ahiboilandgas:
why? He doesn't look sad sha always balling in Nigeria

If that is the case
That's fine

NL1960:


Iam not missing the point. Being rich is relative. Some people are content with just having 100m in fixed income while some are not.

this are not church sermons , here is an international ,national and subnational benchmark to gauge richness.....this an investment thread to get rich ,and more and more and more money.....contented people are on religious thread seeking salvation and contentment...

9jatriot:
You asked for it when you entered the realm of politics in this hallowed chamber of investment.
You obviously have never heard any position of leadership, where you have to balance expectations with realities. Many things are wrong with this country, one of which is the people, on an investment thread like this, there are many people who voted for A or B, yet you sit down are called yourself a "fool" because they do not align with your political affiliation?

I recognise your handle
And I'm not surprised by the comments you are making
To be very honest

I'm glad what I said struck a nerve
Even if you lie it did not
Your comment up here shows it, in black and white


I'll say this for the third time
Those who voted this incompetent leader twice, despite his failed antecedents and various other baggage the re.tard possesses, that person made a FOOLISH DECISION

because that decision put us in this quagmire we are in today

You have the right to vote what ever
That one is not in doubt

But when you vote a man like this
And you look yourself in the mirror Five years and three months into his presidency and still convince yourself that you did not make a wrong choice

Na wa

And if it makes you feel better

I have not "heard" any position of authority before
Because who in his right mind would like to "heard" position in the first place

Tripleaj:
Government can default; how please.

.

ahiboilandgas:
u are missing the points....most rich people are from successful enterprise not fixed income and compounding.....they might be investing in fixed assets too

You compound in business, by ploughing back your earnings for the growth and expansion of the business especially is the return on equity is quite higher than inflation and what is optainable from fixed income

We have businesses that are currently stagnant, with a negative compounded annual growth rate. Returns of 15% on fixed income will be such businesses.

Transcorp hotel, Arik, Nahco, Sahcol, Guinness, International Brewery, Nigeria Brewery, University Press, Learn Africa, UACN, CAPL, these are examples of businesses that experienced negative growth last year, some this year and this might continue for the next two years.

Investors will be better shifting their investments from such businesses and consider where they can better returns

You struck a nerve quite all right, just that I was not expecting a foolish person on this thread.

Go to the politics sections, that is where the political battle ground is, don't come and hide inside investment section and be making assiduous political statements.

It is even a foolish decision for you to call others a fool for just performing their constitutional rights, if you had insulted the president perhaps you would have been within your rights to do that, but to insult investors or aspiring investors because they are not aligned with you.

DexterousOne:



I recognise your handle
And I'm not surprised by the comments you are making
To be very honest

I'm glad what I said struck a nerve
Even if you lie it did not
Your comment up here shows it, in black and white


I'll say this for the third time
Those who voted this incompetent leader twice, despite his failed antecedents and various other baggage the re.tard possesses, that person made a FOOLISH DECISION

because that decision put us in this quagmire we are in today

You have the right to vote what ever
That one is not in doubt

But when you vote a man like this
And you look yourself in the mirror Five years and three months into his presidency and still convince yourself that you did not make a wrong choice

Na wa

emmanuelewumi:



You compound in business, by ploughing back your earnings for the growth and expansion of the business especially is the return on equity is quite higher than inflation and what is optainable from fixed income

We have businesses that are currently stagnant, with a negative compounded annual growth rate. Returns of 15% on fixed income will be such businesses.

Transcorp hotel, Arik, Nahco, Sahcol, Guinness, International Brewery, Nigeria Brewery, University Press, Learn Africa, UACN, CAPL, these are examples of businesses that experienced negative growth last year, some this year and this might continue for the next two years.

Investors will be better shifting their investments from such businesses and consider where they can better returns

Yea
I see what you are saying
I just wished the government can wake up and rejuvenate the economy using sensible policies

We cannot continue like this....

I would advise everyone to always hold a percentage of his net worth as forex to at least hedge to an extent against the inflationary and forex risks

People saying earn in naira and spend in naira
I get what you are trying to say
But there is no patriotism when it comes to money and your investments
Dangote went down that route
And we saw with our eyes how his networth was been wiped off seriously losing over half of it
If he decided to make that New York move that he is making now (which btw is already too late)
The fate that befell him
Wouldn't have been the case

9jatriot:
You struck a nerve quite all right, just that I was not expecting a foolish person on this thread.

Go to the politics sections, that is where the political battle ground is, don't come and hide inside investment section and be making assiduous political statements.

It is even a foolish decision for you to call others a fool for just performing their constitutional rights, if you had insulted the president perhaps you would have been within your rights to do that, but to insult investors or aspiring investors because they are not aligned with you.

Okay
I have heard you

If you dont see the link between the government policy and investment decisions we are making here
Then you are not supposed to be here

Becaise whether we like it or not, government policy has EVERYTHING to do with the investment decisions we make, and the fate of the investments we also make

Wrong policies after policies is what got us into this quagmire in the first place
You can call me names if you like, that's fine
But what I said is the truth
And many of us here (both the ones who will admit openly to it here, and others who will rather keep it to themselves) know that It is true

DexterousOne:



I recognise your handle
And I'm not surprised by the comments you are making
To be very honest

I'm glad what I said struck a nerve
Even if you lie it did not
Your comment up here shows it, in black and white


I'll say this for the third time
Those who voted this incompetent leader twice, despite his failed antecedents and various other baggage the re.tard possesses, that person made a FOOLISH DECISION

because that decision put us in this quagmire we are in today

You have the right to vote what ever
That one is not in doubt

But when you vote a man like this
And you look yourself in the mirror Five years and three months into his presidency and still convince yourself that you did not make a wrong choice

Na wa

And if it makes you feel better

I have not "heard" any position of authority before
Because who in his right mind would like to "heard" position in the first place

Keep political talks for the politics section. If everyone starts making noise here, it would end in chaos.

In the alternative, you can create a thread about how political decisions and indecisions have affected investments. That way, you can post freely and those with similar or contrary ideas can engage you freely and robustly.

ahiboilandgas:
Investment misnormals for Nigerians based aboard....my Lagos landlord is uk based and rented a property to me 14 years ago at 500k =4166 dollars (at 120)......14 years later am still renting same property at now 800k (at 470 or 400 )= 1684 dollars or 2000 dollars ......he so bitter and had several property in Lagos ....investments in Nigeria keeps giving negative returns in the long term ....if he attempts to move the rents to reflect this changes then rent should be aroind 1.6m....but property will remain empty..........

This is also like an advice to those of us in cities and build mansions in the village......... u cannot expect to use the proceeds of village rent to live large in lagos

maishai:


This is also like an advice to those of us in cities and build mansions in the village......... u cannot expect to use the proceeds of village rent to live large in lagos

i atteded a funeral in a village the village house serve other purposes not an investments...for for legacy,burial ,culture,show and other non money making induced activities

ahiboilandgas:
this are not church sermons , here is an international ,national and subnational benchmark to gauge richness.....this an investment thread to get rich ,and more and more and more money.....contented people are on religious thread seeking salvation and contentment...

That is why you are not seeing the over 2m users of this forum on this thread. They pick what they want and move on. Investments have levels. It is such levels that made some companies to have an opening amount for a stock broking account of N5m while some have as low as 10k. With that every level is catered for. Who wants to be on Forbes list can continue making money to no end while there are others that want to be on other lists. Is Forbes the only list in the world?.

MrMcJay:


Keep political talks for the politics section. If everyone starts making noise here, it would end in chaos.

In the alternative, you can create a thread about how political decisions and indecisions have affected investments. That way, you can post freely and those with similar or contrary ideas can engage you freely and robustly.

Well....
Overtime
The course of this thread have been swinging across different topics in different spheres

It was my response to someone who brought up the Buhari govt issue that led to all these in the first place (cos I really try not to talk in that direction)
But his comment sparked my reaction
That's just what happened

And no, no one is making noise here
We are all airing our views
Not making noise
Get that!

ahiboilandgas:
this are not church sermons , here is an international ,national and subnational benchmark to gauge richness.....this an investment thread to get rich ,and more and more and more money.....contented people are on religious thread seeking salvation and contentment...

I want to ask you a question

And I hope you dont get offended by it...

Do you really see yourself making it, into the Forbes 500?


It's a lofty aim to aspire to, but it's a tall order
Especially as an African

So what are your thoughts sir?

NL1960:


That is why you are not seeing the over 2m users of this forum on this thread. They pick what they want and move on. Investments have levels. It is such levels that made some companies to have an opening amount for a stock broking account of N5m while some have as low as 10k. With that every level is catered for. Who wants to be on Forbes list can continue making money to no end while there are others that want to be on other lists. Is Forbes the only list in the world?.

j want to be on the forbe list and make endless income for myself and clan .....hope u are now ok




...am one of them ......

If you don't realize that life is about making decisions and you have no right to call anyone a fool for it, then this is not the thread for you and your other partner.

DexterousOne:


Okay
I have heard you

If you dont see the link between the government policy and investment decisions we are making here
Then you are not supposed to be here

Becaise whether we like it or not, government policy has EVERYTHING to do with the investment decisions we make, and the fate of the investments we also make

Wrong policies after policies is what got us into this quagmire in the first place
You can call me names if you like, that's fine
But what I said is the truth
And many of us here (both the ones who will admit openly to it here, and others who will rather keep it to themselves) know that It is true

DexterousOne:



I want to ask you a question

And I hope you dont get offended by it...

Do you really see yourself making it, into the Forbes 500?


It's a lofty aim to aspire to, but it's a tall order
Especially as an African

So what are your thoughts sir?

no i dont see it happing even forbe number 1m person , as an african am already at a huge disadvantages and money on forbe are not ordinary.....i watch a documentary on j/d whisky yesterday and billions of volumes are consume yearly ....i wanted to found a data company that will be selling real time information to firm/and individuals to make investment decision, i also founding and app similar to opay to book tricycles ....am still trying my hands on such disruptive apps and business .....right now i paid for a trucking solution that will disruptive to down stream logistic...i pray it work sha ....i might sell for xxxxx million dollars ....

ahiboilandgas:
j want to be on the forbe list and make endless income for myself and clan .....hope u are now ok

...am one of them ......

Me iam not aspiring to be on the forbes list. There are other billionaire lists.

ahiboilandgas:
no i dont see it happing even forbe number 1m person , as an african am already at a huge disadvantages and money on forbe are not ordinary.....i watch a documentary on j/d whisky yesterday and billions of volumes are consume yearly ....i wanted to found a data company that will be selling real time information to firm/and individuals to make investment decision, i also founding and app similar to opay to book tricycles ....am still trying my hands on such disruptive apps and business .....right now i paid for a trucking solution that will disruptive to down stream logistic...i pray it work sha ....i might sell for xxxxx million dollars ....

.very good

I like a man with ambition
I wish you all the best
I often look forward to you and @Emma comments
Cos its always a breath of fresh air

Keep it up

emmanuelewumi:



I said invested in a conservative mutual fund that gave a below average returns of 8%.

Okay.

NL1960:


Me iam not aspiring to be on the forbes list. There are other billionaire lists.

That's also fine

Everyone has their goals in life
And we are all working assiduously towards it.
But the common goal here for everyone of us
Is for our unearned income to get to a level where it can cover most if not all our expenses.

That should be the base for every one here
Like the "worst comes to worst " level

DexterousOne:


Well....
Overtime
The course of this thread have been swinging across different topics in different spheres

It was my response to someone who brought up the Buhari govt issue that led to all these in the first place (cos I really try not to talk in that direction)
But his comment sparked my reaction
That's just what happened

And no, no one is making noise here
We are all airing our views
Not making noise
Get that!

Political, religious and ethnic discussions are quite controversial. We should focus on what unites us which is investment

DexterousOne:



I want to ask you a question

And I hope you dont get offended by it...

Do you really see yourself making it, into the Forbes 500?


It's a lofty aim to aspire to, but it's a tall order
Especially as an African

So what are your thoughts sir?

It is a tall order everywhere. We have just 2900 billionaire in the world.

I have a saying " different strokes for different folks".

It is so because we are all wonderfully and differently made.

Billionaires come and go, but the most consistent billionaire is Warren Buffet. Being a billionaire for 30 years and still a billionaire.


While some have dropped to millionaires

ahiboilandgas:
really most people of forbe list of wealthy didnt build up wealth by compound interest i think?

If you keep putting all your interest and capital back into your business, I believe you are still compounding.

emmanuelewumi:
Billionaire come and go, but the most consistent billionaire is Warren Buffet. Being for 30 years and still a billionaire

Bill Gates has been pretty consistent too

emmanuelewumi:



Political, religiosity and ethnic discussions are quite controversial. We should focus on what unites us which is investment

Kind of comment/approach that earns you the kind of regards you have.
Not correcting an error by making similar error yourself.
A display of maturity.
Peace.

This is really a nice twist.

maishai:


This is also like an advice to those of us in cities and build mansions in the village......... u cannot expect to use the proceeds of village rent to live large in lagos

DexterousOne:


Bill Gates has been pretty consistent too

He is consistent, but not for 30 years.

NL1960:


Me iam not aspiring to be on the forbes list. There are other billionaire lists.

aside the saudi royals and other baron and baroness....most invrstor/ people dont aspire to be on the list it just happens along the line the list came to them ....trying a solve a programming issue lead to Microsoft boom bill on the list, trying to survive as a human dangote collected loan to start buying and selling cement boom along the line enter manufacturing of cement ,fertiliser and now petrol....ahib oil and gas is tyring to live boom he transporting,retailing aviation fuels ,pms ,ago cements ,along the line enter fixed income ,share,property then futher move to invention....who know what next for me only God......

OgogoroFreak:
If you keep putting all your interest and capital back into your business, I believe you are still compounding.

Exactly

Exactly, for a lot of people, it just happens. I suspect some people influence it also for PR reasons.
If na naija, I for say some people even de pay for am sef.

ahiboilandgas:
aside the saudi royals and other baron and baroness.... most invrstor/ people dont aspire to be on the list it just happens along the line the list came to them ....trying a solve a programming issue lead to Microsoft boom bill on the list, trying to survive as a human dangote collected loan to start buying and selling cement boom along the line enter manufacturing of cement ,fertiliser and now petrol....ahib oil and gas is tyring to live boom he transporting,retailing aviation fuels ,pms ,ago cements ,along the line enter fixed income ,share,property then futher move to invention....who know what next for me only God......