₦airaland Forum

This guy must be MAD.
Implement N100,000 minimum wage and watch the naira become useless....
what's wrong with this guy

Femijohn198:
US practice one chamber why Nigeria practice two.nigeria government Na big thief.

Will you keep kwayet!!!!!!

The U.S. has house members, as well as Senate

don't come here and spread falsehood biko

To me, I like Mr P more, and consider him bigger
More endorsement ), and more shows; both at home and abroad.
Though I like Paul's fire fire. That song is lit
I wish them all the best.

dasparrow:
I bless God I do not reside in Nigeria. I cannot work with Nigerians because of their bigoted tendencies. It is the same reason I keep Nigerians at arm's length here abroad. I have never met a more bigoted group of people like Nigerians.

A!lot of Nigerians are narrow minded bigots.

big shame

The way they see life is just appalling

Troublemaker007:
When u ready use one of ur family people or mama do the juju I know someone who can take you there. You think billionaire na for teeth abi or spending all your time in Nairaland.

See your mentality

That is why you are the way u are.

Troublemaker007:
Airforce1 I know u are naturally stwpid and immature so I won’t comment on your stwpid thread.

But you just commented

Dumb ass nigga

Royce20:
Why do you hate E-money?? You even went as far as calling him a yahoo yahoo man without any evidence. If per-adventure he decides to sue you for defamation, what would you do? It's not his fault that you ain't rich. And this goes to all Nigerians Maybe Africans, we seem to hate the rich. That could be the reason for the extreme poverty in this part of the world. When we start celebrating the blessings of God on the rich, we voluntarily or involuntarily attract riches to our lives. Stop hating on rich people and channel your hatred and frustration towards being rich yourself.

Please let's stop hating on the rich.

God bless all naija billionaires, I go join una very soon.

Africans in general, Nigerians in particular hate the well to do, and can kill them if given the chance

As if they are the reason for their poverty and wretchedness

Awon smellos

No thanks
marrying one woman is enough problem and trouble
You now want to Marti two
I am sorry for you

Orikinla1:
He is a liar. No tricycle taxi driver makes even N50, 000 monthly in Nigeria.

You are WRONG
If the Tricycle is yours, you will make much more.
Don't underestimate them

2buffagain:
Meh. Everyone should be allowed to hope and pray.
It is natural for a woman to seek richer suitors. Guys just need to get over it.
A rich dude is like a cute woman with a big ass. Know that all the other members of the opposite sex wants in on that.
So if as a guy, you are broke, you might lose that girl to mr moneybags.
Just as if you are a girl, and you are ugly and without a sexy body, you might lose that rich man. #GetOverIt

That's just how it is. It's serious business. Why do you think women save all their money just to go suffer risk of silicon leakage by getting a boob/butt job? It sure ain't for your broke ass. She is trying to secure the attention of Mr Moneybags.

So let it be decreed as such:
If thou art male, and thou art broke...go for ugly and/or plain girls who will give you peace of mind...for the alternative, thou canst not hold.
But if thou art female, and thou art decrepit and without a pleasing female form...go for broke guys who cannot get better...for the alternative, thou canst not hold.
Amen.

Simple and short.

Threads like these give "broke" Nigerian guys heart ache

That's why many of them are talking rubbish in the previous pages

Xisnin:
Banks are the worst in the bold practices above, I see no reason why they should judge businesses based
on those criteria.

Well, the main determinant for loans from my knowledge, is the financial track record of the business entity.

Besides, most "small businesses" are JOKERS.

No financial track records, shoddy business plans, atrocious work ethic and customer relations and the list is endless

And they expect the financial institutions to take them serious.

The serious ones oftentimes get the loans.

Nigerians are just bitter people.

Accessbank got it right in my own opinion..

Just that they need to really do more background checks and keep proper records.

Access bank owes the "small businesses" nothing.

HoodBillionaire:
how to know the borrow pose from the real ones.
just let sickness catch them.
pls donate into acct nos so so so..

na dia u go know say ders diff btwn 6 and half a dozen
fowl yansh go open.

Will you keep kwayet!

engrjacuzzi:
is education really actually the way to riches?

Education only enlightens you, and gives you knowledge

One going to school with the sole aim of accumulating riches is setting himself up for big disappointment

japhethGold:
Hello, It's great that you are thinking of investing your money and not spending it. I suggest you should invest in daily consumable product such as provisions-food(Nestle millo,hollandia youghurt, etc). I don't know where you reside in Lagos, but look for one of these companies sales representatives in a neighbourhood market and discuss with them if they can give you at a reduced price that you could in turn give it to market women in the same market at wholesale price and make a margin. Note that the margin might be small but when your turnover is high you will be able to grow your capital rapidly.

Please don't give anybody your money to invest on your behalf because people and generally dishonest. I have lost about a million Naira recently by depending on people, hence my advice. Don't give your money to any one to manage on your behalf.

Goodluck.

good idea

rationalmind:
Monitored it for a few days when I started and the earned interest matched the quoted yield. I have since lost track but now that you've called my attention to it, I'll monitor over the next one month and revert.

I agree with you on the lack of transparency, you can't even know how much interest they are making off your money. All you know is whatever rate they choose to display on their site.

I recall going through stanbics website and they never mentioned their annual management fee(or I didn't see it). For all I care, they could be milking as much as 3% off investors who are bearing all the risks.

I think the reason mf enjoys a healthy inflow of cash is the lack of better low risk investment alternatives. Tbill isn't any better, same with FGN bonds and FD is not even an option.

The day a better alternative comes, funds will dry off mfs same way the funds rushed in.

The Nigerian factor at play.

very dishonest people

deenee:
Apparently, there are a lot of uninformed people on this thread.

Mutual funds are not a bad idea once you get your investment strategy right.

What I see with most typical Nigerian investors is that they always want the quick way out. Always looking for the next "big transaction" that will turn their investment principal of 100k into 10 million etc etc. However, sorry to bust your bubble investments are not that way and if you are not rightly informed and use the information in due course, there is a high tendency to be back at "ground zero".


A mutual fund is a collective unit investment scheme where a fund manager pulls together funds from all categories of investors (retail, corporate, institutional, government etc) and put such in varying investment vehicles depending on the risk appetite, expected ROI and investment decision of the investors. A unit price is usually ascribed to the pooled investment scheme. This is the reason why we have mutual fund managers that use names such as "aggressive growth fund, equity fund, capital market fund, ethical fund, money market fund" etc all coined to differentiate the different classes of investment.

The name used for the type of pooled investment is usually determined by two basic factors namely the risk appetite and expected returns. Hence in this regard, a money market fund would typical fit investors that are risk averse and would prefer just minimal returns on their investments which would mostly consist of government backed securities (T.bills, bonds etc). A risk loving investor might consider investments in aggressive or equity fund wherein risk is high and so also returns.

Mutual funds can also be closed ended or opened ended. A closed ended MF is one where the fund is not open to secondary investors and wherein an original investor can only liquidate their investment after an agreed period has elapsed. This type is very uncommon in Nigeria and used mostly by pension fund managers in the West. The open ended is the opposite.

I usually advice people to have a portfolio depending on their risk appetite. A typical portfolio should have the following cash, FD, Tbills, your voluntary RSA contributions with a seasoned PFA,money and capital market investments, proprietary holdings, real estate (not essential for beginners) and mutual fund investments. The advantage with MF of course is that you don't have to worry about daily monitoring as you are already paying the fund manager to do that and there is also the risk of portfolio decline as we have with all other investments including the "almighty risk free T bills".

Speaking of T bills, do people really consider the real rate of inflation when calculating their ROI on T bills? I guess the answer is in the "affirmative" since every body here seems to think that T bills is the next best thing after man "discovered fire" and for those who think that T bills are risk free, just wait till the government defaults on repayment of a maturing T bill tranche.

I guess a lot of people are quick to forget the silent trigger that caused what we all now know as the "European Debt Crisis".

Finally, please do your homework well, read far and wide, understand why you want to invest, create a balance between short term profit taking and long term gratification, check the amount of funds you are willing to commit and lose (yes you will surely lose some) and ensure that your investment strategy is backed up by consistency in three areas namely....consistent contributions, capital reinvestment and continuous learning

All the best!

You have a point

spiralwedge:
Please if you are on Stanbic Money Market Fund, explain.

I have an MMF account since Jan. I decided to use the subscription feature of the APP to increase the fund 2 days ago.

The payment was acknowledged by email but hasnt reflected on my app. It's still the old balance showing.

ALSO,
Beneath the Balance, it shows the interest amount. When I am redeeming the money is it the interst and my capital that i can withdraw or the whole of my balance?

Thanks

The money should have reflected by now.
go back and check

bamidelee:
i hope you get papa for house

Will you keep kwayet!
Buhari deserves every insult he is getting

Wow...
I've missed a lot on this thread o

charleoj:
I don't know who you are but I will tell you that Dept of Pure and Applied Biology, LAUTECH has the highest number of wicked lecturers. A friend of mine (Class 07)was given 7 Fs in his first semester final year just because they don't like his dressing.

you don't need to tell me. The name of the lecturer that did this to you will Dr Yekeen. I don't even know if he is a doctor yet. His reasons for being cruel is because he graduated with a pass while in school. So, no student deserves to graduate with a better grade and if you are unfortunate to be in his black book, it might take a while before you graduate.

I'm saying this now because 5 years after I've graduated, someone is talking about the same treatment from this department. It is so sad.

And if you check out the life of some of these lecturers from this department, you will see that they've not really amounted to something over the last couple of years.

So someone who graduated with an ordinary pass is a lecturer
Oh lawd in heaven

Engrr:
If u had put as much effort u put in writhing this in his course, u could have passed!

That's not true

Some lecturers in Nigeria are just wicked
Simple and short.

Skepticus:
Spot on.

Don't you see the poor being die hard fans of the rich.

The mentality of the average Nigerian towards privilege, wealth and opportunity is sickening

exactly

harmbhrosz:
lol I guess you were expecting him to come and develop Africa for us abi

Don't mind the mugu

He does not know that failure is an orphan....

aieromon:
Fellaini out
Pogba in

better

Wiseoldman:
If you need to laminate. Get one of them new clear printers and make an exact color copy. Then laminate that copy, leave the original intact!

That's a good idea tho

Na wa

anori:
I stopped watching MMF rates after I diversified. GIF and Bond are doing so well. I am even putting more in equity. Its no longer scary.

hmmm

I'm watching the bond fund, as well as the balanced fund

that will be my focus in the coming months

God help us