₦airaland Forum

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?

Babaric from the UAE government

justwise:
Does he? Remember this image from 2016 elections

Lol... as a populist, he'd pose with whatever trend for the PR. His followers can use this as proof he is not prejudiced against certain groups. On a good day, he might even pose with the BLM flag. The same reason why minorities are usually made spoke persons or home secretary or how Reform campaigners switch from using 'migration' to 'illegal migration' when they encounter a non-white person.

Once a few catch phrases are liked by certain groups, they are doubled down on to lock support in.

justwise:
Time will tell, Dems will throw everything behind Kamala now because they got no choice, she has now till Nov to win those at the middle.

Trump need to be worried about the next debate, Kamala will make a mess of him

Hehe.. trump is not someone to be debated with. Even someone as oratorial as Obama might struggle cos while a sensible person is reeling out facts, all trump would do is latch on to a narrative, keep repeating it and make it a punch line.

You are sweating this matter too much. Most Nigerians would prefer Trump only for his stance on Abortion and LQBTQ. It does not matter if he's actively working against their economic wellbeing. It's like Britain and immigration

justwise:
Apparently if they want to remove Kamala money donated to Biden $ Kamala pack will not be transferred to the new person and so many other issues AOC explained in a video

The majority seems split finely between those who'd vote Trump even if he killed their parents and those who'd rather vote a stone over Trump. Yes, Biden had to resign so what's left of those in the middle don't tilt right. At this stage, most top democrats would have reasonably equal chances against Trump.

claremont:
.

Interesting. Mind sharing the 'sauce'?

Remember asking if anyone thought the NHS would fare better if the UK had a Japan-esque migration policy.

Number 2 highlights the fact that in the modern world, Nigerians are are still far behind in the migration game.

Number 3 is quite a striking one. Recently moved to a new build estate and not far off are new build social/HA houses. Despite the builders best efforts to build their social houses in a way that would hide usual issues, still their game in hand is to let kids play on the road unsupervised into very late hours while the parents smoke pipe in the backyard. Once a police van is seen, we know where its headed. The other day, I heard mum and her quite young son exchanging swear words. In the morning, while most folks in the estate head off to work including some care workers who are renting, these able-bodied folks would steal a look and say 'hello'. I'm sure if you ask that lady the real reason why she is not working- her reply would be 'dem immigrants'. What annoys me is that my council is broke mainly down to ever-rising adult social care and tax is bound to increase yearly to pay the bills of many able-bodied folks who have refused to work not accounting for my income tax. I'm all for the welfare state and its safetynet but over 4 million working age adults on benefits? Haba

budaatum:
Still, 2029 soon come. Well see then if we are as ignorant as electing Reform would suggest we are or if we've overcome the xenophobia that made us leave Europe...

Hehe. As I said before the last election, in an unforgiven British political climate, a part of me wanted Reform to win so they can be given the tools to undo themselves just like we saw with immigration and Brexit ir BJo and Truss. Certain parties can wreck more havoc by being the opposition.

Enough is not said about the number of sits LibDems took from the Tories especially in previously pro-Brexit southern areas despite the Libdems manifesto being 'pro-immigration' and advocating rejoining the EU. If the Brexit vote regret keeps rising, rejoining EU might be a significant factor in coming elections.

leoshadow:
Hi Everyone,

Apologies for the long post.

....

It's unclear from your post if you're single or married (with kids), the current cost of rent and what region of the country you are in as all these would affect advice given and decision making.

Your main advantage is that you have a good financial base and you're a first time buyer.

It appears you have only started looking. I'd say it's worth not being in too much of a hurry except your rent is quite high that'd it'd prevent you from saving or other individual issues. As a first time buyer, you have upto 450k before paying stamp duty which is worth maximising to the best of your ability.

What you're able to borrow is largely based off your gross wage. It'sunclear if your 4k is net or gross, but your annual gross multiplied by 4.5 gives you a general idea of what most banks would lend +/-.

Giving yourself a one year time frame could give you certain advantages

1st, you can bring over the 10 mil and chuck it in a LISA
2nd, a LISA opened today, could afford you 2k in govt rebate in a years time. All you have to do is chuck 4k this yr and another by next April.
3rd- you can hypersave for the next 12 months to build a deposit. Chucking another 16k into an easy access cash isa at good rate should yield another grand at least tax free.
4th. Most banks would ask for 6 months of accounts hence your 10 mil brought over now should not even be on the radar in 1 yr.
5. In 1yr, you have the potential to have 50k ish in deposit. That could afford you 2 things- a lower LTV with hence reduced interest payments or a better house. I'd go for the latter. A nice 3-4 bed detached in most parts of the south would be north of 300k. Good base now and if you come to sell in future, going for a nice property now would count.
6th- That one year can afford you time to really decide on what town and what part of that town you want to buy. Consider closeness to transport links, good schools e.t.c. which is something many immigrants tend to overlook initially. In every town, some areas would always be more expensive than others.

The downside is that property prices may rise. With no one knowing the future, I'd say any potential rise is less likely to be steep over the next year. Even if it is, the potential benefits should outweigh risks.

This is so wrong and babaric. Why should we do this to ourselves? If he has done wrong, he should be handed over to the police.

missjekyll:
My friends tell me the 13 years under the last labour government saw an increase in their wages, finding employment, nurseries, able to buy houses.

I m already poised to take full advantage for the next 5 years. Any government policy I ll be all over it like white on rice and I ll share it on here of course.

Remember despite all that, they ended up being voted out and kept out of power for 14 yrs for 'ruining the economy'

Generally, I hope for the best but try not to get too sold on politicians especially when there's an insatiable crowd voting

Obiany:
Thanks for your response.

1). I have Uni of Chester (MA in Diabetics 14kplus) and Liverpool Hope Uni ( MA Disability Studies 13k plus) and Suffolk Uni (MA in Public Health & Well Being 14k plus)

Which would you advise I go for in terms of advantage?

2) Do you have an idea how long they process their admission and to get the CAS after tuition is paid?

3) I can afford to pay my full tuition but have 0 funds in my bank account after that. After admission, What are the best agencies to seek for POF and wait for maturity? Based on these cities how much should I seek for POF? The charges in Lagos are most likely how much? Thanks

Stumbled upon this

Since you're already tilted towards health, why not look at masters programmes that usher you into a field with a rather protected role and would enable you to work in the NHS? e.g occupational therapy?
If you're a nurse looking to hone in on diabetes, then an MA in diabetics is a good bet otherwise, it's tricky as a standalone programme.


Healthcare roles in the UK are not relatively highly paid, hence it might be difficult to meet the 38k salary treshold for a work visa except you're working in the NHS (i.e exempt),

Dappy25:
I finally passed my practical driving test at the 3rd try . Failing twice was quite humbling but I’m glad I finally crossed the hurdle.

Here’s my tip for anyone struggling to pass; apart from taking driving lessons, binge watch mock test on YouTube channels like DGN driving and Clearview driving. Watch videos of people that fail and take note of their serious faults so you can avoid them and learn to drive safely.

That said which cars would you recommend that costs less than 3k?

I’m not looking to spend much on a vehicle for now.

Congrats. Good you shared tips.

Not much info @the bolded perhaps Ford focus, but ultimately, try and avoid cars that'd see you frequent the mechanic. 'Parts and labour' no be here.

wallg123:
Would football be coming home tonight or would it be tears on repeat ?

Rooting for England today as expected but if we no win, I hope some benevolence is not thrown at Saka and other black players.

Viruses:
The question is why didn't you go straight to Canada from Nigeria?

Just like a fresh graduate that was finding it hard to land a first job, a company saw his potentials, gave him a job and built his skills for five years, only for other companies to start giving him opportunity afterwards.

UK saw your potentials and gave you opportunity to develop it. Five years later and Canada is just seeing the skills. Your gratitude should be to UK, not Canada.

Good question. I didn't go down answering it before as I didn't want to belabour the issue. I chose the UK for other reasons - major one being a better troden path.

The Canadian express entry pathway is pretty straightforward with no preference to country of origin/residence. You get points for your degree and a few others. The time I've spent in the UK didn't add any advantage rather points dropped as I got older. Fact is, the main reason I was still able to get it despite being older was because they recently made a pathway for healthcare workers which still buttresses this issue as being a game of need. Oddly, while I was in 9ja, I was convincing a colleague to follow me on the UK pathway and he was looking to convince me to go the Can route with him. After all this time, he almost relocated here once but I'm likely now headed to his province. My UK training should count when I get there but not at entry.


Not to becloud facts, the UK has been an immense blessing to me which is a main reason I've held on to collect my British kpali. The time of my arrival was pivotal in benefiting hugely from the need the government was looking to fill but ultimately like the father of modern economics said, ‘ It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.’.

RalphJean:
The type of prayers me and my wife and children have received today, the goodwill will last a lifetime, I think.

Thank you so much for that not-so-little suggestion. Turns out it’s a win-win for everyone. Thank you Jedisco.

Kudos... at the very least, you've made their week.
Things no easy for many back home