Comeandcollect:
Maybe time to start investing in the real sector, Agriculture is good. You don't have to do it yourself, you can employ and train people. If you have Palm trees in your village, maybe it is time to go and find people that will convert the fruits to oil, if you have empty lands in your village maybe it is time to go plant some cash crops there.

These things could yield consistent profits with little investment. Some of us are limited by human resources but if you are not lucky u.

This is excellent advise if the guy is looking for how to throw away all of his hard earned savings. Staking your children’s inheritance and future school fees in agri sector that you have no experience in is the quickest way to die of HBP and stroke

Boss, why not invest that your 50m in palm tree business in your village? Just curious.

BEEFIE:


why don't you try and export something. that's a gold mine most people shy away from

Very unfair to advise someone to use his life savings for export business that he has no experience in. Na these kain things dey cause premium tears and suicide. Export business may be a gold mine for those that know it in and out but not for the average Joe that just wants to make a decent return on his savings. He will lose all his money very quickly and start blaming village people

BenzOrTrek:
I used piggyvest to accumulate 5m so far [piggy vet goals]. I'm thinking of using the safelock to lock 5m for 1 year, the interest is decent and paid upfront.

My only fear is what if they run out of business? lol

Good fear, but it is unlikely, they are just like your regular mutual fund, and they are in partnership with AIICO Capitals, they are not the only investment App following the same procedure, we have a lot like C0wryrise, Cashb0x, Wealthng to mention a few

Lazyyouth4u:

Nope. OPEC agreement actually regulates production/output. Not exports.

This is what I think it is! It's the production not just the exports.

Regulating only the exports would have been better for us.

But Barkindo should be able to push for things in our favor now.

Otherwise, the only real advantage of the Refinery will come down to eliminating shipping costs to a fro on the circa 450k bpd that we consume, and reducing incidences of looking for buyers for our cargoes.

This is why I said we need to discount some uncertainties around the overall impact of the Refinery on our FX position.

Nothing really to argue about here, we can simply allocate the portion meant for our 4 refineries to him, that one non be issue.

Sir, you gave us a good analysis sometime ago about the direction the dollar was going, the present reality seems not to have followed the model you came with?

awesomeJ:


This is what I think it is! It's the production not just the exports.

Regulating only the exports would have been better for us.

But Barkindo should be able to push for things in our favor now.

Otherwise, the only real advantage of the Refinery will come down to eliminating shipping costs to a fro on the circa 450k bpd that we consume, and reducing incidences of looking for buyers for our cargoes.

This is why I said we need to discount some uncertainties around the overall impact of the Refinery on our FX position.

ojesymsym:
Nothing really to argue about here, we can simply allocate the portion meant for our 4 refineries to him, that one non be issue.

Sir, you gave us a good analysis sometime ago about the direction the dollar was going, the present reality seems not to have followed the model you came with?

Lol. Patriotism is very different from reality

One of my biggest mistakes this year is leaving money in mutual funds. Couldn’t get up to 100k since January, whereas I would have more than doubled that if I dropped the money in btc or converted the money to $$ then Mutual funds is just nonsense

I have been putting money monthly (stanbic IBTC) there and it seems to really be nonsense in recent months

chigo4u:
One of my biggest mistakes this year is leaving money in mutual funds. Couldn’t get up to 100k since January, whereas I would have more than doubled that if I dropped the money in btc or converted the money to $$ then Mutual funds is just nonsense

Probably, it could also be some variables changed or some assumptions turned out to be wrong.
It would be really nice to have a review of that policy discussion again. I think the major contributors were awesomej, transatlantic and a few other guys. Another review of positions (not a "I told you so session" could help us all learn and understand what happened and what did not happen.

chigo4u:

Lol. Patriotism is very different from reality

ojesymsym:
Probably, it could also be some variables changed or some assumptions turned out to be wrong.
It would be really nice to have a review of that policy discussion again. I think the major contributors were awesomej, transatlantic and a few other guys. Another review of positions (not a "I told you so session" could help us all learn and understand what happened and what did not happen.

There is nothing new here. the awesomej guy always talks from the patriotic point of view not according to reality, if you go back to the thread it was discussed you will see where I and a few others told him his views were far from reality. This discussion is as old as last year too. I really pray the dollar don’t hit 500 or go up from there because as it stands right now the CBN have lost it

If my memory is right, you were a major contributor on that discussion. Right?

chigo4u:

ojesymsym:


Sir, you gave us a good analysis sometime ago about the direction the dollar was going, the present reality seems not to have followed the model you came with?

I think emmasoft or someone else said to buy dollars at 440 and sell at 460.

I said it was a bad idea as it would lead to losses.

I was wrong!!! VERY WRONG!!!

Also, I said dollar will be available at sub 400 before long.
I probably had before year end in mind.
Apparently, I was wrong too.

Also, I said dollar will be available at sub 400 before long.
I probably had before year end in mind.
Apparently, I was wrong too.

Also, I said dollar will be available at sub 400 before long.
I probably had before year end in mind.
Apparently, I was wrong too.

I overestimated the impact of the $10,000 weekly sales.

However, at what rate can I buy dollars to hold?

Sub 400.

Basically cos, I wouldn't want to pay too much premium from the rate CBN offers.

When do I see dollar reaching this level, I.e naira strengthening this much.

1. Oil prices climb back to c. $60;

2. CBN consistently grows reserves by c. $500m monthly.

3. Job conditions in US and Europe improve, to enable decent remmittances by resident Nigerians there.

4. International flight volume at least for arrivals reach 80-90% of the 2019 levels. Implying more remittances to street traders.

If things go well with vaccinations, maybe Q4 2021.

Hi

Please before you jump into the stock market or any HYIP,
Look at this picture below.

If you loose 50% of your capital every 12years while chasing high 20% yield
Your result will be as shown instead of the first projection I posted earlier.

Chase moderate but sure investment and you will still reap powerful future dividends and capital growth.


Have fun

RealityShot:
Hi

Please before you jump into the stock market or any HYIP,
Look at this picture below.

If you loose 50% of your capital while chasing high 20% yield
Your result will be as shown instead of the first projection I posted earlier.

Chase moderate but sure investment and you will still reap powerful future dividends and capital growth.


Have fun

Boss, how many people ever hold an investment for over 40 years? What investment consistently yields 20% annually and then loses 50% once in over a decade? The stock market (and genuine investments) don’t work that way.

TransAtlanticEx:

This fool must think smugglers are your typical roadside traders that sit and play draft all day and talk trash.
If you know the level of brain and connection you need to smuggle an already represented product in a market territory,you'd close that your stinking dumb mouth.
First you have to find a product you want to bring its "parallel".
Secondly you have to go to the country of origin of that product and make arrangements for its purchase without "tipping off" its representatives in the market you want to sell it in.
Thirdly you've got to look for a transit country where you'd use as base or entry for your operations.you've got to create connections there too so they won't tip off your markets that an unauthorised dealer has their products in large quantity about to bombard their markets with it.
Fourth you've got to make "unnoticable" transport arrangements so this product can enter that market unannounced.
Fifth you have to sell underground without tipping the owners of that brand off likewise the authorities.
You've got to be very financially savvy too so you can be able to move money worldwide without losing it,making exchange rate losses and also be able to predict rise and fall of currency so you know when to push money or when to wait.
So tell me,if at all I was a smuggler like your dumbass say,will you call a person that does this successfully dumb or uneducated lol?
Or you think having a low paying,cheap 9-5 job is what make you smart or have a good circle?
Lol the delusions of these NL clowns.Una never see life na.

Masterclass. Saved for reference purposes/

RealityShot:
Hi

Please before you jump into the stock market or any HYIP,
Look at this picture below.

If you loose 50% of your capital while chasing high 20% yield
Your result will be as shown instead of the first projection I posted earlier.

Chase moderate but sure investment and you will still reap powerful future dividends and capital growth.


Have fun

Was he adding to the investment every year?

Lazyyouth4u:

Boss, how many people ever hold an investment for over 40 years? What investment consistently yields 20% annually and then loses 50% once in over a decade? What exactly is this table trying to say to a would-be investor? That you can invest USD10k today and make USD24m in 43 years? Impossible even at an unrealistic 20% CAGR.

Sorry, the assumptions are very unrealistic and this table can in no way help an investor make a decision before going into the stock market or investing in a high yield product in real life.

Unless it is a long term Bond eg 30 years to 40 years at 16%.

Compounded annual growth rate is possible on the long run, if you buy on a consistent basis in a bear market

emmanuelewumi:



Unless it is a long term Bond eg 30 years to 40 years at 16%.

Compounded annual growth rate is possible on the long run, if you buy on a consistent basis in a bear market

No long term bond today will yield 20% annually for 43 years.

Lazyyouth4u:

No long term bond today will yield 20% annually for 43 years. Even with compounding, there is no way 10k can turn to USD24m in 40 years. It is impossible.

Yes.

FG issued at 16.5% about 3 years ago, but I didn't harness the opportunity because of the true yield of almost 20% from Treasury Bill..


Some who bought such bonds at a discount will get 20%

Lazyyouth4u:

No long term bond today will yield 20% annually for 43 years. Even with compounding, there is no way 10k can turn to USD24m in 40 years. It is impossible.

Mathematically, 10K will turn into 24m at 20% annual average returns for 43 years. The question is can you maintain a 20% returns for 43 years given that as your money grows the harder it gets?

Compound interest is so powerful that it is usually very difficult to believe.
The only problem is how to ensure that constant 20% interest rate.

ositadiima1:


Mathematically, 10K will turn into 24m at 20% annual average returns for 43 years. The question is can you maintain a 20% returns for 43 years given that as your money grows the harder it gets?

emmanuelewumi:


Yes.

FG issued at 16.5% about 3 years ago, but I didn't harness the opportunity because of the true yield of almost 20% from Treasury Bill..


Some who bought such bonds at a discount will get 20%

That was a 7 year bond sir. We are talking about 40 years here. If they were to issue one today, it would never be anywhere close to 10%.

Besides, interest from FGN bonds are not even compounded. They pay you a fixed rate every year. That guy’s table shows a USD10k investment that is growing at 20% annually.

ositadiima1:


Mathematically, 10K will turn into 24m at 20% annual average returns for 43 years. The question is can you maintain a 20% returns for 43 years given that as your money grows the harder it gets?

Exactly.

Lazyyouth4u:

That was a 7 year bond sir. We are talking about 40 years here. The highest FGN has issued is 20 years. If they were to issue one today, it would never be anywhere close to 10%.

Besides, interest from FGN bonds are not even compounded. They pay you a fixed rate every year. That guy’s table shows a USD10k investment that is growing at 20% annually.

FG. issued a 30 year bond at 16.5%, Ukay your attention is needed.


Sukuk was issued early this year at about 12% for 7 years

emmanuelewumi:



FG. issued a 30 year bond at 16.5%, Ukay your attention is needed.


Sukuk was issued early this year at about 12% for 7 years

Okay just checked it. I think FGN issued 30 year bonds in 2019 and 2020 at c.15% and c.14%. Not sure about these rates though.

In any case, these are fixed rate bonds. You will get a fixed rate interest annually. And can never make a CAGR close to 20% as the coupons are the same for the entire tenor and are not compounded. You will have to be reinvesting your coupons in the market every year to grow at 20% constantly for this to work. In reality, this is impossible.

emmanuelewumi:



FG. issued a 30 year bond at 16.5%, Ukay your attention is needed.


Sukuk was issued early this year at about 12% for 7 years

How do I take part in this?

OgogoroFreak:
How do I take part in this?

Not worth it, they are currently selling at a huge premium in the secondary market. I doubt if you will get a return of 5%, based on the current prices of such bonds.


The winners are those who bought in the primary market about 4 years ago. They can decide to sell at a premium of over 80%

How much did she buy the property?

What is the current price of the property?

She earned about N28 million as rental income between 2007 and 2020. Since she has dollar expenses why didn't she invest at least 25% of the income in Eurobonds or other dollar denominated Investments.