₦airaland Forum

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From Treasury Bill's thread to General topics thread.

Of a truth, the only constant in life is change!

Rest in peace to Treasury Bill's.

Please let's observe a minute of silence for Miss TB.

May her crashed soul rest in perfect piss






At least, until the day of her resurrection.

Benzboys:
The bubble will burst someday weh dem dey talk since 2010 still the bubble never burst.
People are making some kind of money these days in this country and the middle class is growing,so it's no wonder these houses keep appreciating.
I also like the UK type homes(semi detached) they are building around lagos for the lower middle class.

Atleast it is no longer impossible for a person that makes 5m a year to own a home in Lagos middle class areas.

No need arguing with you. To each his own.

DexterousOne:
Look at our supposed highbrow areas

No central sewage system

What of the drainage?



The list goes on.


Highbrow areas here need some upgrade
So that they meet the standard of what a highbrow area is elsewhere


Earmarking a portion of town, and inflating the prices to create the false sense of exclusivity does not make a place highbrow in the real sense of it

Exactly.

Cyberknight:
I haven't seen any so-called upscale areas in Lagos and Abuja that really deserve the appellation.
Ikoyi, for instance is basically a slum with indications of past grandeur and not worth the ridiculous prices given to its real estate. I've no words to describe Lekki Phase 1.

I'd take Cantonments in Accra or Westlands in Nairobi over any comparable places in Lagos or Abuja any day.

Very well said. Especially the so-called Ikoyi and Lekki phase 1. Littered with over-priced properties. Buy those properties for investment/appreciation purposes at your own peril. Just like buying over-priced stocks. The bubble will burst someday.

CsRockefeller:
The other day I was telling someone that corruption and fraud especially is ingrained in every Nigerian DNA. What few do is to fight that inbuilt trait, the remaining just live it out.

We are such a dishonest people. In an attempt to mask our evil acts we have legalized fraud and corruption into different forms.

A Nigerian doesn't even trust his fellow citizen so why should a foreigner do? Look at how high we build our fences like we are guarding against wild animals.

Lol at your closing remark.

Most western business managers have a culture of separating business funds from personal funds due to their understanding. Hence, a western corporate executive can live large on his personal finances without plundering business or investor funds. There are legal implications and consequences over there for such wrongdoings.

But, here in Nigeria, there are hardly any functional legal implications and consequences for such wrongdoings, and as long as this persists, business managers will continue to live large on investor/public funds.

In Nigeria, the corrupt are very bold and even worshipped. Sad!

Commercial properties would be more impacted than residential properties. Rents and leases on commercial properties in Ikoyi and Victoria Island are being re-negotiated downwards as we speak.

emmanuelewumi:
This is not good for rental income and real estate Investments on the island ooo. This working from home may become the new normal.

Barrytone:
My concern is my life, when am gone its over. I raised it on my own and expect my kids to do better because am giving them a better foundation. I owe my kids a good education to PhD in the best schools in the world. Their success is in their hands. My 1b will be left with instruction that will only enable them access the interest and not the capital. My grand children can't even touch it. Generally, I don't care what happens after am dead. My plan is to live a good second half of my life as growing up was hectic. Can't loss it on both halves of life.

Okay Sir. Best wishes.

Barrytone:
In response to quotes: my Tbills investment is solely savings to arrive at a certain targeted figure then I move them to bond and then repeat same process. Planning to commence bond investment Q1 of next year. I hardly have the 50m cap at hand when opportunity unveil as I have several smaller amount in treasury bills. On my source of income, so far I have only two being salary and Tbills interest but hoping to do bond from next year. I have decided to leave out my properties as there are not profitable and can only cater for few drinks. On why am not into biz, simply I can't monitor them as I wish. 2019 April I invested 1.1m on a young man to acquire mini bus and return my money in 18months. Yesterday I invited him over for account balancing and realized he just paid 490k in over a year. That can't be my biz, not ready and don't have time for fights. My target for now is to have a working capital of 1b naira then retire from my salary work. From my calculations this will be achieved by my year 55. No matter the value of naira then I bet shouldn't be 50% less from today's value. All I need is sustainability, change car every 3 years, maintain my house, pay domestic staff, have enough for health care when needs arise and cater for the needy in my little way. 1b at 10% is about 8m monthly and if value is half then am looking at 4m of today's value. With 4m monthly presently, I can live that live I so wished. I do not intend to go looking for more money as am busy planning my dead and really don't care what happens after am gone. how long do we think a 55yrs old man will survive. Those remaining years are for groove and not hustle. I can't be dangote that is building refinery at his age. My activity stops at 55, I just want to breath and not own money that might become useless to me yet useful to generation unborn. I hustled mine from the scratch, they will inherit my 1b capital and that's all. As it stands today, if I loss my job, my investment is capable of paying me same salary am receiving as it stands. There is amount of money you get and it just keep going up without doing a thing. On the 4% Tbills "savings" plan, with huge capital, you wouldn't feel the low rate hence those guys with billions keep over subscribing. They wouldn't risk their billions on this naija economy. All they do is recycle the billions. So even at 1%, its still over subscribed.

Not a bad one Sir. However, you may want to put up a trans-generational wealth plan in place, even if indirectly through trusts.

1 billion naira is huge but it can easily be mis-managed by an inheriting generation that didn't work for it, and with no knowledge to grow or at least preserve it. You wouldn't want to have a life of comfort and have generations after u living a lesser life.

The biggest casualty of the healthcare development deficit is the masses. Government at all levels must now make conscious and time-bound effort to redeem the healthcare sector at least for the benefit of the masses.

For the elite, private sector investments in the healthcare sector is now imperative.

Na dem dey run go yankee for the slightest of healthcare attention. Now wey yankee no sure for dem again, make them sort themselves out by making the necessary investments. They have the required resources, so the onus is on them. I hope covik 1 9 has reset their brain to do the needful.

emmanuelewumi:
You have not answered my question on how you will turn N4 billion to N40 billion and how long it will take you to do this.



You can't compare the type of returns on thousand of Naira investments to billion of Naira investments

Easily turning 100k to N1 million than to turn N1 billion to N10 billion

I understand your point of view Sir, and I respect it, absolutely.

To the best of my knowledge, the debate isn't about how to turn N4b into N40b.

I will stay within the cuff.

Best Regards.