Stats: 3,228,541 members, 8,075,177 topics. Date: Monday, 10 February 2025 at 03:28 PM |
Nairaland Forum / Tobex4realTobex234's Profile / Tobex4realTobex234's Posts
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2k by 2025 feels more likely. Once again invest in dollars now. Forget all these Sukuk bonds. Note: only do this if your time horizon is at least 1 year 2 Likes |
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Omorh ![]() ![]() 1 Like
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bjtinz: How una they always talk this kind thing with confidence na?? See an example and tell me how the gains is useless. Mr Local and Mr Global have a kid in Covenant university with school fees 1m per session. Mr Global Year 2021: He bought $2000 with the 1m Year 2022: He only has to convert $1200 to pay the fees and has $800 kept. Mr Local Year 2021: He invested the 1m in tbills Year 2022: He now has 1.08m. He pays 1m fees and has 80k saved. 4 Likes 1 Share |
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richforever123: I agree that there are bigger problems but which of us on this forum can solve that problem? Even the entire EU is facing weakening currency against the dollar. So na by investing 1m in tbills go solve the problems? You guys on this forum always want to misconstrue my point. Step 1. Anyone that has a discretionary income of 500k can already start investing in USD even from today. I started buying AAPL shares when dollar was 320 to a dollar. With 500k discretionary, that was about $1562, today it can only get $588. Step 2. Have dollar income. Learn a skill if you're young, you will be paid global rates from Nigeria. E.g software development, product design, project management, writing e.t c Step 3 Get dividends from your USD investment. Nothing sweet like earning a strong currency passively. 3 Likes 1 Share |
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zamirikpo: I love your patriotic optimism, but there's only a handful of sectors today that thinking local would work for, because we are an import dependent nation. We don talk am for here before, prioritize USD but una no they hear. You can't be more patriotic than the government, the FGN holds dollars, delegates collect their settlement in dollars, even banks they give customers money to receive dollars to their account. Instead of hating the dollar, see yourself as a global citizen. Flights of just $1k go soon be 1m naira. But it's easier for me see the cost as $1k than 1m naira. We are investors and we should be able to maximize our returns within ethical parameters. USD instruments fit nicely into that, I don't get why it's detested so much on this forum. 13 Likes 1 Share |
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[quote author=ifecx4real post=115165071][/quote] Hi guys, I'm about to trade with him. How legit is he? |
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I hope we don't vote another clueless president. If we do, 1k per dollar is very likely by 2025. 4 Likes 1 Share |
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So sad. Exactly one year ago, dollar was 520. 34% gain doing nothing. If you invested even at 8%, you're 42% profit. Emefiele is making this shit too easy. I would say that the best investment for anyone to make now is to find a way to earn in dollars. Because changing naira to dollars is not even sustainable. 6 Likes 1 Share |
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1 USD = 670 ![]() Every month I send money home, I've had to exchange less and less dollar equivalent. Na to go find naira loan like this ![]() ![]() 3 Likes 1 Share |
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Dollar limit on naira cards are now $20/month. Virtual USD cards are being banned left and right. PTA has been almost impossible to access from the banks. Getting forex to pay for school fees has become increasingly difficult. So, the dollar rate is not artificial, just wait for September admission Japa wave to U.K and January admission wave to U.S, if CBN doesn't provide forex for these needs, the scarcity of dollar would push it to 650 by 2023. 6 Likes 2 Shares |
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Ugmama: If you don't have expenses in naira in the short term, I would say diversify NGN 20% and USD 80%. Invest the NGN in Tbills at 5.5% Invest the USD in Eurobonds circa 8% or buy $VOO, $VTI if you're into stocks My primary advise has always being to invest in dollars. But more importantly try to earn in dollars. 6 Likes 2 Shares
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Omorh!!! 1 Like
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just2endowed: Na Germany I they boss. But I think even in Nigeria you can use Aboki Africa(Grey) or Transferwise. There's a lot of options honestly. 2 Likes 1 Share |
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just2endowed: Stocks. Crypto. Then keep some Euros in my Deutsche Bank. 1 Like 1 Share |
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pizapato: I'm on 10% naira now lol 1 Like 1 Share |
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How true is this? 1 Like
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2022 Na to double down on dividend stocks mehn. 4 Likes 1 Share
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emmanuelewumi: Investment mistakes: Not having liquid cash. I missed out on some same day opportunities because I didn't have instantly available liquidity. Best returns. Stocks: Tesla (200%). Microsoft, VOO, Zoom and Facebook also gave very good returns. I'm taking profits now Sha except Microsoft and VOO cause they pay dividends. Crypto: Ethereum (300%) Bitcoin (80%) 2022 plans 1. I want to do some physical investment. So I will continue to try different business ideas. 2. Researching about Trust Funds. 3. Putting less than 2% of my capital into NFT's and other metaverse projects. 4. Do all I did in 2021. 9 Likes 1 Share |
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emmanuelewumi: Logistics business Dishonesty. Riders and sales agents trying to patch up figures just to get additional funds into their own pockets. Consulting business Yes Sir attitude instead of creative thinking. People calling me boss, Sir and waiting for instructions instead of being creative and thinking outside of the box. Gifting and packaging The university students that I recruited to help with hamper business couldn't learn how to wrap gifts and hampers on YouTube. Those are the 3 businesses I have had to pause for now. |
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emmanuelewumi: With my experience with SME's in the past few months, we have a bigger people problem than a cash problem. 1 Like |
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LagosInter: Lol. There are 2 categories of online learning. 1. Traditional universities that offer their programmes online. 2. Online universities that are entirely online. If you stick with one, what do you mean by they have no credence? So my University of Illinois Masters have no credence because I'm doing it online. Why una like sufferhead for that kontiri ![]() No worry by end of 2022 when I go for my graduation, you go still they here they doubt online degrees. 2 Likes 1 Share
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Codeacademy helps with practice better than Coursera. Coursera is more about the "why" and Codeacademy is more about the "how". If I were you I would use both. 4 Likes 1 Share |
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Na so una wan argue enter New Year. Una no get happy home? 1 Like |
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So Emefiele is playing politics with this acquisition again. After playing politics with fintechs licensing, SEC confusion over cryptocurrency, and naira exchange rate. These people are so self centered with everything... So sad. 1 Like |
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I can't ascertain the veracity of your Meffy intents but just so you know, Titan Bank is backed by America's Citi bank. |
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Disrupt everywhere. But silently. Hahahha 1 Like
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emmanuelewumi: Those infrastructures I mentioned up there are totally government responsibilities. We have a ton of tech startups, but it takes the government to fix electricity. We have logistics companies everywhere, but the government has to fix the roads and the rails. We have the population, but the government has to come up with policies that will favour them to run businesses. So I don't get you. 2 Likes |
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I am not a naira investment expert but to the guy asking why can't the government lower the interest rate. If naira interest rate drops to 7%. Please why will I invest in naira when I can invest in KES at 10%, USD at 7%? Note that historically and even the futures of these currencies are way stronger than the naira. What I think the government should do is to fix electricity, fix security and make sure the environment is more conducive for business. All these portfolio investments won't move the needle in terms of the productivity of the citizens. 3 Likes 1 Share |
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