₦airaland Forum

Neurotika:
The only challenge now is no one knows when rates will drop and what it will drop to. Certainty aids financial planning. I don’t think we will ever see rates peak this high again after this bubble. We can only hope CBN will maintain this high MPR….

Rate will surely drop i don't think CBN can afford the interest its paying on its debt much longer.

emmasoft:
Dollar funds are in the medium-risk investment category. The capital invested is not guaranteed compared to MMF.
The reason is that the underlying asset of the dollar fund is eurobonds which have some form of volatility - it's price dependent ie the price can go up or otherwise hence the value of your investment fluctuates with the price movement, hence professionally it's advised for investors wishing to invest in dollar fund to think long term because at the long run, you are sure to have hedge your funds against inflation or devaluation of local currency and in the process gain some interest on the fund invested.

Please note that it's not volatile like stocks so the probability of losing your money is close to zero.

Be in touch if you need more clarity.

How do I sign up?

emmasoft:
This is not a Dollar fund. It's a placement where both the capital and interest are guaranteed.

Alternatively, you can do a dollar fund with Norrenberger, the minimum is $550

Wait oo.

So the money isn't 100% sure like MMF.
What you are saying is. If I invest $3000 there is a possibility that in 30days the money might drop to $2700 and interest is not guarantee.

Yesterday, just got 33k+ from my investment.

Omo!

This is better than keeping money in the bank

emmasoft:
@vefexam You can do dollar fund. My preference is Norrenberger Dollar fund. Here are the details of the fund.

Norrenberger Dollar Fund Details.

The Norrenberger US Dollar Fund: This is a collective investment scheme, registered with the Securities and Exchange Commission (SEC). The objective of the Fund is to hedge against currency risk while providing liquidity and competitive returns to investors. The Fund is targeted at Retail Investors, High Net-worth Individuals, Africans in the diaspora, Local and Foreign Institutional Investors seeking Dollar dominated investments. The Fund invests in Sovereign & Corporate Eurobonds and dollar denominated money market instruments.
Features:
• Return on investment is competitive and tax-free.
• The Fund is open-ended and constituted under a Trust Deed.
• Quarterly dividend payment or reinvestment.
• Redemption of units within the first 90-day period attracts a 20% penalty charge on accrued return.
• Redemption is processed within 5 working days.
• Online access is available to monitor fund performance.
• Diversified portfolio in dollar-denominated instruments.
• Minimum subscription is 5 units and subsequent addition of 1 unit at the prevailing price per unit.
• Purchase price is $103.52, yield of 10.57% as of 8th May 2024.

Please let me know when you are ready. You can call/chat me up with details on my signature.

That means I cannot redraw the funds for at least 3 months else I will pay 20% of the interest accrued in the principal.

Also explain more of this," Purchase price is $103.52, yield of 10.57% " does it mean whatever I invest will be divided by 103.52 to get how many unit I own?
And I make 10.57% of that per month or annum?

DrAwo:
Check out my podcast, Value Nigeria with Ajibola, on Spotify for Podcasters: https://podcasters.spotify.com/pod/show/value-nigeria

It is a great place to start your journey in financial literacy...

You should also consider adding it to YouTube.

emmasoft good day.

Please I do have some USD I wish to invest. Which is the right investment vehicle also probably with more information like duration, rate, minimum amount T&C , etc if possible.

Thanks.

BigBashiru:
Yes search NICN on playstorr and "National Industrial Court of Nigeria" on Google. Theater rulings and previous rulings are all there.

I just checked and there is nothing there.

Can you please share the link or a screenshot

[quote author=ernie4life post=128488222][/quote]Thanks, as a young guy Omo I can't make the mistake my parents made.

I was just looking at my pension statement of account today lol.

The reason I choose MM was because of liquidity cos the money I am investing is both my emergency funds and savings, I will only have a little cash for day to day expenses.

Also I will send the questions over to MM for more answers.

emmasoft:
Here is my preference as per mutual funds:
MMF - Stanbic MMF curreently 11.73%
Dollar fund - Norrenbeger currently 9.2% (They accept less than $1000 and could accept cash at the point of deposit)
Fixed income fund - SFS Capital currently 11.02%

I really appreciate, thanks.

Hello everyone.

I wish to invest with ARM investment, I wanna start with #500k for their money market and $1000 for there euro bond, as at when I made enquiries the rate for MM was 11% PA, i can't remember for the euro bond.

Please help advise.
emmasoft
ernie4life

Hello everyone,

I plan on enrolleing into Miva Open University by this November. I have gone through there programs and it appears they will be less stressful than National Open University.

I wonder if there is anyone who is currently enrollee in the school or knows anyone.

I would love to connect.

Miva Open University website - https://miva.university/

MrReeseG:
I thought it was just me, I'm basically you but 300,000 monthly. It's tiring.
I don cut tire I don almost cut my hand join.

Just assume they lay you off in the month of August.

What will you fall back too?

Will you start begging friends and family to survive?

If you have kids, how will you feed them.

Learn to budget and save else soon or later you will be poor

Finore:
I prefer signing an agreement with a construction company or bank to build a house. Save up your Money when is time to build your house. Take a vacation with in six months u would have gone far any vacation u have come again round it up

Please can you explain more on this

missimelda01:
Thank you so much for your response.

For the second paragraph, I don’t use a dom account to receive payment…does it also apply to platforms like Grey?

What or how does the company do payments or you can talk to the accountants in which method they will use in paying you

If you are an independent contractor, then you do not need to pay tax (except income tax).

When it comes to invoices, very simple go online and look for a invoice template and customize it to you liking. If you are paid hourly put how many hours you work and your rate, routing number, back account number etc and you are good to go.

If you plan to japa to EU countries (North Europe) and sponsor yourself make sure your invoice tallies with your transaction history - it makes it less stressfully and easier.

cc: missimelda01

I am in need of a react.js and node.js developer for a gig.
The project will span for a month and an option to extend the duration.

I need someone that have enough knowledge to work on there own, Beginner SHOULD NOT appy please.

Please quote your github repo and past projects you have worked on.

pay is based on experience

cc lordZOUGA, mukina2

Amuroba:
Are you using the premium? If so, how did you make the payment because naira card and all these yankee online subscription dosen't correspond.

I use a dollar virtual card called Chipper. And I am on a family plan so we are 6 that are paying for it

fuckboys:
Can I move all my current Spotify playlists to YouTube music?

Unfortunately no.

Just listen to few musics you like and it will auto suggest some that are similar.

That's how I built my playlist from scratch.

Hello,

I want to learn solar installation - most importantly how to design, couple the components, when to use which, etc.

I am learning this as an additional skill set, i am not interested in monetizing it.

I am based in Port Harcourt Main City, if there is anyone interested and willing to teach me, please quote your price and duration.

NOTE:
I have little knowledge in electricals.

anticipating a reply

CC twinstaiye

KOBOOPRINCE:
I am a Port Harcourt base installer.

Is it possible to learn from you, how much will it cost me.

I bought BeeBejump S1 solar system just 300+watt

I just realized that if I had DIY I would have gotten a better value for my money

TechGeek777:
Note: If you will be going for normal AC, you ate better off with non-hybrid inverter with separate CC.

Can you please explain this part

TechGeek777:
The first inverter AC will consume 1321W initially before dropping to 824W when good cooling level is reached, while the second non-inverter AC will maintain 1200W or more irrespective of the cooling level attained

How many hp are these ACs?

oh! thanks. For the inverter AC is there any timing in seconds before it will drop to 824W.
These are 1hp AC.

dollarnaira:
Learning here is free if you can take your time
to study this thread.

Thanks, i am gradually reading the thread and also learning.... but what i really need is experience.

TechGeek777:
Where are the images?

Posted the images, wasn't uploading on my phone had to use a pc.

Please I want to buy an AC, as I plan on powering everything in my house through solar in the future

Can someone please tell me how many kWh this AC will consume.

(First image is an inverter AC, second image is a normal AC)

Also, I want to learn solar system design and installation, if there is someone that offer such services in Port Harcourt, I am willing to pay.