I used to work.. Where I used to work they paid for accommodation and feeding for like 6years. Within the 6years I have saved like 8 million naira. The work crashed.. I have set up a business which does not require more than 2million to start and maintain .. I'm comfortable with it.. For like 1year now I have had like 6million+ in my second account I have not touched. I don't know what to invest in and I'm afraid of loosing the money on wrong investment..
I'm now regretting not buying usdt when it was 700 naira.. I have lost a lot to crypto in the past so I have decided to have nothing to do with it again in my life. The decision still remains and that's the final ...

So now I know it's stupid to keep such amount of money in the bank without investment especially in this our unstable economy. I have thought everything possible and safe to invest in..

I'm 28years old and I live alone.. Na my whole saving be this and I don't want to loose it 😪😪. I wish I can build house with it 😫. I don't want to marry abeg.
Please drop advice for me and don't tell me to dm you. Thank you

Why not invest in foreign stocks like tesla, Apple etc.

You can invest in properly verified landed property in your area...Landed property does not depreciate.

First of all, how much interests are you getting per month?

Leaving money in the bank in the Nigeria of today reminds of smart kids who steal meat.

They take a piece and cut it into 2. They return one and eat the other. An unwary mother will see the same number of meat in the pot. But in reality, the meats have reduced.

That's what the Nigerian economy is doing to money in the bank now.

Plus, what kind of business do you do that couldn't use an injection of additional capital?

Bros go into farming abeg

Elections:
I used to work.. Where I used to work they paid for accommodation and feeding for like 6years. Within the 6years I have saved like 8 million naira. The work crashed.. I have set up a business which does not require more than 2million to start and maintain .. I'm comfortable with it.. For like 1year now I have had like 6million+ in my second account I have not touched. I don't know what to invest in and I'm afraid of loosing the money on wrong investment..
I'm now regretting not buying usdt when it was 700 naira.. I have lost a lot to crypto in the past so I have decided to have nothing to do with it again in my life. The decision still remains and that's the final ...

So now I know it's stupid to keep such amount of money in the bank without investment especially in this our unstable economy. I have thought everything possible and safe to invest in..

I'm 28years old and I live alone.. Na my whole saving be this and I don't want to loose it 😪😪. I wish I can build house with it 😫. I don't want to marry abeg.
Please drop advice for me and don't tell me to dm you. Thank you

It's time to start your own. Tech company

It's great that you've managed to save a substantial amount of money, and it's understandable that you want to make wise decisions with it. Considering your concerns about investments and previous experiences with crypto, here are a few suggestions:

Diversify Investments:
Consider a diversified investment portfolio. Look into options like mutual funds, stocks, or bonds. Diversification can help spread risk.

Real Estate:
Since you mentioned a desire to build a house, real estate could be an option. Research property markets and explore opportunities that align with your financial goals.

Fixed-Term Investments:
Explore fixed-term investments with guaranteed returns. This can provide a more stable option compared to some riskier ventures.

Financial Advisor:
Consult with a financial advisor. They can provide personalized advice based on your financial situation, goals, and risk tolerance.

Education or Skill Enhancement:
Invest in yourself. Consider furthering your education or acquiring new skills that could enhance your career prospects and income potential.

Emergency Fund:
Ensure you have an emergency fund set aside. Having a safety net can provide peace of mind in case of unexpected expenses.

Consult Friends or Family:
Discuss your thoughts with trusted friends or family members. They may offer valuable insights or share their experiences.

Remember, it's essential to carefully assess any investment opportunity and ensure it aligns with your financial goals and risk tolerance. Seeking professional advice can provide valuable guidance tailored to your specific situation.

Anne85chowdhury:
It's great that you've managed to save a substantial amount of money, and it's understandable that you want to make wise decisions with it. Considering your concerns about investments and previous experiences with crypto, here are a few suggestions:

Diversify Investments:
Consider a diversified investment portfolio. Look into options like mutual funds, stocks, or bonds. Diversification can help spread risk.

Real Estate:
Since you mentioned a desire to build a house, real estate could be an option. Research property markets and explore opportunities that align with your financial goals.

Fixed-Term Investments:
Explore fixed-term investments with guaranteed returns. This can provide a more stable option compared to some riskier ventures.

Financial Advisor:
Consult with a financial advisor. They can provide personalized advice based on your financial situation, goals, and risk tolerance.

Education or Skill Enhancement:
Invest in yourself. Consider furthering your education or acquiring new skills that could enhance your career prospects and income potential.

Emergency Fund:
Ensure you have an emergency fund set aside. Having a safety net can provide peace of mind in case of unexpected expenses.

Consult Friends or Family:
Discuss your thoughts with trusted friends or family members. They may offer valuable insights or share their experiences.

Remember, it's essential to carefully assess any investment opportunity and ensure it aligns with your financial goals and risk tolerance. Seeking professional advice can provide valuable guidance tailored to your specific situation.

You be AI?😁

I wont discourage you from doing something else. But I will advice you to look before you leap.

Business one does not have deep knowledge about, especially in Nigeria is not encourageable. Not even without strong perception of the Nigerian market.

Investment is also very risky without the knowledge of the form of investment. And that leaves us with the last option. A form of investment as well but demands little on your part, even without knowledge. And that is REAL ESTATE.

No economy, good or bad can do without it. You dont need rocket science.
You dont depend on market trend or bull run.
You are sure of substantial return every year. You can use it to generate income for yourself.
You can use it to raise capital to launch or run your business.
It is a source of passive income.
You can buy it instalmentally(especially with a registered, licensed company with good reputation)
You can be permanently free from office bossiness.
Your money is SAFE(provided you bought from a registered,licensed company, with integrity and good reputation)

You have two options with this form of investment, I will recommend:

1.Buy a property, full plot or half. And let it appreciate in value over time while you work. You get at least 30% per anum.

2. Let me use it to get(market for) more clients(buyers). On each sale, you get 7.5% for complete 5years.

For a fair discussion my Whatsap contact is in my signature.

Good luck!

Libertyquezt:
I wont discourage you to do something else. But I will advice you to look before you leap.


Good luck!

Even to find legit land to buy these days hard.. What's happening these day weak me. You'll buy land if you don't start building project on it immediately, they'll sell it to another person. I have heard many stories that scares me