Engr. Dannie Gee

I think we can have a more balanced perspective on this subject if we consider these 5 factors: 1. The average rental yield in Nigeria is about 5% to 7%. For prime locations, it ranges between 8% to 12%. Calculating with these rental yield numbers, a N90M is expected to generate a rent of N4.5m to N10.8m every year. We can peg it at the base minimum of N4.5m. The projected N3m annual rent puts the house at just 3.3% rental yield, which is below the average industry standard. 2. Houses just like every other asset apprecaite in value over time. Owing a rental property is similar to owning a dividend paying stock. Your rents are your dividends. You also have the gains of capital appreciation. Let's say the house owner collects rents for 10 years, he would have earned between N45m to N108m in rental income. Real estate in Nigeria appreciates by an average of 10% (or more depending on location) per year. This means a N90m house should be worth at least N243m in 10 years time. If we factor in the rental income generated from the house within the 10 years time frame, it isn't so much of a bad investment. 3. Reinvesting the rental income into other assets can also help you break even faster. Mr. A that invests his yearly rental income into stocks, bonds, or even other businesses will most likely make more returns from his house than Mr. B who just collects his rents and keeps it in the bank. 4. House is a defensive asset. People use it for a balanced portfolio diversification and a hedge against risks of exposure to volatile asset classes like stocks and crypto. Not all assets should be for fast income growth. Some could serve as a safety net. 5. You can sweat the asset (house) further by using it as a collateral to secure loans for other fast income generating businesses. I know there might be concerns of inconsistent payment of rents, maintenance costs and others, but on a on much bigger scale, if we objectively consider all other factors, building a house for rent is never a bad investment. It may not be the best investment option out there, but it isn't a bad one either.

@iamprovibezz Very correct.

@gee_engr Most people want to buy during a market boom and sell during a market crash because they’re ruled by the two greatest forces in investing: fear and greed.

Everybody wanted a piece of Bitcoin when it was at $120K. Seems most people don't want it now it is cheaper at $66K. Funny.

Franklin Templeton partners with @OndoFinance to offer tokenized versions of five ETFs trading 24/7 via crypto wallets.

“Always take the high road. It's less crowded” — Warren Buffett

If people understand this, they won't stress themselves juggling multiple hustles all in the name of diversification. Find one thing that pays you well, get good at it, scale it, take some proceeds from it periodically and invest in equities of well run companies. That's a good diversification strategy that let you build passive income from your active income with zero stress.

Fuel hike. Increase in transport cost. Food inflation. Wars have consequences. For every missile shot in Iran, the bolt driver in Lagos hikes his fares. The local bakery in Ibadan experiences a higher cost of production. The average man in Aba struggles with a higher cost of living. A family in Kano may now have to ration meals due to inflated food prices. The world is a global village. Nobody is insulated from the effect of the war. Whether you are on the Iran or the US/Israel side of the war, its ripple effects will get to you.

While you are still trying to figure out what business to do, put that N20M in @Risevest and be collecting 416K returns every month.

@HarmlessHQ While you are still trying to figure out what business to do, put that N20M in @Risevest and be collecting 416K returns every month.

You have N20 million in Nigeria. And japa is not in your plans. You just want to invest and establish wealth in Nigeria. What line of business are you going into?

NGXGroup.

Web3 can take you from 0 to 100 within the shortest time. It can also take you from 100 to 0 within the shortest time.

Read this: x.com/i/status/19906…

Asset = Passive Income. Salary = Active Income. Passive Income >>>>

If for every N10 you put into a business, you make back at least N2 net returns, please don't look elsewhere or try that unncessary diversification shit. Find a way to scale that business like your life depends on it. It is your cashcow.

@DrJawaadArif Absolutely.

@gee_engr Investing solely in what works is wise. Scaling successful ventures can unlock incredible growth potential. Let's stay focused on that. 🚀

"It takes character to sit with all that cash and to do nothing." — Charlie Munger.

"There's no asset so good that it can't be overpriced and become a bad investment, and very few assets are so bad they can't be underpriced and be a good investment." — Howard Marks

Spoke with someone who has over $150K sitting idle in his dom acc for over 7yrs now. Haven't been able to sleep well since then. Have been doing maths of all the possible returns he could he have made within the past 7yrs. And Oga still doesn't want to invest. His reason? He doesn't want to lose his money. My response? Idle money makes no money. Scared money makes no money. Selah.

In 2015, Google invested $900M for 7.5% ownership of SpaceX. SpaceX is now projected to trade at a $2T valuation, providing Google with a 167x return.

Build. A. Life. Of. Options

You can sometimes miss good entries by timing the market. Remember when Fidson right issue was at N35 while the market price was at N73 (almost 2X the right issue offer). I hesitated buying because I felt it would retrace a little. It then ran all the way up to N105 before now cooling off a bit at N94. If a coy's fundamentals checks out fine, it's okay to just buy when you have the money. Even if it dips, you can DCA to average down your cost. Waiting for a good entry can sometimes cost you a good entry.

The Oliver Twist in me wants both.