₦airaland Forum

emmanuelewumi:
No wonder they are not happy that some people are investing in fixed income and portfolio Investments.

I know the returns on fixed income is too low, but people will invest in what they understand. They prefer losing money to inflation than investing in what they don't understand or have the time to monitor

My cousin lost N2 million in a digital agriculture investment operated by Menorah farms, I pray he gets his fund. I warned him but didn't listen

donguutti:
Get a domain name... Go daddy, name cheap etc... Cost like $10- 15 max... You can pay by yourself

Setting up a self administered custom email address, would need some kinda hosting.. Long stuff

So I would advise using business email providers, zoho, rackspace, gsuite from google
Zoho has a free tier while others do not, you might even register the domain name with them if you wish

vacanci:
For the sake of correspondences, the 2 monikers below are same person.

GonFreecss1:
Price to Earnings ratio.

emmanuelewumi:
Google investopedia and read up on price earning ratio

GonFreecss1:
PE is almost 10,000 now sir.

Like 9,500 or so.

Hahahahahaha! And some people are still buying.

DexterousOne:
Okay

Let us simplify this thing



Are you saying that a "socialite" by default is a bad business man?


Or being a socialite means that you wont run a successful business?

Grupo:
Lol.

He forgot to tell people that he's from Ákwá Ibom.

So he probably got a slot to work in one of the oil companies operating there.

Now, imagine someone like me, from a remote village in Ebonyi state. My options would be similar to yours. Either be a primary school teacher, secondary school teacher, palm wine tapper or Okada rider.

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.

mayDtolu:
Hello house! I just heard about treasury bill investment but I have some questions bothering me...

(1) Is 2M a good amout to start with? Because I would like to invest for just a year...

(2)How much interest should I expect on 2M?

I need advice on what to invest in that will yield higher interest in a year apart from fixed deposit..

Thanks!

Theconglomerate:
Lol shebi when I said it you all said I'm crazy
It is only old,tired men that invest in all these instruments with mad volume of cash generated while they were our age from the real economy.
When I see all these 2million people here talking investments in fixed income I know that they are really slow in the head
It's better to use that your money and buy a big mercedes so you can look for a rich girl to deceive in your youth than to invest 2m for 200k PA...
Atleast the girl go pay you in the long run
I want see sujimoto or paddy adenuga start talking about buying bonds abi sukuk
Na to rush am go yabaleft ooo

emmanuelewumi:
I wish we have the inner eyes to identify opportunities

Anni3e:
I am not buying behind his back, I would tell him but I am not including his name. Do you know how many times I have told him to buy a land and start a project. He won't, he prefers spending all the money on his siblings.