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The most heart breaking story I heard this week. Someone shared how he bought a house in Lekki for roughly 60M in 2014.

The house is realistically worth maybe 30M naira today.

So he bought it for $390,000 in 2014. And it's worth about $70,000 today.

VALUE INCINERATION.
I wish @Risevest was already in existence then. $390,000 after 6 years would have been far more today. My first post asking Nigerians to invest in USD was written in September 2014. It's still up. You can check. Image
To me this is not about making money. There's a whole lot of things I could do to make money. But it's so that I can stop hearing stories like this. Invest in a diverse portfolio of US rental properties, high quality stocks and fixed income. In USD. For your own financial future.
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InvestGod
@eldivyn
@DavidHundeyin said it here and you all came for his neck like bow tie. Our problem here is that we don't do enough thinking. We do a lot of copy and paste and assume we're doing something.
First off, we have a slower rate of spread. Younger population. Larger informal economies. Tighter living arrangements. Epileptic power supply.

Focus on expanding hospital capacity, MASSIVE local manufacture of masks (even cloth masks help), NAFDAC and CDC should be...
massive testing hydroxychloroquine and azithromicyn and some promising anti retrovirals, work with medical facilities and factories to copy MIT's emergency ventilator designs and train for them and massive informational campaign to wash, cover noses and report symptoms.,
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InvestGod
@eldivyn
I always tell people, think of stocks as owning part of a business, rather than just as tickers to trade up and down. 25 likes on this post and I'll tweet 10 things I evaluate about a business before I buy stocks in it.
Okay, so we have hit 25 likes. Most people do this at the end but I'll do this at the beginning: welcome to my TED talk. This is a thread to tell you that investing in stocks should not be about gambling and shouldn't be focused on the short term.
Think of every stock you buy as purchasing a business and becoming part owner. You don't buy a business today to sell it in 2 months after you've made 20% profit so why invest in stocks that way?
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