₦airaland Forum

Majorly21:
Some people are happy living in the mess and keep glorifying looters.

I can’t never live more than 4 months in Nigeria anymore

Omo.....this was my route home for years. It's sad that the road has become this terrible.

The road and traffic situation in Lagos is depressing, I used to have constant headache.

Thank God i don't have to see this nonsense again everyday.

GloShare:
Dont be mischievous. You gain nothing from it. You're not getting paid to sound right.

Guy.....abeg go and sleep joor. Just accept you made a mistake and move on.

Apparently you don't like being told you are wrong.

You said "10k may put one in the 40% tax bracket"......which is wrong and i pointed that out to you.

You claimed i did not know what i was talking about and also stated that i was misleading people. You even brought googled evidence to support your case when in actual fact that same evidence showed you were wrong.

So....what are you waxing lyrical about?

Predstan:
If you earn a certain amount. You can pay up to 40 percent as tax

If you earn 120k you won't pay 40% as tax.

GloShare:
Then why would you say I was wrong when different laws apply?

Lol. You have come again? Ofcourse you were wrong!

You said tax rate is 40%...that's wrong. Even the evidence you posted shows a tax rate less than 40%.

Deltayankeeboii:
Hell0, the screenshot you shared. Is it a website or app. Can I find it

Website. This one is smartasset.com

Just google US Tax Rate Calculator......you will get many you can use to estimate taxes.

planetx:
Everyone is earning six figures in corporate America on an anonymous forum, I don't need to roll with illegal immigrants to know that the vast majority of Nigerians living in the US are only Naira rich because of the terrible exchange rate.

No one said anything about six figures.

You said 80k (is 80k six figures?) and that was what i was addressing. How can you say 98% of Nigerians living in the US never held a job paying $80k? Are you a joker?

I understand that a six figure salary is a lot but saying 98% of Nigerians earn less than 80k means the people you know are illegals or don't have the capacity to earn above 80k.

planetx:
98% of Nigerians living in the US have never held a job paying $80,000 per annum or more, lol keep deceiving yourselves. Most Nigerians in the US are either driving uber, amazon or if they are females nursing aid or maybe a nurse. Vast majority are average, the only saving grace is the terrible exchange rate.

GloShare:
Dont say what you dont know.

I earn less but I'm in a higher bracket. Dont be using exclamation Marks anyhow as if you know for sure.

After the federal tax, what about provincial?

What about EI deductions and compulsory retirement plan deductions?

Dont misinform people.

LOL.

Who send you make you go live for New York?? States have different state tax rates (NY has the highest state tax) and I live in a state that does not have any state tax......they don't call it provincial tax in the US.

Your reality is not another person's reality. Information is key!!!

Please note.... i am an accountant and i work in a CPA firm. I do taxes for individuals and corporations.

planetx:
98% of Nigerians living in the US have never held a job paying $80,000 per annum or more, lol keep deceiving yourselves. Most Nigerians in the US are either driving uber, amazon or if they are females nursing aid or maybe a nurse. Vast majority are average, the only saving grace is the terrible exchange rate.

Lol.

I think you have been rolling with illegal immigrants....or people that don't have good qualifications and experience.

GloShare:
A salary of 10k may put one in the 40% tax bracket.

That means just about 6k remaining.
House rent 1,500
Insurance and other utilities 1k
Feeding and unforeseen expenses for a single person $400.

So. The savings may not be as much as you think.

Dont forget, the 10k job is not guaranteed.

Wrong!!!

At 120k per annum, federal income tax bracket is 24% and your effective tax rate can be less than 20%.

Also, you do not need to live in a $1,500 per month apartment.

Depressed101:
you are wrong check well....

First of.
The city that will pay that much for a programmer will be located in a very large city with spiked rentage and utility bills. Except you want him to live in squalor, when he can live better here in Nigeria

Lol. You people just make me laugh.

Even someone that does DoorDash lives in a better condition that most people that live in Nigeria (including the high brow areas).

seighapaul:
So, a black youth from a universally recognised "shit hole" Country will migrate to a developed country and miraculously start earning 5k-10k dollars monthly. Guy, dem never tell you the koko. Get ready to be doing menial/odd jobs for 5-10 years b4 you will accustom yourself to the new reality and if God smiles at you... you could start earning that 10k monthly

Lol. You don't know what you are saying.

I am a black youth and migrated in August from what you call a "shit hole" country.
I don't even have green card yet.....just an Employment Authorization Document (EAD)
It took me 4 months to get the EAD and i started work within a month of getting the EAD. Your 5 to 10 years is a fallacy. Only for illegal immigrants.
I am not doing a menial job.
I earn that range of 5k to 10k monthly and the job is even almost an entry level role....imagine if i change jobs after six months of US experience.

Guy, that koko they told you is not really the koko.

J111333:
10k/month a lot of cash?
Have you considered federal and state taxes, mortgage/high rent, bills of all kinds, car, health and home insurances in that 10k?
By the time Trump's Amelica system deal with you finish eeh, if you go home with 5k from that amount, na miracle unless ofcourse you have Igbotic sense.

This your statement is full of ignorance.

Earning $10k is a lot of cash.

Most US residents don't even earn close to $10k monthly (reported median wage for 2019 was less than 50k per year).

Except the fellow is a spendthrift, you can easily save 5k from a monthly income of 10k even with taxes, rent/mortgage and student loans.....and saving 5k monthly is saving a lot of money.

seankafor:
Lol, does Nigeria spend dollar?
If he makes let's say 5k$ over there, he won't be any different from someone making 500k here because over there he I'll still spend in $ not naira.. unless he is talking about serene environment which also comes with its own downside like racism and stuffs.

For me 500k# here over 5k$ there anyday anytime

LOL.

1. A programmer will make more than $5k monthly by far.
2. Even if he makes only $5k monthly........$5k in US will go much more than N500k in Nigeria and he will save more than he will ever save in Nigeria.
3. Forget how much he makes in Nigeria.......this country na suffer.

What is really important is for him to leave legally if the opportunity comes because if he plans to be an illegal immigrant he will be jumping from a frying pan to fire.

Drenimarcus:
Hey guys, just an update, my I-145(aos) was updated today and it was approved without any interview.

K-1 Journey ends, Citizenship journey starts.

Goodluck guys!

Congratulations......

Sukey:
@sharpman,my bad.i wasn’t talking about you lol,Just seeing it now that It was you I replied,what you put in the form is fine.if you read my reply you’ll see that it wasn’t meant for you but treasure prince,you came into the country before me bro

Oh lol. Sorry, i thought you were 'combining' me with that ignorant fellow since you quoted my post.

Sukey:
Yo man,it was on this same nairaland that someone wrote something similar to what you wrote and was denied,just tell your fiancée to write that she’ll be supporting you in all ways including your visa procurement and your coming to America,your feeding,shelter and in every possible way till you’re able to stand on your own,saying that you’ll be collecting a certain amount of money looks like fraud to them and I don’t think you want anybody to tell you that after all the waiting time to see your woman and the wahala

Well.....i don't know of anyone (on Nairaland and even visajourney) that wrote what I wrote and was denied.

The person I remember was denied on Nairaland specifically selected 'I do not intend' and that was clearly the reason the fellow was denied.

Treasureprince1:
please which of the names should we fill, mine or my fiancee's?

The affidavit of Support is filled by your USC fiance. She's saying she'll support you when you come. She fills it or you fill on the assumption that she's filling and get her to sign.

I hope that answers your question.

Treasureprince1:
thank you baba, #respect

In the Part 7, don't forget to fill Family Name, Given Name, Middle Name and A-Number (If any). I deliberately blocked that out.

Treasureprince1:
Please what should we fill in that no 38, after ticking the "intend" box, how do we "indicate the exact nature and duration of the contributions you intend to make" part?

Abeg don't listen to that ignorant fellow that likes jumping on questions that he does not understand or have answers to.

So.........when i filled mine, i did not tick any of the boxes. However, i went to Part 7 and wrote the following in the additional information (See attached file). I got the idea from visa journey.

Now, I am not saying you should not tick the "intend" to box. Hopefully, others that actually filled the form and did not have any issues will tell you what they did.

Omo. a whole SWAT team for hushpuppi.

But......that guy is stupid sha. You are into big time fraud, living a a country where it is easy to catch you and you are confidently displaying your ill gotten wealth on social media. You now had to guts to attempt to scam the US during a crisis period.

seyisanya:
I remember some Nigerians in the US chatting about trading with ridiculous small units of stocks - I was like ''these ones are only making money for their brokers'' - only for me to later realise that they are not paying any commission for both buy/sell. My advice for Nigerians based in Nigeria using these Fintechs is to think longterm. Buy good companies at a great bargain and wait it out.

Yes. Thanks to Robinhood and co.......most brokers now charge zero commision on stock trades. That was the only way to maintain market share.

YerYer:
I joined the bus this morning. Up $1775

I should be getting live tips from you and have you on speed dial.

DexterousOne:
Delta airlines


Anyone torchlighting Delta airlines?

Yep. Bought about 2 weeks ago at an average cost of $31.7 per unit. Total investment currently down by 6.5%.

Any news.......should i sell or buy more?

dicsnemma:
Hello everyone, so I received my NOA1 for my Work authorization and Application to register permanent residence separately on the 11th of June,though the notice says 11th, I received it by mailed last week. Another amazing news is that despite not being able to get my Socials at the administration office and applying for it via my work authorization form, i got my socials security card by mail on Friday last week, it has the same date with my NOA's 1. I actually was not expecting the card so soon, but thank for everything, most especially for a beautiful home he has blessed me with. Here is wishing everyone the very best and success in all our endeavors.

Great. Thank God for the progress. Hopefully you should get your EAD in a few months. Stay safe.

YerYer:
Basically when the market was spooked last week with reports of increasing corona virus cases in some states, I had the hunch we may be having a 2nd wave or a continuation of the 1st wave so I bought call options in ETSY, ZM, APT, PTON, LVGO, EBAY and SLV. In a nut shell, If the stock goes up, the options trade goes up incrementally. They must stay above their strike price before expiration, if they sell off, I can lose 100% of the money I spent buying those call options. Currently up about $10k from these trades alone.

Does it mean you can't exit before those dates you have there?

YerYer:
COVID related trades printing today

Okay.....can you please explain this 'call' trades?

BJ2020:
In the DS 160 form, do i need to fill my son's details on it as accompany or its not needed ?since he is already in the US

Your son is not traveling with you so in the question asking if any other person is traveling with you, the answer is NO.

There are other parts of the form that asks if you have any child, the answer is YES. and then you fill in details of the child.

BJ2020:
In my K1 application form submitted to USCIS, my son is already included and the USCIS is already aware he's in the US because in the form, it requires the present address of my son and i wrote the address and the number of my Ex in the form which was submitted and the application has been Approved. The next step is scheduling appointment at the embassy and the medicals. I believe since i was approved, my son is also approved automatically. But my problem is i don't know how to go about it. I don't know if i need to fill the DS160 form for my son and select K2 as the category of the visa and also if my son would require medicals, would they suggest an hospital in the US. He is in Dallas Texas.

Will your son attend the interview with you? Clearly the answer is NO so don't fill a DS160 for someone that won't be attending the interview.

All you need to do is to fill your own form and attend the interview alone. Of course, expect serious questions and scrutiny about your son and your ex-spouse from the VO especially since your son is already in the US with his mom on an expired visa.

Make sure you are prepared for any possible question and please ensure whatever answers you give is the truth and nothing but the truth.

OakPearl:
I like the fact you are sticking to your strategy in making a foray into uncharted waters.

I had the feeling we have dividend aristocrats in this forum and already had a watchlist of good dividend stocks to share for the benefit of all who may be interested.

Apart from looking for the highest yielding dividend stocks, the best of them are those who have been consistent in the last 5, 10, 25, and 50 years.
REITS are also very good proposition for dividend income because of the nature of their business and the mandatory law that makes it obligatory for them to pay out a huge percentage of their PAT as dividend annually.

Energy Transfer (ET) $8.43 with EPS of $0.71 and div yield of 14.48%
Starwood Property Trust (STWD) $15.32 with EPS of $1.29 and div yield of 12.48%
Exxon Mobil (XOM) $49.21 with EPS of $2.49 and dvd yield of 7.07%
White Horse Finance (WHF) $11.53 with EPS of $0.14 and div yield of 12.32%
Phillips 66 Partners (PSXP) $40.57 with EPS of $.87 and div yield of 8.63%
AT&T (T) $31.16 with EPS of $1.97 and div yield of 6.68% (5G candidate)
Ventas Inc. (VTR) $41.58 with EPS of $1.44 and div yield of 7.64%
Verizon (VZ) $56.79 with EPS of $4.44 and div yield of 4.33% (5G candidate)
Canadian Natural Resources (CNQ) $18.15 with EPS of $1.89 and div yield of 6.88%
LTC Properties (LTC) $39.36 with EPS of $3.10 and div yield of 5.79%
Shaw Communication (SJR) $16.88 with EPS of $1.00 and div yield of 5.03% (This one will make people money during the 5G boom)
Kimco Realty Corp (KIM) $14.06 with EPS of $0.75 and div yield of 7.96%

The list is not exhaustive, but I have also been careful not to list companies with low dvd yield, and negative EPS that has high div yield record which is obviously deceptive. Low liquidity stocks have also been avoided to allow for easy sell off whenever an investor wishes to jump ship.
Note also that every change in price automatically affects the dividend yield.
Apart from dividend income, the above stocks have good upside potential for capital appreciation too for the patient.
Due diligence advised.

Baba o. I hail.

One other good thing about these stocks you listed is that the P/E ratio for most of them is solid.

The market has erased all the gains it made in June in one day

YerYer:
I love down days. They are healthy and necessary.

It's also an opportunity to buy more (if you truly believe in that stock) to average down cost........assuming one bought when it was high..

OakPearl:
Your AZUL got as high as $18.27 today and closed at $15.71.You are almost 100% on this one. Congrats bro!
If it drops again tomorrow, it's an opportunity for late boarding. Please someone asked if he could still buy this stock.
Your chance could be here. Watch it and time your entry.

By the way, was it 4th June (5 days ago) you bought yours?
I boarded 27th May at $8.32 and am not disembarking just yet.

Please, where do you guys get to know about all these stocks. A lot of them i hear for the first time here.