WEBVTT 1 00:07:06.800 --> 00:07:14.639 Great. So those moves led to significant king interest rates, and you all 2 00:07:14.680 --> 00:07:19.839 know the impact once the interest rate is high, impact on the lending rates, 3 00:07:19.920 --> 00:07:28.759 impact on mortgage rates, reduces the ability of people to take mortgages and 4 00:07:28.439 --> 00:07:34.519 as also as also businesses. We saw even within the fintech space basus raising 5 00:07:34.600 --> 00:07:42.639 funds was also re madior challenge because there were other interesting alternatives to put those 6 00:07:42.680 --> 00:07:50.240 funds. You still that rather than investing in some of the FinTechs that maybe 7 00:07:50.279 --> 00:07:56.399 carry a bit of risk, they also try to just put the funds in 8 00:07:56.519 --> 00:08:01.160 fixed informs. So I would summarize that within the take global space. I 9 00:08:01.160 --> 00:08:05.720 don't know if there's any photo question on that now. It's more like an 10 00:08:05.720 --> 00:08:07.680 introduction before we get to the Nigeria and the corner Nygeria, where should I 11 00:08:07.680 --> 00:08:11.439 put my money in? So the global space we, like I said, 12 00:08:11.519 --> 00:08:16.319 we had the inflation and position has been moderated from the high do judice now 13 00:08:16.319 --> 00:08:20.839 to the lower digits point global side. What's your takes on the budget the 14 00:08:20.920 --> 00:08:24.439 twent twenty four Nigerian budget. We've seen a record budget. Tell the name 15 00:08:24.519 --> 00:08:28.480 plate the name plate number is record. We've seen a project is going to 16 00:08:28.519 --> 00:08:33.919 spend a lot of money relying not just on crude oil. That's the one 17 00:08:33.960 --> 00:08:39.159 thing I found out, not just on crude but on quote unquote independent sources 18 00:08:39.159 --> 00:08:41.960 of revenues for the government. So the government seems to have abandoned that they're 19 00:08:43.000 --> 00:08:46.440 not going to get money from crude oil. It's about one point something number 20 00:08:46.120 --> 00:08:50.639 day targets, way way way below what we're doing just overall. So what's 21 00:08:50.679 --> 00:08:54.799 your take on the budget And as an investor, as someone als invest in 22 00:08:54.919 --> 00:08:56.440 Nigeria, what should I be looking at? What am I happier about? 23 00:08:56.440 --> 00:09:01.919 What should I be sad about? Thanks? And I think I would like 24 00:09:03.000 --> 00:09:05.759 to if I'm going to say it in one world, I think it's ovalue 25 00:09:05.799 --> 00:09:11.559 of the government. Is ovalue of the newstic around these project And we'd say 26 00:09:11.840 --> 00:09:18.320 at this based on the last passage at the budget past or about twenty eight 27 00:09:18.360 --> 00:09:26.120 point eight trillion nira and you're looking at the revenue level of about eighteen trillion 28 00:09:26.240 --> 00:09:31.919 Ira, so you would see that there's a major gap. And when you 29 00:09:31.000 --> 00:09:35.919 also drill down to the revenue, I'm happy that you. I likeed that 30 00:09:35.080 --> 00:09:46.879 independent sources. It's really when you look at trends, looking at the past, 31 00:09:46.919 --> 00:09:54.440 the independent sources are not really newdered any meaningful impact or government have not 32 00:09:54.559 --> 00:10:00.759 been able to meet up looking at those independence of sources, So it's going 33 00:10:00.879 --> 00:10:05.879 to be when you look at it's really going to be surprising if they are. 34 00:10:05.919 --> 00:10:09.879 Also, they are able to achieve about fifty percent of work about the 35 00:10:09.960 --> 00:10:15.000 six trillion or seven trillion that they are projecting, so that means that the 36 00:10:15.200 --> 00:10:18.480 gap, the after gap, it won't be high. You want to look 37 00:10:18.480 --> 00:10:22.919 at oil production they are projecting or a production about one point seven eight trillion. 38 00:10:22.440 --> 00:10:28.000 Yes, it's moved from the one point two million barrass adding levels, 39 00:10:28.000 --> 00:10:33.440 so almost about one point thirty five levels, but that they're still the Madior 40 00:10:33.519 --> 00:10:39.200 gap. So it miss that that is another shot for revenue shot for and 41 00:10:39.600 --> 00:10:46.559 for the non oil businesses. So when we look at taxes, exceptably continue 42 00:10:46.559 --> 00:10:50.799 to enforce compliance, companies are not expanding, companies are tually shutting down. 43 00:10:52.279 --> 00:10:56.279 And if companies are struggling, it means that it would even if they're making 44 00:10:56.320 --> 00:11:01.440 it a lot, you don't expect them they'll pay more more paths. They 45 00:11:01.480 --> 00:11:05.159 all play the minimal asis, so it's really going to it. I feel 46 00:11:05.200 --> 00:11:11.720 it's it's really a for order they set it just calls that there needs to 47 00:11:11.759 --> 00:11:18.639 be policies to partner with private investors relying on this revenue to deliver it will 48 00:11:18.679 --> 00:11:22.879 be all or that is, they need to create that environment for the private 49 00:11:22.960 --> 00:11:28.360 sector to compliment. So and that is really very key if if if that 50 00:11:28.519 --> 00:11:31.519 is not done, because when you begin to look at it at the end 51 00:11:31.600 --> 00:11:35.639 of the day or the end of the day, when you look at the 52 00:11:35.720 --> 00:11:41.399 performance they have spenditure, which is they need to that we try to benefit 53 00:11:41.639 --> 00:11:48.279 from all the The most popular benefit from always did be the receiving hands. 54 00:11:48.559 --> 00:11:54.240 But you're looking at when we look at opportunities because not so just focus on 55 00:11:54.679 --> 00:11:58.639 what the challenges. I believe that within the oil sector, if we see 56 00:11:58.679 --> 00:12:05.440 if they can be the right policy. There's the health insurance that can help 57 00:12:05.480 --> 00:12:11.080 boost our health sector. So can the private sector. As I know people 58 00:12:11.080 --> 00:12:16.399 are looking at that taking their initiative, but maybe be more intentional to see 59 00:12:16.440 --> 00:12:22.240 how we can drive the health sector using insurance micro insurance that people, even 60 00:12:22.399 --> 00:12:28.759 the market women understand the advantage of signing or co health insurance. So if 61 00:12:28.799 --> 00:12:33.360 we're able to mobilize that much of capital, then will be able to develop 62 00:12:35.679 --> 00:12:41.039 the health sector. Provided rights equipment and as a result, that sector would 63 00:12:41.080 --> 00:12:45.000 begin to expand. So that actually I see that for those that maybe are 64 00:12:45.039 --> 00:12:48.799 content and best use, there's an opportunity to fine tune and see how government 65 00:12:48.840 --> 00:12:56.000 can partner with them. If a structure is also we should not expect that 66 00:12:56.080 --> 00:13:01.440 government will be able to deliver more infrastructure would with this for your So there's 67 00:13:01.440 --> 00:13:05.600 the infracle. We need to know is it taking off this year, what's 68 00:13:05.639 --> 00:13:09.440 government doing about it? Or if they are that a road that can be 69 00:13:09.559 --> 00:13:16.840 concession. And I used to say it if even the im motorists would commuters 70 00:13:16.919 --> 00:13:22.120 who prefer to pay a premium if they know it will take them less hours 71 00:13:22.159 --> 00:13:28.240 to commute, less hours for the road, so they should also that's also 72 00:13:28.320 --> 00:13:31.120 an opportunity that can pack that can pack out the private sector. There's a 73 00:13:31.200 --> 00:13:39.240 bidding program that I the government who spend money on can durians also say how 74 00:13:39.240 --> 00:13:45.320 they identify some of those problems we're expected governments can ensure that this is most 75 00:13:45.360 --> 00:13:50.759 of the inputs are home room. This can create higher multiplier effects. The 76 00:13:50.840 --> 00:13:54.399 pasis of lying the heck, the persis of lying the input right, they 77 00:13:54.399 --> 00:13:58.399 should if they can ensure that so it even if it's one trillion, they're 78 00:13:58.399 --> 00:14:03.919 going to orta five hundred billion. That's depending on it the economy that that 79 00:14:03.960 --> 00:14:07.399 can generate, or let me even be conservative, even if it's two hundred 80 00:14:07.480 --> 00:14:11.159 billion, the economy it can generate depersing, brain, the rise, deperssing, 81 00:14:11.240 --> 00:14:16.039 buring, the things, the planting. If they can build their value 82 00:14:16.120 --> 00:14:20.559 chain, the multiplier impact that it would generate would be higher, would be 83 00:14:20.600 --> 00:14:24.840 a minimum of times too. At times stay within that economy, they ensure 84 00:14:24.879 --> 00:14:31.000 that we are not now important what we're trying to also give out to this 85 00:14:31.919 --> 00:14:37.639 pupil of defeating program. The real estate is also an area where they're big 86 00:14:37.639 --> 00:14:41.960 on housing, but we all know because of the challenge is within the funding 87 00:14:43.440 --> 00:14:48.279 space, can there be more structure that we enable people take up mortgages at 88 00:14:48.320 --> 00:14:54.440 a very affordable rate and partner with government. The government is willing to really 89 00:14:54.679 --> 00:14:58.759 keep putting equity and there's a structure that they can build now cost housing with 90 00:15:00.039 --> 00:15:07.759 the partner with developer locals housing and mortgages that overread Nigeria can begin to do 91 00:15:07.960 --> 00:15:13.639 rent to home. So that is also an area for those that looking at 92 00:15:13.679 --> 00:15:20.080 the real space. Renewable know they've also been parmarrying on the the c n 93 00:15:20.159 --> 00:15:28.360 G also feel the solar the wind system also their area. Government can do 94 00:15:28.440 --> 00:15:33.279 all this, but what they need is to provide that right policy that right 95 00:15:33.399 --> 00:15:35.919 back in and you know, like if you're going to import some of these 96 00:15:37.360 --> 00:15:43.720 depreatments and they're giving you maybe a tax holiday, also trying to support given 97 00:15:43.799 --> 00:15:48.240 you loan at the lower level. I'm also ensuring that the process of clearing 98 00:15:48.279 --> 00:15:52.000 some of these items in the parts, you don't have to spend two months 99 00:15:52.000 --> 00:15:56.039 when you are important some of the things that are very key and important to 100 00:15:56.200 --> 00:16:03.240 your business staying that port for that level for your playing. So that is 101 00:16:03.279 --> 00:16:07.519 also an area that can also generate a lot of income for the young for 102 00:16:07.639 --> 00:16:11.960 business owners. And I would say technology, that's it we've done in the 103 00:16:12.000 --> 00:16:17.559 past as the labstorm, so that I don't take more time on this to 104 00:16:17.679 --> 00:16:22.639 see it done in the path that we've seen. Nanegerians provide ideas on how 105 00:16:22.879 --> 00:16:26.360 state government can end revenue and you share from that revenue. So you have 106 00:16:26.399 --> 00:16:33.039 you provide a platform for them so you identify you for restance. Currently in 107 00:16:33.440 --> 00:16:38.840 legals, if you drive around some areas in the camera is able to track 108 00:16:38.919 --> 00:16:48.639 you down if your licenses have expired, people text message directly and you need 109 00:16:48.720 --> 00:16:52.639 to pay before you can able renew your license. So in some people that 110 00:16:52.679 --> 00:16:59.919 have come up with those ideas, so are deal with strong young nanearians can 111 00:17:00.080 --> 00:17:04.000 come together? What are the ideas that you can't help? All governments would 112 00:17:04.000 --> 00:17:08.079 be willing to listen to you if they know, yes, rebue that can 113 00:17:08.119 --> 00:17:12.160 be generated, and they will be willing to it's the revenue with you. 114 00:17:12.599 --> 00:17:17.519 I think I would just so. I think the next question was going to 115 00:17:17.559 --> 00:17:21.039 be where can I invest? But let me just tail and just fullop on 116 00:17:21.200 --> 00:17:25.839 which shown this folks, I listen to you say it. Renewables, agriculture, 117 00:17:25.880 --> 00:17:30.599 and food. Are the specific investment options or outlets where if I want 118 00:17:30.640 --> 00:17:36.279 to invest in school feeding program whereby a vendor is going to supply eggs, 119 00:17:36.720 --> 00:17:40.920 do you have specific examples where you can say, invest in this company because 120 00:17:40.960 --> 00:17:44.799 they're exposed to that they are going to get take a batage of the government's 121 00:17:45.039 --> 00:17:48.559 spending on school feeding program. Do you have to be one or two specific 122 00:17:48.599 --> 00:17:52.039 examples for us if you're allowed to do that, to say how to do 123 00:17:52.119 --> 00:17:56.599 renewables? So I'm going to invest in this company to take advantage of the 124 00:17:56.720 --> 00:18:00.599 xs of the government's spending on renewables as any exaplanature like that. Folks listening, 125 00:18:03.119 --> 00:18:07.039 if I'm going to like maybe just take a bit of guess is to 126 00:18:07.119 --> 00:18:10.599 look at one or two. They are big sector, so you look at 127 00:18:10.960 --> 00:18:17.279 the lights of Bresco and and common that they are for. Yes, they 128 00:18:17.319 --> 00:18:25.279 are into rubber, but because of the inward looking strategy of the government, 129 00:18:25.480 --> 00:18:30.200 they may also benefits. But at least for those also listening, you know, 130 00:18:30.799 --> 00:18:36.319 ideas idemic and also to help. So just if they have an idea 131 00:18:36.359 --> 00:18:42.559 of companies that are already for the position to tie into some of this strategy. 132 00:18:45.240 --> 00:18:47.880 Okay, sir, good one. I have one or two guys that 133 00:18:47.920 --> 00:18:52.960 I'm gonna call on also, but let's go in Twitter. So just to 134 00:18:52.079 --> 00:18:59.160 assume a thirty of Nigerian and I have one millionaire disposable cashes in the bank. 135 00:19:00.039 --> 00:19:03.799 I would like to invest in Nigeria for say the next two to five 136 00:19:03.880 --> 00:19:07.599 years. I don't need liquidity right now and I would like to invest. 137 00:19:08.160 --> 00:19:11.599 Where should I put that money? How should I approach this? This is 138 00:19:11.880 --> 00:19:17.319 just bet be practically the focusing. What should they do? One, two, 139 00:19:17.400 --> 00:19:19.799 three, four? Yeah, Okay, so what I've done, I'm 140 00:19:19.839 --> 00:19:25.319 also I also put it in my terms, so I would say that, 141 00:19:26.240 --> 00:19:33.640 yes, well bricks advertising very but with a they had at thirty years, 142 00:19:33.720 --> 00:19:37.960 we should be able to your ricks advertise. You be a bit tied because 143 00:19:37.279 --> 00:19:41.920 you have longer periods. So I would say that you you put forty percent 144 00:19:42.039 --> 00:19:47.680 so which is found right out on a fixing from investments in maira fixing from 145 00:19:47.720 --> 00:19:52.759 Myra investments which were ranged between your are the head against savings famed and they 146 00:19:52.839 --> 00:19:59.839 look on every month. You can sign up to your store booker the ra 147 00:20:00.359 --> 00:20:04.319 in you do. You get it between sometimes between tend and twelve percent, 148 00:20:04.440 --> 00:20:11.319 depending on the rates and the market. You can also identify savings platform that 149 00:20:11.519 --> 00:20:17.039 gives IUT you it's good to do your due diligence. Those that have with 150 00:20:17.160 --> 00:20:22.400 reputable backing, you invest with them. For are you so you put that's 151 00:20:22.519 --> 00:20:26.599 fixed income or you buy trage. Some you can mitrage abuse if you don't 152 00:20:26.640 --> 00:20:30.559 take any rates. Some can give you as well as on red and by 153 00:20:30.640 --> 00:20:33.200 trade rebiuse. So you have the fixed income forty percent. You know that 154 00:20:33.319 --> 00:20:37.880 for me. Also some like your emergency one at times if you have to 155 00:20:37.880 --> 00:20:42.559 to it so that stack. Then you look at twenty percent fixed income in 156 00:20:42.640 --> 00:20:48.079 dollars and technology has help. There are a lot of reputable platforms now that 157 00:20:48.839 --> 00:20:52.319 you don't even need a M account to have investment in dollars. You pay 158 00:20:52.359 --> 00:20:56.359 in MYR you shore I recall. Then there's one of the platforms that I 159 00:20:56.480 --> 00:21:02.359 invested when dollar was around, Pasi Snira, and I just paid in. 160 00:21:03.359 --> 00:21:08.799 I think I paid one million converted into dollars and invested in a dollar form 161 00:21:10.119 --> 00:21:15.160 and after three years, I think i'sedd at seven forty five when I needed 162 00:21:15.200 --> 00:21:18.960 to do something. So you don't need to add you know, you're also 163 00:21:18.039 --> 00:21:22.039 converted at the current rates, so you don't need to go to the eddeap 164 00:21:22.119 --> 00:21:26.599 of having a domaccount to have on my investment. So you you you can 165 00:21:26.880 --> 00:21:30.599 save a twenty percent of that if it's a monthly thing. You want to 166 00:21:30.599 --> 00:21:34.119 be doing it to achieve this one million. As you get your fifty k, 167 00:21:34.440 --> 00:21:38.359 your twenty k just converted to dollars and you're building your dollar portfolio, 168 00:21:38.720 --> 00:21:44.039 so you have twenty percent there. Because we all know that, yes, 169 00:21:44.160 --> 00:21:51.640 why we feel that they're trying, we're trying to stabilize the denira. It's 170 00:21:51.680 --> 00:21:56.119 we need to produce an export the young point for us to stabilize this and 171 00:21:56.240 --> 00:22:02.960 Thisnira. So it you need to continue to have that dollar investments in the 172 00:22:03.079 --> 00:22:07.960 year and eputies we saw we've seen for those that suit the rics last year, 173 00:22:07.519 --> 00:22:14.559 they they are the one benefiting or the benefites Simnlicant live from the market 174 00:22:14.640 --> 00:22:18.839 markets almost a forty five percent and even this year alone this week last week 175 00:22:19.240 --> 00:22:26.799 it again investors been about two point eight trillionner. So you can position in 176 00:22:26.920 --> 00:22:32.640 stops. We are looking at five years because of you ib you will be 177 00:22:32.759 --> 00:22:36.160 doing dollar cours a breaking. So you're not boded now even if for me, 178 00:22:36.240 --> 00:22:38.759 because yes we expect that at the point in time, that should be 179 00:22:38.839 --> 00:22:45.359 a bit of my correction. But if what you're doing is you're buying monthly 180 00:22:45.000 --> 00:22:52.799 and that even does not affect you significantly. When market is down, you 181 00:22:52.839 --> 00:22:56.359 intensify, you increase the amount you're buying, and when it's tied, you 182 00:22:56.440 --> 00:23:00.319 buy at the normal level. So twenty percent that's about on unred out on 183 00:23:00.400 --> 00:23:04.599 myra in Nigerian stocks, then foreign stocks, you can't put about ten percent 184 00:23:04.920 --> 00:23:11.359 in foreign stocks. There are also NURA platforms that you can invest that would 185 00:23:11.400 --> 00:23:14.119 also help. So by then you look at it, you are thirty percent 186 00:23:14.480 --> 00:23:18.160 of your investment in dollars, so that's it's I think thats good. Then 187 00:23:18.240 --> 00:23:22.680 you can also look at god Eta. You look at the performance of good 188 00:23:22.839 --> 00:23:26.160 is a good or tentative investment, So I'm looking at five percent, which 189 00:23:26.200 --> 00:23:33.400 is your tality. Are putting five percent in goal eta. You can also 190 00:23:33.440 --> 00:23:37.759 buy that on most of the negro plat on that gives to YOURSS to foreign 191 00:23:37.759 --> 00:23:42.039 stocks, that's you put like fifty thousand. Then and you can also put 192 00:23:42.359 --> 00:23:48.319 five percent in crypto currency, which is what you buy if you don't want 193 00:23:48.359 --> 00:23:55.799 to take a lot of bricks dot buy the the flagship cryptocurrency, the lives 194 00:23:55.839 --> 00:24:00.960 of the pitcoin Neterial that you know very well. That will reduce your bullet 195 00:24:00.960 --> 00:24:04.319 feet and you'll see I'm putting the those five percents. We are looking at 196 00:24:04.359 --> 00:24:08.880 five years based on the investment horizon. So believe that with some of the 197 00:24:08.960 --> 00:24:15.799 regulations within the crypto trying to put within the crypto space ETFs then trying to 198 00:24:15.880 --> 00:24:19.240 field details on crito currency, who are seeing what civilian has also done to 199 00:24:19.319 --> 00:24:25.839 allow that you have done to dig in to also play within the critical currentice 200 00:24:25.880 --> 00:24:32.160 space that adoption itself of very for young people. You can also have that 201 00:24:32.400 --> 00:24:34.240 in your portfolio. So when you have that, that's meant to be like 202 00:24:34.319 --> 00:24:38.799 a balanced portfolio, and you would see that within the next five years this 203 00:24:38.960 --> 00:24:45.079 portfolio who beat inflation. You I'm even talking about that your inflation because when 204 00:24:45.079 --> 00:24:51.279 you also if you do a test, if a backwark test of how the 205 00:24:51.359 --> 00:24:56.480 performances has been done, you would say that wild past performance may not be 206 00:24:56.559 --> 00:25:00.960 a guarantee your future performance. But we are h sure. Do I spoke 207 00:25:00.000 --> 00:25:03.920 about foreign equities. The market has been edit down, and when you look 208 00:25:03.960 --> 00:25:08.559 at markets as as far as we're expecting years within the fixed income space in 209 00:25:08.599 --> 00:25:15.000 the in the US to calm down, it's also impact possibly on the equities 210 00:25:15.039 --> 00:25:18.680 market. So if you are able to structure around that. So if I'm 211 00:25:18.680 --> 00:25:23.920 going to just recap forty percent in fixting from NYRA, twenty percent in fixing 212 00:25:25.000 --> 00:25:29.400 from dollar, or let me put it in narratis phone red thousand on Ira 213 00:25:29.519 --> 00:25:33.839 in fixting from Nira te red thousand Iran fifty from dollar, so one red 214 00:25:33.880 --> 00:25:41.000 thousand on iror in Negerian equities one hundred thousand Ira incoring equities fifty thousand err 215 00:25:41.119 --> 00:25:45.880 in good eye and fifty thousand ira in crypto currencies. So with ad that 216 00:25:47.119 --> 00:25:55.160 on indion, you should be able to build a very defensive balance portfolio. 217 00:25:56.440 --> 00:25:59.599 Wow okay, So let me just again a Google two this out. I 218 00:25:59.599 --> 00:26:06.359 get a co forty percent Nigerian fixed income, twenty percent foreign bonds, so 219 00:26:06.440 --> 00:26:08.599 it can be Nigeria, but dollar you're gonna get the returns back in dollar 220 00:26:08.960 --> 00:26:15.400 for twenty percent dollar bond. Yes, twenty percent Nigerian stocks, ten percent 221 00:26:15.599 --> 00:26:21.920 foreign stocks, five percent of gold and of course five percent crypto. And 222 00:26:22.000 --> 00:26:25.839 I see one crypto guy here clapping both. Yea five percent crypto. All 223 00:26:25.920 --> 00:26:30.759 right, So this is a sample portfolio for five years. Again because it's 224 00:26:30.799 --> 00:26:34.000 not expecting liquidity per se, or it doesn't matter if it was expecting liquidity. 225 00:26:36.960 --> 00:26:40.480 Yes, no, So I think it's it balances because most of it, 226 00:26:40.880 --> 00:26:44.599 like the Nigerian stocks, most of them were getting retturn. So you 227 00:26:44.759 --> 00:26:49.400 need the cash flow. You'll sill be getting a bit on this portfolio for 228 00:26:49.559 --> 00:26:56.359 five years. You would say the portfolio i'mly within that five years excellent, 229 00:26:56.400 --> 00:27:00.400 And of course I had you say it beats inflation. Elements in this portfolio 230 00:27:00.440 --> 00:27:06.839 is being inflation. We just for for for focused understanding. Within the less 231 00:27:06.839 --> 00:27:15.160 five years, your investment in fixed InCom dollar should should beat inflation. Even 232 00:27:15.240 --> 00:27:22.480 in Nigerian stocks only divid then your perspective captor game should beat inflation if you 233 00:27:22.599 --> 00:27:26.759 get the right if you look at the right stocks, you should also be 234 00:27:26.799 --> 00:27:34.039 able to get an investment that beats bats inflation and cryptoporc. Yes it's gonna 235 00:27:34.160 --> 00:27:40.680 ti. Where we're looking at five years, you should beat inflation. Okay, 236 00:27:40.799 --> 00:27:44.599 So let's let's now go into them. Should we say one by one? 237 00:27:44.680 --> 00:27:49.000 Right, if I'm doing four percent fixed income, where like I had 238 00:27:49.000 --> 00:27:53.680 to say bonds the f G and bonds the corporate bonds, what is your 239 00:27:53.720 --> 00:28:00.319 preferred Nigerian fixed income? Should I buy primarket bonds? Second, like a 240 00:28:00.440 --> 00:28:04.200 bond treasure bills out the ninety days? What is your advisable for for this 241 00:28:04.400 --> 00:28:10.720 for the fixing compounder But that's about forty percent okay, so I would suggest 242 00:28:11.680 --> 00:28:17.160 like like thy so you can have the agen savings bone because you know we're 243 00:28:17.200 --> 00:28:22.440 doting about undred now, so there's also treasure. They're not able to focus 244 00:28:22.519 --> 00:28:30.519 a GM bonds, but you can also invest in in Nira high youth savings 245 00:28:30.519 --> 00:28:36.480 accounts. Yeah, high youth savings account that will also give you as refounder 246 00:28:36.759 --> 00:28:38.960 can match what you're getting in your bond. So if you are being mixed 247 00:28:38.960 --> 00:28:45.079 of the high youth savings account, lost your he gen savings form and maybe 248 00:28:45.200 --> 00:28:51.599 a bit hundred in tradio bills, that should be able to balance that. 249 00:28:52.400 --> 00:28:56.960 For my SAM minimum is five million, So I think with those three you 250 00:28:56.279 --> 00:29:02.440 still be fine. So can I put on the spot? Can you name 251 00:29:02.480 --> 00:29:04.720 them? If you can, that's fine, But can you name for instance, 252 00:29:04.759 --> 00:29:07.759 when you say savings bond notes G and savings bond that can be brought 253 00:29:07.799 --> 00:29:15.960 from any registered bank or stockbroker. When you say high yielding paper, do 254 00:29:15.039 --> 00:29:18.359 you have anyone in your mind that you want to recommend? I mean you 255 00:29:18.359 --> 00:29:22.000 can. You have feel free to to putting yours in there because folks are 256 00:29:22.039 --> 00:29:26.680 listening, are taking notes just for them to know what to do. Again, 257 00:29:26.720 --> 00:29:29.119 you are we always say d M you and all that. So which 258 00:29:29.160 --> 00:29:33.599 one do you specific now? Sir? Okay? Yeah? So I think 259 00:29:33.039 --> 00:29:40.599 I would suggest one you can get it through after investor. You can also 260 00:29:40.720 --> 00:29:48.519 get it through standing gets through. I think CND is the oorrent STOCKL is 261 00:29:48.599 --> 00:29:55.599 the current and stop worker. So I think any of those a lot of 262 00:29:55.640 --> 00:30:00.519 stop working. I get it, but I I work for a free investor, 263 00:30:00.519 --> 00:30:04.720 and how the it has for most people that I've also reached out and 264 00:30:04.799 --> 00:30:11.279 you take what any of them have regretted investment through against going through free investment. 265 00:30:12.039 --> 00:30:18.640 So thank you. Go ahead the Lyra where you can get savings thyra. 266 00:30:18.839 --> 00:30:22.039 So you have the Optimus by her free Investor, which is fully owned 267 00:30:22.039 --> 00:30:26.400 by a free investor. We can investrate those. You also want to invest 268 00:30:26.880 --> 00:30:34.359 the star rewires, Yes, we invest also invest through then. Okay, 269 00:30:34.640 --> 00:30:37.319 that's a lot of options for us here. And of course the space is 270 00:30:37.359 --> 00:30:41.759 recorded recorded here on Twitter. I'm going to post it on the podcast link 271 00:30:41.880 --> 00:30:45.599 is going to be on YouTube, so you can always go back and you 272 00:30:45.640 --> 00:30:49.519 know, rewind the tape and listen again to what mister io Society of fixed 273 00:30:49.519 --> 00:30:55.799 income you said f G and savings bonds you said high yield Nigerian savings bonds. 274 00:30:56.359 --> 00:31:03.920 There was a ted one, sir said trabuse treasure bills and also minimum 275 00:31:03.920 --> 00:31:08.519 to buy Tragibius through our friend versus security is one hundred thousand mara. There 276 00:31:08.599 --> 00:31:12.680 is there is a cross pen. But looking at the amount of fun. 277 00:31:12.720 --> 00:31:18.160 We're talking about the mend the right plode and if you, I said, 278 00:31:18.200 --> 00:31:22.039 maybe you have an existing ble that can also fit into that minimum level for 279 00:31:22.200 --> 00:31:26.400 you. Gotcha? All right, So we've gotten the the forty percent and 280 00:31:26.440 --> 00:31:33.640 gen fixed income part of it for the bonds, now the twenty percent foreign 281 00:31:33.880 --> 00:31:38.119 bonds again, same question, who do you recommend or who do you think 282 00:31:37.960 --> 00:31:42.079 we can go to? I know a long time ago I brought you here 283 00:31:42.079 --> 00:31:47.640 so I is talking about it the dollar bonds. You guys are optimist. 284 00:31:47.720 --> 00:31:49.759 I won't make you speak of that again. I also brought in FCMB, 285 00:31:49.920 --> 00:31:52.480 they had a dollar bond. We brought them in here to also speak. 286 00:31:52.519 --> 00:31:56.559 So who again would you recommend for us to go or what bendor can we 287 00:31:56.599 --> 00:32:00.720 go to the get this dollar this exposure to the dollar fixed in come market. 288 00:32:01.559 --> 00:32:07.880 Yeah, so beyond the the optimist frame, best at this stumping also 289 00:32:07.920 --> 00:32:16.359 has dollar utra. They also have which I'm looking at those at the exert 290 00:32:16.400 --> 00:32:22.119 matter. Those also have online platform because in this day of technology, it's 291 00:32:22.200 --> 00:32:25.720 good to be able to see as you're buying, you can track your investment. 292 00:32:25.799 --> 00:32:30.680 You know, to be calling to know what you have. So if 293 00:32:30.680 --> 00:32:35.920 you're going to choose to look for those that have the online platform. M 294 00:32:36.079 --> 00:32:42.039 hm. So I think pig invest also has a dollar investment, so interesting 295 00:32:43.119 --> 00:32:46.960 investment and I also do. So those are options that you can also you 296 00:32:47.039 --> 00:32:51.319 can okay, okay, all right, so we've gotten there so lots of 297 00:32:51.319 --> 00:32:53.759 options there. We've got the Piggy, best guys online, We've got the 298 00:32:53.839 --> 00:33:00.680 legacy banks, iby TC of most online. Again that you always always have 299 00:33:00.880 --> 00:33:04.519 a vendor that you can go online and see what your investments are doing, 300 00:33:04.559 --> 00:33:07.240 not just to buy, but to track what you're doing. Now, sir, 301 00:33:07.279 --> 00:33:10.920 what about the Nigerian stocks? We know probably who to go to, 302 00:33:12.039 --> 00:33:15.759 right, Nigerian stock brokers are registered. I always tell people go to anyone. 303 00:33:15.839 --> 00:33:21.640 It's more of customer service. As long as you go to a registered, 304 00:33:21.839 --> 00:33:25.279 regulated Nigerian stock broker, it's more or less who gives you the best 305 00:33:25.319 --> 00:33:30.400 customer service. Right. But again, if you could tell us which ones 306 00:33:30.480 --> 00:33:35.559 you recommend, of course plugging yours and then won't get specific on this twenty 307 00:33:35.599 --> 00:33:42.559 percent Nigerian stocks, Where are we buying ETFs in Nigeria? Are we buying 308 00:33:42.640 --> 00:33:49.000 individual stocks for five years? Which ones are you liking? So? Okay? 309 00:33:49.079 --> 00:34:00.480 Thanks? So regarding the recommended or so yes, yes, so after 310 00:34:00.599 --> 00:34:07.320 invest Securities Limited, you have likes of Merris Time Securities and other US securities. 311 00:34:07.360 --> 00:34:13.960 So your standing store brokers. So there are several store brokers that you 312 00:34:14.039 --> 00:34:16.880 can also go through. But I like what you use customer services. He 313 00:34:17.599 --> 00:34:22.760 a robots online platform where you can buy on your buy and sell on your 314 00:34:22.800 --> 00:34:27.559 own. So in these days you don't have to be calling your store brokers. 315 00:34:27.679 --> 00:34:32.800 And technology has helped and also have access to your phone and beyond that 316 00:34:34.079 --> 00:34:37.679 access to information and research. They have a strong research that LEAs provide you 317 00:34:37.760 --> 00:34:45.400 with easy information that will help you make decisions and if you cannot, if 318 00:34:45.400 --> 00:34:49.079 you don't have the time to go into those details, you can buy in 319 00:34:49.320 --> 00:34:53.519 equity multure firms. Not like last year when you look at I think carry 320 00:34:53.519 --> 00:34:59.760 Wise that posted looking at it after investors equity phone that they led you that 321 00:35:00.079 --> 00:35:07.480 almost sisificient where the the every system they fund marries and neputive fund. They're 322 00:35:07.519 --> 00:35:15.719 also those are professionally managed and also reduces your risk money. As we're expecting 323 00:35:16.159 --> 00:35:22.079 the market correction, they already know the right patter need to use to reduce 324 00:35:22.199 --> 00:35:25.840 if there's into an immedior correction. But if you are, if you don't 325 00:35:25.880 --> 00:35:31.280 understand the market, then you are invested directly into the markets. You may 326 00:35:31.280 --> 00:35:34.960 not know the right time to exisit, you may not know the right thing 327 00:35:35.039 --> 00:35:38.119 to do. And you're also tracking your divisiends. So if you know you 328 00:35:38.159 --> 00:35:44.440 don't have that much time to be tracking, you don't buy into the mutual 329 00:35:44.480 --> 00:35:51.559 fund and use those mut those mutor fund which are managed and they are regulated 330 00:35:51.639 --> 00:35:58.199 by This is an extent formation, perfect perfect, So what the summing again? 331 00:35:58.239 --> 00:35:59.920 I'm here? You say, if you don't know what to do, 332 00:36:00.039 --> 00:36:04.239 you will try to go through mutual funds and mutual funds Nigeria what Americans call 333 00:36:04.639 --> 00:36:08.239 or Nigrants call them unit trust. Americans call them mutual funds. And so 334 00:36:08.360 --> 00:36:13.280 if you don't really know what you're doing, go to the professionals, because 335 00:36:13.679 --> 00:36:17.639 the unit trust mutual funds are managed by professionals. They will take your funds, 336 00:36:19.039 --> 00:36:21.760 They can invest it, they know what to look out for, they 337 00:36:21.840 --> 00:36:24.960 know how to hedge and protect. That's that's yours, justins sir. Do 338 00:36:25.039 --> 00:36:29.760 you want to delve into individuals talks? As we just leave it as go 339 00:36:30.079 --> 00:36:35.840 to the I can I can mention like we always put that habit that it's 340 00:36:35.880 --> 00:36:45.719 not a financial advice. And because investments sometimes determine you're based on your investment 341 00:36:45.800 --> 00:36:52.239 objective and your you look at the banking stocks who still take the need yes 342 00:36:52.599 --> 00:36:59.119 for some currently at the other boards region boats we where you also look at 343 00:36:59.119 --> 00:37:06.199 the expected you if you're buying over belong period is also if you look at 344 00:37:06.440 --> 00:37:12.480 any buying access and Magiti, you want to have that NTY end as not 345 00:37:12.599 --> 00:37:15.880 rarely as small as other because it's going to be one of the defensive stocks 346 00:37:15.880 --> 00:37:23.199 that people should begin to rotate in correction is happening and it's set last is 347 00:37:23.239 --> 00:37:30.800 also the stock that may also be defensive that may not suffer as much dimunition 348 00:37:30.079 --> 00:37:37.360 or decline if market corrects itself. You also want to expose because exposure to 349 00:37:37.440 --> 00:37:44.840 the Greek space either a pressco or the Homeo oil. Within this cement space, 350 00:37:45.079 --> 00:37:51.119 you can either look at foor cements or downloads Danga cements. With government 351 00:37:51.519 --> 00:37:58.599 very foolish on construction and if implement that policy or the yes we're plenty police 352 00:37:58.639 --> 00:38:04.800 are using more immense to construct Rora than the bit men that does meant to 353 00:38:04.880 --> 00:38:12.199 be made of clus with so and you also want to look at me said 354 00:38:12.239 --> 00:38:16.360 the finance a proposal, boots will be a bit shaky, but when they 355 00:38:16.360 --> 00:38:22.039 are when you see that for most of them are moderated. We know nicely 356 00:38:22.280 --> 00:38:25.679 negative shoulders control now, but they will always come out of the wood stading 357 00:38:25.760 --> 00:38:30.599 and your health a long. So it's when people should learn or investors, 358 00:38:30.599 --> 00:38:37.679 you learn to buy when when you see that this crisis and you can see 359 00:38:37.719 --> 00:38:39.840 that those companies who come out of the prices. It is not when everything 360 00:38:40.000 --> 00:38:45.159 is five. But what we're finally saying in the market is a lot of 361 00:38:45.239 --> 00:38:51.079 people just coming in now and and it's when market is down. It's when 362 00:38:51.159 --> 00:38:55.039 you're supposed to be fulished about the markets. So I like that, you 363 00:38:55.079 --> 00:38:59.519 know, like I always say, if you if you go to a store, 364 00:39:00.360 --> 00:39:04.639 the store or the mall would advertise that this stress is on sale, 365 00:39:05.440 --> 00:39:09.079 and people rush to buy dress that it's on sale. But in the stock 366 00:39:09.199 --> 00:39:14.480 market, when the market is on sale, people run away because they want 367 00:39:14.519 --> 00:39:16.480 the market to be always go up in price, you know. So it's 368 00:39:16.519 --> 00:39:21.079 a good call in make it that if you find a good stock or a 369 00:39:21.159 --> 00:39:27.159 good company, for instance Nestley, it's a battered gym. If the fundamentals 370 00:39:27.239 --> 00:39:30.480 make sense, it could be that you're buying that stock at a if we 371 00:39:30.639 --> 00:39:35.760 say, a lower priced relative to its valuation. So I like that, 372 00:39:36.039 --> 00:39:37.960 and then just go about to if the banking stocks. You've talked about banking 373 00:39:38.000 --> 00:39:43.199 stocks, then you were specific zen it GT, I believe access. You 374 00:39:43.239 --> 00:39:46.880 spoke about agriculture Presco you said Dan go to Cement and Boa. Then the 375 00:39:46.960 --> 00:39:51.239 defensive you went empty and that settlers, So that those are the ones that 376 00:39:51.360 --> 00:39:55.880 you mentioned again, just retreate. Is there recommendation it's not advisory. No, 377 00:39:55.960 --> 00:40:00.360 it's not offered to buy your sell past performance. It's not a future 378 00:40:00.400 --> 00:40:05.440 performance. And investing in stocks is very very risky. Just put that out 379 00:40:05.480 --> 00:40:08.639 there. So any any other commental mixer or should we then move now to 380 00:40:08.840 --> 00:40:15.440 the foreign stocks? No? I think it's fine, gotcha, I think 381 00:40:15.480 --> 00:40:21.199 that's quite question. Online a thing for any the stocks. That's where the 382 00:40:21.639 --> 00:40:28.639 non footage stocks are listed. There's some top stocks. One code and produce 383 00:40:29.199 --> 00:40:35.000 the pig. It's new. They've also been doing very well. There's one 384 00:40:35.079 --> 00:40:40.440 O company others compaying the inspiration that they're doing well. So it's it's what 385 00:40:40.760 --> 00:40:45.559 will always just advice where you have look at work are their past results? 386 00:40:45.519 --> 00:40:49.840 Just look at it's it's published, Look at that it's doing very well. 387 00:40:50.360 --> 00:40:54.280 Look at their past results and if that will give you an idea that if 388 00:40:54.280 --> 00:40:59.840 they are profitable over the years and they've been really bidden, then it's also 389 00:41:00.079 --> 00:41:02.679 stop to look and for you to look into you know, like you mentioned 390 00:41:02.800 --> 00:41:07.760 that's before rasters. We know that what's dragged them to the negative shoulders is 391 00:41:07.880 --> 00:41:13.199 because of the effects for you. But when you check their tone over it's 392 00:41:13.239 --> 00:41:16.320 still very high miss business and still going. But because of one or two 393 00:41:16.400 --> 00:41:22.519 events in the country, Yeah, they have become unprofitable, which you know, 394 00:41:22.679 --> 00:41:27.880 as long as they continue to sell, they would also get out of 395 00:41:28.000 --> 00:41:30.400 the woods. That's an excellent Google commentary, sir, So I know I 396 00:41:30.440 --> 00:41:34.920 don't have it for a long time, so I'm really trying to I'm getting 397 00:41:35.000 --> 00:41:37.639 out of DM what's even looking at them, but also to get as much 398 00:41:37.639 --> 00:41:40.559 as we can from you. Tonight, let's go now to the foreign stocks. 399 00:41:42.039 --> 00:41:45.880 That's one of the sectors that we mentioned in our ast location. So 400 00:41:45.000 --> 00:41:49.639 what's what's what how do we are put for in stocks? Do we go 401 00:41:50.360 --> 00:41:53.159 ETF, do we go the mutual fund drought or do we go the individual 402 00:41:53.280 --> 00:41:57.199 route? Do we go high cap, low cap. What's your take on 403 00:41:57.280 --> 00:42:00.559 how in Nigeria and want to do the best five years, How should you 404 00:42:00.639 --> 00:42:02.840 approach foreign stocks? What? What's what? What's for in the first place? 405 00:42:05.119 --> 00:42:08.679 Okay, thanks, So when we talk about foreign stocks in this you 406 00:42:08.719 --> 00:42:14.960 are investing in stocks that are listed outside the country. But I think for 407 00:42:15.159 --> 00:42:21.280 now, for most of the platforms are available from Ninegeria give access mostly to 408 00:42:21.440 --> 00:42:25.000 US stocks. So when we're talking speaking from the Nineriana and most times when 409 00:42:25.039 --> 00:42:32.079 we talk about foreign stocks, you also have it gives your un mostly explore 410 00:42:32.159 --> 00:42:38.440 to US stocks and US and its. So if I'll look at if you 411 00:42:38.519 --> 00:42:44.320 are going to invest from two perspective, if you know you don't have more 412 00:42:44.519 --> 00:42:51.280 time to monitor the markets, you can do a fifty fifty. You look 413 00:42:51.360 --> 00:42:58.400 at the top five stocks on the based on even market cover department because lives 414 00:42:58.440 --> 00:43:04.519 of Apple perstealer Google, you you want to put steady half in that. 415 00:43:04.679 --> 00:43:09.000 Then you look at maybe you want to invest in the ETFs like this and 416 00:43:09.199 --> 00:43:15.960 the five hundreds. Then there's the banger five dread also did well, lasted 417 00:43:15.960 --> 00:43:21.079 almost twenty percent and lasted Yeah, so you you also want to invest in 418 00:43:21.199 --> 00:43:23.639 that. And if you don't have time at all. You can just look 419 00:43:23.679 --> 00:43:30.440 at the ETFs, you know, like the ETFs provers summer sector specific. 420 00:43:30.840 --> 00:43:35.840 You want to be in the technology space. You want to invest in thetfs 421 00:43:36.239 --> 00:43:42.800 covering technology. They talk the tesktops that the Anger five hundreds or the usher 422 00:43:42.880 --> 00:43:45.400 index you want to invest in. So what are consist in the market is 423 00:43:45.440 --> 00:43:51.559 doing well? Of Marcady you're also paying nefitting and most of the cts also 424 00:43:51.639 --> 00:43:55.960 pay division. I know because I'm also invested in them, so they pay 425 00:43:57.000 --> 00:44:00.079 division. So you can look at that. But if you feel you have 426 00:44:00.239 --> 00:44:06.119 the time, you can look at stocks within the electric Bible space. We 427 00:44:06.280 --> 00:44:09.440 know that they're still lots that are going into the NORD and the renewable, 428 00:44:09.880 --> 00:44:17.159 A lot of support within the spaend likes of of of Estler. You still 429 00:44:17.199 --> 00:44:23.639 feel that would will present good opportunities. Start within the AI space would also 430 00:44:24.320 --> 00:44:30.719 present opportunities. You have the apl the you have. I think the Googogle 431 00:44:30.840 --> 00:44:37.599 is also going into into a high. You want to look at that charging 432 00:44:37.719 --> 00:44:43.960 stations. I feel that at least the top ones that are well known the 433 00:44:44.119 --> 00:44:47.400 charging point IV go most of them have I really done. I've gone down 434 00:44:47.960 --> 00:44:52.159 and it's when they are down that you feel as long as you look at 435 00:44:52.239 --> 00:44:59.320 the business opportunities that still remain, you can buy it. So talk about 436 00:44:59.480 --> 00:45:06.679 the renew the evs and Lucid in the US. It's also he's talking wants 437 00:45:06.760 --> 00:45:12.199 to reveal and invest in and do I want to have a bit of exposure 438 00:45:12.320 --> 00:45:16.039 to you don't want to buy the direct people who see their stalks like Mara 439 00:45:16.719 --> 00:45:25.079 and it's the guitar. It's bits that tracks and it's going that that traps 440 00:45:25.119 --> 00:45:30.519 them. It's going that you can also invest in. So that's what I 441 00:45:30.559 --> 00:45:36.880 would say about the foreign foreign stots. Okay, so I have that in 442 00:45:37.000 --> 00:45:42.639 the The key thing here you mentioned says the exchange traded funds ETFs, which 443 00:45:42.719 --> 00:45:47.280 allows us to diversify our holdings at a very very cheap cost. So details 444 00:45:47.320 --> 00:45:51.920 are like you need to trust the mutual funds, but you can trade them 445 00:45:52.199 --> 00:45:53.599 during the day more or less. Right, And you buy me like you 446 00:45:53.639 --> 00:46:00.400 said, you buy one Vanguard ETF expense which is less than ten percent, 447 00:46:00.719 --> 00:46:04.840 right, but you get exposure to your top five stocks in America, the 448 00:46:04.960 --> 00:46:07.679 apples, the testlas and again, like you said, if you don't know 449 00:46:07.760 --> 00:46:12.840 what to do, go with the professionals go to ETF route. You mentioned 450 00:46:12.880 --> 00:46:17.239 renewables, like the ETF like that target renewables and the tech sector. So 451 00:46:17.480 --> 00:46:20.920 like I always tell people, start from the top, right, start from 452 00:46:20.920 --> 00:46:23.280 the top. So you do us, then you can then go maybe a 453 00:46:23.440 --> 00:46:28.559 large cap. Then you can then go to your specific sectors before you go 454 00:46:28.639 --> 00:46:31.360 to your specific companies. Because you don't have the money to buy one stock 455 00:46:31.400 --> 00:46:36.239 of Test that is nearly two hundred few dollars right, just one stock of 456 00:46:36.280 --> 00:46:40.119 Tesla, But with twenty five dollars you could buy a fractional SHEF and ETF 457 00:46:40.239 --> 00:46:45.400 say VTI that tracks about forty forty five hundred individual stock. So for you, 458 00:46:45.559 --> 00:46:50.119 it's dippecification and all that kind of stuff beside. So the last one 459 00:46:50.119 --> 00:46:53.599 we're going to really talk about is you mentioned gold. You mentioned crypto, 460 00:46:53.639 --> 00:46:57.760 You mentioned talk about crypto right now, this for in space. But let's 461 00:46:57.800 --> 00:47:00.800 talk about gold. So how do I buy gold? You know, I 462 00:47:00.880 --> 00:47:04.079 went to the States and I went to the partmental store I think was Costco 463 00:47:04.599 --> 00:47:07.920 and they were literally selling gold bars. So you went, you can go 464 00:47:07.000 --> 00:47:13.119 to the parpal store and you can buy gold bars from Costco literally gold. 465 00:47:13.559 --> 00:47:15.880 But how can an investor in Nigeria that can come to a store in America. 466 00:47:15.960 --> 00:47:20.760 How can you investor get exposure to that gold sort of heh that ports 467 00:47:20.800 --> 00:47:29.519 for yourself. Okay, thanks so in also in Nigeria and every song wilso 468 00:47:29.599 --> 00:47:36.599 remind me. I know there's there's a gold fund new new gold ETF new 469 00:47:36.679 --> 00:47:38.599 god e t F. Yeah, thanks so much here in gold ets. 470 00:47:38.840 --> 00:47:43.559 But if you also want to go route, there is also a gold ETF 471 00:47:44.480 --> 00:47:51.480 listed on the last Nada. I think you can also buy that through most 472 00:47:51.519 --> 00:47:57.400 of the platforms that is access to US I use access to US stocks, 473 00:47:57.840 --> 00:48:00.800 so you can also buy that there your buying your US stop or you're buying 474 00:48:00.840 --> 00:48:07.119 your ETFs. So to access those said for a stop foreign its the ets 475 00:48:07.400 --> 00:48:13.960 is true. The platforms that can give you that gives you access to the 476 00:48:14.159 --> 00:48:20.760 US stops. Okay, alright, so I got you so now, So 477 00:48:20.800 --> 00:48:22.119 I just want to see if I can just take all these questions that are 478 00:48:22.159 --> 00:48:24.440 popping up. I won't look at them now, but I won't just maybe 479 00:48:24.559 --> 00:48:30.039 start to take them on so we can sort of get the crowd integrated. 480 00:48:30.079 --> 00:48:32.639 If you've been listening, guys, I was moving mister ayodig Ebo. He's 481 00:48:32.719 --> 00:48:38.679 the he leads Optimus from after Investor. He's the chief business officer. So 482 00:48:38.719 --> 00:48:42.599 I'll have to ask you about what chief business officer does. I have to 483 00:48:42.679 --> 00:48:45.079 come back and ask you about that specifically. So if you've been following give 484 00:48:45.159 --> 00:48:52.159 us his portfolio on how as in Nigerian with a five year investment horizon, 485 00:48:52.599 --> 00:48:55.280 how should you approach that investment. He's given that to us, right and 486 00:48:55.559 --> 00:48:59.920 again it's not advisory. But what I'm taking from it is I'm learning you 487 00:49:00.079 --> 00:49:02.159 you options on where a should put my money, so you don't have to 488 00:49:02.199 --> 00:49:07.039 have a five or two year but he's giving you options. And of course 489 00:49:07.039 --> 00:49:12.320 you can have is approaching the market forty percent Nigerian bonds giving you income, 490 00:49:12.800 --> 00:49:19.360 twenty percent foreign bonds, hedging that Nigerian fixed income exposure, trains put in 491 00:49:19.400 --> 00:49:24.039 Nigian equities for niger inflation to ten percent foreign equities to hedge a Nigerian position 492 00:49:24.119 --> 00:49:28.480 and also to give you income. The look at crypto, look at a 493 00:49:28.639 --> 00:49:32.639 goal protecting the entire portfolio with shock up servers there so they're very very tidy, 494 00:49:32.920 --> 00:49:37.079 well taught op portfolio. So let's now go into the guys. I 495 00:49:37.159 --> 00:49:39.760 want to ask questions. Thanks for hanging out with me so Much's let's start 496 00:49:39.800 --> 00:49:45.960 with everything, so let's keep it short. We have a ton of put 497 00:49:45.039 --> 00:49:49.119 on ask questions, and I would have mister Eppel here for a very short 498 00:49:49.199 --> 00:49:52.880 time. So great, sir, Oh, thank you for thank you, 499 00:49:53.719 --> 00:50:01.360 thanks for the time. Beautiful space actually did come up in before he went 500 00:50:01.559 --> 00:50:07.360 down the rabbit hole of what he wanted to say to ask about the bitcoin 501 00:50:07.480 --> 00:50:13.719 atf actually allow your thoughts were on that, but probably I could just direct 502 00:50:13.719 --> 00:50:22.960 the question to Stodgy and ask him personally if after Vest does have a bitcoin 503 00:50:22.079 --> 00:50:31.679 strategy bitcoint particularly strategy because of the fact that it's worth majorly this so real 504 00:50:31.719 --> 00:50:36.559 well funds and plans on firms and you know black ops on the grip of 505 00:50:36.639 --> 00:50:40.760 them are really considering at the moment. So does I think of us have 506 00:50:42.000 --> 00:50:47.760 a particularly bitcoint strategy or is it just crypto in general? And even that 507 00:50:47.920 --> 00:50:54.199 you are much of a technology believer. I just wanted to know why your 508 00:50:54.639 --> 00:51:01.760 conservative nature of five percent for cryptocurrent see is that way if you can sort 509 00:51:01.760 --> 00:51:07.000 of expand on that, I think this is my short version of questions I 510 00:51:07.039 --> 00:51:09.920 have. So you just particularly touch on the big contif per se, which 511 00:51:09.960 --> 00:51:13.440 one would you? Have you looked into you? Have you looked into like 512 00:51:13.519 --> 00:51:16.800 the atiquity? Have you looked into the like? Have you read to trust 513 00:51:16.880 --> 00:51:21.639 as well? A lot of that time, I know probably with Lidia House, 514 00:51:21.679 --> 00:51:24.599 I don't know. If you touch on particular, you can also touch 515 00:51:24.639 --> 00:51:31.880 on whether or not after invest is looking that way because okay, thank you, 516 00:51:32.400 --> 00:51:36.599 thank you, go ahead and start. Okay, okay, thanks. 517 00:51:37.199 --> 00:51:42.800 I think I have my my friend yeh, who is speak more than the 518 00:51:43.360 --> 00:51:46.360 cop is the next pert in that space. But based on the strategy for 519 00:51:46.719 --> 00:51:51.920 use or the apprivers, you know, where you look at stratedy would only 520 00:51:52.039 --> 00:51:57.159 tie into policies. So it's less than two a three weeks that the government 521 00:51:57.360 --> 00:52:04.039 and is now admitting the prey of cypocurrency and like on the optimus by our 522 00:52:04.119 --> 00:52:08.599 previous platform, we is something that is there are not being coned on. 523 00:52:08.960 --> 00:52:13.679 It's only Wendy you feel that the policy is right and as we go on 524 00:52:13.840 --> 00:52:17.719 within the year that would also be found from the US not be condom kind 525 00:52:17.760 --> 00:52:24.679 of this month. So that's that's what we believe. Policies first and it's 526 00:52:24.760 --> 00:52:31.039 good at the ucipient new civilian management. But put it that way, we're 527 00:52:31.039 --> 00:52:37.679 saying that's an area that can help retain effects within the country because we all 528 00:52:37.800 --> 00:52:45.039 still trade when was but we are still were trading heavily through other other platforms, 529 00:52:45.079 --> 00:52:50.679 so that would really help and Wi Fi designs. It's because this is 530 00:52:50.800 --> 00:52:55.800 like a very conservative like portfolio, your ex apetit. You can move things 531 00:52:55.840 --> 00:53:02.719 around in terms of percentages if you know based on the risk that's the risk 532 00:53:02.880 --> 00:53:08.280 level of ollerands that you have your understanding. A lot of people you know 533 00:53:08.400 --> 00:53:13.400 in crypto currency you can lose your ships if you don't understand how it works. 534 00:53:14.039 --> 00:53:17.320 So but you can also make a lot of money and there if you 535 00:53:17.440 --> 00:53:22.559 understand how you work. So I think I will just because I can say 536 00:53:22.639 --> 00:53:25.760 even a lot of questions, I'll be getting responses very short, so we 537 00:53:25.840 --> 00:53:30.159 can cover much ground. Thank you, Thank you, sir. I think 538 00:53:31.000 --> 00:53:34.800 we'll just we'll just leave it that that and maybe Olimiy didn't want to speak 539 00:53:35.239 --> 00:53:37.920 anything, not just on aving investor in terms of maybe the Francise sector and 540 00:53:38.039 --> 00:53:43.159 crypto. I know we're expecting that you were ruling on crypto anytime soon. 541 00:53:43.920 --> 00:53:47.000 Is anything we should know about as an investor. Five percent crypto if anything 542 00:53:47.000 --> 00:53:54.840 want to say on that? Yeah, I took into very interesting and so 543 00:53:55.000 --> 00:54:01.960 mister I was asking me if you wanted to expansionate on the question by everything 544 00:54:01.960 --> 00:54:07.519 that everything's touching on in terms of the five percent rules that you did and 545 00:54:07.599 --> 00:54:10.079 also the ruling were expected from the U s SEC on crypto, if that 546 00:54:10.199 --> 00:54:14.519 was going to be make an impact if for instance, US is we can 547 00:54:14.639 --> 00:54:19.079 that US banks or US IT just can now do the spot ETF Will that 548 00:54:19.360 --> 00:54:21.840 change your pot for you? So I look need to touch on that and 549 00:54:21.960 --> 00:54:29.039 all that, Okay, I can hear you. Okay, So I think 550 00:54:29.079 --> 00:54:37.360 that pretty much very comprehensive investment strategy for different of the type. But I 551 00:54:37.440 --> 00:54:43.599 think I want to just so if we look at and I'll be very if 552 00:54:43.639 --> 00:54:51.239 you look at the team of the pace about it only rightcause that mission you 553 00:54:51.360 --> 00:54:53.599 are at the lowest level. You look at brackets and that you are musing 554 00:54:54.239 --> 00:55:00.440 and it's parts and data. So pretty much it tells me that you don't 555 00:55:00.440 --> 00:55:05.159 have lawsy for excessive risks. So I want to putting in the crypto or 556 00:55:05.239 --> 00:55:08.360 higher risk asses. So what I'm I looking at, I'm looking at opportunities 557 00:55:08.400 --> 00:55:13.239 that would make me write to Trent the next five years. So I will 558 00:55:13.320 --> 00:55:16.920 divide my profle into two and basically I'll keep it simple depending on my appification. 559 00:55:17.400 --> 00:55:22.039 If I'm like I order you for example, that tailor approach with definitely 560 00:55:22.639 --> 00:55:28.400 make you human because what's trying to do is that just in case and I 561 00:55:28.519 --> 00:55:34.639 said this, if I wait on that price, that diversification definitely blow search 562 00:55:36.000 --> 00:55:39.079 and negative to frenship. But we don't have that lugs three with eight hundred 563 00:55:39.119 --> 00:55:44.519 dollars in retam, so five years, well I'll do is that output one 564 00:55:44.599 --> 00:55:49.920 undreading government bonds with for the listen of the big boys that are coming on 565 00:55:50.079 --> 00:55:54.880 the nngs and definitely put my money into once it comes. So while I'm 566 00:55:54.960 --> 00:55:59.880 waiting, I get interested, I'll look at you sbox for example, I 567 00:56:00.119 --> 00:56:04.360 can't afford to pay details because of commissions. I can for that money is 568 00:56:04.599 --> 00:56:07.519 so useful me to make a difference on Grood the next five years. So 569 00:56:07.800 --> 00:56:12.800 I'm really looking at stocks that we really right in the next five years. 570 00:56:12.840 --> 00:56:15.960 So right now I think it's defensive stocks for me. Defensive stocks that health 571 00:56:15.960 --> 00:56:20.559 stocks are utility. If we look at our last year, they did very 572 00:56:20.639 --> 00:56:25.960 badly because of those suits. They had MDI issues. I don't want to 573 00:56:27.039 --> 00:56:30.280 compass plant names, but I'm particularly writing on that with the cases of the 574 00:56:31.039 --> 00:56:37.159 more this is outbreak, the cases of population Groods, We're definiteical to see 575 00:56:37.280 --> 00:56:50.159 demand and Generica drugs becoming less more competitive, even though the city weation tigers 576 00:56:50.199 --> 00:56:53.360 coming into playing that market as if the Americans have the edge. So definitely 577 00:56:53.920 --> 00:56:57.559 looking at those talks. And the reason is because if you look at the 578 00:56:57.639 --> 00:57:00.679 price there last year, three of the major what house books are love to 579 00:57:00.800 --> 00:57:06.000 be do so as if a different people and I know the others had that 580 00:57:06.679 --> 00:57:10.320 definity, I would get a pillion at some point. So that's basically my 581 00:57:10.400 --> 00:57:15.199 strategy for crypto. With that amount of money. I don't think our advers 582 00:57:15.440 --> 00:57:19.360 want to put in because honestly, you can't buy you differently, bers are 583 00:57:19.400 --> 00:57:23.280 touchy or you buy and you know Cruto today, you've seen the market. 584 00:57:24.119 --> 00:57:29.360 He can go up. There can yes, over nest five years, it's 585 00:57:29.400 --> 00:57:37.159 still unclear. So I'm very particular about looking as less risky and basically received 586 00:57:37.519 --> 00:57:40.920 and high return investment. So that's my take. Cal I think that's a 587 00:57:40.960 --> 00:57:44.679 wonderful space. I think you touch on something I didn't want to touch on. 588 00:57:44.800 --> 00:57:47.599 It's one million iras. So it's not for the quote unquote pig boy. 589 00:57:47.719 --> 00:57:52.079 Sorry, it's for the folks that have money five hundred thousand, ten 590 00:57:52.199 --> 00:57:55.960 thousand I want to start to invest. I see, I'm sorry. It's 591 00:57:57.000 --> 00:58:00.280 a risk. It's a risk adjusted, very very afflo for a reason. 592 00:58:00.800 --> 00:58:04.280 If you lose that one million, I'm not sure you might get that woman 593 00:58:04.320 --> 00:58:07.960 on back tomorrow. So it is not for the guys that are very substicated. 594 00:58:07.960 --> 00:58:12.360 It's a very very simple portfolio, something you can build on because you 595 00:58:12.519 --> 00:58:15.840 are. It's a risk adjusted, very very conciliar astly where he's going to 596 00:58:15.920 --> 00:58:20.760 limited. Thanks for giving that clarity. I hear he's saying, health talks, 597 00:58:20.880 --> 00:58:23.519 defensive stocks and all that. Good call. Let's just run through the 598 00:58:23.559 --> 00:58:28.559 table. Austin, go ahead, sir, Austin shild to be very sure 599 00:58:28.599 --> 00:58:31.599 to build a very direct asks the question. Austin, go ahead, Austin 600 00:58:31.719 --> 00:58:39.519 going once, Austin going twice. Tech technocrats please go ahead, Technocrats going 601 00:58:39.639 --> 00:58:45.599 once. Tnkard going twice. Shwi boo bee shrieb Benjamin, please go ahead, 602 00:58:45.599 --> 00:58:59.079 sir, go ahead. All right, thank you, thank you for 603 00:58:59.199 --> 00:59:06.079 this privilege. I won't send you a message on how to invest my one 604 00:59:06.159 --> 00:59:13.840 millionaire and you reply that you don't give investment advice. So I'm so happy 605 00:59:13.960 --> 00:59:21.480 that this spaces of disabling and it's helping me already. If I decided to 606 00:59:21.599 --> 00:59:30.880 invest my one millionaire in uh, I fixed it called maybe a place where 607 00:59:30.920 --> 00:59:37.599 I can give maybe. Uh this we fixed dn't without any form of risk? 608 00:59:39.199 --> 00:59:46.000 Is it okay that way? Uh? Yes, mister is dropping on 609 00:59:46.519 --> 00:59:50.239 answer about it comes up? You know when when you do look at it 610 00:59:50.320 --> 00:59:52.280 this way, its treble right. There are only two ways you can invest. 611 00:59:52.480 --> 00:59:55.679 Only two ways you can invest. You can invest what we call fixed 612 00:59:55.719 --> 01:00:01.039 income and you can invest what we call variable income. When you do fixed 613 01:00:01.119 --> 01:00:06.199 income, that means you are sure of the returns you are going to get. 614 01:00:07.000 --> 01:00:09.559 But because you are sure of what you're going to get, your returns 615 01:00:09.599 --> 01:00:15.440 are kind of lower than if you invested in what we call variable income, 616 01:00:15.719 --> 01:00:17.840 which is investing in a share. So for instance, you have a farmer. 617 01:00:17.960 --> 01:00:22.280 Your farmer come to you and says, I'm going to sell maize by 618 01:00:22.320 --> 01:00:25.360 the endly farm in a year. Borrow me one million error and I will 619 01:00:25.400 --> 01:00:30.719 give you ten percent fixed. So you brought that from a one million He 620 01:00:30.840 --> 01:00:35.360 gives you one million, one hundred fixed ten percent. You don't care whether 621 01:00:35.400 --> 01:00:37.480 he makes a loss of you make your temper cent. But what if the 622 01:00:37.559 --> 01:00:42.679 farmer that's fixed income. But the farmer can say, borrow me one million, 623 01:00:43.360 --> 01:00:46.119 and when I sell my maize, I will give you ten percent of 624 01:00:46.400 --> 01:00:52.559 the profits I make. What means you are investing in the profit and loss 625 01:00:52.679 --> 01:00:55.639 of that farmer. So in this case, you can make one hundred million 626 01:00:55.800 --> 01:00:59.719 if the farmer sells is mazed whatever happens, right, or you can make 627 01:00:59.840 --> 01:01:05.039 er What if deformers will get eaten by pests. That's equities. When you 628 01:01:05.119 --> 01:01:08.679 invest in equities, you are investing in risk and reworld. If you invest 629 01:01:08.800 --> 01:01:13.239 in debt, you are going to get your money show, but the returns 630 01:01:13.360 --> 01:01:15.920 will not be as high as equities. So if you as a younger man, 631 01:01:16.480 --> 01:01:20.079 as a younger person, right, that's why we chose thirty year roads. 632 01:01:20.119 --> 01:01:24.519 You are looking to accumulate your assets. You want to grow your assets 633 01:01:25.039 --> 01:01:29.440 because you still a lot of time. You want to grow those assets so 634 01:01:29.440 --> 01:01:32.079 that they can pay you as you are living, right, So you want 635 01:01:32.119 --> 01:01:37.400 to look for ways you can grow that money that is up to your risk 636 01:01:37.199 --> 01:01:42.360 appetite. That's why if you invest in equities, you are allowing your money 637 01:01:42.400 --> 01:01:46.679 to appreciate. But if you invest in fixed income, your money, your 638 01:01:46.960 --> 01:01:53.039 interest is paid to you, but your principle would not appreciate. You see 639 01:01:53.079 --> 01:01:59.920 it. So fixed income only gives you return on your money. Equities give 640 01:01:59.960 --> 01:02:05.519 you return off off the principal itself. So it's good to do a balance 641 01:02:06.079 --> 01:02:08.760 so you don't lose your principle, but you allow your money time to grow. 642 01:02:08.800 --> 01:02:14.559 Does that make I try to compress investment in just a few sentences that. 643 01:02:15.079 --> 01:02:19.159 Do you have a sense of what I'm saying? Yes, sir, 644 01:02:19.360 --> 01:02:22.800 yes, sir? Okay, yeah, please if you, if you, 645 01:02:22.920 --> 01:02:27.360 if you can go online, try to google where would I invest one million? 646 01:02:28.159 --> 01:02:30.079 I write for neurometrics. You will see this article I write. It's 647 01:02:30.079 --> 01:02:34.079 almost every year. Try to google I invest one million? And I'm also 648 01:02:34.159 --> 01:02:37.760 going to share this article also as well. And also this just recording and 649 01:02:37.920 --> 01:02:42.480 try to understand what the point is making. Don't focus on the individual investment. 650 01:02:42.880 --> 01:02:45.280 Try to understand the concept of what the idea is talking about. How 651 01:02:45.360 --> 01:02:51.079 you draw up a plan according to who you are and invest are quality your 652 01:02:51.119 --> 01:02:53.840 objectives, not according to retterms. That's the one thing you want take on 653 01:02:53.960 --> 01:03:00.840 this trible Yeah, all right, super practice, thank you, all right, 654 01:03:00.920 --> 01:03:07.960 super let's get mister god o god please go ahead. Okay, look 655 01:03:08.199 --> 01:03:12.719 you could go going once, you could go to going twice. Oh look 656 01:03:12.800 --> 01:03:16.920 tell me men move dude, please go ahead. I can hear you. 657 01:03:17.039 --> 01:03:21.679 Please go ahead, tell me hold on, you can go ahead. Yeah, 658 01:03:22.119 --> 01:03:27.559 thank you, mister Carlo. So it's an interesting topic. We got 659 01:03:27.679 --> 01:03:34.320 here and as i'd investor, I've been investing in the Nineeran stock since two 660 01:03:34.360 --> 01:03:38.760 thousand and seven, but when I left the country, I discovered that it 661 01:03:39.000 --> 01:03:45.880 was really very difficult to assess most of the stocks I've got when I was 662 01:03:45.039 --> 01:03:52.760 by Injuria. So my contribution to this discourse is how can we create an 663 01:03:52.880 --> 01:03:59.519 enabling environment for Nigerians at home and in the hospora to invest in the nine 664 01:03:59.639 --> 01:04:04.519 Urans stock market from any part of the world where they live or reside. 665 01:04:05.400 --> 01:04:13.559 Like here in the United States, we have apps like all right, okay, 666 01:04:13.760 --> 01:04:16.400 just just just just for t I think in Nigeria we have lots of 667 01:04:16.519 --> 01:04:20.599 apps that now allow you from when when you are in the world to buy 668 01:04:20.880 --> 01:04:27.239 into niger stock market. Most of the big stoproking of Niger are all online. 669 01:04:27.400 --> 01:04:29.920 Most of them, if you pick any big ones, they all have 670 01:04:30.119 --> 01:04:34.000 online portals. They are also apps that are not stock brokers, but there 671 01:04:34.000 --> 01:04:40.800 are licensed by the Secrets and Exchange Commission to trade stocks. So and mister 672 01:04:40.840 --> 01:04:44.400 I only mentioned a few calorie wise, you know and all that they're all 673 01:04:44.480 --> 01:04:47.880 there. Piggy Vests even said that they allow you to trade and maintain a 674 01:04:48.000 --> 01:04:53.000 portfolio of abroad. I think all they want is you have to upload a 675 01:04:53.119 --> 01:04:57.639 KISE documents, either a driver's license or something to show who you are. 676 01:04:58.079 --> 01:05:00.760 Then you open an account online and you can trade. You can fund your 677 01:05:00.800 --> 01:05:04.400 account and you can trade. So it's it is available, not k IF. 678 01:05:04.639 --> 01:05:09.199 And if you send me DM or whatever, you would get lots of 679 01:05:09.280 --> 01:05:15.199 that does also Google online you'll see terms of marriage, term optimus, csl 680 01:05:15.880 --> 01:05:18.320 f C, mb ibyt C. They all have online portals that allow you 681 01:05:18.400 --> 01:05:23.800 to open an account or lolok yc documents, fund your account and start to 682 01:05:23.880 --> 01:05:31.920 trade. Makes sense. Stone is those stocks that I'm talking about now, 683 01:05:32.599 --> 01:05:41.760 and this organization also helped to recover them. Good question, I can hear 684 01:05:41.800 --> 01:05:45.480 you perfectly. I think what what you should try to do sir? Right 685 01:05:45.960 --> 01:05:49.559 if you get this stock broker. They can go to the registrar, the 686 01:05:49.760 --> 01:05:54.079 registrar of the companies where you bought the stocks. In right, you can 687 01:05:54.320 --> 01:06:00.400 mandate a stockbroker to go and collect your past dividends and your past echo and 688 01:06:00.519 --> 01:06:04.639 maybe the bonus certificates. They would ask you for identification, they might charge 689 01:06:04.679 --> 01:06:08.679 you. They will go there because it's all in there. They would print 690 01:06:08.760 --> 01:06:13.360 out your past dividends if possible, print out your divid your bonus if possible, 691 01:06:13.400 --> 01:06:15.639 and give it to that broker to then put into your c s CS 692 01:06:16.119 --> 01:06:19.440 stim on your behalf. So I will say contact the stockbroker and say, 693 01:06:19.480 --> 01:06:23.679 hey, this is my problem. I'm invested in the past, and say 694 01:06:24.119 --> 01:06:28.800 Nigerian breweries they have a registrar. They will go to register of Nigeriam Breweries 695 01:06:28.840 --> 01:06:33.559 with your mandates and your ID and try to get your past certificates and bonuses 696 01:06:33.639 --> 01:06:36.719 and pay into a C s S to lopen for you. So the anside 697 01:06:36.760 --> 01:06:42.039 is, yes, just come to mister, get the stockbroker and then go 698 01:06:42.079 --> 01:06:47.159 ahead with them because I work. Can we gotta go. I'm trying to 699 01:06:47.199 --> 01:06:50.880 speak ye, all right, I got a look, tell me send me 700 01:06:50.920 --> 01:06:54.360 a d MK, send me a DM. I'll make sure, I anside. 701 01:06:54.400 --> 01:06:56.519 Oh look tell me how are you doing? Please go ahead, look 702 01:06:56.519 --> 01:07:02.960 tell me. So I just want to actually opening about investing a first commodity. 703 01:07:05.840 --> 01:07:12.519 Yeah, sometimes there's an investment option on my mind. But little they 704 01:07:12.599 --> 01:07:17.440 said much about mister she's asked about commodities in general afflections particular, what's your 705 01:07:17.480 --> 01:07:26.280 takes up? Okay, thanks sodentally. I've also invested in it and I 706 01:07:26.880 --> 01:07:32.280 made money and exited. Then I think it's also an investment doction to consider. 707 01:07:33.199 --> 01:07:36.079 But it's easy and so you need to understand when you are coming in 708 01:07:38.800 --> 01:07:43.400 and do something you can also do for the long term. It's it's also 709 01:07:43.480 --> 01:07:46.239 good. And they also have like an app where you can eased the access 710 01:07:47.039 --> 01:07:56.159 and purchase the hormodities. So yeah, Rise Party and Covert inmates. Yeah, 711 01:07:56.639 --> 01:08:00.559 so I don't think it's Yeah, I found that so all that a 712 01:08:00.639 --> 01:08:08.599 stock broken houses. That's the bitty houses that tend to do books both the 713 01:08:08.719 --> 01:08:17.439 aftersialities. We have an examples of some educations and that no, so are 714 01:08:17.439 --> 01:08:21.000 the insitutional level. So you know we called B two be that they do 715 01:08:21.680 --> 01:08:28.279 and the B two see so they use the mobile app for if you're doing 716 01:08:28.359 --> 01:08:32.720 the the bit two B that you want to purchase in being bits but for 717 01:08:32.880 --> 01:08:38.039 the as already bit to see so the bit to B it's more fixed income. 718 01:08:38.239 --> 01:08:42.920 So maybe they need to raise about two billion they want to fund purchase 719 01:08:43.000 --> 01:08:48.479 of commodity in book. Yeah, there are fans that the lives of because 720 01:08:48.479 --> 01:08:54.680 it's not the public. I've only speak about a invest to us as we 721 01:08:54.840 --> 01:08:59.119 have relationship with them. I would want to speak about other than because it's 722 01:08:59.159 --> 01:09:03.960 not like the public that public for those partnership with them, but you can 723 01:09:04.000 --> 01:09:11.880 also reach out to effects themselves. It's also a table organization. They are 724 01:09:11.920 --> 01:09:15.600 regulated by the Securities and Exchange Information. Yeah, I think it's that I 725 01:09:15.640 --> 01:09:20.840 think if actually have that license. Yeah, they have that license to do 726 01:09:21.079 --> 01:09:25.920 commodities, and they've been there in that space for a long time. They 727 01:09:26.039 --> 01:09:29.079 know what they're doing. It's not just to trade. They have the warehouses, 728 01:09:29.199 --> 01:09:31.560 they have the connections like that, they have the app. You can 729 01:09:31.640 --> 01:09:35.600 actually invest money on that app. You can trade on that app. You 730 01:09:35.680 --> 01:09:40.560 can see price movements. So if you want to do commodities, the rights 731 01:09:40.680 --> 01:09:43.399 part of the COCO, that's your bet to go to. You know, 732 01:09:43.840 --> 01:09:45.600 you can say you want to do it. What they call boost that you 733 01:09:45.760 --> 01:09:49.680 on that fem but it's easy to just go to to effects. I've had 734 01:09:49.720 --> 01:09:55.039 them here many times in the past and they've been fantastic. So it's very 735 01:09:55.119 --> 01:09:59.000 very good to do. On correlated investments. You know you are buying as 736 01:09:59.199 --> 01:10:01.399 are not call it to government bodjets. You know means will sell, you 737 01:10:01.439 --> 01:10:04.399 know, ginger will sell things like that. So I would say, if 738 01:10:04.439 --> 01:10:09.359 you want to go into that space to die pacify that portfolio is a good 739 01:10:09.399 --> 01:10:15.880 idea, just diversification to me. You're very welcome. Yeah, let me 740 01:10:15.960 --> 01:10:20.319 get by your biology biology go ahead, Yeah, good even good living here 741 01:10:20.319 --> 01:10:26.560 everyone. Thank you mister Calu for the opportunity. My question is actually about 742 01:10:27.279 --> 01:10:32.239 the percentage in the five year horizon infection age for Nigerian stocks. So I 743 01:10:32.279 --> 01:10:35.359 can see said that they are located here. But I was looking at the 744 01:10:35.520 --> 01:10:40.399 all shar index of the Nigeria Stock Exchange and I can see it in the 745 01:10:40.600 --> 01:10:45.000 overboat region. So I'm thinking like, would you be advisable to, for 746 01:10:45.119 --> 01:10:48.960 example, increase my portfolio in bonds. Then as I give my interest, 747 01:10:49.439 --> 01:10:56.520 I cannot time my entry towards the market's correction. Nigia Stock Exchange that it's 748 01:10:56.680 --> 01:11:00.039 a bad world. It's that time. So that's a hard an investment. 749 01:11:00.199 --> 01:11:02.880 I hear a question. It's a very good question. But let me just 750 01:11:02.960 --> 01:11:08.720 say before mister, I answers overall, try not to time. When you 751 01:11:08.840 --> 01:11:12.680 go into the market, pick your sector, pick you, or pick your 752 01:11:12.720 --> 01:11:16.439 objective. Then pick your asset to match your objective. So, if you 753 01:11:16.560 --> 01:11:19.880 are younger, this is rule. It's not it's not a law. It's 754 01:11:19.960 --> 01:11:24.960 a rule. They say minus one hundred from your age and the larger amount 755 01:11:25.119 --> 01:11:28.720 to being fit in in equities. Right, So as a younger person, 756 01:11:29.319 --> 01:11:34.000 your objective overall, this is the average right, is to generally grow or 757 01:11:34.079 --> 01:11:39.319 to know to expand your principle. You want to grow the principle. You 758 01:11:39.319 --> 01:11:44.279 want to make one become ten. So the only asset class that does that 759 01:11:44.439 --> 01:11:47.720 for you is equities. You can invest in nira in the stock and that 760 01:11:47.920 --> 01:11:53.560 one era becomes too nira. It also becomes zero neira. But it can 761 01:11:53.640 --> 01:11:58.920 become too nira in equities. But when you buy bonds, your principle can 762 01:11:59.159 --> 01:12:03.359 never increase. Is what will happen is you get a return on your principle. 763 01:12:03.800 --> 01:12:09.560 So if equities are overbought and you're a younger person. If you change 764 01:12:09.800 --> 01:12:14.119 your your your objective has not changed, right, it's still you want to 765 01:12:14.199 --> 01:12:17.720 still appreciate your capital. If you then go to bonds, you are chasing 766 01:12:17.840 --> 01:12:23.840 returns. They're not chasing your objective. That's why you enter trouble. It's 767 01:12:23.840 --> 01:12:28.159 the same reason, the same reason. I could do cryptocurrency ninety percent, 768 01:12:28.720 --> 01:12:32.000 then time and come back to the top equity market when it see what I'm 769 01:12:32.000 --> 01:12:35.760 going to. If you are chasing returns, you will be chasing even crypto 770 01:12:36.239 --> 01:12:42.000 because crypto gives you a bigger return than equities that should protect you know, 771 01:12:42.079 --> 01:12:45.680 but they say one million are profitable. Let me see mister Aios if he 772 01:12:45.760 --> 01:12:48.399 has something to answer idea. If you had this question, cleric, no, 773 01:12:48.760 --> 01:12:56.319 I ad this question, and I think you answer it correctly. Iiming 774 01:12:56.880 --> 01:13:05.279 and markets most is it's becomes like you're trying to expect relad So if you're 775 01:13:05.319 --> 01:13:10.359 trying to invest, just if it's because you're looking at you the long term. 776 01:13:10.439 --> 01:13:15.319 Your market looks very as we say over board levels now, but you 777 01:13:15.479 --> 01:13:23.199 can if you're buying over the long the long term, and you're you're waiting, 778 01:13:23.319 --> 01:13:27.720 then there will be no problem. Even if you're buying their divan currently 779 01:13:27.920 --> 01:13:33.079 for they with their gut to pay dividend of three fifty for there's almost a 780 01:13:33.199 --> 01:13:38.760 percent. You still you're still being in the still be in the money and 781 01:13:38.880 --> 01:13:43.520 businesses continue to grow. Yeah, so if you want, you can take 782 01:13:43.560 --> 01:13:47.199 that position, you can. You can also you can take that position now. 783 01:13:47.399 --> 01:13:50.720 But if you spill you want to be one or two that's one or 784 01:13:50.720 --> 01:13:56.439 two months. We expect there should be a correction at this slike correction. 785 01:13:56.600 --> 01:14:00.079 Then you can just that fun you can, you can, you can on 786 01:14:00.239 --> 01:14:03.840 me, but always have that long term perspective. Those that are benefiting now 787 01:14:04.439 --> 01:14:11.359 and mostly those that were we need to go long term. Interesting, let 788 01:14:11.399 --> 01:14:15.039 me ask you, let me ask them this question. If if Monday wake 789 01:14:15.159 --> 01:14:21.399 up Monday morning and the us SEC announced that sports basic Bitcoin are now approved, 790 01:14:21.560 --> 01:14:28.359 is there any direct Naderian company or set that would automatically and immediately benefit 791 01:14:28.479 --> 01:14:32.039 from that decision in the US. What do you think? My good question? 792 01:14:32.479 --> 01:14:43.039 Uh, guarantee you know that's because you don't have any life or listed. 793 01:14:43.560 --> 01:14:48.079 The Drum Company by the cib Giant Gretation Commission. The hand Clip to 794 01:14:48.279 --> 01:14:55.760 Set Exposure, however, has gone to live in the space completely So we 795 01:14:55.880 --> 01:14:59.920 have banks already, my DRIM banks and fit their companies. I doesn't want 796 01:14:59.920 --> 01:15:01.800 to mentioned names, but we have I think about seven of them right now 797 01:15:02.439 --> 01:15:09.159 and three three existed and unsurprisingly, if you look at one of them is 798 01:15:09.279 --> 01:15:12.960 it's a two par In fact, it won't be best performing the two bank 799 01:15:13.039 --> 01:15:19.000 on the NGS after I went on back. So I'm very optimistic that such 800 01:15:20.000 --> 01:15:28.439 such positions will definitely applify blocking technology. However, it doesn't give any direct 801 01:15:29.800 --> 01:15:35.680 affilicity with what is going to happen capital market. This is because the Secret 802 01:15:36.000 --> 01:15:43.600 Commission i'll showed that they are interested in rebilitated security. That's why the new 803 01:15:43.680 --> 01:15:50.039 c ENGEN that is backed by denial has approval, have more identity about finance, 804 01:15:50.439 --> 01:15:57.159 bitch point or material. Okay, so by hey that if it's approved 805 01:15:57.199 --> 01:16:00.560 on the same Monday, you think the bank profit to go up, but 806 01:16:00.640 --> 01:16:02.920 it won't show up in the stock market. I'm not sure I got that 807 01:16:03.960 --> 01:16:11.479 clarifying. Well, I'm saying that indirectly it's going to happify. But if 808 01:16:11.520 --> 01:16:19.079 you have bands that have a feeling doctivity, the systems go writing traditional investments 809 01:16:19.359 --> 01:16:24.640 for me. Okay, yeah, that's what I mean. Okay, okay, 810 01:16:24.680 --> 01:16:26.720 I got you. Okay, let me get to see you. See 811 01:16:26.760 --> 01:16:32.600 you, you're hopping here, see Google, go ahead. I really expect 812 01:16:32.640 --> 01:16:35.199 you guys and listen to a lot of what you say and I I just 813 01:16:35.199 --> 01:16:39.520 want to ask a few questions. In terms of derivatives, it is impossible 814 01:16:39.600 --> 01:16:45.479 to enter the resis market with in terms of agride sectors and energy in Nigeria. 815 01:16:45.640 --> 01:16:51.439 So looking at futures options and cops, is it impossible that most of 816 01:16:51.479 --> 01:16:56.039 the time you want to protect yourself from those pressure risks and want to find 817 01:16:56.039 --> 01:17:00.880 out that's a possible venture for yourselfing thank you in germs he's an expert. 818 01:17:01.039 --> 01:17:04.239 Not yet, so I think we only have right issue and all that mister 819 01:17:04.560 --> 01:17:09.840 what he's talking about right and put sports all that kind of stuff. I 820 01:17:09.960 --> 01:17:14.560 don't think yes, then your next changes will work in the pride to I 821 01:17:14.600 --> 01:17:17.560 didn't launch one or two deribted, but he's still like up from being in 822 01:17:17.640 --> 01:17:24.800 Nigerians. It's not an area that is not an investment that may be available 823 01:17:25.079 --> 01:17:30.359 on the tip of your hands on platforms where you can live by Let me 824 01:17:30.359 --> 01:17:31.279 ask you, but see you, let me ask you a question. Are 825 01:17:31.279 --> 01:17:33.680 you trying to go are you going short or long? What I trying to 826 01:17:33.760 --> 01:17:45.279 head I'm looking to combine some kind of agree agree agriculture and captural intensive I've 827 01:17:45.279 --> 01:17:47.319 seeing with energy with Enron, so I'm trying to see if I can be 828 01:17:47.399 --> 01:17:51.239 able to merge that rights for arooked that the articles. I don't think rice 829 01:17:51.319 --> 01:17:57.199 has any futures or any type of price risk management, but I think natural 830 01:17:57.279 --> 01:18:00.920 gas. So I'm just trying to see if that's possible to put any kind 831 01:18:00.920 --> 01:18:05.039 of investment into that. I mean, you know, just to just keep 832 01:18:05.159 --> 01:18:10.000 my mind that most of we used to have these folks in Nigeria that were 833 01:18:10.039 --> 01:18:13.279 trying to do what you were saying, but it was fraudulent. I eithery 834 01:18:13.319 --> 01:18:17.039 were buying rice in February, March, April and then send the rise in 835 01:18:17.159 --> 01:18:23.159 December North December and more or less trying to you know, you could invest 836 01:18:23.319 --> 01:18:29.279 in them, and what you were actually buying was a put in January February 837 01:18:29.800 --> 01:18:32.359 and then a call in December November. They were actually doing that without knowing 838 01:18:32.399 --> 01:18:35.439 they were doing the derivative. So they were taking the excess of the market 839 01:18:35.960 --> 01:18:41.560 and releasing the excess bank to the market at various times to take that abitrait 840 01:18:41.640 --> 01:18:45.319 you're talking about, but in terms of that thing being regulated, no, 841 01:18:45.840 --> 01:18:48.560 and that's why you have the fraud. So people just saw their returns and 842 01:18:48.720 --> 01:18:54.760 put the money in and they did not have the rise to buy to meet 843 01:18:54.840 --> 01:18:58.359 those contracts. You know if something I mean, they had the idea. 844 01:18:59.239 --> 01:19:02.800 But the problem manager is the supply. If you hedge rice in Nigeria, 845 01:19:03.399 --> 01:19:06.720 the counterpart delivery, it's where you're going to have a problem with. So 846 01:19:06.920 --> 01:19:12.359 if someone's looking on to receive my rice, I want the contract to to 847 01:19:12.640 --> 01:19:15.920 to to come to fruition supply my rice, then you have a problem. 848 01:19:16.039 --> 01:19:21.640 But if it yeah due to the forward contract, if you do the futures, 849 01:19:21.680 --> 01:19:26.479 you have an exchange, then you can eliminate counterparties, but you don't 850 01:19:26.560 --> 01:19:30.439 have the underlining asset that you're going to build that contract on. It worth 851 01:19:30.479 --> 01:19:35.079 the problem because someone in Kevy will tell you I will give you rice in 852 01:19:35.239 --> 01:19:40.760 three months. You sell that forward or that future to a ted party. 853 01:19:41.239 --> 01:19:45.439 I'm saying that the actual rise in Keby is stock on the express road, 854 01:19:45.760 --> 01:19:48.560 either with band aid or bad road, so that if that contract itself is 855 01:19:48.720 --> 01:19:54.960 allowed to unwind, you have no rice. So it's no longer a shot 856 01:19:55.039 --> 01:19:59.000 sales. It's no longer like a squeeze shot squeeze is the actual product is 857 01:19:59.079 --> 01:20:03.640 not being delivered Labies. That's the probab with you that those actual things. 858 01:20:04.640 --> 01:20:10.399 Uh yeah, great question, Sam, I'm excited. So let's get Alan 859 01:20:10.479 --> 01:20:12.439 Alan. Hey, what's your mind? Sir? See you? Thank you 860 01:20:12.520 --> 01:20:17.960 so much, mister Allen. Thank you, Alan, I got Alan Jerome. 861 01:20:18.039 --> 01:20:23.800 Let's get Jerome. Does he do sir? Okay, good evening. 862 01:20:27.239 --> 01:20:30.479 Okay, I've been flinding conversation. Thank you, It's been very educating and 863 01:20:30.560 --> 01:20:33.319 insight for I just don't want to ask a very quick Christian with regards to 864 01:20:33.439 --> 01:20:39.199 investing in this talk market. I think you've mentioned some platforms and exchange in 865 01:20:39.279 --> 01:20:44.000 Nigeria. I just wanted to work a very simple twisting, which is when 866 01:20:44.039 --> 01:20:46.840 we invest in this exchange. I think I've been quite conversated with I think 867 01:20:46.880 --> 01:20:51.560 one or two Prove and Bamboo. My question is, when we invest in 868 01:20:51.720 --> 01:20:57.399 this exchange, do we actually purchase the actual stock or they are just contracts 869 01:20:57.439 --> 01:21:00.119 for difference. They just give us the difference over actually own the stock that 870 01:21:00.239 --> 01:21:04.800 you got to discome from that? Does my question you actually so look at 871 01:21:04.840 --> 01:21:08.920 it this way, right, let's look at your Nigeria. You have a 872 01:21:09.000 --> 01:21:15.880 company called c SCS. When you buy a stock from a company, the 873 01:21:15.000 --> 01:21:18.159 first time it's sold, the primary share. The first time it's sold, 874 01:21:18.239 --> 01:21:24.000 the company sends you a dbate, a paper called a certificate. It's good, 875 01:21:24.520 --> 01:21:27.399 but if you want to sell your shares, you have to take that 876 01:21:27.600 --> 01:21:31.880 paper and transfer to someone else. So it makes it bureauchatric, and it 877 01:21:31.960 --> 01:21:38.760 makes it longwided, so you have t plus whatever. What CSCs and registrars 878 01:21:38.880 --> 01:21:42.680 and customs do is that they eliminate the need of the paper. So the 879 01:21:42.760 --> 01:21:45.279 paper is stored in a central place. So if I want to buy or 880 01:21:45.359 --> 01:21:49.640 sell, I just transfer on the computer. I don't have to transfer the 881 01:21:49.760 --> 01:21:55.840 paper. So now first forward this now to you buying stocks in American stocks 882 01:21:55.920 --> 01:22:00.680 in Nigeria. When you are buying stocks to say bamboo or cocawie, you 883 01:22:00.800 --> 01:22:05.359 are going to a company called drive World. Drive Worlds is a registered company 884 01:22:05.439 --> 01:22:11.279 in the US. It's actually drive World that is making those purchases on your 885 01:22:11.319 --> 01:22:15.520 behalf right. So that's why you can sit in Nigeria and buy the certificate 886 01:22:15.640 --> 01:22:19.479 called Driveworlds on the system in America will file that paper for you to say 887 01:22:19.680 --> 01:22:25.720 Jerome owns one fractional share of Tesla and geromeans in Nigeria. You don't have 888 01:22:25.800 --> 01:22:30.840 to get the physical certificate from Tesla. So it happens immediately because it's a 889 01:22:30.039 --> 01:22:35.079 movement of numbers or baten bites from America to Jerome in Nigeria. So that's 890 01:22:35.119 --> 01:22:40.119 what happens if you request, if you read the drive World or the Bamboot 891 01:22:40.159 --> 01:22:44.640 paperwork, they will tell you there if you request to have the physical certificates. 892 01:22:45.000 --> 01:22:47.000 And it's not just because you live in Nigeria, even America. If 893 01:22:47.079 --> 01:22:51.000 I buy shares in America, I don't get the physical certification, but if 894 01:22:51.039 --> 01:22:55.279 I request to have it, it can be given to me. So you 895 01:22:55.439 --> 01:22:58.880 have to wait. Because you go get the certificate, they'll process it, 896 01:22:59.119 --> 01:23:01.439 they'll post it to you you that's the point. If you want to sell, 897 01:23:01.760 --> 01:23:04.920 you have to take their certificates send back to them. It's to be 898 01:23:05.039 --> 01:23:10.600 processed before it can be sold. So the answer is that you don't I 899 01:23:10.720 --> 01:23:14.680 hear your question, but it's because you think you don't need it. Once 900 01:23:14.760 --> 01:23:18.479 you have it booked on drive World, it's yours. If drive World goes 901 01:23:18.520 --> 01:23:21.720 down today. If you remember there was a company in Nigeria called what's their 902 01:23:21.800 --> 01:23:25.920 name? They went out of business. Pass Folio, Yeah, excellent, 903 01:23:26.000 --> 01:23:30.319 pass Folly went out immediately. Your shares will give you to an American company 904 01:23:30.359 --> 01:23:32.000 and American community to you. And I said, hey, we've taken out 905 01:23:32.039 --> 01:23:38.000 from pastfolio. Where now the new guys deal with us. I have shares 906 01:23:38.039 --> 01:23:40.560 in the new Sorry, I have my shares in that new company because I 907 01:23:40.640 --> 01:23:45.239 bought shares to pass Folio. So nothing really happens to you. It is 908 01:23:45.319 --> 01:23:49.199 in nomine. Your shares are held in the CSCs or the costudent the US 909 01:23:49.239 --> 01:23:54.560 stock market. You are just listed as the owner. So that's really does 910 01:23:54.560 --> 01:23:58.960 I answer your question? You don't you own it directly? Yeah, can 911 01:23:59.119 --> 01:24:09.399 grab wellbutrary stocks. Not really. You can create synthetics, but not in 912 01:24:09.479 --> 01:24:13.840 the stock market. Not in the stock market, because you are buying the 913 01:24:14.000 --> 01:24:19.880 actual physicals that represents ownership somebody else. I can here create a synthetic share 914 01:24:19.960 --> 01:24:24.880 of of of U US Bank or of Bank of America. I can do 915 01:24:25.000 --> 01:24:28.560 it and sell to you. And I say, if you buy this synthetic 916 01:24:28.680 --> 01:24:31.800 of mine, it's representing the stock of Bank of America. And if you 917 01:24:31.840 --> 01:24:34.840 trust me enough, we will have a market on that we could do that, 918 01:24:34.960 --> 01:24:39.159 you and I, but can drive well do that? That would be 919 01:24:39.239 --> 01:24:44.039 too You can just wake up and say because you are another course student first 920 01:24:44.079 --> 01:24:48.319 was the start with. So the continents cannot because that's just so much power 921 01:24:48.479 --> 01:24:53.359 to do that. Now, it's just it's just custody. It's just the 922 01:24:53.399 --> 01:24:57.399 same We look at EFX. EFX has a warehouse with rice, then EFS 923 01:24:57.439 --> 01:25:01.039 creates a contract for rice. That's same thing with stocks. The stock market 924 01:25:01.199 --> 01:25:05.159 is really an agriculture. The d end of the stock market is from agriculture 925 01:25:05.560 --> 01:25:11.079 futures forward. It is all agricultural terms. So in the stock market you 926 01:25:11.199 --> 01:25:14.880 have the shares of the companies listed. You go to c s CS, 927 01:25:15.359 --> 01:25:17.640 you have your shares there. Why would you want the physical You know, 928 01:25:17.760 --> 01:25:21.319 if what a pose on your certificate of NESTLEI and it's a billion error, 929 01:25:21.520 --> 01:25:26.880 you can't sell thatself god anymore. If you hold the physical guilt of Nestle 930 01:25:27.520 --> 01:25:30.439 and your daughter draws in a nice face on the certificate, what do you 931 01:25:30.560 --> 01:25:34.720 do? One billion? But if it's CSCs, you know it's there. 932 01:25:35.359 --> 01:25:39.920 Can CSS create a synthetic because no, not really, because you know it's 933 01:25:40.199 --> 01:25:43.560 the way it sorted out is you just can't on your own say I have 934 01:25:43.680 --> 01:25:45.880 this shares. It's safer even for you. In the past, miss I 935 01:25:46.039 --> 01:25:48.279 will tell you, in the past, we used to have fraud where people 936 01:25:48.279 --> 01:25:55.600 will go and create they will duplicate your nextly certificate, duplicate it and sell. 937 01:25:56.119 --> 01:25:59.640 How was that possible because there was no central registrar. But now if 938 01:25:59.640 --> 01:26:01.960 you bring your certificate to this to the market, is the track where that's 939 01:26:02.000 --> 01:26:05.319 the BIS coming from? Who sold it? Because it's all electronic, I 940 01:26:05.399 --> 01:26:09.399 can I know who sold it, where it was bought from. So you 941 01:26:09.560 --> 01:26:13.479 just can't walk in from the space and say I have a video shares of 942 01:26:13.600 --> 01:26:15.760 Nestley. That's not a question. Do you want to have a comeback on 943 01:26:15.840 --> 01:26:19.840 that? No? No, no, very perfectly, mister I do you 944 01:26:19.880 --> 01:26:27.359 want to that, sir? No, I think it's excellentwer Wingman, We've 945 01:26:27.399 --> 01:26:29.319 got wing band. Let me also go to DMS. Oh my god, 946 01:26:29.359 --> 01:26:32.479 I'm not that DMS wing bam, please go ahead, DMS. You know, 947 01:26:33.359 --> 01:26:39.479 wing Man going once, wing Ban going twice, Joey wing Man, 948 01:26:39.680 --> 01:26:44.119 please go ahead to all right, So this is a big and also I'm 949 01:26:44.119 --> 01:26:48.439 I'm trying to find out like no, actually, when Mike like in world, 950 01:26:48.640 --> 01:26:56.600 because just as from those like A went to a house like as a 951 01:26:56.640 --> 01:27:01.920 beginner, would you suggest that how much do you think is like sufficient? 952 01:27:02.000 --> 01:27:12.840 And I'm focus on say how much? How much? How much? If 953 01:27:12.880 --> 01:27:16.920 you lose? Can you? Can you? And also do you think to 954 01:27:17.760 --> 01:27:20.800 go with? So let me ask you a question if how much would you 955 01:27:20.920 --> 01:27:25.399 lose today that you'll still be okay? You see wake up, you still 956 01:27:25.479 --> 01:27:29.800 go to work. I see your baby crying baby? How much do you 957 01:27:29.880 --> 01:27:30.960 think if you lose? You okay? For you? For you? How 958 01:27:31.039 --> 01:27:36.960 much I think if if I lose let's say the last today, I don't 959 01:27:36.960 --> 01:27:41.439 think I'm going to yes, So let's start with turn dollars. That's a 960 01:27:41.479 --> 01:27:43.800 good start. Let's start with that, and then we build it up. 961 01:27:43.840 --> 01:27:46.520 So we build up a portfolio for you that you can invest for long term. 962 01:27:46.600 --> 01:27:50.000 Because the thing with stocks is that you don't want to buy and sell. 963 01:27:51.079 --> 01:27:54.640 You don't want to buy it and sell it. You want to buy 964 01:27:54.760 --> 01:28:00.880 the stock. Allow us to compound even your dividends. You put your dividends 965 01:28:00.159 --> 01:28:04.119 back into the stock. So we are saying five years. You know, 966 01:28:04.239 --> 01:28:12.039 I have an Instagram group that I told them to just buy us ets just 967 01:28:12.159 --> 01:28:15.840 one party. You can buy VT. So I can buy VTI or Vo 968 01:28:16.479 --> 01:28:23.960 just US equities, hold it for ten years, reinvest your dividends. Let's 969 01:28:24.000 --> 01:28:26.560 compare results in ten years. We say this, I think it was four 970 01:28:26.680 --> 01:28:31.079 years ago when they're putting five years. Don't sell, just buy VTI or 971 01:28:31.199 --> 01:28:34.920 Vo. Reinvest your dividends. Let's look in ten years the returns you've made. 972 01:28:35.720 --> 01:28:39.960 It's not hard to invest in the stock market the product that we think. 973 01:28:40.000 --> 01:28:43.520 We are smart, so we watch wall streets, so we want to 974 01:28:43.640 --> 01:28:47.520 buy and sell and make money with one stock. Phisticated derivative. No, 975 01:28:48.560 --> 01:28:53.239 keep it very simple. You see a good sector, you see a good 976 01:28:53.279 --> 01:28:57.600 company, you buy that company, You reinvest your dividends. You leave it 977 01:28:57.640 --> 01:29:01.840 alone. You leave it alone. That all dividends. Stocks are profit and 978 01:29:01.960 --> 01:29:05.239 loss. If you find a good company, who are you selling? If 979 01:29:05.279 --> 01:29:08.520 you s just go up to a hundred million, what are you selling? 980 01:29:09.319 --> 01:29:13.159 So does that make sense? So start with what you can lose. Then 981 01:29:13.359 --> 01:29:16.279 build a budget based on the percentage of your income. You can say I'm 982 01:29:16.279 --> 01:29:21.479 going to take one percent five up my income and invest in my portfolio, 983 01:29:21.600 --> 01:29:27.720 and I'm going to buy ETFs or what I do. I said, work 984 01:29:27.760 --> 01:29:32.239 with a percentage then then build up from their set. You asked about a 985 01:29:32.520 --> 01:29:38.159 bamboo, if it's Sack approved, I would say, it's okay. There 986 01:29:38.199 --> 01:29:41.199 are many I use and not second approof. I won't. I won't say 987 01:29:41.239 --> 01:29:44.800 that because now second said. When I said when I was talking about Nigerian 988 01:29:44.920 --> 01:29:48.000 apps that you could buy you as stocks, there was no seclized approval process. 989 01:29:48.079 --> 01:29:51.279 So when we did trove, there was a second process. But now 990 01:29:51.399 --> 01:29:56.880 seconds are proving folks. So Bamboo I think is approved. I think Cawrier 991 01:29:56.880 --> 01:30:00.840 wise is approved. Those guys allow you to invest in that in the US 992 01:30:00.880 --> 01:30:04.680 stock market. Also, remember the Nigerian stock brokers. I got the optimost 993 01:30:04.880 --> 01:30:11.159 have invested Mary Stream, they see yourselves. They all have online portals as 994 01:30:11.239 --> 01:30:15.279 well, so you have many options now to invest. There's no excuse. 995 01:30:15.319 --> 01:30:18.479 When I was growing up, we didn't even have options to invest in Nigeria 996 01:30:18.680 --> 01:30:24.000 online. But now it's in Nigeria. You can sit in Nigeria and buy 997 01:30:24.199 --> 01:30:27.880 Tesla, so you really have no excuse. Right, wh did have a 998 01:30:27.960 --> 01:30:32.439 follow up? Or you're good? Thank you excellence? Take you say to 999 01:30:32.479 --> 01:30:38.520 your daughter for us? Or is your son? Or you're welcome bro? 1000 01:30:38.800 --> 01:30:41.119 All right, So I got Joey, Yeah, Joey, go ahead, 1001 01:30:42.119 --> 01:30:47.439 yeah. Hi everyone that Crystal goes to the meeting the motal Park and one 1002 01:30:47.439 --> 01:30:53.800 of these guys taking notes, Oh, I hear you very well when you 1003 01:30:53.880 --> 01:31:04.279 say health talks and defensive stocks. Correct Oliver there? Okay, So you 1004 01:31:04.359 --> 01:31:09.079 know, I just wanted to make the strategy put for educational reasons. And 1005 01:31:09.399 --> 01:31:12.960 you know you need to look at last year for example, stocks are and 1006 01:31:13.079 --> 01:31:16.960 look more of a technical and person, so stocks are really at their premium 1007 01:31:17.079 --> 01:31:20.560 and relatively look at what is happening this speed. You see that there are 1008 01:31:20.600 --> 01:31:26.439 put backs and tail stocks and stocks that did very verse to really high. 1009 01:31:26.880 --> 01:31:31.239 So I'm looking looking at companies that I have good fundamentals but did the last 1010 01:31:31.319 --> 01:31:36.960 year. So for us, I was looking to factor the health and red 1011 01:31:38.159 --> 01:31:41.119 sector stuff. Now you know, can it give you a good option? 1012 01:31:41.520 --> 01:31:45.880 Okay? Goods is you don't need to have so much of the guys. 1013 01:31:45.920 --> 01:31:49.640 You don't look attas that have help focus. But the reason why most specific 1014 01:31:49.880 --> 01:31:54.560 is that I want to capture the trend and I want to have more roots 1015 01:31:54.680 --> 01:31:59.479 in that five years. So I'm really could as stocks that really play along 1016 01:31:59.600 --> 01:32:02.640 along the to And that's why I said that stocks like the health are utated 1017 01:32:03.359 --> 01:32:10.039 stocks. That's because of the price presently treat and the market you cover. 1018 01:32:11.479 --> 01:32:15.319 All right, okay, all the answers, you sair, yeah, yeah, 1019 01:32:15.399 --> 01:32:19.439 yeah, right, say say say this is one million time back, 1020 01:32:19.520 --> 01:32:26.439 then what would you do? Mm hmm. So that's what is asking that 1021 01:32:26.760 --> 01:32:30.439 in case he has okay, Oliver there, yeah, go ahead, he 1022 01:32:30.520 --> 01:32:35.760 says, if he has ten millions with the change one, I was still 1023 01:32:35.840 --> 01:32:41.560 maintained that accommendation because temo in US market you're depling. You see, the 1024 01:32:41.680 --> 01:32:47.239 question is that for me? You know, from my basic understanding about investments, 1025 01:32:47.359 --> 01:32:54.960 we capitalut with schotite the tennel five years, five years in the stock 1026 01:32:55.039 --> 01:32:58.279 market, you can go from that. This is not so many years. 1027 01:32:58.359 --> 01:33:02.880 So I'm trying to capture because we are if they are forced to US markets 1028 01:33:02.880 --> 01:33:09.000 back. You know, we have the accommodation, we have the distribution, 1029 01:33:09.520 --> 01:33:13.920 mark up markdown. Now the U S top market is definitely in the distribution 1030 01:33:14.319 --> 01:33:17.680 waiting for mark down and lockdown is a good thos Whens start happening. So 1031 01:33:17.880 --> 01:33:20.920 you don't want to be caught in course fires. So you have to be 1032 01:33:21.439 --> 01:33:27.479 build their humanity and now you put their aumuenities good for assets that don't suffer 1033 01:33:27.720 --> 01:33:33.279 great your drunks and have chances to grow and house from fundamental That's my strategy. 1034 01:33:34.680 --> 01:33:39.880 That would be the same one hundred one dred media to be different, 1035 01:33:40.960 --> 01:33:45.399 what would that be, well, four hundred million. I think I really 1036 01:33:45.520 --> 01:33:50.439 to the investment suitable boats. You know, if you look at it in 1037 01:33:50.640 --> 01:33:57.119 those terms, antret meon is less than it's about some fire thousand dollars right, 1038 01:33:57.520 --> 01:34:01.680 So definitely I'll have if I'm my whatt is, I will have much 1039 01:34:01.760 --> 01:34:08.800 more way to play with if I'm both for the definitely, I'll look at 1040 01:34:08.840 --> 01:34:13.119 the US jurgery market, I'll look at degrees in Ukley, I'll look at 1041 01:34:13.680 --> 01:34:19.399 in Germany. I'll probably play around the Japanese there for more of youth positivity 1042 01:34:19.439 --> 01:34:25.640 with coren because differential opportunity partice here this are how investment banks make money on 1043 01:34:25.800 --> 01:34:30.000 the side. So that would give me much more side look more returns letters 1044 01:34:30.399 --> 01:34:32.399 all let me let me ask us, let me let me let me ask 1045 01:34:34.319 --> 01:34:45.479 Germany. China has a property market issue and China, China has a but 1046 01:34:45.640 --> 01:34:51.239 if you look at China, that linder he's saying that you mentioned Germany he's 1047 01:34:51.239 --> 01:34:56.560 saying what you didn't mention Jerremany, That's what he's asking. Jermany is Jermany 1048 01:34:56.680 --> 01:35:01.359 is our group's biggest economy. Jemmy has more more less than to GDP compared 1049 01:35:01.399 --> 01:35:05.439 to France and looky. So if you look at it on paper, journeys 1050 01:35:05.479 --> 01:35:12.359 and the package is very healthy. So fum PEROFOLO investors don't in brother markets. 1051 01:35:12.760 --> 01:35:18.359 And if you look look consasions between the CPS natives and talking about interest 1052 01:35:18.399 --> 01:35:26.960 to its United Stiller interest diective with the Americans. It's massive to also have 1053 01:35:27.439 --> 01:35:33.880 some unity against because this year last year, nobody expected the hero to how 1054 01:35:33.960 --> 01:35:39.600 tron that fight. You later had this ryer coming to It's always good to 1055 01:35:39.720 --> 01:35:44.920 have that age and the best place to edge in European Gurney look, Joe, 1056 01:35:45.000 --> 01:35:47.319 let me also mention his points again for Jewish. If you I looked 1057 01:35:47.319 --> 01:35:53.600 at the return in the US markets this year, the price movements surpassed the 1058 01:35:53.800 --> 01:35:59.000 dividend movements. If you bought Tesla for one dollar and it went to two 1059 01:35:59.119 --> 01:36:02.520 dollars, the market really reacted more. The profit in the market in the 1060 01:36:02.600 --> 01:36:08.119 US this year was based on the price movements, no more longer on the 1061 01:36:08.279 --> 01:36:13.319 dividend movement. That's very simplic and that means that as your capital increases, 1062 01:36:13.960 --> 01:36:18.199 you are more concern with the opportunity cost of not simply putting the money in 1063 01:36:18.880 --> 01:36:24.199 the US got in the US fixed income market, if you took your money 1064 01:36:24.560 --> 01:36:28.000 and you put it in the certificate of deposits in America for one year, 1065 01:36:28.279 --> 01:36:33.239 you will get paid five percent risk free, risk free five percent. That 1066 01:36:33.439 --> 01:36:38.600 means that the market has got to first of all cover your five percent, 1067 01:36:39.319 --> 01:36:44.720 cover inflation to make you even interested in anything. So if you the more 1068 01:36:44.800 --> 01:36:49.239 you increase the capital you want to invest, the more you are now worried 1069 01:36:49.279 --> 01:36:54.960 about your daily what you are going to get If you simply left that money 1070 01:36:55.600 --> 01:37:00.800 and say in the US high yielding investors going to pay you seven to five 1071 01:37:01.000 --> 01:37:04.680 percent, that's the problem for you. The more cash war On Buffett has, 1072 01:37:05.399 --> 01:37:11.079 the more he is losing by not investing that cash. So for you, 1073 01:37:11.199 --> 01:37:13.560 it's going to be if the more cash you have, you're looking at 1074 01:37:13.600 --> 01:37:17.800 the more strategic investment to say I want to buy this particular sector or this 1075 01:37:18.039 --> 01:37:25.239 particular stock for this particular reason to make a return on that block investment. 1076 01:37:25.680 --> 01:37:28.880 If you think Tesla's going to open up in China, which he is going 1077 01:37:29.000 --> 01:37:31.279 to do. He's going to open up a massive new factory in China, 1078 01:37:31.640 --> 01:37:36.319 and he has already delivered more cass than record today. If you think that 1079 01:37:36.520 --> 01:37:43.000 Tesla is going to be the number one car company renewables in America, and 1080 01:37:43.119 --> 01:37:46.880 that the US government is going to invest billions in the Cheap Act and the 1081 01:37:47.000 --> 01:37:53.039 renewables as election takes place, they're going to allow more Americans to buy more 1082 01:37:53.079 --> 01:37:57.039 renewables, They're going to launch more rockets, then you should take a play 1083 01:37:57.760 --> 01:38:00.159 block in that sort of trade that saying, oh, I want to buy 1084 01:38:00.319 --> 01:38:03.880 in this sector or this eat those things. That makes sense for you. 1085 01:38:03.920 --> 01:38:09.760 Again, probably that makes sense for Jory. You're more looking at if the 1086 01:38:09.880 --> 01:38:13.479 more money you have, Like if you're jpmunk and you're looking at if IF 1087 01:38:13.640 --> 01:38:18.079 IF First BANKU page, you're looking at the movement of First Bank from this 1088 01:38:18.359 --> 01:38:23.600 place to that place, or the direction of this sector from that No longer 1089 01:38:23.720 --> 01:38:28.119 the incrementals looking at the large scale that's where you make the money, because 1090 01:38:28.159 --> 01:38:31.960 it's no longer dividends. Is christ appreciation long term start? Please go ahead, 1091 01:38:31.960 --> 01:38:35.840 you have your answer something, Yeah, So I want to say that 1092 01:38:38.079 --> 01:38:48.560 I think sorry I miss the name, Joe's Joey. Sorry Joey, Yeah, 1093 01:38:48.800 --> 01:38:53.680 Joey. So you seem like it's investors. So but you know, 1094 01:38:53.920 --> 01:38:57.520 like the focus will try to break it there. If you don't have more 1095 01:38:57.560 --> 01:39:01.079 you understanding about the markets, you say maybe you'll say one minion and you're 1096 01:39:01.119 --> 01:39:05.640 trying to put it somewhere where you feel can be at least preserve. You 1097 01:39:05.680 --> 01:39:11.640 don't want store too much story about the font. But when you get in 1098 01:39:11.680 --> 01:39:17.119 to that level of ten one hundred billion, and it's definitely there, would 1099 01:39:17.119 --> 01:39:23.840 they may be like a change to be mixed because someday we also have no 1100 01:39:24.000 --> 01:39:29.319 understanding. But I think what I will just wrap up with is on this 1101 01:39:29.600 --> 01:39:33.079 is that if you don't have but because of listeners, don't have much understanding 1102 01:39:33.279 --> 01:39:39.920 about selecting, stop selecting this sector. Just go for itios Like mister Cowler 1103 01:39:40.039 --> 01:39:46.159 said, it helps I cook. Why look at my portfolio the view examply 1104 01:39:46.439 --> 01:39:49.760 five hundred, but there was no time to even check it for two three 1105 01:39:49.880 --> 01:39:55.479 months. You benefit if the market is up. You can look at them, 1106 01:39:56.560 --> 01:40:00.920 the index, the sector, the banking sector. So whilst you're invested 1107 01:40:00.000 --> 01:40:04.079 in that, you know that you are covered. It's only when the total 1108 01:40:05.560 --> 01:40:11.079 down trending the market that would also impact you, and it doesn't. It's 1109 01:40:11.119 --> 01:40:14.560 not always when you invest in it because they are well there as I five, 1110 01:40:15.039 --> 01:40:19.720 you may not gain as much as then they get your representation get invested 1111 01:40:19.800 --> 01:40:27.239 in individual stocks, but you also don't lose any can because imagine the Bangard 1112 01:40:27.319 --> 01:40:31.439 five hundred. All the stops cannot go down at the same time the balance 1113 01:40:31.560 --> 01:40:35.479 us. Thank you well said. And let me just ask you this quick 1114 01:40:35.600 --> 01:40:39.159 question from DMS. And if you just journey, we're talking about way to 1115 01:40:39.239 --> 01:40:44.159 invest one million error in Nigeria. Godster, did you ever hear Loumlear supporting 1116 01:40:44.560 --> 01:40:46.840 We're just trying to get the principles around this right. I have a question 1117 01:40:46.960 --> 01:40:54.119 on dm very interesting question is asking can I invest directly from the without saving? 1118 01:40:54.479 --> 01:40:59.079 Can I invest directly from my monthly income without savings? First, that 1119 01:40:59.439 --> 01:41:04.640 question tell me one thing that we're where maybe we're confusing what savings says our 1120 01:41:04.760 --> 01:41:10.239 investing is. The way I prefer you invest is to go direct, which 1121 01:41:10.319 --> 01:41:15.399 means from your salary, do a direct direct debit from your salary directly to 1122 01:41:15.479 --> 01:41:20.079 your stockbroker or to your investment account. So before you even see the money. 1123 01:41:20.479 --> 01:41:25.039 Take it out of your income completely, Take it out completely, and 1124 01:41:25.199 --> 01:41:29.079 do a percentage. Don't do ten fifteen. Start with one percent. Say 1125 01:41:29.479 --> 01:41:31.760 one percent of my salary is going to be invested. That's my target for 1126 01:41:31.840 --> 01:41:35.039 this year. Next year, say can I increase that to two percent? 1127 01:41:35.439 --> 01:41:40.479 Start like that. Get the habit so don't even see the money. So 1128 01:41:40.640 --> 01:41:44.520 it's you earn ten thousand nira a month or whatever. Take one percent. 1129 01:41:44.640 --> 01:41:46.199 Start with that, or take five percent. Start with that and put it 1130 01:41:46.359 --> 01:41:53.479 away into an investment account automatically. Savings means you haven't spent your money. 1131 01:41:54.119 --> 01:41:59.880 When you are investing, you are investing your savings with intent, which inten 1132 01:42:00.119 --> 01:42:02.720 That's a difference. Savings just means you have money, you haven't spent it, 1133 01:42:02.800 --> 01:42:06.199 so you saved it. When you are investing, you are taking that 1134 01:42:06.399 --> 01:42:12.760 savings and investing with intent. The difference is the intent, right, It's 1135 01:42:12.880 --> 01:42:17.439 only investing that has the intention of making you revenue. So that's what I 1136 01:42:17.600 --> 01:42:20.640 advised. When do it that way the way you are doing it, do 1137 01:42:20.760 --> 01:42:25.920 it that way from your pace. Stop go to the bank or broken and 1138 01:42:25.960 --> 01:42:28.640 say I wanted to give you a direct deposit from my income. I don't 1139 01:42:28.640 --> 01:42:31.439 want to see it. Move the money first, when it's your stockbroker, 1140 01:42:31.560 --> 01:42:35.279 then go there and say okay, let's invest. It's removes the temptation you 1141 01:42:35.399 --> 01:42:39.279 always say, I don't have going to invest. It's not true. If 1142 01:42:39.319 --> 01:42:42.039 you have going to do your phone, you are going to go go anywhere 1143 01:42:42.119 --> 01:42:45.800 you can have money to invest. Think of the future. Your most important 1144 01:42:45.880 --> 01:42:49.960 investment today is your retirement. The most important today as a young person is 1145 01:42:50.039 --> 01:42:53.600 your retirement. Mike, I put your hands up. Mike, go ahead, 1146 01:42:53.720 --> 01:42:57.640 Mike, go ahead. So yeah, thanks, thanks, thanks everyone 1147 01:42:57.680 --> 01:43:04.079 for this opportunity and the beautiful forum. So I've played a little in e 1148 01:43:04.279 --> 01:43:09.600 f TS. I've also played a little in the other stock you know that's 1149 01:43:09.720 --> 01:43:13.479 outside of e f CS. You know that I kind of see potential for 1150 01:43:13.640 --> 01:43:16.760 growth. I've gotten my hands born to bit. I remember the I think 1151 01:43:16.800 --> 01:43:24.560 that's lots Mark and start up an Evy start up in the US, right 1152 01:43:25.439 --> 01:43:30.960 I'm still telling with their bankruptcy or issues right now. But that that's a 1153 01:43:30.000 --> 01:43:34.520 lot on my on my own side. Okay, But then I have begun 1154 01:43:34.640 --> 01:43:41.600 to look into what I began to consider the Chinese market. I'm sorry taking 1155 01:43:41.880 --> 01:43:45.319 conversations it was little, I mean away from where where it's focused on. 1156 01:43:45.439 --> 01:43:48.520 Anyways, I've started to look into the Chinese market out of interest, not 1157 01:43:48.640 --> 01:43:55.279 have invested yet. I know the US market is much more bigger than I 1158 01:43:55.359 --> 01:43:59.720 mean, the first the next five market combined together, all right, But 1159 01:44:00.760 --> 01:44:05.800 the Chinese market seems to have some spak that not many people know about one 1160 01:44:06.520 --> 01:44:14.279 and two deliberately by the Western world not to expose that spack, you know. 1161 01:44:15.920 --> 01:44:19.800 I just want to get your your your your, your view of that 1162 01:44:20.039 --> 01:44:26.520 market and then the possibility of you know, people you know investing in it. 1163 01:44:27.159 --> 01:44:31.800 I know, I mean the structures around their their market might not be 1164 01:44:31.920 --> 01:44:35.920 as as well established as that you see in the Western world, right, 1165 01:44:36.000 --> 01:44:41.920 But I mean also there's also a bit of risk, you, Mike, 1166 01:44:42.000 --> 01:44:45.479 I think I think. I think it's when when when I think when it 1167 01:44:45.479 --> 01:44:47.399 says foreign stocks, and if I they may give a tlple of a foreign 1168 01:44:47.479 --> 01:44:51.439 et I have in mind. If you do VT VT, that's a BANKRD 1169 01:44:51.800 --> 01:44:56.880 you're buying all the quote unquote good stocks in the entire world. VT would 1170 01:44:56.880 --> 01:45:01.640 include some Chinese stocks. I know VT has a percentage. The problem The 1171 01:45:01.760 --> 01:45:05.520 problem like and again this is like I hadn't known with Chinese talks but look 1172 01:45:05.520 --> 01:45:09.960 at let me give you to stocks in China that draw my attention, Ali 1173 01:45:10.039 --> 01:45:13.920 Baba and I forgot about the stock, but the stock of the companies that 1174 01:45:14.079 --> 01:45:17.319 do this educational the prep schools in China, This educational prep schools where you 1175 01:45:17.359 --> 01:45:20.720 go to the school you prep to write your job in Chinese is a massive 1176 01:45:20.800 --> 01:45:27.079 corporations. China woke up on there and said those things are banned because it's 1177 01:45:27.159 --> 01:45:30.840 not quote unquote socialism, because only rich people could go to those schools and 1178 01:45:31.039 --> 01:45:34.399 poor students can go to those schools. Those companies talks crashed. There were 1179 01:45:34.520 --> 01:45:38.920 five of them listed in the US markets and all that they all crashed to 1180 01:45:39.000 --> 01:45:43.479 almost zeros last week. Just two weeks ago, a Chinese guy routed memo 1181 01:45:43.720 --> 01:45:47.720 Chinese policy guy wrote the member that says kids in China will not be allowed 1182 01:45:47.760 --> 01:45:53.439 to spend money to buy on app games video games, so you can't spend 1183 01:45:53.479 --> 01:45:56.560 money on the inn app games, but I don't want to restrict how more 1184 01:45:56.640 --> 01:46:00.520 time Chinese kids were spending online. Immediately ten cents ten cents there to crash. 1185 01:46:00.880 --> 01:46:03.840 The Chinese goman had to come out, sack the guy. The guy 1186 01:46:03.880 --> 01:46:09.600 is what's wrong? Sack the guy? Look at look at Alibaba. Ali 1187 01:46:09.640 --> 01:46:13.680 Baba came out. It was going to be the largest IPO on earth, 1188 01:46:14.239 --> 01:46:17.039 largest ip on it. But he said something bad about the Chinese Communist Party. 1189 01:46:17.399 --> 01:46:20.000 They've cut that guy down to size. Now we don't look at we 1190 01:46:20.039 --> 01:46:24.119 don't see Jack mar al Baba. Again, this is the only plant in 1191 01:46:24.239 --> 01:46:29.039 China has that. Sometimes they forget that they are he captures the economy, 1192 01:46:29.079 --> 01:46:31.920 but the communists and then they so who get scared about what they will do 1193 01:46:32.039 --> 01:46:35.920 tomorrow? If you go by every grade ever good was three years ago, 1194 01:46:36.000 --> 01:46:40.600 four years ago, was in number one stock in China, number one stock. 1195 01:46:40.600 --> 01:46:43.039 They need, they need the chairman, They need to chairman that the 1196 01:46:43.119 --> 01:46:46.079 football club, everybody bought them. Then suddenly chairman says no, three red 1197 01:46:46.159 --> 01:46:50.159 lines and the entire recesstem in China has crashed. This is the problem with 1198 01:46:50.279 --> 01:46:56.319 China that they can wake up tomorrow and say Cryptois band and that's the end 1199 01:46:56.359 --> 01:46:59.319 of it. So if you can, if you can stomach the risk, 1200 01:46:59.720 --> 01:47:03.079 is the very very good place. If answered my question, you've actually exposed 1201 01:47:03.399 --> 01:47:09.359 that instabilisity in their in their structure. Okay, but I also I also 1202 01:47:09.479 --> 01:47:14.319 look back at the American big American investors. All right, it is invested 1203 01:47:14.399 --> 01:47:19.159 in by the IVY IVY companies, right, which is which is way bigger 1204 01:47:19.560 --> 01:47:24.279 than even Cancelor in terms of numbers. For they turn out right if you 1205 01:47:24.319 --> 01:47:27.359 look at all these things that they see the risk, but I will play 1206 01:47:27.680 --> 01:47:31.079 in that market because they know the market has a lot of potential, you 1207 01:47:31.159 --> 01:47:35.079 know. So yeah, this is that for a guy that hasn't for a 1208 01:47:35.199 --> 01:47:40.680 guy that has a million, nobody's going to take one of berfect money, 1209 01:47:40.760 --> 01:47:45.239 one of buffets to call chairman. What's this guy? Chairman g and they 1210 01:47:45.279 --> 01:47:47.199 will talk. And the chairman was, okay, Warren, you're our friend. 1211 01:47:47.319 --> 01:47:50.760 Who know, Warren can call the chairman. That's the point I'm making. 1212 01:47:51.079 --> 01:47:56.960 But we can call the chairman. So I ral Vanguard calls the chairman 1213 01:47:57.039 --> 01:48:00.560 for me. So if I buy Vanguard VT, then Vanguard is in China. 1214 01:48:01.119 --> 01:48:03.600 If they have any problems, they can call and say, hey, 1215 01:48:03.680 --> 01:48:08.439 what are you guys doing. That's why the party guy got fired, because 1216 01:48:08.439 --> 01:48:12.279 I'm very sure black Rock and Vangard must have called and I said, hey, 1217 01:48:12.319 --> 01:48:15.680 we have shes inten cents and it's crashing because your guy said that kids 1218 01:48:15.680 --> 01:48:18.800 shouldn't buy games. Now I don't think what guy said is wrong, but 1219 01:48:18.920 --> 01:48:23.359 that's what must have happened. And the China sacked the guy. And now 1220 01:48:23.399 --> 01:48:27.079 that the kids can buy games, so again it's back to risk management, 1221 01:48:27.239 --> 01:48:30.560 just like Nigeria. Just like Nigeria. Sorry to be Nigeria. How do 1222 01:48:30.640 --> 01:48:34.319 you invest in Nigeria? You know you can buy Nigerian stocks directly? Do 1223 01:48:34.319 --> 01:48:40.359 you know how I ban Nigerian stocks Ian dran stocks through the MSI X index. 1224 01:48:40.520 --> 01:48:45.039 I buy the same Dangote the same Access bank I buy true MSI index. 1225 01:48:45.119 --> 01:48:47.439 You know why they won't mess with those guys when difidences are don't they 1226 01:48:47.560 --> 01:48:50.720 give them because they are foreigners. So I say, Nigerian, I buy 1227 01:48:50.760 --> 01:48:55.720 you that foreign arm I pay the interest to. I'm not saying should do 1228 01:48:55.760 --> 01:48:57.880 it. Sorry, guys, I'm not sure you should do it, But 1229 01:48:58.279 --> 01:49:00.840 for me, it gives me a piece of mind. The ritter than go 1230 01:49:00.920 --> 01:49:05.920 to his head office. Right, that's a signal for me. I just 1231 01:49:06.079 --> 01:49:09.880 I don't want the wahalla. I'm just you know, just give me. 1232 01:49:10.079 --> 01:49:12.880 Give those guys that ifd have to give to me, it's the same shares 1233 01:49:12.920 --> 01:49:16.359 we're buying. So I just don't want anybodyster you want to come in. 1234 01:49:16.720 --> 01:49:20.600 So sorry. This is not one young guys. This is just mister, 1235 01:49:20.880 --> 01:49:26.600 do you have any No. I think because of time, I think you 1236 01:49:26.920 --> 01:49:31.640 were responded to. Then I think I would like a lot of moments that 1237 01:49:31.840 --> 01:49:36.359 I'm also saying. I would also try best baby by tomorrow too, if 1238 01:49:36.399 --> 01:49:43.199 I can respond again to all this night by tomorrow. So to respond to 1239 01:49:44.159 --> 01:49:45.680 you, yeah, yeah, I'm saying, I know, I know you 1240 01:49:45.760 --> 01:49:48.079 have what you are up against a time crunch. I'm going to allow you 1241 01:49:48.199 --> 01:49:53.399 to to exit. And that's one to just bring it that you are here. 1242 01:49:53.840 --> 01:49:56.560 And I just say, apart from him being here again, let me 1243 01:49:56.600 --> 01:49:59.000 say this, he's one of the most humble people I know. This is 1244 01:49:59.079 --> 01:50:01.359 a CEO. This, this is a big man that is here talking about 1245 01:50:01.439 --> 01:50:05.479 investing for one million era. It's difficult to get put that will come here 1246 01:50:05.560 --> 01:50:09.399 and spay nearly two hours to do this. And I do it on purpose 1247 01:50:09.439 --> 01:50:12.520 because I want those guys that ask a lot of questions, they don't know 1248 01:50:12.680 --> 01:50:15.239 where to start from. That's why I'm doing all this. So I do 1249 01:50:15.399 --> 01:50:17.720 appreciate you, sir for hanging out with us so much. I won't I 1250 01:50:17.760 --> 01:50:20.399 won't close the space. I will keep the space open. We'll try. 1251 01:50:20.479 --> 01:50:23.560 Look, they will try to answer a question like I have about Some guys 1252 01:50:23.600 --> 01:50:25.720 will ask a question, but I allow you to. Then, you know, 1253 01:50:25.960 --> 01:50:30.600 exit and then take take care of your time. Again. When people 1254 01:50:30.680 --> 01:50:33.159 ask me wait there by treasury bills, I always copy mister Ayo. And 1255 01:50:33.239 --> 01:50:35.600 I asked myself, Sam, I'm sorry, Sam, send you to me. 1256 01:50:35.720 --> 01:50:38.920 DM says no, no, no, send the DMS. It's fine, 1257 01:50:39.279 --> 01:50:41.880 ULTI most guys will take care of it. When I want to buy 1258 01:50:43.000 --> 01:50:46.000 us bonds from my association, I give them mister Ayo's name. They sent 1259 01:50:46.119 --> 01:50:50.760 a guy to talk to them, so I personally use his firm. I 1260 01:50:51.000 --> 01:50:56.520 personally vask for him. It's always good to deal with people you know personally. 1261 01:50:56.520 --> 01:50:59.159 And I thank yourself for always being there for us, not us on 1262 01:50:59.239 --> 01:51:01.760 the space bounder's level. Appreciate you, sir, so so thanks so much 1263 01:51:01.800 --> 01:51:04.960 for hanging out with us. We do love you, okay, thank you 1264 01:51:05.159 --> 01:51:10.920 very much for this opportunity, and I also lend you lots from this pace. 1265 01:51:11.039 --> 01:51:15.399 And thanks mister for the good book. Thank you, sir. Appreciate 1266 01:51:15.399 --> 01:51:19.840 you, sir. For the folks. Thanks all right, all right, 1267 01:51:19.880 --> 01:51:23.800 folks, so thanks mister. I'm gonna bow. If you stays in there, 1268 01:51:23.800 --> 01:51:25.840 it's fine. But we have all the all the folks that are gonna 1269 01:51:25.840 --> 01:51:28.359 tilt take the questions. I tried to rush and it was gonna leave, 1270 01:51:28.439 --> 01:51:30.760 so I was trying to rush to get going to come in. So let 1271 01:51:30.800 --> 01:51:33.199 me just take for me, for me, Hey, for me, Shusa, 1272 01:51:33.479 --> 01:51:35.640 Thanks for hanging on there. I appreciate you. Go aheads out your 1273 01:51:35.680 --> 01:51:45.960 question for me going once I was trying to job. Oh go ahead, 1274 01:51:47.760 --> 01:51:54.119 yeah, said, I was actually trying to drop from this should I got 1275 01:51:54.159 --> 01:51:57.279 the information? Okay, okay, I got that. That's fine. Thanks 1276 01:51:57.319 --> 01:52:00.319 for me. I appreciate you, sir. Not a problem. Look I 1277 01:52:00.439 --> 01:52:05.920 can him Amino. Can you hear me? I can hear you, So 1278 01:52:06.000 --> 01:52:12.760 go ahead because it's time. Grants me requests. I won't hear anybody again, 1279 01:52:12.880 --> 01:52:15.359 only you said. I also needed to connect with my phone to hear 1280 01:52:15.479 --> 01:52:23.119 what people are saying. Thank you so much, Calu and the omedia and 1281 01:52:23.319 --> 01:52:28.520 everybody that has always been impactful to be the layman coming into this space. 1282 01:52:29.119 --> 01:52:32.960 I have a few questions I want to ask from you guys. The first 1283 01:52:33.000 --> 01:52:41.399 ont okay, when aything came up, I bought editing their coronation and they 1284 01:52:41.640 --> 01:52:46.359 created my store broken accounts with them, and they issued me a C C 1285 01:52:46.600 --> 01:52:53.479 number C A C S number, so it iman buying maybe bond or whatever. 1286 01:52:53.560 --> 01:52:57.319 I always got that. So but when someone introduced troth to me, 1287 01:52:58.199 --> 01:53:03.119 so I started using trouth know all the all the Lennies or the knowledge I'm 1288 01:53:03.239 --> 01:53:09.319 using on the platform is things have been tapping from you guys. And that 1289 01:53:09.560 --> 01:53:13.079 also entuesced me to be reading about some of the news and see what So 1290 01:53:13.199 --> 01:53:17.159 most of all this can you know? But things I've been using truth Now 1291 01:53:17.319 --> 01:53:24.560 I thought that they created them r A r M Securities as my stock broker. 1292 01:53:25.279 --> 01:53:29.000 So I went to CEC website I created and I can't because I was 1293 01:53:29.079 --> 01:53:31.159 like, okay, all these things are doing. If Truth, for instance, 1294 01:53:31.279 --> 01:53:34.680 crashed today and I don't have our sex to truth, how would I 1295 01:53:34.760 --> 01:53:39.439 have access to some of this investment that I've made if this one. So 1296 01:53:39.920 --> 01:53:42.199 I was like, okay, let me go to see this because I've read 1297 01:53:43.239 --> 01:53:45.319 c S S platform, Well, help you to show all these things. 1298 01:53:45.520 --> 01:53:48.920 But I created an account and I tried to look in, but they kept 1299 01:53:48.920 --> 01:53:56.000 saying that you contact my stockbroker. So I hang like, okay, which 1300 01:53:56.079 --> 01:53:59.279 of the stock broker am I going to is it true I'm going to return 1301 01:53:59.399 --> 01:54:06.600 to or is it credation? I don't really understand. Okay, good question. 1302 01:54:08.039 --> 01:54:11.720 Just let me just give it just how it works. Right in the 1303 01:54:11.880 --> 01:54:16.039 past, we use paper certificates to show ownership. Now we still use paper, 1304 01:54:16.479 --> 01:54:21.439 but all the paper resides in a custodian. That costing is called the 1305 01:54:21.560 --> 01:54:27.159 CSS, the Central Secrets and Considence Sales I think c sees. That's where 1306 01:54:27.239 --> 01:54:30.479 all the certificates are lodged. So if you buy a primary offer, the 1307 01:54:30.640 --> 01:54:36.119 company will send you certificates. Paper you take it to the CSS is lodged 1308 01:54:36.239 --> 01:54:41.039 there. The advantage is that if you want to sell tomorrow, CS just 1309 01:54:41.199 --> 01:54:45.600 transfers from your position to the bias position. So it's T plus one or 1310 01:54:45.680 --> 01:54:48.800 two and three, very very efficient. If you bought shares through empty and 1311 01:54:48.880 --> 01:54:54.520 they created the CSTS for you, mean that your physical certificause of MTN and 1312 01:54:54.640 --> 01:54:59.439 in the CS with cost with coronation, if you buy or sell, you 1313 01:54:59.520 --> 01:55:05.039 can go from that CSTS to any other place if they advise you to advise 1314 01:55:05.159 --> 01:55:11.119 them there your stockbroker. It can be Cornation or AARM, it doesn't matter. 1315 01:55:11.399 --> 01:55:15.199 You can actually transfer your shares from that one you have to anyone. 1316 01:55:15.279 --> 01:55:17.159 You can measure them, you can transfer them if you want to. You 1317 01:55:17.279 --> 01:55:23.039 can should just have one or have one if you have a broker the CSS 1318 01:55:23.119 --> 01:55:26.760 for you. It's simple, so don't it's not a problem. If you 1319 01:55:27.079 --> 01:55:30.680 tomorrow buy through a TED company, there also create CSS for you and they 1320 01:55:30.720 --> 01:55:34.439 can measure it for you. If Truth or any of these online apps goes 1321 01:55:34.560 --> 01:55:40.000 on that it doesn't affect your CSCs holdings. It's just they are just like 1322 01:55:40.079 --> 01:55:44.640 the front face you see on your holdings. They don't control your CSS, 1323 01:55:45.000 --> 01:55:48.239 just get them. They can't go into your CSS and sell without your authorization. 1324 01:55:48.319 --> 01:55:54.479 That's why you sell a buy or sell contract that allows them to debit 1325 01:55:54.640 --> 01:56:00.319 and transfer from CSS to the buying account of the broker. This basically saying, 1326 01:56:00.359 --> 01:56:06.439 so does that answer you writing right? Does I answer you yes? 1327 01:56:06.560 --> 01:56:13.560 Yes, yes yes. The addition to that is just that when, like 1328 01:56:13.640 --> 01:56:16.560 I said, when I try to log in after I've created account on CES 1329 01:56:16.840 --> 01:56:23.439 the normal logging registration, I paid ABE three thousand n to have access to 1330 01:56:23.560 --> 01:56:27.199 that, but ei time I tried to log in, so its usually say 1331 01:56:27.560 --> 01:56:30.880 go referm me to do. That was why I asked the question now it's 1332 01:56:30.960 --> 01:56:34.359 clear, I can send email to any one of them and tell them that 1333 01:56:34.479 --> 01:56:38.680 this is the problem. So how can I do this? Then? The 1334 01:56:38.800 --> 01:56:42.000 last question I just want to ask is that now I know there is this 1335 01:56:42.720 --> 01:56:45.720 ipeos that our parents used to buy, then that they go and so they 1336 01:56:45.880 --> 01:56:50.359 meet, they saw the advert andsipant, they'll be going to attending exam or 1337 01:56:50.399 --> 01:56:55.079 what they call the meetings over and down attending meetings. But with that, 1338 01:56:55.159 --> 01:56:59.800 we're now buying the generation that is not buying online. How do we know 1339 01:57:00.039 --> 01:57:03.680 which once give dividend? Is it all stocks that give? How do you 1340 01:57:03.840 --> 01:57:13.720 know which? One very interesting question? You know. Sometimes I'm again again 1341 01:57:13.800 --> 01:57:16.199 this is not to you, right, But sometimes you know, because I'm 1342 01:57:16.319 --> 01:57:20.600 so into this, right, sometimes I hear some questions and I'm just you 1343 01:57:20.680 --> 01:57:25.600 know, I'm happy I do this because okay, let me answer the qu 1344 01:57:25.760 --> 01:57:30.319 rite him right, a company, when the companies say any every company has 1345 01:57:30.479 --> 01:57:35.199 directors and they must give them. They must give them returns, returns. 1346 01:57:35.800 --> 01:57:41.880 Dividends are not mandatory. But once you buy shares and say MTN or any 1347 01:57:41.960 --> 01:57:45.840 company and they declare a dividend, they have to declare a dividend at the 1348 01:57:45.920 --> 01:57:48.920 anal general meeting. So if they declare dividend, they will tell you when 1349 01:57:48.960 --> 01:57:53.279 they are going to pay, and they will tell you when you should be 1350 01:57:53.520 --> 01:57:57.920 a member of the company to receive a dividend. So if you simply go 1351 01:57:58.119 --> 01:58:01.439 anywhere online, go to any coronation or whatever. When you look at the 1352 01:58:01.560 --> 01:58:05.119 stock tables, if you look at the very very end of the stock table 1353 01:58:05.199 --> 01:58:09.640 you see dividends declared, they will say yes or no. They will say 1354 01:58:09.760 --> 01:58:13.560 interim or full dividends, and they will actually put the date there when they're 1355 01:58:13.560 --> 01:58:16.520 going to pay the interim dividend or the full dividends is there. Or you 1356 01:58:16.600 --> 01:58:21.560 simply go log into the share webs of the company, look for the investor 1357 01:58:21.680 --> 01:58:26.239 page. You'll tell you if the plicular dividends and when they're going to be. 1358 01:58:27.039 --> 01:58:31.199 It's the same meeting you're going to attend those agms your parents attended well, 1359 01:58:31.239 --> 01:58:35.479 where they decided to pay the dividend. When you bought shares in MTN, 1360 01:58:35.960 --> 01:58:42.760 all MTN did was to transferred your shares autraumatically to CSS in the past 1361 01:58:43.239 --> 01:58:46.600 MPTEN will give you a certificate. Then you take your certificate to your individual 1362 01:58:46.720 --> 01:58:49.760 broker, who would then put in the certificate for you. But they made 1363 01:58:49.760 --> 01:58:54.119 it a lot easier for you, so you didn't get the certificates. You 1364 01:58:54.279 --> 01:58:59.159 just got the shares transferred directly to your cso so it's more efficient for you. 1365 01:58:59.600 --> 01:59:02.159 So if to know if, for instance, flour mills or Access bankers 1366 01:59:02.199 --> 01:59:05.680 paid dividends, just go to their website, go to an investor page. 1367 01:59:06.159 --> 01:59:10.239 They will tell you that they're gonna pay dividends, when they're gonna pay it 1368 01:59:10.439 --> 01:59:14.039 and if it's in time or full otherwise. Go to the Nigeria Stock a 1369 01:59:14.119 --> 01:59:18.520 Change website. It's also there what date when they're gonna pay and all that, 1370 01:59:18.800 --> 01:59:24.760 or even any stock broken up will tell you the stock is paying dividends 1371 01:59:24.840 --> 01:59:29.199 and when they're gonna pay. It's not mandatory they pay. Whether they're going 1372 01:59:29.279 --> 01:59:31.079 to pay, they will declare it and they'll be given to you. So 1373 01:59:31.199 --> 01:59:35.039 run he make sure you can also tie your dividends to your bank account, 1374 01:59:35.720 --> 01:59:40.640 so not't allow them to post the difidends to unit certificate. Give them your 1375 01:59:40.720 --> 01:59:45.439 bank account. It's called eed dividends, so they pay your e dividends directly 1376 01:59:45.479 --> 01:59:47.279 to your bank account. And I will say this, open up a separate 1377 01:59:47.479 --> 01:59:53.119 bank account for your dividends don't receive dividends into your NORN bank account because it 1378 01:59:53.159 --> 01:59:58.079 might mistakeically going to sue. You open a separate bank account for your dividends, 1379 01:59:58.399 --> 02:00:02.479 so you can't do what's called a dividends reinvestments plan DRIP. In America, 1380 02:00:02.880 --> 02:00:06.479 most of the companies offer a drip plan, which means you don't get 1381 02:00:06.600 --> 02:00:12.760 paid your dividends. But deveers have applied automatically to buy your new shares. 1382 02:00:12.840 --> 02:00:15.079 In nigi're not so, but you have to ask for it, so they 1383 02:00:15.079 --> 02:00:18.039 don't offer a drip. Create one for yourself. You open a new bank 1384 02:00:18.079 --> 02:00:23.199 account for your dividends. Your dividends are paid to their bank account, then 1385 02:00:23.279 --> 02:00:26.439 from the bank account you now issue. You're a broker in new check to 1386 02:00:26.640 --> 02:00:30.199 buy your new shares. That's how you want to do it. Don't mix 1387 02:00:30.279 --> 02:00:32.760 your dividends in with your normal bank account. So that's the best practice for 1388 02:00:32.880 --> 02:00:40.399 you. Don't answer a question right here, yes, yes, yes, 1389 02:00:40.479 --> 02:00:43.239 thank you soon, thank you so much, thank you so much, excellent. 1390 02:00:44.279 --> 02:00:46.560 I don't want to be a last one. Is that okay? Now 1391 02:00:46.680 --> 02:00:53.119 I bought empty. Now I bought down sugar dandees on Shrove. Now let's 1392 02:00:53.119 --> 02:00:57.079 say they I don't know if anyway. Maybe I would just return to those 1393 02:00:57.079 --> 02:01:00.720 people and ask questions. They have customers. As you can't measure it. 1394 02:01:00.199 --> 02:01:03.159 If you want to mergine the two one you can that becomes your broker. 1395 02:01:03.239 --> 02:01:06.119 That means that if you want to sell, you sell from that broker. 1396 02:01:06.319 --> 02:01:10.159 You get to I actually want you to measure it if you if I have 1397 02:01:10.359 --> 02:01:13.279 your shares it with me, you must sell through me. You get the 1398 02:01:13.399 --> 02:01:17.920 game. So it's like having money in the bank. You have money in 1399 02:01:18.000 --> 02:01:20.880 Access bank. You can go to g TB and say I want my money 1400 02:01:20.880 --> 02:01:24.159 in Access bank. You have to go to Access bank and take your money 1401 02:01:24.199 --> 02:01:26.720 out of the same with shares. When you get the money, you put 1402 02:01:26.760 --> 02:01:29.359 it in the bank. Then when you almost get your money, you go 1403 02:01:29.439 --> 02:01:31.600 to that same bank and withdraw with the ATM. So the bank is your 1404 02:01:31.640 --> 02:01:36.319 CSS. Okay, all right, thank you so much. Welcome Noel, 1405 02:01:38.439 --> 02:01:44.039 noel, I've got no well, no weel hopping? What's up? No 1406 02:01:44.159 --> 02:01:47.199 weel going once? No well going twice? I've got this full any headsman, 1407 02:01:47.760 --> 02:01:51.359 how are you doing? Sir? Hello? Thank you very much for 1408 02:01:51.439 --> 02:02:00.560 this opportunity. So let me see please go ahead. Oh okay, thank 1409 02:02:00.600 --> 02:02:04.039 you very much. Once again, So my question is still about dividends or 1410 02:02:04.680 --> 02:02:10.880 it is again I just wanted to understand. So I do understand companies have 1411 02:02:11.079 --> 02:02:15.760 a specific time that they paid dividends, some based on maybe the quarter basis 1412 02:02:15.840 --> 02:02:19.800 at all. But what happens when they do not make profit? Because it 1413 02:02:19.920 --> 02:02:24.600 seems like dividends are paid based on the profit that they make. So what 1414 02:02:24.760 --> 02:02:30.119 if the company you know doesn't make profit or or what if maybe the company 1415 02:02:30.199 --> 02:02:32.960 goes bankrupt? What really happens? Great question. So when you buy a 1416 02:02:33.079 --> 02:02:38.319 share, you are buying the profits and the loss. So a difend is 1417 02:02:38.359 --> 02:02:44.319 not mandatory when you invest in a company, the company can pay or cannot 1418 02:02:44.399 --> 02:02:47.279 pay. The company can make a profit and not pay you dividends. Tesla 1419 02:02:47.520 --> 02:02:50.880 does not pay dividends. As a matter of fact, the way you know 1420 02:02:51.600 --> 02:02:57.039 a growing company is that they don't pay dividends. Google did not pay dividends 1421 02:02:57.079 --> 02:03:01.319 for a long time. Microsoft test that didn't pay dividence. Mature companies pay 1422 02:03:01.479 --> 02:03:05.800 dividends because the way they think is that if the company is growing, it 1423 02:03:05.960 --> 02:03:12.840 can use its money better to grow that by investing in its own company than 1424 02:03:12.960 --> 02:03:15.319 paying you a dividence. Do you get it? So? In Nigeria, 1425 02:03:15.720 --> 02:03:18.640 most companies pay a dividend. A good way for you to know is this, 1426 02:03:19.399 --> 02:03:25.560 if you go to the's a sector called the Nigerian Pension Index in Nijer 1427 02:03:25.720 --> 02:03:29.039 talk about it. They have indexes. It's als called the Nigerian Pension Index. 1428 02:03:29.680 --> 02:03:32.800 Nigerian pension companies will not buy a company that does not pay a dividend. 1429 02:03:33.159 --> 02:03:35.399 That's their rule. So if you don't pay a dividends in Nigeria, 1430 02:03:35.960 --> 02:03:40.359 the PFIs will not buy your share. So the PFIs have their own index. 1431 02:03:40.800 --> 02:03:43.279 So a good way for you to know a company that pays difference to 1432 02:03:43.399 --> 02:03:46.479 just look at the Nigerian Pension Index. If the company goes bankrupt, no 1433 02:03:46.600 --> 02:03:50.399 dividends. The company can also make a profit and decide not to pay you 1434 02:03:50.479 --> 02:03:55.239 a dividends, no problem, the company can. They don't allow a company 1435 02:03:55.319 --> 02:03:59.560 to borrow and pay dividends, but some companies get very innovative and do that. 1436 02:04:00.199 --> 02:04:02.279 So it's not a guarantee you get a dividend. That's the difference between 1437 02:04:02.359 --> 02:04:06.319 shares and debts. When you learn the company money, they must pay you 1438 02:04:06.439 --> 02:04:11.119 back when you buy their shares. They are not Mandy doesn't pay dividend it's 1439 02:04:11.159 --> 02:04:13.079 not by force, and they can't pay you whatever. They can pay you 1440 02:04:13.159 --> 02:04:16.399 one goble per share or pay your tenner share. So that you have high 1441 02:04:16.520 --> 02:04:20.119 diffident paying companies and you have low dif them paying companies. Cenn It Bank, 1442 02:04:20.119 --> 02:04:24.640 it's been high dividends, senll It Bank, some companies and now you 1443 02:04:24.800 --> 02:04:30.600 don't pay dividend. Yeah. Does I help money? Yes, it does, 1444 02:04:30.760 --> 02:04:33.439 but just a follow up if that's possible. So what I'm looking at 1445 02:04:33.600 --> 02:04:36.840 is now you could see that some people that are investing in right, so 1446 02:04:38.039 --> 02:04:43.359 I would look at a few companies that are dividends paying stocks. Now that's 1447 02:04:43.399 --> 02:04:45.920 what I want to invest in. So I'm going to say, okay, 1448 02:04:45.000 --> 02:04:49.560 like I have ex amount of money going to believe in these companies that pay 1449 02:04:49.600 --> 02:04:54.079 dividend, and then that dividend that is being paid to me, maybe you 1450 02:04:54.159 --> 02:04:58.840 know, I can just use that money as my I mean called passive, 1451 02:05:00.119 --> 02:05:03.279 perfect and perfect. Yeah, you're on the right track, So you can 1452 02:05:03.439 --> 02:05:06.800 do that. Like if you're objective, if you are older, if you 1453 02:05:06.880 --> 02:05:11.199 want to get dividends on the market, that's your objective income. Right, 1454 02:05:11.520 --> 02:05:15.560 you could go to Niger's stock exchange, pull up that PFA index. You'll 1455 02:05:15.600 --> 02:05:19.000 see the companies in Na Shad paid dividends. If you buy them right, 1456 02:05:19.079 --> 02:05:21.800 that means you're going to get dividends from them. So what I advice is 1457 02:05:21.880 --> 02:05:27.399 this open the bank account that is only for your dividends. Then you use 1458 02:05:27.439 --> 02:05:30.920 that bank account and you use this for your e dividends. So all those 1459 02:05:30.920 --> 02:05:34.520 companies to then pay their diviidends to that bank account and that becomes passive income 1460 02:05:34.600 --> 02:05:40.279 for you. Well said, that's how I advice you do it right. 1461 02:05:40.720 --> 02:05:43.720 Thank you very much. And one last one please, I just wanted to 1462 02:05:43.760 --> 02:05:46.920 say this especially for those that you know are in Nigeria as well. You 1463 02:05:47.039 --> 02:05:51.319 mentioned something about you know, all these right companies and all I think last 1464 02:05:51.680 --> 02:05:55.960 last day I tried playing around. It's just you know, locally buying the 1465 02:05:56.600 --> 02:06:00.640 deris and reselling it. It seems like it's a very profect, doable business 1466 02:06:00.800 --> 02:06:03.239 in my own you know, based on my own calclasis, because I feel 1467 02:06:03.279 --> 02:06:10.640 like something that I bought around twenty three ka back almost like forty to fifty 1468 02:06:10.680 --> 02:06:14.760 ke. I do understand the market changes, but I don't know, like 1469 02:06:15.279 --> 02:06:18.840 what's why is it not something that is very popular? People are not doing 1470 02:06:18.920 --> 02:06:23.039 it or are they? Like companies that specifically do that and they give that 1471 02:06:23.199 --> 02:06:29.399 much profit. Or is it for commodities specifically, yes, like food stuff. 1472 02:06:29.520 --> 02:06:31.600 Let's say, now you buy it, Yeah, I got you. 1473 02:06:32.640 --> 02:06:39.119 Well, if you ask me right. The reputable companies that do it are 1474 02:06:39.239 --> 02:06:43.119 the EFX people. They at ax a f EX. They do it right, 1475 02:06:43.239 --> 02:06:46.079 and they allow you to trade on rice, paddy, ginger, cocoa 1476 02:06:46.119 --> 02:06:49.920 and all that. Lots of local players in that you are trying to do 1477 02:06:50.039 --> 02:06:54.920 it, but they're doing it fraudulently, and some of them start off without 1478 02:06:55.199 --> 02:06:59.800 understanding that even though there's a price movement, the delivery is worth killing that 1479 02:07:00.119 --> 02:07:03.079 second nature. I know a friend that tried to do what you're saying where 1480 02:07:03.119 --> 02:07:08.279 they will take money from investors and they go to the farms and they buy 1481 02:07:08.479 --> 02:07:12.399 rice. They buy the rice before it is planted. So he was taking 1482 02:07:12.439 --> 02:07:16.520 money from people then funding farmers to plant rice, and the farmers will give 1483 02:07:16.600 --> 02:07:20.159 him the first harvest. Then he pays back the rice farmers. And if 1484 02:07:20.199 --> 02:07:24.760 you look at the profit or the return on that trade is higher than even 1485 02:07:24.880 --> 02:07:29.680 bank deposits hard and shares because you buy rice at ten thousand nier, the 1486 02:07:29.880 --> 02:07:32.920 back comes to him at ten at fifteen thousand, but he send the rice 1487 02:07:32.960 --> 02:07:40.199 at fifty thousand. The problem with this when the farmers get harvests is either 1488 02:07:40.319 --> 02:07:44.840 one story or the other. Either there there's bandits or the roads, or 1489 02:07:44.920 --> 02:07:51.039 there's insurance. You never get the actual physical things in the same consistent quantity. 1490 02:07:51.199 --> 02:07:57.319 Remember to do a communities market, you are issuing contracts, future contracts, 1491 02:07:57.720 --> 02:08:01.760 forward contract. A contract means whatever happens, you're going to deliver. 1492 02:08:01.279 --> 02:08:05.079 So the guy will come to me and say he needs four millions it four 1493 02:08:05.159 --> 02:08:09.920 million four. He cannot deliver the rise, but he has to pay the 1494 02:08:09.039 --> 02:08:13.039 interest you see it. But if he had the rice, he will deliver 1495 02:08:13.199 --> 02:08:18.479 the same bag of rice that he has been paid for in January at fifteen 1496 02:08:18.520 --> 02:08:22.840 thousand naira. He's delivering it today. So he has made fifteen thousand and 1497 02:08:22.880 --> 02:08:28.119 eight times the interested in Nigeria for free if he has the bag of rice. 1498 02:08:28.720 --> 02:08:31.079 If he does not have the bag of rice, he has to pay 1499 02:08:31.159 --> 02:08:37.840 them the naira equivalent. So the business is sound, But it is if 1500 02:08:37.880 --> 02:08:41.640 I did that same place in America. There are no bandits in Ohio, 1501 02:08:43.279 --> 02:08:46.239 there are no badgrooes in Ohio. So I will get my bag of rice 1502 02:08:46.279 --> 02:08:50.840 from Ohio to where I live without any problem, no problem, so I 1503 02:08:50.880 --> 02:08:54.159 will get my bag of rice answel and make a profit. But in Nigeria, 1504 02:08:54.279 --> 02:08:58.560 if you go in January and you tell someone pay me ten thousand today, 1505 02:09:00.079 --> 02:09:03.119 and I will either give you rise in December or I give you fifty 1506 02:09:03.439 --> 02:09:07.800 thousand nine December. What you are doing is that you are taking a forward 1507 02:09:07.960 --> 02:09:13.479 bet, a forward bet that the roads and danger will be safe for you. 1508 02:09:13.920 --> 02:09:16.920 If the roads are safe, you can get your rice out. So 1509 02:09:18.079 --> 02:09:22.119 by the same rise and make fort thousand and three. But the rows are 1510 02:09:22.119 --> 02:09:26.880 not bad. You've lost forty thousand. That's the problem. That's the there's 1511 02:09:26.920 --> 02:09:31.600 not a long with But the environment and does not allow that sort of agricultural 1512 02:09:31.840 --> 02:09:35.479 forward doesn't allow it. So I would to advise you to do it as 1513 02:09:35.560 --> 02:09:39.279 a vendor Olim they go ahead. What do you yeah? Agree to the 1514 02:09:39.359 --> 02:09:48.159 party with countle Plightly equidity is yeah, you stop pocket And I'm doing for 1515 02:09:48.279 --> 02:09:54.319 three that the spots market itself is not so liquid apartform baking stocks and j 1516 02:09:54.520 --> 02:10:01.000 stats stuff that chief talks. It's always advisable for reason till to have with 1517 02:10:01.000 --> 02:10:05.439 a longer term perspective, and that's why personal finance education is very important because 1518 02:10:05.479 --> 02:10:11.119 you need to understand that the markets like the United States for example, market 1519 02:10:11.199 --> 02:10:13.960 makers provide equidity. Still at that you still see gaps if you look at 1520 02:10:15.000 --> 02:10:22.920 the chance to see caps, gps, not trading zones, but maybe because 1521 02:10:22.159 --> 02:10:26.000 they're not as part in the market. So you have to be very careful 1522 02:10:26.239 --> 02:10:28.960 because the caps can't make you lose money. So derivatives in the career, 1523 02:10:30.279 --> 02:10:35.680 if you really free agriculture, they have to go through the affairst round and 1524 02:10:35.920 --> 02:10:39.319 just like as you said that you need to go direct with them and understand 1525 02:10:39.359 --> 02:10:45.760 the risk because the equality this comesroom is in big factor trading your markets. 1526 02:10:45.960 --> 02:10:48.960 And that's why I usually tell people that see, you cannot make money in 1527 02:10:50.159 --> 02:10:54.880 trading or short the trading except you work in those top investments and firms that 1528 02:10:56.199 --> 02:11:03.600 have the cash and play to do. Yeah, that's just the limit. 1529 02:11:05.920 --> 02:11:09.199 That's just it. It's the numbers look good on paper, but the writing 1530 02:11:09.319 --> 02:11:13.720 nigeria is that delivery risk is a big problem for liquid risk, big problem. 1531 02:11:13.800 --> 02:11:18.319 You see, well, you see that top ten returns for Nager stock 1532 02:11:18.399 --> 02:11:22.159 market, the top ten returns if you notice the top ten guys are those 1533 02:11:22.279 --> 02:11:26.680 very liquid stocks they're making one thousand percent. But if you try to sell 1534 02:11:26.119 --> 02:11:30.560 five millions of those stocks, you can't find them. You can't buy or 1535 02:11:30.600 --> 02:11:35.119 sell them. But they're doing ten thousand percent return. You know you have 1536 02:11:35.239 --> 02:11:43.800 to sell them than Yeah, you can't get ready by price most of the 1537 02:11:43.920 --> 02:11:48.199 time, so it's just the quoting the number return, but not the actual 1538 02:11:48.319 --> 02:11:50.319 it's not available. If you go today now to buy those stocks, you 1539 02:11:50.359 --> 02:11:54.319 can't see them, but it's ten thousand percent return. So that's that's really 1540 02:11:54.359 --> 02:11:56.880 the cool. If you want to do commodities, I would just say stick 1541 02:11:56.920 --> 02:12:01.000 with effects, you know, stick with those guys say no, they own 1542 02:12:01.079 --> 02:12:05.119 the warehouse, so they have the commodities in the warehouse. So the deliver 1543 02:12:05.199 --> 02:12:09.520 risk is a bit with you stand trying to trade on your own. I 1544 02:12:09.600 --> 02:12:13.000 mean, if you guys do it, But man, it's the Wii life 1545 02:12:13.039 --> 02:12:16.840 too much. That's nasty. I'm telling you. There's a guy that comes 1546 02:12:16.880 --> 02:12:20.399 to my space, Harna comes to my space a farmer, and he will 1547 02:12:20.439 --> 02:12:24.560 still tell me he's making one bag of rice. How much sense bag of 1548 02:12:24.680 --> 02:12:26.720 me is? You know? After he does all that, how much it 1549 02:12:26.800 --> 02:12:30.680 pays for a truck to go from with his farm to legos. It just 1550 02:12:30.720 --> 02:12:33.960 doesn't make any sense. It doesn't make any sense. But the issue that 1551 02:12:35.479 --> 02:12:39.199 you keep bringing up about delivery, why does it have to be delivered? 1552 02:12:39.319 --> 02:12:43.640 And you also mentioned something about like call meaning like you buy ahead of time. 1553 02:12:43.239 --> 02:12:48.800 Yes, let's say now, for instance, I do want to buy 1554 02:12:50.239 --> 02:12:54.800 so when they have this is done basically when everybody's harvesting and stuff, people 1555 02:12:54.079 --> 02:12:58.600 buy already. So I buy this and then I keep it. Yeah, 1556 02:12:58.399 --> 02:13:05.439 so ideally people are going to be be planting again, and then people are 1557 02:13:05.479 --> 02:13:09.000 still consuming this, then logically the price will go up, and then that's 1558 02:13:09.079 --> 02:13:11.760 when I sell those things that I do have. So say, now, 1559 02:13:11.880 --> 02:13:15.720 mister callor you give me, you know, like ten million RA and I 1560 02:13:15.840 --> 02:13:18.319 buy let's say, like a thousand bucks, and then I keep them. 1561 02:13:18.640 --> 02:13:24.319 I took this money around September, and then now next year around maybe I 1562 02:13:24.359 --> 02:13:26.800 don't know, end of the year, December or something like this, I'm 1563 02:13:26.840 --> 02:13:31.760 going to sell those particular things. And perhaps since I'm making a profit, 1564 02:13:31.720 --> 02:13:39.800 I'm paying maybe I'm paying you whatever it is, maybe we're sharing the profit. 1565 02:13:41.760 --> 02:13:46.239 So what's the problem with the transportation here? I feel like just buy 1566 02:13:46.319 --> 02:13:50.039 and sell, or people just buy before actually planting. Where's the problem, 1567 02:13:50.119 --> 02:13:56.000 come fross. So remember that what you are doing is a trade if you 1568 02:13:56.119 --> 02:14:01.159 don't have the underlining assets upon the scheme. What you are saying is this, 1569 02:14:01.359 --> 02:14:05.159 and I'll give you the exact for pull listening for me, put let 1570 02:14:05.199 --> 02:14:11.319 me can follow us. Rice sells more in December and November than say April 1571 02:14:11.560 --> 02:14:16.359 or March. So what people do is that they'll come to you and say, 1572 02:14:16.760 --> 02:14:20.479 give me ten thousand and aerra today. In December, I will give 1573 02:14:20.520 --> 02:14:26.119 you rice for ten thousand and ira. That's what people are doing. That's 1574 02:14:26.159 --> 02:14:30.000 the trick. Give me tens of hours today. In December, you get 1575 02:14:30.159 --> 02:14:33.159 rice for ten thousand and ira. What does the guy do with your ten 1576 02:14:33.199 --> 02:14:37.319 thousand? He takes your ten thousand, he takes five k and gives the 1577 02:14:37.439 --> 02:14:46.560 farmer. So he buys the farmer's produce already at five thousand in January or 1578 02:14:46.600 --> 02:14:50.960 whatever. Because the farmer is getting money ahead of time, the hummer will 1579 02:14:50.000 --> 02:14:56.439 give him discounts on the rice harvest. So in December, what happens if 1580 02:14:56.479 --> 02:15:01.880 the farmer gives him the rice. He has taken your ten thousand. He 1581 02:15:01.079 --> 02:15:05.800 gives you rice. So man, people don't care about the rice. What 1582 02:15:05.960 --> 02:15:07.039 they are going to get. They will say, don't worry, sell my 1583 02:15:07.319 --> 02:15:11.159 rice and give me the profit. So he will sell that rice is given 1584 02:15:11.199 --> 02:15:18.800 to them a ten thousand for forty thousand, give them forty thousand. What 1585 02:15:18.039 --> 02:15:24.079 is his profit is probably they're taking your ten thousand in January and invested it 1586 02:15:24.159 --> 02:15:28.359 for eleven months. That's his profit. So why do pulling invest Because they're 1587 02:15:28.359 --> 02:15:31.199 going to get the price of rice in December. They will say, oh, 1588 02:15:31.520 --> 02:15:33.720 my rice is not worth forty key. I don't want you to give 1589 02:15:33.760 --> 02:15:35.520 me the rise in December. Just sell it for me in whatever it is, 1590 02:15:35.880 --> 02:15:41.319 giving an error value, you see, that's the trade. Without having 1591 02:15:41.399 --> 02:15:46.039 the rice to sell. That means he's going to go and borrow forty thousand 1592 02:15:46.159 --> 02:15:50.359 error and pay you. That's delivery I'm talking about. That's what's going on 1593 02:15:50.800 --> 02:15:54.640 because the rise that the farmer he has paid it from me if I can't 1594 02:15:54.640 --> 02:15:58.239 deliver to him either because bandits or road was bad, so he doesn't get 1595 02:15:58.279 --> 02:16:01.880 the rice to sell to pay you back. Do you get what I'm saying, 1596 02:16:01.920 --> 02:16:07.399 sir? Without having that rise, it's a poonzy scheme, which is 1597 02:16:07.479 --> 02:16:09.800 what people now stare to do. They'll now say okay instead of send the 1598 02:16:09.920 --> 02:16:15.640 rise. They will get money from new people and pay you, then take 1599 02:16:15.720 --> 02:16:18.800 money from new people and paying new guy. That's where this whole pont enow 1600 02:16:18.880 --> 02:16:24.439 started because there's no Rise being sold, but there's new money coming in to 1601 02:16:24.560 --> 02:16:28.399 buy rise in January to send in December. If you go to that warehouse, 1602 02:16:28.439 --> 02:16:31.319 there's no palm oil, there's no yam, there's no rise, but 1603 02:16:31.399 --> 02:16:35.799 they have millions of narra from people bringing new money to pay off the old 1604 02:16:35.879 --> 02:16:39.319 money and all that. That's what's that's the fraud I'm telling you about. 1605 02:16:39.079 --> 02:16:43.760 There's nothing wrong with the transaction if we could get the rise because everybody benefits. 1606 02:16:43.959 --> 02:16:50.120 The farmers get money outside the banking sector. The guy in Legos gets 1607 02:16:50.639 --> 02:16:56.559 customers that need rice cheaper than December buying in December. Everybody wins. The 1608 02:16:56.920 --> 02:17:01.760 problem is the insecurity and the infrastruatetion does not allow this rise to go from 1609 02:17:01.920 --> 02:17:07.399 KB to Legos. That's what I'm saying. Does it make sense now? 1610 02:17:07.799 --> 02:17:11.600 I totally understand most of the guys you see don't have rice. It's just 1611 02:17:11.719 --> 02:17:13.760 pounsy give me money. I give you the relying on new money to pay 1612 02:17:13.799 --> 02:17:18.239 you. There's no rice they're selling to make that forty k. It's money 1613 02:17:18.280 --> 02:17:22.639 from the new people that's paying you the forty k. Yes, So that 1614 02:17:22.840 --> 02:17:26.840 means if I can buy hold it and then sell it later, that's something 1615 02:17:26.920 --> 02:17:31.799 that can perfect perfect. That's what I'm saying. If you can do that, 1616 02:17:31.920 --> 02:17:33.440 but you can't buy rice in general. Now I'm just seeing an example. 1617 02:17:33.760 --> 02:17:37.639 Because there's no rice in January. You have to buy the rise. 1618 02:17:39.120 --> 02:17:43.639 You have to pay for the rise today and hope the farmer will have that 1619 02:17:43.799 --> 02:17:48.840 price available to give to you so that you can sell that rise, pay 1620 02:17:48.920 --> 02:17:54.319 off your debt to the subscribers, make your profit, and then you close 1621 02:17:54.360 --> 02:17:56.440 the cycle. You know, you open a cycle by taking the posits for 1622 02:17:56.559 --> 02:18:01.239 rice from from people. You close that cycle by living ris, either by 1623 02:18:01.319 --> 02:18:05.200 saying the rice or giving them theirra But because there's no rights, what you 1624 02:18:05.280 --> 02:18:09.399 do you leave it in open. You now take new money. You haven't 1625 02:18:09.440 --> 02:18:11.920 closed the contract, but are taking new money. I don't want to waste. 1626 02:18:11.239 --> 02:18:13.159 I hope you get the point I'm making. That's what's the point. 1627 02:18:13.719 --> 02:18:18.000 Yeah, very much, they're welcome. Let me just get missed doctor, 1628 02:18:18.079 --> 02:18:24.600 doctor Obier. How are you doing, sir? Can you hear me? 1629 02:18:26.559 --> 02:18:28.200 How are you? We're just talking about agriculture. We were we had mister 1630 02:18:28.360 --> 02:18:33.920 Ibo and mister Able here talking about where to invest in and I know we 1631 02:18:33.719 --> 02:18:37.799 have we have penciled you down to also come in and tell us where also 1632 02:18:39.040 --> 02:18:43.079 you would invest in million narra with the ideas. I want to get people 1633 02:18:43.239 --> 02:18:48.399 attuned to investing by giving them real life examples. But in your case, 1634 02:18:48.719 --> 02:18:52.280 I want I want to make it ten million, and I want to target 1635 02:18:52.360 --> 02:18:56.200 to agriculture. Where can I invest ten million narror in agriculture in ninetia into 1636 02:18:56.319 --> 02:19:00.719 twenty four That's for you, but not now, not this space, not 1637 02:19:00.920 --> 02:19:03.159 now. But I want you to just talk about and if when when I 1638 02:19:03.239 --> 02:19:07.799 actually start able, I said, from the economy, I went top down 1639 02:19:07.879 --> 02:19:11.719 the budget and went with the best and of course I had my concern with 1640 02:19:11.040 --> 02:19:16.600 full and talking about how to fund farmacies in this off off off buying off 1641 02:19:16.719 --> 02:19:24.200 balance sheet and that were funding Germany views on that for me, there is 1642 02:19:24.280 --> 02:19:31.719 something you know doing Agreeking Natures all about trust, both from the upstream to 1643 02:19:31.840 --> 02:19:39.120 the downstream and to the mistream. And basically over the last six years some 1644 02:19:39.280 --> 02:19:43.600 of the experiences have gained I've opened my eyes on the need to do something 1645 02:19:43.639 --> 02:19:46.079 and then scale it up. Currently. What we're trying to do is to 1646 02:19:46.319 --> 02:19:58.920 raise We started around June in September to do dry seas in the spaces and 1647 02:19:58.159 --> 02:20:05.120 the to have coconuts under With one million era, you can do ten thousand 1648 02:20:05.719 --> 02:20:13.159 seedlings. Ten thousand seedlings simply miss getting the spotted nuts of the teleorativist, 1649 02:20:16.000 --> 02:20:20.000 buying the bags, getting the sands, putting the soil, planting it. 1650 02:20:22.399 --> 02:20:26.280 We did, watering, fatalizing and then watching it grow to nine months to 1651 02:20:26.440 --> 02:20:31.959 y year. For ten thousand spotted nuts of the hybrid error and super gin 1652 02:20:33.639 --> 02:20:39.399 the worst case scenario seventy to eighty percent of it we survive and grow to 1653 02:20:39.520 --> 02:20:41.959 maturity. Is a cash cow. I'm just letting out a secret. Like 1654 02:20:43.079 --> 02:20:48.399 I told you, we did three hundred thousand units two years ago. We 1655 02:20:48.600 --> 02:20:54.559 lost most of them to insecurity and bandit. In fact because of the activism 1656 02:20:54.600 --> 02:20:58.559 and most of my staff disappeared. As I'm talking to have a nosery farm 1657 02:20:58.600 --> 02:21:05.879 of about five thousand Mexican paid hippot but chat that we developed very profitable. 1658 02:21:05.239 --> 02:21:09.040 They have people that have vestiblities in the white because of US equity most of 1659 02:21:11.239 --> 02:21:15.760 so, but what they described they're not the ones within a massive or chat 1660 02:21:15.799 --> 02:21:18.319 that was not faced. We lost most of them to piece. I know 1661 02:21:18.440 --> 02:21:22.760 this UNN government are very prazy. In fact, there was one bishop that 1662 02:21:22.920 --> 02:21:26.079 mentioned to me how they will come with it. They just start government truck, 1663 02:21:26.440 --> 02:21:28.920 massive truck and they will be loading those things that they'll be taking them 1664 02:21:28.959 --> 02:21:33.079 away and nobody will question them nobody. So what I now did was this 1665 02:21:33.280 --> 02:21:37.600 year we had to now do it in the faced environment, faced and get 1666 02:21:37.680 --> 02:21:41.200 it. It's aluly a way that nobody can have access to it. It's 1667 02:21:41.200 --> 02:21:45.280 only only have four plucks and they that four plots can I actually do up 1668 02:21:45.280 --> 02:21:50.360 to fifty thousand that we're just doing it in prize of twenty thousand. Like 1669 02:21:50.479 --> 02:21:52.280 I said, with one million, you can do ten thousand, and that 1670 02:21:52.440 --> 02:21:58.319 ten thousand Euly seventy percent of vives is so much money because it is an 1671 02:21:58.319 --> 02:22:03.000 agage of about two to three hundre error to raise one three up to nine 1672 02:22:03.040 --> 02:22:07.920 months including level costs, and then you can easily sell it because it's very 1673 02:22:07.959 --> 02:22:11.200 expensive now for eight one undred narra to one thousand per three. I had 1674 02:22:11.200 --> 02:22:16.280 an experience of as somebody has me now, as that's like a dozen government 1675 02:22:16.399 --> 02:22:18.680 they always want to take advantage in fact, they can't made that. Somebody 1676 02:22:18.719 --> 02:22:22.360 wanted to pick up at a thousand unites. We agreed on a thousand ERA 1677 02:22:22.520 --> 02:22:26.680 per units, and the guy is now saying we should multiply the number. 1678 02:22:28.440 --> 02:22:31.319 And they give you to them a three thousand per units, then I will 1679 02:22:31.360 --> 02:22:33.799 pass two thousand to him, and asked me, I spent almost nine months 1680 02:22:33.959 --> 02:22:37.959 one year. I've been in distant for almost five years. I will just 1681 02:22:37.079 --> 02:22:41.319 make a spread of a past fifty sixty percent. That's kind of culture we 1682 02:22:41.479 --> 02:22:43.440 live it. But that is by the way, like I said, give 1683 02:22:43.600 --> 02:22:50.200 anybody one million ERA, I would advise the person go on crops, cash 1684 02:22:50.280 --> 02:22:56.079 crops. Either you agree with the palm trees, you're doing the duo conno, 1685 02:22:56.600 --> 02:23:03.440 or you're even doing the plants. The dead trees. The day trees 1686 02:23:03.440 --> 02:23:07.559 another cash cow. For most people who do not understand the hector of the 1687 02:23:07.680 --> 02:23:13.000 day three of one or a fifty trees in one hector can give you as 1688 02:23:13.159 --> 02:23:16.520 much as two thousand, eight one hundred dollars. In fact, the hybrid 1689 02:23:16.760 --> 02:23:22.319 in six five six years can give you about twenty dows per hector if I 1690 02:23:22.559 --> 02:23:26.399 fund the two because gets in ten thou ten dows par hector. Eight or 1691 02:23:26.479 --> 02:23:30.719 the dried dates per date foods in the market then goes for about eight thousand, 1692 02:23:30.760 --> 02:23:35.319 eight hundred dollars. See that's why it's yours cried every time, shouting 1693 02:23:35.360 --> 02:23:41.079 and screaming that Nigeria is an oive of wealth and those of them who purport 1694 02:23:41.120 --> 02:23:45.719 the governors do not have that discipline a record to do this one or things 1695 02:23:45.719 --> 02:23:50.559 that multive doot. You want to go to this ter do alf coconnas. 1696 02:23:50.600 --> 02:23:54.719 Even the hybrid musical papaire is another one that gives you a cash cow. 1697 02:23:54.479 --> 02:24:01.200 The hybrid mesical papire in eight months best estimates, it grows and the CRUs 1698 02:24:01.239 --> 02:24:07.639 for at least for five years before it's that diminish in in productivity. Three 1699 02:24:07.799 --> 02:24:15.319 is a composer about sixty to eighty heh of fresh red pampire and nine months 1700 02:24:15.440 --> 02:24:18.440 is start producing and it is some vibe. So if your plants one hundred 1701 02:24:18.559 --> 02:24:22.680 and I mugine a one hundred ninety eight percent of it is life. I 1702 02:24:22.799 --> 02:24:28.319 don't know require so much regard and so much stress to the proloberities, doctor 1703 02:24:28.319 --> 02:24:31.440 Barry. I mean, for foremost regards thisss thing here. I don't think 1704 02:24:31.479 --> 02:24:33.840 even even if they have the money. They don't have the time or the 1705 02:24:33.920 --> 02:24:41.000 knowledge it should. Are you looking towards creating some form of outlet or paper 1706 02:24:41.559 --> 02:24:43.159 where can say, okay, I have tenk care, I have one hundred 1707 02:24:43.239 --> 02:24:46.719 here and I want to invest in this is that? Shouldn't that be maybe 1708 02:24:48.399 --> 02:24:52.559 an avenue for us to explore I'm saying something to you basically, what like 1709 02:24:52.680 --> 02:24:56.959 now, that's the place I'm telling you what I have left with an experience 1710 02:24:58.799 --> 02:25:05.239 those three monthly planted in a place where this is gated where you have that's 1711 02:25:05.280 --> 02:25:07.840 what I need now in the way that you cannot have access to that place 1712 02:25:07.920 --> 02:25:11.920 unless you have the keys. And of course I have trust the hands who 1713 02:25:13.040 --> 02:25:16.559 makes go make sure that those things are taken care of and taking care of 1714 02:25:16.719 --> 02:25:20.399 when it's as when to. For those of them who do not have always 1715 02:25:20.520 --> 02:25:24.280 joined the body. If you don't, you're not on ground. Whoever you're 1716 02:25:24.319 --> 02:25:28.479 going to be partner in which you know. The era of you give somebody 1717 02:25:28.559 --> 02:25:31.399 money you don't know what the person is doing is not right. You must 1718 02:25:31.440 --> 02:25:37.440 have the evidence of the person has a gated environment, the person has the 1719 02:25:37.520 --> 02:25:41.120 fastilities to do this. Before you read your money've always said it. Anybody 1720 02:25:41.200 --> 02:25:45.360 telling you give me money. I will give you this without evidence of what 1721 02:25:45.559 --> 02:25:48.319 you will do. When you will do it, you can do it. 1722 02:25:48.959 --> 02:25:50.360 Show you use products of what to what he said he wants to do, 1723 02:25:50.760 --> 02:25:54.840 and then following up gradually and don't release all the money at the same side, 1724 02:25:54.840 --> 02:25:58.040 because that what I was what I nobney do like I have guys want 1725 02:25:58.079 --> 02:26:01.680 in the adsers Now, I know how much it costs to get disparted not 1726 02:26:03.040 --> 02:26:05.920 from Wymer in Calaba. I know how much it costs to get a bag. 1727 02:26:07.520 --> 02:26:11.159 I know how much it costs to get how many trips of you that 1728 02:26:11.280 --> 02:26:18.280 can bag ten two fifty something I've done over time. I know how much 1729 02:26:18.319 --> 02:26:22.120 it would take with it, like to apply the initial fat lads and then 1730 02:26:22.159 --> 02:26:26.239 live with it. Lads are growing. I know how many how many trucks 1731 02:26:26.440 --> 02:26:31.479 of litters of water it costs you because in dry you spend almost about ten 1732 02:26:31.520 --> 02:26:35.920 thousand liters of water every four five days. So I know how much it 1733 02:26:35.280 --> 02:26:39.639 costs to bring ten thousand liters of water into the tanks every day. I 1734 02:26:39.760 --> 02:26:43.600 know how much I paid those that water. I know how many terms you 1735 02:26:43.799 --> 02:26:46.159 have to with the family a yay. I also know how you can also 1736 02:26:46.360 --> 02:26:52.079 protect the fam from rats and Rabbi is going to eat this matter not before 1737 02:26:52.120 --> 02:26:56.000 they get you know, strong roots in the crabs. So these are things. 1738 02:26:56.600 --> 02:27:00.639 Anybody that you're talking about is telling you you want to to invest your 1739 02:27:00.680 --> 02:27:03.799 money after you need better. I can tell you this is not mentioned. 1740 02:27:03.639 --> 02:27:09.239 They are no brainer. If you can get thrust that people don't understand how 1741 02:27:09.280 --> 02:27:13.840 this is are done, and they can you invest with them what I know 1742 02:27:13.879 --> 02:27:16.319 about. Like the guys running my my my chap, now I do it. 1743 02:27:16.920 --> 02:27:20.680 I give them that comfort. At the end up the yay whatever profitablic 1744 02:27:20.680 --> 02:27:24.040 they will take forty percents, I would take sixty. They would have a 1745 02:27:24.479 --> 02:27:28.479 party in them creating job. And therefore they are being paid for taking care 1746 02:27:28.520 --> 02:27:31.760 of the place. They have typed that you pay them to measure that the 1747 02:27:31.879 --> 02:27:35.200 authoratists that are doing so, they are only just to coming. What I 1748 02:27:35.280 --> 02:27:37.239 eat is the money and what I and then go and do their business. 1749 02:27:37.360 --> 02:27:41.799 But they are sure of moneys coming to them at the end of they have 1750 02:27:41.920 --> 02:27:48.319 vers season. So papaire en error they do alf cocconauts. And I always 1751 02:27:48.639 --> 02:27:50.239 if you, if you can even in your affilage to come by land and 1752 02:27:50.360 --> 02:27:54.040 face it. If you have money, the land is there for you. 1753 02:27:54.399 --> 02:27:56.479 The value is great and you also have them that you great your for plan 1754 02:27:56.600 --> 02:28:00.959 make money for yourself, all right, So I think it's a very well, 1755 02:28:01.079 --> 02:28:03.600 we have to bring on a special space. That's what I'm hearing. 1756 02:28:03.040 --> 02:28:05.799 The DM people are saying, we should bring here on it. So we'll 1757 02:28:05.799 --> 02:28:09.280 do itemize, so they bring their note books, itemize it. I will 1758 02:28:09.319 --> 02:28:13.799 have more information because people want to come and walk it with. This is 1759 02:28:13.799 --> 02:28:15.799 what I will do one, two, three. If they can't do it, 1760 02:28:15.840 --> 02:28:18.000 they tell their broader the silkie. I heard this. I want you 1761 02:28:18.000 --> 02:28:20.680 to go and investigate this, and this is what we'll do. One, 1762 02:28:20.840 --> 02:28:24.000 this is what we'll do too, so we'll do three. So I have 1763 02:28:24.079 --> 02:28:26.239 to bring you back. So that's what the DM people are telling me. 1764 02:28:26.600 --> 02:28:28.959 And I don't care with these people here, so please let me bring it 1765 02:28:30.000 --> 02:28:33.159 back. So we take an hour and just drill down on this. And 1766 02:28:33.360 --> 02:28:39.120 because the team this year is export and diversification. And I hear you say 1767 02:28:39.120 --> 02:28:41.879 a dollar pattern. I hear you say the specification away from bonds and shares, 1768 02:28:43.239 --> 02:28:46.200 so it's right within our alley. So let's bring you back. So 1769 02:28:46.319 --> 02:28:48.840 if you don't mind, and then take our time and yes, sir, 1770 02:28:48.959 --> 02:28:52.159 I appreciate it. Pressure, you're open it. I think we've got about 1771 02:28:52.200 --> 02:28:54.000 this is how much time we've got here total before we go Loom that's been 1772 02:28:54.000 --> 02:28:56.520 hanging out with me, I've got about ten ten minutes the film that's gonna 1773 02:28:56.520 --> 02:29:00.239 be here. A strategy, I have your hand up. Let's let's this 1774 02:29:00.360 --> 02:29:03.680 baby down and see what's good strategy? Go ahead, got strategy, but 1775 02:29:03.840 --> 02:29:09.760 you go upgrade Noel justice one for justice. Go ahead. Hi everyone, 1776 02:29:11.879 --> 02:29:16.520 good evening. Where are you calling from? Yeah? Legos, okay, 1777 02:29:16.719 --> 02:29:22.879 very excellent, excellent. Also, my name is Alao me Fashional. I'm 1778 02:29:22.920 --> 02:29:28.120 sure a couple of people know me on this this iberic thing. So quick 1779 02:29:28.200 --> 02:29:33.360 on my background, Let's let's go to the struggle. Do you have a 1780 02:29:33.479 --> 02:29:37.399 question on the topic where to invest in media? Yeah? Go ahead, 1781 02:29:37.559 --> 02:29:41.399 real quick. So I'll speak to the one million. So currently, I 1782 02:29:41.639 --> 02:29:48.319 piloted a product last year February last year, somebody called me. A very 1783 02:29:48.399 --> 02:29:56.879 prominent person he speaks on TV on called me in February last year saying, 1784 02:29:56.000 --> 02:30:01.159 hey, mister, calls me mister, I have ten million. You know 1785 02:30:01.280 --> 02:30:05.920 I have some money and I want you because I have I've had a program 1786 02:30:07.120 --> 02:30:13.360 of trading agric commodity. So I want somebody to trade with the funds and 1787 02:30:13.520 --> 02:30:16.639 give me returns. And coincidentally, I have a network of procures. I 1788 02:30:16.680 --> 02:30:22.520 call them for cures. What did these guys do? Mistolla, I want 1789 02:30:22.319 --> 02:30:24.920 you want to go. You have to ask a question. I'm not gonna 1790 02:30:24.920 --> 02:30:28.920 like you to talk about this scheme in the country. No, but I 1791 02:30:30.040 --> 02:30:33.479 only get directed to the question. Let me, let me just let me 1792 02:30:33.639 --> 02:30:39.639 just speak to the topic. What can you invent one million in Nigeria? 1793 02:30:41.319 --> 02:30:46.360 One million on this platform gives you fifty thousand, So what I do is 1794 02:30:46.440 --> 02:30:50.719 it gives me six million? I give the procures. I'm sorry, I'm 1795 02:30:50.760 --> 02:30:52.120 sorry, I got I got a condomist media off. I'm so sorry about 1796 02:30:52.159 --> 02:30:58.159 that. Then get you please go ahead, Sorgy dm me. You can't 1797 02:30:58.239 --> 02:31:01.760 just speak on the plat I'm not aware of because I want to be very 1798 02:31:01.840 --> 02:31:05.959 sure that I'm only letting pull hear what I've vetted. So I'm so sorry 1799 02:31:05.000 --> 02:31:07.760 about that. You can dar me and talk about before let you speak on 1800 02:31:09.000 --> 02:31:13.840 any investment topic. Stocks bonds are regulated. But just chef religious, I 1801 02:31:13.879 --> 02:31:16.440 can't let you go on is go ahead? Okay? Thank you so much? 1802 02:31:18.040 --> 02:31:22.920 Yeah, go ahead, Okay. I am new to stock investment, 1803 02:31:22.120 --> 02:31:28.799 so I want to ask a few questions. My interest is not in My 1804 02:31:28.879 --> 02:31:35.000 interest is in the US. So I want to ask, do you think 1805 02:31:35.280 --> 02:31:41.799 stocks like in Nvidia and do you think they've reached their peak? Nobody knows, 1806 02:31:41.879 --> 02:31:45.639 bro and nobody can answer that question for you. But what we can 1807 02:31:45.760 --> 02:31:50.920 say is this right when you are buying a stock, you are trying to 1808 02:31:50.040 --> 02:31:54.000 buy this sector. So what you're asking is that do I think video graphics 1809 02:31:54.280 --> 02:31:58.879 has reached this peak? What do you think? Do you think video graphics 1810 02:31:58.920 --> 02:32:05.360 have reached? To speak? I think it's still starting. Yeah, well, 1811 02:32:05.520 --> 02:32:09.559 you know, I don't know if what we assume from outside is what 1812 02:32:09.799 --> 02:32:15.559 the market calculation deeps because I don't know, you know how to The thing 1813 02:32:15.600 --> 02:32:18.639 is that only days only day says want to talk about it, it T 1814 02:32:18.159 --> 02:32:22.200 and those new it. This is the Invida, the chips. That's a 1815 02:32:22.360 --> 02:32:28.559 very high mote business. High emote meaning that it's difficult to get in. 1816 02:32:28.440 --> 02:32:33.600 But once you are in, you have a very very short time to build 1817 02:32:33.680 --> 02:32:37.360 out your capacity because you don't become the now you know in Vida and many 1818 02:32:37.399 --> 02:32:39.600 people doing what in videos? You know, you don't know about right, 1819 02:32:39.959 --> 02:32:43.239 because they don't have the size and the skill. He's there, he's now, 1820 02:32:43.280 --> 02:32:48.079 I think that's the fastest gaps and go to the top one trillion mark 1821 02:32:48.120 --> 02:32:50.319 or near that one sillion markets and it's among the MAGNT Victim seven now. 1822 02:32:52.280 --> 02:32:54.639 So he's there now. I don't think he has reached the peak. The 1823 02:32:54.840 --> 02:33:00.120 question is that will others allow him to stay there without competition and take they 1824 02:33:00.159 --> 02:33:03.639 with his market share? That's the question. Chips, it's not just about 1825 02:33:03.719 --> 02:33:09.040 money. You might have one trillion and you can't make one chip. China 1826 02:33:09.799 --> 02:33:13.399 is importing more chips than crude oil. China, they import more chip than 1827 02:33:13.479 --> 02:33:16.440 crude oil. That's one thing they import. Chips. They can't make enough. 1828 02:33:18.000 --> 02:33:22.000 They don't have the technology. Even America cannot make those gents five chips. 1829 02:33:22.079 --> 02:33:26.559 Only South Korea and Taiwan make genty on five chips. So that sector, 1830 02:33:26.600 --> 02:33:30.479 it's not about the video. I would just buy the sector because I 1831 02:33:30.520 --> 02:33:33.280 don't know then about chips. So, but the guys are run that ETF 1832 02:33:33.399 --> 02:33:37.000 that invest in chips, they know more than I do, so they will 1833 02:33:37.000 --> 02:33:41.360 spot the next Invidia before I would even know what chips are. So I 1834 02:33:41.399 --> 02:33:46.760 would just say for those kinds of sectors where it is difficult to know the 1835 02:33:48.000 --> 02:33:50.399 movement of who's going to be a market player. Try to buy the sector. 1836 02:33:50.920 --> 02:33:54.559 For a bank, we know JIPI Morgan is a big bank. It's 1837 02:33:54.719 --> 02:33:58.959 be difficult for any bank to approa JP Morgan without or seeing that bank. 1838 02:33:58.280 --> 02:34:03.159 So we can buy an individually. But for a sector where we are not 1839 02:34:03.280 --> 02:34:05.040 sure where technic is going to go to. We don't know what's been happening 1840 02:34:05.079 --> 02:34:09.760 tomorrow, we don't know what e bt C if you approved, what will 1841 02:34:09.799 --> 02:34:13.399 happen. By the sector that's you guys, where I'm where I'm going from, 1842 02:34:13.840 --> 02:34:16.920 where you're not sure, by the sector where you think you are more 1843 02:34:16.959 --> 02:34:20.280 sure about the direction of the market. You can buy individuals talk So you're 1844 02:34:20.360 --> 02:34:28.120 saying, of course, because you are, you are diversifying your risk. 1845 02:34:28.680 --> 02:34:33.040 You can buy in Vidia today and tomorrow a new company will knock them off 1846 02:34:33.239 --> 02:34:35.360 or if that will grow. You don't know, so because you don't know 1847 02:34:35.559 --> 02:34:39.920 diversified. So even if he was invested in that sector, there are three 1848 02:34:39.079 --> 02:34:43.559 metals for you. There's buying the US, there's buying tech. Then there's 1849 02:34:43.600 --> 02:34:46.079 even buying tech chips. You can actually go down that rabbit and say, 1850 02:34:46.120 --> 02:34:50.680 okay, I can get as specific without being specific. So because you don't 1851 02:34:50.719 --> 02:34:54.639 know, I don't know, you don't know. But the guys that run 1852 02:34:54.719 --> 02:34:56.079 that said, Oliver, you knows perther than two of force because that's what 1853 02:34:56.239 --> 02:35:00.159 he covers. But I put a no model illumina because they are in the 1854 02:35:00.200 --> 02:35:03.159 silicon body. They do chips every day, so they know better than us, 1855 02:35:03.200 --> 02:35:05.399 and they run funds. So how do I give that guy my money 1856 02:35:05.440 --> 02:35:11.520 and say invest in it for me than trying to do it myself. Hence 1857 02:35:11.680 --> 02:35:18.760 ETFs that I focused on shapes or tech, would would be a banker. 1858 02:35:18.799 --> 02:35:22.799 That's what I'm trying to go to because we don't know, okay exactly and 1859 02:35:22.920 --> 02:35:28.000 I just let to add something cal you know. I think he also needs 1860 02:35:28.000 --> 02:35:33.239 to be very careful because what a lot of people look at is the returns 1861 02:35:33.319 --> 02:35:39.520 and ignore the risk. For example, a coverscate would he sudividual stocks an 1862 02:35:39.959 --> 02:35:45.799 last year Jesus is rarely common. You know, this is a very billiant 1863 02:35:45.799 --> 02:35:48.319 woman. You know, he controls one of the biggest funds in the world, 1864 02:35:48.760 --> 02:35:58.360 so you see knowledge experts With that, it's much better to measure your 1865 02:35:58.440 --> 02:36:03.559 wrisktolers with your excuse and capital. So for example, you know we spoke 1866 02:36:03.559 --> 02:36:05.639 about doing then now you're saying, oh, they want you there, but 1867 02:36:05.680 --> 02:36:11.040 they're forgotten that yet. And your size of capital matters. For example, 1868 02:36:11.280 --> 02:36:16.399 were in perplexed back petiaty had eight other eighty million dollars from Apple. But 1869 02:36:16.479 --> 02:36:22.319 if you look at the d of apples almost invisible, if you're completely then 1870 02:36:22.479 --> 02:36:26.440 you know Gtpak for example, has seen it's three times more than jip Mrgan. 1871 02:36:26.920 --> 02:36:31.360 So the question is, for example, are you what are you looking 1872 02:36:31.440 --> 02:36:35.120 for? Are you looking for how to edge against the duty volition of the 1873 02:36:35.159 --> 02:36:39.959 there and inflation, or you want campuital growth, or you're looking on how 1874 02:36:41.040 --> 02:36:46.559 to send your kid to probably pristing our bad yield. Your investment objective must 1875 02:36:46.639 --> 02:36:50.959 and language, and that is why the this space is all about enlightening guys 1876 02:36:52.000 --> 02:36:56.440 that see a perform the general financial knowledge. You also need to have the 1877 02:36:56.639 --> 02:37:03.920 personal cus on how to select and also related to your investment because the matter 1878 02:37:03.120 --> 02:37:07.079 just like can you said the guys went on Wall Street, they missed it. 1879 02:37:07.399 --> 02:37:11.479 Two thousand and last year was a good time to tell you that almost 1880 02:37:11.520 --> 02:37:16.920 everybody got it wrong. Almost everybody got it wrong. And these are guys 1881 02:37:16.959 --> 02:37:20.799 that are pants that understand that step in the market. So the best way 1882 02:37:20.840 --> 02:37:28.799 to capture trains are understanding the basic twos of picking value and how do you 1883 02:37:28.879 --> 02:37:33.879 pick value? Meeting your sense and looking for the princes assets. That's the 1884 02:37:33.959 --> 02:37:37.399 best way because this same For example, I can tell you for free that 1885 02:37:39.079 --> 02:37:41.959 the way the stock market started, now your stock market, we had two 1886 02:37:43.000 --> 02:37:46.440 point seven children again in a week, that's about two point seven periods in 1887 02:37:46.520 --> 02:37:52.159 the US stock market. The top ten biggest company and now of them are 1888 02:37:52.200 --> 02:37:58.520 American companies one with Saudi and Saudia Uncle we lost three under twenty Begoon two 1889 02:37:58.159 --> 02:38:03.479 investors. It almost lost about time Begon last week. So you have to 1890 02:38:03.559 --> 02:38:07.040 fact all these things that are you ready to capture the trend of market plaity? 1891 02:38:07.440 --> 02:38:11.000 Can you afford to lose parlator in the U S talp market that you 1892 02:38:11.200 --> 02:38:16.760 know ship because things a lot investing Okay for me, I'm looking at the 1893 02:38:16.959 --> 02:38:20.360 long term. It's like an idol for so it will not affects me to 1894 02:38:20.479 --> 02:38:28.319 be And so I think I've mentioned the etios like you know, because if 1895 02:38:28.319 --> 02:38:33.239 you look at the advantage of ETOs, you see and does plot a hundred 1896 02:38:33.319 --> 02:38:35.440 year graph on the Nigeria stop market that you have stop You see why a 1897 02:38:35.520 --> 02:38:39.120 lot of people say you have stop markets is more diable because over time the 1898 02:38:39.280 --> 02:38:46.120 US stock market has an apt prey. You might see it's deeping at some 1899 02:38:46.239 --> 02:38:50.319 point, but if you look at the graph and the hundred year hundred years, 1900 02:38:50.000 --> 02:38:52.719 but you cannot see that with my jera. For many reasons, you 1901 02:38:52.840 --> 02:38:56.920 have liquidities. Many AGERA companies are young. If you look at the best 1902 02:38:58.000 --> 02:39:03.840 performing and niger store stocks in the last thirty years, you only picked maybe 1903 02:39:03.879 --> 02:39:07.120 three or four and that's pretty much because of the can of economy run. 1904 02:39:07.280 --> 02:39:11.319 So you also need to factor all those risks. But you also need to 1905 02:39:11.319 --> 02:39:16.479 also look at what is go wrong. We saw some stocks like paper, 1906 02:39:16.559 --> 02:39:20.360 for example, hitting while other stuffs were hitting record high. People was into 1907 02:39:20.399 --> 02:39:28.319 two be clue. We saw in the companies that that have people variations. 1908 02:39:28.360 --> 02:39:30.520 At the end of the day, we work, look at what we work 1909 02:39:30.559 --> 02:39:33.159 need to investors. So it's not that all the stock that the areally that 1910 02:39:33.239 --> 02:39:37.479 comes to investment, but not looking as the top points initially a way that 1911 02:39:37.559 --> 02:39:39.600 I love people lost money in the last ten years of marketing. Fact, 1912 02:39:41.440 --> 02:39:45.879 many edge ones close businesses because the better casetest down, so you have to 1913 02:39:45.959 --> 02:39:50.200 fact all those risks. Yeah, honestly, in video is not that bad. 1914 02:39:50.280 --> 02:39:52.360 I mean the price to an industry issue is about sixty four. Now 1915 02:39:52.520 --> 02:39:56.120 both forward is about tudit tree, which means if you are buying that stock 1916 02:39:56.200 --> 02:40:03.120 today today, at the price listed today, your dividends is about zero point 1917 02:40:03.239 --> 02:40:07.399 zero three. So forget about dividends in that stock. Your price to ending 1918 02:40:07.479 --> 02:40:09.479 sixty four, which means will take you sixty four years to get back your 1919 02:40:09.559 --> 02:40:15.600 purchase price. Also means that investors think this company is going to grow very 1920 02:40:15.719 --> 02:40:18.360 very fast. To that part to pay more for one particular stock of Nvidia, 1921 02:40:18.520 --> 02:40:22.760 Ford pe about twenty three a price to book thirty six, So it's 1922 02:40:22.760 --> 02:40:28.079 an overpriced, not value overpriced stock, and people are paying much because they 1923 02:40:28.200 --> 02:40:31.879 think the stock will rise. So the Reliquo question for you is do you 1924 02:40:31.959 --> 02:40:35.920 agree with them? Look at the endingspecion while we're paying so much ning special 1925 02:40:37.079 --> 02:40:41.920 this year two hundred and six seven percent, that's absolutely crazy. Yeah, 1926 02:40:43.000 --> 02:40:48.600 that's absolutely crazy. So it's a good stock now. Written on investment forty 1927 02:40:48.680 --> 02:40:52.920 four percent, return on accest tty percent on equity sixty nine percent, gross 1928 02:40:52.000 --> 02:41:00.600 margin sixty nine percent Wow, profit margin forty two percent. I mean I 1929 02:41:00.639 --> 02:41:03.360 would there's no question that's a great company. Like I said, the reasons 1930 02:41:03.440 --> 02:41:07.120 very very fast. The idea is that I don't know about the sector. 1931 02:41:07.200 --> 02:41:09.440 You don't know about the sector. You're only talking about the Vida because you've 1932 02:41:09.440 --> 02:41:13.399 seen the stock. Go give it to the experts to do for you. 1933 02:41:13.040 --> 02:41:18.319 So you can buy directly, but that's concentrating your your fonds. Or you 1934 02:41:18.399 --> 02:41:24.200 can buy the ETF and you know that it attracts tech stocks and you're also 1935 02:41:24.319 --> 02:41:26.920 in here. If you buy VT, you've bought the stock. You buy 1936 02:41:28.000 --> 02:41:31.040 the the et that trust investments, you've also bought the stock. So try 1937 02:41:31.120 --> 02:41:35.239 to maybe go concentrate and let me see the Vanguard. I'll get name for 1938 02:41:35.319 --> 02:41:39.079 you, the Vanguard Tech et F. It's v something holy did you know 1939 02:41:39.200 --> 02:41:45.840 it? Vanger Tech. Let me get the exact tickeer for you that the 1940 02:41:45.959 --> 02:41:48.319 Vanguard. Well, I like Vangar is cheaper, not that it's the best, 1941 02:41:48.399 --> 02:41:56.600 it's just cheaper. So v just yeah, the VGT, that's I'm 1942 02:41:56.600 --> 02:42:01.600 giving out VGT. If you buy vg that's Vanguard Information Technology et of VGT. 1943 02:42:01.799 --> 02:42:05.639 So if you just search for vg T on your robbin hood whatever poses 1944 02:42:05.799 --> 02:42:09.399 up for you that would have in VA. So the cost is very very 1945 02:42:09.520 --> 02:42:13.959 low. Then if you brought through a broker, that's the whole I am 1946 02:42:13.000 --> 02:42:16.520 even that cost. If you give me a second, just pulling up for 1947 02:42:16.639 --> 02:42:20.079 me, you had you are saying cost of beings with them. Yes, 1948 02:42:20.799 --> 02:42:24.040 that's that's the expense ratio. That's what Look you look for the expense ratio. 1949 02:42:24.399 --> 02:42:28.959 The expansion for BGT is points one zero ten percent, not time ten 1950 02:42:30.079 --> 02:42:35.600 points one zero. That's the exponenty you gotta bind you true VGT points one 1951 02:42:35.760 --> 02:42:41.840 zero. It's not bad. It's not bad. Yeah. So if you 1952 02:42:41.840 --> 02:42:46.520 got bind the Yeah, that's the the VGT. Look just google Google for 1953 02:42:46.639 --> 02:42:50.280 it. There goes robbing hood plot in there. It gives you more information. 1954 02:42:50.639 --> 02:42:56.360 It's very risky. Yeah, but you see the investments a dollar expensi 1955 02:42:56.639 --> 02:43:01.639 point one Yeah, so go for it. Yeah, a lot of people 1956 02:43:01.000 --> 02:43:05.879 this problem that you know the an there are menum most of the people just 1957 02:43:07.000 --> 02:43:11.959 called a Nigeria's that resign in Nigeria. They don't have. So when you 1958 02:43:13.079 --> 02:43:16.879 converse the rates to black market men and you know the broadkers they use, 1959 02:43:18.520 --> 02:43:26.040 you don't use the kind of brokers hours have very attractive commission Commissioner rates. 1960 02:43:26.239 --> 02:43:31.040 So the quesson is I think it's fir to say that it is as seper 1961 02:43:31.159 --> 02:43:39.200 than treating with that kind of option for every Nigeria. That it's much more 1962 02:43:39.280 --> 02:43:46.719 expensive to trade a single sports assets like stocks you and US stalks from Nigeria 1963 02:43:46.959 --> 02:43:52.879 than it is because it is how a cheaper. Yeah it is again only 1964 02:43:52.000 --> 02:43:56.079 I agree with you, but it's just that it's cheaper. So with twenty 1965 02:43:56.159 --> 02:44:01.479 five dollars you can buy into an ets this this big needs a dollar to 1966 02:44:01.639 --> 02:44:05.280 buy one dollar because you can buy the fraction the fraction of the stock. 1967 02:44:05.319 --> 02:44:09.159 You're not you can't buy the food and it's almost four hundred dollars or so 1968 02:44:09.280 --> 02:44:11.440 to buy one. But you can buy a fraction twenty five dollars in Nigeria. 1969 02:44:11.799 --> 02:44:18.200 That's twenty five times twelve hundred with my calculator, twenty five times twelve 1970 02:44:18.280 --> 02:44:20.840 hundred. Who can do that real quick? That's how much used to buy 1971 02:44:20.920 --> 02:44:24.120 this stock. If you buy this particular Vigity again, I am not making 1972 02:44:24.200 --> 02:44:28.719 a recommendation or just talking. If you buy Vigit, you are buying twenty 1973 02:44:28.760 --> 02:44:35.200 two percent in Apple. So this stock Digity etf owns twenty percent, owns 1974 02:44:35.239 --> 02:44:39.440 twenty percent Microsoft, and then owns four percent in Vidia. So with twenty 1975 02:44:39.520 --> 02:44:45.440 five dollars, you are buying into a stock that has these assets Microsoft, 1976 02:44:45.760 --> 02:44:50.159 Apple, in Vidia, Broadcom, Adobe, Salesforce, Essential, That's what 1977 02:44:50.239 --> 02:44:52.799 you're buying. So there's no other way. I can think of a guy 1978 02:44:54.520 --> 02:44:58.879 in Nigeria that wants to expose it's for folio to feign stock that is diversification. 1979 02:45:00.479 --> 02:45:05.200 There's no other way. I know you can buy stocks without going during 1980 02:45:05.319 --> 02:45:09.559 et there's no. You can't afford it to buy directly. So compared to 1981 02:45:09.719 --> 02:45:11.360 five dollars two four hundred dollars, if you try to buy it yourself, 1982 02:45:13.360 --> 02:45:16.920 it's just too much. So yeah, it's it's when I grew up, 1983 02:45:16.959 --> 02:45:20.600 and you know, when I grew up, distance where available. You couldn't 1984 02:45:20.760 --> 02:45:26.520 buy a phony stock from Nigeria. Now you can, so it's not cheap, 1985 02:45:26.680 --> 02:45:31.239 but the market price is faunas to two dollars for one Yeah, yeah, 1986 02:45:31.360 --> 02:45:35.399 sorry, I'm actually in the US. Is it something that I most 1987 02:45:35.479 --> 02:45:39.239 do? No, you can buy true, even most of the banks in 1988 02:45:39.280 --> 02:45:43.760 America would like you to buy fractional shares. Wells Fargo, if you go 1989 02:45:43.879 --> 02:45:46.639 to if you logan and you have an account, you can do trade stocks 1990 02:45:46.879 --> 02:45:50.840 JP Morgan, all the banks have trades, stock Trading, Ted, America, 1991 02:45:52.120 --> 02:45:56.000 Trash Sharp, their many options. In America, you have no problems. 1992 02:45:56.479 --> 02:46:00.799 You can buy through any place. It's in Nigeria where they because they 1993 02:46:00.840 --> 02:46:05.079 don't have a social they have to go through specific apps that are true drive 1994 02:46:05.200 --> 02:46:07.120 World. But if in America Bell, you can buy anywhere. It's the 1995 02:46:07.159 --> 02:46:09.879 same thing. You're not gonna get it cheaper or whatever. If you go 1996 02:46:11.079 --> 02:46:16.040 directly, it's cheaper on this system it's zero points. The expense porrates is 1997 02:46:16.440 --> 02:46:18.639 point one. But you can buy anywhere. If you have a stock booking 1998 02:46:18.719 --> 02:46:22.840 per platform, just go in there and buy directly. Well, am I 1999 02:46:22.920 --> 02:46:28.719 going to be able to buy ETF th stock broker? Yeah. ETF simply 2000 02:46:28.840 --> 02:46:31.200 means a mutual phone that you can trade during the day. There's nothing special 2001 02:46:31.239 --> 02:46:33.639 about it. Your broker can buy an ETF for you. You can buy 2002 02:46:33.680 --> 02:46:37.600 yourself on your phone. It's nothing special about it. I've given you the 2003 02:46:37.680 --> 02:46:43.920 takeer VGIT. Just go to Robinhood or your broker VGT if you want it. 2004 02:46:43.040 --> 02:46:46.600 If you think it much is your objective or risk profile, consider it. 2005 02:46:46.760 --> 02:46:50.040 I'm not giving your recommendation. It's because you're talking about it. Yeah, 2006 02:46:50.680 --> 02:46:52.840 thank you, all right, you're very welcome. Let's get and look 2007 02:46:52.879 --> 02:46:58.920 and see how you doing. Go ahead, sir, going once on the 2008 02:47:00.200 --> 02:47:03.760 going twice Noel, mister Noel. How are you doing, sir, mister 2009 02:47:03.840 --> 02:47:09.920 Noel, Mister Noel, going once, mister Noell, going twice, one 2010 02:47:09.040 --> 02:47:13.399 for mister with the hands of only real Sam, only on the score real 2011 02:47:13.479 --> 02:47:16.879 some Hi, sir, please go ahead. I believe me hi doing, 2012 02:47:16.959 --> 02:47:20.760 sir. Yeah, thank you for this space. And I just stumbled on 2013 02:47:20.879 --> 02:47:26.079 it. And I'm not very happy because you know, I bought my first 2014 02:47:26.159 --> 02:47:33.239 year in the year seven. I can't remember that year, but I was 2015 02:47:33.280 --> 02:47:35.920 still a young boy at that time. I just wanted to see how what 2016 02:47:37.120 --> 02:47:41.360 it looks like buying a ship. So I bought it and and I just 2017 02:47:41.440 --> 02:47:46.079 made a decision this year to start also playing in the niger stock market again 2018 02:47:46.159 --> 02:47:52.239 because I saw one there's a post I saw on Facebook where you know, 2019 02:47:52.399 --> 02:48:00.200 somebody posted the top ten performance stocks in Nigeria it last year. So and 2020 02:48:00.680 --> 02:48:03.719 that motivated me again to you know, to look into today and now you 2021 02:48:03.760 --> 02:48:09.280 don't stop marketing again and see what I can make out a free so now 2022 02:48:09.440 --> 02:48:15.479 I just have a few questions please. First of all, I know when 2023 02:48:15.520 --> 02:48:18.440 I bought that my share in two six, two seven, I had a 2024 02:48:18.799 --> 02:48:22.680 c SS number, which I don't have it again. I've lost it, 2025 02:48:22.959 --> 02:48:28.879 and even the shares certificate and everything, and that's what I bought, I 2026 02:48:28.000 --> 02:48:33.000 can't really trace it. So I want to know how I can get back 2027 02:48:33.079 --> 02:48:37.319 that c S number, if there is a way to trace that number again. 2028 02:48:37.559 --> 02:48:39.600 Yeah, of course, just go to the go to the company, 2029 02:48:39.760 --> 02:48:43.319 but go to the go online, find the registrar. Then go to the 2030 02:48:43.360 --> 02:48:46.840 registrant. They'll get everything for you. Take two forms of ID, go 2031 02:48:46.959 --> 02:48:48.559 to the register of the company. They'll trust they will trace it for you. 2032 02:48:50.360 --> 02:48:56.440 Okay, Then this from the post and mister I made. He said 2033 02:48:56.440 --> 02:49:00.799 that you can invest in the you know, fisk income investment. So, 2034 02:49:01.559 --> 02:49:07.239 considering inflation and the constant evolution of THEIRA, is the advisable to invest in 2035 02:49:07.360 --> 02:49:13.239 n and feast income investments? Yeah, he's he's talking about the He's telling 2036 02:49:13.280 --> 02:49:16.840 you to build a portfolio with forty percent because you get income, right, 2037 02:49:18.319 --> 02:49:22.600 and that income he then hits you with American and equities, an American fixed 2038 02:49:22.639 --> 02:49:26.120 income because that's what he's saying you have to build a portfolio that will give 2039 02:49:26.159 --> 02:49:31.760 you returns. There is no investments in Nigeria quoted in Nigeria and regulated that 2040 02:49:31.879 --> 02:49:35.040 bit niger inflation. So what you want to introduce to reduce the gap between 2041 02:49:35.120 --> 02:49:39.559 what you are earning and what you can end visabs real inflation return. So 2042 02:49:41.120 --> 02:49:43.959 it's not what it's advisable, it's what are your options. You have no 2043 02:49:43.120 --> 02:49:50.000 options. You have to still invest, So that's what he's saying. Finally, 2044 02:49:50.319 --> 02:49:56.040 what wants like market summary in a word, to know the sector one 2045 02:49:56.079 --> 02:49:58.920 can invest. We can answer that question. I think if you try to. 2046 02:50:00.040 --> 02:50:05.079 If you look at the into to the world, we've posted this is 2047 02:50:05.079 --> 02:50:07.200 going to be recorded. We tried to give you that as well. I 2048 02:50:07.280 --> 02:50:11.760 think he tried to focus on the budget. He said, be a b 2049 02:50:11.920 --> 02:50:16.760 you Dangote, he said press co for agriculture. Then he said banks. 2050 02:50:18.440 --> 02:50:22.159 So I also tweeted it again. We're trying not to say where recommending that 2051 02:50:22.239 --> 02:50:26.159 you buy understart where we're coming from. You have to invest accurrent to your 2052 02:50:26.200 --> 02:50:28.479 objectives, according to your risk profile, and with the understand that it's very 2053 02:50:28.600 --> 02:50:31.559 very risky to invest. So if you go back and listen to the tapes. 2054 02:50:31.559 --> 02:50:33.680 I think he answered your question, but we're not going to tell you 2055 02:50:35.719 --> 02:50:37.959 and put your money here or put your money there? Does that make sense 2056 02:50:37.959 --> 02:50:43.840 to yourself? Okay, yeah, gotcha, all right, you're welcome for 2057 02:50:43.959 --> 02:50:46.040 let me get Micah. How about you. We're just going round. I'm 2058 02:50:46.040 --> 02:50:50.920 going about nine minutes ago, Michael, go ahead, sir, mister Michaeh 2059 02:50:50.879 --> 02:51:01.159 like it once. Will please go ahead? Hello, I will can you 2060 02:51:01.159 --> 02:51:11.559 hear me? Please go ahead? And everyone, Hello, look please go 2061 02:51:11.600 --> 02:51:15.079 ahead? Yes, okay, yeah, yeah, good living everyone. Thanks 2062 02:51:15.120 --> 02:51:22.000 for this one of position. So I just want to clarify investing between investing 2063 02:51:22.280 --> 02:51:28.799 in them your phone and investing in foreign stock, which one is more profitable? 2064 02:51:28.799 --> 02:51:35.440 It's yeah, okay, So the mutual fune just takes a collection of 2065 02:51:35.559 --> 02:51:41.799 stocks. The stocks is just one. So you are asking what is more 2066 02:51:41.840 --> 02:51:46.879 profitable in buying ten stocks at once or buying one stock at once? That's 2067 02:51:46.959 --> 02:51:50.959 your question. There's no way to answer that question. Why do you buy 2068 02:51:50.079 --> 02:51:52.680 one stock? Why do you buy a question of stocks? You buy a 2069 02:51:52.760 --> 02:51:58.319 question of stocks because you want to spread your risks across, so if one 2070 02:51:58.440 --> 02:52:01.639 is down, the whole tank can be down. So there's no way to 2071 02:52:01.719 --> 02:52:05.159 answer which is more profitable. You are investing accurrn to your objectives. You 2072 02:52:05.239 --> 02:52:11.840 are saying if I buy ten, i'm spreading by risk. I answered the 2073 02:52:11.920 --> 02:52:20.879 question, sir, a minimum or is par mutual phone? You've got to 2074 02:52:20.959 --> 02:52:22.639 do your research, so go online the one you want to buy, the 2075 02:52:22.840 --> 02:52:26.399 give you your mutual the minimum right there. It's not one answer for everything, 2076 02:52:26.559 --> 02:52:30.159 right, It's going to be if you want to buy this particular one 2077 02:52:30.360 --> 02:52:33.399 or on this particular platform, that you see the minimum that's going to be 2078 02:52:33.440 --> 02:52:35.799 there most time. It's twenty five dollars most times. Yeah, in nayrall 2079 02:52:37.079 --> 02:52:41.120 or in dollars around there here, all right, So thanks to them. 2080 02:52:41.159 --> 02:52:46.360 Get you're welcome, mister Dorothy. Please go ahead, sir, thank you, 2081 02:52:46.479 --> 02:52:54.600 mister. I want to ask a question about the family, the papaya 2082 02:52:54.280 --> 02:53:00.639 and the tags. Is it possible that the speaker, if he has as 2083 02:53:00.719 --> 02:53:05.559 maybe a tutorial platform or aw to reach out to him for investments if you 2084 02:53:05.799 --> 02:53:09.680 if you send me, if you send me a DM, I'll send him 2085 02:53:09.680 --> 02:53:11.079 a DM. He's left here, he's no longer here, but I'm going 2086 02:53:11.120 --> 02:53:13.760 to bring him back. He has been on my space before. I didn't 2087 02:53:13.760 --> 02:53:18.920 want him to stop. When he starts. He has a lot of information. 2088 02:53:18.319 --> 02:53:22.840 He's packed, so I'm going to bring him back, especially to talk 2089 02:53:22.879 --> 02:53:26.719 about investing in that space with specific So if you're listening, you can grab 2090 02:53:26.760 --> 02:53:28.719 from him. If you send me a d M, I will copy, 2091 02:53:28.920 --> 02:53:31.879 I will send you to him. Then you can ask him those But he's 2092 02:53:31.920 --> 02:53:37.200 a very packed Okay, thank you, a number to please. I don't 2093 02:53:37.239 --> 02:53:41.559 know if he's to ask this question. I'm on the verge of okay, 2094 02:53:41.079 --> 02:53:46.040 what are the needed, like say, buying some acres of land? What 2095 02:53:46.159 --> 02:53:50.920 did I do right? Documents needed? I don't know. I don't know, 2096 02:53:52.040 --> 02:53:58.159 man, I don't know that question. I think it's it's space specific, 2097 02:53:58.280 --> 02:54:01.079 like if you go to legods have I don't know the exactly to that, 2098 02:54:01.120 --> 02:54:03.760 boy, it's going to be based on who is selling, based on 2099 02:54:03.799 --> 02:54:07.319 who. I don't know, but I try to bring some in the space. 2100 02:54:07.360 --> 02:54:09.959 Good, good question for a space I'm gonna bring over next time. 2101 02:54:11.000 --> 02:54:15.719 Please go ahead, George, Thank you so much, appreciate you. Go 2102 02:54:15.760 --> 02:54:20.920 ahead, go ahead, Okay, who gives everybody? Yeah, go ahead, 2103 02:54:22.000 --> 02:54:24.959 real quick, we're running up. All right, all right, Okay, 2104 02:54:26.319 --> 02:54:31.120 the topic is very easy, nice one. Where should I invist one 2105 02:54:31.479 --> 02:54:35.719 millium in Nigeria. So I'll just talk about my own experience. No, 2106 02:54:35.840 --> 02:54:37.719 no, you have you have a question? Do you have a question? 2107 02:54:39.479 --> 02:54:48.280 Okay, this question I just want to ask asked about land. Do you 2108 02:54:48.319 --> 02:54:50.920 have a question for me? If not, that we won't. We have 2109 02:54:50.959 --> 02:54:56.000 about five minutes to go, so we're just running up. Okay, okay. 2110 02:54:56.079 --> 02:55:03.239 The what's asking is about the dollar and and transformable by just a new 2111 02:55:03.360 --> 02:55:09.680 being. I think so I think you can invest. You can invest a 2112 02:55:09.719 --> 02:55:13.600 broad many apps in Niger that allow you to do that investment. That's what 2113 02:55:13.639 --> 02:55:20.399 we're talking about all day. Like I think Bamboo, I believe calie Wise 2114 02:55:20.159 --> 02:55:24.559 they allow you to invest or they give you exposure to the foreign market. 2115 02:55:24.639 --> 02:55:28.319 So yes, you can convert NW two dollars and invest according to your objectives 2116 02:55:28.360 --> 02:55:31.319 acorn to your risk profile. I'm going to take the last person here, 2117 02:55:31.440 --> 02:55:33.200 Micah. Then I'm going to round up right Michael, please go ahead, 2118 02:55:33.239 --> 02:55:41.120 and your last ping to speak Cohet Well believe in appreciates planted lots. So 2119 02:55:41.200 --> 02:55:46.559 my question is what's the essence of investing in the Nigerian stock market When you 2120 02:55:46.879 --> 02:55:50.639 when you buy a share like Transcope and then it's an all time high and 2121 02:55:50.799 --> 02:55:54.600 they are having liquidity issues in terms of selling your shoes to a the essence 2122 02:55:54.760 --> 02:55:58.399 who says who says? Who says a equity issues? You try to say 2123 02:55:58.440 --> 02:56:01.760 that you couldn't. Well, no, no, I saw so, I 2124 02:56:01.799 --> 02:56:05.879 think because it's from yours or somebody, But I saw it. I was 2125 02:56:05.920 --> 02:56:09.440 like saying that the top ten performance stocks most times it's difficult to sell them 2126 02:56:09.479 --> 02:56:13.639 because of they But but not but not transcript We're not mentioning transcrips. No, 2127 02:56:16.000 --> 02:56:20.479 not necessarily transcope, but I don't so not transcripts. What's the second 2128 02:56:20.559 --> 02:56:24.959 question? And then my second question is for a young in early twins, 2129 02:56:26.120 --> 02:56:30.040 is like with like a capital of like one million, are in terms a 2130 02:56:30.120 --> 02:56:35.319 fond of like million, you advise them to invest in in ets or pick 2131 02:56:35.440 --> 02:56:37.840 individual stocks that kind of thing you want to do that you don't have money 2132 02:56:37.879 --> 02:56:41.600 to pick individual stocks. You don't have the money. One share of Testla 2133 02:56:41.799 --> 02:56:46.399 is nearly five hundred or four hundred dollars, So how many will you buy 2134 02:56:46.440 --> 02:56:48.719 with your one million? Compa's one million dollars is about maybe nine hundred dollars, 2135 02:56:50.040 --> 02:56:52.360 So you can't buy individual stocks. So ETOs allow you to have the 2136 02:56:52.440 --> 02:56:56.719 specification with your one million. That's the point. So you are looking to 2137 02:56:56.840 --> 02:57:01.360 that ASIFI to protect yourself from risks and then to leave it alone to just 2138 02:57:01.479 --> 02:57:03.959 grow and Expand that's what I'm talking about. ETFs. There is no better 2139 02:57:05.799 --> 02:57:09.959 or best in investment. There's just something that serves your purpose. If you 2140 02:57:09.000 --> 02:57:13.440 are younger in Nigeria with the weaker currency, you want to do diversification, 2141 02:57:15.159 --> 02:57:18.959 both Nigerian and foreign, and its give you a cheap way to diversify, 2142 02:57:20.559 --> 02:57:22.200 right alright, got them, just round up it. Thank you so much. 2143 02:57:22.360 --> 02:57:24.200 I know we promised that. I you're here to talk about way to 2144 02:57:24.280 --> 02:57:28.719 invest one billion? I knew that the questions are going to be fantastic. 2145 02:57:28.840 --> 02:57:31.520 And ma'am, what you guys would gain from just the interaction and to listening 2146 02:57:31.559 --> 02:57:35.120 to the questions. So I thank you God guys for doing that. Let 2147 02:57:35.200 --> 02:57:37.200 me plug this, let me just do this. I wrote a book. 2148 02:57:37.280 --> 02:57:41.000 Right in that book, I have all these questions. What are ETFs, 2149 02:57:41.079 --> 02:57:46.920 How to invest abroad, how to save, how to invest, asset management, 2150 02:57:46.000 --> 02:57:50.680 It's all in there. Sometimes I plug the book because I know it 2151 02:57:50.879 --> 02:57:54.440 is good. The first thing you want to do before you invest a cobo 2152 02:57:54.879 --> 02:58:00.559 is to read about investing You don't invest blindly. You don't go in and 2153 02:58:00.680 --> 02:58:03.319 say I want to buy you as stock because you have one guy on a 2154 02:58:03.399 --> 02:58:07.319 space talking about it. You want to understand why you invest in abroad? 2155 02:58:07.719 --> 02:58:11.000 Why? What are stocks? What is FYCO? What is dollar cost average? 2156 02:58:11.040 --> 02:58:16.520 You've got to understand before you invest in cobo right, And the way 2157 02:58:16.559 --> 02:58:20.239 you understand is to go online and you read right. There are YouTube chands 2158 02:58:20.239 --> 02:58:24.479 that give you free advice on investing. There are Twitter handles give you fair 2159 02:58:24.479 --> 02:58:28.319 advice on investing. Follow them. Learn. That's the first investment you are 2160 02:58:28.399 --> 02:58:33.159 investing. Your time to get knowledge. Read books about investing. Study war 2161 02:58:33.239 --> 02:58:35.600 on buffet right, study to ellumit. You study what those guys are doing 2162 02:58:37.159 --> 02:58:39.920 and what they're investing, and then learn from them. That's the easiest way 2163 02:58:41.079 --> 02:58:46.520 you can learn. Buy my book, read it, invest in your knowledge. 2164 02:58:46.879 --> 02:58:50.079 It would help you in your investing journey. That's literally what you want 2165 02:58:50.159 --> 02:58:52.559 to do, all right, guys, So keep following. We're going to 2166 02:58:52.639 --> 02:58:56.959 try to bring in generary investment topics that will guide you and to make you 2167 02:58:58.079 --> 02:59:03.239 a better investor. Again on mute and say thank you for just being here. 2168 02:59:03.280 --> 02:59:05.680 I appreciate you again all the time you had a wonderful space last week 2169 02:59:05.719 --> 02:59:09.639 where you talked about investing. Thank you so much, sir. I appreciate 2170 02:59:09.680 --> 02:59:15.719 you. Yeah, thank you. I just wanted to also give a shout 2171 02:59:15.760 --> 02:59:24.559 out to Investment Covers. What he did for that lady. That was weceiving 2172 02:59:24.680 --> 02:59:30.879 it. It was very commended. But that's one we are promoting personal edicial 2173 02:59:31.040 --> 02:59:35.280 investing in love. People don't even know many of this investments, so I 2174 02:59:35.440 --> 02:59:37.959 was very very impressed by what he did. I just wanted to give you 2175 02:59:37.000 --> 02:59:41.559 shout out to thank you. Excellent on that up, guys, we're gonna 2176 02:59:41.600 --> 02:59:43.719 call it today. Thank you so much. You guys, enjoy your week 2177 02:59:43.840 --> 02:59:46.639 and have a blessed weak ahead. Thank you, Come bye.