₦airaland Forum

chiiraq802:
I support the protesters with 63 kilograms of Canadian Loud. chase those terrorists bk to there mother land.

In there respective countries they are been treated like animals they're, but when they're lucky to be in countries that somehow respect human rights. they try to cause problems and bring there nonsense religious extremism to that country.

Shut up and speak of what you know. Many of them are fleeing war and should be protected

luckygirl02:
1. Ircc officials are probably aware of bank policies in the UK. Your statement of account plus the letter you got are sufficient to show proof of funds. For mine, I submitted only online bank statements and I wrote a letter of explanation that I was unable to get the other required documents from the bank. Had no issue getting my PR approved.

For 1, I just submitted my bank statement (UK bank) with no letter of explanation and had no issues with it.

missjekyll:
The only issue that's up for discussion is your justification for labelling me "far left" ?

Quite generous coming from someone who was giving us a lecture on tax and insinuating those who who do not support her stance on VAT on private schools or taxing landlords till they shiver e.t.c wanted UK to become like Nigeria. Shouldn't surprise you that many people against some of those narratives have paid their fair share and more.

All said, seems you have bigger issues with folks here. I many times respond based on content not moniker. Chill my sister. It's just another online forum.

bharkarh:
please recommend some for me

A good thing about the UK is the generous savings allowance each person has i.e the amount of money you can save or invest yearly without ever paying tax on the gains. It's currently 20k (25k from next year). This is about the most tax efficient means of saving and since most wouldn't maximise it, no need to look further.

1. LISA. The govt gives you 1k. Total you can put in in 4k per year. You also have the option of cash LISA or stock and shares LISA
2. Cash ISA- fixed or flexible if looking to buy soon. The returns had been low until just recently. Now interest rates are falling, the interest on them would also fall. If you are not looking to buy immediately and have spare cash around, then this might be a good time to lock in better rates for 6m - 2 yrs https://www.moneysavingexpert.com/savings/best-cash-isa/

3. Stock and share ISA- Personally, I'd say if your timeframe is above 3yrs, this might be a better option. It comes with the risk that unlike a cash option, you might lose money but overtime, the market tends to trend up and should well outperform interest on cash. Your time treshold (e.g 3 or 5 years) would all depend on your risk appetite. Most global indexes have historically yielded 5-8% above inflation on average which cash would not come close to. To give an example, a while ago, I was looking to buy within a 2 year window used the cash isa offerings (in addition to LISA) and got upto 3k at least aside LISA bonus over the period I was in. Now, I'm looking at a rental and chucked the sum saved in a global fund as I'm not bothered about how soon or not I do it. I've attached the portfolio screenshot (shaded area= net contributions). It's up 13% within a year. Cash over this time would have been 3% max. Infact if you asked me 2 weeks ago, the returns were over 20%. It's that volatility you don't have with cash.

N.B. putting 4k in a LISA leaves you with 16k balance for the rest. You could split between all three if undecided.
P.S. I see you are also on the UK to Canada bus-stop. Also worth considering but don't let it deter you too much

Ticha:
We went to NZ on a whim so there were no objectives to achieve per se. A transfer opportunity came up and we jumped at it. It also gave us an opportunity to live in Australia as well. I think if we had to fund our whole move them, we wouldn't have done it. Covid lock downs meant we were there long enough to qualify for citizenship so got it as well as set ourselves up financially well for the rest of our lives hopefully. We also thoroughly visited and explored many countries in the Pacific - as you know waka aboutery is my favourite past time!

In terms of financial growth, we exceeded our expectations and plans hence being able to choose our next location based on largely emotions and family ties. It comes to a time in life where earning more takes a back seat and I think we're there now.


.

Good stuff, you seem to be enjoying good life experiences while raising kids which is something very few can do. The bolded made me smile... far exceeded? That's important- absolutely agree with you only that getting to that destination many times requires earning more which then becomes the ultimate reason why many move. The goal is working cos one wants to and not cos one has to.

I'm surprised you did not consider the U.S. epecially for the leverage it'd give your kids if needed. In tech, most of the money created over the last 2 decades have been in the U.S. even well established English companies are looking to port. Is it the political/cultural environment that put you off?

I'm headed towards Can but given how long I've spent here would structure my move in such a way that I can return with little hassle within 3-6yrs. Not that I'm planning to but just in case. I've noticed I generally tend to have big life moves after every half a decade- not as frequently as you. Know a few colleagues and an increasing number who were my 'guinea pigs' on this move. So far, na testimony dem dey give. Mk I go before the money finish.

missjekyll:
...
3. This may sound strange to you but not every rich person complains about taxes. Tony Benn didn't, warren buffet,keir starmer doesn't, J.O.B doesn't. I m nowhere as rich but I don't ,as well. I only want everyone to be taxed,there should be no sacred cows. You live here,you pay your taxes.

You are conflating many issues.
I have always been a higher rate payer and crossed temporarily into the additional rate a while back. I have no issues with paying my fair share. I argued here in favour of vat on private schools despite it potentially affecting me.

My issue here is why a few years ago, you were fervently praying for more Nigerians to become impoverished so you and you mum can buy up their properties on the cheap but now in the UK, you moan when your landlord who is providing you a perfectly legitimate service asks for his cut of your pay. You did not bother about the many homeless almajiris that'd roam our streets when you were asking for a recession. Your prayers have sure been answered.

Just like with religion, being wealthy does not make you left or right. What I respect is consistency or a valid reason for change. To put is clearly, what would be your stance on the Nigerian government introducing a worldwide annual tax for all Nigerians to support the many poor back home? What would be your stance if the Nigerian government decides to 'tax to the teeth' the extra properties your family scooped up back home. Would you be happy to handover 40% of your mums property to the Nigerian government if she passes them on?

That's what makes you left not your stance on your landlord.

Pee4Paul:
I currently live in Nigeria, but that will soon change . I also studied physics as a first degree.

Pee4Paul:
Jedisco, please help me enquire from those you know of that are looking at the teaching pathway.
Thank you

Kudos.. You should be here soon. You're much needed hence why the government is offering 10k for physics teachers.

Good job but not without its challenges especially in 'secondary schools'. After certification, you'd be at the forefront of parent and student entitlement. Was recently informed of a school where all the English teachers resigned and it seems the mathematics teachers are planning same. Students don show dem shege. Being black and immigrant also means there are some other issues to contend with. Not trying to scare you but telling you so you'd brace yourself. You go dey all right las las. My advise is to seek out the best for you. Explore widely and don't be afraid to port if you need to. I started prepping and looking for my second role while still inducting for my first role and ported after 5 months.

Asked a teacher on a similar path who mentioned this: diaspora.doodler@ gmail.com The lady has a YouTube page (worth checking out) to support those coming over and offers non-paid advise on a WhatsApp group

Aside the subject knowledge part of the interview, also look at the non subject part too. That one dey.

ojesymsym:
Oh okay. But I do not think it is a constant, moreover I believe it is a subjective index.

Yes it's composite and price not constant and similar to other benchmarks like the S&P 500, FTSE 100, NASDAQ 100 which passively track a number of stocks that meet a criteria. It's rebalanced at set intervals to arrive at eligible companies and what allocation each company should have which should mirror their relative market cap. In that way, the criteria are preset and easy to follow.

By subjective you mean?

Ticha:
Yeah we've moved back to the UK for now.

....

Yeah expat mortgages usually are at a higher interest rate. There are only a handful of lenders that will lend to expats and all are through brokers. Even Natwest International HSBC. You will incur higher rates, broker fees and it seems also the lenders legal fees. It gets very expensive very quickly.

It would be wise to sort everything before you go.

Interesting.. Quite a vague area. Na 10yr mortgage I go target if possible.

Care sharing more info about the bolded? Did you achieve your objectives?

jedisco:
Following it and betc dominance chart closely along with a few others. Been hardly as active in the market this time.

Hash ribbons have been a good predictor historically. I've got stung in the past buying after 'capitulation' but before a buy signal printed. Also sometimes when I waited for a buy despite good opportunity being evident, the market had already gone up quite a bit before it printed. Bitc0in has now spent 14 weeks between 60 and 70k, I'd expect things to move quickly to either side once it exits this range. It's cos its still in range I'm yet to buy. I'm still waiting for the buy signal but with some bids on the weekly support. If it starts breaking out of this range, I'd look to buy even if a buy signal has not printed.

For dominance chart, it's the reason I'm still not heavily in alts. Once it pushes up into the 60's, I'd start rotating my Bitc0in into alts- hopefully, eth would still be lagging by then.

The weekly chart- asides a minor fakeout in August last yr, Bitc0in has held this support since January 2023 (which marked the end of the last dip and start of this run). Bidding close to this support (now at 62k) has worked so far. Not about changing it except the market says otherwise and it starts closing below support.

Overall, this is my strategy. I'd be closing off further buys if things break out.

Quick update... some background changes

1. Weekly chart- fakeout before coming back above. Watching... 👀

2. Hash Ribbons- 'Buy signal printed

3. Bitc0in dominance- finally breaking out. Not good news for alts

4. It's 22 weeks and aside a small fakeout, we're still in the 60-70k range. Distribution or reaccumulation? Time would tell

Still mainly in Bitc0in, with some allocation to eth and a few alts. One alt that interests me is Maker. It has an interesting relationship with Bitc0in.

Nothing is set in stone but the market looks primed. Other assets such as gold are looking strong. Worth going offline for a while.

seanwilliam:
Where are all these great men

Ibime
Jedisco
Openheaven19
Afe11

Abeg we need una contributions too o..


Cos like this I no understand again o.



I no no who dey press my neck pass between tinubu and crypto,,

Relax, zoom out and take things easy. The longer you focus on the screen, the more likely you are to make mistakes

Was looking to update but still looking at 3 things - same three I highlighted on my last post
Hash ribbons
21week ema
Btc dominance

salbis:
Nigeria would have been better off under the Colonial masters.

Freedom is not given. You have to learn to grow your economy. If you are tired of being free, you could apply to be my slave.

I hope one day, you have enough exposure to see how disgraceful your statement is.

Fraih:
Hello fam. Pls what do you think of opting out of pension plans in the workplace here?

Others have given good considerations. In addition to tax and employers contribution lost on pulling out, also factor in NI you'd pay on the money. It also depends on how robust your pension is. If it's a civil service or NHS pension, they're pretty good. If it's the minimal 5 % from you and 3% from provider, then it's OK but not as good. Manytimes it's not a good idea but everyone's situation is different.

Irrespective, if your employer uses a private provider, its worth checking the fund they invest your pension in. Many providers would invest your contributions in very low growth offerings e.g bonds for the first 5 years cos they're worried people might be scared of the volatility of higher growth options and pull out. The downside is those good returns are most beneficial when people are younger as they have time to compound. I have an adhoc job and enrolled under NEST for it. I looked this year and saw my pension lost money net fees over the last year which was annoying as that was a very bullish year for the market. Had to change what I'm invested in with the aim to leave once I conclude the role.

Pee4Paul:
Good afternoon fellow Nigerians.
Please I need your assistance.
Very soon, I will be having an interview as part of the application for a PGCE Physics course in England.
For the interview, I would like to know what to expect for the subject knowledge section. For example, physics topics to expect, tips to help e.t.c
Thank you.

Not my field but I know a few looking at the teaching pathway. Someone more knowledgeable should answer
Lemme ask, are you in Nigeria or the UK, also did you study physics as a first degree?

ReesheesuKnack:
..

If it’s MissJekyll, you go explain tire, even with evidence. If the evidence is not from Guardian, she is not interested.

It's important to have and appreciate varied non-threatening views as it's the bedrock of an open society.

Without no intent to throw personal jibes, my concern with people like her who were on the right in Nigeria/else where and now become far left in the UK. Is it the result of new learning and change in conviction or was their stance due to where they stood on the economic spectrum in respective nations?

We see it daily. Most are happy with higher taxes for the better good as far as it's someone else doing the paying.
My question becomes if as an immigrant, she is able to work and buy a 500k house, has one or 2 on rent, was looking to private school her kids plus some nice holidays and hopefully pass on her houses + some money to them as an inheritance, would she still be on the far left advocating much higher taxes for high earners i.e 'tax them till they shiver'?

awesomeJ:
Let's float a startup to address this. Most fintechs seem only focused on payments.

Hehe. Most would even charge to deposit into an investment account plus other additional fees.

Building the app is one, getting the regulatory approval is another then the right framework such that if the company goes bust peoples investments are safe. That way people can see stocks as a viable means to safe for retirement. An important part is marketing it and pricing it such that over time, the returns sell themselves.

Many people I know who rushed into stocks years back can't locate their share certificates talk more of knowing the price. How many can properly scrutinise end of year statements? At least with a passive fund, you buy one thing and let the broker balance it knowing that over time, if the market does well, you have good returns

Hogwarthtrades:
I agree with you about the fee, it would gradually come down as participant in the market demand quality but affordable fee by patronising fund managers that yield to the yearning of such clients.

Truth be told, it's not as much work or as complicated as fund managers want to make it seem, the biggest challenge is creating a system to approach buying and manually re-investing the dividend accrued (easier said than done though ) when divy payment date come knocking.

Months to expect dividends per stock holding has gotten relatively consistent in Nigeria. When the fund come in, the person can manually buy back whatever amount the dividend can purchase. Alternative will be for he or she to re-allocate the dividend somewhere else. wIth time, it becomes uber natural like carrying out wire transfer from home or balancing your checkbook monthly type deal.

I agree, its an area of the market that needs more exposure and increased liquidity. I've only seen 2 NSE 30 etfs so far which is not competitive (IBTC and Vetiva - there might be more). In addition, many platforms or brokers charge transaction fees per transaction


For a local market, one should expect the total fee of a passive ETF to not exceed 0.2% especially considering global ETFs spanning several countries can be got for less.
ETFs are about the safest means of getting the common man investing in stocks. Interestingly, it's returns most times beat stock picking

lavida001:
The King is slashing royal cost i heard.

Hehe.. After receiving extra £45 million pounds this year? They say na crown estate. Question becomes why it's not being taxed.

lavida001:
Hope its not the shift immigrants are packing they want to force them to do

Hehe.. What I'm against is having a servile class. My own is that we should have a trial of zero migration for 5 years mk the noise settle. That'd certainly sort housing, health, education, infrastructure and even road traffic. Infact, wages might double in this period.

Japan is a good example. Despite huge government borrowing and 15 yrs of population decline, their economic indices have rather fallen or remained stagnant for over 30yrs. Many countries are watching their progress. I'm annoyed they've been unable to maintain their resolve and muddied the waters by accomodating increasingly number of migrants. Hope the new arrivals are not blamed for future economic woes.

awesomeJ:
I think you can conveniently mimick NSE30 with N1m.

I mean you can just find out the 30 stocks that make up the basket, and their weighting, then replicate it in your custom NSE30 portfolio.

Instead of people buying Armani suits off your earnings 😁😁😁

Lol@ the bolded. Manually doing it can be fraught with issues

Hogwarthtrades:
if fee is "exhorbitant" and you are interested in tracking index fund / ETF portfolio, One hack will be to copy & paste the top 10 stocks in the portfolio you are interested per weighted average to your stock brokerage account.

Downside: it's not passive anymore, considering you will have to manually downsize or upgrade your position relative to the holdings you are tracking when they adjust every quarter or yearly as the fund manager deem fit.

Exactly @the bolded. Too much handling is a is another leeway for errors and emotions derailing ones portfolio. Also, how would one deal with reinvesting dividends or smaller sums on an ongoing basis? It's the reason why passive funds have become so popular and now largely surpass active funds. The fund managers should see profit but even factoring in the realities of a developing market, it's still quite exorbitant.

Solumtoya:
Contrary to other people's advice, I would say that coming as a student is a brilliant way to get a foot in the door. More expensive, yes, but you get a degree and stand a much better chance of landing a good job when you are located here and have a right to work. You can then get Sponsored by a Company.

Applying for Tech jobs from Nigeria is always easier said than done. Even if you land the job, many Companies will rather contract you from Nigeria working remotely

Valid but the issue is that many students would be shafted after their masters and psw if the current treshold remains. With certain apects of tech, it'd be easier but a calculated risk one has to weigh

missjekyll:
I find this to be a bit ableist....

As I said, this can be a touchy subject. First, I have had struggles with my mental health needing to take time off work to sort it and I quite often advise people to take some time off and understand some who are burnt out might need extended periods off work to recover. I returned to work due to a number of reasons among which are- I would earn significantly more in work than out of work, I might have ended up having my contract terminated and possibly had to return back home and lastly, having longterm periods doing nothing would have had a debilitating effect on my mental health as is largely the case. My work is not easy and sometimes sees me working outdoors overnight in the thick of winter. I would much rather be sipping mojito on an islandic beach if I could.

Before blaming GPs, its important to understand the benefit system in the UK which is something many legal immigrants would largely be unaware of except they work in certain roles or after being here for a good period. In your words, why do you think some 'who doesn't need fit notes keep coming for them'? A specialist referral should be offered if indicated and appropriate irrespective of if one seeks a fit note or not. Not too long ago, GPs had to push back at hospitals for asking people who had been seen in hospital to present to their GP for a fit (sick) note. The DWP should ideally call in most people who have been offsick for a few months for an assessment. How often do they do that? Even the job centre sometimes advises people to present to their GP for a fit note (rightly sometimes). Lastly, a fit note does not mean you cannot work. You can be given a fit note for 6 weeks and decide to return back to work after a week if you feel you are able to.
You don't need a psychiatrist or a doctor to tell you you're not fit to work. You can self-certify for a week and a nurse, physio etc can extend that for a good period. What would interest you to know is that virtually no doctor all thru medical school and in specialty training (aside a few in occupational health perhaps) receive specific training in deciding who is fit to work or not.

You fail to understand that there is a societal aspect to the benefit system and that would not be solved by medicine. I keep asking if you've had any interaction with the benefit system in person. You can start by walking to an active council estate on a Monday morning and offering a bi-weekly psychiatrist appointments to folks with mental health concerns with aim to take away benefits and see how many knives you may leave with. The Tories floated the idea of offering therapy after a stint in place of benefits for those with mild-moderate mental health issues. Guess their response? They rightly said the government should not dictate when and how they recover. I have strongly argued for the social safety net in the West but knowledgeable enough to highlight its drawbacks when out of control.

awesomeJ:
I'm not sure, but you can try StanbicIBTC stockbrokers or Meristem.


Those guys also have their own ETF products whose underlying assets I'm not aware of. I just trade their wild swings 😁😁


Considering NSE30 is an amazing idea.
It has done over 150% in the past two years.

Thanks. Gave thought to it as individually choosing stocks is quite risky and hardly beats the underlying market longterm. NSE 30 seems to have outperformed the ASI of late. But the fees from fund managers are quite exorbitant especially for a passive fund.
With stanbic, the management fee is 0.5% and the expense ratio of 2.7%. Such fees would see one give over 20% of potential gains back to the fund manager if held for a good period.

Ticha:
We moved to NZ and put our home on Airbnb for a year them rented it out and yes, it's been on CTL since then (over 5 years now) plus we've remortgaged twice too.
If you try to move to a new lender, you'll be forced to change to a BTL mortgage including having to top it up if your LTV is not low enough.

Great. With this your current proje, have you moved back?

On remortgage you were not asked to provide new income documents?
Also, what lender are you using?

If moving to a different lender, would the rates offered to expats be any different from those living locally and how accessible are such products?
I'm on circa 70% LTV now and looking to push to 60- 65% if possible. My plan is to take out a 5yr fix (10 if possible) before leaving so the whole stuff could just be on autopilot.

Ticha:
Better picture of the work done in front - the garden in front is bigger.

Nice work with a good plot and large windows.

Remind me if you're the person who went to Australia but had and put their house on AirBnB.
I remember same person stating consent to let can be extended. Looking to know what lender offers that and how practical is it to remortgage a property with a different lender if one is no more tax resident in the UK

awesomeJ:
If I had 100m to build a 5 year basket, here's how I would allocate it:

Does any Nigerian broker offer a passive ETF of NSE 30 or different sectors of the share market?

missjekyll:
He is not a member of the current government.
You cannot force sick people into work. This government ll make inroads into the wait list, reform mental health services before hoping to get anyone off benefits.
They ll continue to crack down on benefit cheats.
We can all help by sending anonymous tips to DWP

Lol... my mental health crew... no be so?
Work in many times is therapeutic or at least less harmful that sitting indoors all day. How many would accept therapy in place of benefits? Imagine the economic benefit if just 1million of such came back into full employment

This is a touchy issue requiring empathy but I seriously doubt you've interacted with many on longterm sick. Some really need help, a good chunk are in better shape than you. Immigrants on work visas go to work and contribute despite challenges cos the alternative is to face deportation.

There should be a balance. If the number out of work folks keep rising and the nation has to increasingly tax higher earners to foot the bill, ultimately you'd run out of people willing to put in the extra work to earn more.

Lexusgs430:
I hear people on disability benefits, are not happy with the labour party(because they are work-shy)....... 🤣😂

Green shoots are abound....... 😁💚🤣

Everyone MUST be made to work....... 😁

Lol... after blaming 14 years of Tory government and the NHS for not babysitting them, they ran to Labour not expecting this. Afterall, Keir Starmer had mocked Rishi at the idea of 'British fruit pickers'. One wonders who'd pick our fruits then.

All this while, the correlation between the number of folks on longterm sick and immigration has not stuck. The entitlement is mind boggling. A growing number want to be on benefits for a good chunk of their working life, make kids, get housed by the council, and in old age get prenuim care off other people's taxes.

domin8:
Hi all,

What are your thoughts on these mortgage deals.

2 year Fixed 5.35% for 25 years or 5 year Fixed 5% for 25 years.

Thanks.

Tricky one. All depends on where you see the rates going in the next few years which is a difficult guess. Some would say longer for the 'peace of mind' but with rates expected to drop soon, its worth considering the tradeoff.

A non- biased way to approach it is this:
First, calculate how much your total repayment would be over the 2 yr and 5yr fix. From the difference.
Secondly, you can then then calculate what the rate for the subsequent 3 yrs (after the 2yr fix expires) would have to be to make fixing for two years worthwhile.
Lastly, based on data available, you then guesstimate the likelihood of a ates dropping to that sweet spot in 3 yrs.

If you're yet to get your ILR, that might be something to consider as post you'd get more mortgage options (hopefully cheaper) with an ILR.

KingOfTheDamned:
Lol, why the shock? Does she think women everywhere only focus on prostitution the way Nigerian women focus on it?

Does she think people are desperate for money the way all the men in her life are?
Does she think everyone doesn't value a good name and are ready to ruin their family name by entering yahoo or prostitution the way Nigerians do?

Does she think everyone worships money the way all her family members and friends do?

Ozuor

@Seun @mods this is what you've let nairaland become.

@op. The report did not state be is Nigerian. Why are you assuming he is Nigerian? Is it because of his name?
Not everyone with a Nigerian sounding name is Nigerian just as not everyone answering 'Bush' is British/American

@mods the topic of this post should be corrected.

efighter:
It’s a new beginning, unfortunately if and when she gets there, she may propose laws to be making men to change their surnames to their wives’ maiden names after wedding

Are you ever worried about issues that foster development especially in Nigeria and Africa? How have we Nigerians, who are carrying the worry of LQBTQ fared?