WEBVTT 1 00:00:07.759 --> 00:00:13.000 Hey folks, good evening and welcome to another money space 2 00:00:13.119 --> 00:00:16.519 with me calu Ada. Apologies for the voice if the 3 00:00:16.600 --> 00:00:20.280 voice is kind of croaky recovering. 4 00:00:19.800 --> 00:00:20.359 From a cold. 5 00:00:20.480 --> 00:00:23.160 So we're gonna try our best today to get through it. 6 00:00:23.320 --> 00:00:26.920 But thank you guys for being here today. We're gonna 7 00:00:27.000 --> 00:00:33.039 talk about building wealth, building weld using equity funds right, 8 00:00:33.840 --> 00:00:36.799 and I advertise this as a space for the very 9 00:00:36.880 --> 00:00:40.920 very young below forty. You guys are gonn understand why 10 00:00:41.039 --> 00:00:43.600 I use that title and why I'm looking for that 11 00:00:43.640 --> 00:00:47.079 demographic as we go along, but everyone can join in 12 00:00:47.759 --> 00:00:50.479 and we're gonna take our time today. I've got tons 13 00:00:50.520 --> 00:00:54.880 of time even after representation. As long as you have questions, 14 00:00:54.880 --> 00:00:57.039 I'm going to be here to take those questions and 15 00:00:57.119 --> 00:00:58.439 try to answer them. 16 00:00:58.679 --> 00:00:59.640 So we've got time. 17 00:01:00.200 --> 00:01:02.679 Also, the space is going to be recorded, so it's 18 00:01:02.719 --> 00:01:06.439 recorded on Twitter, but obviously I have a podcast, so 19 00:01:06.519 --> 00:01:09.480 I'm doing this cross recording also on my podcast, So 20 00:01:09.519 --> 00:01:12.840 once the space is over, you can go to the podcast. 21 00:01:13.000 --> 00:01:14.760 The way I see it is going to be recorded 22 00:01:14.760 --> 00:01:18.000 there also on YouTube, so if you're on YouTube as well, 23 00:01:19.040 --> 00:01:21.640 it will also be recorded on YouTube and YouTube of 24 00:01:21.640 --> 00:01:24.680 because of course has the great visuals, right, so that 25 00:01:24.719 --> 00:01:27.120 way you can sort of follow as. 26 00:01:26.920 --> 00:01:28.280 Well on YouTube. 27 00:01:28.319 --> 00:01:31.400 So we've got those three should we say, three ways 28 00:01:31.400 --> 00:01:33.319 that you're going to have to get us recorded after 29 00:01:33.799 --> 00:01:36.159 and I think they're all going to be fantastic for 30 00:01:36.319 --> 00:01:40.120 you guys to follow what we're done. 31 00:01:40.400 --> 00:01:42.799 So we'll just going to start. It's like I said, 32 00:01:42.840 --> 00:01:43.439 it's going to be. 33 00:01:43.640 --> 00:01:45.879 I want it to be more of like a I 34 00:01:46.079 --> 00:01:49.439 Was the world, like a masterclass style presentation. Right, want 35 00:01:49.480 --> 00:01:52.560 to take our time and walk you guys, slide by 36 00:01:52.680 --> 00:01:56.319 slide what we're trying to say, what we're trying to complicate, 37 00:01:56.359 --> 00:02:01.359 so you guys get exactly you get the letter that 38 00:02:01.359 --> 00:02:04.000 I want to communicate today, right. So I'm going to 39 00:02:04.040 --> 00:02:11.599 be sharing from YouTube the slides onto Twitter. But I 40 00:02:11.639 --> 00:02:13.719 think YouTube is just going to be the best place 41 00:02:13.800 --> 00:02:16.240 for you to get the to see the visual So 42 00:02:16.439 --> 00:02:18.599 if you if you go on the TL, I did 43 00:02:18.599 --> 00:02:21.080 share the link to get to the YouTube and you 44 00:02:21.080 --> 00:02:22.080 can just go over there. 45 00:02:22.719 --> 00:02:23.960 So let's just start off. 46 00:02:24.000 --> 00:02:28.800 The title is called the Rip Van Winkle Portfolio. I E. 47 00:02:28.919 --> 00:02:30.360 Who is Rip van Winkle? 48 00:02:31.680 --> 00:02:34.520 If you know this this this is a guy that essentially 49 00:02:35.039 --> 00:02:39.319 went to sleep for twenty years and woke up after 50 00:02:39.360 --> 00:02:41.560 twenty years. He did nothing. He just woke up after 51 00:02:41.599 --> 00:02:47.919 twenty years and essentially he was away. Twenty years had 52 00:02:47.960 --> 00:02:50.240 gone past. So the way I'm looking at this is 53 00:02:50.280 --> 00:02:54.400 that if you had to invest money for twenty years 54 00:02:54.439 --> 00:02:59.280 without touching it, without doing anything at all, what sort. 55 00:02:59.080 --> 00:03:00.319 Of portfolio build? 56 00:03:00.360 --> 00:03:01.919 Which is what we're going to talk about to that's 57 00:03:01.919 --> 00:03:05.360 always said the guys that are below forty because below 58 00:03:05.439 --> 00:03:11.759 forty implies that you have a long compounding period. Investing 59 00:03:11.879 --> 00:03:15.800 is all about compounding. That's the secret source of investing. 60 00:03:15.800 --> 00:03:20.879 They don't tell you. Albert Einstein said compound interest is 61 00:03:20.919 --> 00:03:23.680 the eighth wond of the world. What he means is 62 00:03:23.719 --> 00:03:31.159 the compounding of interest. We're on Buffett is worth billions 63 00:03:31.319 --> 00:03:36.039 today because he's compounding. The folks that get money and 64 00:03:36.319 --> 00:03:38.280 lose the money like they do will be the play 65 00:03:38.360 --> 00:03:40.879 sports or their actors, and they get money and. 66 00:03:40.840 --> 00:03:41.639 They lose the money. 67 00:03:41.840 --> 00:03:44.639 They lose money not because they didn't invest, is because 68 00:03:44.680 --> 00:03:48.520 they didn't compound the returns from the investing. 69 00:03:49.159 --> 00:03:52.479 So compounding is a secret source of investing. 70 00:03:52.599 --> 00:03:55.240 And this rick by Miracle Possiblity is talking about how 71 00:03:55.280 --> 00:03:59.639 can you compound? Because once you learn how to compound. 72 00:04:00.240 --> 00:04:04.199 You then learn, of course, how to generate wealth. It's 73 00:04:04.240 --> 00:04:08.120 as simple as that. So our next slide we are 74 00:04:08.159 --> 00:04:12.759 now talking around how is weld built. If you're on Twitter, 75 00:04:13.000 --> 00:04:15.319 just flow the slides on Twitter on YouTube. 76 00:04:15.319 --> 00:04:16.720 I'm shure them as I speak. 77 00:04:16.800 --> 00:04:19.879 Right, So we'll have this great infographic here on how 78 00:04:19.920 --> 00:04:23.040 to build wealth. And this is the same in any country, 79 00:04:23.920 --> 00:04:26.600 for any demographic, for anybody. 80 00:04:26.639 --> 00:04:28.639 This is exactly how wealth is built. 81 00:04:28.639 --> 00:04:33.160 In Nigeria, in the US, in Russia, North Korea, wealth. 82 00:04:33.079 --> 00:04:34.639 Is built this exact same way. 83 00:04:35.000 --> 00:04:36.879 If you look at a diagram, you see a big 84 00:04:36.959 --> 00:04:41.560 circle called arn, which means you've got to earn money. 85 00:04:41.639 --> 00:04:43.040 As you've got to earn money. 86 00:04:43.079 --> 00:04:46.199 You can't invest or become wealthy if you don't end money. 87 00:04:46.680 --> 00:04:47.959 Let's use a bad example. 88 00:04:48.240 --> 00:04:51.680 Even when you steal money quote unquote, that's end money. 89 00:04:51.680 --> 00:04:53.560 You've got to get money, right. 90 00:04:53.600 --> 00:04:55.839 If you're a pirate and you are earning goal from 91 00:04:55.920 --> 00:04:59.319 robbing other ships, that's ending money. If you're an entrepreneur 92 00:04:59.680 --> 00:05:04.120 in enter you walk some pays your salary, you're earning money, 93 00:05:04.439 --> 00:05:06.279 and you consider those two little boxes dead. 94 00:05:06.600 --> 00:05:09.519 You've got to spending money. You've got the saving money. 95 00:05:09.759 --> 00:05:12.079 That's where The problem is because when you earn money, 96 00:05:12.199 --> 00:05:15.519 money earning is not welt. You've got to spend. Your 97 00:05:15.600 --> 00:05:18.800 spending is you've got to eat right, so you've got 98 00:05:18.839 --> 00:05:23.040 to eat, and after eating you've got to then invest right. 99 00:05:23.519 --> 00:05:25.279 But that's where we run into the problem. That's where 100 00:05:25.279 --> 00:05:27.399 we have most of the spinancial courses teaching you how 101 00:05:27.480 --> 00:05:30.399 to spend and how to save right, and of course 102 00:05:30.439 --> 00:05:33.600 also how to earn. The simple way to get wealth 103 00:05:33.720 --> 00:05:37.920 is to spend less than you than you earn, because 104 00:05:37.959 --> 00:05:40.000 once you spend less than you earn, of course you 105 00:05:40.040 --> 00:05:44.199 don't have a subplus that you can invest. And if 106 00:05:44.199 --> 00:05:49.040 you invest over time with compounding, then you then create wealth. 107 00:05:49.680 --> 00:05:52.959 So it's the same formula across the world since the 108 00:05:52.959 --> 00:05:56.040 beginning of time till today. You want to start to 109 00:05:56.199 --> 00:06:00.920 earn early, then you want to spend less. Stand you earn, 110 00:06:01.600 --> 00:06:05.040 then you want to invest that balance so that it 111 00:06:05.120 --> 00:06:09.319 can compound for you. It's really that simple. You've got 112 00:06:09.319 --> 00:06:12.639 to earn, you've got to spend less, you've got to invest, 113 00:06:12.720 --> 00:06:15.680 and all these simple sentences have got a whole body 114 00:06:15.720 --> 00:06:18.279 knowledge around them, which is what we're get into today. 115 00:06:18.639 --> 00:06:21.480 So it's very simple process. Read that we're talking about right, 116 00:06:21.959 --> 00:06:23.800 let's go to the next line, and again this is good. 117 00:06:23.800 --> 00:06:25.519 Why this is going to be a RECORDEDS line. So 118 00:06:25.600 --> 00:06:27.199 even in your free time, you can go back and 119 00:06:27.199 --> 00:06:31.279 really take your time to listen to this representation and 120 00:06:31.319 --> 00:06:34.240 to get minuting that you not have gotten this first time. 121 00:06:34.519 --> 00:06:37.160 Right again, if you can't see it on the slides 122 00:06:37.199 --> 00:06:40.000 on Twitter or YouTube, just holler at me, right, harller 123 00:06:40.079 --> 00:06:43.800 at me, and I can get this back for you. Now. 124 00:06:43.879 --> 00:06:47.439 We talked about investing, and we said when I advertised 125 00:06:47.439 --> 00:06:52.639 as I said, forty years and below, why forty years 126 00:06:52.639 --> 00:06:57.480 and below because it's about compounding. Investing is really a 127 00:06:57.600 --> 00:07:01.959 story of compounding. Compounding means interest on your interest. So 128 00:07:01.959 --> 00:07:05.199 look at the slideword sharing the cost of deleted invest 129 00:07:05.199 --> 00:07:07.000 But this is for by book. Let's talk about body 130 00:07:07.319 --> 00:07:11.000 or pay seventy one. If you delay, look look at 131 00:07:11.160 --> 00:07:14.279 if you delay your age, there's a delay slash your age. 132 00:07:14.839 --> 00:07:19.360 So if you start to invest two hundred MIRA two 133 00:07:19.680 --> 00:07:26.759 hundred ira at seven percent from the year twenty in 134 00:07:26.879 --> 00:07:29.839 sixty five years, you're gonna have two hundred thirty nine 135 00:07:30.040 --> 00:07:33.000 Ira two hundred nine thousand ier. So if you just 136 00:07:33.120 --> 00:07:36.360 go to your PFA and you say hey, PFA, take 137 00:07:36.600 --> 00:07:39.439 just two hundred Nira, So if we make it two thousand, 138 00:07:40.040 --> 00:07:44.040 we're gonna get two point three Just take two hundred 139 00:07:44.519 --> 00:07:47.680 or two thousand from my salary, my paycheck every month, 140 00:07:48.199 --> 00:07:51.480 and then invested as a minimum of seven percent in 141 00:07:51.560 --> 00:07:54.920 sixty five years when I retire. Because you're twenty, so 142 00:07:54.959 --> 00:07:58.000 when you're sixty five, when you retire, you're gonna have 143 00:07:58.000 --> 00:08:02.079 two point three million. If you do twenty to twenty thousand, 144 00:08:02.399 --> 00:08:06.800 twenty three million, it's your call. But again, spend and save. 145 00:08:07.800 --> 00:08:10.160 But what if you delay, if you don't start to 146 00:08:10.240 --> 00:08:12.480 invest when you are twenty Let's say you start to 147 00:08:12.480 --> 00:08:15.839 invest when you are thirty five, the same interest rate. 148 00:08:15.879 --> 00:08:18.439 Look at the same interest rate, but you're gonna get 149 00:08:18.480 --> 00:08:23.120 only eighty two thousand NIRA at sixty five years old. 150 00:08:23.439 --> 00:08:25.839 So both of you go into the same company. But 151 00:08:26.040 --> 00:08:28.199 if you get paid the same amount of money, but 152 00:08:28.399 --> 00:08:31.839 you start to do your RSA investment, your retirement service account, 153 00:08:32.080 --> 00:08:34.679 or you're at an investment portfolio, or you put me 154 00:08:34.720 --> 00:08:37.919 in the bag at age twenty or even at eight 155 00:08:38.000 --> 00:08:41.759 twenty one or at twenty twenty five, you will have 156 00:08:41.840 --> 00:08:46.279 more money than the same person invest in the same 157 00:08:46.320 --> 00:08:48.879 amount of money, same interest. 158 00:08:48.600 --> 00:08:53.240 Rate, but he just started later. Look at the middle chat. 159 00:08:53.440 --> 00:08:56.039 If you start investing at eight twenty five, you're gonna 160 00:08:56.039 --> 00:08:58.240 get a hundred seventy thousand. So if you do two 161 00:08:58.320 --> 00:09:01.639 thousand nira, that's one point seven million. Again, if you 162 00:09:01.759 --> 00:09:05.039 wait till you are thirty five, you'd only get eighty 163 00:09:05.120 --> 00:09:09.639 two thousand nira. It's the math, guys. The math how 164 00:09:09.720 --> 00:09:13.639 we calculate inflation and how calculate compound interest is based 165 00:09:13.720 --> 00:09:17.399 on time, not the interest rate. The interest rates of 166 00:09:17.440 --> 00:09:20.559 seven percent is not the issue. The real issue is 167 00:09:20.600 --> 00:09:23.480 the time you start to invest. I told you guys 168 00:09:23.519 --> 00:09:25.759 last week, go to your back and ask your banker, 169 00:09:26.240 --> 00:09:29.720 show me the calculation. How do you guys calculate interest rates? 170 00:09:30.240 --> 00:09:32.000 If they should that you're gonna see it's gonna be 171 00:09:32.080 --> 00:09:36.679 over time raised to power time. That's why time is 172 00:09:36.720 --> 00:09:39.799 the most important feature in your investment journey, not the 173 00:09:39.960 --> 00:09:43.879 interest rate per se, but how long, how early you. 174 00:09:43.919 --> 00:09:45.919 Start, that's going to be the kicker for you. 175 00:09:45.960 --> 00:09:48.759 So it's why if you're below forty, and I told 176 00:09:48.799 --> 00:09:50.639 you guys to come to this space, if you're below forty, 177 00:09:51.080 --> 00:09:54.000 you will have an advantage. You're build an advantage because 178 00:09:54.039 --> 00:09:57.840 if you start today already you have a you are 179 00:09:57.879 --> 00:10:00.399 going to make more money. Don't look at the I, ROB, 180 00:10:00.440 --> 00:10:03.000 you are good to make. Look at the return of investment, 181 00:10:03.360 --> 00:10:07.879 your ROI. It's going to be more than the same 182 00:10:07.960 --> 00:10:12.360 person investing the same amount of money but started later 183 00:10:12.480 --> 00:10:16.440 than you. It's just that simple, guys, It's just that simple. 184 00:10:17.240 --> 00:10:20.039 Let's drill down that point again again. It's another picture 185 00:10:20.080 --> 00:10:23.960 again from my book. Again, let's talk about your money again. Guys. 186 00:10:23.960 --> 00:10:26.200 If I was in the slides just halla last week, 187 00:10:26.200 --> 00:10:28.120 I was going on and some folks didn't see. 188 00:10:27.919 --> 00:10:30.759 The slide and they heard a bit later, but I 189 00:10:30.879 --> 00:10:31.639 was able to correct that. 190 00:10:31.799 --> 00:10:36.480 So again we're on YouTube and we're also on on 191 00:10:37.080 --> 00:10:38.120 so we can see the slides. 192 00:10:38.159 --> 00:10:40.559 Yeah, perfect, guys, I can see the slide. Fantastic. 193 00:10:40.960 --> 00:10:44.039 So let's go back to the picture to slides dia 194 00:10:44.080 --> 00:10:46.440 aground one point four again from my book. Let's talk 195 00:10:46.440 --> 00:10:48.200 about your money. Look at these two brothers, and this 196 00:10:48.279 --> 00:10:51.639 is a great example. Brother A started to invest when 197 00:10:51.679 --> 00:10:57.200 he was twenty one, twenty one. He only invested two 198 00:10:57.240 --> 00:11:03.279 thousand Nira, two thousand dollars. He only invested for ten years. 199 00:11:03.320 --> 00:11:07.200 Only for ten years, so two thousand dollars every year 200 00:11:07.240 --> 00:11:11.120 for ten years, the same interest rate eight percent compounded 201 00:11:12.440 --> 00:11:16.039 over a thirty year period. The brother that's said to 202 00:11:16.039 --> 00:11:19.600 invest when he was twenty one has one hundred and 203 00:11:19.720 --> 00:11:22.600 forty five thousand of one hundred and five thousand n ERA. 204 00:11:23.039 --> 00:11:25.240 But the guy that's staid to invest when he was 205 00:11:25.320 --> 00:11:31.200 thirty one, even though he invested longer, he has ninety 206 00:11:31.240 --> 00:11:34.600 eight thousand. It's the same principle. If you start early, 207 00:11:35.080 --> 00:11:38.679 you make more money. It's not the interest rate. Literally, 208 00:11:38.960 --> 00:11:43.159 this same example, if you double brother b's investment to 209 00:11:43.360 --> 00:11:45.879 four thousand, he still won't meet Brother A. 210 00:11:46.519 --> 00:11:47.480 You can try it yourself. 211 00:11:47.480 --> 00:11:52.159 If you double the investment of brother B to four thousand, 212 00:11:52.240 --> 00:11:53.480 he still wouldn't meet Brother A. 213 00:11:53.600 --> 00:11:58.840 Why brother is monies are investing for him longer. 214 00:11:59.200 --> 00:12:03.639 Because this is com pounding longer, he's getting more money. 215 00:12:04.080 --> 00:12:06.960 So an early start is the circuit source. 216 00:12:07.000 --> 00:12:09.960 That's why the Space today was saying, if you are younger, 217 00:12:10.320 --> 00:12:12.720 you want to join in because when you join in 218 00:12:12.879 --> 00:12:19.039 earlier and you invest earlier, your returns, your principle has. 219 00:12:18.799 --> 00:12:21.440 More time to compound. 220 00:12:21.759 --> 00:12:26.200 It's as simple as that. Right again, I'm during this 221 00:12:26.320 --> 00:12:29.559 point down again with a different slide. This is again 222 00:12:29.639 --> 00:12:32.120 showing you the same thing who showed you able to be. 223 00:12:32.200 --> 00:12:35.320 Look at the graphs. Who has got the highest funds. 224 00:12:35.720 --> 00:12:39.720 The guy that's there to invest it by age twenty five, 225 00:12:40.679 --> 00:12:43.240 he gets the most funds. It's not the guy that's 226 00:12:43.240 --> 00:12:46.320 there to invest at age thirty five. That's the guy 227 00:12:46.360 --> 00:12:48.519 you see in brown. It's not the guy that's there 228 00:12:48.519 --> 00:12:51.039 to invest at a thirty five and any the same 229 00:12:51.080 --> 00:12:51.639 interest rate. 230 00:12:51.679 --> 00:12:52.600 That's the guy in purple. 231 00:12:53.200 --> 00:12:59.000 The largest returns, the largest ROI is from the investor 232 00:12:59.440 --> 00:13:04.679 that starts early, same interest rates. But when you start early, 233 00:13:05.320 --> 00:13:10.039 you make more body because your principal colledpounds more. If 234 00:13:10.080 --> 00:13:11.720 you go to the bank and the bank ts you're 235 00:13:11.720 --> 00:13:15.600 going to compound your interests annually, quarterly, monthly. 236 00:13:16.360 --> 00:13:20.399 When they compound monthly, you get more money. 237 00:13:20.559 --> 00:13:24.159 The same interest rates compounded daily or monthly would earn 238 00:13:24.240 --> 00:13:28.720 more than the same interested compounded annually. That's the beauty 239 00:13:28.759 --> 00:13:32.600 of mathematics and compoundings. That's why Albert Einstein called it 240 00:13:32.840 --> 00:13:35.480 the eighth one of the world. It's also the reverse. 241 00:13:36.039 --> 00:13:41.000 If you borrow money at compounded interest, then your wealth 242 00:13:41.200 --> 00:13:45.279 is degraded faster than someone that does not borrow money. 243 00:13:45.320 --> 00:13:47.039 So it's also the flip side as well. 244 00:13:47.240 --> 00:13:51.039 But when you start to invest earlier, you have an 245 00:13:51.080 --> 00:13:54.960 in built in advantage because you are going to make 246 00:13:55.120 --> 00:13:58.519 more money because of the bird of compounding. So I 247 00:13:58.559 --> 00:14:02.759 hope I've drilled that insufficiently into you. Guys to say, hey, 248 00:14:03.200 --> 00:14:05.960 whatever you're doing. You can say I don't have money. 249 00:14:06.240 --> 00:14:08.480 You can say I want to wait till I get money. 250 00:14:08.559 --> 00:14:10.320 You can say I want to wait till I marry. 251 00:14:10.440 --> 00:14:13.240 You have to start to invest as soon as possible. 252 00:14:13.519 --> 00:14:17.480 Somebody is asking me, I'm forty five, I want to invest. Yes, 253 00:14:17.519 --> 00:14:20.360 you can invest, but you've lost a bit of the 254 00:14:20.519 --> 00:14:26.960 compounding advantage. You can still invest, you can raise your principle, right, 255 00:14:27.360 --> 00:14:29.960 but you've lost a bit of that companent advantage. That's 256 00:14:29.960 --> 00:14:33.080 a point. But you don't stop investing. So now let's 257 00:14:33.080 --> 00:14:37.879 know to the next part of this presentation. How before 258 00:14:37.919 --> 00:14:40.159 you invest? You know, we have know what kind of 259 00:14:40.200 --> 00:14:43.919 investor you are and why are we asking you to 260 00:14:43.960 --> 00:14:47.320 go to the equities market. So if you have the knowledge, 261 00:14:47.399 --> 00:14:49.639 let's say you're a banker or you're a stockbroker, so 262 00:14:49.679 --> 00:14:52.559 you have the knowledge about investing, fantastic. So look at 263 00:14:52.600 --> 00:14:56.240 my flow chat. I have the knowledge about investing fantastic. 264 00:14:56.720 --> 00:15:00.159 Do I have the time, yes, fantastic. Can I take 265 00:15:00.240 --> 00:15:02.600 high risk? Yes? Then I go straight to stock You 266 00:15:02.600 --> 00:15:04.360 see how with the flu chat is going to take 267 00:15:04.399 --> 00:15:07.240 you to way if you invest. But let's say I 268 00:15:07.279 --> 00:15:10.320 have the knowledge, Do I have the time? No? 269 00:15:11.840 --> 00:15:14.559 Am I interested in the cost of investing? 270 00:15:14.720 --> 00:15:18.320 Yes? So I go to passive income or an active 271 00:15:18.399 --> 00:15:22.080 mutual fund. I'm gonna explain what passive income, what index funding, 272 00:15:22.440 --> 00:15:24.080 and what an active mutual fund means. 273 00:15:24.080 --> 00:15:27.080 Don't worry about that. But this is trying to show 274 00:15:27.080 --> 00:15:28.679 you that you should. 275 00:15:28.399 --> 00:15:33.480 Invest according to your own peculiar objective. If you do 276 00:15:33.480 --> 00:15:38.000 not have the time or the knowledge to invest, then 277 00:15:38.039 --> 00:15:41.320 of course an index fund is gonna be your best friend. 278 00:15:42.000 --> 00:15:44.399 You don't have the time, you don't have the knowledge, 279 00:15:44.600 --> 00:15:48.200 but you have the means to invest, and index funds 280 00:15:48.200 --> 00:15:51.240 works best for you. But you have the knowledge, you 281 00:15:51.320 --> 00:15:54.240 have the time, You're gonna havefort to take your own risk. Sure, 282 00:15:54.320 --> 00:15:57.120 go on by your individual stocks. So there's no right 283 00:15:57.360 --> 00:16:00.840 or wrong answer in investing. Index foe are not better 284 00:16:00.879 --> 00:16:04.360 than individual's stocks. But do you have the time the 285 00:16:04.519 --> 00:16:07.039 knowledge that are you worried about the cost or risk 286 00:16:07.120 --> 00:16:08.279 to invest. 287 00:16:07.879 --> 00:16:11.759 On your own. That's the question you want to ask yourself. 288 00:16:11.799 --> 00:16:14.080 And if you get that answer, it then takes you 289 00:16:14.159 --> 00:16:15.960 to where we are taking you to today, which is 290 00:16:15.960 --> 00:16:18.639 going to be we want you to look at index funding, 291 00:16:19.320 --> 00:16:23.200 equity index funding as your path way to get wealth. 292 00:16:24.200 --> 00:16:28.000 The greatest investor, at least in my lifetime, and I 293 00:16:28.039 --> 00:16:31.720 would even argue in the lifetime of modern investing, he says, 294 00:16:31.759 --> 00:16:35.159 a guy called mister Warren Buffett. So when somebody is 295 00:16:35.200 --> 00:16:37.759 this good in investing, we have to listen to what 296 00:16:37.840 --> 00:16:40.039 he says, right, I just to get his scent on 297 00:16:40.200 --> 00:16:44.600 things right. So when Buffett said, put ten, he then 298 00:16:44.679 --> 00:16:47.879 asked him how should we invest? What's the best way 299 00:16:47.879 --> 00:16:51.399 to invest? Give us your your DNA, He said, put 300 00:16:51.480 --> 00:16:54.240 ten percent of your cash in short term government bonds 301 00:16:54.639 --> 00:16:58.840 and ninety percent in a low cost equity fund s 302 00:16:58.879 --> 00:17:02.000 and P five hundred four It means equity fund So 303 00:17:02.080 --> 00:17:05.720 the S and P is the fund that tracks the 304 00:17:05.759 --> 00:17:09.480 stand and Poors index of the top five hundred companies 305 00:17:09.519 --> 00:17:12.160 in America. So what he's saying is I take nineteen 306 00:17:12.200 --> 00:17:15.519 percent of your funds and just buy all the stocks 307 00:17:15.559 --> 00:17:18.200 that are quote unquote big and good in America and 308 00:17:18.240 --> 00:17:22.200 then put ten percent in cash in government bounds wide safety, 309 00:17:22.279 --> 00:17:25.680 so that's his insurance ninety ten. So war on Buffett, 310 00:17:25.680 --> 00:17:29.519 that does all these sophisticated deals, is telling us, listen, 311 00:17:29.920 --> 00:17:31.960 you guys might not have the knowledge know that I have. 312 00:17:32.440 --> 00:17:34.400 You might not have the time that I have, So 313 00:17:34.440 --> 00:17:38.079 I advice you we just do ninety ten mighty inequities, 314 00:17:38.759 --> 00:17:41.240 low cost equity. 315 00:17:40.839 --> 00:17:44.000 Fund and ten percent in cash. That's what he's saying. 316 00:17:45.160 --> 00:17:48.000 So of course, basically listen to what he's saying, should 317 00:17:48.000 --> 00:17:51.119 recopy it, but at least let's listen to what he 318 00:17:51.160 --> 00:17:53.400 has said. Right, That's what war on Buffet is that 319 00:17:53.599 --> 00:17:55.920 it didn't say go and buy hedge funds. It is 320 00:17:55.920 --> 00:17:57.759 say going and buy crypto. This is what he's saying 321 00:17:57.759 --> 00:17:59.920 we should do with our funds, which is very very 322 00:18:00.079 --> 00:18:00.799 trusting to note. 323 00:18:00.880 --> 00:18:05.200 Right, So now what is an index fund? Because one 324 00:18:05.279 --> 00:18:05.839 both is the same. 325 00:18:05.920 --> 00:18:08.599 Buy an SMP five hundred phone, which is like an 326 00:18:08.599 --> 00:18:12.000 index phone. So what is an index phone? An index one? 327 00:18:12.079 --> 00:18:14.599 Essentially it is like a basket. Right, You you go 328 00:18:14.680 --> 00:18:16.440 to them, you go to the to the market, You 329 00:18:16.480 --> 00:18:18.480 take a basket and you buy all the things you like. 330 00:18:18.519 --> 00:18:21.839 You put tomatos yam, you put everything in the market 331 00:18:22.440 --> 00:18:23.279 in that basket. 332 00:18:23.599 --> 00:18:24.799 Then you buy the basket. 333 00:18:25.119 --> 00:18:27.720 So you say, hey, you put your tomato here, put 334 00:18:27.759 --> 00:18:29.920 your meat, put your fish, put your everything in the basket. 335 00:18:30.440 --> 00:18:35.519 That index phone is tracking everything in the market. So 336 00:18:35.559 --> 00:18:39.240 when you buy the index foone, you are buying whatever 337 00:18:39.480 --> 00:18:41.359 the index font has already bought. 338 00:18:41.599 --> 00:18:44.799 So in the in the example give you said buy 339 00:18:44.839 --> 00:18:46.319 the S and P. 340 00:18:46.279 --> 00:18:49.480 Five hundred, which means that once you buy that index 341 00:18:49.559 --> 00:18:51.960 fund that attracts the S and P five hundred, you 342 00:18:52.039 --> 00:18:56.200 have bought a fractional share of five hundred of the 343 00:18:56.319 --> 00:18:58.680 largest companies by market capelation in America. 344 00:18:59.440 --> 00:19:01.720 Simple to look. 345 00:19:01.599 --> 00:19:06.039 At that slide, investing index fods might not be all 346 00:19:06.160 --> 00:19:09.559 that exciting, then it says, that's the point. It gives 347 00:19:09.559 --> 00:19:13.359 you broad exposure to the market to assets. I will 348 00:19:13.559 --> 00:19:16.799 ensure your wealth crews over time. So when you buy 349 00:19:16.799 --> 00:19:19.759 the index number, you are buying everything into one basket. 350 00:19:19.839 --> 00:19:23.880 Number one, you are buying everything which little amount of money. 351 00:19:23.920 --> 00:19:25.920 If you can imagine you go to mile twelve, you 352 00:19:25.960 --> 00:19:31.359 want to buy tomato, fish, yam to metal, engine oil, rice, 353 00:19:31.440 --> 00:19:34.160 all that stuff has an engine oil, all that stuff. Yeah, 354 00:19:34.519 --> 00:19:36.480 how much you think you take to the market to 355 00:19:36.519 --> 00:19:39.240 two millions. But what is a toy that you could 356 00:19:39.240 --> 00:19:42.119 pay five hundred n era And with that five hundred, 357 00:19:42.160 --> 00:19:44.559 I don't give you one slice of tomato, one slice 358 00:19:44.599 --> 00:19:46.920 of fish, one slices of meat like that. 359 00:19:46.920 --> 00:19:48.279 That's what an index fund is. 360 00:19:48.519 --> 00:19:52.079 You are buying the basket that contains all those assets already. 361 00:19:52.720 --> 00:19:55.960 So because you are buying them, it reduces your cost 362 00:19:56.079 --> 00:20:02.279 of buying it automatically diversifies what you are holding, and 363 00:20:02.319 --> 00:20:05.880 you are buying it cheaper, so you will not beat 364 00:20:05.960 --> 00:20:08.400 the market. So when you buy the index funds, right, 365 00:20:08.640 --> 00:20:11.240 you're not going to say the index fone cannot do 366 00:20:11.799 --> 00:20:14.480 ten percent and the market is doing five percent. 367 00:20:14.799 --> 00:20:16.319 It does in the work that way. You are going 368 00:20:16.359 --> 00:20:16.640 to be. 369 00:20:16.720 --> 00:20:19.359 In line with the market because the market is doing 370 00:20:19.400 --> 00:20:22.720 twenty percent, and you own every stock in the market, 371 00:20:22.759 --> 00:20:26.799 so you also do twenty percent. Get the point, So 372 00:20:27.000 --> 00:20:29.000 that's why you should go to because you don't have 373 00:20:29.079 --> 00:20:33.480 the time, the knowledge of the expertise like mister Warren 374 00:20:33.519 --> 00:20:36.400 Buffett to start buying individual stocks. 375 00:20:36.599 --> 00:20:37.240 So you want to. 376 00:20:37.160 --> 00:20:40.960 Buy the index because the index then shows you it 377 00:20:40.960 --> 00:20:46.200 gives you exposure to all those funds at a very 378 00:20:46.279 --> 00:20:49.480 very cheap price. So I hear some folks that askib 379 00:20:49.640 --> 00:20:54.160 last week as well, what's the difference between a mutual 380 00:20:54.240 --> 00:20:57.640 fund and an ETF that because you hear me say, 381 00:20:57.640 --> 00:21:00.839 sometimes buy the ETF, but they go so niger they 382 00:21:00.839 --> 00:21:02.440 see mostly neutral funds. 383 00:21:02.680 --> 00:21:05.799 What's the difference in the mutual fund and ETF? 384 00:21:06.240 --> 00:21:10.640 So remember the index phone can buy the mutual fund 385 00:21:10.680 --> 00:21:13.680 can buy the index fund. The ETF can buy the 386 00:21:13.759 --> 00:21:16.240 index front. No difference there. They can both buy the 387 00:21:16.319 --> 00:21:19.279 index phone. But what's the difference between the ETF and 388 00:21:19.400 --> 00:21:22.279 mutual fund? Really they are the same, Really are the same. 389 00:21:22.680 --> 00:21:28.480 The key difference is that the ETF means exchange traded fund. 390 00:21:28.920 --> 00:21:32.279 What means you can buy and sell the ETF during 391 00:21:32.440 --> 00:21:35.599 the trading day. So if you buy it also stock 392 00:21:35.640 --> 00:21:41.119 called Nigeria thirty. If you buy mutual fund Nigeria thirty, 393 00:21:41.559 --> 00:21:44.640 you can only know the price at the close of 394 00:21:44.720 --> 00:21:45.119 the day. 395 00:21:45.680 --> 00:21:46.720 But if you buy an. 396 00:21:46.599 --> 00:21:50.160 ETF Nigeria thirty during the day, you can buy and 397 00:21:50.240 --> 00:21:52.000 sell those stocks during the day. 398 00:21:52.640 --> 00:21:53.759 That's the key difference. 399 00:21:53.720 --> 00:21:55.559 The rest is going to be a bit trust deed 400 00:21:56.039 --> 00:21:59.559 and how they are managed actively. Yes, those are all differences, 401 00:21:59.680 --> 00:22:02.400 but that's the key difference with the mutual fund and 402 00:22:02.480 --> 00:22:06.559 the ETA In America, ETF also have tax advantages that 403 00:22:06.599 --> 00:22:09.119 make it more attractive that mutual funds. 404 00:22:09.359 --> 00:22:12.519 So ETFs are the growing ass a class in America. 405 00:22:13.119 --> 00:22:16.000 In Nigeria not so the ETF market that is very 406 00:22:16.079 --> 00:22:20.039 very limited of volume. So we have ETFs, but I 407 00:22:20.359 --> 00:22:22.640 noticed that the volume of trade in the ETFs place 408 00:22:22.759 --> 00:22:25.960 Niger is very very low. And most mutual funds in 409 00:22:26.000 --> 00:22:29.359 Niger that call themselves ecutive funds have a huge experience to. 410 00:22:29.359 --> 00:22:30.319 Also fixed income. 411 00:22:30.680 --> 00:22:34.039 So some difference is there, right, But I prefer et 412 00:22:34.200 --> 00:22:37.359 has got the tax considerations. But in Nigeria you're gonna 413 00:22:37.400 --> 00:22:41.079 have mostly mutual funds that buy the index. So again 414 00:22:41.160 --> 00:22:42.920 keep that in mind as well. None of it's not 415 00:22:42.920 --> 00:22:45.400 a huge difference. It's not going to change what we're 416 00:22:45.440 --> 00:22:47.400 doing today. Right, It's just going to give you the 417 00:22:47.440 --> 00:22:50.039 appae to say, hey, I want to buy equities through 418 00:22:50.119 --> 00:22:53.720 this field or I want to buy active true field. 419 00:22:53.960 --> 00:22:54.200 Again. 420 00:22:54.240 --> 00:22:57.160 This just it's like just just to confirm what we're 421 00:22:57.160 --> 00:23:01.279 talking about. Again, the mutual funds can invest in the 422 00:23:01.279 --> 00:23:05.359 index and also the ETFs can also invest in the index, 423 00:23:05.559 --> 00:23:08.400 So anywhere you want to go, you are still going 424 00:23:08.440 --> 00:23:13.400 to get that exposure to diversification at a lower cost. 425 00:23:13.440 --> 00:23:14.759 That's what we're going to today. 426 00:23:15.359 --> 00:23:19.319 Diversification at the lower cost that compounds. 427 00:23:19.720 --> 00:23:21.160 That's the secret source today. 428 00:23:21.200 --> 00:23:27.200 Diversification at the lower cost that compounds. That's what I 429 00:23:27.319 --> 00:23:30.079 do today. And guys, I'll be done pretty soon. I'll 430 00:23:30.119 --> 00:23:32.200 give you guys the theory of what I'm talking about. 431 00:23:32.200 --> 00:23:34.319 And if you guys, guys have questions, just go ahead 432 00:23:34.319 --> 00:23:36.480 and request to speak and I'll add you know other problem. 433 00:23:36.640 --> 00:23:39.440 Just I just at everyone, and then once we're done, 434 00:23:39.599 --> 00:23:41.839 we have the visuals, then we can ask that question. 435 00:23:41.880 --> 00:23:44.559 Like I said, I'm here all day, no rush, I'm 436 00:23:45.319 --> 00:23:47.319 going from a call, so I'm gonna just stay indoors 437 00:23:47.359 --> 00:23:50.599 and just speak with you guys. Right, So let's go 438 00:23:50.720 --> 00:23:54.079 now to this veryther exciting slide. So mister Warren, no, 439 00:23:54.119 --> 00:23:57.240 mister Warren Buffett, give a suggestion that if you want 440 00:23:57.279 --> 00:24:00.680 to invest, you only should put ten percent in a 441 00:24:00.720 --> 00:24:05.960 government bond and ninety percent in an SMP five hundred 442 00:24:06.119 --> 00:24:09.799 index fund. That's not a sexy recommendation. It's a very 443 00:24:09.960 --> 00:24:14.599 very boring recommendation. He's saying, don't trade. That's what I 444 00:24:14.839 --> 00:24:17.440 want to cover, is saying. He's saying, don't trade. Take 445 00:24:17.480 --> 00:24:20.119 your money, put it in an index phone. Index one 446 00:24:20.200 --> 00:24:21.839 is not going to be trade. Just leave it there. 447 00:24:22.480 --> 00:24:24.680 Every year you make what the market has made. There's 448 00:24:24.720 --> 00:24:25.519 no risk if the. 449 00:24:25.440 --> 00:24:28.079 Market crashes, you crash. The market goes up. He goes up, 450 00:24:28.400 --> 00:24:30.720 so one guy, and he put a bet. He puts 451 00:24:30.720 --> 00:24:34.319 a bet, mister Warren Buffett says, I bet you. He 452 00:24:34.440 --> 00:24:38.200 tell I bet with the investment community that over a 453 00:24:38.319 --> 00:24:42.440 ten year period, let's put money in an index phone. 454 00:24:42.480 --> 00:24:45.519 You guys, go put money in your hedgephone. He says, 455 00:24:45.680 --> 00:24:47.039 I will make more money. 456 00:24:47.039 --> 00:24:47.359 I not. 457 00:24:47.519 --> 00:24:52.039 I the index fund will make more money than the 458 00:24:52.079 --> 00:24:55.079 hedge phones. Hedgephones are the death cradle a cream of 459 00:24:55.119 --> 00:24:58.680 investing that they did Nobel prize guys in in finance, 460 00:24:58.680 --> 00:25:01.079 the guys that have to braise the the knowledge. So 461 00:25:01.119 --> 00:25:04.880 if you want to really know who is the ten 462 00:25:04.920 --> 00:25:07.000 pound going and the room investing, it's gonna get a 463 00:25:07.039 --> 00:25:10.599 hedge fund guy. But Buffett is saying that if you 464 00:25:10.880 --> 00:25:15.759 simply take money and buy the index indexes, the boring 465 00:25:16.480 --> 00:25:19.440 replication of just the index, just buy that, you will 466 00:25:19.480 --> 00:25:23.720 make more money than all the advisors over a ten 467 00:25:23.799 --> 00:25:27.200 year period, net of fees. That was that was the guy. 468 00:25:27.279 --> 00:25:29.759 The gamble and this guy took up the took up 469 00:25:29.799 --> 00:25:34.599 the gamble. Proteeship Partners took up the gamble. So who 470 00:25:34.640 --> 00:25:38.480 do you guys think won this competition? Did the index 471 00:25:38.559 --> 00:25:43.880 fund win or did the proteg partners LLC Hedge fund win? 472 00:25:43.920 --> 00:25:45.319 Who do you guys think want this comption? 473 00:25:45.400 --> 00:25:47.720 We're gonna find out at the end, and it's gonna 474 00:25:47.720 --> 00:25:50.480 be very interesting who won. Right, But that's the bet 475 00:25:50.519 --> 00:25:53.400 that were Buffett was so sure of himself he said, listen, 476 00:25:53.880 --> 00:25:55.400 I'm not gonna tell you what I'm not gonna be 477 00:25:55.400 --> 00:25:58.519 sure of. I'm gonna put my money put down where 478 00:25:58.519 --> 00:26:01.160 it is to the price money was two point two 479 00:26:01.279 --> 00:26:04.119 million dollars. Guys, it's not like better. I'll buy you 480 00:26:04.200 --> 00:26:08.920 be a two point two million dollar bet and who 481 00:26:08.960 --> 00:26:11.400 would make more money? Index funding or going through a 482 00:26:11.480 --> 00:26:13.880 h phone And we'll find out who won later on 483 00:26:13.880 --> 00:26:14.519 in the slide. 484 00:26:14.680 --> 00:26:14.880 Right. 485 00:26:15.720 --> 00:26:17.960 So now let's now come into the what I call 486 00:26:18.119 --> 00:26:22.240 the number side of the equation. I think I've tried 487 00:26:22.279 --> 00:26:25.839 to make the case in the earlier part of the pot. Listen, 488 00:26:26.640 --> 00:26:31.119 you want to start early, number one, Number two, you 489 00:26:31.200 --> 00:26:33.960 want to start early, but you want to invest in 490 00:26:34.000 --> 00:26:37.319 an index fund, and that index phone can be tracked 491 00:26:37.319 --> 00:26:39.240 through an ATF or. 492 00:26:39.200 --> 00:26:39.960 A mutual fund. 493 00:26:40.000 --> 00:26:42.680 That's what I tried to make I tried to expect 494 00:26:42.720 --> 00:26:45.480 you guys so far. So number one, we want to 495 00:26:45.480 --> 00:26:49.119 start early. Number two we want to compound. Number three, 496 00:26:49.319 --> 00:26:51.640 we want to invest an index phone and that index 497 00:26:51.720 --> 00:26:53.960 pone can be an ATF or mutual phone. 498 00:26:54.160 --> 00:26:57.160 Okay, but what do we buy in this index one? 499 00:26:57.240 --> 00:26:58.960 Can? What should we buy? 500 00:26:59.119 --> 00:26:59.359 Well? 501 00:26:59.400 --> 00:27:01.240 To know what you want to buy, you want to 502 00:27:01.240 --> 00:27:06.000 look at what has made money before. Abby. Remember, in investing, 503 00:27:06.400 --> 00:27:10.559 we say past performance is not a guarantee of future profits. 504 00:27:11.319 --> 00:27:14.000 So full disclosure, I've said that. But we want to 505 00:27:14.000 --> 00:27:17.039 see what has happened in the past to guide us 506 00:27:17.079 --> 00:27:20.160 perhaps or to give us a sense of history. So 507 00:27:20.240 --> 00:27:22.000 let's go and look at what has happened in the past. 508 00:27:22.079 --> 00:27:24.880 Right now, we hear stocks that down, boards, gold is 509 00:27:24.960 --> 00:27:27.720 up and all that. There's a nice chat that shows 510 00:27:27.759 --> 00:27:29.640 the retorts over five years. 511 00:27:30.119 --> 00:27:33.960 I can do the work for twenty years or more. 512 00:27:34.599 --> 00:27:37.519 It's all going to be the same story. 513 00:27:37.640 --> 00:27:41.559 If you look over five year period, the asset class 514 00:27:41.559 --> 00:27:46.440 that has beaten inflation and has delivered the highest return, 515 00:27:46.640 --> 00:27:50.319 the asset class is going to be US stocks, And 516 00:27:50.359 --> 00:27:53.880 in this chart, there isn't VTI, there'sn't atfs to capture 517 00:27:54.519 --> 00:27:58.119 the asset class. So there isn't VTI, which is about 518 00:27:58.160 --> 00:28:01.160 forty five hundred of the largest talks in America. Just 519 00:28:01.200 --> 00:28:05.039 America is all right, has been the most consistent for further, 520 00:28:05.599 --> 00:28:09.440 over a five year period has been inflation, which infliction 521 00:28:09.519 --> 00:28:13.759 on US inflation. Dollar inflation has built inflation and has 522 00:28:13.839 --> 00:28:17.440 has delivered both returns over a five year period. What 523 00:28:17.720 --> 00:28:21.440 next world? That has been the next world commodities, So 524 00:28:21.519 --> 00:28:24.599 your your gold adult has better commodities. But again look 525 00:28:24.640 --> 00:28:27.359 at commodities, it's a recent guy. This year. 526 00:28:28.160 --> 00:28:30.000 Over the years, it hasn't done that well. 527 00:28:30.839 --> 00:28:35.079 Stocks this seventeen percent, seventeen percent, twenty two percent over 528 00:28:35.119 --> 00:28:39.079 three years. So even though today you see US talks 529 00:28:39.079 --> 00:28:44.160 are down, over a long period, over the trend, if 530 00:28:44.160 --> 00:28:45.960 you go back to nineteen twenty eight, you're going to 531 00:28:45.960 --> 00:28:47.880 get the great crash, You're going to get the gold 532 00:28:47.960 --> 00:28:50.839 for you're going to get the recessions. But over time, 533 00:28:51.559 --> 00:28:55.720 that particular asset class has delivered returns that have bitten 534 00:28:55.839 --> 00:29:00.319 inflation in their own currency over time. And if you 535 00:29:00.400 --> 00:29:02.839 google or if you go google, your time Google Google 536 00:29:02.880 --> 00:29:04.799 what askeclas has mutedufication over time? 537 00:29:05.039 --> 00:29:07.839 You're going to get the same answer hearing year old. 538 00:29:08.559 --> 00:29:11.279 Right, So it gives us a bit of history that 539 00:29:11.319 --> 00:29:14.200 this asset class tends to do very, very well. Remember 540 00:29:14.240 --> 00:29:18.720 what's the type of our postition? They rip Van Winkle portfolio? 541 00:29:19.200 --> 00:29:22.680 What can we invest in that if we go to sleep, 542 00:29:23.039 --> 00:29:27.319 I e. If we call poud, we can't make body. 543 00:29:27.759 --> 00:29:29.880 We don't want what I'm going to invest in today, 544 00:29:30.559 --> 00:29:33.519 I make moaning tomorrow. That's not compounding. Remember we talked 545 00:29:33.519 --> 00:29:37.640 about compounding is a secret sauce. But I did say it. 546 00:29:37.720 --> 00:29:40.640 Mister Warrew Buffett said it. Lots of folks have said it. 547 00:29:40.680 --> 00:29:44.799 So compounding is the secret sauce. Let's look at this 548 00:29:45.599 --> 00:29:48.839 again for my book. Let's talk about your body. Let's 549 00:29:48.880 --> 00:29:54.359 look at US market returns from nineteen twenty eight till 550 00:29:54.400 --> 00:29:58.440 twenty twenty nineteen twenty eight. Those diget that twenty eight 551 00:29:58.680 --> 00:30:01.279 I twenty eight twenty two. Let's look at the market 552 00:30:01.319 --> 00:30:04.960 trators will compare the typeframe. Look at the typeframe there 553 00:30:05.799 --> 00:30:09.359 twenty two and all that, and were compare that type 554 00:30:09.400 --> 00:30:14.680 frame with stocks, bonds, cash and inflation. So if you 555 00:30:14.680 --> 00:30:17.759 look at twenty eight. Nineteen forty one Winnebecca had the 556 00:30:17.799 --> 00:30:22.279 great financial crash. Stocks did not beat inflation, so stocks 557 00:30:22.279 --> 00:30:22.960 were negative. 558 00:30:23.440 --> 00:30:25.319 Inflation was also negative. 559 00:30:25.400 --> 00:30:28.079 Right, Bonds were the king because that was when we 560 00:30:28.160 --> 00:30:32.079 had the market crash, so nobody wanted to take risks 561 00:30:32.079 --> 00:30:36.599 and everyone ran to bonds. From forty two to sixty eight, 562 00:30:37.680 --> 00:30:42.960 stocks did fourteen percent inplicire dd three percent. Since ninety 563 00:30:43.000 --> 00:30:46.039 seventy seven, stocks did two point nine inflicire day six 564 00:30:46.079 --> 00:30:49.759 point four, So in stocks did not bit inflation. Seventy 565 00:30:49.839 --> 00:30:53.559 eight to ninety nine stock did seventeen percent inplicient did 566 00:30:53.599 --> 00:30:56.960 four point seven two thousand. Stock did not bait inflation 567 00:30:57.160 --> 00:31:01.640 one negative two thousand and nine. Till twenty twenty, stocks 568 00:31:01.640 --> 00:31:05.160 have bitter inflation fourteen percent official one point six percent, 569 00:31:05.200 --> 00:31:07.880 even if you go now, if you're extra relative till today, 570 00:31:08.599 --> 00:31:12.279 stocks US talks have beaten inflation for the save for 571 00:31:12.319 --> 00:31:14.279 the last two or three years old we had this 572 00:31:14.440 --> 00:31:19.680 disruption in terms of trade, inflation and COVID. The point 573 00:31:19.759 --> 00:31:22.799 I'm trying to make is that this particular asset class 574 00:31:22.839 --> 00:31:27.799 over time seems to be either beaten inflation or seems 575 00:31:27.799 --> 00:31:29.279 to be in live with inflation. 576 00:31:29.400 --> 00:31:29.960 You can see the. 577 00:31:30.000 --> 00:31:33.079 Same for many many countries or many indexes. You can 578 00:31:33.160 --> 00:31:35.839 see the same. Why this whilch, particularly if you just 579 00:31:35.920 --> 00:31:39.039 buy something, it allows you to beat inflation. 580 00:31:39.160 --> 00:31:42.200 It's very hard to find that an inficion is the enemy. 581 00:31:43.119 --> 00:31:45.920 If there was no inflation, we won't bother to save, 582 00:31:46.880 --> 00:31:48.680 will beorrow to invest a made We'll just leave a 583 00:31:48.759 --> 00:31:52.519 body in our pillows and spend what we have saved. 584 00:31:52.880 --> 00:31:55.960 It's because of inflation that we invest. Because if you 585 00:31:56.000 --> 00:31:58.880 take a million dira and you don't invest it, it 586 00:31:58.920 --> 00:32:02.599 becomes five in ten years. So you have to invest, 587 00:32:02.640 --> 00:32:05.079 to take a risk to grow. That word belout I 588 00:32:05.200 --> 00:32:09.200 in bit inflation. So what guys to be a said 589 00:32:09.319 --> 00:32:12.079 Calu admit, I want to do what you're saying, right, 590 00:32:12.240 --> 00:32:17.400 but I don't have the skill, I don't have the time, 591 00:32:18.079 --> 00:32:20.359 I don't want to I don't know what I'm doing. 592 00:32:20.839 --> 00:32:25.039 I'm just a quote unquote lawyer or acounter or architect 593 00:32:25.160 --> 00:32:27.720 or whatever. I don't know what you're saying. Is there 594 00:32:27.759 --> 00:32:30.880 a simple way for me to. 595 00:32:30.799 --> 00:32:31.240 Do this day? 596 00:32:31.279 --> 00:32:34.240 You said that I can just take body, just do this, 597 00:32:34.319 --> 00:32:37.160 stay and forget about it. I would advise that I 598 00:32:37.160 --> 00:32:39.799 will say, try to understand what you're doing. But because 599 00:32:39.799 --> 00:32:44.160 you are asking, yes, there's a simple way to invest 600 00:32:45.640 --> 00:32:49.839 that you can capture the compartner. I'm talking about, capture 601 00:32:49.880 --> 00:32:53.720 the risk and put in the portfolio. I call it 602 00:32:53.799 --> 00:32:56.079 my the Rip Van Winkle Portfolio against in my book. 603 00:32:56.119 --> 00:32:58.160 Right. And if you look at what we've done here, 604 00:32:58.279 --> 00:33:00.480 there are four there. 605 00:33:01.440 --> 00:33:04.200 Any investment you make is not going to be what 606 00:33:04.240 --> 00:33:09.759 we call a fixed return or variable return. Any investment, 607 00:33:10.160 --> 00:33:14.000 if you buy bitcoin, it's variable. If you buy property 608 00:33:14.160 --> 00:33:17.160 is fixed. Any return you make is not going to 609 00:33:17.160 --> 00:33:21.480 be fixed or variable. Bonds are fixed because the returns 610 00:33:22.000 --> 00:33:24.160 they'll tell you we're going to pay you ten percent 611 00:33:24.359 --> 00:33:28.960 every year. That's fixed return. Property and equity is. Stocks 612 00:33:29.039 --> 00:33:31.119 are not fixed because they can't tell you what I'm 613 00:33:31.160 --> 00:33:33.440 gonna pay you. There are similis who are going to 614 00:33:33.480 --> 00:33:35.640 pay you a dividend every year, but they can't tell 615 00:33:35.720 --> 00:33:37.759 you what they're going to pay you. So you only 616 00:33:37.839 --> 00:33:42.440 have two types of investments. One is fixed, one is variable. 617 00:33:42.720 --> 00:33:45.880 That's what we've done here. So in the fixed and variable, 618 00:33:46.119 --> 00:33:50.880 we've also created two columns, one for the US one 619 00:33:50.960 --> 00:33:51.880 when the UX. 620 00:33:52.480 --> 00:33:53.680 So it's what we've done here. 621 00:33:54.160 --> 00:33:56.680 Will tell you that there are only four investments you 622 00:33:56.720 --> 00:34:01.400 can bike on Earth and you've you've covered every investment 623 00:34:01.440 --> 00:34:07.720 class of just four one on that variable income equity 624 00:34:08.440 --> 00:34:13.119 vt I vt I v deals based Vanguard vagats are 625 00:34:13.159 --> 00:34:17.440 the largest brokerage house of the world. So when you 626 00:34:17.480 --> 00:34:19.920 see me using Vanguard is because they have the cheap 627 00:34:20.599 --> 00:34:23.760 expense ratio. You are going to buy the exact same 628 00:34:23.800 --> 00:34:27.920 stocks in other index folts, but Vagat is cheap. So 629 00:34:27.960 --> 00:34:29.679 if you're going to buy the exact same day, why 630 00:34:29.840 --> 00:34:32.079 go buy it anywhere with bos pasive That's why it 631 00:34:32.119 --> 00:34:32.719 was in VAGAD. 632 00:34:33.079 --> 00:34:36.360 They're not payin US, so it's Vangard VTI. 633 00:34:37.679 --> 00:34:40.760 That's US talks about forty five NRED the best US talks. 634 00:34:41.119 --> 00:34:45.599 Do you see that vx US is Vanguard International Stocks 635 00:34:45.599 --> 00:34:49.400 minus the US, So you've got to trustes there for 636 00:34:49.519 --> 00:34:54.119 equities vt I v x U S So either buying 637 00:34:54.119 --> 00:34:57.639 the US or you're not buying the US simple, But 638 00:34:57.840 --> 00:35:02.079 on that variable then you come to instead that you're 639 00:35:02.079 --> 00:35:07.320 buying to BND which is US issued fixed income, or 640 00:35:07.559 --> 00:35:10.440 you are not buying US. It should fix on who 641 00:35:10.480 --> 00:35:15.039 is going to be bnd X four options for you. 642 00:35:15.639 --> 00:35:18.119 So if you're a younger person, there's this rue weed 643 00:35:18.159 --> 00:35:21.400 to invest. If you are younger, you take one hundred 644 00:35:21.880 --> 00:35:24.760 and you min us your age from one hundred. The 645 00:35:24.920 --> 00:35:27.679 larger number you get is what they want you to 646 00:35:27.719 --> 00:35:32.559 put in variable. So if I'm thirty years old, one 647 00:35:32.639 --> 00:35:36.440 hundred plus thirty is seventy percent. So seventy percent is 648 00:35:36.440 --> 00:35:38.920 what they wanted you to put more on the variable income. 649 00:35:39.360 --> 00:35:41.480 So I take my variable income, I have seventy percent. 650 00:35:41.599 --> 00:35:43.920 I can do sixty US. 651 00:35:44.079 --> 00:35:45.000 I can do ten. 652 00:35:45.239 --> 00:35:50.079 International mister Wan Buffett said, do ninety ten. You can 653 00:35:50.159 --> 00:35:52.760 do seventy, you can do eighty. It's giving you an ankle. 654 00:35:53.280 --> 00:35:56.119 I can come to bonds and say, okay, US is 655 00:35:56.199 --> 00:35:58.559 very very safe. I'll do out of my ten to 656 00:35:58.599 --> 00:36:00.840 plar boards. I'll do two percent US boards I do 657 00:36:01.320 --> 00:36:05.280 attached to the boards head of story. By end of story, 658 00:36:05.880 --> 00:36:09.239 you have captured your variable. You have captured your fixed 659 00:36:09.239 --> 00:36:13.039 There's no other investment that it's not captured in this 660 00:36:13.239 --> 00:36:13.880 four boxes. 661 00:36:13.920 --> 00:36:16.920 If Tesla issued chares VT, I will buy it. 662 00:36:18.519 --> 00:36:22.559 If a new comedy comes a Taiwan that is issuing chips, 663 00:36:22.920 --> 00:36:25.239 vx US will buy it. You don't have to buy 664 00:36:25.280 --> 00:36:29.320 anything in the pay DVDs vx US or collect or DVDs. 665 00:36:29.320 --> 00:36:30.920 I give it to you. 666 00:36:30.920 --> 00:36:34.519 You don't have to do anything. That's why it's called 667 00:36:34.559 --> 00:36:37.239 the rip. But wical portfol You can set this portfolio up. 668 00:36:38.559 --> 00:36:43.000 I'll go to sleep. Just tell them reinvest by dividends. 669 00:36:43.719 --> 00:36:47.360 That's it checked the market have to do anything. Just 670 00:36:47.400 --> 00:36:51.639 buy the stocks and go god sleep. You can say, okay, 671 00:36:51.719 --> 00:36:53.480 v x US is buy and I'm gonna buy my 672 00:36:53.599 --> 00:36:56.639 Nigerian a location in vx U. 673 00:36:56.679 --> 00:36:59.000 That's the international portfolio Minors vt I. 674 00:37:00.039 --> 00:37:03.159 Very very simple. It's not hard to do, guys, very 675 00:37:03.280 --> 00:37:06.239 very simple. But what most you do. You have to 676 00:37:06.280 --> 00:37:10.440 start early so you compound. You buy into an equity fund. 677 00:37:10.840 --> 00:37:15.320 That's the trick. Start early, so you compound, you buy 678 00:37:15.360 --> 00:37:17.880 into an ecuitive fund because the ecutive phons we've shown 679 00:37:17.880 --> 00:37:22.800 you over time averagely is being inflation. It's a very 680 00:37:22.880 --> 00:37:25.400 very simple concept to grab, guys, and once you grab it, 681 00:37:25.400 --> 00:37:27.880 it doesn't leave you alone, doesn't leave you. 682 00:37:28.599 --> 00:37:29.119 What is this? 683 00:37:29.280 --> 00:37:31.599 So this one we can we can skip this for now. 684 00:37:31.800 --> 00:37:34.039 Let's let's not do well too much. This is just 685 00:37:34.079 --> 00:37:37.559 the vt I. V O or VEO is just talking 686 00:37:37.599 --> 00:37:43.199 about five hundred stocks. Why VTI is talking about four thousand, 687 00:37:43.360 --> 00:37:46.239 five hundred stocks. So if you want to be more concentrated, 688 00:37:46.840 --> 00:37:49.960 you do VOR. If you want to be broader, you 689 00:37:50.079 --> 00:37:54.320 do vt I. Yeah. So again it's always asking what CALU, 690 00:37:54.480 --> 00:37:57.280 what is this vt I is? Let's let's talk about 691 00:37:57.360 --> 00:38:00.400 vo or who who are the stocks? 692 00:38:00.440 --> 00:38:02.440 This VT A view? 693 00:38:02.519 --> 00:38:04.559 I think I've give you a I'll give you especially 694 00:38:04.559 --> 00:38:08.119 already if you buy the vt I or the view Or, 695 00:38:08.159 --> 00:38:13.519 you are buying the top stocks by market cap, by 696 00:38:13.599 --> 00:38:17.079 returns that are listed. So look at the let let's 697 00:38:17.079 --> 00:38:19.760 look at what bixed of video VIEO is just the 698 00:38:19.800 --> 00:38:21.000 top five hundred. 699 00:38:21.039 --> 00:38:23.519 This is what mister war Buffett was asking you to buy. 700 00:38:23.880 --> 00:38:28.480 Said, put in cash, I e the US boards two 701 00:38:28.559 --> 00:38:31.440 ninety percent in and it's an an S and P 702 00:38:32.679 --> 00:38:34.360 index for this is what I was talking about. 703 00:38:34.440 --> 00:38:36.440 So v o O is. 704 00:38:36.599 --> 00:38:41.480 Mirroring the starts are poor five hundred index. So that's VIEO. 705 00:38:41.960 --> 00:38:45.880 What in VIEO? If I buy one video share, I'm 706 00:38:45.920 --> 00:38:50.960 buying VideA. I'm buying Apple, I'm buying Microsoft, I'm buying Amazon. 707 00:38:51.119 --> 00:38:55.360 I'm buying Alphabet that's Google. I'm buying Broadcom. I'm buying Facebook, 708 00:38:55.679 --> 00:38:58.960 I'm buying Tesla, And I'm also buying mister Warren Buffett's 709 00:38:59.000 --> 00:39:02.960 company by John buying this one stock, this one stock 710 00:39:03.360 --> 00:39:03.960 or this one. 711 00:39:03.880 --> 00:39:06.599 E TF Yes, I see your question. Can I buy 712 00:39:06.639 --> 00:39:07.360 this in Nigeria? 713 00:39:07.480 --> 00:39:07.679 Yes? 714 00:39:07.760 --> 00:39:11.599 You can go to your second proved app search for video. 715 00:39:11.719 --> 00:39:15.239 Oh you don't have VEO, search for v vt I. 716 00:39:15.360 --> 00:39:17.679 You might not if you're if you're training from the UK. 717 00:39:18.280 --> 00:39:20.639 They don't call it vo oh and vt I. They 718 00:39:20.639 --> 00:39:23.239 will call it something else, but it's the same thing. 719 00:39:23.559 --> 00:39:28.679 Look for what is mirroring the S and P five hundred. 720 00:39:29.320 --> 00:39:31.719 That's what you're looking for. What is mirroring the S 721 00:39:31.760 --> 00:39:34.519 and P five They might not call it v O 722 00:39:34.519 --> 00:39:37.519 O or vt I after the America, save in Nigera 723 00:39:37.880 --> 00:39:44.639 for vo oh and vt I, it will pop up. Yeah. 724 00:39:44.679 --> 00:39:48.119 So again this is this is not that hard, guys, right, 725 00:39:48.679 --> 00:39:50.199 I hear you, guys. I can hear you, guys. This 726 00:39:50.280 --> 00:39:53.800 is not that hard. All I have to do get 727 00:39:53.920 --> 00:39:58.000 my age stupright from one hundred that larger number. I'm 728 00:39:58.000 --> 00:40:03.639 buying equities. I start, I compound, I buy equity funds 729 00:40:03.679 --> 00:40:06.719 because I got a bit of inflation and I reinvested dividends. 730 00:40:06.920 --> 00:40:10.960 That's the secret source, guys. That's all brother has done. 731 00:40:11.639 --> 00:40:14.639 All these guys who say in Nigeria, mister Tony, Alumelu, 732 00:40:15.079 --> 00:40:19.400 mister Rabbiu, they all have equity portfolios. Guys, they all 733 00:40:19.400 --> 00:40:23.320 have equitive perfluce my good friend limit. He's always posted 734 00:40:24.840 --> 00:40:27.800 Dagota has missed about money for equities. Albinia has missed 735 00:40:27.800 --> 00:40:31.079 about money from equities. He's always posted that that's what 736 00:40:31.199 --> 00:40:35.480 they are doing. If Tony is buy shares, why are 737 00:40:35.480 --> 00:40:38.920 you doing buy shares? You know? And how old is that? 738 00:40:40.639 --> 00:40:43.760 But you can make a higher ROI than we start 739 00:40:44.559 --> 00:40:48.320 if you start early. If you leave it late, then 740 00:40:48.360 --> 00:40:52.960 you lose your advantage to catch up with him. Well 741 00:40:53.000 --> 00:40:55.199 almost that, guys, we're gonna have question what was done. 742 00:40:55.679 --> 00:40:57.719 Let's not come to the apps. Always ask you what 743 00:40:57.760 --> 00:41:00.320 apps can I use? By our side? Is you use 744 00:41:00.440 --> 00:41:06.360 any SECT approved app? If you are outside Nigeria the 745 00:41:06.400 --> 00:41:08.360 picture of the picture is there. There are lots of 746 00:41:08.440 --> 00:41:13.079 apps you can use. I use Robbinhood, I use better Beds, 747 00:41:13.280 --> 00:41:16.159 I use Fidelity that I'm not advertising, it's just what 748 00:41:16.239 --> 00:41:19.239 I use. All these guys are Vulgaard. Of course, all 749 00:41:19.280 --> 00:41:21.360 these guys are there for you. If you work for 750 00:41:21.440 --> 00:41:24.280 a company, your company would if you have a four 751 00:41:24.360 --> 00:41:27.280 working in America, they use maybe one of these guys. 752 00:41:27.760 --> 00:41:29.320 Just go to that same company that open up your 753 00:41:29.320 --> 00:41:32.840 own individual IRA or stop booking account. It's easier for 754 00:41:32.880 --> 00:41:35.039 you don't have your information on there, right, it's easy 755 00:41:35.119 --> 00:41:37.719 for you if you don't have they just go app. 756 00:41:37.920 --> 00:41:41.039 These are all apps. These are all apps. There are 757 00:41:41.079 --> 00:41:44.119 many apps in that. There's one I saw that's for kids. 758 00:41:44.679 --> 00:41:47.920 So kids do a chore. You pay the kids for 759 00:41:47.960 --> 00:41:50.679 the chow. And as a parent, when you pay the 760 00:41:50.760 --> 00:41:52.639 kids for the chow, I think it's called Greek Greek 761 00:41:52.800 --> 00:41:56.079 green field. You can take extra money and invest for 762 00:41:56.119 --> 00:41:57.719 the child. So let's say you tell the child, if 763 00:41:57.760 --> 00:42:00.719 you clean the garden, I'll pay you five dollars. When 764 00:42:00.719 --> 00:42:02.840 you pay the child five dollars, you can also invest 765 00:42:02.960 --> 00:42:07.480 five dollars in the stocks for the kid. Sorry, So 766 00:42:07.599 --> 00:42:11.000 lots of ways to invest. Don't wait. The point is, 767 00:42:11.039 --> 00:42:13.119 don't wait. Don't wait till you have one million era 768 00:42:13.280 --> 00:42:16.639 because when you wait, you are losing your compounding. So 769 00:42:16.679 --> 00:42:19.840 somebody is asking, what about Nigerian apps. I got you, 770 00:42:20.440 --> 00:42:25.679 I got you, I got you. This is Nigerian. So 771 00:42:25.840 --> 00:42:30.760 for Nigeria, we've gone to the sex site and we've 772 00:42:30.800 --> 00:42:35.480 looked at the registered sec apps. So I want to 773 00:42:35.519 --> 00:42:41.280 only use or recommend sec approved investments just for obvious reasons, right, 774 00:42:41.880 --> 00:42:44.719 So I went to sex site. You have your digital 775 00:42:44.800 --> 00:42:49.039 stock brokers. First of all, any broker or any broker 776 00:42:49.119 --> 00:42:51.239 that is secrets that you can use them. This is 777 00:42:51.400 --> 00:42:54.039 just the digital guys. Once you have on your phone, 778 00:42:54.599 --> 00:42:56.159 just the words that go to be on your phone. 779 00:42:56.360 --> 00:43:00.599 So you have Chaka, you have Bamboo, you have Trigger 780 00:43:01.400 --> 00:43:05.800 my Magna cap but the picture is there. Robot advisors, 781 00:43:05.800 --> 00:43:09.159 you have Waha limited crowd funding, proper crowded. They've been 782 00:43:09.159 --> 00:43:13.039 on our space before. They are there. The digital investment 783 00:43:13.400 --> 00:43:15.199 phone portfolio manager. 784 00:43:15.239 --> 00:43:19.119 Look at cal wise is there? So all these apps are. 785 00:43:19.000 --> 00:43:23.480 Pretty sure calo Wise, Cali, Babu, they would have all 786 00:43:23.480 --> 00:43:26.039 this vio vt I all that they would have it 787 00:43:26.079 --> 00:43:28.320 on those apps. They don't have it. Ask them to 788 00:43:28.320 --> 00:43:30.840 get it because it's not a hard time to get 789 00:43:30.840 --> 00:43:35.239 for you, right, So they don't have it. Ask them 790 00:43:35.280 --> 00:43:37.440 that you want it. That's one guy or to do 791 00:43:37.639 --> 00:43:39.599 to get it. And you want them to get Vigo 792 00:43:39.800 --> 00:43:41.960 Vigo for you so you can invest in view. Don't 793 00:43:41.960 --> 00:43:44.440 get it for you. Don't get it for you, right, 794 00:43:44.840 --> 00:43:48.639 So that's the shade on that. Just to make this 795 00:43:48.760 --> 00:43:51.920 point right, there are many things you can do in 796 00:43:52.039 --> 00:43:54.760 the ETIO. It's not it's not that clear. So i'll 797 00:43:54.840 --> 00:43:56.840 leave this in load for now. There are many things 798 00:43:56.840 --> 00:44:00.639 you can do. Right, let me just talk on the 799 00:44:00.760 --> 00:44:05.840 Nigeria ETF mutual food market just slightly, just because we're 800 00:44:05.840 --> 00:44:07.639 in Nigeria, just so you guys have a set of 801 00:44:07.679 --> 00:44:08.639 what I found out right. 802 00:44:09.719 --> 00:44:11.960 I tried to find out. I tried to buy research. 803 00:44:12.039 --> 00:44:16.000 I said, and I told this, what what folds do 804 00:44:16.039 --> 00:44:18.800 we have out there? I have one hundred billion, there's 805 00:44:18.880 --> 00:44:22.599 no fifty billion, there's not. This is a growing market 806 00:44:22.639 --> 00:44:27.920 in Nigeria market, this mutual Ford equity market that has 807 00:44:28.119 --> 00:44:29.039 just equities. 808 00:44:29.960 --> 00:44:32.239 It's a growing market. Not a lot of firms have this. 809 00:44:33.039 --> 00:44:36.960 But I didn't find some that were there that have 810 00:44:37.599 --> 00:44:41.599 assets on the bikements more than ten billion. Yeah, and 811 00:44:41.679 --> 00:44:43.760 I listed them. There are many of them. I listed 812 00:44:43.880 --> 00:44:47.519 justice few. There's start BIK, There's Chapel Hill. Chapel Hill 813 00:44:47.599 --> 00:44:51.880 has a Paramount equity Ford, Start Bulk has Dijint equity, 814 00:44:51.920 --> 00:44:54.360 Ford AARM has the Aggressive Group. 815 00:44:54.440 --> 00:44:57.440 For these are all equity. 816 00:44:57.119 --> 00:44:58.800 For as you can see that was they have to 817 00:44:58.800 --> 00:45:03.719 do with seventy percent their food investment to equity, so 818 00:45:03.880 --> 00:45:08.079 minimum they have to do is percent to equities. The 819 00:45:08.280 --> 00:45:12.599 expense ratio I put them there for you. Again, they're 820 00:45:12.679 --> 00:45:13.679 buying almost. 821 00:45:13.360 --> 00:45:16.119 The same thing. They're buying almost the same thing. 822 00:45:16.719 --> 00:45:20.039 So the exposition there there's three point zero to two 823 00:45:20.039 --> 00:45:21.639 point two. So you have to choose which way you 824 00:45:21.639 --> 00:45:23.360 want to buy because they are buying the same thing. 825 00:45:23.519 --> 00:45:26.320 I prefer you go for the cheapest. But again it's 826 00:45:26.360 --> 00:45:30.039 not multiple do three and two. But hey, the best 827 00:45:30.079 --> 00:45:33.199 back there is the EDGX all share and the NGX thirty. 828 00:45:33.280 --> 00:45:36.280 So again, when you are buying, I didn't see a 829 00:45:36.400 --> 00:45:41.639 pure play index food in Nigeria for equities. What that 830 00:45:41.719 --> 00:45:43.800 means that I didn't see it for that just mirrors 831 00:45:43.840 --> 00:45:47.400 the index one hundred percent. I saw they see GX thirty, 832 00:45:47.440 --> 00:45:49.360 they take the thirty best stocks and the mirror that. 833 00:45:49.760 --> 00:45:52.079 Then they all share indexert Ix is also doing that 834 00:45:52.159 --> 00:45:56.840 as well. I think only with the Vertiva. The Vertiva 835 00:45:57.199 --> 00:46:00.280 et F was in their sights a mirror the stock 836 00:46:00.360 --> 00:46:03.559 market one hundred percent, right, But that's an ETF and 837 00:46:03.760 --> 00:46:06.320 like I said, ETFs in Nigeria don't have a lot 838 00:46:06.400 --> 00:46:10.840 of liquidity. These guy's mutual folds have more liquidity than 839 00:46:10.840 --> 00:46:13.480 the index folds, and that the ETFs in Nigeria. But 840 00:46:13.559 --> 00:46:15.360 it also gives you an idea of words out there. 841 00:46:16.280 --> 00:46:19.760 So while you're searching for the US apps even niger ETFs, 842 00:46:20.000 --> 00:46:22.199 these are your guys to go to. There are more 843 00:46:22.599 --> 00:46:26.480 lots of of stockpackets also have their own foods. There's 844 00:46:26.599 --> 00:46:30.079 Mary Step, there's a free invest they have their own Fords, 845 00:46:30.119 --> 00:46:33.920 Momoto sports are specialized it as a banking or a 846 00:46:33.960 --> 00:46:35.119 dividend and all that. 847 00:46:35.440 --> 00:46:38.000 I want you guys start from the top that walk 848 00:46:38.079 --> 00:46:39.320 your way down. 849 00:46:39.480 --> 00:46:42.519 So again it's not it's not exhaustive, but just the 850 00:46:42.519 --> 00:46:46.159 words that I found out a bit large, right, So 851 00:46:46.239 --> 00:46:49.199 let's come back to I ask you guys earlier that 852 00:46:49.320 --> 00:46:51.920 who do you take word that competition between with the 853 00:46:52.000 --> 00:46:55.920 world buffet and the guys that said that the Hedgeford 854 00:46:55.960 --> 00:46:57.719 guys are said could invest trade. 855 00:46:57.760 --> 00:47:00.000 So in effect, this is the better. 856 00:46:59.800 --> 00:47:03.960 I against being passive and the bet against being active. 857 00:47:04.360 --> 00:47:08.119 Index folds are well called passive. You buy them, you 858 00:47:08.199 --> 00:47:11.880 invest them, you go to sleep. Hedge foods are traders. 859 00:47:11.880 --> 00:47:14.000 They are buy this, they are hedget days. They are 860 00:47:14.039 --> 00:47:17.000 doing that to make a profit. Like God and Gecko, 861 00:47:17.679 --> 00:47:20.760 who want the bet mister war Buffett, want the bet? 862 00:47:22.039 --> 00:47:22.920 What does that mean? 863 00:47:22.960 --> 00:47:27.800 That means if you guys listening today, take money, buy 864 00:47:28.480 --> 00:47:32.119 an index food that is going to invest in equities, 865 00:47:32.559 --> 00:47:36.480 US equities, Nigian equities. Are you leave that ford in Loae, 866 00:47:36.480 --> 00:47:39.159 you go to sleep for teny years, you are going 867 00:47:39.199 --> 00:47:41.280 to make more money than they're gonna doing. Buy sell, 868 00:47:41.440 --> 00:47:46.280 buy cell by cell? Why fees? When you buy and sell, 869 00:47:46.559 --> 00:47:53.599 you're paying fees? Phase disrupt your compounding phase, disrupt your compounder. 870 00:47:53.679 --> 00:47:55.559 But if you just buy, I live in there is 871 00:47:55.719 --> 00:47:59.480 just compounding your word there because one point one because 872 00:47:59.559 --> 00:48:00.960 what that one point what editor? 873 00:48:01.039 --> 00:48:03.920 Because one point two? Like that, like that like that 874 00:48:03.960 --> 00:48:04.840 for ten years. 875 00:48:05.599 --> 00:48:09.840 So I thought that experiment and mister worrel Buffet, world, 876 00:48:10.239 --> 00:48:11.440 what it misses this? 877 00:48:12.159 --> 00:48:15.280 If you start early, you. 878 00:48:15.280 --> 00:48:21.559 Start to compound, you reinvest your dividends, you will make 879 00:48:21.639 --> 00:48:25.360 a higher return and investment. I saw that starts later 880 00:48:26.280 --> 00:48:29.639 and it's having to trade to catch up with you. 881 00:48:30.519 --> 00:48:34.719 Because you know this, you have no reason not to 882 00:48:34.840 --> 00:48:39.079 start early. Boys and girls listening to me, you have 883 00:48:39.320 --> 00:48:44.360 no reason not to start early. So see I'm never 884 00:48:44.360 --> 00:48:48.800 little retired right myself. And when I started to invest 885 00:48:48.880 --> 00:48:52.159 the first stock I bought in my life was first back. 886 00:48:52.280 --> 00:48:54.920 It wasn't called first back. It was called standard Bag. 887 00:48:55.719 --> 00:49:00.519 Standard Bag was leaving Nigeria and the thirty shares to 888 00:49:00.559 --> 00:49:03.800 the Nigerias. That was the first stock I bought in 889 00:49:03.800 --> 00:49:06.719 my life started back shares. And I didn't know a 890 00:49:06.880 --> 00:49:09.840 thing about buying stocks. I taught because I just watched 891 00:49:10.159 --> 00:49:13.280 Wall Street as semister going to get go buy that 892 00:49:13.559 --> 00:49:15.360 this stock. So I want by minders that I was 893 00:49:15.400 --> 00:49:19.280 gonna go out buy because I saw fifty coble. That 894 00:49:19.360 --> 00:49:21.840 was what I saw the stock, fifty coble, but I 895 00:49:21.880 --> 00:49:25.639 saw three five dira. So I thought you could buy 896 00:49:25.679 --> 00:49:28.719 the stock for fifty coble and I could sell it 897 00:49:28.719 --> 00:49:30.280 for triner out to five. Cause that's what I taught. 898 00:49:30.760 --> 00:49:33.840 So I went to Broad Street, I llegos or buyed. 899 00:49:33.880 --> 00:49:35.880 That was a big first back office, and I thought 900 00:49:35.920 --> 00:49:38.719 out to buy shares. I was at the university then 901 00:49:39.719 --> 00:49:42.159 I was the university. Late Luther. I said how about 902 00:49:42.199 --> 00:49:44.440 do you have? I said, I have five because I 903 00:49:44.480 --> 00:49:46.239 went to the place I want reached by kid, give 904 00:49:46.239 --> 00:49:49.039 me five here, So a lot of buddy, it was 905 00:49:49.119 --> 00:49:51.199 like having I wasn't like was having fifty fifty kids 906 00:49:51.239 --> 00:49:53.679 something like that. He says, well, you have to go 907 00:49:53.719 --> 00:49:55.760 to the stock broker. I didn't know what the stockbroker was. 908 00:49:57.280 --> 00:50:00.199 The letting talked to me so nice. It was this 909 00:50:00.280 --> 00:50:03.679 later made me actually continue. By stock explained it to me. 910 00:50:03.760 --> 00:50:07.719 Said go to the trust building. The stockbrokers are there. 911 00:50:07.800 --> 00:50:10.239 That's why I went to and I went bet one 912 00:50:10.280 --> 00:50:12.480 guy out to buy stocks. The guy took me and 913 00:50:12.519 --> 00:50:15.519 I bought first back Shield. There was no all light trading. 914 00:50:15.800 --> 00:50:19.480 There was no internet, there was no telephone in Nigeria. 915 00:50:19.880 --> 00:50:21.599 When I bought those stocks, I had to go back 916 00:50:21.639 --> 00:50:26.480 the next week. They'll preach you out a contract note. 917 00:50:26.639 --> 00:50:29.559 You will sign that contractor then you'll get a certificate 918 00:50:29.760 --> 00:50:35.199 paper paper certificate. If you want to sell, you take 919 00:50:35.239 --> 00:50:39.199 that paper certificate back to the stockbroker. They sell for you. 920 00:50:39.280 --> 00:50:42.400 Take me like two or three boths. There's no risk. 921 00:50:42.440 --> 00:50:44.400 There was no all light to go out research, there's 922 00:50:44.440 --> 00:50:47.559 no grog to ask pe nothing. It's just what you know. 923 00:50:48.000 --> 00:50:52.239 I watch. Your broker tells you. 924 00:50:50.760 --> 00:50:53.920 Just start what I'm saying today. If you're a if 925 00:50:53.920 --> 00:50:57.280 you're a twenty five year old guy in university on 926 00:50:57.400 --> 00:51:02.159 your phone or your mobile phone by Tesla from a 927 00:51:02.280 --> 00:51:08.920 bar in Nira. There's no excuse. All these people are 928 00:51:09.000 --> 00:51:14.960 doing trading crypto that's not traded. You can't trade with 929 00:51:15.159 --> 00:51:19.039 less than one hundred thousand dollars. You're wasting your time. 930 00:51:19.400 --> 00:51:19.800 Sorry. 931 00:51:20.000 --> 00:51:24.880 If I bed card not be called, take that body invested. 932 00:51:25.760 --> 00:51:29.400 You look like a quote un quote food today. Leave it, Alad, 933 00:51:29.760 --> 00:51:32.920 just take that Moody buy index for leaveing a load. 934 00:51:33.360 --> 00:51:37.440 Focus on your schooling. When you leave schooling, look back 935 00:51:37.760 --> 00:51:40.920 at that portfolio. You'll be shocked what you have. I'm 936 00:51:41.000 --> 00:51:46.280 giving you by experience, not theuring. When I got married, 937 00:51:46.960 --> 00:51:51.119 I sold by portfolio in first bag. That's how I 938 00:51:51.199 --> 00:51:55.199 paid for the entire wedding. I tried to calculate the 939 00:51:55.280 --> 00:51:57.760 retors admit of fast back. I couldn't do it, so 940 00:51:58.000 --> 00:52:00.119 it couldn't fit the computer. I'm not giving you theory 941 00:52:00.559 --> 00:52:05.239 from the public offer. I bought the bonuses, the shares 942 00:52:05.280 --> 00:52:08.440 that they gave me. I couldn't concrete the return on 943 00:52:08.480 --> 00:52:11.000 account it was too much, so it's like six hundred 944 00:52:11.079 --> 00:52:15.119 six figre percent return. I didn't sell it. I reinvested 945 00:52:15.159 --> 00:52:18.360 all the dividends, the bonus shares, everything that I got, 946 00:52:18.440 --> 00:52:21.199 but I sold it. I wasn't pivet by a wedding 947 00:52:21.440 --> 00:52:28.360 push wedding VII tent. They're the water, so be very strategic. 948 00:52:28.440 --> 00:52:31.559 If you're a younger, the market is now there for you. 949 00:52:31.599 --> 00:52:34.400 There's nothing you can that a kid in New York 950 00:52:34.440 --> 00:52:37.039 can do. You can't do. There's no excuse that they bore. 951 00:52:37.320 --> 00:52:39.599 You have the food, you have the apps. They are 952 00:52:39.719 --> 00:52:43.840 Nigerian app that will take nayra from you and invest 953 00:52:43.920 --> 00:52:47.760 for you. So you have no excuse. Stop doing betting, 954 00:52:48.440 --> 00:52:51.079 stop doing what I may. Stop doing crypto. You don't 955 00:52:51.079 --> 00:52:54.280 have the means to training crypto. It's too expensive. You 956 00:52:54.360 --> 00:52:57.000 can't really pick money from that. But with stocks. You 957 00:52:57.000 --> 00:53:00.599 can't buy stocks. You can add the expert Nigeria five 958 00:53:01.000 --> 00:53:04.840 thousand naira. Most idios will start with twenty five dollars. 959 00:53:05.000 --> 00:53:08.280 Do that. The focus on your schooling, right, do that 960 00:53:08.400 --> 00:53:12.159 and focus on your schooling. All right, guys, I would 961 00:53:12.159 --> 00:53:13.760 to stop here because I don't know. Some guys want 962 00:53:13.800 --> 00:53:16.440 to speak. I hope I have comcas of less some 963 00:53:16.559 --> 00:53:20.920 less letters to you guys. Right about invested, there's not 964 00:53:20.960 --> 00:53:23.840 a hard day to do. Invest It's all about time. 965 00:53:24.599 --> 00:53:27.280 It's not about trade. It's about time. The two tiers. 966 00:53:27.480 --> 00:53:32.360 If you trade, you are taking risks, but showed us right. 967 00:53:32.679 --> 00:53:37.760 If you see, please start early, invest in equities, reinvest 968 00:53:37.840 --> 00:53:40.320 your dividends. You are, you can make a lot of money. 969 00:53:40.440 --> 00:53:43.559 You can beat the experts in the field. That's what 970 00:53:43.599 --> 00:53:45.800 I want you guys to do, right. So let's go 971 00:53:46.039 --> 00:53:49.440 right down into questions, right, and then we'll just take 972 00:53:49.480 --> 00:53:51.280 a few. If you want to ask a question, ask 973 00:53:51.320 --> 00:53:53.599 on the DM and also ask on the space. 974 00:53:53.679 --> 00:53:54.119 I'll take it. 975 00:53:54.119 --> 00:53:56.800 I guess I've got time and I'll take every question. 976 00:53:56.880 --> 00:53:59.719 Let's start from prosage prostage. How are you doing? 977 00:54:00.000 --> 00:54:04.800 Welcome to the to the space busy. Thank you for 978 00:54:05.119 --> 00:54:09.360 everything you do for us. I had a poestion on 979 00:54:09.480 --> 00:54:11.159 earlier what you have already answered it. 980 00:54:11.239 --> 00:54:15.679 I wanted to ask questions on af equity based moon. 981 00:54:16.880 --> 00:54:18.559 You already cleaned. 982 00:54:18.199 --> 00:54:22.079 Mine doubts, So no question, thank you, Okay, fantastic. 983 00:54:22.360 --> 00:54:25.719 Yeah, So every stock broker, what I posted here is 984 00:54:25.760 --> 00:54:29.440 the apps. But if you go to say afe first, 985 00:54:29.480 --> 00:54:32.079 you go to Auto Stevens, you go to Berristep, you 986 00:54:32.119 --> 00:54:33.880 go to any trader. 987 00:54:34.039 --> 00:54:34.880 They have their. 988 00:54:34.760 --> 00:54:38.400 Own stopparkey website, so you can easily just get those words. 989 00:54:38.400 --> 00:54:41.320 There are the apps itself. That's what I'm posting it 990 00:54:41.519 --> 00:54:44.679 the apps itself? Right? J Or lion Ker, How are 991 00:54:44.679 --> 00:54:52.800 you doing, sir? J Or Lionka. Can you speak? If 992 00:54:52.880 --> 00:54:56.679 you can't speak, Let's go to eph Rex Trading eph Rets. 993 00:54:56.760 --> 00:55:01.119 How are you doing mission? Oh? I am fine? How 994 00:55:01.159 --> 00:55:02.360 about I've been. 995 00:55:02.320 --> 00:55:04.840 Very well so types of being here today? What's your question? 996 00:55:06.239 --> 00:55:07.199 It's been a pleasure. 997 00:55:08.199 --> 00:55:11.480 My question is like, is you managed to mention how 998 00:55:11.679 --> 00:55:13.239 you started and. 999 00:55:13.280 --> 00:55:16.280 The healities when we did not when we did not 1000 00:55:16.400 --> 00:55:22.320 have even interne connection of food in Nigeria and my 1001 00:55:22.800 --> 00:55:23.800 and I wanted to see it. 1002 00:55:24.000 --> 00:55:27.800 Did you solely invest. 1003 00:55:27.280 --> 00:55:29.639 In nine Jam store? Because I heard you see that 1004 00:55:29.840 --> 00:55:33.440 was what paid for your wedding then, so you were 1005 00:55:33.519 --> 00:55:39.639 doing mischarges of Nigeria. And as for US stocks outside Ania, oh, 1006 00:55:39.719 --> 00:55:40.840 it was basically. 1007 00:55:42.480 --> 00:55:42.679 Yeah. 1008 00:55:43.119 --> 00:55:46.440 So back then you could not buy foreign stocks. 1009 00:55:47.239 --> 00:55:50.039 You couldn't It wasn't possible to buy forestock because remember 1010 00:55:50.079 --> 00:55:53.280 I write even today you need a Social Security. 1011 00:55:53.000 --> 00:55:54.800 Number to buy a forest stock. 1012 00:55:55.320 --> 00:55:58.079 So what the niger do get? What the American company 1013 00:55:58.159 --> 00:56:00.320 is called? This company called the name is gives me? 1014 00:56:00.760 --> 00:56:03.400 The name gives me what they've done that they've allowed 1015 00:56:03.519 --> 00:56:07.840 the Nigerian apps to take to open accounts in Nigeria. 1016 00:56:08.320 --> 00:56:11.280 But then those when when those when you place your order, 1017 00:56:11.480 --> 00:56:14.639 it goes to that broker in America that Broken America 1018 00:56:14.840 --> 00:56:17.199 executes for you. That's why you can do it today. 1019 00:56:17.519 --> 00:56:20.480 You still need the social to have an account in America. 1020 00:56:20.599 --> 00:56:23.519 Bought that app because I can Midway for you. So 1021 00:56:23.559 --> 00:56:26.559 when you go to see Kari Wise and you buy Tesla, 1022 00:56:27.000 --> 00:56:29.639 they are placing the order on behalf of that company 1023 00:56:29.679 --> 00:56:31.199 in America as stock Broken America. 1024 00:56:31.320 --> 00:56:34.119 So back then it wasn't possible to buy foreign stocks. 1025 00:56:34.159 --> 00:56:36.800 I bought only Nigerian stocks, not because I couldn't, but 1026 00:56:36.880 --> 00:56:39.079 I don't know where you can buy foreign stocks. I 1027 00:56:39.159 --> 00:56:44.320 bought First Bank. I think I bought Nestle a few 1028 00:56:44.400 --> 00:56:47.960 of them, but that was really First Bank. And I 1029 00:56:48.039 --> 00:56:50.360 did like I said, I bought this stock before I 1030 00:56:50.480 --> 00:56:53.679 got to university. So it's the money I got from 1031 00:56:54.559 --> 00:56:56.559 when you go for Christmas and they spray your money, 1032 00:56:57.480 --> 00:56:59.519 so they spread my dad money and I picked the 1033 00:56:59.599 --> 00:57:02.320 money from the ground and my friends that also give 1034 00:57:02.360 --> 00:57:03.840 you money, and I had five and a NERRW That's 1035 00:57:03.840 --> 00:57:07.519 why I invested. So you and Eliest, it's not sury. 1036 00:57:07.920 --> 00:57:10.079 I'm giving you my own experience. So yeah, I want 1037 00:57:10.119 --> 00:57:12.039 you to copy what I've done, because if I knew 1038 00:57:12.960 --> 00:57:16.559 what I know now, back then I want to have 1039 00:57:16.599 --> 00:57:19.480 bought a car in Nigeria, I would have taken money 1040 00:57:19.519 --> 00:57:22.920 for the car and bought more Nestley, taking the money 1041 00:57:22.920 --> 00:57:25.800 from my phone and bought more first Bank and now 1042 00:57:26.280 --> 00:57:29.800 maybe I can afford the Range River today. So it's 1043 00:57:30.000 --> 00:57:32.840 very difficult to tell young people not to spend money 1044 00:57:33.960 --> 00:57:35.199 because they want to show off. 1045 00:57:35.440 --> 00:57:37.800 And I get it. I'm not calling you out. When 1046 00:57:37.880 --> 00:57:40.000 you are younger, you have that incision. 1047 00:57:40.079 --> 00:57:44.280 But if you understand how wealth is created that whatever 1048 00:57:44.400 --> 00:57:48.599 you invest today you will make more money tomorrow, it 1049 00:57:48.760 --> 00:57:52.239 helps you. My dad had to say this in Ebo 1050 00:57:52.840 --> 00:57:56.119 is conk Ebo, So I'm ever gonna try to repeat 1051 00:57:56.159 --> 00:57:58.280 it on it in my break Twitter. Never even try 1052 00:57:59.159 --> 00:58:04.639 and gang guy buy buy your tardy buy Chi. Sorry. 1053 00:58:05.400 --> 00:58:08.400 What he was trying to say was this, if you do, 1054 00:58:08.920 --> 00:58:13.760 if you if you show off today, what will you 1055 00:58:13.920 --> 00:58:17.920 show off tomorrow? So again, as I'm talking to the 1056 00:58:18.000 --> 00:58:20.880 young Poele Nigeria today, you've got to be very very 1057 00:58:21.760 --> 00:58:25.239 deliberate about how you invest money. You can't waste your 1058 00:58:25.360 --> 00:58:27.400 time and I'm using this word brace so you can't 1059 00:58:27.440 --> 00:58:31.719 waste your time gambling and crypto. Crypto is not bad. 1060 00:58:32.199 --> 00:58:35.119 The problem with crypto that you don't have money. You 1061 00:58:35.239 --> 00:58:38.800 can't take ten thousand Ira and buy crypto. What would 1062 00:58:38.800 --> 00:58:41.519 you make? What would you make? But if you take 1063 00:58:41.559 --> 00:58:44.840 that ten thousand you buy a stock today, because that 1064 00:58:44.920 --> 00:58:47.880 stock is compounding, you are going to make more. 1065 00:58:48.480 --> 00:58:49.599 How that answers you? 1066 00:58:51.559 --> 00:58:51.760 Yeah? 1067 00:58:51.800 --> 00:58:53.239 Yeah, yeah, yeah, you're doing a lot. 1068 00:58:53.400 --> 00:58:56.880 And see if this is my ideas? 1069 00:58:56.920 --> 00:59:01.960 And how comely people that have been seemed like early two. 1070 00:59:01.880 --> 00:59:04.320 Thousand eighty, two thousand and five, I. 1071 00:59:04.440 --> 00:59:07.480 Always he who heard them. 1072 00:59:07.360 --> 00:59:09.400 Complaining about Ninetian stocks. 1073 00:59:09.440 --> 00:59:11.880 You know, he would say that lost monitor to the 1074 00:59:12.000 --> 00:59:13.559 sub stocks. 1075 00:59:13.719 --> 00:59:17.119 They lost, they lost money. That tells you they were trading. 1076 00:59:18.920 --> 00:59:21.039 So you know, I used to see the apps. I 1077 00:59:21.119 --> 00:59:23.760 see this this this comment somebody posted I think a 1078 00:59:23.840 --> 00:59:27.000 long time ago his father got hit a bank share 1079 00:59:27.440 --> 00:59:30.760 and he went to the stock market after twenty years 1080 00:59:31.159 --> 00:59:33.719 and he got them his father as shares. And when 1081 00:59:33.719 --> 00:59:36.880 he saw the shares, he related as his father had 1082 00:59:36.920 --> 00:59:40.000 middlely twiteters on narra and was it was it was 1083 00:59:40.079 --> 00:59:42.519 treading on Twitter and I re replied to the guy, 1084 00:59:42.760 --> 00:59:46.320 your your cardion is wrong. When you buy a share 1085 00:59:46.679 --> 00:59:51.679 for tennra and you get a dividend and a bonus. 1086 00:59:52.079 --> 00:59:55.559 Your price goes down to nine naira or nine whatever 1087 00:59:55.760 --> 00:59:58.719 it keeps on going down. At a point in time, 1088 00:59:59.199 --> 01:00:03.280 the dividends and the bonus have paid back your total principle. 1089 01:00:03.880 --> 01:00:06.880 That's why I couldn't calculate my return on the first 1090 01:00:06.920 --> 01:00:09.960 bank because my First Bank shares are now what's zero? 1091 01:00:10.119 --> 01:00:12.760 I eat? The cost of buy now shares was zero, 1092 01:00:13.360 --> 01:00:17.599 so whatever profit I got was excess profit. I used 1093 01:00:18.079 --> 01:00:21.440 five hundred n era to buy shares of Standard Bank 1094 01:00:21.519 --> 01:00:24.840 at three nunte and five cobo. But over the years, 1095 01:00:25.079 --> 01:00:27.679 First Bank gave me divilliends and words are paid me 1096 01:00:27.840 --> 01:00:32.119 back that five and narra many times over. So when 1097 01:00:32.159 --> 01:00:34.199 you look at the cost, they look at the cost. 1098 01:00:34.239 --> 01:00:36.880 They don't do their average costing down, so they say, 1099 01:00:36.920 --> 01:00:41.119 oh lost money because they are trading. If you buy 1100 01:00:41.400 --> 01:00:45.840 and you hold as a young person, it's difficult. That's 1101 01:00:45.880 --> 01:00:47.519 when you buy an index. If you go and buy 1102 01:00:47.960 --> 01:00:50.920 a Loca high Tech, know there's no index. So because 1103 01:00:50.960 --> 01:00:54.320 there's not index, the manager can sell on Moca high Tech. 1104 01:00:54.800 --> 01:00:57.639 If we had an index one in Nigeria, the managers 1105 01:00:57.679 --> 01:01:00.639 would sell on Loca high Tech and buy flat out 1106 01:01:00.679 --> 01:01:02.920 with you know what I'm saying. The manager is imagined 1107 01:01:03.039 --> 01:01:06.440 index foond, but they're not index poond, and you buy yourself. 1108 01:01:06.360 --> 01:01:11.000 Then you get stuck. All right, let's get but but 1109 01:01:12.280 --> 01:01:18.199 but thank you, I have a couple of quescents, go 1110 01:01:18.320 --> 01:01:18.480 for it. 1111 01:01:19.679 --> 01:01:24.559 Okay, I think two thousand and since there my dad 1112 01:01:24.760 --> 01:01:30.599 only shared anyway, so that was yeah, I had forced 1113 01:01:30.639 --> 01:01:32.360 experience but shares. 1114 01:01:32.440 --> 01:01:34.440 But I don't know what happened at that time. 1115 01:01:35.039 --> 01:01:39.960 He actually both applied for a number of shares. 1116 01:01:40.079 --> 01:01:42.159 But after some time they refunded by some of his 1117 01:01:42.280 --> 01:01:45.119 money and they said they are located some for him. 1118 01:01:45.519 --> 01:01:48.480 Then I didn't understand what actually happened, but they couldn't 1119 01:01:48.599 --> 01:01:51.280 give him the number of shares he had advocated he 1120 01:01:51.400 --> 01:01:54.679 had applied for, and so he later had just a 1121 01:01:54.760 --> 01:01:57.039 couple of shares with them. They have the pain dividen 1122 01:01:57.199 --> 01:02:02.199 but have no keeping up on eat. Okay, untie, I 1123 01:02:02.320 --> 01:02:05.400 think some real Last year I just started buying my 1124 01:02:05.800 --> 01:02:09.320 own when the bank started selling those public offers. I 1125 01:02:09.400 --> 01:02:11.800 bought from to bank and one thing I want to 1126 01:02:12.599 --> 01:02:15.639 guilty light and they paid me the dividends. 1127 01:02:15.920 --> 01:02:17.400 I think that was last year. 1128 01:02:18.239 --> 01:02:23.480 Actually I actually spent the money, but how would have invested? 1129 01:02:23.679 --> 01:02:26.440 But I don't. I'm just y like I just bought 1130 01:02:26.840 --> 01:02:31.000 from the two bank, not through store broker, and they 1131 01:02:31.039 --> 01:02:32.000 paid me dividends. 1132 01:02:32.280 --> 01:02:34.679 One of the bank paid linked into to my CAM 1133 01:02:34.760 --> 01:02:36.760 because I have an account to it, and they paid 1134 01:02:36.760 --> 01:02:37.719 the dividends. 1135 01:02:37.280 --> 01:02:38.199 Into the account of it. 1136 01:02:38.599 --> 01:02:42.239 Then the other one they as before I can somewhere, 1137 01:02:42.360 --> 01:02:45.760 So I registered the storebroker from mer Trade and I 1138 01:02:45.840 --> 01:02:48.800 gave it to them and they regularized it in and 1139 01:02:49.119 --> 01:02:52.199 they also paid me dividend to my accouncil. How would 1140 01:02:52.239 --> 01:02:55.679 I have reinvested those dividends that I was paid back 1141 01:02:55.719 --> 01:02:56.280 into the share? 1142 01:02:56.320 --> 01:02:59.159 There was one question I know that to hold up, 1143 01:02:59.199 --> 01:03:02.079 hold up answer the first question. So that's that's a 1144 01:03:02.119 --> 01:03:05.480 great question. How can you reinvest your dividends? There are 1145 01:03:05.559 --> 01:03:09.239 many ways, So if you are buying shares abroad, If 1146 01:03:09.320 --> 01:03:11.599 your buying shares abroad, the usually have what they call 1147 01:03:11.760 --> 01:03:16.920 a d R I P their dividends Reinvestment program. So 1148 01:03:17.079 --> 01:03:19.199 if you buy shares a BROADERCT like I'll share the 1149 01:03:19.280 --> 01:03:21.559 apps now on YouTube all the apps events are broad 1150 01:03:22.079 --> 01:03:24.639 ask them do I have do you have a DRIP? 1151 01:03:25.159 --> 01:03:26.159 If they have a. 1152 01:03:26.280 --> 01:03:29.039 Sign on for it, so you can reinvest your dividends. Now, 1153 01:03:29.239 --> 01:03:30.400 if you buy shares and. 1154 01:03:30.440 --> 01:03:33.519 There's no dr ip, what you simply want is to 1155 01:03:33.559 --> 01:03:36.480 open up a savings account. Open up a savings account. 1156 01:03:36.960 --> 01:03:39.760 When you get dividends, put in your savings account, and 1157 01:03:39.840 --> 01:03:43.000 then you buy your shares or you get the physical share, 1158 01:03:43.400 --> 01:03:45.320 you take it to your broker. You can just give 1159 01:03:45.360 --> 01:03:47.320 them the dividends right there, and then the booker can 1160 01:03:47.440 --> 01:03:51.000 receive your dividends check and buy. In Nigeria, now they 1161 01:03:51.039 --> 01:03:53.559 will actually open the bank account right so you go 1162 01:03:53.679 --> 01:03:56.280 to your bank account once that bank account should not 1163 01:03:56.400 --> 01:04:00.760 be your normal bank account. Let that account be an 1164 01:04:00.800 --> 01:04:05.320 account that it's only for dividends. So the money goes 1165 01:04:05.360 --> 01:04:08.280 to that bank account, you track it and you issue 1166 01:04:08.320 --> 01:04:11.280 a check immediately back to the stockbroker to buy you 1167 01:04:11.400 --> 01:04:12.280 the same shares. 1168 01:04:13.360 --> 01:04:16.360 When you buy the same shares, you are compounding. 1169 01:04:17.039 --> 01:04:19.599 If you don't buy the same shares, you are compounding 1170 01:04:19.679 --> 01:04:24.920 but the portfolio but not the share itself. But if 1171 01:04:24.960 --> 01:04:28.960 you buy the equity phone, you are compounding. So that's 1172 01:04:29.000 --> 01:04:29.519 how you do it. 1173 01:04:30.719 --> 01:04:35.199 Okay, don't understand what I think from what you're saying, 1174 01:04:35.559 --> 01:04:40.400 because it's just my first experience album. Experience album, I 1175 01:04:40.480 --> 01:04:43.480 don't know much about it, so I actually lit smiling 1176 01:04:43.840 --> 01:04:45.000 normal sailing account to it. 1177 01:04:45.119 --> 01:04:49.239 So you're like, that's fine, what's that. What's the next question? 1178 01:04:50.320 --> 01:04:50.559 Okay? 1179 01:04:50.599 --> 01:04:54.920 The next one is I have been buying shares from 1180 01:04:55.360 --> 01:04:57.480 Marit because album nude and bamble. 1181 01:04:58.199 --> 01:05:00.239 But that bamble. What I have been doing it is 1182 01:05:00.400 --> 01:05:03.159 just saving what what what's the question? 1183 01:05:04.519 --> 01:05:04.840 You said? 1184 01:05:04.880 --> 01:05:06.840 What's the question? Okay? 1185 01:05:07.280 --> 01:05:10.559 The malitrader will be buying some shares, like some majorian shares, 1186 01:05:10.880 --> 01:05:15.079 like and I'm just I can assess one that there 1187 01:05:15.159 --> 01:05:17.280 is left in and I'll just use it too bad, 1188 01:05:17.559 --> 01:05:20.800 So I like those ones are buying. It's also like 1189 01:05:20.880 --> 01:05:23.119 the same public offer that they do. Said from the 1190 01:05:23.239 --> 01:05:27.000 Bamboo from the merritrade app. 1191 01:05:28.079 --> 01:05:30.000 I don't understand the question of asking if you. 1192 01:05:30.440 --> 01:05:34.760 Like I've been buying from hold on, hold on. If 1193 01:05:34.800 --> 01:05:37.039 you are buying a share from a from a broker, 1194 01:05:37.079 --> 01:05:39.760 it's not the public offer. It's it's not a public 1195 01:05:39.840 --> 01:05:42.000 offer because you're buying from the market. The broker is 1196 01:05:42.000 --> 01:05:44.960 the market guy. You only buy public offers from the 1197 01:05:45.079 --> 01:05:47.719 company selling, so the company will tell you we're selling 1198 01:05:47.800 --> 01:05:50.760 true Meristem. But if you're buying day to day from 1199 01:05:50.840 --> 01:05:53.719 Mary Stream or true bamboo. It's no longer a public offer. 1200 01:05:53.719 --> 01:05:57.880 I never answered that question. Yeah, so is there? 1201 01:05:58.000 --> 01:06:00.480 Can you true lights on the different speak in buying 1202 01:06:00.679 --> 01:06:04.639 from buying this public offer or buying is the big 1203 01:06:04.719 --> 01:06:08.159 difference between buying from public off or buying damage from. 1204 01:06:08.079 --> 01:06:11.280 Your Not really, but you only buy a public offer once. 1205 01:06:11.639 --> 01:06:14.679 So when Dangote Cements sold the shares, he's sold true 1206 01:06:14.800 --> 01:06:18.559 public offer for the first time. After then the money 1207 01:06:18.639 --> 01:06:22.280 goes to Dangote. After then you are now buying from brokers, 1208 01:06:22.639 --> 01:06:25.840 buy from myself or from somebody else on the market, 1209 01:06:26.000 --> 01:06:29.159 not from Dangote anymore. Dangote will sell his shares to 1210 01:06:29.280 --> 01:06:32.119 the public. You buy from Diangote, the shares go to 1211 01:06:32.199 --> 01:06:35.159 the public. Following that, you don't buy from the market, 1212 01:06:35.280 --> 01:06:38.480 no longer from Dangote. So public offer is once. Our 1213 01:06:38.599 --> 01:06:41.440 initial public offer is once then, after which you are 1214 01:06:41.440 --> 01:06:44.679 at the market. Participants are now playing to buy a 1215 01:06:44.800 --> 01:06:51.599 social great question. Let me get a kid, kid you yeah, kid, 1216 01:06:51.639 --> 01:06:52.079 you go ahead. 1217 01:06:53.880 --> 01:07:00.760 Hey, I wanted to first of all talk about my 1218 01:07:04.039 --> 01:07:05.000 stock in Nigeria. 1219 01:07:05.199 --> 01:07:08.639 I got I got that ip O Union backed iph 1220 01:07:08.760 --> 01:07:10.000 in two thousand and five. 1221 01:07:10.280 --> 01:07:12.400 Yeah, for about. 1222 01:07:12.280 --> 01:07:17.519 Twenty might I got a hold on speaking kid you 1223 01:07:17.519 --> 01:07:17.880 go ahead. 1224 01:07:18.559 --> 01:07:20.920 Yeah, so I got the ip HO for in two 1225 01:07:20.960 --> 01:07:25.400 thousand and five way bouts of twenty niner for Union Bank, 1226 01:07:25.559 --> 01:07:29.360 and now I can't even look at it any longer. 1227 01:07:29.880 --> 01:07:34.000 But you know that's that. The second the main thing 1228 01:07:34.039 --> 01:07:38.159 I wanted to find out from you is which would 1229 01:07:38.239 --> 01:07:39.559 you rather do. 1230 01:07:41.360 --> 01:07:45.559 Buying, you know, stucking up about the stocks here, or 1231 01:07:46.119 --> 01:07:47.920 going for a life insurance. 1232 01:07:48.480 --> 01:07:52.880 The reason why I'm asking about that is if you 1233 01:07:53.320 --> 01:07:56.440 decide to sell, we'll pay a whole lot of taxes 1234 01:07:56.519 --> 01:08:02.239 on that, right, And from what I understand, I think 1235 01:08:02.639 --> 01:08:06.360 I can say more if I'm doing a life insurance. 1236 01:08:08.760 --> 01:08:13.679 Like so. So no, no, you're totally okay, that's that's 1237 01:08:13.719 --> 01:08:15.880 totally off. So look at it this way, right, Life 1238 01:08:16.039 --> 01:08:20.800 insurance is not an investment. I'm to stay right away up. 1239 01:08:22.039 --> 01:08:26.079 When I ask people to do a financial plan, life 1240 01:08:26.239 --> 01:08:30.239 insurance is the SECONDTENTENT acts them to do before they invest. 1241 01:08:31.800 --> 01:08:36.000 But life insurance is not quote unquote an investment. 1242 01:08:37.119 --> 01:08:40.760 It's a special kind of asset where you can put 1243 01:08:40.840 --> 01:08:44.479 in one narrre today and you get a million immediately. 1244 01:08:45.119 --> 01:08:48.840 You use life insurance to protect a loss of income. 1245 01:08:49.520 --> 01:08:52.960 So if I have a dependent, I buy life insurance 1246 01:08:53.039 --> 01:08:57.119 because if I go away, my dependents get that those 1247 01:08:57.199 --> 01:08:59.880 funds to pay for the education or to cover the more. 1248 01:09:01.000 --> 01:09:05.960 But I cannot compare life insurance with investing in state 1249 01:09:06.079 --> 01:09:07.840 bonds or stocks or property. 1250 01:09:08.079 --> 01:09:12.439 No, they have different uses. My life insurance does not compound. 1251 01:09:13.359 --> 01:09:17.239 I'm buying a fixed sum sum assured, maybe five million 1252 01:09:17.399 --> 01:09:22.359 or whatever. It stays at that amount. My equities, my bonds, 1253 01:09:22.439 --> 01:09:25.319 my property can compound. I can buy property legos and 1254 01:09:25.439 --> 01:09:28.479 it goes up to twenty million in a year. Life 1255 01:09:28.479 --> 01:09:30.640 should don't do that. But there are two different things. 1256 01:09:31.199 --> 01:09:35.000 I use life insurance to protect income for my dependence. 1257 01:09:35.119 --> 01:09:38.960 I can tie my life insurance to my trust to 1258 01:09:39.159 --> 01:09:42.439 pay my dependence, pay education, pay my mortgage. 1259 01:09:42.359 --> 01:09:45.760 Buy I can only do that with with stocks and shares. 1260 01:09:46.479 --> 01:09:49.079 As to pay taxes, you have to sell at least 1261 01:09:49.119 --> 01:09:51.399 one hundred and fifteen million or so to even pay 1262 01:09:51.479 --> 01:09:55.479 tax on the capital gains when you do your binance selling. 1263 01:09:55.479 --> 01:09:58.319 But what I said, we're not talking about buinance selling. 1264 01:09:58.920 --> 01:10:04.760 We're talking about buying, accumulating and compounding for the next 1265 01:10:04.960 --> 01:10:08.840 ten years at least. So the buyers and guys at 1266 01:10:08.880 --> 01:10:11.359 the Guys Invester were on bothect defeated. This is what 1267 01:10:11.439 --> 01:10:13.920 I'm saying the the guy he defeated, but he said, listen, 1268 01:10:13.960 --> 01:10:17.000 if you're if you are trading and you are buying, 1269 01:10:17.800 --> 01:10:20.600 I can make more than you. And he proved it 1270 01:10:20.880 --> 01:10:23.439 over a ten year in real life. I'm asking you 1271 01:10:23.520 --> 01:10:24.319 to copy him. 1272 01:10:25.159 --> 01:10:26.000 Copy him. Now. 1273 01:10:26.439 --> 01:10:29.279 Does it mean that tomorrow, if you get excess money 1274 01:10:29.359 --> 01:10:31.880 you can trade. No, it is that have this portfolio, 1275 01:10:31.960 --> 01:10:34.520 your long term portfolio. If you now have loose money, 1276 01:10:34.880 --> 01:10:38.319 open up a trading portfolio and start to trade. Not problem, 1277 01:10:38.760 --> 01:10:42.960 but start with this one. Start with this triangle broad 1278 01:10:43.039 --> 01:10:46.960 based portfolio of your long term savings, then built from them. 1279 01:10:47.359 --> 01:10:48.159 Does that make sense? 1280 01:10:49.079 --> 01:10:50.000 Yeah? Yeah, I get that. 1281 01:10:50.479 --> 01:10:56.279 Excellent, fantastic. Let's get who defy scholar defie? 1282 01:10:56.279 --> 01:10:56.880 How you don't. 1283 01:10:59.439 --> 01:11:01.039 Find some Yes? 1284 01:11:02.800 --> 01:11:07.199 Okay, So in question, I have this weak immuni stock explaining. 1285 01:11:07.319 --> 01:11:09.479 So I wanted to know if I'm I. 1286 01:11:09.560 --> 01:11:12.439 Go to Boom and I open our accounts and I 1287 01:11:12.560 --> 01:11:15.720 buy something like your own the it, how is. 1288 01:11:15.840 --> 01:11:19.920 It investing going to work like the did if I have. 1289 01:11:19.960 --> 01:11:23.039 To perform the action on any specially and I'm supposed 1290 01:11:23.039 --> 01:11:23.520 to do tay. 1291 01:11:23.880 --> 01:11:26.640 That's a great question. So ask them, ask them about that. 1292 01:11:26.880 --> 01:11:29.920 Ask them how do I reinvest If I get a dividends, 1293 01:11:30.359 --> 01:11:31.960 will they pay me in dollars? 1294 01:11:32.039 --> 01:11:33.279 Will they pay me in naira? 1295 01:11:33.520 --> 01:11:36.800 Ask them. Whatever they answer, that will be your next point. 1296 01:11:36.880 --> 01:11:38.279 Right they said, oh, they're going to pay to your 1297 01:11:38.319 --> 01:11:41.439 bank account, okay, tell them? Can I talk you automatically 1298 01:11:41.520 --> 01:11:43.960 back to buy more view? If you say no, then 1299 01:11:44.039 --> 01:11:47.920 do what I said. Get dividends, putting an account end 1300 01:11:47.960 --> 01:11:50.079 of the quarter, write a new check and give them 1301 01:11:50.119 --> 01:11:50.640 to buy more. 1302 01:11:51.119 --> 01:11:52.760 So it depends on how they are set up. 1303 01:11:53.239 --> 01:11:56.479 The ones I use that are offshore. I just stayed drip. 1304 01:11:56.760 --> 01:12:02.079 I never I've never got my dividends check ever if 1305 01:12:02.439 --> 01:12:04.960 they have, if they paid dividends, I always reinvest it 1306 01:12:05.520 --> 01:12:07.880 because if I get didens, I won't buy. I'm very 1307 01:12:07.960 --> 01:12:10.760 very bad with I've just go and buy right, but 1308 01:12:11.000 --> 01:12:13.880 leave it there. So the same way with you. If 1309 01:12:13.960 --> 01:12:16.720 you can have a diffident investment, do that. If they 1310 01:12:16.720 --> 01:12:19.760 don't have it, then do this manual way. Receive dividends 1311 01:12:19.760 --> 01:12:22.199 and then invest in them. So ask them if you 1312 01:12:22.239 --> 01:12:24.399 can ask them, now, let me know and I'll tell 1313 01:12:24.399 --> 01:12:26.119 you what to do. But act them how they operative. 1314 01:12:26.159 --> 01:12:30.720 So if you guys know Bamboo rice Cali how do 1315 01:12:30.840 --> 01:12:33.520 they pay dividence? If you can send me a DM 1316 01:12:33.800 --> 01:12:36.119 or a worl's up to it, I can look at 1317 01:12:36.159 --> 01:12:38.399 it and I can advise you. I will look at 1318 01:12:38.399 --> 01:12:40.520 my my notifications. I'm gonna look at it right now. 1319 01:12:40.640 --> 01:12:43.199 So if you guys know how tell me then I 1320 01:12:43.279 --> 01:12:46.479 can advise you. Yeah, okay, did I answer the question defined? 1321 01:12:47.800 --> 01:12:50.359 Yes, sir, Yes, sir, just able to what you mentioned. 1322 01:12:50.479 --> 01:12:54.239 Something about dividending the pact time that diffidends And I'm 1323 01:12:54.279 --> 01:12:56.000 not going to put upon you, but I think you 1324 01:12:56.079 --> 01:12:57.960 said dividends are not going. 1325 01:12:57.760 --> 01:13:00.439 To be mm hmmmmm. You're right. 1326 01:13:00.720 --> 01:13:04.640 I said that if you buy a collective investment scheme, 1327 01:13:05.439 --> 01:13:08.760 the dividends returns to you and not taxable their tax 1328 01:13:08.880 --> 01:13:11.560 exem So, if you buy a mutual phone and ATF 1329 01:13:12.000 --> 01:13:14.680 a money market phone, and they pay you a dividend 1330 01:13:14.800 --> 01:13:17.279 from that fund, you will not pay a tax on 1331 01:13:17.399 --> 01:13:19.079 that that they paid to you. That's why I said it. 1332 01:13:22.840 --> 01:13:24.520 So I think he dropped up blast. Yeah, that's what 1333 01:13:24.600 --> 01:13:27.079 I said. So let me allsread you tube questions right. 1334 01:13:27.600 --> 01:13:30.640 Could you point me in the right direction regarding strategies 1335 01:13:30.720 --> 01:13:33.359 for building wealth for a child and on looking for 1336 01:13:33.439 --> 01:13:37.600 special advice gor general guidelines. The first thing I'll say 1337 01:13:37.640 --> 01:13:39.960 is this right in my book, I have a title 1338 01:13:40.880 --> 01:13:44.079 specific for building wealth for children. How you can set 1339 01:13:44.079 --> 01:13:46.560 it up. But the easiest way to do this is this. 1340 01:13:47.359 --> 01:13:51.720 If you live in America, try to open an IRA 1341 01:13:52.399 --> 01:13:57.119 for your child. And IRA means an individual retirement account. 1342 01:13:57.760 --> 01:13:59.800 So you say, my child as a baby doesn't matter. 1343 01:14:00.640 --> 01:14:05.039 You can only pay and income only and income to 1344 01:14:05.119 --> 01:14:07.760 your child. You can't give your child money and putting 1345 01:14:07.800 --> 01:14:11.159 the ERA only end income. So what is end income? 1346 01:14:11.239 --> 01:14:13.600 The child has to have a job. Oh, can my 1347 01:14:13.680 --> 01:14:15.439 baby have a job. Of course, you mayaby can have 1348 01:14:15.479 --> 01:14:17.680 a job. Your mayby can have a job. As a model. 1349 01:14:18.159 --> 01:14:20.279 So if you have a business, you take a picture 1350 01:14:20.279 --> 01:14:23.479 of your baby. That baby is the model for your business. 1351 01:14:23.960 --> 01:14:27.399 You pay the baby a paid check literal, You do 1352 01:14:27.560 --> 01:14:29.920 a contract between your baby and your company. 1353 01:14:30.520 --> 01:14:34.720 You pay the baby the contract face for be the model. 1354 01:14:35.159 --> 01:14:36.119 You take that check. 1355 01:14:37.000 --> 01:14:41.920 You're putting the era rot rot rot era for the baby. 1356 01:14:42.439 --> 01:14:45.000 That's a completord one. Even if you can't do this, 1357 01:14:45.119 --> 01:14:47.359 there are many other apps that allow like this. There's 1358 01:14:47.399 --> 01:14:52.439 some acorns. With acorns, you can invest for the baby 1359 01:14:52.560 --> 01:14:55.720 and you can buy shares immediately for the baby legally 1360 01:14:56.359 --> 01:14:59.079 in the baby's name, the baby's Socialtificate number. 1361 01:14:59.439 --> 01:15:01.479 But let's say you don't live in America, you want 1362 01:15:01.520 --> 01:15:02.319 do that in Nigeria. 1363 01:15:02.640 --> 01:15:04.520 Go to your stomach and say, I want to put 1364 01:15:04.600 --> 01:15:07.479 up a constant account or an account by a child, 1365 01:15:07.880 --> 01:15:11.680 and I want to invest shares the child or the or. 1366 01:15:11.760 --> 01:15:13.239 The lord the child in the others. 1367 01:15:13.239 --> 01:15:16.399 I agree, open up a trustee account. I buy shares 1368 01:15:16.439 --> 01:15:19.119 the baby's name, you know, the trustee to be given 1369 01:15:19.159 --> 01:15:21.399 to the baby or to the child when there is 1370 01:15:21.439 --> 01:15:23.920 a certain age. There are many ways to do this. 1371 01:15:24.319 --> 01:15:27.319 Just ask your banker, or your broker or your lawyer. 1372 01:15:27.560 --> 01:15:29.720 They'll show you how you can build well. The best 1373 01:15:29.840 --> 01:15:32.359 way to build well for a young person is to 1374 01:15:32.520 --> 01:15:37.119 buy equities for that young person. I'm talking about forty 1375 01:15:37.199 --> 01:15:38.079 year old. I think I should. 1376 01:15:38.079 --> 01:15:38.399 I should. 1377 01:15:38.680 --> 01:15:40.319 I share this liight with you guys where I said, 1378 01:15:40.359 --> 01:15:44.600 if you wait, you lose body. If you snoose it invested, 1379 01:15:44.880 --> 01:15:47.199 you lose. If you snoose it. 1380 01:15:47.239 --> 01:15:49.520 Invested, you lose. And I give you guys the numbers. 1381 01:15:50.079 --> 01:15:50.960 The numbers are there. 1382 01:15:51.319 --> 01:15:55.119 If you have the same two hundred mira and you 1383 01:15:55.279 --> 01:15:58.720 invest when you are aged twenty, you make you make 1384 01:15:59.039 --> 01:16:01.960 to attend night house on the same time, if you 1385 01:16:02.079 --> 01:16:04.199 wait till you are thirty five, you make only eighty 1386 01:16:04.199 --> 01:16:07.640 two eighty two thousand, so you only make thirty four 1387 01:16:07.760 --> 01:16:11.079 percent if you wait for fifty years. 1388 01:16:11.119 --> 01:16:14.680 So that's how you ask that to the them about 1389 01:16:14.680 --> 01:16:15.640 how can one invest? 1390 01:16:15.720 --> 01:16:15.880 True? 1391 01:16:16.600 --> 01:16:21.920 Vagad is a company, So Vagat it sells it ETFs 1392 01:16:22.039 --> 01:16:25.319 at mutual foods. There are many copies that also offer 1393 01:16:25.479 --> 01:16:27.760 faget is like the stock broker right, it's like it's 1394 01:16:27.840 --> 01:16:30.079 like IBT six, like many sters like Afrige. So you 1395 01:16:30.159 --> 01:16:35.479 look for that company that has very very cheap expense ratio. 1396 01:16:35.840 --> 01:16:38.760 Then you buy your ETFs or mutual folds through there. 1397 01:16:39.239 --> 01:16:41.560 The issue is the same thing they're selling to you, 1398 01:16:41.760 --> 01:16:43.479 so use the cheaper. 1399 01:16:43.239 --> 01:16:46.399 World to buy it. Okay, how can we start? And 1400 01:16:46.520 --> 01:16:49.039 this is an app? Yes, they're all on an app 1401 01:16:49.119 --> 01:16:52.239 ap showing you the apps. So start tomorrow. Go to 1402 01:16:52.359 --> 01:16:55.560 your broker, go to your backer and ask them to start. Yeah, 1403 01:16:56.119 --> 01:16:57.359 is there a website? Is that? 1404 01:16:57.560 --> 01:16:57.760 Yes? 1405 01:16:58.000 --> 01:17:02.039 Go there and start start don't You can find this 1406 01:17:02.199 --> 01:17:06.000 out just ask Google or grog how can I buy equity? 1407 01:17:06.079 --> 01:17:08.640 Index fought in Nigeria to tell you to tell you 1408 01:17:09.239 --> 01:17:11.920 can I invest in the US, EAT and Niger without 1409 01:17:11.960 --> 01:17:12.960 having the US account. 1410 01:17:13.199 --> 01:17:15.279 Yes, you can use those apps. 1411 01:17:15.319 --> 01:17:21.159 We've just been showed Cowie Wise, Bamboo Shaker, you can 1412 01:17:21.239 --> 01:17:25.319 open an account in Nigeria to invest in a US. 1413 01:17:25.239 --> 01:17:27.159 ATF That's what we just explained to you. 1414 01:17:27.359 --> 01:17:32.239 Yes you can. How do I manage fees for those apps? 1415 01:17:32.359 --> 01:17:34.399 You can't manage to fece this what they ask you 1416 01:17:34.479 --> 01:17:37.159 to pay that you're going to pay unless you have 1417 01:17:37.199 --> 01:17:39.720 a better way of doing it. If your child has 1418 01:17:39.800 --> 01:17:43.680 a social section, you can go direct to America and 1419 01:17:43.760 --> 01:17:45.920 open an account. It's cheaper. But if you don't have 1420 01:17:45.960 --> 01:17:49.039 a structuring number, then you have to buy the apps. 1421 01:17:49.560 --> 01:17:55.199 Let's get your get better. You'll get better, hiding your 1422 01:17:55.319 --> 01:17:57.960 get better. I can't hear yourself. You're speaking, I can't 1423 01:17:58.000 --> 01:17:58.159 hear you. 1424 01:18:00.359 --> 01:18:06.159 Let's get a black child, black child, go ahead, black child. 1425 01:18:09.880 --> 01:18:13.520 Fine, thank you for the lessons. I just have a 1426 01:18:13.640 --> 01:18:18.439 quick question between the dividends paying stock and non dividends 1427 01:18:18.640 --> 01:18:20.279 into yeah, and how they can. 1428 01:18:20.600 --> 01:18:21.840 Impact on our portfolio. 1429 01:18:22.000 --> 01:18:24.880 Yeah, good question. I think it's a great question. So 1430 01:18:24.960 --> 01:18:25.960 let me put this way right. 1431 01:18:26.239 --> 01:18:29.640 I personally, I personally do not like stock that don't 1432 01:18:29.640 --> 01:18:34.439 pay dividends. I personally but the way Americans think is this. 1433 01:18:35.159 --> 01:18:38.319 Americans will say, why should we give you a dividend 1434 01:18:39.039 --> 01:18:42.039 when we have a better use for the money. So 1435 01:18:42.439 --> 01:18:46.079 Tesla does not pay dividend because test would say that 1436 01:18:46.159 --> 01:18:49.159 they have a better use for that money than giving 1437 01:18:49.199 --> 01:18:54.439 it to you. They can make cash cheaper, which caused 1438 01:18:54.560 --> 01:18:57.319 cost of cars to go down, which makes you invest 1439 01:18:57.439 --> 01:19:00.520 on more money. Microstoff didn't pay dividence for a very 1440 01:19:00.640 --> 01:19:04.079 very long time, so all these tech companies don't pay dividends. 1441 01:19:04.079 --> 01:19:06.439 As a matter of fact, paid dividends is looking as 1442 01:19:06.520 --> 01:19:09.279 if you are now a mature company, we basically are 1443 01:19:09.319 --> 01:19:13.000 no longer growing because a lot of guy growing, you're 1444 01:19:13.039 --> 01:19:15.960 not looking for ways to use that mondey. 1445 01:19:16.239 --> 01:19:19.640 That's their thinking. But I personally like dividends. But I 1446 01:19:19.720 --> 01:19:23.560 did see a chat words where they compared dividends paid. 1447 01:19:23.720 --> 01:19:28.319 ETFs to non DIM that paid ETFs and DIM then't 1448 01:19:28.359 --> 01:19:32.039 paid ETFs or stocks in that ETF had a higher 1449 01:19:32.279 --> 01:19:36.600 retort investment than non paid dividend ETF. So I look 1450 01:19:36.600 --> 01:19:40.199 at it as as by insurance policy, if I buy 1451 01:19:40.439 --> 01:19:44.920 a stock and the share price falls, at least I 1452 01:19:45.000 --> 01:19:49.000 got a dividend. Rabbi, is that god dividend because the 1453 01:19:49.359 --> 01:19:52.239 share price is quote unquote doesn't mean much. 1454 01:19:52.399 --> 01:19:54.039 It just means how much back it was to sell 1455 01:19:54.119 --> 01:19:54.279 to you. 1456 01:19:54.920 --> 01:19:57.439 But I get divided as real money, cash money to 1457 01:19:57.520 --> 01:20:00.039 be I can use that money, I can reinvest, I 1458 01:20:00.079 --> 01:20:03.399 can even retire with that money. Remember, the whole goal 1459 01:20:03.439 --> 01:20:07.399 of investor is to build your passive echo. The reason 1460 01:20:07.439 --> 01:20:09.000 why why do we want to do today is we 1461 01:20:09.119 --> 01:20:12.760 want to build passive income. There is no point having 1462 01:20:12.760 --> 01:20:16.840 that investment that does not pay you passive echo. What's 1463 01:20:16.880 --> 01:20:20.560 the point of having shares of a copy in America 1464 01:20:21.039 --> 01:20:24.520 where you have tied your body down, but you get 1465 01:20:24.560 --> 01:20:26.960 they give that back in dollars. What's the point pull 1466 01:20:27.000 --> 01:20:30.520 save future growths? I get it, But again, the whole 1467 01:20:30.680 --> 01:20:34.800 idea of investing is passive ecome with that wort, Buffet 1468 01:20:34.920 --> 01:20:37.920 only buys companies. He can take their cash from those 1469 01:20:38.000 --> 01:20:40.800 companies and buying new companies. So you're looking for that 1470 01:20:41.000 --> 01:20:46.560 cash return when you invest. Hope that answers your question, sir, Yeah, 1471 01:20:46.640 --> 01:20:49.760 thank you, sir, fantastic. Let's get your keep better. You're 1472 01:20:49.880 --> 01:20:53.319 to speak, you get better? Okay, you get better is 1473 01:20:53.399 --> 01:20:56.479 off completely. Let's get mister G. Mister G, how you doing, 1474 01:20:59.359 --> 01:21:11.079 mister G okay, Hi, yeah, yeah, hear, yeah, all right. 1475 01:21:11.640 --> 01:21:18.199 A couple of questions to ask, Okay, how analysia stocks 1476 01:21:18.279 --> 01:21:21.399 know if it's subali priced. Sometimes I said, some of 1477 01:21:21.520 --> 01:21:23.760 the stalks and then I want to invest in them 1478 01:21:24.359 --> 01:21:26.800 in that the blue chip or you know, glod stocks, 1479 01:21:26.840 --> 01:21:30.399 But I don't really do that. Price with the er 1480 01:21:31.880 --> 01:21:37.399 nan stock. Everything sums like premium price. Do you know 1481 01:21:37.600 --> 01:21:44.640 the difference between price and value? Okay, let let's let 1482 01:21:44.680 --> 01:21:46.840 me give you an example. Right, if you go and 1483 01:21:46.920 --> 01:21:53.159 buy beats, why you buy beats? Why why you buy? 1484 01:21:53.279 --> 01:21:57.720 Why are you buying beats? Tell me the trick question, 1485 01:21:57.800 --> 01:22:03.119 the trick question. Why do you buy beats because the 1486 01:22:03.239 --> 01:22:04.520 protein because the curbs? 1487 01:22:04.600 --> 01:22:05.680 Right? Okay? 1488 01:22:06.159 --> 01:22:11.680 Will that ever change? Will that change? It would never change, 1489 01:22:11.680 --> 01:22:14.800 I'll be okay. What about the price of bees or 1490 01:22:14.840 --> 01:22:16.520 the price of bees go up or down? 1491 01:22:16.560 --> 01:22:17.159 Does it change? 1492 01:22:18.720 --> 01:22:22.439 Yes? Yes? Okay, So the value of bees is the same, 1493 01:22:22.560 --> 01:22:26.680 it stays constant a bee, yes, But the price of 1494 01:22:26.760 --> 01:22:30.039 bas goes up and down a bee yes. So your 1495 01:22:30.159 --> 01:22:32.600 question to me is you're asking me when can I 1496 01:22:32.840 --> 01:22:37.680 know that bees is overpriced or on the price that 1497 01:22:37.800 --> 01:22:41.359 be that's true. So the way you notice you have 1498 01:22:41.479 --> 01:22:46.479 to calculate the value what we call the intrinsic value 1499 01:22:46.640 --> 01:22:49.920 of beats. What I asked you, why do you buy? 1500 01:22:50.119 --> 01:22:53.359 You said to eat because giving you protein and carbohydrates. 1501 01:22:53.680 --> 01:22:58.479 What's the value of protein and carbohydrates to you? If 1502 01:22:58.560 --> 01:23:02.239 the value to you is on thousand nira. So let's 1503 01:23:02.239 --> 01:23:05.079 say you have done your carcaich are the intrinsic value 1504 01:23:05.199 --> 01:23:08.239 of beans and the value of beans came back to 1505 01:23:08.319 --> 01:23:12.520 you at one thousand dira. So question for you, right Ebuka, 1506 01:23:13.479 --> 01:23:16.680 value of bas is what thousand? If I sell you 1507 01:23:16.840 --> 01:23:24.199 beans at bye one hundred narra, will you buy? Value 1508 01:23:24.239 --> 01:23:27.319 of business a thousand? I've offered you beans at buy 1509 01:23:27.399 --> 01:23:27.880 one hundred? 1510 01:23:27.920 --> 01:23:28.399 Will you buy? 1511 01:23:30.159 --> 01:23:33.920 Can have fair enough? You will buy because the price 1512 01:23:34.279 --> 01:23:39.039 the price of beans is below the intrinsic value of beans, 1513 01:23:39.800 --> 01:23:44.399 so it's under priced. So as a trader, you want 1514 01:23:44.479 --> 01:23:49.359 to calculate the intrinsic value of beans. Once you get 1515 01:23:49.439 --> 01:23:52.600 that number, you then want to put the price target 1516 01:23:52.600 --> 01:23:57.079 and say, once this price falls below the intrinsic value, 1517 01:23:57.159 --> 01:24:00.279 I buy. Same way, if it goes a bo the 1518 01:24:00.359 --> 01:24:06.000 intrinsic value to a percentage that I have predetermined, I sell. 1519 01:24:06.479 --> 01:24:08.439 So to answer your question, you have to know the 1520 01:24:08.640 --> 01:24:11.840 intrinsic value of that stock that you want to buy 1521 01:24:11.960 --> 01:24:15.520 or sell. What makes that stock make money? What is 1522 01:24:15.640 --> 01:24:18.600 the value of that unique setin point? If you get 1523 01:24:18.640 --> 01:24:21.720 the number to it, then you buy and sell based 1524 01:24:21.880 --> 01:24:24.640 on the intrins But again, if you want to look 1525 01:24:24.640 --> 01:24:28.520 at it this way, if the volume is dropping, the 1526 01:24:28.760 --> 01:24:34.760 value is dropping. I'll stop there and lois I's dropped off, 1527 01:24:36.079 --> 01:24:36.479 mister G. 1528 01:24:37.119 --> 01:24:37.960 Are you ready to speak now? 1529 01:24:41.119 --> 01:24:45.039 Mister G, I've called you twice, going to take you off, 1530 01:24:45.479 --> 01:24:53.439 king kV ng, kV NG. Where can I buy the book? 1531 01:24:53.439 --> 01:24:55.079 If you want to buy my book, It's only on 1532 01:24:55.279 --> 01:24:57.840 Amazon for now. I do apologize. It's only going to 1533 01:24:57.920 --> 01:25:02.039 be on Amazon for now. We know I have it 1534 01:25:02.319 --> 01:25:05.840 run in Nigeria. We did three three roles, all sold out, 1535 01:25:06.199 --> 01:25:08.920 but just on Amazon for now. Yep, go ahead, sir, 1536 01:25:11.479 --> 01:25:12.000 I can hear you. 1537 01:25:14.279 --> 01:25:14.760 I have a. 1538 01:25:17.880 --> 01:25:18.119 Question. 1539 01:25:18.680 --> 01:25:21.079 I've been twing them and you asked a quxchange for 1540 01:25:21.199 --> 01:25:25.640 like I'll say, please, now just tell you that money. 1541 01:25:25.960 --> 01:25:28.640 He's we don't come back against to buy land the property. 1542 01:25:29.239 --> 01:25:30.479 There's a complition. Why is that? 1543 01:25:31.439 --> 01:25:33.760 I'm into this strike market sounds I said, I'm wasting 1544 01:25:33.800 --> 01:25:34.159 my time. 1545 01:25:37.359 --> 01:25:38.159 I don't get the question. 1546 01:25:38.399 --> 01:25:44.560 Help us. So you you you buy stocks and then 1547 01:25:44.600 --> 01:25:47.199 you take the profit and you buy landed property. But 1548 01:25:47.479 --> 01:25:52.159 what's your question? I didn't get this question. It was 1549 01:25:52.199 --> 01:25:55.680 since about waitiness time. I didn't get a question. Really good, okay, 1550 01:25:55.920 --> 01:26:04.439 k v Angie, kV Angie, go ahead on how so 1551 01:26:04.600 --> 01:26:07.640 on YouTube openness asking how do I manage fees in 1552 01:26:07.680 --> 01:26:10.520 these apps? Like I said, those fees are a bit high, 1553 01:26:10.560 --> 01:26:13.199 but remember you're paying you're buying in naira to buy 1554 01:26:13.399 --> 01:26:16.239 US fee to buy US stock. I think those feeds 1555 01:26:16.279 --> 01:26:19.920 are charging because of that that there is really nothing 1556 01:26:19.960 --> 01:26:22.000 you can do. Really, if you want to get exposure 1557 01:26:22.079 --> 01:26:24.439 to the US market, you've got to pay for that exposure. 1558 01:26:24.479 --> 01:26:26.720 I think to come down going forward, But for now, 1559 01:26:27.520 --> 01:26:29.760 there's nothing you can do. Right, there's nothing you can 1560 01:26:29.840 --> 01:26:32.760 do about those fees that they're gonna charge you to 1561 01:26:32.880 --> 01:26:34.000 get access to the market. 1562 01:26:34.640 --> 01:26:35.560 Oh jeez. 1563 01:26:36.279 --> 01:26:39.159 Yeah, So because having difficulties starting up, let me go 1564 01:26:39.319 --> 01:26:42.560 to dms and really a few d ms there. I 1565 01:26:42.680 --> 01:26:45.960 want to ask INMUTURE if all mutual funds pay dividends 1566 01:26:46.079 --> 01:26:48.800 like VO no the DeFi you want to make sure 1567 01:26:48.840 --> 01:26:50.079 you find out if they pay. 1568 01:26:50.079 --> 01:26:51.439 They will tell you they pay. 1569 01:26:51.760 --> 01:26:56.119 There's a particular ETF called v y M v y 1570 01:26:56.359 --> 01:27:00.119 MI that is solely for dividends. So if you I 1571 01:27:00.239 --> 01:27:04.399 a Groat mutual fund that just invested in it, sometimes 1572 01:27:04.479 --> 01:27:07.520 they don't pay didn't because they are focusing on Groat 1573 01:27:08.039 --> 01:27:11.680 not value, right, So make sure you look at the prospect. 1574 01:27:12.000 --> 01:27:14.960 They will to tell you when they paid dividends last. 1575 01:27:15.439 --> 01:27:17.560 So if you're a diviidend guy, make sure you read 1576 01:27:17.600 --> 01:27:21.600 the prospective. But v OO, VT, I VT, all those 1577 01:27:21.760 --> 01:27:25.319 big ones all pay you a dividends that is correct? 1578 01:27:26.039 --> 01:27:29.239 Wasn't spoken? I've got mister G and PA. But Attacking 1579 01:27:29.319 --> 01:27:30.800 you had a question, and I think I caught your 1580 01:27:31.640 --> 01:27:35.399 to speak. So what was the question, sir? Attack? You've 1581 01:27:35.399 --> 01:27:35.800 got the flow? 1582 01:27:35.880 --> 01:27:41.600 Now, do I have an email address you want to 1583 01:27:41.640 --> 01:27:41.960 write to? 1584 01:27:42.520 --> 01:27:47.720 Yes, my first and last name at gmail. That's right there. Yeah, 1585 01:27:47.800 --> 01:27:48.640 So you know. 1586 01:27:50.800 --> 01:27:52.960 Ten years ago? Was it ten years ago? I think 1587 01:27:53.000 --> 01:27:54.079 it was five years ago? 1588 01:27:54.319 --> 01:27:57.279 On this same space on Twitter, I think I found 1589 01:27:57.319 --> 01:27:59.520 a telegram group and I told the guys to go 1590 01:27:59.720 --> 01:28:03.880 out and buy VTI. The telegram group is called invest 1591 01:28:04.000 --> 01:28:08.640 twenty thirty. Yeah, and they've all bought VTI. So yesterday 1592 01:28:08.640 --> 01:28:12.119 I asked them at what price did you guys buy VTI? 1593 01:28:12.760 --> 01:28:14.640 I know the price they bought, but I want them 1594 01:28:14.680 --> 01:28:16.960 to see their profit that they have made on just 1595 01:28:17.119 --> 01:28:18.880 buying VTI and holding. 1596 01:28:19.920 --> 01:28:24.399 So this thing is, it's not a hard concept to 1597 01:28:24.520 --> 01:28:24.960 get guys. 1598 01:28:25.079 --> 01:28:26.000 Like I said, I'm giving you. 1599 01:28:29.199 --> 01:28:29.399 Yeah. 1600 01:28:29.800 --> 01:28:33.680 So when we bought it in twenty twenty two, that's 1601 01:28:33.720 --> 01:28:36.560 what we said the Telegram Group. Twenty twenty two, VTI 1602 01:28:36.960 --> 01:28:41.760 was one hundred and sixty seven dollars, won sixty seven dollars. 1603 01:28:41.800 --> 01:28:45.079 Today Vita is about two hundred and forty. So all 1604 01:28:45.159 --> 01:28:48.119 the guys that basically did what I'm telling to do 1605 01:28:48.279 --> 01:28:52.199 now made a one hundred percent return on their cap, 1606 01:28:52.279 --> 01:28:57.359 on their principal in dollars. One hundred percent return. It's 1607 01:28:57.439 --> 01:29:02.239 not magic, i''s nothing new. You buy an ascid that's 1608 01:29:02.239 --> 01:29:04.520 going to go up in price and you just leave 1609 01:29:04.520 --> 01:29:07.119 it alone. You don't trade it. You don't just leave 1610 01:29:07.159 --> 01:29:09.560 it alone. If it's a good asset, why are you 1611 01:29:09.640 --> 01:29:14.199 selling it? So five years ago they bought VTI, they've 1612 01:29:14.199 --> 01:29:15.800 made one hundred percent. I'm telling you gut to do 1613 01:29:15.800 --> 01:29:18.600 the exact same thing. Will the stock markets fall, Yes, 1614 01:29:18.800 --> 01:29:22.960 the market will fall. Stocks go up, stocks came down 1615 01:29:23.239 --> 01:29:26.680 but what is the trend? Look at the trend? What 1616 01:29:26.960 --> 01:29:30.600 is the trend? The trend is always your friend tomorrow 1617 01:29:30.720 --> 01:29:33.279 the entire market why it is crash to zero, But 1618 01:29:33.439 --> 01:29:37.520 don't sell, buy more. I bet your cost and stay 1619 01:29:37.600 --> 01:29:39.840 there because if the whole market crashes, and their whole 1620 01:29:39.880 --> 01:29:43.079 economy has crashes, has crashed on the market will still recover. 1621 01:29:43.439 --> 01:29:46.239 Right, So I answer that question for you? How can 1622 01:29:46.279 --> 01:29:47.600 I get your book of answer that question? 1623 01:29:48.119 --> 01:29:51.520 Telegram stock, you're extremely green. If you are green, you've 1624 01:29:51.600 --> 01:29:54.000 got to do a lot of reading. You've got to 1625 01:29:54.079 --> 01:29:55.800 do a lot of reading. The sound is going, Oh 1626 01:29:55.840 --> 01:29:59.640 my god, I'm so sorry, guys. I think the sound 1627 01:29:59.680 --> 01:30:02.119 went off on Twitter. So you two guys are hearing 1628 01:30:02.199 --> 01:30:04.199 me so, like I was saying, on on on, I'm 1629 01:30:04.239 --> 01:30:08.920 so sorry about that, guys. I think the sound went off. Yeah, 1630 01:30:09.279 --> 01:30:11.840 two term my kick us off very soon. I think 1631 01:30:12.079 --> 01:30:14.640 two tim kick us off very soon. It's looking that 1632 01:30:14.720 --> 01:30:20.279 I see looking very very dicey. I'm so sorry, guys. Yeah, 1633 01:30:20.479 --> 01:30:25.159 so again, like I said five years ago, in twenty twenty, 1634 01:30:25.399 --> 01:30:28.039 we had a on Twitter. I had a challenge where 1635 01:30:28.039 --> 01:30:31.079 we asked folks to go out and buy VTI the 1636 01:30:31.239 --> 01:30:33.640 same thing I said here I told the younger folks 1637 01:30:33.680 --> 01:30:36.600 that listened to me, go and buy VTI. Why because 1638 01:30:36.720 --> 01:30:40.079 the US market you are younger, put your one in VTI. 1639 01:30:40.199 --> 01:30:44.680 Why atual you created a telegram group called invest twenty thirty. 1640 01:30:44.840 --> 01:30:47.680 So I asked them yesterday as at half year, I 1641 01:30:47.800 --> 01:30:51.000 target is ten years. Well five years in they made 1642 01:30:51.039 --> 01:30:56.119 one hundred percent on their investment in BTI, so VTI 1643 01:30:56.479 --> 01:30:59.479 vo almost the same thing. View is just five hundred 1644 01:30:59.560 --> 01:31:02.960 vitas for the five hundred they invested, about one when 1645 01:31:03.000 --> 01:31:05.680 they bought twenty two days about one is seven dollars 1646 01:31:06.680 --> 01:31:09.720 past stock by ETF unit. Now it's about three hundred 1647 01:31:09.760 --> 01:31:12.479 and forty one hundred percent return. So these things are 1648 01:31:12.600 --> 01:31:17.239 not it's not magic. It's just reinvesting and compounding as 1649 01:31:17.279 --> 01:31:21.079 apparently how you make the fund right, So going there, guys, 1650 01:31:21.119 --> 01:31:24.520 don't don't wait, don't don't wait for I'm not making money. 1651 01:31:25.199 --> 01:31:27.800 The minimum is for stocks, and that it's five thousand 1652 01:31:27.840 --> 01:31:30.119 dollars to hope. Open an ETF account or reaches for 1653 01:31:30.119 --> 01:31:33.800 an account, or it's just account, open up a CSCs 1654 01:31:33.960 --> 01:31:36.840 that pocket money you get buy stocks forget about it. 1655 01:31:37.880 --> 01:31:40.840 Leave this training alone, leave this a gambling thing. Leave 1656 01:31:40.880 --> 01:31:44.439 it alone it to ruin you crypto. You don't make 1657 01:31:44.560 --> 01:31:47.680 enough money to trade crypto. But this is an okay 1658 01:31:47.760 --> 01:31:50.239 one for you. You can buy equities, you can have it, 1659 01:31:50.399 --> 01:31:52.199 you can hold it. After ten years. 1660 01:31:52.520 --> 01:31:55.600 You will not lose money. It's difficult for you. 1661 01:31:55.640 --> 01:31:58.479 To lose money in an index fund, very very difficult, 1662 01:31:58.560 --> 01:32:02.079 unless the entire economy because you dian or so many 1663 01:32:02.159 --> 01:32:03.039 where everything is gone. 1664 01:32:03.319 --> 01:32:05.159 Do you go lose that money? You know? 1665 01:32:05.239 --> 01:32:05.600 How you doing? 1666 01:32:05.640 --> 01:32:06.319 I love it's ahead? 1667 01:32:09.359 --> 01:32:15.520 Are you? I hope you can hear me better and 1668 01:32:15.880 --> 01:32:19.800 please go ahead to the question. Yeah, go ahead, Yes, 1669 01:32:22.760 --> 01:32:23.159 how are you doing? 1670 01:32:23.239 --> 01:32:23.319 Sir? 1671 01:32:24.720 --> 01:32:29.760 Yeah, I'm good? Yeah, other homos, thank you for. 1672 01:32:31.399 --> 01:32:34.439 Because if I listening to you the same program like yeah, 1673 01:32:36.039 --> 01:32:40.720 and I've three of those things that I am right, I. 1674 01:32:41.279 --> 01:32:45.880 Want to appreciate you really appreciate thank you because I'm 1675 01:32:45.920 --> 01:32:49.520 love here and grow up blest and. 1676 01:32:49.560 --> 01:32:54.560 I would yeah, they would center down, you know, fromformers. 1677 01:32:54.039 --> 01:33:00.000 And to ches. So now I want to diverse to univers. 1678 01:33:01.399 --> 01:33:06.920 Rau from my young stock, buy a reserve so you know, 1679 01:33:07.239 --> 01:33:07.880 don't learn. 1680 01:33:08.960 --> 01:33:10.720 I think I treat you if you can't remember when 1681 01:33:10.720 --> 01:33:15.960 we're getting you with shard all about distinct that time. 1682 01:33:17.359 --> 01:33:18.239 I was talking about. 1683 01:33:20.159 --> 01:33:23.039 Yeah, I don't know if you remember, Yes, I don't know. 1684 01:33:23.159 --> 01:33:27.159 I tried to don't fish to ecutumatic investments instead of 1685 01:33:28.000 --> 01:33:31.600 arrest and store ten. 1686 01:33:32.079 --> 01:33:33.920 So I'm trying to learn more about it now. 1687 01:33:34.600 --> 01:33:37.960 But I'm trying to keep to your madri right. 1688 01:33:38.399 --> 01:33:42.439 So this did she I galimation and I tried to 1689 01:33:42.479 --> 01:33:43.439 fall on their animation. 1690 01:33:44.159 --> 01:33:46.920 I'm ready about that too, But then again I was 1691 01:33:46.960 --> 01:33:49.199 thinking about, you know what, I. 1692 01:33:49.399 --> 01:33:50.840 Have large capitalctice. 1693 01:33:50.920 --> 01:33:53.920 Part of that argues, so I'm changing that. 1694 01:33:55.000 --> 01:33:55.760 What about it. 1695 01:33:57.399 --> 01:33:59.399 Like outcomes only get release of. 1696 01:33:59.680 --> 01:34:03.399 All the new something that just getting listed on stop action. 1697 01:34:05.000 --> 01:34:08.119 Whether if I'm in the stock when you are a 1698 01:34:08.199 --> 01:34:13.479 very bad h you strictly advised this RETI view and 1699 01:34:13.920 --> 01:34:16.479 as avel things I just want to. 1700 01:34:16.560 --> 01:34:20.880 Know because I don't I want to start with depanding 1701 01:34:21.079 --> 01:34:22.279 for the boring talk. 1702 01:34:22.880 --> 01:34:23.399 I was in the. 1703 01:34:25.079 --> 01:34:26.600 Stock, I don't know. 1704 01:34:28.439 --> 01:34:33.079 We have the new listed stop we have now amounts 1705 01:34:34.159 --> 01:34:37.199 whether you know where, Yes, I have that cogret thousand 1706 01:34:37.560 --> 01:34:40.439 like I used to project with the amount of of 1707 01:34:40.600 --> 01:34:46.000 stock on those new really and new stage stock in US. 1708 01:34:46.800 --> 01:34:49.560 So look at for advances, Yeah, look at it this way, right, 1709 01:34:49.640 --> 01:34:52.680 So look look at the point I'm making what's an 1710 01:34:52.760 --> 01:34:53.560 index fund. 1711 01:34:54.039 --> 01:34:56.600 An index fund is you go to the market today, 1712 01:34:57.159 --> 01:34:59.680 you want to you want to buy things. 1713 01:34:59.720 --> 01:35:03.119 You don't have enough money. There's rice, there's yem, there's 1714 01:35:03.600 --> 01:35:07.039 there's oil, there's chicken, there's tourky, there's pepper, there's maggie. 1715 01:35:07.079 --> 01:35:09.279 You don't have going to buy all those things. 1716 01:35:09.920 --> 01:35:10.600 So what do you do? 1717 01:35:11.159 --> 01:35:13.000 You say, Okay, I'm going to have a basket. 1718 01:35:13.399 --> 01:35:16.079 Give me five nire rice, give me a five turkey, 1719 01:35:16.239 --> 01:35:18.239 give me a five another oil. You buy five five 1720 01:35:18.279 --> 01:35:20.800 five into that basket. Then you take that basket home 1721 01:35:21.279 --> 01:35:23.520 and you do gelo fries. You don't buy a bag 1722 01:35:23.560 --> 01:35:26.000 of rice, you don't buy it enough oil, just buy 1723 01:35:26.039 --> 01:35:28.600 you know, you're just buying small, small, small, into that 1724 01:35:28.720 --> 01:35:30.520 bag of rice. Once you buy that bag of rice, 1725 01:35:30.560 --> 01:35:33.239 you take it home. So do that basket you go 1726 01:35:33.359 --> 01:35:36.199 my ideal jel of fries. That's what the index fund is. 1727 01:35:36.680 --> 01:35:40.760 When you buy the index fund, you have automatically bought 1728 01:35:41.119 --> 01:35:44.680 all those stocks. When you see mister Urrel Buffett says 1729 01:35:44.760 --> 01:35:47.439 buy s and P five hundred, that means you are 1730 01:35:47.520 --> 01:35:51.119 buying the top five hundred stocks in America by just 1731 01:35:51.239 --> 01:35:57.640 buying that one index fund. You see that's the point. 1732 01:35:58.199 --> 01:36:00.920 If you try to buy those stocks buy yourself. You 1733 01:36:01.000 --> 01:36:04.319 don't have the money. So number one is cheaper. Number 1734 01:36:04.399 --> 01:36:07.079 two is that massification. Number I shared with you, the 1735 01:36:07.920 --> 01:36:11.119 I share with you, the the the costumes of the 1736 01:36:11.199 --> 01:36:14.000 index fund. It's all those big stocks, you know, the 1737 01:36:14.119 --> 01:36:17.399 test Last, the Alphabet, the Googles, the Amazon, They're all there. 1738 01:36:18.000 --> 01:36:21.239 So you buy with one dollar, you are getting access 1739 01:36:21.279 --> 01:36:22.720 to five hundred companies. 1740 01:36:23.199 --> 01:36:24.520 So do that first. 1741 01:36:25.520 --> 01:36:30.159 Understand the market first. Then tomorrow you can say I 1742 01:36:30.600 --> 01:36:32.600 now know more about the market. I can work by 1743 01:36:33.039 --> 01:36:37.520 individual stocks. You follow what I'm saying, Start off with 1744 01:36:37.640 --> 01:36:41.359 the index first, then do the individual because that's why 1745 01:36:41.399 --> 01:36:44.800 mister Warren Buffett, the richest guide and the guy we're 1746 01:36:44.800 --> 01:36:47.560 all respect and investing, that's what he has access to do. 1747 01:36:47.960 --> 01:36:49.880 Not because we should follow him blindly, but he has 1748 01:36:50.000 --> 01:36:52.159 shown us that if you do it that way, you 1749 01:36:52.359 --> 01:36:56.960 beat trading. That's what he's saying. So do it that way. 1750 01:36:57.359 --> 01:36:59.079 Then if you then have more money, you can have 1751 01:36:59.159 --> 01:37:01.680 a treading account, you can have your own other account, 1752 01:37:01.760 --> 01:37:03.800 but do it this way to start with. It will 1753 01:37:03.840 --> 01:37:04.119 help you. 1754 01:37:04.439 --> 01:37:09.039 Yeah, makes sense, okay, Enno. 1755 01:37:09.199 --> 01:37:14.880 Question, Let's get cost mass c os MS building a 1756 01:37:15.000 --> 01:37:19.119 brand in finance market that helps individuals understand the retailers 1757 01:37:19.239 --> 01:37:22.840 psychology and how to navigate costomers. 1758 01:37:22.920 --> 01:37:26.880 You've got the floor, please go ahead, Okay, thank you, 1759 01:37:28.479 --> 01:37:32.079 I can sir, okay, thank you for the opportunity. 1760 01:37:32.279 --> 01:37:33.199 Like you're doing great. 1761 01:37:33.239 --> 01:37:36.399 I ha been following you since twenty twenty two, twenty 1762 01:37:36.520 --> 01:37:37.119 twenty three. 1763 01:37:38.199 --> 01:37:41.800 Who'st in space with let media and dec You have 1764 01:37:42.000 --> 01:37:45.239 been a blessing to me and dog, so two individuals 1765 01:37:45.319 --> 01:37:48.399 who is putting what your teaching in the industries that's 1766 01:37:48.439 --> 01:37:53.600 about asking custom but is just the compliments your geneer. 1767 01:37:54.399 --> 01:37:58.000 What you're doing in this space is very fantastic. Is 1768 01:37:58.119 --> 01:38:02.800 your space that I can't are knowing about Facebook stock 1769 01:38:02.880 --> 01:38:06.239 when it was trading around the one hundred dollars, but 1770 01:38:06.439 --> 01:38:09.479 currently I think around sis area and the system which 1771 01:38:09.479 --> 01:38:12.520 I bought some shares and the other ones. And also 1772 01:38:12.640 --> 01:38:18.600 the insights about the researcher it's now instruments about researching 1773 01:38:18.600 --> 01:38:23.000 and other sense that helps two young ones to position 1774 01:38:23.159 --> 01:38:26.880 in the financial market. So my contribution is you're doing 1775 01:38:26.960 --> 01:38:30.039 a great job and what you are teaching and putting 1776 01:38:30.920 --> 01:38:35.199 all of them into execution, which is yielding a lot 1777 01:38:35.279 --> 01:38:40.439 of the profit for me. And doctor to the investment category, 1778 01:38:41.319 --> 01:38:45.239 researching some stocks and knowing how to navigate the financial market. 1779 01:38:45.319 --> 01:38:47.840 So it just a compliment what you're doing. It just 1780 01:38:48.640 --> 01:38:51.920 is not only talking, but you are improving lives. 1781 01:38:52.000 --> 01:38:55.439 And I'm one of them that you help in the industry, 1782 01:38:55.800 --> 01:38:59.239 which I invested the LA and I'm seeing the returance 1783 01:38:59.359 --> 01:39:03.079 both Clean's Back or It's they're just companies in America. 1784 01:39:03.159 --> 01:39:06.159 When we are treating below under the pot's go and 1785 01:39:06.279 --> 01:39:06.640 check them. 1786 01:39:06.720 --> 01:39:10.359 Now Clean's Back is trading a fifty eight dollars one 1787 01:39:10.520 --> 01:39:12.920 is ten dollars of pots that we are treated as 1788 01:39:12.920 --> 01:39:14.880 an appoint five both because of the knowledge and got 1789 01:39:14.960 --> 01:39:17.279 from your space ie research and that got them earlier, 1790 01:39:17.720 --> 01:39:20.359 which they're in my portfolio and bambook which they are 1791 01:39:20.399 --> 01:39:24.720 you the a lot of returns that is imaginable. So 1792 01:39:24.800 --> 01:39:27.039 I'm so happy for your space and then following you 1793 01:39:27.159 --> 01:39:28.279 back to back and dog so. 1794 01:39:28.760 --> 01:39:30.359 You're doing a great job in the industry. 1795 01:39:30.399 --> 01:39:32.159 Thank you and God bless you. Thanks. 1796 01:39:32.159 --> 01:39:34.680 I appreciate the comments. Really do The best way you 1797 01:39:34.760 --> 01:39:38.640 can support me is to also let me give you 1798 01:39:38.760 --> 01:39:41.199 a challenge, right, maybe buy a book and give someone 1799 01:39:41.239 --> 01:39:43.399 for free. Get one of my books and give someone 1800 01:39:43.520 --> 01:39:46.279 for free so they can read and also try to catch. 1801 01:39:46.319 --> 01:39:48.840 Most of the stuff I say here is in the book. 1802 01:39:48.920 --> 01:39:52.720 I have a passion to educate about for the show literature, 1803 01:39:52.760 --> 01:39:54.239 so I want you to do that for me. That 1804 01:39:54.600 --> 01:39:57.479 would be a good way for you to to support me. 1805 01:39:57.640 --> 01:40:00.479 Get the book, give someone for free so these learn 1806 01:40:01.079 --> 01:40:03.640 So again, just to say this, right, I'm a bit disappointed. 1807 01:40:03.960 --> 01:40:06.840 I asked the ladies to come in and ask questions. 1808 01:40:07.000 --> 01:40:10.079 I've not seen one lady coming to ask a question. 1809 01:40:11.000 --> 01:40:13.000 You know, if I had done this space and I 1810 01:40:13.079 --> 01:40:16.479 had charged five thousand niner, I won't have sitting room. 1811 01:40:16.560 --> 01:40:18.359 You know that, right. But on this space and I 1812 01:40:18.399 --> 01:40:21.199 said you're gonna have to pay five grand and you're 1813 01:40:21.199 --> 01:40:22.920 gonna have to come listen to me, there will be 1814 01:40:23.279 --> 01:40:29.079 no room because it's free. So it's not coming. So 1815 01:40:29.640 --> 01:40:31.359 maybe next time we'll make it. We'll make it pain 1816 01:40:31.520 --> 01:40:35.159 only and then that way we can get more participation. Yeah, 1817 01:40:35.680 --> 01:40:38.239 you guys, So we've got a book. I think I've 1818 01:40:38.319 --> 01:40:42.319 spoken in life, we've spoken. Who hasn't spoken? Who hasn't 1819 01:40:42.359 --> 01:40:44.640 spoken on DM. Let's make sure I read the DM. 1820 01:40:44.760 --> 01:40:49.119 So I get everyone in here and then you got it. Yes, 1821 01:40:49.199 --> 01:40:53.600 so someone is extend. It's called Yeah, VT S A X. 1822 01:40:53.720 --> 01:40:54.479 That is correct. 1823 01:40:55.039 --> 01:40:58.520 VT s a X is how it is usually called 1824 01:40:58.600 --> 01:41:03.399 sometimes as the index phone. VT s X is the 1825 01:41:03.520 --> 01:41:06.560 index phone. On the ETF side. It should be called 1826 01:41:06.960 --> 01:41:11.359 the s M P five and all that. Yes, J. 1827 01:41:11.760 --> 01:41:16.439 Collins, uh so, yeah, that's the index phone to be. 1828 01:41:16.720 --> 01:41:17.760 That's the index phone. 1829 01:41:17.800 --> 01:41:21.880 But all the other ETFs track that index. The index 1830 01:41:22.039 --> 01:41:26.520 is just the what where, It's just the comdition of 1831 01:41:26.560 --> 01:41:29.000 all those stocks. Right. Then you can have an ETF 1832 01:41:29.079 --> 01:41:31.680 that will track and say I'm going to replicate that index. 1833 01:41:31.800 --> 01:41:34.640 Once you buy my ETF, you are buying the index. 1834 01:41:34.680 --> 01:41:36.520 That's exactly what you're doing. So you can buy the 1835 01:41:36.680 --> 01:41:39.399 V O H D VT. I. Let's say you want 1836 01:41:39.439 --> 01:41:43.439 to buy all the stocks on earth quote unquote the 1837 01:41:43.479 --> 01:41:45.199 good ones. Right, I want to buy all the good 1838 01:41:45.239 --> 01:41:48.560 stocks on Earth. When I is US, Nigeria, and America. 1839 01:41:49.199 --> 01:41:51.720 Just buy VT. That's Google VT. 1840 01:41:52.560 --> 01:41:56.800 That's all the stocks South Korea, Nigeria, Nigel, Niger is 1841 01:41:56.840 --> 01:42:02.279 there above South Korea, America, China, Japan, and Canada's all 1842 01:42:02.359 --> 01:42:05.439 going to be in that VT. Nigeria used to have 1843 01:42:05.600 --> 01:42:10.000 an ETF that it was called the m CI ms 1844 01:42:10.079 --> 01:42:14.920 CI Nigeria and ETFs where you could buy that particular 1845 01:42:15.039 --> 01:42:16.439 ETF anywhere. 1846 01:42:16.039 --> 01:42:17.760 In the world, and then of course you are buying 1847 01:42:18.359 --> 01:42:19.640 the Nigeria and stock back. 1848 01:42:19.840 --> 01:42:22.560 But they stopped it. That was under from our president 1849 01:42:22.640 --> 01:42:26.760 because we went the dollar was tight. They didn't want 1850 01:42:26.880 --> 01:42:29.720 that people would buy. People want to sell, they can't 1851 01:42:29.800 --> 01:42:32.880 get dollar, so they stopped it. So if if the 1852 01:42:33.039 --> 01:42:37.079 economy improves and we get more dollar circulation, perhaps they 1853 01:42:37.079 --> 01:42:40.119 will restart it. If they restarted, most of you guys 1854 01:42:40.159 --> 01:42:44.199 can just buy that ETF and it replicates what's happening 1855 01:42:44.760 --> 01:42:47.680 in Nigeria as well. So that's one on our hopes. 1856 01:42:47.720 --> 01:42:51.199 I can get that going. If it was MSCI that 1857 01:42:51.359 --> 01:42:54.399 had it before then it was stopped. So yeah, Toby, 1858 01:42:54.479 --> 01:43:04.079 what's up him? Good about that? I wanted to ask, 1859 01:43:05.359 --> 01:43:11.199 can you talk about the psychology of human entirely when 1860 01:43:11.279 --> 01:43:16.239 it comes to investing. It seems like we've been talking 1861 01:43:16.239 --> 01:43:18.520 about this over and over and over for so many years, 1862 01:43:20.000 --> 01:43:23.560 but then people still find it difficult to stay put 1863 01:43:24.479 --> 01:43:26.279 invest that cost. 1864 01:43:26.159 --> 01:43:30.199 Average and then you just skip buying, and then people like. 1865 01:43:30.319 --> 01:43:34.479 Something flashes like something very very interesting, then go inside 1866 01:43:34.520 --> 01:43:38.119 for it, buy it, and then it's paused and then they'll. 1867 01:43:38.359 --> 01:43:39.880 Come back again and start all over again. 1868 01:43:40.520 --> 01:43:43.640 What is the thing about about the human mind that really, 1869 01:43:43.720 --> 01:43:47.399 really it's our imagination of lets people just stay on 1870 01:43:47.720 --> 01:43:52.800 one very proven strategy by and let it just go. 1871 01:43:53.439 --> 01:43:55.279 You have you have a lot of experience, but a 1872 01:43:55.279 --> 01:44:00.760 lot of people. Can you just help me understand to me, 1873 01:44:00.800 --> 01:44:03.319 that's a great question. You know in the Bible that 1874 01:44:03.439 --> 01:44:06.159 this story in the Bible about I forget the guy's name. 1875 01:44:06.239 --> 01:44:08.399 He was the guy, he was a cat, not the god. 1876 01:44:09.079 --> 01:44:11.479 And he went to Elisha. I don't want to kill 1877 01:44:11.520 --> 01:44:12.479 my Bible studies. Year. 1878 01:44:12.800 --> 01:44:15.960 The general went to Elisha and said, I. 1879 01:44:16.039 --> 01:44:19.279 Have leprosy, and I want you to cure my leprosy 1880 01:44:19.279 --> 01:44:21.880 even today with a leprosy if ever, very contigious disease. 1881 01:44:21.960 --> 01:44:23.520 You know, if you have it, it's bad. You know. 1882 01:44:23.600 --> 01:44:25.880 It was a lepard. And when he went to the 1883 01:44:26.039 --> 01:44:28.239 to the to the quote and quote to the sage, 1884 01:44:28.279 --> 01:44:31.399 he says, says, go take a bad seven times. End 1885 01:44:31.479 --> 01:44:35.159 of story. What a story about. This is a simple 1886 01:44:35.199 --> 01:44:37.560 thing to do. It wasn't that the river would cure 1887 01:44:37.640 --> 01:44:41.560 him about his fate in listening to someone that knows 1888 01:44:41.600 --> 01:44:44.399 what he's doing about what's going to cure him. Warren 1889 01:44:44.479 --> 01:44:47.520 Buffett has said, if you want to make money, bad 1890 01:44:47.640 --> 01:44:51.560 index fund. He didn't say trade, he said take your money. 1891 01:44:51.600 --> 01:44:55.119 You're one dollar Bay index fund. Leave it alone. That's 1892 01:44:55.119 --> 01:44:58.840 what means. I would prophet said, if you simply go 1893 01:44:59.000 --> 01:45:01.880 by fate and do it, because it sounds so simple, 1894 01:45:02.560 --> 01:45:05.159 we don't believe it. Same with the general guy. He 1895 01:45:05.239 --> 01:45:08.199 didn't want to go to bid because he said el 1896 01:45:08.199 --> 01:45:11.079 actually had told him, bring one hundred cows they must 1897 01:45:11.159 --> 01:45:14.800 be white, then bring one hundred pigeons they must be black, 1898 01:45:15.640 --> 01:45:18.720 then kill them at exactly eleven o'clock, and your leperson 1899 01:45:18.720 --> 01:45:20.680 will go. He would have done it, and you know 1900 01:45:21.199 --> 01:45:23.960 he wanted something complicated. But in a human mind, if 1901 01:45:24.000 --> 01:45:29.640 something is complicated, it's true. If it's simple, it's too simple, 1902 01:45:29.920 --> 01:45:32.760 everybody would do it. So on this space we have 1903 01:45:33.159 --> 01:45:35.560 close to three town poods have joined this space. 1904 01:45:36.159 --> 01:45:39.399 Three thousand. I've studied again on this space in. 1905 01:45:39.600 --> 01:45:43.920 Twenty twenty, twenty twenty five years ago or six years ago, right, 1906 01:45:44.359 --> 01:45:48.079 we had this exact same space. Well, we've told folks 1907 01:45:48.119 --> 01:45:51.000 to go buy VT. I never recommend, but I said this, 1908 01:45:51.239 --> 01:45:53.760 if you are young, go buy VT. I've got this. 1909 01:45:54.720 --> 01:45:58.239 It's an equity phone. You're invested in America. Some people 1910 01:45:58.359 --> 01:46:01.359 did it, somepled doing the guess I did. Today. 1911 01:46:01.479 --> 01:46:03.119 Are on a telegram group. 1912 01:46:03.239 --> 01:46:03.479 I'm not. 1913 01:46:04.039 --> 01:46:04.560 They're there. 1914 01:46:04.640 --> 01:46:07.000 They're gonna come out, and they're there. They ad made 1915 01:46:07.000 --> 01:46:10.600 one hundred percent return what they did in trade. The 1916 01:46:10.960 --> 01:46:15.319 entire group is buy dollar cost average, don't sell, don't 1917 01:46:15.359 --> 01:46:19.119 do anything. Just buy it, leave it alone. Rip Van 1918 01:46:19.279 --> 01:46:21.840 winkle Port for the what people don't do. People want 1919 01:46:21.920 --> 01:46:26.439 something sexy. I want to buy crypto binary assets that 1920 01:46:26.600 --> 01:46:29.199 I take a loan and I buy it and then 1921 01:46:29.279 --> 01:46:32.920 hopefully it gets to ten percent and I sell that. 1922 01:46:33.079 --> 01:46:38.720 There's no profit in that. Investing is very boring and patient, 1923 01:46:38.880 --> 01:46:39.760 and you have to vote. 1924 01:46:39.800 --> 01:46:41.840 The principles. What are the principles? 1925 01:46:42.520 --> 01:46:53.359 Start early, compound, reinvest your dividends. Start early compound, reinvest 1926 01:46:53.439 --> 01:46:54.119 your dividends. 1927 01:46:54.199 --> 01:46:54.520 That's it. 1928 01:46:55.359 --> 01:46:59.479 There's nothing else to invest in. Start early, compound, reinvest 1929 01:46:59.560 --> 01:47:02.960 your dividiate. That's it. The rich average day because they 1930 01:47:03.039 --> 01:47:08.319 have compounding, their compound their investments. What's the company? The 1931 01:47:08.439 --> 01:47:14.720 company sells goods and does retained earnings, right, they compound them. 1932 01:47:14.880 --> 01:47:18.600 Tax laws tell a company if you make a profit, 1933 01:47:18.800 --> 01:47:21.399 but you use funds to make that profit will allow 1934 01:47:21.520 --> 01:47:23.720 you not to pay tax on it, so they have 1935 01:47:23.800 --> 01:47:29.680 an advantage in builds to compound profits, so the value 1936 01:47:29.800 --> 01:47:33.720 of the company keeps on rising. Even when traders. If 1937 01:47:33.720 --> 01:47:36.359 you trade in America and you do not, if you 1938 01:47:36.479 --> 01:47:40.039 sell your portfolio within a year, the US government will 1939 01:47:40.159 --> 01:47:44.000 tax you more than if you sell your portfolio after 1940 01:47:44.159 --> 01:47:44.479 a year. 1941 01:47:44.560 --> 01:47:48.000 So when US comment is telling you don't trade, but 1942 01:47:48.119 --> 01:47:49.199 we have day traders. 1943 01:47:49.560 --> 01:47:52.319 So it's always a very very good obsertion and your 1944 01:47:52.359 --> 01:47:56.119 braver but that we want to do the complicated. 1945 01:47:56.000 --> 01:47:58.359 When the simple is right in front of us, and 1946 01:47:58.439 --> 01:47:59.520 I've given you the pathway. 1947 01:48:00.039 --> 01:48:03.000 If you're in Nigeria today, go and open up a 1948 01:48:03.119 --> 01:48:06.520 retirement savings account. Why rc Why not bag account? 1949 01:48:06.560 --> 01:48:09.079 Because RSA has tax advantages. 1950 01:48:09.680 --> 01:48:13.479 Wants to open that account, take money from your paycheck, 1951 01:48:14.279 --> 01:48:19.560 putting that RAS because the ARRS does automatic compounding for you. 1952 01:48:20.359 --> 01:48:24.079 Invest in front one of fund two that has a 1953 01:48:24.239 --> 01:48:31.279 high equity composition. Leave that RSA alone. Contribute monthly, Just 1954 01:48:31.479 --> 01:48:34.239 leave it alone. When you retire, you're going to have 1955 01:48:34.479 --> 01:48:37.000 more money than you're putting. Someone's want to say, what 1956 01:48:37.199 --> 01:48:40.119 about inflation, Yes, there's going to be a big inflation 1957 01:48:40.399 --> 01:48:49.000 because the RSA but stocks have beating arrases. RSSA has 1958 01:48:49.119 --> 01:48:55.680 beaten inflation in Nigeria because starks have beating inflation. So 1959 01:48:55.800 --> 01:48:58.239 if you want to be more you want to be 1960 01:48:58.399 --> 01:49:02.920 more aggressive, you RSA, do a separate fund. Then do 1961 01:49:03.039 --> 01:49:07.159 what I'm saying, go and buy NGI x thirty NGI 1962 01:49:07.319 --> 01:49:10.840 x thirty that's the thirty biggest toxic ninety are buy them, 1963 01:49:11.399 --> 01:49:16.920 putting that portfolio, reinvest your dividends, leave it alone. If 1964 01:49:16.960 --> 01:49:19.079 you want to do the American one, buy the S 1965 01:49:19.199 --> 01:49:22.439 and P five hundred, so you buy VTI, you buy 1966 01:49:22.680 --> 01:49:26.760 your own, reinvest your dividends, leave it alone. Ten years 1967 01:49:26.920 --> 01:49:29.399 look at it. You won't have lost money. It's just 1968 01:49:29.680 --> 01:49:34.520 related that simple, really. So the idea is compound if 1969 01:49:34.560 --> 01:49:38.000 you are younger. If you are younger, compounding works for you. 1970 01:49:38.159 --> 01:49:41.760 Once you get older, the effect of compounding no longer 1971 01:49:41.880 --> 01:49:46.199 work for it. Then unfortunately you take more risk because 1972 01:49:46.279 --> 01:49:48.920 you missed out on compound. You can't get your companying back. 1973 01:49:48.960 --> 01:49:49.279 It's like. 1974 01:49:51.000 --> 01:49:53.439 If you don't train when you're young, you can't train today. 1975 01:49:53.840 --> 01:49:57.640 You can't get nine women pregnant and have a baby 1976 01:49:57.680 --> 01:50:01.239 in one month. You have to have the baby born 1977 01:50:01.319 --> 01:50:02.720 in nine months. So you can't say I want to 1978 01:50:02.800 --> 01:50:05.560 increase a number of women and have to dib in 1979 01:50:05.640 --> 01:50:06.840 one month. Doesn't work that way. 1980 01:50:07.000 --> 01:50:10.560 You you know what I mean. Thanks to be appreciate that. 1981 01:50:11.000 --> 01:50:11.960 Let's get cheat school. 1982 01:50:13.960 --> 01:50:15.159 Don't be handing myna to honor. 1983 01:50:15.199 --> 01:50:15.560 You're good. 1984 01:50:17.680 --> 01:50:20.479 I mean, if I have more space, I could chicken again. 1985 01:50:23.359 --> 01:50:25.319 Just going, ok, just go. 1986 01:50:27.479 --> 01:50:29.319 Yeah. I do want to say thank. 1987 01:50:29.159 --> 01:50:32.439 You for everything you've been doing for all of us 1988 01:50:32.520 --> 01:50:33.720 on diste that I. 1989 01:50:33.720 --> 01:50:36.079 Will be I will follow you for a very long time. 1990 01:50:36.920 --> 01:50:39.840 But I am a need to question. 1991 01:50:40.000 --> 01:50:42.279 I want to ask, and you need to be confused 1992 01:50:42.600 --> 01:50:46.279 regarding and US stock dividends. 1993 01:50:47.079 --> 01:50:49.680 US talk that face dividends. 1994 01:50:49.880 --> 01:50:51.680 Like we that were on inside the US. 1995 01:50:52.640 --> 01:50:53.600 I think we have. 1996 01:50:53.720 --> 01:50:54.920 Changed that, patients. 1997 01:50:56.479 --> 01:50:59.880 Yeah that so do you still like you still advice 1998 01:51:00.960 --> 01:51:05.000 to buy dividends face stock or just normal stocks? 1999 01:51:05.640 --> 01:51:08.079 Now I'm asking you to buy the index, not even 2000 01:51:08.159 --> 01:51:11.760 the stocks itself. Just buy the index and then reinvest 2001 01:51:11.920 --> 01:51:18.039 the index. Yeah, okay, because I hear what you just saying. 2002 01:51:18.079 --> 01:51:19.680 If you if you if you don't, if you're the 2003 01:51:19.880 --> 01:51:23.199 US person, they will give you this w W eight 2004 01:51:23.439 --> 01:51:25.359 abey is you W eight A B? 2005 01:51:27.199 --> 01:51:27.399 Yeah? 2006 01:51:27.760 --> 01:51:31.159 Yeah, I do W eights. But when you paid. Okay, 2007 01:51:31.199 --> 01:51:31.880 it doesn't work down. 2008 01:51:31.920 --> 01:51:34.319 Okay, that's fine, But just buy the index because the 2009 01:51:34.640 --> 01:51:36.199 returns on that index. 2010 01:51:36.239 --> 01:51:39.239 It's one of the tax that they're taxing your dividends. 2011 01:51:40.359 --> 01:51:43.840 What if so reinvest the dividend, reinvest the dividends, the 2012 01:51:44.000 --> 01:51:48.279 portfolioself is growing. The portfolio itself is growing because when 2013 01:51:48.319 --> 01:51:51.880 you reinvest the dividends, your average cost falls. So if 2014 01:51:51.920 --> 01:51:55.000 you buy the portolo for one hundred dollars because you 2015 01:51:55.079 --> 01:51:59.119 are reinvesting dividends, your average cost is going down even 2016 01:51:59.239 --> 01:52:06.439 with the tax, even with the tax. Makes sense, sir, Yeah, yeah, 2017 01:52:06.520 --> 01:52:06.800 thank you. 2018 01:52:07.239 --> 01:52:10.119 I appreciate you, sir, to big want to come back? 2019 01:52:11.079 --> 01:52:13.159 Yeah, I really want to. I want to dive in 2020 01:52:13.319 --> 01:52:17.079 a little bit deeper. You know, I read a book 2021 01:52:17.079 --> 01:52:19.279 a couple of time. You've said about five kis to 2022 01:52:20.119 --> 01:52:22.680 your fellows around me as well. But does this book 2023 01:52:23.359 --> 01:52:27.399 when I asked on on YouTube by Jail Collins the 2024 01:52:27.479 --> 01:52:28.119 Simple Part of the. 2025 01:52:28.159 --> 01:52:34.159 World, and he really discussed about. 2026 01:52:35.640 --> 01:52:40.520 Building an asset, multiplying your armor expenses by twenty five 2027 01:52:41.560 --> 01:52:45.960 and pulling out about four percent, supposing that the asset 2028 01:52:46.039 --> 01:52:51.199 performs roughly about seven percent per year, and then three 2029 01:52:51.279 --> 01:52:55.880 percent it's kind of for inflation. You pull out four percent, 2030 01:52:57.279 --> 01:52:59.800 Can you break that down for us since you're talking 2031 01:52:59.800 --> 01:53:02.239 about you in wealth in really practical terms, so that 2032 01:53:02.359 --> 01:53:05.600 we're not just talking about buying BTI and then just 2033 01:53:05.760 --> 01:53:07.279 keep Then at. 2034 01:53:07.159 --> 01:53:09.319 What point do you start really enjoying it? 2035 01:53:10.000 --> 01:53:12.079 And we're talking about someone who is like forty years 2036 01:53:12.199 --> 01:53:16.239 now and we're starting out and you trying to build 2037 01:53:16.359 --> 01:53:23.319 something until retirement to the five x your expenses within 2038 01:53:23.359 --> 01:53:24.079 out four percent? 2039 01:53:24.199 --> 01:53:26.520 Also, can you bring it down for us in a 2040 01:53:26.640 --> 01:53:27.399 very simple way? 2041 01:53:27.640 --> 01:53:32.079 Okay, So that four percent is this is a colclash. 2042 01:53:32.119 --> 01:53:34.760 I using America to say that when you have your portfolio, 2043 01:53:34.880 --> 01:53:39.359 you can survive with withdrawing four percent a year. It's 2044 01:53:39.439 --> 01:53:41.760 like a rule of time to say that whatever portfolio 2045 01:53:41.840 --> 01:53:47.399 you have, if you withdraw four percent, you can survive 2046 01:53:47.600 --> 01:53:52.359 on that four percent as income for the year. So 2047 01:53:52.479 --> 01:53:54.680 if you walk to the answer, what do I say 2048 01:53:54.760 --> 01:53:59.279 is this, if you want to end ten thousand naira 2049 01:53:59.640 --> 01:54:03.680 every month in Nigeria or every year in Nigeria, what 2050 01:54:04.000 --> 01:54:08.359 would you have invested that when you multiply that principle 2051 01:54:08.479 --> 01:54:11.319 by four percent, it will give you that ten thousand. 2052 01:54:11.359 --> 01:54:14.600 You see how they are worried about it. They are anticitive. 2053 01:54:14.880 --> 01:54:20.479 Copul are four percent from your portfolio keeps you going 2054 01:54:20.640 --> 01:54:24.159 in your retirement. So walk back as a twenty five 2055 01:54:24.279 --> 01:54:28.159 year old. When you start working, you have very very 2056 01:54:28.279 --> 01:54:32.560 low income, very very low income, so you can't invest. 2057 01:54:33.880 --> 01:54:38.920 That's when you take on debt. There are students to invest. 2058 01:54:38.960 --> 01:54:41.600 But let me start again when you are younger. When 2059 01:54:41.640 --> 01:54:45.359 you start working, you don't have any income potential. You 2060 01:54:45.640 --> 01:54:49.479 just there to work. You have no income. You are 2061 01:54:49.720 --> 01:54:54.560 expected to then take on debt to build your assets. 2062 01:54:54.640 --> 01:54:59.159 What sort of debt mortgage? Right, even a car loan? 2063 01:55:00.039 --> 01:55:04.279 You buy your house with debt. What happens to the 2064 01:55:04.359 --> 01:55:07.439 house as you get older, you are pain of the 2065 01:55:07.560 --> 01:55:11.920 house that when you are retiring, the house is yours. 2066 01:55:12.239 --> 01:55:15.640 You have built up that equity. Then you can sell the. 2067 01:55:15.680 --> 01:55:18.760 House or take a heelock on the house and then 2068 01:55:18.960 --> 01:55:23.600 leave off the income from that house. Same thing with equity. 2069 01:55:24.439 --> 01:55:27.600 When you are starting off, you have no money to invest. 2070 01:55:27.760 --> 01:55:30.439 Visit bassone that has worked longer than you. Your income 2071 01:55:30.560 --> 01:55:33.439 is low, your salary is low. So the only way 2072 01:55:33.560 --> 01:55:36.920 you can actually build an asset is to buy today 2073 01:55:37.479 --> 01:55:42.840 and allow the process of time and then discus and 2074 01:55:43.039 --> 01:55:47.800 the DCEA when you're making your monthly payment into a 2075 01:55:47.920 --> 01:55:52.399 portfo to build that portfolio for you. The idea is 2076 01:55:52.520 --> 01:55:58.000 to build a portfolio that generates passive income that pays 2077 01:55:58.039 --> 01:56:02.000 your expenses. The reason why we are all working is 2078 01:56:02.119 --> 01:56:09.960 to generate passive income from our fixed income to pay 2079 01:56:10.199 --> 01:56:15.640 our expenses. Fixed income is the active income you make 2080 01:56:15.680 --> 01:56:18.800 when you're working. So Toby, let's say you're a doctor today. 2081 01:56:20.479 --> 01:56:24.039 You are working today as a doctor to end his salary, 2082 01:56:24.880 --> 01:56:28.680 but your salary is active income. You've got to go 2083 01:56:28.840 --> 01:56:32.680 to your office to create that active income. What we 2084 01:56:32.880 --> 01:56:36.479 need to do is to convert that active income to 2085 01:56:36.880 --> 01:56:40.960 passive income. So you take your salary, you buy a house, 2086 01:56:41.279 --> 01:56:44.119 you buy stocks, and that how on the stock you 2087 01:56:44.239 --> 01:56:48.199 have bought are going to allow you down the line 2088 01:56:48.960 --> 01:56:55.359 generate passive income. Active income is not wealth. Better example, 2089 01:56:55.920 --> 01:56:59.680 if you're a footballer, you play for Chelsea. You're being 2090 01:56:59.760 --> 01:57:04.119 paid one hundred thousand pounds a week. That's not wealth, 2091 01:57:04.600 --> 01:57:09.600 that's simply active income. Your job is to convert that 2092 01:57:09.880 --> 01:57:13.560 active income to passive income. So you take a hundred 2093 01:57:13.560 --> 01:57:17.359 thousand pounds, you buy property, you buy land, you buy shares. 2094 01:57:17.920 --> 01:57:20.720 It starts to give you income today very little. 2095 01:57:21.520 --> 01:57:22.840 You can't pay your four percent. 2096 01:57:23.239 --> 01:57:27.760 But down the line, those assets genen rates enough passive 2097 01:57:27.920 --> 01:57:34.239 income to pay your expenses. If you are working today 2098 01:57:34.840 --> 01:57:38.359 and you do a calculation and you have no passive 2099 01:57:38.520 --> 01:57:43.560 income today and you're about to retire, I know the 2100 01:57:43.720 --> 01:57:47.720 word to use for your in big trouble. Your salary 2101 01:57:48.640 --> 01:57:52.960 is not. The important element is the passive income you 2102 01:57:53.079 --> 01:57:58.079 have built. If your salary stops today, where else would 2103 01:57:58.079 --> 01:58:01.199 we get money from? You have a house that pays 2104 01:58:01.239 --> 01:58:03.840 you rent? Do you have stock that pay you dividend? 2105 01:58:04.399 --> 01:58:07.920 Do you have a business that pays you the director's fees? 2106 01:58:08.239 --> 01:58:08.479 Word? 2107 01:58:09.560 --> 01:58:12.399 Without that passive income, you're in big trouble. That's the 2108 01:58:12.479 --> 01:58:14.479 point to But that's your question of asking. If you 2109 01:58:14.520 --> 01:58:18.319 look at it that way, passive active four percent, it 2110 01:58:18.479 --> 01:58:19.359 sues to make sense. 2111 01:58:20.239 --> 01:58:23.920 All we're doing today is to show you how to 2112 01:58:24.000 --> 01:58:26.399 get passive income. That's it. 2113 01:58:27.199 --> 01:58:29.560 If you don't get passing income, you're in big trouble. 2114 01:58:30.399 --> 01:58:34.159 And passing income is you have a house. It pays 2115 01:58:34.239 --> 01:58:38.159 you rent or it avoids you paying rent. So if 2116 01:58:38.199 --> 01:58:40.680 you have a house, you live in that house, you're 2117 01:58:40.720 --> 01:58:44.199 not paying rent. Fantastic, that's also passive income because money 2118 01:58:44.199 --> 01:58:46.920 is staying in your pocket. But if you don't have 2119 01:58:47.000 --> 01:58:51.439 a house, your pain rent and you are retiring, you're 2120 01:58:51.439 --> 01:58:56.000 in big trouble because your expenses would never stop, but 2121 01:58:56.199 --> 01:59:01.680 your active income has stopped. Active income needs a long 2122 01:59:02.199 --> 01:59:05.239 time to be converted to passive income. 2123 01:59:05.760 --> 01:59:08.880 You and I know to be the way we build 2124 01:59:08.960 --> 01:59:12.119 homes in Nigeria is that we go and buy virgin. 2125 01:59:11.960 --> 01:59:15.680 Land in a swamp. You know how we'll build house Nigeria. 2126 01:59:16.079 --> 01:59:20.840 We don't have a mortgage. So if I live in Ekeja, 2127 01:59:21.760 --> 01:59:27.399 I'll go and buy land in one swamp, hoping that 2128 01:59:27.560 --> 01:59:30.800 in fifteen years they will build the road people will 2129 01:59:30.800 --> 01:59:31.760 start to move over there. 2130 01:59:32.199 --> 01:59:34.399 Then I sell one plot, I fence it. 2131 01:59:34.800 --> 01:59:38.000 I do foundation in one year next to the game probation, 2132 01:59:38.239 --> 01:59:41.039 I do fence, I do decing I do. That's how 2133 01:59:41.079 --> 01:59:44.319 we build homes here is the exact same thing, that 2134 01:59:44.439 --> 01:59:48.840 same principle of buying an asset in the future then 2135 01:59:49.000 --> 01:59:53.439 taking our active salary to build that home up. Because 2136 01:59:53.840 --> 01:59:57.479 when we retire in twenty years that swamp we bought, 2137 01:59:57.760 --> 02:00:00.720 it's not a big area. When that has grew up. 2138 02:00:00.760 --> 02:00:05.359 In Legos, Legos stopped at mobile the mobile exit. That's 2139 02:00:05.359 --> 02:00:09.199 where lego stopped. Everything outside role was a swamp. If 2140 02:00:09.239 --> 02:00:12.279 you go on that road, they were literally you see 2141 02:00:12.359 --> 02:00:16.960 chrocodyes and monkeys. After that mobile there was nothing. From 2142 02:00:17.000 --> 02:00:18.960 that mobile down there was a road. The road went 2143 02:00:19.119 --> 02:00:21.800 all the way, but there was nothing on both sides. 2144 02:00:21.800 --> 02:00:25.199 It was swamp and Atlantic Ocean go there. Today is 2145 02:00:25.239 --> 02:00:28.199 the fastest current area. I will say the whole world. 2146 02:00:28.880 --> 02:00:32.640 Folks that bought teared roundabout second ro but not first 2147 02:00:32.720 --> 02:00:38.399 to add today millionaires, they converted their their active income 2148 02:00:39.720 --> 02:00:43.199 to passive income. If you don't get that point, you 2149 02:00:43.359 --> 02:00:46.439 only get it. That's why you're working to convert your 2150 02:00:46.600 --> 02:00:52.159 active to passive. If you don't convert your active to passive, 2151 02:00:52.239 --> 02:00:57.960 your victor to be hope. That helps perfectly. 2152 02:00:58.479 --> 02:01:02.239 Can I ask a follow question today? Yeah, good things 2153 02:01:02.319 --> 02:01:03.479 stay another four percent? 2154 02:01:04.600 --> 02:01:08.079 Now, if the idea is to pull out a four 2155 02:01:08.119 --> 02:01:12.600 percent and so I want need per year every year, 2156 02:01:13.079 --> 02:01:16.840 will that four percent come from the dividend or would 2157 02:01:16.840 --> 02:01:17.039 you have. 2158 02:01:17.199 --> 02:01:18.640 To sell off some stocks? 2159 02:01:20.000 --> 02:01:20.039 No? 2160 02:01:20.640 --> 02:01:24.000 What nomer the four pers American number. 2161 02:01:24.600 --> 02:01:27.359 What they are saying is that when you have walked 2162 02:01:27.439 --> 02:01:29.920 and built your portfolio, you've now retired. 2163 02:01:30.039 --> 02:01:31.399 There's no more active income. 2164 02:01:31.840 --> 02:01:34.520 You've now ret so you have a portfolio, maybe your property, 2165 02:01:34.960 --> 02:01:38.760 your are, your your your your socialistic, the payments, maybe 2166 02:01:38.800 --> 02:01:43.199 your IRA. They are saying that what youdraw from that 2167 02:01:43.319 --> 02:01:47.159 portfolio that four percent to to to pay all your 2168 02:01:47.199 --> 02:01:49.760 expense and keep you alive. That's what they are saying 2169 02:01:49.800 --> 02:01:52.840 that when you do four percent, it allows you to 2170 02:01:52.960 --> 02:01:56.119 survive on that PORTFOLI, you can do it. You can 2171 02:01:56.199 --> 02:01:58.039 do fifty if you have more and more money and 2172 02:01:58.119 --> 02:02:01.560 not money but the four possesses the minimum cap. They're 2173 02:02:01.600 --> 02:02:03.920 telling you that if you can just build a portfol 2174 02:02:04.000 --> 02:02:07.119 that can generate four percents for you annually for two 2175 02:02:07.119 --> 02:02:11.039 to five years, you're fine. Remember, Americans live longer. They 2176 02:02:11.119 --> 02:02:14.960 have good health care, so when they live longer, they 2177 02:02:15.199 --> 02:02:18.680 need a portfolio that has to be there to pay 2178 02:02:18.720 --> 02:02:21.960 their expenses. When we retire in Africa, we go to 2179 02:02:22.079 --> 02:02:26.000 the village. We don't have expenses to the village. Remember 2180 02:02:26.119 --> 02:02:29.880 we don't pay power, We don't pay all our stuff 2181 02:02:29.960 --> 02:02:31.800 in the village. Yes we pay, but we don't pay 2182 02:02:31.880 --> 02:02:35.319 the way and Americans living in Florida and the retirement 2183 02:02:35.640 --> 02:02:40.079 village is paying. So our expense is after retirement form. 2184 02:02:41.159 --> 02:02:45.279 But health care what we don't take into account when 2185 02:02:45.399 --> 02:02:48.279 we are young, because a big issue where we are older. 2186 02:02:48.399 --> 02:02:53.319 Americans have medicaid. We don't have medicaid in Africa. So 2187 02:02:53.640 --> 02:02:55.800 you have look at it who you are talking to. 2188 02:02:56.279 --> 02:02:59.640 If you are retiring America, you have a better chance 2189 02:03:00.039 --> 02:03:03.079 ardiclary time Africa because of the medical care is taken 2190 02:03:03.119 --> 02:03:06.119 over by the government. In Nigeria. It's all happens is 2191 02:03:06.359 --> 02:03:11.840 your children are your medical what's it called medical fund. 2192 02:03:11.880 --> 02:03:13.479 If you are sick, your children have to take you 2193 02:03:13.520 --> 02:03:15.640 to the hospital and pay for you. In the America, 2194 02:03:15.720 --> 02:03:18.199 that's Medicare. There's Medicaid that will take care of you. 2195 02:03:19.039 --> 02:03:22.319 So that four percent is what they want to go 2196 02:03:22.439 --> 02:03:26.319 to the cinema to go for holidays. All put America 2197 02:03:26.399 --> 02:03:29.359 child over the world because they have a certain or 2198 02:03:29.439 --> 02:03:32.640 the nice way where the ceremony post your tabin. 2199 02:03:33.399 --> 02:03:34.760 We don't in Africa. 2200 02:03:35.399 --> 02:03:40.720 So you've got to build a portfolio that covers your 2201 02:03:41.279 --> 02:03:47.039 income post work. Man. Nagians don't buy health insurance, but 2202 02:03:47.159 --> 02:03:50.640 they need it when you stop working. We don't do 2203 02:03:50.800 --> 02:03:53.079 nh Giants. We think it's a government that's taking our money. 2204 02:03:53.199 --> 02:03:56.439 But you need nhhians because when if you get sick 2205 02:03:56.479 --> 02:03:59.680 in Nija and you are seventy who's going to pay 2206 02:04:00.960 --> 02:04:02.920 if you don't have kids in America. That's that's what 2207 02:04:03.079 --> 02:04:05.840 really happens. If you are sick, they semony, they take 2208 02:04:05.880 --> 02:04:06.199 care of you. 2209 02:04:06.720 --> 02:04:08.239 But if you don't have kids in America, who is 2210 02:04:08.239 --> 02:04:09.960 gonna pay for you? If you're seventy. 2211 02:04:12.279 --> 02:04:20.279 Tout? How that helps? If you are African, they we're 2212 02:04:20.439 --> 02:04:24.199 changing a bit in Africa right now. There's hardly a 2213 02:04:24.439 --> 02:04:29.279 family today in Africa, just in Nigeria that does not 2214 02:04:29.560 --> 02:04:37.039 have a cousin or brother abroad. Those kids that went abroad, 2215 02:04:37.720 --> 02:04:39.840 when they went abroad, if they went as a single 2216 02:04:39.960 --> 02:04:41.760 person abroad, they still remember you. 2217 02:04:41.840 --> 02:04:42.319 In Africa. 2218 02:04:43.319 --> 02:04:45.479 When they have kids, they're going to forget about you. 2219 02:04:46.439 --> 02:04:49.720 Their kids are going to be interested in sendingmoney to 2220 02:04:50.359 --> 02:04:52.479 my man Godzi. In Nigeria, they're not good to be 2221 02:04:52.800 --> 02:04:54.920 because they have their whole life there. So you're going 2222 02:04:55.000 --> 02:04:58.239 to see that going forward, there's going to be a 2223 02:04:58.479 --> 02:05:02.680 change in the demo graphics of Nigeria. We have a 2224 02:05:02.920 --> 02:05:06.119 lot of old people in America and I want to 2225 02:05:06.159 --> 02:05:10.039 come back to Nigeria, but have no means to come back. 2226 02:05:10.159 --> 02:05:12.880 What I mean no means, there's no security, there's no medica, 2227 02:05:13.000 --> 02:05:16.439 there's no medicare. But these guys have a lot of money, 2228 02:05:16.840 --> 02:05:18.079 a lot of money, but. 2229 02:05:18.039 --> 02:05:19.199 Don't come back to Nigeria. 2230 02:05:20.520 --> 02:05:22.479 If you have the means, if you can, if you 2231 02:05:22.560 --> 02:05:24.680 know your state governor, you know your local guy, and 2232 02:05:24.800 --> 02:05:29.560 you can build a village for retorneyes. You can put 2233 02:05:29.600 --> 02:05:33.119 the hospital there, put the golf course, put the leak. 2234 02:05:34.560 --> 02:05:38.560 You will make more money from those retirees than from fack. 2235 02:05:39.439 --> 02:05:44.399 Because the cost of medical care in America. Manage medical 2236 02:05:44.479 --> 02:05:46.600 care in America, you guys know this about from five 2237 02:05:46.760 --> 02:05:52.159 thousand dollars to about fifty to dollars per person. What 2238 02:05:52.399 --> 02:05:56.199 means if you live here and you need assist assisted 2239 02:05:56.319 --> 02:06:00.399 care in a home, the state or the federal pay 2240 02:06:00.600 --> 02:06:06.800 part person between five thousand to fifty thousand dollars towards. 2241 02:06:07.760 --> 02:06:11.560 If they called to Nigeria, you offer them a Bungalo. 2242 02:06:12.800 --> 02:06:17.039 Nurse on duty, twenty four hours doctor or call twenty 2243 02:06:17.079 --> 02:06:24.720 four hours. Golf costs, lake security, walking paths, exercise Dolly. 2244 02:06:24.760 --> 02:06:29.520 Would you can do all this at less than tabial 2245 02:06:29.680 --> 02:06:33.279 error in Ira but they're being paid eight dollars. If 2246 02:06:33.319 --> 02:06:37.039 you can create that chac of community Nigeria, Wow, you're 2247 02:06:37.039 --> 02:06:39.319 gonna have lots of retirests coming back to Nigera because 2248 02:06:39.680 --> 02:06:43.439 their dollar would last them twice what lasted in America. 2249 02:06:43.880 --> 02:06:46.359 But in Nigeria you don't have them nos of call. 2250 02:06:46.520 --> 02:06:51.239 So it's the medicaid. They get it deep the what's 2251 02:06:51.239 --> 02:06:51.439 it called? 2252 02:06:51.479 --> 02:06:56.479 They get it great medical care in Africa from medical doctors, 2253 02:06:56.800 --> 02:07:00.920 from notices that they can't afford in America Nigeria. How 2254 02:07:01.000 --> 02:07:03.520 much is their food? How much is there is their power? 2255 02:07:03.800 --> 02:07:04.199 How much? 2256 02:07:04.680 --> 02:07:06.960 So if state can do this, builders, you can build 2257 02:07:06.960 --> 02:07:09.399 a skyscraper or you can do the bundleog a skill 2258 02:07:10.119 --> 02:07:12.720 and these guys will come in from America. They will 2259 02:07:12.760 --> 02:07:15.279 come here, they will live, they want to they want 2260 02:07:15.279 --> 02:07:17.680 to die here and you can bury them in a 2261 02:07:17.760 --> 02:07:18.560 nice cemetery. 2262 02:07:19.000 --> 02:07:22.680 And you are getting f d I like crazy because 2263 02:07:23.359 --> 02:07:24.399 the next day you're going to have that. 2264 02:07:24.479 --> 02:07:28.039 The American RETAbet hopes will have to come to Nigeria 2265 02:07:28.760 --> 02:07:32.359 and build RETAbet hopes Nigeria where they will send people 2266 02:07:32.479 --> 02:07:36.479 here at half or what at the price. That's a 2267 02:07:36.680 --> 02:07:39.439 that's a big bills of if anyone has listened. If 2268 02:07:39.479 --> 02:07:43.039 you can't build that, people will come because over here 2269 02:07:43.039 --> 02:07:47.760 it's expensive. It's expensive. If you build Africa Nigeria ware 2270 02:07:47.760 --> 02:07:52.079 it's safe. Quote off the price. Go look at the 2271 02:07:52.159 --> 02:07:55.119 old people. What do they what do they need? Because 2272 02:07:55.239 --> 02:07:55.600 that care. 2273 02:07:55.720 --> 02:07:59.680 That's it all right, guys, we're gonna go very soon. 2274 02:07:59.760 --> 02:08:02.079 Guys. I see I saw have regoed s c HD 2275 02:08:02.239 --> 02:08:06.720 y s s THD is in ETF that is high dividends. 2276 02:08:06.760 --> 02:08:09.600 So yes, that's other good word s c HD. Remember 2277 02:08:09.680 --> 02:08:12.359 you got to invest based on your objective. If you 2278 02:08:12.439 --> 02:08:15.239 want dividends, go out do that, but start with the 2279 02:08:16.399 --> 02:08:19.880 build a triangle. At the base of the triangle, build 2280 02:08:19.960 --> 02:08:23.520 your VTR, your VT v O O. Then start to 2281 02:08:23.760 --> 02:08:26.159 walk your way up as Okay, I want dividends, I 2282 02:08:26.279 --> 02:08:28.319 work tech and at that work your way up. But 2283 02:08:28.479 --> 02:08:33.560 then the base be that solid US equities, blue chip 2284 02:08:34.079 --> 02:08:36.840 old body stocks and you can't go wrong with that. 2285 02:08:37.920 --> 02:08:42.279 Fantastic guys, let's call it today. Terms of questions, if 2286 02:08:42.319 --> 02:08:44.560 you say the DM, of course I'll answer those asks 2287 02:08:44.600 --> 02:08:46.920 for questions on the DM. Ask for the general tier 2288 02:08:47.039 --> 02:08:50.079 line and I will definitely answer your question on the 2289 02:08:50.159 --> 02:08:54.680 general tier line. While here again, oh my god, you 2290 02:08:54.760 --> 02:08:58.760 guys while here again every every every Sunday, seven pm, 2291 02:08:59.199 --> 02:09:02.239 where we'll see about body and investing. I think, guys, 2292 02:09:02.279 --> 02:09:04.640 for this ding like I said, this is gonna be 2293 02:09:04.840 --> 02:09:07.920 this is gonna be recorded. It's gonna be recordable on YouTube. YouTube, 2294 02:09:07.920 --> 02:09:11.199 guys all being fantastic, lots of them here listening in. 2295 02:09:11.800 --> 02:09:14.159 It's gonna be on YouTube, also, gonna be on the 2296 02:09:15.760 --> 02:09:19.000 gonna be on the on the on the podcast as well, 2297 02:09:19.039 --> 02:09:21.479 so you can go back and listen. And I've shared 2298 02:09:21.520 --> 02:09:25.560 the slides also on Twitter. Anyone I don't understand, go 2299 02:09:25.680 --> 02:09:28.399 to the slide, ask me a question and I'll ask it. 2300 02:09:28.920 --> 02:09:31.239 Most of all this tuff, guys, is in my book. 2301 02:09:31.439 --> 02:09:34.560 I always plug my book because it's there, and I 2302 02:09:34.680 --> 02:09:37.640 wrote that book with Nigeria in mind. So it's the 2303 02:09:37.840 --> 02:09:41.880 same teachings that you see a jail Collins talk about, 2304 02:09:42.279 --> 02:09:48.239 but within Nigerian perspective, and I use Nigerian example. There's 2305 02:09:48.239 --> 02:09:52.039 a whole chapter there where I analyze close to twenty 2306 02:09:52.279 --> 02:09:54.079 equity fund. I'll tell you if you want to buy, 2307 02:09:54.520 --> 02:09:57.039 if you want dividends, buy this equity fund. If you 2308 02:09:57.119 --> 02:10:01.119 want this one, look at this one. Three ets not 2309 02:10:01.199 --> 02:10:04.119 even foreign want. There's video there, but also Nigeria. I 2310 02:10:04.119 --> 02:10:06.000 want it because a lot of Nigerian etail that guys 2311 02:10:06.000 --> 02:10:07.960 don't hear about, right, So it's all there. 2312 02:10:07.840 --> 02:10:09.560 In the book. It's all in the book. 2313 02:10:09.800 --> 02:10:12.279 Trying to get the book, get for yourself, get us 2314 02:10:12.319 --> 02:10:15.239 a gift, send out to someone. It's only available on 2315 02:10:15.359 --> 02:10:18.880 Amazon for now. I think you bless someone. Wmen, right, guys, 2316 02:10:19.079 --> 02:10:21.840 so fantastic. It's been a great session, especially I wanted 2317 02:10:22.119 --> 02:10:24.840 my only My only regret is I didn't get a 2318 02:10:24.880 --> 02:10:28.239 lot of females coming in to ask questions. I don't 2319 02:10:28.319 --> 02:10:31.359 know how we will have to do a special space 2320 02:10:31.840 --> 02:10:33.960 only for the females. I know how I'm going to 2321 02:10:34.000 --> 02:10:36.079 use to beg them to come. But we definitely got 2322 02:10:36.119 --> 02:10:39.800 to beg because wealth is built. And again the guys 2323 02:10:39.840 --> 02:10:43.960 an't hit me when we do the exercises, right. Women 2324 02:10:44.399 --> 02:10:48.720 tend to be better investors than men. There's said the 2325 02:10:48.800 --> 02:10:52.199 reasons because women don't take risk, so it's a plus 2326 02:10:52.239 --> 02:10:55.319 are than minus. But men don't take risk, so it 2327 02:10:55.399 --> 02:10:57.840 tends to be to manage that money is better than men. 2328 02:10:57.920 --> 02:11:01.159 You know that women doing gambling, they do, but there's 2329 02:11:01.159 --> 02:11:03.640 a lot of that doing gambling or even crypto. But 2330 02:11:03.880 --> 02:11:09.560 when EMPTM sold shares in Nigeria, women were almost double 2331 02:11:10.159 --> 02:11:13.199 the amount of men that brought shares. So women understand 2332 02:11:13.399 --> 02:11:15.960 invested and understand buying shares, do you don't start doing 2333 02:11:16.520 --> 02:11:19.079 and two best to be to one Chessea, be to Tottenham, 2334 02:11:19.119 --> 02:11:20.840 but instead of buying empty and shares. 2335 02:11:21.359 --> 02:11:23.119 This is why I wanted wanted to come to the 2336 02:11:23.199 --> 02:11:25.880 space and essentially here with this. 2337 02:11:26.159 --> 02:11:28.159 And they don't take you home because I know if 2338 02:11:28.199 --> 02:11:30.880 I speak to one woman, I speaking to many women. 2339 02:11:30.960 --> 02:11:32.399 So I didn't want you guys to do this. And 2340 02:11:32.920 --> 02:11:34.439 if you're listening, I'm going to give you an offer. 2341 02:11:34.560 --> 02:11:36.560 If you guys organize or said you're talking about a 2342 02:11:36.640 --> 02:11:38.560 guest speaker, I'll come. 2343 02:11:38.680 --> 02:11:40.399 I will charge you. As long as as it's a 2344 02:11:40.439 --> 02:11:41.359 women group, I'll come. 2345 02:11:41.399 --> 02:11:42.000 I won't charge you. 2346 02:11:42.640 --> 02:11:44.880 All right, fantastic, guys, Thank you so much for listen night. 2347 02:11:44.880 --> 02:11:46.640 I appreciate you guys. I hope I'll see you guys 2348 02:11:46.680 --> 02:11:48.640 here next week. We're gonna come again next week on 2349 02:11:48.720 --> 02:11:51.840 Souday seven pm. What I've got time, what we again 2350 02:11:51.880 --> 02:11:54.279 talking about on that issue till then I'll let you 2351 02:11:54.359 --> 02:11:56.720 guys go. If you guys have the time to in 2352 02:11:56.800 --> 02:11:59.760 again this night, we're gonna do Monday morning matters will 2353 02:11:59.800 --> 02:12:02.960 be We're talking about a topical issue affected the economy. 2354 02:12:03.680 --> 02:12:06.039 For the whole week, we try to do that on 2355 02:12:06.199 --> 02:12:10.199 Monday mornings by seven am on your radio wire. Travling 2356 02:12:10.279 --> 02:12:12.000 to work will give us an overview of what something 2357 02:12:12.319 --> 02:12:15.199 youre another guys, thank you so much. Tomy, have a 2358 02:12:15.239 --> 02:12:16.199 good one. I see you guys. 2359 02:12:16.279 --> 02:12:19.640 You guys have a good one, take yourselves and we'll 2360 02:12:19.680 --> 02:12:20.319 see bye. 2361 02:12:20.920 --> 02:12:22.880 Thank you ver, thank you, You're welcome.