₦airaland Forum

chiefolododo:
With good companies , you are covered, don't put your egg in one basket

Telecommunications (25% of your money) e.g Mtn, Airtel

Bank (25%) e.g Gtb, Zenith

Oil and Gas e g Dangote (25%)

Food and or pharmaceutical industries 25%

All of them cannot go bad at the same time.

Stock is better than both land and bank
, owning land isn't bad it just that you might not find buyer at the time you want

Mmm.

Ibechris2:
One reason I won't advice u to buy land and keep is because of Omonile menace in that region. U may buy today,another day someone would start claiming ur land as his or even build up ur space.

U are too young to waste such money now.

For me,move that money to mutual fund no matter how small it is.

Bank is a no no for me.

kindly shed more light on this mutual funds, and which bank own is the best.

professore:
Can you pls shed more light on this, is this also within the bank?

https://www.nairaland.com/1912965/mutual-funds

You can go to any bank and ask them about mutual fund and they will explain to you and ask for they rate .

Aragon001:
Pls oh, I need to understand this mutua fund and how to go about it and which firm to get it done for u.

https://www.nairaland.com/1912965/mutual-funds

Help yourself out or ask ChatGPT

olumaxi:
Buy land....a land of 545k dis year can be sold for 1.5m next year

No where in Nigeria will give you 175% interest over a year. I doubt anywhere in the world .

Ibechris2:
One reason I won't advice u to buy land and keep is because of Omonile menace in that region. U may buy today,another day someone would start claiming ur land as his or even build up ur space.

U are too young to waste such money now.

For me,move that money to mutual fund no matter how small it is.

Bank is a no no for me.

Pls sir how do I go about buying this mutual funds i have been hearing about it.

Buy land and fence it. And wait for your returns after two years. Make sure the land is genuine. You wouldn't regret it

franchasofficia:
Buying land is no longer as profitable as in the past. It's no longer a profitable investment, all thanks to Bola Tinubu's directionless government, yes I said so.

Lands no longer appreciate in value in Nigeria now compared to some years back. Except lands in choiced locations in cities like: Lagos and Abuja.

Instead of land, use that money to buy iron rod, it doesn't spoil and it adds value everyday in Bola Tinubu's shattered Nigeria.

Building materials are now costlier than land unlike before that you can use 25million to build a good duplex, today, you will buy land for 40million and use 140million to build the house, it was never like this before APC came to power.

Dede,

What do you of building materials importation? And from your vast knowledge, what are the materials that sell faster, aka hot cakes?

YoshihideSuga:
Dede,

What do you of building materials importation? And from your vast knowledge, what are the materials that sell faster, aka hot cakes?

My brother, I greet you.


POP cement.


Fingerprint door locks

Shower cubicles and other modern bathroom shower systems

Smartguyboy:
https://www.nairaland.com/1912965/mutual-funds

You can go to any bank and ask them about mutual fund and they will explain to you and ask for they rate .

Thank you.

Can you explain all these you mentioned in the bolded pls?

PAQ:
i prefer investing in stocks, bonds, treasury bills and Money Market Funds.

franchasofficia:
My brother, I greet you.


POP cement.


Fingerprint door locks

Shower cubicles and other modern bathroom shower systems

Thank you very much.

professore:
That's about 3%, what bank is that if you don't mind sharing?

palmpay

bahdpersona:
palmpay

Thank you

Love800:
What is the meaning of the dubai, UK and saudi you wrote there?

And after buying it, where can i sell it to make profit?

They are types of gold classified based on their origin.
Dubai has more value and weights more..(not sure)
Ask all this rich alajas around you..
But be very careful

Okay.

I appreciate.

hamzeiy:
They are types of gold classified based on their origin.
Dubai has more value and weights more..(not sure)
Ask all this rich alajas around you..
But be very careful

Ko

franchasofficia:
Buying land is no longer as profitable as in the past. It's no longer a profitable investment, all thanks to Bola Tinubu's directionless government, yes I said so.


Lands no longer appreciate in value in Nigeria now compared to some years back. Except lands in choiced locations in cities like: Lagos and Abuja.
You are making sense


Instead of land, use that money to buy iron rod, it doesn't spoil and it adds value everyday in Bola Tinubu's shattered Nigeria.


Building materials are now costlier than land unlike before that you can use 25million to build a good duplex, today, you will buy land for 40million and use 140million to build the house, it was never like this before APC came to power.

olumaxi:
Buy land....a land of 545k dis year can be sold for 1.5m next year

What if the value of #1.5m because less than 545k due to hyperinflation in this tinubueconomy?