₦airaland Forum

As the year comes to an end, I think its important to do a year end review of your finances, to identify startegies that helped you grow your savings and investment

For me I started exploring REITs this year and my savings grew significantly, also bought a land this year, dabbled with stocks, Mutal funds, fixed deposit, and hight yield saving aacct.

So far I have done close to 10m in savings and investment, although I ended up spending more than I planned in Dec almost 650k

Let's have you share yours.

baba4thegehs:
As the year comes to an end, I think its important to do a year end review of your finances, to identify startegies that helped you grow your savings and investment

For me I started exploring REITs this year and my savings grew significantly, also bought a land this year, dabbled with stocks, Mutal funds, fixed deposit, and hight yield saving aacct.

So far I have done close to 10m in savings and investment, although I ended up spending more than I planned in Dec almost 650k

Let's have you share yours.

good initiative keep it up

adeoyekay:
Nothing

I am even owing loan app 8k

The trajectory of your life can change in 1year

And that year is 2024.

Don't give up.

baba4thegehs:
The trajectory of your life can change in 1year

And that year is 2024.

Don't give up.

Thanks sir

I claimed this in Jesus name

I made 31million naira this year alone.

And I invested most of it on land,shops and my parents house.

Nice2023:
I made 31million naira this year alone.

And I invested most of it on land,shops and my parents house.

Wow! That is awesome! Where did you secure the land at?

baba4thegehs:
Wow! That is awesome! Where did you secure the land at?

My village,Abuja.

Time to lie


I save 100 million this year😐

baba4thegehs:
As the year comes to an end, I think its important to do a year end review of your finances, to identify startegies that helped you grow your savings and investment

For me I started exploring REITs this year and my savings grew significantly, also bought a land this year, dabbled with stocks, Mutal funds, fixed deposit, and hight yield saving aacct.

So far I have done close to 10m in savings and investment, although I ended up spending more than I planned in Dec almost 650k

Let's have you share yours.

Please just send me money thank you or send job links so l can start saving too

Nice2023:
I made 31million naira this year alone.

And I invested most of it on land,shops and my parents house.

How did you make the 31 million?

Lamanii22:
Please just send me money thank you or send job links so l can start saving too

You need an in demand skill to earn a decent income.

Lamanii22:
How did you make the 31 million?

I buy and resell lands,lend money with my cooperative.

baba4thegehs:
As the year comes to an end, I think its important to do a year end review of your finances, to identify startegies that helped you grow your savings and investment

For me I started exploring REITs this year and my savings grew significantly, also bought a land this year, dabbled with stocks, Mutal funds, fixed deposit, and hight yield saving aacct.

So far I have done close to 10m in savings and investment, although I ended up spending more than I planned in Dec almost 650k

Let's have you share yours.

How much did one invest and not savings.

Imagine if you have #100,000 in your account in January this year,by now the value would have dropped to #30,000.

coputa:
How much did one invest and not savings.

Imagine if you have #100,000 in your account in January this year,by now the value would have dropped to #30,000.

Yes,there is devaluation of naira but not to this level now.

baba4thegehs:
As the year comes to an end, I think its important to do a year end review of your finances, to identify startegies that helped you grow your savings and investment

For me I started exploring REITs this year and my savings grew significantly, also bought a land this year, dabbled with stocks, Mutal funds, fixed deposit, and hight yield saving aacct.

So far I have done close to 10m in savings and investment, although I ended up spending more than I planned in Dec almost 650k

Let's have you share yours.

Hi , Good to see this , Well done

Just a quick one , which of the App are you using to invest in REIT ? Risevest ?

abraolas1:
Hi , Good to see this , Well done

Just a quick one , which of the App are you using to invest in REIT ? Risevest ?

Yes, I use risevest for REITs and ARMOne app for stocks trading and Mutual Funds

coputa:
How much did one invest and not savings.

Imagine if you have #100,000 in your account in January this year,by now the value would have dropped to #30,000.

I hold majority of my investments in dollor denominated investments.

Also my fixed deposits aren't doing so bad, Vbank gives about for 16% pa.

Credpal does over 24% per annum.

So even when the exchange rate goes up you'd still have a decent earning.

Better than putting your funds in a regular savings account.

300k

As things increase I had a drop down from my 700k saving last yr

I tried saving but at the end it was the money that was saving me

baba4thegehs:
I hold majority of my investments in dollor denominated investments.

Also my fixed deposits aren't doing so bad, Vbank gives about for 16% pa.

Credpal does over 24% per annum.

So even when the exchange rate goes up you'd still have a decent earning.

Better than putting your funds in a regular savings account.

Can you please share your experience investing with CredPal?

Any investment that can give you as much as 20% per annum is relatively better than land banking or buying properties.

Stay away from lands, or building houses if your in your last 20s and 30s.

Put your money into an investment and let it compound for a 5- 10 years horizon you will have enough money to buy a house.

Avoid land banking it's a money trap!

That land or property value can only increase by 5% annually maybe less.

Invest Commercial Papers, Stocks and Fixed Income Deposit

yourstruly5:
Can you please share your experience investing with CredPal?

Credpal have been around for about 5-6years now, they've morphed into a robust financial platform.

Their rates is very competitive and so far I've not had any issue with them in terms of payments and returns.

You can access loans, invest and request for credit cards on the app.

Still using them up till now 2025

baba4thegehs:
Any investment that can give you as much as 20% per annum is relatively better than land banking or buying properties.

Stay away from lands, or building houses if your in your last 20s and 30s.

Put your money into an investment and let it compound for a 5- 10 years horizon you will have enough money to buy a house.

Avoid land banking it's a money trap!

That land or property value can only increase by 5% annually maybe less.

Invest Commercial Papers, Stocks and Fixed Income Deposit

The land I bought during covid for 4.9million...I sold it 16.5m last year.

The land I bought two years ago for 9.5million paid agency 5% and today the land is worth 30million.

I bought a shop for 1million after Covid 19 today,the shop is selling for 13million but I refused to sell.

U see land,buy strategically and avoid buying for long term purpose. Buy and sell between 1 to 2years if possible.

Wise talk ..u nailed it ..it help me ..am a living testimony to it .

baba4thegehs:
Any investment that can give you as much as 20% per annum is relatively better than land banking or buying properties.

Stay away from lands, or building houses if your in your last 20s and 30s.

Put your money into an investment and let it compound for a 5- 10 years horizon you will have enough money to buy a house.

Avoid land banking it's a money trap!

That land or property value can only increase by 5% annually maybe less.

Invest Commercial Papers, Stocks and Fixed Income Deposit

ibechris:
The land I bought during covid for 4.9million...I sold it 16.5m last year.

The land I bought two years ago for 9.5million paid agency 5% and today the land is worth 30million.

I bought a shop for 1million after Covid 19 today,the shop is selling for 13million but I refused to sell.

U see land,buy strategically and avoid buying for long term purpose. Buy and sell between 1 to 2years if possible.

I think what he his trying to say is that any investment that can give a return of atleast 20% per annum should be invested into be it land, bond, stock or agro-commodity rather that dipping hands in a house you will build for years struggling.

emmaodet:
I think what he his trying to say is that any investment that can give a return of atleast 20% per annum should be invested into be it land, bond, stock or agro-commodity rather that dipping hands in a house you will build for years struggling.

That isn't what he said and I wouldn't want to say more than what I have said here above.

ibechris:
The land I bought during covid for 4.9million...I sold it 16.5m last year.

The land I bought two years ago for 9.5million paid agency 5% and today the land is worth 30million.

I bought a shop for 1million after Covid 19 today,the shop is selling for 13million but I refused to sell.

U see land,buy strategically and avoid buying for long term purpose. Buy and sell between 1 to 2years if possible.

I like the idea of positioning strategically and identifying investment opportunities, particularly those you have highlighted, as they seem quite promising, although I recognize that they may not be readily available to all investors.

It is also worth noting that while some real estate companies currently offer land at seemingly attractive prices, the potential for significant value appreciation within a five-year timeframe may be limited. Consequently, the mass market might gravitate towards these options, as evidenced in areas like Epe, Ikorodu and its surroundings, rather than pursuing more potentially lucrative investment avenues.

emmaodet:
I think what he his trying to say is that any investment that can give a return of atleast 20% per annum should be invested into be it land, bond, stock or agro-commodity rather that dipping hands in a house you will build for years struggling.

Exactly.
Do you know most banks and financial institutions would rather lease properties that buy them outrightly?

I agree that there are some crazy returns you can do on a properties, but they aren't accessible to everyone.

NovaraPacks:
Love this question about savings. I invested some thousands in stock about a year ago and i was able to get double of it when the stock rose

That sounds great.

Local or foreign?

Which of the stocks did you purchase?

I bought MTN, Transport GTB and FTN Cocoa, but I haven't made any significant returns yet.

Do you buy and hold for a year, then sell when price increases or you generally trade short term and sell when price increases?