Ruthles$

Maybe, just maybe, it’ll all make sense eventually.

@OdehEmar @Adey_Rid @rand0muser98 Firstly, The compound interest was roughly estimated. Note that you’re saving every single interest and reinvesting. Secondly, it’s a hypothetical situation

@RizzENT0 @Adey_Rid @rand0muser98 Lol. Firstly, the compound interest isn't 38m. Secondly, piggyvest will never have given you 20% interest in 2015.

Whatever you do, don’t ever make the mistake of taking the interest upfront and spending it carelessly, thinking it’s a “gain” or that you’ve cheated the system. It is simply compensation for the value your money will lose over the next eight months. Yes, your ₦1.5M will remain intact, but I promise you, it won't have the same purchasing power then as it does now. I might do a thread on alternatives to help your ₦1.5M work harder for you (if y'all go easy on me), while still focusing strictly on PRESERVING YOUR CAPITAL.

I’ve never wanted something as badly as I want my life to dramatically change for the better… best… over the next few months. It’s time. It’s my time.

Noticed I was being too smooth once with a baddie and her anti-playboy defenses were shooting up, admitted I was a little nervous and put her hand on my heart so she could feel it pounding, then she giggled and melted Sun Tzu really pulled through that day, “appear weak though you are strong” hell yeah playa It’s an advanced problem but sometimes the solution to overly polished game is anti-game

This makes sense.

Never blame weed for your laziness

@TruthfulAI @rand0muser98 I get it. And I’m just making a point.

@RizzENT0 @rand0muser98 You really need to understand what he's saying

@SeleboweiL54379 @rand0muser98 Them go soon employ me. No worry.

@RizzENT0 @rand0muser98 e be like you piggyvest agent oo😹😹😹

@the_beardedsina Addiction

Why are they always smoking?

You people will come on this app and confidently mislead people on something you have zero knowledge about. Buying Dangote Refinery shares with a 150k salary will not take anyone out of the trenches. NGX is not a meme coin. Dangote Refinery is currently preparing for its IPO with an estimated valuation of *$40 Billion to $50 Billion**. In Naira, that is over 60 TRILLION Naira. You are telling a guy who earns 150k a month to use 7k to buy a microscopic fraction of a 60 Trillion Naira asset and expect it to magically pay his house rent in a few years? If you earn between 100k and 250k, and you aggressively scrape 20k monthly to buy shares, you would have invested 240k by December. Even if the refinery does a miraculous 20% return, your profit for tying down your hard-earned survival money for 365 days is just 48k. That cannot even buy a half bag of rice today. Inflation will swallow that profit before the dividend is even paid. Let's even scale it up. Let's say you manage to invest a whole 1 Million Naira. A very solid 20% return gives you 200k profit in an ENTIRE YEAR. Is 200k after 12 months changing your life? No. Dangote Refinery stock are for WEALTH PRESERVATION, not poverty eradication. It is for the person sitting on 50m who wants to park heavy liquidity, hedge against inflation. It is NOT for Emeka who's eating from hand to mouth in this economy. If your income is small, take that 7k and use it to eat. 7k is not magically paying your house rent in 2030 because you bought dangote refinery stock.

@neverdownng @Adey_Rid @rand0muser98 But is it tho, in Nigeria. Let’s be for real.

@RizzENT0 @Adey_Rid @rand0muser98 In actual sense, there’s no real interest if devaluation rate is higher than interest rate.

I know. But That's because you’re typing the value of this particular amount to a specific problem. I do not care about that. I’ve said this countless times. I care about growth. I care about being richer than I was last year. If the initial cost of the problem increases. I can choose to go for cheaper solutions or ignore the problem entirely. I am Richer, I’ve got options.

@RizzENT0 @rand0muser98 You are unnecessary angry and not thinking properly. If i'm investing 2M at that rate,the naira devaluing is the least of my problem but after awhile it becomes my problem because the initial cost of the problem the interest solves is increased.

@famiihan @rand0muser98 Yeah. I just hope it doesn’t get worse

@RizzENT0 @rand0muser98 The reduction in rate may be because mpr is also reducing.

@JudeOtedo @rand0muser98 Ohh. Yeah. They’re always better options

@RizzENT0 @rand0muser98 I'm not sure speculative is really the right word, although I understand what you're saying. On your second point, I was pointing out what I'd rather do than to use piggyvest.

@neverdownng @Adey_Rid @rand0muser98 Understand the laws of compounding interest too.

@RizzENT0 @Adey_Rid @rand0muser98 ‘Sustainably’ and you don’t care about currency devaluation? 2 million in 2023 can get you a Nigerian use 2026 corolla 2 million in 2023 cannot get you 1999 pencil light Camry. Understand these before you think of investing.

Yeah. Obviously 2015. Now imagine you put that same amount since 2015 with piggy’s current rate. Compounding interest inclusive. That’s roughly 43m in 2026. Now let’s paint a scenario. A has 5m . B has 5m. A goes on to buy a car and a house in 2015 for 5m. B invests with piggy’s rate for 20% interest. Now fast forward to 2026. Mr A still has his cars and house. While Mr B has no car or a house but has 43m sitting pretty in his account. Now let’s say Mr B always wanted a Toyota Camry that was 5m in 2015. And now 15m in 2026. Mr B can still easily go for that or go for a regular car for 5m. Options.

@RizzENT0 @rand0muser98 5 million in 2015 and 20million in 2026... Which one has a bigger value? I want to check something. At least this is not speculative, we've lived it

@Adey_Rid @rand0muser98 You’re tying the value of my money to a particular product. I’m more concerned about growth than speculative value. Thank you.

@RizzENT0 @rand0muser98 You don't care about value of money? Then why are you holding money.... I'm done with this conversation jae... I just dey waste my time 🤣🤣

@JudeOtedo @rand0muser98 This too is speculative. Piggy’s is sure- paid upfront. Plus, You can’t expect piggy to handle those rates. That would be daylight robbery

@RizzENT0 @rand0muser98 If I put 2M in Equity Funds for just two months I'll make more than 400k, let alone for 8 months.

You guys talk about this shit like it’s a fact. You do know this naira devaluation is speculative. Yes, inflation is a thing. But last I checked naira has been up on dollar since it’s was down bad in 2023. And again this is funds I have no use of at the moment and need it to earn passively. And you’re saying I shouldn’t embrace piggy’s rates as opposed to starting a business in Nigeria’s current economy ?

@RizzENT0 @rand0muser98 Calm down and learn. If your rent is 400k,it sorts your rent at best(360k after 10% tax) but on the long run,your money doesn't grow and your capital devalues as naira drops. To benefit from this more,your capital needs to be tens of millions and above.

@Adey_Rid @rand0muser98 In other words, I prioritize measurable growth over projected future value

@RizzENT0 @rand0muser98 If you didn't have it anymore, what you bought with it then, will be more than what you'll get from it this year... You're looking at money, we are talking of value.... Calm down