northbird:


Boss, as per me o, if I had 800k - 1m , na to gradually move away from the Uber/ BOlt thing.

A whole 800k to buy a second hand car and put it again under the SLAVE MASTERS ( Uber n BOlt)

A car under UBER N BOLT is not an ASSET.

It keeps deprecating week in week out.

Heck, the system is highly volatile and unpredictable,

Look at, these two weeks now, it means zero returns on investment.

Look @ guys DT used financing to buy their cars, is that not trouble.

Felicity0001:

Have you consider selling off this car while you use the proceed to buy a suitable car for the business. I'm sure you will have money left.

You might end up regretting ur decision of using such and expensive car which requires huge money to maintain for ehailing on Nigeria roads.

Many have failed trying it out and that includes me.

Anyways, you can still give it a try if you dont mind. But one thing I'm very sure about is you'll finally sell of that car but by then the value must have depreciated due to the savage from the hustle.

Make the right choice now!

xana101:
I’m really thinking of business to do with like 800k to 1m. I’m seriously considering buying a naija used Toyota Corolla 2005 and put on rental at 25k weekly. Guys please do u think I’m ok. If I get a good driver do u think I’ll make my money. Thanks

xana101:
I’m really thinking of business to do with like 800k to 1m. I’m seriously considering buying a naija used Toyota Corolla 2005 and put on rental at 25k weekly. Guys please do u think I’m ok. If I get a good driver do u think I’ll make my money. Thanks

xana101:
I’m really thinking of business to do with like 800k to 1m. I’m seriously considering buying a naija used Toyota Corolla 2005 and put on rental at 25k weekly. Guys please do u think I’m ok. If I get a good driver do u think I’ll make my money. Thanks

A305:
Took me about 30 minutes contemplating whether to reply this or not because if it was that easy, you wouldn't even need any one's opinion who isn't an investment banker or broker.

You need to realize that, the kind of investment (financial risk) you willing to take will determine your returns; someone else somewhere might only need just 400k out your 1M to make 1Million plus within a year and another might need your whole 1M to make just 1.1Million within the frame of that samw 1 year.

What really matter is the risk involved, Now have you ever heard of the saying "The rich will always be rich and the poor will always be poor."

Why is that?

This is because the rich invest more in the money market mostly on financial securities such as Bonds, stocks, Mutual funds, Treasury bills, shares etc. Now most times, when this rich guy gets into financial challenges , In most cases, his profit alone in the money market is enough to solve his problem(s).

A poor person will start looking for loan or selling their properties in time of distress. This is why the rich will always be rich and the poor will always be poor/struggling.

If you not skilled or experienced to trade turning your capital into profit or you don't want to invest in the line of business (Ehailing) you currently in. Then your best option is Mutual funds by Either Stanbic Ibtc, Axa mansard or First bank.

When you invest in mutual funds, Go home and sleep; although the interest percent that determines your returns changes daily but one thing is sure your money is safe and you always making money while you sleeping - Even if the economy is crashing you can't loose your money.

Due to the ongoing Coronavirus pandemic making people to go haywire panic buying, selling and withdrawing - Ask me who are currently making money as I type this - Yes! You guessed right, Rich people because financial securities especially Mutual funds and Treasury bills interest will automatically be raised.

Landed property is another option but not viable enough sometimes due to some reasons such as location of property , Not easy to find buyer when your need money quickly and it takes years for it to appreciate.

So the ball is in your court and never forget your financial risk determines your profit.

dru23:


For now many business is on hold due to the epidemic. Even the oil industry is been affected, so whatever business is out there now is adversely affected by the epidemic.
Transportation business is a very lucrative business, company like young shall grow, God is good motor etc. Companies like these has been around for years . The owners of these companies master the game, not easy but it is a good cash flow business....

Now property business is a long term investment. It's a business you invest and take your mind off. As business man you need cash flow, you need a business that brings in cash and cash is king.

So if you are not ready to take risk and have a cash flow business, it is better to get a regular job like everybody else and any little money you have u can use it to buy land. And from there you continue doing your office job till you retire ....

But if you dont want to live average, you have to come out of your comfort zone and take risk....

Vision2045:


Believe me this is not a great time to stock up shares....currently the figures is in decline and will remain so till first quarter of 2021.

A305:
Financial security isn't just "shares" sir. I did hammer more on mutual funds and Treasury bills.

Vision2045:


As you can see...I blacked out shares sir...and I didn't touch other financial securities sir ...am not opposing your advice...I only comment on one of the financial securities u mentioned sir

xana101:
whats else can one do. Don’t know any other biz. Don’t want a biz that would require my presence cos I also drive on Uber and have one other biz I do. Just want to diversify for extra income by the side. If u have a better idea I’ll be glad to learn.

dru23:


For now many business is on hold due to the epidemic. Even the oil industry is been affected, so whatever business is out there now is adversely affected by the epidemic.
Transportation business is a very lucrative business, company like young shall grow, God is good motor etc. Companies like these has been around for years . The owners of these companies master the game, not easy but it is a good cash flow business....

Now property business is a long term investment. It's a business you invest and take your mind off. As business man you need cash flow, you need a business that brings in cash and cash is king.

So if you are not ready to take risk and have a cash flow business, it is better to get a regular job like everybody else and any little money you have u can use it to buy land. And from there you continue doing your office job till you retire ....

But if you dont want to live average, you have to come out of your comfort zone and take risk....

Babadee1900:
Cryptocurrency trading.

A305:
I have been do this since I left school and frankly I can tell you, you leading him towards the wrong path.

I day trade and swing trade so I am talking from experience.

xana101:
I’m really thinking of business to do with like 800k to 1m. I’m seriously considering buying a naija used Toyota Corolla 2005 and put on rental at 25k weekly. Guys please do u think I’m ok. If I get a good driver do u think I’ll make my money. Thanks

A305:
Absolutely, I see that. So technically we on the same page sir.

On the side note - Mutual funds interest percentage changes daily so it's funny how he could earn 1k on his 1M investment one day and earn 3k the next day or maybe more in this coronavirus era.

It all depends on the interest percentage.

A305:
Absolutely, I see that. So technically we on the same page sir.

On the side note - Mutual funds interest percentage changes daily so it's funny how he could earn 1k on his 1M investment one day and earn 3k the next day or maybe more in this coronavirus era.

It all depends on the interest percentage.

nitigriti:
@xana101
A305 gave you the best advice: invest in mutual funds! And there is no better place to take your funds to than StanbicIBTC.

Place your funds in a high yield investment portfolio (they are riskier, but yield higher) and watch your funds grow at 13-20% per annum. In extremely good years, your funds could grow by as much as 25% in 1 year. And, to make it sweet, keep rolling over your yield earnings along with your capital. In 15 years time, we would be talking about several free millions of naira in your account.

Let's crunch some numbers:
(1) If you start out with #800,000 principal in a high yield investment averaging 12% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #11.6 million at the end of 15 years.

(2) If you start out with the same #800,000 principal in a high yield investment averaging 15% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #17.4 million at the end of 15 years.

Note that both scenarios are conservative. StanbicIBTC is Nigeria's financial markets "market maker," so its book's will never go red. The implication is that its portfolio products will always give the best yields in the country for sometime to come. Only a political upheaval will upturn its current position. Maybe this is the reason Dr. Atedo Peterside refused OBJ's offer of CBN Governorship.

You have the capital. I'm sure you can afford an extra #360,000 deposit every year. StanbicIBTC is there waiting for you.

You are good to go sir.

NYCnextStop:
you are very correct on the interest rate.

I have my 500k in Stanbic mutual fund since May 2018 and till now the interest is very minimal

For me I think mutual funds is trash

shollywendy1:

God bless u nitigriti and A305.
Like i adviced earlier on insurance mutual funds.
Seems from your break dwn analysis, i will need to enquire more about the stanbicIBTC policy.
Great idea bro

nitigriti:
And yes, mutual funds is not thrash; if you seek expert advice.

2019 figures. Anyone see the 15.54% year-to-date? And that's not even a high yield fund.

I proposed 12% yield every year, on the average. Conservative enough!

shollywendy1:

God bless u nitigriti and A305.
Like i adviced earlier on insurance mutual funds.
Seems from your break dwn analysis, i will need to enquire more about the stanbicIBTC policy.
Great idea bro

nitigriti:
@xana101
A305 gave you the best advice: invest in mutual funds! And there is no better place to take your funds to than StanbicIBTC.

Place your funds in a high yield investment portfolio (they are riskier, but yield higher) and watch your funds grow at 13-20% per annum. In extremely good years, your funds could grow by as much as 25% in 1 year. And, to make it sweet, keep rolling over your yield earnings along with your capital. In 15 years time, we would be talking about several free millions of naira in your account.

Let's crunch some numbers:
(1) If you start out with #800,000 principal in a high yield investment averaging 12% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #11.6 million at the end of 15 years.

(2) If you start out with the same #800,000 principal in a high yield investment averaging 15% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #17.4 million at the end of 15 years.

Note that both scenarios are conservative. StanbicIBTC is Nigeria's financial markets "market maker," so its book's will never go red. The implication is that its portfolio products will always give the best yields in the country for sometime to come. Only a political upheaval will upturn its current position. Maybe this is the reason Dr. Atedo Peterside refused OBJ's offer of CBN Governorship.

You have the capital. I'm sure you can afford an extra #360,000 deposit every year. StanbicIBTC is there waiting for you.

You are good to go sir.

deedee44:

Please can you also highlight the risks involved? Especially in a worst case scenario
Thanks

tunlapapa:


It was averagely okay not until Nov - Dec last year.
This report states year 2019 but I am sure Nov to Dec is not inclusive. Treasury and mutual both crashed the individuals on treasury purchase.

A305:
With Stanbic ibtc you are covered - You only just need to get their app to monitor your daily returns on investment as your money increases NOT much but good for no risk investment.

My first car on Uber was from part of my mutual funds investment.

nitigriti:
@xana101
A305 gave you the best advice: invest in mutual funds! And there is no better place to take your funds to than StanbicIBTC.

Place your funds in a high yield investment portfolio (they are riskier, but yield higher) and watch your funds grow at 13-20% per annum. In extremely good years, your funds could grow by as much as 25% in 1 year. And, to make it sweet, keep rolling over your yield earnings along with your capital. In 15 years time, we would be talking about several free millions of naira in your account.

Let's crunch some numbers:
(1) If you start out with #800,000 principal in a high yield investment averaging 12% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #11.6 million at the end of 15 years.

(2) If you start out with the same #800,000 principal in a high yield investment averaging 15% yield every year for 15 years; leaving the capital and yield (interest) untouched; but adding additional #360,000 yearly; you would have your capital of #6.2 million plus accumulated interest of #17.4 million at the end of 15 years.

Note that both scenarios are conservative. StanbicIBTC is Nigeria's financial markets "market maker," so its book's will never go red. The implication is that its portfolio products will always give the best yields in the country for sometime to come. Only a political upheaval will upturn its current position. Maybe this is the reason Dr. Atedo Peterside refused OBJ's offer of CBN Governorship.

You have the capital. I'm sure you can afford an extra #360,000 deposit every year. StanbicIBTC is there waiting for you.

You are good to go sir.

deedee44:

Please can you also highlight the risks involved? Especially in a worst case scenario
Thanks