@ProfitableMan1 Facts. Many parents wan use black tax ruin their children. Expecting them to do for them what they couldn’t do for their own parents
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Yaks
1.1K posts
Yaks
@____Yaks
B.Eng | FCCA | Helping Nigerians build wealth through Financial Literacy💰 | Propagating Halal Investments | Not an Investment Advisor
Planet Earth Entrou em Eylül 2010
1.7K Seguindo929 Seguidores
Sending your children to school is not a retirement plan.
It is parenting. It is your responsibility.
The fact that you trained them does not mean they owe you their salary for the rest of your life.
They did not ask to be born. You made that decision.
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@quansimodo May and Baker is a safety net. Unfortunately it hasn’t gathered momentum
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Learn to market yourself shamelessly
Olúwatósìn Olaseinde@tosinolaseinde
You want to be mysterious at 30 and your bank account is empty. How???? Get out there and put yourself out there.
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I started my investment journey in 2021 with N10k in AIICO.
Today I still put every 20k i can find into the market and my portfolio is smiling.
Don’t let anyone discourage you from starting small.
The market needs consistency, discipline and research. Compounding will do the rest.
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@HaadiJimoh I totally agree,the Nigeria stock market is developing and streamlining the charges will improve participation especially from the retail angle
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Every time you buy or sell shares on NGX, you pay at least 6 different charges and taxes on the amount you are buying or selling.
~ NGX Fee: 0.3%
~ CSCS Fee: 0.3%
~ Trade alert fee: N4
~ Brokerage Fee: 1% - 1.35%
~ Sec Fee - 0.3%
~ Stamp duty: 0.08%
~ VAT: 7.5% on the above charges
~ When you receive dividends you pay 10% withholding tax.
~ When you make gain from the investment, you pay additional capital gains tax of 0% to 25% based on your income bracket.
Do you think that charges and taxes are excessive?
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@abalu_uthman Well done bro. May Allah grant you all the success of the Job
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The kind of work I did yesterday made me rethink my choice of Nursing.
Financial freedom and retirement early is non negotiable.
I woke up this morning like they pounded yam on my body 😂
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@compoundinnaira People tend to be in denial of the power of compounding and consistency. You’re the literal evidence of everything that we preach about.
Who get ear make he ear.
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What’s the purpose of your post exactly? To tell your followers not to plan for their future or invest?
Your post is also missing a lot of info, for starters, over the 6+ years I have been investing, I have been paid more than ₦9,000,000 in dividends, assuming all of that went back into the portfolio, the ₦35m you claim I have deposited drops to ₦26m.
Secondly, if you factor in all the profits from stocks I have sold along the way and put the money into stocks that I still holding today, it will further reduce the ₦26m.
Additionally, in 2024 or so, I practically sold all of my UCAP and WAPCO holdings because I needed emergency money. They were sold for more than ₦5m and I withdrew all that money to fix emergencies. When I eventually started adding back funds, the portfolio did not account for that withdrawal.
You’re free to post anything sha, all na content I guess.
Man of Letters.@Letter_to_Jack
He started in August 2020 and has deposited N35 million in investment between then and now (68 months). That’s an average of ₦514,706 investment in stocks per month. Meaning their income must have been north of N2m monthly on average over the 6-year period. I pity anyone who would run themselves to the ground because they want to be like this person because they saw N50k first deposit. Can you see the part of the story that is missing?
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If you’re working 9 to 5 and cannot save anything at the end of the month, you’re not alone.
What will differentiate you is whether you upskill, take a side hustle, find a new Job, cut expenses, build your network, and shamelessly market yourself.
Growing wealth is possible. Be stubborn about it.
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Yaks retweetou
"At "₦500, is MTN still worth it?"
"At ₦700, is MTN still worth it?"
"At ₦915, is MTN still worth it?"
madeenahtheaccountant@themadeenah
At ₦915, is MTN still worth it?
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Yaks retweetou
You think you’re not an investor because you don’t buy stocks.
Not all investors use apps.
Some open their shop every morning.
If your business pays you consistently,
you are not just working you are holding a cash-flowing asset.
That your business that generates cash flow daily or weekly is also an investment.
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That's why I am glad in am in this X Finance community.
When I see people earning 1m, 6m, 11m, 14m alone in dividends
When I see people's 100M portfolio
When I people investing 50%, 60% of their monthly income
I can't help but be pressured to do more.
Is the pressure touching you too?
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Yaks retweetou
Those 70% - 400% returns you’re getting on NGX are unusual. The market is simply repricing the impact of the degradation experienced by our economy and currency in the last decade. Soon markets will stabilise to the typical 10% - 30% annual return.
Don’t start investing expecting such huge returns forever, however by all means grab this bonanza while it lasts.
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@HozeinBasit You may need to contact them directly for help with registration as im not too familiar with their registration process
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@HozeinBasit You’ll need to download the stanbic stockbrokers app and register to enable you invest in their funds
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@kachinuel I agree with you. Lots of companies have been churning great numbers.
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Yes currency devaluation plays a huge part but companies, banks and telcos are posting massive real profits. The fundamentals are shifting, I don't expect NGX to drop back down to 10%
Yaks@____Yaks
Those 70% - 400% returns you’re getting on NGX are unusual. The market is simply repricing the impact of the degradation experienced by our economy and currency in the last decade. Soon markets will stabilise to the typical 10% - 30% annual return. Don’t start investing expecting such huge returns forever, however by all means grab this bonanza while it lasts.
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