₦airaland Forum

A great deal of testimony, I thank God for your life bro.


You may want to join the league of readers and lovers of great books. Thinkerspool WhatsApp and Facebook group is specifically created for whoever want to connect with like minded individuals.
While others gist about season movies, we talk about books, educate ourselves and everyone learns from everybody.
+2348184419936 (Thinkerspool)
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We can only be optimistic this time around that such drama will not unfold again.

You may want to join the league of readers and lovers of great books. Thinkerspool WhatsApp and Facebook group is specifically created for whoever want to connect with like minded individuals.
While others gist about season movies, we talk about books, educate ourselves and everyone learns from everybody.
+2348184419936 (Thinkerspool)
www.nairaland.com/2818120/creative-whatsapp-group-strictly-readers

stardragon:
i've 40000, in my bank account. hw can i invest it?
am thinking of starting forex trading next yr. any advice?

I don't advise investors to invest into business that I have no prerequisite know about, #40k is enough to start buying and selling of domains, all you need to do is to look up tonnes of information on how tos- online and start investing on domains. Forex trading is not a wise business right now because I am yet to read bulk of good testimonies about it. Please do your research very well before you go into forex.
Good luck sir.

Brief Economic Analysis and Forecast for Year 2016
Two big bosses that inevitably affect purchasing power of buyers all around the world at different times are inflation and deflation. While later is positive, the former is the bigger boss and often deal a big blow to savings and investments of individuals; the purchasing power of buyers are reduced in accordance to inflation rate, it gives headaches to producers and consumers.
Statistically, this analysis will be centered on forecast and current data from Nigerian bureau of statistics, central bank of Nigeria and happenings in commercial banks across the country. Naira has lost more than100% of its value between 2007 and 2015, one US dollar was exchanged for 120 at naira value in 2007, and the equivalent of $1 is about 269 naira right now. No economy is indefinitely resistant to inflation, not even the developed nations in Europe and America. Our foreign reserve has currently declined from $43.13 billion in 2015 to $29.92 billion in last quarter of 2015, we depend so much on imported goods to survive and 90% of our revenue is based on dwindling price of crude oil. These warning signs on our economy dashboard is enough to tell us the pace at which it will move in the next two years.
However, recent development in global oil market is not encouraging, and it will give better blows to economy of insane country like Nigeria that has the potential to tap into other sectors like agriculture and solid minerals which are found in almost every nook and cranny of the nation. Nigeria has been displaced by Angola whose oil production is more than 300,000 barrels per day compared to Nigeria oil production, this has secured a top position for Angola amongst oil producing countries in Africa. Currently, supply of oil is quite beyond the demand for it in the world right now, with US which is just about to start massive oil exploration which will ensure output of 6 million barrels per day into market very soon. When this happen, your guess is as good as mine. Russia federation is planning her finance based on forecast of $20 per barrel and almighty Iran has made it known that it is profitable to her even when she sells her crude oil at $10 per barrel. To state the obvious, a country with foreign reserve that is this low is in deep economic mess.
The fact that companies that produces consumer goods and food industries are downsizing and retrenching is enough bad signal. The effects of current inflation rate of 9.5% will soon be felt in our markets, Nigerians can only be optimistic that this inflation rate will not become 2-digits in first quarter of 2016 with possible removal of government subsidy from petrol and other petroleum products.
How are you preparing for this? What can an average citizen do to cushion the effects of inflation on their savings and investments? The answers to these questions is only a click away. As youth of this country, times like this cannot be avoided in our national history, it will always come and go. There is no better time to brace up for this challenge than this moment of our life.
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Let no one fool thee and thou should not fool thyself, there will be sharp and noticeable decrease in your purchasing power between last quarters of 2015 and second quarter of 2016. We can say that our past leaders has not done enough in the past to put our economy in it right place amongst top economy in the world, when the economy was booming and oil price was $78 per barrel, we lost the chance and it is not coming back soon. This is action time and not a period to hurl blames on anyone. Rather, it is time to look beyond and think proactively. A lot of citizens are eager to know how to shield their hard earned savings and investments from adverse effects of inflation, I will focus on three things that has proven to be great armour in inflation battlefield over many years.
• Invest in stock; I know what is running through the minds of average citizens of Nigeria just by the mention of stock or equity, someone will say- is it not the stock that has failed millions of investors in the past? The reality is that there is no better time to invest your money on stock than this moment when the prices has fallen and there will be so many fearful owners that want to sell. If you keep that money in the bank, you are only guaranteed an interest rate of 2.5% on savings account against inflation of 9.5%. According to experts forecast, it is expected that inflation will rise to 2-digits by middle of 2016. Currently, your savings is devalued by 7% of its actual worth.
However, buying some equities will prove to be a wise decision in cushioning the effects of inflation; running through your mind is this- since companies cannot gainfully invest in projects which can yield good investment above production cost, they will also fall victim of inflation. The fact is that, corporations sells their produce at increasing prices, which brings to them high revenue, earnings and increasing stock prices.
Choose wisely by investing your savings on companies that can naturally alter their commodity and still retain loyal customers, companies that focus on consumer goods such as oil, grains, metals, alcoholic and non-alcoholic beverages enjoys dynamic pricing power at this moment. Therefore, look out for corporations that focuses of low production and have high profit margins, such corporation will likely give you better dividends on your share, thereby giving you better return on your investments. Some investment platforms with great prospect that I can recommend are UACN, Oando, and Beta Glass plc. These stocks are doing fairly well despite the undulating condition in Nigerian stock market.

• Consider Real Estate Investment; another potent way to protect your savings from this bad guy (inflation) is by investing it on real estate, this can be very profitable if done rightly and for the right reasons. The secrets of real estate success is to have great eyes for hidden values in lands and houses, you need more than average patience to hold your investments for a couple of years, because time enables full maturity of properties which can later be sold to buyers at reasonable price. Don’t worry, I know you are concerned about how capital intensive it is to invest in real estate. The good news is that you can invest in this venture in Nigeria with as little as #400,000 which is currently an equivalent of one thousand five hundred dollar, you only need to look inwardly, there are numbers of shopping complex and plaza for sale all over urban areas. The developers only build and sell per unit shop to people at profitable prices, shops could be sold for as low as #800,000-1,000,000 per unit, and you can always partner with someone and secure one together with written agreement to shared profit in proportion to amount invested by each of the parties, you gain money when you lease it out. You can sell it off as soon as substantial amount of money is realised from rents and your investment return is already equal to principal.
Look around and put your ears on the ground, there are realtors (estate agents) in your vicinity, and vconnect is a great local search engine that can connect you with estate agents in Nigeria. Before you embark on this voyage, I often advise potential investors to arm themselves with prerequisite knowledge by reading books, attending seminars and workshop trainings on real estate. My favourite books by international and Nigerian authors are Guide authored by Spencer Strauss, and Investment Property Strategy by Samson Itoje.

• Invest in yourself; when you are faced with future investment uncertainty, the best tool at your disposal is yourself. It doesn’t matter how much you spend in adding values to yourself, no known strategy is more potent in fighting inflation than investing in you, and this empowers you to increase your future earning ability. The higher your academic qualification, the more indispensable you become to your employer and the higher your pay. As an entrepreneur; the more you invest in knowledge that is relevant to your business development, the better chances you have to weather the storm. Investment in oneself do not only shield one from inflation, it can guard you against economy recession as well.
Obviously, you are reading this write-up because you are a great thinker and you must have thought about something before landing on this page. So, what do you think about this article? I will gladly provide answers to your questions and I will be happy to read your comments and contributionshttps:///post/thinkerspool..

What actually amazes me about this innovation is not the fact that it can download 18 HD movies per second, it is the fact that it was invented by a PROFESSOR. Our wannabe professors have two things in mind; high pay and title. The evidence of being a professor of science, engineering and other related fields in better part of the world goes beyond articles and journals submission. It is good when you theorize, but laymen begins to reason along with you as soon as it becomes visible, that is when they will remove hats and doff it in your honour. It is forgivable if you are professors of arts and social sciences, but not in the field of engineering, medicine and science.
Blessed memory of late professor Ayodele Awojobi, the inventor of autonov1. A patriotic Nigerian who designed a military vehicle that could be steered forward and backyard without any need to engage reverse gear, it was first of its kind. The journal sections of our libraries are tired of dusty prints, various exhibition and research centers need to be as busy as our libraries. There is a huge gap between SITTING professors and WALKING professors, the former write and talk the talk only while the later walk the talk. When you embark on realistic research and projects that will have great impact on man and his environment, those grants that you lobby for will surely come to you with ease.
Lastly, a very big kudos to professor Harald Hass, this new technology will change the face of internet, I have no modicum of doubt about it.
Source: https://thinkerspool./2015/11/25/li-fi-100-times-faster-than-wi-fi-and-download-at-100gig-per-second/

Wrong is word that has long been perceived badly and it is not a surprise that almost all human being have detrimental conscious understanding to individual fault. The reality is that a lot of unthinkable things can spring up from many wrong things, wrong thinking is as good and as productive as right thinking, only that the world want us to be right by default forgetting that electricity cannot be enjoyed without negative terminal, you will never be able to read this article without combination of both positive and negative terminals of your electrical power supply.
We often deny ourselves the privileges that comes with self-realization and admittance of our mistakes, it is through these that we can begin to grow. You are wrong when you are wrong, but you are right when you gracefully accept it and embrace it as normal occurrence that will never cease to occur, then you can move on and stretch forward for your goals .≥≥≥≥≥≥≥≥≥
Wrong time is not always a lost time. In fact, you gain more time when you take full responsibility for your failure, doing so will prevent reoccurrence of such mistake. Have you not gained time? Repeating same mistake often is a waste of human time. Let be wrong when we are supposed to be wrong, have courage to make mistakes when it can almost be overlooked or when you know it can be less magnified. We should have courage to be wrong when we are convinced that it will not expensive, when you are still young. Go ye into the world and venture into everything that you’ve been dreaming about without a mustard seed of fear of failure.
Now, ask yourself this question. How many times have you consciously admitted and acknowledged your misdeeds in the last couple of months? The world has made us blind to it. By default, we develop self-defense mechanism and tend to shift blame on other people as soon as we have a slight chance. It will not make the world better because it is affluent display of immaturity on our part. Don’t be cowardice, show courage and stop being a callous judge to yourself. More can be achieved when you give yourself chances to be wrong and make things better by enthralling yourself in continuous self-improvement. Not taking a step forward is worse than taking a wrong step.
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Marlo Thomas’ father said there were two kinds of people in the world; givers and takers. The takers may eat better but givers sleeps better. In Alms scale, there are two types of relationships, they are symbiosis and parasitic. Takers behaves in parasitic manner in everyday dealings with people around them, of course, they cannot exist without someone willing to give and are comfortable receiving more than they ever let go out of themselves. While people resent this category of people, they thrive and succeed in large organisation because their acts often go unnoticed. They take as much as they can and proceed to the top, their motto is “Me, I and Myself”. Unfortunately, they seldsome get to organisation pinnacle due to perceived self-interest. Takers will stop at nothing when it comes to using people to achieve their career success and usually employ win-lose approach throughout their career life. Stop being a taker if you want to excel in small and medium organization, their high demand versus least supply curve becomes very conspicuous over time and they gradually turn into less attractive individual within an organization, especially small and medium ones.
There is another category of people that spends a big chunk amount of time trying to strike balance between giving and taking, they are “matchers.” This set of people expect or demand from others as much as they give, matchers are mid-fielders and are popularly referred to as Mr./Mrs. Nothing-Goes-For-Nothing. Realistically, many of us are trapped in this class, they hate to watch people take without giving and vice versa. You may think this people will be most successful, but thorough research shows that they are not.
Giving goes beyond philanthropic acts, it is often about you having benevolent mind and hands. Givers are always ready to mentor people to success, drag them along success pyramid, they share their knowledge with people and often look forward to providing solutions to problems without expecting a thing in return. They are selly and naturally solutionist in their habitat. Reckless givers releases so much energy into being benefactor and get distracted in what they do, this makes them get exhausted faster. They thrive well in small and medium business environment because of their ability to lead down and below leadership tower, they are cherished by organisation leaders because of exhibition of selfless acts.
Only careful givers become most successful in large business organisation, making it priority to help yourself in your career before extending alms to others is the secret to becoming successful giver. All winners may not be givers, but all smart givers will win. No matters how it is, keep giving and continue to stretch helping hands to people. While it is good to be a giver, it is better to be a smarter giver. Cheers!
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