WEBVTT 1 00:00:04.879 --> 00:00:09.240 Hey, good evening everyone, and welcome to another Money Space 2 00:00:09.519 --> 00:00:13.599 with me calu Ajab for those who know, we're here 3 00:00:14.039 --> 00:00:20.359 every seven thirty west pm West talking time. Of course, 4 00:00:20.359 --> 00:00:25.280 we're talking money, the economy and personal finance. The aim 5 00:00:25.320 --> 00:00:29.280 of the show on X what you call the Money 6 00:00:29.280 --> 00:00:33.840 Space show, is to learn together about money. We want 7 00:00:33.840 --> 00:00:36.359 to be better in business, right, we want to understand 8 00:00:36.399 --> 00:00:38.880 how many works for us. And the only way we 9 00:00:38.920 --> 00:00:44.320 can just understand the interaction with money, the economy, politics, 10 00:00:44.359 --> 00:00:48.240 you know, what does it all mean? That's the idea. 11 00:00:48.399 --> 00:00:50.600 So when we come to the space, we're all learning together. 12 00:00:50.719 --> 00:00:53.240 We have lots of great guests that had come and 13 00:00:53.280 --> 00:00:55.320 they come and talk to us about topics. And then 14 00:00:55.359 --> 00:00:57.399 of course we can learn the shows that are recorded 15 00:00:57.960 --> 00:00:59.759 and you go back and you play it and you 16 00:01:00.119 --> 00:01:05.359 and that's the whole idea. Everyone. Really, it's a great 17 00:01:05.359 --> 00:01:07.640 space to be on Sunday because it prepares you for 18 00:01:07.680 --> 00:01:09.640 the next week. You learn something you might have known 19 00:01:09.680 --> 00:01:11.920 about and you can take for the next for the 20 00:01:11.920 --> 00:01:14.400 next week. All right, guys, I just want to review 21 00:01:14.519 --> 00:01:16.560 for this is going to be our last space right 22 00:01:16.760 --> 00:01:19.959 in twenty twenty four, and it's been a fantastic year 23 00:01:20.000 --> 00:01:22.400 for us, right, we all made it. That's the first 24 00:01:22.439 --> 00:01:23.799 thing we all made it. Were at the end of 25 00:01:23.799 --> 00:01:27.000 December a few with the new year. The new year 26 00:01:27.319 --> 00:01:30.719 is a financial event, which means the new year you 27 00:01:30.760 --> 00:01:33.840 get to reset your entire finances, you get to get 28 00:01:33.920 --> 00:01:36.719 news during your income. But even it's the same thing. 29 00:01:36.760 --> 00:01:39.200 You know you're going to start from January first, and 30 00:01:39.280 --> 00:01:43.519 whatever plans you have psychologically you are starting from January. 31 00:01:43.560 --> 00:01:46.200 It sort of gives you, you know, a boost, a 32 00:01:46.200 --> 00:01:48.920 new year resolution. You can start whatever I want to 33 00:01:48.959 --> 00:01:51.799 do January first, on tap a budget on the track 34 00:01:52.159 --> 00:01:54.799 from January, and it does not allow you to know 35 00:01:55.040 --> 00:02:00.359 to power through an entire year. So last night or yesterday, 36 00:02:00.359 --> 00:02:02.519 I was looking at my podcast because what we do 37 00:02:02.560 --> 00:02:05.599 when we when we have the spaces on Twitter, we 38 00:02:05.719 --> 00:02:08.479 saved them on the podcast. Oh it's there forever and 39 00:02:08.560 --> 00:02:10.479 I know the podcast is the way I see it. 40 00:02:10.639 --> 00:02:12.800 I think I've shared the links also my oh my, 41 00:02:13.120 --> 00:02:16.319 on my timeline, you can do that link there. We've 42 00:02:16.360 --> 00:02:21.159 done west about in November twenty twenty recording the podcast. 43 00:02:21.240 --> 00:02:24.680 Before then, weren't on the podcast. From November to sixteenth, 44 00:02:25.080 --> 00:02:28.159 twenty twenty, we've set to record the podcast. I counted 45 00:02:28.120 --> 00:02:31.520 about two hundred and forty five episodes that were recorded, 46 00:02:32.159 --> 00:02:36.039 sixty in twenty four alone. That's a lot. That's more 47 00:02:36.039 --> 00:02:39.960 than normal four a week because we're here every Sunday. 48 00:02:39.960 --> 00:02:42.560 But we've done more than that, So that's fantastic. And 49 00:02:42.599 --> 00:02:44.719 we've only done that because you can stop tuned in here. 50 00:02:45.080 --> 00:02:48.479 We can week out to listen. And I do appreciate it. 51 00:02:48.759 --> 00:02:51.159 Was I was looking at the top podcast. We've done, 52 00:02:51.159 --> 00:02:54.240 the very very top episode. We've done the number one 53 00:02:54.280 --> 00:02:57.960 episode does better? How to buy a house in teny 54 00:02:58.039 --> 00:03:00.879 six months as an imigrant? That was space we did 55 00:03:01.000 --> 00:03:03.120 in January or two grade too. I think we did 56 00:03:03.120 --> 00:03:06.360 it again, and especially I laid out how as an 57 00:03:06.360 --> 00:03:08.800 immigrant to travel to the West maybe in the UK, 58 00:03:08.919 --> 00:03:12.159 the US, Canada, the same principles work. How you can 59 00:03:12.159 --> 00:03:17.159 get the house in the six months. It's possible. It's 60 00:03:17.199 --> 00:03:20.879 twenty four expected, but it's definitely possib to six. It's 61 00:03:20.879 --> 00:03:24.199 not like motivational speech to give you the step by 62 00:03:24.240 --> 00:03:27.800 step how if you leave Nigeria today and you go 63 00:03:27.840 --> 00:03:31.919 to the West, Canada, the US. Okay, it's possible to 64 00:03:32.000 --> 00:03:34.960 buy a house in the six months. And why is 65 00:03:34.960 --> 00:03:38.159 it important? Because buying a house is a popular to 66 00:03:38.199 --> 00:03:40.759 middle class in America and you in the West. When 67 00:03:40.759 --> 00:03:43.240 you own a home, you own equity and that puts 68 00:03:43.240 --> 00:03:46.520 you into that with the economy that is structured. When 69 00:03:46.639 --> 00:03:49.960 you own a home, you have equity. You can then 70 00:03:50.159 --> 00:03:54.719 pass on generational wealth. The difference between the demographics in 71 00:03:54.759 --> 00:03:58.120 America if you look at the white Hispanics and the 72 00:03:58.120 --> 00:04:01.800 blasts home ownership US. Homeownership allows you to write a 73 00:04:01.919 --> 00:04:04.960 check on the appreciation of your home, that loves to 74 00:04:05.000 --> 00:04:07.680 send your kids to university. That gives you a low 75 00:04:07.800 --> 00:04:11.879 interest on business. I'll give you an emergency fund. Most 76 00:04:11.960 --> 00:04:15.520 blacks do not have a home, so they do not 77 00:04:15.759 --> 00:04:18.560 have that place they can run to get a low 78 00:04:18.759 --> 00:04:22.399 interest credit if they need credit. That's that's the main difference. 79 00:04:22.759 --> 00:04:24.879 There are all the things, they are all the things, 80 00:04:25.040 --> 00:04:27.519 but the inner ability to get a mortgage. That's why 81 00:04:27.600 --> 00:04:31.600 you had on the jim. You had the red line 82 00:04:32.240 --> 00:04:35.279 because the guys that were quote to racist understood that 83 00:04:35.279 --> 00:04:38.319 if you keep people a home, you're putting them on 84 00:04:38.360 --> 00:04:42.279 the path of self sofiictancy. So not having a home, 85 00:04:42.360 --> 00:04:45.319 not having been on that pathway, it's a big big 86 00:04:45.360 --> 00:04:47.199 when you can you get rich of at home yes, 87 00:04:47.720 --> 00:04:51.480 but the pathway is you're coming. You get a mortgage, 88 00:04:51.759 --> 00:04:53.959 or you g educated, you get a job, you get 89 00:04:53.959 --> 00:04:57.519 a mortgage, you're on the pathway. The equity is yours. 90 00:04:57.639 --> 00:04:59.839 That everything is there is you know, So getting a 91 00:05:00.000 --> 00:05:02.720 it is very very important for you as as an 92 00:05:02.720 --> 00:05:05.519 immigrant because you have to stay somewhere. Right, is that 93 00:05:05.560 --> 00:05:08.600 you pay rent or you pay a mortgage rather pay 94 00:05:08.600 --> 00:05:12.120 a mortgage on the home. You're still going to pay anyways, right, 95 00:05:12.480 --> 00:05:14.120 and the mortgage is going to be cheaper for you 96 00:05:14.560 --> 00:05:16.879 down at home. And that was the biggest episode. And 97 00:05:17.000 --> 00:05:18.600 of course I have a way to invest a billion. 98 00:05:18.680 --> 00:05:22.279 We had the Apple tell us how to invest, not 99 00:05:22.319 --> 00:05:24.879 really how to invest in? How to do aster location? 100 00:05:24.959 --> 00:05:27.480 If you have money, how can you invest? Where do 101 00:05:27.519 --> 00:05:30.120 you put it into? If you're this, if you're in Nigeria, 102 00:05:30.199 --> 00:05:32.360 if they give us Nigeria, give us the UK. And 103 00:05:32.480 --> 00:05:35.879 of course the guys from Clever was an app that 104 00:05:35.959 --> 00:05:39.000 allows you in niger to put a bank account abroad, right, 105 00:05:39.319 --> 00:05:41.560 so they we're also here. It was very nice people 106 00:05:41.560 --> 00:05:43.519 listening to them. And you can see the theme of 107 00:05:43.600 --> 00:05:48.680 this train of this tree highest grossing top downloads, how 108 00:05:48.720 --> 00:05:51.319 to buy a house, how to invest, how to on 109 00:05:51.360 --> 00:05:54.079 the bank. People want to do things. We want simple 110 00:05:54.560 --> 00:05:57.079 financial topics that they can listen to and I can 111 00:05:57.240 --> 00:06:00.160 understand and they can implement. So we're glad to be 112 00:06:00.199 --> 00:06:04.160 there right over the last model don't three episodes the 113 00:06:04.199 --> 00:06:07.959 first episode of Financial Health check who walked about your income, 114 00:06:08.480 --> 00:06:11.439 your expenses, and of course your budgets. Then the next 115 00:06:11.480 --> 00:06:14.800 week we then did assets and liabilities and assets application. 116 00:06:14.879 --> 00:06:16.680 We said, okay, we now know you want to do 117 00:06:16.720 --> 00:06:18.600 a budget, but if you have a budget, where do 118 00:06:18.639 --> 00:06:21.639 you invest? Right? That's what we then talked about where 119 00:06:21.680 --> 00:06:24.240 you can invest, how to build an ASSAT application if 120 00:06:24.279 --> 00:06:26.720 you're younger, and all that. So this week we sort 121 00:06:26.759 --> 00:06:29.480 of want to like close it out with a checklist 122 00:06:29.519 --> 00:06:31.720 for you for two and twenty four and again, guys, 123 00:06:31.720 --> 00:06:35.120 it's the last podcast of the year, so feel free 124 00:06:35.199 --> 00:06:37.160 to request to speak or leave a comment if you 125 00:06:37.160 --> 00:06:40.079 have a question as an outset of topic, will be 126 00:06:40.160 --> 00:06:43.399 glad to take them, So don't restrict yourself to just 127 00:06:43.399 --> 00:06:45.319 what's on the topic. If you want to speak, request 128 00:06:45.360 --> 00:06:47.560 to speak. I'll ask you on you and ask your question. 129 00:06:48.040 --> 00:06:50.319 It doesn't have to be what we're talking about all 130 00:06:50.360 --> 00:06:52.279 I just want to get across before I handle over 131 00:06:52.319 --> 00:06:55.519 the mighty folks. Is just this concept of having a checklist. 132 00:06:55.560 --> 00:06:58.959 There are many non financial things that killed you in 133 00:06:59.079 --> 00:07:01.399 twenty twenty four that you want to get done for 134 00:07:01.720 --> 00:07:03.439 twenty five. And I've shared if you got to my 135 00:07:03.480 --> 00:07:06.519 tut page, I've just shared a checklist from my book 136 00:07:06.759 --> 00:07:09.279 Let's talk about your Money. So page two fifty four 137 00:07:09.959 --> 00:07:14.560 the appendix, talk about your checklist. And if you don't 138 00:07:14.600 --> 00:07:17.279 have that checklist, it's right down on the Twitter page. 139 00:07:17.639 --> 00:07:20.639 Just go there and it's listed from number one all 140 00:07:20.759 --> 00:07:23.920 the way to number seventeen. And this is a thing 141 00:07:24.000 --> 00:07:25.920 that you want to do at least take them off 142 00:07:25.920 --> 00:07:27.759 on your checklist that you don't have what doing to 143 00:07:27.839 --> 00:07:30.360 be Four. If you'ven't done, then it's very very important 144 00:07:30.399 --> 00:07:34.160 to get themsel five. Number one track all you track 145 00:07:34.199 --> 00:07:37.199 all your expenses, write it down. I prefer this for 146 00:07:37.319 --> 00:07:39.720 tray month. This is what we talked about two weeks ago, 147 00:07:39.839 --> 00:07:42.920 right tracking your expenses so that you can then create 148 00:07:42.920 --> 00:07:46.839 that budget. So the abilities you track your expenses, you categorize, 149 00:07:47.040 --> 00:07:51.680 you're look dollars dollar or narrative your expanizations. That's a budget. 150 00:07:51.720 --> 00:07:55.040 That number one, so we say track your expenses. Number 151 00:07:55.040 --> 00:07:59.560 two track your income, especially passive income. And of course 152 00:07:59.560 --> 00:08:02.319 you number we set passive income. Because we set passive income, 153 00:08:02.600 --> 00:08:05.720 it's what makes you retire. You are only rich when 154 00:08:05.759 --> 00:08:08.519 you have passive income, not when you have active income. 155 00:08:08.839 --> 00:08:11.319 What I means is this, if you're a footballer and 156 00:08:11.360 --> 00:08:15.000 you get to pay them million dollars a week, you 157 00:08:15.040 --> 00:08:18.360 are not rich unless you convert that one million dollars 158 00:08:18.439 --> 00:08:22.720 salary into passive income. When if you take that salary 159 00:08:22.920 --> 00:08:25.560 you buy a house, a housepace your rent. Your rent 160 00:08:25.680 --> 00:08:28.680 is your real income, not the salary they're paying you. 161 00:08:28.959 --> 00:08:32.080 Same we keep in the bank your active income, that 162 00:08:32.120 --> 00:08:34.039 income you make from going to the bank. It's not 163 00:08:34.120 --> 00:08:37.519 your wealth. It's when you convert that active income, so 164 00:08:37.639 --> 00:08:39.919 passive income, it means income you make me not there 165 00:08:40.120 --> 00:08:43.360 as well. Number two track you all your income, especially 166 00:08:43.480 --> 00:08:46.159 passive income. No, the tree creates a shuttle of your 167 00:08:46.240 --> 00:08:50.200 assets and liabilities to cap with your networks. So income 168 00:08:50.399 --> 00:08:54.159 is different from network. Like I said income. Then you 169 00:08:54.200 --> 00:08:57.159 buy an asset, the asset goes to your by a sheet. 170 00:08:57.519 --> 00:09:01.320 It's the difference between your assets and liabilities that is 171 00:09:01.399 --> 00:09:04.799 your networks. So if you earn money, you're not rich. 172 00:09:05.039 --> 00:09:08.399 It's only when you convert that money to an asset 173 00:09:08.440 --> 00:09:11.399 that stream of income, your salary whatever it is, to 174 00:09:11.480 --> 00:09:14.960 an asset that pays you income. That's when your network 175 00:09:15.000 --> 00:09:17.960 can go up. Right, which are also before track your 176 00:09:18.039 --> 00:09:22.399 discretionary and your non discretion expenses. The trick is this, 177 00:09:22.879 --> 00:09:26.159 you want your passive income as you are working to 178 00:09:26.320 --> 00:09:30.480 cover your non discretionary expenses because that's when you can retire. 179 00:09:30.799 --> 00:09:34.720 Retire is an event, it's not an aid. Retirement means 180 00:09:34.759 --> 00:09:39.960 when your passive income can cover your non discretionary income 181 00:09:40.320 --> 00:09:43.519 we're having there. Number six, create a fund to cover 182 00:09:43.639 --> 00:09:47.799 your three to six months of your non discretionary expensive 183 00:09:47.840 --> 00:09:51.399 dision emergency fund, so before you invest, before you start 184 00:09:51.440 --> 00:09:56.000 to invest, create your emergency fund first. Why you don't 185 00:09:56.000 --> 00:09:58.559 want to invest and how to sell your assets to 186 00:09:58.600 --> 00:10:02.039 pay an expect your gross knock when you gets sick, 187 00:10:02.200 --> 00:10:05.879 So you do majisty fund first. Then of course you 188 00:10:05.919 --> 00:10:08.759 do your budget right. You will be your balance sheet 189 00:10:09.320 --> 00:10:12.120 by this number eight. If you're balance sheet, you want 190 00:10:12.159 --> 00:10:16.879 to identify high interest debt and have target to pay 191 00:10:16.919 --> 00:10:19.679 them off. So when you attract your income, you track 192 00:10:19.759 --> 00:10:22.440 your experiences, you do your balance sheet. You want to 193 00:10:22.480 --> 00:10:25.000 look at your balante and say, what are the high 194 00:10:25.080 --> 00:10:27.960 interest debt there? I want to pay them off into 195 00:10:28.000 --> 00:10:30.600 twenty five that because the targets are going to extract 196 00:10:30.840 --> 00:10:35.720 from your balance sheet. Right. Number have talked about investing. 197 00:10:36.080 --> 00:10:39.440 We've said number one and Majesty fund. Number two. You 198 00:10:39.480 --> 00:10:41.519 want to pay off your high interest that we haven't 199 00:10:41.519 --> 00:10:44.679 talked about the investments. Number three, you want to buy 200 00:10:45.039 --> 00:10:48.279 life insurance. If you have dependents, you're going to do 201 00:10:48.399 --> 00:10:53.759 all this before you invest Number one, Right, you want 202 00:10:53.799 --> 00:10:56.519 to have the Milissy fund. Number two. You're not paying 203 00:10:56.720 --> 00:11:00.639 high interest debts, high interest deb not all debt high interested. 204 00:11:00.720 --> 00:11:05.240 That is very expensive, very short off. Right. Number three, 205 00:11:05.399 --> 00:11:07.720 you want to buy life insurance, which means if you 206 00:11:07.759 --> 00:11:10.759 are if you have a family, guy, you have a family, 207 00:11:10.799 --> 00:11:13.879 you have dependence, you want to buy insurance. There is 208 00:11:13.960 --> 00:11:17.279 nothing like life insurance. You can ensure your life. What 209 00:11:17.440 --> 00:11:21.600 you are ensuring is the loss of revenue should you 210 00:11:21.639 --> 00:11:23.720 not long be there. So if you're not only are there. 211 00:11:23.759 --> 00:11:26.360 Who pays for the school fees, who pays for the mortgage, 212 00:11:26.399 --> 00:11:28.519 who pays for the day to day living. That's what 213 00:11:28.720 --> 00:11:30.840 you are buying. So if you end a million, you 214 00:11:30.840 --> 00:11:33.440 can say, I want to buy five times my annual income. 215 00:11:33.600 --> 00:11:35.360 I want to buy Lifa durants for five years with 216 00:11:35.440 --> 00:11:38.399 me that whatever happens to you, your family is away 217 00:11:38.519 --> 00:11:41.399 for five years, So you buy life insurance if you 218 00:11:41.519 --> 00:11:44.679 have dependent. If you don't have dependence, you don't need it, 219 00:11:45.399 --> 00:11:47.879 so you don't life insurance. If you don't have dependence. 220 00:11:48.000 --> 00:11:50.000 Right number four, what else you do? You have to 221 00:11:50.039 --> 00:11:52.679 sign up for your employee pension plan, so if you 222 00:11:52.720 --> 00:11:56.080 have an arrest in Nigeria, make sure you are contributing. 223 00:11:56.279 --> 00:11:58.600 You don't see the economics bad. No, you want to 224 00:11:58.679 --> 00:12:02.039 keep on compounding in your retirement service account. If you're 225 00:12:02.039 --> 00:12:04.879 in the US. Very important. You want to make sure 226 00:12:04.919 --> 00:12:07.080 that when you what do your penis your team so 227 00:12:07.200 --> 00:12:10.320 that when you go for a company, they will tell 228 00:12:10.399 --> 00:12:13.159 you if you pay your dollar or will match you. 229 00:12:13.159 --> 00:12:15.279 You want to find out from your HR what that 230 00:12:15.480 --> 00:12:18.320 match is and you want to make sure you are 231 00:12:18.720 --> 00:12:22.120 contributing the minimum to that match. So whatever if your 232 00:12:22.120 --> 00:12:25.039 company is matching five percent, you want to make sure 233 00:12:25.080 --> 00:12:27.919 you are country in at least five percent. You don't 234 00:12:27.919 --> 00:12:30.679 have to do six, but make sure you are doing 235 00:12:30.720 --> 00:12:33.159 the match because it's more at the table. The company 236 00:12:33.200 --> 00:12:35.440 is saying if you put a dollar. We're going to 237 00:12:35.519 --> 00:12:38.879 give you fifty cents. Make sure you do that dollar 238 00:12:39.120 --> 00:12:43.039 to get the current mooding match. We haven't talked about 239 00:12:43.120 --> 00:12:47.120 investing number one. You might just see fund number two, 240 00:12:47.519 --> 00:12:51.679 pulp your debt number three by life insurance number four. 241 00:12:51.879 --> 00:12:54.799 We are saying to do your retirement plans. They want 242 00:12:54.840 --> 00:12:56.879 to check this guys on on Twitter bait, do your 243 00:12:56.919 --> 00:13:01.679 retirement plan. After you have done all all this, that's 244 00:13:01.720 --> 00:13:04.480 the only time you can then go in and say 245 00:13:04.519 --> 00:13:08.159 you want to invest where saying open up an investment account. 246 00:13:08.519 --> 00:13:10.919 If you don't know what to do, try and do 247 00:13:11.159 --> 00:13:14.039 an index fund. You know, index one means you're buying 248 00:13:14.159 --> 00:13:17.480 top down, you're buying the whole exchange. Right, you buy that, 249 00:13:18.399 --> 00:13:20.960 you understand the market, then you take it from there. Right, 250 00:13:21.120 --> 00:13:23.200 you buy an index phone. Then you can then go 251 00:13:23.360 --> 00:13:25.559 to a sector phone. They can then go to the 252 00:13:25.679 --> 00:13:28.360 individual phone. Right, because you don't know what you're doing, right, 253 00:13:28.600 --> 00:13:30.840 and you don't want to just buy someone that you 254 00:13:30.879 --> 00:13:32.240 think it's going to go up and I force if 255 00:13:32.279 --> 00:13:35.600 you want to diversify your risks across the board right 256 00:13:35.679 --> 00:13:37.279 top down, So you're going to say on to buy 257 00:13:37.360 --> 00:13:40.080 Nigeria or on the buy us and then from the 258 00:13:40.159 --> 00:13:42.639 US you're going on to buy text sector or by 259 00:13:42.679 --> 00:13:45.120 the banking sector. Then you walk your way down right, 260 00:13:45.360 --> 00:13:48.679 and then we say no bout thirteen your automatic cost 261 00:13:48.720 --> 00:13:52.600 black cost average. We miss from being consistent. Investing's about 262 00:13:52.679 --> 00:13:55.919 being consistent. You don't investigate and stop even if it's 263 00:13:55.960 --> 00:13:59.320 ten error. Be consistent right, And it's only when you 264 00:13:59.360 --> 00:14:02.240 have done all this you're cann talk about having a 265 00:14:02.320 --> 00:14:05.840 mortgage right or no, a charity or you know, or 266 00:14:05.840 --> 00:14:08.080 getting a credit card to build your credits. So it's 267 00:14:08.120 --> 00:14:10.759 all detailed out there in the appendix street so you 268 00:14:10.799 --> 00:14:13.840 have taken so long as now the floyd is always open. 269 00:14:14.240 --> 00:14:16.639 If you guys request to speak ACTID they've dropped off, 270 00:14:16.799 --> 00:14:19.919 so requests to speak now if you want. But it's 271 00:14:19.960 --> 00:14:23.039 just one to talk to you guys about. Don't forget 272 00:14:23.080 --> 00:14:26.440 to sort out your estate account right? Your estate part 273 00:14:26.480 --> 00:14:29.159 of your financial plan? Do you have it next of king? 274 00:14:29.240 --> 00:14:31.679 Is it listed in your organization? Do you have it there? 275 00:14:32.240 --> 00:14:33.799 Do you have a bank account? Do you have a 276 00:14:33.840 --> 00:14:37.200 beneficiary on that bank account? Very very important. All those 277 00:14:37.360 --> 00:14:39.360 nothings that you might take for granted or not put 278 00:14:39.399 --> 00:14:42.200 a lot of emphasis on, is actually where you want 279 00:14:42.200 --> 00:14:45.000 to put some you know some do some housekeeping on. 280 00:14:45.360 --> 00:14:47.840 There's no point not having lots of money. I'm not 281 00:14:47.879 --> 00:14:50.480 having a shadow of where your assets are. You want 282 00:14:50.480 --> 00:14:52.799 to have this ship where all your assets are, so 283 00:14:52.840 --> 00:14:54.679 you can know where they are and then you can 284 00:14:55.200 --> 00:14:59.039 off like manage them and if you want, also distribute them. 285 00:14:59.240 --> 00:15:02.200 So very important, guys, the point of making so let 286 00:15:02.240 --> 00:15:04.720 me just go straight to DM. Sorry about that, So 287 00:15:05.240 --> 00:15:08.080 we have first real question is here? Please go over 288 00:15:08.200 --> 00:15:14.120 the investment in the pain of my debt. I do this, yes, 289 00:15:14.440 --> 00:15:17.879 so please start asking. This is from Obaka. He's asking 290 00:15:18.039 --> 00:15:20.039 if you should Why should you pay off your debt 291 00:15:20.120 --> 00:15:22.840 before you invest? Well, because look at it this way. 292 00:15:23.200 --> 00:15:27.519 If you are paying a debt or fifteen percent and 293 00:15:27.559 --> 00:15:30.399 you invest on you make fifteen percent, it's not the 294 00:15:30.399 --> 00:15:33.399 same thing. When you pay off that debt, you're making 295 00:15:33.399 --> 00:15:36.440 one hundred percent return. If you are owing so on 296 00:15:36.840 --> 00:15:38.840 and you paid the percent off, God you made one 297 00:15:38.960 --> 00:15:41.919 hundred percent. Y why because you now have all that 298 00:15:42.080 --> 00:15:45.799 money available to invest somewhere else. So if you are paying, 299 00:15:45.960 --> 00:15:48.159 if you are investing in the property sometimes giving you 300 00:15:48.200 --> 00:15:50.559 ten percent, and you are owning, so one ten percent 301 00:15:50.559 --> 00:15:53.320 doesn't make any sense. The best investment can take to 302 00:15:53.360 --> 00:15:56.240 take that ten percent and pay of the debt so 303 00:15:56.279 --> 00:15:59.279 you don't have any debt. It helps your networth, It 304 00:15:59.320 --> 00:16:03.240 makes you reach because you're using your debt forever and 305 00:16:03.279 --> 00:16:05.840 you're leasing cash note back to you. So you want 306 00:16:05.840 --> 00:16:08.399 to do that because that gives you a higher return 307 00:16:08.879 --> 00:16:11.919 than actually going to invest money. That makes sense, I work. 308 00:16:12.159 --> 00:16:15.399 You want to invest first of all in what gives 309 00:16:15.440 --> 00:16:18.519 you a higher of return, and pain down your debt 310 00:16:18.600 --> 00:16:22.360 gives you a higher rate of return. Yes. Also, let 311 00:16:22.759 --> 00:16:27.279 us questioning here about emergency fund. Your emergency phone is 312 00:16:27.480 --> 00:16:33.360 three to six months of your non discretionary expenses, which 313 00:16:33.399 --> 00:16:36.519 means when you list out your expenses, you want to 314 00:16:36.559 --> 00:16:41.080 ask yourself which expense is the most important expense? Which 315 00:16:41.120 --> 00:16:44.159 expense do I need to do? Like I have to eat, 316 00:16:44.399 --> 00:16:47.399 I have to buy gas? You list those expenses out. 317 00:16:47.639 --> 00:16:50.120 When you list them out, you want to save at 318 00:16:50.279 --> 00:16:53.399 least three to six months of those expenses, not all 319 00:16:53.440 --> 00:16:57.720 your expenses of the emergency fund expenses. Right, and it's 320 00:16:57.720 --> 00:17:00.840 whatever are you list as amgencive pon an emergency fund? 321 00:17:00.919 --> 00:17:01.159 Now? 322 00:17:02.399 --> 00:17:06.839 What will happen is this if you you don't have 323 00:17:06.880 --> 00:17:09.240 to have to hold three months immediately, because you want 324 00:17:09.279 --> 00:17:10.799 to have at least a phone where it can start 325 00:17:10.839 --> 00:17:14.279 to contribute to do all that three months. And what 326 00:17:14.359 --> 00:17:15.920 you also want to do is you want to keep 327 00:17:15.960 --> 00:17:21.599 that phone in cash or near cash asset. So you 328 00:17:21.599 --> 00:17:24.519 don't want to keep your megency phone in stocks or property. 329 00:17:24.559 --> 00:17:28.400 It has to be in cash or on cash. Yes, Unfortunately, 330 00:17:28.440 --> 00:17:30.960 you have to ignore inflation. Don't keep it in cash, 331 00:17:31.000 --> 00:17:34.039 because that's why it's an emergency. It doesn't have to 332 00:17:34.039 --> 00:17:36.160 be in the bank, but it's got to be in 333 00:17:36.200 --> 00:17:38.920 cash or near cash. That's the point. It's got to 334 00:17:38.960 --> 00:17:42.319 be cash or near cash. So great question there on 335 00:17:42.720 --> 00:17:46.319 emergency phone at, the podcast available, Yes, if you go 336 00:17:46.440 --> 00:17:49.359 to the DM, if you go to the what's called 337 00:17:49.400 --> 00:17:52.200 if you go to the tl my what's it called? 338 00:17:52.200 --> 00:17:55.519 On Twitter? You said the podcasts, it's called Let's Talk 339 00:17:55.519 --> 00:17:58.240 about Your Money. It's right there. So you can get 340 00:17:58.400 --> 00:18:02.039 all the episodes on spreak at. The podcast is recauded 341 00:18:02.079 --> 00:18:05.720 on spreaker. You can find a podcast on Apple, Google, 342 00:18:05.839 --> 00:18:10.119 on anywhere literally you have podcasts. You can find our podcast. 343 00:18:10.240 --> 00:18:13.160 Lots of great topics there. So yes, it's on my DM, 344 00:18:13.200 --> 00:18:16.920 it's on Twitter. It's also on Spotify, Apple podcasts and 345 00:18:17.000 --> 00:18:20.519 all that. So anyway you have podcasts, yes, you can 346 00:18:20.559 --> 00:18:23.160 find the podcast now. Having a lot of guys requested 347 00:18:23.279 --> 00:18:30.160 to speak one of what are you guys? Okay? Perfect? Okay, yeah, 348 00:18:30.240 --> 00:18:32.480 I hear you. Yeah, So you can record to speak, guys. 349 00:18:32.480 --> 00:18:33.920 I'm just going through dms and most of them are 350 00:18:33.920 --> 00:18:36.319 repeating themselves. But I prefer to do the live. So 351 00:18:36.400 --> 00:18:37.880 if you want to speak, just hit me up on 352 00:18:37.920 --> 00:18:42.440 that guy. Let me read this one. Last week we 353 00:18:42.559 --> 00:18:44.240 talked abut let me see it. Last week we talked 354 00:18:44.240 --> 00:18:48.880 about investing in shares. Also, okay, so last week we 355 00:18:48.960 --> 00:18:51.680 talked about investing in shares and you and you were 356 00:18:51.759 --> 00:18:56.279 talking about ETFs, so okay, okay here, so last week 357 00:18:56.279 --> 00:19:01.440 we talked about ETFs. That's exchange traded for So exchange 358 00:19:01.720 --> 00:19:05.680 phones are not different from the index. Exchange funds can 359 00:19:05.880 --> 00:19:08.400 invest in the index, so for restarts, if you do 360 00:19:08.400 --> 00:19:11.200 not invest in Nigeria or the US, you can buy 361 00:19:11.319 --> 00:19:15.200 an e t F that invests in the index of 362 00:19:15.319 --> 00:19:18.480 those shares. That's what I mean by that. Sydney, how 363 00:19:18.519 --> 00:19:20.960 are you doing your first guest today, Sydney? Casey, what's 364 00:19:21.039 --> 00:19:21.799 in my Sydney? 365 00:19:21.880 --> 00:19:22.000 Hit? 366 00:19:25.559 --> 00:19:31.079 Hello? Everyone? Happy Sunday. 367 00:19:31.640 --> 00:19:34.680 Okay, So I've been trying to take. 368 00:19:34.519 --> 00:19:41.079 My personal invests like investments most series I we need 369 00:19:41.119 --> 00:19:45.720 to ask on like additional mode. So that's one thing 370 00:19:46.599 --> 00:19:50.759 I'm trying to play out at least by by the 371 00:19:50.759 --> 00:19:54.559 middle of changes five, I'm planning to that's also out. 372 00:19:55.480 --> 00:19:59.200 So I had a a A question is based on 373 00:20:00.039 --> 00:20:06.880 after sorting out your interest news, really start investing and 374 00:20:07.759 --> 00:20:10.920 then just say you have a little bit of knowledge 375 00:20:11.200 --> 00:20:16.079 on the global financial markets. You have your full time globe. 376 00:20:17.640 --> 00:20:21.839 And I've heard from like different financial experts that you 377 00:20:21.920 --> 00:20:25.599 cannot like invest you you cannot like three differentancial markets 378 00:20:25.599 --> 00:20:29.640 as as good as you do. What is your take 379 00:20:29.720 --> 00:20:36.519 on like some food like professional and another professional be treating. 380 00:20:36.799 --> 00:20:40.799 Like on the side, Like what what's you take on that? Yeah, 381 00:20:40.839 --> 00:20:42.480 so look at it this way. Let me give you 382 00:20:42.519 --> 00:20:45.200 a start that will surprise you. Right if you pull 383 00:20:45.319 --> 00:20:48.200 up every year they pull up a start and not 384 00:20:48.400 --> 00:20:53.319 more than almost eighty percent of firms do not beat 385 00:20:53.359 --> 00:20:59.119 the market. What that means is that if you look 386 00:20:59.160 --> 00:21:03.240 at all those guys trade on the stock market, stockbroker 387 00:21:03.319 --> 00:21:06.480 that are taking your money on trade, almost eighty percent 388 00:21:06.519 --> 00:21:09.720 of them do not do better than the index. So 389 00:21:09.759 --> 00:21:12.119 if you simply buy the index, index means that there's 390 00:21:12.240 --> 00:21:15.319 there's an index that tracks all the funds in that exchange. 391 00:21:15.519 --> 00:21:17.960 For instance, you see S and P five hundred that's 392 00:21:18.000 --> 00:21:21.480 tracks five hundred stocks in the US market. You see 393 00:21:21.680 --> 00:21:25.960 NNGX that's n and All Share Index Nigeria that is 394 00:21:26.279 --> 00:21:30.200 all the shares in Nigeria. That index has the return 395 00:21:30.599 --> 00:21:33.319 in Nigeria, the index is like tenty six percent. So 396 00:21:33.359 --> 00:21:34.680 what they're saying that if you give you money to 397 00:21:34.720 --> 00:21:37.920 a stockbroker, it might not even be that six percent. 398 00:21:38.279 --> 00:21:40.640 So what's the point. If you're not going to be 399 00:21:40.960 --> 00:21:43.960 trading actually and you don't know what to do, it 400 00:21:44.039 --> 00:21:46.240 might make more sense for you to simply buy the 401 00:21:46.319 --> 00:21:50.240 index that Nigeria has an all share index thirty. They 402 00:21:50.240 --> 00:21:54.319 have pen coom In's called pen coom index that have 403 00:21:54.359 --> 00:21:59.119 a bank index are like indexes that are tracking particular stocks. 404 00:21:59.279 --> 00:22:01.920 So if you just buy what those that indexes buying 405 00:22:02.000 --> 00:22:05.279 and just forget about the security for an entire entire month, 406 00:22:05.640 --> 00:22:08.519 we make as much as the index. So I would say, 407 00:22:08.519 --> 00:22:10.680 if you don't know what you're doing, try to do 408 00:22:10.799 --> 00:22:15.079 index funds. They are cheaper to buy, they are more 409 00:22:15.119 --> 00:22:18.200 than specified and you're putting your quote and quote faith 410 00:22:18.759 --> 00:22:22.279 on the entire market. You're buying the market. I don't 411 00:22:22.319 --> 00:22:25.440 like day trading because you are trying to trade against 412 00:22:25.519 --> 00:22:28.480 people that are more experienced than you. When you are 413 00:22:28.559 --> 00:22:31.359 day trading, you're doing what's called scalping. You are buying 414 00:22:31.440 --> 00:22:34.839 one sell at one point one and make one goble. 415 00:22:35.160 --> 00:22:37.960 You only make a lot of money with day trading 416 00:22:38.039 --> 00:22:41.039 if you have a lot of capital, because when you 417 00:22:41.119 --> 00:22:44.559 make ten goble spread, but you're both in million shares, 418 00:22:44.640 --> 00:22:47.720 it makes sense if you have a million Nira, what 419 00:22:47.799 --> 00:22:50.200 are you day trading? If you're converting in Millionario two dollars, 420 00:22:50.279 --> 00:22:53.400 it's like five hundred dollars. You can day trading. That 421 00:22:53.559 --> 00:22:56.880 is too small. If you make one hundred percent from 422 00:22:57.119 --> 00:23:00.079 five hundred dollars, what is that? That's a thousand You 423 00:23:00.200 --> 00:23:01.920 get the points and making. But if I trade a 424 00:23:02.039 --> 00:23:05.559 billion dollars and I make points, zeros us lou one 425 00:23:05.680 --> 00:23:08.839 of that, do you know what I mean? So I 426 00:23:08.880 --> 00:23:11.720 would prefer that if it's based on your objectives, based 427 00:23:11.759 --> 00:23:14.039 on your age, if you know, if you're not sure 428 00:23:14.079 --> 00:23:16.480 what to do, just go buy index phone. If you're 429 00:23:16.480 --> 00:23:19.480 in the US, if you're Nigeria. Go to your broker. Listen, 430 00:23:19.920 --> 00:23:22.200 buy me the injects index or buy me the banking 431 00:23:22.240 --> 00:23:25.599 index or buying so it's it's cheaper for you. Then 432 00:23:25.640 --> 00:23:28.039 you learn more about the market before you then go 433 00:23:28.039 --> 00:23:35.200 into individual stocks. Does that make sense to you? Yes? Yeah, 434 00:23:35.240 --> 00:23:37.839 so that's what I'll suggests for you. Right, try to 435 00:23:38.000 --> 00:23:40.519 do the index side first before you go into the 436 00:23:40.559 --> 00:23:43.319 individual stocks. I don't think you should day trade. It's 437 00:23:43.400 --> 00:23:46.359 to takes your time, it takes capital and you can 438 00:23:46.480 --> 00:23:47.200 lose everything. 439 00:23:47.359 --> 00:23:53.599 Yeah, okay, perfect, Great, Let me get more more fe 440 00:23:53.640 --> 00:23:54.759 I don't spoiler than a rock. 441 00:23:55.519 --> 00:24:02.759 It's thin. It's thin. Fullum, sorry about that. People dragging right? 442 00:24:02.960 --> 00:24:12.759 More feeling follower, more feeling follower more? Are you there? 443 00:24:13.880 --> 00:24:14.119 Yes? 444 00:24:14.960 --> 00:24:15.480 How are you doing? 445 00:24:16.440 --> 00:24:16.640 Yeah? 446 00:24:16.720 --> 00:24:17.039 Fine? 447 00:24:17.240 --> 00:24:21.839 You you've got the personally, I apologize, yes, okay, great. 448 00:24:22.599 --> 00:24:24.440 Yeah, so I'm just I'm just turning. 449 00:24:25.799 --> 00:24:26.200 So far. 450 00:24:26.359 --> 00:24:29.960 I would say, very nice information, but I did not. 451 00:24:30.119 --> 00:24:33.160 Get the part you mentioned of the party mentioned about 452 00:24:33.559 --> 00:24:40.680 the podcast one can listen to I. I have a 453 00:24:40.720 --> 00:24:44.519 lot of little cash. When I say looking Cass, I'm 454 00:24:44.519 --> 00:24:46.279 saying what's in both. 455 00:24:46.119 --> 00:24:50.559 My and invest and I'm looking for this is to invest, 456 00:24:50.640 --> 00:24:51.160 So I'm. 457 00:24:50.960 --> 00:24:56.279 Not just talkers having my money, just staying I do 458 00:24:56.359 --> 00:24:58.119 and know that, but I need to understand I. 459 00:24:58.039 --> 00:24:59.880 Don't just want to invest my investments. 460 00:25:00.039 --> 00:25:02.759 I don't just, for example, to say, okay, put your money. 461 00:25:02.559 --> 00:25:05.599 Here, I will like before and now it works out 462 00:25:05.640 --> 00:25:07.720 to my world's exponent. 463 00:25:08.559 --> 00:25:14.279 Okay, let's let's use you. Let's use you as an example. Right. 464 00:25:14.319 --> 00:25:17.400 So again, just just I'm not giving you financial advice. 465 00:25:17.400 --> 00:25:19.359 I'm trying to just pointing right eation, right. So everything 466 00:25:19.359 --> 00:25:22.279 I'm doing here is educational. I'm not giving you financial advice. 467 00:25:22.279 --> 00:25:24.640 I'm not your financial advice a right. But the very 468 00:25:24.720 --> 00:25:27.279 very first thing you should ask yourself is what is 469 00:25:27.319 --> 00:25:29.640 my plan? Why am I investing? That's a very very 470 00:25:29.680 --> 00:25:33.440 key question because once you answer that question, it determines 471 00:25:33.519 --> 00:25:36.000 ways to invest. So if you say why am I investing? 472 00:25:36.319 --> 00:25:39.640 Am I investing for retirement? That's the statement that I 473 00:25:39.759 --> 00:25:43.039 convert to me in long term. If you say, I'm 474 00:25:43.039 --> 00:25:45.799 investing because I have this money, but I'm need it 475 00:25:45.839 --> 00:25:48.880 in two years for my project in my head, my 476 00:25:49.000 --> 00:25:52.960 financial head, I here two three years. So why you 477 00:25:53.000 --> 00:25:55.960 are investing is very very key to me. So I'm 478 00:25:56.000 --> 00:25:57.799 not sure if you can share it or if I 479 00:25:57.839 --> 00:25:59.400 should just talk and you can take it down and 480 00:25:59.440 --> 00:26:02.160 then operate what you had your conversation. Do you want 481 00:26:02.160 --> 00:26:05.839 to share or just go ahead and you and I continue? 482 00:26:05.839 --> 00:26:06.480 What do you want to do? 483 00:26:07.359 --> 00:26:07.599 So? 484 00:26:07.599 --> 00:26:12.200 So I'm looking at medium and long term? 485 00:26:12.480 --> 00:26:18.000 Yeah? What what this medium ten for you? Five millium? Yeah? Medium? 486 00:26:18.079 --> 00:26:21.039 Medium is two three years years? Okay? 487 00:26:21.720 --> 00:26:23.720 Yes, do you want to look in a long term? 488 00:26:23.799 --> 00:26:24.920 But I'm looking for. 489 00:26:25.000 --> 00:26:26.880 Whatever I have right now to multiply. 490 00:26:29.680 --> 00:26:32.200 Okay. So you want you want to risk your principle, 491 00:26:32.359 --> 00:26:36.200 you want to do principal appreciation. I would I would 492 00:26:36.240 --> 00:26:39.960 not say no, I'm going I'm going to risk. I'm 493 00:26:40.000 --> 00:26:42.039 going to risk. We're just talking about your objectives now. 494 00:26:42.079 --> 00:26:44.480 So you want to You're saying you want to invest 495 00:26:44.519 --> 00:26:47.920 for two three years. You want to risk the principle. 496 00:26:48.039 --> 00:26:51.960 You want to multiply that principle, right, right? Do you 497 00:26:52.000 --> 00:26:57.039 need liquidity to during this time? Not so much? Not 498 00:26:57.119 --> 00:26:59.880 so much. I prepared to wait for two three years 499 00:27:00.079 --> 00:27:02.400 if that that investment can grow. But you don't need 500 00:27:02.480 --> 00:27:05.519 liquid it. Okay, let's talk about your risk profile. It 501 00:27:05.640 --> 00:27:09.119 tomorrow the market fall by one hundred percent, are you okay? 502 00:27:09.160 --> 00:27:11.640 We live in it? There because you have a three 503 00:27:11.720 --> 00:27:14.799 year more ultimatum on my sorry timeline, or you don't 504 00:27:14.839 --> 00:27:18.279 take everything out what you're taking on this, I'm taking it. 505 00:27:18.880 --> 00:27:22.440 I'm sorry to have Okay. So it's the problem. It 506 00:27:22.519 --> 00:27:25.079 is the problem. When you are risk address, you can't 507 00:27:25.200 --> 00:27:26.079 risk your principle. 508 00:27:27.680 --> 00:27:28.039 You see. 509 00:27:28.160 --> 00:27:30.960 So if you want if I hear two three years, 510 00:27:30.960 --> 00:27:33.880 I'm yet shot ten. I'm not hearing stock markets at all. 511 00:27:34.440 --> 00:27:37.480 The stock markets are for investors that want to put 512 00:27:37.519 --> 00:27:42.640 their money minimum four, five and longer. Why because it's compounds. 513 00:27:42.680 --> 00:27:46.599 If you invest in say Tesla, look at Tesla before 514 00:27:46.640 --> 00:27:51.039 the elections, Tesla was how was worth one Sunday regip 515 00:27:52.039 --> 00:27:55.079 after the elections is about four hundred dollars. So in 516 00:27:55.160 --> 00:27:58.079 this short space is gone up. It's gone down. So 517 00:27:58.160 --> 00:28:00.920 for someone like you that wants your more principal intact, 518 00:28:01.079 --> 00:28:03.559 imagine if you had bought maybe Testla or the op 519 00:28:03.559 --> 00:28:08.960 positive Testla. Imagine you had bought Moderna, but those COVID 520 00:28:09.039 --> 00:28:12.599 injections they were up there. Down in two years time 521 00:28:12.640 --> 00:28:15.359 you want your money back, it's no longer because it's 522 00:28:15.400 --> 00:28:18.119 gone down. So stocks are not for you for a 523 00:28:18.160 --> 00:28:20.599 two year investor. Also, you said you want to grow 524 00:28:20.640 --> 00:28:23.119 your capital, but you don't want take a lot of risk, 525 00:28:23.200 --> 00:28:27.359 so that the two goals that not do not mayage. 526 00:28:27.400 --> 00:28:29.799 You understand, it's got to That's why I ask your objective. 527 00:28:29.880 --> 00:28:32.119 So your main objective bis on what I'm here, and 528 00:28:32.240 --> 00:28:35.440 you say is more or less a short term investments, right, 529 00:28:35.920 --> 00:28:40.279 fixed income where your capital is preserved. But to give 530 00:28:40.319 --> 00:28:44.559 you in biggers you say in more why that happened 531 00:28:44.640 --> 00:28:47.519 to make larger or return on your principle? So it's 532 00:28:47.559 --> 00:28:54.200 no longer ruler. Principle is making a return on your principle? Right, Okay, 533 00:28:54.319 --> 00:28:56.319 let's do so. Now do you want to invest in 534 00:28:56.400 --> 00:28:58.519 Nigeria or dorte to invest abroad? 535 00:28:59.400 --> 00:29:02.240 What do you think you mean investing. 536 00:29:01.920 --> 00:29:03.440 Now in Iraq? Correct? 537 00:29:04.319 --> 00:29:04.920 That's not. 538 00:29:06.880 --> 00:29:10.799 Said. Okay, So if you're gonna do us the investment 539 00:29:10.920 --> 00:29:13.200 and you want a high rates of return, what you're 540 00:29:13.240 --> 00:29:16.680 looking for are going to be certificates of deposits you're 541 00:29:16.759 --> 00:29:20.480 you're looking for those guys. Now, if you do city 542 00:29:20.519 --> 00:29:23.799 in America, you're going to be getting anywhere from four percent, 543 00:29:24.200 --> 00:29:27.079 So I tried from about three percent to about five percent. 544 00:29:27.960 --> 00:29:29.519 Three about five percent if you can talk to your 545 00:29:29.559 --> 00:29:31.799 bank and your broker, three to five percent, if you 546 00:29:31.920 --> 00:29:35.480 want more. You can't tell your broker you don't want 547 00:29:35.720 --> 00:29:40.240 fd ICY protection. What it means. It's not guaranteed, but 548 00:29:40.359 --> 00:29:44.480 it expluses yes. Now can you live with a non FDIC. 549 00:29:44.680 --> 00:29:46.960 You can say, well, this bank will not crash. It's 550 00:29:47.000 --> 00:29:50.759 in America. There's an implicit guarantee. You can see that, right, 551 00:29:51.240 --> 00:29:52.960 But you don't have the fd I guess is two 552 00:29:53.480 --> 00:29:56.400 thousand and below. So if you know, if you tell, 553 00:29:56.480 --> 00:29:58.759 if you tell a broker, listen, you can give me 554 00:29:58.759 --> 00:30:00.960 a city without fd I s. That means you can 555 00:30:01.039 --> 00:30:04.079 get I will pay you five percent for now. Remember 556 00:30:04.240 --> 00:30:06.960 this week today is artificial because the high invision in 557 00:30:06.960 --> 00:30:09.519 America is going to calm down. So for also like you, 558 00:30:09.599 --> 00:30:11.240 that's what I'll ask you to look at. I won't 559 00:30:11.240 --> 00:30:13.279 actually look at bonds because you're looking at a short 560 00:30:13.359 --> 00:30:16.200 term two three years. That's a CD. I would go 561 00:30:16.319 --> 00:30:18.599 to a CD or a money market for your kid 562 00:30:18.680 --> 00:30:20.160 is going to be a money market because the move 563 00:30:20.319 --> 00:30:23.279 longer term and you can withdraw it out. Turn my program, 564 00:30:23.480 --> 00:30:26.119 can you give me the FDIC option, give me non 565 00:30:26.240 --> 00:30:28.559 FDC option. When it gives me poth of them, I'll 566 00:30:28.599 --> 00:30:31.319 look at it. Built on my risk profile, I can 567 00:30:31.359 --> 00:30:33.519 decide to do. I can spread an investment into three 568 00:30:33.599 --> 00:30:37.119 or four companies, you know the CEM amount of spread across, 569 00:30:37.240 --> 00:30:38.720 or do a lot a lot. That means you do 570 00:30:38.920 --> 00:30:42.119 three months three months, so three months, six months, nine 571 00:30:42.119 --> 00:30:45.359 months majority, So every three months is mature and you're standing, 572 00:30:45.400 --> 00:30:47.839 we take that money you have, you divide into three 573 00:30:47.960 --> 00:30:51.039 six nine, So every three months is maturing. So if 574 00:30:51.039 --> 00:30:53.960 it's mature, you like it, you invest from that three months. 575 00:30:53.960 --> 00:30:55.960 If you don't like it, you take it out. Things 576 00:30:56.000 --> 00:30:58.799 like that. But that's how that's how we would invest 577 00:30:58.880 --> 00:31:01.960 for you, because you're in and all that. If you 578 00:31:02.000 --> 00:31:03.519 have come to me and your said give me another 579 00:31:03.559 --> 00:31:07.240 objective or that this profile, you don't ask a class. 580 00:31:07.240 --> 00:31:11.039 So there's no better or best investment. There's only an 581 00:31:11.039 --> 00:31:13.480 investment that meets your objective, which is what I've just 582 00:31:13.880 --> 00:31:14.960 try to do today. 583 00:31:15.519 --> 00:31:18.000 Okay, thanks very much. Just two more questions. 584 00:31:19.640 --> 00:31:23.240 Okay, So first and first question. 585 00:31:23.079 --> 00:31:23.400 Would be. 586 00:31:25.400 --> 00:31:29.440 This also open to none of the citizens of the US. 587 00:31:29.880 --> 00:31:33.279 And secondly, because you mentioned I mean just between broker, 588 00:31:33.319 --> 00:31:34.480 I don't have one at the moment. 589 00:31:34.839 --> 00:31:37.839 This is something that I can maybe look to find something. 590 00:31:38.240 --> 00:31:39.599 And secondly, yeah. 591 00:31:39.880 --> 00:31:42.119 I just I just wanted to bring you back to 592 00:31:42.519 --> 00:31:43.160 part of the question. 593 00:31:43.279 --> 00:31:46.160 I asked about the respources I can used to you 594 00:31:46.519 --> 00:31:48.319 for knowledge because I. 595 00:31:48.519 --> 00:31:49.839 Like I said, I just don't want to be in 596 00:31:49.920 --> 00:31:54.079 best for investments. I also want and why I'm investing 597 00:31:54.119 --> 00:31:57.160 on the pigs or the instruments I need to be 598 00:31:57.319 --> 00:31:58.960 able to me for investing. 599 00:32:00.880 --> 00:32:01.079 A lot. 600 00:32:01.119 --> 00:32:04.039 Are two fantastic questions. Let's do your first question. Non 601 00:32:04.200 --> 00:32:04.960 US residents. 602 00:32:05.359 --> 00:32:07.759 Yes, because you're in the West, right, If you talk 603 00:32:07.799 --> 00:32:10.359 to your broker and you say you want access to 604 00:32:10.400 --> 00:32:12.799 a US city, I think you can get it for you. 605 00:32:13.119 --> 00:32:16.200 I know you need a US social to buy US 606 00:32:16.200 --> 00:32:20.480 depository investments, but I think your broker will find a 607 00:32:20.480 --> 00:32:22.799 way to buy it for you because they have funds 608 00:32:23.079 --> 00:32:26.119 wanted market funds that do that, right, especially if you're 609 00:32:26.119 --> 00:32:28.279 in the UK or SO, they can get away for 610 00:32:28.319 --> 00:32:30.759 you to get an exposure. Yes, so talk to them 611 00:32:30.799 --> 00:32:33.759 and say I want to get exposure to US cities. 612 00:32:33.920 --> 00:32:36.880 There are also more cities that pay you more if 613 00:32:36.880 --> 00:32:39.279 you want, if you can take the risk. Turkish bonds 614 00:32:39.279 --> 00:32:42.680 are paying late ten percent, so you can go across 615 00:32:42.720 --> 00:32:46.759 the world. Just ask it, just google it, just say 616 00:32:46.400 --> 00:32:49.240 city heels across the world. They will give you lots 617 00:32:49.240 --> 00:32:53.400 of wills. Nigeria is paying in dollar terms dollar Nigeria 618 00:32:55.400 --> 00:32:58.400 for thirty years. So if you bought a euro bond, 619 00:32:58.759 --> 00:33:00.960 you should buy Nigeria to make about eight point. But 620 00:33:01.000 --> 00:33:04.119 that's the coop one. If you look at the yield, 621 00:33:04.319 --> 00:33:07.119 it's more than eight. So if you buy that the 622 00:33:07.279 --> 00:33:09.279 rope bond, you should buy Nature. You get more than 623 00:33:09.319 --> 00:33:12.160 that from the secondary market. Right, And that's what I 624 00:33:12.200 --> 00:33:13.920 was ask people to do Niagien because you can do 625 00:33:14.000 --> 00:33:16.799 nicety a dollar. Also it's better Niger. But if you 626 00:33:16.880 --> 00:33:19.079 talk to your broker, I'm sure they can keep you 627 00:33:19.119 --> 00:33:21.319 away because you're getting the West. It's harder for in 628 00:33:21.400 --> 00:33:24.640 Nigerian to invest, but you are already there. They don't 629 00:33:24.680 --> 00:33:26.880 mok yc and you, so it's easier for them to 630 00:33:26.880 --> 00:33:29.160 basically get that for you. So talk to them. They 631 00:33:29.240 --> 00:33:32.160 kind of hear on on on how you can grow yourself. 632 00:33:32.160 --> 00:33:34.160 My brother, it's the same way that you are. You 633 00:33:34.240 --> 00:33:38.960 a football lover, it's the same way the same way 634 00:33:39.000 --> 00:33:43.039 you lend what offside rule was? You watch football your 635 00:33:43.119 --> 00:33:46.200 uncle said offside, you did what they're talking about. Then 636 00:33:46.200 --> 00:33:49.160 you watch it again offside, then you actually up. Then 637 00:33:49.160 --> 00:33:51.759 you're not all offside means the same way you lend offside, 638 00:33:52.319 --> 00:33:54.839 learn about the best You've got to go studied. Here 639 00:33:54.960 --> 00:33:58.240 people talk and I always recommend you to go to YouTube. 640 00:33:58.960 --> 00:34:02.640 So YouTube just just put YouTube outing about investments. You 641 00:34:02.759 --> 00:34:06.119 see tons of resources with videos that will break it 642 00:34:06.160 --> 00:34:08.239 down for you, explain to you in the way you 643 00:34:08.239 --> 00:34:12.039 can understand. Also, read books also with podcasts. Also listen 644 00:34:12.079 --> 00:34:15.960 to Bloomberg. Let me recommend my book as well. I'm 645 00:34:16.000 --> 00:34:19.119 a Nigerian guy, but I've worked across you. You have 646 00:34:19.239 --> 00:34:21.800 worked in the US as well, and after all, my 647 00:34:21.920 --> 00:34:24.679 life is apart from when I started off. I don't finance, 648 00:34:25.199 --> 00:34:28.239 mind you. Money is for rich people, manage money in 649 00:34:28.320 --> 00:34:32.280 pension funds, manage moneys across the world. Right, So I've 650 00:34:32.320 --> 00:34:35.239 tried to write it very simple, but you understand. So 651 00:34:35.239 --> 00:34:37.679 if you get that book as well, it helps. Also 652 00:34:37.880 --> 00:34:42.639 on Twitter, just do the hashtag thin plant books. I'm 653 00:34:42.679 --> 00:34:46.199 going to shad thin plan books. That's hashtag fi n 654 00:34:46.599 --> 00:34:49.159 P l A n b A who kis. I also 655 00:34:49.239 --> 00:34:51.960 created lots of books that was perfect for you. So 656 00:34:52.000 --> 00:34:54.519 if I want to do other books, just use that hashtag. 657 00:34:54.559 --> 00:34:56.719 You see lots of books that put there that are 658 00:34:56.800 --> 00:34:59.000 just great for you to read and learn. But I 659 00:34:59.119 --> 00:35:02.679 like you too. Like podcast just that many podcasts on 660 00:35:02.760 --> 00:35:05.679 money that I like. Every day you hear podcasts everything 661 00:35:05.800 --> 00:35:08.920 without the time. If you're driving, convert your card to 662 00:35:09.119 --> 00:35:13.679 a laboratory of learning. Just listen to music, podcasting money. 663 00:35:13.719 --> 00:35:16.159 You pick up the terms. You pick up the terms, 664 00:35:16.360 --> 00:35:19.360 you understand how it works, You understand why there's offside, 665 00:35:19.679 --> 00:35:22.440 why there's this, why does this penalty? The same way. 666 00:35:22.639 --> 00:35:24.440 That's the best way I can advise you to go ahead. 667 00:35:26.239 --> 00:35:26.880 Thank you very much. 668 00:35:28.599 --> 00:35:30.320 Well, yes, thanks so much. 669 00:35:30.360 --> 00:35:30.440 Ja. 670 00:35:33.039 --> 00:35:37.079 Okay, I've got a did did see I did? Come 671 00:35:37.400 --> 00:35:43.760 see me at this? So? How you doing? I'm doing great, excellent, 672 00:35:43.960 --> 00:35:44.719 Thank you so much. 673 00:35:45.239 --> 00:35:46.000 Yeah, good evening. 674 00:35:47.119 --> 00:35:47.960 So I am. 675 00:35:49.360 --> 00:35:54.280 I am should I say an employer employee? 676 00:35:54.840 --> 00:35:59.639 I'm employer people, and I'm most working for people. I 677 00:35:59.760 --> 00:36:03.440 think think I have two issues. I'm trying to manage 678 00:36:03.480 --> 00:36:07.719 my finances. I'm trying to manage my own income from 679 00:36:07.760 --> 00:36:12.960 my business and also from my job, and it's very difficult. 680 00:36:13.519 --> 00:36:16.880 It says that I make a lot of money per month, 681 00:36:17.119 --> 00:36:19.840 but to be able to manage it, to be able 682 00:36:19.880 --> 00:36:20.760 to attach. 683 00:36:20.480 --> 00:36:22.360 It to go to service, which. 684 00:36:22.280 --> 00:36:24.760 Goes to investments, which are spending. 685 00:36:24.599 --> 00:36:27.199 On myself at the end of the when everything becomes 686 00:36:27.320 --> 00:36:29.800 clumsy and I don't even know how I spend the 687 00:36:29.840 --> 00:36:32.719 whole money and which one went to the ritual and 688 00:36:32.920 --> 00:36:35.760 it's always clumsive for me. So I don't know if 689 00:36:35.800 --> 00:36:37.440 there is any way you're going to able to track 690 00:36:37.519 --> 00:36:40.400 my finances, how I make my money and how I 691 00:36:40.519 --> 00:36:40.920 spend them. 692 00:36:41.400 --> 00:36:44.320 Okay, So the first question is, so you you have 693 00:36:44.440 --> 00:36:48.599 a gig and you're also employed, well done? Are using 694 00:36:48.599 --> 00:36:53.559 an it app to track this cash flow? Are using 695 00:36:53.920 --> 00:36:58.519 at all? I want you okay? Because I think I 696 00:36:58.599 --> 00:37:02.239 think it's very I like this this question. I wish 697 00:37:02.760 --> 00:37:05.400 I would like to work with you really right to 698 00:37:05.840 --> 00:37:07.840 the first thing you have to understands to have to 699 00:37:08.000 --> 00:37:12.199 separate boat incomes, the income you mix and the income 700 00:37:12.400 --> 00:37:15.320 business mix. Will have to separate both of them. First 701 00:37:15.360 --> 00:37:18.000 of all, I think I'm not sure, but I think 702 00:37:18.039 --> 00:37:21.880 there's a lot of core mingling of incomes and expenditures. 703 00:37:22.199 --> 00:37:24.599 And I think comingling is because you just haven't had 704 00:37:24.719 --> 00:37:28.559 the structure before we go into business strategy. I think 705 00:37:28.639 --> 00:37:30.760 the simple th introduce is ask you do you have 706 00:37:30.920 --> 00:37:34.159 where do you pay the gig income to? What bank? 707 00:37:34.239 --> 00:37:36.280 Does it not not know the bank. How many bank 708 00:37:36.320 --> 00:37:40.360 accounts do you have? I think I do have three? 709 00:37:40.920 --> 00:37:47.920 So one so is anyone for yourself personally? The only 710 00:37:48.000 --> 00:37:48.480 one that I have. 711 00:37:48.639 --> 00:37:50.360 Personalities my big event. 712 00:37:52.480 --> 00:37:55.159 So that's your if you want to buy you where 713 00:37:55.159 --> 00:37:56.679 do you take the money from? Piggy best. 714 00:38:00.239 --> 00:38:00.480 Money? 715 00:38:01.400 --> 00:38:03.679 And it's the money point account for the business or. 716 00:38:03.719 --> 00:38:04.159 For you. 717 00:38:06.960 --> 00:38:10.599 From the business. I hear you, so you see. The 718 00:38:10.679 --> 00:38:12.079 first thing we're going to try to do right that 719 00:38:12.199 --> 00:38:15.039 most we can do but is to try to separate everything. 720 00:38:15.920 --> 00:38:20.239 If you separate everything you from your business, we can 721 00:38:20.360 --> 00:38:23.039 have a better sense of what's going on. Do you 722 00:38:23.119 --> 00:38:25.360 have an accountant that you're not that you're not that 723 00:38:25.480 --> 00:38:27.880 you're paying every month? Do you have someone that has 724 00:38:28.000 --> 00:38:34.440 audited your books before? Okay, that's fine. You can do 725 00:38:34.480 --> 00:38:37.280 it yourself. There are many apps you can use. Right, 726 00:38:37.400 --> 00:38:40.159 you can buy an app and you can key in 727 00:38:40.840 --> 00:38:43.880 like I'm not sure if that your offers that where 728 00:38:43.920 --> 00:38:46.480 the app can go into your account and record all 729 00:38:46.559 --> 00:38:49.800 your transactions. You might have to do it yourself manually. 730 00:38:50.239 --> 00:38:53.320 There's an app like Mint. There's to be a Niger 731 00:38:53.480 --> 00:38:56.119 app or the longer available where you get this app 732 00:38:57.320 --> 00:39:00.639 you key in all your expenses and then the apput 733 00:39:00.760 --> 00:39:06.159 code it for you. So Utilities supplies power to code 734 00:39:06.199 --> 00:39:08.880 those expenses for you on what you are doing on 735 00:39:09.000 --> 00:39:12.719 your business side and also for your personal side because 736 00:39:12.800 --> 00:39:15.000 you are losing a lot of money from not cleaning. 737 00:39:15.079 --> 00:39:18.079 Do you pay don't answer, but do you pay taxes? 738 00:39:18.440 --> 00:39:21.880 If you pay taxes and you cannot get your expenses 739 00:39:22.000 --> 00:39:25.039 listed out, you are listening of money. You're leaving money 740 00:39:25.079 --> 00:39:28.519 on the table. So you want an app that you 741 00:39:28.639 --> 00:39:32.280 can code all your expenses you are making. You buy sua, 742 00:39:32.400 --> 00:39:36.360 you enter a cab, you buy cook Those are business expenses, 743 00:39:36.440 --> 00:39:39.800 but if you don't code them, you can't claim them. Also, 744 00:39:39.880 --> 00:39:42.079 if you don't code them, do you don't know if 745 00:39:42.079 --> 00:39:45.880 you're making money? Do you know how much profit you make? 746 00:39:45.960 --> 00:39:47.880 And how much income you make? Do you know that? 747 00:39:49.639 --> 00:39:49.840 I know? 748 00:39:52.079 --> 00:39:53.800 I hear you? Fantastic? 749 00:39:54.000 --> 00:39:55.800 So let let's do this right, just. 750 00:39:56.599 --> 00:39:59.280 Let's walk send me a DM right. First of all, 751 00:39:59.280 --> 00:40:01.320 if you go to I have an app that I 752 00:40:01.360 --> 00:40:04.119 can give you for free. I created it, right, it's 753 00:40:04.199 --> 00:40:07.440 on its online. You can keep coding your own personal 754 00:40:07.599 --> 00:40:10.280 income and your own personal expension, but it's not for 755 00:40:10.400 --> 00:40:13.039 the business. So for instance, you can go in there 756 00:40:13.039 --> 00:40:14.960 and you can say this is the income I make. 757 00:40:15.079 --> 00:40:17.840 It can couple the passive income from your business. But 758 00:40:18.119 --> 00:40:20.440 that is only for the business. If you want to 759 00:40:20.559 --> 00:40:23.559 do three, you can do three and have one for 760 00:40:23.679 --> 00:40:26.360 your personal self and then do one for the business self. 761 00:40:26.800 --> 00:40:29.079 You can do that on the app. It's on my website. 762 00:40:29.320 --> 00:40:33.599 It's not my website, it's my name, Carlo Aga or orgy. 763 00:40:34.039 --> 00:40:36.639 If you better going to see financial calculator, it's a 764 00:40:36.679 --> 00:40:38.719 big red columny that if you hit it, they're going 765 00:40:38.760 --> 00:40:40.639 to give you. You see where you're putting your goals. 766 00:40:41.039 --> 00:40:43.960 You see your income, it's your expenses, it's your cash. 767 00:40:44.159 --> 00:40:47.400 It wasn't automatic for you, so once you're putting your income, 768 00:40:47.880 --> 00:40:51.880 you will sort of like dopyting else for you. What 769 00:40:52.119 --> 00:40:55.360 you want to do today, this is greatest twenty and 770 00:40:55.519 --> 00:40:58.559 five is you want to have three books, Go and 771 00:40:58.639 --> 00:41:01.599 buy two exercise books. You don't do this computer one. 772 00:41:01.719 --> 00:41:05.519 Buy three exercise books, one for yourself, one for the business, 773 00:41:05.639 --> 00:41:06.920 one one for business. 774 00:41:07.000 --> 00:41:07.159 Two. 775 00:41:07.400 --> 00:41:11.039 You separate everything. If you make income, write it down. 776 00:41:11.519 --> 00:41:13.800 So when you have an accountanty, just give him. If 777 00:41:13.840 --> 00:41:15.760 you want to have an Excel sheet to the exact 778 00:41:15.800 --> 00:41:19.000 same thing. Excel one for the business one Excel two 779 00:41:19.079 --> 00:41:22.440 for business too. Start to track the income and the 780 00:41:22.559 --> 00:41:26.119 expenses just as well on this program. Track your income, 781 00:41:26.559 --> 00:41:29.679 track your expenses. Just do that alone. When you get 782 00:41:29.800 --> 00:41:33.039 the expert, you give that to him. He will give 783 00:41:33.079 --> 00:41:35.639 you your balance sheet. You'll give you your income, you 784 00:41:35.760 --> 00:41:38.480 give you expenses. If you want to send me a DM, 785 00:41:38.639 --> 00:41:40.239 let me work with you. I'm not gonna charge you, 786 00:41:40.320 --> 00:41:44.639 don't worry. Just want to use you as as you say, 787 00:41:44.639 --> 00:41:48.320 a key story, right, So we just to organize all 788 00:41:48.400 --> 00:41:50.880 that for you. So but you have to show that 789 00:41:51.000 --> 00:41:54.599 you want to be too popper about right, So let's 790 00:41:54.639 --> 00:41:56.760 do that for you. So first and first, we're going 791 00:41:56.840 --> 00:41:59.360 to separate everything from generally first, right, so we're lucky, 792 00:41:59.440 --> 00:42:02.920 so generally rest you should know every income that comes 793 00:42:02.960 --> 00:42:06.880 from business one, from business too, and your personal so 794 00:42:06.960 --> 00:42:09.519 it's all separated. That's what you do. Then Nomber two, 795 00:42:09.519 --> 00:42:11.199 you record them. Can you do that for me? Just 796 00:42:11.639 --> 00:42:15.119 separate and record That's all I do today. Separate and 797 00:42:15.280 --> 00:42:19.360 record them by generally and we get an song that 798 00:42:19.400 --> 00:42:23.400 will come and do your your audits for you. Then 799 00:42:23.480 --> 00:42:25.280 you can have a picture. You might be making losses 800 00:42:25.320 --> 00:42:27.039 you don't know by making property. 801 00:42:27.079 --> 00:42:27.400 You don't know. 802 00:42:27.559 --> 00:42:29.519 Let's let's start out with you send me a DM 803 00:42:29.960 --> 00:42:33.679 go to the website. So that's for your personal but 804 00:42:33.880 --> 00:42:37.079 today you're gonna do separation and recording. That's what we're 805 00:42:37.079 --> 00:42:43.400 gonna do from generator first, separation and recording. Right, thank 806 00:42:43.440 --> 00:42:47.519 you very much. Welcome. Second question, what's the good question? 807 00:42:48.440 --> 00:42:48.760 Really? 808 00:42:48.800 --> 00:42:53.079 Really many things about to correct the space to have 809 00:42:53.639 --> 00:42:59.719 aged about it and have probably say if you back 810 00:43:00.320 --> 00:43:03.880 you would you buy it, sells about it. 811 00:43:04.760 --> 00:43:07.679 You see that going to lasday and tomorrow and you 812 00:43:07.800 --> 00:43:08.360 be seeing it. 813 00:43:08.559 --> 00:43:11.679 Down that what is happening to you? 814 00:43:11.679 --> 00:43:16.000 Don't say it's going to like what crazy ship is happenings. 815 00:43:16.840 --> 00:43:19.519 I just want to have any knowledge about it. I'm 816 00:43:19.559 --> 00:43:20.679 not diving into it yet. 817 00:43:21.360 --> 00:43:23.079 That's just it. 818 00:43:23.199 --> 00:43:28.320 But do you have any investments at all currently? Yes? 819 00:43:28.480 --> 00:43:32.679 I do have buy on picking so just live on 820 00:43:33.159 --> 00:43:35.000 you just you just have money, we pick invest like 821 00:43:35.159 --> 00:43:40.599 just see money with them. Yes, okay, okay, any of 822 00:43:40.679 --> 00:43:46.639 the investments so that the commercial paper is an investment. 823 00:43:46.800 --> 00:43:50.639 The service is not right, so that's all you have, right, Okay? 824 00:43:50.719 --> 00:43:52.719 Do you have an rs C? Do you have an 825 00:43:52.840 --> 00:43:59.000 RSS okay? So can you open up a retirement service account? 826 00:44:00.039 --> 00:44:05.280 Is it possible. Yes, okay, do that. So you've got 827 00:44:05.320 --> 00:44:09.760 the piggy that's perfect. Let's do our RSSA. Then we 828 00:44:09.880 --> 00:44:12.639 can start you with buying. And how young you are 829 00:44:12.639 --> 00:44:16.000 about to sound, I'm gonna say so if you sound younger, 830 00:44:16.639 --> 00:44:19.320 I want you to do more of equities, So to 831 00:44:19.440 --> 00:44:23.000 invest in equitizations because then you can take advantage of 832 00:44:23.199 --> 00:44:28.400 your age and compound. Right because at your what's the 833 00:44:28.519 --> 00:44:32.360 interest you're making from piggy bes cepeple, what's the interest? 834 00:44:33.639 --> 00:44:33.920 Do you know? 835 00:44:34.760 --> 00:44:36.719 Okay, as I do. 836 00:44:39.920 --> 00:44:40.519 Or something. 837 00:44:41.599 --> 00:44:46.760 Let's let me let's let's give its fifteen percent inficiality 838 00:44:46.800 --> 00:44:50.239 in Nigeria. Do you know what do you think it is? 839 00:44:55.320 --> 00:44:58.880 So it's about it's about it's about ten percent. So 840 00:44:59.000 --> 00:45:01.400 the Piggy Best money you're making. You're making money, but 841 00:45:01.639 --> 00:45:03.760 in real terms we're meeting. In real terms, we're not 842 00:45:03.880 --> 00:45:05.840 making money. So we'll look out. I want you to 843 00:45:05.920 --> 00:45:07.679 look at it this way. The piggy Best can be 844 00:45:07.760 --> 00:45:13.800 your fund right, the CP. The CP can be your 845 00:45:14.519 --> 00:45:17.039 little savings like okay, short time things. We'll have to 846 00:45:17.079 --> 00:45:19.599 get you into one that time savings. That's how I 847 00:45:19.880 --> 00:45:22.960 do mis account. And we're going to try to buy 848 00:45:23.000 --> 00:45:27.920 you some equity, US equity and your equity. We get 849 00:45:28.039 --> 00:45:31.480 two of them, right, So but one thing, you're going 850 00:45:31.559 --> 00:45:34.000 to separate your back account for your personal Like I'm 851 00:45:34.000 --> 00:45:38.079 going to have three accounts on Excel, on an Excise book, 852 00:45:38.440 --> 00:45:40.519 or on an app if anybody has an app that 853 00:45:40.559 --> 00:45:43.920 doesn't send me a d M or shared, but separate 854 00:45:44.639 --> 00:45:47.039 and record. That's for what you're gonna do. Nomber three, 855 00:45:47.039 --> 00:45:50.039 you're gonna put up an r C. And number four, 856 00:45:50.079 --> 00:45:52.599 I try to open up and app and allow you 857 00:45:52.719 --> 00:45:57.159 to buy shares. There are three shares, there are three companies. 858 00:45:57.199 --> 00:45:57.840 I like to do this. 859 00:45:58.400 --> 00:46:04.480 That's secretary start Chacker, Cowie and Bamboo were talking amount 860 00:46:04.480 --> 00:46:06.079 give you my mission. So I want you to get 861 00:46:06.119 --> 00:46:10.559 into longer term investments. That's we do all before crypt 862 00:46:10.760 --> 00:46:12.800 That's what I'm going to this man story. I want 863 00:46:12.840 --> 00:46:15.239 you to do all this because the crypto is going 864 00:46:15.320 --> 00:46:17.960 to be one to tell them. The portfolio. It should 865 00:46:18.000 --> 00:46:20.480 be a great portfolio. You want to be You want 866 00:46:20.480 --> 00:46:22.920 to take advantage of your age. Your age is a 867 00:46:22.960 --> 00:46:26.280 big factor. It's you are younger, So take avantage of 868 00:46:26.360 --> 00:46:32.119 that crypto. Right yeah, perfect, all right, super super nice questions. 869 00:46:32.159 --> 00:46:36.079 Appreciate you, thank you. Let's guess who is your sir? 870 00:46:36.599 --> 00:46:37.079 Who your. 871 00:46:39.000 --> 00:46:45.519 I am going to thank you? So I'm busining a 872 00:46:45.679 --> 00:46:49.880 state and my question kind of like one of them, 873 00:46:50.000 --> 00:46:55.599 is the E T E turns stands similar to. 874 00:46:58.400 --> 00:46:58.639 MH. 875 00:47:00.360 --> 00:47:01.400 Is there any like. 876 00:47:03.639 --> 00:47:03.880 The other? 877 00:47:04.320 --> 00:47:09.199 But that's the same thing. Mutual funds, So ETFs exchange 878 00:47:09.320 --> 00:47:12.880 traded phones, mutual funds. The message that you can trade 879 00:47:13.000 --> 00:47:17.199 the mutual fund during the day. That's et F exchange 880 00:47:17.639 --> 00:47:22.760 traded fund or mutual funds. So when you burn et 881 00:47:23.000 --> 00:47:27.039 F you can sell it by PM. I buy three PM. 882 00:47:27.960 --> 00:47:30.320 The mutual fund you have to wait till the end 883 00:47:30.400 --> 00:47:35.119 of the day to do any like a unique trusting Also, 884 00:47:35.280 --> 00:47:39.559 ets have some tax advantages that that mutual phones don't have. 885 00:47:39.960 --> 00:47:43.280 So I personally prefer ETFs that mutual phones and all 886 00:47:43.320 --> 00:47:47.119 that flexibility. Yeah, but the same one, the same thing, 887 00:47:47.559 --> 00:47:48.119 no difference. 888 00:47:53.159 --> 00:47:54.000 Would you add. 889 00:47:56.679 --> 00:47:59.000 Langer or the US, because I don't the US is 890 00:47:59.320 --> 00:48:05.960 lower with turns and new there I think have done 891 00:48:06.719 --> 00:48:07.079 it can be. 892 00:48:09.679 --> 00:48:11.840 Yeah, you know, no, I can't give I cannot give 893 00:48:11.880 --> 00:48:14.079 advice on social media. Let me just put that car 894 00:48:14.360 --> 00:48:16.760 in there. But let me let me let me ask 895 00:48:16.880 --> 00:48:19.400 this way, if you tell me more about you, I 896 00:48:19.480 --> 00:48:21.079 can tell you your so. No, but look at this 897 00:48:21.199 --> 00:48:25.079 way do you buy would you buy Messy if MESSI 898 00:48:25.360 --> 00:48:29.840 was playing very very badly or MESSI was playing perfect? 899 00:48:29.920 --> 00:48:33.280 When would you buy Messy when MESSI mess you Let's 900 00:48:33.280 --> 00:48:35.559 say Message is playing bad or ex playing good? When 901 00:48:35.559 --> 00:48:38.000 did you bad good or bad? Tim buy him? When 902 00:48:38.000 --> 00:48:39.840 I was playing bad good? 903 00:48:41.719 --> 00:48:42.559 I was playing good? 904 00:48:43.840 --> 00:48:46.280 But if he's playing good, will his price go up 905 00:48:46.360 --> 00:48:49.960 or down? So you buy him good or bad? 906 00:48:50.400 --> 00:48:50.599 Oh? 907 00:48:51.800 --> 00:48:53.519 Him bad? Why why are you buy him bad? 908 00:48:54.199 --> 00:48:55.760 Because become good? 909 00:48:57.079 --> 00:49:00.679 So you know he's no good? So you know he's good, right, 910 00:49:01.480 --> 00:49:04.320 but it's cheap because it's bad because he's playing bad now, 911 00:49:04.360 --> 00:49:07.320 but you know he's good. I be good. But would 912 00:49:07.320 --> 00:49:09.320 you buy me if I'm playing good or that? Would 913 00:49:09.320 --> 00:49:09.760 you buy me? 914 00:49:12.239 --> 00:49:12.440 Yeah? 915 00:49:12.679 --> 00:49:16.960 You would you buy me? No, you won't buy because 916 00:49:17.079 --> 00:49:19.599 when you buy me good or you buy me bad, 917 00:49:19.639 --> 00:49:21.519 it doesn't matter. I'm not going to play well, so 918 00:49:21.559 --> 00:49:23.639 you don't buy me at all. So the answer is 919 00:49:23.719 --> 00:49:25.440 that if you don't invest in Nigeria, I want to 920 00:49:25.480 --> 00:49:29.719 ask if it is Nigeria is good investments? Look at 921 00:49:29.760 --> 00:49:34.800 it this way, four out of one not for African Nigeria. 922 00:49:35.280 --> 00:49:40.119 Nigeria has football has gas, has coastline, has arable land 923 00:49:40.400 --> 00:49:44.679 to the civil power, the largest number of diaspora outside 924 00:49:45.039 --> 00:49:50.960 Africa from Africa, the most educated Africans. It's so with 925 00:49:51.280 --> 00:49:54.840 all this, do you think that this is a good 926 00:49:54.840 --> 00:49:58.199 place for money in? Obviously yes, the question is when 927 00:49:58.280 --> 00:50:00.840 should make the money in and where should we put 928 00:50:00.880 --> 00:50:03.840 money in. We can't put money in and for ten 929 00:50:03.960 --> 00:50:06.440 years it's a look of place with the money's just 930 00:50:06.519 --> 00:50:09.480 going to waste because people will just steal it or 931 00:50:09.559 --> 00:50:12.280 do nothing, or you can't put money in. After five 932 00:50:12.400 --> 00:50:15.039 years the place has a good president and we're just booming. 933 00:50:15.159 --> 00:50:15.760 We don't know. 934 00:50:16.679 --> 00:50:18.480 So because you don't know, I would say if you 935 00:50:18.559 --> 00:50:21.480 have one that you can invest and forget about. Niu 936 00:50:21.559 --> 00:50:24.800 has the perfect way to invest, perfect way to invest, 937 00:50:24.920 --> 00:50:28.559 because if you're going from dollar to Nigeria, right, you 938 00:50:28.679 --> 00:50:32.599 are buying Niger on a discount. If I take a million, 939 00:50:32.920 --> 00:50:37.159 it's by take six hundred dollars. That's a millionner. If 940 00:50:37.199 --> 00:50:39.320 I take a millionaire to my village, I can buy 941 00:50:39.559 --> 00:50:44.119 lots of farmland with six hundred dollars. If it becomes good, 942 00:50:44.199 --> 00:50:46.320 I can't buy a round again with six rd dollars. 943 00:50:46.840 --> 00:50:49.239 So for the foreigners, amongst us it that's brand. You 944 00:50:49.320 --> 00:50:52.960 have an advantage, you have made more expensive currency. Do 945 00:50:53.159 --> 00:50:55.400 you packause you are buying Niger at a discount. You 946 00:50:55.480 --> 00:50:57.440 take a dollar and you buy the round stocks. You're 947 00:50:57.519 --> 00:51:01.800 buying an implicitly discounted mark. Kids. So that's the answer 948 00:51:01.880 --> 00:51:04.159 for you. If you believe that Niger will turn around tomorrow, 949 00:51:04.480 --> 00:51:06.280 it's a great time to buy. If you think it's 950 00:51:06.280 --> 00:51:08.159 all over for Nigeria. Don't want your money, keep it 951 00:51:08.519 --> 00:51:10.480 back with you, But it depends on your attitude to 952 00:51:10.599 --> 00:51:13.639 risk how long you want to invest that money. I 953 00:51:13.760 --> 00:51:16.920 know a guy that took money and invested rents and 954 00:51:17.079 --> 00:51:20.960 he built the university's and house in Nigeria. He's got 955 00:51:21.119 --> 00:51:24.039 his money back. But when you message want to doors, 956 00:51:24.079 --> 00:51:27.239 it's nothing, But he gets his money back. So I 957 00:51:27.320 --> 00:51:29.400 told the guy, you haven't lost your money, you just 958 00:51:29.440 --> 00:51:31.480 don't have a way to invest the returns. So if 959 00:51:31.519 --> 00:51:33.639 you take your money there you go and buy palm canel, 960 00:51:34.079 --> 00:51:36.239 or you buy a cashoe and you're exported. You tink 961 00:51:36.280 --> 00:51:38.519 you've got the willing back, but no one has that time, 962 00:51:38.920 --> 00:51:41.719 you see. So that's your answer for you. Really, it's 963 00:51:42.360 --> 00:51:44.639 it's a disgusted market. If you want to buy the best. 964 00:51:44.760 --> 00:51:46.960 You can't go wrong. But then again it depends on 965 00:51:47.039 --> 00:51:48.639 your objectives and your risk profile. 966 00:51:53.480 --> 00:51:56.119 It's gonna be in the US, like. 967 00:52:01.960 --> 00:52:04.079 I would give you, I would go, I would do 968 00:52:04.280 --> 00:52:08.119 Vanguard or Fidelity. Why Banguard because they are cheaper. Vangard 969 00:52:08.199 --> 00:52:11.159 is the largest, so your cost to purchase they have 970 00:52:11.400 --> 00:52:15.599 very very low expensive You know about VT VTVT. This 971 00:52:15.719 --> 00:52:18.239 has all Vanguard. So if you buy those stocks, you 972 00:52:18.320 --> 00:52:20.360 are buying. If you want to buy, let me give it. 973 00:52:20.400 --> 00:52:23.239 If you want to buy all the stocks in the world, 974 00:52:23.599 --> 00:52:26.960 like I live ones right, you just buy something called 975 00:52:27.199 --> 00:52:30.599 VT VT. That's an ET that buys all the stuffs 976 00:52:30.599 --> 00:52:34.519 that are going to buy a Microsoft, Tesla, Samsong, Toyota, 977 00:52:34.800 --> 00:52:37.280 all the stocks in the world. That's VT. But if 978 00:52:37.280 --> 00:52:40.559 you want to buy just five thousand, four thousand, Fiveulus 979 00:52:40.559 --> 00:52:44.719 stocks in the US alone, buy vt I. That's just 980 00:52:45.079 --> 00:52:48.719 VT but just in the US VT I. But if 981 00:52:48.719 --> 00:52:50.920 you want to buy in the US also, but only 982 00:52:51.079 --> 00:52:53.199 five hundred stock, I want to buy four on I 983 00:52:53.239 --> 00:52:55.320 don't buy five min stucks in the US. Then you 984 00:52:55.440 --> 00:52:58.719 buy v oh oh, that's five minute stocks in It's 985 00:52:58.800 --> 00:53:01.119 how I'm coming down. I went from the world VT. 986 00:53:01.559 --> 00:53:05.320 I went to VT I which was stocks. I got 987 00:53:05.360 --> 00:53:07.440 to b O O with his five on the stocks. 988 00:53:07.679 --> 00:53:09.679 But if I don't want to buy the US at all, 989 00:53:09.719 --> 00:53:12.239 I want to buy some song, and I do want 990 00:53:12.280 --> 00:53:15.400 to buy US, I buy v x U S. That 991 00:53:15.559 --> 00:53:18.079 is all the stocks, and I was the US. If 992 00:53:18.119 --> 00:53:19.920 I want to buy bones, I buy b n D. 993 00:53:20.400 --> 00:53:22.400 If I want to buy property, I buy v n X. 994 00:53:22.719 --> 00:53:26.239 This is our whole banger. So why Bangard because it's large, 995 00:53:26.519 --> 00:53:29.119 So the cost to buy one stock is cheaper. You 996 00:53:29.360 --> 00:53:32.960 buy the same stock, but it's cheaper with Bangard all 997 00:53:33.000 --> 00:53:34.480 so I always go with them because of the cost. 998 00:53:34.559 --> 00:53:36.960 Here they're not paying me. They don't pay its thing 999 00:53:37.079 --> 00:53:39.440 because I use them, or you go through your back. 1000 00:53:39.800 --> 00:53:42.119 I normally buy to my bank and all that. But 1001 00:53:42.599 --> 00:53:47.199 those guys also give you a good deal. Yeah, welcome, 1002 00:53:47.280 --> 00:53:52.320 I've got giant, a giant hyry a giant olu. Yeah, Hi, 1003 00:53:52.920 --> 00:53:59.559 go ahead? Can I speak up? Can I speak up 1004 00:53:59.559 --> 00:53:59.760 a bit? 1005 00:54:01.320 --> 00:54:01.559 Yeah? 1006 00:54:01.880 --> 00:54:12.039 I'm good evening, Hello, say go ahead? Yes, all right. 1007 00:54:12.559 --> 00:54:20.239 My question is also ask about the investments network. 1008 00:54:21.280 --> 00:54:27.079 Do you have investments network or a group of funders. 1009 00:54:27.559 --> 00:54:28.440 I'm interested in. 1010 00:54:30.119 --> 00:54:31.440 Firstructural investments in. 1011 00:54:33.519 --> 00:54:37.000 We have for a couple of frits, specially uh. 1012 00:54:37.760 --> 00:54:41.119 Ants Milly grets yourself. 1013 00:54:43.159 --> 00:54:49.280 Somewhere you're going I understand where you're going to, Okay, 1014 00:54:49.719 --> 00:54:53.440 but we don't not the right space for it. I don't. 1015 00:54:54.840 --> 00:54:56.480 It's not not the right space for it. But I 1016 00:54:56.639 --> 00:54:58.960 only have the bettles I can do this. Did he 1017 00:54:59.079 --> 00:55:02.119 drop up? Yeah? Not the right space for it, per se. 1018 00:55:02.320 --> 00:55:08.039 And even if I had investors not here, maybe send 1019 00:55:08.079 --> 00:55:09.559 me a d N. But it's not something I think 1020 00:55:09.599 --> 00:55:11.719 I do. I don't have an I can't be an invested. 1021 00:55:11.840 --> 00:55:15.800 You need to need to talk to angel or seed 1022 00:55:16.119 --> 00:55:19.760 or private equity people. That's why you talk to There's something. 1023 00:55:19.760 --> 00:55:22.840 There's something called legos injurls network. Stef can google its 1024 00:55:22.960 --> 00:55:26.239 legals injureds network. If you can google there and if 1025 00:55:26.239 --> 00:55:29.239 you can get some some because I don't do Google 1026 00:55:29.320 --> 00:55:32.599 power see, someone can invest in you. You get get 1027 00:55:32.760 --> 00:55:35.400 an investment, local investment, get a large one to get 1028 00:55:35.400 --> 00:55:37.840 for investments. So if you can go over there and 1029 00:55:37.960 --> 00:55:40.400 if someone can invest in you appreciate that. Let me 1030 00:55:40.440 --> 00:55:49.960 get Frank. I've got Frank, mister Frank f Flo. 1031 00:55:48.920 --> 00:55:50.239 Yeah, give me everybody. 1032 00:55:50.639 --> 00:55:50.960 So have. 1033 00:55:53.559 --> 00:55:57.079 You said something about inflation being that stripper. 1034 00:55:57.599 --> 00:56:00.719 I don't know if I got that brod that someone 1035 00:56:00.840 --> 00:56:02.039 is making money in the. 1036 00:56:02.119 --> 00:56:04.400 Pat she's not really making any money. 1037 00:56:04.920 --> 00:56:05.880 So my question is. 1038 00:56:09.199 --> 00:56:18.880 I will have an investor mm hmm, give me in 1039 00:56:18.960 --> 00:56:20.639 the business, the profit and laws. 1040 00:56:20.719 --> 00:56:21.559 So we've found out that. 1041 00:56:21.599 --> 00:56:25.440 We made around you know, it's a millionaire profit, and 1042 00:56:25.559 --> 00:56:27.360 then we did expense. 1043 00:56:27.000 --> 00:56:31.159 Of forty million era, then we didgaquity and then we 1044 00:56:31.239 --> 00:56:32.679 are taxteen million ere short. 1045 00:56:33.760 --> 00:56:35.119 So I couldn't account for. 1046 00:56:35.199 --> 00:56:38.199 That because I have I know the basic knowledge of accounting. 1047 00:56:39.159 --> 00:56:43.679 I missed that, frank of that, I couldn't rank. 1048 00:56:43.960 --> 00:56:44.400 I couldn't. 1049 00:56:45.039 --> 00:56:46.079 Yeah, I missed you. 1050 00:56:46.119 --> 00:56:49.800 You dropped off? Can you cover over you? You loved 1051 00:56:50.199 --> 00:56:52.000 what I said. I'm not nothing, I'm calling. 1052 00:56:53.320 --> 00:56:54.400 Okay, okay, okay. 1053 00:56:54.519 --> 00:56:55.559 So I said. 1054 00:56:57.000 --> 00:57:00.239 I was able to do the bookkeeping. I tried got 1055 00:57:00.320 --> 00:57:01.199 the expenses. 1056 00:57:01.840 --> 00:57:04.039 So we did the perfectly. 1057 00:57:03.840 --> 00:57:08.480 Made and it is also the same as the expenses made. 1058 00:57:08.679 --> 00:57:08.920 Okay. 1059 00:57:09.079 --> 00:57:12.880 So what we did we played what many in the business. 1060 00:57:13.639 --> 00:57:17.960 We were eighteen million shots. I couldn't account for that. 1061 00:57:19.280 --> 00:57:22.639 Pause pause, you invested how much in the. 1062 00:57:22.639 --> 00:57:28.960 Business around the hundred million? 1063 00:57:29.599 --> 00:57:32.920 About that goes to that goes to the balance sheet, right, 1064 00:57:33.519 --> 00:57:35.559 So now you said, you made your you made this 1065 00:57:35.639 --> 00:57:38.119 stop profit and loss. So how much the profit or 1066 00:57:38.159 --> 00:57:38.840 loss did you make? 1067 00:57:41.920 --> 00:57:42.960 Sorry I didn't get the question. 1068 00:57:43.360 --> 00:57:46.800 So you invested one hundred million, that's your balance sheet. 1069 00:57:47.400 --> 00:57:49.719 So I'm asking let's go down to your profit and 1070 00:57:49.840 --> 00:57:52.679 lost statement. How much profit or loss did you make? 1071 00:57:54.199 --> 00:57:58.320 Eight million? One eight million? Okay, So there's no connection 1072 00:57:58.519 --> 00:58:01.119 with your one hundred million, and you're eighteen. You know 1073 00:58:01.199 --> 00:58:05.719 that because eighteen it's your profit. So this test team 1074 00:58:05.800 --> 00:58:08.559 then you're looking for saying you cannot find it. Wait, 1075 00:58:08.679 --> 00:58:11.440 did did you it's in your balance sheet? It's not 1076 00:58:11.559 --> 00:58:16.599 in your incompetement. I'm not sure if you you're fooding 1077 00:58:16.599 --> 00:58:18.239 what I'm saying. If I take you a one hundred million, 1078 00:58:18.280 --> 00:58:20.840 I invest in my business, I buy head office, I 1079 00:58:20.960 --> 00:58:24.199 buy a car, I buy a computer, and I do business. 1080 00:58:24.519 --> 00:58:27.840 The business gives me eighteen millions. That's that's that's revenue 1081 00:58:28.840 --> 00:58:32.039 or revenue does not have the connection with my balance sheet. Person, 1082 00:58:32.519 --> 00:58:36.519 So when you say you can't find test million, are 1083 00:58:36.559 --> 00:58:40.280 you saying you you can't find where you invested TESTI million. 1084 00:58:43.199 --> 00:58:46.800 Like testimon was seen from the equity, it'sposed to see 1085 00:58:46.800 --> 00:58:47.639 it in the equity. 1086 00:58:47.880 --> 00:58:49.239 Like everything in the business. 1087 00:58:49.800 --> 00:58:51.679 No, no, no, no, what do you mean by it? 1088 00:58:51.719 --> 00:58:55.400 Says in the equity? The equity is your car, your office, 1089 00:58:55.840 --> 00:58:58.599 cash in the bank. If I bring in a hundred 1090 00:58:58.760 --> 00:59:01.679 million to do a business and I take ten millions 1091 00:59:01.840 --> 00:59:04.800 and buy an office and computer, so I have office 1092 00:59:04.920 --> 00:59:09.039 and computer maybe to two million, then I should have 1093 00:59:10.119 --> 00:59:12.440 eight million the bank. So what are you saying? I say, 1094 00:59:12.519 --> 00:59:15.039 you don't have the money the bank or the computer 1095 00:59:15.239 --> 00:59:19.039 or what are you saying? The equity I'm talking about 1096 00:59:19.079 --> 00:59:24.079 is just this stock. Let's talk the inventory. 1097 00:59:26.039 --> 00:59:28.119 Yeah, the inventor, yes, yeah, So so. 1098 00:59:28.199 --> 00:59:31.239 Now that's your balance. So you bought maybe you bought gala. 1099 00:59:31.639 --> 00:59:35.559 You can't find thee to the someone's to the gallon 1100 00:59:37.719 --> 00:59:42.320 Franky songs. The inventory because if you bring in raw 1101 00:59:42.440 --> 00:59:46.920 cash as capital and you buy stock, which is inventory, 1102 00:59:47.320 --> 00:59:49.719 that stock is on your balance sheet. The way you 1103 00:59:49.920 --> 00:59:52.519 sell the stock, the stock comes to your income. So 1104 00:59:52.599 --> 00:59:55.679 you bought let's make it simple, you used the one 1105 00:59:55.840 --> 00:59:59.920 hundred billion and you bought stock. Do you have balanchet 1106 01:00:00.119 --> 01:00:04.199 what one hundred million? Then you sold eighteen million. That 1107 01:00:04.360 --> 01:00:08.360 goes to your income as statements as eighteen million sales. 1108 01:00:08.800 --> 01:00:12.079 That means that we do your audit your eighteen is 1109 01:00:12.119 --> 01:00:15.199 a different book attire only your asset side. You should 1110 01:00:15.320 --> 01:00:19.679 have one side to show your stock a one hundred 1111 01:00:19.719 --> 01:00:22.920 million and your capital one hundred million. So when you 1112 01:00:23.119 --> 01:00:28.239 sell that stock for eighteen million, right, the balance would 1113 01:00:28.239 --> 01:00:30.480 still be in your warehouse. Now, when your balance sheet, 1114 01:00:31.320 --> 01:00:33.840 you should balance your stock should balance with your sales. 1115 01:00:33.880 --> 01:00:36.920 Maybe your bank statements or your debt of sticks should 1116 01:00:36.960 --> 01:00:39.760 balance your stock. Because the stock is leaving your your 1117 01:00:39.960 --> 01:00:45.079 company to be converted to cash or debt. So each 1118 01:00:45.159 --> 01:00:47.960 stock will leave your company, you're going to get cash 1119 01:00:48.159 --> 01:00:50.360 or debt. That's where the difference is. 1120 01:00:51.960 --> 01:00:52.000 Is. 1121 01:00:52.800 --> 01:00:58.000 I'm not gonna make it complicated. If if we've missed 1122 01:00:58.039 --> 01:01:01.519 it somewhere, it may do a record. When you have 1123 01:01:01.679 --> 01:01:06.119 one hundred bags of rice and one bag of rice 1124 01:01:06.239 --> 01:01:09.519 lead your warehouse, you should have on the corresponding side, 1125 01:01:09.960 --> 01:01:15.920 cash or debtors should balance Your hundred bags should balance 1126 01:01:16.039 --> 01:01:21.920 to cash, the bank or debtors. The point I'm making 1127 01:01:22.000 --> 01:01:28.360 it so do you an accountant, Yes, So that's an 1128 01:01:28.360 --> 01:01:30.719 easy that's an easy answer for your accountant. They can't 1129 01:01:30.719 --> 01:01:34.039 give you the answer fire you got somebody else's That's 1130 01:01:34.199 --> 01:01:39.920 that's easy answer for your accountant. Frank it's a simple 1131 01:01:40.000 --> 01:01:42.599 call for him. It's a simple call for your accountant. 1132 01:01:42.800 --> 01:01:46.599 When you sell goods, you either get cash or debtors, 1133 01:01:46.840 --> 01:01:50.920 and the cash was debtos should be equal to your inventory, 1134 01:01:51.000 --> 01:01:54.360 so your balance to balance. If it's not balancing, that 1135 01:01:54.559 --> 01:01:58.039 means either somebody stole your stock, or you have no 1136 01:01:58.199 --> 01:02:01.159 cash in the bank, or you have your sold money 1137 01:02:01.199 --> 01:02:03.320 on credit. I do know who you sold it to. 1138 01:02:03.719 --> 01:02:07.480 It's one of these three answers. Either your student. 1139 01:02:09.920 --> 01:02:10.559 With inflation. 1140 01:02:11.679 --> 01:02:13.960 It's not doing with inflation, because you are going to 1141 01:02:14.079 --> 01:02:16.599 carry that stock and still sell it. When you sell 1142 01:02:17.360 --> 01:02:19.960 your eighteen million, is where you are going to put 1143 01:02:20.079 --> 01:02:23.440 your inflation, right, you're uprising. So if you bought your 1144 01:02:23.480 --> 01:02:26.639 one hundred million goods at a one hundred million IRA 1145 01:02:26.960 --> 01:02:29.800 right when you want to sell, you can add your 1146 01:02:29.880 --> 01:02:32.440 inflation and say, okay, I'm going to sell each bag 1147 01:02:32.519 --> 01:02:37.719 of ride at one hundred Ira plus percent for my 1148 01:02:37.840 --> 01:02:41.199 inflation plus my real profit, so that when you are 1149 01:02:41.280 --> 01:02:44.559 send that eighty million, you are capturing all those costs. 1150 01:02:45.119 --> 01:02:48.280 So it goes back to my answer. The inventory will 1151 01:02:48.360 --> 01:02:51.360 not be equal to your revenue, right, that is your 1152 01:02:51.400 --> 01:02:55.159 inflation adjusted revenue, right, and that revenue will go to 1153 01:02:55.280 --> 01:02:59.719 your bank or to get us. That's the different question 1154 01:03:00.039 --> 01:03:03.280 asking now that when you're putting your pricing, you should 1155 01:03:03.280 --> 01:03:06.159 have taken to account in fiction and your cost of 1156 01:03:06.320 --> 01:03:11.119 sales to add to your COSTO. We don't have that 1157 01:03:11.280 --> 01:03:16.360 leverage because moving. What are you saying? What are you saying? Frank, 1158 01:03:17.000 --> 01:03:22.400 you buy a tenne error, we sell not much, but 1159 01:03:22.599 --> 01:03:24.880 you have to sell it first at what price? You 1160 01:03:24.920 --> 01:03:28.679 don't have any imagine? We are the imagine like around, 1161 01:03:30.039 --> 01:03:36.440 How do you demine? Imagine? It's just that's a selling 1162 01:03:36.519 --> 01:03:39.719 so you can be able to sell. Frank, you have 1163 01:03:39.760 --> 01:03:43.320 accountant now, no, no, each you can't do that. Now 1164 01:03:43.400 --> 01:03:46.000 you have you have a cost. When you have a cost, 1165 01:03:46.119 --> 01:03:49.320 you have to sit down every day or every hour 1166 01:03:49.440 --> 01:03:52.199 you ask yourself, this is my cost a B. You 1167 01:03:52.360 --> 01:03:54.960 have to know what your break even is. You have 1168 01:03:55.039 --> 01:03:57.719 an accountant, write it down. What is your break even? 1169 01:03:58.480 --> 01:04:00.719 Your break even is the price that you must sell 1170 01:04:00.800 --> 01:04:03.280 that commodity to make a profit or even to cover 1171 01:04:03.440 --> 01:04:05.840 your cost, not even profit, just to cover your cost. 1172 01:04:06.119 --> 01:04:08.599 In that break even, he will put infusion, he will 1173 01:04:08.639 --> 01:04:10.880 put nepper, he will put in the last man, he 1174 01:04:10.960 --> 01:04:13.679 put everything that even. You will tell you we must 1175 01:04:13.719 --> 01:04:16.719 sell out for fifteen error to break even. If you 1176 01:04:16.800 --> 01:04:19.320 sell a fourteen making a loss, that's where your capital 1177 01:04:19.440 --> 01:04:22.559 is going to. That's why your disappearing. If you sell 1178 01:04:22.679 --> 01:04:26.239 to the loss, your capital will disappear because on one 1179 01:04:26.360 --> 01:04:28.920 side you have a one hundred million, on the other 1180 01:04:29.039 --> 01:04:32.119 side you have bank balanced less than one hundred million. 1181 01:04:32.559 --> 01:04:36.360 That's the test, Sar you're looking for, Frank, don't because 1182 01:04:36.719 --> 01:04:38.440 for you I can fully, but I'm giving you all 1183 01:04:38.480 --> 01:04:40.960 the insight for you now right, you are counters and 1184 01:04:41.079 --> 01:04:44.000 given the outside it's very very simple thing you're You're 1185 01:04:44.079 --> 01:04:46.920 just not either you're not not capturing your costs properly, 1186 01:04:47.639 --> 01:04:49.440 or are not capturing yourself properly. 1187 01:04:49.880 --> 01:04:54.599 The reason we are is because we are we are. 1188 01:04:54.800 --> 01:04:55.719 We are distributed. 1189 01:04:57.559 --> 01:05:02.679 It doesn't matter cost, it does matter. It doesn't matter. 1190 01:05:02.840 --> 01:05:06.360 You have the cost. You must have the cost of sales, 1191 01:05:06.840 --> 01:05:10.320 then you sell and take a profit. Well, I did 1192 01:05:10.639 --> 01:05:14.039 enterprise every second. If you can't do the business, you 1193 01:05:14.199 --> 01:05:17.000 can't stay in the business. You get what I'm saying, Frank. 1194 01:05:17.039 --> 01:05:19.480 If you want to talk about DM, right, but let's 1195 01:05:20.039 --> 01:05:23.320 I don't want to keep put yours. I can consult 1196 01:05:23.440 --> 01:05:26.280 for you on this, bro. But it's a very simple thing. 1197 01:05:26.360 --> 01:05:29.639 You're missing the very best simple things that the number 1198 01:05:29.760 --> 01:05:33.480 one you're not capturing your cost properly. Number two people 1199 01:05:33.559 --> 01:05:36.400 are owe you on a tree. You're not capturing your sales. 1200 01:05:36.440 --> 01:05:39.679 It's there, it's There's not a it's not a hard 1201 01:05:39.960 --> 01:05:42.920 thing you're asking, but is more what you say it. 1202 01:05:43.199 --> 01:05:43.840 So do that. 1203 01:05:44.360 --> 01:05:50.239 I beg Yeah, you're welcome. Yeah, let's get l v 1204 01:05:50.599 --> 01:05:51.679 H D l BT. 1205 01:05:57.039 --> 01:06:03.239 Okay, I have a big question that is concerning government 1206 01:06:03.360 --> 01:06:08.719 part securities and assets and yeah, so you know, I've 1207 01:06:08.760 --> 01:06:14.280 been doing some reading recently and one trend is the 1208 01:06:15.559 --> 01:06:19.000 increasing levels of foreign and domestic that I. 1209 01:06:18.960 --> 01:06:21.400 Don't think it has app is high in trend. 1210 01:06:21.199 --> 01:06:27.400 History with the risk significant risk of declining areas for revenue. 1211 01:06:27.440 --> 01:06:30.719 I think he also said something like that earlier today yesterday. 1212 01:06:32.559 --> 01:06:35.400 My question to you is that are their. 1213 01:06:35.440 --> 01:06:42.199 Concerns, you know, concerns when it comes to UH risk 1214 01:06:42.320 --> 01:06:43.039 when it comes. 1215 01:06:42.880 --> 01:06:46.119 To government defaulting on their debt obligations. 1216 01:06:46.719 --> 01:06:47.639 And the reason I see that. 1217 01:06:47.719 --> 01:06:51.840 Is because ordinarily one of the government assumes that it 1218 01:06:51.960 --> 01:06:54.800 is supposed to be used to fund capital products. 1219 01:06:54.480 --> 01:06:57.760 Things that would a revenue. But I think what we're seeing, 1220 01:06:58.079 --> 01:07:00.880 especially for the domestic is that the spread and morning 1221 01:07:01.039 --> 01:07:04.280 to get up some of that publications. Well for the 1222 01:07:04.320 --> 01:07:08.159 foreigner taking on that to pay off existing debts. 1223 01:07:08.920 --> 01:07:12.519 So do you from your perspective, do. 1224 01:07:12.559 --> 01:07:16.480 You think it default is in the future. 1225 01:07:17.960 --> 01:07:19.440 Yeah, I mean, if you look at the year, was 1226 01:07:19.519 --> 01:07:22.480 it IMF or not FITCHU was Fitch this weekend has 1227 01:07:22.480 --> 01:07:25.480 said that I don't how to look at their physical deficits. 1228 01:07:25.559 --> 01:07:28.280 What they were saying was this that with every project 1229 01:07:28.320 --> 01:07:31.239 we've had, this year's budget, last year's budget, what we 1230 01:07:31.320 --> 01:07:35.000 basically do is we say we end ten era, we're 1231 01:07:35.039 --> 01:07:38.960 going to spend fifty, so we have a deficit project. 1232 01:07:39.039 --> 01:07:41.280 This is what we've done for as far as I 1233 01:07:41.320 --> 01:07:44.840 can remember, but especially the last two budgets. We at 1234 01:07:44.880 --> 01:07:48.639 ten error. This is plus oil, we end tener, we 1235 01:07:48.800 --> 01:07:51.679 want to spend fifty. So the gu is cutting a 1236 01:07:51.840 --> 01:07:55.199 quote according to her size, not her plot. That's a 1237 01:07:55.239 --> 01:07:59.880 big problem. The problem is this, we are borrowing eurobone, 1238 01:08:00.280 --> 01:08:04.800 which is dollar, and we're also borrowing naira in nyra debt. 1239 01:08:04.880 --> 01:08:08.800 We can print money and pay The last administration borrowed 1240 01:08:09.280 --> 01:08:13.760 the equivalent wait for it, the dollar equivalent of fifty 1241 01:08:14.039 --> 01:08:16.880 billion dollars, and how do we pay for that? Fifty 1242 01:08:16.920 --> 01:08:21.399 billion dollars. We've printed did forty billion or whatever, forty 1243 01:08:21.720 --> 01:08:25.119 billion dollar bond. We've printed that money. So now you 1244 01:08:25.359 --> 01:08:28.720 is printing nira to pay back n ira. If you 1245 01:08:28.760 --> 01:08:32.760 look at the budget, forty five percent of board is 1246 01:08:32.800 --> 01:08:36.960 going to debt servicing. So if you pay the debt 1247 01:08:37.720 --> 01:08:42.239 and you pay salaries, the entire budget is gone. We 1248 01:08:42.359 --> 01:08:46.640 are borrowing to pay borrowing. We are borrowing to pay 1249 01:08:46.920 --> 01:08:50.520 salaries before you ever get to billion roots. But it's 1250 01:08:50.560 --> 01:08:53.720 a big problem because what happens if tomorrow oil price 1251 01:08:53.800 --> 01:08:58.319 goes to fifty dollars in barrel, Now it's done. We're 1252 01:08:58.399 --> 01:09:02.520 done because at up even now that's why we're not now. 1253 01:09:02.720 --> 01:09:06.079 But god, this price, we can't pay the debt. But 1254 01:09:06.159 --> 01:09:11.359 that we have, especially urobod Andreas light as oil something 1255 01:09:11.399 --> 01:09:16.880 like that frecks. NNA is n NPC, but NNPC is 1256 01:09:16.920 --> 01:09:19.479 not in the budget. If you pull up the fat 1257 01:09:20.000 --> 01:09:22.119 but you don't see an NPC, You don't see it 1258 01:09:22.159 --> 01:09:24.199 in any state. But what do you see? An NPC's 1259 01:09:24.239 --> 01:09:28.159 in a softidy payment that you're paying. NNPC pay is subsidy. 1260 01:09:28.520 --> 01:09:31.159 But look at what is doing. NPS is also borrowing 1261 01:09:31.399 --> 01:09:36.159 dollars and using the collateral of the NIEUA and Ira 1262 01:09:37.279 --> 01:09:41.560 npiece revenues to pay. So NPC is borrowing. Nigeria is 1263 01:09:41.640 --> 01:09:46.439 borrowing in dollar nira. We borrowed two billion dollars in 1264 01:09:46.600 --> 01:09:52.359 December twenty twenty four to set this twenty twenty four budget, 1265 01:09:52.479 --> 01:09:56.720 not no typo. We're borrowing in December twenty four two 1266 01:09:56.840 --> 01:10:01.720 billion dollars to finance the twenty twenty four budget for 1267 01:10:01.880 --> 01:10:04.439 the big huge promise. As a matter of fact, is 1268 01:10:04.479 --> 01:10:09.279 the biggest of Nigeria today because if oil goes to 1269 01:10:10.000 --> 01:10:13.439 fifty because of battle, we're done for now. That's a 1270 01:10:13.520 --> 01:10:15.680 big risk. The only thing that gives me a bit 1271 01:10:15.760 --> 01:10:18.520 of confidence in Nigeria today is than go to a 1272 01:10:18.600 --> 01:10:24.239 refinery because as Dangote keeps on up, he can export 1273 01:10:24.399 --> 01:10:27.359 more products and gets more dollars into the country than 1274 01:10:27.760 --> 01:10:30.720 is a revenue source. I don't think he would budget. 1275 01:10:30.760 --> 01:10:34.119 Guys have and will have the ground so that they 1276 01:10:34.199 --> 01:10:36.479 might save the balance sheets, but I don't know how 1277 01:10:36.640 --> 01:10:40.079 much because I's fighting him, you know. So when he 1278 01:10:40.199 --> 01:10:42.920 exports his byproducts, that's the new revenue stream for Nigeria. 1279 01:10:42.960 --> 01:10:46.399 He's already the largest non oil exporter with you real fertilizer. 1280 01:10:46.760 --> 01:10:49.680 Imagine what he starts to export those other byproducts, that's 1281 01:10:49.720 --> 01:10:51.960 going to be a big saving. So that's my answer 1282 01:10:52.039 --> 01:10:55.560 to you. Right, the biggest risk today in Nigeria is 1283 01:10:55.640 --> 01:10:59.199 the oil price no fall to fifty or sixty and 1284 01:10:59.319 --> 01:11:04.840 we cannot not money that not any enough to pay 1285 01:11:05.159 --> 01:11:13.039 salaries and police police. So lt that's the answer. It's 1286 01:11:13.039 --> 01:11:15.760 a big problem that the principal today. 1287 01:11:16.439 --> 01:11:18.880 And that brings me to my second and final question. 1288 01:11:19.199 --> 01:11:21.439 Thanks for answer the answer that you're provided. 1289 01:11:23.199 --> 01:11:25.479 Looking at the fact that you know the United States 1290 01:11:25.640 --> 01:11:26.680 is a. 1291 01:11:26.720 --> 01:11:29.159 New president is coming in your president that believes the 1292 01:11:29.319 --> 01:11:33.600 franking and standing our production of energy. 1293 01:11:34.000 --> 01:11:35.720 Right, that's crude all. 1294 01:11:38.439 --> 01:11:43.199 I believe this could impact the global oil market, which 1295 01:11:43.279 --> 01:11:46.479 could follow up bring down our process on the on 1296 01:11:46.560 --> 01:11:47.319 the global market. 1297 01:11:50.279 --> 01:11:52.399 I don't know if. 1298 01:11:53.720 --> 01:11:58.159 It is a wise idea now to invest in government 1299 01:11:58.279 --> 01:11:59.119 backed securities. 1300 01:11:59.199 --> 01:12:02.359 I mean my drank of packed securities, which honestly is 1301 01:12:02.560 --> 01:12:05.319 like a money printer looking at the interest rates. 1302 01:12:06.479 --> 01:12:12.000 So would you advise someone that is a innovement so 1303 01:12:12.159 --> 01:12:17.039 to say that's fit in the drum market? Would you 1304 01:12:17.159 --> 01:12:21.680 say the government backed securities would be a stable source 1305 01:12:22.159 --> 01:12:23.039 or a stable. 1306 01:12:22.760 --> 01:12:25.319 Investment or trustworthy investment. 1307 01:12:24.960 --> 01:12:28.520 For that So I should what you're asked investgation by 1308 01:12:28.560 --> 01:12:30.680 anan predocmentary. That's what you. 1309 01:12:32.359 --> 01:12:32.680 Accent. 1310 01:12:33.640 --> 01:12:35.239 I hear you, So look at it this way right there. 1311 01:12:35.399 --> 01:12:39.079 No again, I'm not giving you advice. There is no 1312 01:12:39.359 --> 01:12:44.720 good or bad investment. There's only an investment that marches objectives. Yes, 1313 01:12:44.880 --> 01:12:47.800 I saw that the risk free really doesn't. Invest in 1314 01:12:47.960 --> 01:12:52.079 Nigerian government bonds today for one year you're going to 1315 01:12:52.119 --> 01:12:55.600 get twenty nine percent risk free, which means you don't 1316 01:12:55.600 --> 01:12:59.840 take any risk. It will not default the bad default on. 1317 01:13:00.359 --> 01:13:03.079 You know why because they will prints pay. So if 1318 01:13:03.119 --> 01:13:06.680 you give Nigeria one nira, they will give you back 1319 01:13:06.760 --> 01:13:11.680 in one year one nira. Technico go risk free. Why 1320 01:13:11.720 --> 01:13:15.600 should I go and invest like a day comes he's doing? 1321 01:13:15.640 --> 01:13:18.119 Why should I buy the shop when I can get 1322 01:13:18.159 --> 01:13:22.399 ten too percent? Niger Government risk free? So is paying 1323 01:13:22.439 --> 01:13:24.600 me more than banks on pay me. So it's a 1324 01:13:24.680 --> 01:13:27.680 big problem for the economy because if the government is 1325 01:13:27.760 --> 01:13:30.000 paying you more than banks, ever's gonna go to the government. 1326 01:13:30.000 --> 01:13:31.720 No one's gonna go to the Banks's amo's gonna create 1327 01:13:31.800 --> 01:13:34.880 jobs to the big, big, big problem. But it's the 1328 01:13:35.039 --> 01:13:40.000 best investment today in Nigeria. That's the problem where else 1329 01:13:40.000 --> 01:13:44.159 would you invest. There is no investment today that is 1330 01:13:44.239 --> 01:13:48.800 regulated that is bus in inflation. Only the Nigeria stock 1331 01:13:48.920 --> 01:13:52.600 market as an index. It's busing inflation or a they 1332 01:13:52.680 --> 01:13:55.399 have particular individual stocks bused in inflation. But where else 1333 01:13:55.439 --> 01:13:58.000 do you invest? So the answer is to you if 1334 01:13:58.079 --> 01:14:01.279 you want to do bones and money market, that is 1335 01:14:01.319 --> 01:14:05.800 your mind is looking at short ten returns, short term returns. 1336 01:14:06.079 --> 01:14:08.439 You can't find a short tail retails in nature that 1337 01:14:08.600 --> 01:14:11.800 is safer and the venog bombs that is gonna be 1338 01:14:11.960 --> 01:14:15.079 with nine percent none, So the size if you're looking 1339 01:14:15.119 --> 01:14:19.239 for a short term that's your best bet. If you 1340 01:14:19.319 --> 01:14:22.159 have but you don't have fifty million after the big boys, 1341 01:14:22.720 --> 01:14:25.520 your your best is going to be in federal sibbings 1342 01:14:25.640 --> 01:14:28.560 bombs that are two and three years and pay you 1343 01:14:28.680 --> 01:14:32.279 like eleven percent, and I think it's ten percent because 1344 01:14:32.319 --> 01:14:35.000 you have maybe five k. But if you have fifty million, 1345 01:14:35.159 --> 01:14:37.560 your best bus is pedogment bombs because that's the per 1346 01:14:37.600 --> 01:14:41.680 saved best investment. I'm sorry to say, but it's a 1347 01:14:41.720 --> 01:14:43.760 big problem. It's not it's not a good thing. It's 1348 01:14:43.840 --> 01:14:47.840 bad to ten percent. So you take it if that's 1349 01:14:47.920 --> 01:14:50.199 your If you have a short investment and you don't 1350 01:14:50.279 --> 01:14:55.239 want to risk that's your best investment. All right, You're 1351 01:14:55.239 --> 01:15:01.319 welcome an any time. Let's get tech tech and solar energy. Pious. 1352 01:15:02.640 --> 01:15:04.119 Good evening, mister Cable. 1353 01:15:04.560 --> 01:15:06.920 I'm so glad to be here. Thank you so much 1354 01:15:07.000 --> 01:15:07.560 for what you do. 1355 01:15:08.039 --> 01:15:12.720 Mine is a very simple one. I was need class 1356 01:15:12.880 --> 01:15:14.239 like this or what's up? 1357 01:15:15.520 --> 01:15:20.960 And the person was talking to us about investments, especially 1358 01:15:21.119 --> 01:15:24.920 fixed the posit and that I want to mysty I'm 1359 01:15:25.000 --> 01:15:28.439 thinking of doing something in that area we are I'm 1360 01:15:28.520 --> 01:15:32.479 looking at is I'm thinking of using because I've looked 1361 01:15:32.600 --> 01:15:37.920 at the impest one is the target sven is fifteen 1362 01:15:37.960 --> 01:15:41.119 percent and they fixed. 1363 01:15:44.079 --> 01:15:44.840 Ahead. What's the question? 1364 01:15:46.119 --> 01:15:49.600 Okay, my question is this the person who the somebody 1365 01:15:49.680 --> 01:15:53.079 told me that if any bank or whatever is giving 1366 01:15:53.119 --> 01:15:57.680 you physical is more than five percent, and the usually 1367 01:15:57.720 --> 01:15:58.880 runs fig. 1368 01:15:59.239 --> 01:15:59.920 So I'm seeing this. 1369 01:16:01.920 --> 01:16:04.359 And I'm scared. I don't know if I should do it. 1370 01:16:05.640 --> 01:16:07.880 So what I would say is, if you want to 1371 01:16:07.960 --> 01:16:12.640 invest online, I think only only uses SEX registered platforms, 1372 01:16:12.680 --> 01:16:14.920 and I'm going to just share a tweet now on 1373 01:16:15.119 --> 01:16:20.359 the SEC registered investment apps. Now, I'm not saying that 1374 01:16:20.520 --> 01:16:23.560 the other ones are not safe. I'm just saying this. 1375 01:16:23.640 --> 01:16:27.239 At the second registered ones sex has fund rested, so 1376 01:16:28.439 --> 01:16:31.079 fully registered. I mean Big Invests has a license right 1377 01:16:31.159 --> 01:16:34.119 and all that only in put your money in the 1378 01:16:34.239 --> 01:16:37.319 world that have a license. I'm the guys, so I'm 1379 01:16:37.359 --> 01:16:39.960 going to go towards sex. That's what I'm gonna just 1380 01:16:40.039 --> 01:16:44.479 share tweet. I think it's bamboo, just share it now, Bamboo, 1381 01:16:45.399 --> 01:16:51.760 it is registered, Bamboo, Bamboo is there. Then we have 1382 01:16:52.119 --> 01:16:56.439 howy wise, so let's put calorie wise. 1383 01:16:57.880 --> 01:16:58.640 The o W. 1384 01:17:00.800 --> 01:17:05.920 Why your carry your eyes? Then we have shacker. Shacker 1385 01:17:06.000 --> 01:17:09.680 has been bought by I think Rise, so put shocker 1386 01:17:09.800 --> 01:17:14.600 there c h ak so this I don't say the 1387 01:17:14.680 --> 01:17:19.439 ones shacker. How do you spell shacker? Who knows your chacker? Dogs? 1388 01:17:19.800 --> 01:17:22.800 So I don't share this. This one's are the second registered. 1389 01:17:22.920 --> 01:17:26.319 Once I know if I've missed anyone Perstan the DM added, 1390 01:17:26.760 --> 01:17:29.600 so number one only goes through these sepects. That apps 1391 01:17:29.960 --> 01:17:33.840 number two, my brother. Interest rates go are revolved and 1392 01:17:34.319 --> 01:17:37.800 in what we call the m p R, m PR 1393 01:17:37.880 --> 01:17:42.159 and monetary policy series is almost twenty five percent. So 1394 01:17:42.399 --> 01:17:46.239 banks paying you five percent are cheating. You should put 1395 01:17:46.279 --> 01:17:48.319 more in any bank paying you five percent, but you 1396 01:17:48.359 --> 01:17:49.960 should not put on in the bank paying you one 1397 01:17:50.079 --> 01:17:53.000 hundred percent, I'll be worried. So I would say, like 1398 01:17:53.119 --> 01:17:58.279 I said, the father is paying you. You can get 1399 01:17:58.479 --> 01:18:01.239 many guys that can pay you legally more than that 1400 01:18:01.720 --> 01:18:04.359 we had. This guy is from most of your name. 1401 01:18:04.479 --> 01:18:06.840 I do want the space pain almost percent. If you 1402 01:18:07.359 --> 01:18:09.760 for the first time, let me get their name for you. 1403 01:18:09.920 --> 01:18:12.640 Banking Bankly, I know if you are here. I shared 1404 01:18:12.720 --> 01:18:16.760 Bankly a long time ago, were here they were as 1405 01:18:16.800 --> 01:18:20.319 almost percent. So if you go go bankly, they are 1406 01:18:20.399 --> 01:18:24.079 they're micro fenance bank right. They also have high interest. 1407 01:18:24.239 --> 01:18:26.239 You can also go with them as well. So there 1408 01:18:26.359 --> 01:18:28.680 lots of legal folks that can pay you more than 1409 01:18:28.720 --> 01:18:31.840 that five percent. That that's why I would go to. 1410 01:18:32.000 --> 01:18:35.439 But again remember this is savings is short term. I 1411 01:18:35.479 --> 01:18:37.479 don't think to put money in the Civies account for 1412 01:18:37.800 --> 01:18:40.720 a for a longer term because it's fixed income. It's 1413 01:18:40.760 --> 01:18:44.159 not basic inflation. It's a short term exposure. Did you 1414 01:18:44.239 --> 01:18:45.399 have a flow before on? 1415 01:18:48.520 --> 01:18:50.520 I'm okay, I'm okay, you're good for sure? 1416 01:18:50.800 --> 01:18:55.279 Perfect, sure, perfect, that's a mazing no Mas, what's up man. 1417 01:19:03.279 --> 01:19:10.760 London clay As. 1418 01:19:21.520 --> 01:19:24.760 It was system system? 1419 01:19:25.520 --> 01:19:36.359 I wonder really wise, like Jordan and best reforms doesn't 1420 01:19:36.359 --> 01:19:36.800 make sense. 1421 01:19:37.760 --> 01:19:41.920 Simple outside is no is no. So so if you 1422 01:19:42.840 --> 01:19:45.720 if you are in the West and you are not 1423 01:19:46.079 --> 01:19:49.039 you're your student, or you don't have a job, get 1424 01:19:49.199 --> 01:19:52.119 a credit card, not because you want to spend, but 1425 01:19:52.239 --> 01:19:54.880 because you want to build your credit score. That's the 1426 01:19:55.119 --> 01:19:57.760 only reason you should get a credit card. So I 1427 01:19:57.800 --> 01:20:00.720 would get a credit card that gives me points. So 1428 01:20:00.840 --> 01:20:03.600 for instance, if I spend the dollar, I get points. 1429 01:20:03.840 --> 01:20:06.199 Either it can be cash or it can be mild. 1430 01:20:06.560 --> 01:20:09.880 I would use that credit card, not my debit card. 1431 01:20:10.239 --> 01:20:12.279 So I build up a lot of points and I 1432 01:20:12.439 --> 01:20:14.520 use the point for free. But I'm only doing that 1433 01:20:14.720 --> 01:20:18.479 because I want to build my credit history, not to 1434 01:20:18.560 --> 01:20:21.560 take a credit to credit loan. Should never use a 1435 01:20:21.640 --> 01:20:25.600 credit card to invest because what happens in the first 1436 01:20:25.600 --> 01:20:27.760 of all credit cards and a stupid you will not 1437 01:20:28.000 --> 01:20:31.960 see any investments in America that will pay you more 1438 01:20:32.720 --> 01:20:34.920 than a credit card. No that will pay you. So 1439 01:20:35.119 --> 01:20:38.680 you can't take credit card money and investigators that make 1440 01:20:38.720 --> 01:20:41.359 more money. What people try to do is because credit 1441 01:20:41.439 --> 01:20:44.640 cards don't charge you for the first thirty days, So 1442 01:20:44.720 --> 01:20:48.239 people try to sneak and use the credit card, do 1443 01:20:48.479 --> 01:20:51.600 business for thirty days and pay back without paying interest. 1444 01:20:51.880 --> 01:20:53.800 But what if you feel, and you didn't have to 1445 01:20:53.880 --> 01:20:56.560 pay interest, you've lost all your money because credit cards 1446 01:20:56.600 --> 01:21:00.760 are the most expensive form of borrowing America, almost ten 1447 01:21:00.960 --> 01:21:03.720 percent percent. So it's not a good idea. So if 1448 01:21:03.760 --> 01:21:06.399 you're a younger guy, you're in school, you don't have 1449 01:21:06.520 --> 01:21:08.760 the means to pay off your credit card every month. 1450 01:21:09.159 --> 01:21:12.560 Get the credit card, but don't keep a balance on it. 1451 01:21:12.880 --> 01:21:15.800 Get it for the points, get it for the credit history. 1452 01:21:16.159 --> 01:21:18.439 Don't try to use a credit card to invest. That's 1453 01:21:18.439 --> 01:21:22.720 a simple and amazing thank you about so much perfect. 1454 01:21:22.960 --> 01:21:30.560 Let's getting trust in camp. Trust up, trust in camp. 1455 01:21:30.680 --> 01:21:38.800 You are alive, but you're not speaking ahead, thinks that. 1456 01:21:38.920 --> 01:21:40.960 Look mister Christ, mister Chris, how are you doing? So 1457 01:21:41.239 --> 01:21:42.359 let's mister Chris go ahead. 1458 01:21:43.319 --> 01:21:50.079 Yeah, I agree, I'm fine, Okay, I've been listening to you. 1459 01:21:50.239 --> 01:21:54.560 This is my first science speaking on the space. I'm 1460 01:21:54.760 --> 01:21:57.159 going to cross lood. So I don't really know what 1461 01:21:57.319 --> 01:22:00.479 to do at this point. I already have a lot 1462 01:22:00.560 --> 01:22:03.800 of stocks. I'm a business man. I have a business 1463 01:22:04.079 --> 01:22:08.520 that I'm doing commonly in an area. There is a 1464 01:22:08.600 --> 01:22:12.760 small business here. But this is fetching me a lot 1465 01:22:12.800 --> 01:22:16.680 of money in sta So I mean you're planning to 1466 01:22:18.159 --> 01:22:19.159 open another. 1467 01:22:20.880 --> 01:22:23.079 Business, another kind of business. 1468 01:22:23.119 --> 01:22:25.479 I'm that kind of business, of which I'm not even 1469 01:22:25.640 --> 01:22:29.159 I don't really have any knowledge about it, but at 1470 01:22:29.239 --> 01:22:31.359 least I have someone close to me who is going 1471 01:22:31.399 --> 01:22:34.720 no money in the business. So I don't really know 1472 01:22:34.920 --> 01:22:37.439 what to do, because you know, keep your money in 1473 01:22:37.479 --> 01:22:39.840 the bank. I don't think it's addressable, but I really 1474 01:22:39.960 --> 01:22:41.359 want I already need your advice. 1475 01:22:42.119 --> 01:22:44.000 I can't give you advice on what to do with 1476 01:22:44.079 --> 01:22:46.279 your money. It's not possible and social. I don't know you. 1477 01:22:46.640 --> 01:22:49.399 I have a risk analysis on you. I can only 1478 01:22:49.439 --> 01:22:52.359 do that. I can hold on a mine. I can 1479 01:22:52.359 --> 01:22:55.479 only do that when I understand your objective is what 1480 01:22:55.640 --> 01:22:57.279 you want to do. I can give you advice. I 1481 01:22:57.399 --> 01:22:58.960 don't do that. You can send you a d M. 1482 01:22:59.079 --> 01:23:03.439 I will charge you whatever. I can't tell you what 1483 01:23:03.520 --> 01:23:05.520 to do your money. I'm not I can't give your advice, 1484 01:23:07.199 --> 01:23:15.680 so you can't do that round. Yeah, perfectly, ad. 1485 01:23:17.119 --> 01:23:18.680 I wanted to ask you something. 1486 01:23:18.760 --> 01:23:21.039 I was thinking of starting a farm. 1487 01:23:20.880 --> 01:23:22.279 Business by nesty or. 1488 01:23:24.239 --> 01:23:28.000 Sellar is not up to the minimum, which and I 1489 01:23:28.079 --> 01:23:30.119 don't know if there's a way I could go into. 1490 01:23:30.039 --> 01:23:34.680 It and still go ahead with my own normal feeding 1491 01:23:34.720 --> 01:23:35.680 and all this stuff like that. 1492 01:23:36.600 --> 01:23:39.159 Do you think it's possible? How would you buy the fertilizer? 1493 01:23:42.359 --> 01:23:43.119 I was thinking of. 1494 01:23:43.319 --> 01:23:49.920 Joseph making use of manual. Mean's like this local fit from. 1495 01:23:51.439 --> 01:23:53.680 She's from chick Let me, let me, let me just, 1496 01:23:54.000 --> 01:23:55.560 let me just I don't want to be stand But 1497 01:23:55.720 --> 01:23:58.359 if if you don't have capital, you can't go into business. 1498 01:23:58.439 --> 01:24:02.800 It's not possible because your business its capital. So you can. 1499 01:24:02.960 --> 01:24:05.439 You can start off a small guardian farm, you know, 1500 01:24:05.720 --> 01:24:09.199 for yourself. But I don't see how you can do business. 1501 01:24:09.520 --> 01:24:13.119 Family is a business, right. If you found chickens that 1502 01:24:13.279 --> 01:24:18.159 you have the eggs, how will you get those eggs 1503 01:24:18.199 --> 01:24:21.199 to market? You know? If you need that less of 1504 01:24:21.279 --> 01:24:24.319 how you fund it. Perhaps you start up a small farm, 1505 01:24:25.000 --> 01:24:27.880 then get family and friends to invest in. You get 1506 01:24:28.119 --> 01:24:30.399 one small shop you can you can sell them to 1507 01:24:30.520 --> 01:24:33.199 produce and say, okay, hey this small shop. If you 1508 01:24:33.279 --> 01:24:35.399 guys pay me in advance, I can supply you with 1509 01:24:35.520 --> 01:24:38.920 tomato things like that. That's how you want to start small? 1510 01:24:39.279 --> 01:24:45.319 You know, what do you want to grow? Okay? So 1511 01:24:45.359 --> 01:24:47.279 if you're gonna grow cassava, who are you where are 1512 01:24:47.279 --> 01:24:48.920 you going to sell the cassava too? Do you have 1513 01:24:49.039 --> 01:24:55.119 an off taker? It can be kind of now it 1514 01:24:55.199 --> 01:24:57.199 can't have to be able to have write a business plan. 1515 01:24:57.279 --> 01:24:59.800 I would say, if I have cassava, this is my 1516 01:25:00.039 --> 01:25:03.439 off taker. Because your off taker is your revenue. Right, 1517 01:25:03.520 --> 01:25:05.319 So if you don't have all these things, you've got 1518 01:25:05.399 --> 01:25:08.479 to write it down on a business plan. Say if 1519 01:25:08.520 --> 01:25:11.319 I'm going to found CASA, I will get to Sutons. 1520 01:25:11.600 --> 01:25:15.640 I will sell to this person that out there is 1521 01:25:15.720 --> 01:25:17.680 your main source of revenue. If you come to me 1522 01:25:17.760 --> 01:25:20.279 and say, hey, Calu, I have an off taker, but 1523 01:25:20.439 --> 01:25:22.920 it pays me after ninety days, but not need cash. 1524 01:25:23.439 --> 01:25:27.039 Hey now we have a promo, can solve together. But 1525 01:25:27.199 --> 01:25:30.800 you have to show you know, walk to show your workings. 1526 01:25:31.640 --> 01:25:34.800 I'm doing this. I need to expand, but you do 1527 01:25:34.800 --> 01:25:38.880 you understand where I'm coming from. You can't this a business. 1528 01:25:39.079 --> 01:25:42.640 I would say start small, lend the ropes, go and 1529 01:25:42.720 --> 01:25:44.760 work for someone and learn what they do, how they 1530 01:25:44.840 --> 01:25:46.880 do and how they save money. Then come on, come on, 1531 01:25:47.039 --> 01:25:49.840 do do it on your own plot. You do small, 1532 01:25:50.479 --> 01:25:52.520 you will have a guy in the village in the 1533 01:25:52.640 --> 01:25:57.399 town that has one hundred k is not using He 1534 01:25:57.600 --> 01:26:00.600 gives you a hundred key invest in your farm. You 1535 01:26:00.720 --> 01:26:02.840 give you back. You will tell his friend you'll give 1536 01:26:02.880 --> 01:26:05.359 you on that home break, you invest in your farm, 1537 01:26:05.479 --> 01:26:07.439 you give them back. That's how you do it. Family 1538 01:26:07.600 --> 01:26:10.680 and friends. You can be talking about the business for now. 1539 01:26:11.439 --> 01:26:15.920 Start small family and friends, grow your farm, get them 1540 01:26:16.000 --> 01:26:18.399 off the start like that, have you. It has to 1541 01:26:18.439 --> 01:26:21.119 be a process. You get what I'm saying. It has 1542 01:26:21.159 --> 01:26:25.159 got to be a process. Yeah. And so also another 1543 01:26:25.359 --> 01:26:28.600 question to ask you, I've been learned about. 1544 01:26:28.319 --> 01:26:31.600 You in the for like a world. 1545 01:26:32.680 --> 01:26:36.319 I don't have large capital and so I'm good at it. 1546 01:26:36.560 --> 01:26:38.920 More I don't know, is it anyway I could use 1547 01:26:39.000 --> 01:26:42.199 my skill to get phone for myself? 1548 01:26:43.199 --> 01:26:45.680 Not really, I know, like how we started off this 1549 01:26:46.079 --> 01:26:49.239 this space and also the other space of emphasized that 1550 01:26:50.000 --> 01:26:52.840 investing is not the first or second thing that you do. 1551 01:26:53.560 --> 01:26:56.920 If you write up a budget and your income cannot 1552 01:26:57.000 --> 01:27:01.119 cover your your discussion expenses should not be investing. If 1553 01:27:01.199 --> 01:27:03.760 you drop up a budget, the very very first thing 1554 01:27:03.760 --> 01:27:06.760 you focus on is an emergency fund. We won't talk 1555 01:27:06.880 --> 01:27:10.439 about buying insurance before you talk about the investing. You've 1556 01:27:10.479 --> 01:27:14.039 got to sort of do those ones first. If you 1557 01:27:14.119 --> 01:27:17.600 are single, you don't have dependence, you need insurance. But 1558 01:27:17.760 --> 01:27:21.600 if you are single living in Nigeria. Your emergency fund 1559 01:27:21.720 --> 01:27:24.479 is more important than even your investment account. There's no 1560 01:27:24.600 --> 01:27:26.640 point by an investment that you're going to sell tomorrow 1561 01:27:26.720 --> 01:27:30.159 to pay for diesel. So I would say focus on 1562 01:27:30.279 --> 01:27:35.439 the on learning, build an emergency fund, growing your income. 1563 01:27:36.600 --> 01:27:39.119 The most the most viable investments you can do right 1564 01:27:39.159 --> 01:27:41.399 now side is you take your income and learn a 1565 01:27:41.439 --> 01:27:46.239 skill and increase your income and buying stock. You are 1566 01:27:46.319 --> 01:27:50.119 in stock, buy stocking yourself, go and lends on that 1567 01:27:50.239 --> 01:27:53.479 that doubles your income. Let a skill that will double 1568 01:27:53.560 --> 01:27:55.960 your income. Then that way is easier for you to 1569 01:27:56.079 --> 01:27:57.760 invest right. 1570 01:27:58.680 --> 01:27:59.880 Thank you. 1571 01:28:01.279 --> 01:28:11.359 That is asking a question on dmnswer At what point 1572 01:28:11.479 --> 01:28:15.319 can someone say they've invested in themselves enough and they 1573 01:28:15.399 --> 01:28:18.439 have enough endenes to start investing in equities. I'm not 1574 01:28:18.479 --> 01:28:21.880 sure what the question you're asking. Investing in equities is 1575 01:28:21.960 --> 01:28:27.279 investing in yourself and so when you want to invest, 1576 01:28:27.359 --> 01:28:30.560 you want to answer this question why am I investing? 1577 01:28:31.279 --> 01:28:33.399 Usually the answer is that you want to invest to 1578 01:28:33.479 --> 01:28:36.800 meet an objective. The easiest objective that you want to retire. 1579 01:28:37.520 --> 01:28:41.039 If you want to retire, your objective then becomes you 1580 01:28:41.159 --> 01:28:45.479 want to make passive income that can pay your expenses. 1581 01:28:45.880 --> 01:28:49.119 When you invest in equities, you are taking your active 1582 01:28:49.199 --> 01:28:52.920 income to do an investment that you hope would pay 1583 01:28:53.000 --> 01:28:56.760 you passive income. Whether it's in a dispera or in Nigeria. 1584 01:28:56.880 --> 01:29:01.800 Your objective is to convert active in come to passive income. 1585 01:29:02.119 --> 01:29:03.840 Look at the list of the richards men in the world. 1586 01:29:04.159 --> 01:29:07.479 All of them make money from passive income. From Eland 1587 01:29:07.600 --> 01:29:12.000 Musque to the guys are on Google to Bill Gates, 1588 01:29:12.079 --> 01:29:16.800 they all make money from passive income, not from active income. 1589 01:29:17.159 --> 01:29:19.279 Bill Gates does not go to any office to walk 1590 01:29:19.319 --> 01:29:22.079 to get paid. Eland must not go to any office 1591 01:29:22.159 --> 01:29:24.039 to work to get paid. They're making that money from 1592 01:29:24.159 --> 01:29:28.159 equity holdings passive income, so that you should copy them. 1593 01:29:28.520 --> 01:29:31.920 So that's your objective. Convert to your active income, whether 1594 01:29:32.079 --> 01:29:35.680 in Nigeria or America, to passive income. Then a passive 1595 01:29:35.720 --> 01:29:40.159 income then pays you whenever your passive income can pay 1596 01:29:40.239 --> 01:29:43.640 your expenses. That's when you have arrived. Right, let's get 1597 01:29:43.800 --> 01:29:51.199 future roller, future native professor, how you future native roler 1598 01:29:51.439 --> 01:30:00.399 highs words and can go ahead? Okay, so thank you 1599 01:30:00.520 --> 01:30:05.079 for the opportunity to come up here. Quick question here, 1600 01:30:06.079 --> 01:30:11.239 I want to ask, amongst the top us company's stocks, 1601 01:30:11.439 --> 01:30:13.960 which I would you advise to buy. 1602 01:30:14.199 --> 01:30:15.840 And keep on a long run. 1603 01:30:16.720 --> 01:30:17.560 Why am I asking this? 1604 01:30:17.800 --> 01:30:17.960 Is this? 1605 01:30:18.359 --> 01:30:24.760 I bought Nvidia this year for I bought it like 1606 01:30:25.119 --> 01:30:29.720 august Os for like four hundred dollars, which is. 1607 01:30:29.760 --> 01:30:32.319 Like about six hundred or sixty two kers at the time. 1608 01:30:33.960 --> 01:30:37.359 Someone advice that actually does by the hospitals and Strop 1609 01:30:37.520 --> 01:30:42.159 is coming in February whichever next year, and I bought it, 1610 01:30:42.399 --> 01:30:47.520 but I've lost like forty two dollars already on it. 1611 01:30:47.640 --> 01:30:50.520 So I have about like three seventy something or. 1612 01:30:50.520 --> 01:30:55.520 Three sixty something or their only platform, and I'll be 1613 01:30:55.600 --> 01:30:59.000 following like trains on one app like that. And I'm 1614 01:30:59.039 --> 01:31:02.520 saying that is a Testler that is kind of gaining 1615 01:31:02.600 --> 01:31:07.319 momentum now and their decrees have not really like being more. 1616 01:31:07.479 --> 01:31:14.359 So I'm looking at either convert my envydea and add 1617 01:31:14.439 --> 01:31:19.359 more money to buy like one million Testler and see 1618 01:31:19.399 --> 01:31:21.800 if I can hold for a year. But I don't 1619 01:31:21.840 --> 01:31:24.840 want in situation where I'll buy another one and I'll 1620 01:31:24.920 --> 01:31:29.079 just continue your mom, you know what we want? You 1621 01:31:29.159 --> 01:31:33.159 know what? I like your question because because it allows 1622 01:31:33.159 --> 01:31:36.079 you to then talk about what you're doing wrong. Sorry, 1623 01:31:36.079 --> 01:31:38.279 I don't to you, what are you doing wrong? You 1624 01:31:38.359 --> 01:31:41.920 are turning. You are buying an investment that you should 1625 01:31:42.000 --> 01:31:45.199 hold and forget about for the next two three years. 1626 01:31:45.279 --> 01:31:47.840 You are buying it to sell to trade. You are 1627 01:31:47.960 --> 01:31:51.680 making more money for your stockbroker than for yourself. When 1628 01:31:51.760 --> 01:31:56.079 you buy stocks, your media you're holding Peers should be 1629 01:31:56.640 --> 01:32:01.279 indefinite or maybe two or five years. And Nvidia was 1630 01:32:01.399 --> 01:32:03.279 up and down, up and down, up and down. But 1631 01:32:03.359 --> 01:32:06.640 I challenge you go back ten years and plot your graph. 1632 01:32:07.439 --> 01:32:10.560 It's in Vidia up or down. It's up. If you 1633 01:32:10.680 --> 01:32:13.720 sell today and buy test line it, you know invest 1634 01:32:13.760 --> 01:32:15.920 It's like you know how legals ghost noise. You know 1635 01:32:15.960 --> 01:32:18.600 how legals ghost noise. You are on one lane, the 1636 01:32:18.720 --> 01:32:21.159 linit on your right hand side starts to move, so 1637 01:32:21.279 --> 01:32:23.359 you leave your lane and go to that left hands. 1638 01:32:23.760 --> 01:32:25.439 So as leave your lay, your list has to move. 1639 01:32:25.920 --> 01:32:27.760 Then you want to rush back to your lane. All 1640 01:32:27.800 --> 01:32:30.960 that going back and forth, you're wasting fuel. But if 1641 01:32:31.000 --> 01:32:33.399 you stay on Tendmi language, it's no how you won't 1642 01:32:33.439 --> 01:32:36.159 get up the Tamil language. All the cast will just 1643 01:32:36.239 --> 01:32:38.319 keep on moving forward. The point I make is that 1644 01:32:38.439 --> 01:32:42.840 binancet binance is treading, is churning. You are paying brockage fees. 1645 01:32:42.920 --> 01:32:45.720 I only make you're not getting the advantage of equities, 1646 01:32:46.119 --> 01:32:52.039 the advantage of equities that you can buy, hold and compound. 1647 01:32:52.399 --> 01:32:54.720 If you can't stay in the EXTRAUS market, then don't 1648 01:32:54.760 --> 01:32:57.239 don't go in there. I don't go in there to 1649 01:32:58.119 --> 01:33:01.479 buy in VideA. You if you want to buy a company, 1650 01:33:01.600 --> 01:33:04.359 only two things matter to you. Is this company going 1651 01:33:04.399 --> 01:33:06.319 to be around for the next ten years? I would 1652 01:33:06.439 --> 01:33:09.399 make a profit for me. Do you believe in Nvidia 1653 01:33:09.520 --> 01:33:11.880 will go away in ten years? That's the question. If 1654 01:33:11.960 --> 01:33:14.000 the answer is it will not go away, then why 1655 01:33:14.000 --> 01:33:17.119 are you selling? Maybe with your money there? Why are 1656 01:33:17.159 --> 01:33:19.239 you selling it? If you think Tesla will not go 1657 01:33:19.399 --> 01:33:21.600 in ten years? Okay, get me money and buy Tesla. 1658 01:33:22.079 --> 01:33:24.720 But when you buy, when you buy sell, buy self, 1659 01:33:24.760 --> 01:33:28.079 you are making a loss because you are paying commission 1660 01:33:28.199 --> 01:33:31.039 fees from your principal. So it goes back to your 1661 01:33:31.079 --> 01:33:34.319 first question, which company should you buy? Why not buy 1662 01:33:34.399 --> 01:33:37.920 all of them? Why not buy the index? If you 1663 01:33:38.000 --> 01:33:41.000 buy the index, you're going to buy Nvidia, test Man 1664 01:33:41.159 --> 01:33:44.159 or them altogether at once because you don't have the 1665 01:33:44.199 --> 01:33:46.439 money to trade. But if you want to buy the 1666 01:33:46.600 --> 01:33:48.640 video dog, he has to go back to why are 1667 01:33:48.680 --> 01:33:51.680 you investing? If you're a trader, no problem. You can 1668 01:33:51.760 --> 01:33:53.960 do this buying and selling, but you need capital to trade. 1669 01:33:54.199 --> 01:33:57.720 Don the trader then just stay locked into the market, 1670 01:33:58.239 --> 01:34:00.680 or buy the ETA that was finer. It's the long 1671 01:34:00.720 --> 01:34:03.800 term truck. Can you get where I'm coming from? I 1672 01:34:03.880 --> 01:34:08.359 think you're doing. I get you where you're coming from. 1673 01:34:08.800 --> 01:34:09.600 I'm not a trader. 1674 01:34:09.800 --> 01:34:14.199 I just buy and leave it there. But I'm asking 1675 01:34:14.319 --> 01:34:17.760 is this now? I have another money to buy and 1676 01:34:18.119 --> 01:34:23.680 I'm losing money on very day? So when did you 1677 01:34:23.920 --> 01:34:26.079 When did you buy in Vidia? When did you buy it? 1678 01:34:26.239 --> 01:34:29.560 I want the Vida in August? That's just yesterday. Bro 1679 01:34:31.720 --> 01:34:34.439 Boffett has bought shares for forty years. Yes, and so 1680 01:34:35.079 --> 01:34:38.359 you bought in augustly getting worried. So the markets is 1681 01:34:38.479 --> 01:34:42.159 not for a short term, right, What did you hold 1682 01:34:42.199 --> 01:34:44.000 for a year. I'm not telling you what I's good, 1683 01:34:44.239 --> 01:34:47.159 but I'm saying it's not a market where you're buying August. Answer. 1684 01:34:47.239 --> 01:34:50.520 You just said a trader. So the question for you 1685 01:34:50.600 --> 01:34:54.079 is this, do you know the price dings ratio for 1686 01:34:54.199 --> 01:34:56.000 the Vidia? Do you know? Do you know what that 1687 01:34:56.159 --> 01:35:02.199 number is? I'm just I've been reading, but I don't. Okay, 1688 01:35:02.319 --> 01:35:04.279 So you need to have data to back up your 1689 01:35:04.600 --> 01:35:06.960 your condition. If you want to sell, why you're selling 1690 01:35:07.199 --> 01:35:11.159 when in video sales for in the next quarter. I'm 1691 01:35:11.199 --> 01:35:13.800 not even saying okay, so I mean, I'm not saying 1692 01:35:13.800 --> 01:35:16.560 you should hold bios. I'm saying you want to have 1693 01:35:16.720 --> 01:35:19.520 a reason, if on the entary reason to sell over 1694 01:35:19.600 --> 01:35:24.039 by the best predictor of the stock price is future endings. 1695 01:35:24.479 --> 01:35:26.239 So the question you want to ask is do you 1696 01:35:26.359 --> 01:35:28.960 think in video's future and it's gonna go up or down, 1697 01:35:29.319 --> 01:35:32.560 it's gonna go up, Why are you selling it's gonna 1698 01:35:32.600 --> 01:35:35.359 go down? Okay, So you want to take long term 1699 01:35:35.399 --> 01:35:42.119 if if you want to short term fixed income, let 1700 01:35:42.199 --> 01:35:57.159 me get sorry about shirt rag shtrack's shirt rack shirt Drag. Okay, 1701 01:35:57.840 --> 01:36:00.199 oh bd o bd please high. 1702 01:36:03.520 --> 01:36:07.840 Yes sounding word, thank you, thank you for the opportunity. Yeah. Well, 1703 01:36:09.079 --> 01:36:10.680 not to take your time, because. 1704 01:36:10.399 --> 01:36:12.600 I think one of the things that I wanted to 1705 01:36:12.720 --> 01:36:17.760 ask you already answered when you responded to someone you know, 1706 01:36:17.920 --> 01:36:19.439 I was going to I've been following you for a 1707 01:36:19.560 --> 01:36:21.640 very long time point your book. 1708 01:36:21.920 --> 01:36:25.279 I've read through that book, you know, but I still wanted. 1709 01:36:25.119 --> 01:36:27.680 To you know, Okay, chapter. 1710 01:36:30.439 --> 01:36:31.520 Now, okay, so. 1711 01:36:33.520 --> 01:36:38.119 Where you talked about equities, you know that chapter where 1712 01:36:38.159 --> 01:36:41.840 you talked about ecuities and stocks, that was where you know, 1713 01:36:41.960 --> 01:36:44.760 I concentrated a lot more. But other than that, the 1714 01:36:44.880 --> 01:36:48.800 other places, you know, you made some really good points as. 1715 01:36:48.760 --> 01:36:49.600 Well, you know. 1716 01:36:50.159 --> 01:36:52.239 And I think one of the things the last questioning 1717 01:36:52.359 --> 01:36:54.560 you just answered. I was listening to you as I 1718 01:36:55.560 --> 01:36:59.520 and I'm remembering you know, the place where you really 1719 01:36:59.640 --> 01:37:03.760 take time and detailed disual prize, any ratios you know 1720 01:37:03.920 --> 01:37:07.680 on stocks and how to hold what you need to. Yeah, 1721 01:37:07.800 --> 01:37:11.279 So I think for me, I wanted to ask you 1722 01:37:11.479 --> 01:37:14.680 someone wanted to coss up with you. How do we 1723 01:37:14.840 --> 01:37:15.239 go about? 1724 01:37:15.279 --> 01:37:18.760 Easy to send your emails? Send you send me a DM. 1725 01:37:19.439 --> 01:37:22.680 I was just for free unless it's a big yeah. Sure, 1726 01:37:22.880 --> 01:37:25.680 And I have guys that I work with. I can 1727 01:37:25.800 --> 01:37:28.680 send to them, but they're send me something more complicated. 1728 01:37:29.000 --> 01:37:32.439 That's fine, all right, all right, Yeah, thank you very much. 1729 01:37:32.760 --> 01:37:35.680 Welcome, Thanks, thanks for buying the book. Appreciated. Let's get 1730 01:37:35.760 --> 01:37:38.520 to man more score man. 1731 01:37:41.239 --> 01:37:43.960 Hello, and actually this is my first time on your 1732 01:37:44.000 --> 01:37:47.359 space following. Yeah, but I've been following you on. 1733 01:37:47.439 --> 01:37:48.439 Twitter for some time. 1734 01:37:48.840 --> 01:37:51.199 Appreciate and I really enjoy what you do. 1735 01:37:51.359 --> 01:37:53.800 So my question is, but I think you already answered 1736 01:37:53.880 --> 01:37:56.239 it when while you were asking the other guys question, 1737 01:37:57.000 --> 01:38:01.880 Because during my initial stages of investing in stocks, I 1738 01:38:02.000 --> 01:38:05.920 really experienced towards the previous speaker. 1739 01:38:05.720 --> 01:38:10.159 Experience whether I was holding some companies for like, you know, 1740 01:38:10.319 --> 01:38:13.159 a period of time likes is a year, and at 1741 01:38:13.159 --> 01:38:14.560 the end of the day, I see. 1742 01:38:14.399 --> 01:38:17.439 That I'm down by at least thirty percent and all that, 1743 01:38:18.079 --> 01:38:21.920 And so my question is, so you've already answered, but it's. 1744 01:38:21.760 --> 01:38:24.640 Still saying, is it better investing. 1745 01:38:24.199 --> 01:38:27.359 In individual stocks or we should just go. 1746 01:38:27.439 --> 01:38:28.319 For the ETFs? 1747 01:38:29.000 --> 01:38:32.279 Like which one do you think is safer and gives 1748 01:38:32.560 --> 01:38:33.279 lower return? 1749 01:38:33.720 --> 01:38:39.960 Sorry sorry, lower risk and at least reasonable return without 1750 01:38:40.159 --> 01:38:43.039 risking a lots while investing in them. 1751 01:38:43.239 --> 01:38:46.079 Is the individual stocks or the ETFs? 1752 01:38:46.680 --> 01:38:50.199 So all things being equal, because the ets are a 1753 01:38:50.439 --> 01:38:55.680 basket of securities, there's more diversification. Look at it this way. 1754 01:38:56.039 --> 01:39:01.039 If I buy ten strikers and I buy one striker, 1755 01:39:02.199 --> 01:39:05.800 where is my risk spread out more? Out of the ten, 1756 01:39:06.119 --> 01:39:10.520 I might have eight flops, but one would be Chef Sheenko. 1757 01:39:11.039 --> 01:39:12.800 So I've made my you know, I'm okay with that. 1758 01:39:13.279 --> 01:39:16.640 But if I buy one striker and that striker flops 1759 01:39:16.760 --> 01:39:20.560 is gone. So it's just that way. An ETF is 1760 01:39:20.640 --> 01:39:25.880 a basket of securities. So because of that, it is 1761 01:39:26.560 --> 01:39:31.319 more specified than just buying the individual stock. That's how 1762 01:39:31.359 --> 01:39:35.319 we always go for index etears or mutual phones because 1763 01:39:35.319 --> 01:39:37.279 it dies as a fire. The cheaper price for you. 1764 01:39:37.720 --> 01:39:40.359 That's the first answer, right, But I can remember the 1765 01:39:40.479 --> 01:39:43.960 altimate answer is why are you buying? If I work 1766 01:39:44.079 --> 01:39:47.439 in company A and I see that company is just 1767 01:39:47.560 --> 01:39:51.000 making so much money, or I see down in Legos 1768 01:39:51.039 --> 01:39:53.359 and I see a particular let me say, let me 1769 01:39:53.560 --> 01:39:57.079 look for something like this. I see maybe tomato juice 1770 01:39:57.239 --> 01:40:00.920 coming to Nigeria, and everybody is buying tomato juice. People 1771 01:40:01.000 --> 01:40:03.680 are buying it left, right and center. I find out 1772 01:40:03.680 --> 01:40:06.279 that the tomato juice is being made by the company 1773 01:40:06.600 --> 01:40:11.079 in Ubi, also in Bousted from the tomato vegetos in Baudery. 1774 01:40:11.439 --> 01:40:13.399 I find that the company making tomato juice. What would 1775 01:40:13.399 --> 01:40:15.560 I do. I want to buy that stock because I 1776 01:40:15.840 --> 01:40:18.000 know that that comes going to make a lot of 1777 01:40:18.119 --> 01:40:21.560 money because people are buying that stock in labels. So 1778 01:40:21.760 --> 01:40:24.119 if I have information, I can buy it because we 1779 01:40:24.279 --> 01:40:27.479 just talk directly. But if I want to invest the 1780 01:40:27.680 --> 01:40:30.560 cheaper way in the way, of course, I'll go with 1781 01:40:30.640 --> 01:40:33.119 the eat right, that's basically how I'll do it. 1782 01:40:35.479 --> 01:40:37.720 Sense, Yeah, thank you very much for that. 1783 01:40:37.800 --> 01:40:41.720 Sorry, I still have another question now, and it's between 1784 01:40:41.960 --> 01:40:46.279 the US stock markets and the Nigerian stock market. Okay, 1785 01:40:46.319 --> 01:40:49.520 because recently, right now, I see that it seems like 1786 01:40:49.680 --> 01:40:54.319 Nigeria's stock market is really doing really really good, and like, 1787 01:40:54.439 --> 01:40:59.359 for example, I see something like transport transport going off 1788 01:40:59.439 --> 01:41:03.600 about plus six hundred this sear from February. 1789 01:41:04.119 --> 01:41:06.720 So would you think, between the US stock. 1790 01:41:06.560 --> 01:41:10.159 Market and the Nigeria stock market right now, which do 1791 01:41:10.279 --> 01:41:13.800 you think is actually like more profitable right now? 1792 01:41:14.399 --> 01:41:14.439 What? 1793 01:41:14.560 --> 01:41:16.479 The answer is already out there for US if you 1794 01:41:16.479 --> 01:41:18.960 look at the past ten years, the US stock market 1795 01:41:19.119 --> 01:41:22.439 has returned more in terms of return on the total 1796 01:41:23.279 --> 01:41:26.560 stock market in the if you're measuring the ETFs, the 1797 01:41:26.720 --> 01:41:29.520 US market over the last ten years has had the 1798 01:41:29.960 --> 01:41:36.239 highest return across the world if you're comparing with US equity, 1799 01:41:36.479 --> 01:41:42.560 So within Japanese equities, American UK properties, Colombian anything you 1800 01:41:42.640 --> 01:41:45.840 want to compare with, the American stock market have been 1801 01:41:45.880 --> 01:41:49.039 the best performer over a ten year period. So really 1802 01:41:49.039 --> 01:41:51.119 it goes down to you this as two different markets. 1803 01:41:51.399 --> 01:41:53.840 If you are buying the US market, you are exposing 1804 01:41:53.880 --> 01:41:58.640 yourself to dollar returns. If you buy Nigeria Nira returns 1805 01:41:58.720 --> 01:42:02.239 to the US economy nagen economy is your call. Where 1806 01:42:02.319 --> 01:42:03.800 do you want to be exposed to? Do you want 1807 01:42:03.800 --> 01:42:06.640 to be exposed to both? Fine, then you do an 1808 01:42:06.680 --> 01:42:10.039 allocation that's to be eighty twenty or forty sixty, whatever 1809 01:42:10.079 --> 01:42:12.640 I want to do. There is no best in investment everybay, 1810 01:42:12.680 --> 01:42:15.000 that's even over and over, there's no best in investment. 1811 01:42:15.079 --> 01:42:18.039 It's you have to invest according to what suits or 1812 01:42:18.119 --> 01:42:21.079 fit your profile. If you are thinking of moving to America, 1813 01:42:21.199 --> 01:42:23.319 of course I want to get exposed to America. If 1814 01:42:23.359 --> 01:42:25.760 you are in Nigerian and America, I think of coming 1815 01:42:25.880 --> 01:42:28.600 back to Nigeria in say twenty years. Of course you 1816 01:42:28.680 --> 01:42:31.439 want to invest Nagian equitis. This has to be based 1817 01:42:31.520 --> 01:42:35.720 on your objectives. But in terms of the actual numbers, 1818 01:42:35.800 --> 01:42:39.399 what the numbers tell us today? The US market has 1819 01:42:39.520 --> 01:42:43.199 beaten the Nigerian market and every other market over the 1820 01:42:43.319 --> 01:42:50.039 last ten years. Thank you very much for that. Thank you. 1821 01:42:52.199 --> 01:42:56.680 Let's get nerdy is nerdy z nerd on us call Zenal? 1822 01:42:57.279 --> 01:42:58.680 Yeah, all right, thank you? 1823 01:42:58.920 --> 01:43:03.920 Watch you can watch you the Yeah, yeah, So Elliott. 1824 01:43:03.560 --> 01:43:06.960 Is this year around April right, I think about on 1825 01:43:07.119 --> 01:43:10.079 wrecking now right, So I just felt like, OK, let 1826 01:43:10.159 --> 01:43:12.359 me get a stock. So I worked in Tesla, and 1827 01:43:13.000 --> 01:43:15.159 you have to be honest, I mean about right now, 1828 01:43:15.279 --> 01:43:19.279 maybe about one hundred and fifty percent returns. So at 1829 01:43:19.319 --> 01:43:22.800 some point I just felt like I did my come 1830 01:43:22.920 --> 01:43:25.880 to group and I was just because like I've always 1831 01:43:25.960 --> 01:43:28.520 tressed to rebuild my imagincy phone. 1832 01:43:28.600 --> 01:43:30.560 Right now I think maybe I have a few I 1833 01:43:30.680 --> 01:43:32.159 can I want to do this year. 1834 01:43:32.239 --> 01:43:36.560 What I feel like Esla has gone parabolic and maybe 1835 01:43:36.760 --> 01:43:38.880 just the way for the next talk speed. But I 1836 01:43:39.000 --> 01:43:42.520 think I've been looking up on to computer stock, maybe 1837 01:43:42.880 --> 01:43:45.920 stuck around AI. So I just wanted to get what 1838 01:43:46.079 --> 01:43:48.880 do you think about everything? You think I here to 1839 01:43:48.960 --> 01:43:52.600 stay going to computing stock and AI as well. 1840 01:43:53.079 --> 01:43:54.119 Just wanted to get your. 1841 01:43:54.000 --> 01:43:56.079 Take on that may really a little little things I 1842 01:43:56.119 --> 01:43:58.399 can put it a maybe put yeah. 1843 01:43:58.520 --> 01:44:01.239 Man, So you know this, I think when I is 1844 01:44:01.319 --> 01:44:03.920 the first chance in AI. I just said, it's all 1845 01:44:03.960 --> 01:44:07.199 these type people doing doing their thing. It's just a 1846 01:44:07.279 --> 01:44:11.760 new fad. I'm just telling you something, right, AI is 1847 01:44:11.880 --> 01:44:15.479 going to recognize the entire world. I haven't seen anything 1848 01:44:15.520 --> 01:44:18.239 that's going to change the world the way AI is 1849 01:44:18.319 --> 01:44:20.199 going to change the world. You know, and when you 1850 01:44:20.279 --> 01:44:24.159 hear AI, you think it's some esoteric thing that man. 1851 01:44:24.199 --> 01:44:26.159 Let me make a point of using myself. You know, 1852 01:44:26.319 --> 01:44:30.439 I write, I write, so I write. It took me 1853 01:44:30.520 --> 01:44:33.399 almost three or four years to write the book. Do 1854 01:44:33.520 --> 01:44:36.319 you know there are apps that AI that you can take. 1855 01:44:36.439 --> 01:44:39.079 You can tell the app the name of my book. 1856 01:44:39.840 --> 01:44:41.840 And they had to write that same book, but just 1857 01:44:42.000 --> 01:44:44.319 change the name from Carlo to Kenny. Is to do 1858 01:44:44.359 --> 01:44:49.039 it in five minutes, the entire book. So imagine if 1859 01:44:49.079 --> 01:44:51.319 you're a company, you do accounting. I know I know 1860 01:44:51.439 --> 01:44:55.920 a lady in the US she does auditing for medical 1861 01:44:56.319 --> 01:44:58.279 So when you when you go to the hospital, you 1862 01:44:58.399 --> 01:45:00.840 send they send it your bill. She would look at 1863 01:45:00.880 --> 01:45:03.159 the bill and say, this is this is really not real? 1864 01:45:03.279 --> 01:45:05.840 Things like that. She went to AI. She works for 1865 01:45:05.920 --> 01:45:09.119 a company. She went to the AI and wrote an 1866 01:45:09.199 --> 01:45:12.119 AI program. So when the company gives her the job, 1867 01:45:12.520 --> 01:45:15.359 it only takes two three days. She takes two three 1868 01:45:15.439 --> 01:45:18.319 days to do the badge and sent back. She feeds 1869 01:45:18.359 --> 01:45:21.520 the job to the AI. The AI does that job 1870 01:45:21.640 --> 01:45:27.880 in five minutes five minutes, so she has three days 1871 01:45:28.760 --> 01:45:32.039 to do any other job she wants. She does it. 1872 01:45:32.119 --> 01:45:36.640 That's what her literally real life story. So imagine if 1873 01:45:36.840 --> 01:45:39.359 that company finds that as an AI that can do 1874 01:45:39.439 --> 01:45:40.840 the job they are giving to this girl to do 1875 01:45:41.000 --> 01:45:43.359 what because I'm going to fire her. What happens that 1876 01:45:43.760 --> 01:45:47.039 that comy gets more profitable because it would need that 1877 01:45:47.159 --> 01:45:50.560 girl to do that job for them. So productivity is 1878 01:45:50.640 --> 01:45:54.000 going to go up. Companies are going to make more 1879 01:45:54.319 --> 01:45:59.319 money because of AI. Really, it's you know, it's it's 1880 01:45:59.479 --> 01:46:03.039 you can't even there are banks now in Japan. I 1881 01:46:03.159 --> 01:46:05.079 hear that when you apply for a loan. You know, 1882 01:46:05.079 --> 01:46:06.680 when you're applying for a loan and bank look at 1883 01:46:06.720 --> 01:46:11.600 your credits, call your debt to income, maybe your US bill. 1884 01:46:11.960 --> 01:46:15.000 These guys use almost six hundred metrics to see if 1885 01:46:15.039 --> 01:46:17.680 you're a good lender. They use things like it's your 1886 01:46:17.760 --> 01:46:21.600 phone always constantly. The big that your phone is constantly, 1887 01:46:22.920 --> 01:46:27.159 you're a better investor because living your phone fully charged. 1888 01:46:27.640 --> 01:46:31.520 Are more careful and they're better investors. But no human 1889 01:46:31.600 --> 01:46:36.600 being can attractice. So the AI in five seconds can 1890 01:46:36.720 --> 01:46:40.199 scand on six hundred metrics about you and say yes 1891 01:46:40.319 --> 01:46:43.039 or no to another application and tell the guys that 1892 01:46:43.159 --> 01:46:45.239 don't that don't feel like you couldn't get loans to 1893 01:46:45.399 --> 01:46:48.720 just drop them. So imagine a bank today that is 1894 01:46:48.880 --> 01:46:53.840 hiring workers in loan department and risk management's going to 1895 01:46:53.880 --> 01:46:57.039 replace all that from in how you drive your car, 1896 01:46:57.439 --> 01:46:59.439 the AI can tell if you can pay your loans. 1897 01:47:00.159 --> 01:47:04.359 It's not it's not science fiction, real life. So what 1898 01:47:04.520 --> 01:47:07.600 will happen to many industries? That many just are going 1899 01:47:07.640 --> 01:47:10.720 to change and you're going to find the winners. You're 1900 01:47:10.720 --> 01:47:14.039 gonna find a bank will start off today and become 1901 01:47:14.239 --> 01:47:18.640 bigger than the banks you see today using AI. What's 1902 01:47:18.680 --> 01:47:22.640 a bank? A bank takes deposits and lends out. But 1903 01:47:22.840 --> 01:47:25.000 a bank needs to know how much deposit he needs 1904 01:47:25.079 --> 01:47:26.039 before you can let that up? 1905 01:47:26.119 --> 01:47:26.279 Right? 1906 01:47:26.520 --> 01:47:28.680 What if I have an ear that tells me only 1907 01:47:28.800 --> 01:47:30.560 take the posits based on loans I want to make 1908 01:47:30.600 --> 01:47:33.159 it they are only to be as big as any 1909 01:47:33.279 --> 01:47:36.880 bank today. I can be at one hundred million dollars 1910 01:47:37.359 --> 01:47:39.399 and make more money than you because my ear is 1911 01:47:39.439 --> 01:47:42.079 telling me, no, just have this capital and lend to 1912 01:47:42.119 --> 01:47:44.119 this person you care. We coming, I'm going to know you. 1913 01:47:44.800 --> 01:47:49.239 So AI is really going to revolutionalize and change what 1914 01:47:49.479 --> 01:47:51.159 we know today. Use that's why you see that all 1915 01:47:52.159 --> 01:47:56.600 I hear that Elon Musk bought Twitter to train his air. 1916 01:47:57.079 --> 01:48:00.600 The whole reason why he bought Twitter, what's train his 1917 01:48:01.439 --> 01:48:04.399 you know what? He was an investor in in some 1918 01:48:04.640 --> 01:48:08.479 outans church, gipating and what's nonprofit? Then he left. 1919 01:48:09.000 --> 01:48:09.159 You know. 1920 01:48:09.479 --> 01:48:14.880 That's so every company from Google to Microsoft in AI. 1921 01:48:15.079 --> 01:48:18.720 That's why Nvidia is blowing up because they are the building. 1922 01:48:18.720 --> 01:48:21.399 The chips are going to power all this whole new 1923 01:48:21.760 --> 01:48:25.439 thinking companies. You know, so they are good users, they 1924 01:48:25.439 --> 01:48:26.359 are bad users. 1925 01:48:26.479 --> 01:48:26.880 You can do. 1926 01:48:26.960 --> 01:48:32.000 It's gonna change everything. So that means that any company 1927 01:48:33.600 --> 01:48:36.800 that is exposed to as a winner, the question is 1928 01:48:36.880 --> 01:48:39.319 matter is what we mean by exposed. If I'm an 1929 01:48:39.399 --> 01:48:41.680 NVLLA that makes the chips that go to the AI is, oh, 1930 01:48:42.079 --> 01:48:47.000 I'm fully exposed. If I'm the caterer that sells launch 1931 01:48:47.520 --> 01:48:50.159 to the company making the chips, oh, I'm gonna make 1932 01:48:50.159 --> 01:48:51.439 a lot of money. See what I'm going to do. 1933 01:48:51.840 --> 01:48:54.159 So the trick for you as an investor is to 1934 01:48:54.359 --> 01:48:58.760 try to draw your circles. Everybody knows Nvidia, but who 1935 01:48:58.960 --> 01:49:03.439 supplies in the year bottled water for their staff, Who 1936 01:49:03.640 --> 01:49:06.479 supplies in VideA the chips that they used to make 1937 01:49:06.520 --> 01:49:08.680 the chips to make their chips? Who is in that 1938 01:49:08.920 --> 01:49:12.039 value chain. If you can find the tail foot guys 1939 01:49:12.479 --> 01:49:15.319 that are making the things that the guys make to 1940 01:49:15.359 --> 01:49:17.439 make the things that the guys make to supply on VideA, 1941 01:49:17.560 --> 01:49:20.159 that's your money guy right there, because they are so 1942 01:49:20.399 --> 01:49:23.159 far off that nobody knows them. You see when you 1943 01:49:23.239 --> 01:49:26.159 see a finished company Microsoft, you see them an iPhone 1944 01:49:26.600 --> 01:49:31.079 and iPhone has many suppliers. You can buy Apple or 1945 01:49:31.119 --> 01:49:34.319 you can buy the supplier that makes it. The splace 1946 01:49:34.359 --> 01:49:37.800 that are going to Apple, and that's the planets are 1947 01:49:37.800 --> 01:49:39.760 going to. Apple is going to be cheap and who 1948 01:49:39.840 --> 01:49:42.680 I know that guy. So for the investor, you've got 1949 01:49:42.760 --> 01:49:46.640 to find those those guys in the that are in 1950 01:49:46.840 --> 01:49:49.399 this AI speed because they are cheaper. They are mostly 1951 01:49:49.560 --> 01:49:52.359 small companies that are training out of the n y 1952 01:49:52.520 --> 01:49:56.079 S or smaller cap company small caps. I want to 1953 01:49:56.119 --> 01:49:59.239 invest in them. That's basically your that's your money. Roos 1954 01:49:59.319 --> 01:50:02.039 right there in Vida is is done. What I mean 1955 01:50:02.119 --> 01:50:03.800 is done. You're gonna make money from the media, but 1956 01:50:03.920 --> 01:50:05.760 you're gonna buy at the top ten dollars a pop. 1957 01:50:06.560 --> 01:50:09.800 You see the point testla ist gone. You're gonna make 1958 01:50:09.840 --> 01:50:12.800 money from testla but I'm gonna buy that's five hundred 1959 01:50:12.800 --> 01:50:15.479 the pop. So you want to find the guys supplying 1960 01:50:15.600 --> 01:50:17.920 the break path of TESTLA. That's why you want to 1961 01:50:17.960 --> 01:50:20.560 invest them because nobody knows them, so you get them 1962 01:50:20.600 --> 01:50:25.760 earlier and you ride that wave. But anything AI, anything, 1963 01:50:26.079 --> 01:50:29.359 and it's a quantum computing you see. Right now America 1964 01:50:29.479 --> 01:50:33.960 is restarting nuclear plants, small nuclear plant to power quantum computing. 1965 01:50:34.520 --> 01:50:37.119 So there's a week company New York being started and 1966 01:50:37.199 --> 01:50:40.159 all that. So quantum computing now is anything that is 1967 01:50:40.760 --> 01:50:45.640 that's that's the winner for you. Quantum computed nuclear power AI. 1968 01:50:46.479 --> 01:50:49.239 Anything that's gonna power this new economy. You want to 1969 01:50:49.279 --> 01:50:54.800 be there. That's essentially wow, thank you, you want that. 1970 01:50:56.279 --> 01:50:57.920 So last day someone came up. 1971 01:50:58.000 --> 01:51:02.960 I was thinking about the real for homes right forgment 1972 01:51:03.159 --> 01:51:05.840 or giving our money. So I went off and at 1973 01:51:05.920 --> 01:51:09.359 the time, maybe as a younger person, it's really difficult 1974 01:51:09.399 --> 01:51:11.319 to really think about building the house gets in the 1975 01:51:11.399 --> 01:51:14.039 land and all that side of it could be with options. 1976 01:51:14.079 --> 01:51:14.600 So I checked. 1977 01:51:15.079 --> 01:51:21.800 I checked the occasions so Nallionaire for their room in 1978 01:51:21.920 --> 01:51:24.479 natural also, so I was considerable, and I was thinking, 1979 01:51:24.960 --> 01:51:29.000 sometimes fragments project can be so misty, right, you just 1980 01:51:29.079 --> 01:51:33.560 have to keep doing so rebaulting again in that maybe house, 1981 01:51:33.840 --> 01:51:35.960 he just gets a more mortgage for what I just 1982 01:51:36.079 --> 01:51:37.560 wanted to I know you said you're going to bring 1983 01:51:37.640 --> 01:51:40.199 them up or something I just wanted to be for 1984 01:51:40.239 --> 01:51:44.199 a young person. Is something wise and maybe I think 1985 01:51:44.680 --> 01:51:46.960 logical to go into getting mortgage. 1986 01:51:47.039 --> 01:51:49.319 Yeah, I mean, I like, so listen, all this philogomen 1987 01:51:49.600 --> 01:51:52.079 is the risk you take it, right, but the reward 1988 01:51:52.199 --> 01:51:55.920 is worth the risk. Yeah, asking you that because remember 1989 01:51:55.960 --> 01:51:59.079 they are politicians, so they want to show success. Yeah, 1990 01:51:59.199 --> 01:52:02.119 asking you to be five million and get the house, 1991 01:52:02.439 --> 01:52:04.319 I will do it. If I was in Nigeria and 1992 01:52:04.399 --> 01:52:06.239 I was young like you, I would do it without 1993 01:52:06.319 --> 01:52:09.840 thinking what would I lose five million? What if I gain? 1994 01:52:09.960 --> 01:52:12.079 I get a tribute to the flat if we need. 1995 01:52:12.119 --> 01:52:14.439 They don't build that tribunal flat. They give me the house, 1996 01:52:14.560 --> 01:52:17.760 just the land. And this cacast is still wortered because 1997 01:52:17.760 --> 01:52:19.399 if I had to go do that myself out to 1998 01:52:19.520 --> 01:52:23.039 buy the land, get the paperwork, get the cement and build, 1999 01:52:23.199 --> 01:52:25.720 that's fine. I'll still take it. So I would say, 2000 01:52:25.800 --> 01:52:27.920 if you're young or you have the connections and you 2001 01:52:27.960 --> 01:52:29.600 can get that and we need to hope, go and 2002 01:52:29.640 --> 01:52:32.520 get it. You know what I don't do is still 2003 01:52:32.600 --> 01:52:36.399 good to moon. If they come here and if you 2004 01:52:36.479 --> 01:52:38.359 know them, anyone that knows them and they want to 2005 01:52:38.399 --> 01:52:40.800 bring them here to talk, please invite them to come. 2006 01:52:40.960 --> 01:52:43.319 I will give them the exposure. We will talk about it. 2007 01:52:43.479 --> 01:52:46.399 I will Buying the mortgage or buying a house Niger, 2008 01:52:46.920 --> 01:52:49.119 it's one good investment because of course it's gonna be 2009 01:52:49.199 --> 01:52:51.560 inflation for you. If you're going to live in that, 2010 01:52:52.000 --> 01:52:55.720 You're not worried about inflation because it's your cash that 2011 01:52:55.960 --> 01:52:58.800 you're paid in rent, right, so you know, worried about 2012 01:52:58.800 --> 01:53:02.119 the inflation are gonna bay after that can rise. So 2013 01:53:02.319 --> 01:53:06.239 buying your primary residence in Nigeria is to me one 2014 01:53:06.279 --> 01:53:08.640 of the best investment you can do with your cash 2015 01:53:08.840 --> 01:53:12.920 right now right, So I would say, if you have 2016 01:53:13.119 --> 01:53:15.640 the means, get it. If you get it, don't think 2017 01:53:15.640 --> 01:53:17.640 about it. So what can go wrong? They give you 2018 01:53:17.680 --> 01:53:20.720 a cas for five minute and I think the abuild 2019 01:53:20.760 --> 01:53:22.800 it to your taste. So that's what I would say. 2020 01:53:22.880 --> 01:53:26.960 Yeah, thank you someone, I'm grateful. 2021 01:53:26.880 --> 01:53:33.319 Welcome, no worries. Let's get Ernie name Ernie on the cyber. 2022 01:53:35.039 --> 01:53:35.279 Good. 2023 01:53:35.560 --> 01:53:36.039 How are you. 2024 01:53:37.840 --> 01:53:40.920 All right? Thank you for the opportunity. Mister. 2025 01:53:41.079 --> 01:53:46.600 Can I have two questions Number one. In two thousand 2026 01:53:46.640 --> 01:53:50.560 and eight, I bought some shares that is the name 2027 01:53:50.720 --> 01:53:52.800 Insurance and First Inland. 2028 01:53:54.319 --> 01:53:58.479 At the time when I was telling Nigeria, they were 2029 01:53:58.600 --> 01:54:02.520 giving me some dividends bogs for a long time. 2030 01:54:02.840 --> 01:54:05.520 I don't know anything about the share again, but I. 2031 01:54:05.640 --> 01:54:09.880 Still have my c S c S number and some 2032 01:54:10.039 --> 01:54:12.000 of the information regarding. 2033 01:54:13.159 --> 01:54:15.039 The shares, So I don't know how. 2034 01:54:14.960 --> 01:54:18.439 To go about it to you know, recite information about 2035 01:54:18.479 --> 01:54:23.680 the shaar and maybe probably speak to a broker, but 2036 01:54:23.800 --> 01:54:26.000 I don't have any information of the broker. 2037 01:54:26.000 --> 01:54:29.960 I used them too, you know, purchase the share. 2038 01:54:31.319 --> 01:54:33.920 That's number one. I don't know the advice you're going 2039 01:54:34.000 --> 01:54:38.279 to give you your NA. Then the second question is 2040 01:54:40.880 --> 01:54:43.640 I live in the US, and here in the US, 2041 01:54:43.920 --> 01:54:50.359 companies have like a four one K retirement savings for 2042 01:54:51.159 --> 01:54:56.079 their employees. And since I started working with my company, 2043 01:54:56.720 --> 01:55:00.520 the Nigelia and me have not allowed me to actually 2044 01:55:00.560 --> 01:55:03.960 invest with four okay, because even though I understand how 2045 01:55:04.000 --> 01:55:08.720 I to operate another thing. Personally, I decide to save 2046 01:55:08.880 --> 01:55:10.199 my money with. 2047 01:55:11.960 --> 01:55:16.720 Banks that I have that have like a huge percentage 2048 01:55:16.760 --> 01:55:18.199 of AP you are a API. 2049 01:55:19.119 --> 01:55:22.279 That way I know I have access to my fund 2050 01:55:23.000 --> 01:55:25.359 and also I know I can't take it any time 2051 01:55:25.399 --> 01:55:25.840 I want. 2052 01:55:26.039 --> 01:55:28.119 And I also know that I'm receiving some. 2053 01:55:29.600 --> 01:55:34.880 Benefits from it, like interest every month or something like 2054 01:55:35.039 --> 01:55:37.039 I do think I'm doing the wrong thing? 2055 01:55:37.720 --> 01:55:38.760 Or do you think I'm not. 2056 01:55:38.840 --> 01:55:39.600 Going the right way? 2057 01:55:40.279 --> 01:55:41.159 Thank you? Yeah? 2058 01:55:41.279 --> 01:55:41.359 Bro? 2059 01:55:41.600 --> 01:55:44.680 Yeah, Bro, you're breaking my heart. You're just doing my 2060 01:55:44.760 --> 01:55:49.319 space the best time of my space. First time here. 2061 01:55:50.119 --> 01:55:53.880 No, actually, I've been following you and sometimes I joined 2062 01:55:53.920 --> 01:55:56.760 your space, but I have this my first time I speaking. 2063 01:55:56.720 --> 01:55:59.760 And we'll talk about for any I think I don't 2064 01:55:59.760 --> 01:56:01.439 know how times I've said about a four one K, 2065 01:56:01.640 --> 01:56:04.239 I've set it over and over right. If if for 2066 01:56:04.560 --> 01:56:08.239 one K is what we call a qualified savings you're 2067 01:56:08.239 --> 01:56:12.479 in America qualified savings account, which means any dollar you're 2068 01:56:12.479 --> 01:56:16.239 putting there is protected from taxes if you put If 2069 01:56:16.279 --> 01:56:19.600 you put a dollar in the bank, the bank will 2070 01:56:19.720 --> 01:56:24.319 charge you interest. You pay to the IRS taxes on interest, 2071 01:56:24.479 --> 01:56:27.520 and that's what your ten ninety nine is. So every year, 2072 01:56:27.880 --> 01:56:30.079 of course, your bank gives you a ten ninety nine, 2073 01:56:30.560 --> 01:56:33.760 which means you're paying taxes on the money you have 2074 01:56:33.920 --> 01:56:36.319 in the bank. But in your four oh one K, 2075 01:56:36.520 --> 01:56:39.439 you do not pay tax on the growth of those assets. 2076 01:56:40.000 --> 01:56:42.600 So once your bank. You work for a company is 2077 01:56:42.640 --> 01:56:45.039 in my book. I've said it here. You want to 2078 01:56:45.079 --> 01:56:48.359 do your four oh one ky it before you even invest, 2079 01:56:49.279 --> 01:56:51.560 because you want to take an advantage of the one 2080 01:56:51.600 --> 01:56:55.199 of the salary increase, number two of the match number 2081 01:56:55.239 --> 01:56:58.359 three of the tax benefits. So if your company does 2082 01:56:58.399 --> 01:57:02.039 a fot ah one kid, it's your money. They can't 2083 01:57:02.159 --> 01:57:05.239 do anything with the money. They can't touch it again. 2084 01:57:06.359 --> 01:57:08.039 All you have to do is to make sure that 2085 01:57:08.119 --> 01:57:10.520 you don't buy your company share so you die as 2086 01:57:10.560 --> 01:57:12.800 a fire. You can do that if your company is 2087 01:57:12.840 --> 01:57:15.159 giving you a full one key, find out on Monday 2088 01:57:15.199 --> 01:57:18.640 SAP what the match is, what the bat that match is. 2089 01:57:18.920 --> 01:57:22.199 You must look at my world m USD. You must 2090 01:57:22.359 --> 01:57:26.359 do it and match minimum match when you put in 2091 01:57:26.439 --> 01:57:28.359 your full one k. America loves you to say where 2092 01:57:28.359 --> 01:57:29.920 you want a four one kid to go. You can 2093 01:57:30.079 --> 01:57:33.000 see they're fall one kid and buy the same bank 2094 01:57:33.399 --> 01:57:35.520 things that you're buying. You can tell the four one 2095 01:57:35.600 --> 01:57:38.560 ky to buy your CD, but you don't pay tax 2096 01:57:38.680 --> 01:57:40.640 on the growth of the city. But it's in a 2097 01:57:40.720 --> 01:57:43.600 full one kid, so you can do exactly what you 2098 01:57:43.720 --> 01:57:46.520 are doing, but doing it a tax qualified account. You 2099 01:57:46.560 --> 01:57:50.279 don't pay taxes. Your largest experts in America, as you know, 2100 01:57:51.159 --> 01:57:54.520 is your taxes. You can't avoid it, but you canna. 2101 01:57:54.680 --> 01:57:58.479 You can't defer it with a full one K. So 2102 01:57:58.840 --> 01:58:02.239 make sure some on money that you ask your hr 2103 01:58:02.399 --> 01:58:05.520 preson what's the match, and then you sign up for 2104 01:58:05.600 --> 01:58:09.680 your phone monkey and you do minimum that match. No 2105 01:58:10.039 --> 01:58:14.880 arguments any good to me. That's number. So just go 2106 01:58:15.000 --> 01:58:17.560 do it and also a part of your phone key 2107 01:58:17.680 --> 01:58:22.800 also write this down. An IRA an individual retirement account. 2108 01:58:23.479 --> 01:58:29.279 There are two types. There's a traditional there's the wrath ALCOH. 2109 01:58:30.199 --> 01:58:32.439 I don't know how much you earn. If you end 2110 01:58:32.479 --> 01:58:34.960 too much money, America will not let you do in 2111 01:58:35.039 --> 01:58:38.399 a roth IRA. But you also want to do an IRA. 2112 01:58:38.560 --> 01:58:41.840 IRA simply means an individual for a one key sort 2113 01:58:41.920 --> 01:58:45.039 of so you also put money there. It also grows 2114 01:58:45.159 --> 01:58:48.520 taxi thread. You are not taxed till you take it out. 2115 01:58:49.399 --> 01:58:52.520 So you also want to do an IRA. Why if 2116 01:58:52.600 --> 01:58:56.840 you earn ten thousand and you invest one thousand in 2117 01:58:57.079 --> 01:59:01.720 your traditional IRA, according to the IRS, you only earn 2118 01:59:02.119 --> 01:59:06.439 nine thousand, so you only pay taxes on nine thousand. 2119 01:59:06.960 --> 01:59:10.079 So what you can do is this April fifteen, you 2120 01:59:10.159 --> 01:59:12.359 have to pay taxes are bait when you do do 2121 01:59:12.800 --> 01:59:14.640 I know who does your taxes for you? When you 2122 01:59:14.720 --> 01:59:18.399 do your taxes and the government says earning your's two 2123 01:59:18.439 --> 01:59:21.359 thousand dollars, why pay the government two dollars when you 2124 01:59:21.399 --> 01:59:24.600 can write yourself with check and pay to your traditional 2125 01:59:24.720 --> 01:59:27.399 era or the same two thousand. It's in your name, 2126 01:59:28.159 --> 01:59:31.800 it's been invested for you. They're not paying taxes. You 2127 01:59:32.039 --> 01:59:34.520 have still paid that tax, but now you're put in 2128 01:59:34.600 --> 01:59:37.720 your ira. So Earnie, you do your phone one kid 2129 01:59:38.199 --> 01:59:41.119 and you do an ira. Talk to your adviser and 2130 01:59:41.239 --> 01:59:45.079 see who juge i ira, the ross ira or tradtional 2131 01:59:45.159 --> 01:59:47.399 ira put your four one kid and what you're doing 2132 01:59:47.439 --> 01:59:51.960 on Monday. Right, Yes, let's let's get to your second question. 2133 01:59:52.359 --> 01:59:55.039 Just if you're in Nigeria or you have every Nigeria, 2134 01:59:55.239 --> 01:59:57.640 just go to d Just show up them, find out 2135 01:59:57.680 --> 02:00:00.319 who it is online. Just go there yourself. Take to 2136 02:00:00.439 --> 02:00:04.000 forms of id to, will print out all your dibidats, 2137 02:00:04.039 --> 02:00:06.319 will print out all your bonds. I give you very 2138 02:00:06.399 --> 02:00:09.439 very simplest. Also relist with them for what they called 2139 02:00:09.680 --> 02:00:13.840 e diibidends. Why you haven't because they're now doing the dividends. 2140 02:00:13.880 --> 02:00:15.960 So if you have a bank in Nigeria. Just do 2141 02:00:16.119 --> 02:00:19.800 idibidence so going for just pay your dividends electronically from 2142 02:00:20.159 --> 02:00:23.239 the which is trustrating your back so you can you 2143 02:00:23.319 --> 02:00:25.800 can talk to your broker and and I just do 2144 02:00:25.880 --> 02:00:29.520 it for you. Don't charge you, say he investigator, collect 2145 02:00:29.560 --> 02:00:31.960 my shares. Don't do it for you. They will charge 2146 02:00:32.000 --> 02:00:33.800 you all that So is that you do with your 2147 02:00:33.800 --> 02:00:36.119 broker or when you're an enjoy you go yourself and 2148 02:00:36.239 --> 02:00:37.199 do it easy, easy stuff. 2149 02:00:37.239 --> 02:00:42.119 Yeah, okay, thank you so much, perfect perfect, let's get 2150 02:00:42.199 --> 02:00:48.960 it's a great Outfred of it, great outfit, great outfit 2151 02:00:49.079 --> 02:00:51.640 going once, great Outfred going twice? 2152 02:00:51.920 --> 02:00:52.039 One? 2153 02:00:52.520 --> 02:00:52.920 What's up? 2154 02:00:53.119 --> 02:00:53.279 One? 2155 02:00:53.840 --> 02:00:59.680 R one four, three, five five? What's wonner? Going once? 2156 02:01:00.039 --> 02:01:02.359 Come on there you guys. You want to speak, be 2157 02:01:02.479 --> 02:01:21.199 around right, h background noise, Alfred background, what's up? H Hello, Horry, 2158 02:01:21.359 --> 02:01:29.319 go ahead, go ahead, horry porryte okay, ah, thank you. 2159 02:01:34.079 --> 02:01:36.199 Yeah my. 2160 02:01:38.239 --> 02:01:43.159 Plan lad, I'm so sorry I can't hear him. Save 2161 02:01:43.239 --> 02:01:46.039 you a deal. You have tons of background noise, so 2162 02:01:46.399 --> 02:01:50.079 save you a DM, right, save you a DM. Okay, 2163 02:01:50.159 --> 02:01:51.239 let's get the profitable man. 2164 02:01:52.920 --> 02:01:57.960 Okay, thank you so much for the importable to be here. 2165 02:01:59.000 --> 02:02:01.760 I leave follower of yours off your post, and I've 2166 02:02:01.760 --> 02:02:04.359 been following for so long. So my question is that 2167 02:02:05.520 --> 02:02:07.920 I've been interesting for so long. I'm still younger and in. 2168 02:02:08.039 --> 02:02:10.479 Gr students, so I've been interesting into. 2169 02:02:10.359 --> 02:02:15.479 It mutual format FGM bound both US and GM markets, 2170 02:02:15.560 --> 02:02:18.600 and I also have community of a more thousand students 2171 02:02:18.640 --> 02:02:21.399 and teaching about stock markets and investments generally. 2172 02:02:21.800 --> 02:02:23.000 So my question is that. 2173 02:02:25.199 --> 02:02:28.720 Every time I invest my money, I mean, i'man kind 2174 02:02:28.720 --> 02:02:30.680 of a valuing in Frester that I invest for a 2175 02:02:30.800 --> 02:02:34.920 very long time. But it is sometimes, you know, major 2176 02:02:34.960 --> 02:02:38.039 stock market is like it's like a psychlic. I don't 2177 02:02:38.039 --> 02:02:40.520 know how to call it, like it's a circle market circle. 2178 02:02:40.800 --> 02:02:43.319 There are times that I made probably for maybe five 2179 02:02:43.439 --> 02:02:48.039 hundred percent profits like ORANDU and make over one hundred percent. 2180 02:02:47.880 --> 02:02:50.479 Profits like out there and transcovers my problems. 2181 02:02:50.600 --> 02:02:53.199 I don't know where to take profits, like, I don't know, okay, 2182 02:02:53.319 --> 02:02:55.479 this is the right time to take profit out of 2183 02:02:55.560 --> 02:02:58.439 the market and then put it in another market. So 2184 02:02:58.880 --> 02:03:00.840 I don't know if you have any advice for me 2185 02:03:01.000 --> 02:03:04.199 when to take profit and then you know, to before 2186 02:03:04.239 --> 02:03:06.399 he markets done over again. 2187 02:03:08.760 --> 02:03:11.399 So so so just to be clear, you are trading, 2188 02:03:11.840 --> 02:03:13.439 You're you are trading, right. 2189 02:03:14.159 --> 02:03:14.760 I'm not trading. 2190 02:03:14.800 --> 02:03:16.000 I'm in festal, I'm not trading. 2191 02:03:16.279 --> 02:03:20.600 So you're a long term guy, yes, yes, So what 2192 02:03:20.640 --> 02:03:21.239 are you selling? 2193 02:03:23.479 --> 02:03:23.680 You know? 2194 02:03:23.880 --> 02:03:25.800 You know you know you can't, I can't just know. 2195 02:03:25.800 --> 02:03:28.079 What I'm thinking is that it can just be dedfuever. 2196 02:03:28.840 --> 02:03:29.159 Why not? 2197 02:03:30.239 --> 02:03:30.560 Why not? 2198 02:03:32.520 --> 02:03:32.800 Find not? 2199 02:03:34.720 --> 02:03:36.319 I think it's good to eat the fruit of your 2200 02:03:36.399 --> 02:03:37.159 livers of times. 2201 02:03:37.279 --> 02:03:41.600 What you said, you said you're a long tail investor, Yes, yes, 2202 02:03:42.039 --> 02:03:44.199 I mean so. The point is that if it's making 2203 02:03:44.279 --> 02:03:47.840 money for you, what are you selling it? If drug 2204 02:03:47.960 --> 02:03:53.920 by scoring goals, what are you selling him? M I 2205 02:03:53.960 --> 02:03:56.920 don't get So let's answer your question. You you you, 2206 02:03:57.119 --> 02:03:59.239 you determine the point. You can say, for instance, if 2207 02:03:59.279 --> 02:04:02.600 I do percent, I want to sell, you can say that, right, 2208 02:04:02.680 --> 02:04:06.039 it's your call. You can say if my stock's three 2209 02:04:06.119 --> 02:04:10.279 twenty five percent return on capital, I would sell. You 2210 02:04:10.399 --> 02:04:12.520 can decide that I don't think the good strategy for you. 2211 02:04:13.079 --> 02:04:15.680 I think equities make more money for you when you 2212 02:04:15.840 --> 02:04:20.119 allow them to compound. You reinvested ditas because you are 2213 02:04:20.359 --> 02:04:23.279 in long term investor. That's what I think. But if 2214 02:04:23.319 --> 02:04:26.520 you want to sell, the mini criter for selling, you 2215 02:04:26.560 --> 02:04:30.399 can say, okay, my return is x once it is X, 2216 02:04:30.520 --> 02:04:33.239 I will get out. But the question becomes, you get 2217 02:04:33.319 --> 02:04:36.119 out and do what you know, get out and buy what. 2218 02:04:36.760 --> 02:04:39.159 That's the question now for you, right if you, if 2219 02:04:39.199 --> 02:04:41.880 you sell, and if you are sold in Vidia at 2220 02:04:41.960 --> 02:04:45.920 one hundred dollars, and then buy what. Now you've lost 2221 02:04:46.079 --> 02:04:48.279 the Vidio was a good stock, you saw one hundred dollars, 2222 02:04:48.279 --> 02:04:51.039 You've made a lot of profit. Then buy what what 2223 02:04:51.199 --> 02:04:55.279 you have brought to them because in Vidia. So that's 2224 02:04:55.640 --> 02:04:57.760 you know, That's what I will say. You can say 2225 02:04:57.840 --> 02:05:00.479 thirty five, you can say fifty. Whatever you put there. 2226 02:05:00.560 --> 02:05:03.079 If that's your call as well as you that's your strategy. 2227 02:05:03.520 --> 02:05:06.319 It's not a bad strategy. But I will say overall 2228 02:05:06.439 --> 02:05:09.039 or long term. If I'm an investor, why am I selling? 2229 02:05:09.520 --> 02:05:11.840 If I buy a good company at a good practic, 2230 02:05:11.840 --> 02:05:15.199 If I buy Messy when MESSI is twelve years old, 2231 02:05:15.439 --> 02:05:18.520 why am I selling him? Why? I can eat the 2232 02:05:18.600 --> 02:05:20.960 foot up a little by selling message to Chelsea, But 2233 02:05:21.159 --> 02:05:23.840 why am I selling him? What doesn't make it? If 2234 02:05:23.880 --> 02:05:27.079 I don't sell Messy, I won't die? So why am 2235 02:05:27.119 --> 02:05:30.039 I selling him? Is a good guy? Why selling is 2236 02:05:30.159 --> 02:05:30.880 the point I'm making? 2237 02:05:33.520 --> 02:05:35.039 Yes, I'm getting you, sir, all right? 2238 02:05:35.600 --> 02:05:36.600 Do you have a full up question? 2239 02:05:36.760 --> 02:05:36.880 Sir? 2240 02:05:39.640 --> 02:05:40.680 Okay, thank you sir. 2241 02:05:40.800 --> 02:05:43.840 Another person I want to ask is that the Nadia 2242 02:05:43.920 --> 02:05:46.560 stock market, Like what do you see in the future 2243 02:05:46.560 --> 02:05:49.439 of Nadia stock market? Because I see some people are 2244 02:05:49.720 --> 02:05:53.319 discussing about like the devaluation of theres going to a 2245 02:05:53.399 --> 02:05:55.800 fetish stock market, like when people putting their money in 2246 02:05:55.840 --> 02:05:58.319 the stock market, Like in the long grown, when we 2247 02:05:58.399 --> 02:06:02.960 are selling, our selling give value devalue, there will be 2248 02:06:03.199 --> 02:06:06.640 really much profit and the money wanted really have good 2249 02:06:06.760 --> 02:06:07.840 value before then. 2250 02:06:08.279 --> 02:06:09.319 So what do you think about that? 2251 02:06:10.920 --> 02:06:13.760 What does evaluation mean? What devolution means? It means that 2252 02:06:14.000 --> 02:06:18.960 the exchange I hear you. So I'm just so if 2253 02:06:19.000 --> 02:06:20.840 you the value means that one there I will now 2254 02:06:21.039 --> 02:06:24.159 sort of blues value to a dollar big so it affects. 2255 02:06:24.319 --> 02:06:27.479 Then then idea economy because when important and the economy 2256 02:06:27.479 --> 02:06:29.600 and all that I hear you make sense, I hear you. 2257 02:06:30.560 --> 02:06:33.239 So what then do you do? You diversify? Right, you 2258 02:06:33.319 --> 02:06:36.680 can say I want to buy dollar exposed equities or 2259 02:06:36.960 --> 02:06:40.479 exposed crisis. You can build a portfolio that housputs of them. 2260 02:06:40.600 --> 02:06:43.319 That's the point I'm trying to get to. What you 2261 02:06:43.439 --> 02:06:46.159 must do is to keep on investing. Why dollar investments 2262 02:06:46.159 --> 02:06:48.159 are so perperlan a drive to day is because profully 2263 02:06:48.159 --> 02:06:50.359 and n RROR is going to be devalued. So you hedge. 2264 02:06:50.960 --> 02:06:53.880 You hege by by using those apps to maybe expose 2265 02:06:53.920 --> 02:06:56.159 yourself to dollar investments. That's what you want to do. 2266 02:06:56.279 --> 02:06:58.600 You can see, okay, before I was doing fifty fifty, 2267 02:06:59.359 --> 02:07:02.600 do something. That's what you can do. But the idea 2268 02:07:02.720 --> 02:07:06.079 is always be DIVERSI five far away from one currency, 2269 02:07:06.520 --> 02:07:09.560 one country, one commodity. Always stay dire as a five. 2270 02:07:09.880 --> 02:07:12.079 So that answers your question. You don't have to stay 2271 02:07:12.520 --> 02:07:15.239 in one place, you know, you move around and you 2272 02:07:15.800 --> 02:07:19.479 rotate your portfolio to fit the economic theme. 2273 02:07:20.039 --> 02:07:20.199 You know. 2274 02:07:20.439 --> 02:07:24.359 That's how I put that. Remember, even with the dovastification, 2275 02:07:25.119 --> 02:07:26.960 the banks are still making a lot of money Nigeria. 2276 02:07:27.560 --> 02:07:31.079 I'm not any bank and in any US bank or 2277 02:07:31.079 --> 02:07:32.920 even the oil company in Nigeria do it better than 2278 02:07:32.960 --> 02:07:36.399 the US oil company. If you take the index, the 2279 02:07:37.079 --> 02:07:40.119 the oil company in Nigeria in the NSC is almost 2280 02:07:40.760 --> 02:07:43.359 sixty percent out in the banks. I don't think the 2281 02:07:43.359 --> 02:07:45.600 oil company in America is the same. But I hear 2282 02:07:45.720 --> 02:07:50.079 you overall for the index America coming to Nigeria that 2283 02:07:50.239 --> 02:07:52.760 as the fire have a mixture, so that way you're 2284 02:07:52.840 --> 02:07:53.960 not caught up in just one. 2285 02:07:54.479 --> 02:08:00.640 That's how I'm paid for you. Thanks probably yeah, okay, all. 2286 02:08:05.000 --> 02:08:11.800 What you do? It's busy. Let me get prince, prince 2287 02:08:12.000 --> 02:08:17.079 what you mean? Yeah, I can hear you answer. 2288 02:08:19.039 --> 02:08:23.000 Thank you very much for having me, so I'll be 2289 02:08:23.079 --> 02:08:26.039 coming very a while and thank you for all you do. 2290 02:08:26.520 --> 02:08:27.800 I just ask your questions. 2291 02:08:28.560 --> 02:08:32.960 I'm a businessman bused in enjoy an enterpinion, and I 2292 02:08:33.039 --> 02:08:40.199 have a I have a startup like yourself business and 2293 02:08:40.760 --> 02:08:44.720 I within the empty space. So I want to ask 2294 02:08:46.119 --> 02:08:48.840 a decituation of taking enjoy the moment. We're having some 2295 02:08:49.079 --> 02:08:53.159 challenges with them, and so I've been looking at options 2296 02:08:53.680 --> 02:08:58.640 that my disposable as say that's the funding, so I'm. 2297 02:08:58.560 --> 02:08:59.119 Looking at. 2298 02:09:01.319 --> 02:09:09.000 Better denouncing of no, some of them are discussing my 2299 02:09:09.119 --> 02:09:10.239 assets for the funding. 2300 02:09:10.439 --> 02:09:12.079 So I just want to ask if. 2301 02:09:12.880 --> 02:09:14.920 I want to ask we should you wish you use 2302 02:09:15.000 --> 02:09:17.560 your advice is the best option and it's the best 2303 02:09:17.600 --> 02:09:21.359 course for me that will not really jopadize business and 2304 02:09:21.640 --> 02:09:26.119 be the startup. Then the second question is regarding I 2305 02:09:26.239 --> 02:09:29.800 want to also ask if because I know you've been 2306 02:09:29.840 --> 02:09:36.119 talking more about the investment in and God and the like. 2307 02:09:36.199 --> 02:09:38.520 So I want to I have more interest in the 2308 02:09:38.680 --> 02:09:42.239 crypto trading, so I want to ask if it's also 2309 02:09:42.560 --> 02:09:44.000 a good part one for investing. 2310 02:09:44.359 --> 02:09:50.640 Now, okay, yeah, two good questions. Like your first question 2311 02:09:50.760 --> 02:09:53.000 is very very easy to to sort of respond to. 2312 02:09:53.439 --> 02:09:56.079 So if you're a startup, or if you want to 2313 02:09:56.119 --> 02:09:58.720 start a business, or if you are still in what 2314 02:09:58.800 --> 02:10:01.760 we call the growth stage, you shouldn't take a bank loan. 2315 02:10:02.439 --> 02:10:05.520 You shouldn't take a bank loan. A bank loan or 2316 02:10:05.760 --> 02:10:08.279 any loan that you pay interest doesn't have to be 2317 02:10:08.359 --> 02:10:10.600 a bank loan. Any loan that you pay interest on 2318 02:10:11.279 --> 02:10:15.199 is only to be used for walking capital, not to 2319 02:10:15.279 --> 02:10:19.680 start a business, not to fund the business. Let me explain. So, 2320 02:10:19.760 --> 02:10:22.720 if your startup needs to buy maybe an open or 2321 02:10:22.800 --> 02:10:25.279 a new truck, you don't want to take a bank 2322 02:10:25.439 --> 02:10:29.640 loan to do that. But let's say your company gets 2323 02:10:29.680 --> 02:10:32.960 an order to supply x amount of goods to a 2324 02:10:33.079 --> 02:10:36.640 company Y and company why will pay you next month? 2325 02:10:36.760 --> 02:10:38.920 So you need cash to do that supply the body 2326 02:10:38.960 --> 02:10:42.159 will pay you. Yes, you go to the bank that's 2327 02:10:42.279 --> 02:10:45.640 working capital. You borrow money from the bank, You fund 2328 02:10:45.680 --> 02:10:49.840 the supply you supply to company. Why company? Why pays you? 2329 02:10:50.119 --> 02:10:52.520 You pay back the bank? You don't want to use 2330 02:10:52.600 --> 02:10:58.000 bank money apart from working capital. I would even say 2331 02:10:58.079 --> 02:11:01.319 paying salaries no. Why because if you start to pay, 2332 02:11:01.680 --> 02:11:03.399 if you take a bank, no, you are working for 2333 02:11:03.520 --> 02:11:07.319 the bank and bank most Nigeria are very expensive, more 2334 02:11:07.319 --> 02:11:10.199 than twenty five percent. You can't survive with that. So 2335 02:11:10.359 --> 02:11:13.319 for a startup, I think I shared if you look 2336 02:11:13.399 --> 02:11:17.239 at if you're not to search on Twitter shared how 2337 02:11:17.359 --> 02:11:21.000 to fund the business. I put various company growth stages 2338 02:11:21.439 --> 02:11:23.680 and I put the types of funding you need. If 2339 02:11:23.680 --> 02:11:26.520 you can search on my Twitter video see it there. 2340 02:11:27.079 --> 02:11:29.920 If you're a startup, you're looking at family and friends, 2341 02:11:30.520 --> 02:11:33.359 equity and like you said, sender your assets to fund. 2342 02:11:33.640 --> 02:11:36.439 You're looking for any sort of funding that does not 2343 02:11:36.640 --> 02:11:39.239 involve interest. That's basically how you want to put it. 2344 02:11:39.359 --> 02:11:43.439 If it means partnership, If it means give me money 2345 02:11:43.479 --> 02:11:45.840 to invest in my business and I share profit to you, 2346 02:11:46.039 --> 02:11:49.520 you know all that, it's perfectly fine. What you want 2347 02:11:49.600 --> 02:11:52.880 to avoid is taking a pain interest that I want 2348 02:11:52.920 --> 02:11:55.359 you to avoid. It's better you keep your company and 2349 02:11:55.600 --> 02:11:58.479 cover it up till when interest rates go down it 2350 02:11:58.640 --> 02:12:01.159 remains your company. Then you take a loan that the 2351 02:12:01.239 --> 02:12:04.039 bank now owns your company, it's not worth it, right, 2352 02:12:05.000 --> 02:12:08.720 So keep that in mind. It's family and friends, equity, 2353 02:12:09.399 --> 02:12:13.199 maybe supplier finance, whatever finance you want to do, but 2354 02:12:13.439 --> 02:12:16.399 not anything you're going to pay somebody interest, fixed interest 2355 02:12:16.479 --> 02:12:19.800 on not don't do that. Yeah, cooperative, all those things 2356 02:12:19.840 --> 02:12:21.880 are good because they are lower interest rates. So you 2357 02:12:21.920 --> 02:12:24.640 can take loan from cooperative and all that, but not 2358 02:12:24.800 --> 02:12:28.319 commercial bank loans. Right, Okay, you know the second question, 2359 02:12:28.399 --> 02:12:30.920 second question on crypto. Crypto is fine, you know, like 2360 02:12:31.039 --> 02:12:33.760 I said, no investment is good or bad. The question 2361 02:12:33.960 --> 02:12:38.800 is how much what you're objective? So what if your 2362 02:12:38.800 --> 02:12:42.279 objective is want to build a portfolio, that's fine, you 2363 02:12:42.359 --> 02:12:44.239 can do crypto, but I would not advise you to 2364 02:12:44.279 --> 02:12:46.600 do more than ten percent. And I would say that 2365 02:12:46.720 --> 02:12:48.840 any money you put on crypto should be money you 2366 02:12:48.840 --> 02:12:51.520 are prepared to lose, because the better of fertility investment. 2367 02:12:51.600 --> 02:12:54.239 So if you know from the start that if I 2368 02:12:54.359 --> 02:12:57.079 put money in crypto, I can lose it, how much 2369 02:12:57.199 --> 02:12:59.680 can you lose? That's how much you should invest in crypto. 2370 02:13:00.159 --> 02:13:01.720 If you think you are but you are, you can 2371 02:13:01.840 --> 02:13:04.920 lose ten percent of your income and be okay with it. Sure, 2372 02:13:05.359 --> 02:13:07.720 do ten percent. If you think only one percent shot 2373 02:13:07.840 --> 02:13:10.960 one percent. It's not good or bad. But because it's risky, 2374 02:13:11.119 --> 02:13:13.199 you want to do risk mondment and silky how much 2375 02:13:13.239 --> 02:13:15.079 do I think I can lose? And then you can 2376 02:13:15.399 --> 02:13:16.840 get away from it the other ways you can do 2377 02:13:16.960 --> 02:13:19.000 kiptop of me investment. Just stick in a bit. You 2378 02:13:19.079 --> 02:13:21.960 can buy bitcoin and you can stake it. I'm not 2379 02:13:22.000 --> 02:13:23.880 sure it still pays out a lot of money, but 2380 02:13:24.800 --> 02:13:26.800 that's how I would look at these things for now, 2381 02:13:27.439 --> 02:13:29.840 till the new and Men in America comes, then will 2382 02:13:29.880 --> 02:13:32.039 have a clear sense of where crip is going to 2383 02:13:32.119 --> 02:13:35.439 go to and all that. But it's a risky portfolio. 2384 02:13:35.520 --> 02:13:39.399 It's investment. I don't recommend any investment. I recommend investment 2385 02:13:39.479 --> 02:13:42.319 acquorant to your objectives. That's the point I try to me. 2386 02:13:42.720 --> 02:13:44.840 So if you if you flow that rational, you can 2387 02:13:45.159 --> 02:13:45.800 go wrong with that. 2388 02:13:45.960 --> 02:13:48.680 Yeah, thank you very much. 2389 02:13:48.960 --> 02:13:51.880 Okay, welcome wrong. Yeah. So I'm hearing sing on the 2390 02:13:52.319 --> 02:13:56.640 on the comment session class saying I right, put Rise investment, Rise, 2391 02:13:56.880 --> 02:14:01.000 but shacka. So we are doing shocker. That is right, 2392 02:14:01.159 --> 02:14:04.000 So Rise I think it bout shaker. So if you're 2393 02:14:04.039 --> 02:14:07.319 didn't shaker that Rise Investments and I'm also putting the 2394 02:14:07.560 --> 02:14:12.279 apps the blasting after invest. No, that's I'm only putting 2395 02:14:12.359 --> 02:14:15.920 the apps that you can use to invest a broad 2396 02:14:16.239 --> 02:14:19.680 Your normal stockbroking firms all have a sex license. So 2397 02:14:19.880 --> 02:14:23.960 your Merry Stems, your afree Invest, your Ibet, c r 2398 02:14:24.159 --> 02:14:30.000 At Stevens, all the stockbrokers, they all have license. So 2399 02:14:30.399 --> 02:14:33.880 that's not talking about the apps, right, So they're all 2400 02:14:34.600 --> 02:14:39.000 really really good. Yeah, perfect, Prince Jim. 2401 02:14:45.840 --> 02:14:49.560 I just want to be Prince. I have been listening 2402 02:14:49.640 --> 02:14:51.399 to your following for quite a while. 2403 02:14:52.159 --> 02:14:55.319 I want to appreciate you for your analysis and how 2404 02:14:55.399 --> 02:14:58.840 you've been giving us some cold cold, particular financial tips. 2405 02:14:59.439 --> 02:15:00.479 Hel appreciate you. 2406 02:15:01.119 --> 02:15:03.840 And lastly, I want to just ask from my booking 2407 02:15:05.439 --> 02:15:09.760 to the pocket minds, if it to be helpful to 2408 02:15:09.960 --> 02:15:12.319 grow somewhere, I'm ready to be gone. 2409 02:15:12.439 --> 02:15:13.560 That's what I'm just asking. 2410 02:15:14.600 --> 02:15:19.640 What can a millionaire investments? Or can I put him 2411 02:15:19.680 --> 02:15:21.319 a million investment into? 2412 02:15:21.680 --> 02:15:21.880 I can? 2413 02:15:23.920 --> 02:15:26.199 I can't answer that question. That's ask me to tell 2414 02:15:26.199 --> 02:15:28.079 you where to invest. I can answer that question. All 2415 02:15:28.119 --> 02:15:29.920 I will tell you is that you need to go 2416 02:15:30.079 --> 02:15:32.680 back to what I've said right. What is your objective? 2417 02:15:32.840 --> 02:15:33.640 Is it short term? 2418 02:15:33.840 --> 02:15:34.720 Is it long term? 2419 02:15:35.039 --> 02:15:37.560 Do you want to risk your capital? Are either an 2420 02:15:37.560 --> 02:15:41.000 appreciation of the capital or do you basically want to 2421 02:15:41.119 --> 02:15:45.199 protect the capital? Do you need liquidity? All these questions, 2422 02:15:45.319 --> 02:15:48.079 the answers you give would tell me where you can 2423 02:15:48.199 --> 02:15:50.319 invest at the moment, Like we did the percips with 2424 02:15:50.359 --> 02:15:52.840 the guy that just joined. How long do you want 2425 02:15:52.880 --> 02:15:54.960 your money for? If it's not to tell me how 2426 02:15:55.000 --> 02:15:57.920 my money next year, we're not gonna be talking about equities. 2427 02:15:57.960 --> 02:16:00.279 We're going to have only about fixed income. Right if 2428 02:16:00.319 --> 02:16:01.880 you say, oh, this is money that I need for 2429 02:16:01.960 --> 02:16:05.159 my retirement and is in ten years, ah, we're talking 2430 02:16:05.159 --> 02:16:08.439 about equities and all that kind of stuff. So because 2431 02:16:08.520 --> 02:16:10.399 I don't know you what I mean, I don't know you. 2432 02:16:10.600 --> 02:16:13.279 I haven't done a risk analysis, I haven't done an 2433 02:16:13.359 --> 02:16:15.800 investment objective with you. On you, I can't tell you 2434 02:16:15.840 --> 02:16:18.479 where to invest a million? What I continues with you. 2435 02:16:18.720 --> 02:16:22.520 Listen to this tape, last week's tape. Pull off the 2436 02:16:22.560 --> 02:16:25.199 tap that says, one, how I can invest a million? 2437 02:16:25.319 --> 02:16:30.159 That's a second most downloaded space level. How can I 2438 02:16:30.199 --> 02:16:32.920 invest a million? I shall on the Twitter handle today. 2439 02:16:33.200 --> 02:16:34.959 Sorry yesterday I said you go through yesterday. Today you 2440 02:16:35.000 --> 02:16:38.200 find out Twitter handle to post them in If you 2441 02:16:38.239 --> 02:16:40.479 listen to that space, you will hear a lot about 2442 02:16:40.520 --> 02:16:43.559 how you should approach invest in. You invest according to 2443 02:16:43.719 --> 02:16:46.760 your objectives. If you need this money back in one year, 2444 02:16:47.319 --> 02:16:49.840 you don't invest in certain investments even though they're going 2445 02:16:49.879 --> 02:16:52.200 to pay you more. That's the answer for you. So 2446 02:16:52.360 --> 02:16:56.120 you want to invest according to your objectives, not that 2447 02:16:56.120 --> 02:16:58.680 according to the returns. So if it's paying you more 2448 02:16:58.799 --> 02:17:02.639 returns but it does not meet your objectives, you can't 2449 02:17:02.760 --> 02:17:08.000 invest in it. Does that make sense? Okay? 2450 02:17:08.159 --> 02:17:09.239 Perfect, I got you. 2451 02:17:09.600 --> 02:17:13.280 Let's get Mariah Moriah Moriah. 2452 02:17:16.159 --> 02:17:16.600 I'm there. 2453 02:17:19.559 --> 02:17:21.760 I mean, yeah, I can hear you faintly, but I 2454 02:17:21.840 --> 02:17:22.959 can hear you. What's up? 2455 02:17:24.200 --> 02:17:27.159 Okay, I'm trying to final so much of people haven't 2456 02:17:27.399 --> 02:17:32.120 been here. So my question, my question is, you know, 2457 02:17:32.360 --> 02:17:36.479 his hum is about I and about it and about 2458 02:17:36.520 --> 02:17:39.440 how he had went to localize, you know, the. 2459 02:17:39.719 --> 02:17:42.079 Entire financial affect and. 2460 02:17:42.200 --> 02:17:46.920 For someone who you know, I actually I'm kind of 2461 02:17:47.000 --> 02:17:53.200 like I'm actually in the financial sector. Sarvist financial analyst, 2462 02:17:53.520 --> 02:17:57.159 you know, say so, I'm sometimes I'm really really scared 2463 02:17:57.200 --> 02:18:02.319 about you know, all this grubo analysts, grobo analyst, robo. 2464 02:18:02.520 --> 02:18:06.600 Ei that is actually coming up. So I'm really said about. 2465 02:18:06.559 --> 02:18:11.200 You know, the picture of financial anally and where it's going. 2466 02:18:11.760 --> 02:18:14.879 So I don't want to you know, you know about 2467 02:18:15.079 --> 02:18:19.079 it's actually worth chewing or give you you know, actually 2468 02:18:19.159 --> 02:18:21.639 was going in because it ain't a younger who is 2469 02:18:22.120 --> 02:18:25.760 going through you know that occupation, it is really worth 2470 02:18:25.840 --> 02:18:26.360 going into. 2471 02:18:27.079 --> 02:18:30.040 So I think about the analysts like the CFE something 2472 02:18:30.120 --> 02:18:30.239 like that. 2473 02:18:31.520 --> 02:18:35.680 Yeah, yes exactly, because I was also planning on writing the. 2474 02:18:37.680 --> 02:18:39.319 Start out with fact and. 2475 02:18:42.639 --> 02:18:44.799 Yeah, I would say you can't go you can't go 2476 02:18:44.920 --> 02:18:47.319 wrong with us. But what I was going to give 2477 02:18:47.319 --> 02:18:50.879 you it's still a machine. It's still a machine. Investors 2478 02:18:50.959 --> 02:18:53.159 still want a human to hold your hand. And when 2479 02:18:53.200 --> 02:18:56.319 you call a company, you talked to robots or if 2480 02:18:56.319 --> 02:18:58.079 you want to talk to to robots be telling you 2481 02:18:58.319 --> 02:18:59.920 or do this, do that, but you still want talk 2482 02:18:59.920 --> 02:19:03.040 to a human. So even though I know the AI 2483 02:19:03.319 --> 02:19:05.079 or the robots can help me, there are lots of 2484 02:19:05.319 --> 02:19:09.200 AI investment companies today that are just driven by AI alone. 2485 02:19:09.479 --> 02:19:13.319 You don't talk to a human, but people, the market 2486 02:19:13.440 --> 02:19:16.920 for a human advisor will never go away. And when 2487 02:19:16.920 --> 02:19:20.399 you're talking about what's going to happen, is that the CFAs, 2488 02:19:20.520 --> 02:19:22.959 the cfps are going to be the one that would 2489 02:19:23.000 --> 02:19:27.280 now arise in importance, not the quote and quote every 2490 02:19:27.440 --> 02:19:31.520 day analyst. So if you're just a banker, if they're 2491 02:19:31.719 --> 02:19:34.879 just a normal investment advisor, you are going to lose 2492 02:19:34.920 --> 02:19:37.280 your job in next play twenty five years because the 2493 02:19:37.399 --> 02:19:40.159 AI and the computer will take about what you can do. 2494 02:19:40.799 --> 02:19:45.879 But if you have an skill or accessibility like like CFA, CFPCCP, 2495 02:19:46.559 --> 02:19:51.280 I can you are adding value, not just intelligence on 2496 02:19:51.399 --> 02:19:55.559 how to pick stocks, but that human touch, emotional intelligence 2497 02:19:55.879 --> 02:19:58.559 that you can explain to someone why they should sell 2498 02:19:58.600 --> 02:20:01.399 their stocks and buy those that stock even though their 2499 02:20:01.760 --> 02:20:05.360 wife or their son like that stock. So that part 2500 02:20:05.399 --> 02:20:07.000 of the market is not going to go away. And 2501 02:20:07.120 --> 02:20:12.079 I would say that a CFA is an international license 2502 02:20:12.159 --> 02:20:13.959 for you. If you get the CFA today, you can 2503 02:20:14.120 --> 02:20:17.559 walk anywhere. So I would get it if I mean, 2504 02:20:17.600 --> 02:20:19.959 if you can get that, I will get it yesterday, right. 2505 02:20:20.040 --> 02:20:23.719 I wouldn't worry about the CD machines coming through yet. 2506 02:20:24.079 --> 02:20:27.840 I mean that's a worldwide mis in demand worldwide, so 2507 02:20:27.879 --> 02:20:31.520 I would say don't worry about it for now. Anything 2508 02:20:31.600 --> 02:20:35.479 that does not involves one plus one is it goes 2509 02:20:35.559 --> 02:20:39.920 to two, is in trouble. But anything that involves described 2510 02:20:40.079 --> 02:20:43.040 why two is one plus one is going to win? 2511 02:20:43.600 --> 02:20:46.520 Does that makes sense for you? Okay? 2512 02:20:46.680 --> 02:20:47.159 Thanks you that. 2513 02:20:49.040 --> 02:20:54.799 Okay, perfect perfect man? Good luck and good luck that Jamil, Jamil, 2514 02:20:54.799 --> 02:20:56.959 little hamster. How are you doing, sir Jamlin? What's up? 2515 02:21:04.280 --> 02:21:09.040 Can you hear me? All right, let's get let's get Julian, 2516 02:21:09.200 --> 02:21:10.760 Julian and what'sop man? 2517 02:21:13.000 --> 02:21:17.000 I have believing or good after the morning. Wherever we are, 2518 02:21:17.680 --> 02:21:19.440 it's good to hear your voice again. This is my 2519 02:21:19.559 --> 02:21:20.159 third space. 2520 02:21:22.079 --> 02:21:25.920 Yeah yeah, yeah, yeah cool. Okay. 2521 02:21:27.200 --> 02:21:29.520 First of all, I finally got the book, and I finally. 2522 02:21:29.319 --> 02:21:30.399 Got your book in Nigeria. 2523 02:21:31.280 --> 02:21:35.680 Uh yeah, and I got it from Ruben Heights, just 2524 02:21:35.799 --> 02:21:37.159 as you said I would. 2525 02:21:37.959 --> 02:21:41.639 So my question today is just I had the last 2526 02:21:41.639 --> 02:21:44.799 space I was on, I heard someone speak about. 2527 02:21:45.799 --> 02:21:48.639 Being able to open and maybe stop booking. 2528 02:21:48.440 --> 02:21:51.840 Accounts in Canada so you can have direct direct access 2529 02:21:51.879 --> 02:21:54.719 to the US market, start going through shows and shatters, 2530 02:21:54.760 --> 02:21:57.840 which have a lot of fees in between. 2531 02:21:58.639 --> 02:22:01.200 Do we have any provisions how to go about that? 2532 02:22:01.479 --> 02:22:02.840 And what about that? 2533 02:22:02.959 --> 02:22:08.680 That's my first question and my second question does not 2534 02:22:08.799 --> 02:22:11.079 what last person spoke about? 2535 02:22:12.520 --> 02:22:14.920 How effective or how. 2536 02:22:14.920 --> 02:22:19.600 Best can someone us all these pinch think tech. 2537 02:22:19.559 --> 02:22:23.559 Or AI power financial sites, something like pinch a I, 2538 02:22:24.559 --> 02:22:26.959 what's will be the best advice you kill? 2539 02:22:27.000 --> 02:22:28.040 And my last questions? 2540 02:22:28.040 --> 02:22:32.239 I think I will have three questions. I recommended financial. 2541 02:22:31.959 --> 02:22:34.959 Advisor in Nigeria who could help with the financial terrain 2542 02:22:35.000 --> 02:22:38.079 and that's good and knowledge about the space in Nigeria. 2543 02:22:38.360 --> 02:22:41.520 Thank you. So then I have how best to use 2544 02:22:42.200 --> 02:22:46.959 m A I and think I have recommend financial advice. 2545 02:22:47.200 --> 02:22:49.920 What's the first one? Again? It was okay, the Canada, Canada, 2546 02:22:50.040 --> 02:22:52.280 the Canadian one? So the Canadia one, I mean we 2547 02:22:52.399 --> 02:22:56.000 shared the link. I wish I shared the it's I 2548 02:22:56.159 --> 02:22:59.520 forget the name. It's based on the other space. I 2549 02:22:59.559 --> 02:23:01.879 think I pulled it up when she was speaking at 2550 02:23:01.879 --> 02:23:04.840 the last space. I think it's legit. I looked at 2551 02:23:04.879 --> 02:23:08.079 them to a license. If you can get registered with them, possibly, 2552 02:23:08.959 --> 02:23:11.600 she said, it's lower costs, but they do a lot 2553 02:23:11.600 --> 02:23:14.959 of KYC on you. It's worth trying. I haven't tried 2554 02:23:15.000 --> 02:23:17.239 them all, I said were registered in Canada, So if 2555 02:23:17.440 --> 02:23:21.120 it's all, can try them out? Possibly, right, I'm not 2556 02:23:21.120 --> 02:23:24.680 say anything wrong with that. How the best way to 2557 02:23:24.840 --> 02:23:28.280 use this AAR and F you know, I am very 2558 02:23:28.399 --> 02:23:31.600 jealous that in the year too before distance came out. 2559 02:23:32.120 --> 02:23:34.799 When I said to invest, it wasn't the more possible 2560 02:23:34.920 --> 02:23:39.360 to use AI or your phone to buy Nigerian stocks. 2561 02:23:39.920 --> 02:23:41.959 When I said to invest in Nigerian stocks, they were 2562 02:23:42.040 --> 02:23:46.040 not online. It was all paper driven. When you buy 2563 02:23:46.120 --> 02:23:48.440 a stock, you get the certer tickets. That's when I 2564 02:23:48.479 --> 02:23:52.200 started to invest. But now a kid sitting in Kuira 2565 02:23:52.319 --> 02:23:56.600 State can go on his phone, put Nyra on his 2566 02:23:56.799 --> 02:24:01.600 phone and buy Tesla stock. It's amazing, and the kids 2567 02:24:01.680 --> 02:24:04.360 are complaining. You know, the kids are complaining. So I 2568 02:24:04.440 --> 02:24:07.399 think it's the best way to use them is strateured 2569 02:24:07.440 --> 02:24:10.040 to use them. I think there's a lot of issue 2570 02:24:10.079 --> 02:24:12.159 about it costs a lot. Of course, it costs a 2571 02:24:12.200 --> 02:24:15.559 lot because you're buying from Nira. If you have dollar, 2572 02:24:15.600 --> 02:24:18.200 doesn't cost anything because you're buying from dollar, right question, 2573 02:24:18.360 --> 02:24:20.639 buying from Nira, of course it's gonna cost you a lot. 2574 02:24:21.760 --> 02:24:40.559 So yeah, I think I lost the space. Yeah, sorry, 2575 02:24:40.719 --> 02:24:44.920 I think I lost I think I got kicked out 2576 02:24:44.920 --> 02:24:47.319 of my own space. I got I gotta put, I 2577 02:24:47.440 --> 02:24:54.040 gotta mix some one of the joints. I just yeah, yeah, Julian, Julian, 2578 02:24:54.559 --> 02:24:58.959 They're gonna be a so sorry because I got kicked 2579 02:24:58.959 --> 02:25:02.200 out let's go back in here, all right, So essentially right, 2580 02:25:02.559 --> 02:25:07.000 so use it. If you're a guy in Nigeria, is 2581 02:25:07.079 --> 02:25:09.799 an option for you. So essentially what you now have 2582 02:25:10.079 --> 02:25:13.959 is that you have the opportunity to invest across the world. 2583 02:25:14.440 --> 02:25:17.639 Take advantage of that opportunity. You know, don't complain and 2584 02:25:17.719 --> 02:25:21.920 say it's expensive. It's expensive because it's in NIRA. I 2585 02:25:22.079 --> 02:25:26.639 get it. But what's the option you invest only in Ira? 2586 02:25:26.920 --> 02:25:27.040 Right? 2587 02:25:27.239 --> 02:25:31.200 You have apps that allows you to buy any product 2588 02:25:31.280 --> 02:25:36.159 you can buy Tesla, Microsoft across the world. So yeah, 2589 02:25:36.959 --> 02:25:40.120 I would say it's worth the cost. That's how But 2590 02:25:40.360 --> 02:25:43.319 because if you look at the cost of your exchange 2591 02:25:43.399 --> 02:25:47.680 rate compared to the cost of the Bindis shares, the 2592 02:25:47.760 --> 02:25:51.000 bandishes are still cheaper. So I would say good for that. 2593 02:25:51.520 --> 02:25:54.040 On recommending your personal advice. So the problem is that 2594 02:25:54.200 --> 02:25:57.680 we don't have cfps in Nigeria. We don't have that 2595 02:25:57.760 --> 02:26:01.120 sort of designation. We have stock broken as we have bankers. 2596 02:26:01.159 --> 02:26:02.680 We don't have like have an America where you can 2597 02:26:02.719 --> 02:26:04.120 go and so one can do a plan for you. 2598 02:26:04.600 --> 02:26:06.239 They are people that can do that plan for you, 2599 02:26:06.319 --> 02:26:08.760 whether like a banker or talk broker. I don't know 2600 02:26:08.799 --> 02:26:12.000 how much you want to spend on them money Africa, 2601 02:26:12.559 --> 02:26:14.840 Shaddy two of them. They do a pretty good job 2602 02:26:14.920 --> 02:26:16.280 if you got me, if you go see them. I 2603 02:26:16.319 --> 02:26:19.040 don't know what you want to do specifically, if you 2604 02:26:19.239 --> 02:26:21.000 if it's what do you want to do this? If 2605 02:26:21.040 --> 02:26:23.159 you want to get a plan, I want to invest 2606 02:26:23.239 --> 02:26:27.719 with exactly with that guy, No, I will I want 2607 02:26:27.799 --> 02:26:30.680 to plan. Of course, I plan ocean. 2608 02:26:31.040 --> 02:26:33.079 So I want to start having a financial plan for 2609 02:26:33.159 --> 02:26:38.319 the next five years to invest and grow grow my my, my, my, 2610 02:26:39.639 --> 02:26:42.040 my assets and have some tangible assets. 2611 02:26:41.719 --> 02:26:44.440 That I can I think, I think, I think you 2612 02:26:44.520 --> 02:26:47.879 can get that in America and just tell them the 2613 02:26:48.239 --> 02:26:50.200 variables in Niger and they can do that plan for 2614 02:26:50.280 --> 02:26:53.479 it because all they need right is your inflation rate 2615 02:26:54.079 --> 02:26:58.120 you're expected like your rit of growth of the currency. 2616 02:26:58.639 --> 02:27:01.159 We want to attack things like that, but I think 2617 02:27:01.200 --> 02:27:02.680 they will struggle a bit, but they will give you 2618 02:27:02.799 --> 02:27:07.959 an so like a framework more less because they can 2619 02:27:08.120 --> 02:27:11.360 tell you, okay, then you're just gonna grow to five percent. 2620 02:27:11.479 --> 02:27:14.760 So when it discounted, men, it's gonna be it's gonna 2621 02:27:14.760 --> 02:27:17.920 be a lot. Because the way the way this match 2622 02:27:18.079 --> 02:27:21.600 cautos work is that there's a discounting number and I 2623 02:27:21.639 --> 02:27:25.000 don't think there's those things are designed for Nigeria. Nigeria 2624 02:27:25.120 --> 02:27:29.319 numbers because when I do discounting here, we're doing five 2625 02:27:29.760 --> 02:27:33.799 four percent. If you go tell them that you have 2626 02:27:34.440 --> 02:27:38.600 a risk claim Nigeria is twenty nine percent. What that 2627 02:27:38.840 --> 02:27:41.840 means that when they want to invest for your pension, 2628 02:27:42.479 --> 02:27:47.120 they have to discount by twenty five percent. We miss 2629 02:27:47.239 --> 02:27:52.920 in in in four years. They've discounted your principle. 2630 02:27:53.920 --> 02:27:54.600 That's what it means. 2631 02:27:55.559 --> 02:27:59.799 So yeah, so but then they have to also grow it. 2632 02:28:00.040 --> 02:28:03.319 There's also the official but I don't believe that that 2633 02:28:03.760 --> 02:28:06.399 just can work with that. But why don't you let 2634 02:28:06.399 --> 02:28:08.280 me let me see what you want to do, D 2635 02:28:08.399 --> 02:28:10.200 and me and then we'll take it from there. Yeah, 2636 02:28:11.559 --> 02:28:21.280 that's cool. Thank you, all right, you good man, mister Carl. 2637 02:28:21.479 --> 02:28:21.959 How are you doing? 2638 02:28:23.360 --> 02:28:26.760 Thank you very much for you know, you know that you. 2639 02:28:26.879 --> 02:28:33.239 Share on this platform. I mean just just specifically say, 2640 02:28:33.479 --> 02:28:37.120 I mean that's one of those did you you had 2641 02:28:37.239 --> 02:28:38.200 his pace like this? 2642 02:28:38.760 --> 02:28:42.639 I mean talking about an investment platform that I just 2643 02:28:43.920 --> 02:28:47.959 let me try and yeah, I then. 2644 02:28:47.879 --> 02:28:48.719 Some good money, sir. 2645 02:28:50.959 --> 02:28:51.840 When people get. 2646 02:28:51.719 --> 02:28:53.760 Stuff like that, you'll come back and say thank you. 2647 02:28:54.120 --> 02:28:57.079 So when you say, are you gonna say thank you? 2648 02:28:57.159 --> 02:28:59.319 With mouth. You won't send me anything any. 2649 02:29:01.680 --> 02:29:04.840 When I when when, when I have the opportunity to 2650 02:29:05.440 --> 02:29:07.200 to specifically do that, I would do that. 2651 02:29:07.399 --> 02:29:11.360 I mean I know what I got, so yeah, definitely, 2652 02:29:11.840 --> 02:29:16.680 I mean it's not that. Yeah. 2653 02:29:16.959 --> 02:29:24.360 So I I buy stocks with Bamboo and True. 2654 02:29:27.040 --> 02:29:34.280 Boots, nag stocks and US. But there's something that I 2655 02:29:34.559 --> 02:29:36.639 saw those two stocks. 2656 02:29:38.639 --> 02:29:41.399 If you go there, you'll find out that for these 2657 02:29:42.000 --> 02:29:46.120 stocks of the same company, the lables. 2658 02:29:47.280 --> 02:29:49.559 In their prizes, it's not the same thing. 2659 02:29:50.479 --> 02:29:56.920 And so specifically, have some maybe market sens. 2660 02:29:56.799 --> 02:29:57.399 To the information. 2661 02:29:57.639 --> 02:30:02.840 I made some uh, I got some stocks, and I 2662 02:30:02.920 --> 02:30:06.879 then found out that on one of the platforms, the 2663 02:30:06.959 --> 02:30:13.639 stocks moved on the platform. This is was technique interesting. 2664 02:30:16.680 --> 02:30:20.040 So I I on the on the platform that moved 2665 02:30:21.239 --> 02:30:21.959 I actually saw. 2666 02:30:23.000 --> 02:30:27.280 I just kept it for like one and a half. 2667 02:30:27.120 --> 02:30:31.079 Months, and I got some good appreciations and I showed 2668 02:30:31.159 --> 02:30:31.440 the talk. 2669 02:30:31.760 --> 02:30:35.239 So you said the other platform, just you are saying 2670 02:30:35.239 --> 02:30:38.840 that like the same stock one or one platform had 2671 02:30:38.879 --> 02:30:41.079 gone up in price on the that plot and it 2672 02:30:41.200 --> 02:30:43.120 was fasting price. The price had immoved. 2673 02:30:43.719 --> 02:30:45.479 Yeah, it didn't move. 2674 02:30:47.520 --> 02:30:48.000 Impact. 2675 02:30:48.680 --> 02:30:53.680 In fact, on one of the platforms the movement was 2676 02:30:54.399 --> 02:30:56.719 almost like fifteen. 2677 02:30:56.319 --> 02:31:01.520 Percent and it did move on this platform. 2678 02:31:01.600 --> 02:31:05.399 In fact, I treated at them and I said, guys, 2679 02:31:05.479 --> 02:31:06.399 what's happening here? 2680 02:31:07.200 --> 02:31:08.159 These talks moved on. 2681 02:31:08.239 --> 02:31:09.120 This on the platform. 2682 02:31:09.959 --> 02:31:13.360 Yeah, it was just that it didn't move. I do guys. 2683 02:31:15.399 --> 02:31:18.280 What did they say is it's not market reglecting. 2684 02:31:19.280 --> 02:31:20.000 You know what? 2685 02:31:20.479 --> 02:31:21.000 What did they say? 2686 02:31:21.159 --> 02:31:24.120 I don't before it is fun? 2687 02:31:25.040 --> 02:31:27.479 Wow, you said, I've taken a screenshot and reported them 2688 02:31:27.520 --> 02:31:30.280 to the nydra stock astume just take a screen shot, 2689 02:31:30.319 --> 02:31:33.799 because really did All they do is just like a television. 2690 02:31:34.319 --> 02:31:37.879 Your TV does not generate images, it's it's relaying images 2691 02:31:37.959 --> 02:31:41.120 from someone else, right, So imagine if my TV is 2692 02:31:41.200 --> 02:31:43.959 showing me, your TV is showing you Chelsea. Doesn't make 2693 02:31:44.000 --> 02:31:47.479 any sense from the same stadium. Right, So you said that, 2694 02:31:48.239 --> 02:31:51.200 I'm sure it was the technical applage, which means that 2695 02:31:51.399 --> 02:31:53.600 I could do an abbit. I could have bought and 2696 02:31:53.760 --> 02:31:56.719 sold on between platforms that making lots of money. It's 2697 02:31:56.760 --> 02:32:00.680 not impossible. That was you're saying. So if I think 2698 02:32:00.680 --> 02:32:03.319 it's really taking the screenshot and held them into account, 2699 02:32:03.399 --> 02:32:07.120 because that's what it means, I can buy on the 2700 02:32:07.200 --> 02:32:09.920 one that didn't move and sell to the one that 2701 02:32:10.079 --> 02:32:13.479 moved and make a lot of money. That's the problem. 2702 02:32:14.079 --> 02:32:17.200 So yeah, that's that's that's very unportunity. 2703 02:32:17.280 --> 02:32:23.120 Yeah, okay, So I mean I just I saw it, 2704 02:32:23.319 --> 02:32:26.399 and I mean it was it was a bit concerning 2705 02:32:26.479 --> 02:32:30.920 because on the platform that didn't move, I bought almost. 2706 02:32:30.559 --> 02:32:31.360 Like times five. 2707 02:32:31.680 --> 02:32:37.200 Yeah, and the platform that move that was like I 2708 02:32:37.360 --> 02:32:39.399 bought like twenty percent on the platform. 2709 02:32:39.079 --> 02:32:42.680 That move, I got like times fried on the platform 2710 02:32:42.719 --> 02:32:43.280 that they moved. 2711 02:32:43.319 --> 02:32:47.280 So well, you are the one that, like I said, 2712 02:32:47.319 --> 02:32:49.559 you took you took advantage of it. You took advantage 2713 02:32:49.600 --> 02:32:49.719 of it. 2714 02:32:49.799 --> 02:32:52.600 It is the loss because essentially what's going to happen 2715 02:32:53.239 --> 02:32:56.319 when they place your order in the stock market, They're 2716 02:32:56.360 --> 02:32:59.000 going to pay the real price. So you made money 2717 02:32:59.040 --> 02:33:03.760 off there. Yeah yeah when they go to buy. And 2718 02:33:03.799 --> 02:33:05.479 I'm surprised they didn't they didn't come back to you, 2719 02:33:05.559 --> 02:33:09.639 because that shows poor risk management on their part because 2720 02:33:09.680 --> 02:33:12.479 when they trade, they will see the difference because they 2721 02:33:12.520 --> 02:33:18.360 are you just made it happy charge of them. Yeah. 2722 02:33:18.520 --> 02:33:20.600 So I got so. 2723 02:33:21.159 --> 02:33:27.319 I I know that as I've been having this conversation, 2724 02:33:27.840 --> 02:33:30.479 nobody has that. And usually what I do is are 2725 02:33:30.520 --> 02:33:35.280 really by almost the same stocks on those two different platforms. 2726 02:33:35.440 --> 02:33:38.760 Yeah, I mean almost similar stocks. 2727 02:33:39.280 --> 02:33:41.799 But most times I have I have stocks from both 2728 02:33:41.879 --> 02:33:43.920 platforms from the same company. 2729 02:33:45.200 --> 02:33:46.440 Sometimes I can decide to. 2730 02:33:48.479 --> 02:33:51.159 Yees, yeah, that's that's why we we will do all that. 2731 02:33:51.520 --> 02:33:54.440 If what I experienced it didn't take. 2732 02:33:56.000 --> 02:34:01.079 That's crazy picture. Ye sorry about Okay, guys, we'll be 2733 02:34:01.159 --> 02:34:04.479 here about two hours. Testimutes were in the end of year. 2734 02:34:04.559 --> 02:34:07.079 If you have shared the checklist with you guys on 2735 02:34:07.200 --> 02:34:10.040 what you want to get done, Investing is not just 2736 02:34:10.520 --> 02:34:13.000 Iran Cobe is also making sure you dog your eyes 2737 02:34:13.040 --> 02:34:16.440 and your teas, your next of kids, your estate plans 2738 02:34:16.479 --> 02:34:18.079 and all that. So make sure you guys do that. 2739 02:34:18.239 --> 02:34:21.360 Don't just don't look at investing n Iran Cobo. Make 2740 02:34:21.440 --> 02:34:23.639 sure you also clean out. You have your ship, does 2741 02:34:24.000 --> 02:34:26.159 you've gone to your brokers. You've got to your dividends 2742 02:34:26.200 --> 02:34:28.959 for the year. Get all that done this year, so 2743 02:34:29.239 --> 02:34:32.719 next year you have queen books. You are starting off 2744 02:34:32.799 --> 02:34:36.639 fresh and all that right. Jamilu hi hi Jermalo hamster 2745 02:34:36.639 --> 02:34:43.639 and what's up? Jamilo calls you twice now, so let's 2746 02:34:43.719 --> 02:34:48.239 go to Okay at del Wally, Okay at de Walley 2747 02:34:48.600 --> 02:34:54.920 Investor finance. Too much knowledge int in nearly enough for me? 2748 02:34:55.920 --> 02:34:57.680 Okay what I but let me ask you a few 2749 02:34:57.920 --> 02:35:02.600 questions here on the timeline. Someone is asking about if 2750 02:35:02.680 --> 02:35:07.719 I use international those stocks to get to train in nationally. Well, 2751 02:35:07.879 --> 02:35:11.040 I get this CSCs number, so let me explain that. 2752 02:35:11.120 --> 02:35:16.040 We explained this last week. Sorry. When you want to 2753 02:35:16.079 --> 02:35:20.120 buy stocks in Nigeria, you can buy stocks without the CSS, right, 2754 02:35:20.680 --> 02:35:23.799 But the CSS is where you want to settle. You 2755 02:35:23.879 --> 02:35:27.920 want to take your your your stocks to and settle CSCs. 2756 02:35:28.840 --> 02:35:33.360 It's like your post office box. You buy stocks, then 2757 02:35:33.399 --> 02:35:36.280 you can put it to your CSCs. If you use 2758 02:35:36.360 --> 02:35:39.440 those training apps, they have their own CSOs that they 2759 02:35:39.479 --> 02:35:41.000 can use to buy and self for you. This is 2760 02:35:41.159 --> 02:35:43.360 why they open up their own When you want to 2761 02:35:43.399 --> 02:35:45.920 buy and sell, they can buy and sell from their 2762 02:35:46.000 --> 02:35:49.200 box to the next person. So it's easier for you. Right, 2763 02:35:49.559 --> 02:35:53.000 But if you do yours, you have to take it 2764 02:35:53.079 --> 02:35:55.959 from your CSCs give it to them to buy and sell. 2765 02:35:56.079 --> 02:35:58.840 So it's your call. You can use THEIRS or you 2766 02:35:58.959 --> 02:36:02.799 can keep your I'm just seeing that President jimmykath has 2767 02:36:02.920 --> 02:36:05.280 just passed at the age of one hundred rest in 2768 02:36:05.360 --> 02:36:12.879 pi Okay. I believe, Yeah, I believe. 2769 02:36:13.520 --> 02:36:15.600 Thanks for the knowledge. 2770 02:36:15.680 --> 02:36:22.879 Yeah, that does take clarification, So I'm someone that likes 2771 02:36:22.920 --> 02:36:26.600 to buy a US stuff. So when I'm pretty long time, 2772 02:36:26.920 --> 02:36:29.000 maybe fifteen years at minimum. 2773 02:36:29.760 --> 02:36:33.000 So presently I've been trying to force whateverywhere you have. 2774 02:36:33.200 --> 02:36:35.360 If there is a way so that it can be 2775 02:36:35.399 --> 02:36:37.040 in Nigeria, I have. 2776 02:36:37.159 --> 02:36:40.600 It broken in US because of nagurant situation. You know, 2777 02:36:40.680 --> 02:36:41.200 when you're. 2778 02:36:41.079 --> 02:36:44.879 Thinking long you have to put something into consideration. No, 2779 02:36:45.000 --> 02:36:52.040 because sometimes you can't describe pica about Nigerian Nigerian financial whatever. 2780 02:36:52.520 --> 02:36:55.159 Naguran to me, I don't put too much. 2781 02:36:55.079 --> 02:36:55.680 Trust in them. 2782 02:36:55.719 --> 02:36:58.239 So when you're looking at a long time, many things 2783 02:36:58.280 --> 02:36:58.760 can happen. 2784 02:36:59.520 --> 02:37:03.319 Talking about fifteen twenty time intivation. 2785 02:37:02.840 --> 02:37:06.920 Whatever you're planning to do it stop, give your stock 2786 02:37:07.360 --> 02:37:09.399 and it's talk to you like during the last yea 2787 02:37:10.079 --> 02:37:13.760 many years and I'm putting in a place in case 2788 02:37:14.120 --> 02:37:17.760 to fight the future of what today. I want to 2789 02:37:17.920 --> 02:37:21.760 ask if there is anyway someone can get us broker 2790 02:37:22.520 --> 02:37:26.440 because to me, I believe there is a discipline the integrating. 2791 02:37:27.799 --> 02:37:28.520 Those areas. 2792 02:37:28.600 --> 02:37:30.680 So this is what I'm looking at, is there is 2793 02:37:30.680 --> 02:37:32.959 there any way someone can get a broken from doing 2794 02:37:33.479 --> 02:37:36.120 and you start trading from like during No, I think. 2795 02:37:36.719 --> 02:37:38.920 It's two ways. It depends if you have a social 2796 02:37:39.239 --> 02:37:43.000 Security number. If you have the social security number, yes 2797 02:37:43.079 --> 02:37:45.239 you can get the US broker. If you don't have 2798 02:37:45.360 --> 02:37:48.239 a social secuting number, you have to use those apps 2799 02:37:48.319 --> 02:37:51.000 because those apps are using a broker in the US. 2800 02:37:51.159 --> 02:37:53.360 That's basically what they are doing. So it is that 2801 02:37:53.639 --> 02:37:56.760 basically how you are registered. More or less if you 2802 02:37:56.799 --> 02:38:01.079 don't have a social from the UK and US, the same. 2803 02:38:00.920 --> 02:38:03.040 Thing named you. 2804 02:38:03.360 --> 02:38:05.559 I'm president with the normal intech. 2805 02:38:06.120 --> 02:38:11.319 So you can only do the bamboos, the shakas and 2806 02:38:11.440 --> 02:38:15.120 the cal wise. Yes, that's what I'm looking at. 2807 02:38:15.239 --> 02:38:18.879 The amount of looking at the future is what you know. 2808 02:38:21.399 --> 02:38:22.479 Until you can look like. 2809 02:38:24.159 --> 02:38:28.319 Okay, okay, okay, okay, I've answered right. If you can't 2810 02:38:28.399 --> 02:38:30.000 get it, you can't use a broke up because you 2811 02:38:30.079 --> 02:38:34.760 have a social you can ask your Nigerian fintech have 2812 02:38:34.959 --> 02:38:38.360 to open up a CS for yous for you. In America, 2813 02:38:39.399 --> 02:38:42.239 you can still do that one. But remember when they 2814 02:38:42.360 --> 02:38:44.559 do that for you, if you want to sell that share, 2815 02:38:44.680 --> 02:38:46.479 you have to go and look for someone that will 2816 02:38:46.559 --> 02:38:50.159 take it from your account, put it in the account. 2817 02:38:50.159 --> 02:38:50.719 And sell it. 2818 02:38:51.520 --> 02:38:54.239 So it's more if if you many money tomorrow, you 2819 02:38:54.280 --> 02:38:55.959 can get it tomorrow because you have to first of all, 2820 02:38:56.040 --> 02:38:59.280 transfer it to the broker. And because it's a small 2821 02:38:59.280 --> 02:39:03.840 amount of mental answer. But without a social you can't 2822 02:39:03.920 --> 02:39:05.360 have an account in your name. 2823 02:39:05.760 --> 02:39:07.840 We're talking about walking out by. 2824 02:39:10.159 --> 02:39:12.239 It doesn't matter how much. If you don't have a 2825 02:39:12.399 --> 02:39:15.319 social you can't open up a stop broken account in 2826 02:39:15.479 --> 02:39:21.559 your name in the US. You're very welcome to all right, 2827 02:39:21.719 --> 02:39:33.639 let's get more funable, Oh mister, yeah, well so please? 2828 02:39:33.680 --> 02:39:41.079 Also, uh, is there up for day treading in ninety 2829 02:39:41.399 --> 02:39:42.600 four US stops? 2830 02:39:42.959 --> 02:39:43.000 Not? 2831 02:39:44.680 --> 02:39:46.600 No, you can't do the treading. Don't let you do 2832 02:39:46.840 --> 02:39:48.920 because the needs you need to help you need to 2833 02:39:48.959 --> 02:39:51.760 be credited or something like that. So it's really hard 2834 02:39:51.760 --> 02:39:53.479 for you to be day treading even if you can. 2835 02:39:54.559 --> 02:39:59.040 The volume, the your internet speed here not allow you. 2836 02:39:59.280 --> 02:40:05.079 So because you are training in milliseconds and lots of currencies, 2837 02:40:05.200 --> 02:40:10.479 a lot of volume, So I don't think so yeah, okay, 2838 02:40:12.399 --> 02:40:16.239 thank you, thanks cyber. 2839 02:40:20.520 --> 02:40:21.719 Hi you good giving everyone. 2840 02:40:26.079 --> 02:40:30.719 Yes, So man is on amy recent graduates, right, and 2841 02:40:31.239 --> 02:40:35.159 I'm currently a radiography in turn, so. 2842 02:40:37.079 --> 02:40:39.639 I kind of like a sorry coming in for now 2843 02:40:39.840 --> 02:40:43.719 for like a specified period of time. Okay, So I'm 2844 02:40:43.840 --> 02:40:48.440 have a few questions as regarding the stock matches both 2845 02:40:48.600 --> 02:40:51.520 the US stock markets and the Andrean stock markets. 2846 02:40:52.440 --> 02:40:55.159 Okay, so also yes, I'm doing well, thank you. 2847 02:40:55.879 --> 02:40:56.760 I didn't get apart. 2848 02:40:57.239 --> 02:41:01.639 So then the first question is say you maybe get 2849 02:41:01.760 --> 02:41:06.200 salary three hundred k two whatever and the professional Okay, 2850 02:41:06.200 --> 02:41:09.920 I'm going to take twenty percent and invested in. 2851 02:41:09.959 --> 02:41:11.280 The store Markelets for example. 2852 02:41:11.760 --> 02:41:14.879 So for example, say you have physic ke and the 2853 02:41:14.959 --> 02:41:18.040 fist small whether you say you have a physic key 2854 02:41:18.719 --> 02:41:20.040 right for your. 2855 02:41:20.000 --> 02:41:21.360 Whole investment at all? 2856 02:41:21.520 --> 02:41:24.040 Like in the stock markets, how would you use. 2857 02:41:24.159 --> 02:41:29.879 Place it into the US stocks and into Nigerian stocks? 2858 02:41:30.079 --> 02:41:35.079 That's one now concerning the US stock market trait. Now 2859 02:41:35.280 --> 02:41:37.840 knowing that we have ETAs you know, we have good funds. 2860 02:41:37.879 --> 02:41:49.639 Or good stores. I lost today, can you hear. 2861 02:41:51.600 --> 02:41:53.200 No? I thank you lot too? 2862 02:41:54.040 --> 02:42:01.000 Okay, given a few says, can it doesn't come? Then 2863 02:42:01.200 --> 02:42:04.680 just answer the question she asked because I can't hear her, 2864 02:42:06.040 --> 02:42:07.959 cyber man, if you can hear me, I can hear you. 2865 02:42:08.159 --> 02:42:09.719 You want to if I want to drop off and 2866 02:42:10.040 --> 02:42:21.239 hop back in again, okay, let me get us. We're 2867 02:42:21.280 --> 02:42:23.920 gondn't hear you dropped off? Is it possible? 2868 02:42:24.000 --> 02:42:24.200 You you? 2869 02:42:24.479 --> 02:42:26.959 I got the first question? Can you ask the second 2870 02:42:27.040 --> 02:42:27.600 question again? 2871 02:42:27.760 --> 02:42:28.959 Okay, I'm not audible. 2872 02:42:29.040 --> 02:42:31.639 Can you hear me? I can the second question I 2873 02:42:31.680 --> 02:42:33.600 didn't hear at all. Can you ask it again? The 2874 02:42:33.680 --> 02:42:40.559 second question? I'm going to go now, Yes you are, Yeah, 2875 02:42:40.639 --> 02:42:43.440 I can hear you say your second question? Can you 2876 02:42:43.520 --> 02:42:54.799 ask again? Okay? Can you hear me? Cyber? Hello? 2877 02:42:56.559 --> 02:42:59.159 I think so. 2878 02:42:59.280 --> 02:43:02.280 I won't answer till to I know she can hear me. 2879 02:43:02.719 --> 02:43:04.959 She can hear her answer. Let me try to get 2880 02:43:06.559 --> 02:43:09.479 are you able to speak? Well, we've got about fifteen 2881 02:43:09.559 --> 02:43:11.479 this more or shut down before the only because he 2882 02:43:11.559 --> 02:43:14.159 hears the answer. But are you ready to speak? Sir? 2883 02:43:16.799 --> 02:43:19.239 When I going on? He's here but doesn't want to speak. 2884 02:43:19.280 --> 02:43:21.680 Let me drop drop him so that way we don't 2885 02:43:21.840 --> 02:43:26.879 wait for him. Perfect Cyber is requesting to speaking. 2886 02:43:27.319 --> 02:43:28.639 I have added you back, Cyber. 2887 02:43:28.719 --> 02:43:37.479 Can you hear me? She's back on to speak. I'm 2888 02:43:37.520 --> 02:43:39.040 not sure she can hear him. Can you hear me, ma'am? 2889 02:43:43.799 --> 02:43:51.719 Can you hear me? Okay, let's let's move on. Let 2890 02:43:51.760 --> 02:43:53.760 me see all right, so good time to look at 2891 02:43:53.799 --> 02:43:57.399 the spend about the c s ES. If you get 2892 02:43:57.399 --> 02:43:59.280 a c s S in America, you can do that, 2893 02:43:59.520 --> 02:44:05.040 but it it became more difficult to sell instantly or otherwise. 2894 02:44:05.319 --> 02:44:08.959 Also the same with Nigeria educational cess. It's safer you 2895 02:44:09.040 --> 02:44:11.680 keep on your stock here, but does what makes it 2896 02:44:11.719 --> 02:44:14.719 difficult for to sell or with ease or with efficiency 2897 02:44:14.840 --> 02:44:20.239 if you use theirs. Let's see most of it. Someone's asking, 2898 02:44:20.319 --> 02:44:23.200 can you talk about the gold market? Yeah, if it 2899 02:44:23.239 --> 02:44:25.479 can be a bit more, if you can clarify what 2900 02:44:25.600 --> 02:44:28.360 you buy a gold market. I'm talking about buying gold 2901 02:44:28.879 --> 02:44:32.479 itself as a security, as an actual goal bard or 2902 02:44:32.600 --> 02:44:36.120 buying goals certificates. There are many ways I can invest 2903 02:44:36.200 --> 02:44:39.600 in goal, but goal itself as an investment seen as 2904 02:44:39.639 --> 02:44:43.079 a hedge, what means it would pay you any returns? 2905 02:44:43.200 --> 02:44:46.920 It's just a hedge against for the asset prices. And 2906 02:44:47.719 --> 02:44:50.360 one goal has been good up in price or recent 2907 02:44:50.520 --> 02:44:53.959 because the Chinese and the Russians that bind a lot 2908 02:44:54.040 --> 02:44:57.760 of gold because of the sanctions against them. So I'm 2909 02:44:57.799 --> 02:45:00.559 not sure if you'll stop buying. But also to be 2910 02:45:00.680 --> 02:45:02.600 that investment where you want to buy or have a 2911 02:45:02.639 --> 02:45:05.799 little bit off in your portfolio and that doesn't pay 2912 02:45:05.840 --> 02:45:09.040 you anything, just like it's like a defense against inflation. 2913 02:45:09.239 --> 02:45:15.639 Keep that so keep that in mind. Cyber, you asked 2914 02:45:15.680 --> 02:45:18.600 a great question outside I'm not sure if you can. 2915 02:45:18.600 --> 02:45:21.040 Hear me, yes, I can hear you know. 2916 02:45:21.120 --> 02:45:24.959 I'm sorry, not the problem I got the first question. 2917 02:45:25.239 --> 02:45:26.280 What's the second question? 2918 02:45:27.840 --> 02:45:28.040 Okay? 2919 02:45:28.040 --> 02:45:28.840 The second question? 2920 02:45:29.639 --> 02:45:31.719 Okay, the second question is do they say you already 2921 02:45:31.840 --> 02:45:33.840 have splittered the money into. 2922 02:45:34.120 --> 02:45:36.959 For the US stock markets and twenty nine stock markets and. 2923 02:45:37.000 --> 02:45:38.079 Then the use of markets? 2924 02:45:38.559 --> 02:45:41.360 According to my I need to knowledge it's more than advance, right, 2925 02:45:41.719 --> 02:45:45.760 its great stocks and give you sto and rest of all, 2926 02:45:46.959 --> 02:45:51.280 what percentage of the money would you push into these 2927 02:45:51.399 --> 02:45:54.879 different sectors or these different stocks? Right? 2928 02:45:55.319 --> 02:45:57.559 And what range of iteas would you look at first? 2929 02:45:58.799 --> 02:45:59.879 For someone in the spence? 2930 02:46:00.159 --> 02:46:02.879 Yes, okay, let's let's let's use you as a case 2931 02:46:02.879 --> 02:46:06.639 study if you don't mind, right, So, so the good 2932 02:46:06.799 --> 02:46:09.360 questions you want you you want to you have about 2933 02:46:09.600 --> 02:46:12.840 three the key you want to invest twenty I have 2934 02:46:13.000 --> 02:46:18.760 like sixty k for example as a one, two, three, four, five? Okay, 2935 02:46:18.799 --> 02:46:24.040 fifty k, right, that's the total amount you want to invest? Correct? 2936 02:46:25.479 --> 02:46:25.680 Yeah? 2937 02:46:26.120 --> 02:46:28.520 Okay? And then you want to do twenty percent? No, 2938 02:46:28.680 --> 02:46:29.040 fifty k? 2939 02:46:29.280 --> 02:46:29.399 Is it? 2940 02:46:29.559 --> 02:46:30.000 Is it? Okay? 2941 02:46:30.040 --> 02:46:30.360 Fifty k? 2942 02:46:30.479 --> 02:46:31.159 But what investor? 2943 02:46:31.280 --> 02:46:31.399 Right? 2944 02:46:31.680 --> 02:46:33.920 You want to do a split? And you go about 2945 02:46:34.040 --> 02:46:37.959 twenty something years, right, So obviously we're looking at the 2946 02:46:38.079 --> 02:46:40.840 long term. You need liquidity in the next ten, liquidity 2947 02:46:41.079 --> 02:46:41.719 in time soon. 2948 02:46:43.399 --> 02:46:46.440 No, no, no, I'm thinking ten, five, twenty. 2949 02:46:46.600 --> 02:46:47.079 I don't know how. 2950 02:46:47.639 --> 02:46:49.319 I'm not Harry, I got you. 2951 02:46:49.600 --> 02:46:51.879 So, I mean, if I was twenty years old, twenty 2952 02:46:51.920 --> 02:46:54.399 five years old, I have to invest fifty K. I 2953 02:46:54.440 --> 02:46:57.840 would just buy the the cheapest investment, like Alad with 2954 02:46:57.879 --> 02:47:01.000 that as a five food for my career, go to 2955 02:47:01.079 --> 02:47:06.120 the US. The cheapest equity investment allows to death as five. 2956 02:47:06.600 --> 02:47:09.399 Because you've said you have a long term horizon, you 2957 02:47:09.520 --> 02:47:12.920 said you are, okay, we don't need liquidity. What about 2958 02:47:13.000 --> 02:47:16.840 your your your own risk the market crashes two years time, 2959 02:47:17.319 --> 02:47:19.040 do you want your money back or can you waste 2960 02:47:19.159 --> 02:47:22.479 the next eight years to get the money back? Okay? 2961 02:47:22.559 --> 02:47:25.000 So that's that's something simile. I was going to litter 2962 02:47:25.879 --> 02:47:27.959 in my third year and that's fairing. 2963 02:47:28.120 --> 02:47:29.159 So I got Tesler. 2964 02:47:29.559 --> 02:47:34.639 I got tested there at three twenty something. I think 2965 02:47:34.760 --> 02:47:37.719 my procories had to do at around August, there was 2966 02:47:37.760 --> 02:47:41.520 a stock really stock split three issue one and test 2967 02:47:41.600 --> 02:47:44.719 I felt as well as the one hundred and nine. Okay, 2968 02:47:46.120 --> 02:47:48.879 this month is the first time that the fraction of 2969 02:47:48.920 --> 02:47:52.879 shares I bought us adnly do as it. So I'm 2970 02:47:52.959 --> 02:47:55.360 really not bothered because my versions are the ready shattered 2971 02:47:55.520 --> 02:47:58.239 mimuss have been shattered already. So yeah, I wanted to 2972 02:47:58.360 --> 02:48:01.920 get into maybe like automatic saving automatic interesting. So in 2973 02:48:02.079 --> 02:48:05.040 things like this, when the market goes down very high 2974 02:48:05.360 --> 02:48:08.000 without emotion attached and still profit it. 2975 02:48:08.479 --> 02:48:10.159 Okay, what what would you say if I told you 2976 02:48:10.239 --> 02:48:13.680 that when the stock for Tesla was split, the share 2977 02:48:13.760 --> 02:48:17.239 price didn't actually go down because they gave you more shares, 2978 02:48:17.639 --> 02:48:19.440 So you just adjust to the stock price. Then I 2979 02:48:19.479 --> 02:48:20.520 want to make you feel better. 2980 02:48:22.719 --> 02:48:23.479 It's too bad. 2981 02:48:24.079 --> 02:48:26.840 Because you got more shares when they do a stock split. Right, 2982 02:48:26.879 --> 02:48:28.959 if you have one If you have a share, that 2983 02:48:29.120 --> 02:48:32.840 is what's ten nira and it's training twenty for tennira. 2984 02:48:33.000 --> 02:48:35.200 So you have a stock price right training for ten narraw. 2985 02:48:35.319 --> 02:48:37.959 You have one share? If I do it one for 2986 02:48:38.120 --> 02:48:41.719 one split, right, I give you another share, so you 2987 02:48:41.840 --> 02:48:44.719 now have two shares. But the stock price can't be 2988 02:48:44.840 --> 02:48:48.520 ten narra. The stock prices become five narra, So you 2989 02:48:48.639 --> 02:48:52.680 now have two shares. What five narra each make it 2990 02:48:52.719 --> 02:48:55.479 the same ten nra? Does? That makes sense? So when 2991 02:48:55.559 --> 02:48:58.399 Tesla skars the shares you lose one. It has see 2992 02:48:58.879 --> 02:49:03.280 because when they you they when they touched their capitalization, 2993 02:49:03.920 --> 02:49:06.319 that's when the share price came down. It's not like 2994 02:49:06.440 --> 02:49:08.879 it lost because of the market movement. I just want 2995 02:49:08.920 --> 02:49:13.159 to make that point to you, right, So let's combacky, right, 2996 02:49:13.239 --> 02:49:16.360 So I have a long time horizon, my risk capitite 2997 02:49:16.399 --> 02:49:19.559 allow me to take hits on my principle because my 2998 02:49:19.639 --> 02:49:23.159 principal will recover and I don't need liquidity, I would 2999 02:49:23.159 --> 02:49:26.000 go into the equities market, right. I will try to 3000 02:49:26.079 --> 02:49:30.319 get the cheapest way I canify in the equity markets, 3001 02:49:30.440 --> 02:49:33.239 say the US and Nigeria. The only way I can 3002 02:49:33.319 --> 02:49:35.680 do this is to buy either a mutual phone or 3003 02:49:35.920 --> 02:49:39.280 ETF on index fund. So I'm buying a neutral fund 3004 02:49:39.479 --> 02:49:44.399 or an ETF that invests in the index. Right, the 3005 02:49:44.520 --> 02:49:46.799 index is already there. I just want to buy that 3006 02:49:47.040 --> 02:49:49.680 indexes that I do it through the neutral fund or 3007 02:49:49.760 --> 02:49:52.479 try an ETF. I can use an ETIF front and 3008 02:49:52.520 --> 02:49:55.639 an exchange the fund, so I can buy, for instance, 3009 02:49:55.680 --> 02:49:57.639 in America, Like I said, if I do the VT 3010 02:49:57.879 --> 02:50:01.959 I right, that buys four thousand and five and or 3011 02:50:02.000 --> 02:50:05.600 so shares in the US market, I'm exposed to forty 3012 02:50:05.680 --> 02:50:08.000 five hundred shares in the US market of biblos. But 3013 02:50:08.200 --> 02:50:10.840 just buy the vt I ETF. Why am I just 3014 02:50:10.920 --> 02:50:14.319 in VTR. It's from Vanguard. They are very big, so 3015 02:50:14.520 --> 02:50:18.200 their cost purchases very very low. I mean I can't 3016 02:50:18.399 --> 02:50:20.959 actually give you the cost I put on vt I 3017 02:50:21.040 --> 02:50:23.079 a few minutes ago. If I look at vt I, 3018 02:50:23.879 --> 02:50:26.159 let me see if I can just just I can 3019 02:50:26.280 --> 02:50:28.159 google VTR if you do the same thing. If you 3020 02:50:28.239 --> 02:50:32.399 put vt I on Google, it would show you the 3021 02:50:32.559 --> 02:50:35.719 VTI stalking index. So I'm looking for the cost per 3022 02:50:35.840 --> 02:50:40.159 share right on all around the buy with DIVIDNTU give me, 3023 02:50:40.399 --> 02:50:41.840 I'll get it for I don't to keep it here. 3024 02:50:42.000 --> 02:50:44.120 So if I buy vt I, right, I'm able to 3025 02:50:44.159 --> 02:50:48.440 get us explosion. What about Nigeria. For Nigeria we also have. 3026 02:50:49.360 --> 02:50:50.520 So I have bt I here. 3027 02:50:50.600 --> 02:50:54.559 The expense for for BTR is zero point zero three. 3028 02:50:55.440 --> 02:50:59.799 That means they only take three dollars for every hundred 3029 02:51:00.079 --> 02:51:03.319 dollars that I buy. That's that's very bit cheap. Only 3030 02:51:03.440 --> 02:51:05.680 three dollars fore hundred dollars that I buy all the 3031 02:51:05.799 --> 02:51:07.879 Nigeria gays would add their own with. But that's good 3032 02:51:07.959 --> 02:51:11.239 for you, right for that sour, So I would do 3033 02:51:11.440 --> 02:51:14.479 if I was now in Nigeria now right, I would 3034 02:51:14.520 --> 02:51:17.200 do more than sixty percent in the Yugo's BTA. I 3035 02:51:17.280 --> 02:51:20.799 would maybe sixty or seventy percent in US maybe because 3036 02:51:20.840 --> 02:51:23.319 I want to get exposure. I don't want to raisk 3037 02:51:23.360 --> 02:51:26.639 by naira. How would I invest in naira apportion? This 3038 02:51:26.799 --> 02:51:30.040 is not a bit different. Nigeria has got ETFs, but 3039 02:51:30.520 --> 02:51:33.200 I might not buy the ETF directly Nigeria. I might 3040 02:51:33.280 --> 02:51:36.719 buy the mutual fund. So they have the mutual fonts 3041 02:51:36.719 --> 02:51:40.479 in Nigera that buy equities, so there's ibt C. I 3042 02:51:40.639 --> 02:51:44.239 reinvested marriage term. I want to buy one of those 3043 02:51:44.280 --> 02:51:49.280 stock broken them that have those equity unit trust Nigaillcondomy 3044 02:51:49.319 --> 02:51:51.879 Unit Trust America will Codomy Mutral Fonds. I want to 3045 02:51:52.000 --> 02:51:54.600 get exposure to those guys, So I buy the Naja 3046 02:51:54.680 --> 02:51:58.040 Mutral Phone America. I buy the ETF that both invest 3047 02:51:58.120 --> 02:52:01.239 in equities. I want to buy them they were in America. 3048 02:52:01.360 --> 02:52:03.799 I want to reinvest my dividens one hundred percent, so 3049 02:52:03.920 --> 02:52:07.760 I tend to do what's called a drip drip dividend 3050 02:52:07.840 --> 02:52:11.079 reinvestment plans. So everything then I make just put it 3051 02:52:11.120 --> 02:52:14.639 back into the investment and buy me more shares, Simil nice. 3052 02:52:14.680 --> 02:52:17.440 You are from the jam, don't have a drip, so 3053 02:52:17.479 --> 02:52:19.639 you have to do it manually. When they give you 3054 02:52:19.719 --> 02:52:21.760 your shares, you take it back to them and you 3055 02:52:21.920 --> 02:52:25.399 just buy more shares. If I have a sort of investment, right, 3056 02:52:25.440 --> 02:52:27.959 it's a very very high risk investment. I can lose 3057 02:52:27.959 --> 02:52:30.200 all my money because it's one hundred percent in equities. 3058 02:52:31.079 --> 02:52:34.680 But it's exposing me to the largest most liquid market 3059 02:52:34.760 --> 02:52:36.760 in the world, the US market. So I have a 3060 02:52:36.840 --> 02:52:40.239 nice and have a US I will do seventy thirty. 3061 02:52:40.399 --> 02:52:42.920 That's how I think. I will state it's even eighty twenty. 3062 02:52:43.559 --> 02:52:45.840 I will invest my dividends and I'll forget about it 3063 02:52:46.120 --> 02:52:48.719 for the next ten years and I'll see what happens. 3064 02:52:48.959 --> 02:52:57.799 Okay, So nothing on single stocks, nothing, No, Because you 3065 02:52:58.000 --> 02:53:01.639 have fifty k, what's finished, fifty k in dollars. 3066 02:53:03.040 --> 02:53:09.520 If I do, let's do it. Buy fifty thousand divided 3067 02:53:09.600 --> 02:53:13.920 by let's use sixteen hundred, sixteen hundred in dollars. That's 3068 02:53:14.079 --> 02:53:16.959 testy one dollars. You can't buy Tesla turty one dollars, 3069 02:53:17.600 --> 02:53:20.879 but you can buy the ETF that buys Tesla for 3070 02:53:21.000 --> 02:53:23.520 twenty five dollars. You see where I'm going to. You 3071 02:53:23.639 --> 02:53:26.280 can't afford stock, so you want to buy the You 3072 02:53:26.319 --> 02:53:28.920 don't want to buy the ets. You see, your greatest 3073 02:53:29.079 --> 02:53:35.239 one is time. You are younger, So every time you compound, 3074 02:53:35.959 --> 02:53:38.879 you are making more money than me. I I am 3075 02:53:38.920 --> 02:53:40.719 already older, so I man, if I buy the same 3076 02:53:40.760 --> 02:53:43.639 stock you're gonna buy, you have more compounding pupuios than 3077 02:53:43.680 --> 02:53:47.040 I do. Markets are gonna go up. They're gonna calm down, 3078 02:53:47.280 --> 02:53:50.360 but over the long term they're going to go up. 3079 02:53:50.879 --> 02:53:53.440 If you put the US market from eighteen hundred to today, 3080 02:53:53.760 --> 02:53:56.159 you see going up, down, updown, updown, but the trend 3081 02:53:56.520 --> 02:53:58.760 is up. So you want to be in that market. 3082 02:53:58.920 --> 02:54:01.000 As a younger person, you want to buy any better. 3083 02:54:01.079 --> 02:54:04.239 They don't just leave it there, right, And I'm gonna 3084 02:54:04.239 --> 02:54:09.559 share the VTI stock chat like the how it's gone 3085 02:54:09.600 --> 02:54:11.799 off in price, just so you can take a look 3086 02:54:11.840 --> 02:54:14.319 at it. Right performances and fees. Let me look at this. 3087 02:54:14.760 --> 02:54:20.280 If you bought VTI right, this same VTI. Yeah, I'm 3088 02:54:21.399 --> 02:54:26.040 from inception nine percent. It just talks like April two 3089 02:54:26.120 --> 02:54:29.280 thousand and one, you would have nine percent, But nine 3090 02:54:29.319 --> 02:54:34.600 percent is in US dollars, so you're beating inflation. Ten 3091 02:54:34.760 --> 02:54:39.239 years is twelve percent, five years is fifteen percent. This 3092 02:54:39.520 --> 02:54:44.760 year alone is twenty seven percent. And that's you. You're 3093 02:54:44.799 --> 02:54:47.680 putting your thirty one dollars, they're gonna get twenty seven percent. 3094 02:54:48.200 --> 02:54:50.760 US ambition is two three percent, so we can get 3095 02:54:50.760 --> 02:54:52.959 a real wit of return. So that's how you want 3096 02:54:53.000 --> 02:54:54.680 to do it. You want to do a lot of 3097 02:54:54.879 --> 02:54:57.520 equities when you are younger, So you get older, you 3098 02:54:57.600 --> 02:55:00.760 want to then transit towards more fee income. But you 3099 02:55:00.840 --> 02:55:02.680 have tons of years ahead of you. I want to 3100 02:55:02.799 --> 02:55:04.120 do this forget about it? 3101 02:55:06.000 --> 02:55:10.719 Okay, So would you advise I buy at currently or 3102 02:55:10.760 --> 02:55:12.360 maybe watch the market til you go? 3103 02:55:12.520 --> 02:55:17.559 And why are you watching the market? Girl? Why are 3104 02:55:17.600 --> 02:55:20.600 watching each market? I want to do? You buy? There 3105 02:55:20.680 --> 02:55:23.120 is no you don't time the market. You want to 3106 02:55:23.200 --> 02:55:27.719 be the time in the market is more important than 3107 02:55:27.799 --> 02:55:30.879 time in the market. You can just buy it. So 3108 02:55:31.000 --> 02:55:32.719 if you decide it, you're going to be exposed to 3109 02:55:32.760 --> 02:55:35.920 the market. Do what's called dollar cost averaging, So every 3110 02:55:36.040 --> 02:55:39.600 month something so if you ignore the price, you want 3111 02:55:39.639 --> 02:55:43.040 to buy a good stock at a good price. If 3112 02:55:43.079 --> 02:55:45.280 you can't do that, just do it dollar cost averaging 3113 02:55:45.639 --> 02:55:48.120 and you keep on buying. If it goes up, that's fine. 3114 02:55:48.159 --> 02:55:50.760 If it goes down, that's fine. But if you want 3115 02:55:50.799 --> 02:55:52.680 to wait and say I'm gonna wait for the stock 3116 02:55:52.719 --> 02:55:55.680 to go up to go If you google, there's you 3117 02:55:55.799 --> 02:55:57.879 see lots of askles on Twitter down and I will 3118 02:55:57.920 --> 02:56:01.239 tell you if you missed the the best five days 3119 02:56:01.280 --> 02:56:04.959 in the market, your total will crash. If you google it, 3120 02:56:05.120 --> 02:56:07.079 use a lot of articles telling you if you were 3121 02:56:07.159 --> 02:56:09.719 invested for every single day in the market, but you 3122 02:56:09.879 --> 02:56:13.200 missed maybe the top five personays in the market, you 3123 02:56:13.360 --> 02:56:15.239 lose a lot of money. Why do they give you them? 3124 02:56:15.239 --> 02:56:17.680 Because you won't to be invested. You don't do that. 3125 02:56:18.520 --> 02:56:22.440 I want to buy, so you buy today, You ignore 3126 02:56:22.520 --> 02:56:25.559 the price. You're younger, you keep on buying. If this 3127 02:56:25.680 --> 02:56:29.920 is your objective, you keep on buying, You keep on investing. 3128 02:56:30.360 --> 02:56:33.000 You keep only balancing. Right now, you're you're one hundred percent. 3129 02:56:33.120 --> 02:56:36.000 Equities are not You're rebalancing. But that's what I would 3130 02:56:36.000 --> 02:56:37.959 believe I was. It's not advice. I'm not telling you 3131 02:56:38.079 --> 02:56:40.040 what how I would approach it. 3132 02:56:41.799 --> 02:56:43.760 Okay, Okay, thank you so much. 3133 02:56:44.159 --> 02:56:48.760 One more thing so say, because regards to original you 3134 02:56:48.799 --> 02:56:54.200 spoke about, So I'm saying I have the seventy seventeen 3135 02:56:54.440 --> 02:56:57.799 thirty or eighty twenty, like you said, to split between 3136 02:56:57.879 --> 02:57:02.479 moote market and I want to keep reinvesting monthly, so 3137 02:57:02.600 --> 02:57:06.559 I keep putting that same amount every mon automatics investment 3138 02:57:06.600 --> 02:57:07.280 on something. 3139 02:57:07.120 --> 02:57:11.680 Every month for the next as as. So you have 3140 02:57:11.760 --> 02:57:13.920 to go back to your budget. So when you do 3141 02:57:14.079 --> 02:57:16.760 your budget, you have to say, I want to allocate 3142 02:57:16.840 --> 02:57:20.559 this amount for investments. So if in this year you 3143 02:57:20.639 --> 02:57:23.760 are allocated ten percent for investment, then that's what's going 3144 02:57:23.799 --> 02:57:26.000 to go into it. Right, So it's going to be 3145 02:57:26.120 --> 02:57:28.440 based on what your budget. If you if want us, 3146 02:57:28.479 --> 02:57:30.879 that's just your money tomorrow. Okay, that's more that you 3147 02:57:30.920 --> 02:57:32.920 didn't plan for. You also put it in there as 3148 02:57:33.040 --> 02:57:36.719 additional for logic contributions in But as long as you 3149 02:57:36.840 --> 02:57:38.639 keep on doing when you get a pay check, you 3150 02:57:38.760 --> 02:57:42.079 do an auto transfer, you don't see the money turn up. 3151 02:57:42.079 --> 02:57:45.840 Your paycheck goes automatically to your investment account. They're from 3152 02:57:45.840 --> 02:57:48.159 your investment account. You don't take that money, and you 3153 02:57:48.280 --> 02:57:50.920 do your seventy eighty do as long as you end 3154 02:57:50.959 --> 02:57:54.079 the money. As your income goes up, you can increase 3155 02:57:54.120 --> 02:57:56.000 the percentage or you can buy it. That's why your 3156 02:57:56.280 --> 02:57:59.079 percentages are good. If you go to it again, go 3157 02:57:59.159 --> 02:58:02.239 to my work, go to do Carlo at the dot org. 3158 02:58:02.719 --> 02:58:06.200 You see a financial carlet there right, so you can 3159 02:58:06.319 --> 02:58:09.040 plug in all your expenses at the very bottom. When 3160 02:58:09.040 --> 02:58:11.479 you do the expenses, will tell you give us a 3161 02:58:11.559 --> 02:58:14.079 percentage for investment. You can put ten percent day it 3162 02:58:14.120 --> 02:58:17.079 took up. Put everything for you. If you put your 3163 02:58:17.120 --> 02:58:20.920 income income passible, do all that for you. Put your 3164 02:58:21.000 --> 02:58:24.239 percentage you want there to cap how much you want 3165 02:58:24.280 --> 02:58:27.319 to save every month, every paranlem if you have a 3166 02:58:27.399 --> 02:58:28.360 problem with the enemy. 3167 02:58:28.719 --> 02:58:34.520 Yeah, okay, okay, so yes, my very. 3168 02:58:34.440 --> 02:58:35.639 Last question, I'm so sorry. 3169 02:58:36.239 --> 02:58:39.280 I'm just really increasing at the moment. So say I, 3170 02:58:39.680 --> 02:58:40.559 for example, you know. 3171 02:58:40.600 --> 02:58:43.479 Really I want to know this is just extra. I 3172 02:58:43.600 --> 02:58:46.959 want to look at stop personality individually. What are the 3173 02:58:47.239 --> 02:58:49.920 things you you as a person, What things you look 3174 02:58:49.959 --> 02:58:53.040 out for? Say, okay, I'm looking at as if first 3175 02:58:53.120 --> 02:58:56.040 sour open Door or ATCHA or any. 3176 02:58:55.920 --> 02:58:57.280 Of these very random stocks. 3177 02:58:57.479 --> 02:58:59.920 What are thinks you look out for before you say 3178 02:59:00.319 --> 02:59:04.840 this stock has motivity and would be something in. 3179 02:59:04.920 --> 02:59:06.200 The future I see. 3180 02:59:06.280 --> 02:59:09.479 And also, do you look at the price for ALIENI visual. 3181 02:59:09.399 --> 02:59:11.200 Day this is a manufactor for you? 3182 02:59:11.639 --> 02:59:14.040 That good question you asked a good question. So again, 3183 02:59:14.239 --> 02:59:17.360 you know when you look at the stock, right you 3184 02:59:17.600 --> 02:59:21.879 your first question is will it n money tomorrow? That's 3185 02:59:21.920 --> 02:59:24.440 your question, will it? And so how do you know 3186 02:59:24.600 --> 02:59:30.600 if the stock will end money tomorrow? Market share? Right here, 3187 02:59:30.680 --> 02:59:34.799 that has market share will win. So before even go 3188 02:59:34.879 --> 02:59:37.920 to the numbers, look at the market share in that sector. 3189 02:59:38.079 --> 02:59:40.479 If it's a growing, if it's a growing market share, 3190 02:59:40.600 --> 02:59:43.959 or it's a still market share, and the products also 3191 02:59:44.040 --> 02:59:46.760 have the still market share, then you're say, okay, that 3192 02:59:47.079 --> 02:59:50.479 is in this tight market, this company has the means 3193 02:59:50.760 --> 02:59:53.719 to hold its own to sell its products and to 3194 02:59:53.799 --> 02:59:57.000 make an aliens gross. You are looking at future endings, 3195 02:59:57.799 --> 02:59:58.280 not then