rationalmind:


I'm not sure this thing is this straightforward.

Lets look at this hypothetical scenario.

Two people work in the same place that gives car loan payable in five years with monthly deductions from salary. Both of them can afford to buy a vehicle without taking the loan.

One takes a loan to buy, and passively invests the money he would have used to in say Mutual funds.

The other buys from his "savings" or maybe interest from another investment while he keeps collecting his full salary.

Which one would you say has made the best decision.

9jatriot:
I would have told you that the probability in most cases is low, but it is a very sensitive topic for most people so I will let it slide.

Satoshi2019:
I just ordered for a cold bottle of beer for everyone here. U guys are saving lives. Welldone for the free masterclass lectures

naijaoyibo:
This is the best thread on Nairaland.

Meanwhile I would like to hear your views on the following below distinguished senior colleagues:


I have some money in one of this Agro-Tech platforms, about 10M Naira. The return on investment is 20% in 9 months. The investment would mature only in October and return 12M Naira. The Naira is on extreme pressure and I believe this 2020 might be worse than 2016 when it was devalued from 150 to 360 Naira per dollar. I fear that a serious devaluation may occur before October when my fund matures. If I withdraw the investment now, I get only my capital of 10M, however, I have the opportunity to change the Naira at 390 - 400 Naira per dollar and cut my losses.

I want to minimize losses but perplexed on the step to take.


I would like to hear your views senior Investors.

naijaoyibo:
This is the best thread on Nairaland.

Meanwhile I would like to hear your views on the following below distinguished senior colleagues:


I have some money in one of this Agro-Tech platforms, about 10M Naira. The return on investment is 20% in 9 months. The investment would mature only in October and return 12M Naira. The Naira is on extreme pressure and I believe this 2020 might be worse than 2016 when it was devalued from 150 to 360 Naira per dollar. I fear that a serious devaluation may occur before October when my fund matures. If I withdraw the investment now, I get only my capital of 10M, however, I have the opportunity to change the Naira at 390 - 400 Naira per dollar and cut my losses.

I want to minimize losses but perplexed on the step to take.


I would like to hear your views senior Investors.

ahiboilandgas:
Naira is a dead currency no stability from 150 in 2013 to 450 ....African are going to be poor for ever ....

henifri:
Good evening guys!

Does anyone have any idea the current value of Nigeria's foreign currency reserve? I have tried to get this information online, but most data I see just show the value as at November 2019.

ahiboilandgas:
Naira is a dead currency no stability from 150 in 2013 to 450 ....African are going to be poor for ever ....

ahiboilandgas:
Naira is a dead currency no stability from 150 in 2013 to 450 ....African are going to be poor for ever ....

rmx:


The naira is already at 460 at the black market and might rise further , let’s even assume there are lots of speculations and the true value is say 420/430 when devaluation fully sets in and is official , you have already lost close to 19% already in dollar terms from the initial starting point of 360 in feb when u did the transaction

The rate you are still getting 390/400 is excellent ,do they allow partial liquidation of the investment so that you withdraw 50% and hedge With this $ purchase , tough call

You should have asked this question in feb , would have told you to buy dollars immediately ,people should have hedged most of there loose naira months ago in dollars or stocks as in goods if you are trader , raw /packaging materials if you are manufacturer etc

Meanwhile I admire the courage of people investing in this agriculture technology space , una get liver wella

All the best bro

Ibk2020:


Reasons why am planning to relocate to Canada asap... This country can make someone broke no matter how rich you are,their is no security of investment.

abraolas1:


do u buy chance know Jarus .....i see you quote him in one of your post sir

missjekyll:


This is usually where I zone out. I dont really do details but rational minds,would you mind stating this in some other way?

I m sure there is a huge lesson in there but I just dont get it. Thanks in advance

ahiboilandgas:
cbn and Nigeria state has effectively wipe out all profit from your tb investments since 2017, imagine a man that kept 100k (15m ) in 2013 now has over 45m naira ...this shit.....the depreciation rate is 3 much not even after 20 years....if now that we are farming rice the currency is it lossing value .even the Dangote refinary eill not change things......naira is a dead currency

ahiboilandgas:
cbn and Nigeria state has effectively wipe out all profit from your tb investments since 2017, imagine a man that kept 100k (15m ) in 2013 now has over 45m naira ...this shit.....the depreciation rate is 3 much not even after 20 years....if now that we are farming rice the currency is it lossing value .even the Dangote refinary eill not change things......naira is a dead currency

Ijeoma660:


Was my former colleague at the office.

ahiboilandgas:
cbn and Nigeria state has effectively wipe out all profit from your tb investments since 2017, imagine a man that kept 100k (15m ) in 2013 now has over 45m naira ...this shit.....the depreciation rate is 3 much not even after 20 years....if now that we are farming rice the currency is it lossing value .even the Dangote refinary eill not change things......naira is a dead currency

Aquilapriscilla:

Wait,but is this even possible? Having two bank accounts within the same bank?
Good morning

Theconglomerate:
I thought you all were preaching how fixed investments were the best and how nothing better had happened to humanity after it?

Wickedfacts:
For those who are new to what's going on, I know this guy very well and right from day 1, he has always seen this thread as his pot of soup. His aim is to use his imaginary farm to scam as many as possible.

Healthserve, Hspda, Planet3xi, Kunleweb, Essenceplus, Simeon, Edafe, Prudent Farms
Those are his Monikers. They chased him off the investment section like a dog.

He is a thief. I mean a hardened criminal who goes about looking for people to scam.

Upper year, he was selling Facebook accounts.
Last year, he was selling gnld.
From there, he started an imaginary farm.
Recently, he was promising people 200% if they invest in his business.
In August, he was in the property section fighting for real estate agency fees.

After that, he claimed to have 5 Nissan cars on hire purchase? Thereafter, he had forgotten he said that when he started begging someone to give him a bus for hire purchase.

Go and check this guy's posts. He roams about Nairaland looking for innocent prey to fall victim of his scams. Very useless nonentity.

Please, let everyone ignore this scammer and let's move on.

Theconglomerate:
I thought you all were preaching how fixed investments were the best and how nothing better had happened to humanity after it?
There are some flexibilities the real economy will give you that this fixed whatever can't.
Imagine how safe people that hoard commodity will be this period?
If the naira depreciates even further,very very good.
If it doesn't and stay where it was,then it is business as usual.
Even if it appreciates,a person still has close to a month or thereabout to offload stock before cheaper commodity caused by currency appreciation starts flooding the markets.
Imagine how frustrated people having T-bills and all other fixed investments will be now knowing they could have adjusted to the incoming inflation if they had their liquid at their disposal but no,its tied to fixed investments that will liquidate in a years time,after inflation must have hit 300%
Later some self acclaimed economist will come and claim how person A invested in so so so bond and is now rolling in millions and have bought half of banana Island .
I wonder when humans will learn that there aren't shortcuts to riches but with hardworking,proper planning and persistence.

ositadima1:




Lol

Theconglomerate:
I thought you all were preaching how fixed investments were the best and how nothing better had happened to humanity after it?
There are some flexibilities the real economy will give you that this fixed whatever can't.
Imagine how safe people that hoard commodity will be this period?
If the naira depreciates even further,very very good.
If it doesn't and stay where it was,then it is business as usual.
Even if it appreciates,a person still has close to a month or thereabout to offload stock before cheaper commodity caused by currency appreciation starts flooding the markets.
Imagine how frustrated people having T-bills and all other fixed investments will be now knowing they could have adjusted to the incoming inflation if they had their liquid at their disposal but no,its tied to fixed investments that will liquidate in a years time,after inflation must have hit 300%
Later some self acclaimed economist will come and claim how person A invested in so so so bond and is now rolling in millions and have bought half of banana Island .
I wonder when humans will learn that there aren't shortcuts to riches but with hardworking,proper planning and persistence.

OgogoroFreak:
You can't have it all. Most people that invested in fixed income have a job. You don't expect them to import or hoard commodity. Also, those who invested in fixed income are even better than those who did not invest at all. So, don't make it look as if investing was a wrong move.

Now, I have enough goods in my warehouse. It's easy for me to just adjust my selling price to the current exchange rate. But I also have lots of Naira in my bank account that still suffered devaluation.