emmanuelewumi:
100% of people who share the next big thing money making opportunities, and then invite you to join their WhatsApp or Telegram group usually have an agenda.

This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

QuinModah:
This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

Next big thing money making opportunities.

Kindly check the dictionary for the meaning of agenda.

emmanuelewumi:



You are on the wrong thread.


Have you shared this with your family and friends?

What if he/she does not have family and friends?.

QuinModah:
This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

Nothing is 100%. Not absolutele but in general terms it very true. Even online business people that will not state their prices in the open but will want to draw you into their WhatsApp or Telegram page have an agenda; It is either they are not selling anything (but want to corner and dupe you) or they could sell the items at a lower price but want to corner you and sell it at an exhobitant price.

QuinModah:
This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

I don’t know about the organizations o but the churches and their pastors have a very big agenda for the money of those they invite

QuinModah:
This is absolutely not true 100% even the churches and organisation that invite people on Telegram have an agenda?

Yes. The church wants you to become their member and start contributing tithes and offerings to their pastor.

Is that not an agenda?

Grupo:


Yes. The church wants you to become their member and start contributing tithes and offerings to their pastor.

Is that not an agenda?

Don't mind that guy

Grupo:


Yes. The church wants you to become their member and start contributing tithes and offerings to their pastor.

Is that not an agenda?

No, iron sharpenety Iron. You grow spiritually. Do not forsake the gathering of the brethren. I am guessing you don't believe in God or attend church.

QuinModah:
No, iron sharpenety Iron. You grow spiritually. Do not forsake the gathering of the brethren. I am guessing you don't believe in God or attend church.

Do you think those greedy yahoo yahoo pastors believe in God? At the end of the day, all na money making matter. Fortunately for them, their own format na the easiest yahoo method as poor man need to be hopeful to God for a better tomorrow

Lazyyouth4u:


Do you think those greedy yahoo yahoo pastors believe in God? At the end of the day, all na money making matter. Fortunately for them, their own format na the easiest yahoo method as poor man need to be hopeful to God for a better tomorrow

Do you go to church at all?

QuinModah:
No, iron sharpenety Iron. You grow spiritually. Do not forsake the gathering of the brethren. I am guessing you don't believe in God or attend church.

That is a fallacious statement.


Fallacy of hasty conclusion

QuinModah:
Do you go to church at all?

I will help you to rephrase the question, do you have a relationship with God?

I have refrained from discussing crypt0 here as it has a different thread. I chipped in my thoughts here after the CBN circular. But then, there are some erroneous perceptions that have to be put right.


I find it interesting that folks here who have not put a kobo in bitc0in or understand how it works would comfortably sit in their bubble and say that almost all Nigerians with money there are either yahoo boys or speculators. One even mockingly asked me how people make money in crypt0. I am sure such a person has not seen the price index of any traded asset before.

For the Yahoo part, is there any evidence for this or is? Or is it thesame basic reasoning SARS officials use and arrest any young person with an iPhone as a fraudster? Yahoo guys have held sway in Nigeria long before the first bitc0in was mined. There are almost daily attests. How many have said they do their trade via crypt0? If you know anything about bitc0in, you'd know that it does not suit their means of swindling folks.. people just regurgitate what they've been told.

The second part on being speculators is even more interesting.... That you don't comprehend something does not mean that everyone is same. The post I quoted was one among many others I made in December here. Read through it then go back and read my posts I made then and see if I was making random guesses.
The crypt0 market has one of the more predictable, cyclical and organic markets I've seen. One firmly based on demand and supply. The knowledge I expoused there came from experience of studying and trading past market cycles. Soon after that post, I deployed alot of fiat I had in the bank into sensible coyns. As of today, I've x2-3 my portfolio, taken good profits and I'm looking at a repeat of that again in February IF certain market conditions are met. Calling that speculation belittles the effort people put into studying markets.

A few weeks back, I said that here that the last January push on the NSE had bearish tendencies. Though I dont trade there, it was deducible from basic technicals. I wasn't making random guesses. Right now we see that playing out.

I've said it several times here that I and lots of others planned for this run for over 3 years.. Even before Elon Musk touched his first bitc0in. His coming in was rather a news event. What would have happened would have still happened eitherway perhaps just a bit slower. There was no luck involved!

Some folks here swear by markets I consider a waste of space as currently structured, I wouldn't come here and call them fraudsters or speculators. I invest in bitc0in simply because I believe that overtime, it's value will increase. So far that has remained true since it's inception. People should please stick to what they understand and avoid calling others names.

jedisco:


To add to this, for those who trade, it's good to know what you're good at...

Are you a day trader, a swing trader or a HTF trader?... I usually prefer to trade the high time frame and I'm less concerned about daily movements. I believe it's in major movements that most money is made or lost. Truth be said, betece usually gives 2-3 of such major moves a year.

Betece has been running the party for almost 3 months now. I believe over the next two months, the major money will move to alts.. That's how the market cycles. I might be wrong but thats how I playing it. Selling your alts into bitc0in now may not be advisable. Its like selling the bottom to buy the top. I've made such errors in the past and lost out on both ends.

Take a step back and see that betece has crossed all time high... It's likely others will make good moves.
With alts, entry and exit is everything... 20k to 28k on betece is a 40% move... When the time is ripe, some alts will give double that percentage in weeks... Already some have printed delicious candles. Just remember to take profits along the way cos the volatility will be huge too.

The post I spoke about

Secondly, I also find it annoying that some crypt0 traders/investors come here sounding like they're trying to convince people to put their money in crypt0. I doubt such people have been in crypt0 long enough. YOUR FOCUS NOW SHOULD BE ON MAKING AND TAKING PROFITS. This run was cooked in 3 years of a brutal bear market and wouldn't last forever. Salty folks will come around when they would. We were all there once. Knowledge on this market doesn't come cheap.

When CBN released their circular I said it here that folks shouldn't allow that distract them from benefiting from a bullrun that we had planned for since 2018.  Newbies rushed to withdraw their funds.. soon after that, bitc0in blasted thru 40k like CBN did not exist leaving same folks asking for ways to come back in.

I say this cos unnecessary arguments I made then on nairaland easily set me back good money as I got distracted and couldn't take trades I had planned for weeks on that move.

From the classification I made before here on people's view on the space, we should appreciate that everyone is different and people are entitled to their views. It's the salty ones that get on my nerves. It's obvious who has done good reading on crypt0 but think the market is overextended and hoping for a crash to say I 'told you so'.
I have told those ones to sit wait for 30k and grab it when it comes. Sensible traders know multiple pullbacks and a bear market will come were equally ready for that. Some will lose money not because the market is defective but because they didn't follow basic investment principles.

Food for thoughts

I will rather go with the first option

QuinModah:
No, iron sharpenety Iron. You grow spiritually. Do not forsake the gathering of the brethren. I am guessing you don't believe in God or attend church.

Don't go there, I don't go to church, started attending for the sake of my kids moral. Only positive in today's church is only to mould the growing child. 98% are fraud based.

Religion is still the cause of our general problem especially in Nigeria.

As per agenda, it is what it is, crowd funding

RayRay06677:


Don't go there, I don't go to church, started attending for the sake of my kids moral. Only positive in today's church is only to mould the growing child. 98% are fraud based.

Religion is still the cause of our general problem especially in Nigeria.

As per agenda, it is what it is, crowd funding

This is Extremely false.

emmanuelewumi:
I will rather go with the first option

If option 2 is adjusted monthly to account for the changes in inflation and devaluation effects, I will go with that option

It’s like being asked to choose between taking a lump sum or taking a pension for life at retirement. Good pensions are adjusted every year to account for inflation. That is a better option for someone wey no like stress and want to live long to enjoy him retirement.

If I take lump sum, I will spend my retirement years stressing about how to invest it and not lose the money. I buy house, I go dey stress about tenant palava, I buy shares, I go dey stress about NSE palava, I buy bonds or do fixed deposit, I go dey stress about inflation and interest rates, I buy bitc0ins, i fit die of high blood pressure

But sure inflation adjusted pension coming every month, na just planning how to spend it well. Even if I lose some, sure money will come next month. No stress for old retiree

Lazyyouth4u:


If option 2 is adjusted monthly to account for the changes in inflation and devaluation effects, I will go with that option

It’s like being asked to choose between taking a lump sum or taking a pension for life at retirement. Good pensions are adjusted every year to account for inflation. That is a better option for someone wey no like stress and want to live long to enjoy him retirement.

If I take lump sum, I will spend my retirement years stressing about how to invest it and not lose the money. I buy house, I go dey stress about tenant palava, I buy shares, I go dey stress about NSE palava, I buy bonds or do fixed deposit, I go dey stress about inflation and interest rates, I buy bitc0ins, i fit die of high blood pressure

But sure inflation adjusted pension coming every month, na just planning how to spend it well. Even if I lose some, sure money will come next month. No stressor old retiree

This information didn't give you the option of adjusting monthly payout for inflation oo.

emmanuelewumi:
I will rather go with the first option

If you are not a good money manager, go for the second option.


The second option is the best option for 90% to 95% of people.

emmanuelewumi:



This information didn't give you the option of adjusting monthly payout for inflation oo.

Haha. Okay I will say it depends on my age. As a younger person that can better handle investment stress or can afford to start afresh if I lose the money, I go with option A.

If I’m an older person in or approaching retirement, I go with option B. I don’t need investment stress at that age

PENCOM allows workers to be paid between 25% to 50% of the funds in their Retirement Savings Account as a lump sum. The remaining 50% to 75% will either be used to buy annuities that will pay the workers for about 20 years or above or they can opt for a programmed withdrawal of their funds over a period of 20 years and above depending on the workers choice.

Unfortunately most of the workers want to be paid 100% of the funds in their Retirement Savings Account when they are retired

Lazyyouth4u:


Haha. Okay I will say it depends on my age. As a younger person that can handle stress or afford to start afresh if I lose the money, I go with option A.

If I’m an older person in or approaching retirement, I go with option B. I don’t need investment stress at that age

Buy an Investment property and allow your Estate Managers to manage for you.


Relying on rental income can be frustrating if you handle it yourself.


Did you read the case of the landlord who was arrested for shooting his tenant in Lagos. The tenant owed him for over 2 years, the tenant is the chairman of Okada riders association at Sango Otta. Definitely the tenant must come home with a minimum of 50k everyday, but he chose not to pay his rent for over 2 years.


Out of frustration, the landlord a US returnee brought out his gun threatened to kill the teanant by firing in the air. The tenant ran for his life, picked one of the bullet pellets and made a complaint at the nearest police station

I am approaching retirement and I still prefer the first option.

Lazyyouth4u:


Haha. Okay I will say it depends on my age. As a younger person that can better handle investment stress or can afford to start afresh if I lose the money, I go with option A.

If I’m an older person in or approaching retirement, I go with option B. I don’t need investment stress at that age

A worker who retired after working for 30 years with N50 million in his Retirement Savings Account, and opted for 25% of the fund to pay to him as a lump sum, when used the remaining 75% of the fund to buy a 20 years annuity at 10%.


The lump sum at retirement will be N12.5 million.

The Remaining N37.5 Million will be used to buy an annuity.

Using an annuity calculator, the retiree will earn 359k for 20 years. Which is not bad. He can reinvest 10% of the monthly payment to cushion the effects of inflation


But workers want to be paid the full N50 million at retirement, it can't work

skydiver01:
I am approaching retirement and I still prefer the first option.

emmanuelewumi:
A worker who retired after working for 30 years with N50 million in his Retirement Savings Account, and opted for 25% of the fund to pay to him as a lump sum, when used the remaining 75% of the fund to buy a 20 years annuity at 10%.


The lump sum at retirement will be N12.5 million.

The Remaining N37.5 Million will be used to buy an annuity.

Using an annuity calculator, the retiree will earn 359k for 20 years. Which is not bad. He can reinvest 10% of the monthly payment to cushion the effects of inflation


But workers want to be paid the full N50 million at retirement, it can't work

Is the 359k monthly or annually? If annually, that’s less than 8m total. That one pass cheating na

Lazyyouth4u:


Is the 359k monthly or annually? If annually, that’s less than 8m total. That one pass cheating na

Per month.

emmanuelewumi:



Buy an Investment property and allow your Estate Managers to manage for you.

If you consider the fees and other charges of the estate managers (plus some wey go gba you of some money and even your properties), you may just be better off keeping that money in Tbills