Tobex4realTobex234:


Forget all these books. Explain in concrete terms here on this forum how a civil servant earning 40,000 naira monthly and only has a discretionary income of max 10,000 naira can retire in 15 years.

Sometimes, access to opportunities are very key, else getting rich is just a wish.

emmanuelewumi:



Most people don't have that common sense even the well educated and informed.


Eric Delma is a fund manager, he manages the funds and Investments of about 5000 clients.

All the people interviewed in his book were his clients, who were ordinary people but are now in the top 5% of the population due to their habits, philosophy and attitude about opportunities ,life and money

emmanuelewumi:



I don't know, he might need to study and move with people who are legitimately doing better than him

How does he spend his weekends and vacation?

What skills does he have?

Can he get a loan to start animal husbandry or invest in cheap real estate?
Can he make use of the social media to buy and sell goods and services?


A good number of comperes at Yoruba people parties are teachers, who are making more from their side hustles than their main hustles.


As earlier said, I don't have an answer to your question.

Necessity is the mother of invention and hardship encourages thinking.

We all need to put on our thinking caps and there will be solutions and opportunities

emmanuelewumi:


I always appreciate your input. I am a teacher all what you said is correct
I don't know, he might need to study and move with people who are legitimately doing better than him

How does he spend his weekends and vacation?

What skills does he have?

Can he get a loan to start animal husbandry or invest in cheap real estate?
Can he make use of the social media to buy and sell goods and services?


A good number of comperes at Yoruba people parties are teachers, who are making more from their side hustles than their main hustles.


As earlier said, I don't have an answer to your question.

Necessity is the mother of invention and hardship encourages thinking.

We all need to put on our thinking caps and there will be solutions and opportunities

Allboiz:


Please which one is better? real estate vs eurobond mutual fund

Tobex4realTobex234:


True. Just buy $VOO if you're a newbie in U.S stocks. You would be better of in 10 years. Guess what? $VOO also pays dividends.

If you also think about companies like Tesla, Microsoft, Amazon, Coinbase, Netflix, Shopify. They are individual stocks with strong growth potential.

But I don't understand how someone who has no knowledge of the market is buying individual stocks to begin with. Even Warren Buffett has 80% of his allocation in $VOO.

Tobex4realTobex234:
Shine your eye and invest by yourself. All these individuals are crooks.

einsteine:



I don't think your last sentence is correct. Most of Berkshire Hathaway's investment are in individual stocks or wholly owned companies. Not index funds.

Tobex4realTobex234:
Shine your eye and invest by yourself. All these individuals are crooks.

emmanuelewumi:



SEC approved to do what?

I don't think the company has SEC approval to be a fund manager ooo.

Munamoqel:
stop narrowing the refinery operation to the sale of petrol only. The refinery in imo is currently selling Ago (blue gas) and hfo (5 million ) monthly. U choose the product u make .vitol want to be buying 20m litres of various product from dangote refinery .this include aviation fuels unlead fuel and other to supply their customer globally . Vitol sell over 80 m litres of product daily . (World biggest oil traders ) they buy globally from refinery
.the 20bn dollar dangote refinery is not made for Nigeria only .it target is the global markets that why it can blend several grade of crude not only bonny light. It has a 7m jetty that can export. Right now a ship is loading over 35mt tonnes of urea to Brazil. They paid 12 m USD for a single shipment . Dangote sell @ 290 to vitol oil trading 1bn litres per month @market price .vitol sell to NNPC @295 ( sole importer since 2015) NNPC sells to depots @146 and depot sell filling station @154 station sell to you at 165 and u enjoy you life .end of the year NNPC slam Faac accounts a 1 trillion naira loss or Nass make a appropriation in the budget for Bleep billion to pay for it .within concern dangote with una poor run country.

Lazyyouth4u:


Donald Trump, Steve Jobs, Elon Musk, Jeff Bezos, Kanye West are/were not the most emotional intelligent people you will ever meet and are/were known to always lose control of their emotions but were/are not financial disasters.

Ordinary folks with all the financial education and the so called behavioral skills in the world will never be wealthy if they do not have opportunities. The world is a capitalistic jungle with limited opportunities. And most people will unfortunately not be wealthy. Just learn to live within your means and hope for the best.

It seems you think about wealth and money a little too much. You are a young man. Please learn to relax and enjoy life while you can. Life is too short to spend our short existence here thinking about being wealthy all the time. If you can feed and care for your family, you are already a winner. There are people that cannot even afford to put food on their families’ tables.

einsteine:


He had SEC approval and was even a member of Fund Managers Association of Nigeria (FMAN).

emmanuelewumi:



What is the name of his firm? I will confirm his membership of FMAN. What is the name of his fund?

einsteine:


Addy Finance and Investment Limited.

He is registered as a portfolio manager and it is even searchable on the list of approved capital market operators on the SEC website.

einsteine:


Addy Finance and Investment Limited.

He is registered as a portfolio manager and it is even searchable on the list of approved capital market operators on the SEC website.

emmanuelewumi:



Reason why I asked for the type of license. SEC issues different licenses for capital market operators, they have for lawyers, accountants, issuing houses, Investment banks, exchanges, fund managers, portfolio advisors. capital market agents etc.

He can't be a licensed fund manager, what is the name of his fund?

emmanuelewumi:



Reason why I asked for the type of license. SEC issues different licenses for capital market operators, they have for lawyers, accountants, issuing houses, Investment banks, exchanges, fund managers, portfolio advisors. capital market agents etc.

He can't be a licensed fund manager, what is the name of his fund?

emmasoft:


If he's registered as CMO and he operated a product that is not registered with SEC he can still be sanctioned. There are some stockbrokers who have gone under as result of such actions.

Tobex4realTobex234:
Shine your eye and invest by yourself. All these individuals are crooks.

jedisco:


Dangote himself would prefer subsidy is removed but are Nigerians ready. If subsidy is still in place, irrespective of if Dangote sells to depots or NNPC, the average Nigerian would see the government allocating a sum for petrol subsidy as paying money to Dangote...

Personally, I believe that's why the refinery has stalled. Dangote is known to finish his projects in good time just like the fertiliser plant. It's interesting why the fertiliser plant kicked up first and has been running for months yet the refinery section keeps being pushed back. Chances are he's told the government he cannot operate without the outright removal of subsidy... Another evidence is the fact that allocation for subsidy in next years budget runs till middle of the year when his refinery should begin....

I've heard alot about the swap stuff... But if it's only crude swaps, how come trillions are being budgeted for subsidy? Where does the money go

Telsidelake:



I invested once o and stopped. All this monthly ROI paying investment plans always have issues.

Tobex4realTobex234:
Also for newbies here scared of fintechs. Your concerns are valid. But you should not be scared of only fintechs, but anywhere you put your money.

That said, let me expatiate on what I mean by your investment journey should be self directed.

When you buy shares on Bamboo or Trove or Chaka, you don't fucking need a SEC approval. You can easily confirm that you own those shares by doing a check with the companies you have invested in (I always do this).

For all the stocks I've bought through Bamboo, I have verified them with the companies. Even my income fund in SFS through Cowrywise is verifiable.

So why the hell do you worry more about SEC approval of apps that only act as an interface more than the actual stocks or funds you have purchased.

Even N26 that is an actual digital bank recently closed down in the UK due to Brexit, and customer funds are accessible. N26 is even way riskier, yet people get their funds.

Don't let people that are buying the same funds as you oppress you into thinking the funds are not safe because you bought yours through an easier platform.

Remember, paper recharge card and USSD recharge na the same thing. No let anybody bobo you.

akinola98:


Thanks for this info … quite helpful

Meanwhile do u invest in foreign stocks through these apps ?? If u do, how do u verify your stock with the companies Thanks