Nigerian stocks have overtaken South Korea’s Kospi index to hand investors the highest dollar-based returns this year, topping a list of 92 global stock exchanges tracked by Bloomberg.
Doubts about the AI boom are weighing on the Kospi, while Nigerian stocks have rallied. See why: https://t.co/Zq9Ox16u3J
📷️: Benson Ibeabuchi/Bloomberg
If you want to understand money, greed, and power, watch these.
My finance watchlist (movies + documentaries):
1. The Wolf of Wall Street
2. The Big Short
3. Margin Call
4. Inside Job
5. The Founder
6. The Social Network
7. The Banker
8. The Laundromat
9. The Company Men
10. The China Hustle
11. The Wizard of Lies (Madoff)
12. Dirty Money
13. Inside Job
14. The Resistance Banker
15.Medici
https://t.co/YgXgcT3fFs to Get Rich
17.Bad Boy Billionaires: India
18.The Minimalists: Less Is Now
Save this. Then tell me the one I missed.
Another red day on the Nigerian market. Let me break it down 👇
The main market score (All-Share Index) dropped 0.62% and closed at 235,941. It went down a little today, but it’s still far higher than where we started the year.
Altogether, the market lost about ₦939 billion today. That makes it six days in a row of falling. Some weeks just go like that.
Stocks that went up today:
DEAPCAP +9.89%
RTBRISCOE +9.62%
INTENEGINS +7.43%
Stocks that went down today:
NAHCO -10%
ROYALEX -10%
GTCO -9.97%
Most bank stocks had a hard day.
Now the bigger picture. Even after this rough week, the market is still up more than 51% since January. That’s still very strong.
The market goes up and down, that’s normal. Don’t put in money you’ll need in the next few months. Take your time, learn, and don’t rush.
She just handed you a blueprint most people will scroll past.
Owning US stocks is how everyday earners quietly build real wealth, and it’s far simpler than it looks.
Here’s the complete beginner’s guide, broken down from zero 🧵
Dangote Says He Built His Fortune From Scratch
“I gave out everything I inherited in asset to charity.”
From there, he didn’t rely on legacy wealth; he built capacity, scaled production, and positioned himself in sectors where value is created, not just traded.
The lesson is simple: wealth is less about what you inherit, and more about what you industrialise, own, and control over time.
You Bought the Stock… But How Does the Company Actually Benefit From Your Investment?
Most investors know how to buy shares.
Very few understand what happens behind the scenes.
If you've ever wondered where your money goes after investing, this thread is for you.
Equity Mutual Funds, fully explained.
If you want to invest in stocks but you don’t have the time, the knowledge, or the confidence to pick companies yourself, this is built for you.
What it actually is.
An equity mutual fund pools money from thousands of investors into one large fund. A licensed team of professional fund managers then uses that pooled money to buy shares across many strong companies on the stock market.
When you put money in, you’re not buying one stock. You’re buying a small piece of the entire basket. If the basket holds 30 companies, your money is spread across all 30 instantly.
Why people choose it.
You get three things that are hard to achieve alone.
Professional management. Experts who study the market full time make the buying and selling decisions for you.
Instant diversification. Your money is spread across many companies, so one bad stock doesn’t sink you.
Low entry. You can start with a small amount, often as little as a few thousand naira, and add to it monthly.
How you make money from it.
Two ways. The shares inside the fund grow in value over time, which raises the value of your units. And many of those companies pay dividends, which the fund collects and adds back in.
You can usually reinvest everything so it compounds, or withdraw as needed.
The honest risks.
An equity fund rises when the market rises, and it falls when the market falls. In a bad year, the value can drop. This is not a place for money you’ll need next month.
It is built for the long game. Three to five years and beyond. The longer you stay, the more the short term dips smooth out and the growth shows.
Who it’s perfect for.
The busy professional who has no time to study stocks. The beginner who feels lost picking companies. Anyone who wants exposure to the stock market’s growth without the daily stress of managing it themselves.
The bottom line.
An equity mutual fund is you saying, “I believe in the long term growth of strong companies, but I’d rather let professionals handle the picking while I stay consistent and patient.”
That single decision puts you ahead of the millions who never start because they think investing is too complicated.
It was never too complicated. It was just never explained to you properly.
I listened to @pastorbolaji message this morning online, and his breakdown of the “Laws of Finance” was truly amazing. If you want to build lasting wealth, these are the 5 non-negotiable principles you need to master.
1. Law of Exchange (Income Generation)
Money doesn’t just appear; it is exchanged for value. To increase your income, you must increase the value you provide, solve bigger problems, or reach more people with your skills.
2. Law of Financial Discipline
Making money is only the first step; keeping it requires discipline. This means budgeting strictly, avoiding unnecessary debt, and living below your means so you have a surplus to work with.
3. Law of Saving
Savings are the foundation of wealth. You must intentionally set aside a portion of your income before you spend it. This isn’t just about hoarding cash; it’s about building the capital required for the next step.
4. Law of Investment (Wealth Generation)
You can’t save your way to financial freedom, you must invest. This law is about putting your saved capital to work in assets like stocks, real estate, or mutual funds so your money generates more money.
5. Law of Risk Management
Protect what you build. Whether it’s diversifying your portfolio, having an emergency fund, or buying insurance, you must actively manage financial risks to ensure a single setback doesn’t wipe out your progress.
To summarize:
- Generate income through value
- Stay disciplined with expenses
- Save consistently
- Invest to generate wealth
- Manage your risks
If you want to build wealth and still enjoy your life You need structure.
Let me break down the accounts you actually need 👇🏽
1. Your Main Account (aka HQ)
This is where salary enters. This is where bills come out: Rent, food, transport, subscriptions…
This is where more is sent from to the other accounts
Everything serious passes here. Think: GTBank, Zenith, Jaiz, etc.
🧵