I think we can have a more balanced perspective on this subject if we consider these 5 factors: 1. The average rental yield in Nigeria is about 5% to 7%. For prime locations, it ranges between 8% to 12%. Calculating with these rental yield numbers, a N90M is expected to generate a rent of N4.5m to N10.8m every year. We can peg it at the base minimum of N4.5m. The projected N3m annual rent puts the house at just 3.3% rental yield, which is below the average industry standard. 2. Houses just like every other asset apprecaite in value over time. Owing a rental property is similar to owning a dividend paying stock. Your rents are your dividends. You also have the gains of capital appreciation. Let's say the house owner collects rents for 10 years, he would have earned between N45m to N108m in rental income. Real estate in Nigeria appreciates by an average of 10% (or more depending on location) per year. This means a N90m house should be worth at least N243m in 10 years time. If we factor in the rental income generated from the house within the 10 years time frame, it isn't so much of a bad investment. 3. Reinvesting the rental income into other assets can also help you break even faster. Mr. A that invests his yearly rental income into stocks, bonds, or even other businesses will most likely make more returns from his house than Mr. B who just collects his rents and keeps it in the bank. 4. House is a defensive asset. People use it for a balanced portfolio diversification and a hedge against risks of exposure to volatile asset classes like stocks and crypto. Not all assets should be for fast income growth. Some could serve as a safety net. 5. You can sweat the asset (house) further by using it as a collateral to secure loans for other fast income generating businesses. I know there might be concerns of inconsistent payment of rents, maintenance costs and others, but on a on much bigger scale, if we objectively consider all other factors, building a house for rent is never a bad investment. It may not be the best investment option out there, but it isn't a bad one either.

Google Gemini hits 1 billion users.

Oh well... Seplat is currently at N16,000.

The University of North Carolina’s endowment manages about $15 billion across its different portfolio. 15 years ago, they invested few millions of dollars in SpaceX The university sold part of its stake for over $1 billion after the IPO.

“The biggest thing about making money is time. You don’t have to be particularly smart, you just have to be patient.” — Warren Buffett

People who analyze too much are not in any way different from people who complain too much. They are both good at doing nothing.

The biggest win from this IPO is that it will onboard a lot of new investors into the Nigerian capital market. And as they get onboarded, it will create a new wave of capital inflow which will trickle down on other equities.

It takes obsession to attain a certain a level of mastery.

"Your inheritance has made you a very wealthy man but that doesn't mean to say that you are rich. You are asset rich, cash poor." Excerpt from the movie, The Gentlemen.

"But divide your investments among many places, for you do not know what risks might lie ahead." — Ecclesiastes 11:2

Don't just follow your passion. Choose paths that have the best financial rewards and make it your passion.

There is a temptation that comes with checking your portfolio everyday. Resist it.

Trust funds and building an early investment portfolio for your kids is all good. But it is also important to start teaching them the subject of money from an early age. How to make it, manage it, and grow it. Having a proper knowledge of these things is an asset of its own.

Always structure your investments in a way that no one singular event can wipe out all your years of investment.

Your financial decisions should be made based on your personal goals and objectives. Not on public opinions.

Tech money >>>

Saka's speech almost got me teared up. This was the highlight of the Balon d'Or event for me. Regardless of our field of endeavour and all that we might have achieved, impacting humanity is the very climax of it. Nice one, Bukayo. Thanks for Biringiro and many other kids in Africa whose dreams are still kept alive by your charity works.

Was rooting for Mbappe but then, this is also well deserved. Congrats Harry.

Burna X Bukayo. The Nigerian connect.

Still can't get over this clip. Bellingham is such a proper baller.