Tvegas:

That barbing salon can also land him in a loss making position via low patronage and expenses on diesel. The higher the risk the higher the return. Fixed income investments have low returns for a reason. Lets always bear that in mind.

deseal ke ? It petrol na used only when costumer are barbing ...he will more than 330 naira daily

Barrytone:
I pity those that will derail, I keep saying I don't want too much money, maybe that's why am poor but I don't care because I am comfortable. if you need big profit then take more risk. Tbills is for us now, 4% is cool, still the best we can afford so keep your excess profit investment, I love Tbills for now.

Fair enough

But still


You still need to take an element of risk....
With a part of your income anyways

ahiboilandgas:
deseal ke ? It petrol na used only when costumer are barbing ...he will more than 330 naira daily

Some Barbershops lose money

DexterousOne:


Some Barbershops lose money

how?

Tvegas:

That barbing salon can also land him in a loss making position via low patronage and expenses on diesel. The higher the risk the higher the return. Fixed income investments have low returns for a reason. Lets always bear that in mind.

An unemployed graduate who won a lottery of N2 million, will do well for himself using 50% to 75% of the money for business than putting 100% of the money in a fixed income..



We were discussing on a WhatsApp group yesterday, a banker of about 15 years opened a bar some years ago.
The business was generating revenue but his workers didn't make the business to be profitable. It was the money he made in fixed income that he used in settling up the bar. He has closed the business and booked his loss.

He is now fully into the stock market and fixed income. And uses some of his funds to ship second hand cars from US and Canada, refurbishes and sells them in Nigeria.

ahiboilandgas:
how?

Low patronage, because of Covid 19 a lot of people cut their hair at home. I have not visited the barbershop in 3 years.

Very easy to give myself a skin cut

emmanuelewumi:



An unemployed graduate who won a lottery of N2 million, will do well for himself using 50% to 75% of the money for business than putting 100% of the money in a fixed income..



We were discussing on a WhatsApp group yesterday, a banker of about 15 years opened a bar some years ago.
The business was generating revenue but his workers didn't make the business to be profitable. It was the money he made in fixed income that he used in settling up the bar. He has closed the business and booked his loss.

He is now fully into the stock market and fixed income. And uses some of his funds to ship second hand cars from US and Canada, refurbishes and sells them in Nigeria.

Very risky business. How one join the whatsapp group?

Pls house, when is the next T-Bills primary auction date?

could this be part of the frugality.

emmanuelewumi:



Low patronage, because of Covid 19 a lot of people cut their hair at home. I have not visited the barbershop in 3 years.

Very easy to give myself a skin cut

Investors will always make investment decisions that are proportional to the level of their risk tolerance.

However, global economic dynamics necessitates a continuous review of investment portfolios so as to make required divestment decisions in order to cut losses and maximise returns.

In my honest opinion, being overly conservative and risk- averse is a big economic flaw!

emmanuelewumi:



Low patronage, because of Covid 19 a lot of people cut their hair at home. I have not visited the barbershop in 3 years.

Very easy to give myself a skin cut

Just like me. 4 years counting.

Leezah:
could this be part of the frugality.

That is a JAMB question ��.

It has to do with laziness of going to the barbershop every Sunday evening.

Leezah:
could this be part of the frugality.

I don't think so. I don't need any barber for a half plot.

IamR:

Just like me. 4 years counting.

It is cheaper, get a good clipper and you can use it for 4 years

emmanuelewumi:



An unemployed graduate who won a lottery of N2 million, will do well for himself using 50% to 75% of the money for business than putting 100% of the money in a fixed income..



We were discussing on a WhatsApp group yesterday, a banker of about 15 years opened a bar some years ago.
The business was generating revenue but his workers didn't make the business to be profitable. It was the money he made in fixed income that he used in settling up the bar. He has closed the business and booked his loss.

He is now fully into the stock market and fixed income. And uses some of his funds to ship second hand cars from US and Canada, refurbishes and sells them in Nigeria.

You see

There is one thing I always say

Maybe it's because of my background as an igbo man..
That makes me see things this way...


But what i always say is...

One do not jump into business

You dont just start business......

There is always a learning process you have to go through if you want to have a fair shot at success in your chosen business, be it apprenticeship (nwa boy and internship is the same btw ) or years of personal devt and research
And maybe even both


That's why it worries me when I read comments on NL that go this way


I have 600k I saved up; what business do you advice me to do

And people will start dropping suggestions

And the person takes a dive


And more often than not

Loses his money.

Its just my view that we need to shift our perception of this business / entrepreneurship talk we have in the Nigerian space

emmanuelewumi:



It is cheaper, get a good clipper and you can use it for 4 years

Exactly.

niyoni:
Investors will always make investment decisions that are proportional to the level of their risk tolerance.

However, global economic dynamics necessitates a continuous review of investment portfolios so as to make required divestment decisions in order to cut losses and maximise returns.

In my honest opinion, being overly conservative and risk- averse is a big economic flaw!

Depending on your level of wealth sha


.hypothetically

If one has N4b at his disposal

Being conservative will not hurt that much lol ;

niyoni:
Investors will always make investment decisions that are proportional to the level of their risk tolerance.

However, global economic dynamics necessitates a continuous review of investment portfolios so as to make required divestment decisions in order to cut losses and maximise returns.

In my honest opinion, being overly conservative and risk- averse is a big economic flaw!

Being overly conservative and risk averse is highly risky and destroys value

DexterousOne:


Depending on your level of wealth sha


.hypothetically

If one has N4b at his disposal

Being conservative will not hurt that much lol ;

N4 billion in cash, will lead to value destruction in 10 years. If you are very conservative, get your annual expenses for 10 years in cash and invest the rest in income generating and value appreciating assets

With N4 billion, N1 billion should be able to comfortably handle his expenses for the next 10 years. The remaining N3 billion should go into investments

DexterousOne:


You see

There is one thing I always say

Maybe it's because of my background as an igbo man..
That makes me see things this way...


But what i always say is...

One do not jump into business

You dont just start business......

There is always a learning process you have to go through if you want to have a fair shot at success in your chosen business, be it apprenticeship (nwa boy and internship is the same btw ) or years of personal devt and research
And maybe even both


That's why it worries me when I read comments on NL that go this way


I have 600k I saved up; what business do you advice me to do

And people will start dropping suggestions

And the person takes a dive


And more often than not

Loses his money.

Its just my view that we need to shift our perception of this business / entrepreneurship talk we have in the Nigerian space

Let me tell you real estate and portfolio Investments are the best for corporate guys.


Where will an assistant manager in a bank have time to run a bar. He either resigns, learn the business and face the business full time. If you can't do that, it is better buying properties at good prices or doing portfolio Investments

DexterousOne:


Depending on your level of wealth sha


.hypothetically

If one has N4b at his disposal

Being conservative will not hurt that much lol ;

Well, different strokes for different folks.

Do know, however, that it's even easier to grow N4b to N40b with the right investment knowledge and risk appetite.

God forbid it that He will entrust N4b in my care and I would give to the 'federal' gofament of naijayria in return for a miserly 4% per annum.

Olorun maje!

emmanuelewumi:



Being overly conservative and risk averse is highly risky and destroys value

Absolutely!

niyoni:


Well, different strokes for different folks.

Do know, however, that it's even easier to grow N4b to N40b with the right investment knowledge and risk appetite.

God forbid it that He will entrust N4b in my care and I would give to the 'federal' gofament of naijayria in return for a miserly 4% per annum.
Olorun maje!

I wont do this either tho lmao

emmanuelewumi:



Let me tell you real estate and portfolio Investments are the best for corporate guys.


Where will an assistant manager in a bank have time to run a bar. He either resigns, learn the business and face the business full time. If you can't do that, it is better buying properties at good prices or doing portfolio Investments

Yes boss

We are saying the same thing

DexterousOne:


You see

There is one thing I always say

Maybe it's because of my background as an igbo man..
That makes me see things this way...


But what i always say is...

One do not jump into business

You dont just start business......

There is always a learning process you have to go through if you want to have a fair shot at success in your chosen business, be it apprenticeship (nwa boy and internship is the same btw ) or years of personal devt and research
And maybe even both


That's why it worries me when I read comments on NL that go this way


I have 600k I saved up; what business do you advice me to do

And people will start dropping suggestions

And the person takes a dive


And more often than not

Loses his money.

Its just my view that we need to shift our perception of this business / entrepreneurship talk we have in the Nigerian space

One of tedtalk mentioned the bolded sighted Alaba as a case study and say is one of the successful business model in the world. Business is not for the faint hearted.

emmanuelewumi:



Low patronage, because of Covid 19 a lot of people cut their hair at home. I have not visited the barbershop in 3 years.

Very easy to give myself a skin cut

oga u be old school....Nigeria population under 40 is around 80 percent ....those young boys doning beard gang na ever 3 days ,with those cock head style cant be done at home ....if u wan open salon look for middle class area like festact with many young people .....

emmanuelewumi:



Let me tell you real estate and portfolio Investments are the best for corporate guys.


Where will an assistant manager in a bank have time to run a bar. He either resigns, learn the business and face the business full time. If you can't do that, it is better buying properties at good prices or doing portfolio Investments

65% of KPMP partners are into this and a few few bank ED.

What business would you giving the current economic circumstances?

niyoni:


Well, different strokes for different folks.

Do know, however, that it's even easier to grow N4b to N40b with the right investment knowledge and risk appetite.

God forbid it that He will entrust N4b in my care and I would give to the 'federal' gofament of naijayria in return for a miserly 4% per annum.

Olorun maje!

emmanuelewumi:



At 4% Treasury Bill is now for savings and not for investment

My curiosity is why would one neglect mutual fund to invest in today's treasury bills at this ridiculous rate? Some naira denominated mutual funds as at today are on or above 7.5%

Leezah:
65% of KPMP partners are into this and a few few bank ED.

How do you know?

That is the best investment for corporate guys

One of the trusted workers of Dangote, got a dividend of N110 million from Dangote cement last week.

No time wasting time running a side business but side investment

ahiboilandgas:
oga u be old school....Nigeria population under 40 is around 80 percent ....those young boys doning beard gang na ever 3 days ,with those cock head style cant be done at home ....if u wan open salon look for middle class area like festact with many young people .....

Some of these young boys dey even go barber shop to trim bead and mustache. Some middle age guys with grey hair dey go barber shop to dye the hair.

Y