Speaker 1: Hey folks, good evening and welcome to another money space
Speaker 1: with me calu Ada. Apologies for the voice if the
Speaker 1: voice is kind of croaky recovering.
Speaker 2: From a cold.
Speaker 1: So we're gonna try our best today to get through it.
Speaker 1: But thank you guys for being here today. We're gonna
Speaker 1: talk about building wealth, building weld using equity funds right,
Speaker 1: and I advertise this as a space for the very
Speaker 1: very young below forty. You guys are gonn understand why
Speaker 1: I use that title and why I'm looking for that
Speaker 1: demographic as we go along, but everyone can join in
Speaker 1: and we're gonna take our time today. I've got tons
Speaker 1: of time even after representation. As long as you have questions,
Speaker 1: I'm going to be here to take those questions and
Speaker 1: try to answer them.
Speaker 2: So we've got time.
Speaker 1: Also, the space is going to be recorded, so it's
Speaker 1: recorded on Twitter, but obviously I have a podcast, so
Speaker 1: I'm doing this cross recording also on my podcast, So
Speaker 1: once the space is over, you can go to the podcast.
Speaker 1: The way I see it is going to be recorded
Speaker 1: there also on YouTube, so if you're on YouTube as well,
Speaker 1: it will also be recorded on YouTube and YouTube of
Speaker 1: because of course has the great visuals, right, so that
Speaker 1: way you can sort of follow as.
Speaker 2: Well on YouTube.
Speaker 1: So we've got those three should we say, three ways
Speaker 1: that you're going to have to get us recorded after
Speaker 1: and I think they're all going to be fantastic for
Speaker 1: you guys to follow what we're done.
Speaker 2: So we'll just going to start. It's like I said,
Speaker 2: it's going to be.
Speaker 1: I want it to be more of like a I
Speaker 1: Was the world, like a masterclass style presentation. Right, want
Speaker 1: to take our time and walk you guys, slide by
Speaker 1: slide what we're trying to say, what we're trying to complicate,
Speaker 1: so you guys get exactly you get the letter that
Speaker 1: I want to communicate today, right. So I'm going to
Speaker 1: be sharing from YouTube the slides onto Twitter. But I
Speaker 1: think YouTube is just going to be the best place
Speaker 1: for you to get the to see the visual So
Speaker 1: if you if you go on the TL, I did
Speaker 1: share the link to get to the YouTube and you
Speaker 1: can just go over there.
Speaker 2: So let's just start off.
Speaker 1: The title is called the Rip Van Winkle Portfolio. I E.
Speaker 2: Who is Rip van Winkle?
Speaker 1: If you know this this this is a guy that essentially
Speaker 1: went to sleep for twenty years and woke up after
Speaker 1: twenty years. He did nothing. He just woke up after
Speaker 1: twenty years and essentially he was away. Twenty years had
Speaker 1: gone past. So the way I'm looking at this is
Speaker 1: that if you had to invest money for twenty years
Speaker 1: without touching it, without doing anything at all, what sort.
Speaker 2: Of portfolio build?
Speaker 1: Which is what we're going to talk about to that's
Speaker 1: always said the guys that are below forty because below
Speaker 1: forty implies that you have a long compounding period. Investing
Speaker 1: is all about compounding. That's the secret source of investing.
Speaker 1: They don't tell you. Albert Einstein said compound interest is
Speaker 1: the eighth wond of the world. What he means is
Speaker 1: the compounding of interest. We're on Buffett is worth billions
Speaker 1: today because he's compounding. The folks that get money and
Speaker 1: lose the money like they do will be the play
Speaker 1: sports or their actors, and they get money and.
Speaker 2: They lose the money.
Speaker 1: They lose money not because they didn't invest, is because
Speaker 1: they didn't compound the returns from the investing.
Speaker 2: So compounding is a secret source of investing.
Speaker 1: And this rick by Miracle Possiblity is talking about how
Speaker 1: can you compound? Because once you learn how to compound.
Speaker 1: You then learn, of course, how to generate wealth. It's
Speaker 1: as simple as that. So our next slide we are
Speaker 1: now talking around how is weld built. If you're on Twitter,
Speaker 1: just flow the slides on Twitter on YouTube.
Speaker 2: I'm shure them as I speak.
Speaker 1: Right, So we'll have this great infographic here on how
Speaker 1: to build wealth. And this is the same in any country,
Speaker 1: for any demographic, for anybody.
Speaker 2: This is exactly how wealth is built.
Speaker 1: In Nigeria, in the US, in Russia, North Korea, wealth.
Speaker 2: Is built this exact same way.
Speaker 1: If you look at a diagram, you see a big
Speaker 1: circle called arn, which means you've got to earn money.
Speaker 2: As you've got to earn money.
Speaker 1: You can't invest or become wealthy if you don't end money.
Speaker 2: Let's use a bad example.
Speaker 1: Even when you steal money quote unquote, that's end money.
Speaker 2: You've got to get money, right.
Speaker 1: If you're a pirate and you are earning goal from
Speaker 1: robbing other ships, that's ending money. If you're an entrepreneur
Speaker 1: in enter you walk some pays your salary, you're earning money,
Speaker 1: and you consider those two little boxes dead.
Speaker 2: You've got to spending money. You've got the saving money.
Speaker 1: That's where The problem is because when you earn money,
Speaker 1: money earning is not welt. You've got to spend. Your
Speaker 1: spending is you've got to eat right, so you've got
Speaker 1: to eat, and after eating you've got to then invest right.
Speaker 1: But that's where we run into the problem. That's where
Speaker 1: we have most of the spinancial courses teaching you how
Speaker 1: to spend and how to save right, and of course
Speaker 1: also how to earn. The simple way to get wealth
Speaker 1: is to spend less than you than you earn, because
Speaker 1: once you spend less than you earn, of course you
Speaker 1: don't have a subplus that you can invest. And if
Speaker 1: you invest over time with compounding, then you then create wealth.
Speaker 1: So it's the same formula across the world since the
Speaker 1: beginning of time till today. You want to start to
Speaker 1: earn early, then you want to spend less. Stand you earn,
Speaker 1: then you want to invest that balance so that it
Speaker 1: can compound for you. It's really that simple. You've got
Speaker 1: to earn, you've got to spend less, you've got to invest,
Speaker 1: and all these simple sentences have got a whole body
Speaker 1: knowledge around them, which is what we're get into today.
Speaker 1: So it's very simple process. Read that we're talking about right,
Speaker 1: let's go to the next line, and again this is good.
Speaker 1: Why this is going to be a RECORDEDS line. So
Speaker 1: even in your free time, you can go back and
Speaker 1: really take your time to listen to this representation and
Speaker 1: to get minuting that you not have gotten this first time.
Speaker 1: Right again, if you can't see it on the slides
Speaker 1: on Twitter or YouTube, just holler at me, right, harller
Speaker 1: at me, and I can get this back for you. Now.
Speaker 1: We talked about investing, and we said when I advertised
Speaker 1: as I said, forty years and below, why forty years
Speaker 1: and below because it's about compounding. Investing is really a
Speaker 1: story of compounding. Compounding means interest on your interest. So
Speaker 1: look at the slideword sharing the cost of deleted invest
Speaker 1: But this is for by book. Let's talk about body
Speaker 1: or pay seventy one. If you delay, look look at
Speaker 1: if you delay your age, there's a delay slash your age.
Speaker 1: So if you start to invest two hundred MIRA two
Speaker 1: hundred ira at seven percent from the year twenty in
Speaker 1: sixty five years, you're gonna have two hundred thirty nine
Speaker 1: Ira two hundred nine thousand ier. So if you just
Speaker 1: go to your PFA and you say hey, PFA, take
Speaker 1: just two hundred Nira, So if we make it two thousand,
Speaker 1: we're gonna get two point three Just take two hundred
Speaker 1: or two thousand from my salary, my paycheck every month,
Speaker 1: and then invested as a minimum of seven percent in
Speaker 1: sixty five years when I retire. Because you're twenty, so
Speaker 1: when you're sixty five, when you retire, you're gonna have
Speaker 1: two point three million. If you do twenty to twenty thousand,
Speaker 1: twenty three million, it's your call. But again, spend and save.
Speaker 1: But what if you delay, if you don't start to
Speaker 1: invest when you are twenty Let's say you start to
Speaker 1: invest when you are thirty five, the same interest rate.
Speaker 1: Look at the same interest rate, but you're gonna get
Speaker 1: only eighty two thousand NIRA at sixty five years old.
Speaker 1: So both of you go into the same company. But
Speaker 1: if you get paid the same amount of money, but
Speaker 1: you start to do your RSA investment, your retirement service account,
Speaker 1: or you're at an investment portfolio, or you put me
Speaker 1: in the bag at age twenty or even at eight
Speaker 1: twenty one or at twenty twenty five, you will have
Speaker 1: more money than the same person invest in the same
Speaker 1: amount of money, same interest.
Speaker 2: Rate, but he just started later. Look at the middle chat.
Speaker 1: If you start investing at eight twenty five, you're gonna
Speaker 1: get a hundred seventy thousand. So if you do two
Speaker 1: thousand nira, that's one point seven million. Again, if you
Speaker 1: wait till you are thirty five, you'd only get eighty
Speaker 1: two thousand nira. It's the math, guys. The math how
Speaker 1: we calculate inflation and how calculate compound interest is based
Speaker 1: on time, not the interest rate. The interest rates of
Speaker 1: seven percent is not the issue. The real issue is
Speaker 1: the time you start to invest. I told you guys
Speaker 1: last week, go to your back and ask your banker,
Speaker 1: show me the calculation. How do you guys calculate interest rates?
Speaker 1: If they should that you're gonna see it's gonna be
Speaker 1: over time raised to power time. That's why time is
Speaker 1: the most important feature in your investment journey, not the
Speaker 1: interest rate per se, but how long, how early you.
Speaker 2: Start, that's going to be the kicker for you.
Speaker 1: So it's why if you're below forty, and I told
Speaker 1: you guys to come to this space, if you're below forty,
Speaker 1: you will have an advantage. You're build an advantage because
Speaker 1: if you start today already you have a you are
Speaker 1: going to make more money. Don't look at the I, ROB,
Speaker 1: you are good to make. Look at the return of investment,
Speaker 1: your ROI. It's going to be more than the same
Speaker 1: person investing the same amount of money but started later
Speaker 1: than you. It's just that simple, guys, It's just that simple.
Speaker 1: Let's drill down that point again again. It's another picture
Speaker 1: again from my book. Again, let's talk about your money again. Guys.
Speaker 1: If I was in the slides just halla last week,
Speaker 1: I was going on and some folks didn't see.
Speaker 2: The slide and they heard a bit later, but I
Speaker 2: was able to correct that.
Speaker 1: So again we're on YouTube and we're also on on
Speaker 1: so we can see the slides.
Speaker 2: Yeah, perfect, guys, I can see the slide. Fantastic.
Speaker 1: So let's go back to the picture to slides dia
Speaker 1: aground one point four again from my book. Let's talk
Speaker 1: about your money. Look at these two brothers, and this
Speaker 1: is a great example. Brother A started to invest when
Speaker 1: he was twenty one, twenty one. He only invested two
Speaker 1: thousand Nira, two thousand dollars. He only invested for ten years.
Speaker 1: Only for ten years, so two thousand dollars every year
Speaker 1: for ten years, the same interest rate eight percent compounded
Speaker 1: over a thirty year period. The brother that's said to
Speaker 1: invest when he was twenty one has one hundred and
Speaker 1: forty five thousand of one hundred and five thousand n ERA.
Speaker 1: But the guy that's staid to invest when he was
Speaker 1: thirty one, even though he invested longer, he has ninety
Speaker 1: eight thousand. It's the same principle. If you start early,
Speaker 1: you make more money. It's not the interest rate. Literally,
Speaker 1: this same example, if you double brother b's investment to
Speaker 1: four thousand, he still won't meet Brother A.
Speaker 2: You can try it yourself.
Speaker 1: If you double the investment of brother B to four thousand,
Speaker 1: he still wouldn't meet Brother A.
Speaker 2: Why brother is monies are investing for him longer.
Speaker 1: Because this is com pounding longer, he's getting more money.
Speaker 2: So an early start is the circuit source.
Speaker 1: That's why the Space today was saying, if you are younger,
Speaker 1: you want to join in because when you join in
Speaker 1: earlier and you invest earlier, your returns, your principle has.
Speaker 2: More time to compound.
Speaker 1: It's as simple as that. Right again, I'm during this
Speaker 1: point down again with a different slide. This is again
Speaker 1: showing you the same thing who showed you able to be.
Speaker 1: Look at the graphs. Who has got the highest funds.
Speaker 1: The guy that's there to invest it by age twenty five,
Speaker 1: he gets the most funds. It's not the guy that's
Speaker 1: there to invest at age thirty five. That's the guy
Speaker 1: you see in brown. It's not the guy that's there
Speaker 1: to invest at a thirty five and any the same
Speaker 1: interest rate.
Speaker 2: That's the guy in purple.
Speaker 1: The largest returns, the largest ROI is from the investor
Speaker 1: that starts early, same interest rates. But when you start early,
Speaker 1: you make more body because your principal colledpounds more. If
Speaker 1: you go to the bank and the bank ts you're
Speaker 1: going to compound your interests annually, quarterly, monthly.
Speaker 2: When they compound monthly, you get more money.
Speaker 1: The same interest rates compounded daily or monthly would earn
Speaker 1: more than the same interested compounded annually. That's the beauty
Speaker 1: of mathematics and compoundings. That's why Albert Einstein called it
Speaker 1: the eighth one of the world. It's also the reverse.
Speaker 1: If you borrow money at compounded interest, then your wealth
Speaker 1: is degraded faster than someone that does not borrow money.
Speaker 2: So it's also the flip side as well.
Speaker 1: But when you start to invest earlier, you have an
Speaker 1: in built in advantage because you are going to make
Speaker 1: more money because of the bird of compounding. So I
Speaker 1: hope I've drilled that insufficiently into you. Guys to say, hey,
Speaker 1: whatever you're doing. You can say I don't have money.
Speaker 1: You can say I want to wait till I get money.
Speaker 1: You can say I want to wait till I marry.
Speaker 2: You have to start to invest as soon as possible.
Speaker 1: Somebody is asking me, I'm forty five, I want to invest. Yes,
Speaker 1: you can invest, but you've lost a bit of the
Speaker 1: compounding advantage. You can still invest, you can raise your principle, right,
Speaker 1: but you've lost a bit of that companent advantage. That's
Speaker 1: a point. But you don't stop investing. So now let's
Speaker 1: know to the next part of this presentation. How before
Speaker 1: you invest? You know, we have know what kind of
Speaker 1: investor you are and why are we asking you to
Speaker 1: go to the equities market. So if you have the knowledge,
Speaker 1: let's say you're a banker or you're a stockbroker, so
Speaker 1: you have the knowledge about investing, fantastic. So look at
Speaker 1: my flow chat. I have the knowledge about investing fantastic.
Speaker 1: Do I have the time, yes, fantastic. Can I take
Speaker 1: high risk? Yes? Then I go straight to stock You
Speaker 1: see how with the flu chat is going to take
Speaker 1: you to way if you invest. But let's say I
Speaker 1: have the knowledge, Do I have the time? No?
Speaker 2: Am I interested in the cost of investing?
Speaker 1: Yes? So I go to passive income or an active
Speaker 1: mutual fund. I'm gonna explain what passive income, what index funding,
Speaker 1: and what an active mutual fund means.
Speaker 2: Don't worry about that. But this is trying to show
Speaker 2: you that you should.
Speaker 1: Invest according to your own peculiar objective. If you do
Speaker 1: not have the time or the knowledge to invest, then
Speaker 1: of course an index fund is gonna be your best friend.
Speaker 1: You don't have the time, you don't have the knowledge,
Speaker 1: but you have the means to invest, and index funds
Speaker 1: works best for you. But you have the knowledge, you
Speaker 1: have the time, You're gonna havefort to take your own risk. Sure,
Speaker 1: go on by your individual stocks. So there's no right
Speaker 1: or wrong answer in investing. Index foe are not better
Speaker 1: than individual's stocks. But do you have the time the
Speaker 1: knowledge that are you worried about the cost or risk
Speaker 1: to invest.
Speaker 2: On your own. That's the question you want to ask yourself.
Speaker 1: And if you get that answer, it then takes you
Speaker 1: to where we are taking you to today, which is
Speaker 1: going to be we want you to look at index funding,
Speaker 1: equity index funding as your path way to get wealth.
Speaker 1: The greatest investor, at least in my lifetime, and I
Speaker 1: would even argue in the lifetime of modern investing, he says,
Speaker 1: a guy called mister Warren Buffett. So when somebody is
Speaker 1: this good in investing, we have to listen to what
Speaker 1: he says, right, I just to get his scent on
Speaker 1: things right. So when Buffett said, put ten, he then
Speaker 1: asked him how should we invest? What's the best way
Speaker 1: to invest? Give us your your DNA, He said, put
Speaker 1: ten percent of your cash in short term government bonds
Speaker 1: and ninety percent in a low cost equity fund s
Speaker 1: and P five hundred four It means equity fund So
Speaker 1: the S and P is the fund that tracks the
Speaker 1: stand and Poors index of the top five hundred companies
Speaker 1: in America. So what he's saying is I take nineteen
Speaker 1: percent of your funds and just buy all the stocks
Speaker 1: that are quote unquote big and good in America and
Speaker 1: then put ten percent in cash in government bounds wide safety,
Speaker 1: so that's his insurance ninety ten. So war on Buffett,
Speaker 1: that does all these sophisticated deals, is telling us, listen,
Speaker 1: you guys might not have the knowledge know that I have.
Speaker 1: You might not have the time that I have, So
Speaker 1: I advice you we just do ninety ten mighty inequities,
Speaker 1: low cost equity.
Speaker 2: Fund and ten percent in cash. That's what he's saying.
Speaker 1: So of course, basically listen to what he's saying, should
Speaker 1: recopy it, but at least let's listen to what he
Speaker 1: has said. Right, That's what war on Buffet is that
Speaker 1: it didn't say go and buy hedge funds. It is
Speaker 1: say going and buy crypto. This is what he's saying
Speaker 1: we should do with our funds, which is very very
Speaker 1: trusting to note.
Speaker 2: Right, So now what is an index fund? Because one
Speaker 2: both is the same.
Speaker 1: Buy an SMP five hundred phone, which is like an
Speaker 1: index phone. So what is an index phone? An index one?
Speaker 1: Essentially it is like a basket. Right, You you go
Speaker 1: to them, you go to the to the market, You
Speaker 1: take a basket and you buy all the things you like.
Speaker 1: You put tomatos yam, you put everything in the market
Speaker 1: in that basket.
Speaker 2: Then you buy the basket.
Speaker 1: So you say, hey, you put your tomato here, put
Speaker 1: your meat, put your fish, put your everything in the basket.
Speaker 1: That index phone is tracking everything in the market. So
Speaker 1: when you buy the index foone, you are buying whatever
Speaker 1: the index font has already bought.
Speaker 2: So in the in the example give you said buy
Speaker 2: the S and P.
Speaker 1: Five hundred, which means that once you buy that index
Speaker 1: fund that attracts the S and P five hundred, you
Speaker 1: have bought a fractional share of five hundred of the
Speaker 1: largest companies by market capelation in America.
Speaker 2: Simple to look.
Speaker 1: At that slide, investing index fods might not be all
Speaker 1: that exciting, then it says, that's the point. It gives
Speaker 1: you broad exposure to the market to assets. I will
Speaker 1: ensure your wealth crews over time. So when you buy
Speaker 1: the index number, you are buying everything into one basket.
Speaker 1: Number one, you are buying everything which little amount of money.
Speaker 1: If you can imagine you go to mile twelve, you
Speaker 1: want to buy tomato, fish, yam to metal, engine oil, rice,
Speaker 1: all that stuff has an engine oil, all that stuff. Yeah,
Speaker 1: how much you think you take to the market to
Speaker 1: two millions. But what is a toy that you could
Speaker 1: pay five hundred n era And with that five hundred,
Speaker 1: I don't give you one slice of tomato, one slice
Speaker 1: of fish, one slices of meat like that.
Speaker 2: That's what an index fund is.
Speaker 1: You are buying the basket that contains all those assets already.
Speaker 1: So because you are buying them, it reduces your cost
Speaker 1: of buying it automatically diversifies what you are holding, and
Speaker 1: you are buying it cheaper, so you will not beat
Speaker 1: the market. So when you buy the index funds, right,
Speaker 1: you're not going to say the index fone cannot do
Speaker 1: ten percent and the market is doing five percent.
Speaker 2: It does in the work that way. You are going
Speaker 2: to be.
Speaker 1: In line with the market because the market is doing
Speaker 1: twenty percent, and you own every stock in the market,
Speaker 1: so you also do twenty percent. Get the point, So
Speaker 1: that's why you should go to because you don't have
Speaker 1: the time, the knowledge of the expertise like mister Warren
Speaker 1: Buffett to start buying individual stocks.
Speaker 2: So you want to.
Speaker 1: Buy the index because the index then shows you it
Speaker 1: gives you exposure to all those funds at a very
Speaker 1: very cheap price. So I hear some folks that askib
Speaker 1: last week as well, what's the difference between a mutual
Speaker 1: fund and an ETF that because you hear me say,
Speaker 1: sometimes buy the ETF, but they go so niger they
Speaker 1: see mostly neutral funds.
Speaker 2: What's the difference in the mutual fund and ETF?
Speaker 1: So remember the index phone can buy the mutual fund
Speaker 1: can buy the index fund. The ETF can buy the
Speaker 1: index front. No difference there. They can both buy the
Speaker 1: index phone. But what's the difference between the ETF and
Speaker 1: mutual fund? Really they are the same, Really are the same.
Speaker 1: The key difference is that the ETF means exchange traded fund.
Speaker 1: What means you can buy and sell the ETF during
Speaker 1: the trading day. So if you buy it also stock
Speaker 1: called Nigeria thirty. If you buy mutual fund Nigeria thirty,
Speaker 1: you can only know the price at the close of
Speaker 1: the day.
Speaker 2: But if you buy an.
Speaker 1: ETF Nigeria thirty during the day, you can buy and
Speaker 1: sell those stocks during the day.
Speaker 2: That's the key difference.
Speaker 1: The rest is going to be a bit trust deed
Speaker 1: and how they are managed actively. Yes, those are all differences,
Speaker 1: but that's the key difference with the mutual fund and
Speaker 1: the ETA In America, ETF also have tax advantages that
Speaker 1: make it more attractive that mutual funds.
Speaker 2: So ETFs are the growing ass a class in America.
Speaker 1: In Nigeria not so the ETF market that is very
Speaker 1: very limited of volume. So we have ETFs, but I
Speaker 1: noticed that the volume of trade in the ETFs place
Speaker 1: Niger is very very low. And most mutual funds in
Speaker 1: Niger that call themselves ecutive funds have a huge experience to.
Speaker 2: Also fixed income.
Speaker 1: So some difference is there, right, But I prefer et
Speaker 1: has got the tax considerations. But in Nigeria you're gonna
Speaker 1: have mostly mutual funds that buy the index. So again
Speaker 1: keep that in mind as well. None of it's not
Speaker 1: a huge difference. It's not going to change what we're
Speaker 1: doing today. Right, It's just going to give you the
Speaker 1: appae to say, hey, I want to buy equities through
Speaker 1: this field or I want to buy active true field.
Speaker 2: Again.
Speaker 1: This just it's like just just to confirm what we're
Speaker 1: talking about. Again, the mutual funds can invest in the
Speaker 1: index and also the ETFs can also invest in the index,
Speaker 1: So anywhere you want to go, you are still going
Speaker 1: to get that exposure to diversification at a lower cost.
Speaker 2: That's what we're going to today.
Speaker 1: Diversification at the lower cost that compounds.
Speaker 2: That's the secret source today.
Speaker 1: Diversification at the lower cost that compounds. That's what I
Speaker 1: do today. And guys, I'll be done pretty soon. I'll
Speaker 1: give you guys the theory of what I'm talking about.
Speaker 1: And if you guys, guys have questions, just go ahead
Speaker 1: and request to speak and I'll add you know other problem.
Speaker 1: Just I just at everyone, and then once we're done,
Speaker 1: we have the visuals, then we can ask that question.
Speaker 1: Like I said, I'm here all day, no rush, I'm
Speaker 1: going from a call, so I'm gonna just stay indoors
Speaker 1: and just speak with you guys. Right, So let's go
Speaker 1: now to this veryther exciting slide. So mister Warren, no,
Speaker 1: mister Warren Buffett, give a suggestion that if you want
Speaker 1: to invest, you only should put ten percent in a
Speaker 1: government bond and ninety percent in an SMP five hundred
Speaker 1: index fund. That's not a sexy recommendation. It's a very
Speaker 1: very boring recommendation. He's saying, don't trade. That's what I
Speaker 1: want to cover, is saying. He's saying, don't trade. Take
Speaker 1: your money, put it in an index phone. Index one
Speaker 1: is not going to be trade. Just leave it there.
Speaker 2: Every year you make what the market has made. There's
Speaker 2: no risk if the.
Speaker 1: Market crashes, you crash. The market goes up. He goes up,
Speaker 1: so one guy, and he put a bet. He puts
Speaker 1: a bet, mister Warren Buffett says, I bet you. He
Speaker 1: tell I bet with the investment community that over a
Speaker 1: ten year period, let's put money in an index phone.
Speaker 1: You guys, go put money in your hedgephone. He says,
Speaker 1: I will make more money.
Speaker 3: I not.
Speaker 1: I the index fund will make more money than the
Speaker 1: hedge phones. Hedgephones are the death cradle a cream of
Speaker 1: investing that they did Nobel prize guys in in finance,
Speaker 1: the guys that have to braise the the knowledge. So
Speaker 1: if you want to really know who is the ten
Speaker 1: pound going and the room investing, it's gonna get a
Speaker 1: hedge fund guy. But Buffett is saying that if you
Speaker 1: simply take money and buy the index indexes, the boring
Speaker 1: replication of just the index, just buy that, you will
Speaker 1: make more money than all the advisors over a ten
Speaker 1: year period, net of fees. That was that was the guy.
Speaker 1: The gamble and this guy took up the took up
Speaker 1: the gamble. Proteeship Partners took up the gamble. So who
Speaker 1: do you guys think won this competition? Did the index
Speaker 1: fund win or did the proteg partners LLC Hedge fund win?
Speaker 2: Who do you guys think want this comption?
Speaker 1: We're gonna find out at the end, and it's gonna
Speaker 1: be very interesting who won. Right, But that's the bet
Speaker 1: that were Buffett was so sure of himself he said, listen,
Speaker 1: I'm not gonna tell you what I'm not gonna be
Speaker 1: sure of. I'm gonna put my money put down where
Speaker 1: it is to the price money was two point two
Speaker 1: million dollars. Guys, it's not like better. I'll buy you
Speaker 1: be a two point two million dollar bet and who
Speaker 1: would make more money? Index funding or going through a
Speaker 1: h phone And we'll find out who won later on
Speaker 1: in the slide.
Speaker 2: Right.
Speaker 1: So now let's now come into the what I call
Speaker 1: the number side of the equation. I think I've tried
Speaker 1: to make the case in the earlier part of the pot. Listen,
Speaker 1: you want to start early, number one, Number two, you
Speaker 1: want to start early, but you want to invest in
Speaker 1: an index fund, and that index phone can be tracked
Speaker 1: through an ATF or.
Speaker 2: A mutual fund.
Speaker 1: That's what I tried to make I tried to expect
Speaker 1: you guys so far. So number one, we want to
Speaker 1: start early. Number two we want to compound. Number three,
Speaker 1: we want to invest an index phone and that index
Speaker 1: pone can be an ATF or mutual phone.
Speaker 2: Okay, but what do we buy in this index one?
Speaker 1: Can? What should we buy?
Speaker 2: Well?
Speaker 1: To know what you want to buy, you want to
Speaker 1: look at what has made money before. Abby. Remember, in investing,
Speaker 1: we say past performance is not a guarantee of future profits.
Speaker 1: So full disclosure, I've said that. But we want to
Speaker 1: see what has happened in the past to guide us
Speaker 1: perhaps or to give us a sense of history. So
Speaker 1: let's go and look at what has happened in the past.
Speaker 1: Right now, we hear stocks that down, boards, gold is
Speaker 1: up and all that. There's a nice chat that shows
Speaker 1: the retorts over five years.
Speaker 2: I can do the work for twenty years or more.
Speaker 2: It's all going to be the same story.
Speaker 1: If you look over five year period, the asset class
Speaker 1: that has beaten inflation and has delivered the highest return,
Speaker 1: the asset class is going to be US stocks, And
Speaker 1: in this chart, there isn't VTI, there'sn't atfs to capture
Speaker 1: the asset class. So there isn't VTI, which is about
Speaker 1: forty five hundred of the largest talks in America. Just
Speaker 1: America is all right, has been the most consistent for further,
Speaker 1: over a five year period has been inflation, which infliction
Speaker 1: on US inflation. Dollar inflation has built inflation and has
Speaker 1: has delivered both returns over a five year period. What
Speaker 1: next world? That has been the next world commodities, So
Speaker 1: your your gold adult has better commodities. But again look
Speaker 1: at commodities, it's a recent guy. This year.
Speaker 2: Over the years, it hasn't done that well.
Speaker 1: Stocks this seventeen percent, seventeen percent, twenty two percent over
Speaker 1: three years. So even though today you see US talks
Speaker 1: are down, over a long period, over the trend, if
Speaker 1: you go back to nineteen twenty eight, you're going to
Speaker 1: get the great crash, You're going to get the gold
Speaker 1: for you're going to get the recessions. But over time,
Speaker 1: that particular asset class has delivered returns that have bitten
Speaker 1: inflation in their own currency over time. And if you
Speaker 1: google or if you go google, your time Google Google
Speaker 1: what askeclas has mutedufication over time?
Speaker 2: You're going to get the same answer hearing year old.
Speaker 1: Right, So it gives us a bit of history that
Speaker 1: this asset class tends to do very, very well. Remember
Speaker 1: what's the type of our postition? They rip Van Winkle portfolio?
Speaker 1: What can we invest in that if we go to sleep,
Speaker 1: I e. If we call poud, we can't make body.
Speaker 1: We don't want what I'm going to invest in today,
Speaker 1: I make moaning tomorrow. That's not compounding. Remember we talked
Speaker 1: about compounding is a secret sauce. But I did say it.
Speaker 1: Mister Warrew Buffett said it. Lots of folks have said it.
Speaker 1: So compounding is the secret sauce. Let's look at this
Speaker 1: again for my book. Let's talk about your body. Let's
Speaker 1: look at US market returns from nineteen twenty eight till
Speaker 1: twenty twenty nineteen twenty eight. Those diget that twenty eight
Speaker 1: I twenty eight twenty two. Let's look at the market
Speaker 1: trators will compare the typeframe. Look at the typeframe there
Speaker 1: twenty two and all that, and were compare that type
Speaker 1: frame with stocks, bonds, cash and inflation. So if you
Speaker 1: look at twenty eight. Nineteen forty one Winnebecca had the
Speaker 1: great financial crash. Stocks did not beat inflation, so stocks
Speaker 1: were negative.
Speaker 2: Inflation was also negative.
Speaker 1: Right, Bonds were the king because that was when we
Speaker 1: had the market crash, so nobody wanted to take risks
Speaker 1: and everyone ran to bonds. From forty two to sixty eight,
Speaker 1: stocks did fourteen percent inplicire dd three percent. Since ninety
Speaker 1: seventy seven, stocks did two point nine inflicire day six
Speaker 1: point four, So in stocks did not bit inflation. Seventy
Speaker 1: eight to ninety nine stock did seventeen percent inplicient did
Speaker 1: four point seven two thousand. Stock did not bait inflation
Speaker 1: one negative two thousand and nine. Till twenty twenty, stocks
Speaker 1: have bitter inflation fourteen percent official one point six percent,
Speaker 1: even if you go now, if you're extra relative till today,
Speaker 1: stocks US talks have beaten inflation for the save for
Speaker 1: the last two or three years old we had this
Speaker 1: disruption in terms of trade, inflation and COVID. The point
Speaker 1: I'm trying to make is that this particular asset class
Speaker 1: over time seems to be either beaten inflation or seems
Speaker 1: to be in live with inflation.
Speaker 2: You can see the.
Speaker 1: Same for many many countries or many indexes. You can
Speaker 1: see the same. Why this whilch, particularly if you just
Speaker 1: buy something, it allows you to beat inflation.
Speaker 2: It's very hard to find that an inficion is the enemy.
Speaker 1: If there was no inflation, we won't bother to save,
Speaker 1: will beorrow to invest a made We'll just leave a
Speaker 1: body in our pillows and spend what we have saved.
Speaker 1: It's because of inflation that we invest. Because if you
Speaker 1: take a million dira and you don't invest it, it
Speaker 1: becomes five in ten years. So you have to invest,
Speaker 1: to take a risk to grow. That word belout I
Speaker 1: in bit inflation. So what guys to be a said
Speaker 1: Calu admit, I want to do what you're saying, right,
Speaker 1: but I don't have the skill, I don't have the time,
Speaker 1: I don't want to I don't know what I'm doing.
Speaker 1: I'm just a quote unquote lawyer or acounter or architect
Speaker 1: or whatever. I don't know what you're saying. Is there
Speaker 1: a simple way for me to.
Speaker 2: Do this day?
Speaker 1: You said that I can just take body, just do this,
Speaker 1: stay and forget about it. I would advise that I
Speaker 1: will say, try to understand what you're doing. But because
Speaker 1: you are asking, yes, there's a simple way to invest
Speaker 1: that you can capture the compartner. I'm talking about, capture
Speaker 1: the risk and put in the portfolio. I call it
Speaker 1: my the Rip Van Winkle Portfolio against in my book.
Speaker 2: Right. And if you look at what we've done here,
Speaker 2: there are four there.
Speaker 1: Any investment you make is not going to be what
Speaker 1: we call a fixed return or variable return. Any investment,
Speaker 1: if you buy bitcoin, it's variable. If you buy property
Speaker 1: is fixed. Any return you make is not going to
Speaker 1: be fixed or variable. Bonds are fixed because the returns
Speaker 1: they'll tell you we're going to pay you ten percent
Speaker 1: every year. That's fixed return. Property and equity is. Stocks
Speaker 1: are not fixed because they can't tell you what I'm
Speaker 1: gonna pay you. There are similis who are going to
Speaker 1: pay you a dividend every year, but they can't tell
Speaker 1: you what they're going to pay you. So you only
Speaker 1: have two types of investments. One is fixed, one is variable.
Speaker 1: That's what we've done here. So in the fixed and variable,
Speaker 1: we've also created two columns, one for the US one
Speaker 1: when the UX.
Speaker 2: So it's what we've done here.
Speaker 1: Will tell you that there are only four investments you
Speaker 1: can bike on Earth and you've you've covered every investment
Speaker 1: class of just four one on that variable income equity
Speaker 1: vt I vt I v deals based Vanguard vagats are
Speaker 1: the largest brokerage house of the world. So when you
Speaker 1: see me using Vanguard is because they have the cheap
Speaker 1: expense ratio. You are going to buy the exact same
Speaker 1: stocks in other index folts, but Vagat is cheap. So
Speaker 1: if you're going to buy the exact same day, why
Speaker 1: go buy it anywhere with bos pasive That's why it
Speaker 1: was in VAGAD.
Speaker 2: They're not payin US, so it's Vangard VTI.
Speaker 1: That's US talks about forty five NRED the best US talks.
Speaker 1: Do you see that vx US is Vanguard International Stocks
Speaker 1: minus the US, So you've got to trustes there for
Speaker 1: equities vt I v x U S So either buying
Speaker 1: the US or you're not buying the US simple, But
Speaker 1: on that variable then you come to instead that you're
Speaker 1: buying to BND which is US issued fixed income, or
Speaker 1: you are not buying US. It should fix on who
Speaker 1: is going to be bnd X four options for you.
Speaker 1: So if you're a younger person, there's this rue weed
Speaker 1: to invest. If you are younger, you take one hundred
Speaker 1: and you min us your age from one hundred. The
Speaker 1: larger number you get is what they want you to
Speaker 1: put in variable. So if I'm thirty years old, one
Speaker 1: hundred plus thirty is seventy percent. So seventy percent is
Speaker 1: what they wanted you to put more on the variable income.
Speaker 1: So I take my variable income, I have seventy percent.
Speaker 1: I can do sixty US.
Speaker 2: I can do ten.
Speaker 1: International mister Wan Buffett said, do ninety ten. You can
Speaker 1: do seventy, you can do eighty. It's giving you an ankle.
Speaker 1: I can come to bonds and say, okay, US is
Speaker 1: very very safe. I'll do out of my ten to
Speaker 1: plar boards. I'll do two percent US boards I do
Speaker 1: attached to the boards head of story. By end of story,
Speaker 1: you have captured your variable. You have captured your fixed
Speaker 1: There's no other investment that it's not captured in this
Speaker 1: four boxes.
Speaker 2: If Tesla issued chares VT, I will buy it.
Speaker 1: If a new comedy comes a Taiwan that is issuing chips,
Speaker 1: vx US will buy it. You don't have to buy
Speaker 1: anything in the pay DVDs vx US or collect or DVDs.
Speaker 2: I give it to you.
Speaker 1: You don't have to do anything. That's why it's called
Speaker 1: the rip. But wical portfol You can set this portfolio up.
Speaker 1: I'll go to sleep. Just tell them reinvest by dividends.
Speaker 1: That's it checked the market have to do anything. Just
Speaker 1: buy the stocks and go god sleep. You can say, okay,
Speaker 1: v x US is buy and I'm gonna buy my
Speaker 1: Nigerian a location in vx U.
Speaker 2: That's the international portfolio Minors vt I.
Speaker 1: Very very simple. It's not hard to do, guys, very
Speaker 1: very simple. But what most you do. You have to
Speaker 1: start early so you compound. You buy into an equity fund.
Speaker 1: That's the trick. Start early, so you compound, you buy
Speaker 1: into an ecuitive fund because the ecutive phons we've shown
Speaker 1: you over time averagely is being inflation. It's a very
Speaker 1: very simple concept to grab, guys, and once you grab it,
Speaker 1: it doesn't leave you alone, doesn't leave you.
Speaker 2: What is this?
Speaker 1: So this one we can we can skip this for now.
Speaker 1: Let's let's not do well too much. This is just
Speaker 1: the vt I. V O or VEO is just talking
Speaker 1: about five hundred stocks. Why VTI is talking about four thousand,
Speaker 1: five hundred stocks. So if you want to be more concentrated,
Speaker 1: you do VOR. If you want to be broader, you
Speaker 1: do vt I. Yeah. So again it's always asking what CALU,
Speaker 1: what is this vt I is? Let's let's talk about
Speaker 1: vo or who who are the stocks?
Speaker 2: This VT A view?
Speaker 1: I think I've give you a I'll give you especially
Speaker 1: already if you buy the vt I or the view Or,
Speaker 1: you are buying the top stocks by market cap, by
Speaker 1: returns that are listed. So look at the let let's
Speaker 1: look at what bixed of video VIEO is just the
Speaker 1: top five hundred.
Speaker 2: This is what mister war Buffett was asking you to buy.
Speaker 1: Said, put in cash, I e the US boards two
Speaker 1: ninety percent in and it's an an S and P
Speaker 1: index for this is what I was talking about.
Speaker 2: So v o O is.
Speaker 1: Mirroring the starts are poor five hundred index. So that's VIEO.
Speaker 1: What in VIEO? If I buy one video share, I'm
Speaker 1: buying VideA. I'm buying Apple, I'm buying Microsoft, I'm buying Amazon.
Speaker 1: I'm buying Alphabet that's Google. I'm buying Broadcom. I'm buying Facebook,
Speaker 1: I'm buying Tesla, And I'm also buying mister Warren Buffett's
Speaker 1: company by John buying this one stock, this one stock
Speaker 1: or this one.
Speaker 2: E TF Yes, I see your question. Can I buy
Speaker 2: this in Nigeria?
Speaker 4: Yes?
Speaker 1: You can go to your second proved app search for video.
Speaker 1: Oh you don't have VEO, search for v vt I.
Speaker 1: You might not if you're if you're training from the UK.
Speaker 1: They don't call it vo oh and vt I. They
Speaker 1: will call it something else, but it's the same thing.
Speaker 1: Look for what is mirroring the S and P five hundred.
Speaker 1: That's what you're looking for. What is mirroring the S
Speaker 1: and P five They might not call it v O
Speaker 1: O or vt I after the America, save in Nigera
Speaker 1: for vo oh and vt I, it will pop up. Yeah.
Speaker 1: So again this is this is not that hard, guys, right,
Speaker 1: I hear you, guys. I can hear you, guys. This
Speaker 1: is not that hard. All I have to do get
Speaker 1: my age stupright from one hundred that larger number. I'm
Speaker 1: buying equities. I start, I compound, I buy equity funds
Speaker 1: because I got a bit of inflation and I reinvested dividends.
Speaker 1: That's the secret source, guys. That's all brother has done.
Speaker 1: All these guys who say in Nigeria, mister Tony, Alumelu,
Speaker 1: mister Rabbiu, they all have equity portfolios. Guys, they all
Speaker 1: have equitive perfluce my good friend limit. He's always posted
Speaker 1: Dagota has missed about money for equities. Albinia has missed
Speaker 1: about money from equities. He's always posted that that's what
Speaker 1: they are doing. If Tony is buy shares, why are
Speaker 1: you doing buy shares? You know? And how old is that?
Speaker 1: But you can make a higher ROI than we start
Speaker 1: if you start early. If you leave it late, then
Speaker 1: you lose your advantage to catch up with him. Well
Speaker 1: almost that, guys, we're gonna have question what was done.
Speaker 1: Let's not come to the apps. Always ask you what
Speaker 1: apps can I use? By our side? Is you use
Speaker 1: any SECT approved app? If you are outside Nigeria the
Speaker 1: picture of the picture is there. There are lots of
Speaker 1: apps you can use. I use Robbinhood, I use better Beds,
Speaker 1: I use Fidelity that I'm not advertising, it's just what
Speaker 1: I use. All these guys are Vulgaard. Of course, all
Speaker 1: these guys are there for you. If you work for
Speaker 1: a company, your company would if you have a four
Speaker 1: working in America, they use maybe one of these guys.
Speaker 1: Just go to that same company that open up your
Speaker 1: own individual IRA or stop booking account. It's easier for
Speaker 1: you don't have your information on there, right, it's easy
Speaker 1: for you if you don't have they just go app.
Speaker 1: These are all apps. These are all apps. There are
Speaker 1: many apps in that. There's one I saw that's for kids.
Speaker 1: So kids do a chore. You pay the kids for
Speaker 1: the chow. And as a parent, when you pay the
Speaker 1: kids for the chow, I think it's called Greek Greek
Speaker 1: green field. You can take extra money and invest for
Speaker 1: the child. So let's say you tell the child, if
Speaker 1: you clean the garden, I'll pay you five dollars. When
Speaker 1: you pay the child five dollars, you can also invest
Speaker 1: five dollars in the stocks for the kid. Sorry, So
Speaker 1: lots of ways to invest. Don't wait. The point is,
Speaker 1: don't wait. Don't wait till you have one million era
Speaker 1: because when you wait, you are losing your compounding. So
Speaker 1: somebody is asking, what about Nigerian apps. I got you,
Speaker 1: I got you, I got you. This is Nigerian. So
Speaker 1: for Nigeria, we've gone to the sex site and we've
Speaker 1: looked at the registered sec apps. So I want to
Speaker 1: only use or recommend sec approved investments just for obvious reasons, right,
Speaker 1: So I went to sex site. You have your digital
Speaker 1: stock brokers. First of all, any broker or any broker
Speaker 1: that is secrets that you can use them. This is
Speaker 1: just the digital guys. Once you have on your phone,
Speaker 1: just the words that go to be on your phone.
Speaker 1: So you have Chaka, you have Bamboo, you have Trigger
Speaker 1: my Magna cap but the picture is there. Robot advisors,
Speaker 1: you have Waha limited crowd funding, proper crowded. They've been
Speaker 1: on our space before. They are there. The digital investment
Speaker 1: phone portfolio manager.
Speaker 2: Look at cal wise is there? So all these apps are.
Speaker 1: Pretty sure calo Wise, Cali, Babu, they would have all
Speaker 1: this vio vt I all that they would have it
Speaker 1: on those apps. They don't have it. Ask them to
Speaker 1: get it because it's not a hard time to get
Speaker 1: for you, right, So they don't have it. Ask them
Speaker 1: that you want it. That's one guy or to do
Speaker 1: to get it. And you want them to get Vigo
Speaker 1: Vigo for you so you can invest in view. Don't
Speaker 1: get it for you. Don't get it for you, right,
Speaker 1: So that's the shade on that. Just to make this
Speaker 1: point right, there are many things you can do in
Speaker 1: the ETIO. It's not it's not that clear. So i'll
Speaker 1: leave this in load for now. There are many things
Speaker 1: you can do. Right, let me just talk on the
Speaker 1: Nigeria ETF mutual food market just slightly, just because we're
Speaker 1: in Nigeria, just so you guys have a set of
Speaker 1: what I found out right.
Speaker 2: I tried to find out. I tried to buy research.
Speaker 1: I said, and I told this, what what folds do
Speaker 1: we have out there? I have one hundred billion, there's
Speaker 1: no fifty billion, there's not. This is a growing market
Speaker 1: in Nigeria market, this mutual Ford equity market that has
Speaker 1: just equities.
Speaker 2: It's a growing market. Not a lot of firms have this.
Speaker 1: But I didn't find some that were there that have
Speaker 1: assets on the bikements more than ten billion. Yeah, and
Speaker 1: I listed them. There are many of them. I listed
Speaker 1: justice few. There's start BIK, There's Chapel Hill. Chapel Hill
Speaker 1: has a Paramount equity Ford, Start Bulk has Dijint equity,
Speaker 1: Ford AARM has the Aggressive Group.
Speaker 2: For these are all equity.
Speaker 1: For as you can see that was they have to
Speaker 1: do with seventy percent their food investment to equity, so
Speaker 1: minimum they have to do is percent to equities. The
Speaker 1: expense ratio I put them there for you. Again, they're
Speaker 1: buying almost.
Speaker 2: The same thing. They're buying almost the same thing.
Speaker 1: So the exposition there there's three point zero to two
Speaker 1: point two. So you have to choose which way you
Speaker 1: want to buy because they are buying the same thing.
Speaker 1: I prefer you go for the cheapest. But again it's
Speaker 1: not multiple do three and two. But hey, the best
Speaker 1: back there is the EDGX all share and the NGX thirty.
Speaker 1: So again, when you are buying, I didn't see a
Speaker 1: pure play index food in Nigeria for equities. What that
Speaker 1: means that I didn't see it for that just mirrors
Speaker 1: the index one hundred percent. I saw they see GX thirty,
Speaker 1: they take the thirty best stocks and the mirror that.
Speaker 1: Then they all share indexert Ix is also doing that
Speaker 1: as well. I think only with the Vertiva. The Vertiva
Speaker 1: et F was in their sights a mirror the stock
Speaker 1: market one hundred percent, right, But that's an ETF and
Speaker 1: like I said, ETFs in Nigeria don't have a lot
Speaker 1: of liquidity. These guy's mutual folds have more liquidity than
Speaker 1: the index folds, and that the ETFs in Nigeria. But
Speaker 1: it also gives you an idea of words out there.
Speaker 1: So while you're searching for the US apps even niger ETFs,
Speaker 1: these are your guys to go to. There are more
Speaker 1: lots of of stockpackets also have their own foods. There's
Speaker 1: Mary Step, there's a free invest they have their own Fords,
Speaker 1: Momoto sports are specialized it as a banking or a
Speaker 1: dividend and all that.
Speaker 2: I want you guys start from the top that walk
Speaker 2: your way down.
Speaker 1: So again it's not it's not exhaustive, but just the
Speaker 1: words that I found out a bit large, right, So
Speaker 1: let's come back to I ask you guys earlier that
Speaker 1: who do you take word that competition between with the
Speaker 1: world buffet and the guys that said that the Hedgeford
Speaker 1: guys are said could invest trade.
Speaker 2: So in effect, this is the better.
Speaker 1: I against being passive and the bet against being active.
Speaker 1: Index folds are well called passive. You buy them, you
Speaker 1: invest them, you go to sleep. Hedge foods are traders.
Speaker 1: They are buy this, they are hedget days. They are
Speaker 1: doing that to make a profit. Like God and Gecko,
Speaker 1: who want the bet mister war Buffett, want the bet?
Speaker 2: What does that mean?
Speaker 1: That means if you guys listening today, take money, buy
Speaker 1: an index food that is going to invest in equities,
Speaker 1: US equities, Nigian equities. Are you leave that ford in Loae,
Speaker 1: you go to sleep for teny years, you are going
Speaker 1: to make more money than they're gonna doing. Buy sell,
Speaker 1: buy cell by cell? Why fees? When you buy and sell,
Speaker 1: you're paying fees? Phase disrupt your compounding phase, disrupt your compounder.
Speaker 1: But if you just buy, I live in there is
Speaker 1: just compounding your word there because one point one because
Speaker 1: what that one point what editor?
Speaker 2: Because one point two? Like that, like that like that
Speaker 2: for ten years.
Speaker 1: So I thought that experiment and mister worrel Buffet, world,
Speaker 1: what it misses this?
Speaker 2: If you start early, you.
Speaker 1: Start to compound, you reinvest your dividends, you will make
Speaker 1: a higher return and investment. I saw that starts later
Speaker 1: and it's having to trade to catch up with you.
Speaker 1: Because you know this, you have no reason not to
Speaker 1: start early. Boys and girls listening to me, you have
Speaker 1: no reason not to start early. So see I'm never
Speaker 1: little retired right myself. And when I started to invest
Speaker 1: the first stock I bought in my life was first back.
Speaker 1: It wasn't called first back. It was called standard Bag.
Speaker 1: Standard Bag was leaving Nigeria and the thirty shares to
Speaker 1: the Nigerias. That was the first stock I bought in
Speaker 1: my life started back shares. And I didn't know a
Speaker 1: thing about buying stocks. I taught because I just watched
Speaker 1: Wall Street as semister going to get go buy that
Speaker 1: this stock. So I want by minders that I was
Speaker 1: gonna go out buy because I saw fifty coble. That
Speaker 1: was what I saw the stock, fifty coble, but I
Speaker 1: saw three five dira. So I thought you could buy
Speaker 1: the stock for fifty coble and I could sell it
Speaker 1: for triner out to five. Cause that's what I taught.
Speaker 1: So I went to Broad Street, I llegos or buyed.
Speaker 1: That was a big first back office, and I thought
Speaker 1: out to buy shares. I was at the university then
Speaker 1: I was the university. Late Luther. I said how about
Speaker 1: do you have? I said, I have five because I
Speaker 1: went to the place I want reached by kid, give
Speaker 1: me five here, So a lot of buddy, it was
Speaker 1: like having I wasn't like was having fifty fifty kids
Speaker 1: something like that. He says, well, you have to go
Speaker 1: to the stock broker. I didn't know what the stockbroker was.
Speaker 1: The letting talked to me so nice. It was this
Speaker 1: later made me actually continue. By stock explained it to me.
Speaker 1: Said go to the trust building. The stockbrokers are there.
Speaker 1: That's why I went to and I went bet one
Speaker 1: guy out to buy stocks. The guy took me and
Speaker 1: I bought first back Shield. There was no all light trading.
Speaker 1: There was no internet, there was no telephone in Nigeria.
Speaker 1: When I bought those stocks, I had to go back
Speaker 1: the next week. They'll preach you out a contract note.
Speaker 1: You will sign that contractor then you'll get a certificate
Speaker 1: paper paper certificate. If you want to sell, you take
Speaker 1: that paper certificate back to the stockbroker. They sell for you.
Speaker 1: Take me like two or three boths. There's no risk.
Speaker 1: There was no all light to go out research, there's
Speaker 1: no grog to ask pe nothing. It's just what you know.
Speaker 2: I watch. Your broker tells you.
Speaker 1: Just start what I'm saying today. If you're a if
Speaker 1: you're a twenty five year old guy in university on
Speaker 1: your phone or your mobile phone by Tesla from a
Speaker 1: bar in Nira. There's no excuse. All these people are
Speaker 1: doing trading crypto that's not traded. You can't trade with
Speaker 1: less than one hundred thousand dollars. You're wasting your time.
Speaker 2: Sorry.
Speaker 1: If I bed card not be called, take that body invested.
Speaker 1: You look like a quote un quote food today. Leave it, Alad,
Speaker 1: just take that Moody buy index for leaveing a load.
Speaker 1: Focus on your schooling. When you leave schooling, look back
Speaker 1: at that portfolio. You'll be shocked what you have. I'm
Speaker 1: giving you by experience, not theuring. When I got married,
Speaker 1: I sold by portfolio in first bag. That's how I
Speaker 1: paid for the entire wedding. I tried to calculate the
Speaker 1: retors admit of fast back. I couldn't do it, so
Speaker 1: it couldn't fit the computer. I'm not giving you theory
Speaker 1: from the public offer. I bought the bonuses, the shares
Speaker 1: that they gave me. I couldn't concrete the return on
Speaker 1: account it was too much, so it's like six hundred
Speaker 1: six figre percent return. I didn't sell it. I reinvested
Speaker 1: all the dividends, the bonus shares, everything that I got,
Speaker 1: but I sold it. I wasn't pivet by a wedding
Speaker 1: push wedding VII tent. They're the water, so be very strategic.
Speaker 1: If you're a younger, the market is now there for you.
Speaker 1: There's nothing you can that a kid in New York
Speaker 1: can do. You can't do. There's no excuse that they bore.
Speaker 1: You have the food, you have the apps. They are
Speaker 1: Nigerian app that will take nayra from you and invest
Speaker 1: for you. So you have no excuse. Stop doing betting,
Speaker 1: stop doing what I may. Stop doing crypto. You don't
Speaker 1: have the means to training crypto. It's too expensive. You
Speaker 1: can't really pick money from that. But with stocks. You
Speaker 1: can't buy stocks. You can add the expert Nigeria five
Speaker 1: thousand naira. Most idios will start with twenty five dollars.
Speaker 1: Do that. The focus on your schooling, right, do that
Speaker 1: and focus on your schooling. All right, guys, I would
Speaker 1: to stop here because I don't know. Some guys want
Speaker 1: to speak. I hope I have comcas of less some
Speaker 1: less letters to you guys. Right about invested, there's not
Speaker 1: a hard day to do. Invest It's all about time.
Speaker 1: It's not about trade. It's about time. The two tiers.
Speaker 1: If you trade, you are taking risks, but showed us right.
Speaker 1: If you see, please start early, invest in equities, reinvest
Speaker 1: your dividends. You are, you can make a lot of money.
Speaker 1: You can beat the experts in the field. That's what
Speaker 1: I want you guys to do, right. So let's go
Speaker 1: right down into questions, right, and then we'll just take
Speaker 1: a few. If you want to ask a question, ask
Speaker 1: on the DM and also ask on the space.
Speaker 2: I'll take it.
Speaker 1: I guess I've got time and I'll take every question.
Speaker 1: Let's start from prosage prostage. How are you doing?
Speaker 2: Welcome to the to the space busy. Thank you for
Speaker 2: everything you do for us. I had a poestion on
Speaker 2: earlier what you have already answered it.
Speaker 5: I wanted to ask questions on af equity based moon.
Speaker 1: You already cleaned.
Speaker 2: Mine doubts, So no question, thank you, Okay, fantastic.
Speaker 1: Yeah, So every stock broker, what I posted here is
Speaker 1: the apps. But if you go to say afe first,
Speaker 1: you go to Auto Stevens, you go to Berristep, you
Speaker 1: go to any trader.
Speaker 2: They have their.
Speaker 1: Own stopparkey website, so you can easily just get those words.
Speaker 1: There are the apps itself. That's what I'm posting it
Speaker 1: the apps itself? Right? J Or lion Ker, How are
Speaker 1: you doing, sir? J Or Lionka. Can you speak? If
Speaker 1: you can't speak, Let's go to eph Rex Trading eph Rets.
Speaker 1: How are you doing mission? Oh? I am fine? How
Speaker 1: about I've been.
Speaker 2: Very well so types of being here today? What's your question?
Speaker 2: It's been a pleasure.
Speaker 6: My question is like, is you managed to mention how
Speaker 6: you started and.
Speaker 3: The healities when we did not when we did not
Speaker 3: have even interne connection of food in Nigeria and my
Speaker 3: and I wanted to see it.
Speaker 2: Did you solely invest.
Speaker 6: In nine Jam store? Because I heard you see that
Speaker 6: was what paid for your wedding then, so you were
Speaker 6: doing mischarges of Nigeria. And as for US stocks outside Ania, oh,
Speaker 6: it was basically.
Speaker 1: Yeah.
Speaker 2: So back then you could not buy foreign stocks.
Speaker 1: You couldn't It wasn't possible to buy forestock because remember
Speaker 1: I write even today you need a Social Security.
Speaker 2: Number to buy a forest stock.
Speaker 1: So what the niger do get? What the American company
Speaker 1: is called? This company called the name is gives me?
Speaker 1: The name gives me what they've done that they've allowed
Speaker 1: the Nigerian apps to take to open accounts in Nigeria.
Speaker 1: But then those when when those when you place your order,
Speaker 1: it goes to that broker in America that Broken America
Speaker 1: executes for you. That's why you can do it today.
Speaker 1: You still need the social to have an account in America.
Speaker 1: Bought that app because I can Midway for you. So
Speaker 1: when you go to see Kari Wise and you buy Tesla,
Speaker 1: they are placing the order on behalf of that company
Speaker 1: in America as stock Broken America.
Speaker 2: So back then it wasn't possible to buy foreign stocks.
Speaker 1: I bought only Nigerian stocks, not because I couldn't, but
Speaker 1: I don't know where you can buy foreign stocks. I
Speaker 1: bought First Bank. I think I bought Nestle a few
Speaker 1: of them, but that was really First Bank. And I
Speaker 1: did like I said, I bought this stock before I
Speaker 1: got to university. So it's the money I got from
Speaker 1: when you go for Christmas and they spray your money,
Speaker 1: so they spread my dad money and I picked the
Speaker 1: money from the ground and my friends that also give
Speaker 1: you money, and I had five and a NERRW That's
Speaker 1: why I invested. So you and Eliest, it's not sury.
Speaker 1: I'm giving you my own experience. So yeah, I want
Speaker 1: you to copy what I've done, because if I knew
Speaker 1: what I know now, back then I want to have
Speaker 1: bought a car in Nigeria, I would have taken money
Speaker 1: for the car and bought more Nestley, taking the money
Speaker 1: from my phone and bought more first Bank and now
Speaker 1: maybe I can afford the Range River today. So it's
Speaker 1: very difficult to tell young people not to spend money
Speaker 1: because they want to show off.
Speaker 2: And I get it. I'm not calling you out. When
Speaker 2: you are younger, you have that incision.
Speaker 1: But if you understand how wealth is created that whatever
Speaker 1: you invest today you will make more money tomorrow, it
Speaker 1: helps you. My dad had to say this in Ebo
Speaker 1: is conk Ebo, So I'm ever gonna try to repeat
Speaker 1: it on it in my break Twitter. Never even try
Speaker 1: and gang guy buy buy your tardy buy Chi. Sorry.
Speaker 1: What he was trying to say was this, if you do,
Speaker 1: if you if you show off today, what will you
Speaker 1: show off tomorrow? So again, as I'm talking to the
Speaker 1: young Poele Nigeria today, you've got to be very very
Speaker 1: deliberate about how you invest money. You can't waste your
Speaker 1: time and I'm using this word brace so you can't
Speaker 1: waste your time gambling and crypto. Crypto is not bad.
Speaker 1: The problem with crypto that you don't have money. You
Speaker 1: can't take ten thousand Ira and buy crypto. What would
Speaker 1: you make? What would you make? But if you take
Speaker 1: that ten thousand you buy a stock today, because that
Speaker 1: stock is compounding, you are going to make more.
Speaker 2: How that answers you?
Speaker 7: Yeah?
Speaker 2: Yeah, yeah, yeah, you're doing a lot.
Speaker 3: And see if this is my ideas?
Speaker 2: And how comely people that have been seemed like early two.
Speaker 7: Thousand eighty, two thousand and five, I.
Speaker 1: Always he who heard them.
Speaker 5: Complaining about Ninetian stocks.
Speaker 2: You know, he would say that lost monitor to the
Speaker 2: sub stocks.
Speaker 1: They lost, they lost money. That tells you they were trading.
Speaker 1: So you know, I used to see the apps. I
Speaker 1: see this this this comment somebody posted I think a
Speaker 1: long time ago his father got hit a bank share
Speaker 1: and he went to the stock market after twenty years
Speaker 1: and he got them his father as shares. And when
Speaker 1: he saw the shares, he related as his father had
Speaker 1: middlely twiteters on narra and was it was it was
Speaker 1: treading on Twitter and I re replied to the guy,
Speaker 1: your your cardion is wrong. When you buy a share
Speaker 1: for tennra and you get a dividend and a bonus.
Speaker 1: Your price goes down to nine naira or nine whatever
Speaker 1: it keeps on going down. At a point in time,
Speaker 1: the dividends and the bonus have paid back your total principle.
Speaker 1: That's why I couldn't calculate my return on the first
Speaker 1: bank because my First Bank shares are now what's zero?
Speaker 1: I eat? The cost of buy now shares was zero,
Speaker 1: so whatever profit I got was excess profit. I used
Speaker 1: five hundred n era to buy shares of Standard Bank
Speaker 1: at three nunte and five cobo. But over the years,
Speaker 1: First Bank gave me divilliends and words are paid me
Speaker 1: back that five and narra many times over. So when
Speaker 1: you look at the cost, they look at the cost.
Speaker 1: They don't do their average costing down, so they say,
Speaker 1: oh lost money because they are trading. If you buy
Speaker 1: and you hold as a young person, it's difficult. That's
Speaker 1: when you buy an index. If you go and buy
Speaker 1: a Loca high Tech, know there's no index. So because
Speaker 1: there's not index, the manager can sell on Moca high Tech.
Speaker 1: If we had an index one in Nigeria, the managers
Speaker 1: would sell on Loca high Tech and buy flat out
Speaker 1: with you know what I'm saying. The manager is imagined
Speaker 1: index foond, but they're not index poond, and you buy yourself.
Speaker 2: Then you get stuck. All right, let's get but but
Speaker 2: but thank you, I have a couple of quescents, go
Speaker 2: for it.
Speaker 7: Okay, I think two thousand and since there my dad
Speaker 7: only shared anyway, so that was yeah, I had forced
Speaker 7: experience but shares.
Speaker 1: But I don't know what happened at that time.
Speaker 2: He actually both applied for a number of shares.
Speaker 8: But after some time they refunded by some of his
Speaker 8: money and they said they are located some for him.
Speaker 8: Then I didn't understand what actually happened, but they couldn't
Speaker 8: give him the number of shares he had advocated he
Speaker 8: had applied for, and so he later had just a
Speaker 8: couple of shares with them. They have the pain dividen
Speaker 8: but have no keeping up on eat. Okay, untie, I
Speaker 8: think some real Last year I just started buying my
Speaker 8: own when the bank started selling those public offers. I
Speaker 8: bought from to bank and one thing I want to
Speaker 8: guilty light and they paid me the dividends.
Speaker 2: I think that was last year.
Speaker 8: Actually I actually spent the money, but how would have invested?
Speaker 2: But I don't. I'm just y like I just bought
Speaker 2: from the two bank, not through store broker, and they
Speaker 2: paid me dividends.
Speaker 8: One of the bank paid linked into to my CAM
Speaker 8: because I have an account to it, and they paid
Speaker 8: the dividends.
Speaker 1: Into the account of it.
Speaker 8: Then the other one they as before I can somewhere,
Speaker 8: So I registered the storebroker from mer Trade and I
Speaker 8: gave it to them and they regularized it in and
Speaker 8: they also paid me dividend to my accouncil. How would
Speaker 8: I have reinvested those dividends that I was paid back
Speaker 8: into the share?
Speaker 1: There was one question I know that to hold up,
Speaker 1: hold up answer the first question. So that's that's a
Speaker 1: great question. How can you reinvest your dividends? There are
Speaker 1: many ways, So if you are buying shares abroad, If
Speaker 1: your buying shares abroad, the usually have what they call
Speaker 1: a d R I P their dividends Reinvestment program. So
Speaker 1: if you buy shares a BROADERCT like I'll share the
Speaker 1: apps now on YouTube all the apps events are broad
Speaker 1: ask them do I have do you have a DRIP?
Speaker 1: If they have a.
Speaker 2: Sign on for it, so you can reinvest your dividends. Now,
Speaker 2: if you buy shares and.
Speaker 1: There's no dr ip, what you simply want is to
Speaker 1: open up a savings account. Open up a savings account.
Speaker 1: When you get dividends, put in your savings account, and
Speaker 1: then you buy your shares or you get the physical share,
Speaker 1: you take it to your broker. You can just give
Speaker 1: them the dividends right there, and then the booker can
Speaker 1: receive your dividends check and buy. In Nigeria, now they
Speaker 1: will actually open the bank account right so you go
Speaker 1: to your bank account once that bank account should not
Speaker 1: be your normal bank account. Let that account be an
Speaker 1: account that it's only for dividends. So the money goes
Speaker 1: to that bank account, you track it and you issue
Speaker 1: a check immediately back to the stockbroker to buy you
Speaker 1: the same shares.
Speaker 2: When you buy the same shares, you are compounding.
Speaker 1: If you don't buy the same shares, you are compounding
Speaker 1: but the portfolio but not the share itself. But if
Speaker 1: you buy the equity phone, you are compounding. So that's
Speaker 1: how you do it.
Speaker 8: Okay, don't understand what I think from what you're saying,
Speaker 8: because it's just my first experience album. Experience album, I
Speaker 8: don't know much about it, so I actually lit smiling
Speaker 8: normal sailing account to it.
Speaker 2: So you're like, that's fine, what's that. What's the next question?
Speaker 1: Okay?
Speaker 8: The next one is I have been buying shares from
Speaker 8: Marit because album nude and bamble.
Speaker 2: But that bamble. What I have been doing it is
Speaker 2: just saving what what what's the question?
Speaker 1: You said?
Speaker 2: What's the question? Okay?
Speaker 8: The malitrader will be buying some shares, like some majorian shares,
Speaker 8: like and I'm just I can assess one that there
Speaker 8: is left in and I'll just use it too bad,
Speaker 8: So I like those ones are buying. It's also like
Speaker 8: the same public offer that they do. Said from the
Speaker 8: Bamboo from the merritrade app.
Speaker 2: I don't understand the question of asking if you.
Speaker 1: Like I've been buying from hold on, hold on. If
Speaker 1: you are buying a share from a from a broker,
Speaker 1: it's not the public offer. It's it's not a public
Speaker 1: offer because you're buying from the market. The broker is
Speaker 1: the market guy. You only buy public offers from the
Speaker 1: company selling, so the company will tell you we're selling
Speaker 1: true Meristem. But if you're buying day to day from
Speaker 1: Mary Stream or true bamboo. It's no longer a public offer.
Speaker 1: I never answered that question. Yeah, so is there?
Speaker 8: Can you true lights on the different speak in buying
Speaker 8: from buying this public offer or buying is the big
Speaker 8: difference between buying from public off or buying damage from.
Speaker 1: Your Not really, but you only buy a public offer once.
Speaker 1: So when Dangote Cements sold the shares, he's sold true
Speaker 1: public offer for the first time. After then the money
Speaker 1: goes to Dangote. After then you are now buying from brokers,
Speaker 1: buy from myself or from somebody else on the market,
Speaker 1: not from Dangote anymore. Dangote will sell his shares to
Speaker 1: the public. You buy from Diangote, the shares go to
Speaker 1: the public. Following that, you don't buy from the market,
Speaker 1: no longer from Dangote. So public offer is once. Our
Speaker 1: initial public offer is once then, after which you are
Speaker 1: at the market. Participants are now playing to buy a
Speaker 1: social great question. Let me get a kid, kid you yeah, kid,
Speaker 1: you go ahead.
Speaker 2: Hey, I wanted to first of all talk about my
Speaker 2: stock in Nigeria.
Speaker 9: I got I got that ip O Union backed iph
Speaker 9: in two thousand and five.
Speaker 1: Yeah, for about.
Speaker 2: Twenty might I got a hold on speaking kid you
Speaker 2: go ahead.
Speaker 9: Yeah, so I got the ip HO for in two
Speaker 9: thousand and five way bouts of twenty niner for Union Bank,
Speaker 9: and now I can't even look at it any longer.
Speaker 2: But you know that's that. The second the main thing
Speaker 2: I wanted to find out from you is which would
Speaker 2: you rather do.
Speaker 9: Buying, you know, stucking up about the stocks here, or
Speaker 9: going for a life insurance.
Speaker 10: The reason why I'm asking about that is if you
Speaker 10: decide to sell, we'll pay a whole lot of taxes
Speaker 10: on that, right, And from what I understand, I think
Speaker 10: I can say more if I'm doing a life insurance.
Speaker 1: Like so. So no, no, you're totally okay, that's that's
Speaker 1: totally off. So look at it this way, right, Life
Speaker 1: insurance is not an investment. I'm to stay right away up.
Speaker 1: When I ask people to do a financial plan, life
Speaker 1: insurance is the SECONDTENTENT acts them to do before they invest.
Speaker 2: But life insurance is not quote unquote an investment.
Speaker 1: It's a special kind of asset where you can put
Speaker 1: in one narrre today and you get a million immediately.
Speaker 2: You use life insurance to protect a loss of income.
Speaker 1: So if I have a dependent, I buy life insurance
Speaker 1: because if I go away, my dependents get that those
Speaker 1: funds to pay for the education or to cover the more.
Speaker 1: But I cannot compare life insurance with investing in state
Speaker 1: bonds or stocks or property.
Speaker 2: No, they have different uses. My life insurance does not compound.
Speaker 1: I'm buying a fixed sum sum assured, maybe five million
Speaker 1: or whatever. It stays at that amount. My equities, my bonds,
Speaker 1: my property can compound. I can buy property legos and
Speaker 1: it goes up to twenty million in a year. Life
Speaker 1: should don't do that. But there are two different things.
Speaker 1: I use life insurance to protect income for my dependence.
Speaker 1: I can tie my life insurance to my trust to
Speaker 1: pay my dependence, pay education, pay my mortgage.
Speaker 2: Buy I can only do that with with stocks and shares.
Speaker 1: As to pay taxes, you have to sell at least
Speaker 1: one hundred and fifteen million or so to even pay
Speaker 1: tax on the capital gains when you do your binance selling.
Speaker 1: But what I said, we're not talking about buinance selling.
Speaker 1: We're talking about buying, accumulating and compounding for the next
Speaker 1: ten years at least. So the buyers and guys at
Speaker 1: the Guys Invester were on bothect defeated. This is what
Speaker 1: I'm saying the the guy he defeated, but he said, listen,
Speaker 1: if you're if you are trading and you are buying,
Speaker 1: I can make more than you. And he proved it
Speaker 1: over a ten year in real life. I'm asking you
Speaker 1: to copy him.
Speaker 2: Copy him. Now.
Speaker 1: Does it mean that tomorrow, if you get excess money
Speaker 1: you can trade. No, it is that have this portfolio,
Speaker 1: your long term portfolio. If you now have loose money,
Speaker 1: open up a trading portfolio and start to trade. Not problem,
Speaker 1: but start with this one. Start with this triangle broad
Speaker 1: based portfolio of your long term savings, then built from them.
Speaker 2: Does that make sense?
Speaker 1: Yeah? Yeah, I get that.
Speaker 2: Excellent, fantastic. Let's get who defy scholar defie?
Speaker 1: How you don't.
Speaker 2: Find some Yes?
Speaker 1: Okay, So in question, I have this weak immuni stock explaining.
Speaker 2: So I wanted to know if I'm I.
Speaker 1: Go to Boom and I open our accounts and I
Speaker 1: buy something like your own the it, how is.
Speaker 2: It investing going to work like the did if I have.
Speaker 6: To perform the action on any specially and I'm supposed
Speaker 6: to do tay.
Speaker 2: That's a great question. So ask them, ask them about that.
Speaker 1: Ask them how do I reinvest If I get a dividends,
Speaker 1: will they pay me in dollars?
Speaker 2: Will they pay me in naira?
Speaker 1: Ask them. Whatever they answer, that will be your next point.
Speaker 1: Right they said, oh, they're going to pay to your
Speaker 1: bank account, okay, tell them? Can I talk you automatically
Speaker 1: back to buy more view? If you say no, then
Speaker 1: do what I said. Get dividends, putting an account end
Speaker 1: of the quarter, write a new check and give them
Speaker 1: to buy more.
Speaker 2: So it depends on how they are set up.
Speaker 1: The ones I use that are offshore. I just stayed drip.
Speaker 1: I never I've never got my dividends check ever if
Speaker 1: they have, if they paid dividends, I always reinvest it
Speaker 1: because if I get didens, I won't buy. I'm very
Speaker 1: very bad with I've just go and buy right, but
Speaker 1: leave it there. So the same way with you. If
Speaker 1: you can have a diffident investment, do that. If they
Speaker 1: don't have it, then do this manual way. Receive dividends
Speaker 1: and then invest in them. So ask them if you
Speaker 1: can ask them, now, let me know and I'll tell
Speaker 1: you what to do. But act them how they operative.
Speaker 1: So if you guys know Bamboo rice Cali how do
Speaker 1: they pay dividence? If you can send me a DM
Speaker 1: or a worl's up to it, I can look at
Speaker 1: it and I can advise you. I will look at
Speaker 1: my my notifications. I'm gonna look at it right now.
Speaker 1: So if you guys know how tell me then I
Speaker 1: can advise you. Yeah, okay, did I answer the question defined?
Speaker 2: Yes, sir, Yes, sir, just able to what you mentioned.
Speaker 5: Something about dividending the pact time that diffidends And I'm
Speaker 5: not going to put upon you, but I think you
Speaker 5: said dividends are not going.
Speaker 2: To be mm hmmmmm. You're right.
Speaker 1: I said that if you buy a collective investment scheme,
Speaker 1: the dividends returns to you and not taxable their tax
Speaker 1: exem So, if you buy a mutual phone and ATF
Speaker 1: a money market phone, and they pay you a dividend
Speaker 1: from that fund, you will not pay a tax on
Speaker 1: that that they paid to you. That's why I said it.
Speaker 1: So I think he dropped up blast. Yeah, that's what
Speaker 1: I said. So let me allsread you tube questions right.
Speaker 1: Could you point me in the right direction regarding strategies
Speaker 1: for building wealth for a child and on looking for
Speaker 1: special advice gor general guidelines. The first thing I'll say
Speaker 1: is this right in my book, I have a title
Speaker 1: specific for building wealth for children. How you can set
Speaker 1: it up. But the easiest way to do this is this.
Speaker 1: If you live in America, try to open an IRA
Speaker 1: for your child. And IRA means an individual retirement account.
Speaker 1: So you say, my child as a baby doesn't matter.
Speaker 1: You can only pay and income only and income to
Speaker 1: your child. You can't give your child money and putting
Speaker 1: the ERA only end income. So what is end income?
Speaker 1: The child has to have a job. Oh, can my
Speaker 1: baby have a job. Of course, you mayaby can have
Speaker 1: a job. Your mayby can have a job. As a model.
Speaker 1: So if you have a business, you take a picture
Speaker 1: of your baby. That baby is the model for your business.
Speaker 1: You pay the baby a paid check literal, You do
Speaker 1: a contract between your baby and your company.
Speaker 2: You pay the baby the contract face for be the model.
Speaker 2: You take that check.
Speaker 1: You're putting the era rot rot rot era for the baby.
Speaker 1: That's a completord one. Even if you can't do this,
Speaker 1: there are many other apps that allow like this. There's
Speaker 1: some acorns. With acorns, you can invest for the baby
Speaker 1: and you can buy shares immediately for the baby legally
Speaker 1: in the baby's name, the baby's Socialtificate number.
Speaker 2: But let's say you don't live in America, you want
Speaker 2: do that in Nigeria.
Speaker 1: Go to your stomach and say, I want to put
Speaker 1: up a constant account or an account by a child,
Speaker 1: and I want to invest shares the child or the or.
Speaker 2: The lord the child in the others.
Speaker 1: I agree, open up a trustee account. I buy shares
Speaker 1: the baby's name, you know, the trustee to be given
Speaker 1: to the baby or to the child when there is
Speaker 1: a certain age. There are many ways to do this.
Speaker 1: Just ask your banker, or your broker or your lawyer.
Speaker 1: They'll show you how you can build well. The best
Speaker 1: way to build well for a young person is to
Speaker 1: buy equities for that young person. I'm talking about forty
Speaker 1: year old. I think I should.
Speaker 2: I should.
Speaker 1: I share this liight with you guys where I said,
Speaker 1: if you wait, you lose body. If you snoose it invested,
Speaker 1: you lose. If you snoose it.
Speaker 2: Invested, you lose. And I give you guys the numbers.
Speaker 2: The numbers are there.
Speaker 1: If you have the same two hundred mira and you
Speaker 1: invest when you are aged twenty, you make you make
Speaker 1: to attend night house on the same time, if you
Speaker 1: wait till you are thirty five, you make only eighty
Speaker 1: two eighty two thousand, so you only make thirty four
Speaker 1: percent if you wait for fifty years.
Speaker 2: So that's how you ask that to the them about
Speaker 2: how can one invest?
Speaker 7: True?
Speaker 1: Vagad is a company, So Vagat it sells it ETFs
Speaker 1: at mutual foods. There are many copies that also offer
Speaker 1: faget is like the stock broker right, it's like it's
Speaker 1: like IBT six, like many sters like Afrige. So you
Speaker 1: look for that company that has very very cheap expense ratio.
Speaker 1: Then you buy your ETFs or mutual folds through there.
Speaker 2: The issue is the same thing they're selling to you,
Speaker 2: so use the cheaper.
Speaker 1: World to buy it. Okay, how can we start? And
Speaker 1: this is an app? Yes, they're all on an app
Speaker 1: ap showing you the apps. So start tomorrow. Go to
Speaker 1: your broker, go to your backer and ask them to start. Yeah,
Speaker 1: is there a website? Is that?
Speaker 2: Yes?
Speaker 1: Go there and start start don't You can find this
Speaker 1: out just ask Google or grog how can I buy equity?
Speaker 1: Index fought in Nigeria to tell you to tell you
Speaker 1: can I invest in the US, EAT and Niger without
Speaker 1: having the US account.
Speaker 2: Yes, you can use those apps.
Speaker 1: We've just been showed Cowie Wise, Bamboo Shaker, you can
Speaker 1: open an account in Nigeria to invest in a US.
Speaker 2: ATF That's what we just explained to you.
Speaker 1: Yes you can. How do I manage fees for those apps?
Speaker 1: You can't manage to fece this what they ask you
Speaker 1: to pay that you're going to pay unless you have
Speaker 1: a better way of doing it. If your child has
Speaker 1: a social section, you can go direct to America and
Speaker 1: open an account. It's cheaper. But if you don't have
Speaker 1: a structuring number, then you have to buy the apps.
Speaker 1: Let's get your get better. You'll get better, hiding your
Speaker 1: get better. I can't hear yourself. You're speaking, I can't
Speaker 1: hear you.
Speaker 2: Let's get a black child, black child, go ahead, black child.
Speaker 1: Fine, thank you for the lessons. I just have a
Speaker 1: quick question between the dividends paying stock and non dividends
Speaker 1: into yeah, and how they can.
Speaker 2: Impact on our portfolio.
Speaker 1: Yeah, good question. I think it's a great question. So
Speaker 1: let me put this way right.
Speaker 2: I personally, I personally do not like stock that don't
Speaker 2: pay dividends. I personally but the way Americans think is this.
Speaker 1: Americans will say, why should we give you a dividend
Speaker 1: when we have a better use for the money. So
Speaker 1: Tesla does not pay dividend because test would say that
Speaker 1: they have a better use for that money than giving
Speaker 1: it to you. They can make cash cheaper, which caused
Speaker 1: cost of cars to go down, which makes you invest
Speaker 1: on more money. Microstoff didn't pay dividence for a very
Speaker 1: very long time, so all these tech companies don't pay dividends.
Speaker 1: As a matter of fact, paid dividends is looking as
Speaker 1: if you are now a mature company, we basically are
Speaker 1: no longer growing because a lot of guy growing, you're
Speaker 1: not looking for ways to use that mondey.
Speaker 2: That's their thinking. But I personally like dividends. But I
Speaker 2: did see a chat words where they compared dividends paid.
Speaker 1: ETFs to non DIM that paid ETFs and DIM then't
Speaker 1: paid ETFs or stocks in that ETF had a higher
Speaker 1: retort investment than non paid dividend ETF. So I look
Speaker 1: at it as as by insurance policy, if I buy
Speaker 1: a stock and the share price falls, at least I
Speaker 1: got a dividend. Rabbi, is that god dividend because the
Speaker 1: share price is quote unquote doesn't mean much.
Speaker 2: It just means how much back it was to sell
Speaker 2: to you.
Speaker 1: But I get divided as real money, cash money to
Speaker 1: be I can use that money, I can reinvest, I
Speaker 1: can even retire with that money. Remember, the whole goal
Speaker 1: of investor is to build your passive echo. The reason
Speaker 1: why why do we want to do today is we
Speaker 1: want to build passive income. There is no point having
Speaker 1: that investment that does not pay you passive echo. What's
Speaker 1: the point of having shares of a copy in America
Speaker 1: where you have tied your body down, but you get
Speaker 1: they give that back in dollars. What's the point pull
Speaker 1: save future growths? I get it, But again, the whole
Speaker 1: idea of investing is passive ecome with that wort, Buffet
Speaker 1: only buys companies. He can take their cash from those
Speaker 1: companies and buying new companies. So you're looking for that
Speaker 1: cash return when you invest. Hope that answers your question, sir, Yeah,
Speaker 1: thank you, sir, fantastic. Let's get your keep better. You're
Speaker 1: to speak, you get better? Okay, you get better is
Speaker 1: off completely. Let's get mister G. Mister G, how you doing,
Speaker 1: mister G okay, Hi, yeah, yeah, hear, yeah, all right.
Speaker 1: A couple of questions to ask, Okay, how analysia stocks
Speaker 1: know if it's subali priced. Sometimes I said, some of
Speaker 1: the stalks and then I want to invest in them
Speaker 1: in that the blue chip or you know, glod stocks,
Speaker 1: But I don't really do that. Price with the er
Speaker 1: nan stock. Everything sums like premium price. Do you know
Speaker 1: the difference between price and value? Okay, let let's let
Speaker 1: me give you an example. Right, if you go and
Speaker 1: buy beats, why you buy beats? Why why you buy?
Speaker 1: Why are you buying beats? Tell me the trick question,
Speaker 1: the trick question. Why do you buy beats because the
Speaker 1: protein because the curbs?
Speaker 2: Right? Okay?
Speaker 1: Will that ever change? Will that change? It would never change,
Speaker 1: I'll be okay. What about the price of bees or
Speaker 1: the price of bees go up or down?
Speaker 2: Does it change?
Speaker 1: Yes? Yes? Okay, So the value of bees is the same,
Speaker 1: it stays constant a bee, yes, But the price of
Speaker 1: bas goes up and down a bee yes. So your
Speaker 1: question to me is you're asking me when can I
Speaker 1: know that bees is overpriced or on the price that
Speaker 1: be that's true. So the way you notice you have
Speaker 1: to calculate the value what we call the intrinsic value
Speaker 1: of beats. What I asked you, why do you buy?
Speaker 1: You said to eat because giving you protein and carbohydrates.
Speaker 1: What's the value of protein and carbohydrates to you? If
Speaker 1: the value to you is on thousand nira. So let's
Speaker 1: say you have done your carcaich are the intrinsic value
Speaker 1: of beans and the value of beans came back to
Speaker 1: you at one thousand dira. So question for you, right Ebuka,
Speaker 1: value of bas is what thousand? If I sell you
Speaker 1: beans at bye one hundred narra, will you buy? Value
Speaker 1: of business a thousand? I've offered you beans at buy
Speaker 1: one hundred?
Speaker 2: Will you buy?
Speaker 1: Can have fair enough? You will buy because the price
Speaker 1: the price of beans is below the intrinsic value of beans,
Speaker 1: so it's under priced. So as a trader, you want
Speaker 1: to calculate the intrinsic value of beans. Once you get
Speaker 1: that number, you then want to put the price target
Speaker 1: and say, once this price falls below the intrinsic value,
Speaker 1: I buy. Same way, if it goes a bo the
Speaker 1: intrinsic value to a percentage that I have predetermined, I sell.
Speaker 1: So to answer your question, you have to know the
Speaker 1: intrinsic value of that stock that you want to buy
Speaker 1: or sell. What makes that stock make money? What is
Speaker 1: the value of that unique setin point? If you get
Speaker 1: the number to it, then you buy and sell based
Speaker 1: on the intrins But again, if you want to look
Speaker 1: at it this way, if the volume is dropping, the
Speaker 1: value is dropping. I'll stop there and lois I's dropped off,
Speaker 1: mister G.
Speaker 2: Are you ready to speak now?
Speaker 1: Mister G, I've called you twice, going to take you off,
Speaker 1: king kV ng, kV NG. Where can I buy the book?
Speaker 1: If you want to buy my book, It's only on
Speaker 1: Amazon for now. I do apologize. It's only going to
Speaker 1: be on Amazon for now. We know I have it
Speaker 1: run in Nigeria. We did three three roles, all sold out,
Speaker 1: but just on Amazon for now. Yep, go ahead, sir,
Speaker 1: I can hear you.
Speaker 3: I have a.
Speaker 1: Question.
Speaker 5: I've been twing them and you asked a quxchange for
Speaker 5: like I'll say, please, now just tell you that money.
Speaker 1: He's we don't come back against to buy land the property.
Speaker 1: There's a complition. Why is that?
Speaker 5: I'm into this strike market sounds I said, I'm wasting
Speaker 5: my time.
Speaker 2: I don't get the question.
Speaker 1: Help us. So you you you buy stocks and then
Speaker 1: you take the profit and you buy landed property. But
Speaker 1: what's your question? I didn't get this question. It was
Speaker 1: since about waitiness time. I didn't get a question. Really good, okay,
Speaker 1: k v Angie, kV Angie, go ahead on how so
Speaker 1: on YouTube openness asking how do I manage fees in
Speaker 1: these apps? Like I said, those fees are a bit high,
Speaker 1: but remember you're paying you're buying in naira to buy
Speaker 1: US fee to buy US stock. I think those feeds
Speaker 1: are charging because of that that there is really nothing
Speaker 1: you can do. Really, if you want to get exposure
Speaker 1: to the US market, you've got to pay for that exposure.
Speaker 1: I think to come down going forward, But for now,
Speaker 1: there's nothing you can do. Right, there's nothing you can
Speaker 1: do about those fees that they're gonna charge you to
Speaker 1: get access to the market.
Speaker 2: Oh jeez.
Speaker 1: Yeah, So because having difficulties starting up, let me go
Speaker 1: to dms and really a few d ms there. I
Speaker 1: want to ask INMUTURE if all mutual funds pay dividends
Speaker 1: like VO no the DeFi you want to make sure
Speaker 1: you find out if they pay.
Speaker 2: They will tell you they pay.
Speaker 1: There's a particular ETF called v y M v y
Speaker 1: MI that is solely for dividends. So if you I
Speaker 1: a Groat mutual fund that just invested in it, sometimes
Speaker 1: they don't pay didn't because they are focusing on Groat
Speaker 1: not value, right, So make sure you look at the prospect.
Speaker 1: They will to tell you when they paid dividends last.
Speaker 1: So if you're a diviidend guy, make sure you read
Speaker 1: the prospective. But v OO, VT, I VT, all those
Speaker 1: big ones all pay you a dividends that is correct?
Speaker 1: Wasn't spoken? I've got mister G and PA. But Attacking
Speaker 1: you had a question, and I think I caught your
Speaker 1: to speak. So what was the question, sir? Attack? You've
Speaker 1: got the flow?
Speaker 2: Now, do I have an email address you want to
Speaker 2: write to?
Speaker 1: Yes, my first and last name at gmail. That's right there. Yeah,
Speaker 1: So you know.
Speaker 2: Ten years ago? Was it ten years ago? I think
Speaker 2: it was five years ago?
Speaker 1: On this same space on Twitter, I think I found
Speaker 1: a telegram group and I told the guys to go
Speaker 1: out and buy VTI. The telegram group is called invest
Speaker 1: twenty thirty. Yeah, and they've all bought VTI. So yesterday
Speaker 1: I asked them at what price did you guys buy VTI?
Speaker 1: I know the price they bought, but I want them
Speaker 1: to see their profit that they have made on just
Speaker 1: buying VTI and holding.
Speaker 2: So this thing is, it's not a hard concept to
Speaker 2: get guys.
Speaker 1: Like I said, I'm giving you.
Speaker 2: Yeah.
Speaker 1: So when we bought it in twenty twenty two, that's
Speaker 1: what we said the Telegram Group. Twenty twenty two, VTI
Speaker 1: was one hundred and sixty seven dollars, won sixty seven dollars.
Speaker 1: Today Vita is about two hundred and forty. So all
Speaker 1: the guys that basically did what I'm telling to do
Speaker 1: now made a one hundred percent return on their cap,
Speaker 1: on their principal in dollars. One hundred percent return. It's
Speaker 1: not magic, i''s nothing new. You buy an ascid that's
Speaker 1: going to go up in price and you just leave
Speaker 1: it alone. You don't trade it. You don't just leave
Speaker 1: it alone. If it's a good asset, why are you
Speaker 1: selling it? So five years ago they bought VTI, they've
Speaker 1: made one hundred percent. I'm telling you gut to do
Speaker 1: the exact same thing. Will the stock markets fall, Yes,
Speaker 1: the market will fall. Stocks go up, stocks came down
Speaker 1: but what is the trend? Look at the trend? What
Speaker 1: is the trend? The trend is always your friend tomorrow
Speaker 1: the entire market why it is crash to zero, But
Speaker 1: don't sell, buy more. I bet your cost and stay
Speaker 1: there because if the whole market crashes, and their whole
Speaker 1: economy has crashes, has crashed on the market will still recover.
Speaker 2: Right, So I answer that question for you? How can
Speaker 2: I get your book of answer that question?
Speaker 1: Telegram stock, you're extremely green. If you are green, you've
Speaker 1: got to do a lot of reading. You've got to
Speaker 1: do a lot of reading. The sound is going, Oh
Speaker 1: my god, I'm so sorry, guys. I think the sound
Speaker 1: went off on Twitter. So you two guys are hearing
Speaker 1: me so, like I was saying, on on on, I'm
Speaker 1: so sorry about that, guys. I think the sound went off. Yeah,
Speaker 1: two term my kick us off very soon. I think
Speaker 1: two tim kick us off very soon. It's looking that
Speaker 1: I see looking very very dicey. I'm so sorry, guys. Yeah,
Speaker 1: so again, like I said five years ago, in twenty twenty,
Speaker 1: we had a on Twitter. I had a challenge where
Speaker 1: we asked folks to go out and buy VTI the
Speaker 1: same thing I said here I told the younger folks
Speaker 1: that listened to me, go and buy VTI. Why because
Speaker 1: the US market you are younger, put your one in VTI.
Speaker 1: Why atual you created a telegram group called invest twenty thirty.
Speaker 1: So I asked them yesterday as at half year, I
Speaker 1: target is ten years. Well five years in they made
Speaker 1: one hundred percent on their investment in BTI, so VTI
Speaker 1: vo almost the same thing. View is just five hundred
Speaker 1: vitas for the five hundred they invested, about one when
Speaker 1: they bought twenty two days about one is seven dollars
Speaker 1: past stock by ETF unit. Now it's about three hundred
Speaker 1: and forty one hundred percent return. So these things are
Speaker 1: not it's not magic. It's just reinvesting and compounding as
Speaker 1: apparently how you make the fund right, So going there, guys,
Speaker 1: don't don't wait, don't don't wait for I'm not making money.
Speaker 1: The minimum is for stocks, and that it's five thousand
Speaker 1: dollars to hope. Open an ETF account or reaches for
Speaker 1: an account, or it's just account, open up a CSCs
Speaker 1: that pocket money you get buy stocks forget about it.
Speaker 1: Leave this training alone, leave this a gambling thing. Leave
Speaker 1: it alone it to ruin you crypto. You don't make
Speaker 1: enough money to trade crypto. But this is an okay
Speaker 1: one for you. You can buy equities, you can have it,
Speaker 1: you can hold it. After ten years.
Speaker 2: You will not lose money. It's difficult for you.
Speaker 1: To lose money in an index fund, very very difficult,
Speaker 1: unless the entire economy because you dian or so many
Speaker 1: where everything is gone.
Speaker 2: Do you go lose that money? You know?
Speaker 1: How you doing?
Speaker 2: I love it's ahead?
Speaker 1: Are you? I hope you can hear me better and
Speaker 1: please go ahead to the question. Yeah, go ahead, Yes,
Speaker 1: how are you doing?
Speaker 2: Sir?
Speaker 1: Yeah, I'm good? Yeah, other homos, thank you for.
Speaker 4: Because if I listening to you the same program like yeah,
Speaker 4: and I've three of those things that I am right, I.
Speaker 1: Want to appreciate you really appreciate thank you because I'm
Speaker 1: love here and grow up blest and.
Speaker 11: I would yeah, they would center down, you know, fromformers.
Speaker 1: And to ches. So now I want to diverse to univers.
Speaker 4: Rau from my young stock, buy a reserve so you know,
Speaker 4: don't learn.
Speaker 1: I think I treat you if you can't remember when
Speaker 1: we're getting you with shard all about distinct that time.
Speaker 11: I was talking about.
Speaker 1: Yeah, I don't know if you remember, Yes, I don't know.
Speaker 4: I tried to don't fish to ecutumatic investments instead of
Speaker 4: arrest and store ten.
Speaker 2: So I'm trying to learn more about it now.
Speaker 4: But I'm trying to keep to your madri right.
Speaker 1: So this did she I galimation and I tried to
Speaker 1: fall on their animation.
Speaker 4: I'm ready about that too, But then again I was
Speaker 4: thinking about, you know what, I.
Speaker 2: Have large capitalctice.
Speaker 1: Part of that argues, so I'm changing that.
Speaker 2: What about it.
Speaker 1: Like outcomes only get release of.
Speaker 4: All the new something that just getting listed on stop action.
Speaker 4: Whether if I'm in the stock when you are a
Speaker 4: very bad h you strictly advised this RETI view and
Speaker 4: as avel things I just want to.
Speaker 11: Know because I don't I want to start with depanding
Speaker 11: for the boring talk.
Speaker 4: I was in the.
Speaker 1: Stock, I don't know.
Speaker 11: We have the new listed stop we have now amounts
Speaker 11: whether you know where, Yes, I have that cogret thousand
Speaker 11: like I used to project with the amount of of
Speaker 11: stock on those new really and new stage stock in US.
Speaker 1: So look at for advances, Yeah, look at it this way, right,
Speaker 1: So look look at the point I'm making what's an
Speaker 1: index fund.
Speaker 2: An index fund is you go to the market today,
Speaker 2: you want to you want to buy things.
Speaker 1: You don't have enough money. There's rice, there's yem, there's
Speaker 1: there's oil, there's chicken, there's tourky, there's pepper, there's maggie.
Speaker 2: You don't have going to buy all those things.
Speaker 1: So what do you do?
Speaker 2: You say, Okay, I'm going to have a basket.
Speaker 1: Give me five nire rice, give me a five turkey,
Speaker 1: give me a five another oil. You buy five five
Speaker 1: five into that basket. Then you take that basket home
Speaker 1: and you do gelo fries. You don't buy a bag
Speaker 1: of rice, you don't buy it enough oil, just buy
Speaker 1: you know, you're just buying small, small, small, into that
Speaker 1: bag of rice. Once you buy that bag of rice,
Speaker 1: you take it home. So do that basket you go
Speaker 1: my ideal jel of fries. That's what the index fund is.
Speaker 1: When you buy the index fund, you have automatically bought
Speaker 1: all those stocks. When you see mister Urrel Buffett says
Speaker 1: buy s and P five hundred, that means you are
Speaker 1: buying the top five hundred stocks in America by just
Speaker 1: buying that one index fund. You see that's the point.
Speaker 1: If you try to buy those stocks buy yourself. You
Speaker 1: don't have the money. So number one is cheaper. Number
Speaker 1: two is that massification. Number I shared with you, the
Speaker 1: I share with you, the the the costumes of the
Speaker 1: index fund. It's all those big stocks, you know, the
Speaker 1: test Last, the Alphabet, the Googles, the Amazon, They're all there.
Speaker 1: So you buy with one dollar, you are getting access
Speaker 1: to five hundred companies.
Speaker 2: So do that first.
Speaker 1: Understand the market first. Then tomorrow you can say I
Speaker 1: now know more about the market. I can work by
Speaker 1: individual stocks. You follow what I'm saying, Start off with
Speaker 1: the index first, then do the individual because that's why
Speaker 1: mister Warren Buffett, the richest guide and the guy we're
Speaker 1: all respect and investing, that's what he has access to do.
Speaker 1: Not because we should follow him blindly, but he has
Speaker 1: shown us that if you do it that way, you
Speaker 1: beat trading. That's what he's saying. So do it that way.
Speaker 1: Then if you then have more money, you can have
Speaker 1: a treading account, you can have your own other account,
Speaker 1: but do it this way to start with. It will
Speaker 1: help you.
Speaker 2: Yeah, makes sense, okay, Enno.
Speaker 1: Question, Let's get cost mass c os MS building a
Speaker 1: brand in finance market that helps individuals understand the retailers
Speaker 1: psychology and how to navigate costomers.
Speaker 2: You've got the floor, please go ahead, Okay, thank you,
Speaker 2: I can sir, okay, thank you for the opportunity.
Speaker 9: Like you're doing great.
Speaker 2: I ha been following you since twenty twenty two, twenty
Speaker 2: twenty three.
Speaker 5: Who'st in space with let media and dec You have
Speaker 5: been a blessing to me and dog, so two individuals
Speaker 5: who is putting what your teaching in the industries that's
Speaker 5: about asking custom but is just the compliments your geneer.
Speaker 5: What you're doing in this space is very fantastic. Is
Speaker 5: your space that I can't are knowing about Facebook stock
Speaker 5: when it was trading around the one hundred dollars, but
Speaker 5: currently I think around sis area and the system which
Speaker 5: I bought some shares and the other ones. And also
Speaker 5: the insights about the researcher it's now instruments about researching
Speaker 5: and other sense that helps two young ones to position
Speaker 5: in the financial market. So my contribution is you're doing
Speaker 5: a great job and what you are teaching and putting
Speaker 5: all of them into execution, which is yielding a lot
Speaker 5: of the profit for me. And doctor to the investment category,
Speaker 5: researching some stocks and knowing how to navigate the financial market.
Speaker 2: So it just a compliment what you're doing. It just
Speaker 2: is not only talking, but you are improving lives.
Speaker 5: And I'm one of them that you help in the industry,
Speaker 5: which I invested the LA and I'm seeing the returance
Speaker 5: both Clean's Back or It's they're just companies in America.
Speaker 2: When we are treating below under the pot's go and
Speaker 2: check them.
Speaker 12: Now Clean's Back is trading a fifty eight dollars one
Speaker 12: is ten dollars of pots that we are treated as
Speaker 12: an appoint five both because of the knowledge and got
Speaker 12: from your space ie research and that got them earlier,
Speaker 12: which they're in my portfolio and bambook which they are
Speaker 12: you the a lot of returns that is imaginable. So
Speaker 12: I'm so happy for your space and then following you
Speaker 12: back to back and dog so.
Speaker 1: You're doing a great job in the industry.
Speaker 2: Thank you and God bless you. Thanks.
Speaker 1: I appreciate the comments. Really do The best way you
Speaker 1: can support me is to also let me give you
Speaker 1: a challenge, right, maybe buy a book and give someone
Speaker 1: for free. Get one of my books and give someone
Speaker 1: for free so they can read and also try to catch.
Speaker 1: Most of the stuff I say here is in the book.
Speaker 1: I have a passion to educate about for the show literature,
Speaker 1: so I want you to do that for me. That
Speaker 1: would be a good way for you to to support me.
Speaker 1: Get the book, give someone for free so these learn
Speaker 1: So again, just to say this, right, I'm a bit disappointed.
Speaker 1: I asked the ladies to come in and ask questions.
Speaker 1: I've not seen one lady coming to ask a question.
Speaker 1: You know, if I had done this space and I
Speaker 1: had charged five thousand niner, I won't have sitting room.
Speaker 1: You know that, right. But on this space and I
Speaker 1: said you're gonna have to pay five grand and you're
Speaker 1: gonna have to come listen to me, there will be
Speaker 1: no room because it's free. So it's not coming. So
Speaker 1: maybe next time we'll make it. We'll make it pain
Speaker 1: only and then that way we can get more participation. Yeah,
Speaker 1: you guys, So we've got a book. I think I've
Speaker 1: spoken in life, we've spoken. Who hasn't spoken? Who hasn't
Speaker 1: spoken on DM. Let's make sure I read the DM.
Speaker 1: So I get everyone in here and then you got it. Yes,
Speaker 1: so someone is extend. It's called Yeah, VT S A X.
Speaker 2: That is correct.
Speaker 1: VT s a X is how it is usually called
Speaker 1: sometimes as the index phone. VT s X is the
Speaker 1: index phone. On the ETF side. It should be called
Speaker 1: the s M P five and all that. Yes, J.
Speaker 2: Collins, uh so, yeah, that's the index phone to be.
Speaker 2: That's the index phone.
Speaker 1: But all the other ETFs track that index. The index
Speaker 1: is just the what where, It's just the comdition of
Speaker 1: all those stocks. Right. Then you can have an ETF
Speaker 1: that will track and say I'm going to replicate that index.
Speaker 1: Once you buy my ETF, you are buying the index.
Speaker 1: That's exactly what you're doing. So you can buy the
Speaker 1: V O H D VT. I. Let's say you want
Speaker 1: to buy all the stocks on earth quote unquote the
Speaker 1: good ones. Right, I want to buy all the good
Speaker 1: stocks on Earth. When I is US, Nigeria, and America.
Speaker 2: Just buy VT. That's Google VT.
Speaker 1: That's all the stocks South Korea, Nigeria, Nigel, Niger is
Speaker 1: there above South Korea, America, China, Japan, and Canada's all
Speaker 1: going to be in that VT. Nigeria used to have
Speaker 1: an ETF that it was called the m CI ms
Speaker 1: CI Nigeria and ETFs where you could buy that particular
Speaker 1: ETF anywhere.
Speaker 2: In the world, and then of course you are buying
Speaker 2: the Nigeria and stock back.
Speaker 1: But they stopped it. That was under from our president
Speaker 1: because we went the dollar was tight. They didn't want
Speaker 1: that people would buy. People want to sell, they can't
Speaker 1: get dollar, so they stopped it. So if if the
Speaker 1: economy improves and we get more dollar circulation, perhaps they
Speaker 1: will restart it. If they restarted, most of you guys
Speaker 1: can just buy that ETF and it replicates what's happening
Speaker 1: in Nigeria as well. So that's one on our hopes.
Speaker 1: I can get that going. If it was MSCI that
Speaker 1: had it before then it was stopped. So yeah, Toby,
Speaker 1: what's up him? Good about that? I wanted to ask,
Speaker 1: can you talk about the psychology of human entirely when
Speaker 1: it comes to investing. It seems like we've been talking
Speaker 1: about this over and over and over for so many years,
Speaker 1: but then people still find it difficult to stay put
Speaker 1: invest that cost.
Speaker 2: Average and then you just skip buying, and then people like.
Speaker 1: Something flashes like something very very interesting, then go inside
Speaker 1: for it, buy it, and then it's paused and then they'll.
Speaker 2: Come back again and start all over again.
Speaker 1: What is the thing about about the human mind that really,
Speaker 1: really it's our imagination of lets people just stay on
Speaker 1: one very proven strategy by and let it just go.
Speaker 1: You have you have a lot of experience, but a
Speaker 1: lot of people. Can you just help me understand to me,
Speaker 1: that's a great question. You know in the Bible that
Speaker 1: this story in the Bible about I forget the guy's name.
Speaker 1: He was the guy, he was a cat, not the god.
Speaker 1: And he went to Elisha. I don't want to kill
Speaker 1: my Bible studies. Year.
Speaker 2: The general went to Elisha and said, I.
Speaker 1: Have leprosy, and I want you to cure my leprosy
Speaker 1: even today with a leprosy if ever, very contigious disease.
Speaker 1: You know, if you have it, it's bad. You know.
Speaker 1: It was a lepard. And when he went to the
Speaker 1: to the to the quote and quote to the sage,
Speaker 1: he says, says, go take a bad seven times. End
Speaker 1: of story. What a story about. This is a simple
Speaker 1: thing to do. It wasn't that the river would cure
Speaker 1: him about his fate in listening to someone that knows
Speaker 1: what he's doing about what's going to cure him. Warren
Speaker 1: Buffett has said, if you want to make money, bad
Speaker 1: index fund. He didn't say trade, he said take your money.
Speaker 1: You're one dollar Bay index fund. Leave it alone. That's
Speaker 1: what means. I would prophet said, if you simply go
Speaker 1: by fate and do it, because it sounds so simple,
Speaker 1: we don't believe it. Same with the general guy. He
Speaker 1: didn't want to go to bid because he said el
Speaker 1: actually had told him, bring one hundred cows they must
Speaker 1: be white, then bring one hundred pigeons they must be black,
Speaker 1: then kill them at exactly eleven o'clock, and your leperson
Speaker 1: will go. He would have done it, and you know
Speaker 1: he wanted something complicated. But in a human mind, if
Speaker 1: something is complicated, it's true. If it's simple, it's too simple,
Speaker 1: everybody would do it. So on this space we have
Speaker 1: close to three town poods have joined this space.
Speaker 2: Three thousand. I've studied again on this space in.
Speaker 1: Twenty twenty, twenty twenty five years ago or six years ago, right,
Speaker 1: we had this exact same space. Well, we've told folks
Speaker 1: to go buy VT. I never recommend, but I said this,
Speaker 1: if you are young, go buy VT. I've got this.
Speaker 1: It's an equity phone. You're invested in America. Some people
Speaker 1: did it, somepled doing the guess I did. Today.
Speaker 2: Are on a telegram group.
Speaker 1: I'm not.
Speaker 2: They're there.
Speaker 1: They're gonna come out, and they're there. They ad made
Speaker 1: one hundred percent return what they did in trade. The
Speaker 1: entire group is buy dollar cost average, don't sell, don't
Speaker 1: do anything. Just buy it, leave it alone. Rip Van
Speaker 1: winkle Port for the what people don't do. People want
Speaker 1: something sexy. I want to buy crypto binary assets that
Speaker 1: I take a loan and I buy it and then
Speaker 1: hopefully it gets to ten percent and I sell that.
Speaker 1: There's no profit in that. Investing is very boring and patient,
Speaker 1: and you have to vote.
Speaker 2: The principles. What are the principles?
Speaker 1: Start early, compound, reinvest your dividends. Start early compound, reinvest
Speaker 1: your dividends.
Speaker 2: That's it.
Speaker 1: There's nothing else to invest in. Start early, compound, reinvest
Speaker 1: your dividiate. That's it. The rich average day because they
Speaker 1: have compounding, their compound their investments. What's the company? The
Speaker 1: company sells goods and does retained earnings, right, they compound them.
Speaker 1: Tax laws tell a company if you make a profit,
Speaker 1: but you use funds to make that profit will allow
Speaker 1: you not to pay tax on it, so they have
Speaker 1: an advantage in builds to compound profits, so the value
Speaker 1: of the company keeps on rising. Even when traders. If
Speaker 1: you trade in America and you do not, if you
Speaker 1: sell your portfolio within a year, the US government will
Speaker 1: tax you more than if you sell your portfolio after
Speaker 1: a year.
Speaker 2: So when US comment is telling you don't trade, but
Speaker 2: we have day traders.
Speaker 1: So it's always a very very good obsertion and your
Speaker 1: braver but that we want to do the complicated.
Speaker 2: When the simple is right in front of us, and
Speaker 2: I've given you the pathway.
Speaker 1: If you're in Nigeria today, go and open up a
Speaker 1: retirement savings account. Why rc Why not bag account?
Speaker 2: Because RSA has tax advantages.
Speaker 1: Wants to open that account, take money from your paycheck,
Speaker 1: putting that RAS because the ARRS does automatic compounding for you.
Speaker 1: Invest in front one of fund two that has a
Speaker 1: high equity composition. Leave that RSA alone. Contribute monthly, Just
Speaker 1: leave it alone. When you retire, you're going to have
Speaker 1: more money than you're putting. Someone's want to say, what
Speaker 1: about inflation, Yes, there's going to be a big inflation
Speaker 1: because the RSA but stocks have beating arrases. RSSA has
Speaker 1: beaten inflation in Nigeria because starks have beating inflation. So
Speaker 1: if you want to be more you want to be
Speaker 1: more aggressive, you RSA, do a separate fund. Then do
Speaker 1: what I'm saying, go and buy NGI x thirty NGI
Speaker 1: x thirty that's the thirty biggest toxic ninety are buy them,
Speaker 1: putting that portfolio, reinvest your dividends, leave it alone. If
Speaker 1: you want to do the American one, buy the S
Speaker 1: and P five hundred, so you buy VTI, you buy
Speaker 1: your own, reinvest your dividends, leave it alone. Ten years
Speaker 1: look at it. You won't have lost money. It's just
Speaker 1: related that simple, really. So the idea is compound if
Speaker 1: you are younger. If you are younger, compounding works for you.
Speaker 1: Once you get older, the effect of compounding no longer
Speaker 1: work for it. Then unfortunately you take more risk because
Speaker 1: you missed out on compound. You can't get your companying back.
Speaker 1: It's like.
Speaker 2: If you don't train when you're young, you can't train today.
Speaker 1: You can't get nine women pregnant and have a baby
Speaker 1: in one month. You have to have the baby born
Speaker 1: in nine months. So you can't say I want to
Speaker 1: increase a number of women and have to dib in
Speaker 1: one month. Doesn't work that way.
Speaker 2: You you know what I mean. Thanks to be appreciate that.
Speaker 1: Let's get cheat school.
Speaker 2: Don't be handing myna to honor.
Speaker 1: You're good.
Speaker 2: I mean, if I have more space, I could chicken again.
Speaker 2: Just going, ok, just go.
Speaker 1: Yeah. I do want to say thank.
Speaker 11: You for everything you've been doing for all of us
Speaker 11: on diste that I.
Speaker 1: Will be I will follow you for a very long time.
Speaker 1: But I am a need to question.
Speaker 4: I want to ask, and you need to be confused
Speaker 4: regarding and US stock dividends.
Speaker 2: US talk that face dividends.
Speaker 1: Like we that were on inside the US.
Speaker 2: I think we have.
Speaker 1: Changed that, patients.
Speaker 11: Yeah that so do you still like you still advice
Speaker 11: to buy dividends face stock or just normal stocks?
Speaker 1: Now I'm asking you to buy the index, not even
Speaker 1: the stocks itself. Just buy the index and then reinvest
Speaker 1: the index. Yeah, okay, because I hear what you just saying.
Speaker 1: If you if you if you don't, if you're the
Speaker 1: US person, they will give you this w W eight
Speaker 1: abey is you W eight A B?
Speaker 8: Yeah?
Speaker 2: Yeah, I do W eights. But when you paid. Okay,
Speaker 2: it doesn't work down.
Speaker 1: Okay, that's fine, But just buy the index because the
Speaker 1: returns on that index.
Speaker 2: It's one of the tax that they're taxing your dividends.
Speaker 1: What if so reinvest the dividend, reinvest the dividends, the
Speaker 1: portfolioself is growing. The portfolio itself is growing because when
Speaker 1: you reinvest the dividends, your average cost falls. So if
Speaker 1: you buy the portolo for one hundred dollars because you
Speaker 1: are reinvesting dividends, your average cost is going down even
Speaker 1: with the tax, even with the tax. Makes sense, sir, Yeah, yeah,
Speaker 1: thank you.
Speaker 2: I appreciate you, sir, to big want to come back?
Speaker 1: Yeah, I really want to. I want to dive in
Speaker 1: a little bit deeper. You know, I read a book
Speaker 1: a couple of time. You've said about five kis to
Speaker 1: your fellows around me as well. But does this book
Speaker 1: when I asked on on YouTube by Jail Collins the
Speaker 1: Simple Part of the.
Speaker 2: World, and he really discussed about.
Speaker 1: Building an asset, multiplying your armor expenses by twenty five
Speaker 1: and pulling out about four percent, supposing that the asset
Speaker 1: performs roughly about seven percent per year, and then three
Speaker 1: percent it's kind of for inflation. You pull out four percent,
Speaker 1: Can you break that down for us since you're talking
Speaker 1: about you in wealth in really practical terms, so that
Speaker 1: we're not just talking about buying BTI and then just
Speaker 1: keep Then at.
Speaker 2: What point do you start really enjoying it?
Speaker 1: And we're talking about someone who is like forty years
Speaker 1: now and we're starting out and you trying to build
Speaker 1: something until retirement to the five x your expenses within
Speaker 1: out four percent?
Speaker 2: Also, can you bring it down for us in a
Speaker 2: very simple way?
Speaker 1: Okay, So that four percent is this is a colclash.
Speaker 1: I using America to say that when you have your portfolio,
Speaker 1: you can survive with withdrawing four percent a year. It's
Speaker 1: like a rule of time to say that whatever portfolio
Speaker 1: you have, if you withdraw four percent, you can survive
Speaker 1: on that four percent as income for the year. So
Speaker 1: if you walk to the answer, what do I say
Speaker 1: is this, if you want to end ten thousand naira
Speaker 1: every month in Nigeria or every year in Nigeria, what
Speaker 1: would you have invested that when you multiply that principle
Speaker 1: by four percent, it will give you that ten thousand.
Speaker 2: You see how they are worried about it. They are anticitive.
Speaker 1: Copul are four percent from your portfolio keeps you going
Speaker 1: in your retirement. So walk back as a twenty five
Speaker 1: year old. When you start working, you have very very
Speaker 1: low income, very very low income, so you can't invest.
Speaker 1: That's when you take on debt. There are students to invest.
Speaker 1: But let me start again when you are younger. When
Speaker 1: you start working, you don't have any income potential. You
Speaker 1: just there to work. You have no income. You are
Speaker 1: expected to then take on debt to build your assets.
Speaker 1: What sort of debt mortgage? Right, even a car loan?
Speaker 1: You buy your house with debt. What happens to the
Speaker 1: house as you get older, you are pain of the
Speaker 1: house that when you are retiring, the house is yours.
Speaker 2: You have built up that equity. Then you can sell the.
Speaker 1: House or take a heelock on the house and then
Speaker 1: leave off the income from that house. Same thing with equity.
Speaker 1: When you are starting off, you have no money to invest.
Speaker 1: Visit bassone that has worked longer than you. Your income
Speaker 1: is low, your salary is low. So the only way
Speaker 1: you can actually build an asset is to buy today
Speaker 1: and allow the process of time and then discus and
Speaker 1: the DCEA when you're making your monthly payment into a
Speaker 1: portfo to build that portfolio for you. The idea is
Speaker 1: to build a portfolio that generates passive income that pays
Speaker 1: your expenses. The reason why we are all working is
Speaker 1: to generate passive income from our fixed income to pay
Speaker 1: our expenses. Fixed income is the active income you make
Speaker 1: when you're working. So Toby, let's say you're a doctor today.
Speaker 1: You are working today as a doctor to end his salary,
Speaker 1: but your salary is active income. You've got to go
Speaker 1: to your office to create that active income. What we
Speaker 1: need to do is to convert that active income to
Speaker 1: passive income. So you take your salary, you buy a house,
Speaker 1: you buy stocks, and that how on the stock you
Speaker 1: have bought are going to allow you down the line
Speaker 1: generate passive income. Active income is not wealth. Better example,
Speaker 1: if you're a footballer, you play for Chelsea. You're being
Speaker 1: paid one hundred thousand pounds a week. That's not wealth,
Speaker 1: that's simply active income. Your job is to convert that
Speaker 1: active income to passive income. So you take a hundred
Speaker 1: thousand pounds, you buy property, you buy land, you buy shares.
Speaker 1: It starts to give you income today very little.
Speaker 2: You can't pay your four percent.
Speaker 1: But down the line, those assets genen rates enough passive
Speaker 1: income to pay your expenses. If you are working today
Speaker 1: and you do a calculation and you have no passive
Speaker 1: income today and you're about to retire, I know the
Speaker 1: word to use for your in big trouble. Your salary
Speaker 1: is not. The important element is the passive income you
Speaker 1: have built. If your salary stops today, where else would
Speaker 1: we get money from? You have a house that pays
Speaker 1: you rent? Do you have stock that pay you dividend?
Speaker 1: Do you have a business that pays you the director's fees?
Speaker 2: Word?
Speaker 1: Without that passive income, you're in big trouble. That's the
Speaker 1: point to But that's your question of asking. If you
Speaker 1: look at it that way, passive active four percent, it
Speaker 1: sues to make sense.
Speaker 2: All we're doing today is to show you how to
Speaker 2: get passive income. That's it.
Speaker 1: If you don't get passing income, you're in big trouble.
Speaker 1: And passing income is you have a house. It pays
Speaker 1: you rent or it avoids you paying rent. So if
Speaker 1: you have a house, you live in that house, you're
Speaker 1: not paying rent. Fantastic, that's also passive income because money
Speaker 1: is staying in your pocket. But if you don't have
Speaker 1: a house, your pain rent and you are retiring, you're
Speaker 1: in big trouble because your expenses would never stop, but
Speaker 1: your active income has stopped. Active income needs a long
Speaker 1: time to be converted to passive income.
Speaker 2: You and I know to be the way we build
Speaker 2: homes in Nigeria is that we go and buy virgin.
Speaker 1: Land in a swamp. You know how we'll build house Nigeria.
Speaker 1: We don't have a mortgage. So if I live in Ekeja,
Speaker 1: I'll go and buy land in one swamp, hoping that
Speaker 1: in fifteen years they will build the road people will
Speaker 1: start to move over there.
Speaker 2: Then I sell one plot, I fence it.
Speaker 1: I do foundation in one year next to the game probation,
Speaker 1: I do fence, I do decing I do. That's how
Speaker 1: we build homes here is the exact same thing, that
Speaker 1: same principle of buying an asset in the future then
Speaker 1: taking our active salary to build that home up. Because
Speaker 1: when we retire in twenty years that swamp we bought,
Speaker 1: it's not a big area. When that has grew up.
Speaker 1: In Legos, Legos stopped at mobile the mobile exit. That's
Speaker 1: where lego stopped. Everything outside role was a swamp. If
Speaker 1: you go on that road, they were literally you see
Speaker 1: chrocodyes and monkeys. After that mobile there was nothing. From
Speaker 1: that mobile down there was a road. The road went
Speaker 1: all the way, but there was nothing on both sides.
Speaker 1: It was swamp and Atlantic Ocean go there. Today is
Speaker 1: the fastest current area. I will say the whole world.
Speaker 1: Folks that bought teared roundabout second ro but not first
Speaker 1: to add today millionaires, they converted their their active income
Speaker 1: to passive income. If you don't get that point, you
Speaker 1: only get it. That's why you're working to convert your
Speaker 1: active to passive. If you don't convert your active to passive,
Speaker 1: your victor to be hope. That helps perfectly.
Speaker 2: Can I ask a follow question today? Yeah, good things
Speaker 2: stay another four percent?
Speaker 1: Now, if the idea is to pull out a four
Speaker 1: percent and so I want need per year every year,
Speaker 1: will that four percent come from the dividend or would
Speaker 1: you have.
Speaker 2: To sell off some stocks?
Speaker 1: No?
Speaker 2: What nomer the four pers American number.
Speaker 1: What they are saying is that when you have walked
Speaker 1: and built your portfolio, you've now retired.
Speaker 2: There's no more active income.
Speaker 1: You've now ret so you have a portfolio, maybe your property,
Speaker 1: your are, your your your your socialistic, the payments, maybe
Speaker 1: your IRA. They are saying that what youdraw from that
Speaker 1: portfolio that four percent to to to pay all your
Speaker 1: expense and keep you alive. That's what they are saying
Speaker 1: that when you do four percent, it allows you to
Speaker 1: survive on that PORTFOLI, you can do it. You can
Speaker 1: do fifty if you have more and more money and
Speaker 1: not money but the four possesses the minimum cap. They're
Speaker 1: telling you that if you can just build a portfol
Speaker 1: that can generate four percents for you annually for two
Speaker 1: to five years, you're fine. Remember, Americans live longer. They
Speaker 1: have good health care, so when they live longer, they
Speaker 1: need a portfolio that has to be there to pay
Speaker 1: their expenses. When we retire in Africa, we go to
Speaker 1: the village. We don't have expenses to the village. Remember
Speaker 1: we don't pay power, We don't pay all our stuff
Speaker 1: in the village. Yes we pay, but we don't pay
Speaker 1: the way and Americans living in Florida and the retirement
Speaker 1: village is paying. So our expense is after retirement form.
Speaker 1: But health care what we don't take into account when
Speaker 1: we are young, because a big issue where we are older.
Speaker 1: Americans have medicaid. We don't have medicaid in Africa. So
Speaker 1: you have look at it who you are talking to.
Speaker 1: If you are retiring America, you have a better chance
Speaker 1: ardiclary time Africa because of the medical care is taken
Speaker 1: over by the government. In Nigeria. It's all happens is
Speaker 1: your children are your medical what's it called medical fund.
Speaker 1: If you are sick, your children have to take you
Speaker 1: to the hospital and pay for you. In the America,
Speaker 1: that's Medicare. There's Medicaid that will take care of you.
Speaker 1: So that four percent is what they want to go
Speaker 1: to the cinema to go for holidays. All put America
Speaker 1: child over the world because they have a certain or
Speaker 1: the nice way where the ceremony post your tabin.
Speaker 2: We don't in Africa.
Speaker 1: So you've got to build a portfolio that covers your
Speaker 1: income post work. Man. Nagians don't buy health insurance, but
Speaker 1: they need it when you stop working. We don't do
Speaker 1: nh Giants. We think it's a government that's taking our money.
Speaker 1: But you need nhhians because when if you get sick
Speaker 1: in Nija and you are seventy who's going to pay
Speaker 1: if you don't have kids in America. That's that's what
Speaker 1: really happens. If you are sick, they semony, they take
Speaker 1: care of you.
Speaker 2: But if you don't have kids in America, who is
Speaker 2: gonna pay for you? If you're seventy.
Speaker 1: Tout? How that helps? If you are African, they we're
Speaker 1: changing a bit in Africa right now. There's hardly a
Speaker 1: family today in Africa, just in Nigeria that does not
Speaker 1: have a cousin or brother abroad. Those kids that went abroad,
Speaker 1: when they went abroad, if they went as a single
Speaker 1: person abroad, they still remember you.
Speaker 2: In Africa.
Speaker 1: When they have kids, they're going to forget about you.
Speaker 1: Their kids are going to be interested in sendingmoney to
Speaker 1: my man Godzi. In Nigeria, they're not good to be
Speaker 1: because they have their whole life there. So you're going
Speaker 1: to see that going forward, there's going to be a
Speaker 1: change in the demo graphics of Nigeria. We have a
Speaker 1: lot of old people in America and I want to
Speaker 1: come back to Nigeria, but have no means to come back.
Speaker 1: What I mean no means, there's no security, there's no medica,
Speaker 1: there's no medicare. But these guys have a lot of money,
Speaker 1: a lot of money, but.
Speaker 2: Don't come back to Nigeria.
Speaker 1: If you have the means, if you can, if you
Speaker 1: know your state governor, you know your local guy, and
Speaker 1: you can build a village for retorneyes. You can put
Speaker 1: the hospital there, put the golf course, put the leak.
Speaker 1: You will make more money from those retirees than from fack.
Speaker 1: Because the cost of medical care in America. Manage medical
Speaker 1: care in America, you guys know this about from five
Speaker 1: thousand dollars to about fifty to dollars per person. What
Speaker 1: means if you live here and you need assist assisted
Speaker 1: care in a home, the state or the federal pay
Speaker 1: part person between five thousand to fifty thousand dollars towards.
Speaker 2: If they called to Nigeria, you offer them a Bungalo.
Speaker 1: Nurse on duty, twenty four hours doctor or call twenty
Speaker 1: four hours. Golf costs, lake security, walking paths, exercise Dolly.
Speaker 1: Would you can do all this at less than tabial
Speaker 1: error in Ira but they're being paid eight dollars. If
Speaker 1: you can create that chac of community Nigeria, Wow, you're
Speaker 1: gonna have lots of retirests coming back to Nigera because
Speaker 1: their dollar would last them twice what lasted in America.
Speaker 1: But in Nigeria you don't have them nos of call.
Speaker 2: So it's the medicaid. They get it deep the what's
Speaker 2: it called?
Speaker 1: They get it great medical care in Africa from medical doctors,
Speaker 1: from notices that they can't afford in America Nigeria. How
Speaker 1: much is their food? How much is there is their power?
Speaker 2: How much?
Speaker 1: So if state can do this, builders, you can build
Speaker 1: a skyscraper or you can do the bundleog a skill
Speaker 1: and these guys will come in from America. They will
Speaker 1: come here, they will live, they want to they want
Speaker 1: to die here and you can bury them in a
Speaker 1: nice cemetery.
Speaker 2: And you are getting f d I like crazy because
Speaker 2: the next day you're going to have that.
Speaker 1: The American RETAbet hopes will have to come to Nigeria
Speaker 1: and build RETAbet hopes Nigeria where they will send people
Speaker 1: here at half or what at the price. That's a
Speaker 1: that's a big bills of if anyone has listened. If
Speaker 1: you can't build that, people will come because over here
Speaker 1: it's expensive. It's expensive. If you build Africa Nigeria ware
Speaker 1: it's safe. Quote off the price. Go look at the
Speaker 1: old people. What do they what do they need? Because
Speaker 1: that care.
Speaker 2: That's it all right, guys, we're gonna go very soon.
Speaker 1: Guys. I see I saw have regoed s c HD
Speaker 1: y s s THD is in ETF that is high dividends.
Speaker 1: So yes, that's other good word s c HD. Remember
Speaker 1: you got to invest based on your objective. If you
Speaker 1: want dividends, go out do that, but start with the
Speaker 1: build a triangle. At the base of the triangle, build
Speaker 1: your VTR, your VT v O O. Then start to
Speaker 1: walk your way up as Okay, I want dividends, I
Speaker 1: work tech and at that work your way up. But
Speaker 1: then the base be that solid US equities, blue chip
Speaker 1: old body stocks and you can't go wrong with that.
Speaker 1: Fantastic guys, let's call it today. Terms of questions, if
Speaker 1: you say the DM, of course I'll answer those asks
Speaker 1: for questions on the DM. Ask for the general tier
Speaker 1: line and I will definitely answer your question on the
Speaker 1: general tier line. While here again, oh my god, you
Speaker 1: guys while here again every every every Sunday, seven pm,
Speaker 1: where we'll see about body and investing. I think, guys,
Speaker 1: for this ding like I said, this is gonna be
Speaker 1: this is gonna be recorded. It's gonna be recordable on YouTube. YouTube,
Speaker 1: guys all being fantastic, lots of them here listening in.
Speaker 1: It's gonna be on YouTube, also, gonna be on the
Speaker 1: gonna be on the on the on the podcast as well,
Speaker 1: so you can go back and listen. And I've shared
Speaker 1: the slides also on Twitter. Anyone I don't understand, go
Speaker 1: to the slide, ask me a question and I'll ask it.
Speaker 2: Most of all this tuff, guys, is in my book.
Speaker 1: I always plug my book because it's there, and I
Speaker 1: wrote that book with Nigeria in mind. So it's the
Speaker 1: same teachings that you see a jail Collins talk about,
Speaker 1: but within Nigerian perspective, and I use Nigerian example. There's
Speaker 1: a whole chapter there where I analyze close to twenty
Speaker 1: equity fund. I'll tell you if you want to buy,
Speaker 1: if you want dividends, buy this equity fund. If you
Speaker 1: want this one, look at this one. Three ets not
Speaker 1: even foreign want. There's video there, but also Nigeria. I
Speaker 1: want it because a lot of Nigerian etail that guys
Speaker 1: don't hear about, right, So it's all there.
Speaker 2: In the book. It's all in the book.
Speaker 1: Trying to get the book, get for yourself, get us
Speaker 1: a gift, send out to someone. It's only available on
Speaker 1: Amazon for now. I think you bless someone. Wmen, right, guys,
Speaker 1: so fantastic. It's been a great session, especially I wanted
Speaker 1: my only My only regret is I didn't get a
Speaker 1: lot of females coming in to ask questions. I don't
Speaker 1: know how we will have to do a special space
Speaker 1: only for the females. I know how I'm going to
Speaker 1: use to beg them to come. But we definitely got
Speaker 1: to beg because wealth is built. And again the guys
Speaker 1: an't hit me when we do the exercises, right. Women
Speaker 1: tend to be better investors than men. There's said the
Speaker 1: reasons because women don't take risk, so it's a plus
Speaker 1: are than minus. But men don't take risk, so it
Speaker 1: tends to be to manage that money is better than men.
Speaker 1: You know that women doing gambling, they do, but there's
Speaker 1: a lot of that doing gambling or even crypto. But
Speaker 1: when EMPTM sold shares in Nigeria, women were almost double
Speaker 1: the amount of men that brought shares. So women understand
Speaker 1: invested and understand buying shares, do you don't start doing
Speaker 1: and two best to be to one Chessea, be to Tottenham,
Speaker 1: but instead of buying empty and shares.
Speaker 2: This is why I wanted wanted to come to the
Speaker 2: space and essentially here with this.
Speaker 1: And they don't take you home because I know if
Speaker 1: I speak to one woman, I speaking to many women.
Speaker 1: So I didn't want you guys to do this. And
Speaker 1: if you're listening, I'm going to give you an offer.
Speaker 1: If you guys organize or said you're talking about a
Speaker 1: guest speaker, I'll come.
Speaker 2: I will charge you. As long as as it's a
Speaker 2: women group, I'll come.
Speaker 1: I won't charge you.
Speaker 2: All right, fantastic, guys, Thank you so much for listen night.
Speaker 1: I appreciate you guys. I hope I'll see you guys
Speaker 1: here next week. We're gonna come again next week on
Speaker 1: Souday seven pm. What I've got time, what we again
Speaker 1: talking about on that issue till then I'll let you
Speaker 1: guys go. If you guys have the time to in
Speaker 1: again this night, we're gonna do Monday morning matters will
Speaker 1: be We're talking about a topical issue affected the economy.
Speaker 1: For the whole week, we try to do that on
Speaker 1: Monday mornings by seven am on your radio wire. Travling
Speaker 1: to work will give us an overview of what something
Speaker 1: youre another guys, thank you so much. Tomy, have a
Speaker 1: good one. I see you guys.
Speaker 2: You guys have a good one, take yourselves and we'll
Speaker 2: see bye.
Speaker 1: Thank you ver, thank you, You're welcome.