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Subomi @subomiplumptre
, 5 tweets, 2 min read Read on Twitter
If I were to distill my prime directive for #investing; my overriding philosophy, it would be this - Never leave money lying fallow. #Thread #InvestInYou #Investment
I believe without a shadow of a doubt, that you should get to a point where you live off your returns, not capital. A point where you've invested so much, that the returns become a steady stream that takes care of your needs.
A point where you only dip into capital for major things like buying a house and then, only rarely.
I also believe you can never mis-spend money that isn't lying around in your bank account. So if you allocate money quickly, there'll be nothing to mis-spend.
Another philosophy I live by is, "Risk is commensurate to reward." The biggest pay-offs come to those who venture. Those who step out of their comfort zone to take risks and do the hard work of due diligence, negotiations and follow up.
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More from @subomiplumptre see all

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NIGERIA IS CHANGING...REALLY??! 🙄 | One of the reasons why I visit developed countries is that I'm fascinated by good. I am captivated by people who value beauty, knowledge and order for their own intrinsic worth. #Thread
Like Aristotle once argued, knowledge can be an end in itself and can provide joy in itself. Developed nations get that. Libraries are not wasted spaces. They exist to both delight and train minds. Museums, galleries and parks are not optional. People fight to preserve them.
When things break down in those countries, the default response is to repair them. Things work because they should work, not because there is always a financial reward. The people have embraced a value system that makes it so.
Read 20 tweets
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FAMILY, MINDSETS & GUILT TRIPS | If you're succeeding in life and trying to create a better life for your parents, siblings or extended family, you should read this. #Thread #NewYearResolutions #NewYear
One of the hardest things you'll come up against is mindset. It is what will cause you the most sorrow. Let me explain using a Nigerian example.
You believe one should have electricity for 24 hours a day. You have the financial means, so you can now attain this using a combination of PHCN, Generator, Inverter and Solar Panels.
Read 14 tweets
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If you are young, please don't buy into Nigeria's gerontocratic culture or the entitlement ethos. Stop waiting for handouts and for people to help you. Chart your career & life and just start EXECUTING. Create opportunities and be aggressive. If not, life will simply pass you by.
"Waiting for things to happen", is why some people wake up one day and their mates are so far ahead of them. Also people don't realise that not taking a decision is already a decision. They think things will just "happen", if they wait long enough. Stuff will align, miraculously.
Also note that everytime you "passively" do something corrupt, you are taking a decision. Your soul is changing; your values goal post is shifting.
Read 6 tweets

Related threads

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#Thread of responses from women in aerodynamics to the question, 'what would you like to see in order for women's career progression in your field to be sustained and better supported?'

Responses incl. career flexibility, mentoring and more women in leadership roles #WomeninSTEM
1. "I think young female engineers need to see more female role models and mentors in my field. Having a visible example of someone that looks like you and is succeeding in their field is important. Having an opportunity to meet with a mentor like that can be very powerful."
2. "I would like to see that any career promotion is based on own merits and value added to the company or the society independently of the gender. I want that women are measured with the same rules as men and are given equal opportunities."
Read 68 tweets
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A Night in Helltown Story #Thread
I was a freelance photographer, freelance portrait artist, freelance writer, and a professional gamer. Well, I was actually rolling in money, but still lived a private and secluded life, loved by many, friend to none, and it just had to be that way if I still wanted to cohabit
peacefully with others.
I was born with a curse, one that some call a ‘unique gift’. Where the normal human sense would pick up the strange smell of burning rubber and sulphur in unusual places, I could see the demon itself, yeah! I could see and hear angels, demons, and ghosts
Read 50 tweets
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#INVESTING

I Had Always Been Mostly #Trader With Dash Of #Investing Thrown In Between When Started Out In World Of Stocks. Last 5 Years Have Been Revelation on Investing Front. I Have Formed My Own Investing Philosophy & it Has Been Hugely Rewarding In Terms Of Strategy ..(1/n)
And The Potential it Holds Out For Future! The Basic Premise For My PhiloSophy is CAGR (Compounded Annual Growth Rate). RJ is RJ Because of Phenomenal 40%+ CAGR Since 80's. So Basically, Achieving High CAGR Over Long Period Of Time is All That Is To Wealth Creation (2/n)
Now For CAGR, Name Of Stocks Don't Matter To Me, Neither What Business They Are In. Obviously, if Fundamentals of Business Are Good, More Investors & Traders Are Going To Back The Price UpTrend, So Fundamentals Are Critical, But Thats Not All There is To Investing (3/n)
Read 13 tweets
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Currency risk arises from change of price in one currency against another. The risk that may create unpredictable profits and losses.

E.g
If you have
$1000 converted to =N= at N360/$ to invest in mutual fund

N360,000 earns 12.5% in 1 year = N45,000
360,000+45,000 =N405,000
After 1 year, you want to convert your investment back to dollars

Alas, the Naira has depreciated to N450/$
The investment conversion
N405,000/N450 = $900

You have fallen a victim to currency risk & the value of your investment has been eroded.

From $1000 you had to $900
The question to ask is
What is the probability of the currency being devalued?

Then you hedge your expected return on investment to anticipated depreciation
(Meaning the return you are expecting from the investment should exceed the anticipated drop in currency value)
Read 7 tweets
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So let's get this done.

Get your pop corn and a cup of coffee, let's have a quick look at the looming financial crisis in the State of Osun and why the decision of today is important to shaping their future.

#Thread
Yesterday, I saw a tweet by @BudgITng ranking Osun State 35th State in Nigeria based on the Fiscal sustainability index.

Unlike the saying that the person on the floor does not need to fear downfall, Osun State was 36th in 2017 and needs to be worried.
Fiscal sustainability is the ability of a government to sustain its current spending, tax and other policies in the long run without threatening government solvency or defaulting on some of its liabilities or promised expenditures. You can say it's a measure of going concern
Read 13 tweets
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We already know that Brett Kavanaugh has lied to the Senate while under oath. He should be impeached not confirmed to the Supreme Court. What else could he be lying about?
#Thread #Kavanaugh
In 2004 and 2006, Kavanaugh swore to the Senate that he never received any emails referencing or containing materials drafted by Democratic staff which had been stolen by a GOP Senate staffer, Manuel Miranda, between 2001-2003.
Newly public emails prove Kavanaugh lied to the Senate under oath in 2004 and 2006. The emails from his work in the Bush White House were released during the Senate’s review of Kavanaugh’s nomination to the U.S. Supreme Court. The following emails are just two examples of many.
Read 6 tweets

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