The PersonalFinancialist

Simplifying personal finance, one step at a time, by providing practical knowledge that empowers individuals to make the right choices about their money!

[The PersonalFinancialist @ThePFSchool]

The verdict reached...

[The PersonalFinancialist @ThePFSchool]

@FinPlanKaluAja1 4) NNPC filling stations will sell based on the ultimate cost price from the refinery.

Implication: the pump price at the NNPC filling stations will not come down as a result of the Port Harcourt refinery working. Only availability may assured.

[The PersonalFinancialist @ThePFSchool]

@FinPlanKaluAja1 3) How it will work: NNPC Trading Limited, another subsidiary of NNPCL responsible for bulk buying of petroleum products from refineries (home/abroad), will buy from PHRC and resell to NNPC Retail Limited, another NNPCL subsidiary that operates the filling stations...

[The PersonalFinancialist @ThePFSchool]

@FinPlanKaluAja1 2) So due to anti-competition laws (FCCPC Act), the NNPCL cannot sell crude oil to PHRC at a rate cheaper than what it sells to other refineries operating in Nigeria (i.e., Dangote refinery).

[The PersonalFinancialist @ThePFSchool]

@FinPlanKaluAja1 1) The Port Harcourt Refining Company (PHRC) is a subsidiary of NNPCL. It stands as a separate entity with its Management (an MD and EDs)...

[The PersonalFinancialist @ThePFSchool]

A combination of #stocks and #realestate can balance growth and stability. I lean towards stocks for long-term compounding and real estate for passive income and diversification. This mix maximizes returns 💰 for #personalfinance while managing the risks.

[Ben Lovro @benlovro]

Is wealth built faster through:

Real estate or
Stocks?

What’s your go-to wealth-building strategy, and why?

[The PersonalFinancialist @ThePFSchool]

Bitcoin has laid every doubt about it to rest. But as a speculative asset heavily influenced by public sentiment it remains volatile and carries significant risks. Anyone investing in or holding Bitcoin should remain informed and cautious. Key to intelligent #personalfinance 💰

[Jack F. @jackf_tweet]

Will bitcoin be worthless?

Or will its price grow even more?

[The PersonalFinancialist @ThePFSchool]

I will call this a 5-commandment of investing. Key to #personalfinance 👌🏻

[Christopher J. Massotti @ChrisMassotti]

📉 𝗖𝗢𝗠𝗠𝗢𝗡 𝗜𝗡𝗩𝗘𝗦𝗧𝗜𝗡𝗚 𝗠𝗜𝗦𝗧𝗔𝗞𝗘𝗦 𝗧𝗢 𝗔𝗩𝗢𝗜𝗗

1.𝗖𝗵𝗮𝘀��𝗻𝗴 𝗛𝗼𝘁 𝗧𝗿𝗲𝗻𝗱𝘀: Jumping into popular stocks without understanding the fundamentals can lead to losses once the hype fades. Always research thoroughly before investing.

2.𝗙𝗮𝗶𝗹𝗶𝗻𝗴 𝘁𝗼 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆: Putting all your money in a single stock or sector increases risk. Diversification helps spread risk and protect against market volatility.

3.𝗜𝗴𝗻𝗼𝗿𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗙𝗲𝗲𝘀: Fees can eat into your returns over time. Look for low-cost investment options to maximize your gains in the long term.

4.𝗥𝗲𝗮𝗰𝘁𝗶𝗻𝗴 𝘁𝗼 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆: Panic-selling during a market dip locks in losses. Stay focused on your long-term strategy and remember that markets recover over time.

5.𝗡𝗼𝘁 𝗛𝗮𝘃𝗶𝗻𝗴 𝗮 𝗖𝗹𝗲𝗮𝗿 𝗣𝗹𝗮𝗻: Investing without a strategy can lead to impulsive decisions. Set clear goals, determine your risk tolerance, and stick to your plan.