₦airaland Forum

emmasoft:
REMEMBER THIS:
Make more money than you spend, grow/invest more money than you need, be intentional and consistent about it. The end result is financial freedom

To add to it... As you are buying stocks try and be rebalancing your PORTFOLIO with SOUND FUNDAMENTAL DIVIDEND PAYING STOCKS maka had I known

ojeysky:
With their new OS, I don't think they will be able to.pay that much going forward a 2naira dividend won't be bad at current price

It'll be lovely... Just saying their business can improve in the future and they might begin to graduate dividend sum.. they also hold shares in companies and I believe that this bull run will boost their profit. Not sure if they trade in shares or just hold though

megawealth01:
You gained weight just look for somewhere else and keep the money moving

yes sir my big boss.

Princkez:
yes sir my big boss.

I hope you keyed into REDSTAR at sub 9 and CI LEASING at sub 4?

Umehj88:
I'm not joking oga if you have anyone in benin tell the person to go to MM way in benin and ask for ellah lakes office they would send you this exact picture. I was in benin over the weekend

e dey Murtala Mohammed way E far from saidi hotel?

With all the computation you did, you didn't put time value of money or use exchange rate then & now to know the true worth of the investment.

unite4real:
Boss they did o.

2008 stock splits
2010 stock split and bonuses
2011 stock split
2012 stock split
2025 you know they have started too.

From 2005 they were consistent with dividend until 2014.
They paid a cumulative total of around N25 during the period.

Let's do the maths.

Holding 10,000 units 20 years ago at N97.50 amounts to N975,000

Fast forward to today
10,000 X 3 = 30,000 bonus and split
This units multiplied by current price of N54.20 = N1,626,000

Dividend of N25 multiplied by prorated number of units during the period should not be less than N600,000

By the time the dividend amount is added we get the picture.

By the way I do not own oando and never wished to.

SonofElElyonRet:
If building wealth feels impossible, you're not alone — especially when you're just getting started. But according to late billionaire investor Charlie Munger, the key to getting rich isn't chasing millions or betting big on the next hot stock. It starts with a single, stubborn goal: get your hands on $100,000.

"I don't care what you have to do," Munger said back in the late 1990s. "If it means walking everywhere and not eating anything that wasn't purchased with a coupon, find a way to get your hands on $100,000."

He admitted that it's a brutal milestone. "The first $100,000 is a b*tch, but you gotta do it," he said.

To be clear, Munger wasn't talking about letting it sit in a checking account. He meant invested — put to work, compounding over time. Once you cross that threshold, he argued, wealth starts to build on itself. You don't need to hustle harder—you just need to be consistent, stay invested, and let the math do the heavy lifting.

And he wasn't wrong.

For someone earning an average income and managing to invest $10,000 per year, it could take close to eight years to hit that six-figure target if they're earning around 7% annually—roughly in line with long-term stock market returns. But after that, something shifts. With $100,000 invested and compounding, earning just 7% per year could turn into $200,000 in just over 10 years. Stay the course, and it could snowball to more than $1.4 million in 40 years.

That's the power Munger was talking about. Not magic. Just compound interest—amplified by time, discipline, and not losing your nerve.

It's also psychological. Many financial experts agree the $100K mark is not just the hardest financially, but mentally. It's the point where habits are formed, consistency gets tested, and lifestyle choices often have to be reconsidered. Hitting that first benchmark means cutting back, avoiding shortcuts, and often working harder for longer than feels fair. And that's exactly why Munger emphasized it.

The challenge is even steeper today. Adjusted for inflation, $100,000 in the late '90s would be closer to $190,000 today. But the principle still holds. Getting to your first six figures is a financial boot camp—one that trains you for everything that follows.

Munger didn't just toss out this advice casually. He lived it. Alongside Warren Buffett, he built one of the most successful investing empires in American history—by focusing on fundamentals, patience, and math over hype and shortcuts.

So is Munger right? Absolutely. Whether it takes five years or fifteen, getting that first $100,000 invested is still the hardest — and most important — step to building real wealth. The rest may not be easy, but it's a lot smoother once the compounding kicks in.

And as Munger said, no matter how hard it is: "You gotta do it."

For those still trying to hit that milestone, there are a few consistent patterns seen among people who make it happen. While everyone's situation is different, some tend to build toward that first $100,000 through a mix of high savings rates, side income, or long-term investing in low-fee index funds that have historically mirrored the S&P 500's average return of around 7% annually. Others explore interest-bearing accounts like CDs, which at times have offered yields between 4% and 5%, though they lack the compounding growth potential of equities over longer time horizons.

Munger himself famously said the Munger family only held about three stocks—emphasizing concentration, not chasing dozens of investments. His philosophy was less about outsmarting the market and more about sticking to what you understand and holding firm.

In the end, whether it's slow, boring, or brutally hard, the $100,000 goal isn't just about the number—it's about proving you can do hard things consistently. And once that's done, as Munger promised, it gets better.

Hmnn, nice read. But in our Nigeria's term and economy, what can 100,000USD translate to in naira?

Can we say 10 million naira? Or same 100k USD applies?

SonofElElyonRet

Bizibi:
e dey Murtala Mohammed way E far from saidi hotel?

ELLAH operates AUDIO OFFICE

megawealth01:
ELLAH operates AUDIO OFFICE

I will see for myself........

What does this mean for the stock. I have some units there, not much

KarlTom:
Ol'boy

https://doclib.ngxgroup.com/Financial_NewsDocs/44499_IKEJA_HOTEL_PLC-IHPLC_-SEC_FORESIC_AUDIT_FINDINGS_CORPORATE_ACTIONS_JULY_2025.pdf

megawealth01:
ELLAH operates AUDIO OFFICE

I agree with you.

Umehj88:
I'm not joking oga if you have anyone in benin tell the person to go to MM way in benin and ask for ellah lakes office they would send you this exact picture. I was in benin over the weekend

Is not about noise. I have never been to that place or sent anyone. I swear on my fathers grave.
Oga if you are sure of what you sent here and went personally yourself .I will bet 1 million to anyone to come prove him/her wrong.
If you can't just for ever keep quiet. He has provided an address of this building.
Pls when was this picture.They are insiders marketing the scam and some live in Benin
We have integrity as Obidients..lol

megawealth01:
ELLAH operates AUDIO OFFICE

Here comes the new slogan, "Audio office"


I hope the guy do video of chuka mordi and Ben in that office he saw..

Locotrader:
I am aware of your N3 purchase.
Sometimes one can throw in big money in averaging up than the initial purchase.

Earlier I bought only 5m units at below 4.50 and the additional 14m plus were purchased at above N5 and above N6.

I expected you to average up more volume than your initial purchase but your reply looked like Ci leasing is one of those junk stocks you have been buttressing

what are your target price,every thing has a price

SohSoh:
Ellah Lakes might be a scam or phony company

All the pictures of ellahlakes on the internet are digital, and not real, there are no pictures or videos of or from the business operations or behind the scenes, assets or equipments, used by the company.
Using dangote Refinery as an example we have seen pictures and videos of and from the refinery.

Cutix I've seen there product in the market.

Also in 2020 Ellah Lakes had zero revenue ... the company might be a scam...

and before alot of you are quick to argue... there is the case of " Dozy Mmobuosi " (read about it) of " Tingo Foods" that faked a company like Ellah Lake and listed it on NYSE

Ellah Lake might be a phony company or scam company ....

For your mind now, you think you are smart, I don't think so, were you not alive when someone like u organise a Q&A session with the CEO? Let say u were not wise enough to come n ask the questions disturbing your mind atleast he gave the address of the farm which you can listen to online with 500 data.

You would have make a lot of sense saying you went to the farm and discovered everything said by the CEO is lie. Hence, you can establish the tinko guy relationship.

Logically, you guys are contradicting each other based on tinko comparisons.

Ellahlakes gave the complete address where the operations are taking place did tinko do that? Instead u were carried away by tinko big packaged office.

Did tinko guy grant interview that allow shareholders ask questions?

You are a joke...

SonofElElyonRet:
Hi. Sorry I do it the old school way.. I call up my broker and place an order..

do you sell the same way

Locotrader:
It's good as he asks.
I remember one time I transfered money from my business account that bears my company name into my brokers account and want them to credit it to my personal account.
Nna eeh! Na war oooo.
Na so I come begin beg for my money.
Finally it was credited after 3 days of words exchange.

I didn't ask question before doing that.

Apparently your business account is as good as a "third party" account; your business is a different entity from you.

His questions are welcome. I am just stating that I answered from experience, as he demanded and not a guesswork.

On the street, the name sohsoh means
"omo Ase"
If you are, we are not.

megawealth01:
I hope you keyed into REDSTAR at sub 9 and CI LEASING at sub 4?

No sir..funds wasn't available at that time,nah ellahlakes I load and NAHCO, but no regrets because one can't be in all stocks.

unite4real:
Boss they did o.

2008 stock splits
2010 stock split and bonuses
2011 stock split
2012 stock split
2025 you know they have started too.

From 2005 they were consistent with dividend until 2014.
They paid a cumulative total of around N25 during the period.

Let's do the maths.

Holding 10,000 units 20 years ago at N97.50 amounts to N975,000

Fast forward to today
10,000 X 3 = 30,000 bonus and split
This units multiplied by current price of N54.20 = N1,626,000

Dividend of N25 multiplied by prorated number of units during the period should not be less than N600,000

By the time the dividend amount is added we get the picture.

By the way I do not own oando and never wished to.

Thanks for this info and break down. It adds a new dinensiona to the discussions about Oando.

Princkez:
No sir..funds wasn't available at that time,nah ellahlakes I load and NAHCO, but no regrets because one can't be in all stocks.

💯

mikeapollo:
Thanks for this info and break down. It adds a new dinensiona to the discussions about Oando.

Oando no bad na Wale style be the ish

megawealth01:
ELLAH operates AUDIO OFFICE

that town na funny place,em fit use person company name run people street. That picture is around third east circular side,na ghetto be that and the sites says ihama,GRA.
I will be in Benin end of the year na the ihama I go check, it is not far from my house.

A summary of activities in yesterday's trading session, as well as stocks that could be in play today


https://www.youtube.com/watch?v=uxQyhJIMrnU

Bizibi:
that town na funny place,em fit use person company name run people street. That picture is around third east circular side,na ghetto be that and the sites says ihama,GRA.
I will be in Benin end of the year na the ihama I go check, it is not far from my house.

You get time na... ELLAH operates AUDIO REALITY

The problem some persons here have is over sabi when they know nothing

I ignored a lot here from 2023 because to me they are ignoramus and childish. One tried dragging me but I displayed high level of maturity

Imagine one person trying to shame ELLAH and CHUDI with many monikers. Las las once ELLAH and other "useless stocks" get things right the same person will claim he entered when the numbers started showing and be asking for FA and asking senseless questions for GUIDANCE

I was banned some minutes ago because of the scam called farm
If you are in that stock be wise.Anyone marketing the stock and live in benin is part of the game.Any claimed audio billionaire recommending dead businesses and junk stock Is never real. The ngx is just thr daily shop.The true billionaire I know don't have such time to be wasting daily. They are never after our little change. They usually have thr time occupied with bigger things .


On different note my 1 million naira bet still stand to prove that the guy posted fake picture
I you saying the pic is AI generated
I you saying the guy went and made flex and went to hand on someone building to take picture.To what end will he/she go that length when he is not jobless

Bizibi:
e dey Murtala Mohammed way E far from saidi hotel?

Madam I beg you go and verify and let know the kind people on this thread

We are ending this week at 8.77
The week is 10% all through.
What a wonderful week.
We are breaking N10 next week
Might also end next week at 14.13
Dr Maduka is not smiling at all.
He is a very rich man and needs to take his company to the Forbes list


The sea is 🔵

Streetinvestor2:
Madam I beg you go and verify and let know the kind people on this thread

na the GRA own I go check fess. Anytime I enter Benin na there I go check. I no fit believe say company like that go dey inside ghetto with that nonsense signpost. Third east circular for that matter.....

You mean Mr. Hewett Adegboyega Benson is white?

abuhusna1:
The only reason I wont belief Ellah lake is function from that hut head office is the recently signed white man.