@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
@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
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 👇
You have ₦100 million to invest across:
• Equities (stocks)
• Cash & cash equivalents (money market)
• Fixed income (bonds)
• Real estate
How would you allocate it & why?
@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...
@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??
A listed Nigerian company is raising 100 billion naira to invest in property and will share the returns with investors and yet the argument that real estate in Nigeria is only for the wealthy continues with remarkable confidence.
@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..
@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.
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.
@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...
@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...
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
@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.
@BSAT_Properties Pls I am building. My builder is quoting 12 tipper loads of laterite to fill a 4 bedroom duplex. According to your estimate, bungalow has a bigger area than a duplex. Pls I need your estimate for a duplex
@nicktostos@BSAT_Properties No...Sharp sand is the best for filling...,but we use laterite cos of cost.. But sharp sand is recommended...according to structural engineers...