I know about them is that they live long in that town. Lots of elderly people in their eighties and nineties still balling hard.

salanda:
Please can anyone look at the market orders of JAPAUL and tell me if they can see the Bid Quantity 6,350,000 @ 1.39 and what position it is?

JaneYave:
This experience is not a funny one. It must have cost some people alot. Flight delays are becoming so common and it's unfair, after all the rush to check in and wait. The last place to wait is at the airport, everywhere is buzzy.

talk2tonie:
So here is the reason for my comment on poor portfolio analysis for a newbie. A detailed portfolio Information like this will aid a newbie’s investment decision.
See attached.

Grupo:
This is a rare exception.

Many others were not as lucky as Ekwueme.

Majority of Igbos who owned properties outside their region lost almost all of their properties after the war both in Lagos and Port Harcourt.

The properties were termed abandoned properties.

This was what necessitated the popular Igbo slogan "akụ ruo uno" After the war. Which basically put it in the consciousness of every Igbo son to think home first.

Won't comment more on this issue, at least on this thread for obvious reasons.

Lazyyouth4u:
Yes, our Nairaland billionaire bought 50 trucks and 4 filling stations a week after sending his SOS to relocate to Ireland. I’m guessing one Oga blessed him with billions of Naira immediately after the SOS .

Let’s give ourselves sense and be careful of audio internet billionaires. I pity those gullible morons that believe he is a successful business man .

More receipts dey. Make I just hear pim...

ojesymsym:
Besides that, I do not think he has ever hidden the fact that he has a brother in Ireland.
Let's just try and focus sha.

GonFreecss1

jedisco:
The rising poverty (which is most times collective) in Nigeria is a cause of concern.

50 million with 'good' purchasing power is an exaggeration. I'd say it's less that 2 million that can boast of that.
A while ago, CBN released data that showed that only about 5% (thereabout) of individual accounts had upto 500k. I'm sure that proportion is much reduced now.

Now what tangible long-term would 500k give in Nigeria or any part of the world. Take that sum to the market and watch it fritter away

Tabuse2024:
Well said. Sadly, they will still argue with you on this. Nigeria is cheap for a person doing relatively well, not for the average Nigerian. The average Nigerian in this case is about 150 million of us who do not have strong purchasing power. The remaining 50million which had, has been depleted already with the massive job loss and business challenges due to covid 19 pandemic.

Comparing the average minimum wage earner in US/UK who has access to many things with his money to a Nigerian minimum wage earner who supposedly has access to "affordable" things based only on conversion rate is quite simplistic.

OgogoroFreak:
I mentain my stand that it is different. As long as coke, Pepsi, milo and peak milk from abroad are all different from my personal experience, I don't think the pure life would be an exception.

Cyberknight:
I sincerely hope this is not the standard of discourse among our policymakers or those who influence them, given the wide dissemination on WhatsApp that piece of rubbish appears to have had.

DexterousOne:
What kind of write up is this ?


It must be an economic illiterate that wrote this crap :,X

ukay2:
Can MTNN visit km 90....I have been waiting for too long. My leg de pain me