₦airaland Forum

How can a whole family be this DUMB? Who the hell just wakes up and marries the first man on sight?

No work email addresses?
Never got to meet at least one or two of his colleagues?
No close observation about his lifestyle?
No one from work attended his wedding?
No one from his family ever talked about his Job status?...Not even a chitchat with his sisters, cousins or friends gave you guys the slightest clue? are you serious? this has got to be a grand joke!



If this dude can fool your entire family and can still convince you guys to part with your money....then I'd be happy to meet and do business with people from your family.

I've met stupi[i]d[/i] people, but an entire flock of dumb sheep isn't something i have for once envisaged!

shaking my head too

1) NHS! No one in the UK goes bankrupt because of mounting medical bills. You get sick in the UK you worry about getting well, not how are you going to pay for the doctors/hospital bills, nor do you have to choose between food and medication, as medication is £7 for a prescription no matter what it was or how expensive the real value of the medicine. So you will pay £7 for a £300 pound drug and £7 for a £1 drug. Sort of balances itself.

This is just Rubbish!..NHS is NOT free!...poor blokes like me are being forced to pay loads each month for a service I haven't found a use for.

Get lost and quit massagin your d1yck on another man bizness venture

But you don't have any qualms whining over what goes on the homepage even though it's another man's business venture?

haba! cant he do minicab by night and estate agent etc by day? incredible!

O'boy! I salute!

jennykadry: Dayo, good examples but that is one reason why we Nigerians make make mistakes financially. How can a man who earns millions every month not have an investment on the side? When you get laid off work you cry foul. I know of many Nigerians who work in top oil companies like chevron who are landlords and estate owners. If their job disappoints them They have something to fall back on.

Let me use CC for example, she has a shop in Nigeria that is growin strong, she also works part time in the Uk. God forbid something happens to her job in the UK, she has a successful shop to fall back on.

The problem we Nigerians have is putting all our eggs in one basket and praying to and hopin on God that, that basket does not disappoint us.

Financial Planning is were a lot of us fail as Nigerians. Heaven helps those that help themselves. Don't rely on your bible to give you manna, gt your hands busy with a lot of things and let God take it up from there.

Excuse my errors. I am mobile

But we still can't ignore the fact that Life Happens! There are many people who invested heavily in the Nigerian stock market as an alternative source of income pre 07 and 08. If many of those people had retired or lost their jobs, it's very likely that their alternative source of income may now be unsustainable.


Many times we all just have to wait and see where the night takes us. I don't think people intentionally choose to struggle financially,... but when life throws Lemon, some make Lemonade, others end up with a swollen face!

[quote author=D.pinaku]Its like comparing a C. Ronaldo and Usain Bolt or better still comparing a blackberry and an I-Phone.
1. They are both good in their respective rights.
2. They are not mutually exclusive. You need money to get quality information and you need quality information (and training) to make good money.
3. They perform different purposes.
4. Information is power same goes for money too.
5. You can get all the information that you wish if you have the money to do so but you may not necessarily get all the money if you have all the information at your disposal.[/quote]I think most people know this....the argument as it may seem is just for the fun in the banter!

Information is King!

A little piece of information is all you need to start a bloody nuclear war!

Information is why many governments spend combined billions in dollars on spying activities around the world!...The US military spent 11.8 billion dollars on their MQ-9 Reaper drones....what do you suppose they were after? Information duh! ...and this is even if it meant costing some extra debt!

Gimme quality insider information on company about to go burst and i'd be shorting the bas[i]t[/i]ards like my life depended on it. Without information you're fucccking blind even with all your money!

Money can't necessarily buy you information....good information on the other hand can make you a super wealthy mofo in one night!


Erhmmm...but all of that aside...show me the money abeg!

dripstoil: Myspace failed because they fail to inovate, they fail to buy, to make changes.

Facebook is constantly innovating, buying other tech start ups, and making changes.

Companies They've bough in the last couple of months

1. Istagram

2. Acquires Karma (a month a go for mobile traffic monetization)

3. Acquired Glancee (another mobile company)

4. Bought Lightbox

5. Currently developing Search Engine and negotiating other deals.

If you're a developer and you've been privilaged to work on Facebook's developer's plantform, you'll understand that mentioning fb alongside Yahoo and Myspace is a near taboo.

6. Facebook currently acqured former Sun Corp headquater at Palo Alto for the purpose of expansion.

You need to see facebook beyond timeline and status update social network, they've grown far beyond that.

Facebook is a Tech company to recon with both on and off the internet.

Buying Facebook's share is by no means a negative investment.

Contrary to your ealier claim, Facebook has 806 patents

Buying new companies does not always mean sound investment or opportunities for growth! In the last 5 years, Yahoo made over 30 different acquisitions alone. That still does not place it anywhere outside of the death spiral in which it has fallen. If your business is exposed to strong competition and your moat isn't wide enough within an industry that is highly competitive, then you can easily be the next MySpace!

Instagram only started in 2010 and it's had over 40 million subscribers....that's to show you how susceptible social networking sites are. Facebook isn't going to grown forever..and at some point, people will want something else!...This is just another Tulip Bulb, and your argument that facebook is "constantly innovating" makes it all the more a fitting Tulip story!...who's not constantly innovating?

Facebook is not yet tested, doesn't even have a clue on how to make money with mobile platforms.....why pay a premium on such a company? Even wall street is being cautious about this "wonder drug"...it's shares is falling almost 10 percent just a day after it;s IPO!

Onlytruth: I am not deep into stocks, but I make it my business to acquire deep knowledge and understanding about ALL things!
Like someone already side here, the limits of Facebook's growth is directly proportional to its ability to innovate.
I already see about 4 SOLID ways Facebook can generate improved revenue, and those ideas are by no means "breakthrough" ideas.
When you are sitting on 901 million users, and new billions of CASH raised through the IPO, you've be a complete dunce not find a way to innovate, buy up more talents and competition, and move ahead.
Facebook is a threat to all other big web operators -amazon, google, priceline, ebay, linkedin, yahoo, microsoft. . . you name it. They can take their business in any direction and still corner a huge chunk of the market.

Have you heard of a website called MySpace? I'm sure you must!

You do understand that as at 2008, it was the most visited website in the world right? and you understand that as at December 2011, it was ranked 138th in terms of web traffic?

why do you suppose this is not capable of repeating itself with facebook? In order words, why do you suppose there aren't remote possibilities of a new social networking site springing up to overtake facebook in the next ten years?

comparing facebook to google is just silly. Google owns Youtube...owns Android...owns Chrome browser...owns GMAIL....owns the Chromebook...and ultimately owns Google.

what chance does facebook have?

But about N27million quarterly allowances were said to be settled for the House members by the Revenue Mobilisation Allocation and Fiscal Com-mission (RMAFC) in the First Quarter (Jan-March, 2012), before it was further reviewed downwards to a relatively paltry N17mil-lion.

17 million is paltry?

waka for dem Papa!

[quote author=Efemena_xy]£45k is at the very bottom of the scale for Business Analysts in investment banking. That is with little or no experience esp in London.

@ Jenny nor come o!

@ poster, did you see my comment on mini cabbing for your hubby?[/quote]In Corporate Finance and M&A, most Boutiques in London pay analysts with less than 1 year experience between 35-38k (Bonuses will typically be 25 to 50% of your salary) and if you've got 2-3 years experience, your base salary should be between 44 and 50k. (with bonuses exceeding 80% of your salary).....Vice Presidents will normally earn 90k with 200% of their salaries as Bonus and if you look in my previous post, i did say "excluding bonuses".

chaircover: Violent, it is unlikely that any bank gives them a loan based on their income and outgoings unless they can find one of these business start up charities willing to assist them and I know Zilch about that; Ive only heard of them

Setting up a Nigerian Restaurant is not beans and I have seen many around me start up and close down within months even though we have a vibrant Nigerian community in my city; There is a recession out there and people are cutting down and you hear people say that they cant justify spending £6.50 on a plate of jollof rice especially when they know that they can cook a pot of soup for less. . . .funny enough the same people dont mind spending £20 on a chicken at Nandos LOL

I expect that they'd check level of incomes...but then, there are acceptable levels for everyone based on their specific income level. No bank will give me a million pounds in loan (i wish someone will be dumb enough to tho) given my level of income...but chances are, even if i earned 500 pounds a month, there's likely to be some sort of package out there i could explore. I simply have to ask.

jennykadry: Are you serious? @ bolded

I am not comparing the naija Doctors with every immigrant there. When I saw their net income, I just did a rough estimate with my brain and was like sh1t , This is what a medical Doctor earns every day for as long as their locum work lasts, plus sometimes if they are desperate sef they will add extra 10% to the money and pay for your flight, accomodation, feeding, give you a car when you get there and this is what a couple earn monthly? I shed a tear typing my first reply. I was opportuned to meet a nurse that immigrated from the UK, and she told me (maybe she was lying oo) she was earning 800 Pounds per month with her 11 years experience and when she earned her first pay, she told me she almost fainted cos it was triple what she was earning in the UK. Now I don't know how true that is

God have mercy and bless this people for the sake of their kids

Most people with good jobs in the UK will not earn the amounts you've stated in your post. Analysts at Investment Banks will normally take home a gross of 45 grand a year (excluding bonuses), and these are some of the best paid people in the UK.

jennykadry: @Violent

Can they afford the monthly repayments for the loan with their net income- you think?

@OP

Is that what you people earn per fortnight or per month? if it is per month, believe me I feel for you, even per fortnight sef I still feel sorry for you. God is your strength. That is the amount of money medical Dr's here earn per day when they do their Locum work.

God give you strength and bless you people abundantly. There is light at the end of the tunnel my darling

My thinking is that monthly repayments will typically be spread over multiple periods based on the couple's ability to pay. I'd expect that any business done with the money should typically start earning good profits within a few months.

2100 pounds in nets earning seems quite low..but considering that most of this would likely have been from the wife's earnings than the husband, then one may consider the earnings average. Most white collar jobs in Britain at a Junior to mid level will pay between 35k and 40k gross a year. Adjusting for tax will typically bring the monthly net earnings within the 2500 pounds range!

Only very few people in UK earn the amount stated in your post!

Another stuff i think is worth doing -- and this may sound a bit silly -- is to consider putting your fixed costs on your cards, and saving up on cash! Your banks are not likely to demand credit payments right away, this could give you some leeway to increase your cash buffer and start considering a higher income generating business. You simply need money to make more money...that's how these things work....and if all the money earned is used to fund your current liabilities, then how are you going to make any more money?

If ebay isn't your thing, how about starting an African restaurant? This may require that you take out a bank loan but i feel the benefits in the long term will be worthwhile. My friends and i eat out at such restaurants on weekends, spending an average of 20 quid per person and many times those restaurants are typically busy and filled with lazy Naija guys just like myself who couldn't be bothered to cook but would pay any cost to eat correct Amala and Efo riro!

Obviously the success of this will be based on factors which may include location and your personal entrepreneurial drive, but i feel it may be worth investigating. Your husband can manage the proposed business while you channel more efforts into your current stuff.....the ultimate goal is to increase your net revenue.


If this is not something you may wish to consider, you could also encourage your husband to gain salable unconventional skills such as Plumbing or even Barbing ....I pay my Barber 10 pounds for his services, and i typically visit every week!!....if he attends to only 10 people a day , that's easily 100 pounds a day and 3000 pounds a month!...Since these businesses are not monitored, it means the queen does not stand a chance to dip her hands into your husband's earnings. Plumbers make a whole lot more!!!


You should also try to get something like a progress chart. You need to be able to measure just how well you are doing and any visible progress made. All of these will likely be very stressful in the short term but the long term gains will be worth it.

It would be a difficult task for anyone to provide advise or encouragement without basic information such as your approximate net earnings and cost.

From your post, it appears that your budget is already well planned, so there's very little advise to offer on that (you should consider writing a list of your monthly fixed costs and see which ones can be cut out.)

I wouldn't subscribe to to the party that advised you to save money in a piggy bank! I would advise that you consider making additional income with every little penny that you could have just kept in savings. I know a few people that make healthy sums by buying and selling stuffs on ebay. This will remove the costs of paying rents for a space and your earnings may not really be tax deductible.


You'd also have to push your hubby a little more....

courage89: To your first point, i beg to differ. That statement will be accurate if all the people trading stocks understand both technical and fundamentals, and can apply them accurately. Your point is also neglecting the role of economic and political situation of the country.
As an example; Chevron is currently trading at $98.50, RSI of about (22-25), PE ratio = 7.26
Based on the technical and fundamental argument, the Chevron stock should be trading higher. The reality is that, its been in the red all day. lost about 1.7% of its value today.

Anyone buying stocks must have some kind of fundamental story or a technical one!....There's no middle ground!

Fundamentals doesn't always have to mean spending hours a company's balance sheet/Income statements. Fundamentals simply refers to the information you have. Such information could be as lame as "My friend said it's a good investment" or as sophisticated as estimating earnings growth etc etc.

People won't just buy stock because it's a stock!

Political and Economic situations are part of the bigger fundamental story. If you think Europe is going to collapse with it's sovereign debts and company xyz whose biggest clients are based in europe may not be able to generate much revenue...that's a fundamental story, good enough for selling a stock and force it's earning multiples to low figures!

courage89: Facebook is here to stay, that i can tell you.
What still remains a "code" to be cracked is how they're going to monetize their 901 million people.
Keep in mind, if they don't crack the code. They can always diversify. When you have cash, you can do anything.

My conclusion, FACEBOOK IS HERE TO STAY. The next question is when are they going to be profitable?

And why buy a company that doesn't know how they are going to be profitable....yet?

Why buy a company that, after years of existence has no clue how to monetize it's growing subscribers?....even though it employs some of the smartest people in the world.

Why buy a company that will only plan to diversify when it cannot crack the "code" which will make it profitable in the long term.....diversify into what?...why not diversify now?

Tech bubbles...housing bubbles...all began because people thought the goodies they were having will continue forever....and they told the cynics off saying "when we get to that bridge, we'd cross it" ....it's all happening again!

courage89: Isn't that what is driving the stock right now? Most of these people could care less about the valuation...how many of them know how Facebook currently earn revenue?

Intraday prices will always be driven by both Technicals and fundamentals. As a matter of fact, one can argue that facebook's price is being driven by the latter than the former. Those buying and selling Facebook's shares are not looking at a price history, candle charts or any of those nonsense, cos there is just no history to look at!....The buying and selling that's going on at the moment is based on what people think facebook is worth and will be worth in the future. The company's revenue and balance sheet is publicly listed and can be assessed by anyone who can as much as use Google search!

[quote author=ekt_bear]I think the reason Facebook will be pretty hard to dislodge is that they are pretty proactive about neutralizing threats.

Google+ came out, they implemented many of its best features into Fbook.

Instagram came out and started racking up users, they quickly purchase them before a rival (like Twitter or Google) could buy.

They are doing a pretty good job at this particular task, imo.[/quote]Being proactive at dislodging threats wouldn't always mean a great investment....and the implicit assumption that facebook directors will always be smart enough to take the best cakes on time cannot always be justified.

Facebook, unlike Google, owns very little patents and unlike Google, it's market is completely dependent on it's marketing revenue. Hardly a diversified business!....future regulations in privacy laws could hurt its business model forever!

Asides from that, there are no guarantees anywhere that it could keep up with rapid changes in consumer preferences for a nimbler, faster, tech landscape...It's already too late to delve into mobile phone OS (Android and Apple will easily snuff the life out it)....late to the hardware markets...late to the search engine games.....late to the email arena.....Should Google start a price war to win new marketing clients, someone's going to get really hurt!

At the moment, the 109billion dollar company has been unable to make money from users who access facebook through mobile phones....given that most people are likely to be frustrated if tons of advert keep staring right back at them on their 9inch screen!....So what then happens to facebook's business if me and the rest of the world decide that our laptops are too big to surf the internet with and would rather stick to our phones?

courage89: The only reason why I think the share price might do well in the short run and long run; will depend on how liquid the shares might be. Few shares will be in circulation, and that might drive "price war" considering how popular the company is.

It will not be based on fundamental at all.

Really?

Price discovery has always been based on laws of supply and demand anyway...people will buy and sell shyt if there's a market for it. The only question a savvy investor will be asking is why the price makes for a good investment....and talking about popularity, since when has that become a factor to consider when buying or selling shares?

Goldman sachs is selling half of its stake at IPO. If they really think the shares will be worth more in the future, common sense will mean they are more likely to hold on to it now!

This is just another bloody bubble....looks like the world never learns anything from history after all.

Facebook may be a good investment, but like any other investment, there's a price where it becomes a bad investment. Any price that puts the value of facebook above a company like Citigroup and Boeing combined together, just does not make any sense!