stay real
Joined April 2023
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Retrickk retweeted
Jun 17
doing my little things quietly 'cause if it goes wrong at least no one will know
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Retrickk retweeted
Jun 17
Bestie needed, not with benefits, i go just dey send you money base on say i be mumu.
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Jun 15
anytime i’m having a good day i remember @Spotify allow maevrse to upload songs on their platform.
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Jun 13
Unfortunately, buying into the Dangote IPO isn’t going to change your life overnight. In fact, treat it as a buy and forget investment that may give you better returns years down the line.
Understand how investing works before getting into it. I’m not saying the Dangote IPO won’t make you money, but I would describe it as a patient-capital investment.
Whenever I invest, I always consider two factors:
1:Stability
2:Safety/Risk
1. Stability
How stable is the investment?
I’m not talking about using your money to build houses or hotels. I’m speaking about investing with “money wey no go far.” Let’s say you have a principal of ₦1 million (about $722). What type of investment should you go for ?
Personally, I look for stability. That’s why buying gold would be one of the last options on my list, especially if you’re investing money you can’t afford to lose.
2. Safety
A return of your investment is better than a return on your investment.
Investing in gold is cool. I mean, owning a gold bar sounds nice. But is it a safe investment? Not necessarily.
Over the past six years, gold’s annual ROI has fluctuated significantly:
24.8% | -3.7% | -0.4% | 12.8% | 27.0% | 64.5%
Dividing these yearly returns by six gives an average annual return of about 20.8%.
While that looks attractive, the best year returned 64.5%, while the worst year returned -3.7%
In my opinion, that’s not the safest option if you’re risking money you can’t afford to lose. There’s also the risk of theft, especially if the gold is held in jewelry form, don’t get me wrong gold is a good wey for store of wealth, but if you’re looking a short term investment i wouldn’t recommend.
A slower return on investment isn’t always a bad thing. That’s why I prefer safer investments such as:
Treasury Bills (T-Bills)
PiggyVest
These options are generally on the safer side and carry much lower risk.
Investing in Treasury Bills is essentially lending money to the government, which then pays you back with interest. Because of that, the chances of things going south are relatively low.
PiggyVest is also a good option, offering returns as high as 18%-21% APR on some products. It’s a regulated financial platform, so there’s less reason to worry about safety. It’s also more flexible you can lock your funds for as little as 30 days, unlike Treasury Bills, which typically come with lock-in periods of 91, 182, or 364 days.
There are other financial institutions that offer good returns, but one reason I prefer PiggyVest is its flexibility but if you’re looking for lower risk i recommend t bills.
Like I said earlier, a return of your investment is better than a return on your investment.
Jun 10
While many investors are buying Dangote shares, one investor chose a different path he used his money to buy millions of naira worth of physical gold instead.
His reason?
“Buy the dip.”
Not in stocks. Not in crypto. In gold.
He sees gold as a long-term investment and a store of value for his children.
My question:
Is this a wise investment strategy, or would you rather put that money into stocks, Sukuk, real estate, or a business?
And is gold part of your investment portfolio?
👇 What would you do, and why?
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Retrickk retweeted
May 26
lmao , good cop bad cop, them don do me this tactics before 🤣
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