STEPS TO PROTECT YOURSELF FROM HIGH-RISK INVESTMENTS
1. Financial Education: Before investing, gain a solid understanding of basic financial principles and how investments work. This includes familiarity with terms such as expected return, volatility, and liquidity. Investing in your financial education can make a significant difference in the long term. Learn before you earn.
2. Risk Analysis: Carefully evaluate your risk profile and how much you are willing to lose. This step is essential to protecting your capital.
3. Diversification: It is vital never to invest a significant portion of your capital in a single investment or sector. Diversification reduces specific risks and protects your portfolio from unforeseen fluctuations. A well-balanced strategy leads to more stable outcomes.
4. Consulting Experts: Before making significant investment decisions, consult a financial advisor or industry expert. These professionals offer an objective perspective and help identify potential pitfalls. Don’t hesitate to seek support when needed.
“Please, we are begging . This is our 13th day in the den with both the children and us, under the rain and scorching sun. Please do not fight these terrorists, Gov Seyi Makinde , negotiate with them and give them whatever they demand.” — Kidnapped principal and teachers in new video released by terrorists.
1. Drink water, put a bottle by your bedside, drink when you wake
2. Ask your friend abroad to buy your multi-vitamins. Take them daily
3. Stop taking soda and “juice”, eat the fruit with the pulp, chew an orange, don't drink orange juice.
4. Slow down on the carbs, garri, jollef and amala, and do more protein. Termites are high in protein if you can't afford beef. ( I didn't stutter)
5. Sleep longer, weekends are for sleep, not just parties and watching football.
6. Take your holidays, do not exchange them for cash and work all year round. Go to a village or slow area for a holiday once in a while to decouple. Travelling to the UK or Dubai to shop in malls and eat a burger is not a holiday
7. Slow down on salt and sugar, think more of ginger and turmeric
8. Eat suya, eat the vegetables, onions and tomatoes too, all join
9. Slow down on white bread, pasta, etc. Brown rice 👍 is Ofada rice brown? Does anyone know?
10. Have sex regularly. A blow job is not sex
11. Stretch, walk, move. Yoga is good.
12. Be happy, watch comedies, laugh
13. Have an emergency fund. Looking for urgent N10,000 on “Tuesday” will cause hypertension faster than salt.
14. Buy a plant, have a garden, sha touch soil once in a while
15. Be careful with the news you listen to, don't be naive, but don't dwell in the comfort of mockers
16. Fall in love, not mandatory but recommended. Yes, you can love the company of someone, all join.
17. Use deodorant, not Antiperspirants.
18. Guys, change your boxers daily, even if they do not smell. A beard has to be combed and maintained. It's not fallow land
19. Ladies, you also look beautiful without a wig or nail extensions, plus you save money 😉
20. Don't bleach your skin
This is financial advice
Dear men,
1. Watermelon and beetroots give you erection.
2. Eggs and garlic boost your Testosterone levels.
3. Kegel exercises and maca root give you stamina.
4. Avocado and banana give you strength.
5. Pomegranates and oysters increase your sex drive.
6. Bitterkola and coconut make you last longer.
7. Drinking 3 litres of water and sleeping for 8 hours a day will boost your metabolism.
8. Tigernuts and dates boost your performance.
9. Eat these daily to naturally boost your overall sexual health.
Repost for others to learn!
How to Build an Investment Portfolio and Convert Your Active Income to Passive Income
1. You earn Abi? If you don't earn, stop here and earn.
2. Make a personal pledge to save 10% of what you earn—meaning you don't spend ₦10 of every ₦100 you get. I recommend setting up a direct debit from your paycheck to a separate account so 10% is taken automatically. Don't trust yourself to transfer manually. Use technology; you can't miss cash you never saw.
3. Of that 10% saved, invest 2% (lock it up, preferably in an equity mutual fund or equity ETF if you are younger—below 50). Put the 8% in a money market fund as your emergency fund (you can touch it, but don't).
4. Do this every month: 10% not spent, 2% invested, 8% saved.
5. Every quarter, take another 2% from that 8% emergency fund and add it to the equity fund (i prefer dividend paying equity). Increase the invested portion by 1% each year. So next year: don't spend 10%; save 7% in a money-market emergency fund; invest 3% in a long-term equity fund. Reinvest dividends. When you get to 10% of your earnings invested, you are ok; at 20%, you can chill. Your goal is to build a passive income portfolio from your active income
6. Get an accountability partner or group. If you have a partner, do this together. Do an investing "ajo" just for commitment. Don't do bulk investment—do monthly investments or invest money anytime it touches your hand if you are self-employed. Ladies, if he can't save 1%, he can't save 10%; save yourself.
7. Don't wait until you "earn more". Don't say "I don't have money". That's the devil trying to mislead you. (yes, same devil that tempted Eve)
8. Minimum, I think you should start to invest with ₦5,000. Meaning: if your 10% is not up to N5000 in a month, accumulate it in an emergency fund; once it reaches N5000, open your equity fund.
9. The key is consistency and discipline, not the amount invested. Ignore the maker's daily rise or fall; you are a long-term investor.
10. This is a proven formula. It will not fail if you follow it.
11. Pay tithes or give to charity—it brings good karma.
If you are a young person, read this tweet
1. Open two equity brokerage accounts, one for US stocks and the other for non-US stocks
2. Buy an equity index fund, equity mutual fund or an equity ETF (tell your broker or search in the app)
Allocate minimun 60% to the US Equities, 40% to non-US
3. Reinvest all the dividends back into the portfolio. Ask the broker if they offer DRIP (dividend reinvestment plans)
4. If you can invest 1% of your gross income monthly in the equity fund
5. Add a beneficiary
6. Ignore that portfolio for a decade
Time is your friend, delay and excuses are your enemy
You can do this today, no excuses
1. Have a company?
2. Hire your wife and children as company staff.
3. Open and fund RSAs for your wife and kids.
4. Your business claims the RSA contributions as a tax deduction.
5. Wife and kids pay their salary into the RSA as AVC.
6. After 5 years, they can withdraw the principal tax-free.
(AVC means Additional Voluntary Contribution)