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What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? - Business - Nairaland

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What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by MrEverest(m): 3:26pm On Nov 09, 2023
What can one invest in to hedge his funds against expected crash of the naira in the near future? Naira is currently swinging like a yo-yo, despite the billions of dollars that was borrowed by Tinubu to prop it. Also, it's only a matter of time before the propaganda wears out and the depreciation will commence.

Any economist or one with common sense already knows that value of currency is determined by balance of payments transactions in global trading. Our exports against imports is what will determine the true value of naira. Unfortunately, the potential for us to attract FDI or retain existing production capacity is low.

So, what can one invest in, that can be quickly reconverted to cash once need arises?
Re: What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by 1TrippleCee: 3:34pm On Nov 09, 2023
Plenty


Stocks

Loan apps like Branch

Foreign stocks

Cooperative financing

Running a business

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Re: What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by gr8david(m): 4:21pm On Nov 09, 2023
Agro biz, DM let me know how much we are looking at here, I have many intergrated business ideas, 2acres of land to do the business on, but capital is needed,
Many loan givers are asking for too high interest, small business in Nigeria are on God
Re: What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by MrEverest(m): 4:36pm On Nov 09, 2023
1TrippleCee:
Plenty


Stocks

Loan apps like Branch

Foreign stocks

Cooperative financing

Running a business

All you listed are volatile.
Re: What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by dawnomike(m): 4:36pm On Nov 09, 2023
MrEverest:
What can one invest in to hedge his funds against expected crash of the naira in the near future? Naira is currently swinging like a yo-yo, despite the billions of dollars that was borrowed by Tinubu to prop it. Also, it's only a matter of time before the propaganda wears out and the depreciation will commence.

Any economist or one with common sense already knows that value of currency is determined by balance of payments transactions in global trading. Our exports against imports is what will determine the true value of naira. Unfortunately, the potential for us to attract FDI or retain existing production capacity is low.

So, what can one invest in, that can be quickly reconverted to cash once need arises?
Gold

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Re: What Can One Invest In Instead Of Keeping Money In Bank To Avoid Depreciation? by 1TrippleCee: 4:36pm On Nov 09, 2023
MrEverest:


All you listed are volatile.


Lies. Your mind is abused and toxic. Nothing any human being will tell you will be real. Suit yourself

1 Like

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