Obedient price action on the HTF but no entry on the LTF.
Was hoping to get a tap on the daily FVG before resuming lower but it didn't.
Now we wait for the next phase of price....
You'll have N5 million and Twitter investors would be advising you to lock it up in Piggyyvest, mmf on interest of 18% per annum. That'll yield you N900,000 at the end of the year and N75,000 every month.
Very rubbish something. How can you be comfortable getting just N75,000 monthly on a N5 million investment.
Instead of that,
Go to any busy market within your town. Secure a shop. Go straight to Dangote cement and order for a trailer load. As at today, the factory price is N11,700. And there's 300 bags in a trailer load. That's a total of N3,525,000. And they will deliver it cost-free to anywhere you are in Nigeria.
When the cement arrives, you can sell at N12,750 and within a month you can finish one trailer load and make N3,825,000. That'll give you a profit of N300,000 in just that month.
And the interesting thing is that you may not even need to be there. Get a salesgirl and only come around to take stock records.
Within a year, you have N3.6 million Naira profit and a huge portion of your N5 million capital is still untouched.
Everything no be Piggyyvest and MMF. That's for lazy investors.