TransAtlanticEx:
You too talk.
How much have you made since you are in Nigeria to be insulting people like this?
If we check now na one nonsense 150k job you hold.
Better close your mouth.
Talking with so much anger just signifies frustration.
You will be fine.

ositadima1:


Talk true, u and TransAtlanticEx get plenty in common.

DexterousOne:



Hahahahaha

This got me cracking up so bad

Lazyyouth4u:

You don’t mean it

ositadima1:


, same anger issues and total disregard for civility. Oh, there is a word for that, trolling.

Lazyyouth4u:

You are mixing it up bro. I’m not trolling o. But if you insult me, I won’t say okay sir

ositadima1:


If you want to poor out insults so u can feel better about ur self, by all means carry on. No qualms.

Lazyyouth4u:

No I don’t. Is that how you live your life?

Thisnut:
i believe so too. The 6 apartments that i am currently working in benin city is all taken except the one i kept for myself. It's currently on the painting sage at the moment, even during the building stage a lot of people were coming to check it out. Location is the key and it's better to invest good money on a land. The building itself would be worthless if the land is cheap and under developed.

ositadima1:


Excuse me, was I d one trolling ?

ositadima1:


, same anger issues and total disregard for civility. Oh, there is a word for that, trolling.

Nigsrdumb:


Tb is a safe investment? Lmao.

You should ask those of us that sent money from abroad to put in tb which means converting equal more losses.

Why do you think a lot more house's are selling faster in Lagos, yeah because people are trapped and are now putting those funds in properties.


Risk aversion and irrational economic behaviour are two separate things.

You can't be serious by saying tb is risk free, when people like me have lost close to 30k dollars on Forex devaluation.

12inchess:


Brother me and my wife were looking at this thing. Treasure bills is a scam. We no do again. I've lost like 7k dollars in treasury bills from devaluation. How is that a safe investment. I'm currently looking for how to convert my x million naira to dollars asap.

12inchess:


Brother me and my wife were looking at this thing. Treasure bills is a scam. We no do again. I've lost like 7k dollars in treasury bills from devaluation. How is that a safe investment. I'm currently looking for how to convert my x million naira to dollars asap.

12inchess:


Brother me and my wife were looking at this thing. Treasure bills is a scam. We no do again. I've lost like 7k dollars in treasury bills from devaluation. How is that a safe investment. I'm currently looking for how to convert my x million naira to dollars asap.

cucumbar:


Lazyyouth4you = transatlantic.

They are One and the same person.

emmasoft:


TBills is not a scam. TBills does not determine the value of dollars to naira, normally when investors use the word safe investment it's relative ie comparing TBills with other riskier investment widows like equities or other volatile instruments. TBills is just a form of investment and any investment widow is affected by the economy and policies of the government. I agreed there is devaluation but that does not make TBills a scam. Hence when it comes to investment, investors are allow to make their choices base on their objective and sometimes base on their level of financial literacy. Just as you have decided to convert your naira to dollars base on your DD, another investor may look the way of NSE and get a stock that will give dividend yield of 16% or more, yet another investor feel mutual fund investment is better than just leaving the money in the bank base on their financial literacy. of course another look at property, So there is no one cap fits all when it comes to investment. Just do what you can cope with that meets your objectives ie do proper portfolio balancing.

Nigsrdumb:


You completely missed the point, but i understood him clearly.

Good advice btw

Lazyyouth4u:

You are abroad and you have USD. Why in God’s name would Nigerian Tbills be a safe investment for you? You cannot compare yourself to the man in Naija making Naira na. Haba.

People abroad that I know are only investing money they can afford to lose in Naija. They put most of the money in Tbills those years when the returns were attractive and are now switching to 100 % equities. If the money goes, it goes. If Tbills returns increase again, they rebalance.

But to move person life savings from abroad to invest in Naija is not just risky, it is very ...... You can fill in the blanks

emmasoft:


I understand him and the angle he's looking at. It's that word "scam" I'm not really comfortable with because no one is tricked to invest in TBills it's a matter of choice.

emmasoft:


I understand him and the angle he's looking at. It's that word "scam" I'm not really comfortable with because no one is tricked to invest in TBills it's a matter of choice.

12inchess:


I don't mean "scam" as in fraud or MMM. I mean "scam" as in not worth it for long term investment.

PS: If anyone here knows how I can get naira as dollars in U.S. Please let me know. Thanks.

Let me save myself from the next devaluation wave ooooo
.....

emmasoft:


Of course I understand. That is why we have different forms of investment widows. More so you are operating in different economies I guess. At this moment treasury bills is not attractive agreed but you can look the way of stocks and mutual funds that can help beat inflation at the long run. It's not compulsory you have to invest in treasury bills. This same Tbills at a time was 18% percent it's a matter of economic situations in the country. Even converting your naira to dollars still have some risk attached except you get it cheap. Remember in 2016 some got at 500/dollar or above they are not really smiling till now. That same 2016 some bought zenith less than 11/share and sold 23/share. So my bros look well there are options.

12inchess:


Would it beat devaluation and constant mismanagement.m by Nigerian govt this equities your talking about? Any investment that will domicile my money in Nigeria is waste of my time because Nigerian govt is not serious.

12inchess:


Nope that is not the case. I always had and had grown this money in Naira as the naira portfolio of my investment. I wouldn't even call it investment becasue I dont consider it an investment. I will call it savings because I'm often always just trying to beat inflation and of course now devaluation. My U.S funds are just in the bank just sitting there doing nothing and I'm okay with that. I'm not really losing money nor gaining money in U.S. But I've discovered that I am constantly losing value in Nigera. The money I make from the treasury bills neither counters inflation nor devaluation hence there is really no point keeping it there. Assuming I had kept this same money in dollars in 2019 doing nothing, I will be about 8k dollars richer than the returns I'm getting from treasury bills. So how is treasury bills a good investment when I'm constantly losing value. All the long talk emmasoft has posted there means nothing to me. I don't know of anyone that will keep a sum of money and watch it lose value and term it "money they don't mind losing" If I had that kind of money that "I don't mind losing" I'd simply throw it into the dustbin.

PS: Financial freedom for may be different from you. My number one goal is that the money I save AT LEAST keeps its value. I'm low risk and I'm okay with very little gain that can beat inflation but TBills in Nigeria time and again has shown that it doesn't beat devaluation.

The 2 exchange rates in Nigeria is another problem. I can't keep my money in such a country. I'd rather lose a lot on it now than even much more in the future and trust me, the time will come when the naira will be devalued again and it may be before the end of this year.

I repeat, TBills in Nigeria is a scam. It's even better to keep your money as bitcoin.

12inchess:


Nope that is not the case. I always had and had grown this money in Naira as the naira portfolio of my investment. I wouldn't even call it investment becasue I dont consider it an investment. I will call it savings because I'm often always just trying to beat inflation and of course now devaluation. My U.S funds are just in the bank just sitting there doing nothing and I'm okay with that. I'm not really losing money nor gaining money in U.S. But I've discovered that I am constantly losing value in Nigera. The money I make from the treasury bills neither counters inflation nor devaluation hence there is really no point keeping it there. Assuming I had kept this same money in dollars in 2019 doing nothing, I will be about 8k dollars richer than the returns I'm getting from treasury bills. So how is treasury bills a good investment when I'm constantly losing value. All the long talk emmasoft has posted there means nothing to me. I don't know of anyone that will keep a sum of money and watch it lose value and term it "money they don't mind losing" If I had that kind of money that "I don't mind losing" I'd simply throw it into the dustbin.

PS: Financial freedom for may be different from you. My number one goal is that the money I save AT LEAST keeps its value. I'm low risk and I'm okay with very little gain that can beat inflation but TBills in Nigeria time and again has shown that it doesn't beat devaluation.

The 2 exchange rates in Nigeria is another problem. I can't keep my money in such a country. I'd rather lose a lot on it now than even much more in the future and trust me, the time will come when the naira will be devalued again and it may be before the end of this year.

I repeat, TBills in Nigeria is a scam. It's even better to keep your money as bitcoin.

missjekyll:


This is embarrassing. Now if you just go to ikpe mmiri,hire a Barrow and carry yams,you would have more than enough.
Noone on this thread will drop a penny. You had 9 months to prepare. Welldone,sir

missjekyll:


This is embarrassing. Now if you just go to ikpe mmiri,hire a Barrow and carry yams,you would have more than enough.
Noone on this thread will drop a penny. You had 9 months to prepare. Welldone,sir