₦airaland Forum

Anvaller: This question is not very specific hence the reason why ppl's comment is pointing at different directions.

U did not indicate the age range of the children. Are u talking of teenagers or full fledged adult? Look, on a general note, there is no right or wrong in this case. It depends on the parents and the children. If ur child is level headed, very obedient and responsible, why not? If u have a child with excessive habits, it may not be a good move to buy a car for such child.

Even if ur child is grown and mature enough to buy his own car, it also depends. Unless ppl are being untruthful here, there are many ppl I know whose 1st car was either given to them by their parents or outright bought for them by their parents. Most of us do not have the kind of opportunities our parents have in their time... and some parents understand this, hence they assist their children till at least they can successfully stand on their own.

Anvaller: In reality parents don't buy car for their young children but they allow them to drive their car/cars[/b][b]... and when they are old enough to maintain a car, they give a car out to them or outright buy a new one for them.. So ur comment here is not really different from what happens in reality.

AjanleKoko: My children are way too young for me to worry about such things

I'd rather focus at this time on building a solid foundation for my kids. The right schools, the right exposure, investments, etc.
A car is the least significant thing I'd want to give to my kids when they come of age.[b][/b]

manie: Why should I buy a car for my child, fuel the car, service the car and maintain the car?

I think we need to encourage our child to be investment savvy, frugal,entrepreneurial, financially literate and to imbibe the right values like dignity of labour, hard work, contentment , gratitude, delayed gratification etc.

lastpage: Let my son /daughter work hard and save their money towards buying a car, if he/she needs one!

Even if l be Dangote or Owner of Microsoft!

The best l can do is to guarantee him/her 35% contribution towards the cost of the car if he or she can show me and convince me that the other 65% is from his hard earned sweat, that they are matured enough to own and drive a car and will not use it to bring "sorrow" to the family!

There is always pride in what you worked for (not what someone gave you)......Dignity in labor, always.


My father shares the same philosophy, and this made us strong and successful.

I will buy a car for my child when he starts working and can maintain a car. The child must have contributed 70% of the cost of the car.


Lastpage!

mercylicious: Plot in Ikorodu for 250k? R u sure?

aduhube: I have been paying rent year after year in Lagos mainland. I was satisfied and happy with it until I visited my friend in his own house.My friend is a secondary school teacher. He told me the norm- pay one year rent and pack to your own house the following year.

I thought it was a joke until he asked me to buy a plot of land in his area for a mere 250k. I paid without delay since its far below my one year rent in Lagos mainland. My friend acquired the land. The land is being developed. I will pack in soon.

Many people live in Lagos, pay rent for as much as 500k, not knowing that same amoumt can buy plots of land in Ikorodu. They're just unaware of what their money can do for them.

Michael11stock: Pls is there anyone who has received his UBA dividend in their bank account? Guess payment date was june 10 still expecting mine so dat i go fit borrow una money to reinvest lol who be learner?

Omexonomy: seriously speaking how i wish other tread in nairaland is like this. No insult no threatining of each other no fighting no quarrelling and no politcs.

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freeman67: @Manie...how's d performance of Fidson been..and what is its prospect in the comings years pls..?

Josh121: @Manie , I have been following your thread , please i want to know how many Unit of FBHN will i have now if i bought 5000 units in 2005 . Thanks cause I want to follow up with my broker . Thanks once again

mercylicious: Please wats d name of d stock brokers?

doctorbabs: CIRCULAR TO INVESTORS/SHAREHOLDERS OF PuBLIC COMPANIES ON ELECTRONIC DIVIDEND PAYMENT.

The securities and Exchange Commission has observed with dismay the unprecedented increase in the size of unclaimed dividends in the capital market.

The commission hereby requests all investors/shareholders of public companies to forward their Bank account details to their respective Registrars/Stockbrokers on or before 3rd June, 2013 to facilitate the electronic payment of future Dividends.

Failure to do so may amount to the automatic forfeiture of future dividends as dividend warrant would cease to exist from 3rd june 2013, except in the event that a shareholder specifically requests in writing for the continue issuance of dividend warrants.

Source: http://www.proshareng.com/news/19787

Elai147: Universal Insurance was previously listed but suddenly varnished from the market list. MBENFT is also delisted. Does anyone know why?

jackbauersballs: WTF is Curriculum Studies?!

Fellonigerians: The policies of the government also needs to even support the sector, by ensuring that people get insurance for house, car, etc...

lynx200: Why not try SMEDAN?(Small and medium enterprises development agency of Nigeria) They are a government agency that could be of assistance www.smedan.gov.ng. What about your current customer base? they could invest also. Its a nice idea.You said that u have different payment gateways for xmx me therefore I will like to know what it will cost you to build a mobile app that can play short movies(4mins/ 4mb) and if it can be made independent of the networks (their charges on VAS services are crazy and they don't provide that much value in return). Send me a PM so that we can talk. Its good to know we still have innovative Nigerians in our midst

sixteen08: The price is on the high side (in tandem with your submission on the price) i personally don't think now is the right time to buy with the current price above 930
Also,i am not sure if the current price range is above or below the point of inflection because there is still enormous growth potential in the food and beverage sector,likewise the company itself.

So what do you suggest for someone with about 1000 units of the stock?(My take on this is sell the stock before price depreciation set in)

Do you think the price is overpriced or underpriced?

sixteen08: The price is on the high side (in tandem with your submission on the price) i personally don't think now is the right time to buy with the current price above 930
Also,i am not sure if the current price range is above or below the point of inflection because there is still enormous growth potential in the food and beverage sector,likewise the company itself.

So what do you suggest for someone with about 1000 units of the stock?(My take on this is sell the stock before price depreciation set in)

Do you think the price is overpriced or underpriced?



I may be wrong, but I think it is overpriced. 1000 units of Nestle at the current price would have bought over 41,000 units of Zenith in March 2013 and you would have received a dividend of 59k, whereas 1000 units of Nestle will give you a dividend of about 17k.

I have no regret selling all my 2500 units of Nestle, and reinvesting the proceeds in First bank Shares.

sixteen08: @manie I'd like to know your take on nestle stocks.
Thank you

manie: I have four brokers, one takes a minimum of 250k, another requires a minimum of 500k, one needs minimum of 1 million and the last requires a minimum of 5 million Naira before you can open a stockbroking account.