₦airaland Forum

Blame GEJ as usual.

When it comes to saving and investing, most of us are not as disciplined as we would like to be. Some set some money aside for some months and then nothing at all for several others. Indeed after the stock market decline in 2008 many people stayed away from the market completely afraid of further losses; sadly they were still out of the market when it started to pick up and have already missed out on some of the gains from stocks that were selling at significant discounts. For the vast majority of people, the only way to achieve your financial goals is by earning through the dint of hard work and saving and investing in a systematic, disciplined way over several years.

Cost averaging, is a simple approach to saving and investing that helps you to save regularly whilst at the same time building long-term financial security. It involves investing a fixed amount on a regular basis rather than a lump sum, even when your finances are stretched, and no matter what the market is doing. This could be monthly, quarterly, or whatever suits you; you do not have to time the market or look for the best entry point, you just invest regularly.

Even for the most seasoned investor, it is almost impossible to time the market as it is challenging to anticipate correctly its peaks and troughs. For the average investor, and particularly for the smaller investor who does not have lump sums to invest, what is required is an investment strategy that allows you to maintain an even keel in rising, fluctuating and falling markets. Cost averaging accomplishes this and if you manage to apply this strategy to even a small amount of money, with ease and efficiency, you will have a better chance of achieving your goals.

Cost averaging is a particularly useful tool in choppy markets as it provides a buffer for volatility. Even though the value of your overall investments will fall as stock prices fall, remember that you also bought more shares at lower prices. As you will be drip-feeding your funds into the market at different times, you will be picking up investments at a range of prices; this reduces your overall average cost.

How much you can afford to set aside each month? The amount you choose will depend on your own particular situation. This could be a fixed amount each month, or you might prefer to invest a percentage of your income, so that you invest more as your income increases; try to invest at least ten percent of your income.

By Nimi Akinkugbe

Source: http://www.punchng.com/am-business/invest-regularly/

He said members of the sect took up arms, just like the Niger Delta militants, when they felt cheated by the government. He said the government was however being partial by denying the militants amnesty.

Mohammed said, “President Jonathan is being economical with the truth. In other words, he is lying. What he said about the sect (of being faceless) only showed his frame of mind. He is applying double standards.

“His people took up arms in the Niger Delta because they felt they should partake from the oil revenue being generated from their land. They did same things as Boko Haram and were later granted amnesty.


I knew this idiat would say this. Isnt this the same Mohammed Junaid, whatever, that claimed that the North

was ready for break-up from Nigeria. Stuuupid core-Northerners and their parasitic way of thinking.

Incidentally, the disclosure in the Senate last week coincided with the death of President Hugo Rafael Chavez of Venezuela who nationalised the oil industry which enabled his government to generate enough revenue to fund a comprehensive welfare programme for the hitherto improverished people of the Latin American country. But the enomous commonwealth of the Nigerian people have been cornered by a few rent collectors and other members of the parasitic ruling class. A few of them who raked billions of dollars from the illegal sale of the oil blocks have openly confessed that they do not know what to do with the huge fund! Because such wealth has been privatised Nigeria cannot, like Venezuela, meet the eight Millenium Development Goals by 2015.

In view of the confusion caused by the partial information released by the Senate last week the Ministry of Petroleum Resources should, without any further delay, publish an up-to-date list of all local individuals and foreigners who have been allocated oil blocks by the Federal Government. After the publication the Goodluck Jonathan Administration should proceed to cancel all oil blocks allocated to a few interest groups and vest them in the Federal Government in line with section 44 of the Constitution. In other words the oil and gas should be nationalised in the interest of the Nigerian people. Instead of empowering either the President of the Republic or the Minister of Petroleum Resources to dole out oil blocks to serving ministers, party members, personal friends and business partners the National Assembly should ensure that all blocks are owned by the Federal Government in trust for the Nigerian people. This demand accords with section 16(1)(c ) of the Constitution which states that the State shall “manage and operate the major sectors of the economy”.

NIGERIA,WHAT A COUNTRY!

There is, first, the dramatic waste of resources, much of it through soar away corruption and unbridled theft of the public kitty. Clinton, of course, did not put it that way, by reason of diplomatic etiquette; but he said enough for us to read between his lines. He did say that we have not done a good job of managing our natural resources, maintaining that “you should have reinvested it in different ways.”

Clinton’s subtle reference to squandermania and corruption as drivers of Nigeria’s prolonged, arrested development put a different gloss, altogether on these political triumphs.

Travel notes and recorded insights of visitors to other countries constitute important aspects of the world’s intellectual heritage. Two quick examples are the classic reflection on America by the French lawyer and philosopher John Montesquieu and the 20th Century dispatches of John Hobson, an English journalist from South Africa; which eventually morphed into a much commented on theory of imperialism.

The discerning ought to pay attention, therefore, to the reflections of visitors to our countries all the more so when the august personage is a former President of the United States, Mr. Bill Clinton. Speaking in Abeokuta last week at the 18th edition of ThisDay awards, the statesman credited with a turnaround of the American economy under social democratic auspices in the 1990s, came up with three postulations which should be of interest to our leaders who are feverishly strategising on how to win the 2015 elections.

There is, first, the dramatic waste of resources, much of it through soar away corruption and unbridled theft of the public kitty. Clinton, of course, did not put it that way, by reason of diplomatic etiquette; but he said enough for us to read between his lines. He did say that we have not done a good job of managing our natural resources, maintaining that “you should have reinvested it in different ways.” This brings an international perspective on the raging debate within the country on the absurdly high cost of governance under Nigeria’s corrupt, distributive federalism. Interestingly, the Jonathan administration rolls out the drums on having reduced the share of recurrent expenditure from 74 per cent in 2011 to 71 per cent last year and projects a further reduction to 68 per cent in 2013. Even if this modest goal is realised, and it is a tall order given the current election-related upswing in spending, it is still a far cry from realising the kind of investible surplus that can jumpstart sustainable development. Also budgetary allocation to prestige and non-revenue earning projects like mouth-watering sums for the vice-president’s official quarters and elongating the presidential fleet do not square with the advertised goal of bringing down the tide of consumption and personal emolument.

So far, various proposals and strategies for bringing down the cost of governance, some of them made by government-funded commissions have continued to gather dust in abandoned files to which they are consigned. At the political level, administration strategists are celebrating such recent deft manoeuvres as the breakup of the Nigerian Governors’ Forum, the rebound of Mr. “Mr. Fix it”, Tony Anenih, as chairman of the PDP Board of Trustees as well as the legal clearance given to President Goodluck Jonathan to contest the 2015 elections by the Abuja High Court. Clinton’s subtle reference to squandermania and corruption as drivers of Nigeria’s prolonged, arrested development put a different gloss, altogether on these political triumphs.

Source: http://www.punchng.com/viewpoint/clinton-on-nigeria-the-lessons-not-learnt/

Travel notes and recorded insights of visitors to other countries constitute important aspects of the world’s intellectual heritage. Two quick examples are the classic reflection on America by the French lawyer and philosopher John Montesquieu and the 20th Century dispatches of John Hobson, an English journalist from South Africa; which eventually morphed into a much commented on theory of imperialism.

The discerning ought to pay attention, therefore, to the reflections of visitors to our countries all the more so when the august personage is a former President of the United States, Mr. Bill Clinton. Speaking in Abeokuta last week at the 18th edition of ThisDay awards, the statesman credited with a turnaround of the American economy under social democratic auspices in the 1990s, came up with three postulations which should be of interest to our leaders who are feverishly strategising on how to win the 2015 elections.

There is, first, the dramatic waste of resources, much of it through soar away corruption and unbridled theft of the public kitty. Clinton, of course, did not put it that way, by reason of diplomatic etiquette; but he said enough for us to read between his lines. He did say that we have not done a good job of managing our natural resources, maintaining that “you should have reinvested it in different ways.” This brings an international perspective on the raging debate within the country on the absurdly high cost of governance under Nigeria’s corrupt, distributive federalism. Interestingly, the Jonathan administration rolls out the drums on having reduced the share of recurrent expenditure from 74 per cent in 2011 to 71 per cent last year and projects a further reduction to 68 per cent in 2013. Even if this modest goal is realised, and it is a tall order given the current election-related upswing in spending, it is still a far cry from realising the kind of investible surplus that can jumpstart sustainable development. Also budgetary allocation to prestige and non-revenue earning projects like mouth-watering sums for the vice-president’s official quarters and elongating the presidential fleet do not square with the advertised goal of bringing down the tide of consumption and personal emolument.

So far, various proposals and strategies for bringing down the cost of governance, some of them made by government-funded commissions have continued to gather dust in abandoned files to which they are consigned. At the political level, administration strategists are celebrating such recent deft manoeuvres as the breakup of the Nigerian Governors’ Forum, the rebound of Mr. “Mr. Fix it”, Tony Anenih, as chairman of the PDP Board of Trustees as well as the legal clearance given to President Goodluck Jonathan to contest the 2015 elections by the Abuja High Court. Clinton’s subtle reference to squandermania and corruption as drivers of Nigeria’s prolonged, arrested development put a different gloss, altogether on these political triumphs.

I had every right to be suspicious about GEJs visit to Borno. I just knew this kind of a thing would happen. Trust the boko haram.

@op, this is so true.

When nature closes the door, somehow God opens the window.
This is ABSOLUTELY INCREDIBLE! Kudos to the young lady. Am a martial artist too, and will love to take her on.

IMAGINE ALL THAT MONEY? AND TO THINK OF IT, 40-45 PERCENT OF IT IS GOING TO BE EMBEZELLED BY THIS THIEFING POLITICIANS.