Henix:


Branch is a licensed financial firm in Nigeria

Justwise and solumtoya............ Una dey hear so....... I would never put my funds in a ponzi scheme......... 🤣😜🤑

yolkman20:


Thanks for your comment. I've requested and they're due to come in by July 15. But I'm to make first payment by July 1st

Just try and make the payment if they insist. Since you've already explained to them and they insisted, you might just have to swallow it

Lexusgs430:



An account of almost 3 years, at 15-20% APR........ Very far from a Ponzi.........😂

But APR is different from the weekly na. The A means ANNUAL. Na wetin I dey try clarify be that

RalphJean:



How this descended into a Bible-comparison is ridiculous.
Someone shows concern about how the UK is mass-grooming and indoctrinating kids.

If I know , and have counter arguments and valid reasons why it's okay for primary school kids to be told to masturbate if they feel 'konji' hold them.

If I think it's perfectly ok for kids who can't legally drive or drink alcohol or infact get a tattoo to be taught explicit sex and sexuality, and turn biology on its head.

If I think it's okay for kids to determine their own sex and gender and sexual orientation but yet are deemed too young live on their own.

If I think the word "minor" only refers to kids with respect to age but shouldn't be used when discussing kid's gender identity or sexual orientation.

If I think all that is okay and fine.

What I would do write down my arguments and state my point of view.

The weirdest thing to do would be to take my whataboutism to the next level by saying...afterall there are some sexually explicit passages in the Bible.

So what?

NB: I read the Bible and I saw the punishment God meted out on Sodom & Gomorrah
I also read
Proverbs 26:12
Proverbs 3:7
Isaiah 5:21
Etc...

Very disappointing that he chose to bring Religion, Christianity and the Bible into the conversation. Totally not necessary

Solumtoya:


But APR is different from the weekly na. The A means ANNUAL. Na wetin I dey try clarify be that

I am allowed one bad day......... 🤣😂

Lexusgs430:


Justwise and solumtoya............ Una dey hear so....... I would never put my funds in a ponzi scheme......... 🤣😜🤑

so you fit swear say you no put your money for MMM that year...

When I first read that post, I knew it had to be a typo, cos 15-20% per week is textbook definition of Ponzi...I knew you had to mean per annum. Hope you have corrected/edited the post.

Treadway:
so you fit swear say you no put your money for MMM that year...

When I first read that post, I knew it had to be a typo, cos 15-20% per week is textbook definition of Ponzi...I knew you had to mean per annum. Hope you have corrected/edited the post.

I NEVER put money in MMM, MBA FOREX or any similar schemes.........

Correcting it, kills the passion in the conversation......... This thread is like a storybook........... 😜😂

Henix:


Branch has 2 savings schemes, one of them is the one that enables you earn their supposed interest on weekly base. The interest rate is 10% per Annum, meaning that what u will receive every week is 10% divide by 52 weeks.

Their 2nd savings scheme is more like a fixed deposit. They will lock your money for a particular period of time, as instructed by you, and then release both the capital and the accrued interest at maturity. This one attracts 15% interest per annum.

I wouldn't know where the other guy got the information that Branch pays 15% interest per week on a savings plan

I think this is pretty clear now

Lexusgs430:


Justwise and solumtoya............ Una dey hear so....... I would never put my funds in a ponzi scheme......... 🤣😜🤑

I think the confusion started when you mentioned 15-20% weekily.. i got the whole deal now though

justwise:


I think the confusion started when you mentioned 15-20% weekily.. i got the whole deal now though

I am glad we finally arrived at the right conclusion.......... 😂

VictorUSA15:
Ma'am I miss you so much. You are not on the US student travel thread again. We need you there please.

Awww would be nice to visit the thread but life has gotten really busy

Lexusgs430:


Follow who know road o........🤣

Which UK account pays 15 - 20% Apr .........🤣😜

Are you deliberately misrepresenting what I said or is this a joke?

I said some UK savings accounts pay the interest monthly as well, not sure how you could have read that to mean anything about UK rates.

koonbey:


Are you deliberately misrepresenting what I said or is this a joke?

I said some UK savings accounts pay the interest monthly as well, not sure how you could have read that to mean anything about UK rates.

"I think the miscommunication here is that they pay 15 - 20% APR but pay in the profits on a monthly basis. Some accounts do that as well even in the UK."

This was your response........ The main body of content was "15 - 20%" & UK........

Today seems the day of misrepresentation........😜😭

Lexusgs430:


Simply open a branch account (download app), fill all required details, after account is opened, fund account, then transfer money to the investment portfolio.........

Sit back and relax....... Every Monday morning, you receive either 15 or 20% (depending on investment selected).........

The interest you receive, would simply be your salary to family (preserving your capital)....... 😜🤣


https://branch.co/

Do you have referral link?

I'm just hearing about this and my funds have been earning 3.5% average in my various investment platforms. Make I port sharp sharp

Lexusgs430:



They probably stopped offering the 20% Apr rates .........

So I was not too far from the truth...... Would dig out their 20% offering.........

As e don enter Nairaland so, they will stop the 15% before them run bankrupt

Viruses:

Do you have referral link?

I'm just hearing about this and my funds have been earning 3.5% average in my various investment platforms. Make I port sharp sharp

I dey fear to talk about investments, make spambot no go ban me .........

Branch delivers mega......... 15% Apr ...... No UK bank would offer you that....... Been with branch for over 3 years ........ They also offer a MasterCard.........🤣😜

-

Perhaps, these discourse should be thoroughly engaged in parenting in the UK thread
Seems this thread raised areas of concerns: https://www.nairaland.com/7732928/uk-schools-teach-kids-lgbt

Treadway:
... ... E go soon rish the level wey you either pay good money to send your children to a private PROPER school, or tish your pikin by yourself. These people will not rest until they achieve their aim of misdirecting these young and impressionable children.
... ... ![/b]

@justwise

I can see there has been replies already and your confirmation that you got the jerk.

To be honest, there are so many financial institutions in Nigeria quoting magical interest rate. My sister in law who work with an insurance company quoted something to my wife that looks like 50% interest for a 15yrs plan. I told my wife I am not part of it and it’s her decision.

To answer your question, yes you can manage your investment here. Years back my Tbill was processed by my account manager monthly. A good relationship with your account officer will benefit you. You can write to your banks customer care and they will respond with your account officer info as well as get him/her to contact you.

I personally don’t invest in any plan except it is FGN related. This is solely for security reasons. While I like more returns on investment, I don’t ever want to lose my money. I don’t think Nigeria has that financial deposit protection schemes from banks to cater for its customers should anything happen or if the government will reimburse anyone back their money should a financial institution fail in interest. Even in civilized countries, I believe there is a limit to what can be paid back (not too sure), but I doubt if government will pay you back £50m.

If anyone knows about any financial protection scheme for customers in Nigeria to pay back investment if the financial institutions fails, please share this info, as I have a feeling my wife and sister will enter one wrapper in years to come.

Chreze:
@justwise

I can see there has been replies already and your confirmation that you got the jerk.

To be honest, there are so many financial institutions in Nigeria quoting magical interest rate. My sister in law who work with an insurance company quoted something to my wife that looks like 50% interest for a 15yrs plan. I told my wife I am not part of it and it’s her decision.

I personally don’t invest in any plan except it is FGN related. This is solely for security reasons. While I like more returns on investment, I don’t ever want to lose my money. I don’t think Nigeria has that financial deposit protection schemes from banks to cater for its customers should anything happen or if the government will reimburse anyone back their money should a financial institution fail in interest. Even in civilized countries, I believe there is a limit to what can be paid back (not too sure), but I doubt if government will pay you back £50m.

If anyone knows about any financial protection scheme for customers in Nigeria to pay back investment if the financial institutions fails, please share this info, as I have a feeling my wife and sister will enter one wrapper in years to come.

It does not exist...... Caveat Empthor ......😜🤣

Lexusgs430:
[/b]

It does not exist...... Caveat Empthor ......😜🤣

So you are saying my wife and her sister may enter one trouser years to come?

I don’t want to be their issue cos the sister in law No too like me before and she will know it’s me, if my wife fails to pull thru with the deal. I have told my wife to read about it. I don’t invest in any financial services except it’s FGN related. I can’t use my hard earned money to play or gamble. Am doing crypto already (since everybody say na gamble), that’s how far I can go with financial games.

Chreze:


So you are saying my wife and her sister may enter one trouser years to come?

I don’t want to be their issue cos the sister in law No too like me before and she will know it’s me, if my wife fails to pull thru with the deal. I have told my wife to read about it. I don’t invest in any financial services except it’s FGN related. I can’t use my hard earned money to play or gamble. Am doing crypto already (since everybody say na gamble), that’s how far I can go with financial games.

I have not said such ........ They should not invest, what they cannot afford to see varnish.........

What's the investment vehicle called, make we shine light put........

Lexusgs430:


I have not said such ........ They should not invest, what they cannot afford to see varnish.........

What's the investment vehicle called, make we shine light put........

Don’t know the plan name itself as I was avoiding getting involved, but it’s sold by Leadway and she quoted for 10yrs and 15yrs respectively. The 15yrs has almost 50% (if not more than) interest. you can’t withdraw till the end of the plan. I think interest is paid in full at same time too.

I personally don’t invest in anything outside government getting loan from me (in Nigeria) and my wife has known that for so many years. Give me small interest and peace of mind. I won’t even buy if my fav brother is the one introducing me to it. That’s how far I like to stay away from over enticing investment plans.

Lexusgs430:


I have not said such ........ They should not invest, what they cannot afford to see varnish.........

What's the investment vehicle called, make we shine light put........

The funny thing is that leadway has been in the business for year, I remember one of my dad’s friend use to work there in the early 90’s “with their the same Christmas card every year” (white with only camel on the front page).

Even with their years, I am still not convinced that anything above 15 - 20% interest in this global economy will last. I may be wrong.

Chreze:


Don’t know the plan name itself as I was avoiding getting involved, but it’s sold by Leadway and she quoted for 10yrs and 15yrs respectively. The 15yrs has almost 50% (if not more than) interest. you can’t withdraw till the end of the plan. I think interest is paid in full at same time too.

I personally don’t invest in anything outside government getting loan from me (in Nigeria) and my wife has known that for so many years. Give me small interest and peace of mind. I won’t even buy if my fav brother is the one introducing me to it. That’s how far I like to stay away from over enticing investment plans.

Are you saying, the company offering the investment vehicle ......... Is covered by leadway insurance or this investment vehicle, is provided by leadway assurance..........

justwise:


I think the confusion started when you mentioned 15-20% weekily.. i got the whole deal now though

I just think of putting my little thoughts on this discussion.....


If you're good in the capital market, invest the funds in equity market in Nigeria via you are stockbroker.

You will achieve both capital appreciation and dividend payments until some selected listed companies.

Some of us invested in Access Bank shares when it was trading at N6 to N8 with dividend payments of 50kobo to 80kobo per share few years ago.

An investor with 1m units of Access bank at N8 and 800k dividend payment 2 years ago is now getting N1.5m dividend in 2022 dividend payment and capital appreciation to N14 per share currently.

If you're not interested in the capital market, make effort to invest the fund in the FGN bonds (not FGN savings bond) through your stockbroker or through your bank ( l use stanbic ibtc bank).

Some investors with 10m invested in FGN bonds 2050 at 18% yield in 2018 are getting 1.8m bonds coupon payments (900k every 6months) till maturity (2050) and get your 10m back.

There's possibility of increase dividend payments and price appreciations in good profitable companies in stock market ( remember to monitor the quarterly performance of the company) while your capital fund and coupon payments in FGN bonds are static till maturity ( remember inflation and naira devaluations..but this may not affect you much since your giving the funds as your naira charity obligations)

You can decide to be paying your naira obligations with either the dividend payments or coupon payments in the above two scenarios.

For me, l go for the stock market since l know how the stock market works (17+ years in the market).

If you feel like investing in NYSE, some good dividend paying stocks with upto 6-10% dividend yield in the NYSE market exit. You can be using the quarterly dividend payments in dollars, convert it to naira and settle the naira charity obligations.

Many ways to play the card....

rinzylee:


Thanks boss

See am. Or you've been able to book one?

justwise:


Tell me more about this.. I want to put my Nigerian bank account into good use rather than payroll system for relatives

lol @payroll system, pillar of our african culture

Viruses:

Do you have referral link?

I'm just hearing about this and my funds have been earning 3.5% average in my various investment platforms. Make I port sharp sharp

ALways remember, high interest equals higher risk. Doing due diligence on would be great. Invest money you can afford to lose. btw that 3.5% in not bad o.

Lexusgs430:


Are you saying, the company offering the investment vehicle ......... Is covered by leadway insurance or this investment vehicle, is provided by leadway assurance..........

The investment is provided by Leadway assurance. Most companies in Nigeria are branching into different areas. I don’t think there is any one company product again. They all offer different products. With promising percentage interests. Sometimes I wonder if they have tried the product for years or they just want to use customers money for trial.

ukay2:



I just think of putting my little thoughts on this discussion.....


If you're good in the capital market, invest the funds in equity market in Nigeria via you are stockbroker.

You will achieve both capital appreciation and dividend payments until some selected listed companies.

Some of us invested in Access Bank shares when it was trading at N6 to N8 with dividend payments of 50kobo to 80kobo per share few years ago.

An investor with 1m units of Access bank at N8 and 800k dividend payment 2 years ago is now getting N1.5m dividend in 2022 dividend payment and capital appreciation to N14 per share currently.

If you're not interested in the capital market, make effort to invest the fund in the FGN bonds (not FGN savings bond) through your stockbroker or through your bank ( l use stanbic ibtc bank).

Some investors with 10m invested in FGN bonds 2050 at 18% yield in 2018 are getting 1.8m bonds coupon payments (900k every 6months) till maturity (2050) and get your 10m back.

There's possibility of increase dividend payments and price appreciations in good profitable companies in stock market ( remember to monitor the quarterly performance of the company) while your capital fund and coupon payments in FGN bonds are static till maturity ( remember inflation and naira devaluations..but this may not affect you much since your giving the funds as your naira charity obligations)

You can decide to be paying your naira obligations with either the dividend payments or coupon payments in the above two scenarios.

For me, l go for the stock market since l know how the stock market works (17+ years in the market).

If you feel like investing in NYSE, some good dividend paying stocks with upto 6-10% dividend yield in the NYSE market exit. You can be using the quarterly dividend payments in dollars, convert it to naira and settle the naira charity obligations.

Many ways to play the card....

This is very good. Sound so much like someone I know. I mentioned FGN savings bond because the person whom I quoted (original post) wanted something of 1yr. FGN bond is my favorite all time because you don’t require any financial knowledge to invest and get returns. It’s easy and direct. Plus you don’t get taxed. Stock market requires you following up with quarterly or biannually reports to know if you are on track (my thought from afar).

I fell off FGN bond in 2018 when the interest rate became lower. I guess I was blinded by late 2015 and early 2016 rates. But at the minute i believe it will be profiting (15 - 20%) if going for 20 - 30yrs as you have drawn. otherwise, it’s back to the 11% drawing.

Chreze:


Don’t know the plan name itself as I was avoiding getting involved, but it’s sold by Leadway and she quoted for 10yrs and 15yrs respectively. The 15yrs has almost 50% (if not more than) interest. you can’t withdraw till the end of the plan. I think interest is paid in full at same time too.

I personally don’t invest in anything outside government getting loan from me (in Nigeria) and my wife has known that for so many years. Give me small interest and peace of mind. I won’t even buy if my fav brother is the one introducing me to it. That’s how far I like to stay away from over enticing investment plans.

Why not invest the money in real estate and resell after that 15yrs

For the Leadway, is it 50% per Annum, or 50% ROI for the whole 15yrs? I hope she factored in the rate of inflation in Nigeria while making such a long term investment decision shaa