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Nairaland Forum / Nairaland / General / Business / If You Earn 2.5m Everymonth How Do You Invest? (26136 Views)
#2.5 Million: Will You Invest Here Or Travel Abroad For Greener Pastures? / If You Are Given N10million Today, What Business In Nigeria Will You Invest In? / Earn A Lifetime Stream Of Increasing Income When You Invest In Oceanna (2) (3) (4)
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Re: If You Earn 2.5m Everymonth How Do You Invest? by Druss(m): 1:31pm On Jul 09, 2023 |
Nothing. Put money in the S&P500 equivalent in the country's market. 4 Likes |
Re: If You Earn 2.5m Everymonth How Do You Invest? by lawani: 1:33pm On Jul 09, 2023 |
mrvitalis: That is why you need a business plan consisting of how much to invest and how you think the capital will be recovered. 2 Likes |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 1:33pm On Jul 09, 2023 |
It's not profitable Purvan: 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by motionarena: 1:37pm On Jul 09, 2023 |
newdawnlive: See this man. If indeed the token is sure profit as you claim finding the money 4 marketing wud be a small thing. Investors would have jumped on it by now. BTW share a link to what its all about am willing to invest if it looks profitable. 2 Likes 1 Share |
Re: If You Earn 2.5m Everymonth How Do You Invest? by SocialJustice: 1:39pm On Jul 09, 2023 |
KingintheNorth:Do not bring your money to Nigeria, buy ETFs or invest in foreign stocks. 4 Likes 1 Share |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 1:40pm On Jul 09, 2023 |
It's extremely volatile Landmine1: |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Cyphar(m): 1:40pm On Jul 09, 2023 |
Re: If You Earn 2.5m Everymonth How Do You Invest? by ferhyntorlah(f): 1:40pm On Jul 09, 2023 |
newdawnlive: Cryptocurrency. Memecoins? Na wa |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Sprints3: 1:44pm On Jul 09, 2023 |
Sporty no time to waste. Which business dey yield return for this country |
Re: If You Earn 2.5m Everymonth How Do You Invest? by ferhyntorlah(f): 1:45pm On Jul 09, 2023 |
Blossom12: Another Multilevel marketing (MLM) scheme. E no dey last. E go rug big time. KingintheNorth, please jump and pass. This is not an investment scheme. It's a ponzi scheme. 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by omoabike: 1:46pm On Jul 09, 2023 |
My advice for you is to first educate yourself about investing(check out this app on android or iOS Learn: Stock Market Investing). Make sure you have a 'rainy" day fund. Thereafter invest(not trade) in the stock market. Try and reinvest your dividend. Investing in the stock market is the easiest way to build wealth when you don't have the time to manage your investment yourself. So be careful of investing in business that you can't manage by yourself.Wealth building takes time so give yourself time to build it. Below is a screen grab of my current portfolio 4 Likes 2 Shares
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Re: If You Earn 2.5m Everymonth How Do You Invest? by MisterBanny(m): 1:46pm On Jul 09, 2023 |
victorazy: Na u ba? |
Re: If You Earn 2.5m Everymonth How Do You Invest? by victorazy(m): 1:49pm On Jul 09, 2023 |
MisterBanny: A friend |
Re: If You Earn 2.5m Everymonth How Do You Invest? by NamelessOGBENI(m): 1:49pm On Jul 09, 2023 |
Sonnobax15:He should run from them, in fact, block them ASAP. |
Re: If You Earn 2.5m Everymonth How Do You Invest? by NamelessOGBENI(m): 1:50pm On Jul 09, 2023 |
omoabike:Sir, Is there a way I could contact you on this? |
Re: If You Earn 2.5m Everymonth How Do You Invest? by IbeOkehie: 1:51pm On Jul 09, 2023 |
lawani: Landed property is NOT secure in Nigeria. Government can seize it at any time. Any powerful person can wake up one morning and raise a CREDIBLE claim or dispute. YOU KNOW THIS so why are you claiming real estate is secure in Nigeria. Anyone with access to a million dollars free and clear could do better than investing it in Nigeria...simply buy a 4 to 5% CD from a USA bank. That's the current market rate and it's FULLY guaranteed. That's what Nigerians call Fixed Deposit. There are big investors who have access to that kind of money and they're NOT investing in Nigeria for all the simple, credible and known reasons I've pointed out here and other places. By the way, have you been to high brow estates in Nigeria....VGC, Chevron Estate, Magodo, Foreshore in Lagos and also Abuja and seen the number of properties with FOR SALE signs...and the signs have been there for months and months? What do you think? Nigeria is UNINVESTIBLE, the economy is structurally unsound. Nobody holding dollars should be investing into Nigeria. It's STUPID. yusufmurry: Thanks for this. Very reasonable. I know that business was profitable some years back, I know a few people that put money in it around maybe 2017? They had to do some unethical accounting though. Remember NNPC and government are JV partners to most businesses that have anything to do with mineral resources. Basically they defrauded the government, but in a way they were justified. Right now I'm not so sure how the returns are these days. I'm going to ask. omoabike: You are very correct. I have to remind myself that trading is NOT investing. You make an excellent point 👏 in general. Thank you. However, for a person putting in DOLLARS or other hard currency, the naira depreciation in 7 years has erased all REAL returns. You would have been better off keeping the money in DOLLARS and doing nothing. Or maybe investing in the USA major indexes. Nigeria is rubbish. But we all know that by now Happy Sunday to all. 7 Likes 2 Shares |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Damian911: 1:53pm On Jul 09, 2023 |
Hamachi:How profitable is it, how do i invest and how do i even go about it? 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by yusufmurry: 1:54pm On Jul 09, 2023 |
Yes, everyone would point you towards real estate, not bad though but I will advise you if considering that, to buy, develop/build and resell. For example, you can spend say 50million and resell for 70million and above within a month or 2 of completion depending. Don't go into tenancy. You will not get your money in 20 years. Another way to look at is the oil and gas servicing business. Get an equipment and/or machine, lease it out either to onshore or offshore locations. Maintenance is not in your care. For example, you can get say forklift, crane, earth moving equipment, pumps, and tools used in servicing an oil field. Mind you, in the oil and gas business, there has a high level of safety and maintenance culture in consideration. Or get a warehouse, people use it to save their consignment temporarily and pay you daily depending on the agreement Mind you, these are businesses you can manage yourself, say, 70% remotely - seal a deal, meeting, financial involvement and other stuffs without committing to anybody that will dupe you. This is my free business advice based on my interest and opinion! There are other good that will advice in other areas of businesses. Good luck man and beware of any Nigerian girl that will slide in your DM to pretend love because they don't use their eyes to see where money is quoted and who has it. 15 Likes 1 Share |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Acidosis(m): 1:55pm On Jul 09, 2023 |
How do you earn Naira abroad? 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 1:56pm On Jul 09, 2023 |
Damian911:Download the app from Google play store and join their telegram channel @trove 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by MITCHELL96: 1:58pm On Jul 09, 2023 |
mariahAngel: Stocks is very very risky. Well, the cashout is always massive if it booms. 2 Likes 1 Share |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Hamachi(f): 1:58pm On Jul 09, 2023 |
ibechris:What's the % |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Greystone: 1:58pm On Jul 09, 2023 |
MisterBanny: Baba dey fear kidnappers oh ![]() 2 Likes
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Re: If You Earn 2.5m Everymonth How Do You Invest? by mrvitalis(m): 1:59pm On Jul 09, 2023 |
lawani:Someone brought some ideas I told him that amount cany cut it |
Re: If You Earn 2.5m Everymonth How Do You Invest? by omoabike: 2:00pm On Jul 09, 2023 |
NamelessOGBENI:Let's keep it public here so that others can learn from it. Download that app. It helps to demystify investing for anyone. It's user friendly too. What I shared is a result of investing for almost 7 years. I made mistakes too. Lost money before I realize I was doing stock investing the wrong way. Again STOCK TRADING IS NOT INVESTING. The likelihood of losing money is very high. 5 Likes 3 Shares |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Blossom12: 2:06pm On Jul 09, 2023 |
ferhyntorlah: It is not a ponzi scheme. MTFE was established more than 5 years now. Learn to make research before you conclude on something. MTFE is a forex brokerage platform for trading of Forex Financial Markets, Stock Indices, Commodities, Crypto Currencies etc. |
Re: If You Earn 2.5m Everymonth How Do You Invest? by MartinsD12(m): 2:06pm On Jul 09, 2023 |
post=124311540:And be carrying bad news like you do everyday 1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Purvan(m): 2:10pm On Jul 09, 2023 |
1 Like |
Re: If You Earn 2.5m Everymonth How Do You Invest? by yusufmurry: 2:10pm On Jul 09, 2023 |
IbeOkehie: Okay. But please you are only leasing out your equipment or tool to companies (it could be indigenous ) that have been awarded the contracts. |
Re: If You Earn 2.5m Everymonth How Do You Invest? by bigiyaro(m): 2:12pm On Jul 09, 2023 |
Start a production line, detergent, soap, gin, exercise books, vegitable oil, plantations, any products with mass consumption.... |
Re: If You Earn 2.5m Everymonth How Do You Invest? by Nickson6969(m): 2:15pm On Jul 09, 2023 |
Have someone to trust in Nigeria..then start real estate business.. buying land and developing it..while u come time to time to check |
Re: If You Earn 2.5m Everymonth How Do You Invest? by komols856: 2:15pm On Jul 09, 2023 |
KingintheNorth: Invest in genuine Landed properties especially in a location with fast and rapid development. And in a company with flexible payment plan. For more information chat: +2348030897019 |
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