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| Personal Finance/ Financial Planning Chat on Financial planning, Debt, Loans, Personal Expenses, Pension etc |
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well my friend put me up t it. i was going to start with Nospecto but he said he was with Uphenry. this is a tight buddy of mine (we suffered together) so i guess he wouldnt lead me astray.
he told me he had been with them for 6months and they have been regular with payments. why Uphenry i asked he said the guy in charge is an old Oceanic bank staff that he knows personally and if anything is going to happen, he'd know about it unlike nospecto he doent know anybody, so i figuered i'd join Uphenry. my friend works with Oceanic Bank. Nospecto give you 40k on every 450k while Uphenry give you 10% (50k for 500k) or anything you drop... minimum 500k. you drop your money within the first 10 days but first 4 days with Nospecto. if you drop after the first 10days in Uphenry you still get something but not full but in Nospecto, i hear you dont get anything... dont know how far that is true. you fill a form and deposit your money in the account given, their head office is in Ikeja or so. they pay in the 2ndweek of every month. thats about all i know about. |
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One basic question to always ask is: what is being done with the money? The return is very high, so should also be the risk. The minimum an investor can do is to get an insight into what is being done with the funds. Seeking information need not indicate complete disbelief: there're valid investments that could yield high returns, sometimes close to what these schemes are offering... Do you have access to the results of these 'companies'?
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What some of these companies do is pool funds recieved and register with an off-shore scheme that rewards numbers...something like Forever Living Products and GNLD.....the returns that they make are higher than their payouts.....thats how they make profit.
To be honest I criticized those who engage in such investments and stated that one can do so only if you can afford to loose the money invested. Well, my brother enlightened me on the secret of his ability to change his car for a new BMW ! He is in one of these schemes and was affraid to tell me due to my well know disdain for this type of investment.....well he has converted me and i've placed an amount there that i too can afford to loose.....I'll keep you all posted.......don't be too furious !!! |
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Oh; no problem, so far the investor has a good understanding of the risk. And smart to put it money you can afford to lose.
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After all said and done, Nospecto has proven themselves to be a legitimate company. Why else would Dangote deal with them for supplying him with LPFO?
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31,igbosere road,near city hall,lagos island e:info@uphenryng.com
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Some one called me today who was to make deposit into Sefteg Nig. Co account. She told me the bank (GTB) declined payment into the account. I was curious and went to Sefteg office to find out why.
Though they did not open today (reason: June 12- banks and other businesses are open), one of the company's officers claimed the banks were given the order not to recieve funds. I have no investment with Sefteg, but i am i a position to advice people. I wish i know what is happening. More importantly, the company's notices show that the interest rate has been slashed (from 30% per month to 20%),and a withholding tax of 10% slammed on new investors. What does this mean? |
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Hi,
i'm a new member and i have recently heard of Nospecto, Sefteg and Wealth Solutions. I'm interested in investing in them for the high yield of course but i'm doing a thorough due diligence on them. I'm interested in finding out more about this whole saga with Sefteg. Of particular interest to me is 10% VAT slammed on new investors. Could any one shed some light on this? I'm trying to build up additional funds for my wedding at the end of the year. Thanks |
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@Jokesapart
I think that if you're trying to build up funds for your wedding you should seek another investment vehicle. Money put into these schemes, as i've stated, should be money you can easily afford to loose......and i don't think you currently fit that bill.....with a life changing event like marriage around the corner. My advice.....save your funds for a P.O. with good prospects for capital appreciation or....try and get NASCON today. |
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hi guys!
i just want to say i have decided to give these schemes a chance and try my hands out. i know they are high risk but what the heck. wish me luck! |
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thanks man!
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Really wish you all the luck you can lay your hands on considering that banks are now closing their accounts. At least I know first hand that First bank has done so and that GTB and Zenith are also on the war path.
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"Concentration builds wealth, Diversification preserves it." - Warren Buffet
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Others that started these schemes in March, how far? Money don drop?
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If enjoying life promotes longevity, Methuselah’s record is in jeopardy. ~Warren Buffet |