I will have a hard time convincing you? Who do you think you are? . On a faceless public forum? Oga, I don’t care about what you think o. Believe what you want sir. Call me BBN lazy yoot join sef. Na you sabi

ojesymsym:
You will have a hard time convincing us otherwise.

This screenshoot between lzyyoot and MrTrans was responded to in the first person by Mrs Ezinne. Truth is, we all have a right to different monikers on nairaland, even the best of us will slip up at some point. But don't be ahib's friend when you wear ezine costume and his enemy when you wear lzyoot costume, we like to know our friends and our enemies, frienemies are too complex to deal with.

Lazyyouth4u:
Sir, I perfectly understand your points below but if you look at the fund documents of any investment fund, it is clearly stated that you can lose all your investments in that fund. Anyone reading your post may think that the trustee guarantees your funds which is actually not the case.A trustee does its best to protect the interests of the investors but it does not guarantee the investments in a fund. If a fund performs badly, an investor can lose all of its funds regardless of SEC regulations or the presence of a trustee

No money market fund or fixed income fund will have that.


The only fund where you can lose part of your fund is equity fund, you can make 80% you can also lose 90%, but on the long run you will be okay..

Equity funds also have recommended or approved stocks in which the fund managers can invest.

ojesymsym:
What are those signs to look at for?

Monitor the financial reports of the banks in which you have substantial deposits or you have shares in.

The firm marketing 10% to 15% monthly returns never told the speculators that they could lose 100% of their funds.


Any fund where Investors could lose 100% of their funds, no matter how speculative won't be approved by SEC. Such Investments are not for the public, but for selected few called accredited Investors and amount invested will be negligible to the Networth of such Investors

ojesymsym:
You are right sir, since the bank consolidation by Soludo, no bank has gone under with public funds. The worse that happens is take over.

One of the reasons I take so called experts with theoritical solution's opinion with a pinch of salt is that there was a compelling argument against it then by many financial experts, yet it turned out to be a good thing.

Instead of customers losing their deposits, it is shareholders that will lose their Investments

Sir, in reality, no investment in any fund is ever guaranteed. No matter what. Only the NDIC insured funds in Money deposit banks (maximum of 500k per deposit) and micro finance banks (200k per deposit) are guaranteed. Investors have to understand that they can lose all their money in any investment fund if things go wrong and get zero from the fund manager and trustees.

emmanuelewumi:




No money market fund or fixed income fund will have that.


The only fund where you can lose part of your fund is equity fund, you can make 80% you can also lose 90%, but on the long run you will be okay..

Equity funds also have recommended or approved stocks in which the fund managers can invest.

Lazyyouth4u:
Sir, on paper that is the case. In reality, no investment in any fund is guaranteed. Only the NDIC insured funds in Money deposit banks and micro finance banks are guaranteed. Investors have to understand that they can lose all their money in any investment fund if things go wrong and get zero from the fund manager and trustees.

That is not true Sir. It's what you are thinking not what is the reality. All funds have risk in relation to their underlying assets. If you say investors will lose their fund in mmf for instance you could have well say investors will lose their funds in TBills.

As pa Emma said outside equity funds or balance funds investors have their capital guaranteed by law. It's not on paper it's reality. Of recent we had the union trustees mixed fund which is now capital express balance fund. There was some issues with the fund managers or so. As we speak another fund managers has taken it up to manager after regulator's (SEC) approval. They even paid divided of recent which covers the period the fund managers had issues as the new fund managers came in; this is made possible because while there was problem with fund managers, if the fund was already invested in say FGN Bonds the investment is still going on and dividend is paid to the account that is oversees by the trustees.

Hence mutual funds especially the mmf and fixed income categories are always recommended for risk averse investors

Lazyyouth4u:
Sir, on paper that is the case. In reality, no investment in any fund is guaranteed. Only the NDIC insured funds in Money deposit banks and micro finance banks are guaranteed. Investors have to understand that they can lose all their money in any investment fund if things go wrong and get zero from the fund manager and trustees.

You cannot lose all your money in a SEC regulated fund, you can tell me of any you know in Nigeria

I have given you the types of funds

Money market fund

Fixed income fund

Eurobond fund

Equity funds

Balanced funds

Real Estate Investment Trust funds.


The various funds have their features. The funds have fund managers, Trustees, Registrars and the overall regulator SEC.

The fund manager manages the fund and invests in the recommended Investments for the fund, finances of the fund are with the Trustees. The trustees ensures that the fund and fund manager operates within the regulated investments, ensure compliance, corporate governance, fairness and ethics.

The trustees also send monthly and quarterly reports to the regulator, that is SEC. The Registrars keep records of the Investors of the fund.

The riskiest is equity fund, but also gives the highest returns. But it is not possible for investors to lose all their funds.


If you know any SEC regulated Investment, where Investors lost all their funds you can share the name of such funds

Sir, all you are saying is very correct at the moment but any investor should know that money in any fund is not guaranteed. That is my point. Only God knows tomorrow. You ask me to tell you an SEC regulated investment fund that has lost money in the past? Boss, any good investor should know that past performance is in no way related to future performance. I repeat, there are good investment funds around but anything goes wrong tomorrow, an investor can lose everything. No guarantees at all.

emmanuelewumi:



You cannot lose all your money in a SEC regulated fund, you can tell me of any you know in Nigeria

I have given you the types of funds

Money market fund

Fixed income fund

Equity funds

Balanced funds

Real Estate Investment Trust funds.


The various funds have their features. The funds have fund managers, Trustees, Registrars and the overall regulator SEC.

The fund manager manages the fund and invests in the recommended Investments for the fund, finances of the fund are with the Trustees. The trustees ensures that the fund and fund manager operates within the regulated investments, ensure compliance, corporate governance, fairness and ethics.

The trustees also send monthly and quarterly reports to the regulator, that is SEC. The Registrars keep records of the Investors of the fund.

The riskiest is equity fund, but also gives the highest returns. But it is not possible for investors to lose all their funds.


If you know any SEC regulated Investment, where Investors lost all their funds you can share the name of such funds

Not same moniker

ositadima1:


Are you same as Lazyyouth4u ? With all those nice curves on you I think u are more than capable to run ur finances.

I agree.

I wonder which is more pain, shareholder or depositor. But for shareholders, don't they move them to the new investor?

emmanuelewumi:



Instead of customers losing their deposits, it is shareholders that will lose their Investments

ojesymsym:
I agree.

I wonder which is more pain, shareholder or depositor. But for shareholders, don't they move them to the new investor?

Better to protect depositors. Investors should do their due diligence before investing

ojesymsym:
I agree.

I wonder which is more pain, shareholder or depositor. But for shareholders, don't they move them to the new investor?

That is one of the risks of the holders of ordinary shares of quoted companies you lose if the company goes under.

Lazyyouth4u:
Sir, all you are saying is very correct at the moment but any investor should know that money in any fund is not guaranteed. That is my point. Only God knows tomorrow. You ask me to tell you an SEC regulated investment fund that has lost money in the past? Boss, any good investor should know that past performance is in no way related to future performance. I repeat, there are good investment funds around but anything goes wrong tomorrow, an investor can lose everything. No guarantees at all.

You are not making any sense, if you know any that has gone under,name them, if you don't know, stop making assertions.

Educate people based on what you've learned extracting from your past experiences not what you think of futures base on your emotional state.

This is almost impossible for someone controlling huge amount of cash.

ojesymsym:
In the alternative, have a maximum for each bank account by having many other accounts to reduce exposure and have risk spread.

Sir, I’m not here to make sense to any one o. I’m just a lazy youth trying to point out simple investment wisdom to those that think their money (and promised returns) in investment funds is guaranteed. Past performance is no guarantee of future results ooo. Your money (and promised returns) in any fund is not guaranteed. Historical returns have nada to do with future results. You want guarantee that your money will never disappear, spread 500k around all the banks and then hope for the best for the rest . You want to make good returns, be willing to take the risk that you can lose your money and put in any investment fund. Me educate? How can a lazy youth educate Baba agbas like you that know it all? Na wa for you o

Akin3891:


You are not making any sense, if you know any that has gone under,name them, if you don't know, stop making assertions.

Educate people based on what you've learned extracting from your past experiences not what you think of futures base on your emotional state.

Why do you say so, I can argue that it is actually more impossible for someone controlling very little cash as it becomes impractical to have them spread across many accounts.

XiaoLi:
This is almost impossible for someone controlling huge amount of cash.

Tell me how you will spread for an example 1B in Nigerian banks to reduce the risk.

ojesymsym:
Why do you say so, I can argue that it is actually more impossible for someone controlling very little cash as it becomes impractical to have them spread across many accounts.

200M x 3, 100M x 4.
or 200M in USD, 200M x 2, 100M x 4.

XiaoLi:
Tell me how you will spread for an example 1B in Nigerian banks to reduce the risk.

Lazyyouth4u:
Sir, all you are saying is very correct at the moment but any investor should know that money in any fund is not guaranteed. That is my point. Only God knows tomorrow. You ask me to tell you an SEC regulated investment fund that has lost money in the past? Boss, any good investor should know that past performance is in no way related to future performance. I repeat, there are good investment funds around but anything goes wrong tomorrow, an investor can lose everything. No guarantees at all.

I think you are looking at it from the aspect of "invest what you can afford to lose", " nothing is certain in life but death and taxes" "no one knows tomorrow" etcetera. And that's true. But there are low risk and high risk sec regulated investment so it depends on the type of investment you are talking about. I know some people who lost 50% of their capital in equity funds. That's a high risk sec regulated investment. For investment like treasury bill or mmf it is only If all of Nigeria disintegrates due to war or nuclear bomb or something. But that is the worstest of the worst case scenario. Generally, SEC regulated funds are secure because the fund managers, trustees, registrars etc. cannot just up and disappear. There are layers and layers of oversight involved.

XiaoLi:
Tell me how you will spread for an example 1B in Nigerian banks to reduce the risk.

Impossible sir. With 22 banks in Naija, only 11 million is guaranteed to be paid from NDIC insurance if something terrible happens and crashes the Nigerian banking system. This is highly unlikely though but something to be aware of. Even international bank depositors in the safest countries are always told to have this at the back of their minds. Jay jay Okocha learnt this the hard way . Risk averse billionaires mitigate this risk by keeping their money in foreign banks, even with the 0.5% interest they earn.

Modified: the collapse of the entire Nigerian banking system is highly unlikely. The amount insured by NDIC is just something to be aware of.

Lazyyouth4u:
Sir, I’m not here to make sense to any one o. I’m just a lazy youth trying to point out simple investment wisdom to those that think their money (and promised returns) in investment funds is guaranteed. Past performance is no guarantee of future results ooo. Your money (and promised returns) in any fund is not guaranteed. Historical returns have nada to do with future results. You want guarantee that your money will never disappear, spread 500k around all the banks and then hope for the best for the rest . You want to make good returns, be willing to take the risk that you can lose your money and put in any investment fund. Me educate? How can a lazy youth educate Baba agbas like you that know it all? Na wa for you o

You can keep that N500K in only bank in Nigeria and nothing will happen to it. If you want to be really safe, you can choose one out of the top 5 banks in Nigeria. Though there's also nothing wrong if you want to spread it. It is rare for a bank to collapse now with all the regulations and oversight that have been put in place by CBN. See how Diamond was bought by Access and Skye was transformed to Polaris.

Sir, my emphasis has been on the key word ‘guarantee’ of investments but your points are spot on.

Phraences:


I think you are looking at it from the aspect of "invest what you can afford to lose", " nothing is certain in life but death and taxes" "no one knows tomorrow" etcetera. And that's true. But there are low risk and high risk sec regulated investment so it depends on the type of investment you are talking about. I know some people who lost 50% of their capital in equity funds. That's a high risk sec regulated investment. For investment like treasury bill or mmf it is only If all of Nigeria disintegrates due to war or nuclear bomb or something. But that is the worstest of the worst case scenario. Generally, SEC regulated funds are secure because the fund managers, trustees, registrars etc. cannot just up and disappear. There are layers and layers of oversight involved.

At the bolded, this amounts to keeping the funds in 7 banks, assuming the 7 banks close you will get 3.5M from SEC, It doesn't worth the stress and i don't count it as reducing the risk for someone getting 3.5M from 1B.

ojesymsym:
200M x 3, 100M x 4.
or 200M in USD, 200M x 2, 100M x 4.

emmanuelewumi:



You cannot lose all your money in a SEC regulated fund, you can tell me of any you know in Nigeria

I have given you the types of funds

Money market fund

Fixed income fund

Eurobond fund

Equity funds

Balanced funds

Real Estate Investment Trust funds.


The various funds have their features. The funds have fund managers, Trustees, Registrars and the overall regulator SEC.

The fund manager manages the fund and invests in the recommended Investments for the fund, finances of the fund are with the Trustees. The trustees ensures that the fund and fund manager operates within the regulated investments, ensure compliance, corporate governance, fairness and ethics.

The trustees also send monthly and quarterly reports to the regulator, that is SEC. The Registrars keep records of the Investors of the fund.

The riskiest is equity fund, but also gives the highest returns. But it is not possible for investors to lose all their funds.


If you know any SEC regulated Investment, where Investors lost all their funds you can share the name of such funds

There are certain people we shouldn’t waste valuable typing time on. Forget that guy.

He/she was the same one I was telling about the basics of currency trading/investment, and was telling me if I was God who knows when a currency has peaked or is low enough. I knew from that point that he/she is probably one of those who invest based on Inshallah or Jesus is Lord. No logic whatsoever. Now, he/she is making another case for “no one knows tomorrow” BS for SEC regulated investments. I’m not surprised.

Not exactly so sir.
It will take the worse of events for all 7 banks (in this case) to go down at the same time. The reason I suggested this is to reduce exposure, not to eliminate it. Apart from banks going under, these days when you have hackers looking for accounts, you still have to reduce your exposure so that they dont wipe you out if you have just one account. If the bank that has your 200M goes under, you may still have your 800M across other banks, Anyway, I am only speculating.

As oga Ema has suggested, follow the news of your bank to know their state at each time to avoid stories that touch. But I imagine a bank going through tough times will find it very hard to release your 1B to you, even the 200M go hard them sef.

XiaoLi:
At the bolded, this amounts to keeping the funds in 7 banks, assuming the 7 banks close you will get 3.5M from SEC, It doesn't worth the stress.

I didn't look at it this way.

ojesymsym:
Not exactly so sir.
It will take the worse of events for all 7 banks (in this case) to go down at the same time. The reason I suggested this is to reduce exposure, not to eliminate it. Apart from banks going under, these days when you have hackers looking for accounts, you still have to reduce your exposure so that they dont wipe you out if you have just one account. If the bank that has your 200M goes under, you may still have your 800M across other banks, Anyway, I am only speculating.

As oga Ema has suggested, follow the news of your bank to know their state at each time to avoid stories that touch. But I imagine a bank going through tough times will find it very hard to release your 1B to you, even the 200M go hard them sef.

Being learning a lot here, I personally decides to risk 5m last week on the ponzi. 2m for 50% quarterly, 2m for 15% monthly and 1m for 20%. 3 different forex trading firms in Uyo. I advise against it but I needed to take a risk, have been extra careful in my investment years and I think giving out that chunk is cool. Was even thinking of taking it to 30m but I will wait and see how my 5m crashes. (all 3 firms at once).

RayRay06677:
Being learning a lot here, I personally decides to risk 5m last week on the ponzi. 2m for 50% quarterly, 2m for 15% monthly and 1m for 20%. 3 different forex trading firms in Uyo. I advise against it but I needed to take a risk, have been extra careful in my investment years and I think giving out that chunk is cool. Was even thinking of taking it to 30m but I will wait and see how my 5m crashes. (all 3 firms at once).

Lol. How many times are you going to tell us this?

At this point, I think this is your strategy to get naive people to ask you about the ponzi so you can proceed to introduce them to a fraudulent scheme you are part of.

Lazyyouth4u post=93844272[s:
]Sir, I’m not here to make sense to any one o. I’m just a lazy youth trying to point out simple investment wisdom to those that think their money (and promised returns) in investment funds is guaranteed. Past performance is no guarantee of future results ooo. Your money (and promised returns) in any fund is not guaranteed. Historical returns have nada to do with future results. You want guarantee that your money will never disappear, spread 500k around all the banks and then hope for the best for the rest . You want to make good returns, be willing to take the risk that you can lose your money and put in any investment fund. Me educate? How can a lazy youth educate Baba agbas like you that know it all? Na wa for you o[/s]

You're making too much noise

Hello, please I need good info on CROWD 1. Real or Scam?

I will rather use that money for charity instead of ponzi.

RayRay06677:
Being learning a lot here, I personally decides to risk 5m last week on the ponzi. 2m for 50% quarterly, 2m for 15% monthly and 1m for 20%. 3 different forex trading firms in Uyo. I advise against it but I needed to take a risk, have been extra careful in my investment years and I think giving out that chunk is cool. Was even thinking of taking it to 30m but I will wait and see how my 5m crashes. (all 3 firms at once).