Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,207,197 members, 7,998,168 topics. Date: Saturday, 09 November 2024 at 08:56 AM

What's The Best Way To Invest Idle Funds? - Investment (3) - Nairaland

Nairaland Forum / Nairaland / General / Investment / What's The Best Way To Invest Idle Funds? (30037 Views)

Pls Let's Do Business With Some Of Your Idle Funds. / Invest Your Idle Funds / Idle Funds : I Need Suggestions On Business And Investments (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply) (Go Down)

Re: What's The Best Way To Invest Idle Funds? by oluwaseyi0: 2:16pm On Mar 22, 2022
bigpicture001:
Monitor a progressive business around you and ask to asist with fund to grow faster with all term ND condition legally sorted out


Some gave me his idle 7million with all legal backing .. I am to pay 100k monthly and his 7 million will still be intact.... I agreed. I am a risk taker.. we are six months down the line and av paid him 600k..

And saved up 3.6 million for his payback whilst earned about 3.5 million aside the 3.6..

See, everybody is a winner!
and what are you putting his 7 million on that is doubling it in 6months?

grin shocked

8 Likes 1 Share

Re: What's The Best Way To Invest Idle Funds? by Timidangote(m): 2:17pm On Mar 22, 2022
Wish
Timidangote:
Invest in people.
Which i can contact you to discuss this
Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:17pm On Mar 22, 2022
Na crypto we u no like na im sure pass!


If only many knew!
Re: What's The Best Way To Invest Idle Funds? by fykes(m): 2:19pm On Mar 22, 2022
davien:
You said no cryptocurrency yet it's one of the best means to save.

You can lockup your usdt(avoiding Nigerian naira inflation) to earn 10-15% per annum through exchanges like binance, huobi, Okex, big one, etc.

You can save flexibly through Ancor savings and get 20% APY daily withdrawable income.

You can stake 20 Osmo and be paid 60% yearly and qualified for airdrops.

Make I no cast everything but there's money to be made in crypto(safely) if you're wise.
Pls I am really interested in the options u gave above. If u care to expand on them I can send u a pm email
Re: What's The Best Way To Invest Idle Funds? by illuminutty: 2:19pm On Mar 22, 2022
toujurs:
it's a scam Oga! Yahoo boys and ashawo lekki girls use them as front undecided

Can you please explain?
Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:19pm On Mar 22, 2022
Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.


Fixed deposit in Nigeria is a waste of time if you really understand money. Why? The amount of interest may sound high but it is high for a reason…..inflation in Nigeria is high. If you take a course in finance, one of the 1st things you will learn is that you have to look at your returns relative to inflation. So if you have a return of 15% but inflation of 20%, you are actually losing wealth even though on paper you have more “money”. Before you invest you need to understand some concepts like inflation, relative return, and the difference between wealth and money! The fact that you have more money than you started with does not mean you are wealthier!!!! 1 billion Naira may sound like a lot but it does not make you a rich man because it cannot buy much in Nigeria!!!! You buy a decent land in ikoyi as a “rich man” and you will find you will struggle to build a decent house with what is left, then you will know billion in Naira is nothing!!

Let’s say a piece of land costs 10m and a car costs 10m but you decide to put 10m in the bank and get 30% pa interest. If after a year you collect your 13m and are feeling richer until you realize that car is now 15m and the land is 16m, you’ve actually damaged your wealth by putting your money in fixed deposit despite on paper having more money. A good investment you should be able to buy more that what you could before you invested.

Long and short if you put your money in a fixed deposit, when you get your money back with your big interest can you buy the same items you could buy before your investment? if not you have actually lost wealth and you are poorer despite having more “money”. So a good investment is either one that protects your wealth or increases your wealth. That is the question you need to answer. You investment needs to at the very least protect you from inflation but also grow your wealth.

I hope that helps!

48 Likes 9 Shares

Re: What's The Best Way To Invest Idle Funds? by Timidangote(m): 2:20pm On Mar 22, 2022
+2348168809915
Please you can text me on WhatsApp. Let's discuss
Re: What's The Best Way To Invest Idle Funds? by DabFrankNG: 2:20pm On Mar 22, 2022
Real estate! Land appreciates rapidly so you just buy, hold for some time, and sell.

A piece of land that we bought for our client near Papa (Lafarge Cement area) for N350,000 in 2015 is now worth N2m.

There are still agric land of N600,000 per acre at Wasimi.

An American comedian once said, 'buy land, they ain't making any more of it.'

1 Like

Re: What's The Best Way To Invest Idle Funds? by IamDavid(m): 2:20pm On Mar 22, 2022
davien:
You said no cryptocurrency yet it's one of the best means to save.

You can lockup your usdt(avoiding Nigerian naira inflation) to earn 10-15% per annum through exchanges like binance, huobi, Okex, big one, etc.

You can save flexibly through Ancor savings and get 20% APY daily withdrawable income.

You can stake 20 Osmo and be paid 60% yearly and qualified for airdrops.

Make I no cast everything but there's money to be made in crypto(safely) if you're wise.

You sabi. How I go connect with you laidis? I dey on UST on Okex and branch. I split my funds into Naira and Dollars to be safe, both 20% pa. I want to know more
Re: What's The Best Way To Invest Idle Funds? by Teltel247: 2:22pm On Mar 22, 2022
Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM



Thank you.


Come and borrow me let me give u interest monthly undecided
Re: What's The Best Way To Invest Idle Funds? by illuminutty: 2:22pm On Mar 22, 2022
CordeliaNk:
Read this

Message to all Nigerians who are employees somewhere

If your salary is less than $1000 monthly, you need to SLOWLY read this. It is no longer news that regular individuals can work online and earn money LEGITIMATELY.

STOP paying for all these so called investment that promises to double your funds.

Join CPA affiliate marketing where USA companies like Microsoft, Dell, Macys, Vonage, Hostgator, Walmart, Godaddy and many more pay you IN DOLLARS by promoting their brands.
Rather than doubt, why don’t you ask questions (proof from successful trainees)
We can show you several accounts of our trainees who shared screenshots of their earnings, most people keep struggling and wondering how others are finding it easy in life, CPA marketing does the magic.

What we will do for you
***We will help you apply and get approved by these companies
***We will train you on how to earn US Dollars every day (PAID TRAINING)
***Within 24-48hrs of enrolling, you will earn $465 guaranteed
***Our team are experts at promoting these companies; the average trainee would earn at least $2500 monthly.
***You will be representing name brands in the US and they would pay you as a partner

How to start

Click on my profile to see proof and how to contact us https://www.nairaland.com/samuelez
There is a paid training with a FIRM refund policy, if you do not earn as promised, training fee will be refunded, with ₦15000 refunded just for inconveniencing you.


Ole ni everybody. All of una na thief just different methods.

2 Likes

Re: What's The Best Way To Invest Idle Funds? by simongonner: 2:24pm On Mar 22, 2022
Slayar:
I'm surprised you wrote Crypto currency / forex in same line with scam .
lolz . E tire me. People dey really underate crypto . Everything in my room, na crypto money I use buy am . I dey cashout
from Staking farming IDO, Safepal WHO. Though little loss here and there but if man hold solid project it will bounce back harder

2 Likes

Re: What's The Best Way To Invest Idle Funds? by Camelot65: 2:25pm On Mar 22, 2022
toujurs:
it's a scam Oga! Yahoo boys and ashawo lekki girls use them as front undecided
And that makes it scam?
Re: What's The Best Way To Invest Idle Funds? by Slayar: 2:27pm On Mar 22, 2022
simongonner:
lolz . E tire me. People dey really underate crypto . Everything in my room, na crypto money I use buy am . I dey cashout
from Staking farming IDO, Safepal WHO. Though little loss here and there but if man hold solid project it will bounce back harder

No need to convince anybody about anything. These days I just do my crypto for myself and my subscribers on my channel. No need to convince anybody about anything.
Re: What's The Best Way To Invest Idle Funds? by Ibklaye(m): 2:27pm On Mar 22, 2022
Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.




Best thing is to turn it to hard currency(£$€)or USDT which is a crypto stable coin you can easily convert it back and best inflation on Ur naira. Naira will soon be exchanged for 600/$ it's just a matter of time.
I come in peace.
Ibkfx

1 Like

Re: What's The Best Way To Invest Idle Funds? by letitrainnow(m): 2:27pm On Mar 22, 2022
Forex
Re: What's The Best Way To Invest Idle Funds? by simongonner: 2:28pm On Mar 22, 2022
Slayar:


No need to convince anybody about anything. These days I just do my crypto for myself and my subscribers on my channel. No need to convince anybody about anything.
naso bro.. it's well. More greens and lambo

2 Likes

Re: What's The Best Way To Invest Idle Funds? by joey150(m): 2:29pm On Mar 22, 2022
chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

20% per annum is too good to be true.

Sounds like one big ponzi scheme.

2 Likes

Re: What's The Best Way To Invest Idle Funds? by Bluntemperor: 2:31pm On Mar 22, 2022
Paperbag:
Lemme hep you

It all depends on the amount of funds at hand.
Give me a chart-up for a good returns.No charges,just a help!
Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:32pm On Mar 22, 2022
You said no cryptocurrency so I have no advice for you. Ave been staking some crypto and making decent APY on a regular, almost 200k a month guaranteed for doing nothing. It’s funny how you people think crypto is a scam but in reality crypto has grown past the average mind. Educate yourself!

2 Likes

Re: What's The Best Way To Invest Idle Funds? by Slayar: 2:35pm On Mar 22, 2022
simongonner:
naso bro.. it's well. More greens and lambo

Sure bro,goodluck.

1 Like

Re: What's The Best Way To Invest Idle Funds? by dipsy588(m): 2:36pm On Mar 22, 2022
Lydia,lydia,lydia how many times did I call you?.

I would say this once,go and invest in real estate which I'm sure you would get 40% interest of your initial capital per annum. 0.7.0.6.2.2.3.4.3.2.2
Re: What's The Best Way To Invest Idle Funds? by SimeonOTC(m): 2:36pm On Mar 22, 2022
chrisdking1:
Piggyvest Flex, 8% Per annum paid monthly
Piggybank, 10% Per annum also paid monthly

Branch Nigeria, 20% Per annum paid weekly.

please what is branch nigeria??
how does it work??
how secure it is??
when have you been using it??
Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:37pm On Mar 22, 2022
Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

First, you did the right thing by posting NO to all the stuff above.

My Recommendations:
1. Read everything on this thread. Do not skip any post. You may find someone with a good suggestion. I am doing same too. It may be on page 12 sef. And the fellow may not mention you. Take your time.

2. The only safe investment is nations' TBills. That of the US is considered the safest. But it may be hard for a Nigerian to do. You may check well and see if you can. Also, look into other nations' TBills. Our reputation is bad, so, I'm not sure about this option.

3. Nigeria used to make its TBill open to the public. I think the corrupt nature of Nigerians is too high. Imagine, banks take your money and invest in the same TBill vehicle, and then give you part of the interest. They will call it their investment scheme. I don't patronize them again. See, most of those asking you to put money in this bank and that bank have their cut. They aren't doing it in your interest. Banks these days won't allow you to bid for TBills through them again. Banks are serious 419s these days. When last did you see GTB put money in any of its ATMs? Now they deal with POS traders. They are looking for every way to take from you. Well, you may still get it, but I am sure that it will be a peanut. I do not know what 2% to 3% of any amount of money in naira will give you. Rather, if you find a secured one abroad with 5% in dollars, Euro or Pounds, you are fine.

3. Naira is terrible oooo. Dem be 419. Do not give your money to anyone. If you don't see any, keep your cash madam.

4. You can find a way to get into converting your currency into dollars without using the black market. There are still some legal ways but needs your effort. I went into content creation because I want to deal with more dollars. It depends on you. My point is that in this present Nigeria, it seems you must monitor everything you do. You can't trust anyone. It seems there is nothing you can get into without your effort. You just need to keep doing "longer throat" because there are too many thieves around...even bank CEOs. They are all thieves.

5. The best investment you may want to do is to find a way to be a permanent resident of another country. And maybe you can still keep your job here. Two of my friends have relocated temporarily to secure that. It is for this particular issue. With a naija passport, nothing. Everyone keeps rejecting you and your money outside the country. And putting it here is like playing with fire. No investment seems to be secured in Nigeria except you are a politician. Even they also move our money out cos they know it isn't secured here. To me, you may want to look into it. It makes you plan well.

Anyone who wants to invest in crypto or forex should do it by himself or herself. There are BOTs which one can use, but at one's own risk. It is still better than putting it with a 419 fund manager. Do not ever give your money to anyone to invest in crypto or forex. If you want to do it, take your time and use a bot. If it is profitable, fine...if not.....fine. you know the money is to take the risk. You can try with a small amount and see if it works. I do not use them cos I haven't got the time to look into them well. I plan doing it soon.

Well, it is not easy oooo. May God help you find something. I am reading posts here too.

23 Likes

Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:38pm On Mar 22, 2022
davien:
You said no cryptocurrency yet it's one of the best means to save.

You can lockup your usdt(avoiding Nigerian naira inflation) to earn 10-15% per annum through exchanges like binance, huobi, Okex, big one, etc.

You can save flexibly through Ancor savings and get 20% APY daily withdrawable income.

You can stake 20 Osmo and be paid 60% yearly and qualified for airdrops.

Please how does the bolded works ?

Make I no cast everything but there's money to be made in crypto(safely) if you're wise.

1 Like

Re: What's The Best Way To Invest Idle Funds? by Nobody: 2:39pm On Mar 22, 2022
davien:
You said no cryptocurrency yet it's one of the best means to save.

You can lockup your usdt(avoiding Nigerian naira inflation) to earn 10-15% per annum through exchanges like binance, huobi, Okex, big one, etc.

You can save flexibly through Ancor savings and get 20% APY daily withdrawable income.

You can stake 20 Osmo and be paid 60% yearly and qualified for airdrops.

Make I no cast everything but there's money to be made in crypto(safely) if you're wise.
The OP is a mumu, ave been making decent side hustle money with the cosmos ecosystem for quite some time now, osmosis used to be over 100% APY and I wish I had staked it earlier. Even if the OP wants to play it safe USDT is the best way to go but No! She shut the door against crypto. Some people and their mindset self.

2 Likes

Re: What's The Best Way To Invest Idle Funds? by funshint(m): 2:40pm On Mar 22, 2022
Lyydia:
Hi Nairalanders,
What is the best way to invest funds without actually being engaged in doing anything? I have what I do that brings in money, I just feel like some funds are idle in my account and Naira - dollar fluctuations isn't helping matter.

For example fixed deposit accounts, which Nigerian bank has the best interest rate?

No cryptocurrency
No forex
No betting
No scam investment
No PM

Thank you.

If you're not putting it in crypto then I don't know any other place o. Maybe land in a choice area.

Or invest in carbon, Branch or NOD. NOD has the highest rate. Or buy ETFs on Bamboo

2 Likes

Re: What's The Best Way To Invest Idle Funds? by omoiyalayi(m): 2:41pm On Mar 22, 2022
In this same country of ours ??

This same country where Buhari is the president

How do people get idle money in this Buhari regime (administration) ??

So many questions running through my mind
Re: What's The Best Way To Invest Idle Funds? by Anthonyola(m): 2:44pm On Mar 22, 2022
THE BEST WAY WITHOUT STRESS IS REAL ESTATE. BUY A GENUINE LAND WITH A REAL ESTATE COMPANY AND FOLD YOUR ARMS AND WATCH ITS APPRECIATION.
I work in a real estate company
WhatsApp/call me let’s talk about business
07031950067
Re: What's The Best Way To Invest Idle Funds? by austine4real(m): 2:49pm On Mar 22, 2022
AntiMen:
Who says there are no coincidences in life, My name is the same as the O.P and I also have idle funds I got from cryptocurrency trading, I'm done trading for the year and I want to invest my funds....

My funds are presently tethered and left in my crypto wallet, I seek same advice on how to invest it.

This is the best investment for u
Zylus group international limited
We in ogba and lekki phase 1

Get 15-35% per annum on ur capital

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) ... (11) (Reply)

Exit Of 109 Companies From NSE Causes Anxiety / Nigerians Shun Naira For Foreign Currencies To Protect Wealth / FTX Founder, Bankman-Fried Arrested In Bahamas, To Be Extradited To The US

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 60
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.