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Nairaland Forum / Nairaland / General / Business / The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown (1408 Views)
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The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Rebuker(m): 10:41am On Oct 28, 2023 |
Dr. Emmanuel Ogonna Iwueke, known as Crazy Clown, a Nigerian comedian, has disclosed that the one-million-naira worth of shares his dad purchased in 2002 is now valued at only N11,000. In a brief video shared by the comedian, he humorously narrates how they used to boast in the past about his father buying shares for their future. However, as of 2023, the one-million-naira worth of shares is now worth a mere N11,000. In the video, he shares his belief that it's important to invest in shares for your children's future so they can have financial security. He recalls a time in 2002 when his dad purchased shares and how excited he and his siblings were. They even proudly mentioned it to their school friends, confident that these shares would secure their future. Recently, he received a message from the stock company, revealing that his dad had invested 1 million naira in shares back in 2002, despite financial difficulties, all with the intention of ensuring a better life for his children. However, the shocking revelation came when he checked the current value of those shares, which had dwindled to just N11,551 and 46kobo. In a light-hearted manner, he humorously questioned the purpose of those shares, wondering if they were meant for buying garri or eba. https://www.youtube.com/watch?v=R9Wj9nN5xtY 2 Likes |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Nice2023(m): 11:27am On Oct 28, 2023 |
During my second year at the university,I bought UBA shares and in my third year also,I bought Finbank shares now FCMB. These shares are not what they claimed to be. There are some hidden things behind such companies which can only be traced to the manners those CEO's manipulated figures in the past which has affected the present. After this experience,i can't wish anyone to delve into that journey. It is not for the faint hearted. 4 Likes 3 Shares |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by WeirdAlien: 12:14pm On Oct 28, 2023 |
For the ordinary man, shares has always been a scam in Nigeria. Only venture into it if you're a big shot. If you are not a director of the company, or have a representative on the board, your investment is worth at most, half the amount you paid for it. Economic realities is also a major factor. It's better to invest in real estate if you're trying to secure the future. 4 Likes |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by securitywatch50: 1:01pm On Oct 28, 2023 |
Hmmm, Naija factor I bought from intercontinental and first bank then and I still regrets that move till date, if I bought landed property with the money back then I will be smiling to the bank now. Shares my foot 6 Likes |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by BItt: 1:10pm On Oct 28, 2023 |
Shares and insurance in Nigeria are twins 2 Likes |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Walezy2020: 3:02pm On Oct 28, 2023 |
Imagine say na bitcoin 1 Like |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Kobicove(m): 5:09pm On Oct 28, 2023 |
I'm sure he bought the shares in one of those yeye one-man businesses that don't know what they're doing. I challenge him to mention the name 9f the company where the value of shares dwindled from N1 million to just N11,000 between year 2002 and year 2023 1 Like |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Koko1119: 5:26pm On Oct 28, 2023 |
Who dey buy shares for Nigeria, may him/she no say Nigeria no dey produced anything. |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Babtunz: 5:29pm On Oct 28, 2023 |
I think it's right about time I sell my GTB shares too. It's better I use the money chop before Nigeria happens to it. |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by imagrg(m): 5:39pm On Oct 28, 2023 |
Scam everywhere...even in the church! |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Karlifate: 7:25pm On Oct 28, 2023 |
imagrg: 😂😂 |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by talk2hb1(m): 10:19pm On Oct 28, 2023 |
Kobicove:I bought FinBank share in 2008 for 10,000 Naira, now it’s worth less than 4,000 naira after being acquired by FCMB at 4:1. The matter get as e be. |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by iCauseTrouble: 11:41pm On Oct 28, 2023 |
Nlfpmod, Lalasticlala. Do the right thing 1 Like |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Iyeeshaar(f): 1:41am On Oct 29, 2023 |
This country is just funny,I have used my own money to preorder the new ORAIMO spacepods,at least I will listen to music and peace of mind |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by online4business: 4:47am On Oct 29, 2023 |
Na so I carry hard earned money buy Treasury bills inflation nearly chop all the gain. Well I wish I knew what I know today Money wey I for give empire flipper or motion invest and 10x sharply. Well anytime day break na him be morning 1 Like |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by sonnie10: 5:17am On Oct 29, 2023 |
Kobicove: AG Leventis which I did around that time for almost the same amount is even worst. |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Rebuker(m): 2:28pm On Oct 29, 2023 |
sonnie10: Damn! That's heartbreaking bro. |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Rebuker(m): 2:33pm On Oct 29, 2023 |
Walezy2020: But people have been complaining of loosing money to bitcoin lately🤔 |
Re: The N1m Shares My Dad Bought In 2002 Is Now Worth N11,551.46 : Crazy Clown by Rebuker(m): 2:41pm On Oct 29, 2023 |
iCauseTrouble: Hmm, I think the mods know how they do their things here. So, I don't bother calling on them anymore. Someone may later create a thread on this same topic and you will see it on front page😀😃😃 |
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