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Investment › Re: Treasury Bills In Nigeria by Phraences: 4:02pm On Sep 12, 2020 |
RayRay06677: Being learning a lot here, I personally decides to risk 5m last week on the ponzi. 2m for 50% quarterly, 2m for 15% monthly and 1m for 20%. 3 different forex trading firms in Uyo. I advise against it but I needed to take a risk, have been extra careful in my investment years and I think giving out that chunk is cool. Was even thinking of taking it to 30m but I will wait and see how my 5m crashes. (all 3 firms at once). Best of luck. Life is a risk and money must be made. If we no get money, wetin we gain. But before you risk your N30m, hope you have N100m and above stashed safely somewhere. Don't be like those who have N40m and will risk N30m on a high risk investment and start shedding premium tears when kasala burst. Cos N30m compounded annually for N10years @15% interest rate per annum with N100k monthly deposits can reach N147m. But person go come lose that kain big money because of impatience and greed. When you have N30m and above, time is your ally. |
Crime › Re: Ihebuzo Chris: EFCC Arrests Man Who Bragged About Hacking Access Bank Accounts by Phraences: 2:34pm On Sep 12, 2020 |
Mumu boy. He could have done either of two things. Taken ONE Naira from each Access bank account containing N50K and above and disappeared with the money or he could have gotten a job with Access Bank as their IT Specialist or even with EFCC cyber crime unit if he had played his game right. He could have written a job application privately highlighting how he noticed the security gap and his suggestions for closing the gap. Instead, he wanted to trend. If you can't be a smooth criminal, be a law abiding citizen. |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 2:05pm On Sep 12, 2020 |
Lazyyouth4u: Sir, I’m not here to make sense to any one o. I’m just a lazy youth trying to point out simple investment wisdom to those that think their money (and promised returns) in investment funds is guaranteed. Past performance is no guarantee of future results ooo. Your money (and promised returns) in any fund is not guaranteed. Historical returns have nada to do with future results. You want guarantee that your money will never disappear, spread 500k around all the banks and then hope for the best for the rest . You want to make good returns, be willing to take the risk that you can lose your money and put in any investment fund. Me educate? How can a lazy youth educate Baba agbas like you that know it all? Na wa for you o  You can keep that N500K in only bank in Nigeria and nothing will happen to it. If you want to be really safe, you can choose one out of the top 5 banks in Nigeria. Though there's also nothing wrong if you want to spread it. It is rare for a bank to collapse now with all the regulations and oversight that have been put in place by CBN. See how Diamond was bought by Access and Skye was transformed to Polaris. |
Investment › Re: Treasury Bills In Nigeria by Phraences: 1:59pm On Sep 12, 2020 |
Lazyyouth4u: Sir, all you are saying is very correct at the moment but any investor should know that money in any fund is not guaranteed. That is my point. Only God knows tomorrow. You ask me to tell you an SEC regulated investment fund that has lost money in the past? Boss, any good investor should know that past performance is in no way related to future performance. I repeat, there are good investment funds around but anything goes wrong tomorrow, an investor can lose everything. No guarantees at all. I think you are looking at it from the aspect of "invest what you can afford to lose", " nothing is certain in life but death and taxes" "no one knows tomorrow" etcetera. And that's true. But there are low risk and high risk sec regulated investment so it depends on the type of investment you are talking about. I know some people who lost 50% of their capital in equity funds. That's a high risk sec regulated investment. For investment like treasury bill or mmf it is only If all of Nigeria disintegrates due to war or nuclear bomb or something. But that is the worstest of the worst case scenario. Generally, SEC regulated funds are secure because the fund managers, trustees, registrars etc. cannot just up and disappear. There are layers and layers of oversight involved. |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 1:18am On Sep 11, 2020 |
emmanuelewumi: Just trying to play devil's advocate.
I don't have pity for people who are scammed.
A ponzi scheme that is very popular on Nairaland and among the youths will find it very difficult to survive another 9 months, the signs are there for those who care to see it Lol. It's not their fault really. It's easier to see warning signs when you are on the outside looking in. For those inside, what other sign is there than receiving alert on the regular. 10% per month is more attractive than 10% per year. That's why there will always be ponzi. Subconsciously, everyone wants accelerated progress. |
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Business › Re: Fire Guts Access Bank, Victoria Island, Lagos (Video) by Phraences: 1:14pm On Aug 26, 2020 |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 4:02pm On Aug 25, 2020 |
Wow. Like wow. You must be feeling so down to have taken the time to write all this. I can relate. When things are not going the way you expect, it affects you mentally. The future just seems so bleak and dreary and hopeless. You keep on looking back to the past trying to figure where you lost it. I can't count how many times i tell myself to shake off the blues but still anytime my thoughts are not occupied on something like work or entertainment, i feel the shadow lurking around the corner waiting to pounce. I advice u read motivational books, look ahead not behind, forgive your father his BAD decision (From Rome to Nigeria, damn, what was he thinking?) and forgive yourself your shortcomings, don't compare yourself to your mates and accept that you might never catch up (and that's ok) cos this world is not our own and we are just passing through. Life is a journey and not a race. So focus on the good things you have. See life.  It's so easy for me to give someone else advice that i don't implement myself. The best thing for you really would be to see a psychologist or talk to a counselor. It's like you have been bottling this up for a while. I hope and pray you feel better. ositadima1: I flunked through school, my secondary education was a mess, I used to score F's like tomorrow no dey. Always averaging between 40 and 50% . I giraffed and cheated alot. But I was good at math, i learnt math in class, teaching it to classmates some of which averaged 70% and above. In my JSS1 I could remember drawing letters instead of copying from d blackboard, I didn't understand the words formation. To be honest most of my grades in the WAEC (2000) exams were a product of copying from my neighbors. I was also among the pioneers of NECO, anybody that took the exam then knows how freely available the expos were.
The first time I did some work was for my jamb prep. I had to study the whole math, physics and chemistry syllabus with no much prior knowledge. It took me 3 attempts to get in my course of choice (the second attempt was fruitful but I messed up the school choices and so had to re-write). In the uni I tried in the first and second year, then in the rest I went back to my ways, lol, ended with a 2.2. Maybe it would have been 3rd if not for those first 2 years.
I was lucky, after NYSC I got an average job in one of those oil servs, courtesy of my uncle. Now, I am doing same thing, my peers have all left to bigger jobs making lots of $$$ and I am still at my drawing desk, 10 years later. I think I am a mess.
Sometimes, I blame Dad for truncating my life. I did my nursery and elementary school in Rome, Italy. I can remember back then I was among the best in my class, my teachers reports were favourable. In my class I was never discriminated against I felt I was like them, used to have a best friend, Fernando Carissimi. It was not to last, my Dad wanted to return to his country Nigeria, without any practical plans.
Ever since, I have been sinking. What I would have been if we had staid back or relocated to better countries like usa or uk, some families relocated to usa back then, it was easier. I know I am being irrational. I also derailed a thread too. I am depressed. I lack d will to act.  |
Celebrities › Re: Adeherself: I'm In Severe Emotional Pains Since My EFCC Ordeal by Phraences: 8:56pm On Aug 11, 2020 |
knowhowk: Adeherself ,Just herself and no other self .Just be yourself Jare .  |
Investment › Re: Treasury Bills In Nigeria by Phraences: 10:48pm On Aug 10, 2020 |
Donbrig: University degree in Nigeria is highly exaggerated. Most Nigerians doing very well in businesses never went to university. I've personally never seen the four walls of a university classroom in my life, but virtually none of my friends who went to the university is doing better than me today. We should foucus more on vocational institutions, we need more training centres for our local technicians, plumbers, auto-mechanics, welders, fashion designers, carpenters, etc.
It is really heart-wrenching to know that some states in Nigeria today have more than 8 (ill-equipped) universities and don't have any vocational institutions for the youths. Education and Health centres should never be built by govt or individuals for profits, because these are core institutions that have more to do with humanity rather than profits.
The Igbos are one of the most successful tribes in Africa today due to their ability to learn a hand-work or trade, regardless of their background. University education shouldn't really be for everybody, I am not saying it is bad to get a university degree, but you can still excel in life without one. The carpenters, electricians etc in my area usually complain that youths are not interested in apprenticeship anymore. They all want to ride okada or do yahoo yahoo. Every body wants to hit it big and hit it quick. No time to waste time. Somehow, i don't really blame those ones riding okada or keke. To survive you just have to go where the money is. |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 8:48am On Aug 07, 2020 |
freeman67: Permit me to answer this your question with other questions sir.
Please what is the vision, mission and objectives of wrestling, boxing, football, horse racing, car racing, basketball...etc to the viewers and spectators?
How does it affect their lives especially if they are not club owners, members, shareholders or own businesses that it's earning is directly linked to those club and entertainment outlets?
Finally how does it affect people not interested if they skip the channel and change to other areas of interest or refuse to activate the channel entirely. what if they watch and refuse to participate in Big Brother voting? True, it's just entertainment. Personally, I have never seen the attraction. Didn't follow the last one. I intended following the current one purely to see what the fuss was all about but i have still not watched a single episode Maybe it's because i am not a fan of reality TV. Prefer to just watch a movie or series. I still don't understand why Nigerians love it so much to the extent of recharging thousands just to vote. I would have preferred a music talent show like Project Fame having that much popularity. At least, the contestants are showcasing a talent. |
Investment › Re: Treasury Bills In Nigeria by Phraences: 10:37pm On Aug 05, 2020 |
ahiboilandgas: Predict the next user name and win 1k recharge card ...healthserve-conglomet-benzboy-logo benz -Benson and Hedges........fill in the blank space correctly and win recharge card.... |
Investment › Re: Treasury Bills In Nigeria by Phraences: 9:36pm On Aug 05, 2020 |
Ibrahim505: Good to read you are safe! Hope you refrain from such risky venture and i hope you will learn some lessons from your frontiers that are facing the ground above. Stay safe. We need more like him. It's so easy for people who are benefiting financially from Nigeria to forget that people are suffering. Imagine if we didn't have some white people with their privilege at the forefront of black lives matter or if in the old days, no white person like William Wilberforce supported the cause against slavery alongside blacks, the problem would have persisted. He needs to be commended abeg. No be small thing. All the influential 2015 protesters don go sit down. Well done Mr. Ahib. I salute your courage. |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 11:09am On Aug 02, 2020 |
Donbrig: But how long are we gonna keep hiding from the unknown? We just have to find a way to make life more secured for everyone. Sometimes, no matter how much you hide or disguise, your life and that of your family will always be in danger, as long you are doing well in life and the majority of your neighbours are in abject poverty. Danger lurks in unimaginable places. This brings to mind the MD of Maesrk Nigeria that got attacked in Ikoyi. |
Investment › Re: Treasury Bills In Nigeria by Phraences: 7:37pm On Jul 26, 2020 |
@LordAdam16 is saying in summary about African Americans "Your forefathers were enslaved/abused. You were/are abused. We get it. We have all been abused. You are not that special. Get over it and move on." @DexterousOne in summary is saying "That others were abused does not invalidate my pain". " I am locked inside my mind" "I can't break free" "Don't minimize my pain". " My abusers still abuse me" "I can't breathe" "I still can't breath"  |
Investment › Re: Treasury Bills In Nigeria by Phraences: 7:28pm On Jul 26, 2020 |
DexterousOne: Part of the psychological torture was to keep the Confederate flag flying (which should be treasonous btw) keeping those Confederate statues in the city squares and all that
Not to tall of naming American military bases after traitor Confederate generals And The racist in the White House is fighting to keep the status quo instead of aligning with the masses to dismantle all these
It has been centuries of psychological warfare Physical abuse And systemic racism (which btw still continues) Other groups got their reparations (Japanese and the Jews for example) Blacks got nothing
But that's fine Topic for another day
America fine, is a great country
But it has an ugly underbelly As we can all see.
I think we have exhaustively talked about the system role in messing up the AAs
Are the AA blameless?
The answer is NO!
My next post is going to be what the AAs role in the messing up of their community has been Like what role did they play in the current predicament they are in (tho I believe that the systemic racism and oppression is the biggest factor, the AAs themselves have their own fair share of blame) But this one is subject to request As I no wan full here with plenty talk
If a few of us are interested Pls signify or notify
If not We let it rest Na Trump shock me pass. African Americans (the enslaved) in general all agree that the Confederates were supporting slavery and make dem comot their flag. Na only Trump disagree. He is acting like a babalawo or pastor promised him reelection. How can someone be so dogged in their conviction? The black lives matter thing was a brilliant opportunity to win black votes. That he doesn't give a sh*t says so much. |
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Investment › Re: Treasury Bills In Nigeria by Phraences: 3:59pm On Jul 26, 2020 |
emmanuelewumi: If any of them need a corporate bond at 15%, I will invest.
Because SEC would have scrutinized their books, assets of the company and cash flow from the firms will be under the management of SEC appointed Trustees. True. But i fear the regulation might even kill a lot of them including the genuine ones. The proposed rules did not seem favourable to the Agritechs. They even limited how much a retail investor can invest. Most likely, after the SEC regulation, the interest rates will crash to TB rate level. Everybody, back to square one. |