Case Fatality rate #COVIDー19 as at 21st April 2020. World 6.9%: Italy 13.4%, UK 13.4%, USA 5.4%, Germany 3.4%, NIGERIA 3.2%, Tunisia 4.2%, Ghana 0.9%, Cameroon 3.7%.
this shows that NIGERIA is not doing badly compared to other countries like Tunisia and Cameroon in the fight to stop the spread of COVID-19. We should support @NCDCgov by compiling to safety procedures. Hopefully NIGERIA will test more than 50,000 in the coming weeks and
surpass Ghana who are lifting lockdown procedures already. Let us learn from Ghana how they reached 50,000 tested for the virus. #SocialDistancingNow

God help us.

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More from @ONaija_investor

Sep 26, 2020
The average #dividend yield of a typical dividend #Portfolio is 4% (non US citizens are taxed 30% on Dividends) this means as Nigerians we need to have a 6% yielding portfolio for a 4% yield (6%*70%=4%).

This is achievable by investing in a Portfolio of #diversified stocks
How much #investments to get paid monthly dividends
Parameters:
#Dividend #yield 6%(4% after tax)
Dividend #tax rate 30% (non US)
#Dividendgrowth rate 6%
#Share #price growth 8%
Duration #10yrs
1. #100k/mnth - #10million
2. #500k/mnth- #60million
3. #1million/mnth #116million
How many years invested to reach goal
with Monthly payments + #reinvested #Dividends

1.#100k/mnth - invest #50k/mnth for 10yrs
2. #500k/mnth - invest #250k/mnth for 10yrs
3. #1million/mnth invest #500k/month for 10yrs.
#onaijainvestor #dividendincome #naija #passiveincome
Read 5 tweets
Sep 24, 2020
Passive income is income that requires little to no effort to earn and maintain. It is called progressive passive income when the earner expends little effort to grow the income.

Sources if passive income you includes...
Bank deposit

It is one of the most popular and simplest ways to gain passive income. A person gives a certain amount of money to a bank and takes interest every month
Securities

The profit, created by security, is in general inversely proportional to the risk it holds
Examples includes: stocks, bonds, preferred stocks, money market, hedge fund.
Read 6 tweets
Sep 23, 2020
Suppose that you want to get paid #100,000/month in passive income in 10years.
Assume an annual rate of return of 8%, annual dividend increase of 6%. Annual dividend yield of 6% (4% after tax)

You will reach your goal by investing.

#46k ($100) at the beginning of each month
At the end of 10 yrs, your yield on cost would be 20.80%, annual dividend income (#1million), total return 93%, average annual return 9.36%.

If you decide to cease investments for the rest of your life after 10yrs , the dividend will keep increasing.

rb.gy/vjhjlz
Therefore at the end of year 20 your passive income will be #340,459/mnth

Another interesting fact is that your investments keep growing and you will only be living off your dividends.😎

rb.gy/vjhjlz
Read 4 tweets
Sep 16, 2020
When men prefer their wives to cook home made meals, you go dey hear Babe why can't you cook, cooking is not designated to one gender. When it comes to paying bills Women don want to share responsibilities.
Sharing responsibilities, paying bills in the home is not designated to only one gender, make we make everything 50-50 so that all will be well at home. Women should stop playing victim when it comes to responsibilities at home.
This is the reason men have low life expectancy compared to women, because we carry too many responsibilities and the society expects we men to always provide no matter the situation. In the same vein, men are always shamed when they come short of providing.
Read 4 tweets
Sep 6, 2020
How to be financially free in 10 to 15years in Nigeria

FOR SALARY EARNERS

1.Develop a monthly budget of expenses,savings and investments
2.Keep loose change in bank accounts;
3.Develop an emergency fund with 3 to 6 months worth of expenses and put it in @PiggyBankNG wallet to get that monthly interest then compound it every month.
4. Invest at least 25times annual income by investing in stocks for at least 10 to 15years.
Open 3 different portfolios with different strategies & develop a monthly investment plan. @trove @chaka @investbamboo to reach your FI goal.
5. Always stick to your plan.
Read 7 tweets
Aug 1, 2020
With #50million, I can teach you how to get paid atleast #102k monthly without doing any work till eternity (and the income grows too)

#dividendinvesting
#naija
Using US stocks

Investing in 20 to 40 dividend paying stocks; inclusive of #dividendaristocrats & #dividendChampions building the Portfolio to yield atleast 3.5% annual income.
#50million x 3.5%( annual yield)=#1.75million, adjusting for ((30% US tax)= #1.22million dividends paid annually.
Monthly average payments (#1.22million/12months) = #102k per month. QED!!!

@investbamboo @trovefinance @ChakaStocks

#dividendinvesting #passiveincome
Read 4 tweets

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