Good morning. I wanted to briefly touch on Nigeria's inability to take advantage of this $100 oil. Although we have a budget benchmark of $62 dollars, we're unable to raise production over 1.3mbd. At a time when we should be ramping up output and growing our excess crude account Let's start from understanding that oil prices behave in cycles, governed by investments and output. Different oil fields require various types of investment of money and time. Some fields can go from discovery to production in a short time, some require longer lead times...

Wow....this thread has taken so long to finish. I apologize. Let's talk about mortgage - buying your own home in Canada. I'm going to post a video about this also so look for that at the end. There are 3 parts to this.

1) A guide to assess how ready you are for this decision
2) A guide on deciding on the right house for you and stuff you must bring up as you talk to your bankers, builder, mortgage broker etc
3) Adding value to & making money from your home

You can always safely bet that the naira will lose against the USD in the long run, it's not even negotiable. It's pure economics and based on our weak economic fundamentals. Until we fix the fundamental issues with productivity, we can't fix our balance of trade deficit You temporarily bridge the gap with remittances, borrowings and foreign portfolio inflows, if you don't build an economy that attracts FDI and maintains a positive growth rate over time, you'll struggle to achieve any stability in your currency, let alone appreciation

Awesome question

You could choose
1) An immediate choice of $20m because of the time value of money; life is not guaranteed.

but a smarter person would choose:
2) Take the $25k weekly and buy a 20-year Whole Life Insurance Policy for $20m, premium is ~ $15k a year

but...

https://twitter.com/Ssaasquatch/status/1440402934525693957

there's still a smarter option:

3) Take the $20m, buy $15m worth of annuities that pay $25k weekly or the annual amount. Spend $15k (annual premium) to buy $20m whole life insurance for 20 years and reinvest the dividends from the CSV and annuity to cover premiums going forward

Dear young professional, take good care to develop good thinking patterns. Arthur Fletcher said in 1972 'A mind is a terrible thing to waste'. Your mind is a strong tool in achieving your goals in life and if you allow dangerous thinking patterns, you'll be sabotaging yourself Social media feeds young people many of these dangerous thinking patterns and many swallow them hook line and sinker. Sometimes it's just hanging out with the wrong people and you start to imbibe their dangerous thinking patterns. Be careful.

Random thoughts about crypto investing and investing in general.

Do your own research (DYOR) often sounds like something people say to protect themselves if their projections/forecast about a coin are wrong but it's actually good advice.

These are some sites to go: If you're looking to read fundamental and technical analysis by other investors and sometimes experts about an asset, stock or cryptocurrency, head on to tradingview.com. Read articles on Reddit too (with a pinch of salt) cos there could be a bias but you still gain a bit

Are their other discussions around education, technology, finance, and social development happening in the North of Nigeria? Is there any reason why the hot topics we see are mostly about COWS, GRAZING and INSECURITY? I spent a big part of my childhood in Minna, Niger State. From Bosso to Chanchaga, you could see the potential for development that just lies untapped and trapped in a patronage/feudalist structure that still remains till today. We were building robots as a kid in Minna for...

I really worry for how people are throwing caution to the wind on crypto investments. On a risk scale of 1 to 10, with 1 as risk free close your eyes & sleep investments and 10 as high-risk., can't sleep investments, crypto is an 11. When you add leverage, the risk is multiplied The saying is that, "the higher the risk, the higher the potential of return". Crypto has a high return potential and a high risk of losing your entire investment. So you're never meant to put more than you're willing to lose in it if you must invest. It should never exceed...

Dear young one, relationships are work. While a lot of focus is often placed on personality, compatibility and finance, not enough is said about how much these things change over time as we go through life's phases. Just as we have the 4 seasons for weather, life has its own too. I read a saying once that a man marries a woman because he thinks she'll remain the same while a woman marries a man because she thinks she can change him. And we often find that when we do get married, nothing could be farther from the truth. The man won't change his ways...

Ugo relocates from the US back to Nigeria, after his mum passes away in Lagos. He left the US as a former green beret with 2 tours on his belt. Most of his relatives only know he was working in America but not much about what he did because he was JSOC and kept it quiet. He opens a gym in Lagos and starts to offer fitness training classes that attract the elite of society. His successes win him the admiration of many ladies, including the mistress of a notorious politician who in jealous anger, arranges some thugs to go deal with him one night.

Starting over in Canada for 35+ senior professionals

100 likes and I'll do a thread Ok so let's start with a bit of background...

When you've studied 'Chaos Theory' long enough, you'll know that nothing is truly and purely random or coincidental. Even in the midst of the most chaotic and unconnected events, there's often a deeper-lying observable pattern, trend or linkage. It's not immediately obvious. To every end, there's a means. Men have overtime chosen the path of chaos to achieving their ends because chaos is unsettling, forces even the most noble of men to seek comfort in the bliss of wilful ignorance or faux intellectualism but contrary to opinion, history shows...

The problem is not the printing of money. Its how you release that money into the economy. Let's break this down using the economy function

Y = C + I + G + (X-M)

Y = GDP
C = Private Consumption
I = Investments
G = Government consumption
X-M = Net Exports (exports - imports) The best way to understand this is to use numbers so let's imagine Y = 100 and broken down as follows:

Y(100) = C (80) + I (10) + G (13) + X-M (-3)

This basically shows how we arrive at Y. If you want to grow Y, you can find a way to increase C or I or G or make X-M +ve

Travel Thread - Best Hotels you've stayed in these African countries

Let's go. Let's start with Ghana. Quote with your top hotel and why you think it is.