I have a N500,000 loan available to me till march 2008 what do I do to make profit b4 then?
@ mastro all I needed from ds forum was pointers I was smart enough to deposit d money with my broker who was smarter still to buy d unic while I was procastinating.in fact with unic @ 4.11.when it reaches 5 I will go back d guy.too many nigerians are pessimistic.the point of this post is not just for me to get advice its for the whole house .instead of keeping your money make safe investments.we get a lot of credible & sound advice here even with d caveats
if you can acquire a piece of land on lease for 3yrs or have one already you can invest in goat breeding, or chicken poultry in small scale, if conditons re right you can pay back your loan within one year and six month. These aformentioned businesses are lucrative, but you must be a persistence, business strong willed person.
1 all the pepper soup/nkwobi joint operators use goat meat 95%
2 Scores of large fast food operators and road side ones consumes eggs/its meat in large qty.
lastly do not tale short time loan or expected quick yields in any business whatsoever
omo, i give u deep kudos for being large-hearted and matured enuf to ask 4 help.what is it with people, a bro asks 4 advice and we all queue up to dump on him.it takes a man to ask 4 help and aspire to do great things.capital is hardly ever easy to raise so if ever u find yourself in a situation to access some on such friendly terms as you have obviously done, dont look a gift-horse in the mouth by coming off like some dumb-kid.grab it and start dreaming , and never be too shy to ask for guidiance.
i admire your spirit.it may not always give u d desires results, but if u keep at it, u'll soar more often than u ll fall and that my friend is the key to being a successful entrepreneur.keep on dreaming, God Speed.
I think you can invest some into shares, i bought International Brewery in the last IPO at 87k, now its slighly above N2. Imagine if this money is invested into profitable company you kud reap even in a short time. If i had invest say 350000 for say 400000 units at that time for instance, my investment will then be worth about N800,000 naira with current market price at this time, and might even double with time.
You could also decide to place some into a fixed deposit acct,(interest yielding).
Ephizy thx bro,and anyone else with any constructive contributions.As 4 d rest of u prophets of doom while u were making noise I bought unic insurance at 2.66 its now at 3.49 I need not say more but I'm smiling.
D loan is interest free with No time limit I limited myself.My uncle handed me d money & told me to go make something of d money.
Am so disappointed that we still have people like u around. How could you take a loan without an adequate plan? i guessed your creditor is a family member else,
you spoke of investing in stocks and expect to pay back in march 08? you may incurr loss as the market may just be bouncing back at that time. you may also not receive substatial return to mitigate your cost of transaction. as you were advised earlier, i suggest you return the money intact to your creditor pending the time you will have an adequate time for the money. so you protect your goodwill.
something must have came to your mind b/4 you moved to ask for a loan,
tell us what you have in mind first then we can suggest base on that, if you've no clues return it as
Thethy mentioned above b/4 it turns to a debt.
holding money at hand without investing it is like holding ice cube without using it.