Aby Okoeguale Jnr
2.5K posts

Aby Okoeguale Jnr
@abycolion
| I am a Guru Investor & Administrator 🇳🇬 🇺🇸||Social Commentator|
Dallas, TX 가입일 Ekim 2022
495 팔로잉123 팔로워

You may think he's saying this for content sake but it's the truth, don't start a big construction project if you don't have the financial backup.
Most especially when you're still young and building your finances, what you need is a compact house that gives you shelter and peace of mind, while still leaving you with money to invest and improve your finances.

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@kunz8504 It makes any sense at all.. Who started it sef?? Very primitive
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@CHIZZY_BB Yes ,for their citizens and PRs,not for foreigners.
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@TeknologiaFacts MMMF doesn't grow money it for capital preservation. If you calculate the inflation over the years, you have actually lost money..its only equity that can grow money, NOT MMMF.. Inflation in Nigeria
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@ProfitableMan1 The biggest enemy is waiting for perfect timing. Started with ₦10k in a money market fund years ago, now it's grown into something serious
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You do not need millions to start investing in Nigeria.
You just need the right knowledge and ₦5,000.
Most Nigerians are waiting until they have "enough money" before they invest. That waiting is exactly what is keeping them poor.
Here is a beginner's guide to investing in Nigeria with little money 👇

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@ProfitableMan1 You actually need wealth to enjoy investing ,how much will 5K return to me?? 🤣 🤣 🤣 🤣 🤣. it's doesn't change anything..
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@Bond_not_james Stupidd Nigerian men using money to appreciate beauty that fades.. Low value men are miserable people...
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@Bond_not_james Money miss road men.. very stupidd people...
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@MudiTheInvestor @Guda09800218 I don't like real estate business in Nigeria, only abroad.
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@MudiTheInvestor Equities for me 60M
20M in Paramount Equity
20M in Zedcrest Equity
20M in Imaan fund.
MMMF: 40M all in MMMF @19% .
I won't do bonds and real estate. Both are for capital preservation. I need to grow my money first...
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@ProfitableMan1 If real estate is NOT capital intensive, why are they raising funds?? They should do it by themselves, bro.. No need to raise funds ,they should buy the property themselves, then sell shares to investors.. Why are they using investor's money to develop??
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@GGigne @Charleymed As an investor, you should follow the process of the regulators ,i shouldn't be the one mailing SEC when they are other listed fund managers i can use...I don't have that time.. As long as they are NOT listed, i can't use them...If they are listed ,I will use them..
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@abycolion @Charleymed @ProfitableMan1 Why dont you just send a mail to SEC to confirm if they are registered or not? That is the straightforward thing to do.
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The smartest thing I did this year was stop letting my money sit in a regular bank account.
I used to think saving in a bank was enough. Then I found out I could earn up to 25% per year on naira savings through the Naira Vault on Risevest.
The more you save, the higher your rate. Less than 500k earns 15%. Cross 1 million naira and you earn 22%. At 5 million and above, you earn a full 25% per year. That is not a bonus. That is consistent monthly returns on money you were not doing anything with.
Use my code PROFITABLEMAN when you sign up on Risevest.

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@GGigne @nobodhee @afoemmie @MyNameIsQuadri @ProfitableMan1 @Risevest Nope, i will NOT invest until it's listed... SEC are the regulators, if risevest is NOT listed..i will NOT invest...
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@abycolion @nobodhee @afoemmie @MyNameIsQuadri @ProfitableMan1 @Risevest This is clearly a SEC problem. That portal has not been updated in months.

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@MyNameIsQuadri @ProfitableMan1 @Risevest Check this website to know if they regulated or NOT...
sec.gov.ng/for-investors/…
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@abycolion @afoemmie @MyNameIsQuadri @ProfitableMan1 @Risevest Can you share the link for the SEC website?
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@Charleymed @ProfitableMan1 If a new license is issued, it's updated immediately... Ask risevest, who is their custodian bank...i will mail the custodian bank and trustees to confirm if truly risevest is with them...
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@abycolion @ProfitableMan1 SEC list was last updated 5 months ago
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@GGigne @nunamano @ProfitableMan1 SEC doesn't need to counter ,it should be on their website, ask them who's their trustees,principal officers, and custodian bank..?? Ask them... If they aren't on SEC website, don't invest.. Investors capital must be safe...
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@Charleymed @ProfitableMan1 RV fund management cannot be found in SEC website, if they're NOT on SEC website, it's a red flag for me.. Thank you..
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@abycolion @nicktostos Sharp sand is better than laterite
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You need 4-6 tipper loads of laterite to sand fill a standard 3-bedroom bungalow
Depending on the location, that may cost you between #80k and #120k
Add that to the cost of renting a GP tank for water storage, you're looking at up to #350k
Digging a septic tank and soakaway will be a better use of your money
Plus, if you live in areas where well digging is the norm, your septic tank, soakaway, and well will give you more than enough sand for filling
Spend wisely and cut cost without sacrificing quality

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@afoemmie @MyNameIsQuadri @ProfitableMan1 @Risevest They are still the process ,the license have not been granted to them. If granted, you will find risevest in the SEC website. There is NO information about risevest in the SEC website.
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