2025 Personal Finance Checklist

you know, what does it all mean? That's the idea. So when we come to the space, we're all learning together. We have lots of great guests that had come and they come and talk to us about topics. And then of course we can learn the shows that are recorded and you go back and you play it and you and that's the whole idea. Everyone. Really, it's a great space to be on Sunday because it prepares you for

the next week. You learn something you might have known about and you can take for the next for the next week. All right, guys, I just want to review for this is going to be our last space right in twenty twenty four, and it's been a fantastic year for us, right, we all made it. That's the first thing we all made it. Were at the end of December a few with the new year. The new year is a financial event, which means the new year you get to reset your entire finances, you get to get

news during your income. But even it's the same thing. You know you're going to start from January first, and whatever plans you have psychologically you are starting from January. It sort of gives you, you know, a boost, a new year resolution. You can start whatever I want to do January first, on tap a budget on the track from January, and it does not allow you to know

to power through an entire year. So last night or yesterday, I was looking at my podcast because what we do when we when we have the spaces on Twitter, we saved them on the podcast. Oh it's there forever and I know the podcast is the way I see it. I think I've shared the links also my oh my, on my timeline, you can do that link there. We've done west about in November twenty twenty recording the podcast. Before then, weren't on the podcast. From November to sixteenth,

twenty twenty, we've set to record the podcast. I counted about two hundred and forty five episodes that were recorded, sixty in twenty four alone. That's a lot. That's more than normal four a week because we're here every Sunday. But we've done more than that, So that's fantastic. And we've only done that because you can stop tuned in here. We can week out to listen. And I do appreciate it. Was I was looking at the top podcast. We've done, the very very top episode. We've done the number one

episode does better? How to buy a house in teny six months as an imigrant? That was space we did in January or two grade too. I think we did it again, and especially I laid out how as an immigrant to travel to the West maybe in the UK, the US, Canada, the same principles work. How you can get the house in the six months. It's possible. It's

twenty four expected, but it's definitely possib to six. It's not like motivational speech to give you the step by step how if you leave Nigeria today and you go to the West, Canada, the US. Okay, it's possible to buy a house in the six months. And why is it important? Because buying a house is a popular to middle class in America and you in the West. When you own a home, you own equity and that puts you into that with the economy that is structured. When

you own a home, you have equity. You can then pass on generational wealth. The difference between the demographics in America if you look at the white Hispanics and the blasts home ownership US. Homeownership allows you to write a check on the appreciation of your home, that loves to send your kids to university. That gives you a low interest on business. I'll give you an emergency fund. Most blacks do not have a home, so they do not have that place they can run to get a low

interest credit if they need credit. That's that's the main difference. There are all the things, they are all the things, but the inner ability to get a mortgage. That's why you had on the jim. You had the red line because the guys that were quote to racist understood that if you keep people a home, you're putting them on the path of self sofiictancy. So not having a home, not having been on that pathway, it's a big big when you can you get rich of at home yes,

but the pathway is you're coming. You get a mortgage, or you g educated, you get a job, you get a mortgage, you're on the pathway. The equity is yours. That everything is there is you know, So getting a it is very very important for you as as an immigrant because you have to stay somewhere. Right, is that you pay rent or you pay a mortgage rather pay a mortgage on the home. You're still going to pay anyways, right, and the mortgage is going to be cheaper for you

down at home. And that was the biggest episode. And of course I have a way to invest a billion. We had the Apple tell us how to invest, not really how to invest in? How to do aster location? If you have money, how can you invest? Where do you put it into? If you're this, if you're in Nigeria, if they give us Nigeria, give us the UK. And of course the guys from Clever was an app that allows you in niger to put a bank account abroad, right, so they we're also here. It was very nice people

listening to them. And you can see the theme of this train of this tree highest grossing top downloads, how to buy a house, how to invest, how to on the bank. People want to do things. We want simple financial topics that they can listen to and I can understand and they can implement. So we're glad to be there right over the last model don't three episodes the first episode of Financial Health check who walked about your income,

your expenses, and of course your budgets. Then the next week we then did assets and liabilities and assets application. We said, okay, we now know you want to do a budget, but if you have a budget, where do you invest? Right? That's what we then talked about where you can invest, how to build an ASSAT application if

you're younger, and all that. So this week we sort of want to like close it out with a checklist for you for two and twenty four and again, guys, it's the last podcast of the year, so feel free to request to speak or leave a comment if you have a question as an outset of topic, will be glad to take them, So don't restrict yourself to just what's on the topic. If you want to speak, request to speak. I'll ask you on you and ask your question.

It doesn't have to be what we're talking about all I just want to get across before I handle over the mighty folks. Is just this concept of having a checklist. There are many non financial things that killed you in twenty twenty four that you want to get done for twenty five. And I've shared if you got to my tut page, I've just shared a checklist from my book Let's talk about your Money. So page two fifty four

the appendix, talk about your checklist. And if you don't have that checklist, it's right down on the Twitter page. Just go there and it's listed from number one all the way to number seventeen. And this is a thing that you want to do at least take them off on your checklist that you don't have what doing to be Four. If you'ven't done, then it's very very important to get themsel five. Number one track all you track all your expenses, write it down. I prefer this for

tray month. This is what we talked about two weeks ago, right tracking your expenses so that you can then create that budget. So the abilities you track your expenses, you categorize, you're look dollars dollar or narrative your expanizations. That's a budget. That number one, so we say track your expenses. Number two track your income, especially passive income. And of course you number we set passive income. Because we set passive income,

it's what makes you retire. You are only rich when you have passive income, not when you have active income. What I means is this, if you're a footballer and you get to pay them million dollars a week, you are not rich unless you convert that one million dollars salary into passive income. When if you take that salary you buy a house, a housepace your rent. Your rent is your real income, not the salary they're paying you. Same we keep in the bank your active income, that

income you make from going to the bank. It's not your wealth. It's when you convert that active income, so passive income, it means income you make me not there as well. Number two track you all your income, especially passive income. No, the tree creates a shuttle of your assets and liabilities to cap with your networks. So income is different from network. Like I said income. Then you buy an asset, the asset goes to your by a sheet.

It's the difference between your assets and liabilities that is your networks. So if you earn money, you're not rich. It's only when you convert that money to an asset that stream of income, your salary whatever it is, to an asset that pays you income. That's when your network can go up. Right, which are also before track your

discretionary and your non discretion expenses. The trick is this, you want your passive income as you are working to cover your non discretionary expenses because that's when you can retire. Retire is an event, it's not an aid. Retirement means when your passive income can cover your non discretionary income we're having there. Number six, create a fund to cover your three to six months of your non discretionary expensive dision emergency fund, so before you invest, before you start

to invest, create your emergency fund first. Why you don't want to invest and how to sell your assets to pay an expect your gross knock when you gets sick, So you do majisty fund first. Then of course you do your budget right. You will be your balance sheet by this number eight. If you're balance sheet, you want to identify high interest debt and have target to pay them off. So when you attract your income, you track

your experiences, you do your balance sheet. You want to look at your balante and say, what are the high interest debt there? I want to pay them off into twenty five that because the targets are going to extract from your balance sheet. Right. Number have talked about investing. We've said number one and Majesty fund. Number two. You want to pay off your high interest that we haven't talked about the investments. Number three, you want to buy

life insurance. If you have dependents, you're going to do all this before you invest Number one, Right, you want to have the Milissy fund. Number two. You're not paying high interest debts, high interest deb not all debt high interested. That is very expensive, very short off. Right. Number three, you want to buy life insurance, which means if you are if you have a family, guy, you have a family, you have dependence, you want to buy insurance. There is

nothing like life insurance. You can ensure your life. What you are ensuring is the loss of revenue should you not long be there. So if you're not only are there. Who pays for the school fees, who pays for the mortgage, who pays for the day to day living. That's what you are buying. So if you end a million, you can say, I want to buy five times my annual income.

I want to buy Lifa durants for five years with me that whatever happens to you, your family is away for five years, So you buy life insurance if you have dependent. If you don't have dependence, you don't need it, so you don't life insurance. If you don't have dependence. Right number four, what else you do? You have to sign up for your employee pension plan, so if you have an arrest in Nigeria, make sure you are contributing. You don't see the economics bad. No, you want to

keep on compounding in your retirement service account. If you're in the US. Very important. You want to make sure that when you what do your penis your team so that when you go for a company, they will tell you if you pay your dollar or will match you. You want to find out from your HR what that match is and you want to make sure you are contributing the minimum to that match. So whatever if your company is matching five percent, you want to make sure

you are country in at least five percent. You don't have to do six, but make sure you are doing the match because it's more at the table. The company is saying if you put a dollar. We're going to give you fifty cents. Make sure you do that dollar to get the current mooding match. We haven't talked about investing number one. You might just see fund number two, pulp your debt number three by life insurance number four.

We are saying to do your retirement plans. They want to check this guys on on Twitter bait, do your retirement plan. After you have done all all this, that's the only time you can then go in and say you want to invest where saying open up an investment account. If you don't know what to do, try and do an index fund. You know, index one means you're buying top down, you're buying the whole exchange. Right, you buy that, you understand the market, then you take it from there. Right,

you buy an index phone. Then you can then go to a sector phone. They can then go to the individual phone. Right, because you don't know what you're doing, right, and you don't want to just buy someone that you think it's going to go up and I force if you want to diversify your risks across the board right top down, So you're going to say on to buy Nigeria or on the buy us and then from the US you're going on to buy text sector or by

the banking sector. Then you walk your way down right, and then we say no bout thirteen your automatic cost black cost average. We miss from being consistent. Investing's about being consistent. You don't investigate and stop even if it's ten error. Be consistent right, And it's only when you have done all this you're cann talk about having a mortgage right or no, a charity or you know, or

getting a credit card to build your credits. So it's all detailed out there in the appendix street so you have taken so long as now the floyd is always open. If you guys request to speak ACTID they've dropped off, so requests to speak now if you want. But it's just one to talk to you guys about. Don't forget to sort out your estate account right? Your estate part of your financial plan? Do you have it next of king? Is it listed in your organization? Do you have it there?

Do you have a bank account? Do you have a beneficiary on that bank account? Very very important. All those nothings that you might take for granted or not put a lot of emphasis on, is actually where you want to put some you know some do some housekeeping on. There's no point not having lots of money. I'm not

having a shadow of where your assets are. You want to have this ship where all your assets are, so you can know where they are and then you can off like manage them and if you want, also distribute them. So very important, guys, the point of making so let me just go straight to DM. Sorry about that, So we have first real question is here? Please go over the investment in the pain of my debt. I do this, yes,

so please start asking. This is from Obaka. He's asking if you should Why should you pay off your debt before you invest? Well, because look at it this way. If you are paying a debt or fifteen percent and you invest on you make fifteen percent, it's not the same thing. When you pay off that debt, you're making one hundred percent return. If you are owing so on and you paid the percent off, God you made one hundred percent. Y why because you now have all that

money available to invest somewhere else. So if you are paying, if you are investing in the property sometimes giving you ten percent, and you are owning, so one ten percent doesn't make any sense. The best investment can take to take that ten percent and pay of the debt so you don't have any debt. It helps your networth, It makes you reach because you're using your debt forever and you're leasing cash note back to you. So you want to do that because that gives you a higher return

than actually going to invest money. That makes sense, I work. You want to invest first of all in what gives you a higher of return, and pain down your debt gives you a higher rate of return. Yes. Also, let us questioning here about emergency fund. Your emergency phone is three to six months of your non discretionary expenses, which means when you list out your expenses, you want to ask yourself which expense is the most important expense? Which expense do I need to do? Like I have to eat,

I have to buy gas? You list those expenses out. When you list them out, you want to save at least three to six months of those expenses, not all your expenses of the emergency fund expenses. Right, and it's whatever are you list as amgencive pon an emergency fund?

because that's why it's an emergency. It doesn't have to be in the bank, but it's got to be in cash or near cash. That's the point. It's got to be cash or near cash. So great question there on emergency phone at, the podcast available, Yes, if you go to the DM, if you go to the what's called if you go to the tl my what's it called? On Twitter? You said the podcasts, it's called Let's Talk about Your Money. It's right there. So you can get all the episodes on spreak at. The podcast is recauded

on spreaker. You can find a podcast on Apple, Google, on anywhere literally you have podcasts. You can find our podcast. Lots of great topics there. So yes, it's on my DM, it's on Twitter. It's also on Spotify, Apple podcasts and all that. So anyway you have podcasts, yes, you can find the podcast now. Having a lot of guys requested to speak one of what are you guys? Okay? Perfect? Okay, yeah, I hear you. Yeah, So you can record to speak, guys. I'm just going through dms and most of them are

repeating themselves. But I prefer to do the live. So if you want to speak, just hit me up on that guy. Let me read this one. Last week we talked abut let me see it. Last week we talked about investing in shares. Also, okay, so last week we talked about investing in shares and you and you were talking about ETFs, so okay, okay here, so last week we talked about ETFs. That's exchange traded for So exchange

phones are not different from the index. Exchange funds can invest in the index, so for restarts, if you do not invest in Nigeria or the US, you can buy an e t F that invests in the index of those shares. That's what I mean by that. Sydney, how are you doing your first guest today, Sydney? Casey, what's in my Sydney?

And I've heard from like different financial experts that you cannot like invest you you cannot like three differentancial markets as as good as you do. What is your take on like some food like professional and another professional be treating.

of them do not do better than the index. So if you simply buy the index, index means that there's there's an index that tracks all the funds in that exchange. For instance, you see S and P five hundred that's tracks five hundred stocks in the US market. You see NNGX that's n and All Share Index Nigeria that is all the shares in Nigeria. That index has the return

in Nigeria, the index is like tenty six percent. So what they're saying that if you give you money to a stockbroker, it might not even be that six percent. So what's the point. If you're not going to be trading actually and you don't know what to do, it might make more sense for you to simply buy the index that Nigeria has an all share index thirty. They have pen coom In's called pen coom index that have a bank index are like indexes that are tracking particular stocks.

So if you just buy what those that indexes buying and just forget about the security for an entire entire month, we make as much as the index. So I would say, if you don't know what you're doing, try to do index funds. They are cheaper to buy, they are more than specified and you're putting your quote and quote faith on the entire market. You're buying the market. I don't like day trading because you are trying to trade against people that are more experienced than you. When you are

day trading, you're doing what's called scalping. You are buying one sell at one point one and make one goble. You only make a lot of money with day trading if you have a lot of capital, because when you make ten goble spread, but you're both in million shares, it makes sense if you have a million Nira, what are you day trading? If you're converting in Millionario two dollars, it's like five hundred dollars. You can day trading. That is too small. If you make one hundred percent from

five hundred dollars, what is that? That's a thousand You get the points and making. But if I trade a billion dollars and I make points, zeros us lou one of that, do you know what I mean? So I would prefer that if it's based on your objectives, based on your age, if you know, if you're not sure what to do, just go buy index phone. If you're in the US, if you're Nigeria. Go to your broker. Listen, buy me the injects index or buy me the banking

index or buying so it's it's cheaper for you. Then you learn more about the market before you then go into individual stocks. Does that make sense to you? Yes? Yeah, so that's what I'll suggests for you. Right, try to do the index side first before you go into the individual stocks. I don't think you should day trade. It's to takes your time, it takes capital and you can lose everything.

ways to invest. So if you say why am I investing? Am I investing for retirement? That's the statement that I convert to me in long term. If you say, I'm investing because I have this money, but I'm need it in two years for my project in my head, my financial head, I here two three years. So why you are investing is very very key to me. So I'm not sure if you can share it or if I should just talk and you can take it down and

then operate what you had your conversation. Do you want to share or just go ahead and you and I continue? What do you want to do?

if that that investment can grow. But you don't need liquid it. Okay, let's talk about your risk profile. It tomorrow the market fall by one hundred percent, are you okay? We live in it? There because you have a three year more ultimatum on my sorry timeline, or you don't take everything out what you're taking on this, I'm taking it. I'm sorry to have Okay. So it's the problem. It is the problem. When you are risk address, you can't risk your principle.

this short space is gone up. It's gone down. So for someone like you that wants your more principal intact, imagine if you had bought maybe Testla or the op positive Testla. Imagine you had bought Moderna, but those COVID injections they were up there. Down in two years time you want your money back, it's no longer because it's gone down. So stocks are not for you for a

two year investor. Also, you said you want to grow your capital, but you don't want take a lot of risk, so that the two goals that not do not mayage. You understand, it's got to That's why I ask your objective. So your main objective bis on what I'm here, and you say is more or less a short term investments, right, fixed income where your capital is preserved. But to give you in biggers you say in more why that happened to make larger or return on your principle? So it's

no longer ruler. Principle is making a return on your principle? Right, Okay, let's do so. Now do you want to invest in Nigeria or dorte to invest abroad?

fd ICY protection. What it means. It's not guaranteed, but it expluses yes. Now can you live with a non FDIC. You can say, well, this bank will not crash. It's in America. There's an implicit guarantee. You can see that, right, But you don't have the fd I guess is two thousand and below. So if you know, if you tell, if you tell a broker, listen, you can give me a city without fd I s. That means you can

get I will pay you five percent for now. Remember this week today is artificial because the high invision in America is going to calm down. So for also like you, that's what I'll ask you to look at. I won't actually look at bonds because you're looking at a short term two three years. That's a CD. I would go to a CD or a money market for your kid is going to be a money market because the move longer term and you can withdraw it out. Turn my program, can you give me the FDIC option, give me non

FDC option. When it gives me poth of them, I'll look at it. Built on my risk profile, I can decide to do. I can spread an investment into three or four companies, you know the CEM amount of spread across, or do a lot a lot. That means you do three months three months, so three months, six months, nine months majority, So every three months is mature and you're standing, we take that money you have, you divide into three

six nine, So every three months is maturing. So if it's mature, you like it, you invest from that three months. If you don't like it, you take it out. Things like that. But that's how that's how we would invest for you, because you're in and all that. If you have come to me and your said give me another objective or that this profile, you don't ask a class. So there's no better or best investment. There's only an investment that meets your objective, which is what I've just try to do today.

There are also more cities that pay you more if you want, if you can take the risk. Turkish bonds are paying late ten percent, so you can go across the world. Just ask it, just google it, just say city heels across the world. They will give you lots of wills. Nigeria is paying in dollar terms dollar Nigeria for thirty years. So if you bought a euro bond, you should buy Nigeria to make about eight point. But that's the coop one. If you look at the yield,

it's more than eight. So if you buy that the rope bond, you should buy Nature. You get more than that from the secondary market. Right, And that's what I was ask people to do Niagien because you can do nicety a dollar. Also it's better Niger. But if you talk to your broker, I'm sure they can keep you away because you're getting the West. It's harder for in Nigerian to invest, but you are already there. They don't mok yc and you, so it's easier for them to

basically get that for you. So talk to them. They kind of hear on on on how you can grow yourself. My brother, it's the same way that you are. You a football lover, it's the same way the same way you lend what offside rule was? You watch football your uncle said offside, you did what they're talking about. Then you watch it again offside, then you actually up. Then you're not all offside means the same way you lend offside,

learn about the best You've got to go studied. Here people talk and I always recommend you to go to YouTube. So YouTube just just put YouTube outing about investments. You see tons of resources with videos that will break it down for you, explain to you in the way you can understand. Also, read books also with podcasts. Also listen to Bloomberg. Let me recommend my book as well. I'm a Nigerian guy, but I've worked across you. You have worked in the US as well, and after all, my

life is apart from when I started off. I don't finance, mind you. Money is for rich people, manage money in pension funds, manage moneys across the world. Right, So I've tried to write it very simple, but you understand. So if you get that book as well, it helps. Also on Twitter, just do the hashtag thin plant books. I'm going to shad thin plan books. That's hashtag fi n P l A n b A who kis. I also

created lots of books that was perfect for you. So if I want to do other books, just use that hashtag. You see lots of books that put there that are just great for you to read and learn. But I like you too. Like podcast just that many podcasts on money that I like. Every day you hear podcasts everything without the time. If you're driving, convert your card to a laboratory of learning. Just listen to music, podcasting money.

You pick up the terms. You pick up the terms, you understand how it works, You understand why there's offside, why there's this, why does this penalty? The same way. That's the best way I can advise you to go ahead.

business mix. Will have to separate both of them. First of all, I think I'm not sure, but I think there's a lot of core mingling of incomes and expenditures. And I think comingling is because you just haven't had the structure before we go into business strategy. I think the simple th introduce is ask you do you have where do you pay the gig income to? What bank? Does it not not know the bank. How many bank accounts do you have? I think I do have three?

So one so is anyone for yourself personally? The only one that I have.

it yourself. There are many apps you can use. Right, you can buy an app and you can key in like I'm not sure if that your offers that where the app can go into your account and record all your transactions. You might have to do it yourself manually. There's an app like Mint. There's to be a Niger app or the longer available where you get this app you key in all your expenses and then the apput

code it for you. So Utilities supplies power to code those expenses for you on what you are doing on your business side and also for your personal side because you are losing a lot of money from not cleaning. Do you pay don't answer, but do you pay taxes? If you pay taxes and you cannot get your expenses listed out, you are listening of money. You're leaving money on the table. So you want an app that you

can code all your expenses you are making. You buy sua, you enter a cab, you buy cook Those are business expenses, but if you don't code them, you can't claim them. Also, if you don't code them, do you don't know if you're making money? Do you know how much profit you make? And how much income you make? Do you know that?

that is only for the business. If you want to do three, you can do three and have one for your personal self and then do one for the business self. You can do that on the app. It's on my website. It's not my website, it's my name, Carlo Aga or orgy. If you better going to see financial calculator, it's a big red columny that if you hit it, they're going to give you. You see where you're putting your goals. You see your income, it's your expenses, it's your cash.

It wasn't automatic for you, so once you're putting your income, you will sort of like dopyting else for you. What you want to do today, this is greatest twenty and five is you want to have three books, Go and buy two exercise books. You don't do this computer one. Buy three exercise books, one for yourself, one for the business, one one for business.

give you expenses. If you want to send me a DM, let me work with you. I'm not gonna charge you, don't worry. Just want to use you as as you say, a key story, right, So we just to organize all that for you. So but you have to show that you want to be too popper about right, So let's

do that for you. So first and first, we're going to separate everything from generally first, right, so we're lucky, so generally rest you should know every income that comes from business one, from business too, and your personal so it's all separated. That's what you do. Then Nomber two, you record them. Can you do that for me? Just separate and record That's all I do today. Separate and record them by generally and we get an song that will come and do your your audits for you. Then

you can have a picture. You might be making losses you don't know by making property.

the piggy that's perfect. Let's do our RSSA. Then we can start you with buying. And how young you are about to sound, I'm gonna say so if you sound younger, I want you to do more of equities, So to invest in equitizations because then you can take advantage of your age and compound. Right because at your what's the interest you're making from piggy bes cepeple, what's the interest?

get you into one that time savings. That's how I do mis account. And we're going to try to buy you some equity, US equity and your equity. We get two of them, right, So but one thing, you're going to separate your back account for your personal Like I'm going to have three accounts on Excel, on an Excise book, or on an app if anybody has an app that doesn't send me a d M or shared, but separate

and record. That's for what you're gonna do. Nomber three, you're gonna put up an r C. And number four, I try to open up and app and allow you to buy shares. There are three shares, there are three companies.

that crypto. Right yeah, perfect, all right, super super nice questions. Appreciate you, thank you. Let's guess who is your sir? Who your.

that flexibility. Yeah, but the same one, the same thing, no difference.

Africa from Africa, the most educated Africans. It's so with all this, do you think that this is a good place for money in? Obviously yes, the question is when should make the money in and where should we put money in. We can't put money in and for ten years it's a look of place with the money's just going to waste because people will just steal it or do nothing, or you can't put money in. After five years the place has a good president and we're just booming.

So for the foreigners, amongst us it that's brand. You have an advantage, you have made more expensive currency. Do you packause you are buying Niger at a discount. You take a dollar and you buy the round stocks. You're buying an implicitly discounted mark. Kids. So that's the answer for you. If you believe that Niger will turn around tomorrow, it's a great time to buy. If you think it's all over for Nigeria. Don't want your money, keep it back with you, But it depends on your attitude to

risk how long you want to invest that money. I know a guy that took money and invested rents and he built the university's and house in Nigeria. He's got his money back. But when you message want to doors, it's nothing, But he gets his money back. So I told the guy, you haven't lost your money, you just don't have a way to invest the returns. So if you take your money there you go and buy palm canel,

or you buy a cashoe and you're exported. You tink you've got the willing back, but no one has that time, you see. So that's your answer for you. Really, it's it's a disgusted market. If you want to buy the best. You can't go wrong. But then again it depends on your objectives and your risk profile.

VT VT. That's an ET that buys all the stuffs that are going to buy a Microsoft, Tesla, Samsong, Toyota, all the stocks in the world. That's VT. But if you want to buy just five thousand, four thousand, Fiveulus stocks in the US alone, buy vt I. That's just VT but just in the US VT I. But if you want to buy in the US also, but only five hundred stock, I want to buy four on I don't buy five min stucks in the US. Then you buy v oh oh, that's five minute stocks in It's

how I'm coming down. I went from the world VT. I went to VT I which was stocks. I got to b O O with his five on the stocks. But if I don't want to buy the US at all, I want to buy some song, and I do want to buy US, I buy v x U S. That is all the stocks, and I was the US. If I want to buy bones, I buy b n D. If I want to buy property, I buy v n X. This is our whole banger. So why Bangard because it's large,

So the cost to buy one stock is cheaper. You buy the same stock, but it's cheaper with Bangard all so I always go with them because of the cost. Here they're not paying me. They don't pay its thing because I use them, or you go through your back. I normally buy to my bank and all that. But those guys also give you a good deal. Yeah, welcome, I've got giant, a giant hyry a giant olu. Yeah, Hi, go ahead? Can I speak up? Can I speak up a bit?

There's something called legos injurls network. Stef can google its legals injureds network. If you can google there and if you can get some some because I don't do Google power see, someone can invest in you. You get get an investment, local investment, get a large one to get for investments. So if you can go over there and if someone can invest in you appreciate that. Let me get Frank. I've got Frank, mister Frank f Flo.

in your incompetement. I'm not sure if you you're fooding what I'm saying. If I take you a one hundred million, I invest in my business, I buy head office, I buy a car, I buy a computer, and I do business. The business gives me eighteen millions. That's that's that's revenue or revenue does not have the connection with my balance sheet. Person, So when you say you can't find test million, are you saying you you can't find where you invested TESTI million.

what one hundred million? Then you sold eighteen million. That goes to your income as statements as eighteen million sales. That means that we do your audit your eighteen is a different book attire only your asset side. You should have one side to show your stock a one hundred million and your capital one hundred million. So when you sell that stock for eighteen million, right, the balance would

still be in your warehouse. Now, when your balance sheet, you should balance your stock should balance with your sales. Maybe your bank statements or your debt of sticks should balance your stock. Because the stock is leaving your your company to be converted to cash or debt. So each stock will leave your company, you're going to get cash or debt. That's where the difference is.

that's easy answer for your accountant. Frank it's a simple call for him. It's a simple call for your accountant. When you sell goods, you either get cash or debtors, and the cash was debtos should be equal to your inventory, so your balance to balance. If it's not balancing, that means either somebody stole your stock, or you have no cash in the bank, or you have your sold money on credit. I do know who you sold it to. It's one of these three answers. Either your student.

your inflation, right, you're uprising. So if you bought your one hundred million goods at a one hundred million IRA right when you want to sell, you can add your inflation and say, okay, I'm going to sell each bag of ride at one hundred Ira plus percent for my inflation plus my real profit, so that when you are send that eighty million, you are capturing all those costs.

So it goes back to my answer. The inventory will not be equal to your revenue, right, that is your inflation adjusted revenue, right, and that revenue will go to your bank or to get us. That's the different question asking now that when you're putting your pricing, you should have taken to account in fiction and your cost of sales to add to your COSTO. We don't have that leverage because moving. What are you saying? What are you saying? Frank, you buy a tenne error, we sell not much, but

you have to sell it first at what price? You don't have any imagine? We are the imagine like around, How do you demine? Imagine? It's just that's a selling so you can be able to sell. Frank, you have accountant now, no, no, each you can't do that. Now you have you have a cost. When you have a cost, you have to sit down every day or every hour you ask yourself, this is my cost a B. You have to know what your break even is. You have an accountant, write it down. What is your break even?

Your break even is the price that you must sell that commodity to make a profit or even to cover your cost, not even profit, just to cover your cost. In that break even, he will put infusion, he will put nepper, he will put in the last man, he put everything that even. You will tell you we must sell out for fifteen error to break even. If you sell a fourteen making a loss, that's where your capital

is going to. That's why your disappearing. If you sell to the loss, your capital will disappear because on one side you have a one hundred million, on the other side you have bank balanced less than one hundred million.

That's the test, Sar you're looking for, Frank, don't because for you I can fully, but I'm giving you all the insight for you now right, you are counters and given the outside it's very very simple thing you're You're just not either you're not not capturing your costs properly, or are not capturing yourself properly.

one you're not capturing your cost properly. Number two people are owe you on a tree. You're not capturing your sales. It's there, it's There's not a it's not a hard thing you're asking, but is more what you say it.

ten error. This is plus oil, we end tener, we want to spend fifty. So the gu is cutting a quote according to her size, not her plot. That's a big problem. The problem is this, we are borrowing eurobone, which is dollar, and we're also borrowing naira in nyra debt. We can print money and pay The last administration borrowed the equivalent wait for it, the dollar equivalent of fifty billion dollars, and how do we pay for that? Fifty

billion dollars. We've printed did forty billion or whatever, forty billion dollar bond. We've printed that money. So now you is printing nira to pay back n ira. If you look at the budget, forty five percent of board is going to debt servicing. So if you pay the debt and you pay salaries, the entire budget is gone. We are borrowing to pay borrowing. We are borrowing to pay salaries before you ever get to billion roots. But it's a big problem because what happens if tomorrow oil price

goes to fifty dollars in barrel, Now it's done. We're done because at up even now that's why we're not now. But god, this price, we can't pay the debt. But that we have, especially urobod Andreas light as oil something like that frecks. NNA is n NPC, but NNPC is not in the budget. If you pull up the fat but you don't see an NPC, You don't see it in any state. But what do you see? An NPC's in a softidy payment that you're paying. NNPC pay is subsidy.

But look at what is doing. NPS is also borrowing dollars and using the collateral of the NIEUA and Ira npiece revenues to pay. So NPC is borrowing. Nigeria is borrowing in dollar nira. We borrowed two billion dollars in December twenty twenty four to set this twenty twenty four budget, not no typo. We're borrowing in December twenty four two billion dollars to finance the twenty twenty four budget for

the big huge promise. As a matter of fact, is the biggest of Nigeria today because if oil goes to fifty because of battle, we're done for now. That's a big risk. The only thing that gives me a bit of confidence in Nigeria today is than go to a refinery because as Dangote keeps on up, he can export more products and gets more dollars into the country than is a revenue source. I don't think he would budget.

Guys have and will have the ground so that they might save the balance sheets, but I don't know how much because I's fighting him, you know. So when he exports his byproducts, that's the new revenue stream for Nigeria. He's already the largest non oil exporter with you real fertilizer. Imagine what he starts to export those other byproducts, that's going to be a big saving. So that's my answer

to you. Right, the biggest risk today in Nigeria is the oil price no fall to fifty or sixty and we cannot not money that not any enough to pay salaries and police police. So lt that's the answer. It's a big problem that the principal today.

You know why because they will prints pay. So if you give Nigeria one nira, they will give you back in one year one nira. Technico go risk free. Why should I go and invest like a day comes he's doing? Why should I buy the shop when I can get ten too percent? Niger Government risk free? So is paying me more than banks on pay me. So it's a big problem for the economy because if the government is paying you more than banks, ever's gonna go to the government.

No one's gonna go to the Banks's amo's gonna create jobs to the big, big, big problem. But it's the best investment today in Nigeria. That's the problem where else would you invest. There is no investment today that is regulated that is bus in inflation. Only the Nigeria stock market as an index. It's busing inflation or a they have particular individual stocks bused in inflation. But where else

do you invest? So the answer is to you if you want to do bones and money market, that is your mind is looking at short ten returns, short term returns. You can't find a short tail retails in nature that is safer and the venog bombs that is gonna be with nine percent none, So the size if you're looking

for a short term that's your best bet. If you have but you don't have fifty million after the big boys, your your best is going to be in federal sibbings bombs that are two and three years and pay you like eleven percent, and I think it's ten percent because you have maybe five k. But if you have fifty million, your best bus is pedogment bombs because that's the per saved best investment. I'm sorry to say, but it's a big problem. It's not it's not a good thing. It's

bad to ten percent. So you take it if that's your If you have a short investment and you don't want to risk that's your best investment. All right, You're welcome an any time. Let's get tech tech and solar energy. Pious.

going to go towards sex. That's what I'm gonna just share tweet. I think it's bamboo, just share it now, Bamboo, it is registered, Bamboo, Bamboo is there. Then we have howy wise, so let's put calorie wise.

and monetary policy series is almost twenty five percent. So banks paying you five percent are cheating. You should put more in any bank paying you five percent, but you should not put on in the bank paying you one hundred percent, I'll be worried. So I would say, like I said, the father is paying you. You can get many guys that can pay you legally more than that we had. This guy is from most of your name.

I do want the space pain almost percent. If you for the first time, let me get their name for you. Banking Bankly, I know if you are here. I shared Bankly a long time ago, were here they were as almost percent. So if you go go bankly, they are they're micro fenance bank right. They also have high interest. You can also go with them as well. So there lots of legal folks that can pay you more than that five percent. That that's why I would go to.

But again remember this is savings is short term. I don't think to put money in the Civies account for a for a longer term because it's fixed income. It's not basic inflation. It's a short term exposure. Did you have a flow before on?

So I build up a lot of points and I use the point for free. But I'm only doing that because I want to build my credit history, not to take a credit to credit loan. Should never use a credit card to invest because what happens in the first of all credit cards and a stupid you will not see any investments in America that will pay you more than a credit card. No that will pay you. So you can't take credit card money and investigators that make

more money. What people try to do is because credit cards don't charge you for the first thirty days, So people try to sneak and use the credit card, do business for thirty days and pay back without paying interest. But what if you feel, and you didn't have to pay interest, you've lost all your money because credit cards are the most expensive form of borrowing America, almost ten

percent percent. So it's not a good idea. So if you're a younger guy, you're in school, you don't have the means to pay off your credit card every month. Get the credit card, but don't keep a balance on it. Get it for the points, get it for the credit history. Don't try to use a credit card to invest. That's a simple and amazing thank you about so much perfect. Let's getting trust in camp. Trust up, trust in camp. You are alive, but you're not speaking ahead, thinks that.

Look mister Christ, mister Chris, how are you doing? So let's mister Chris go ahead.

how you fund it. Perhaps you start up a small farm, then get family and friends to invest in. You get one small shop you can you can sell them to produce and say, okay, hey this small shop. If you guys pay me in advance, I can supply you with tomato things like that. That's how you want to start small? You know, what do you want to grow? Okay? So if you're gonna grow cassava, who are you where are you going to sell the cassava too? Do you have

an off taker? It can be kind of now it can't have to be able to have write a business plan. I would say, if I have cassava, this is my off taker. Because your off taker is your revenue. Right, So if you don't have all these things, you've got to write it down on a business plan. Say if I'm going to found CASA, I will get to Sutons. I will sell to this person that out there is

your main source of revenue. If you come to me and say, hey, Calu, I have an off taker, but it pays me after ninety days, but not need cash. Hey now we have a promo, can solve together. But you have to show you know, walk to show your workings. I'm doing this. I need to expand, but you do you understand where I'm coming from. You can't this a business. I would say start small, lend the ropes, go and work for someone and learn what they do, how they

do and how they save money. Then come on, come on, do do it on your own plot. You do small, you will have a guy in the village in the town that has one hundred k is not using He gives you a hundred key invest in your farm. You give you back. You will tell his friend you'll give you on that home break, you invest in your farm, you give them back. That's how you do it. Family and friends. You can be talking about the business for now. Start small family and friends, grow your farm, get them

off the start like that, have you. It has to be a process. You get what I'm saying. It has got to be a process. Yeah. And so also another question to ask you, I've been learned about.

are single, you don't have dependence, you need insurance. But if you are single living in Nigeria. Your emergency fund is more important than even your investment account. There's no point by an investment that you're going to sell tomorrow to pay for diesel. So I would say focus on the on learning, build an emergency fund, growing your income. The most the most viable investments you can do right now side is you take your income and learn a

skill and increase your income and buying stock. You are in stock, buy stocking yourself, go and lends on that that doubles your income. Let a skill that will double your income. Then that way is easier for you to invest right.

If you want to retire, your objective then becomes you want to make passive income that can pay your expenses. When you invest in equities, you are taking your active income to do an investment that you hope would pay you passive income. Whether it's in a dispera or in Nigeria. Your objective is to convert active in come to passive income. Look at the list of the richards men in the world.

All of them make money from passive income. From Eland Musque to the guys are on Google to Bill Gates, they all make money from passive income, not from active income. Bill Gates does not go to any office to walk to get paid. Eland must not go to any office to work to get paid. They're making that money from equity holdings passive income, so that you should copy them. So that's your objective. Convert to your active income, whether

in Nigeria or America, to passive income. Then a passive income then pays you whenever your passive income can pay your expenses. That's when you have arrived. Right, let's get future roller, future native professor, how you future native roler highs words and can go ahead? Okay, so thank you for the opportunity to come up here. Quick question here, I want to ask, amongst the top us company's stocks, which I would you advise to buy.

know what? I like your question because because it allows you to then talk about what you're doing wrong. Sorry, I don't to you, what are you doing wrong? You are turning. You are buying an investment that you should hold and forget about for the next two three years. You are buying it to sell to trade. You are making more money for your stockbroker than for yourself. When you buy stocks, your media you're holding Peers should be indefinite or maybe two or five years. And Nvidia was

up and down, up and down, up and down. But I challenge you go back ten years and plot your graph. It's in Vidia up or down. It's up. If you sell today and buy test line it, you know invest It's like you know how legals ghost noise. You know how legals ghost noise. You are on one lane, the linit on your right hand side starts to move, so you leave your lane and go to that left hands. So as leave your lay, your list has to move. Then you want to rush back to your lane. All

that going back and forth, you're wasting fuel. But if you stay on Tendmi language, it's no how you won't get up the Tamil language. All the cast will just keep on moving forward. The point I make is that binancet binance is treading, is churning. You are paying brockage fees. I only make you're not getting the advantage of equities, the advantage of equities that you can buy, hold and compound. If you can't stay in the EXTRAUS market, then don't don't go in there. I don't go in there to

buy in VideA. You if you want to buy a company, only two things matter to you. Is this company going to be around for the next ten years? I would make a profit for me. Do you believe in Nvidia will go away in ten years? That's the question. If the answer is it will not go away, then why are you selling? Maybe with your money there? Why are you selling it? If you think Tesla will not go in ten years? Okay, get me money and buy Tesla.

But when you buy, when you buy sell, buy self, you are making a loss because you are paying commission fees from your principal. So it goes back to your first question, which company should you buy? Why not buy all of them? Why not buy the index? If you buy the index, you're going to buy Nvidia, test Man or them altogether at once because you don't have the money to trade. But if you want to buy the video dog, he has to go back to why are

you investing? If you're a trader, no problem. You can do this buying and selling, but you need capital to trade. Don the trader then just stay locked into the market, or buy the ETA that was finer. It's the long term truck. Can you get where I'm coming from? I think you're doing. I get you where you're coming from.

but I'm saying it's not a market where you're buying August. Answer. You just said a trader. So the question for you is this, do you know the price dings ratio for the Vidia? Do you know? Do you know what that number is? I'm just I've been reading, but I don't. Okay, So you need to have data to back up your your condition. If you want to sell, why you're selling when in video sales for in the next quarter. I'm not even saying okay, so I mean, I'm not saying

you should hold bios. I'm saying you want to have a reason, if on the entary reason to sell over by the best predictor of the stock price is future endings. So the question you want to ask is do you think in video's future and it's gonna go up or down, it's gonna go up, Why are you selling it's gonna go down? Okay, So you want to take long term if if you want to short term fixed income, let me get sorry about shirt rag shtrack's shirt rack shirt Drag. Okay, oh bd o bd please high.

more specified than just buying the individual stock. That's how we always go for index etears or mutual phones because it dies as a fire. The cheaper price for you. That's the first answer, right, But I can remember the altimate answer is why are you buying? If I work in company A and I see that company is just making so much money, or I see down in Legos and I see a particular let me say, let me look for something like this. I see maybe tomato juice

coming to Nigeria, and everybody is buying tomato juice. People are buying it left, right and center. I find out that the tomato juice is being made by the company in Ubi, also in Bousted from the tomato vegetos in Baudery. I find that the company making tomato juice. What would I do. I want to buy that stock because I know that that comes going to make a lot of money because people are buying that stock in labels. So if I have information, I can buy it because we

just talk directly. But if I want to invest the cheaper way in the way, of course, I'll go with the eat right, that's basically how I'll do it.

the best performer over a ten year period. So really it goes down to you this as two different markets. If you are buying the US market, you are exposing yourself to dollar returns. If you buy Nigeria Nira returns to the US economy nagen economy is your call. Where do you want to be exposed to? Do you want to be exposed to both? Fine, then you do an allocation that's to be eighty twenty or forty sixty, whatever

I want to do. There is no best in investment everybay, that's even over and over, there's no best in investment. It's you have to invest according to what suits or fit your profile. If you are thinking of moving to America, of course I want to get exposed to America. If you are in Nigerian and America, I think of coming back to Nigeria in say twenty years. Of course you want to invest Nagian equitis. This has to be based on your objectives. But in terms of the actual numbers,

what the numbers tell us today? The US market has beaten the Nigerian market and every other market over the last ten years. Thank you very much for that. Thank you. Let's get nerdy is nerdy z nerd on us call Zenal?

almost three or four years to write the book. Do you know there are apps that AI that you can take. You can tell the app the name of my book. And they had to write that same book, but just change the name from Carlo to Kenny. Is to do it in five minutes, the entire book. So imagine if you're a company, you do accounting. I know I know a lady in the US she does auditing for medical So when you when you go to the hospital, you

send they send it your bill. She would look at the bill and say, this is this is really not real? Things like that. She went to AI. She works for a company. She went to the AI and wrote an AI program. So when the company gives her the job, it only takes two three days. She takes two three days to do the badge and sent back. She feeds the job to the AI. The AI does that job in five minutes five minutes, so she has three days to do any other job she wants. She does it.

That's what her literally real life story. So imagine if that company finds that as an AI that can do the job they are giving to this girl to do what because I'm going to fire her. What happens that that comy gets more profitable because it would need that girl to do that job for them. So productivity is going to go up. Companies are going to make more money because of AI. Really, it's you know, it's it's you can't even there are banks now in Japan. I

hear that when you apply for a loan. You know, when you're applying for a loan and bank look at your credits, call your debt to income, maybe your US bill. These guys use almost six hundred metrics to see if you're a good lender. They use things like it's your phone always constantly. The big that your phone is constantly, you're a better investor because living your phone fully charged. Are more careful and they're better investors. But no human

being can attractice. So the AI in five seconds can scand on six hundred metrics about you and say yes or no to another application and tell the guys that don't that don't feel like you couldn't get loans to just drop them. So imagine a bank today that is hiring workers in loan department and risk management's going to replace all that from in how you drive your car, the AI can tell if you can pay your loans. It's not it's not science fiction, real life. So what

will happen to many industries? That many just are going to change and you're going to find the winners. You're gonna find a bank will start off today and become bigger than the banks you see today using AI. What's a bank? A bank takes deposits and lends out. But a bank needs to know how much deposit he needs before you can let that up?

The whole reason why he bought Twitter, what's train his you know what? He was an investor in in some outans church, gipating and what's nonprofit? Then he left.

try to draw your circles. Everybody knows Nvidia, but who supplies in the year bottled water for their staff, Who supplies in VideA the chips that they used to make the chips to make their chips? Who is in that value chain. If you can find the tail foot guys that are making the things that the guys make to make the things that the guys make to supply on VideA, that's your money guy right there, because they are so

far off that nobody knows them. You see when you see a finished company Microsoft, you see them an iPhone and iPhone has many suppliers. You can buy Apple or you can buy the supplier that makes it. The splace that are going to Apple, and that's the planets are going to. Apple is going to be cheap and who I know that guy. So for the investor, you've got to find those those guys in the that are in

this AI speed because they are cheaper. They are mostly small companies that are training out of the n y S or smaller cap company small caps. I want to invest in them. That's basically your that's your money. Roos right there in Vida is is done. What I mean is done. You're gonna make money from the media, but you're gonna buy at the top ten dollars a pop.

You see the point testla ist gone. You're gonna make money from testla but I'm gonna buy that's five hundred the pop. So you want to find the guys supplying the break path of TESTLA. That's why you want to invest them because nobody knows them, so you get them earlier and you ride that wave. But anything AI, anything, and it's a quantum computing you see. Right now America is restarting nuclear plants, small nuclear plant to power quantum computing.

So there's a week company New York being started and all that. So quantum computing now is anything that is that's that's the winner for you. Quantum computed nuclear power AI. Anything that's gonna power this new economy. You want to be there. That's essentially wow, thank you, you want that. So last day someone came up.

They don't build that tribunal flat. They give me the house, just the land. And this cacast is still wortered because if I had to go do that myself out to buy the land, get the paperwork, get the cement and build, that's fine. I'll still take it. So I would say, if you're young or you have the connections and you can get that and we need to hope, go and get it. You know what I don't do is still

good to moon. If they come here and if you know them, anyone that knows them and they want to bring them here to talk, please invite them to come. I will give them the exposure. We will talk about it. I will Buying the mortgage or buying a house Niger, it's one good investment because of course it's gonna be inflation for you. If you're going to live in that, You're not worried about inflation because it's your cash that you're paid in rent, right, so you know, worried about

the inflation are gonna bay after that can rise. So buying your primary residence in Nigeria is to me one of the best investment you can do with your cash right now right, So I would say, if you have the means, get it. If you get it, don't think about it. So what can go wrong? They give you a cas for five minute and I think the abuild it to your taste. So that's what I would say.

and that's what your ten ninety nine is. So every year, of course, your bank gives you a ten ninety nine, which means you're paying taxes on the money you have in the bank. But in your four oh one K, you do not pay tax on the growth of those assets. So once your bank. You work for a company is in my book. I've said it here. You want to do your four oh one ky it before you even invest, because you want to take an advantage of the one of the salary increase, number two of the match number

three of the tax benefits. So if your company does a fot ah one kid, it's your money. They can't do anything with the money. They can't touch it again. All you have to do is to make sure that you don't buy your company share so you die as a fire. You can do that if your company is giving you a full one key, find out on Monday SAP what the match is, what the bat that match is.

You must look at my world m USD. You must do it and match minimum match when you put in your full one k. America loves you to say where you want a four one kid to go. You can see they're fall one kid and buy the same bank things that you're buying. You can tell the four one ky to buy your CD, but you don't pay tax on the growth of the city. But it's in a full one kid, so you can do exactly what you are doing, but doing it a tax qualified account. You

don't pay taxes. Your largest experts in America, as you know, is your taxes. You can't avoid it, but you canna. You can't defer it with a full one K. So make sure some on money that you ask your hr preson what's the match, and then you sign up for your phone monkey and you do minimum that match. No arguments any good to me. That's number. So just go do it and also a part of your phone key also write this down. An IRA an individual retirement account.

There are two types. There's a traditional there's the wrath ALCOH. I don't know how much you earn. If you end too much money, America will not let you do in a roth IRA. But you also want to do an IRA. IRA simply means an individual for a one key sort of so you also put money there. It also grows taxi thread. You are not taxed till you take it out.

So you also want to do an IRA. Why if you earn ten thousand and you invest one thousand in your traditional IRA, according to the IRS, you only earn nine thousand, so you only pay taxes on nine thousand. So what you can do is this April fifteen, you have to pay taxes are bait when you do do

I know who does your taxes for you? When you do your taxes and the government says earning your's two thousand dollars, why pay the government two dollars when you can write yourself with check and pay to your traditional era or the same two thousand. It's in your name, it's been invested for you. They're not paying taxes. You have still paid that tax, but now you're put in your ira. So Earnie, you do your phone one kid

and you do an ira. Talk to your adviser and see who juge i ira, the ross ira or tradtional ira put your four one kid and what you're doing on Monday. Right, Yes, let's let's get to your second question. Just if you're in Nigeria or you have every Nigeria, just go to d Just show up them, find out who it is online. Just go there yourself. Take to forms of id to, will print out all your dibidats, will print out all your bonds. I give you very

very simplest. Also relist with them for what they called e diibidends. Why you haven't because they're now doing the dividends. So if you have a bank in Nigeria. Just do idibidence so going for just pay your dividends electronically from the which is trustrating your back so you can you can talk to your broker and and I just do it for you. Don't charge you, say he investigator, collect

my shares. Don't do it for you. They will charge you all that So is that you do with your broker or when you're an enjoy you go yourself and do it easy, easy stuff.

twenty five percent return on capital, I would sell. You can decide that I don't think the good strategy for you. I think equities make more money for you when you allow them to compound. You reinvested ditas because you are in long term investor. That's what I think. But if you want to sell, the mini criter for selling, you can say, okay, my return is x once it is X, I will get out. But the question becomes, you get out and do what you know, get out and buy what.

That's the question now for you, right if you, if you sell, and if you are sold in Vidia at one hundred dollars, and then buy what. Now you've lost the Vidio was a good stock, you saw one hundred dollars, You've made a lot of profit. Then buy what what you have brought to them because in Vidia. So that's you know, That's what I will say. You can say thirty five, you can say fifty. Whatever you put there. If that's your call as well as you that's your strategy.

It's not a bad strategy. But I will say overall or long term. If I'm an investor, why am I selling? If I buy a good company at a good practic, If I buy Messy when MESSI is twelve years old, why am I selling him? Why? I can eat the foot up a little by selling message to Chelsea, But why am I selling him? What doesn't make it? If I don't sell Messy, I won't die? So why am I selling him? Is a good guy? Why selling is the point I'm making?

That's the point I'm trying to get to. What you must do is to keep on investing. Why dollar investments are so perperlan a drive to day is because profully and n RROR is going to be devalued. So you hedge. You hege by by using those apps to maybe expose yourself to dollar investments. That's what you want to do. You can see, okay, before I was doing fifty fifty, do something. That's what you can do. But the idea is always be DIVERSI five far away from one currency,

one country, one commodity. Always stay dire as a five. So that answers your question. You don't have to stay in one place, you know, you move around and you rotate your portfolio to fit the economic theme.

oil company in America is the same. But I hear you overall for the index America coming to Nigeria that as the fire have a mixture, so that way you're not caught up in just one.

start a business, not to fund the business. Let me explain. So, if your startup needs to buy maybe an open or a new truck, you don't want to take a bank loan to do that. But let's say your company gets an order to supply x amount of goods to a company Y and company why will pay you next month? So you need cash to do that supply the body will pay you. Yes, you go to the bank that's working capital. You borrow money from the bank, You fund

the supply you supply to company. Why company? Why pays you? You pay back the bank? You don't want to use bank money apart from working capital. I would even say paying salaries no. Why because if you start to pay, if you take a bank, no, you are working for the bank and bank most Nigeria are very expensive, more than twenty five percent. You can't survive with that. So for a startup, I think I shared if you look at if you're not to search on Twitter shared how

to fund the business. I put various company growth stages and I put the types of funding you need. If you can search on my Twitter video see it there. If you're a startup, you're looking at family and friends, equity and like you said, sender your assets to fund. You're looking for any sort of funding that does not involve interest. That's basically how you want to put it. If it means partnership, If it means give me money to invest in my business and I share profit to you,

you know all that, it's perfectly fine. What you want to avoid is taking a pain interest that I want you to avoid. It's better you keep your company and cover it up till when interest rates go down it remains your company. Then you take a loan that the bank now owns your company, it's not worth it, right, So keep that in mind. It's family and friends, equity, maybe supplier finance, whatever finance you want to do, but not anything you're going to pay somebody interest, fixed interest

on not don't do that. Yeah, cooperative, all those things are good because they are lower interest rates. So you can take loan from cooperative and all that, but not commercial bank loans. Right, Okay, you know the second question, second question on crypto. Crypto is fine, you know, like I said, no investment is good or bad. The question is how much what you're objective? So what if your objective is want to build a portfolio, that's fine, you can do crypto, but I would not advise you to

do more than ten percent. And I would say that any money you put on crypto should be money you are prepared to lose, because the better of fertility investment. So if you know from the start that if I put money in crypto, I can lose it, how much can you lose? That's how much you should invest in crypto. If you think you are but you are, you can lose ten percent of your income and be okay with it. Sure, do ten percent. If you think only one percent shot

one percent. It's not good or bad. But because it's risky, you want to do risk mondment and silky how much do I think I can lose? And then you can get away from it the other ways you can do kiptop of me investment. Just stick in a bit. You can buy bitcoin and you can stake it. I'm not sure it still pays out a lot of money, but that's how I would look at these things for now, till the new and Men in America comes, then will have a clear sense of where crip is going to

go to and all that. But it's a risky portfolio. It's investment. I don't recommend any investment. I recommend investment acquorant to your objectives. That's the point I try to me. So if you if you flow that rational, you can go wrong with that.

At Stevens, all the stockbrokers, they all have license. So that's not talking about the apps, right, So they're all really really good. Yeah, perfect, Prince Jim.

We're going to have only about fixed income. Right if you say, oh, this is money that I need for my retirement and is in ten years, ah, we're talking about equities and all that kind of stuff. So because I don't know you what I mean, I don't know you. I haven't done a risk analysis, I haven't done an investment objective with you. On you, I can't tell you where to invest a million? What I continues with you.

Listen to this tape, last week's tape. Pull off the tap that says, one, how I can invest a million? That's a second most downloaded space level. How can I invest a million? I shall on the Twitter handle today. Sorry yesterday I said you go through yesterday. Today you find out Twitter handle to post them in If you listen to that space, you will hear a lot about how you should approach invest in. You invest according to

your objectives. If you need this money back in one year, you don't invest in certain investments even though they're going to pay you more. That's the answer for you. So you want to invest according to your objectives, not that according to the returns. So if it's paying you more returns but it does not meet your objectives, you can't invest in it. Does that make sense? Okay?

You don't talk to a human, but people, the market for a human advisor will never go away. And when you're talking about what's going to happen, is that the CFAs, the cfps are going to be the one that would now arise in importance, not the quote and quote every day analyst. So if you're just a banker, if they're just a normal investment advisor, you are going to lose your job in next play twenty five years because the AI and the computer will take about what you can do.

But if you have an skill or accessibility like like CFA, CFPCCP, I can you are adding value, not just intelligence on how to pick stocks, but that human touch, emotional intelligence that you can explain to someone why they should sell their stocks and buy those that stock even though their wife or their son like that stock. So that part of the market is not going to go away. And I would say that a CFA is an international license for you. If you get the CFA today, you can

walk anywhere. So I would get it if I mean, if you can get that, I will get it yesterday, right. I wouldn't worry about the CD machines coming through yet. I mean that's a worldwide mis in demand worldwide, so I would say don't worry about it for now. Anything that does not involves one plus one is it goes to two, is in trouble. But anything that involves described why two is one plus one is going to win? Does that makes sense for you? Okay?

them to a license. If you can get registered with them, possibly, she said, it's lower costs, but they do a lot of KYC on you. It's worth trying. I haven't tried them all, I said were registered in Canada, So if it's all, can try them out? Possibly, right, I'm not say anything wrong with that. How the best way to use this AAR and F you know, I am very jealous that in the year too before distance came out.

When I said to invest, it wasn't the more possible to use AI or your phone to buy Nigerian stocks. When I said to invest in Nigerian stocks, they were not online. It was all paper driven. When you buy a stock, you get the certer tickets. That's when I started to invest. But now a kid sitting in Kuira State can go on his phone, put Nyra on his phone and buy Tesla stock. It's amazing, and the kids

are complaining. You know, the kids are complaining. So I think it's the best way to use them is strateured to use them. I think there's a lot of issue about it costs a lot. Of course, it costs a lot because you're buying from Nira. If you have dollar, doesn't cost anything because you're buying from dollar, right question, buying from Nira, of course it's gonna cost you a lot. So yeah, I think I lost the space. Yeah, sorry, I think I lost I think I got kicked out

of my own space. I got I gotta put, I gotta mix some one of the joints. I just yeah, yeah, Julian, Julian, They're gonna be a so sorry because I got kicked out let's go back in here, all right, So essentially right, so use it. If you're a guy in Nigeria, is an option for you. So essentially what you now have is that you have the opportunity to invest across the world. Take advantage of that opportunity. You know, don't complain and say it's expensive. It's expensive because it's in NIRA. I

get it. But what's the option you invest only in Ira?

We don't have like have an America where you can go and so one can do a plan for you. They are people that can do that plan for you, whether like a banker or talk broker. I don't know how much you want to spend on them money Africa, Shaddy two of them. They do a pretty good job if you got me, if you go see them. I don't know what you want to do specifically, if you if it's what do you want to do this? If you want to get a plan, I want to invest with exactly with that guy, No, I will I want

to plan. Of course, I plan ocean.

So when it discounted, men, it's gonna be it's gonna be a lot. Because the way the way this match cautos work is that there's a discounting number and I don't think there's those things are designed for Nigeria. Nigeria numbers because when I do discounting here, we're doing five four percent. If you go tell them that you have a risk claim Nigeria is twenty nine percent. What that means that when they want to invest for your pension, they have to discount by twenty five percent. We miss

in in in four years. They've discounted your principle.

sold on between platforms that making lots of money. It's not impossible. That was you're saying. So if I think it's really taking the screenshot and held them into account, because that's what it means, I can buy on the one that didn't move and sell to the one that moved and make a lot of money. That's the problem. So yeah, that's that's that's very unportunity.

you've gone to your brokers. You've got to your dividends for the year. Get all that done this year, so next year you have queen books. You are starting off fresh and all that right. Jamilu hi hi Jermalo hamster and what's up? Jamilo calls you twice now, so let's go to Okay at del Wally, Okay at de Walley Investor finance. Too much knowledge int in nearly enough for me? Okay what I but let me ask you a few questions here on the timeline. Someone is asking about if

I use international those stocks to get to train in nationally. Well, I get this CSCs number, so let me explain that. We explained this last week. Sorry. When you want to buy stocks in Nigeria, you can buy stocks without the CSS, right, But the CSS is where you want to settle. You want to take your your your stocks to and settle CSCs. It's like your post office box. You buy stocks, then you can put it to your CSCs. If you use those training apps, they have their own CSOs that they

can use to buy and self for you. This is why they open up their own When you want to buy and sell, they can buy and sell from their box to the next person. So it's easier for you. Right, But if you do yours, you have to take it from your CSCs give it to them to buy and sell. So it's your call. You can use THEIRS or you can keep your I'm just seeing that President jimmykath has just passed at the age of one hundred rest in pi Okay. I believe, Yeah, I believe.

if you use theirs. Let's see most of it. Someone's asking, can you talk about the gold market? Yeah, if it can be a bit more, if you can clarify what you buy a gold market. I'm talking about buying gold itself as a security, as an actual goal bard or buying goals certificates. There are many ways I can invest in goal, but goal itself as an investment seen as a hedge, what means it would pay you any returns?

It's just a hedge against for the asset prices. And one goal has been good up in price or recent because the Chinese and the Russians that bind a lot of gold because of the sanctions against them. So I'm not sure if you'll stop buying. But also to be that investment where you want to buy or have a little bit off in your portfolio and that doesn't pay you anything, just like it's like a defense against inflation.

Keep that so keep that in mind. Cyber, you asked a great question outside I'm not sure if you can.

the next eight years to get the money back? Okay?

get into maybe like automatic saving automatic interesting. So in things like this, when the market goes down very high without emotion attached and still profit it.

the same ten nra? Does? That makes sense? So when Tesla skars the shares you lose one. It has see because when they you they when they touched their capitalization, that's when the share price came down. It's not like it lost because of the market movement. I just want to make that point to you, right, So let's combacky, right, So I have a long time horizon, my risk capitite allow me to take hits on my principle because my principal will recover and I don't need liquidity, I would

go into the equities market, right. I will try to get the cheapest way I canify in the equity markets, say the US and Nigeria. The only way I can do this is to buy either a mutual phone or ETF on index fund. So I'm buying a neutral fund or an ETF that invests in the index. Right, the index is already there. I just want to buy that indexes that I do it through the neutral fund or

try an ETF. I can use an ETIF front and an exchange the fund, so I can buy, for instance, in America, Like I said, if I do the VT I right, that buys four thousand and five and or so shares in the US market, I'm exposed to forty five hundred shares in the US market of biblos. But just buy the vt I ETF. Why am I just in VTR. It's from Vanguard. They are very big, so their cost purchases very very low. I mean I can't actually give you the cost I put on vt I

a few minutes ago. If I look at vt I, let me see if I can just just I can google VTR if you do the same thing. If you put vt I on Google, it would show you the VTI stalking index. So I'm looking for the cost per share right on all around the buy with DIVIDNTU give me, I'll get it for I don't to keep it here. So if I buy vt I, right, I'm able to get us explosion. What about Nigeria. For Nigeria we also have.

I want to get exposure. I don't want to raisk by naira. How would I invest in naira apportion? This is not a bit different. Nigeria has got ETFs, but I might not buy the ETF directly Nigeria. I might buy the mutual fund. So they have the mutual fonts in Nigera that buy equities, so there's ibt C. I reinvested marriage term. I want to buy one of those stock broken them that have those equity unit trust Nigaillcondomy

Unit Trust America will Codomy Mutral Fonds. I want to get exposure to those guys, So I buy the Naja Mutral Phone America. I buy the ETF that both invest in equities. I want to buy them they were in America. I want to reinvest my dividens one hundred percent, so I tend to do what's called a drip drip dividend reinvestment plans. So everything then I make just put it back into the investment and buy me more shares, Simil nice. You are from the jam, don't have a drip, so

you have to do it manually. When they give you your shares, you take it back to them and you just buy more shares. If I have a sort of investment, right, it's a very very high risk investment. I can lose all my money because it's one hundred percent in equities. But it's exposing me to the largest most liquid market in the world, the US market. So I have a nice and have a US I will do seventy thirty. That's how I think. I will state it's even eighty twenty.

I will invest my dividends and I'll forget about it for the next ten years and I'll see what happens.

you are making more money than me. I I am already older, so I man, if I buy the same stock you're gonna buy, you have more compounding pupuios than I do. Markets are gonna go up. They're gonna calm down, but over the long term they're going to go up. If you put the US market from eighteen hundred to today, you see going up, down, updown, updown, but the trend is up. So you want to be in that market. As a younger person, you want to buy any better.

They don't just leave it there, right, And I'm gonna share the VTI stock chat like the how it's gone off in price, just so you can take a look at it. Right performances and fees. Let me look at this. If you bought VTI right, this same VTI. Yeah, I'm from inception nine percent. It just talks like April two thousand and one, you would have nine percent, But nine percent is in US dollars, so you're beating inflation. Ten years is twelve percent, five years is fifteen percent. This

year alone is twenty seven percent. And that's you. You're putting your thirty one dollars, they're gonna get twenty seven percent. US ambition is two three percent, so we can get a real wit of return. So that's how you want to do it. You want to do a lot of equities when you are younger, So you get older, you want to then transit towards more fee income. But you have tons of years ahead of you. I want to do this forget about it?

and you keep on buying. If it goes up, that's fine. If it goes down, that's fine. But if you want to wait and say I'm gonna wait for the stock to go up to go If you google, there's you see lots of askles on Twitter down and I will tell you if you missed the the best five days in the market, your total will crash. If you google it, use a lot of articles telling you if you were invested for every single day in the market, but you missed maybe the top five personays in the market, you

lose a lot of money. Why do they give you them? Because you won't to be invested. You don't do that. I want to buy, so you buy today, You ignore the price. You're younger, you keep on buying. If this is your objective, you keep on buying, You keep on investing. You keep only balancing. Right now, you're you're one hundred percent. Equities are not You're rebalancing. But that's what I would believe I was. It's not advice. I'm not telling you what how I would approach it.

didn't plan for. You also put it in there as additional for logic contributions in But as long as you keep on doing when you get a pay check, you do an auto transfer, you don't see the money turn up. Your paycheck goes automatically to your investment account. They're from your investment account. You don't take that money, and you do your seventy eighty do as long as you end the money. As your income goes up, you can increase the percentage or you can buy it. That's why your

percentages are good. If you go to it again, go to my work, go to do Carlo at the dot org. You see a financial carlet there right, so you can plug in all your expenses at the very bottom. When you do the expenses, will tell you give us a percentage for investment. You can put ten percent day it took up. Put everything for you. If you put your

income income passible, do all that for you. Put your percentage you want there to cap how much you want to save every month, every paranlem if you have a problem with the enemy.

If it's a growing, if it's a growing market share, or it's a still market share, and the products also have the still market share, then you're say, okay, that is in this tight market, this company has the means to hold its own to sell its products and to make an aliens gross. You are looking at future endings, not then