₦airaland Forum

bizme:
In my opinion as a business owner, putting money in fixed deposit is a no-no. The value of money is time. And with the current inflation rate N1m after one month is actually worth less than the original N1m. That is one more reason it is unfortunate for banks to offer such ridiculously low interests on term deposits; investors are actually having their investment eroded at a rate faster than the paltry 2% or so could compensate for.
I write generally, now not as an entrepreneur seeking investors for our expansion drive. The best way to prevent investment erosion while at the same time making profit is to be directly involved in a business. Yes, the inflation directly increases our running cost, but then businesses like ours can instantaneously respond to such cost using various means including an upward review of markups and renegotiation of terms with our suppliers of pharmaceuticals. E.g. rather than stock up for a month or 2, stock up for six months to a year and negotiate payment to cover the same period. By so doing you have pegged the cost price on the day of supply but you end up paying at some later days that the initial price would have increased. Now you have a choice to peg your markup and draw higher patronage for a more long term profit, or review your markup upwards to increase your profit in the immediate. Or both.
However, some investors are not going to be able to directly engage in running businesses. The next best thing is to spend time to locate businesses that are willing to share a decent part of their profits with you if you invest your money with them. But you need to do your homework well... Fine some companies are willing to bear all liabilities while you are assured of your investment plus the interest, but not all businesses can afford this component to investment negotiation. Make sure you ask how the business you are investing with plans to pay you should it fail to return profit. I understand that Nigerians are quite religious and some might misinterpret this as portending ill for the company; but it's strictly business and as an investor you deserve more than a return of the value of your investment, you also deserve the peace of mind in the meantime knowing that your investment is secure. Neither does this have to do with the amount invested. Even if you are investing no more than N100,000 I think doing the necessary homework is a good habit, one that pays high dividend in years to come.
Lastly, as an investor you may decide to go the stock way. Buying shares, but you have to know precisely what you are doing not to have your money eroded in a single week!
I have omitted the real estate simply because on the average it requires a lot higher capital injection at the initial stage than the other options discussed above.
And in summary, you don't have to be overly alarmed by the turn of events in the banking sector and the economy as a whole, you can make a kill of a profit even right now. Do your homework, negotiate well and invest with a local business that you understand, keep a tab on happenings in the company, get yourself a decent part of the company's profit, smile to the bank and smile back home. This way you are getting the company to deplore its resources (capital, staff, time, goodwill, experience, location, etc) to increase your wealth while they are using your money to generate profit for both of you. There is simply no better symbiosis than this.
-Director, Reichpharm Pharmacy.

Educative! You are not in the south south, seeing you would have made sense

wallexy:
oga...no be only amount below 5million but even on all fixed deposit right with first bank....i can confirm to you that a company where i worked though small scale had to withdraw their 15million naira to another bank because of these 2% interest and the other bank where the fund was transfered to was able to give a consentment of 10%....which is far better than first bank

Which bank bro? Hope you are aware there are speculations that some banks may merge

promgurlP:
Here

cc: LALASTICLALA EFCC NPF NDLEA NAFDAC NSA NA ...


End times!

For my mind I be like:

choi I guess dem come code with his last response. After which I kept forming:


Wetin dey happen or in warri parlance:

Happen dey Wetin!!!

I form provoke

I didn't end there o... I actually sent him a copy of the teller bearing his company name

I could imagine how happy I made them

Here was his response afterwards

After keeping him for days forming international passport I asked what next and he dropped his account details.

Is there a way to use it

Next the guy no tell me where vacancy dey available o all about the 5k

Even after I'd indicated I'm from Warri, that didn't remind him of the saying 'Warri nor dey carry last"

See his response...I only screen shot the key part

ie what the processing fee of 5k is for

Okay so I decided to play along and discovered https://www.nairaland.com/debezu is a beginner. Miscreants everywhere trying to tarnish the image of this great forum.

They usually have bank accounts; isn't there a way to track them down with that?

I call on relevant authorities agencies et al.

Enjoy the correspondence in pictures:

First you have his ad, then me indicating interest and his response... you'll know the drill

philipobiz:
Hope you are not relying on it alone as your source of income. I once trusted in fixed deposit. Not anymore. There are better sources even with less risk

what other sources please with less risk

SHOT:
If u have interest in Entertainment, n u are interested in investing in a business. I offer 2.5% monthly on invested capital.

where u@ what line of business in your second option

moderation2020:
7% per month, minimum investment is 100k. if your interested call me up

where u@? are you into

be like no one is into FD investment again o.

Fixed Deposit investment has become very unattractive. Does this apply to other banks? Wat other options for investment are available my pipu

Goldmann1:
Invest and get 5% weekly. A trial will convince you....08126582084.

invest in? Your account is shiny new

Debesther:
sorry the number is 08074463525 not as stated above

not reachable. why bear a female moniker?

Are the other banks affected too?

adollyboy:
How much were you actually given?Did you do the calculation very well before you sign the contract paper?I am interested in this your issue.i work in a bank,can we chat privately?This is my no:08033956612,only watsapp.or better still call.

when I tell you "how much I was actually given" you would decipher how much principal there is By the way which bank do you work for?

SleekReek:
I have always said fixed deposit is a waste of time, Find a genuine Company and invest, I invested in one 145% in 30 calendar days, no bank will give you such return, check out my thread below.

https://www.nairaland.com/2677351/commonwealth-trust-early-bird-plan

commonwealth has to do with multi level scheme?

DrAdeolu:
Let's observe a minute of silence for our brother in the food zone
Let's observe a minute of silence for our brother in the food zone

I was told I'll be getting 2% on amt below N5million in First bank o.

What's happening

obiaguna:
Lol. Same situation I'm in. I don't have the motivation to do this Ican stuff even if I have registered already. Business and then traveling for higher studies abroad.
I also need people's input here because the motivation isn't there at all. Can use the cash to add more capital.

The motivation isn't dere. But in your case you have registered. Business on the other hand hmm

I really don't know where to try my hands on. Really confusing

Advice on how to invest

sartee:
Who will want to partner with someone without a biz idea... just asking.

maybe someone with a business idea without the finances. just wondering

sartee:
Your signature says it all...

nope it doesn't say what I have

Nice one there op.

Let's start from no1

So who's willing to partner with me? Quote or pm