Investnow2017:


CONSOLIDATING. It is next week you will see the real bull, this week is for consolidation.

lancee:
https://abokifx.com/news/cbn-place-restrictions-on-dividend-pay-out-for-banks-businessday

Chibuking81:
Where is our bell ringer, has bear stolen his bell?

Mpeace:
This news is taking its toll on sime stocks.

lancee:




correct ..don waka comot fidel ..my cap appre will be more than div ..loot go clear 3 dys

ukay2:
So ogas Rabidoracle and Mendes have SHAKEN OUT MANY FAINT HEARTED MEMBERS.

My only prayer during the bear was to load more of UBA and Dan.flour.....but only Dang.flour i was only to load....


...Make bear come back a beg.....We are making more money this year...

leo1234:
Just sold most of my holdings, leaving only transcorp.

Harbewilliams:
Uber is one business that is worth investing in if you’d like to earn ₦120,000 monthly on a ₦1,500,000 investment. The 2 most important factors to succeed in the business are getting a practical car that is in good working condition. As well as getting a good and trustworthy driver.

E-hailing companies accepts 2003 and above four door cars. However, buying a 2003-2006 model is better so the car can repay itself on time whilst having a life span of 3 to 4 years on the platform before they yank if off.

When choosing the most practical car to use, you have to consider the following factors: Purchase cost, fuel economy, good air conditioner, reliability, maintenance cost, life span, resale value etc..

Despite how lucrative the business is, I noticed several cars have been pulling out of the Uber business due to accidents, reliability issues, fuel consumption especially vehicles with 6 cylinder engines etc.

I want to talk about investment and return on investment (ROI) in the context of E-hailing business (uber, taxify, oga taxi)
So I was researching fixed deposit rates, not to invest but to get a comparison between that and an investment in Uber.

The best rate I was able to get was 3% on a 30 day fix, that is, if you left your money with the bank for 30 days, they would give you an appreciation on your capital of 3%. So I though, let's choose a nominal figure for the sake of this post, a figure of say #1,500,000.

If you fix #1,500,000 naira on a percentage of 3%, at the end of the term, you make a profit (or interest) of 50,000 naira. A whooping sum of #12,500 per week. I believe there is also a service charge, though negligible, it will affect your bottom line.

Now let us look at an equivalent investment on Uber,
Now that e-hailing companies is accepting year 2003 cars and newer.
Let's say you invest in Uber with #1,500,000.
You are guaranteed returns of #120,000/130, 000 per month
, #30,000/32, 500 per week.



From my layman calculation that is about 8% compared to fixed deposits' 3%.

Quite a difference when the capital we speak of is #1,500,000 .

Now, I think you may speak of risk. Fixed deposits are essentially risk free, while Uber carries certain risks; accident, theft, fire etc., but that is where insurance comes in. For about #50,000 naira you can negate all risks, for up to 1 year. Over the course of a year, that is 4000 every month. Risk averted.
If we were to deduct interest from risk premium (insurance) we get a profit of 116,000 per month, still much higher than fixed deposit.

One legitimate concern of course is, what happens to mechanic costs when you have to fix the car (this is a variable and highly dependent on other factors, also it is unpredictable so I won't calculate that here), if you get a good vehicle, you don't have to worry about mechanic costs, I have been driving my car on Uber for 3 months and haven't had cause to visit a mechanic, so it's been all profit for me.

So how do you get a good car? Leave that to us, we can help you source for well-maintained vehicles from reputable car dealerships.
As fleet managers, we can help you purchase sound vehicles for your investment.

It is worthy to mention that no investment vehicle (no pun intended) is devoid of risk, fixed deposits are affected by inflation while Uber vehicles are affected by depreciation.

I think any investment that out performs the local fixed deposit rates is a good investment. Think about it.

Invest in E-HAILING (Uber, Taxify, Oga Taxi) today.
contact us today
fleetdrive2016@gmail.com
07016682929 (whatsapp)

mendes911:


Chief, what have I done again naww? I was only having a candid little discussion with FXUser. I never used the word "BEAR". This is not fair ooo. Not at all.

mendes911:


So you are one of those trapped that were trying to bail out today. Na una crash prices nawww.

Mpeace:
This news is taking its toll on sime stocks.

ukay2:


You comot fidelity Okoooo....Time will tell

Mpeace:
This news is taking its toll on sime stocks.

PETERiCHY:



He's on the sideline bitting his finger for being shaken out of ACCESSBK by Oracle and coy... ..


*ThE OcToPuS*

Coolcash1:
There is something definitely cooking in Skye bank which is yet to be known....Despite the 8 days bear it refused to go back to car park (@50K)....Or how do one explain a stock without financial results for 2 years and negative CAR to still be among the top gainers in the market. Though, intel has it that a billionaire in SW wants to acquire the dying bank.

Coolcash1:
There is something definitely cooking in Skye bank which is yet to be known....Despite the 8 days bear it refused to go back to car park (@50K)....Or how do one explain a stock without financial results for 2 years and negative CAR to still be among the top gainers in the market. Though, intel has it that a billionaire in SW wants to acquire the dying bank.

Coolcash1:
There is something definitely cooking in Skye bank which is yet to be known....Despite the 8 days bear it refused to go back to car park (@50K)....Or how do one explain a stock without financial results for 2 years and negative CAR to still be among the top gainers in the market. Though, intel has it that a billionaire in SW wants to acquire the dying bank.

Agbalowomeri:
Don't invest during lent
You will not hear

Agbalowomeri:
Please will flourmills rights qualify for this year's dividend?

leo1234:


Please which bank can I get monthly 3% on fixed deposit?
I am interested.