₦airaland Forum

Macktaob:
Obvious choice of any sane human.

You have money, you have good health and free enough to spend the money as you desire and flaunt the healthy status. Wtf is social status?! It would only even drag you down or hinder you from enjoying the freedom to the fullest.

On the bold, it is 'do you know who iam?'.

ositadima1:
And so, do u know howmany millions Lazyyouth has in Local investments?

Me, I get 200 million Zimbabwean dollars , do u see me alluding to my net worth every now and then? What does ur networth have to do with ur contributions in an open and faceless forum. Or u think say wealth equates to beign smart? There are some dumb billionaires if u don't know.

Common 200million Zimbabwean dollars, you dey talk. What if i tell you that iam the one that inherited the wealth of King Solomon?.

Cyberknight:
And that is how it should be. Foreigners came in, brought in razzmatazz and hype (they weren't selling anything fundamentally different), and the locals upped their game to meet up.

Na true o. You will see people queuing and fighting over Shoprite bread as if it is the 'bread of life'.

emmanuelewumi:
About 25 years ago, Vodacom was the biggest in Africa

MTN is now the biggest courtesy of the profit from their Nigerian business.


Foreign investors don't love us, they are only interested in the money they will milk from the country and repatriate abroad.


Too bad that the big players in the downstream sector who have been operating in Nigeria for about 60 years never thought of building a petroleum refinery in Nigeria.

Lafarge had a headstart advantage of 40 years over Dangote Cement and BUA cement, but the 2 Nigerian owned companies have pushed Lafarge to a distant third position as per market share.

In the pharmaceutical sector the foreign owned players are struggling, while Nigerian owned Fidson Pharmaceutical, May and Baker Pharmaceutical and many other home grown players are expanding.

In the soft drink sector, home grown Bigi is giving Seven Up, Nigeria Bottling Company a very big fight for market share in Lagos and South West Nigeria

In the mall and retail consumer goods sector, local players are giving Shoprite so much competition that they are now running away.

emmanuelewumi:
[b]The majority shareholder and former chairman Alhaji Koguna [/b]is one of the old school corporate managers that I respect.

He was the chairman of CAP plc when the stock moved from N5 to over N60, issued series of bonus shares and the company experienced exponential growth in earnings

Is he the Koguna in 'Koguna Babura Insurance Brokers'?.

emmanuelewumi:
I don't give stock recommendations but I can share the top 10 stocks in my portfolio


1. Zenith Bank
2. United Capital
3. Dangote Cement
4. Dangote Sugar
5. UPDC REIT
6. Access Bank
7. Okomu Oil
8. Airtel Africa
9. MTN
10. Red Star Express.


Basically for their consistency with dividend payments dividend growth, profitablity, earning growth and right valuation.

Red Star Express has always been a well run company and has been consistent in dividend payment.

ojesymsym:
You go request bailout. Or meet IMF or China for loan.

A lot of people do not appreciate the value of a reserve. The best way to have an effective reserve is to keep it secret.

Bailout will be the best bet because if i go for IMF loan, i will be told to remove all family subsidies like drinking water, three meals a day etc before the loan is granted. If it is China loan, i will get it at 0% interest but China go insist on sending her people to my home to manage it and if i cannot repay, they will take over my family.

ojesymsym:
So u de among those wen de use FG money pay school fees??

I wee report you to CBN gov'nor.

FG do me shege last year o as na last year that i had to pay much. I had to fall back on reserve to be able to meet up. Imagine if i had shared the reserve like FG dey do for the excess crude oil reserve account, how i for cope?.

Emndy:
NTB

Trending up which is good for my September cycle that i had to break last year because of low rate.

arduino:
Baaaad guy....... You resemble person wey go like fight well well offline

Na only promotion of fights i dey do for offline.

OgogoroFreak:
Seriously?

Which of them be Chick?

I do not know o. I said, dem say.

OgogoroFreak:
Lol. These two men.

Shebi dem say one na woman?.

Tobex4realTobex234:
I'm struggling to understand how individuals are running away from crypto and even worse painting it a bad name at a time when the following entities are rushing it:

Publicly traded companies.
Federal government reserves.
Big banks e.t.c

You sabi future pass all these people. Kwantinue to allow dead naira diminish your wealth

Na your money abi na by force to enter crypto?.

richforever123:
Hahahaha Wrong thread, nobody will patronize you here

Who told you?. I want to bet on Arsenal winning UCL in 3040AD.

Rotiix:
Send me your account number let me shock u this night, u think everyone is an empty barrel like u?

Lazyyouth4u:
Shock your wife with this month food money first

As Lazyyouth4u does not want to send his account number, should i send mine?. I like the shocks of free alerts very well.

ahiboilandgas:
last question which other company share has that growth potentials going forward that one can risk 1m naira with ? Chai i even get Honda halla for 2001 I for buy okumu oil instead of disturbing babes in the hood

If you were in SMN then, you would have bought Okomu. Many posts then were somehow begging people to buy Okomu but many people did not anticipate that Okomu will grow like this. Btw, i was a beneficiary of First Bank 1 for 1 bonus.

emmanuelewumi:
45k that is total of about N16 billion. Compared to N3 by Zenith bank or a total of about N100 billion

Thanks. The Elephant is still in slumber.

emmanuelewumi:
Profit margin of the Banks in 2020

Has FBNH announced its dividend?.

emmanuelewumi:
Do you know the size of the 10%?

I know someone who invests 100% of his salary, lives and pays bills from his Investment income . Started from 10% and graduated it to 100% over a period of 20 years

I did not consider this. My post was on the assumption that he lives and pays bills from his salary.

Lazyyouth4u:
My oga, person wey dey collect 3m or 5m go survive well with 10% na.

300k to 500k dey enough to live well in a month and still get side chick sef

Fear those Shell people o

Per month or per annum?.

Anyway, the post was made with respect of the guy not yet in the high earning bracket.

EarlyCareer:
Boss, make we make money first. Not so young though, but everyone has a target to aim for before certain life decisions.

Na the 90% shock me. Na why i made the post. If you keep 90%, how you dey take survive with 10%?.

emmanuelewumi:
Buy a 30 year bond at 10%, that will give you N10 million per annum for 30 years and you have your N100 million at the end of the 30th year. You can sell your bond at a premium.

I don't trust Insurance companies. Get a calculator, buying N100 million annuity will give you 846k per month or N10.2 million for 30 years. And you don't have a N100 million to claim in 30 years

People marketing annuity won't tell you this

Lazyyouth4u:
Calculation of annuity payments is much more complex than what your calculator can do . They take a whole lot into consideration to arrive at the monthly amount.

They (annuities and bonds) both have their pros and cons and what will work for Mr A may not work for Mr B. Different people with different circumstances and needs.

Looking at the example and calculation, bond at 10% gives N10m per annum while annuity gives N10.2m per annum but at the end of the day, you still get your N100m with the bond option which the annuity purchase will not give you. Does this not show that bond is better by far?. How else will annuity be calculated for it to beat bond or what circumstances will make it beat bond?.

emmanuelewumi:
Buy a 30 year bond at 10%, that will give you N10 million per annum for 30 years and you have your N100 million at the end of the 30th year. You can sell your bond at a premium.

I don't trust Insurance companies. Get a calculator, buying N100 million annuity will give you 846k per month or N10.2 million for 30 years. And you don't have a N100 million to claim in 30 years

People marketing annuity won't tell you this

Nice one.

emmanuelewumi:
Annuity keh, inflation will eat the fund.

I have friends who opted for early retirements at the age of 50. Both of them used Leadway Pensure, some chose programmed withdrawal of their retirement fund other bought annuity.

Those who chose programmed withdrawal now have about 60% increase in their monthly pension due to the increase in the value of the funds, those who bought annuity are still collecting the same amount from 2014 till date

. Although initially in 2014, those will bought annuity earned 15% than those who chose programmed withdrawal

Iam talking of the amount the retiree was paid off with when he/she retired and not the amount in the RSA.

If somebody retires and he/she is paid N100m for instance, can the person give that to a PFA and opt for a programmed withdrawal?.

rationalmind:
I have thought about that thing and will like to pick your brain.

Knowing what we know about money especially this our useless currency, does it make any sense to tie money down in one children's account?

You do not need to tie it down. Depending on the amount you put in on a monthly basis, when it is a bit substantial, you can move it to dividend paying stocks, TBs, MMF.

Lazyyouth4u:
My egbon. I too like your wisdom. Wehdone sir!

Na practical experience i just dey give am as i have successfully used it. It helps to keep unnecessary and frivolous expenses in check.

Lazyyouth4u:
By the way, for every Paystack founder that will make money from selling their business, I will tell you 10 very brilliant fintech entrepreneurs that are in the wilderness.

Also, If tech was the surest way to make billions, then veterans like Sim Shagaya, Tunde Kehinde, The Wakanow guy, Tayo Oviosu, Akin Jones, Mark Essien and Seun will be swimming in billions now

The way Fintechs are just springing up all over the place, the space will soon be over saturated which will lead to low margins and profits with several struggling to survive.

rationalmind:
Story. The real reason was that he was paying off old investors with new investors money. Classic ponzi

Another will soon open shop and the cycle continues.

EarlyCareer:
Not yet. Hopefully soon. God willing.

Yes, financial independence is very important to me. I have strong respect for entrepreneurs, it is not for the faint hearted. So let us be investing for now...

When the kids start coming, ensure that you immediately open an account for them the next day after birth and transfer a fixed amount to it on a monthly basis.

EarlyCareer:
Everything legal.

TBs, stocks, crypto, MMF, Bonds....sometimes, I think I overdo it. Almost 90% of my monthly income.

Abeg make you flex small o. Na only this life we get o.

afroxyz:
The link is though you are an employee it is always good to have investing/entrepreneurship acumen. A good percentage of Shell workers could not maintain their living standard within 2-5 years after collecting pay off because they did not develop these skills when working. The priviledges they enjoyed while working did not allow them plan for life after work. Many took consultancy jobs to survive. Only very few opened service companies after they left.

This is not what the discussion is about. The discussion is that people should not be employee but be employers. Financial education is still very low in the country. I have seen some shell retires that went broke after retirement because they decided to be entrepreneurs which they are not equipped for. Some of them end up being scammed. It is not everybody that is an entrepreneur. Those not cut out to be entrepreneurs can simply buy an annuity and continue to live their lives.

Lazyyouth4u:
Before I think say that 1960 na just chosen moniker from our independence year. But with that post above, I now know say you be egbon for here. Wehdone sir!!!

Na from our independence o. Iam just a 'hard working youth' that decided to choose the date we became free.