I keep on getting humbled every time I speak with my fellow Nigerians that are making impact in their chosen field. This fellow totally blew my mind, after reading his comment on NOSPETCO! – an article that generated a lot of interest with budding investors and seasoned investors alike. I decided to take him up on an interview after numerous mails hit my box on investment. So my dear avid investors, this is the interview you have all be waiting for; this is Ade – the prodigious investor…….
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- How old are you?
 Ans: I know you might think I am young but I started quite early. I am 27yrs Old
- Â Where do you currently reside?
 Ans: Surrey, United Kingdom
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- Can you let us into your background (your school, career and experience)?
Ans: I went to a Federal Government College in Ogun State and came to UK to study HND in Business and Finance and B.A (HONS) Marketing but I have worked and trained as an Accountant even without the formal education to back up my Accounting experience. The good thing about UK is that you can be what ever you want to be by acquiring the right experiences. I am constantly educating myself. I am currently working towards a BSC degree in Financial Services with Institute of Bankers in UK, the purpose of that is to help my Finance business which I hope to develop in future. I am also a trained Mortgage adviser and currently working on getting a UK license and I will be able to recommend finance for any property transaction. My personal investing experience is a slow and steady one. I have acquired knowledge by reading lots of books on investing and actually going out there are doing what investors do. My particular favorite reads are autobiography of successful entrepreneurs.
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- What made you decide on being a full time investor instead of career personnel?
Ans: I am one of the lucky people that know what they wish to become when they grow up. By knowing what you want in life you have already achieved half of it. At the age of 19 I decided on what I want and that is to be a Mega Investor.
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- If you were to start your career again, would you have done anything different?
Ans: I am a young man and my career is still well opened for any changed. If I were to go back I would have done everything the same way. I will not change anything mainly because every obstacle or difficulty I meet on the way is a lesson. I am also very happy that I have gone through some difficult lessons at such an early age.
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- An average guy comes to you and says “Ade, I have got 100k in my savings, where do I begin my investment from?”
Ans: 100,000? Naira or Pound. Just joking I know you mean Naira. It’s very simple, visit a Stock Broker and Invest in shares I use a few but www.crossworldsec.biz is my best broker at the moment. NSE (Nigerian Stock Exchange) is one of the most profitable exchanges in the world according to top business analyst around the world and according to my experiences. Leaving your money in the bank can be a good investment for someone already into investing and wish to diversify. A good bank savings will be the GTMAX account. But if you have just N100, 000 then shares is definitely the way forward, it’s an absolute waste to put that amount sitting in your bank account. You will only make the banks richer. If you have N225, 000 to invest or N450, 000 then I will advice you to put your fears aside and invest some time in investigating Nospetco then invest in them.
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- There are so many guyz working in Nigeria and need where to invest; from your experience in investment, can you enumerate best sectors, avenues and platforms to invest in?
Ans: There are lots of good sectors for investing in Nigeria. It’s a matter of getting at the right place at the right time. A few of my favorites are Properties, Farming, Petroleum, Pharmaceutical, and Finance. At the moment the Finance industry and Farming are thriving its worth looking at and the property business is always a thriving sector also should not be ignored. At the moment most shares I buy are divided into two categories; long term investment or short term. Long term investment are shares or investment I wish to leave for a minimum of five years and the short term investment are those I want to cash in the moment I make a significant amount of return. I use this principle in all my business decisions weather its shares, property, equity trading, venture capital etc.
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- You seem to be versed in investment opportunities outside Nigerian, can you let us into some of the opportunities available to Nigerians.
Ans: There are lots of opportunities available to Nigerians all around the world. If I were to start I will write a whole book on it. The first advice to any prospective investor is to become a very competent investor in Nigerian before venturing out. Investing outside Nigeria is a Dog eat Dog world. You can get buried in a day if you don’t know what you are doing or you could be very successful very quickly if you have the “know howâ€. The two main types of investment to a budding Investor outside Nigeria are shares (UK – FTSE 100), USA shares (Dow Jones index or NYSE) and Property (you will need a minimum 30% equity and the remaining will be bank financed). To deal in UK share you will have to join a broker, there are two main services offered by UK or USA brokers. I) executing only which means you tell the broker what you want to buy and he gets it for you without any questions asked. II) Advice and Execution the broker advices you on the best shares to buy, they also advice you on when they think you should sell.  There are a few good UK brokers out there but I use Barclay’s stock brokers for both my UK and US transactions. If you are too scared of investing in shares then look into UNIT TRUST, its investing in lots of shares under one umbrella. I especially invest in up and coming businesses in the London stock exchange or the USA Dow Jones index. They are very volatile shares which could be wipe out in a day or doubled within few days or months. I am still hoping to hit a jackpot in shares something like Microsoft, Dell, Amazon, British Petroleum etc. Hitting a jackpot in share is investing in a small company that will eventually grow to be a big company e.g. Microsoft. In 1985 someone that invests £1,000 in Microsoft will have grown the £1,000 to £250,000 by 1999 that is what I call a shares jackpot. Another example is Jeff Bezos (Amazon founder) parents invested $300,000 in their sons business in 1995 and by 1999 when Amazon went public they became billionaires. They are both worth in the region of $3 billion dollars each. Imagine if you had invested $300 it will be worth something like $300,000 by now.
- You are currently a NOSPETCO proponent, can you let those who are high risk takers to understand the best strategy to getting the best out of it.
Ans: I stumbled into Nospetco about 2 years ago and it has overtaking all my investment in Nigeria as the most successful in term for turn around in breakeven. There is no best way in approaching Nospetco other than do your homework and invest the amount you are comfortable with. The way I have approached my Nospetco investment is a bit risky and different to a lot of people. I started out with one after a month I increased it to two. I started getting comfortable with it and then injected capital and increased it to 20 and I slowing increased it to 25 with the returns I got back from Nospetco. After a while I decided I wanted my capital out ASAP, in other to do that I needed to invest more. I increased my holding to 50 slots and the moment I got back my Capital of 25 slots I liquidated 25 slots and returned to 25 holdings. I will not recommend this method to anyone, if things had gone wrong I would still have been ok but that will not be the same for a lot of people.
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- Give us a brief detail of the normal life of an investor? I always thought investors sit around watching TV and drinking while their monies are making more money.
Ans: lololol ha ha ha ha ha that is very funny. There are different types of investors and success levels. When I retire perhaps I will sit in front of the TV and play Golf all day but at the moment I am still a young man trying to achieve my goals. I am no where near where I want to be. For me a typical day will be going through my sources looking for new opportunities, meeting prospective business partners and viewing properties. Property is a big part of my daily activities, liaising with my banks, estate agents, solicitors, tenants etc. Like I said there are different types of investors and I like the hands on approach. But eventually my goal will be to sit and watch intelligent business men and women invest my money in their businesses and give me my return. It can be a very boring life if you don’t keep yourself busy especially for a young man. Money will not be a problem but there will be too much time on your hands and you know what they say about an idle mind.
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- From an investor perspective, what is the best way to combat unemployment?
Ans: In terms of Nigerian. I will advise people to invest in up and coming businesses this will give companies the required revenue they need to grow which in turn will create employment for our much needed graduates. Also someone with a N100, 000 and no job can easily become a self employed investor by carefully buying and selling shares from the NSE. I will also advise existing businesses to consolidate and join forces with rivals to create a stronger entity. I see lots of Nigerian businesses failing simply because the owners what to do everything themselves. This will slow down the development of the company and reduce employment. Let’s support our banks by being their customers, in turn they will invest in local businesses which will help create jobs for our brothers, sisters, cousins, friends, mum and dad and neighbors.
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- Do you believe schemes like NOSPETCO can eradicate unemployment?
Ans: This is a hard question because I don’t know how long Nospetco will be here for or when there investment capacity will be full. Let’s assume Nospetco is here for the long hol then I will say yes Nospetco can be a good vehicle in eradicating unemployment to an extent. An average man putting together N450, 000 to collect N40, 000 a month is not bad barely in mind there are lots of people out there earning far less than N40, 000 a month. The extra time this person will have can be used to creating other opportunities or spent helping out people less fortunate e.g. working for a charitable organization for free.
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- If you were to advise an upcoming young investor, what would it be?
Ans: I think I have answered this in few of the questions above. I will advise them to have a dream and don’t lose your dream. Write down your goals and steps you want to make to achieve them. Give yourself a deadline for each of your goals and do something everyday towards your dream. It could be something as small as calling a broker for more information about their services. Never wait till you have lots of money before investing. I started with peanuts investing £100 or £200 in UK shares and I built it from there. It’s never too early and it’s never too late to start. Having a good and supportive partner (wife or husband) helps a great deal in becoming successful. Communicate with your partner set your goals together. The investing part is the easy part, the hard part is having the right frame of mind and setting your goals and the hardest part of it all is making the FIRST STEP. The universal rule for new investors is never to invest what you are not ready to lose e.g. don’t borrow money to invest if you are inexperience and just starting out. Also when you become a competent investor or business man you will need money from other to become VERY RICH (e.g. BANKS or INVESTORS) its hard to become extremely successful with your money alone (maybe I am talking in terms of the UK).
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- Do you regard yourself as a success?
Ans: The answer to that is absolutely NO. I have not achieved a quarter of my goals I still have a long way to go and I thank God I have started. I pray God continue to guide me through the right part and give me wisdom during the difficult times. Success is measured by each individuals dream and definition. I am a young man and I learn every day. All my investment deals and technique have not been taught to me by anyone I learnt everything I know on my own. I don’t have a mentor or a rich father to start me out. All I have is the ambition, determination and dream to succeed.
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- Can you give us a scenario where you lost a lot of money, and you used this loss as a foundation for greater profit?
Ans: This is also a difficult question. As an investor you are bound to lose money now and again and sometime the only lesson learned is that the investment is not for you. The good thing about investment is the maximum amount you can lose is the capital you put into the business and your profit level is infinite. For example if you invest in Nospetco for N450,000 and they go burst the most you will lose is N450,000 but in they continue to thrive then your profit level is infinite N40,000 a month until whenever. Every lose I have made in any business or investment I have not regretted because I take my time in investigating the business before piling my money into it. To be honest I don’t know how best to answer this question so I will leave it as it is. If I were to write down all the loses I have made in business we’ll spend the whole day here. As an investor my profit is defined not by individual investment but by the profit I made in successful investments or business minus the loses I made will equal my profit. To be honest I don’t like focusing on loses especially when I am talking to prospective investors at the same time I want them to be aware of the risk involved in investing.
That’s it folks I got work to do. Cheers
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50 comments
1 ping
November 15, 2006 at 9:19 am (UTC 1)
Thank You Dipo
…This year has been one of challenges, I have come in contact with people that have challenged me into doing, now you have added and other into that box.
November 15, 2006 at 11:07 am (UTC 1)
i started work 3months ago after my N.Y.S.C and i made up my mind to buy shares with my salary rather than keeping it in the bank. Notwithstanding i leave a meagre in the bank and my friend just thought i was being foolish. But i made up my mind that anytime there is a good offer in the market i will invest no matter how little. its really good living a life of Focus.
November 15, 2006 at 12:46 pm (UTC 1)
Infact, u re doing a good job here. plz keep it up
November 16, 2006 at 7:20 am (UTC 1)
Men!!!!!!!!!!!
I stumbled on this page via yahoo search and men!!! it’s been very insightful and i have asked ‘ “where have i been all these while or shld i say where has this page been all these while.
Thanks to everybody for being a part of these room and for saying all you said av leant a GREAT DEAL. Please let’s keep it up.
Though I invested in Nospetco before stumbling on this page but i surely did my home work before putting my money in it.
thanks all
Josh
November 16, 2006 at 4:23 pm (UTC 1)
Nice stuff man. Keep it up… I have been studying some investment opportunities for some time now including NOSPETCO. I would make my findings know soon.
November 16, 2006 at 5:31 pm (UTC 1)
Ade,
Good thinking…smart move, calculated risks. There are loads of opportunities here in Nigeria no doubt. I’ve been priviledged to take advantage of some of them as well, I happen to also have found some with better returns than nospetco. Key word for me is take risks with open eyes. I’m also impressed.
Dipo
Good work, good findings… keep it up!
November 16, 2006 at 5:41 pm (UTC 1)
Wow Deolu,
Can you let us into these investment opportunities that have better returns than Nospetco.
My ears are itching o………….
November 16, 2006 at 6:45 pm (UTC 1)
Hmm….
Investment opportunities please don’t forget we across the ocean o!
November 17, 2006 at 4:30 pm (UTC 1)
Ade, words are not enough to thank you. First you provided insight through investment information; and now you have shared ur personal details….i found it motivating.
I prefer the US stock market and u can check out Jim Cramer’s Radio podcast on itunes. You will find his analysis quite helpful.
My question is how can i invest in the NYSE from Nigeria? Can i use a UK broker for that purpose? Do you know how i can find a US broker? I’ll appreciate a response.
Many thanks
Chike
November 19, 2006 at 2:17 am (UTC 1)
Hi Every One,
I recently had a chat with my Mums friend with regards to investment in Nigeria. Her response was for me to do some research about this Shares called NOSPETCO, which gives an ‘X’ amount in return for a percentage of the ‘X’ amount you INVEST (just as Ade explained). The only Irony is I have not read any structured information in relation to this Shares. (Doh Bloggs and journals have in Forums and Chat rooms). But I must add that this same lady makes crazy returns from Nospetco on a monthly basis, running for almost nine months. So I am thinking of taking the risk. I JUST WANT SOME MORE INFORMATION AS TO WHERE RESOURCES CAN BE ACCESSED ON THIS PARTICULAR Nospetco. Please mail me any links that can help. I must say I love this new generation of thoughful information sharing.
November 23, 2006 at 11:14 am (UTC 1)
Hello All,
Its so good to know that we have bright, intelligent passionate and young minds around doing new and great things.
NOSPECTCO Whats is it????
If there is so much money in it,am in guys .
Pls keep us informed on this cos i want to make all the different in my generation.
Dipo you are doing a great job here.
KEEP KEEPING ON!!
Cheers guys!
November 30, 2006 at 2:51 pm (UTC 1)
This is quite encouraging.Pls anyone who is very experienced and versatile on forex trading should please write me an email.And a link to other legit investment platforms,NOSPECTCO inclusive,will be gratelly appreciated.Believe me we can turn this place to the much needed break through point to any young, enterprising and ambitious nigerian who wants to get things done right.
Peace all and lets keep the good work alive
December 6, 2006 at 4:05 pm (UTC 1)
This is interesting. I actually came across the word NOSPECTCO from a friend.. I was sceptical at first, but i’ll look into it.. It is Good thinking.. tanks dipo
December 14, 2006 at 1:57 pm (UTC 1)
hi,
the bible says “Time and Chance happens to them all”; i just stumbled into this site as i was just with a friend that was/is searching for job openings. But i’m investment minded, though not doing much now. i am an IT personel in a company, i will like to know precisly how and where i can make money online !
Thanks
December 20, 2006 at 12:57 am (UTC 1)
i think i really need to investigate all you have said.. though the seem nice and itching….i need my findings to complement your life changing advice .. thanks
January 11, 2007 at 11:48 am (UTC 1)
Dipo,
If your ears are still itching.. call me tomorrow
February 5, 2007 at 10:20 am (UTC 1)
The interview is so educating, interesting, entertaining and inspirating. You have really made my day. Keep up the good work.
I wonder if it will be possible for us to set up another Nospetco in UK with Ade as the MD/CEO and Dipo as the DMD/CFO. If so, then I will surely invest my last kobo in it!
February 8, 2007 at 10:13 am (UTC 1)
Ade, Dipo, only God will bless u guys, u have really touched and supported me in so many ways.
I must confess that this is the most helpful website i ever visited.
Ade, kindly tell me of these other investments that yield higher than NOSPETCO.
My email address is david_cj2002@yahoo.com
see you at the top.
February 12, 2007 at 7:19 pm (UTC 1)
firstly well done Dipo, secondly Ade,
we’ve been running a mentoring forum for over 2 years but formally launched last March. This March we celebrate 1yr and aim to raise enough funds to become a formally recognised charity.
this forum is called MENTOR http://www.hotr.org.uk/mentor
and we aim to nurture, encourage and inspire men of integrity for all society. Some of our topics have ranged from responsibility to financial awareness having dissected with one of our great mentors the principles within the book ‘Richest Man in Babylon’ to name a few.
I would like to invite you Dipo, Ade and any other men interested in attending our forum in March. Ade I would like you to speak as a guest if possible so please get in touch. my email address is solechyld@hotmail.com.
For those interested in MENTOR visit the site and email mentor@hotr.org.uk, more details will be up soon
February 18, 2007 at 3:06 pm (UTC 1)
Hi Jon,
Neat idea i must say(this MENTOR stuff). Didn’t get much info about it though from the website.
Dipo,
Thumbs up for the good work man,thumbs up. Did you eventually get a response from Deolu?
February 20, 2007 at 9:48 pm (UTC 1)
Dipo,
how are you, can you please get Ade to get in touch re MENTOR. Many thanks
J
February 23, 2007 at 6:29 pm (UTC 1)
@ Deolu,
Hi, are you the “deolu’s generis” person, pls let have more insight into this.
what other schemes can one also benefit from?
February 24, 2007 at 11:37 am (UTC 1)
Hi Ade, nice comments. I was really inspired by your article and I have sent it to all my colleagues to learn something from it. I have 1/2 a slot in Nospetco! Wonder how I got that? Anyway I got it thro an investor who gets something off from me, ie. I give a percentage of my N20k. I am thinking of doing a whole slot myself now. Meanwhile, has anyone heard of treasure link? Thats is what is up now. Theya are in Ibadan and Lagos. This promises something in the range of 250% interest in 3 months. I have tired and received some money from my first investment on Friday. I started in November. I have reinvested more money( That’s the usual, when u get small u want more!
March 2, 2007 at 11:15 pm (UTC 1)
Wow, its been a long time I have been on this site. Thanks for all your comments I really appreciate it. It amazing to see how many people are willing to help themselves to be better. Good Luck all.
Jon,
Nice offer. Not ready for that yet. I have your email I will contact you in due course.
March 21, 2007 at 7:57 pm (UTC 1)
the article on nospetco is great! pls has any one heard of wealth solutions? let us know what is going on ‘cos i gat big ears and i keep them real close to the ground!
March 23, 2007 at 1:25 pm (UTC 1)
you guys are great. just need to know more about nayaco. could someone shed light about if they are listed in the oil & gas directory in nigeria
March 29, 2007 at 10:31 pm (UTC 1)
Kenny gee,
You can get all the info you want on Nayaco on the nospetco blog. I know i’ve seen it somewhere there before. In case i come across it again i’ll post the link
Ade,
Good to read from you.
Olumide Tioluwalase
Is this the same chuksyy we know?
March 30, 2007 at 2:00 pm (UTC 1)
Hello every one,
Many tanx to Dipo, Ade and other contributors.Pls keep us informed on other good investments available like or better than NOSPETCO.My Email is sulehgem@yahoo.com.
Keep up the good work.
Gem
April 5, 2007 at 12:13 am (UTC 1)
Hi all,
@Ade
Just a quick question regards Barclays, how would you rate their online services in terms of registration and susequent support? Thanks in anticipation
April 5, 2007 at 11:14 am (UTC 1)
Hi All,
Nice reading. Just got to this site. I’ve been researching on Nospetco. Curious investment. No legal documents as prove of payment save for bank teller. Wud like to know more. Don’t mind investing if it’s legal. Heard of Treasure link in Ibadan too. Anyone with info on contacts with an NYSE stock brocker? Cheers
Emma.
April 7, 2007 at 6:18 pm (UTC 1)
Thanks to all contributors to this wonderful heart felt site. What can i say? Well done!
Please what are other prospective areas of long term investment in NIG. Regarding NOSPECTCO, is it advisable for someone to invest in it now? Am looking for investments to put my money in NIG. Currently i stay in Accra GH.
April 19, 2007 at 9:45 pm (UTC 1)
jamal,
I also use barclays and they are the best. One of the most reputable company in the world.
April 26, 2007 at 8:46 pm (UTC 1)
the issue of multiple investments companies is really giving the investors a cause for concern. i work with UBA and it has closed NOSPECTO,WEALTHSOLUTION &has frozen SEFTEG because they cannot convince the banks that their business is legal People should be more careful in order to lose their money……..
want to advise people to do cdt &clubfreedom cos i have 2 slots each and it is real
April 28, 2007 at 6:56 pm (UTC 1)
@Loads
Thanks a lot man, i have checked with them and was made to understand that City index handles their spread betting issue ( i mean they use their platform). Do you know this to be true and have you by any chance used this particular service (spread Betting)
May 2, 2007 at 8:17 pm (UTC 1)
Wow!! i’ve heard alot about this NOPSPECTCO! but no one seem to be showin me its route…….please Ade lead me there i want to invest.
May 3, 2007 at 6:47 am (UTC 1)
great! good work by dipo and ade, plz i need to have the address of some other investment opportunities that are better off, NOSPETCO.. my email id:segunodejayi@yahoo.com. hope to have a reply… including their addresses
May 9, 2007 at 11:44 am (UTC 1)
Hi! Dipo,
It was very refreshing reading through your advise on investment opportunities in Nigeria. I am presently based in Denmark and just as I was thinking on how to invest home since I will be going finally in December 2007, I stumbled on this site. Great work guys!
May 11, 2007 at 2:42 pm (UTC 1)
pls can anyone give me wealth spinners address and when wealthsolution week 17 is
May 12, 2007 at 12:01 pm (UTC 1)
Jamal,
I use IG index for spread betting, you can also try betonmarket.com
May 12, 2007 at 12:02 pm (UTC 1)
Babajide,
Why don’t you click on the Nospetco thread? You will find lots of endless information you need.
May 21, 2007 at 8:29 am (UTC 1)
what is happening here guys
May 21, 2007 at 11:45 pm (UTC 1)
Sege,
Nothing dey happen
May 23, 2007 at 11:15 am (UTC 1)
Nospetco, Treasurelink,etc are all stories compared to 6k4U. I joined the 6K4U that yields $6000 or N780,000 in 6 to 10 weeks by just investing N24000 for 2poeple. I joined in less than a month ago and have entered the board and will be cycling out to get a $6000 in no time by Gods grace, imagine what you could do with this kind of money in Nigeria. investigate this info and you’d discover its not a scam but its for real. when you make up your mind you can join this winning team now!!!
To Join: http://www.6k4you.com/6k.cgi/odedinasat/join.html
My Ref:
http://www.6k4you.com/odedinasat
cheers,
Prince
May 31, 2007 at 12:20 pm (UTC 1)
Kindly furnish me hyip database in nigeria.
Thanks.
June 11, 2007 at 5:10 pm (UTC 1)
can some help me to know more about waerthsolution?
June 11, 2007 at 8:26 pm (UTC 1)
i was told by a friend about investment opportunities in wealth solution and nospetco .i want to invest but am afraid because i want obtain loan from a bank.please guide me.
June 12, 2007 at 4:23 pm (UTC 1)
Ade blog 45……….I recon you should use another name, you dont sound like the Ade we know
June 15, 2007 at 8:31 am (UTC 1)
@bashir,
I will sugeest never to obtain loan to do this kind of investment.I believe you dont want to get your hands burnt.
It is better if you start with the little you have.I reside at ibadan and i know virtually all the fund managers springing up by the day.There are over 15 fund managing companies as i am talking with you right now and there is a lot of drama to it.
Take for example,I invested money into wealthsolution since 4th april,they promised 2 months but it is already overlapping 2 months now….
talking about pennywise(have u head about that?) those have slashed their money from 251,390 to 31,870….lots of surprises you would say but at the same time.
All i am saying is that you should only invest WHAT WILL NOT GIVE YOU HEART ATTACK…
MUCH LUV
July 19, 2007 at 8:32 am (UTC 1)
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July 12, 2010 at 11:34 am (UTC 1)
What type of degree do I need to pursue to become a real estate investor?
420 says:
June 18, 2007 at 3:15 am (UTC 1)
420…
shit-happens 213348 Catalogue of 420….