Thisnut's Posts
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 Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 9:58am On May 17, 2020 |
oluayebenz:from his previous post, he said he moved to Canada this year. Only 5months or less in Canada, he's already on a path to better life. should he choose to get some school alongside his Hustle, in a few years you can't compare him with 95 percent of his classmates back in Nigeria. @ Oluayebenz, i said basically old folks and people with medical conditions. Please quote me right, i use God beg you. 5 Likes |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 8:29am On May 17, 2020*. Modified: 12:12pm On May 17, 2020 |
The reason why millions of Americans are now queueing on food stamps and don't have the 10% of 250k usd is simply because of the lack of saving culture over there, not because of unemployment or suffering . An average American don't have fear for tomorrow, you get unemployment benefits when you lose your job, social security benefits kicks in as soon you're medically unable to work or as soon as you're 65years, This is the reason they live from paycheck to paycheck and have no reason to save up. Unlike Nigerians, too many fear of the unknown, they accumulate wealth for fear of everything, very competitive, and to oppress their friends and family, in the process they develop high blood pressure, heart related issues because they don't know when to stop. When he dies young, people start saying he was a ritualist, meanwhile he died of restlessness. It's very illogical to say you're better because have 100m naira. Have you put the quality of life into consideration? You have 100m naira, yet you're sleeping in darkness or at the mercy of the noise from generators from your neighbors, you have never driven in a comfort of a brand new car, never been to vacation outside Africa, never had great medical care, never had a family picnic, allyou do is work work and save because your are scared of getting broke. Big and small business owners in the United States are being bailout by the government as we speak per the covid 19 because they have to be back in business. what happens to the Nigeria corporations and small business owners in Nigeria right now? Perhaps eating their capital as we speak. You can have money and still live below poverty line and you can have little and live like a king. Most landlords in Nigeria think on buying the next plot of land and next bag of Cement, while the tenant thinks about drinking the next bottle of beer with pepper soup and stanby gen disturbing the peace of the landlord. Savings is relatively subjective 18 Likes 2 Shares |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 3:26am On May 17, 2020 |
one of the main reasons we are not seeing a lot of dead bodies in nigeria from this covid 19 is because of the poor medical care in nigeria and Africa as a whole. In nigeria is either you are sick and dead or your are alive and healthy. The poor medical care in nigeria has made it impossible to have people with medical conditions. Someone with cancer will die within 5 years, someone with common headache will die for no reason. A corn-tree where someone dies after a brief illness. Very hard to see people in their 80s in exceptions of few grandparents who are genetically superior, not because of proper medical care, of which their ages are highly inflated due to no proper age documentations. ages being given based on how old they look, their old looking can be as a result of poor care, hygiene and village lifestyle. In 2002 when my grandmother died, her age was dated at 103years. She looks very old, walking with a cane and a saggy back but her last child at the time was just 38. As a very young teen at the time, i told my mom that it was impossible for her mom to be 103. She said the age was estimated based on the stories she told and the oba who was ruling when she was a little girl. People dieing in the west of covid 19 are basically old folks and people with medical conditions. They have a lot of them over there, because medicine are well practiced there and can keep their people alive regardless whether they are sick or sound. Everyone has the right to live. Taking someone to the hospital in nigeria and across Africa is like taking a corpse to the mortuary. I have never seen someone with respiratory problem in the street of Nigeria carry oxygen around. 8 Likes |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 2:48am On May 17, 2020*. Modified: 7:58am On May 17, 2020 |
ahiboilandgas:what you've said is not all true. While most houses are owned 100 percent in nigeria, there are reasons why people that live in the west opt for mortgage vs buying out of pocket. Using the United States for example, you can get a mortgage as low as 2.9%APR, most folks would rather invest their money at 4% or more while maintaining the mortgage at a very low APR. Example, in 2017 when i bought a new car, i had the cash to pay in full, but i took out a loan at 1.79% for 36 months and i invested the money at over 7%. It was more or less i was making profit from the car The fear of home prices going down can also make some people to use mortgage vs buying out of pocket. Take a look at the great recession between 2008 to 2012 when home prices fell to almost nothing in the United States. Houses that were bought for over 300k usd were then sold at 100k usd or less. People who bought in 5 years or less were on negative equity, the only option was foreclosure or ask the lender to give you a new principal based on the current home value. Imagine if you had bought in cash for 300k and your house now worth say 100k? The loan and mortgage options are just so convenient in the United States provided you have excellent credit, that's why some folks can even abuse it to go on a family vacation. Some people build houses in Nigeria for 5 years or more while the money is being tied down in an incomplete building and still paying rent to a landlord during that time or a civil servant for 30years in service can only afford to complete an average finished 3bed room bungalow. In Nigeria, it's almost impossible to land a job that will land you that 100m naira networth in your life time without additional side hustle, while in the U.S for example, a little above minimum wage can give you that in 7-15 years if properly managed. You don't have to be a rocket scientist to live comfortably in the west, with good security, infrastructures and basic amenities. It's true people live in big houses in Nigeria. Of what good is it if there is no electricity in it and no good road leading to the haunted mansion? Note, people also live in big houses too in the United States. As they say, everything is bigger in Texas. Your assertion is based on favorable opinion, not necessary the truth persay. 15 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 10:45pm On Apr 28, 2020 |
times like this is when we push our boat to real estate. January 2017 when we were in times like this. Dollar was 480-500. I bought a land measured at 100ft by 100ft for 4.8m naira and one side of the land has an incomplete 2flats of 3 bedrooms each at a roofing level. Fast forward in 2019, the same street someone sold 100 ft by 100ft for 7m naira with nothing inside the land with plenty abeg. This shows if i was to buy the land now, I'd have paid 10m naira or more. By the special grace of God, I'm currently building a 6flat of 2 bedrooms each on the other side, hoping to complete it in 2 to 3 months time. 120days is my estimated time frame for it. Real estate is one of the oldest businesses and in times of inflation, it has a way of standing out. My mom built 2 houses of face me, i face you in 1968, up till today with little renovation she is still getting money from those houses. She said she has gotten the money of those houses back like a million times. If you don't know what to do with your money, build a house for tenants in habitable environment , you will never run at loss. If dollar self go up, house rent go increase. You might think the rent is low, but a time will come when you will make the money used in building that house in rent for just a year. House my mom built less than 1000 naira, she makes 5000 naira now from a single room in a month times 26rooms, that is 130k naira in a month and over 1.5m a year. #Fact! 7 Likes |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 4:30am On Mar 31, 2020*. Modified: 6:45am On Mar 31, 2020 |
TotoNaRubber:dagote will even make more profit self. He buys a barrel (159 liters) at 19usd and sells at 115 to 120 naira a liter to the distributors. Even if he decides to sell at 80naira self he will still gain. The losers here are those that are selling the raw material, not the finished product. Na as you buy you go sell, but here, he's buying low and still selling high. My only only fear for dangote is why not invest on renewable energies since that is the direction the world is leaning to right now. In 10 to 20 years from now, newer car models will be fully running solely electric and solar. The fate of fuel will then be like that of kerosene now Over to the economists. 8 Likes |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 12:04am On Feb 28, 2020 |
unite4real:i think you guys are not reading in between lines. It didn't say you can't withdraw transfers, it only says you can't transfer deposited cash. Cash Transfers can be transferred Deposited cash can only withdrawn 1 Like |
| Sports › Re: The NBA Begins by Thisnut(m): 1:26pm On Feb 07, 2020 |
Roland17:Apart from him, which other player from the eastern conference will make a starting lineup in the western conference? He's alone in his own world now until KD comes back. East is the french league of the NBA 1 Like 1 Share |
| Travel › Re: General USA Student Visa Enquiries-part 15 by Thisnut(m): 8:34pm On Dec 23, 2019*. Modified: 1:22am On Dec 27, 2019 |
Any Houston link up here? |
| Foreign Affairs › Re: Donald Trump Has Been Impeached! by Thisnut(m): 4:11am On Dec 19, 2019 |
byrron:and that is not abuse of power? She has done her part, let her send it up and let the senate do theirs. Whatever the 53 Republican senators, 45 democrats senators and 2 others decide is their votes just like her circus of clowns just did. Last year they wated to impeach him because of American football comment. Democrats are very petty. 3 Likes 1 Share |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 2:58am On Dec 19, 2019 |
CanadaOrBust:checked 1 Like |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 2:47am On Dec 19, 2019 |
President Donald. J Trump is still the president of the United States of America |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 2:22am On Dec 19, 2019 |
so only 2 Democrats actually have sense? Shameful day in American history |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 12:27am On Dec 19, 2019*. Modified: 12:23pm On Dec 19, 2019 |
topsam1:Clinton was impeached by this same house but was exonerated by the senate . Still a long way to go. I spite on democrats, very shameless set of people. One fool from democrats said her little son asked her to vote for impeachment.  Democrats, just like the northern Nigerians, have that entitlement mentality, they think they are supposed to be ruling the country. All obama could do in 8 years was Gay marriage right Abortion up till 8 months You can't preach Christianity at school and work places anymore. Transgender all over everywhere. Go to Atlanta, no men in that city anymore, they are all now women. Kanye west could have been a better president than obama. President of Ukraine said no quid pro quo(the supposed victim) so case closed We the Republicans, we shall build the church and the gate of hell shall not prevail 5 Likes 2 Shares |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 10:50pm On Dec 18, 2019 |
DexterousOne:which law did he break? Is joe Biden his political opponent? Right now Biden's political opponents are those in democrats fighting for the same ticket. Until he wins the primary, he's not a political rivalry with president trump. Joe Biden is not even the front runner for the ticket, the last i checked he's number 3 on the pull Obama and Biden investigated president Trump during his election like their lives depend on it. He's the president and making decisions unbehalf of 63m voters who trusted him with the right decisions. If that includes to investigate Joe Biden over corrupton so be it. A shameful day in America history Shameful Democrats Shameful Adam Bennett Schiff. I vote NO 1 Like |
| Travel › Re: Danfo Driver Who Took One-Way Fled & Abandoned His Bus When He Sighted Sanwo-Olu by Thisnut(m): 9:23pm On Dec 18, 2019 |
why is he running? It's just a mare traffic violation. The worse they can do is write a ticket for him. Running from the law can escalate it to felony. Obey the law and have peace if mind |
| Foreign Affairs › Re: President Donald Trump Impeachment Updates by Thisnut(m): 7:25pm On Dec 18, 2019 |
dead upon arrival. Thirsty demonstrates. Shm They forgot after flexing their muscles, trump will still go to the Supreme Court where he appointed the chief justice himself. Thanks to obama for being a pussy and not appointing a new chief justice in his last year of presidency after the death of the previous one. Clinton did far worse. Lied under oath, used his power to have affairs with his secretary and more. But still won after all the gra gra. Democrats have been looking for a way to impeach a working president since day one, even before his inauguration . They will lose and trump will win Elizabeth Warren or joe Biden in the next election. 4+4 for president trump Pathetic democrats. 13 Likes 1 Share |
| Investment › Re: Treasury Bills In Nigeria by Thisnut(m): 5:57pm On Dec 15, 2019 |
TotoNaRubber:na every year you dey buy car for 5m? pointless argument. Cost of living has nothing to do with inflation. Go live for mahanthan, san francisco,( USA) Paris,( France) or seoul (south Korea) wey them get good economy, then you know that you argument will only hold ground in a beer parlor 8 Likes |
