emmanuelewumi:



Exactly, capital will appreciate when a business grows.


In 2004 Peterside Atedo the founding CEO of Stanbic IBTC Bank, said his friends who invested 100k when he started his bank in 1989, had the value of their investments grew to N120 million 15 years after.

That is the geometrical increase that can happen with a business or Investment in a growth company operating in a growth sector.

The bank grew from no branch, no customer, no profit in 1989, to millions of customers, multiple branches, billion Naira profit etc in 2004.


You also need N20 millon to get a bank license in 1989, you also need over 300k to buy a new Honda Accord from Honda's Place in 1989.

So the 100k invested by Atedo's friends could only buy fairly used cars in 1989 and the car should be a scrap valued at 50k in 2020

Atedo and his friends who believed in him and invested in his dreams are now billionaires in Naira.

But how easy, is it to get honest and trustworthy business partners nowadays?

TotoNaRubber:
Use it to buy cheap dollar if you can and put under your pillow, beware of the one million boys.

Godbpraised:
EGUNGUN be careful. i would advise you can leave the funds in ur account banks offer 4.5%, the condition are u do not withdraw from the money more than 3 times. In summary ensure u understand Fully what u are investing into.

seyisanya:
The statement in block letters is very true and I completely agree, but there is need for a paradigm shift. I feel we need to begin to expatiate all the investment quotes out there, which includes CASH IS KING, so that intending investors can have a clearer understanding of how things work.

Yes, invest in what you understand but be open-minded and seek knowledge of other investment vehicles. I know people that only understand fixed deposit as a viable form of passive investment/income. When you try to educate them about Treasury bills or Mutual Funds, they quickly respond with the usual statement, ''I ONLY INVEST IN WHAT I UNDERSTAND''. But we all know that understanding how T-bills and MMF work is not rocket science.

hollerbaby:
But 1million 20years ago no be beans o, anyway people that invested the little they had will be making a to do list now sha

abraolas1:
is there anyone here that operates Invest Now (United Capital) Bond Funds or Balanced fund ?

just want to ask how it Operates and your Experience so far..

thanks

cc: Emmanuelewunmi

Barrytone:


It took me 6 months on this thread and reading other materials including talking to my banker friends to start TB investment. Right now rate is low and am still trying to understand bond. When I do which I'm getting conversant, I will invest by next year. Next will be to study shares which it seems I will have to get a classroom tutorials to master it. Don't start selling kerosene because papa emeka that sells kerosene looks buoyant. Go and learn the art of selling kerosene before you commence.

Godbpraised:
Are u protected by CBN/NDIC

freeman67:


I do. Just like the normal mutual fund..i.e MMF. Of the 2 Bond Funds is more stable. It grows gradually with very minimal risk. While balance have some elements of risks embedded in their Investment plan.

In my trial with UCAP Balance Funds, N50,000 I invested reduced to about N43,600 within a month. I had to withdraw N43,000 and send to my MMF account. But I noticed it has started growing because the N600+ I left there has risen to N700. Hope this helps.

contumely2:
I am inviting fairfora, Fid4fid
Truthdefender ,dasuks and sultaan to this great thread.
They are seasoned business men.

Sirs, you might go through a few of the last pages. I am sure you will find people here interesting. I adjudge this thread a respository of good brains on Nairaland.

A round of applause for them.

LET ME NOW encourage others to invite pundits they know here. I am sure they will appreciate the thread and also contribute.

cc adaorank

contumely2:
I am inviting fairfora, Fid4fid
Truthdefender ,dasuks and sultaan to this great thread.
They are seasoned business men.

Sirs, you might go through a few of the last pages. I am sure you will find people here interesting. I adjudge this thread a respository of good brains on Nairaland.

A round of applause for them.

LET ME NOW encourage others to invite pundits they know here. I am sure they will appreciate the thread and also contribute.

cc adaorank

speak2lift:
I got his confirmation...sorry I had been distracted at work of late. This Work from Home thingy is a big scam. You find yourself working longer hours.

Ok - so he confirms that minimum holding period is 90 days.

Nnamz:

Sometimes I wonder if it is the same Nigeria I know you guys are talking about. You know the longest I've ever waited to be served in a bank here in Canada? 5 minutes or less. You know how many times I've lined up to withdraw money from an ATM? ZERO. Yes you read that right. Zero times that I sometimes wonder if I'm the only one that uses ATMs. I could from the comfort of my bedroom take a photo of a cheque and have the funds deposited in my bank account, within seconds, without leaving my house. Abeg stop all these unnecessary hype about Nigeria. Fear God na

freeman67:


I do. Just like the normal mutual fund..i.e MMF. Of the 2 Bond Funds is more stable. It grows gradually with very minimal risk. While balance have some elements of risks embedded in their Investment plan.

In my trial with UCAP Balance Funds, N50,000 I invested reduced to about N43,600 within a month. I had to withdraw N43,000 and send to my MMF account. But I noticed it has started growing because the N600+ I left there has risen to N700. Hope this helps.

Thisnut:
you can also use the drive through ATM without stepping out of your car, you can as well deposit using the drive through.
You can deposit and withdraw your cheques with mobile apps, you don't get charged for sms or stamp duty when you deposit or withdraw, the bank officials don't ask for tips when you withdraw, you don't go through the back door to get special treatment because you're rich. My bank pays back all charges using other banks atm. Banks give you credit card protection incase you are being hacked or someone who's not you had used you card, you get all your money back.
So far i think Nigeria has the most backward Banks i have ever seen and they are all thieves.

I know usa banks takes about 24hrs for transfer to get through, That gives you enough time to put hold on the transfer and make necessary adjustments. If it's that urgent, you should have done it yesterday. beside, banks provide app like zelle and you can use cashapp for instant money transfer, they have no charges.

If you're doing well in Nigeria, don't give Nigeria any credit. You're just at the mercy of God. If you doubt me, quit your job and see if you will ever get another one. Lol!


Some will say I'm very negative about Nigeria,
yes i am. Imagine my older sister who's a lecturer in nigeria is making less than a street begger in the U.S.

Thisnut:
you can also use the drive through ATM without stepping out of your car, you can as well deposit using the drive through.
You can deposit and withdraw your cheques with mobile apps, you don't get charged for sms or stamp duty when you deposit or withdraw, the bank officials don't ask for tips when you withdraw, you don't go through the back door to get special treatment because you're rich. My bank pays back all charges using other banks atm. Banks give you credit card protection incase you are being hacked or someone who's not you had used you card, you get all your money back.
So far i think Nigeria has the most backward Banks i have ever seen and they are all thieves.

I know usa banks takes about 24hrs for transfer to get through, That gives you enough time to put hold on the transfer and make necessary adjustments. If it's that urgent, you should have done it yesterday. beside, banks provide app like zelle and you can use cashapp for instant money transfer, they have no charges.

If you're doing well in Nigeria, don't give Nigeria any credit. You're just at the mercy of God. If you doubt me, quit your job and see if you will ever get another one. Lol!


Some will say I'm very negative about Nigeria,
yes i am. Imagine my older sister who's a lecturer in nigeria is making less than a street begger in the U.S.

Thisnut:
you can also use the drive through ATM without stepping out of your car, you can as well deposit using the drive through.
You can deposit and withdraw your cheques with mobile apps, you don't get charged for sms or stamp duty when you deposit or withdraw, the bank officials don't ask for tips when you withdraw, you don't go through the back door to get special treatment because you're rich. My bank pays back all charges using other banks atm. Banks give you credit card protection incase you are being hacked or someone who's not you had used you card, you get all your money back.
So far i think Nigeria has the most backward Banks i have ever seen and they are all thieves.

I know usa banks takes about 24hrs for transfer to get through, That gives you enough time to put hold on the transfer and make necessary adjustments. If it's that urgent, you should have done it yesterday. beside, banks provide app like zelle and you can use cashapp for instant money transfer, they have no charges.

If you're doing well in Nigeria, don't give Nigeria any credit. You're just at the mercy of God. If you doubt me, quit your job and see if you will ever get another one. Lol!


Some will say I'm very negative about Nigeria,
yes i am. Imagine my older sister who's a lecturer in nigeria is making less than a street begger in the U.S.

talk2tonie:


For the United capital bond fund, is capital preserved?

9jatriot:
I do not think one can accuse you of missing anything, but the point being made is that the standard of living in some towns and villages is so low, accommodation so cheap and the communal style of living in some of these towns and villages makes it impractical for anyone to be homeless except maybe Hausa boys who do not mind sleeping anywhere anyway, that is the point being made.
Accommodation in Lagos is very expensive so you can expect many homeless people. No body is claiming that Nigeria is now an Eldorado, we are just just saying that not living in a duplex does not mean you are homeless.

ahiboilandgas:
u are unreasonable...u keep comparing Apple to oranges...must it be about Job applications .how about bussiness owners etc your problem is that u covert dollars direct to Naira as if Dollars is our money for exchange of Goods and service.....even if a begger earn 800 dollars monthly u will be on the sleeping on the streets while your sister on 240k will have 500k 2 bedroom to stay ....for the begger to have comparable life to your sister he needs over 4000 dollars monthly....your sister will own a home within 10 years of working in Nigeria saving 100 k permonth while begger in America will be on the street with terminal disease and can only dream of house

OgogoroFreak:
Even if accommodation is 1k a month, there still people who can't save that in a month. Also you will not take 1k to a landlord and expect him to tell you to move in.

I rented a very cheap accommodation for an homeless dude 2k a month. But the total money I paid was 65k. That's for 2 years rent plus agent and agreement fee. 2k a month looks very cheap but there are people who have never counted 65k in their life before let alone owning it.

People are homeless for several reasons. Some are homeless cos they lack sense or are not normal. Some are homeless cos they are addicted to drugs. They prefer to spend all their money on hard drugs. Many other cases like that.

freeman67:


Yes, capital is preserved.

emmanuelewumi:
Save, invest and buy assets.

N4000 invested in money market fund that grew at 10% from 1982 to date would have grown to N150,000 if allowed to compound. You will be getting an annual interest of N15,000 in 2020


N4000 invested in low cost housing estates of Jakande in 1982 would have grown to about N5 million in 2020. Generating rental income of about 300k


N4000 invested in dollars in 1982 would have grown to over N2 million in 2020.

I don't have the capitalisation history of Nestle from 1982, but N100,000 invested in 1999 has grown to over N8 million in 2020, getting a dividend of 400k from the investment.


If you are diversified and have invested in capital appreciating and income generating assets, you will do well even in the midst of inflation and currency devaluation

Barrytone:


1982 to 2020 is 38 years, what is our life span. Kids don't build houses. 38 + age as at when house was built, the builder might have died. I keep saying, building is for next generation and not investment for the living. You didn't include cost of maintenance and tenant court cases.
In all, to be a good parent, leave something for your kids but definitely not as an investment for you on your mind. I also begged earlier for you to also quote failed shares.

ahiboilandgas:
When I was in Nigeria on a US State Department Delegation in March 2018, the Consulate in Lagos estimated there were 100,000 US Citizens in Nigeria, and 20,000 in the rest of West Africa. Mission Nigeria is the largest non-resident visa ....if Nigeria is God forsaken place....how come 100k americans citizens are In Nigeria