Tvegas:
Yes dear, go ahead.

emmanuelewumi:



There is no point using your own salary to expand your business. Since the transport business is generating money, it is the money generated that should be reinvested.

If you must use your personal money for the expansion of the business after the initial start up. Any additional money from your salary, should be seen as a loan which the business most pay back to you

ozymes:
Meaning accrued interest can be compounded without delays?

oluwaleokey:


Well noted sir,
Nawa o But i actually thought i was doing myself a great deal, i mean instead the salary to unproductively lie in my account, rather add them to the funds business generates to facilitate the expansion...

N:B nobody taught me this... it has been a habit and my own understanding of compounding.... rather than having banks utilising the money in your Acct without reasonable interest.

Anyways, lesson learnt

Phyde:

Thanks once again. I'm within Lagos and i intend visiting stanbic festac branch once my cscs account is open. How long will it take Morgan Capital to do that?

IyawoToBe:
Hi Emmanuel, for this investment, does the stock broker take out a certain percent?

Akpaamunsi:


Your own method is also not bad, Emmanuel just suggested a better approach.

emmasoft:


Sure, if you opt for it. There is opportunity to give your mandate in that regard whether at the point of opening account or after and it is flexible you can opt in or out. For instance if it's Abacus and you pick reinvest interest by first day of the next quarter your interest is reinvested while for VGIF the interest is reinvested 1st July and 1st January of each year.

Diyke4rich:
Good evening house, i dont know if this the right place to ask this question in 2008 one marketer force me just to buy 800units of ecobank shares, till today i have not collected any dividend or even know the valve, i have tired to contact there registry many times no response, please who can help me calculate the value of the shares now, maybe the shares have increase in units by now or make any profit its 12years already.

ozymes:
What is the differencies and similarities B/W ABACUS and VGIF?

emmasoft:


Similarities: They are both mutual funds, interest accrued daily which can be paid out or reinvested and are tax free. There is free entry and exit for both. No specific amount or time that regulates your deposit. Any amount anytime can be deposited. They can be operated together.

Differences: Abacus is mmf, while VGIF is in d fixed income category, interest for Abacus is daily valued VGIF interest is benchmark with SDF- standard deposit facility (rate CBN give to banks for their deposit), initial minimum deposit for VGIF is 50k and minimum holding period six months Abacus minimum initial deposit is 1k and holding period 30 days.
VGIF[b] 8.5%[/b] and Abacus[b] 5%[/b]+

This is personal - I operate VGIF for long-term and Abacus for short-term.

Diyke4rich:
Good evening house, i dont know if this the right place to ask this question in 2008 one marketer force me just to buy 800units of ecobank shares, till today i have not collected any dividend or even know the valve, i have tired to contact there registry many times no response, please who can help me calculate the value of the shares now, maybe the shares have increase in units by now or make any profit its 12years already.

ozymes:
Eco Bank or Oceanic Bank?

ozymes:
Interest is per annum and they are both Tax exempt?

Akpaamunsi:



How old r u? Kid

If u know d calibre and age range of people who dominate this thread u won't use such vulgar word to describe busy people who feel this thread is d best place to answer their questions based on their tight schedule.
You berra knock it out boy. Wach ya tongue n oily fingerz

Akpaamunsi Agwu

hollerbaby:
Some of these seemingly silly questions , i have an idea of what the answers are but i would rather ask here from people who have been dere nd done that.

Reassurance that, what i think is right is actually right. Since i have been following this thread when tb rates where pretty good, so u know how long. I have stuck to what i know and learnt here on treasury bills .when i see bond shares i dont even bother cause i dont know it well nd tb was still paying well.


With tb gone south we need to learn other investment opportunities So excuse the silly questions, correct people gladly responded to to clear our doubts.
I didn't see u answering any. Give me time to obtain my MBA degree in bonds and shares from this thread first. Me that i hv been following the responses to other people's questions that relates to this sukuk jejely no yab us at all

Diyke4rich:
Good evening house, i dont know if this the right place to ask this question in 2008 one marketer force me just to buy 800units of ecobank shares, till today i have not collected any dividend or even know the valve, i have tired to contact there registry many times no response, please who can help me calculate the value of the shares now, maybe the shares have increase in units by now or make any profit its 12years already.

hollerbaby:
Some of these seemingly silly questions , i have an idea of what the answers are but i would rather ask here from people who have been dere nd done that.

Reassurance that, what i think is right is actually right. Since i have been following this thread when tb rates where pretty good, so u know how long. I have stuck to what i know and learnt here on treasury bills .when i see bond shares i dont even bother cause i dont know it well nd tb was still paying well.


With tb gone south we need to learn other investment opportunities So excuse the silly questions, correct people gladly responded to to clear our doubts.
I didn't see u answering any. Give me time to obtain my MBA degree in bonds and shares from this thread first. Me that i hv been following the responses to other people's questions that relates to this sukuk jejely no yab us at all

Diyke4rich:
Good evening house, i dont know if this the right place to ask this question in 2008 one marketer force me just to buy 800units of ecobank shares, till today i have not collected any dividend or even know the valve, i have tired to contact there registry many times no response, please who can help me calculate the value of the shares now, maybe the shares have increase in units by now or make any profit its 12years already.

1kinggy:


This is what I'm saying.

You took your time to read the thread and responses. You saved us all another unnecessary line by not repeating this questions.

May you live long and do well.

ojesymsym:
2008, Eco bank shares. No dividends, nothing. As at last check I am not even sure the value of the shares changed. The stock broking firm I even bought from have gone under. We are in the same boat.
Anyway, there is another thread for shares related matters

1kinggy:


Check SEC's website for unclaimed dividends. All you need is your name. If it appears there, there's hope.

Then, you contact the registrar on the way forward.

Cheers

ojesymsym:
2008, Eco bank shares. No dividends, nothing. As at last check I am not even sure the value of the shares changed. The stock broking firm I even bought from have gone under. We are in the same boat.
Anyway, there is another thread for shares related matters

1kinggy:


Check SEC's website for unclaimed dividends. All you need is your name. If it appears there, there's hope.

Then, you contact the registrar on the way forward.

Cheers

ozymes:
Visit GTL Registrars at Cosharis Office, Abuja

emmanuelewumi:



Get a budget, operate within the budget try and save 5% of your income every month for a start, cut off unnecessary expenses then increase it to 10% and more Get a side hustle which can generate more income.


Education of our children is a right that can't be negotiated, giving them a headstart through good investment is very important in Nigeria.

The average person will think of only education, don't join the group of the average Nigerian.

Sholapey:
Follow madam advice and also invest wisely. Children tend to learn from what they see their parents doing day in day out.

If you're smart, your kids will learn your smartness. Be a reflection n the book he/she will be reading for a better results. Welcome to our midst, I pray your life will never remain the same as you pay close attention to this thread.

1kinggy:
I'm relatively new on this thread but I think some of the questions being asked here are just from lazy minds. A bit of Google, basic arithmetic and investment sites will clarify the questions. To do anything tangible, we can not rely on the information given by others. Help yourself. Do some basic research and come here with tangible questions.

oluwaleokey:


Well noted sir,
Nawa o But i actually thought i was doing myself a great deal, i mean instead the salary to unproductively lie in my account, rather add them to the funds business generates to facilitate the expansion...

N:B nobody taught me this... it has been a habit and my own understanding of compounding.... rather than having banks utilising the money in your Acct without reasonable interest.

Anyways, lesson learnt

IyawoToBe:
Hi Emmanuel, for this investment, does the stock broker take out a certain percent?