I Just Got My Inheritance; I Need Your Advice - Business - Nairaland
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| I Just Got My Inheritance; I Need Your Advice by Boogiebee: 2:12pm On Jan 23, 2022 |
Hello Nairalanders, So straight to the point. Please I need your advice about two things. 1. I just got my inheritance and I got cash of 8M and there's this popular belief of people squandering their inheritance,I don't want that to be my portion so which business can I invest it into. For context, I currently have a job and I'm not ready to quit so please put that into consideration. 2. My younger brother is still a student so he has asked me to save his portion of 6M in bank until he graduates but I don't think that's a good idea. I would rather he put it in some form of secure investment that will be yielding something. Kindly give us suggestions. May the soul of my beloved Father continue to rest in peace. Amen 407 Likes 31 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Boogiebee: 2:13pm On Jan 23, 2022 |
Moderators, kindly help push this to the first page. I need all the advice and suggestions I can get. Thanks Edit Thanks to the mods who pushed this to the front page #grateful. Thank you all for your kind words and advice. I have taken my time to go through them all and I will definitely be looking into some of them. For those with the opinion that I should continue my father's business, unfortunately he was not a business man. He was a man who worked for 35 years and retired at the apex of his career. So yeah..... PPS : Please let the investment emails stop biko. I am not interested. PPPS: Why y'all calling me bro? 35 Likes 7 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by gasparpisciotta: 2:15pm On Jan 23, 2022 |
Please don’t be in a hurry to invest and be careful with all manner of get rich sooner than soonest schemes. Approach a reputable stock brokering house to guide on buying share of blue chip companies 273 Likes 20 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Jestin: 2:15pm On Jan 23, 2022 |
Use the money to jakpa. 160 Likes 8 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by adeprof18(m): 2:16pm On Jan 23, 2022 |
I don't have much to say about you and your 8mill, but my advice is you open a dollar account for your bro and save his 6mil there for him, when he is sure of any investment in future, he can do whatever he likes with the money 590 Likes 35 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Unibenfucker(m): 2:18pm On Jan 23, 2022 |
adeprof18: And what happens when the dollar crashes by this year ending 89 Likes 9 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Animegirl(f): 2:19pm On Jan 23, 2022 |
53 Likes 2 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by AVECDEO: 2:23pm On Jan 23, 2022 |
Unibenfucker: Even sef! You can never peer dollar with naira in terms of value. Are you African...do you live on the continent.? 212 Likes 8 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by AVECDEO: 2:27pm On Jan 23, 2022 |
Please go and develop a rental property and rest...business and 9-5 no dey too corollate another business...na chop dem go dey chop your money. 103 Likes 10 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Jestin: 2:30pm On Jan 23, 2022 |
Animegirl: 3 Likes 5 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Unibenfucker(m): 2:32pm On Jan 23, 2022 |
AVECDEO: There's no brainer that by this year ending September , there would be a little apprection in the naira. Once dangote starts refining. Aren't you aware they just completed the mechanical works on the refinery. The fertilizer part has started producing fertilizer since last year. This September,the refinery would kick off 35 Likes 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by adeprof18(m): 2:48pm On Jan 23, 2022 |
Unibenfucker:Anything could crash, crypto, naira or any investment. But saving in dollar will be better IMO 135 Likes 3 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by chocboi78(m): 3:13pm On Jan 23, 2022 |
Consider your fathers line of business that made him able to leave inheritance for you the offsprings 400 Likes 21 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by CaptalnMitch: 3:19pm On Jan 23, 2022 |
I have sure 2odds you can be staking some of your inheritance on 54 Likes 8 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by deltateam: 3:36pm On Jan 23, 2022 |
gasparpisciotta: Shares are outdated. They are worth peanuts. Their era is past. Although I support you saying he shouldn't be in a hurry I suggest putting his brother's portion in fixed deposit. 160 Likes 5 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Afuye1(m): 3:41pm On Jan 23, 2022 |
Invest in mutual funds it will yield good dividends every month. Make enquiry about it and you'll be glad you did. Ask banks about the stuff. You can also withdraw your money at any time. It will be a good investment for your Broda too. 15 Likes 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by chillex8(m): 3:43pm On Jan 23, 2022 |
CaptalnMitch:  10 Likes |
| Re: I Just Got My Inheritance; I Need Your Advice by PrinxArthur1(m): 4:08pm On Jan 23, 2022 |
Boogiebee:just buy bond, it is the safest long term investment in Nigeria with guarantee 50 Likes 5 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by silibaba: 4:26pm On Jan 23, 2022 |
Boogiebee: If you like put it in bitcoin Progidal son, loading 15 Likes 3 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Nitah1: 4:46pm On Jan 23, 2022 |
Use that money 6+8=14m is enough for you and your bro can use that to escape this hell of Fulani republic. 56 Likes 3 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by IjapaTiroko: 5:26pm On Jan 23, 2022 |
. First, if you are not business inclined, DON'T do any business, just stick to your job. But if you are business inclined, travel round, make thorough investigations (if possible, do boy-boy [internship] in the business market), then invest in the business. (I'll advise food or electronic business sha) Second, avoid investing any amount in naira in any financial institution in Nigeria because naira loses value super fast these days of Buhari. Instead, you may invest your brother's 6m in buying US Dollars, Euros, British Pounds, and Chinese Yuan because these are stable currencies that doesn't lose value sharply like naira does. You can do this ONLY through a Nigerian bank. NEVER visit a bureau de change cuz they may give you fake or expired currencies (Yes, currencies do expire, especially Western currencies). Open the different accounts and keep the currencies in them. Or you could buy solid minerals like gold, diamonds, etc and keep them WITH your bank. You may ask your bank for advise about this. But NEVER hold any currency investment in Naira, or any other unstable currency. Third, IF (and only if) you have interest in migration, and age is on your side, you can migrate to any economically growing Western country (North America or Western Europe). With 8m, you should migrate now before naira falls further. You can go further studies or for migration proper. 128 Likes 13 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by 007s(m): 5:40pm On Jan 23, 2022 |
Convert to dollars and deposit in a dorm account till further notice. ....if you don't have any use for it right now.... If you are going to invest , invest in a dollar denominated security.... 34 Likes 3 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by 007s(m): 5:42pm On Jan 23, 2022 |
Unibenfucker:Dollar crash with 15% inflation rate in Nigeria and 2% in USA.....forget it no dollar is crashing 66 Likes 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by rainlover(m): 6:09pm On Jan 23, 2022 |
Might be a good time to buy BTC and hold. Don't ever make the mistake to invest your money with anybody. You can start blogs in different EVER GREEN NICHES targeting audience from the tier 1 countries. With your money, you can hire good writers from Nigeria and also run social media campaigns to promote your blog. In 2 years time, you will be glad you did. 9 Likes 3 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Maks27: 6:33pm On Jan 23, 2022 |
Kindly help me with 50ksir 2 Likes 2 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:51pm On Jan 23, 2022 |
CaptalnMitch:lolzzzzzz weti de worry some of una sef? 30 Likes 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:52pm On Jan 23, 2022 |
silibaba:Jealousy 1 Like |
| Re: I Just Got My Inheritance; I Need Your Advice by Nobody: 6:52pm On Jan 23, 2022 |
Go into cosmetic biz. Very lucrative and you don't need much capital to start even if you decide to start big. Save the remaining while you live off the the proceeds from your cosmetic biz which will begin to yield in no time and from it you keep expanding. You can open a drugstore by the side. Drugs sell fast too. Thank me later. 5 Likes |
| Re: I Just Got My Inheritance; I Need Your Advice by oshonwambada: 6:55pm On Jan 23, 2022 |
Boogiebee:Just fix the money in a fixed deposit account and continue with the work u are doing at the moment.Dont take any advice from anyone here at the moment and if u are too eager to invest,just look for a nice area and secure like 3plots of landed property. 44 Likes 7 Shares |
| Re: I Just Got My Inheritance; I Need Your Advice by Nobody: 7:05pm On Jan 23, 2022 |
Boogiebee: 1. Use 2million buy 2 plots or even 1 plot of land. 2. Invest 1million in crypto. 3. The remaining 5m, just forget it in your bank account. 35 Likes 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by vintageviniba: 7:47pm On Jan 23, 2022 |
Hello Boogiebee!! You can actually invest in buying of Nigerian Used cars and reselling them... i know you dont know about this car dealer thingy.. you can call me or WhatsApp:07053479654... if only you are interested.. I am a car dealer and i can put you through. 1 Like 1 Share |
| Re: I Just Got My Inheritance; I Need Your Advice by DemMannaScam: 7:50pm On Jan 23, 2022 |
Wretched payoneer thief dey advice person Wonders shall never end Meanwhile your USELESS mama remains an idiot, a CURSED idiot. [s] Nitah1:[/s] 5 Likes |
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