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Phones / Re: Xiaomi's Flagship For 2021, The MI 11 Is Out. (specs And Price) by tomtom370: 10:47pm On Jan 02, 2021 |
Happy New Year, bro. Would be be kind to continue your thread on airline hacks? JFT24: JFT24: |
Family / When Is Children’s Day - Nov 20 OR May 27? by tomtom370: 8:51am On Nov 20, 2020 |
I have monitored global events and I realise the UN and other international bodies are marking today Nov 20 as the World Children’s Day. But I recall growing up that we’ve always celebrated Children’s Day on May 27. What has changed? Do you as a Nigerian believe in the global Children’s Day marked on November 20 or you’ll stick with May 27. When is actually Children’s Day? Which day do you recognise as Children’s Day - May 27 or Nov 20? |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:55pm On Jun 11, 2020 |
Over a month? I withdrew a lump sum from my Dom account with FCMB barely two weeks ago. The process was seamless. You might have to ask more questions. Best! LandMann: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 3:54pm On May 17, 2020 |
The Internet is a leveller. It breaks barriers and provides a level playing field for all regardless of your location, status or gender, et al. Your output is dependent on your input - thoughtfulness, resourcefulness and tenaciousness. It’s pretty much the same way most of us won’t have known or met each other and share ideas without the power of the internet. Yet, some persons are only using their own access for social media rants. You can make hundreds and millions of dollars from any part of the world via the internet. Do you know how much some Indian and Pakistani programmers earn online? Skills and values make the difference. I know tens of Nigerians who work remotely here in Nigeria and make a minimum of 1.5million per month. About the blacklisting and restrictions, every entrepreneur must be a problem solver as such seek out alternatives to those barriers. We profit through problems and crises. dake40: 3 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 5:58pm On May 15, 2020 |
Fantastic proposition. It’s unfortunate that the housing deficit continues to grow despite available strategies and resources to tackle it. I don tire sef! Thinking of Nigeria’s problems could be overwhelmingly depressing. emmanuelewumi: 2 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:38pm On May 10, 2020 |
So true...Direct management is always brutal. But the default came even with an estate manager involved. The first and only meeting was facilitated by the manager. The matter just tire me...But I know the law can handle it. I’ve read everything about eviction and consulted the manager. emmanuelewumi: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:35pm On May 10, 2020 |
Na wah ooo. Poverty mentality don too limit our people so tey dem no fit come to terms with people decently making money in their early years and investing wisely. ahiboilandgas: 2 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:31pm On May 10, 2020 |
Well noted, sir. NSE is quite an interesting space with the right knowledge and discipline. Recently ventured in; made some gains, made some losses...Still learning but it’s been exciting. US Stocks are also quite good...Helps with hedging, amongst other things. ukay2: 1 Like |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 7:23pm On May 10, 2020 |
Damn! How long did he refuse to pay before you took him to court? I have a tenant like this. The first and only time he saw me, he said: “where did a young man like you saw money to buy and own this property?” I was like see question ooo. From that moment, I knew he had the possibilities of undermining me. I simply handed him over to the estate manager, yet he’s refused to pay. He recently paid like 40% just before the lockdown. Might take legal action against him after giving him two months post-lockdown grace. Godbpraised: 3 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:59pm On May 10, 2020 |
Nigeria’s economic stake-up is happening too fast. I presume you’re not referring to “investing in the real sector” when you wrote about thinking outside of the box. If it is, then, it’s too advisable to “think outside the box” in Nigeria. Doing business in Nigeria is hard. Preserving your money is harder. The system is naturally designed to fail people, businesses and systems. Do you think most of the private entities investing in those financial instruments (TBills, Bonds, MMF) aren’t business-oriented or don’t want to make more money by investing in the “real sector”? Investors would rather preserve their capital and accept a marginal interest than invest in an unpredictable market/business. This is one sentiment that’s been widely expressed here and elsewhere. Why? Because the basics of running an effective, profitable and sustainable business in Nigeria are non-existent, making it harder for altruistic businesses without political or social affiliations to succeed. Take out government, multinationals and big corporations spendings from our national earnings, what do we have left? There’s no basis for the core engine of the economy MSMEs; no structure, system, support and modeling for them. Do you know the number of businesses that fail even before they start (first three years)? How about those who die between the 3rd & 5th years and even before the 10th year? You might also want to check up the numbers and processes of big corporations as well. It leaves much to be desired when fully comprehended. ukay2: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 5:22pm On May 08, 2020 |
Cost of living, you mean? Godbpraised: 3 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 1:14pm On May 08, 2020 |
It’s refreshing to read your analysis. It reflects some thoughtfulness. You posed more questions than answers, howbeit, with clear justifications. In all, every individual must take responsibility for his/her life. Best wishes to all Nairalanders, Nigerians and Africans. LordAdam16: 1 Like |
Travel / Re: Car Crushes Man Making Video Call To Girlfriend On Abeokuta-Siun-Sagamu Express by tomtom370: 9:22pm On May 07, 2020 |
Quite an unfortunate demise. But then, why did Punch Newspaper had to reveal the name of driver and number plate of his vehicle? Not sure that’s ethical and socially responsible. Crownbefitsme: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:16pm On May 07, 2020 |
Very apt! The next question would be; how do we influence, perhaps, kickstart this culture? LordAdam16: Influence is a major tool of behavioral and social reformation. The journey to this cultural/social shift has to start with individuals who will then influence those around them, especially, within the family space. The sequence, I presume, will be: Personal - Family - Neighborhood - Network/Social Circle - National. Trust me, this isn’t a 5-10 years goal. ojesymsym: 4 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:09pm On May 07, 2020 |
Wow! Thank God you’re better off now. Quite sure everyone has an experience/story with suffering, though relative. Suffer pass suffer. The main thing is not to forget to learn the most valuable lessons through every process. ukay2: 3 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:56pm On May 07, 2020 |
You started pretty well with good home support. A lot of people never had such exposure, experience or even motivation from the home or environment. Na school of hard knocks reshape us, though, it was almost too late to catch up. Back in secondary school, I had a friend who would hustle and give his mum some money to save for him. Guess what, the mum was spending the money. When it was time for him to retrieve the money, story start. Invariably, that’s a point of discouragement to work, earn and save. If everyone can learn to live within/below their means, no one will be a financial burden to another person. ukay2: 6 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:23pm On May 07, 2020 |
Thank you for the kind words. Interesting thoughts. But what spurs such saving/investing mentality in a child? Environment, education and exposure are strong determinants of an individual’s greatness or otherwise. Every child is often a product of the lessons learnt from his/her parent, home, school and all, that’s why kids who’re thought or perceived a culture of management/saving and investment from their parents will most likely follow suit, while those who grew up seeing their parents getting loans to finance parties and live outrageous life will mostly likely follow suit. It’ll take an extra form of personal introspection and pursuit for the kids from the outrageous background to outgrow and change that pattern, if he ever gets to see the other side of that life. So, yes everyone has got to be responsible for his or her own financial destiny, yet certain foundational traits trigger such instincts and idea in a child, primarily via the family. 9jatriot: 10 Likes 1 Share |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:03pm On May 07, 2020 |
Making, managing and multiplying money is a skill that can learned and mastered. Some of the major reasons Africa has sustained its poverty pedigree are poor planning, financial illiteracy and mismanagement of time, funds and other resources, not just on continental and national levels but individually and family wise. The average African never got exposed to financial planning and management. S/he thinks it’s an unnecessary suffering to save for unforeseen future, a notion premised on the ideology that “tomorrow will take care of itself.“ So, when a young man who has no financial footing meets a beautiful lady without financial intelligence as well, they both start a family on sheer optimism without financial intelligence on making, managing and multiplying money. Soon, financial crisis starts and it’s adduced to the devil and spiritual forces. 90% of marital problems are money-oriented (personal data). This is one way Africa has sustained a circle of generational want, inadequacy and poverty. Question: How can we improve the financial intelligence/literacy of Nigerians because it holds the key to solving many problems in individual, corporate and national life? emmanuelewumi: 19 Likes 2 Shares |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 4:55pm On May 07, 2020 |
So true! And beyond being a laughing stock, which is a public reaction, such a person will be under huge financial pressure that’ll affect his psychological and physiological wellbeing. Financial stress is never good for anyone. Can only wish people can manage their resources better. emmanuelewumi: 3 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 4:51pm On May 07, 2020 |
2 Likes |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 4:50pm On May 07, 2020 |
You can invest it in Eurobonds. It’ll yield more value than laying fallow in your savings account. Entry fee is $1,000 with United Capital and $2,500 for FBN Quest. chidekings: |
Investment / Re: Us Stocks Pick Alert by tomtom370: 11:35pm On Apr 20, 2020 |
With the historic slope in oil prices, what’s the market outlook for stocks investors? |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 3:53pm On Apr 01, 2020 |
Your caution may not be accurately situated. Bonds are long term investment tools (5-20 years), and you don’t expect that Nigeria will be in a terrible economic state for a minimum of five years. The yields which are paid quarterly or bi-annually, are not much of a burden for the government or funds managers. Mind you, the average Eurobond investor here doesn’t buy directly from the government, rather from a pool (your investment outfits) who surely have a capital base and an accumulated balance sheet of yields for years. Meaning whenever you request your funds, they’ll have it available for you within the stipulated timeline (usually 24-72 working hours)...So, you ain’t collecting the funds from the government. In fact, government needs all the dollars they can get now. It’s just good that every investor make their findings before committing funds to anything. I read someone here lost over $1,000 in Eurobond investment. I’m really interested in the details of such, cos a lot have people have made money and hedged their funds against depreciation. TotoNaRubber: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 4:35pm On Mar 27, 2020 |
Yes but it’s a checking account that can only receive from a company account. You’ve got any offer? presiade: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 3:29pm On Mar 27, 2020 |
This morning, I made a cash deposit of some USD into my FCMB dollar account and later transferred it to United Capital...My account was debited, it was successful. United capital confirmed receipt. Out of curiosity, I asked the customer care personnel at the bank who said the “supposed restriction” only applies to cash deposit/transfer beyond $10,000 per week. Meaning, you can deposit up to $10,000 per week and transfer same electronically. Tomtom, reporting live from China! speak2lift: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 8:28am On Mar 27, 2020 |
Logically true! Any way, I’ll be interested. presiade: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:46am On Mar 27, 2020 |
United Capital never accepted cash deposit, way before any directive from the CBN. Perhaps, the CBN says the directive isn’t as you explained...Maybe the banks are just the ones making it up. I’ll be testing the directive with some funds soon. At $20,000 minimum inflow, Stanbic isn’t giving small portfolio investors much of a choice. The system is rigged against the low and average citizen. speak2lift: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:44am On Mar 27, 2020 |
Please inform me when you see at this rate. presiade: |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 6:43am On Mar 27, 2020 |
Thanks! Got a 399/$ offer on Wednesday but I didn’t take it. Only to realize it was sold for 405/$ on Thursday. Had to buy at 400/$, knowing it’ll still go up in coming weeks. TotoNaRubber: speak2lift: |
Investment / Re: Why You Should Stop Playing With Your Most Valuable Asset. by tomtom370: 7:08pm On Mar 26, 2020 |
TIME! |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 7:05pm On Mar 26, 2020 |
Has anyone bought dollar of recent? What’s the current rate? |
Investment / Re: Treasury Bills In Nigeria by tomtom370: 9:43am On Mar 09, 2020 |
LOL! We all should be more worried about the implications of the downward slide on the Nigerian and global economy as a whole, way beyond Tbills rate. michealekene: 1 Like |
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