₦airaland Forum

OP,

Try dividing your income into four monthly -
Survive(your needs)Ideally this includes feeding,housing,transportation, school fees etc,...50% seems ideal

Revive(your wants)It is only deceitful to think you would not spend on wants.you do not need this for survival but might need to part with cash for this once in a while for peace to reign or in order to live a balanced life...things such as kids excursion once in a while,general workplace gifting,cable TV subscription etc....Ideally 10-20% of your income can go here

Strive(savings and investments) - Build an emergency fund as rainy days come from time to time that become an immediate need.Split the remaining 30-35% left into 2 building an emergency fund with one and investing with the rest in a mix of asset classes considering your status and reasonable risk appetite.

While doing this, strive to increase your income by changing jobs through continous learning and improvement, learn and read books about investing (a fool and his money are easily parted).

U mentioned contributions.Your portfolio should have a mix and be balanced.However, in this context, i was referring to the contribution aspect and waiting to take last...wetin go happen if 1 person collect japa go UK without paying others plus u could earn more as in returns rather than waiting six months with no interest.
Meanwhile, hope this lands no dey block waterways or near canal if in Lagos.Abeg ask Tokunbo Wahab ....just joking

theamazonguru:
Hmmmmmnnn

Is this more reasonable than investing in landed property that can do x3 or more in few years.

For instance there is a property I bought 350k and is now 7m after 10 years.

There is one I bought 4m and is now worth 20m after just 5 years.

Willing to learn.

Thanks.

Not too advisable due to time value of money.Try investing in risk free assets such as mutual funds, tbills and co....this way your money yields money while waiting for the bulk sum

theamazonguru:
You need to be intentional about this.
What I do personally is do office contribution.
Without it I won't be able to achieve much.

There was a time I was doing 200k monthly, I wait to collect last. We are 5 in number. So when I collect I collect 1m, then collect another 1m again when we start the next cycle.
(Last to pick on the 1st cycle, 1st to pick on the 2nd cycle).

So that is like 2m.

Once I collect it, I plough it into a predetermined project with my wife.

We rinse and repeat the process again.
That's how we roll.

Well this was like 3 years ago.
Now I do way more.

See, your wife has a role to play here too.
As you guys have to cut your expenses to a reasonably low level at least.
Cut low on unnecessary things: parties, outings, clothing and jewelries, even rentals if necessary.

Otherwise, you might keep earning that amount for the next 20 years, live the kind of live you are living now yet will never be able to achieve anything.

Be wise.

I think it's transcorp. It could be that transcorp power is to unbundle from the group and investors have priced this in already leading to the recent rally.I really don't see how the group can pay 70k given the performance mid year if they do not unbundle or who knows

emmanuelewumi:
What is the name of the stock? How long did it take for this to happen?

Hope the stock will pay a minimum dividend of 70k per share? If not it will come down to sub N10.00.


Unless the free float is less than 5% ie BUA style

Hi, could you explain why because from my understanding bonds with longer tenors tend to depreciate faster in a rising interest rate environment and vice versa.This is due to the fact that future cash flows are discounted at the prevailing market rate.

emmanuelewumi:
They are all good, just that I don't like bonds whose durations are 12 years and below.



Where did you get this

.

Ps help with the Twitter handle to follow

Ibrahim505:
Here it is

Pls can anyone help with today's tbills auction results

Send them a mail. I got my certificate since though I bought through a commercial bank

Ibrahim505:
There's no feedback from either DMO or Morgan capital since I subscribed to the latest Sukuk bond-no any certification or acknowledgement of investment. Is it normal? @emmanuelewumi

This has not been approved yet by sec right ...Been waiting for more info on the rights issue

yMcy56:
Did you forget that Rights Issues are discounted?
Besides, the allotment was 87:250 i.e. 87 new issues for every existing 250 units.....
Going by the financials, JAIZ is undervalued at CP.

If OMATEK with poor result could be trading @1.14 as at today, JAIZ as a banking stock with good financials should not be trading below N2!

Na same way people wrote off UNITY be that o. Who are those queing up to buy now?

Sorry to digress, Please how do you source USD in buying eurobond ...Thank you

emmanuelewumi:
iuote author=femu post=127102862]

Do you do US stocks?

If yes, compared with Naija stocks which is better?



I invest in what I understand and have more than an average knowledge of. I do Eurobond Fund instead

What is RI

KayOn1:
Jaiz RI is @1.00 if I am not mistaken. Tread with caution.

Pls when is access bank paying dividend and what is the qualification date

I got my dividends for UBA from Afri Prud without filling any forms or going on their website.If other registrars could be like this, it would be nice

@260 naira per share...hian

delvzy:
The more reason i recomend PATIENCE. IPO is not something you want to be risking your money on.
Allow ground settle first.

30k....Ppl go begin runaway on monday

leparj:
How much interim dividend from
Access Bank?

Pls I need help on how you later went about your laptop powerbank and it's durability

remi1444:
Hello Techies, is it possible for me to use the MTN Lumos Inverter solution to run my laptop[with 57wh battery], phones and two energy saving bulbs for at least 10 hours?

QtGuru, Airsaylongcome, drlevi

Pls could u recommend a vendor or an outlet. I checked online and didn't really see much

pocohantas:
Computer village. The highlighted doesn't have one answer. It should depend on your laptop and charging cycles.

Hello Poco, Please how can one get the laptop power bank and how long does the battery last....

pocohantas:
k

Update don dey...People don get info...See that person wey wan buy over 3m units of glaxo

yMcy56:
Banking is currently on recess.....

DANGSUGAR: Full bid @52.25!
GSK : Full bid @11.65!
TRANSCORP: Full bid @6.38!

This too much Sugar wey una dey chop, diarisGod oo.

yMcy56:
GSK......any update?

Omo e be like GSK don get update o...Some people are buying at almost 12 naira in volumes....Seems banking has chilled small till results are released

Can u explain how or the investment that gives up to this

AleAirHub:
Having 7 million naira in my bank account guarantees a monthly average return of 950,000 naira. This will allow me to enhance my lifestyle slightly, while also setting aside funds for other entrepreneurial ventures or real estate investments. I recommend you consider acquiring specialized skills in the field of information technology, as it can provide access to well-paying freelance opportunities online.
Good luck 👍

Is there a story behind this FTNCocoa...Some better companies are on full offer...This one still dey green with plenty bids

With the way the interest rates are rising, it is better to be pick a bond with a high coupon rate.new bonds were issued last month with coupons of say 14.75 to 15.75...

IYGEAL:
2042 FGN bond currently sells at a discount of about 97, with coupon rate of 13%.

U can buy with less than 50mn for the secondary market option.It is also possible to buy at the primary market with less than 50mn if there is a set of people willing to pool up funds to make up for the 50mn naira minimum bid.Bonds are being held by a Custodian.U can move to other financial institutions if needed too

vacanci:
Since it's not up to the required 50M, will this appear on one' CSCS portfolio as well?

At the rate the black market is going....it might be 1k by december

emmanuelewumi:
Naira to dollar is expected to reach N1000 by April 2025 and N1500 by July 2028.


I think a Nairaland denominated asset that can deliver a minimum total return of 100% between now and July 2028 will hedge the devaluation risk.


Using the 72 rule, that means a Naira denominated asset that gives a return of 14.5% and compounded for the next 5 years, will be a return of 100% in July 2028.



If you do your homework well, you should be able to do better than 14.5% per annum

Cost of living don begin dey wound the living

Red wey pursue some of our analysts don dey go o...Abeg make una come back!!!!

Location and price...documents available too

Oluwaseunbandur:
Please I need to sell my land for medical attention
Located in Lagos, ayobo
Please its matter of urgency

Isn't palmpay risky.How secure are the platforms of these online banks..What happens if dey close shop tomorrow....As juicy as 18 or 20% sounds, proper risk management is needed for return of capital.I think it's best to invest what you can easily forfeit here...One doesn't even see the books of some of these online banks to determine how efficient their management is......

locodemy:
Palmpay has the best fixed rate now @ 20% per anum followed by pay 18%.whats your advice on this two?

investment one 6.5% per anum.
Wema bank 7.5%
Other investment firms/banks same 6.5,7.5 or 8.0.
Do you know other reputable firms with higher rates?

Some people are locked in Chams and JaPaul

Is someone trying to buy DAAR...what is fueling these bids with no offer or monkey hunting