Speaker 1: Hey, good evening everyone, and welcome to another Money Space
Speaker 1: with me calu Ajab for those who know, we're here
Speaker 1: every seven thirty west pm West talking time. Of course,
Speaker 1: we're talking money, the economy and personal finance. The aim
Speaker 1: of the show on X what you call the Money
Speaker 1: Space show, is to learn together about money. We want
Speaker 1: to be better in business, right, we want to understand
Speaker 1: how many works for us. And the only way we
Speaker 1: can just understand the interaction with money, the economy, politics,
Speaker 1: you know, what does it all mean? That's the idea.
Speaker 1: So when we come to the space, we're all learning together.
Speaker 1: We have lots of great guests that had come and
Speaker 1: they come and talk to us about topics. And then
Speaker 1: of course we can learn the shows that are recorded
Speaker 1: and you go back and you play it and you
Speaker 1: and that's the whole idea. Everyone. Really, it's a great
Speaker 1: space to be on Sunday because it prepares you for
Speaker 1: the next week. You learn something you might have known
Speaker 1: about and you can take for the next for the
Speaker 1: next week. All right, guys, I just want to review
Speaker 1: for this is going to be our last space right
Speaker 1: in twenty twenty four, and it's been a fantastic year
Speaker 1: for us, right, we all made it. That's the first
Speaker 1: thing we all made it. Were at the end of
Speaker 1: December a few with the new year. The new year
Speaker 1: is a financial event, which means the new year you
Speaker 1: get to reset your entire finances, you get to get
Speaker 1: news during your income. But even it's the same thing.
Speaker 1: You know you're going to start from January first, and
Speaker 1: whatever plans you have psychologically you are starting from January.
Speaker 1: It sort of gives you, you know, a boost, a
Speaker 1: new year resolution. You can start whatever I want to
Speaker 1: do January first, on tap a budget on the track
Speaker 1: from January, and it does not allow you to know
Speaker 1: to power through an entire year. So last night or yesterday,
Speaker 1: I was looking at my podcast because what we do
Speaker 1: when we when we have the spaces on Twitter, we
Speaker 1: saved them on the podcast. Oh it's there forever and
Speaker 1: I know the podcast is the way I see it.
Speaker 1: I think I've shared the links also my oh my,
Speaker 1: on my timeline, you can do that link there. We've
Speaker 1: done west about in November twenty twenty recording the podcast.
Speaker 1: Before then, weren't on the podcast. From November to sixteenth,
Speaker 1: twenty twenty, we've set to record the podcast. I counted
Speaker 1: about two hundred and forty five episodes that were recorded,
Speaker 1: sixty in twenty four alone. That's a lot. That's more
Speaker 1: than normal four a week because we're here every Sunday.
Speaker 1: But we've done more than that, So that's fantastic. And
Speaker 1: we've only done that because you can stop tuned in here.
Speaker 1: We can week out to listen. And I do appreciate it.
Speaker 1: Was I was looking at the top podcast. We've done,
Speaker 1: the very very top episode. We've done the number one
Speaker 1: episode does better? How to buy a house in teny
Speaker 1: six months as an imigrant? That was space we did
Speaker 1: in January or two grade too. I think we did
Speaker 1: it again, and especially I laid out how as an
Speaker 1: immigrant to travel to the West maybe in the UK,
Speaker 1: the US, Canada, the same principles work. How you can
Speaker 1: get the house in the six months. It's possible. It's
Speaker 1: twenty four expected, but it's definitely possib to six. It's
Speaker 1: not like motivational speech to give you the step by
Speaker 1: step how if you leave Nigeria today and you go
Speaker 1: to the West, Canada, the US. Okay, it's possible to
Speaker 1: buy a house in the six months. And why is
Speaker 1: it important? Because buying a house is a popular to
Speaker 1: middle class in America and you in the West. When
Speaker 1: you own a home, you own equity and that puts
Speaker 1: you into that with the economy that is structured. When
Speaker 1: you own a home, you have equity. You can then
Speaker 1: pass on generational wealth. The difference between the demographics in
Speaker 1: America if you look at the white Hispanics and the
Speaker 1: blasts home ownership US. Homeownership allows you to write a
Speaker 1: check on the appreciation of your home, that loves to
Speaker 1: send your kids to university. That gives you a low
Speaker 1: interest on business. I'll give you an emergency fund. Most
Speaker 1: blacks do not have a home, so they do not
Speaker 1: have that place they can run to get a low
Speaker 1: interest credit if they need credit. That's that's the main difference.
Speaker 1: There are all the things, they are all the things,
Speaker 1: but the inner ability to get a mortgage. That's why
Speaker 1: you had on the jim. You had the red line
Speaker 1: because the guys that were quote to racist understood that
Speaker 1: if you keep people a home, you're putting them on
Speaker 1: the path of self sofiictancy. So not having a home,
Speaker 1: not having been on that pathway, it's a big big
Speaker 1: when you can you get rich of at home yes,
Speaker 1: but the pathway is you're coming. You get a mortgage,
Speaker 1: or you g educated, you get a job, you get
Speaker 1: a mortgage, you're on the pathway. The equity is yours.
Speaker 1: That everything is there is you know, So getting a
Speaker 1: it is very very important for you as as an
Speaker 1: immigrant because you have to stay somewhere. Right, is that
Speaker 1: you pay rent or you pay a mortgage rather pay
Speaker 1: a mortgage on the home. You're still going to pay anyways, right,
Speaker 1: and the mortgage is going to be cheaper for you
Speaker 1: down at home. And that was the biggest episode. And
Speaker 1: of course I have a way to invest a billion.
Speaker 1: We had the Apple tell us how to invest, not
Speaker 1: really how to invest in? How to do aster location?
Speaker 1: If you have money, how can you invest? Where do
Speaker 1: you put it into? If you're this, if you're in Nigeria,
Speaker 1: if they give us Nigeria, give us the UK. And
Speaker 1: of course the guys from Clever was an app that
Speaker 1: allows you in niger to put a bank account abroad, right,
Speaker 1: so they we're also here. It was very nice people
Speaker 1: listening to them. And you can see the theme of
Speaker 1: this train of this tree highest grossing top downloads, how
Speaker 1: to buy a house, how to invest, how to on
Speaker 1: the bank. People want to do things. We want simple
Speaker 1: financial topics that they can listen to and I can
Speaker 1: understand and they can implement. So we're glad to be
Speaker 1: there right over the last model don't three episodes the
Speaker 1: first episode of Financial Health check who walked about your income,
Speaker 1: your expenses, and of course your budgets. Then the next
Speaker 1: week we then did assets and liabilities and assets application.
Speaker 1: We said, okay, we now know you want to do
Speaker 1: a budget, but if you have a budget, where do
Speaker 1: you invest? Right? That's what we then talked about where
Speaker 1: you can invest, how to build an ASSAT application if
Speaker 1: you're younger, and all that. So this week we sort
Speaker 1: of want to like close it out with a checklist
Speaker 1: for you for two and twenty four and again, guys,
Speaker 1: it's the last podcast of the year, so feel free
Speaker 1: to request to speak or leave a comment if you
Speaker 1: have a question as an outset of topic, will be
Speaker 1: glad to take them, So don't restrict yourself to just
Speaker 1: what's on the topic. If you want to speak, request
Speaker 1: to speak. I'll ask you on you and ask your question.
Speaker 1: It doesn't have to be what we're talking about all
Speaker 1: I just want to get across before I handle over
Speaker 1: the mighty folks. Is just this concept of having a checklist.
Speaker 1: There are many non financial things that killed you in
Speaker 1: twenty twenty four that you want to get done for
Speaker 1: twenty five. And I've shared if you got to my
Speaker 1: tut page, I've just shared a checklist from my book
Speaker 1: Let's talk about your Money. So page two fifty four
Speaker 1: the appendix, talk about your checklist. And if you don't
Speaker 1: have that checklist, it's right down on the Twitter page.
Speaker 1: Just go there and it's listed from number one all
Speaker 1: the way to number seventeen. And this is a thing
Speaker 1: that you want to do at least take them off
Speaker 1: on your checklist that you don't have what doing to
Speaker 1: be Four. If you'ven't done, then it's very very important
Speaker 1: to get themsel five. Number one track all you track
Speaker 1: all your expenses, write it down. I prefer this for
Speaker 1: tray month. This is what we talked about two weeks ago,
Speaker 1: right tracking your expenses so that you can then create
Speaker 1: that budget. So the abilities you track your expenses, you categorize,
Speaker 1: you're look dollars dollar or narrative your expanizations. That's a budget.
Speaker 1: That number one, so we say track your expenses. Number
Speaker 1: two track your income, especially passive income. And of course
Speaker 1: you number we set passive income. Because we set passive income,
Speaker 1: it's what makes you retire. You are only rich when
Speaker 1: you have passive income, not when you have active income.
Speaker 1: What I means is this, if you're a footballer and
Speaker 1: you get to pay them million dollars a week, you
Speaker 1: are not rich unless you convert that one million dollars
Speaker 1: salary into passive income. When if you take that salary
Speaker 1: you buy a house, a housepace your rent. Your rent
Speaker 1: is your real income, not the salary they're paying you.
Speaker 1: Same we keep in the bank your active income, that
Speaker 1: income you make from going to the bank. It's not
Speaker 1: your wealth. It's when you convert that active income, so
Speaker 1: passive income, it means income you make me not there
Speaker 1: as well. Number two track you all your income, especially
Speaker 1: passive income. No, the tree creates a shuttle of your
Speaker 1: assets and liabilities to cap with your networks. So income
Speaker 1: is different from network. Like I said income. Then you
Speaker 1: buy an asset, the asset goes to your by a sheet.
Speaker 1: It's the difference between your assets and liabilities that is
Speaker 1: your networks. So if you earn money, you're not rich.
Speaker 1: It's only when you convert that money to an asset
Speaker 1: that stream of income, your salary whatever it is, to
Speaker 1: an asset that pays you income. That's when your network
Speaker 1: can go up. Right, which are also before track your
Speaker 1: discretionary and your non discretion expenses. The trick is this,
Speaker 1: you want your passive income as you are working to
Speaker 1: cover your non discretionary expenses because that's when you can retire.
Speaker 1: Retire is an event, it's not an aid. Retirement means
Speaker 1: when your passive income can cover your non discretionary income
Speaker 1: we're having there. Number six, create a fund to cover
Speaker 1: your three to six months of your non discretionary expensive
Speaker 1: dision emergency fund, so before you invest, before you start
Speaker 1: to invest, create your emergency fund first. Why you don't
Speaker 1: want to invest and how to sell your assets to
Speaker 1: pay an expect your gross knock when you gets sick,
Speaker 1: So you do majisty fund first. Then of course you
Speaker 1: do your budget right. You will be your balance sheet
Speaker 1: by this number eight. If you're balance sheet, you want
Speaker 1: to identify high interest debt and have target to pay
Speaker 1: them off. So when you attract your income, you track
Speaker 1: your experiences, you do your balance sheet. You want to
Speaker 1: look at your balante and say, what are the high
Speaker 1: interest debt there? I want to pay them off into
Speaker 1: twenty five that because the targets are going to extract
Speaker 1: from your balance sheet. Right. Number have talked about investing.
Speaker 1: We've said number one and Majesty fund. Number two. You
Speaker 1: want to pay off your high interest that we haven't
Speaker 1: talked about the investments. Number three, you want to buy
Speaker 1: life insurance. If you have dependents, you're going to do
Speaker 1: all this before you invest Number one, Right, you want
Speaker 1: to have the Milissy fund. Number two. You're not paying
Speaker 1: high interest debts, high interest deb not all debt high interested.
Speaker 1: That is very expensive, very short off. Right. Number three,
Speaker 1: you want to buy life insurance, which means if you
Speaker 1: are if you have a family, guy, you have a family,
Speaker 1: you have dependence, you want to buy insurance. There is
Speaker 1: nothing like life insurance. You can ensure your life. What
Speaker 1: you are ensuring is the loss of revenue should you
Speaker 1: not long be there. So if you're not only are there.
Speaker 1: Who pays for the school fees, who pays for the mortgage,
Speaker 1: who pays for the day to day living. That's what
Speaker 1: you are buying. So if you end a million, you
Speaker 1: can say, I want to buy five times my annual income.
Speaker 1: I want to buy Lifa durants for five years with
Speaker 1: me that whatever happens to you, your family is away
Speaker 1: for five years, So you buy life insurance if you
Speaker 1: have dependent. If you don't have dependence, you don't need it,
Speaker 1: so you don't life insurance. If you don't have dependence.
Speaker 1: Right number four, what else you do? You have to
Speaker 1: sign up for your employee pension plan, so if you
Speaker 1: have an arrest in Nigeria, make sure you are contributing.
Speaker 1: You don't see the economics bad. No, you want to
Speaker 1: keep on compounding in your retirement service account. If you're
Speaker 1: in the US. Very important. You want to make sure
Speaker 1: that when you what do your penis your team so
Speaker 1: that when you go for a company, they will tell
Speaker 1: you if you pay your dollar or will match you.
Speaker 1: You want to find out from your HR what that
Speaker 1: match is and you want to make sure you are
Speaker 1: contributing the minimum to that match. So whatever if your
Speaker 1: company is matching five percent, you want to make sure
Speaker 1: you are country in at least five percent. You don't
Speaker 1: have to do six, but make sure you are doing
Speaker 1: the match because it's more at the table. The company
Speaker 1: is saying if you put a dollar. We're going to
Speaker 1: give you fifty cents. Make sure you do that dollar
Speaker 1: to get the current mooding match. We haven't talked about
Speaker 1: investing number one. You might just see fund number two,
Speaker 1: pulp your debt number three by life insurance number four.
Speaker 1: We are saying to do your retirement plans. They want
Speaker 1: to check this guys on on Twitter bait, do your
Speaker 1: retirement plan. After you have done all all this, that's
Speaker 1: the only time you can then go in and say
Speaker 1: you want to invest where saying open up an investment account.
Speaker 1: If you don't know what to do, try and do
Speaker 1: an index fund. You know, index one means you're buying
Speaker 1: top down, you're buying the whole exchange. Right, you buy that,
Speaker 1: you understand the market, then you take it from there. Right,
Speaker 1: you buy an index phone. Then you can then go
Speaker 1: to a sector phone. They can then go to the
Speaker 1: individual phone. Right, because you don't know what you're doing, right,
Speaker 1: and you don't want to just buy someone that you
Speaker 1: think it's going to go up and I force if
Speaker 1: you want to diversify your risks across the board right
Speaker 1: top down, So you're going to say on to buy
Speaker 1: Nigeria or on the buy us and then from the
Speaker 1: US you're going on to buy text sector or by
Speaker 1: the banking sector. Then you walk your way down right,
Speaker 1: and then we say no bout thirteen your automatic cost
Speaker 1: black cost average. We miss from being consistent. Investing's about
Speaker 1: being consistent. You don't investigate and stop even if it's
Speaker 1: ten error. Be consistent right, And it's only when you
Speaker 1: have done all this you're cann talk about having a
Speaker 1: mortgage right or no, a charity or you know, or
Speaker 1: getting a credit card to build your credits. So it's
Speaker 1: all detailed out there in the appendix street so you
Speaker 1: have taken so long as now the floyd is always open.
Speaker 1: If you guys request to speak ACTID they've dropped off,
Speaker 1: so requests to speak now if you want. But it's
Speaker 1: just one to talk to you guys about. Don't forget
Speaker 1: to sort out your estate account right? Your estate part
Speaker 1: of your financial plan? Do you have it next of king?
Speaker 1: Is it listed in your organization? Do you have it there?
Speaker 1: Do you have a bank account? Do you have a
Speaker 1: beneficiary on that bank account? Very very important. All those
Speaker 1: nothings that you might take for granted or not put
Speaker 1: a lot of emphasis on, is actually where you want
Speaker 1: to put some you know some do some housekeeping on.
Speaker 1: There's no point not having lots of money. I'm not
Speaker 1: having a shadow of where your assets are. You want
Speaker 1: to have this ship where all your assets are, so
Speaker 1: you can know where they are and then you can
Speaker 1: off like manage them and if you want, also distribute them.
Speaker 1: So very important, guys, the point of making so let
Speaker 1: me just go straight to DM. Sorry about that, So
Speaker 1: we have first real question is here? Please go over
Speaker 1: the investment in the pain of my debt. I do this, yes,
Speaker 1: so please start asking. This is from Obaka. He's asking
Speaker 1: if you should Why should you pay off your debt
Speaker 1: before you invest? Well, because look at it this way.
Speaker 1: If you are paying a debt or fifteen percent and
Speaker 1: you invest on you make fifteen percent, it's not the
Speaker 1: same thing. When you pay off that debt, you're making
Speaker 1: one hundred percent return. If you are owing so on
Speaker 1: and you paid the percent off, God you made one
Speaker 1: hundred percent. Y why because you now have all that
Speaker 1: money available to invest somewhere else. So if you are paying,
Speaker 1: if you are investing in the property sometimes giving you
Speaker 1: ten percent, and you are owning, so one ten percent
Speaker 1: doesn't make any sense. The best investment can take to
Speaker 1: take that ten percent and pay of the debt so
Speaker 1: you don't have any debt. It helps your networth, It
Speaker 1: makes you reach because you're using your debt forever and
Speaker 1: you're leasing cash note back to you. So you want
Speaker 1: to do that because that gives you a higher return
Speaker 1: than actually going to invest money. That makes sense, I work.
Speaker 1: You want to invest first of all in what gives
Speaker 1: you a higher of return, and pain down your debt
Speaker 1: gives you a higher rate of return. Yes. Also, let
Speaker 1: us questioning here about emergency fund. Your emergency phone is
Speaker 1: three to six months of your non discretionary expenses, which
Speaker 1: means when you list out your expenses, you want to
Speaker 1: ask yourself which expense is the most important expense? Which
Speaker 1: expense do I need to do? Like I have to eat,
Speaker 1: I have to buy gas? You list those expenses out.
Speaker 1: When you list them out, you want to save at
Speaker 1: least three to six months of those expenses, not all
Speaker 1: your expenses of the emergency fund expenses. Right, and it's
Speaker 1: whatever are you list as amgencive pon an emergency fund?
Speaker 2: Now?
Speaker 1: What will happen is this if you you don't have
Speaker 1: to have to hold three months immediately, because you want
Speaker 1: to have at least a phone where it can start
Speaker 1: to contribute to do all that three months. And what
Speaker 1: you also want to do is you want to keep
Speaker 1: that phone in cash or near cash asset. So you
Speaker 1: don't want to keep your megency phone in stocks or property.
Speaker 1: It has to be in cash or on cash. Yes, Unfortunately,
Speaker 1: you have to ignore inflation. Don't keep it in cash,
Speaker 1: because that's why it's an emergency. It doesn't have to
Speaker 1: be in the bank, but it's got to be in
Speaker 1: cash or near cash. That's the point. It's got to
Speaker 1: be cash or near cash. So great question there on
Speaker 1: emergency phone at, the podcast available, Yes, if you go
Speaker 1: to the DM, if you go to the what's called
Speaker 1: if you go to the tl my what's it called?
Speaker 1: On Twitter? You said the podcasts, it's called Let's Talk
Speaker 1: about Your Money. It's right there. So you can get
Speaker 1: all the episodes on spreak at. The podcast is recauded
Speaker 1: on spreaker. You can find a podcast on Apple, Google,
Speaker 1: on anywhere literally you have podcasts. You can find our podcast.
Speaker 1: Lots of great topics there. So yes, it's on my DM,
Speaker 1: it's on Twitter. It's also on Spotify, Apple podcasts and
Speaker 1: all that. So anyway you have podcasts, yes, you can
Speaker 1: find the podcast now. Having a lot of guys requested
Speaker 1: to speak one of what are you guys? Okay? Perfect? Okay, yeah,
Speaker 1: I hear you. Yeah, So you can record to speak, guys.
Speaker 1: I'm just going through dms and most of them are
Speaker 1: repeating themselves. But I prefer to do the live. So
Speaker 1: if you want to speak, just hit me up on
Speaker 1: that guy. Let me read this one. Last week we
Speaker 1: talked abut let me see it. Last week we talked
Speaker 1: about investing in shares. Also, okay, so last week we
Speaker 1: talked about investing in shares and you and you were
Speaker 1: talking about ETFs, so okay, okay here, so last week
Speaker 1: we talked about ETFs. That's exchange traded for So exchange
Speaker 1: phones are not different from the index. Exchange funds can
Speaker 1: invest in the index, so for restarts, if you do
Speaker 1: not invest in Nigeria or the US, you can buy
Speaker 1: an e t F that invests in the index of
Speaker 1: those shares. That's what I mean by that. Sydney, how
Speaker 1: are you doing your first guest today, Sydney? Casey, what's
Speaker 1: in my Sydney?
Speaker 2: Hit?
Speaker 1: Hello? Everyone? Happy Sunday.
Speaker 3: Okay, So I've been trying to take.
Speaker 4: My personal invests like investments most series I we need
Speaker 4: to ask on like additional mode. So that's one thing
Speaker 4: I'm trying to play out at least by by the
Speaker 4: middle of changes five, I'm planning to that's also out.
Speaker 4: So I had a a A question is based on
Speaker 4: after sorting out your interest news, really start investing and
Speaker 4: then just say you have a little bit of knowledge
Speaker 4: on the global financial markets. You have your full time globe.
Speaker 4: And I've heard from like different financial experts that you
Speaker 4: cannot like invest you you cannot like three differentancial markets
Speaker 4: as as good as you do. What is your take
Speaker 4: on like some food like professional and another professional be treating.
Speaker 1: Like on the side, Like what what's you take on that? Yeah,
Speaker 1: so look at it this way. Let me give you
Speaker 1: a start that will surprise you. Right if you pull
Speaker 1: up every year they pull up a start and not
Speaker 1: more than almost eighty percent of firms do not beat
Speaker 1: the market. What that means is that if you look
Speaker 1: at all those guys trade on the stock market, stockbroker
Speaker 1: that are taking your money on trade, almost eighty percent
Speaker 1: of them do not do better than the index. So
Speaker 1: if you simply buy the index, index means that there's
Speaker 1: there's an index that tracks all the funds in that exchange.
Speaker 1: For instance, you see S and P five hundred that's
Speaker 1: tracks five hundred stocks in the US market. You see
Speaker 1: NNGX that's n and All Share Index Nigeria that is
Speaker 1: all the shares in Nigeria. That index has the return
Speaker 1: in Nigeria, the index is like tenty six percent. So
Speaker 1: what they're saying that if you give you money to
Speaker 1: a stockbroker, it might not even be that six percent.
Speaker 1: So what's the point. If you're not going to be
Speaker 1: trading actually and you don't know what to do, it
Speaker 1: might make more sense for you to simply buy the
Speaker 1: index that Nigeria has an all share index thirty. They
Speaker 1: have pen coom In's called pen coom index that have
Speaker 1: a bank index are like indexes that are tracking particular stocks.
Speaker 1: So if you just buy what those that indexes buying
Speaker 1: and just forget about the security for an entire entire month,
Speaker 1: we make as much as the index. So I would say,
Speaker 1: if you don't know what you're doing, try to do
Speaker 1: index funds. They are cheaper to buy, they are more
Speaker 1: than specified and you're putting your quote and quote faith
Speaker 1: on the entire market. You're buying the market. I don't
Speaker 1: like day trading because you are trying to trade against
Speaker 1: people that are more experienced than you. When you are
Speaker 1: day trading, you're doing what's called scalping. You are buying
Speaker 1: one sell at one point one and make one goble.
Speaker 1: You only make a lot of money with day trading
Speaker 1: if you have a lot of capital, because when you
Speaker 1: make ten goble spread, but you're both in million shares,
Speaker 1: it makes sense if you have a million Nira, what
Speaker 1: are you day trading? If you're converting in Millionario two dollars,
Speaker 1: it's like five hundred dollars. You can day trading. That
Speaker 1: is too small. If you make one hundred percent from
Speaker 1: five hundred dollars, what is that? That's a thousand You
Speaker 1: get the points and making. But if I trade a
Speaker 1: billion dollars and I make points, zeros us lou one
Speaker 1: of that, do you know what I mean? So I
Speaker 1: would prefer that if it's based on your objectives, based
Speaker 1: on your age, if you know, if you're not sure
Speaker 1: what to do, just go buy index phone. If you're
Speaker 1: in the US, if you're Nigeria. Go to your broker. Listen,
Speaker 1: buy me the injects index or buy me the banking
Speaker 1: index or buying so it's it's cheaper for you. Then
Speaker 1: you learn more about the market before you then go
Speaker 1: into individual stocks. Does that make sense to you? Yes? Yeah,
Speaker 1: so that's what I'll suggests for you. Right, try to
Speaker 1: do the index side first before you go into the
Speaker 1: individual stocks. I don't think you should day trade. It's
Speaker 1: to takes your time, it takes capital and you can
Speaker 1: lose everything.
Speaker 5: Yeah, okay, perfect, Great, Let me get more more fe
Speaker 5: I don't spoiler than a rock.
Speaker 1: It's thin. It's thin. Fullum, sorry about that. People dragging right?
Speaker 1: More feeling follower, more feeling follower more? Are you there?
Speaker 6: Yes?
Speaker 1: How are you doing?
Speaker 3: Yeah?
Speaker 2: Fine?
Speaker 1: You you've got the personally, I apologize, yes, okay, great.
Speaker 2: Yeah, so I'm just I'm just turning.
Speaker 1: So far.
Speaker 3: I would say, very nice information, but I did not.
Speaker 7: Get the part you mentioned of the party mentioned about
Speaker 7: the podcast one can listen to I. I have a
Speaker 7: lot of little cash. When I say looking Cass, I'm
Speaker 7: saying what's in both.
Speaker 1: My and invest and I'm looking for this is to invest,
Speaker 1: So I'm.
Speaker 7: Not just talkers having my money, just staying I do
Speaker 7: and know that, but I need to understand I.
Speaker 2: Don't just want to invest my investments.
Speaker 8: I don't just, for example, to say, okay, put your money.
Speaker 7: Here, I will like before and now it works out
Speaker 7: to my world's exponent.
Speaker 1: Okay, let's let's use you. Let's use you as an example. Right.
Speaker 1: So again, just just I'm not giving you financial advice.
Speaker 1: I'm trying to just pointing right eation, right. So everything
Speaker 1: I'm doing here is educational. I'm not giving you financial advice.
Speaker 1: I'm not your financial advice a right. But the very
Speaker 1: very first thing you should ask yourself is what is
Speaker 1: my plan? Why am I investing? That's a very very
Speaker 1: key question because once you answer that question, it determines
Speaker 1: ways to invest. So if you say why am I investing?
Speaker 1: Am I investing for retirement? That's the statement that I
Speaker 1: convert to me in long term. If you say, I'm
Speaker 1: investing because I have this money, but I'm need it
Speaker 1: in two years for my project in my head, my
Speaker 1: financial head, I here two three years. So why you
Speaker 1: are investing is very very key to me. So I'm
Speaker 1: not sure if you can share it or if I
Speaker 1: should just talk and you can take it down and
Speaker 1: then operate what you had your conversation. Do you want
Speaker 1: to share or just go ahead and you and I continue?
Speaker 1: What do you want to do?
Speaker 3: So?
Speaker 7: So I'm looking at medium and long term?
Speaker 1: Yeah? What what this medium ten for you? Five millium? Yeah? Medium?
Speaker 1: Medium is two three years years? Okay?
Speaker 3: Yes, do you want to look in a long term?
Speaker 1: But I'm looking for.
Speaker 3: Whatever I have right now to multiply.
Speaker 1: Okay. So you want you want to risk your principle,
Speaker 1: you want to do principal appreciation. I would I would
Speaker 1: not say no, I'm going I'm going to risk. I'm
Speaker 1: going to risk. We're just talking about your objectives now.
Speaker 1: So you want to You're saying you want to invest
Speaker 1: for two three years. You want to risk the principle.
Speaker 1: You want to multiply that principle, right, right? Do you
Speaker 1: need liquidity to during this time? Not so much? Not
Speaker 1: so much. I prepared to wait for two three years
Speaker 1: if that that investment can grow. But you don't need
Speaker 1: liquid it. Okay, let's talk about your risk profile. It
Speaker 1: tomorrow the market fall by one hundred percent, are you okay?
Speaker 1: We live in it? There because you have a three
Speaker 1: year more ultimatum on my sorry timeline, or you don't
Speaker 1: take everything out what you're taking on this, I'm taking it.
Speaker 1: I'm sorry to have Okay. So it's the problem. It
Speaker 1: is the problem. When you are risk address, you can't
Speaker 1: risk your principle.
Speaker 8: You see.
Speaker 1: So if you want if I hear two three years,
Speaker 1: I'm yet shot ten. I'm not hearing stock markets at all.
Speaker 1: The stock markets are for investors that want to put
Speaker 1: their money minimum four, five and longer. Why because it's compounds.
Speaker 1: If you invest in say Tesla, look at Tesla before
Speaker 1: the elections, Tesla was how was worth one Sunday regip
Speaker 1: after the elections is about four hundred dollars. So in
Speaker 1: this short space is gone up. It's gone down. So
Speaker 1: for someone like you that wants your more principal intact,
Speaker 1: imagine if you had bought maybe Testla or the op
Speaker 1: positive Testla. Imagine you had bought Moderna, but those COVID
Speaker 1: injections they were up there. Down in two years time
Speaker 1: you want your money back, it's no longer because it's
Speaker 1: gone down. So stocks are not for you for a
Speaker 1: two year investor. Also, you said you want to grow
Speaker 1: your capital, but you don't want take a lot of risk,
Speaker 1: so that the two goals that not do not mayage.
Speaker 1: You understand, it's got to That's why I ask your objective.
Speaker 1: So your main objective bis on what I'm here, and
Speaker 1: you say is more or less a short term investments, right,
Speaker 1: fixed income where your capital is preserved. But to give
Speaker 1: you in biggers you say in more why that happened
Speaker 1: to make larger or return on your principle? So it's
Speaker 1: no longer ruler. Principle is making a return on your principle? Right, Okay,
Speaker 1: let's do so. Now do you want to invest in
Speaker 1: Nigeria or dorte to invest abroad?
Speaker 2: What do you think you mean investing.
Speaker 1: Now in Iraq? Correct?
Speaker 9: That's not.
Speaker 1: Said. Okay, So if you're gonna do us the investment
Speaker 1: and you want a high rates of return, what you're
Speaker 1: looking for are going to be certificates of deposits you're
Speaker 1: you're looking for those guys. Now, if you do city
Speaker 1: in America, you're going to be getting anywhere from four percent,
Speaker 1: So I tried from about three percent to about five percent.
Speaker 1: Three about five percent if you can talk to your
Speaker 1: bank and your broker, three to five percent, if you
Speaker 1: want more. You can't tell your broker you don't want
Speaker 1: fd ICY protection. What it means. It's not guaranteed, but
Speaker 1: it expluses yes. Now can you live with a non FDIC.
Speaker 1: You can say, well, this bank will not crash. It's
Speaker 1: in America. There's an implicit guarantee. You can see that, right,
Speaker 1: But you don't have the fd I guess is two
Speaker 1: thousand and below. So if you know, if you tell,
Speaker 1: if you tell a broker, listen, you can give me
Speaker 1: a city without fd I s. That means you can
Speaker 1: get I will pay you five percent for now. Remember
Speaker 1: this week today is artificial because the high invision in
Speaker 1: America is going to calm down. So for also like you,
Speaker 1: that's what I'll ask you to look at. I won't
Speaker 1: actually look at bonds because you're looking at a short
Speaker 1: term two three years. That's a CD. I would go
Speaker 1: to a CD or a money market for your kid
Speaker 1: is going to be a money market because the move
Speaker 1: longer term and you can withdraw it out. Turn my program,
Speaker 1: can you give me the FDIC option, give me non
Speaker 1: FDC option. When it gives me poth of them, I'll
Speaker 1: look at it. Built on my risk profile, I can
Speaker 1: decide to do. I can spread an investment into three
Speaker 1: or four companies, you know the CEM amount of spread across,
Speaker 1: or do a lot a lot. That means you do
Speaker 1: three months three months, so three months, six months, nine
Speaker 1: months majority, So every three months is mature and you're standing,
Speaker 1: we take that money you have, you divide into three
Speaker 1: six nine, So every three months is maturing. So if
Speaker 1: it's mature, you like it, you invest from that three months.
Speaker 1: If you don't like it, you take it out. Things
Speaker 1: like that. But that's how that's how we would invest
Speaker 1: for you, because you're in and all that. If you
Speaker 1: have come to me and your said give me another
Speaker 1: objective or that this profile, you don't ask a class.
Speaker 1: So there's no better or best investment. There's only an
Speaker 1: investment that meets your objective, which is what I've just
Speaker 1: try to do today.
Speaker 2: Okay, thanks very much. Just two more questions.
Speaker 3: Okay, So first and first question.
Speaker 2: Would be.
Speaker 3: This also open to none of the citizens of the US.
Speaker 7: And secondly, because you mentioned I mean just between broker,
Speaker 7: I don't have one at the moment.
Speaker 2: This is something that I can maybe look to find something.
Speaker 1: And secondly, yeah.
Speaker 10: I just I just wanted to bring you back to
Speaker 10: part of the question.
Speaker 7: I asked about the respources I can used to you
Speaker 7: for knowledge because I.
Speaker 10: Like I said, I just don't want to be in
Speaker 10: best for investments. I also want and why I'm investing
Speaker 10: on the pigs or the instruments I need to be
Speaker 10: able to me for investing.
Speaker 1: A lot.
Speaker 5: Are two fantastic questions. Let's do your first question. Non
Speaker 5: US residents.
Speaker 1: Yes, because you're in the West, right, If you talk
Speaker 1: to your broker and you say you want access to
Speaker 1: a US city, I think you can get it for you.
Speaker 1: I know you need a US social to buy US
Speaker 1: depository investments, but I think your broker will find a
Speaker 1: way to buy it for you because they have funds
Speaker 1: wanted market funds that do that, right, especially if you're
Speaker 1: in the UK or SO, they can get away for
Speaker 1: you to get an exposure. Yes, so talk to them
Speaker 1: and say I want to get exposure to US cities.
Speaker 1: There are also more cities that pay you more if
Speaker 1: you want, if you can take the risk. Turkish bonds
Speaker 1: are paying late ten percent, so you can go across
Speaker 1: the world. Just ask it, just google it, just say
Speaker 1: city heels across the world. They will give you lots
Speaker 1: of wills. Nigeria is paying in dollar terms dollar Nigeria
Speaker 1: for thirty years. So if you bought a euro bond,
Speaker 1: you should buy Nigeria to make about eight point. But
Speaker 1: that's the coop one. If you look at the yield,
Speaker 1: it's more than eight. So if you buy that the
Speaker 1: rope bond, you should buy Nature. You get more than
Speaker 1: that from the secondary market. Right, And that's what I
Speaker 1: was ask people to do Niagien because you can do
Speaker 1: nicety a dollar. Also it's better Niger. But if you
Speaker 1: talk to your broker, I'm sure they can keep you
Speaker 1: away because you're getting the West. It's harder for in
Speaker 1: Nigerian to invest, but you are already there. They don't
Speaker 1: mok yc and you, so it's easier for them to
Speaker 1: basically get that for you. So talk to them. They
Speaker 1: kind of hear on on on how you can grow yourself.
Speaker 1: My brother, it's the same way that you are. You
Speaker 1: a football lover, it's the same way the same way
Speaker 1: you lend what offside rule was? You watch football your
Speaker 1: uncle said offside, you did what they're talking about. Then
Speaker 1: you watch it again offside, then you actually up. Then
Speaker 1: you're not all offside means the same way you lend offside,
Speaker 1: learn about the best You've got to go studied. Here
Speaker 1: people talk and I always recommend you to go to YouTube.
Speaker 1: So YouTube just just put YouTube outing about investments. You
Speaker 1: see tons of resources with videos that will break it
Speaker 1: down for you, explain to you in the way you
Speaker 1: can understand. Also, read books also with podcasts. Also listen
Speaker 1: to Bloomberg. Let me recommend my book as well. I'm
Speaker 1: a Nigerian guy, but I've worked across you. You have
Speaker 1: worked in the US as well, and after all, my
Speaker 1: life is apart from when I started off. I don't finance,
Speaker 1: mind you. Money is for rich people, manage money in
Speaker 1: pension funds, manage moneys across the world. Right, So I've
Speaker 1: tried to write it very simple, but you understand. So
Speaker 1: if you get that book as well, it helps. Also
Speaker 1: on Twitter, just do the hashtag thin plant books. I'm
Speaker 1: going to shad thin plan books. That's hashtag fi n
Speaker 1: P l A n b A who kis. I also
Speaker 1: created lots of books that was perfect for you. So
Speaker 1: if I want to do other books, just use that hashtag.
Speaker 1: You see lots of books that put there that are
Speaker 1: just great for you to read and learn. But I
Speaker 1: like you too. Like podcast just that many podcasts on
Speaker 1: money that I like. Every day you hear podcasts everything
Speaker 1: without the time. If you're driving, convert your card to
Speaker 1: a laboratory of learning. Just listen to music, podcasting money.
Speaker 1: You pick up the terms. You pick up the terms,
Speaker 1: you understand how it works, You understand why there's offside,
Speaker 1: why there's this, why does this penalty? The same way.
Speaker 1: That's the best way I can advise you to go ahead.
Speaker 3: Thank you very much.
Speaker 1: Well, yes, thanks so much.
Speaker 2: Ja.
Speaker 1: Okay, I've got a did did see I did? Come
Speaker 1: see me at this? So? How you doing? I'm doing great, excellent,
Speaker 1: Thank you so much.
Speaker 2: Yeah, good evening.
Speaker 3: So I am.
Speaker 11: I am should I say an employer employee?
Speaker 12: I'm employer people, and I'm most working for people. I
Speaker 12: think think I have two issues. I'm trying to manage
Speaker 12: my finances. I'm trying to manage my own income from
Speaker 12: my business and also from my job, and it's very difficult.
Speaker 12: It says that I make a lot of money per month,
Speaker 12: but to be able to manage it, to be able
Speaker 12: to attach.
Speaker 1: It to go to service, which.
Speaker 2: Goes to investments, which are spending.
Speaker 12: On myself at the end of the when everything becomes
Speaker 12: clumsy and I don't even know how I spend the
Speaker 12: whole money and which one went to the ritual and
Speaker 12: it's always clumsive for me. So I don't know if
Speaker 12: there is any way you're going to able to track
Speaker 12: my finances, how I make my money and how I
Speaker 12: spend them.
Speaker 1: Okay, So the first question is, so you you have
Speaker 1: a gig and you're also employed, well done? Are using
Speaker 1: an it app to track this cash flow? Are using
Speaker 1: at all? I want you okay? Because I think I
Speaker 1: think it's very I like this this question. I wish
Speaker 1: I would like to work with you really right to
Speaker 1: the first thing you have to understands to have to
Speaker 1: separate boat incomes, the income you mix and the income
Speaker 1: business mix. Will have to separate both of them. First
Speaker 1: of all, I think I'm not sure, but I think
Speaker 1: there's a lot of core mingling of incomes and expenditures.
Speaker 1: And I think comingling is because you just haven't had
Speaker 1: the structure before we go into business strategy. I think
Speaker 1: the simple th introduce is ask you do you have
Speaker 1: where do you pay the gig income to? What bank?
Speaker 1: Does it not not know the bank. How many bank
Speaker 1: accounts do you have? I think I do have three?
Speaker 1: So one so is anyone for yourself personally? The only
Speaker 1: one that I have.
Speaker 12: Personalities my big event.
Speaker 1: So that's your if you want to buy you where
Speaker 1: do you take the money from? Piggy best.
Speaker 13: Money?
Speaker 1: And it's the money point account for the business or.
Speaker 2: For you.
Speaker 1: From the business. I hear you, so you see. The
Speaker 1: first thing we're going to try to do right that
Speaker 1: most we can do but is to try to separate everything.
Speaker 1: If you separate everything you from your business, we can
Speaker 1: have a better sense of what's going on. Do you
Speaker 1: have an accountant that you're not that you're not that
Speaker 1: you're paying every month? Do you have someone that has
Speaker 1: audited your books before? Okay, that's fine. You can do
Speaker 1: it yourself. There are many apps you can use. Right,
Speaker 1: you can buy an app and you can key in
Speaker 1: like I'm not sure if that your offers that where
Speaker 1: the app can go into your account and record all
Speaker 1: your transactions. You might have to do it yourself manually.
Speaker 1: There's an app like Mint. There's to be a Niger
Speaker 1: app or the longer available where you get this app
Speaker 1: you key in all your expenses and then the apput
Speaker 1: code it for you. So Utilities supplies power to code
Speaker 1: those expenses for you on what you are doing on
Speaker 1: your business side and also for your personal side because
Speaker 1: you are losing a lot of money from not cleaning.
Speaker 1: Do you pay don't answer, but do you pay taxes?
Speaker 1: If you pay taxes and you cannot get your expenses
Speaker 1: listed out, you are listening of money. You're leaving money
Speaker 1: on the table. So you want an app that you
Speaker 1: can code all your expenses you are making. You buy sua,
Speaker 1: you enter a cab, you buy cook Those are business expenses,
Speaker 1: but if you don't code them, you can't claim them. Also,
Speaker 1: if you don't code them, do you don't know if
Speaker 1: you're making money? Do you know how much profit you make?
Speaker 1: And how much income you make? Do you know that?
Speaker 2: I know?
Speaker 1: I hear you? Fantastic?
Speaker 9: So let let's do this right, just.
Speaker 1: Let's walk send me a DM right. First of all,
Speaker 1: if you go to I have an app that I
Speaker 1: can give you for free. I created it, right, it's
Speaker 1: on its online. You can keep coding your own personal
Speaker 1: income and your own personal expension, but it's not for
Speaker 1: the business. So for instance, you can go in there
Speaker 1: and you can say this is the income I make.
Speaker 1: It can couple the passive income from your business. But
Speaker 1: that is only for the business. If you want to
Speaker 1: do three, you can do three and have one for
Speaker 1: your personal self and then do one for the business self.
Speaker 1: You can do that on the app. It's on my website.
Speaker 1: It's not my website, it's my name, Carlo Aga or orgy.
Speaker 1: If you better going to see financial calculator, it's a
Speaker 1: big red columny that if you hit it, they're going
Speaker 1: to give you. You see where you're putting your goals.
Speaker 1: You see your income, it's your expenses, it's your cash.
Speaker 1: It wasn't automatic for you, so once you're putting your income,
Speaker 1: you will sort of like dopyting else for you. What
Speaker 1: you want to do today, this is greatest twenty and
Speaker 1: five is you want to have three books, Go and
Speaker 1: buy two exercise books. You don't do this computer one.
Speaker 1: Buy three exercise books, one for yourself, one for the business,
Speaker 1: one one for business.
Speaker 2: Two.
Speaker 1: You separate everything. If you make income, write it down.
Speaker 1: So when you have an accountanty, just give him. If
Speaker 1: you want to have an Excel sheet to the exact
Speaker 1: same thing. Excel one for the business one Excel two
Speaker 1: for business too. Start to track the income and the
Speaker 1: expenses just as well on this program. Track your income,
Speaker 1: track your expenses. Just do that alone. When you get
Speaker 1: the expert, you give that to him. He will give
Speaker 1: you your balance sheet. You'll give you your income, you
Speaker 1: give you expenses. If you want to send me a DM,
Speaker 1: let me work with you. I'm not gonna charge you,
Speaker 1: don't worry. Just want to use you as as you say,
Speaker 1: a key story, right, So we just to organize all
Speaker 1: that for you. So but you have to show that
Speaker 1: you want to be too popper about right, So let's
Speaker 1: do that for you. So first and first, we're going
Speaker 1: to separate everything from generally first, right, so we're lucky,
Speaker 1: so generally rest you should know every income that comes
Speaker 1: from business one, from business too, and your personal so
Speaker 1: it's all separated. That's what you do. Then Nomber two,
Speaker 1: you record them. Can you do that for me? Just
Speaker 1: separate and record That's all I do today. Separate and
Speaker 1: record them by generally and we get an song that
Speaker 1: will come and do your your audits for you. Then
Speaker 1: you can have a picture. You might be making losses
Speaker 1: you don't know by making property.
Speaker 14: You don't know.
Speaker 1: Let's let's start out with you send me a DM
Speaker 1: go to the website. So that's for your personal but
Speaker 1: today you're gonna do separation and recording. That's what we're
Speaker 1: gonna do from generator first, separation and recording. Right, thank
Speaker 1: you very much. Welcome. Second question, what's the good question?
Speaker 15: Really?
Speaker 12: Really many things about to correct the space to have
Speaker 12: aged about it and have probably say if you back
Speaker 12: you would you buy it, sells about it.
Speaker 1: You see that going to lasday and tomorrow and you
Speaker 1: be seeing it.
Speaker 3: Down that what is happening to you?
Speaker 12: Don't say it's going to like what crazy ship is happenings.
Speaker 3: I just want to have any knowledge about it. I'm
Speaker 3: not diving into it yet.
Speaker 11: That's just it.
Speaker 1: But do you have any investments at all currently? Yes?
Speaker 1: I do have buy on picking so just live on
Speaker 1: you just you just have money, we pick invest like
Speaker 1: just see money with them. Yes, okay, okay, any of
Speaker 1: the investments so that the commercial paper is an investment.
Speaker 1: The service is not right, so that's all you have, right, Okay?
Speaker 1: Do you have an rs C? Do you have an
Speaker 1: RSS okay? So can you open up a retirement service account?
Speaker 1: Is it possible. Yes, okay, do that. So you've got
Speaker 1: the piggy that's perfect. Let's do our RSSA. Then we
Speaker 1: can start you with buying. And how young you are
Speaker 1: about to sound, I'm gonna say so if you sound younger,
Speaker 1: I want you to do more of equities, So to
Speaker 1: invest in equitizations because then you can take advantage of
Speaker 1: your age and compound. Right because at your what's the
Speaker 1: interest you're making from piggy bes cepeple, what's the interest?
Speaker 6: Do you know?
Speaker 2: Okay, as I do.
Speaker 3: Or something.
Speaker 1: Let's let me let's let's give its fifteen percent inficiality
Speaker 1: in Nigeria. Do you know what do you think it is?
Speaker 1: So it's about it's about it's about ten percent. So
Speaker 1: the Piggy Best money you're making. You're making money, but
Speaker 1: in real terms we're meeting. In real terms, we're not
Speaker 1: making money. So we'll look out. I want you to
Speaker 1: look at it this way. The piggy Best can be
Speaker 1: your fund right, the CP. The CP can be your
Speaker 1: little savings like okay, short time things. We'll have to
Speaker 1: get you into one that time savings. That's how I
Speaker 1: do mis account. And we're going to try to buy
Speaker 1: you some equity, US equity and your equity. We get
Speaker 1: two of them, right, So but one thing, you're going
Speaker 1: to separate your back account for your personal Like I'm
Speaker 1: going to have three accounts on Excel, on an Excise book,
Speaker 1: or on an app if anybody has an app that
Speaker 1: doesn't send me a d M or shared, but separate
Speaker 1: and record. That's for what you're gonna do. Nomber three,
Speaker 1: you're gonna put up an r C. And number four,
Speaker 1: I try to open up and app and allow you
Speaker 1: to buy shares. There are three shares, there are three companies.
Speaker 2: I like to do this.
Speaker 1: That's secretary start Chacker, Cowie and Bamboo were talking amount
Speaker 1: give you my mission. So I want you to get
Speaker 1: into longer term investments. That's we do all before crypt
Speaker 1: That's what I'm going to this man story. I want
Speaker 1: you to do all this because the crypto is going
Speaker 1: to be one to tell them. The portfolio. It should
Speaker 1: be a great portfolio. You want to be You want
Speaker 1: to take advantage of your age. Your age is a
Speaker 1: big factor. It's you are younger, So take avantage of
Speaker 1: that crypto. Right yeah, perfect, all right, super super nice questions.
Speaker 1: Appreciate you, thank you. Let's guess who is your sir?
Speaker 1: Who your.
Speaker 3: I am going to thank you? So I'm busining a
Speaker 3: state and my question kind of like one of them,
Speaker 3: is the E T E turns stands similar to.
Speaker 1: MH.
Speaker 2: Is there any like.
Speaker 3: The other?
Speaker 1: But that's the same thing. Mutual funds, So ETFs exchange
Speaker 1: traded phones, mutual funds. The message that you can trade
Speaker 1: the mutual fund during the day. That's et F exchange
Speaker 1: traded fund or mutual funds. So when you burn et
Speaker 1: F you can sell it by PM. I buy three PM.
Speaker 1: The mutual fund you have to wait till the end
Speaker 1: of the day to do any like a unique trusting Also,
Speaker 1: ets have some tax advantages that that mutual phones don't have.
Speaker 1: So I personally prefer ETFs that mutual phones and all
Speaker 1: that flexibility. Yeah, but the same one, the same thing,
Speaker 1: no difference.
Speaker 3: Would you add.
Speaker 6: Langer or the US, because I don't the US is
Speaker 6: lower with turns and new there I think have done
Speaker 6: it can be.
Speaker 1: Yeah, you know, no, I can't give I cannot give
Speaker 1: advice on social media. Let me just put that car
Speaker 1: in there. But let me let me let me ask
Speaker 1: this way, if you tell me more about you, I
Speaker 1: can tell you your so. No, but look at this
Speaker 1: way do you buy would you buy Messy if MESSI
Speaker 1: was playing very very badly or MESSI was playing perfect?
Speaker 1: When would you buy Messy when MESSI mess you Let's
Speaker 1: say Message is playing bad or ex playing good? When
Speaker 1: did you bad good or bad? Tim buy him? When
Speaker 1: I was playing bad good?
Speaker 16: I was playing good?
Speaker 1: But if he's playing good, will his price go up
Speaker 1: or down? So you buy him good or bad?
Speaker 2: Oh?
Speaker 1: Him bad? Why why are you buy him bad?
Speaker 17: Because become good?
Speaker 1: So you know he's no good? So you know he's good, right,
Speaker 1: but it's cheap because it's bad because he's playing bad now,
Speaker 1: but you know he's good. I be good. But would
Speaker 1: you buy me if I'm playing good or that? Would
Speaker 1: you buy me?
Speaker 16: Yeah?
Speaker 1: You would you buy me? No, you won't buy because
Speaker 1: when you buy me good or you buy me bad,
Speaker 1: it doesn't matter. I'm not going to play well, so
Speaker 1: you don't buy me at all. So the answer is
Speaker 1: that if you don't invest in Nigeria, I want to
Speaker 1: ask if it is Nigeria is good investments? Look at
Speaker 1: it this way, four out of one not for African Nigeria.
Speaker 1: Nigeria has football has gas, has coastline, has arable land
Speaker 1: to the civil power, the largest number of diaspora outside
Speaker 1: Africa from Africa, the most educated Africans. It's so with
Speaker 1: all this, do you think that this is a good
Speaker 1: place for money in? Obviously yes, the question is when
Speaker 1: should make the money in and where should we put
Speaker 1: money in. We can't put money in and for ten
Speaker 1: years it's a look of place with the money's just
Speaker 1: going to waste because people will just steal it or
Speaker 1: do nothing, or you can't put money in. After five
Speaker 1: years the place has a good president and we're just booming.
Speaker 3: We don't know.
Speaker 1: So because you don't know, I would say if you
Speaker 1: have one that you can invest and forget about. Niu
Speaker 1: has the perfect way to invest, perfect way to invest,
Speaker 1: because if you're going from dollar to Nigeria, right, you
Speaker 1: are buying Niger on a discount. If I take a million,
Speaker 1: it's by take six hundred dollars. That's a millionner. If
Speaker 1: I take a millionaire to my village, I can buy
Speaker 1: lots of farmland with six hundred dollars. If it becomes good,
Speaker 1: I can't buy a round again with six rd dollars.
Speaker 1: So for the foreigners, amongst us it that's brand. You
Speaker 1: have an advantage, you have made more expensive currency. Do
Speaker 1: you packause you are buying Niger at a discount. You
Speaker 1: take a dollar and you buy the round stocks. You're
Speaker 1: buying an implicitly discounted mark. Kids. So that's the answer
Speaker 1: for you. If you believe that Niger will turn around tomorrow,
Speaker 1: it's a great time to buy. If you think it's
Speaker 1: all over for Nigeria. Don't want your money, keep it
Speaker 1: back with you, But it depends on your attitude to
Speaker 1: risk how long you want to invest that money. I
Speaker 1: know a guy that took money and invested rents and
Speaker 1: he built the university's and house in Nigeria. He's got
Speaker 1: his money back. But when you message want to doors,
Speaker 1: it's nothing, But he gets his money back. So I
Speaker 1: told the guy, you haven't lost your money, you just
Speaker 1: don't have a way to invest the returns. So if
Speaker 1: you take your money there you go and buy palm canel,
Speaker 1: or you buy a cashoe and you're exported. You tink
Speaker 1: you've got the willing back, but no one has that time,
Speaker 1: you see. So that's your answer for you. Really, it's
Speaker 1: it's a disgusted market. If you want to buy the best.
Speaker 1: You can't go wrong. But then again it depends on
Speaker 1: your objectives and your risk profile.
Speaker 17: It's gonna be in the US, like.
Speaker 1: I would give you, I would go, I would do
Speaker 1: Vanguard or Fidelity. Why Banguard because they are cheaper. Vangard
Speaker 1: is the largest, so your cost to purchase they have
Speaker 1: very very low expensive You know about VT VTVT. This
Speaker 1: has all Vanguard. So if you buy those stocks, you
Speaker 1: are buying. If you want to buy, let me give it.
Speaker 1: If you want to buy all the stocks in the world,
Speaker 1: like I live ones right, you just buy something called
Speaker 1: VT VT. That's an ET that buys all the stuffs
Speaker 1: that are going to buy a Microsoft, Tesla, Samsong, Toyota,
Speaker 1: all the stocks in the world. That's VT. But if
Speaker 1: you want to buy just five thousand, four thousand, Fiveulus
Speaker 1: stocks in the US alone, buy vt I. That's just
Speaker 1: VT but just in the US VT I. But if
Speaker 1: you want to buy in the US also, but only
Speaker 1: five hundred stock, I want to buy four on I
Speaker 1: don't buy five min stucks in the US. Then you
Speaker 1: buy v oh oh, that's five minute stocks in It's
Speaker 1: how I'm coming down. I went from the world VT.
Speaker 1: I went to VT I which was stocks. I got
Speaker 1: to b O O with his five on the stocks.
Speaker 1: But if I don't want to buy the US at all,
Speaker 1: I want to buy some song, and I do want
Speaker 1: to buy US, I buy v x U S. That
Speaker 1: is all the stocks, and I was the US. If
Speaker 1: I want to buy bones, I buy b n D.
Speaker 1: If I want to buy property, I buy v n X.
Speaker 1: This is our whole banger. So why Bangard because it's large,
Speaker 1: So the cost to buy one stock is cheaper. You
Speaker 1: buy the same stock, but it's cheaper with Bangard all
Speaker 1: so I always go with them because of the cost.
Speaker 1: Here they're not paying me. They don't pay its thing
Speaker 1: because I use them, or you go through your back.
Speaker 1: I normally buy to my bank and all that. But
Speaker 1: those guys also give you a good deal. Yeah, welcome,
Speaker 1: I've got giant, a giant hyry a giant olu. Yeah, Hi,
Speaker 1: go ahead? Can I speak up? Can I speak up
Speaker 1: a bit?
Speaker 13: Yeah?
Speaker 1: I'm good evening, Hello, say go ahead? Yes, all right.
Speaker 3: My question is also ask about the investments network.
Speaker 18: Do you have investments network or a group of funders.
Speaker 19: I'm interested in.
Speaker 3: Firstructural investments in.
Speaker 18: We have for a couple of frits, specially uh.
Speaker 3: Ants Milly grets yourself.
Speaker 1: Somewhere you're going I understand where you're going to, Okay,
Speaker 1: but we don't not the right space for it. I don't.
Speaker 1: It's not not the right space for it. But I
Speaker 1: only have the bettles I can do this. Did he
Speaker 1: drop up? Yeah? Not the right space for it, per se.
Speaker 1: And even if I had investors not here, maybe send
Speaker 1: me a d N. But it's not something I think
Speaker 1: I do. I don't have an I can't be an invested.
Speaker 1: You need to need to talk to angel or seed
Speaker 1: or private equity people. That's why you talk to There's something.
Speaker 1: There's something called legos injurls network. Stef can google its
Speaker 1: legals injureds network. If you can google there and if
Speaker 1: you can get some some because I don't do Google
Speaker 1: power see, someone can invest in you. You get get
Speaker 1: an investment, local investment, get a large one to get
Speaker 1: for investments. So if you can go over there and
Speaker 1: if someone can invest in you appreciate that. Let me
Speaker 1: get Frank. I've got Frank, mister Frank f Flo.
Speaker 3: Yeah, give me everybody.
Speaker 5: So have.
Speaker 20: You said something about inflation being that stripper.
Speaker 2: I don't know if I got that brod that someone
Speaker 2: is making money in the.
Speaker 3: Pat she's not really making any money.
Speaker 1: So my question is.
Speaker 20: I will have an investor mm hmm, give me in
Speaker 20: the business, the profit and laws.
Speaker 2: So we've found out that.
Speaker 9: We made around you know, it's a millionaire profit, and
Speaker 9: then we did expense.
Speaker 2: Of forty million era, then we didgaquity and then we
Speaker 2: are taxteen million ere short.
Speaker 1: So I couldn't account for.
Speaker 2: That because I have I know the basic knowledge of accounting.
Speaker 1: I missed that, frank of that, I couldn't rank.
Speaker 2: I couldn't.
Speaker 3: Yeah, I missed you.
Speaker 1: You dropped off? Can you cover over you? You loved
Speaker 1: what I said. I'm not nothing, I'm calling.
Speaker 3: Okay, okay, okay.
Speaker 1: So I said.
Speaker 2: I was able to do the bookkeeping. I tried got
Speaker 2: the expenses.
Speaker 3: So we did the perfectly.
Speaker 2: Made and it is also the same as the expenses made.
Speaker 1: Okay.
Speaker 3: So what we did we played what many in the business.
Speaker 3: We were eighteen million shots. I couldn't account for that.
Speaker 1: Pause pause, you invested how much in the.
Speaker 3: Business around the hundred million?
Speaker 1: About that goes to that goes to the balance sheet, right,
Speaker 1: So now you said, you made your you made this
Speaker 1: stop profit and loss. So how much the profit or
Speaker 1: loss did you make?
Speaker 2: Sorry I didn't get the question.
Speaker 1: So you invested one hundred million, that's your balance sheet.
Speaker 1: So I'm asking let's go down to your profit and
Speaker 1: lost statement. How much profit or loss did you make?
Speaker 1: Eight million? One eight million? Okay, So there's no connection
Speaker 1: with your one hundred million, and you're eighteen. You know
Speaker 1: that because eighteen it's your profit. So this test team
Speaker 1: then you're looking for saying you cannot find it. Wait,
Speaker 1: did did you it's in your balance sheet? It's not
Speaker 1: in your incompetement. I'm not sure if you you're fooding
Speaker 1: what I'm saying. If I take you a one hundred million,
Speaker 1: I invest in my business, I buy head office, I
Speaker 1: buy a car, I buy a computer, and I do business.
Speaker 1: The business gives me eighteen millions. That's that's that's revenue
Speaker 1: or revenue does not have the connection with my balance sheet. Person,
Speaker 1: So when you say you can't find test million, are
Speaker 1: you saying you you can't find where you invested TESTI million.
Speaker 16: Like testimon was seen from the equity, it'sposed to see
Speaker 16: it in the equity.
Speaker 2: Like everything in the business.
Speaker 1: No, no, no, no, what do you mean by it?
Speaker 1: Says in the equity? The equity is your car, your office,
Speaker 1: cash in the bank. If I bring in a hundred
Speaker 1: million to do a business and I take ten millions
Speaker 1: and buy an office and computer, so I have office
Speaker 1: and computer maybe to two million, then I should have
Speaker 1: eight million the bank. So what are you saying? I say,
Speaker 1: you don't have the money the bank or the computer
Speaker 1: or what are you saying? The equity I'm talking about
Speaker 1: is just this stock. Let's talk the inventory.
Speaker 3: Yeah, the inventor, yes, yeah, So so.
Speaker 1: Now that's your balance. So you bought maybe you bought gala.
Speaker 1: You can't find thee to the someone's to the gallon
Speaker 1: Franky songs. The inventory because if you bring in raw
Speaker 1: cash as capital and you buy stock, which is inventory,
Speaker 1: that stock is on your balance sheet. The way you
Speaker 1: sell the stock, the stock comes to your income. So
Speaker 1: you bought let's make it simple, you used the one
Speaker 1: hundred billion and you bought stock. Do you have balanchet
Speaker 1: what one hundred million? Then you sold eighteen million. That
Speaker 1: goes to your income as statements as eighteen million sales.
Speaker 1: That means that we do your audit your eighteen is
Speaker 1: a different book attire only your asset side. You should
Speaker 1: have one side to show your stock a one hundred
Speaker 1: million and your capital one hundred million. So when you
Speaker 1: sell that stock for eighteen million, right, the balance would
Speaker 1: still be in your warehouse. Now, when your balance sheet,
Speaker 1: you should balance your stock should balance with your sales.
Speaker 1: Maybe your bank statements or your debt of sticks should
Speaker 1: balance your stock. Because the stock is leaving your your
Speaker 1: company to be converted to cash or debt. So each
Speaker 1: stock will leave your company, you're going to get cash
Speaker 1: or debt. That's where the difference is.
Speaker 2: Is.
Speaker 1: I'm not gonna make it complicated. If if we've missed
Speaker 1: it somewhere, it may do a record. When you have
Speaker 1: one hundred bags of rice and one bag of rice
Speaker 1: lead your warehouse, you should have on the corresponding side,
Speaker 1: cash or debtors should balance Your hundred bags should balance
Speaker 1: to cash, the bank or debtors. The point I'm making
Speaker 1: it so do you an accountant, Yes, So that's an
Speaker 1: easy that's an easy answer for your accountant. They can't
Speaker 1: give you the answer fire you got somebody else's That's
Speaker 1: that's easy answer for your accountant. Frank it's a simple
Speaker 1: call for him. It's a simple call for your accountant.
Speaker 1: When you sell goods, you either get cash or debtors,
Speaker 1: and the cash was debtos should be equal to your inventory,
Speaker 1: so your balance to balance. If it's not balancing, that
Speaker 1: means either somebody stole your stock, or you have no
Speaker 1: cash in the bank, or you have your sold money
Speaker 1: on credit. I do know who you sold it to.
Speaker 1: It's one of these three answers. Either your student.
Speaker 2: With inflation.
Speaker 1: It's not doing with inflation, because you are going to
Speaker 1: carry that stock and still sell it. When you sell
Speaker 1: your eighteen million, is where you are going to put
Speaker 1: your inflation, right, you're uprising. So if you bought your
Speaker 1: one hundred million goods at a one hundred million IRA
Speaker 1: right when you want to sell, you can add your
Speaker 1: inflation and say, okay, I'm going to sell each bag
Speaker 1: of ride at one hundred Ira plus percent for my
Speaker 1: inflation plus my real profit, so that when you are
Speaker 1: send that eighty million, you are capturing all those costs.
Speaker 1: So it goes back to my answer. The inventory will
Speaker 1: not be equal to your revenue, right, that is your
Speaker 1: inflation adjusted revenue, right, and that revenue will go to
Speaker 1: your bank or to get us. That's the different question
Speaker 1: asking now that when you're putting your pricing, you should
Speaker 1: have taken to account in fiction and your cost of
Speaker 1: sales to add to your COSTO. We don't have that
Speaker 1: leverage because moving. What are you saying? What are you saying? Frank,
Speaker 1: you buy a tenne error, we sell not much, but
Speaker 1: you have to sell it first at what price? You
Speaker 1: don't have any imagine? We are the imagine like around,
Speaker 1: How do you demine? Imagine? It's just that's a selling
Speaker 1: so you can be able to sell. Frank, you have
Speaker 1: accountant now, no, no, each you can't do that. Now
Speaker 1: you have you have a cost. When you have a cost,
Speaker 1: you have to sit down every day or every hour
Speaker 1: you ask yourself, this is my cost a B. You
Speaker 1: have to know what your break even is. You have
Speaker 1: an accountant, write it down. What is your break even?
Speaker 1: Your break even is the price that you must sell
Speaker 1: that commodity to make a profit or even to cover
Speaker 1: your cost, not even profit, just to cover your cost.
Speaker 1: In that break even, he will put infusion, he will
Speaker 1: put nepper, he will put in the last man, he
Speaker 1: put everything that even. You will tell you we must
Speaker 1: sell out for fifteen error to break even. If you
Speaker 1: sell a fourteen making a loss, that's where your capital
Speaker 1: is going to. That's why your disappearing. If you sell
Speaker 1: to the loss, your capital will disappear because on one
Speaker 1: side you have a one hundred million, on the other
Speaker 1: side you have bank balanced less than one hundred million.
Speaker 1: That's the test, Sar you're looking for, Frank, don't because
Speaker 1: for you I can fully, but I'm giving you all
Speaker 1: the insight for you now right, you are counters and
Speaker 1: given the outside it's very very simple thing you're You're
Speaker 1: just not either you're not not capturing your costs properly,
Speaker 1: or are not capturing yourself properly.
Speaker 3: The reason we are is because we are we are.
Speaker 2: We are distributed.
Speaker 1: It doesn't matter cost, it does matter. It doesn't matter.
Speaker 1: You have the cost. You must have the cost of sales,
Speaker 1: then you sell and take a profit. Well, I did
Speaker 1: enterprise every second. If you can't do the business, you
Speaker 1: can't stay in the business. You get what I'm saying, Frank.
Speaker 1: If you want to talk about DM, right, but let's
Speaker 1: I don't want to keep put yours. I can consult
Speaker 1: for you on this, bro. But it's a very simple thing.
Speaker 1: You're missing the very best simple things that the number
Speaker 1: one you're not capturing your cost properly. Number two people
Speaker 1: are owe you on a tree. You're not capturing your sales.
Speaker 1: It's there, it's There's not a it's not a hard
Speaker 1: thing you're asking, but is more what you say it.
Speaker 3: So do that.
Speaker 1: I beg Yeah, you're welcome. Yeah, let's get l v
Speaker 1: H D l BT.
Speaker 15: Okay, I have a big question that is concerning government
Speaker 15: part securities and assets and yeah, so you know, I've
Speaker 15: been doing some reading recently and one trend is the
Speaker 15: increasing levels of foreign and domestic that I.
Speaker 3: Don't think it has app is high in trend.
Speaker 15: History with the risk significant risk of declining areas for revenue.
Speaker 2: I think he also said something like that earlier today yesterday.
Speaker 2: My question to you is that are their.
Speaker 15: Concerns, you know, concerns when it comes to UH risk
Speaker 15: when it comes.
Speaker 1: To government defaulting on their debt obligations.
Speaker 3: And the reason I see that.
Speaker 15: Is because ordinarily one of the government assumes that it
Speaker 15: is supposed to be used to fund capital products.
Speaker 3: Things that would a revenue. But I think what we're seeing,
Speaker 3: especially for the domestic is that the spread and morning
Speaker 3: to get up some of that publications. Well for the
Speaker 3: foreigner taking on that to pay off existing debts.
Speaker 2: So do you from your perspective, do.
Speaker 3: You think it default is in the future.
Speaker 1: Yeah, I mean, if you look at the year, was
Speaker 1: it IMF or not FITCHU was Fitch this weekend has
Speaker 1: said that I don't how to look at their physical deficits.
Speaker 1: What they were saying was this that with every project
Speaker 1: we've had, this year's budget, last year's budget, what we
Speaker 1: basically do is we say we end ten era, we're
Speaker 1: going to spend fifty, so we have a deficit project.
Speaker 1: This is what we've done for as far as I
Speaker 1: can remember, but especially the last two budgets. We at
Speaker 1: ten error. This is plus oil, we end tener, we
Speaker 1: want to spend fifty. So the gu is cutting a
Speaker 1: quote according to her size, not her plot. That's a
Speaker 1: big problem. The problem is this, we are borrowing eurobone,
Speaker 1: which is dollar, and we're also borrowing naira in nyra debt.
Speaker 1: We can print money and pay The last administration borrowed
Speaker 1: the equivalent wait for it, the dollar equivalent of fifty
Speaker 1: billion dollars, and how do we pay for that? Fifty
Speaker 1: billion dollars. We've printed did forty billion or whatever, forty
Speaker 1: billion dollar bond. We've printed that money. So now you
Speaker 1: is printing nira to pay back n ira. If you
Speaker 1: look at the budget, forty five percent of board is
Speaker 1: going to debt servicing. So if you pay the debt
Speaker 1: and you pay salaries, the entire budget is gone. We
Speaker 1: are borrowing to pay borrowing. We are borrowing to pay
Speaker 1: salaries before you ever get to billion roots. But it's
Speaker 1: a big problem because what happens if tomorrow oil price
Speaker 1: goes to fifty dollars in barrel, Now it's done. We're
Speaker 1: done because at up even now that's why we're not now.
Speaker 1: But god, this price, we can't pay the debt. But
Speaker 1: that we have, especially urobod Andreas light as oil something
Speaker 1: like that frecks. NNA is n NPC, but NNPC is
Speaker 1: not in the budget. If you pull up the fat
Speaker 1: but you don't see an NPC, You don't see it
Speaker 1: in any state. But what do you see? An NPC's
Speaker 1: in a softidy payment that you're paying. NNPC pay is subsidy.
Speaker 1: But look at what is doing. NPS is also borrowing
Speaker 1: dollars and using the collateral of the NIEUA and Ira
Speaker 1: npiece revenues to pay. So NPC is borrowing. Nigeria is
Speaker 1: borrowing in dollar nira. We borrowed two billion dollars in
Speaker 1: December twenty twenty four to set this twenty twenty four budget,
Speaker 1: not no typo. We're borrowing in December twenty four two
Speaker 1: billion dollars to finance the twenty twenty four budget for
Speaker 1: the big huge promise. As a matter of fact, is
Speaker 1: the biggest of Nigeria today because if oil goes to
Speaker 1: fifty because of battle, we're done for now. That's a
Speaker 1: big risk. The only thing that gives me a bit
Speaker 1: of confidence in Nigeria today is than go to a
Speaker 1: refinery because as Dangote keeps on up, he can export
Speaker 1: more products and gets more dollars into the country than
Speaker 1: is a revenue source. I don't think he would budget.
Speaker 1: Guys have and will have the ground so that they
Speaker 1: might save the balance sheets, but I don't know how
Speaker 1: much because I's fighting him, you know. So when he
Speaker 1: exports his byproducts, that's the new revenue stream for Nigeria.
Speaker 1: He's already the largest non oil exporter with you real fertilizer.
Speaker 1: Imagine what he starts to export those other byproducts, that's
Speaker 1: going to be a big saving. So that's my answer
Speaker 1: to you. Right, the biggest risk today in Nigeria is
Speaker 1: the oil price no fall to fifty or sixty and
Speaker 1: we cannot not money that not any enough to pay
Speaker 1: salaries and police police. So lt that's the answer. It's
Speaker 1: a big problem that the principal today.
Speaker 2: And that brings me to my second and final question.
Speaker 2: Thanks for answer the answer that you're provided.
Speaker 3: Looking at the fact that you know the United States
Speaker 3: is a.
Speaker 15: New president is coming in your president that believes the
Speaker 15: franking and standing our production of energy.
Speaker 2: Right, that's crude all.
Speaker 15: I believe this could impact the global oil market, which
Speaker 15: could follow up bring down our process on the on
Speaker 15: the global market.
Speaker 2: I don't know if.
Speaker 15: It is a wise idea now to invest in government
Speaker 15: backed securities.
Speaker 2: I mean my drank of packed securities, which honestly is
Speaker 2: like a money printer looking at the interest rates.
Speaker 21: So would you advise someone that is a innovement so
Speaker 21: to say that's fit in the drum market? Would you
Speaker 21: say the government backed securities would be a stable source
Speaker 21: or a stable.
Speaker 15: Investment or trustworthy investment.
Speaker 1: For that So I should what you're asked investgation by
Speaker 1: anan predocmentary. That's what you.
Speaker 3: Accent.
Speaker 1: I hear you, So look at it this way right there.
Speaker 1: No again, I'm not giving you advice. There is no
Speaker 1: good or bad investment. There's only an investment that marches objectives. Yes,
Speaker 1: I saw that the risk free really doesn't. Invest in
Speaker 1: Nigerian government bonds today for one year you're going to
Speaker 1: get twenty nine percent risk free, which means you don't
Speaker 1: take any risk. It will not default the bad default on.
Speaker 1: You know why because they will prints pay. So if
Speaker 1: you give Nigeria one nira, they will give you back
Speaker 1: in one year one nira. Technico go risk free. Why
Speaker 1: should I go and invest like a day comes he's doing?
Speaker 1: Why should I buy the shop when I can get
Speaker 1: ten too percent? Niger Government risk free? So is paying
Speaker 1: me more than banks on pay me. So it's a
Speaker 1: big problem for the economy because if the government is
Speaker 1: paying you more than banks, ever's gonna go to the government.
Speaker 1: No one's gonna go to the Banks's amo's gonna create
Speaker 1: jobs to the big, big, big problem. But it's the
Speaker 1: best investment today in Nigeria. That's the problem where else
Speaker 1: would you invest. There is no investment today that is
Speaker 1: regulated that is bus in inflation. Only the Nigeria stock
Speaker 1: market as an index. It's busing inflation or a they
Speaker 1: have particular individual stocks bused in inflation. But where else
Speaker 1: do you invest? So the answer is to you if
Speaker 1: you want to do bones and money market, that is
Speaker 1: your mind is looking at short ten returns, short term returns.
Speaker 1: You can't find a short tail retails in nature that
Speaker 1: is safer and the venog bombs that is gonna be
Speaker 1: with nine percent none, So the size if you're looking
Speaker 1: for a short term that's your best bet. If you
Speaker 1: have but you don't have fifty million after the big boys,
Speaker 1: your your best is going to be in federal sibbings
Speaker 1: bombs that are two and three years and pay you
Speaker 1: like eleven percent, and I think it's ten percent because
Speaker 1: you have maybe five k. But if you have fifty million,
Speaker 1: your best bus is pedogment bombs because that's the per
Speaker 1: saved best investment. I'm sorry to say, but it's a
Speaker 1: big problem. It's not it's not a good thing. It's
Speaker 1: bad to ten percent. So you take it if that's
Speaker 1: your If you have a short investment and you don't
Speaker 1: want to risk that's your best investment. All right, You're
Speaker 1: welcome an any time. Let's get tech tech and solar energy. Pious.
Speaker 3: Good evening, mister Cable.
Speaker 1: I'm so glad to be here. Thank you so much
Speaker 1: for what you do.
Speaker 3: Mine is a very simple one. I was need class
Speaker 3: like this or what's up?
Speaker 19: And the person was talking to us about investments, especially
Speaker 19: fixed the posit and that I want to mysty I'm
Speaker 19: thinking of doing something in that area we are I'm
Speaker 19: looking at is I'm thinking of using because I've looked
Speaker 19: at the impest one is the target sven is fifteen
Speaker 19: percent and they fixed.
Speaker 1: Ahead. What's the question?
Speaker 22: Okay, my question is this the person who the somebody
Speaker 22: told me that if any bank or whatever is giving
Speaker 22: you physical is more than five percent, and the usually
Speaker 22: runs fig.
Speaker 1: So I'm seeing this.
Speaker 3: And I'm scared. I don't know if I should do it.
Speaker 1: So what I would say is, if you want to
Speaker 1: invest online, I think only only uses SEX registered platforms,
Speaker 1: and I'm going to just share a tweet now on
Speaker 1: the SEC registered investment apps. Now, I'm not saying that
Speaker 1: the other ones are not safe. I'm just saying this.
Speaker 1: At the second registered ones sex has fund rested, so
Speaker 1: fully registered. I mean Big Invests has a license right
Speaker 1: and all that only in put your money in the
Speaker 1: world that have a license. I'm the guys, so I'm
Speaker 1: going to go towards sex. That's what I'm gonna just
Speaker 1: share tweet. I think it's bamboo, just share it now, Bamboo,
Speaker 1: it is registered, Bamboo, Bamboo is there. Then we have
Speaker 1: howy wise, so let's put calorie wise.
Speaker 3: The o W.
Speaker 1: Why your carry your eyes? Then we have shacker. Shacker
Speaker 1: has been bought by I think Rise, so put shocker
Speaker 1: there c h ak so this I don't say the
Speaker 1: ones shacker. How do you spell shacker? Who knows your chacker? Dogs?
Speaker 1: So I don't share this. This one's are the second registered.
Speaker 1: Once I know if I've missed anyone Perstan the DM added,
Speaker 1: so number one only goes through these sepects. That apps
Speaker 1: number two, my brother. Interest rates go are revolved and
Speaker 1: in what we call the m p R, m PR
Speaker 1: and monetary policy series is almost twenty five percent. So
Speaker 1: banks paying you five percent are cheating. You should put
Speaker 1: more in any bank paying you five percent, but you
Speaker 1: should not put on in the bank paying you one
Speaker 1: hundred percent, I'll be worried. So I would say, like
Speaker 1: I said, the father is paying you. You can get
Speaker 1: many guys that can pay you legally more than that
Speaker 1: we had. This guy is from most of your name.
Speaker 1: I do want the space pain almost percent. If you
Speaker 1: for the first time, let me get their name for you.
Speaker 1: Banking Bankly, I know if you are here. I shared
Speaker 1: Bankly a long time ago, were here they were as
Speaker 1: almost percent. So if you go go bankly, they are
Speaker 1: they're micro fenance bank right. They also have high interest.
Speaker 1: You can also go with them as well. So there
Speaker 1: lots of legal folks that can pay you more than
Speaker 1: that five percent. That that's why I would go to.
Speaker 1: But again remember this is savings is short term. I
Speaker 1: don't think to put money in the Civies account for
Speaker 1: a for a longer term because it's fixed income. It's
Speaker 1: not basic inflation. It's a short term exposure. Did you
Speaker 1: have a flow before on?
Speaker 3: I'm okay, I'm okay, you're good for sure?
Speaker 1: Perfect, sure, perfect, that's a mazing no Mas, what's up man.
Speaker 2: London clay As.
Speaker 3: It was system system?
Speaker 2: I wonder really wise, like Jordan and best reforms doesn't
Speaker 2: make sense.
Speaker 1: Simple outside is no is no. So so if you
Speaker 1: if you are in the West and you are not
Speaker 1: you're your student, or you don't have a job, get
Speaker 1: a credit card, not because you want to spend, but
Speaker 1: because you want to build your credit score. That's the
Speaker 1: only reason you should get a credit card. So I
Speaker 1: would get a credit card that gives me points. So
Speaker 1: for instance, if I spend the dollar, I get points.
Speaker 1: Either it can be cash or it can be mild.
Speaker 1: I would use that credit card, not my debit card.
Speaker 1: So I build up a lot of points and I
Speaker 1: use the point for free. But I'm only doing that
Speaker 1: because I want to build my credit history, not to
Speaker 1: take a credit to credit loan. Should never use a
Speaker 1: credit card to invest because what happens in the first
Speaker 1: of all credit cards and a stupid you will not
Speaker 1: see any investments in America that will pay you more
Speaker 1: than a credit card. No that will pay you. So
Speaker 1: you can't take credit card money and investigators that make
Speaker 1: more money. What people try to do is because credit
Speaker 1: cards don't charge you for the first thirty days, So
Speaker 1: people try to sneak and use the credit card, do
Speaker 1: business for thirty days and pay back without paying interest.
Speaker 1: But what if you feel, and you didn't have to
Speaker 1: pay interest, you've lost all your money because credit cards
Speaker 1: are the most expensive form of borrowing America, almost ten
Speaker 1: percent percent. So it's not a good idea. So if
Speaker 1: you're a younger guy, you're in school, you don't have
Speaker 1: the means to pay off your credit card every month.
Speaker 1: Get the credit card, but don't keep a balance on it.
Speaker 1: Get it for the points, get it for the credit history.
Speaker 1: Don't try to use a credit card to invest. That's
Speaker 1: a simple and amazing thank you about so much perfect.
Speaker 1: Let's getting trust in camp. Trust up, trust in camp.
Speaker 1: You are alive, but you're not speaking ahead, thinks that.
Speaker 1: Look mister Christ, mister Chris, how are you doing? So
Speaker 1: let's mister Chris go ahead.
Speaker 14: Yeah, I agree, I'm fine, Okay, I've been listening to you.
Speaker 14: This is my first science speaking on the space. I'm
Speaker 14: going to cross lood. So I don't really know what
Speaker 14: to do at this point. I already have a lot
Speaker 14: of stocks. I'm a business man. I have a business
Speaker 14: that I'm doing commonly in an area. There is a
Speaker 14: small business here. But this is fetching me a lot
Speaker 14: of money in sta So I mean you're planning to
Speaker 14: open another.
Speaker 1: Business, another kind of business.
Speaker 14: I'm that kind of business, of which I'm not even
Speaker 14: I don't really have any knowledge about it, but at
Speaker 14: least I have someone close to me who is going
Speaker 14: no money in the business. So I don't really know
Speaker 14: what to do, because you know, keep your money in
Speaker 14: the bank. I don't think it's addressable, but I really
Speaker 14: want I already need your advice.
Speaker 1: I can't give you advice on what to do with
Speaker 1: your money. It's not possible and social. I don't know you.
Speaker 1: I have a risk analysis on you. I can only
Speaker 1: do that. I can hold on a mine. I can
Speaker 1: only do that when I understand your objective is what
Speaker 1: you want to do. I can give you advice. I
Speaker 1: don't do that. You can send you a d M.
Speaker 1: I will charge you whatever. I can't tell you what
Speaker 1: to do your money. I'm not I can't give your advice,
Speaker 1: so you can't do that round. Yeah, perfectly, ad.
Speaker 3: I wanted to ask you something.
Speaker 1: I was thinking of starting a farm.
Speaker 2: Business by nesty or.
Speaker 23: Sellar is not up to the minimum, which and I
Speaker 23: don't know if there's a way I could go into.
Speaker 3: It and still go ahead with my own normal feeding
Speaker 3: and all this stuff like that.
Speaker 1: Do you think it's possible? How would you buy the fertilizer?
Speaker 1: I was thinking of.
Speaker 23: Joseph making use of manual. Mean's like this local fit from.
Speaker 1: She's from chick Let me, let me, let me just,
Speaker 1: let me just I don't want to be stand But
Speaker 1: if if you don't have capital, you can't go into business.
Speaker 1: It's not possible because your business its capital. So you can.
Speaker 1: You can start off a small guardian farm, you know,
Speaker 1: for yourself. But I don't see how you can do business.
Speaker 1: Family is a business, right. If you found chickens that
Speaker 1: you have the eggs, how will you get those eggs
Speaker 1: to market? You know? If you need that less of
Speaker 1: how you fund it. Perhaps you start up a small farm,
Speaker 1: then get family and friends to invest in. You get
Speaker 1: one small shop you can you can sell them to
Speaker 1: produce and say, okay, hey this small shop. If you
Speaker 1: guys pay me in advance, I can supply you with
Speaker 1: tomato things like that. That's how you want to start small?
Speaker 1: You know, what do you want to grow? Okay? So
Speaker 1: if you're gonna grow cassava, who are you where are
Speaker 1: you going to sell the cassava too? Do you have
Speaker 1: an off taker? It can be kind of now it
Speaker 1: can't have to be able to have write a business plan.
Speaker 1: I would say, if I have cassava, this is my
Speaker 1: off taker. Because your off taker is your revenue. Right,
Speaker 1: So if you don't have all these things, you've got
Speaker 1: to write it down on a business plan. Say if
Speaker 1: I'm going to found CASA, I will get to Sutons.
Speaker 1: I will sell to this person that out there is
Speaker 1: your main source of revenue. If you come to me
Speaker 1: and say, hey, Calu, I have an off taker, but
Speaker 1: it pays me after ninety days, but not need cash.
Speaker 1: Hey now we have a promo, can solve together. But
Speaker 1: you have to show you know, walk to show your workings.
Speaker 1: I'm doing this. I need to expand, but you do
Speaker 1: you understand where I'm coming from. You can't this a business.
Speaker 1: I would say start small, lend the ropes, go and
Speaker 1: work for someone and learn what they do, how they
Speaker 1: do and how they save money. Then come on, come on,
Speaker 1: do do it on your own plot. You do small,
Speaker 1: you will have a guy in the village in the
Speaker 1: town that has one hundred k is not using He
Speaker 1: gives you a hundred key invest in your farm. You
Speaker 1: give you back. You will tell his friend you'll give
Speaker 1: you on that home break, you invest in your farm,
Speaker 1: you give them back. That's how you do it. Family
Speaker 1: and friends. You can be talking about the business for now.
Speaker 1: Start small family and friends, grow your farm, get them
Speaker 1: off the start like that, have you. It has to
Speaker 1: be a process. You get what I'm saying. It has
Speaker 1: got to be a process. Yeah. And so also another
Speaker 1: question to ask you, I've been learned about.
Speaker 2: You in the for like a world.
Speaker 23: I don't have large capital and so I'm good at it.
Speaker 23: More I don't know, is it anyway I could use
Speaker 23: my skill to get phone for myself?
Speaker 1: Not really, I know, like how we started off this
Speaker 1: this space and also the other space of emphasized that
Speaker 1: investing is not the first or second thing that you do.
Speaker 1: If you write up a budget and your income cannot
Speaker 1: cover your your discussion expenses should not be investing. If
Speaker 1: you drop up a budget, the very very first thing
Speaker 1: you focus on is an emergency fund. We won't talk
Speaker 1: about buying insurance before you talk about the investing. You've
Speaker 1: got to sort of do those ones first. If you
Speaker 1: are single, you don't have dependence, you need insurance. But
Speaker 1: if you are single living in Nigeria. Your emergency fund
Speaker 1: is more important than even your investment account. There's no
Speaker 1: point by an investment that you're going to sell tomorrow
Speaker 1: to pay for diesel. So I would say focus on
Speaker 1: the on learning, build an emergency fund, growing your income.
Speaker 1: The most the most viable investments you can do right
Speaker 1: now side is you take your income and learn a
Speaker 1: skill and increase your income and buying stock. You are
Speaker 1: in stock, buy stocking yourself, go and lends on that
Speaker 1: that doubles your income. Let a skill that will double
Speaker 1: your income. Then that way is easier for you to
Speaker 1: invest right.
Speaker 3: Thank you.
Speaker 1: That is asking a question on dmnswer At what point
Speaker 1: can someone say they've invested in themselves enough and they
Speaker 1: have enough endenes to start investing in equities. I'm not
Speaker 1: sure what the question you're asking. Investing in equities is
Speaker 1: investing in yourself and so when you want to invest,
Speaker 1: you want to answer this question why am I investing?
Speaker 1: Usually the answer is that you want to invest to
Speaker 1: meet an objective. The easiest objective that you want to retire.
Speaker 1: If you want to retire, your objective then becomes you
Speaker 1: want to make passive income that can pay your expenses.
Speaker 1: When you invest in equities, you are taking your active
Speaker 1: income to do an investment that you hope would pay
Speaker 1: you passive income. Whether it's in a dispera or in Nigeria.
Speaker 1: Your objective is to convert active in come to passive income.
Speaker 1: Look at the list of the richards men in the world.
Speaker 1: All of them make money from passive income. From Eland
Speaker 1: Musque to the guys are on Google to Bill Gates,
Speaker 1: they all make money from passive income, not from active income.
Speaker 1: Bill Gates does not go to any office to walk
Speaker 1: to get paid. Eland must not go to any office
Speaker 1: to work to get paid. They're making that money from
Speaker 1: equity holdings passive income, so that you should copy them.
Speaker 1: So that's your objective. Convert to your active income, whether
Speaker 1: in Nigeria or America, to passive income. Then a passive
Speaker 1: income then pays you whenever your passive income can pay
Speaker 1: your expenses. That's when you have arrived. Right, let's get
Speaker 1: future roller, future native professor, how you future native roler
Speaker 1: highs words and can go ahead? Okay, so thank you
Speaker 1: for the opportunity to come up here. Quick question here,
Speaker 1: I want to ask, amongst the top us company's stocks,
Speaker 1: which I would you advise to buy.
Speaker 3: And keep on a long run.
Speaker 1: Why am I asking this?
Speaker 2: Is this?
Speaker 1: I bought Nvidia this year for I bought it like
Speaker 1: august Os for like four hundred dollars, which is.
Speaker 3: Like about six hundred or sixty two kers at the time.
Speaker 24: Someone advice that actually does by the hospitals and Strop
Speaker 24: is coming in February whichever next year, and I bought it,
Speaker 24: but I've lost like forty two dollars already on it.
Speaker 3: So I have about like three seventy something or.
Speaker 1: Three sixty something or their only platform, and I'll be
Speaker 1: following like trains on one app like that. And I'm
Speaker 1: saying that is a Testler that is kind of gaining
Speaker 1: momentum now and their decrees have not really like being more.
Speaker 1: So I'm looking at either convert my envydea and add
Speaker 1: more money to buy like one million Testler and see
Speaker 1: if I can hold for a year. But I don't
Speaker 1: want in situation where I'll buy another one and I'll
Speaker 1: just continue your mom, you know what we want? You
Speaker 1: know what? I like your question because because it allows
Speaker 1: you to then talk about what you're doing wrong. Sorry,
Speaker 1: I don't to you, what are you doing wrong? You
Speaker 1: are turning. You are buying an investment that you should
Speaker 1: hold and forget about for the next two three years.
Speaker 1: You are buying it to sell to trade. You are
Speaker 1: making more money for your stockbroker than for yourself. When
Speaker 1: you buy stocks, your media you're holding Peers should be
Speaker 1: indefinite or maybe two or five years. And Nvidia was
Speaker 1: up and down, up and down, up and down. But
Speaker 1: I challenge you go back ten years and plot your graph.
Speaker 1: It's in Vidia up or down. It's up. If you
Speaker 1: sell today and buy test line it, you know invest
Speaker 1: It's like you know how legals ghost noise. You know
Speaker 1: how legals ghost noise. You are on one lane, the
Speaker 1: linit on your right hand side starts to move, so
Speaker 1: you leave your lane and go to that left hands.
Speaker 1: So as leave your lay, your list has to move.
Speaker 1: Then you want to rush back to your lane. All
Speaker 1: that going back and forth, you're wasting fuel. But if
Speaker 1: you stay on Tendmi language, it's no how you won't
Speaker 1: get up the Tamil language. All the cast will just
Speaker 1: keep on moving forward. The point I make is that
Speaker 1: binancet binance is treading, is churning. You are paying brockage fees.
Speaker 1: I only make you're not getting the advantage of equities,
Speaker 1: the advantage of equities that you can buy, hold and compound.
Speaker 1: If you can't stay in the EXTRAUS market, then don't
Speaker 1: don't go in there. I don't go in there to
Speaker 1: buy in VideA. You if you want to buy a company,
Speaker 1: only two things matter to you. Is this company going
Speaker 1: to be around for the next ten years? I would
Speaker 1: make a profit for me. Do you believe in Nvidia
Speaker 1: will go away in ten years? That's the question. If
Speaker 1: the answer is it will not go away, then why
Speaker 1: are you selling? Maybe with your money there? Why are
Speaker 1: you selling it? If you think Tesla will not go
Speaker 1: in ten years? Okay, get me money and buy Tesla.
Speaker 1: But when you buy, when you buy sell, buy self,
Speaker 1: you are making a loss because you are paying commission
Speaker 1: fees from your principal. So it goes back to your
Speaker 1: first question, which company should you buy? Why not buy
Speaker 1: all of them? Why not buy the index? If you
Speaker 1: buy the index, you're going to buy Nvidia, test Man
Speaker 1: or them altogether at once because you don't have the
Speaker 1: money to trade. But if you want to buy the
Speaker 1: video dog, he has to go back to why are
Speaker 1: you investing? If you're a trader, no problem. You can
Speaker 1: do this buying and selling, but you need capital to trade.
Speaker 1: Don the trader then just stay locked into the market,
Speaker 1: or buy the ETA that was finer. It's the long
Speaker 1: term truck. Can you get where I'm coming from? I
Speaker 1: think you're doing. I get you where you're coming from.
Speaker 3: I'm not a trader.
Speaker 1: I just buy and leave it there. But I'm asking
Speaker 1: is this now? I have another money to buy and
Speaker 1: I'm losing money on very day? So when did you
Speaker 1: When did you buy in Vidia? When did you buy it?
Speaker 1: I want the Vida in August? That's just yesterday. Bro
Speaker 1: Boffett has bought shares for forty years. Yes, and so
Speaker 1: you bought in augustly getting worried. So the markets is
Speaker 1: not for a short term, right, What did you hold
Speaker 1: for a year. I'm not telling you what I's good,
Speaker 1: but I'm saying it's not a market where you're buying August. Answer.
Speaker 1: You just said a trader. So the question for you
Speaker 1: is this, do you know the price dings ratio for
Speaker 1: the Vidia? Do you know? Do you know what that
Speaker 1: number is? I'm just I've been reading, but I don't. Okay,
Speaker 1: So you need to have data to back up your
Speaker 1: your condition. If you want to sell, why you're selling
Speaker 1: when in video sales for in the next quarter. I'm
Speaker 1: not even saying okay, so I mean, I'm not saying
Speaker 1: you should hold bios. I'm saying you want to have
Speaker 1: a reason, if on the entary reason to sell over
Speaker 1: by the best predictor of the stock price is future endings.
Speaker 1: So the question you want to ask is do you
Speaker 1: think in video's future and it's gonna go up or down,
Speaker 1: it's gonna go up, Why are you selling it's gonna
Speaker 1: go down? Okay, So you want to take long term
Speaker 1: if if you want to short term fixed income, let
Speaker 1: me get sorry about shirt rag shtrack's shirt rack shirt Drag. Okay,
Speaker 1: oh bd o bd please high.
Speaker 3: Yes sounding word, thank you, thank you for the opportunity. Yeah. Well,
Speaker 3: not to take your time, because.
Speaker 9: I think one of the things that I wanted to
Speaker 9: ask you already answered when you responded to someone you know,
Speaker 9: I was going to I've been following you for a
Speaker 9: very long time point your book.
Speaker 3: I've read through that book, you know, but I still wanted.
Speaker 1: To you know, Okay, chapter.
Speaker 6: Now, okay, so.
Speaker 9: Where you talked about equities, you know that chapter where
Speaker 9: you talked about ecuities and stocks, that was where you know,
Speaker 9: I concentrated a lot more. But other than that, the
Speaker 9: other places, you know, you made some really good points as.
Speaker 3: Well, you know.
Speaker 9: And I think one of the things the last questioning
Speaker 9: you just answered. I was listening to you as I
Speaker 9: and I'm remembering you know, the place where you really
Speaker 9: take time and detailed disual prize, any ratios you know
Speaker 9: on stocks and how to hold what you need to. Yeah,
Speaker 9: So I think for me, I wanted to ask you
Speaker 9: someone wanted to coss up with you. How do we
Speaker 9: go about?
Speaker 1: Easy to send your emails? Send you send me a DM.
Speaker 1: I was just for free unless it's a big yeah. Sure,
Speaker 1: And I have guys that I work with. I can
Speaker 1: send to them, but they're send me something more complicated.
Speaker 3: That's fine, all right, all right, Yeah, thank you very much.
Speaker 1: Welcome, Thanks, thanks for buying the book. Appreciated. Let's get
Speaker 1: to man more score man.
Speaker 3: Hello, and actually this is my first time on your
Speaker 3: space following. Yeah, but I've been following you on.
Speaker 13: Twitter for some time.
Speaker 1: Appreciate and I really enjoy what you do.
Speaker 25: So my question is, but I think you already answered
Speaker 25: it when while you were asking the other guys question,
Speaker 25: Because during my initial stages of investing in stocks, I
Speaker 25: really experienced towards the previous speaker.
Speaker 3: Experience whether I was holding some companies for like, you know,
Speaker 3: a period of time likes is a year, and at
Speaker 3: the end of the day, I see.
Speaker 26: That I'm down by at least thirty percent and all that,
Speaker 26: And so my question is, so you've already answered, but it's.
Speaker 27: Still saying, is it better investing.
Speaker 3: In individual stocks or we should just go.
Speaker 2: For the ETFs?
Speaker 3: Like which one do you think is safer and gives
Speaker 3: lower return?
Speaker 26: Sorry sorry, lower risk and at least reasonable return without
Speaker 26: risking a lots while investing in them.
Speaker 2: Is the individual stocks or the ETFs?
Speaker 1: So all things being equal, because the ets are a
Speaker 1: basket of securities, there's more diversification. Look at it this way.
Speaker 1: If I buy ten strikers and I buy one striker,
Speaker 1: where is my risk spread out more? Out of the ten,
Speaker 1: I might have eight flops, but one would be Chef Sheenko.
Speaker 1: So I've made my you know, I'm okay with that.
Speaker 1: But if I buy one striker and that striker flops
Speaker 1: is gone. So it's just that way. An ETF is
Speaker 1: a basket of securities. So because of that, it is
Speaker 1: more specified than just buying the individual stock. That's how
Speaker 1: we always go for index etears or mutual phones because
Speaker 1: it dies as a fire. The cheaper price for you.
Speaker 1: That's the first answer, right, But I can remember the
Speaker 1: altimate answer is why are you buying? If I work
Speaker 1: in company A and I see that company is just
Speaker 1: making so much money, or I see down in Legos
Speaker 1: and I see a particular let me say, let me
Speaker 1: look for something like this. I see maybe tomato juice
Speaker 1: coming to Nigeria, and everybody is buying tomato juice. People
Speaker 1: are buying it left, right and center. I find out
Speaker 1: that the tomato juice is being made by the company
Speaker 1: in Ubi, also in Bousted from the tomato vegetos in Baudery.
Speaker 1: I find that the company making tomato juice. What would
Speaker 1: I do. I want to buy that stock because I
Speaker 1: know that that comes going to make a lot of
Speaker 1: money because people are buying that stock in labels. So
Speaker 1: if I have information, I can buy it because we
Speaker 1: just talk directly. But if I want to invest the
Speaker 1: cheaper way in the way, of course, I'll go with
Speaker 1: the eat right, that's basically how I'll do it.
Speaker 3: Sense, Yeah, thank you very much for that.
Speaker 28: Sorry, I still have another question now, and it's between
Speaker 28: the US stock markets and the Nigerian stock market. Okay,
Speaker 28: because recently, right now, I see that it seems like
Speaker 28: Nigeria's stock market is really doing really really good, and like,
Speaker 28: for example, I see something like transport transport going off
Speaker 28: about plus six hundred this sear from February.
Speaker 3: So would you think, between the US stock.
Speaker 26: Market and the Nigeria stock market right now, which do
Speaker 26: you think is actually like more profitable right now?
Speaker 2: What?
Speaker 1: The answer is already out there for US if you
Speaker 1: look at the past ten years, the US stock market
Speaker 1: has returned more in terms of return on the total
Speaker 1: stock market in the if you're measuring the ETFs, the
Speaker 1: US market over the last ten years has had the
Speaker 1: highest return across the world if you're comparing with US equity,
Speaker 1: So within Japanese equities, American UK properties, Colombian anything you
Speaker 1: want to compare with, the American stock market have been
Speaker 1: the best performer over a ten year period. So really
Speaker 1: it goes down to you this as two different markets.
Speaker 1: If you are buying the US market, you are exposing
Speaker 1: yourself to dollar returns. If you buy Nigeria Nira returns
Speaker 1: to the US economy nagen economy is your call. Where
Speaker 1: do you want to be exposed to? Do you want
Speaker 1: to be exposed to both? Fine, then you do an
Speaker 1: allocation that's to be eighty twenty or forty sixty, whatever
Speaker 1: I want to do. There is no best in investment everybay,
Speaker 1: that's even over and over, there's no best in investment.
Speaker 1: It's you have to invest according to what suits or
Speaker 1: fit your profile. If you are thinking of moving to America,
Speaker 1: of course I want to get exposed to America. If
Speaker 1: you are in Nigerian and America, I think of coming
Speaker 1: back to Nigeria in say twenty years. Of course you
Speaker 1: want to invest Nagian equitis. This has to be based
Speaker 1: on your objectives. But in terms of the actual numbers,
Speaker 1: what the numbers tell us today? The US market has
Speaker 1: beaten the Nigerian market and every other market over the
Speaker 1: last ten years. Thank you very much for that. Thank you.
Speaker 1: Let's get nerdy is nerdy z nerd on us call Zenal?
Speaker 2: Yeah, all right, thank you?
Speaker 1: Watch you can watch you the Yeah, yeah, So Elliott.
Speaker 8: Is this year around April right, I think about on
Speaker 8: wrecking now right, So I just felt like, OK, let
Speaker 8: me get a stock. So I worked in Tesla, and
Speaker 8: you have to be honest, I mean about right now,
Speaker 8: maybe about one hundred and fifty percent returns. So at
Speaker 8: some point I just felt like I did my come
Speaker 8: to group and I was just because like I've always
Speaker 8: tressed to rebuild my imagincy phone.
Speaker 3: Right now I think maybe I have a few I
Speaker 3: can I want to do this year.
Speaker 8: What I feel like Esla has gone parabolic and maybe
Speaker 8: just the way for the next talk speed. But I
Speaker 8: think I've been looking up on to computer stock, maybe
Speaker 8: stuck around AI. So I just wanted to get what
Speaker 8: do you think about everything? You think I here to
Speaker 8: stay going to computing stock and AI as well.
Speaker 2: Just wanted to get your.
Speaker 3: Take on that may really a little little things I
Speaker 3: can put it a maybe put yeah.
Speaker 1: Man, So you know this, I think when I is
Speaker 1: the first chance in AI. I just said, it's all
Speaker 1: these type people doing doing their thing. It's just a
Speaker 1: new fad. I'm just telling you something, right, AI is
Speaker 1: going to recognize the entire world. I haven't seen anything
Speaker 1: that's going to change the world the way AI is
Speaker 1: going to change the world. You know, and when you
Speaker 1: hear AI, you think it's some esoteric thing that man.
Speaker 1: Let me make a point of using myself. You know,
Speaker 1: I write, I write, so I write. It took me
Speaker 1: almost three or four years to write the book. Do
Speaker 1: you know there are apps that AI that you can take.
Speaker 1: You can tell the app the name of my book.
Speaker 1: And they had to write that same book, but just
Speaker 1: change the name from Carlo to Kenny. Is to do
Speaker 1: it in five minutes, the entire book. So imagine if
Speaker 1: you're a company, you do accounting. I know I know
Speaker 1: a lady in the US she does auditing for medical
Speaker 1: So when you when you go to the hospital, you
Speaker 1: send they send it your bill. She would look at
Speaker 1: the bill and say, this is this is really not real?
Speaker 1: Things like that. She went to AI. She works for
Speaker 1: a company. She went to the AI and wrote an
Speaker 1: AI program. So when the company gives her the job,
Speaker 1: it only takes two three days. She takes two three
Speaker 1: days to do the badge and sent back. She feeds
Speaker 1: the job to the AI. The AI does that job
Speaker 1: in five minutes five minutes, so she has three days
Speaker 1: to do any other job she wants. She does it.
Speaker 1: That's what her literally real life story. So imagine if
Speaker 1: that company finds that as an AI that can do
Speaker 1: the job they are giving to this girl to do
Speaker 1: what because I'm going to fire her. What happens that
Speaker 1: that comy gets more profitable because it would need that
Speaker 1: girl to do that job for them. So productivity is
Speaker 1: going to go up. Companies are going to make more
Speaker 1: money because of AI. Really, it's you know, it's it's
Speaker 1: you can't even there are banks now in Japan. I
Speaker 1: hear that when you apply for a loan. You know,
Speaker 1: when you're applying for a loan and bank look at
Speaker 1: your credits, call your debt to income, maybe your US bill.
Speaker 1: These guys use almost six hundred metrics to see if
Speaker 1: you're a good lender. They use things like it's your
Speaker 1: phone always constantly. The big that your phone is constantly,
Speaker 1: you're a better investor because living your phone fully charged.
Speaker 1: Are more careful and they're better investors. But no human
Speaker 1: being can attractice. So the AI in five seconds can
Speaker 1: scand on six hundred metrics about you and say yes
Speaker 1: or no to another application and tell the guys that
Speaker 1: don't that don't feel like you couldn't get loans to
Speaker 1: just drop them. So imagine a bank today that is
Speaker 1: hiring workers in loan department and risk management's going to
Speaker 1: replace all that from in how you drive your car,
Speaker 1: the AI can tell if you can pay your loans.
Speaker 1: It's not it's not science fiction, real life. So what
Speaker 1: will happen to many industries? That many just are going
Speaker 1: to change and you're going to find the winners. You're
Speaker 1: gonna find a bank will start off today and become
Speaker 1: bigger than the banks you see today using AI. What's
Speaker 1: a bank? A bank takes deposits and lends out. But
Speaker 1: a bank needs to know how much deposit he needs
Speaker 1: before you can let that up?
Speaker 5: Right?
Speaker 1: What if I have an ear that tells me only
Speaker 1: take the posits based on loans I want to make
Speaker 1: it they are only to be as big as any
Speaker 1: bank today. I can be at one hundred million dollars
Speaker 1: and make more money than you because my ear is
Speaker 1: telling me, no, just have this capital and lend to
Speaker 1: this person you care. We coming, I'm going to know you.
Speaker 1: So AI is really going to revolutionalize and change what
Speaker 1: we know today. Use that's why you see that all
Speaker 1: I hear that Elon Musk bought Twitter to train his air.
Speaker 1: The whole reason why he bought Twitter, what's train his
Speaker 1: you know what? He was an investor in in some
Speaker 1: outans church, gipating and what's nonprofit? Then he left.
Speaker 3: You know.
Speaker 1: That's so every company from Google to Microsoft in AI.
Speaker 1: That's why Nvidia is blowing up because they are the building.
Speaker 1: The chips are going to power all this whole new
Speaker 1: thinking companies. You know, so they are good users, they
Speaker 1: are bad users.
Speaker 2: You can do.
Speaker 1: It's gonna change everything. So that means that any company
Speaker 1: that is exposed to as a winner, the question is
Speaker 1: matter is what we mean by exposed. If I'm an
Speaker 1: NVLLA that makes the chips that go to the AI is, oh,
Speaker 1: I'm fully exposed. If I'm the caterer that sells launch
Speaker 1: to the company making the chips, oh, I'm gonna make
Speaker 1: a lot of money. See what I'm going to do.
Speaker 1: So the trick for you as an investor is to
Speaker 1: try to draw your circles. Everybody knows Nvidia, but who
Speaker 1: supplies in the year bottled water for their staff, Who
Speaker 1: supplies in VideA the chips that they used to make
Speaker 1: the chips to make their chips? Who is in that
Speaker 1: value chain. If you can find the tail foot guys
Speaker 1: that are making the things that the guys make to
Speaker 1: make the things that the guys make to supply on VideA,
Speaker 1: that's your money guy right there, because they are so
Speaker 1: far off that nobody knows them. You see when you
Speaker 1: see a finished company Microsoft, you see them an iPhone
Speaker 1: and iPhone has many suppliers. You can buy Apple or
Speaker 1: you can buy the supplier that makes it. The splace
Speaker 1: that are going to Apple, and that's the planets are
Speaker 1: going to. Apple is going to be cheap and who
Speaker 1: I know that guy. So for the investor, you've got
Speaker 1: to find those those guys in the that are in
Speaker 1: this AI speed because they are cheaper. They are mostly
Speaker 1: small companies that are training out of the n y
Speaker 1: S or smaller cap company small caps. I want to
Speaker 1: invest in them. That's basically your that's your money. Roos
Speaker 1: right there in Vida is is done. What I mean
Speaker 1: is done. You're gonna make money from the media, but
Speaker 1: you're gonna buy at the top ten dollars a pop.
Speaker 1: You see the point testla ist gone. You're gonna make
Speaker 1: money from testla but I'm gonna buy that's five hundred
Speaker 1: the pop. So you want to find the guys supplying
Speaker 1: the break path of TESTLA. That's why you want to
Speaker 1: invest them because nobody knows them, so you get them
Speaker 1: earlier and you ride that wave. But anything AI, anything,
Speaker 1: and it's a quantum computing you see. Right now America
Speaker 1: is restarting nuclear plants, small nuclear plant to power quantum computing.
Speaker 1: So there's a week company New York being started and
Speaker 1: all that. So quantum computing now is anything that is
Speaker 1: that's that's the winner for you. Quantum computed nuclear power AI.
Speaker 1: Anything that's gonna power this new economy. You want to
Speaker 1: be there. That's essentially wow, thank you, you want that.
Speaker 1: So last day someone came up.
Speaker 8: I was thinking about the real for homes right forgment
Speaker 8: or giving our money. So I went off and at
Speaker 8: the time, maybe as a younger person, it's really difficult
Speaker 8: to really think about building the house gets in the
Speaker 8: land and all that side of it could be with options.
Speaker 1: So I checked.
Speaker 8: I checked the occasions so Nallionaire for their room in
Speaker 8: natural also, so I was considerable, and I was thinking,
Speaker 8: sometimes fragments project can be so misty, right, you just
Speaker 8: have to keep doing so rebaulting again in that maybe house,
Speaker 8: he just gets a more mortgage for what I just
Speaker 8: wanted to I know you said you're going to bring
Speaker 8: them up or something I just wanted to be for
Speaker 8: a young person. Is something wise and maybe I think
Speaker 8: logical to go into getting mortgage.
Speaker 1: Yeah, I mean, I like, so listen, all this philogomen
Speaker 1: is the risk you take it, right, but the reward
Speaker 1: is worth the risk. Yeah, asking you that because remember
Speaker 1: they are politicians, so they want to show success. Yeah,
Speaker 1: asking you to be five million and get the house,
Speaker 1: I will do it. If I was in Nigeria and
Speaker 1: I was young like you, I would do it without
Speaker 1: thinking what would I lose five million? What if I gain?
Speaker 1: I get a tribute to the flat if we need.
Speaker 1: They don't build that tribunal flat. They give me the house,
Speaker 1: just the land. And this cacast is still wortered because
Speaker 1: if I had to go do that myself out to
Speaker 1: buy the land, get the paperwork, get the cement and build,
Speaker 1: that's fine. I'll still take it. So I would say,
Speaker 1: if you're young or you have the connections and you
Speaker 1: can get that and we need to hope, go and
Speaker 1: get it. You know what I don't do is still
Speaker 1: good to moon. If they come here and if you
Speaker 1: know them, anyone that knows them and they want to
Speaker 1: bring them here to talk, please invite them to come.
Speaker 1: I will give them the exposure. We will talk about it.
Speaker 1: I will Buying the mortgage or buying a house Niger,
Speaker 1: it's one good investment because of course it's gonna be
Speaker 1: inflation for you. If you're going to live in that,
Speaker 1: You're not worried about inflation because it's your cash that
Speaker 1: you're paid in rent, right, so you know, worried about
Speaker 1: the inflation are gonna bay after that can rise. So
Speaker 1: buying your primary residence in Nigeria is to me one
Speaker 1: of the best investment you can do with your cash
Speaker 1: right now right, So I would say, if you have
Speaker 1: the means, get it. If you get it, don't think
Speaker 1: about it. So what can go wrong? They give you
Speaker 1: a cas for five minute and I think the abuild
Speaker 1: it to your taste. So that's what I would say.
Speaker 2: Yeah, thank you someone, I'm grateful.
Speaker 1: Welcome, no worries. Let's get Ernie name Ernie on the cyber.
Speaker 6: Good.
Speaker 17: How are you.
Speaker 1: All right? Thank you for the opportunity. Mister.
Speaker 29: Can I have two questions Number one. In two thousand
Speaker 29: and eight, I bought some shares that is the name
Speaker 29: Insurance and First Inland.
Speaker 16: At the time when I was telling Nigeria, they were
Speaker 16: giving me some dividends bogs for a long time.
Speaker 3: I don't know anything about the share again, but I.
Speaker 2: Still have my c S c S number and some
Speaker 2: of the information regarding.
Speaker 3: The shares, So I don't know how.
Speaker 16: To go about it to you know, recite information about
Speaker 16: the shaar and maybe probably speak to a broker, but
Speaker 16: I don't have any information of the broker.
Speaker 3: I used them too, you know, purchase the share.
Speaker 16: That's number one. I don't know the advice you're going
Speaker 16: to give you your NA. Then the second question is
Speaker 16: I live in the US, and here in the US,
Speaker 16: companies have like a four one K retirement savings for
Speaker 16: their employees. And since I started working with my company,
Speaker 16: the Nigelia and me have not allowed me to actually
Speaker 16: invest with four okay, because even though I understand how
Speaker 16: I to operate another thing. Personally, I decide to save
Speaker 16: my money with.
Speaker 2: Banks that I have that have like a huge percentage
Speaker 2: of AP you are a API.
Speaker 16: That way I know I have access to my fund
Speaker 16: and also I know I can't take it any time
Speaker 16: I want.
Speaker 1: And I also know that I'm receiving some.
Speaker 16: Benefits from it, like interest every month or something like
Speaker 16: I do think I'm doing the wrong thing?
Speaker 1: Or do you think I'm not.
Speaker 3: Going the right way?
Speaker 1: Thank you? Yeah?
Speaker 2: Bro?
Speaker 1: Yeah, Bro, you're breaking my heart. You're just doing my
Speaker 1: space the best time of my space. First time here.
Speaker 16: No, actually, I've been following you and sometimes I joined
Speaker 16: your space, but I have this my first time I speaking.
Speaker 1: And we'll talk about for any I think I don't
Speaker 1: know how times I've said about a four one K,
Speaker 1: I've set it over and over right. If if for
Speaker 1: one K is what we call a qualified savings you're
Speaker 1: in America qualified savings account, which means any dollar you're
Speaker 1: putting there is protected from taxes if you put If
Speaker 1: you put a dollar in the bank, the bank will
Speaker 1: charge you interest. You pay to the IRS taxes on interest,
Speaker 1: and that's what your ten ninety nine is. So every year,
Speaker 1: of course, your bank gives you a ten ninety nine,
Speaker 1: which means you're paying taxes on the money you have
Speaker 1: in the bank. But in your four oh one K,
Speaker 1: you do not pay tax on the growth of those assets.
Speaker 1: So once your bank. You work for a company is
Speaker 1: in my book. I've said it here. You want to
Speaker 1: do your four oh one ky it before you even invest,
Speaker 1: because you want to take an advantage of the one
Speaker 1: of the salary increase, number two of the match number
Speaker 1: three of the tax benefits. So if your company does
Speaker 1: a fot ah one kid, it's your money. They can't
Speaker 1: do anything with the money. They can't touch it again.
Speaker 1: All you have to do is to make sure that
Speaker 1: you don't buy your company share so you die as
Speaker 1: a fire. You can do that if your company is
Speaker 1: giving you a full one key, find out on Monday
Speaker 1: SAP what the match is, what the bat that match is.
Speaker 1: You must look at my world m USD. You must
Speaker 1: do it and match minimum match when you put in
Speaker 1: your full one k. America loves you to say where
Speaker 1: you want a four one kid to go. You can
Speaker 1: see they're fall one kid and buy the same bank
Speaker 1: things that you're buying. You can tell the four one
Speaker 1: ky to buy your CD, but you don't pay tax
Speaker 1: on the growth of the city. But it's in a
Speaker 1: full one kid, so you can do exactly what you
Speaker 1: are doing, but doing it a tax qualified account. You
Speaker 1: don't pay taxes. Your largest experts in America, as you know,
Speaker 1: is your taxes. You can't avoid it, but you canna.
Speaker 1: You can't defer it with a full one K. So
Speaker 1: make sure some on money that you ask your hr
Speaker 1: preson what's the match, and then you sign up for
Speaker 1: your phone monkey and you do minimum that match. No
Speaker 1: arguments any good to me. That's number. So just go
Speaker 1: do it and also a part of your phone key
Speaker 1: also write this down. An IRA an individual retirement account.
Speaker 1: There are two types. There's a traditional there's the wrath ALCOH.
Speaker 1: I don't know how much you earn. If you end
Speaker 1: too much money, America will not let you do in
Speaker 1: a roth IRA. But you also want to do an IRA.
Speaker 1: IRA simply means an individual for a one key sort
Speaker 1: of so you also put money there. It also grows
Speaker 1: taxi thread. You are not taxed till you take it out.
Speaker 1: So you also want to do an IRA. Why if
Speaker 1: you earn ten thousand and you invest one thousand in
Speaker 1: your traditional IRA, according to the IRS, you only earn
Speaker 1: nine thousand, so you only pay taxes on nine thousand.
Speaker 1: So what you can do is this April fifteen, you
Speaker 1: have to pay taxes are bait when you do do
Speaker 1: I know who does your taxes for you? When you
Speaker 1: do your taxes and the government says earning your's two
Speaker 1: thousand dollars, why pay the government two dollars when you
Speaker 1: can write yourself with check and pay to your traditional
Speaker 1: era or the same two thousand. It's in your name,
Speaker 1: it's been invested for you. They're not paying taxes. You
Speaker 1: have still paid that tax, but now you're put in
Speaker 1: your ira. So Earnie, you do your phone one kid
Speaker 1: and you do an ira. Talk to your adviser and
Speaker 1: see who juge i ira, the ross ira or tradtional
Speaker 1: ira put your four one kid and what you're doing
Speaker 1: on Monday. Right, Yes, let's let's get to your second question.
Speaker 1: Just if you're in Nigeria or you have every Nigeria,
Speaker 1: just go to d Just show up them, find out
Speaker 1: who it is online. Just go there yourself. Take to
Speaker 1: forms of id to, will print out all your dibidats,
Speaker 1: will print out all your bonds. I give you very
Speaker 1: very simplest. Also relist with them for what they called
Speaker 1: e diibidends. Why you haven't because they're now doing the dividends.
Speaker 1: So if you have a bank in Nigeria. Just do
Speaker 1: idibidence so going for just pay your dividends electronically from
Speaker 1: the which is trustrating your back so you can you
Speaker 1: can talk to your broker and and I just do
Speaker 1: it for you. Don't charge you, say he investigator, collect
Speaker 1: my shares. Don't do it for you. They will charge
Speaker 1: you all that So is that you do with your
Speaker 1: broker or when you're an enjoy you go yourself and
Speaker 1: do it easy, easy stuff.
Speaker 5: Yeah, okay, thank you so much, perfect perfect, let's get
Speaker 5: it's a great Outfred of it, great outfit, great outfit
Speaker 5: going once, great Outfred going twice?
Speaker 1: One?
Speaker 16: What's up?
Speaker 5: One?
Speaker 1: R one four, three, five five? What's wonner? Going once?
Speaker 1: Come on there you guys. You want to speak, be
Speaker 1: around right, h background noise, Alfred background, what's up? H Hello, Horry,
Speaker 1: go ahead, go ahead, horry porryte okay, ah, thank you.
Speaker 4: Yeah my.
Speaker 1: Plan lad, I'm so sorry I can't hear him. Save
Speaker 1: you a deal. You have tons of background noise, so
Speaker 1: save you a DM, right, save you a DM. Okay,
Speaker 1: let's get the profitable man.
Speaker 30: Okay, thank you so much for the importable to be here.
Speaker 30: I leave follower of yours off your post, and I've
Speaker 30: been following for so long. So my question is that
Speaker 30: I've been interesting for so long. I'm still younger and in.
Speaker 2: Gr students, so I've been interesting into.
Speaker 30: It mutual format FGM bound both US and GM markets,
Speaker 30: and I also have community of a more thousand students
Speaker 30: and teaching about stock markets and investments generally.
Speaker 31: So my question is that.
Speaker 30: Every time I invest my money, I mean, i'man kind
Speaker 30: of a valuing in Frester that I invest for a
Speaker 30: very long time. But it is sometimes, you know, major
Speaker 30: stock market is like it's like a psychlic. I don't
Speaker 30: know how to call it, like it's a circle market circle.
Speaker 30: There are times that I made probably for maybe five
Speaker 30: hundred percent profits like ORANDU and make over one hundred percent.
Speaker 2: Profits like out there and transcovers my problems.
Speaker 30: I don't know where to take profits, like, I don't know, okay,
Speaker 30: this is the right time to take profit out of
Speaker 30: the market and then put it in another market. So
Speaker 30: I don't know if you have any advice for me
Speaker 30: when to take profit and then you know, to before
Speaker 30: he markets done over again.
Speaker 1: So so so just to be clear, you are trading,
Speaker 1: You're you are trading, right.
Speaker 3: I'm not trading.
Speaker 2: I'm in festal, I'm not trading.
Speaker 1: So you're a long term guy, yes, yes, So what
Speaker 1: are you selling?
Speaker 5: You know?
Speaker 1: You know you know you can't, I can't just know.
Speaker 2: What I'm thinking is that it can just be dedfuever.
Speaker 1: Why not?
Speaker 2: Why not?
Speaker 1: Find not?
Speaker 2: I think it's good to eat the fruit of your
Speaker 2: livers of times.
Speaker 1: What you said, you said you're a long tail investor, Yes, yes,
Speaker 1: I mean so. The point is that if it's making
Speaker 1: money for you, what are you selling it? If drug
Speaker 1: by scoring goals, what are you selling him? M I
Speaker 1: don't get So let's answer your question. You you you,
Speaker 1: you determine the point. You can say, for instance, if
Speaker 1: I do percent, I want to sell, you can say that, right,
Speaker 1: it's your call. You can say if my stock's three
Speaker 1: twenty five percent return on capital, I would sell. You
Speaker 1: can decide that I don't think the good strategy for you.
Speaker 1: I think equities make more money for you when you
Speaker 1: allow them to compound. You reinvested ditas because you are
Speaker 1: in long term investor. That's what I think. But if
Speaker 1: you want to sell, the mini criter for selling, you
Speaker 1: can say, okay, my return is x once it is X,
Speaker 1: I will get out. But the question becomes, you get
Speaker 1: out and do what you know, get out and buy what.
Speaker 1: That's the question now for you, right if you, if
Speaker 1: you sell, and if you are sold in Vidia at
Speaker 1: one hundred dollars, and then buy what. Now you've lost
Speaker 1: the Vidio was a good stock, you saw one hundred dollars,
Speaker 1: You've made a lot of profit. Then buy what what
Speaker 1: you have brought to them because in Vidia. So that's
Speaker 1: you know, That's what I will say. You can say
Speaker 1: thirty five, you can say fifty. Whatever you put there.
Speaker 1: If that's your call as well as you that's your strategy.
Speaker 1: It's not a bad strategy. But I will say overall
Speaker 1: or long term. If I'm an investor, why am I selling?
Speaker 1: If I buy a good company at a good practic,
Speaker 1: If I buy Messy when MESSI is twelve years old,
Speaker 1: why am I selling him? Why? I can eat the
Speaker 1: foot up a little by selling message to Chelsea, But
Speaker 1: why am I selling him? What doesn't make it? If
Speaker 1: I don't sell Messy, I won't die? So why am
Speaker 1: I selling him? Is a good guy? Why selling is
Speaker 1: the point I'm making?
Speaker 2: Yes, I'm getting you, sir, all right?
Speaker 1: Do you have a full up question?
Speaker 6: Sir?
Speaker 2: Okay, thank you sir.
Speaker 30: Another person I want to ask is that the Nadia
Speaker 30: stock market, Like what do you see in the future
Speaker 30: of Nadia stock market? Because I see some people are
Speaker 30: discussing about like the devaluation of theres going to a
Speaker 30: fetish stock market, like when people putting their money in
Speaker 30: the stock market, Like in the long grown, when we
Speaker 30: are selling, our selling give value devalue, there will be
Speaker 30: really much profit and the money wanted really have good
Speaker 30: value before then.
Speaker 2: So what do you think about that?
Speaker 1: What does evaluation mean? What devolution means? It means that
Speaker 1: the exchange I hear you. So I'm just so if
Speaker 1: you the value means that one there I will now
Speaker 1: sort of blues value to a dollar big so it affects.
Speaker 1: Then then idea economy because when important and the economy
Speaker 1: and all that I hear you make sense, I hear you.
Speaker 1: So what then do you do? You diversify? Right, you
Speaker 1: can say I want to buy dollar exposed equities or
Speaker 1: exposed crisis. You can build a portfolio that housputs of them.
Speaker 1: That's the point I'm trying to get to. What you
Speaker 1: must do is to keep on investing. Why dollar investments
Speaker 1: are so perperlan a drive to day is because profully
Speaker 1: and n RROR is going to be devalued. So you hedge.
Speaker 1: You hege by by using those apps to maybe expose
Speaker 1: yourself to dollar investments. That's what you want to do.
Speaker 1: You can see, okay, before I was doing fifty fifty,
Speaker 1: do something. That's what you can do. But the idea
Speaker 1: is always be DIVERSI five far away from one currency,
Speaker 1: one country, one commodity. Always stay dire as a five.
Speaker 1: So that answers your question. You don't have to stay
Speaker 1: in one place, you know, you move around and you
Speaker 1: rotate your portfolio to fit the economic theme.
Speaker 5: You know.
Speaker 1: That's how I put that. Remember, even with the dovastification,
Speaker 1: the banks are still making a lot of money Nigeria.
Speaker 1: I'm not any bank and in any US bank or
Speaker 1: even the oil company in Nigeria do it better than
Speaker 1: the US oil company. If you take the index, the
Speaker 1: the oil company in Nigeria in the NSC is almost
Speaker 1: sixty percent out in the banks. I don't think the
Speaker 1: oil company in America is the same. But I hear
Speaker 1: you overall for the index America coming to Nigeria that
Speaker 1: as the fire have a mixture, so that way you're
Speaker 1: not caught up in just one.
Speaker 5: That's how I'm paid for you. Thanks probably yeah, okay, all.
Speaker 1: What you do? It's busy. Let me get prince, prince
Speaker 1: what you mean? Yeah, I can hear you answer.
Speaker 2: Thank you very much for having me, so I'll be
Speaker 2: coming very a while and thank you for all you do.
Speaker 2: I just ask your questions.
Speaker 31: I'm a businessman bused in enjoy an enterpinion, and I
Speaker 31: have a I have a startup like yourself business and
Speaker 31: I within the empty space. So I want to ask
Speaker 31: a decituation of taking enjoy the moment. We're having some
Speaker 31: challenges with them, and so I've been looking at options
Speaker 31: that my disposable as say that's the funding, so I'm.
Speaker 2: Looking at.
Speaker 31: Better denouncing of no, some of them are discussing my
Speaker 31: assets for the funding.
Speaker 3: So I just want to ask if.
Speaker 31: I want to ask we should you wish you use
Speaker 31: your advice is the best option and it's the best
Speaker 31: course for me that will not really jopadize business and
Speaker 31: be the startup. Then the second question is regarding I
Speaker 31: want to also ask if because I know you've been
Speaker 31: talking more about the investment in and God and the like.
Speaker 31: So I want to I have more interest in the
Speaker 31: crypto trading, so I want to ask if it's also
Speaker 31: a good part one for investing.
Speaker 1: Now, okay, yeah, two good questions. Like your first question
Speaker 1: is very very easy to to sort of respond to.
Speaker 1: So if you're a startup, or if you want to
Speaker 1: start a business, or if you are still in what
Speaker 1: we call the growth stage, you shouldn't take a bank loan.
Speaker 1: You shouldn't take a bank loan. A bank loan or
Speaker 1: any loan that you pay interest doesn't have to be
Speaker 1: a bank loan. Any loan that you pay interest on
Speaker 1: is only to be used for walking capital, not to
Speaker 1: start a business, not to fund the business. Let me explain. So,
Speaker 1: if your startup needs to buy maybe an open or
Speaker 1: a new truck, you don't want to take a bank
Speaker 1: loan to do that. But let's say your company gets
Speaker 1: an order to supply x amount of goods to a
Speaker 1: company Y and company why will pay you next month?
Speaker 1: So you need cash to do that supply the body
Speaker 1: will pay you. Yes, you go to the bank that's
Speaker 1: working capital. You borrow money from the bank, You fund
Speaker 1: the supply you supply to company. Why company? Why pays you?
Speaker 1: You pay back the bank? You don't want to use
Speaker 1: bank money apart from working capital. I would even say
Speaker 1: paying salaries no. Why because if you start to pay,
Speaker 1: if you take a bank, no, you are working for
Speaker 1: the bank and bank most Nigeria are very expensive, more
Speaker 1: than twenty five percent. You can't survive with that. So
Speaker 1: for a startup, I think I shared if you look
Speaker 1: at if you're not to search on Twitter shared how
Speaker 1: to fund the business. I put various company growth stages
Speaker 1: and I put the types of funding you need. If
Speaker 1: you can search on my Twitter video see it there.
Speaker 1: If you're a startup, you're looking at family and friends,
Speaker 1: equity and like you said, sender your assets to fund.
Speaker 1: You're looking for any sort of funding that does not
Speaker 1: involve interest. That's basically how you want to put it.
Speaker 1: If it means partnership, If it means give me money
Speaker 1: to invest in my business and I share profit to you,
Speaker 1: you know all that, it's perfectly fine. What you want
Speaker 1: to avoid is taking a pain interest that I want
Speaker 1: you to avoid. It's better you keep your company and
Speaker 1: cover it up till when interest rates go down it
Speaker 1: remains your company. Then you take a loan that the
Speaker 1: bank now owns your company, it's not worth it, right,
Speaker 1: So keep that in mind. It's family and friends, equity,
Speaker 1: maybe supplier finance, whatever finance you want to do, but
Speaker 1: not anything you're going to pay somebody interest, fixed interest
Speaker 1: on not don't do that. Yeah, cooperative, all those things
Speaker 1: are good because they are lower interest rates. So you
Speaker 1: can take loan from cooperative and all that, but not
Speaker 1: commercial bank loans. Right, Okay, you know the second question,
Speaker 1: second question on crypto. Crypto is fine, you know, like
Speaker 1: I said, no investment is good or bad. The question
Speaker 1: is how much what you're objective? So what if your
Speaker 1: objective is want to build a portfolio, that's fine, you
Speaker 1: can do crypto, but I would not advise you to
Speaker 1: do more than ten percent. And I would say that
Speaker 1: any money you put on crypto should be money you
Speaker 1: are prepared to lose, because the better of fertility investment.
Speaker 1: So if you know from the start that if I
Speaker 1: put money in crypto, I can lose it, how much
Speaker 1: can you lose? That's how much you should invest in crypto.
Speaker 1: If you think you are but you are, you can
Speaker 1: lose ten percent of your income and be okay with it. Sure,
Speaker 1: do ten percent. If you think only one percent shot
Speaker 1: one percent. It's not good or bad. But because it's risky,
Speaker 1: you want to do risk mondment and silky how much
Speaker 1: do I think I can lose? And then you can
Speaker 1: get away from it the other ways you can do
Speaker 1: kiptop of me investment. Just stick in a bit. You
Speaker 1: can buy bitcoin and you can stake it. I'm not
Speaker 1: sure it still pays out a lot of money, but
Speaker 1: that's how I would look at these things for now,
Speaker 1: till the new and Men in America comes, then will
Speaker 1: have a clear sense of where crip is going to
Speaker 1: go to and all that. But it's a risky portfolio.
Speaker 1: It's investment. I don't recommend any investment. I recommend investment
Speaker 1: acquorant to your objectives. That's the point I try to me.
Speaker 1: So if you if you flow that rational, you can
Speaker 1: go wrong with that.
Speaker 3: Yeah, thank you very much.
Speaker 1: Okay, welcome wrong. Yeah. So I'm hearing sing on the
Speaker 1: on the comment session class saying I right, put Rise investment, Rise,
Speaker 1: but shacka. So we are doing shocker. That is right,
Speaker 1: So Rise I think it bout shaker. So if you're
Speaker 1: didn't shaker that Rise Investments and I'm also putting the
Speaker 1: apps the blasting after invest. No, that's I'm only putting
Speaker 1: the apps that you can use to invest a broad
Speaker 1: Your normal stockbroking firms all have a sex license. So
Speaker 1: your Merry Stems, your afree Invest, your Ibet, c r
Speaker 1: At Stevens, all the stockbrokers, they all have license. So
Speaker 1: that's not talking about the apps, right, So they're all
Speaker 1: really really good. Yeah, perfect, Prince Jim.
Speaker 3: I just want to be Prince. I have been listening
Speaker 3: to your following for quite a while.
Speaker 28: I want to appreciate you for your analysis and how
Speaker 28: you've been giving us some cold cold, particular financial tips.
Speaker 1: Hel appreciate you.
Speaker 3: And lastly, I want to just ask from my booking
Speaker 3: to the pocket minds, if it to be helpful to
Speaker 3: grow somewhere, I'm ready to be gone.
Speaker 1: That's what I'm just asking.
Speaker 3: What can a millionaire investments? Or can I put him
Speaker 3: a million investment into?
Speaker 27: I can?
Speaker 1: I can't answer that question. That's ask me to tell
Speaker 1: you where to invest. I can answer that question. All
Speaker 1: I will tell you is that you need to go
Speaker 1: back to what I've said right. What is your objective?
Speaker 1: Is it short term?
Speaker 15: Is it long term?
Speaker 1: Do you want to risk your capital? Are either an
Speaker 1: appreciation of the capital or do you basically want to
Speaker 1: protect the capital? Do you need liquidity? All these questions,
Speaker 1: the answers you give would tell me where you can
Speaker 1: invest at the moment, Like we did the percips with
Speaker 1: the guy that just joined. How long do you want
Speaker 1: your money for? If it's not to tell me how
Speaker 1: my money next year, we're not gonna be talking about equities.
Speaker 1: We're going to have only about fixed income. Right if
Speaker 1: you say, oh, this is money that I need for
Speaker 1: my retirement and is in ten years, ah, we're talking
Speaker 1: about equities and all that kind of stuff. So because
Speaker 1: I don't know you what I mean, I don't know you.
Speaker 1: I haven't done a risk analysis, I haven't done an
Speaker 1: investment objective with you. On you, I can't tell you
Speaker 1: where to invest a million? What I continues with you.
Speaker 1: Listen to this tape, last week's tape. Pull off the
Speaker 1: tap that says, one, how I can invest a million?
Speaker 1: That's a second most downloaded space level. How can I
Speaker 1: invest a million? I shall on the Twitter handle today.
Speaker 1: Sorry yesterday I said you go through yesterday. Today you
Speaker 1: find out Twitter handle to post them in If you
Speaker 1: listen to that space, you will hear a lot about
Speaker 1: how you should approach invest in. You invest according to
Speaker 1: your objectives. If you need this money back in one year,
Speaker 1: you don't invest in certain investments even though they're going
Speaker 1: to pay you more. That's the answer for you. So
Speaker 1: you want to invest according to your objectives, not that
Speaker 1: according to the returns. So if it's paying you more
Speaker 1: returns but it does not meet your objectives, you can't
Speaker 1: invest in it. Does that make sense? Okay?
Speaker 9: Perfect, I got you.
Speaker 1: Let's get Mariah Moriah Moriah.
Speaker 24: I'm there.
Speaker 1: I mean, yeah, I can hear you faintly, but I
Speaker 1: can hear you. What's up?
Speaker 17: Okay, I'm trying to final so much of people haven't
Speaker 17: been here. So my question, my question is, you know,
Speaker 17: his hum is about I and about it and about
Speaker 17: how he had went to localize, you know, the.
Speaker 1: Entire financial affect and.
Speaker 17: For someone who you know, I actually I'm kind of
Speaker 17: like I'm actually in the financial sector. Sarvist financial analyst,
Speaker 17: you know, say so, I'm sometimes I'm really really scared
Speaker 17: about you know, all this grubo analysts, grobo analyst, robo.
Speaker 1: Ei that is actually coming up. So I'm really said about.
Speaker 17: You know, the picture of financial anally and where it's going.
Speaker 17: So I don't want to you know, you know about
Speaker 17: it's actually worth chewing or give you you know, actually
Speaker 17: was going in because it ain't a younger who is
Speaker 17: going through you know that occupation, it is really worth
Speaker 17: going into.
Speaker 1: So I think about the analysts like the CFE something
Speaker 1: like that.
Speaker 17: Yeah, yes exactly, because I was also planning on writing the.
Speaker 2: Start out with fact and.
Speaker 1: Yeah, I would say you can't go you can't go
Speaker 1: wrong with us. But what I was going to give
Speaker 1: you it's still a machine. It's still a machine. Investors
Speaker 1: still want a human to hold your hand. And when
Speaker 1: you call a company, you talked to robots or if
Speaker 1: you want to talk to to robots be telling you
Speaker 1: or do this, do that, but you still want talk
Speaker 1: to a human. So even though I know the AI
Speaker 1: or the robots can help me, there are lots of
Speaker 1: AI investment companies today that are just driven by AI alone.
Speaker 1: You don't talk to a human, but people, the market
Speaker 1: for a human advisor will never go away. And when
Speaker 1: you're talking about what's going to happen, is that the CFAs,
Speaker 1: the cfps are going to be the one that would
Speaker 1: now arise in importance, not the quote and quote every
Speaker 1: day analyst. So if you're just a banker, if they're
Speaker 1: just a normal investment advisor, you are going to lose
Speaker 1: your job in next play twenty five years because the
Speaker 1: AI and the computer will take about what you can do.
Speaker 1: But if you have an skill or accessibility like like CFA, CFPCCP,
Speaker 1: I can you are adding value, not just intelligence on
Speaker 1: how to pick stocks, but that human touch, emotional intelligence
Speaker 1: that you can explain to someone why they should sell
Speaker 1: their stocks and buy those that stock even though their
Speaker 1: wife or their son like that stock. So that part
Speaker 1: of the market is not going to go away. And
Speaker 1: I would say that a CFA is an international license
Speaker 1: for you. If you get the CFA today, you can
Speaker 1: walk anywhere. So I would get it if I mean,
Speaker 1: if you can get that, I will get it yesterday, right.
Speaker 1: I wouldn't worry about the CD machines coming through yet.
Speaker 1: I mean that's a worldwide mis in demand worldwide, so
Speaker 1: I would say don't worry about it for now. Anything
Speaker 1: that does not involves one plus one is it goes
Speaker 1: to two, is in trouble. But anything that involves described
Speaker 1: why two is one plus one is going to win?
Speaker 1: Does that makes sense for you? Okay?
Speaker 2: Thanks you that.
Speaker 1: Okay, perfect perfect man? Good luck and good luck that Jamil, Jamil,
Speaker 1: little hamster. How are you doing, sir Jamlin? What's up?
Speaker 1: Can you hear me? All right, let's get let's get Julian,
Speaker 1: Julian and what'sop man?
Speaker 2: I have believing or good after the morning. Wherever we are,
Speaker 2: it's good to hear your voice again. This is my
Speaker 2: third space.
Speaker 1: Yeah yeah, yeah, yeah cool. Okay.
Speaker 2: First of all, I finally got the book, and I finally.
Speaker 3: Got your book in Nigeria.
Speaker 17: Uh yeah, and I got it from Ruben Heights, just
Speaker 17: as you said I would.
Speaker 32: So my question today is just I had the last
Speaker 32: space I was on, I heard someone speak about.
Speaker 3: Being able to open and maybe stop booking.
Speaker 32: Accounts in Canada so you can have direct direct access
Speaker 32: to the US market, start going through shows and shatters,
Speaker 32: which have a lot of fees in between.
Speaker 3: Do we have any provisions how to go about that?
Speaker 3: And what about that?
Speaker 2: That's my first question and my second question does not
Speaker 2: what last person spoke about?
Speaker 1: How effective or how.
Speaker 2: Best can someone us all these pinch think tech.
Speaker 32: Or AI power financial sites, something like pinch a I,
Speaker 32: what's will be the best advice you kill?
Speaker 1: And my last questions?
Speaker 3: I think I will have three questions. I recommended financial.
Speaker 32: Advisor in Nigeria who could help with the financial terrain
Speaker 32: and that's good and knowledge about the space in Nigeria.
Speaker 1: Thank you. So then I have how best to use
Speaker 1: m A I and think I have recommend financial advice.
Speaker 1: What's the first one? Again? It was okay, the Canada, Canada,
Speaker 1: the Canadian one? So the Canadia one, I mean we
Speaker 1: shared the link. I wish I shared the it's I
Speaker 1: forget the name. It's based on the other space. I
Speaker 1: think I pulled it up when she was speaking at
Speaker 1: the last space. I think it's legit. I looked at
Speaker 1: them to a license. If you can get registered with them, possibly,
Speaker 1: she said, it's lower costs, but they do a lot
Speaker 1: of KYC on you. It's worth trying. I haven't tried
Speaker 1: them all, I said were registered in Canada, So if
Speaker 1: it's all, can try them out? Possibly, right, I'm not
Speaker 1: say anything wrong with that. How the best way to
Speaker 1: use this AAR and F you know, I am very
Speaker 1: jealous that in the year too before distance came out.
Speaker 1: When I said to invest, it wasn't the more possible
Speaker 1: to use AI or your phone to buy Nigerian stocks.
Speaker 1: When I said to invest in Nigerian stocks, they were
Speaker 1: not online. It was all paper driven. When you buy
Speaker 1: a stock, you get the certer tickets. That's when I
Speaker 1: started to invest. But now a kid sitting in Kuira
Speaker 1: State can go on his phone, put Nyra on his
Speaker 1: phone and buy Tesla stock. It's amazing, and the kids
Speaker 1: are complaining. You know, the kids are complaining. So I
Speaker 1: think it's the best way to use them is strateured
Speaker 1: to use them. I think there's a lot of issue
Speaker 1: about it costs a lot. Of course, it costs a
Speaker 1: lot because you're buying from Nira. If you have dollar,
Speaker 1: doesn't cost anything because you're buying from dollar, right question,
Speaker 1: buying from Nira, of course it's gonna cost you a lot.
Speaker 1: So yeah, I think I lost the space. Yeah, sorry,
Speaker 1: I think I lost I think I got kicked out
Speaker 1: of my own space. I got I gotta put, I
Speaker 1: gotta mix some one of the joints. I just yeah, yeah, Julian, Julian,
Speaker 1: They're gonna be a so sorry because I got kicked
Speaker 1: out let's go back in here, all right, So essentially right,
Speaker 1: so use it. If you're a guy in Nigeria, is
Speaker 1: an option for you. So essentially what you now have
Speaker 1: is that you have the opportunity to invest across the world.
Speaker 1: Take advantage of that opportunity. You know, don't complain and
Speaker 1: say it's expensive. It's expensive because it's in NIRA. I
Speaker 1: get it. But what's the option you invest only in Ira?
Speaker 2: Right?
Speaker 1: You have apps that allows you to buy any product
Speaker 1: you can buy Tesla, Microsoft across the world. So yeah,
Speaker 1: I would say it's worth the cost. That's how But
Speaker 1: because if you look at the cost of your exchange
Speaker 1: rate compared to the cost of the Bindis shares, the
Speaker 1: bandishes are still cheaper. So I would say good for that.
Speaker 1: On recommending your personal advice. So the problem is that
Speaker 1: we don't have cfps in Nigeria. We don't have that
Speaker 1: sort of designation. We have stock broken as we have bankers.
Speaker 1: We don't have like have an America where you can
Speaker 1: go and so one can do a plan for you.
Speaker 1: They are people that can do that plan for you,
Speaker 1: whether like a banker or talk broker. I don't know
Speaker 1: how much you want to spend on them money Africa,
Speaker 1: Shaddy two of them. They do a pretty good job
Speaker 1: if you got me, if you go see them. I
Speaker 1: don't know what you want to do specifically, if you
Speaker 1: if it's what do you want to do this? If
Speaker 1: you want to get a plan, I want to invest
Speaker 1: with exactly with that guy, No, I will I want
Speaker 1: to plan. Of course, I plan ocean.
Speaker 32: So I want to start having a financial plan for
Speaker 32: the next five years to invest and grow grow my my, my, my,
Speaker 32: my assets and have some tangible assets.
Speaker 1: That I can I think, I think, I think you
Speaker 1: can get that in America and just tell them the
Speaker 1: variables in Niger and they can do that plan for
Speaker 1: it because all they need right is your inflation rate
Speaker 1: you're expected like your rit of growth of the currency.
Speaker 1: We want to attack things like that, but I think
Speaker 1: they will struggle a bit, but they will give you
Speaker 1: an so like a framework more less because they can
Speaker 1: tell you, okay, then you're just gonna grow to five percent.
Speaker 1: So when it discounted, men, it's gonna be it's gonna
Speaker 1: be a lot. Because the way the way this match
Speaker 1: cautos work is that there's a discounting number and I
Speaker 1: don't think there's those things are designed for Nigeria. Nigeria
Speaker 1: numbers because when I do discounting here, we're doing five
Speaker 1: four percent. If you go tell them that you have
Speaker 1: a risk claim Nigeria is twenty nine percent. What that
Speaker 1: means that when they want to invest for your pension,
Speaker 1: they have to discount by twenty five percent. We miss
Speaker 1: in in in four years. They've discounted your principle.
Speaker 12: That's what it means.
Speaker 1: So yeah, so but then they have to also grow it.
Speaker 1: There's also the official but I don't believe that that
Speaker 1: just can work with that. But why don't you let
Speaker 1: me let me see what you want to do, D
Speaker 1: and me and then we'll take it from there. Yeah,
Speaker 1: that's cool. Thank you, all right, you good man, mister Carl.
Speaker 1: How are you doing?
Speaker 17: Thank you very much for you know, you know that you.
Speaker 3: Share on this platform. I mean just just specifically say,
Speaker 3: I mean that's one of those did you you had
Speaker 3: his pace like this?
Speaker 28: I mean talking about an investment platform that I just
Speaker 28: let me try and yeah, I then.
Speaker 2: Some good money, sir.
Speaker 1: When people get.
Speaker 3: Stuff like that, you'll come back and say thank you.
Speaker 1: So when you say, are you gonna say thank you?
Speaker 1: With mouth. You won't send me anything any.
Speaker 23: When I when when, when I have the opportunity to
Speaker 23: to specifically do that, I would do that.
Speaker 1: I mean I know what I got, so yeah, definitely,
Speaker 1: I mean it's not that. Yeah.
Speaker 2: So I I buy stocks with Bamboo and True.
Speaker 3: Boots, nag stocks and US. But there's something that I
Speaker 3: saw those two stocks.
Speaker 1: If you go there, you'll find out that for these
Speaker 1: stocks of the same company, the lables.
Speaker 3: In their prizes, it's not the same thing.
Speaker 1: And so specifically, have some maybe market sens.
Speaker 2: To the information.
Speaker 1: I made some uh, I got some stocks, and I
Speaker 1: then found out that on one of the platforms, the
Speaker 1: stocks moved on the platform. This is was technique interesting.
Speaker 2: So I I on the on the platform that moved
Speaker 2: I actually saw.
Speaker 1: I just kept it for like one and a half.
Speaker 2: Months, and I got some good appreciations and I showed
Speaker 2: the talk.
Speaker 1: So you said the other platform, just you are saying
Speaker 1: that like the same stock one or one platform had
Speaker 1: gone up in price on the that plot and it
Speaker 1: was fasting price. The price had immoved.
Speaker 17: Yeah, it didn't move.
Speaker 14: Impact.
Speaker 33: In fact, on one of the platforms the movement was
Speaker 33: almost like fifteen.
Speaker 3: Percent and it did move on this platform.
Speaker 1: In fact, I treated at them and I said, guys,
Speaker 1: what's happening here?
Speaker 3: These talks moved on.
Speaker 1: This on the platform.
Speaker 17: Yeah, it was just that it didn't move. I do guys.
Speaker 1: What did they say is it's not market reglecting.
Speaker 8: You know what?
Speaker 1: What did they say?
Speaker 3: I don't before it is fun?
Speaker 1: Wow, you said, I've taken a screenshot and reported them
Speaker 1: to the nydra stock astume just take a screen shot,
Speaker 1: because really did All they do is just like a television.
Speaker 1: Your TV does not generate images, it's it's relaying images
Speaker 1: from someone else, right, So imagine if my TV is
Speaker 1: showing me, your TV is showing you Chelsea. Doesn't make
Speaker 1: any sense from the same stadium. Right, So you said that,
Speaker 1: I'm sure it was the technical applage, which means that
Speaker 1: I could do an abbit. I could have bought and
Speaker 1: sold on between platforms that making lots of money. It's
Speaker 1: not impossible. That was you're saying. So if I think
Speaker 1: it's really taking the screenshot and held them into account,
Speaker 1: because that's what it means, I can buy on the
Speaker 1: one that didn't move and sell to the one that
Speaker 1: moved and make a lot of money. That's the problem.
Speaker 1: So yeah, that's that's that's very unportunity.
Speaker 34: Yeah, okay, So I mean I just I saw it,
Speaker 34: and I mean it was it was a bit concerning
Speaker 34: because on the platform that didn't move, I bought almost.
Speaker 17: Like times five.
Speaker 1: Yeah, and the platform that move that was like I
Speaker 1: bought like twenty percent on the platform.
Speaker 18: That move, I got like times fried on the platform
Speaker 18: that they moved.
Speaker 5: So well, you are the one that, like I said,
Speaker 5: you took you took advantage of it. You took advantage
Speaker 5: of it.
Speaker 1: It is the loss because essentially what's going to happen
Speaker 1: when they place your order in the stock market, They're
Speaker 1: going to pay the real price. So you made money
Speaker 1: off there. Yeah yeah when they go to buy. And
Speaker 1: I'm surprised they didn't they didn't come back to you,
Speaker 1: because that shows poor risk management on their part because
Speaker 1: when they trade, they will see the difference because they
Speaker 1: are you just made it happy charge of them. Yeah.
Speaker 1: So I got so.
Speaker 33: I I know that as I've been having this conversation,
Speaker 33: nobody has that. And usually what I do is are
Speaker 33: really by almost the same stocks on those two different platforms.
Speaker 3: Yeah, I mean almost similar stocks.
Speaker 10: But most times I have I have stocks from both
Speaker 10: platforms from the same company.
Speaker 2: Sometimes I can decide to.
Speaker 1: Yees, yeah, that's that's why we we will do all that.
Speaker 3: If what I experienced it didn't take.
Speaker 1: That's crazy picture. Ye sorry about Okay, guys, we'll be
Speaker 1: here about two hours. Testimutes were in the end of year.
Speaker 1: If you have shared the checklist with you guys on
Speaker 1: what you want to get done, Investing is not just
Speaker 1: Iran Cobe is also making sure you dog your eyes
Speaker 1: and your teas, your next of kids, your estate plans
Speaker 1: and all that. So make sure you guys do that.
Speaker 1: Don't just don't look at investing n Iran Cobo. Make
Speaker 1: sure you also clean out. You have your ship, does
Speaker 1: you've gone to your brokers. You've got to your dividends
Speaker 1: for the year. Get all that done this year, so
Speaker 1: next year you have queen books. You are starting off
Speaker 1: fresh and all that right. Jamilu hi hi Jermalo hamster
Speaker 1: and what's up? Jamilo calls you twice now, so let's
Speaker 1: go to Okay at del Wally, Okay at de Walley
Speaker 1: Investor finance. Too much knowledge int in nearly enough for me?
Speaker 1: Okay what I but let me ask you a few
Speaker 1: questions here on the timeline. Someone is asking about if
Speaker 1: I use international those stocks to get to train in nationally. Well,
Speaker 1: I get this CSCs number, so let me explain that.
Speaker 1: We explained this last week. Sorry. When you want to
Speaker 1: buy stocks in Nigeria, you can buy stocks without the CSS, right,
Speaker 1: But the CSS is where you want to settle. You
Speaker 1: want to take your your your stocks to and settle CSCs.
Speaker 1: It's like your post office box. You buy stocks, then
Speaker 1: you can put it to your CSCs. If you use
Speaker 1: those training apps, they have their own CSOs that they
Speaker 1: can use to buy and self for you. This is
Speaker 1: why they open up their own When you want to
Speaker 1: buy and sell, they can buy and sell from their
Speaker 1: box to the next person. So it's easier for you. Right,
Speaker 1: But if you do yours, you have to take it
Speaker 1: from your CSCs give it to them to buy and sell.
Speaker 1: So it's your call. You can use THEIRS or you
Speaker 1: can keep your I'm just seeing that President jimmykath has
Speaker 1: just passed at the age of one hundred rest in
Speaker 1: pi Okay. I believe, Yeah, I believe.
Speaker 2: Thanks for the knowledge.
Speaker 27: Yeah, that does take clarification, So I'm someone that likes
Speaker 27: to buy a US stuff. So when I'm pretty long time,
Speaker 27: maybe fifteen years at minimum.
Speaker 2: So presently I've been trying to force whateverywhere you have.
Speaker 3: If there is a way so that it can be
Speaker 3: in Nigeria, I have.
Speaker 2: It broken in US because of nagurant situation. You know,
Speaker 2: when you're.
Speaker 27: Thinking long you have to put something into consideration. No,
Speaker 27: because sometimes you can't describe pica about Nigerian Nigerian financial whatever.
Speaker 2: Naguran to me, I don't put too much.
Speaker 3: Trust in them.
Speaker 2: So when you're looking at a long time, many things
Speaker 2: can happen.
Speaker 8: Talking about fifteen twenty time intivation.
Speaker 35: Whatever you're planning to do it stop, give your stock
Speaker 35: and it's talk to you like during the last yea
Speaker 35: many years and I'm putting in a place in case
Speaker 35: to fight the future of what today. I want to
Speaker 35: ask if there is anyway someone can get us broker
Speaker 35: because to me, I believe there is a discipline the integrating.
Speaker 9: Those areas.
Speaker 27: So this is what I'm looking at, is there is
Speaker 27: there any way someone can get a broken from doing
Speaker 27: and you start trading from like during No, I think.
Speaker 1: It's two ways. It depends if you have a social
Speaker 1: Security number. If you have the social security number, yes
Speaker 1: you can get the US broker. If you don't have
Speaker 1: a social secuting number, you have to use those apps
Speaker 1: because those apps are using a broker in the US.
Speaker 1: That's basically what they are doing. So it is that
Speaker 1: basically how you are registered. More or less if you
Speaker 1: don't have a social from the UK and US, the same.
Speaker 3: Thing named you.
Speaker 2: I'm president with the normal intech.
Speaker 1: So you can only do the bamboos, the shakas and
Speaker 1: the cal wise. Yes, that's what I'm looking at.
Speaker 2: The amount of looking at the future is what you know.
Speaker 3: Until you can look like.
Speaker 1: Okay, okay, okay, okay, I've answered right. If you can't
Speaker 1: get it, you can't use a broke up because you
Speaker 1: have a social you can ask your Nigerian fintech have
Speaker 1: to open up a CS for yous for you. In America,
Speaker 1: you can still do that one. But remember when they
Speaker 1: do that for you, if you want to sell that share,
Speaker 1: you have to go and look for someone that will
Speaker 1: take it from your account, put it in the account.
Speaker 9: And sell it.
Speaker 1: So it's more if if you many money tomorrow, you
Speaker 1: can get it tomorrow because you have to first of all,
Speaker 1: transfer it to the broker. And because it's a small
Speaker 1: amount of mental answer. But without a social you can't
Speaker 1: have an account in your name.
Speaker 3: We're talking about walking out by.
Speaker 1: It doesn't matter how much. If you don't have a
Speaker 1: social you can't open up a stop broken account in
Speaker 1: your name in the US. You're very welcome to all right,
Speaker 1: let's get more funable, Oh mister, yeah, well so please?
Speaker 3: Also, uh, is there up for day treading in ninety
Speaker 3: four US stops?
Speaker 2: Not?
Speaker 1: No, you can't do the treading. Don't let you do
Speaker 1: because the needs you need to help you need to
Speaker 1: be credited or something like that. So it's really hard
Speaker 1: for you to be day treading even if you can.
Speaker 1: The volume, the your internet speed here not allow you.
Speaker 1: So because you are training in milliseconds and lots of currencies,
Speaker 1: a lot of volume, So I don't think so yeah, okay,
Speaker 1: thank you, thanks cyber.
Speaker 3: Hi you good giving everyone.
Speaker 11: Yes, So man is on amy recent graduates, right, and
Speaker 11: I'm currently a radiography in turn, so.
Speaker 18: I kind of like a sorry coming in for now
Speaker 18: for like a specified period of time. Okay, So I'm
Speaker 18: have a few questions as regarding the stock matches both
Speaker 18: the US stock markets and the Andrean stock markets.
Speaker 2: Okay, so also yes, I'm doing well, thank you.
Speaker 1: I didn't get apart.
Speaker 12: So then the first question is say you maybe get
Speaker 12: salary three hundred k two whatever and the professional Okay,
Speaker 12: I'm going to take twenty percent and invested in.
Speaker 1: The store Markelets for example.
Speaker 12: So for example, say you have physic ke and the
Speaker 12: fist small whether you say you have a physic key
Speaker 12: right for your.
Speaker 1: Whole investment at all?
Speaker 3: Like in the stock markets, how would you use.
Speaker 12: Place it into the US stocks and into Nigerian stocks?
Speaker 12: That's one now concerning the US stock market trait. Now
Speaker 12: knowing that we have ETAs you know, we have good funds.
Speaker 1: Or good stores. I lost today, can you hear.
Speaker 2: No? I thank you lot too?
Speaker 1: Okay, given a few says, can it doesn't come? Then
Speaker 1: just answer the question she asked because I can't hear her,
Speaker 1: cyber man, if you can hear me, I can hear you.
Speaker 1: You want to if I want to drop off and
Speaker 1: hop back in again, okay, let me get us. We're
Speaker 1: gondn't hear you dropped off? Is it possible?
Speaker 2: You you?
Speaker 1: I got the first question? Can you ask the second
Speaker 1: question again?
Speaker 2: Okay, I'm not audible.
Speaker 1: Can you hear me? I can the second question I
Speaker 1: didn't hear at all. Can you ask it again? The
Speaker 1: second question? I'm going to go now, Yes you are, Yeah,
Speaker 1: I can hear you say your second question? Can you
Speaker 1: ask again? Okay? Can you hear me? Cyber? Hello?
Speaker 2: I think so.
Speaker 1: I won't answer till to I know she can hear me.
Speaker 1: She can hear her answer. Let me try to get
Speaker 1: are you able to speak? Well, we've got about fifteen
Speaker 1: this more or shut down before the only because he
Speaker 1: hears the answer. But are you ready to speak? Sir?
Speaker 1: When I going on? He's here but doesn't want to speak.
Speaker 1: Let me drop drop him so that way we don't
Speaker 1: wait for him. Perfect Cyber is requesting to speaking.
Speaker 3: I have added you back, Cyber.
Speaker 1: Can you hear me? She's back on to speak. I'm
Speaker 1: not sure she can hear him. Can you hear me, ma'am?
Speaker 1: Can you hear me? Okay, let's let's move on. Let
Speaker 1: me see all right, so good time to look at
Speaker 1: the spend about the c s ES. If you get
Speaker 1: a c s S in America, you can do that,
Speaker 1: but it it became more difficult to sell instantly or otherwise.
Speaker 1: Also the same with Nigeria educational cess. It's safer you
Speaker 1: keep on your stock here, but does what makes it
Speaker 1: difficult for to sell or with ease or with efficiency
Speaker 1: if you use theirs. Let's see most of it. Someone's asking,
Speaker 1: can you talk about the gold market? Yeah, if it
Speaker 1: can be a bit more, if you can clarify what
Speaker 1: you buy a gold market. I'm talking about buying gold
Speaker 1: itself as a security, as an actual goal bard or
Speaker 1: buying goals certificates. There are many ways I can invest
Speaker 1: in goal, but goal itself as an investment seen as
Speaker 1: a hedge, what means it would pay you any returns?
Speaker 1: It's just a hedge against for the asset prices. And
Speaker 1: one goal has been good up in price or recent
Speaker 1: because the Chinese and the Russians that bind a lot
Speaker 1: of gold because of the sanctions against them. So I'm
Speaker 1: not sure if you'll stop buying. But also to be
Speaker 1: that investment where you want to buy or have a
Speaker 1: little bit off in your portfolio and that doesn't pay
Speaker 1: you anything, just like it's like a defense against inflation.
Speaker 1: Keep that so keep that in mind. Cyber, you asked
Speaker 1: a great question outside I'm not sure if you can.
Speaker 13: Hear me, yes, I can hear you know.
Speaker 1: I'm sorry, not the problem I got the first question.
Speaker 1: What's the second question?
Speaker 3: Okay?
Speaker 1: The second question?
Speaker 12: Okay, the second question is do they say you already
Speaker 12: have splittered the money into.
Speaker 2: For the US stock markets and twenty nine stock markets and.
Speaker 3: Then the use of markets?
Speaker 13: According to my I need to knowledge it's more than advance, right,
Speaker 13: its great stocks and give you sto and rest of all,
Speaker 13: what percentage of the money would you push into these
Speaker 13: different sectors or these different stocks? Right?
Speaker 12: And what range of iteas would you look at first?
Speaker 3: For someone in the spence?
Speaker 1: Yes, okay, let's let's let's use you as a case
Speaker 1: study if you don't mind, right, So, so the good
Speaker 1: questions you want you you want to you have about
Speaker 1: three the key you want to invest twenty I have
Speaker 1: like sixty k for example as a one, two, three, four, five? Okay,
Speaker 1: fifty k, right, that's the total amount you want to invest? Correct?
Speaker 35: Yeah?
Speaker 1: Okay? And then you want to do twenty percent? No,
Speaker 1: fifty k?
Speaker 22: Is it?
Speaker 1: Is it? Okay?
Speaker 8: Fifty k?
Speaker 1: But what investor?
Speaker 2: Right?
Speaker 1: You want to do a split? And you go about
Speaker 1: twenty something years, right, So obviously we're looking at the
Speaker 1: long term. You need liquidity in the next ten, liquidity
Speaker 1: in time soon.
Speaker 2: No, no, no, I'm thinking ten, five, twenty.
Speaker 1: I don't know how.
Speaker 12: I'm not Harry, I got you.
Speaker 1: So, I mean, if I was twenty years old, twenty
Speaker 1: five years old, I have to invest fifty K. I
Speaker 1: would just buy the the cheapest investment, like Alad with
Speaker 1: that as a five food for my career, go to
Speaker 1: the US. The cheapest equity investment allows to death as five.
Speaker 1: Because you've said you have a long term horizon, you
Speaker 1: said you are, okay, we don't need liquidity. What about
Speaker 1: your your your own risk the market crashes two years time,
Speaker 1: do you want your money back or can you waste
Speaker 1: the next eight years to get the money back? Okay?
Speaker 12: So that's that's something simile. I was going to litter
Speaker 12: in my third year and that's fairing.
Speaker 1: So I got Tesler.
Speaker 12: I got tested there at three twenty something. I think
Speaker 12: my procories had to do at around August, there was
Speaker 12: a stock really stock split three issue one and test
Speaker 12: I felt as well as the one hundred and nine. Okay,
Speaker 12: this month is the first time that the fraction of
Speaker 12: shares I bought us adnly do as it. So I'm
Speaker 12: really not bothered because my versions are the ready shattered
Speaker 12: mimuss have been shattered already. So yeah, I wanted to
Speaker 12: get into maybe like automatic saving automatic interesting. So in
Speaker 12: things like this, when the market goes down very high
Speaker 12: without emotion attached and still profit it.
Speaker 1: Okay, what what would you say if I told you
Speaker 1: that when the stock for Tesla was split, the share
Speaker 1: price didn't actually go down because they gave you more shares,
Speaker 1: So you just adjust to the stock price. Then I
Speaker 1: want to make you feel better.
Speaker 2: It's too bad.
Speaker 1: Because you got more shares when they do a stock split. Right,
Speaker 1: if you have one If you have a share, that
Speaker 1: is what's ten nira and it's training twenty for tennira.
Speaker 1: So you have a stock price right training for ten narraw.
Speaker 1: You have one share? If I do it one for
Speaker 1: one split, right, I give you another share, so you
Speaker 1: now have two shares. But the stock price can't be
Speaker 1: ten narra. The stock prices become five narra, So you
Speaker 1: now have two shares. What five narra each make it
Speaker 1: the same ten nra? Does? That makes sense? So when
Speaker 1: Tesla skars the shares you lose one. It has see
Speaker 1: because when they you they when they touched their capitalization,
Speaker 1: that's when the share price came down. It's not like
Speaker 1: it lost because of the market movement. I just want
Speaker 1: to make that point to you, right, So let's combacky, right,
Speaker 1: So I have a long time horizon, my risk capitite
Speaker 1: allow me to take hits on my principle because my
Speaker 1: principal will recover and I don't need liquidity, I would
Speaker 1: go into the equities market, right. I will try to
Speaker 1: get the cheapest way I canify in the equity markets,
Speaker 1: say the US and Nigeria. The only way I can
Speaker 1: do this is to buy either a mutual phone or
Speaker 1: ETF on index fund. So I'm buying a neutral fund
Speaker 1: or an ETF that invests in the index. Right, the
Speaker 1: index is already there. I just want to buy that
Speaker 1: indexes that I do it through the neutral fund or
Speaker 1: try an ETF. I can use an ETIF front and
Speaker 1: an exchange the fund, so I can buy, for instance,
Speaker 1: in America, Like I said, if I do the VT
Speaker 1: I right, that buys four thousand and five and or
Speaker 1: so shares in the US market, I'm exposed to forty
Speaker 1: five hundred shares in the US market of biblos. But
Speaker 1: just buy the vt I ETF. Why am I just
Speaker 1: in VTR. It's from Vanguard. They are very big, so
Speaker 1: their cost purchases very very low. I mean I can't
Speaker 1: actually give you the cost I put on vt I
Speaker 1: a few minutes ago. If I look at vt I,
Speaker 1: let me see if I can just just I can
Speaker 1: google VTR if you do the same thing. If you
Speaker 1: put vt I on Google, it would show you the
Speaker 1: VTI stalking index. So I'm looking for the cost per
Speaker 1: share right on all around the buy with DIVIDNTU give me,
Speaker 1: I'll get it for I don't to keep it here.
Speaker 1: So if I buy vt I, right, I'm able to
Speaker 1: get us explosion. What about Nigeria. For Nigeria we also have.
Speaker 35: So I have bt I here.
Speaker 1: The expense for for BTR is zero point zero three.
Speaker 1: That means they only take three dollars for every hundred
Speaker 1: dollars that I buy. That's that's very bit cheap. Only
Speaker 1: three dollars fore hundred dollars that I buy all the
Speaker 1: Nigeria gays would add their own with. But that's good
Speaker 1: for you, right for that sour, So I would do
Speaker 1: if I was now in Nigeria now right, I would
Speaker 1: do more than sixty percent in the Yugo's BTA. I
Speaker 1: would maybe sixty or seventy percent in US maybe because
Speaker 1: I want to get exposure. I don't want to raisk
Speaker 1: by naira. How would I invest in naira apportion? This
Speaker 1: is not a bit different. Nigeria has got ETFs, but
Speaker 1: I might not buy the ETF directly Nigeria. I might
Speaker 1: buy the mutual fund. So they have the mutual fonts
Speaker 1: in Nigera that buy equities, so there's ibt C. I
Speaker 1: reinvested marriage term. I want to buy one of those
Speaker 1: stock broken them that have those equity unit trust Nigaillcondomy
Speaker 1: Unit Trust America will Codomy Mutral Fonds. I want to
Speaker 1: get exposure to those guys, So I buy the Naja
Speaker 1: Mutral Phone America. I buy the ETF that both invest
Speaker 1: in equities. I want to buy them they were in America.
Speaker 1: I want to reinvest my dividens one hundred percent, so
Speaker 1: I tend to do what's called a drip drip dividend
Speaker 1: reinvestment plans. So everything then I make just put it
Speaker 1: back into the investment and buy me more shares, Simil nice.
Speaker 1: You are from the jam, don't have a drip, so
Speaker 1: you have to do it manually. When they give you
Speaker 1: your shares, you take it back to them and you
Speaker 1: just buy more shares. If I have a sort of investment, right,
Speaker 1: it's a very very high risk investment. I can lose
Speaker 1: all my money because it's one hundred percent in equities.
Speaker 1: But it's exposing me to the largest most liquid market
Speaker 1: in the world, the US market. So I have a
Speaker 1: nice and have a US I will do seventy thirty.
Speaker 1: That's how I think. I will state it's even eighty twenty.
Speaker 1: I will invest my dividends and I'll forget about it
Speaker 1: for the next ten years and I'll see what happens.
Speaker 11: Okay, So nothing on single stocks, nothing, No, Because you
Speaker 11: have fifty k, what's finished, fifty k in dollars.
Speaker 1: If I do, let's do it. Buy fifty thousand divided
Speaker 1: by let's use sixteen hundred, sixteen hundred in dollars. That's
Speaker 1: testy one dollars. You can't buy Tesla turty one dollars,
Speaker 1: but you can buy the ETF that buys Tesla for
Speaker 1: twenty five dollars. You see where I'm going to. You
Speaker 1: can't afford stock, so you want to buy the You
Speaker 1: don't want to buy the ets. You see, your greatest
Speaker 1: one is time. You are younger, So every time you compound,
Speaker 1: you are making more money than me. I I am
Speaker 1: already older, so I man, if I buy the same
Speaker 1: stock you're gonna buy, you have more compounding pupuios than
Speaker 1: I do. Markets are gonna go up. They're gonna calm down,
Speaker 1: but over the long term they're going to go up.
Speaker 1: If you put the US market from eighteen hundred to today,
Speaker 1: you see going up, down, updown, updown, but the trend
Speaker 1: is up. So you want to be in that market.
Speaker 1: As a younger person, you want to buy any better.
Speaker 1: They don't just leave it there, right, And I'm gonna
Speaker 1: share the VTI stock chat like the how it's gone
Speaker 1: off in price, just so you can take a look
Speaker 1: at it. Right performances and fees. Let me look at this.
Speaker 1: If you bought VTI right, this same VTI. Yeah, I'm
Speaker 1: from inception nine percent. It just talks like April two
Speaker 1: thousand and one, you would have nine percent, But nine
Speaker 1: percent is in US dollars, so you're beating inflation. Ten
Speaker 1: years is twelve percent, five years is fifteen percent. This
Speaker 1: year alone is twenty seven percent. And that's you. You're
Speaker 1: putting your thirty one dollars, they're gonna get twenty seven percent.
Speaker 1: US ambition is two three percent, so we can get
Speaker 1: a real wit of return. So that's how you want
Speaker 1: to do it. You want to do a lot of
Speaker 1: equities when you are younger, So you get older, you
Speaker 1: want to then transit towards more fee income. But you
Speaker 1: have tons of years ahead of you. I want to
Speaker 1: do this forget about it?
Speaker 3: Okay, So would you advise I buy at currently or
Speaker 3: maybe watch the market til you go?
Speaker 1: And why are you watching the market? Girl? Why are
Speaker 1: watching each market? I want to do? You buy? There
Speaker 1: is no you don't time the market. You want to
Speaker 1: be the time in the market is more important than
Speaker 1: time in the market. You can just buy it. So
Speaker 1: if you decide it, you're going to be exposed to
Speaker 1: the market. Do what's called dollar cost averaging, So every
Speaker 1: month something so if you ignore the price, you want
Speaker 1: to buy a good stock at a good price. If
Speaker 1: you can't do that, just do it dollar cost averaging
Speaker 1: and you keep on buying. If it goes up, that's fine.
Speaker 1: If it goes down, that's fine. But if you want
Speaker 1: to wait and say I'm gonna wait for the stock
Speaker 1: to go up to go If you google, there's you
Speaker 1: see lots of askles on Twitter down and I will
Speaker 1: tell you if you missed the the best five days
Speaker 1: in the market, your total will crash. If you google it,
Speaker 1: use a lot of articles telling you if you were
Speaker 1: invested for every single day in the market, but you
Speaker 1: missed maybe the top five personays in the market, you
Speaker 1: lose a lot of money. Why do they give you them?
Speaker 1: Because you won't to be invested. You don't do that.
Speaker 1: I want to buy, so you buy today, You ignore
Speaker 1: the price. You're younger, you keep on buying. If this
Speaker 1: is your objective, you keep on buying, You keep on investing.
Speaker 1: You keep only balancing. Right now, you're you're one hundred percent.
Speaker 1: Equities are not You're rebalancing. But that's what I would
Speaker 1: believe I was. It's not advice. I'm not telling you
Speaker 1: what how I would approach it.
Speaker 3: Okay, Okay, thank you so much.
Speaker 11: One more thing so say, because regards to original you
Speaker 11: spoke about, So I'm saying I have the seventy seventeen
Speaker 11: thirty or eighty twenty, like you said, to split between
Speaker 11: moote market and I want to keep reinvesting monthly, so
Speaker 11: I keep putting that same amount every mon automatics investment
Speaker 11: on something.
Speaker 1: Every month for the next as as. So you have
Speaker 1: to go back to your budget. So when you do
Speaker 1: your budget, you have to say, I want to allocate
Speaker 1: this amount for investments. So if in this year you
Speaker 1: are allocated ten percent for investment, then that's what's going
Speaker 1: to go into it. Right, So it's going to be
Speaker 1: based on what your budget. If you if want us,
Speaker 1: that's just your money tomorrow. Okay, that's more that you
Speaker 1: didn't plan for. You also put it in there as
Speaker 1: additional for logic contributions in But as long as you
Speaker 1: keep on doing when you get a pay check, you
Speaker 1: do an auto transfer, you don't see the money turn up.
Speaker 1: Your paycheck goes automatically to your investment account. They're from
Speaker 1: your investment account. You don't take that money, and you
Speaker 1: do your seventy eighty do as long as you end
Speaker 1: the money. As your income goes up, you can increase
Speaker 1: the percentage or you can buy it. That's why your
Speaker 1: percentages are good. If you go to it again, go
Speaker 1: to my work, go to do Carlo at the dot org.
Speaker 1: You see a financial carlet there right, so you can
Speaker 1: plug in all your expenses at the very bottom. When
Speaker 1: you do the expenses, will tell you give us a
Speaker 1: percentage for investment. You can put ten percent day it
Speaker 1: took up. Put everything for you. If you put your
Speaker 1: income income passible, do all that for you. Put your
Speaker 1: percentage you want there to cap how much you want
Speaker 1: to save every month, every paranlem if you have a
Speaker 1: problem with the enemy.
Speaker 32: Yeah, okay, okay, so yes, my very.
Speaker 3: Last question, I'm so sorry.
Speaker 1: I'm just really increasing at the moment. So say I,
Speaker 1: for example, you know.
Speaker 11: Really I want to know this is just extra. I
Speaker 11: want to look at stop personality individually. What are the
Speaker 11: things you you as a person, What things you look
Speaker 11: out for? Say, okay, I'm looking at as if first
Speaker 11: sour open Door or ATCHA or any.
Speaker 3: Of these very random stocks.
Speaker 11: What are thinks you look out for before you say
Speaker 11: this stock has motivity and would be something in.
Speaker 22: The future I see.
Speaker 11: And also, do you look at the price for ALIENI visual.
Speaker 3: Day this is a manufactor for you?
Speaker 1: That good question you asked a good question. So again,
Speaker 1: you know when you look at the stock, right you
Speaker 1: your first question is will it n money tomorrow? That's
Speaker 1: your question, will it? And so how do you know
Speaker 1: if the stock will end money tomorrow? Market share? Right here,
Speaker 1: that has market share will win. So before even go
Speaker 1: to the numbers, look at the market share in that sector.
Speaker 1: If it's a growing, if it's a growing market share,
Speaker 1: or it's a still market share, and the products also
Speaker 1: have the still market share, then you're say, okay, that
Speaker 1: is in this tight market, this company has the means
Speaker 1: to hold its own to sell its products and to
Speaker 1: make an aliens gross. You are looking at future endings,
Speaker 1: not then