₦airaland Forum

And yes, mutual funds is not thrash; if you seek expert advice.

2019 figures. Anyone see the 15.54% year-to-date? And that's not even a high yield fund.

I proposed 12% yield every year, on the average. Conservative enough!

@xana101
A305 gave you the best advice: invest in mutual funds! And there is no better place to take your funds to than StanbicIBTC.

Place your funds in a high yield investment portfolio (they are riskier, but yield higher) and watch your funds grow at 13-20% per annum. In extremely good years, your funds could grow by as much as 25% in 1 year. And, to make it sweet, keep rolling over your yield earnings along with your capital. In 15 years time, we would be talking about several free millions of naira in your account.

Let's crunch some numbers:
(1) If you start out with #800,000 principal in a high yield investment averaging 12% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #11.6 million at the end of 15 years.

(2) If you start out with the same #800,000 principal in a high yield investment averaging 15% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #17.4 million at the end of 15 years.

Note that both scenarios are conservative. StanbicIBTC is Nigeria's financial markets "market maker," so its book's will never go red. The implication is that its portfolio products will always give the best yields in the country for sometime to come. Only a political upheaval will upturn its current position. Maybe this is the reason Dr. Atedo Peterside refused OBJ's offer of CBN Governorship.

You have the capital. I'm sure you can afford an extra #360,000 deposit every year. StanbicIBTC is there waiting for you.

You are good to go sir.

This thread was once one of the wisest on Nairaland; but now, it's asinine.

Who would believe we would be here arguing whether or not insurance in Nigeria works or the insurance companies in Nigeria are scammers?

I long for the old days.

chillex8:
7k kpakam.
You can’t get it lower.

I like the kpakam part.

davit:
Ahhh This guy, you re something else. True talk sha

As in ehn ...

Unfortunately for me (because I love disagreeing with AngryIgboMan), he is 100% correct in this post.

Felicity0001:
Moat of these girls can be so annoying.

Got a uber req few minutes back somewhere around jibowu yaba area. Drove down to PU. Placed a call through rider since she's not reading her app message.

Rider: where r u
Me: Im outside
Rider: ok I'm coming out.

She called back after about 2min.
Rider: where r u na I can't see you, didn't you use you map.
Me: I've been here since, ok look your left and to ghost ht if you can see me my hazard light is on now.
Rider: I can't see still, you map is supposed to bring you to No 31 na aee you sure you're here?
Me: No number on your req just your street name or isn't it shoyinka street?
Yes she affirmed.
Rider: ok ask someone of No31 or ahould I cancel?

Me in my mind I just smile, b like dis one no mnow say her 5min grace don ellaps abi she think say na bolt?.

I started my engine, asked some guys around even though I hate doing that. They directed me. Turned and on my hazard light than called her this time.

She hugged her bf then opens the back door and entered.

Rider: you just arrived self and you said you've been here.

Me: what do you mean?
Rider:...still talking
Me: do you want to continue on this ride?
Rider: I should cancel?
Me: i wouldnt mind:
Rider: then you'll give me my N400

At this time her bf then came in,
Whats happening any issue?
Gf: ahe said he wants to cancel, but he will give me my N400.

As they where discussing me don cancel already.
Me: you can come down now, I just canceled.

The bf resounded it to her, he has cancel.

They closed my door I just zoomed off.

I no get time for bad riders that will end up rating me low at all it better I cancel.

Rubbish things

Great going guys!

I'm thinking we will benefit from a different perspective to situations like this.

Whenever I receive a trip request, I always call the rider immediately and confirm the pick up location - street address and number. It saves me a lot of stress and helps inform decisions I need to make - like should I go or not go?

When I've confirmed the rider's pick up location, I then give the rider my estimated time of arrival. If my ETA will be more than 5 minutes, I plead with the rider to please be patient; that I'm definitely coming.

All of these would have taken just a 60 second call; but a lot of misunderstandings would have been avoided.

Only then will I start driving to the pick up point.

Good morning guys and ladies, please let me just seek people's opinion here.

So I'm thinking of taking a car on hire purchase, say a Toyota Corolla 2005. Let's say the HP price is #2.5 million, direct tokunbo. I want to deposit #500,000; and remit #25,000 weekly to the owner for 80 weeks.

Now here is the catch. I want to give an e-hailing driver for #25,000 weekly rental. The #25,000 weekly rental the driver remits goes directly to the car owner; while I handle all repairs and servicing from my salary. Also, any week the driver defaults, I pay from my salary.

Is there something not okay with this arrangement? Am I doing anything wrong? Do I have to tell the owner of the car that I will not be the one to drive it? Do I have to tell the rental driver the car is on hp?

Felicity0001:
Nitigriti...hahaha... Baba have loose it... Lolzzz...
Who you dey apply to Lol

No need for all of these na, shuuu!!

Actually, I agree with you. My apologies to the house.

dckng16:
Kill dem all. They all deserve to be shot

You are the mofo that deserves to be shot.

Goat.

AngryIgboMan is a stupid son of a bitch. What the hell is my business with you?

Is it by force you must hustle in Lagos? Go back to your village, Idiot.

slamstanlee:

My Oga.

I hear what you are not saying. I will let peace reign on the thread now.

kodred:
*sigh

Can you go now? I’m tired of your senselessness.

It's clear to everybody who's senseless.

kodred:
We were anticipating it not looking for a way around it.

Of course we knew we were gonna go with lagos govt if they dialogued with the ehailing companies.

Now that they have mandated uber/bolt, the only reasonable thing to do is to communicate to partners which they have.

Get your head outta your ass, It stinks.

So, per chance, if VIO says LASG has mandated it to demand Hackney permits and LASDRI from e-hailing drivers and the e-hailing companies' say, "Don't mind LASG's demand for Hackney permit and LASDRI. Just continue with your rides," you will go with the e-hailing companies?

What kind of lopsided thinking is this?

calabardick:
What of R12?

R12 is long gone. 20 years and counting now.

kodred:
We were anticipating it not looking for a way around it.

Of course we knew we were gonna go with lagos govt if they dialogued with the ehailing companies.

Now that they have mandated uber/bolt, the only reasonable thing to do is to communicate to partners which they have.

Get your head outta your ass, It stinks.

Still an idiot, after 12 hours.
Can't learn anything new. The hours I spent banting with you today are wasted.

Unfortunate.

bigiyaro:
oga, forget all those grammar, no need for any conceptual thinking n all that shi.t, this thing is straight toward n simple, the state government cannot demand operational license form uber drivers after having gave uber the same operational license, except u r part of this clueless government that kills her citizens with not only over taxation but also with multiple taxes.

Ok. This thing is straight forward and simple.

calabardick:
Wow!
I didn't know they still exist, you just remind me of my government technical college years (refrigeration engineering)

About 60% of all air conditioning units and coldrooms still use R22 as the refrigerant.

Not coldrooms, please; my mistake.

bigiyaro:
u did not even read my post, I said THE SAME GOVERNMENT! talking about government at two different level is another thing altogether. lsg cannot give uber license to operate n still d same license from its workers. bits simply anti-human n wicked. pls argue wit ur keyboard.

You need to go learn conceptual thinking first. Then come back and argue with me.

calabardick:
What is R22?
Are you referring to refrigerant (for old school air conditioners)

Yes sir

bigiyaro:
how do u too reason am? if government granted you license to import n sale a product, is it OK or right for the same government to demand the same license from your sales boys marketing the same product?

It's actually happening in the industry I work in. By UN Convention, manufacturing and imports of R22 is supposed to have ended in 2019. We import R22 with a Federal Government (SON) license.

Sometime last year, we got whiff of the fact that LASG was about to clamp down on importers of R22. We didn't deny our reality. We didn't say we have license from the Federal Government so LASG cannot touch us.

We faced up to the reality and went ahead to negotiate with the LASG through the agency in charge. And you know what, we were able to get LASG to reason with us and Grant us concessions. The key one is that implementation of the ban on R22 and devices that use R22 will be phased over some time, not instantly.

This is what business people do. They envisage potential problems to their businesses and tackle them.

kodred:
Bruh I was not arguing for points. I was only telling oga to calm the fvck down until they (ehailing companies) make it official.

Now that they have, it’s in one’s best interest to get it. Simple.

Now you see why I am the strategy person.

kodred:
Can you point me to any document that explicitly states cars on ehailing platforms must have hackney, lasdri and operator’s license?

Fair enough. Let's bet - #10,000 each. We will both send the money to a neutral party.

If I am able to point you to this document you think doesn't exist, I get your #10,000. If not, you get my #10,000.

kodred:
I was educating him in a subtle way but nigga is too egoistic to have sense. I don sha free am no be every pikin person born go get sense.

You want to educate me? With what education?

The kind of education that doesn't realise government policy is binding on all corporate entities in an economy?

What education do you want to educate me?

ofime123:
[s]Guy leave him alone I read his bull shit and just decided not to reply him[/s]

Rubbish.

kodred:
Stop having a hard-on with my moniker. We are not quarreling are we? Can’t you take a little chiding o ye mighty one?

Okay abeg no vex baba ni yen! Omo ologo, set awon dangote! Baba o!

Lol nigga swerve biko

Who's having a hard-on with your moniker? Onto wetin?

We are not quarrelling, we are banting. One of us must get tired today, so that from tomorrow, both of us will respect ourselves.

And is it you that wants to chide me?

skillip:
Guy, you don't need to be dragging all these trivial issues here, even if you have time , it's NOT everyone that you should respond too. By the way, once our partners communicate with us to get the permits, then we have no choice, even though we need to be proactive. while I was eating somewhere around the shrine area (Hakeem Dickson) , someone got a call from his friend that VIO have arrested him and he's been taking to the taskforce office at Oshodi, the guy beg with 10k them no gree but insisted on 20k, I gave them the numbers to call, ate and left.

I understand you perfectly. But please leave me and Kodred to drag ourselves for now.

When time to settle comes, we will settle.

kodred:
Lol you’re really uncouth and undeserving. Have a good day!

What does this even mean, in the context of our bants?

Are you already giving up? Because I have time for simpletons like you.

chinyce:
WOW! Your CV is loaded. Clearly is not pinching you the way is pinching us, at all.

Please o, many of us here are looking for a Way out via paid employment. That is if you really want to help, as a COO of an Engineering firm.

Instead of pushing guys into ehailing suicidal mission to pay N110k operating licence fee etc.
Outright wickedness!

Abeg! Wetin be KPI.

I'm not pushing guys into e-hailing suicide mission to pay #110k. I'm just saying, "Guys, why not come together and fight off this operational license thing," if that is the way to go? Why pretend the problem is not there?

KPI is key performance indicators.

Monkeyprick:
Bruv, I will quote you and quote you over and over again. I dare people a lot.
I respect the fact that you're one of the early mentors around here but i don't like the way you shove your opinion on people. It is condescending!
You tend to snowball people a lot especially those who were not around when you drove on the platform.
All these talks of shading your fellow men if he's a graduate or not doesn't sit too well with me, that's why i am calling you out. Intelligence and exposure are not even, so please when people don't agree with you, don't be too emotional about it.
You said you're the COO of an engineering company, by the grace of God, i am the Head of operations at Fenix international, a multinationals company in Victoria island.
Not only have i been to 4 different countries (England, Kenya ,Morocco and Uganda), i have also been sent on a training to Germany when i was the Chief of Staff at AIG Express.
But before this happened, i lost my job at my dream company at a point and that is where my e hailing venture started. I have never rub it off anybody here.

Kodred had the temerity to write here that I was cheating my employer by being on social media. That was why I had to explain what I do and how flexible my work is.

I care less if people agree or disagree with anything I post on this forum. I've just been saying no one should shade me or insult me because of any opinion I express here. You can disagree with me, yes.

If I sound condescending when I shade or insult, it's deliberately so. I'm sorry I have to go down that path, but I was minding my business reading and responding to posts before someone shaded or insulted me.

kodred:
*sigh

It’s either you’re extremely dumb or you’re extremely dumb. So after acknowledging the lagos govt, I should go and pay 110k for permit and also do the hackney and lasdri when the ehailing companies have mandated it as a pre-requisite for on-boarding.

If an investor wants to come in, will you tell him/her to get those permit or anticipate them?

What we are doing is simply observing and when it becomes mandatory, you either get it or get out.

Have some sense please.

Now I see how stuuuuuuppppiiiiiiiiiiiiddddddddd you really are.

Keep living in your fool's paradise.

kodred:
*yawns

You really are not wise. I wonder how you ended up as the strategy person.

Send me a pickup location. I will send a car to come pick you up.
Work with me for a few days, then you will understand.