DoggoneDogg:
[s][/s]

I hope the Daily Mail staff are in Ukraine or are they typing from their peaceful UK offices??

DoggoneDogg:
If Ukraine is this badass, why are they crying on social media and evacuating to Poland??

Continue posting irrelevant things while your people are dying in droves.


Meanwhile, the US & NATO that are giving you "encouragement" on social media are in their peaceful countries while you are dying.

By next week, we will know how this changes the fact that you have been destroyed.

DoggoneDogg:
Who lost money? Manchester United

Aeroflot can always find another advert means adterall Man Utd won't even play in the Champions League next season

Pierocash:
The Church of God is always playing active roles in the development of the nation in Nigeria ,both in Road construction, academic, human capital developed etc.

But the other Allahu Arkba people,their own is banditry,terrorism, marrying plenty wives and promoting crises.

Religion of piss is a curse to mankind

Tunagee:


Are you really sure of this?

CryptoGuide:
Your sister sure gave a beautiful advise. But the advise could be based on her own personal financial goal and risk appetite.

Storing your money in USD is an investment; and it is a wise thing to do if one intends to save money here in Nigeria while hedging against inflation in the country.

As to every investment; decisions should be made based on your personal financial goal and risk appetite.

If we assume that by the end of the year, the Nigerian Naira weakens to the USD by an additional N50 from its current exchange rate, this means your $3,000 will generate an additional profit of: 3,000 X N50 = N150,000 by the end of the year.

If you think N150,000 meets your financial goal for this year, and your risk appetite is low; then I think you should keep your money in USD as she advised.

Personally, If I were in your shoes and I'm to make a decision; I wouldn't keep my money in USD. This is due to the fact that my long term personal financial goal in life is to live off passive income from Real Estate properties; meaning I need a huge sum of money to actualize my plan; investing in Fiats will never give me such money; except if I'm trading the Forex market with a Broker where I have the opportunity to leverage. Also I'm young and it is expected that my risk appetite be quite high; I still have time to bounce back up should in case I venture into a failed investment. Therefore, I'd go for a high risk investment which will in turn offer a very high reward.

Just to buttress my point, I'd share my personal experience last year.

Last year, during my NYSC service year I was able to save up some money from my alawee and Forex Broker referral bonus, I was able to save up to N500,000.
If I to follow your sister's advise, I'd buy USD then at about N480 per dollar. N500,000 ÷ 480 = $1041; and now will be selling at around N550 per dollar. $1041 × 550 = N572,550

N72,550 profit isn't what I was looking for; so, I invested into cryptocurrencies instead. Cryptocurrencies are very volatile; the volatility of the crypto market is what makes it very risky and at the same time, very rewarding.
I was young, without wife and children; it was just me. I still have time on my side to bounce back to my feet if there's a loss of fund. So what if I loose my whole alawee in order to achieve a good course.
I went all in on Crypto, all N500,000 invested.
Of course, I already knew years ahead that 2020/2021 would be a bull run in the crypto market cycle; all coins/tokens pumped heaviily, starting from the large cap coins, then to the mid cap coins, then to the low cap coin. That is how money move in the crypto market in a bull run.
Throughout the bull run, I was able to get about N9 million in total. Sharply went to Ogun state, bought a cheap land, built a 2-bed apartment, and used the rest to buy some cheap lands, make those little landed investments dey appreciate dey go first...

The essence of the whole story is...

"Your financial goal (short and long term) and risk appetite will determine your choice of investment vehicle".

Note: I'm not in anyway advising that you go invest into cryptocurrencies. You will most likely be rekt. The crypto market is a highly volatile one; and about 90% of retail traders and investors loose funds to the market.

Only invest in what you know perfectly well. I chose to invest into cryptocurrencies coz it is the only thing I know in life; I've been studying the crypto market behaviour for over 4 years now, and spend about 12 hours daily doing crypto research.

Only invest in what you understand. If you're old towards retirement, or have mouths to feed, your risk appetite should be low.