Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

Real estate, it's high yield investment

ignis:

.

IPC that have crashed since last month.

They are still trading on the MT4 site.

Rubyventures:


They are still trading on the MT4 site.

That is manipulation

ignis:


That is manipulation

If you say so, no problem. I know my money is working for me in IPC.

Rubyventures:


If you say so, no problem. I know my money is working for me in IPC.

Hahahahahahahahahahahahahahahaha

Olivertwist1985:
Borrow me 1million naira,I can give you #30,000 interest per month.

Wat will you do with the money?

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

Good evening Lydia

How's your year going dear

Rubyventures:


If you say so, no problem. I know my money is working for me in IPC.

I hope its still working?
Or has it slept?
Dnt forget another 1 is out COTP
Join so ur money will work again.
As una no dey hear.
Una no wan get sense.
U will see red flags and warnings.
Yet u will join and argue with everyone with claims dat ur money is working. Till u get scammed.
We ar telling all dis scammers promoting cotp dat its a scam now.
They will not hear.
They will be promoting it .
Soon even them will lose.
Withdrawals will close.
App will go on maintenance.

Real Estate sir, I am a realtor and I can help you invest your money in real Estate to make 20% ROI in 6 months and 40% ROI in 12 months, you can mail me reach4vics@gmail.com or WhatsApp 08163283341 to schedule an appointment in our office

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

111P3kdudu:


I hope its still working?
Or has it slept?
Dnt forget another 1 is out COTP
Join so ur money will work again.
As una no dey hear.
Una no wan get sense.
U will see red flags and warnings.
Yet u will join and argue with everyone with claims dat ur money is working. Till u get scammed.
We ar telling all dis scammers promoting cotp dat its a scam now.
They will not hear.
They will be promoting it .
Soon even them will lose.
Withdrawals will close.
App will go on maintenance.

I put my $1200 in with the chance that I might lose it, its from my pocket not yours. Please don't take Panadol for my headache. It my risk not yours.

2O17:
Open an account with either Bamboo or Trove to give you access to investing on the US Stock Exchange Market then buy S&P 500 ETF ($SPY or $VOO) or you could go with $VTI (Vanguard Total Index ETF).

Leave the rest to Compound Interest & let it do its magic.

N.B: Reinvest your Dividends too.

Not as straightforward as that, lol, been on it since 2020 and I am currently on -50% return

This is a myth that does not stand up to scrutiny! This is the kind of ignorance spread around by people who do not understand money.

Between 2015 and 2022, egg had gone up from N20 to N80, diesel has gone up from 160 to 650/700, a new Toyota Corolla that was N5m is now N20m. In 7 years most things have gone up by a factor of 4 in 7 years, I.e 300%. There is no property investment in Nigeria that has done 300% in the last 7 years. You might think your property has appreciated in Naira terms but what can you buy if you sell that property? You will find despite the increase you cannot buy what you could have bought with the money 7 years ago if you did not invest in property.

Let me give you 2 examples of prime property investments over the last 7 years

Examine the price of ikoyi property in 2015 convert to dollars in 2015 and then examine the price of the same property in 2022 and convert to dollars. If you are lucky It has stayed the same!!!! The ones that have stayed the same are the ones priced in dollars the really high end ones, many of the Naira priced properties have gone down if you convert to dollars. You have not gained anything, in many cases the value has gone down!

2) do the same thing for properties in the lekki, Ajah axis you will find the property you bought for $300,000 in 2015 is only worth $100,000 today. A flat you bought for 35-40m in 2015 I.e $200-250k is worth maybe 50-60m today if you are lucky but what is N50-60m? It is less than US100k

I have many friends abroad who brought their money to invest in Nigerian propert market, they are ruined!!! Because their investments are worth in some cases only 1/3rd of what they paid for it.

don’t get carried away with gains in Naira, inflation will destroy all your gains and more!!!!

Learn to stop looking at investments simply in terms of the Naira gain. We are an import dependent economy, so you have to factor the devaluation of the Naira as well as inflation to get a true picture of what your investment will be worth.

People should enlighten themselves, there is nothing worse than working hard and investing and still ending up worse off. That’s what happens when you are ignorant about money in an economy with persistent high inflation and constant currency devaluation like Nigeria

You didn't cover the most important parts, selling your property. How easy is it to convert your property to liquid cash?

If people learn nothing from this thread please understand these 2 things, with all sense of modesty, the information I’m sharing with you below is priceless!

1. Inflation destroys your wealth, any investment that is below the rate of inflation is destroying your wealth or purchasing power. Currently the official inflation rate in Nigeria is 15.6% that is how much less your money is worth every year. At that rate of inflation every 3 years you lose half of your wealth if you do nothing, i.e if keep your wealth in cash!!! This is one reason why many Nigerian pensioners are paupers despite saving and "Investing" all their lives!!! When you invest you have to invest right!!!!

2. Treasury bills/ government bonds are risk free investments currently I believe they are about 16%. It is very important to understand that is how much you are paid for taking no risk!!!! You are paid for not having access to your money for 1 year not for risk because there is no risk of default!! In Nigeria it is 16% in the US it is currently less than 1%. Any private sector investment that is below the risk free rate i.e the rate for govt bonds should be rejected. If a risk free investment pays X% then non risk free investment should pay you the risk free rate X% plus a risk premium of Y%. It is stupid to take on risk and expect a return less than a man who has no risk attached to his investment...not so?

Taking the 2 above you must reject any private sector investment in Naira that is less than 17% ( risk free rate of 16% + 1% minimum risk premium) because not only is it not making you money, you are taking on risk and not getting rewarded for it. How much above 16% is a good investment depends on your risk tolerance level. However the more the offered return is above the risk free rate, the riskier the investment is, including the possibility of losing it all…. common sense should tell you that.... don’t let any smooth talker deceive you. Risk and return go hand in hand!!! the higher the expected return is away from the risk free rate, the higher the probability you can lose all your money!!

Finally do t listen to people who say an investment or return is guaranteed......they are salesmen/women, they will tell you anything to get your money and get their commissions, some of them are on commision only so if they dont bring in new money they dont get paid. The only guaranteed investment is govt bonds tbills etc. every other investment is a risky investment and you must be compensated above the rate for Tbills for taking risk.

TB is 16%?

Born2conquer:

Not as straightforward as that, lol, been on it since 2020 and I am currently on -50% return

Never said it was, but -50% loss on an S&P 500 index fund since 2020?

Ok, I hear you.

2O17:

Never said it was, but -50% loss on an S&P 500 index fund since 2020?

Ok, I hear you.

Not S&P only
Bought some tech stocks too and some useless stocks that went viral during the covid era

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

I've been in your shoes before...

From experience, the best way is to invest in yourself... Notice I said 'invest in' not 'spend on', you're your surest bet.

The thing about investing in yourself is that you get your investment back in high percentages.

Let me paint a scenario so you get me, you have idle funds of 50k and you decide to learn a high-ticket skill with it, high-ticket skill o e.g. Copywriting and your first client pays you $1000 (about 700k), just calculate your return on investment... You'll see it's more than 100% sef

I see from your post, that you don't want to do much and it's very possible with high-ticket digital skills.
I know a lot of them and I'm willing to take you through how to get started.

I don't want this post to be too long, just private message me and we can connect

call me for your naira denominated fixed deposit 08039351524 rates are attached.

Vixx:
Real Estate sir, I am a realtor and I can help you invest your money in real Estate to make 20% ROI in 6 months and 40% ROI in 12 months, you can mail me reach4vics@gmail.com or WhatsApp 08163283341 to schedule an appointment in our office

call me for your naira denominated fixed deposit 08039351524

Borrow me 5,000 inside let me be using as transport to go sit down at Beloxxi factory gate hopefully before the money run out they would have employ me. They pay Bi-weekly, in a month or a month and half I can return it with 2000 interest.

invest in Solar Energy Business https://www.xenergyinvestment.com/

XENERGY INVESTMENT is the right plug-in A secured crowd funding platform to grow your capital with sustainable cash flow of income and good returns on Investment.

This project brings resources of investors to finance projects that benefit people and planet with lasting impact that generate sustainable returns

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

Hello, how do I print this rechargecard myself?

nurudeen181:
print recharge cards yourself and supply to those buying wholesale in your area, save them transport and time..

Dogzoneng:
Hello, how do I print this rechargecard myself?

sorry for the delayed response. i no too get this great platform operation mode.
its very very easy. once you create an account at www.clubkonnect.com and use 081081897780as your referal id. once you are done with creating an account, you can start freed or do you kyc verification. you can just upload funds into your wallet or you can pay a membership fee which gives you more earnings from the company itself by paying 10k annually. to print a recahrge car of anytype, once you account is funded, goto the menu and click on print recharge card, chose mobile network, chose amount, choose quatity and click on generate pin. the pin will be generated and you can save this on your phone and go print anywhere you want. you can generate all network pin any all the amount that is available in the market as much as you want. NB. you will make more from this if you have paid the yearly subscription but you can make #6 on #100 recharge card. for further enquiry, chat me up on that very number.

Thinking of owning a farmland?
Thinking of having multiple streams of income?
Thinking of how to pay your children school fees?
Just plug in to AGROLYFE now.
Agrolyfe gives you an opportunity to be a farm owner, rent it out to farmers which we can do for you and earn Rental income just like a landlord every 90 days. Think of what you can do with a stable additional income every 90 days. No school fees worries, no salary payment worries. Additional source of income you can bank on.
Interested, message Adekemi on 09161505947.

Hi,I'm Ezekiel a fund manager, you can fix your idle funds with us at SAFEGATE MFBANK.@20% per annum or 10% for 6 months we offer the best rates in the banking sector.
We are registered with CAC and licenced and regulated by CBN.All deposits are insured by NDIC.so your fix deposit with us has guaranteed security.
To apply: Fill our account opening form and get your account number.
Fund the account by mobile transfer or cash deposit or manual transfer etc. Fill the fixed deposit form and indicate tenor.
Get investment certificate within 48 hrs.

For more info contact me on 08136770509.
Best regards

Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

I'll recommend poultry business, you made mention of naira - Dollar fluctuation & that's all the more reason to invest in crypto via https://yellowcard.io/ and protect your finances, but since you don't want cryptocurrency suggestions, I suggest you invest in yourself by learning a skill.

Venture into palm oil business. It's a viable business and buyers are always standby to purchase from you.

Looking for good asset to invest on?

A 4 bedroom duplex is available for quick sale.

*All rooms ensuite.
*Good residential area
*Good security estate
*Good electricity
*Good area network

Title: Federal Government Acquisition

Location: Gowon Estate egbeda Ipaja Lagos.

Price: 80m (negotiable)

Contact 09161505947 for video

yinka1839:
Hello... i work with heirs life assurance and we have some investment plan for long and short term. You can contact me for more details. You can also go online to check for heirs life assurance. (07058188555)

Hello!
Trust you're doing great
Want to ask if you still work with Heirs Life Assurance?