yazga:
for a school teacher than earns less than 50k

ahiboilandgas:
where did u get the 70m workforce idle in the north? Agriculture which constitute 70 percent of Nigeria Gross domestics products is done in the North....u cant tell me the millions of farmers producing tomatoes,onions ,beans ,sorghum ,rice ,beef ,milk ,corn ,millet,irish patatos , grandnuts,ginger,limes , oranges ,yams in million of tonnes are idle...

jamih:

...

yazga:
for a school teacher than earns less than 50k

Donsheddy:


What's the link to this calculator please

islamics:

Some teachers also earn 20k and below plus it might not be coming consistently.

In such scenario, investment reasoning might not even ring in one's brain, na daily survival go be your default setting and how to improve.

Satoshi2019:
I beg to disagree. When I was earning 35k 4years ago I had my monthly savings. Savings is a culture irrespective of earnings.

ahiboilandgas:
As advice by mr Emma ...is to hold diversified portfolio...investment mix ......mine 1 is my company (source of income for everthing) 2 fixed income ( bonds and euro bonds and tb (b4 crash) 4 dorm accounts ( euros and pounds ) 5 i brought some share (Gtb and zenith only)6 rental income ...8 i also buy land for futher appreciation (speculations )...no matter the naira depreciation....it will limit my lost...

odimbannamdi:
Dollar hoarders and speculators, make una sell una dollars now ooo...i just did an online transaction and Gtbank charged me 391.2naira/dollar

olujaidi:


Isn't it wiser to attempt to come out better off personally than to suffer it along with everyone else?

Theconglomerate:
How much transaction?

ojesymsym:
Jeez, it's crazy, that means if a man decide to start paying 10k into an investment every month with a 10% per annum as soon as a child is born, he can hand over 20 million to the child on his 30th birthday.

C505:
Good morning

Please I need the gurus to help me settle this matter.

With the help of a member here, i'm trying to delve into octafx and then this came up

I have 5M and a colleague equally has 5M and we're trying to pool funds together to get a 13 ton trailer for logistics purpose. Made inquiry and we're likely to get one for 6.5M.

My colleague has an old school mate who works at boulox. After an appointment with her, she is eager to help us once we get the trailer and then she'll put us through. Although she made mention of 4 criteria they require which I honestly can't remember. But I'm very aware one is insurance of 2m per trip if my memory serves me well

My question is what are the challenges we're most likely to face owning a truck? Is 10M enough to start up without downsides?

C505:
Good morning

Please I need the gurus to help me settle this matter.

With the help of a member here, i'm trying to delve into octafx and then this came up

I have 5M and a colleague equally has 5M and we're trying to pool funds together to get a 13 ton trailer for logistics purpose. Made inquiry and we're likely to get one for 6.5M.

My colleague has an old school mate who works at boulox. After an appointment with her, she is eager to help us once we get the trailer and then she'll put us through. Although she made mention of 4 criteria they require which I honestly can't remember. But I'm very aware one is insurance of 2m per trip if my memory serves me well

My question is what are the challenges we're most likely to face owning a truck? Is 10M enough to start up without downsides?

C505:
Good morning

Please I need the gurus to help me settle this matter.

With the help of a member here, i'm trying to delve into octafx and then this came up

I have 5M and a colleague equally has 5M and we're trying to pool funds together to get a 13 ton trailer for logistics purpose. Made inquiry and we're likely to get one for 6.5M.

My colleague has an old school mate who works at boulox. After an appointment with her, she is eager to help us once we get the trailer and then she'll put us through. Although she made mention of 4 criteria they require which I honestly can't remember. But I'm very aware one is insurance of 2m per trip if my memory serves me well

My question is what are the challenges we're most likely to face owning a truck? Is 10M enough to start up without downsides?

ahiboilandgas:
Also remember to depreciate the truck over 5 years.....it a deprecating asset ...so u will be keeping 50k ever months then at rhe end of 5 years u saved 3m ...then sell truck for 3.5m =6.5 m your capital is back ...make provisions for devalutions of naira ....what the value of 6.5 in 5 years time so u might need 70k monthly...then add inflations trends on it ...so u might make 80k provision ever months...then add tyres,insurance,wages ,maintenance,spare part ,cost of administers.....then check if u made a profit ....compare it with fixed return of 11.2 on fgn bond to find out if u are supposed to invest or not.......free consultancy....

Cointrader:


Agriculture does not constitute 70% of Nigeria's GDP.

In fact, agriculture constitutes only 21% of Nigeria's GDP.

Just correcting some wrong information on your part.

https://en.wikipedia.org/wiki/Economy_of_Nigeria

qmd24:
Rather too pessimistic
Good job anyway. Your sarcasm is legendary.
Likelihood of failure or capital loss is what??

deleson:


However, I realise that gains are not overly high, because you'll still use your converted dollar to purchase the inflated goods and services. Also, family and friends wahala dey wait for am as well.

May the ancient wisdom guide us through life.

olujaidi:


Friends and family wàhálà will be there regardless. Same with goods and services prices. Your humanism probably won't stop those from happening.
Personally, you'll be better prepared for those outcomes.

If you were a bank shareholder, would you accept this humanism from a Board and potentially be worse off?
So, Segun Agbaje should tell his board and shareholders that he didn't go long on FX assets because it would be bad for the larger population?

deleson:
I'm not quite clear on your point, sir.

If you thoroughly read through my reply, you'd decode my position.

Best!

deleson:
Wikipedia isn’t the best reference for issues of factuality.

It’s a open-source platform that can be edited and perhaps manipulated by anyone...No serious researcher relies on Wiki.

All the best!