Over the weekend last week, I had a speaking engagement in Ibadan. I was invited by the University of Ibadan Redeem’s postgraduate fellowship. I was asked to come and speak with them about the Christian Perspective to Investment and Business. Even though I was supposed to have two other speaking engagements on that same day, I decided to take advantage of the invitation to Ibadan to go a day earlier to see one of my mentors and board members, a business man with 10 digits annual turnover. This trip ended up being my best this year so far.
I had tried to reach him before now, but he had apparently traveled out of the country. I didn’t like the idea that we were going so fast with GFS and I hadn’t gotten his buy in. It was going to be a serious management presentation meeting, because if he isn’t aligned, GFS wouldn’t fly. I respect him that much. Our fathers say that we need not hide our nakedness from the people that will bury us when we die. What do you think?
I got to Ibadan at around about after 7pm on Friday, usually about the time I arrive. He was just heading home as well, so we planned to meet somewhere and go home together. We spent some time catching up a number of things, family talk, dinner, e.t.c. We did not start talking the business of the day until about midnight (usually the way it goes). By this time, we were awake alone and the analysis began. As if to set pace for the discussion though, shortly before we started our conversation, he got a phone call. The person on the other side was a mutual friend and was talking to him about certain investments he was making, and how his 1million units of shares in a particular blue chip company was doing. It was like he was being encouraged to invest more money into the stock market by his friends, the conversation ended up informing him that 3 of them would be coming to see him in Ibadan the following day. In my mind, I knew I had to be in that meeting.
Our own conversation started on the already set stage of the phone conversation. I took him through the objective, intent and action plan for GFS. As usual we went through the pros and cons together. We talked on till after 3am, quite early if you ask me, we were able to trash it all out satisfactorily. Summarily, here are a few points I took away from that meeting.
1. He sees a lot of potentials for FMC. Being the conservative person I know him to be, I was shocked when he seemed to support that it was an investment worth borrowing money to make.
2. The stock market in Nigeria is bullish right now, and is likely to remain so for the next 5yrs plus. This is because compared to other markets, share prices of even our blue chip companies are penny stocks. Convert these prices to dollars and the highest might be Nestle at slightly over $2. If you compare this with P&G shares costing $110 or Google shares that is about $535, you know that we have a long way to grow.
3. He believes that the entry price for FMC is too low. He says we should try and restrict membership to a minimum of 5 units. From his experience, he believes that people with small money are the people most likely to complain when the market is observing it’s normal downward trends. I explained to him that we have already gone public with this for month 1. He advised that effective next month, we should not take anything less than 5units.
4. He seemed to like the idea that FMC was not giving guaranteed pay. That we have made it impossible for ourselves to earn the normal international values we will earn except we do 150% annual turnover in year one (Normally you charge 20% of returns, but we are charging 50% of excess on Operating vision, which is 90% for now). He feels that we are stretching ourselves too thin, and doesn’t understand why we would “disfavour” ourselves so much. I explained to him that we went that high to get people interested since there were so many schemes promising unsustainable things.
5. He analyzed the various schemes with me, convincing me that most of them were not into what they claimed to be into. His arguments made sense. He also described the caliber of the people that will be taken advantage of. He also agreed that some will make their returns, but that it was not a way to build wealth. True to his words, there is no rich person I know today whose source was a scheme like this…of course, except the people organizing them…who we also don’t get to know.
6. He didn’t like the thought of guaranteed income. He felt it put much more pressure on one, than one needed. He advised me to be careful with GGR. He informed me that my name is all I have and I should protect it.
We went on to talk on specifics, which shares were doing well, where he was playing e.t.c. He also told me about an acquaintance of his who had made 156Million Naira this year alone. He also advised that I wait to meet with the three people coming the next day.
Of course you can bet, I waited. I learnt a lot from these young men as well, it was the formation of an alliance that would further prove vital to the success of GFS. I met with people who had hundreds of millions in the Nigerian Stock Market, and who knew where to put their funds. I sat down in silence, and listened and listened. We traveled down to Lagos together, and the discussion only ended when I alighted from the vehicle. One of them told me, “Deolu, you need to come over to my place more often, let’s talk about whats happening”…you bet!
I capped it up with a meeting with an investor friend the next day, wooow, it’s the eyes that look that see. All the high return thingies don’t do as well as the stock market, but they are not as predictable. I was informed of a foreign online market where you can make as much as 15% per month, but the whole portal can be gone in a day, and there’ll be nobody to hold.
Please note… that all registration forms not in, by the 20th of this month will only meet next months deadline. Also note that we are likely to adhere to all the advice you see here… particularly the one on limiting FMC to minimum of 5 units. We’ll let the first month go as is. The investment target we had for month one was N30 million and we have some to go, the interest level has be tremendous though. We can’t be small!
53 thoughts on “An Investment worth borrowing for”
I agree with you that GFS is an investment worth borrowing money for. The potential of the Nigerian Stock Market is really high and I must say that I am learning really fast.
A learned colleague said that what happens at the point of sales is more important than what you experience at the point you are buying. I have found this to be true.
On the issue of the Guaranteed Income, I believe it does put pressure on people but we can look at it from another angle. This kind of pressure will stretch you to deliver as promised. I feel we seldom need this kind of pressure. Reaching the 30M mark would not been an issue.
Also, the unit should be increased also. There must be a reason why others have set their minimum investment level higher than 50k naira. I have found out that people with small investments are bound to give you more trouble than those with higher investment. I would suggest that you consider this too.
My Brother in Law talks about shares and stocks a lot. I’m planning on investing some money in the stock market soon – as soon as my tenants pay me. LOL!!
Point number 5 cannot be over emphasized. That was my main concern I expressed in my comment on those schemes. We need to let people know that everything has set processes and principles guiding them, investments and returns not excluded. Most of those schemes giving guaranteed returns are playing on the ‘quick-quick’ mentality of most Nigerians. I have not met nor read about any diligent prosperous, rich, wealthy individual that defied these laws. Wealth is built and not stumbled on, though you cannot rule out the spiritual law of time and chance but that will be a one-off. Deolu, you might need to provide some perspectives to readers on what to watch out for in making investment decisions. You might be saving the life of some people that will put all they have in a scheme that may burst soon with nobody to hold. Depositors are still crying over their trapped funds in failed banks with all the regulations and control in the banking sector, how much more in a scheme without a regulatory authority.
@ Babatunji,
You have said that well, I’m increasingly bothered about the risk appetite of people, they want to cash in and cash out quickly before it topples. I have almost been turned into an address contractor. Please all, shine your eyes before you throw your money away, I have spoken to a number of these fund managers, and believe me, some of them you won’t give money to if they were begging for it.
@ Calabar Girl,
Since you already have tenants, it means you have already invested in building a house 🙂 A friend usually says that it is true that money doesn’t make one happy, but he is happier with more money… The stock market in Nigeria is booming oh! At least you can retire young and rich.
@ Emmanuel,
Good thoughts… It makes sense to limit the fund to people with more units… I think we should still go with the minimum as 1 this month though, that way the people who are really interested can show their interest before the gates close, abi?
Deolu,
Most of the ideas given by your mentor are good and since he is a big boy and has confidence in you, it is obvious he would also want to invest in GFS.My fear is that GFS might end up been run by your mentor indirectly due to his closeness to you and the strength of his investment in GFS. This is evident in the change of rules from next month to a minimum of 5 units. If this club is going to be beneficial to all then everyone’s views must be heard before such an important rule in changed. I understand 5 slots would amount to N250, 000, which rules out people without much money.
It is true that you have to protect your name and integrity.
Below is an extract from a previous article
1. “shamsuddeen responds: February 12th, 2007 at 1:20 pm
dear adeolu, why dont you set #500,000 as the minimum that one can invest in your scheme.
2. Adeolu Akinyemi responds: February 13th, 2007 at 5:36 pm
@ Shamsudeen, The minimum with GFS is going to be 100k so that the people that don’t have much money can participate as well.”
Also could we know the brains behind GFS apart from yourself.
Would you accept scanned forms from those of us in the diaspora?
I just wanted to find out about Treasure Links and Nospetco. What is your take on them?
I believe you must have discussed them before but i will prefer your candid and personal opinion to someone who is investment prone. When can i call you on the numbers on your website?
@ Denowo,
I appreciate your comments and analysis. I am running GFS, together with a team of exceptional Nigerians…like you. All our ideas will count, only as usual, someone will need to be able to take a firm stand and be responsible.
I have a number of mentors, I chose them, they didn’t choose me, I chose them based on the merit of their experiences, they provide me with guidance and I provide them with someone to be proud of. If all my mentors want to take over GFS, wouldn’t that be world war 3? 🙂 I also intend to take in his investments, the more the merrier.
The text you quoted was talking about GGR and that value still stands. About doing minimum of 5 units, it’s an idea that won’t affect the people who join in the first month. It is true that 80% of issues will come from 20% of the people (Pareto’s principle) the question is where is that 20% likely to come from? And I think it is beneficial to learn from the experiences of others. Having said this however, I am willing to take on a reasonable debate on this and succumb to reason.
Those in diaspora can scan or fill the form on their systems and mail.
I’m enjoying what is happening though… people from all over the world are connecting together to form a mighty army… sounds like the valley of dry bones. The future is blinding…too bright.
Deolu,
The fact is whether you set the limits to 5 units or more or not, when people see the results, they will troop in. i see a time when people who don’t invest in this will see themselves as foolish. Right now things aren’t too rosy to say the least and i don’t have the dough to be a part of this. i don’t feel good about that but you can bet i’m coming.
Indeed, i’m coming
Two lessons learnt.
1. It pays to delay gratification and invest early and whilst you can.
2. It pays to be subject to at least one mentor, there is no sense in digging when someone already dug, why not jump in and dig deeper.
I see GFS succeeding greatly.
You (Deolu) makes it sound so easy i wish you luck which is what you need after prayers and intelligence
Deolu
There is no true informed millionaire in Nigeria today, that does not have a sound business operating philosophy that is time -bound and subjected to quality mentorship. GFS is a beautiful initiative. And, no doubt will make wealthy a lot of Nigerian Investors. I only what you to over-emphasise the risk in ‘Get – Rich – Syndrome” that all the fund managers are using to lure Nigerians in to their funds. Only a quality financial education can liberate Nigerians.Lol. I am impressed by your contributions to humanity, keep up the good work
Hi Deolu,
Thanks for the good work so far…Regarding the FMC, to which email address should scanned copies of the application form be sent?
Hello Deolu,
Today is my first day on this site.What is all this acronyms i’m seeing? I don’t understand any of all your acronyms.
I mean GFS, GGR, FMC etc
I would appreciate if someone can explain all this.
I want to be RICH!!!!
Thanks
Hi Deolu,
I’ve sent this before, but I’m resending it in case you missed it earlier.
Thanks for the good work so far…Regarding the FMC, to which email address should scanned copies of the application form be sent?
@ Abiodun Idowu,
GFS stands for Generis Finance Solutions
GGR … Generis Guaranteed Returns
FMC … Fully managed Club.
For more information on them and many more, visit the Generis website … http://www.generisfinance.com
@ All,
send the forms to fmc@generissolutions.com, and thanks all… thanks… for all still looking for the details of GFS it’s at http://www.generisfinance.com, and for all those interested in the location of the physical office, it’s 5th floor L’Monarch Plaza, 65C Opebi Road, Ikeja, Lagos Nigeria.
as long as you are involved, integrity speaks for you. i just hope you will be able to sleep at night with people’s money in your care. GFS will fly in a matter of time but you…. i hope you have not murdered sleep with this one. I wish us all the very best that GFS and the nigerian stock market has to offer. for those outside the country, the field is indeed very ripe… and you can take that to the bank.
I think I will also be in support of raising the stake as regards FMC. It’s only to make it better & bigger for everyone. Though it may not be fully convenient for one to put down N250,000 (at least at some of our levels now), it has been rightly said that this is an investment worth borrowing for.
Let us all try and capture the bigger picture . . . Deolu just called it the mighty army . . . that is the future corporate raider (this word takes me off my feet) . . . we must remember that whatever is worth doing is worth doing well . . . for those of us who may not be able to put down 5 units this first month, we only have to fasten our seat belts; ‘cos we must all fly & soar together . . . we’re simply stepping into tomorrow and I’m eternally grateful to the Lord I’m part of this.
I am in with GFS, but the first 3days thing should be increased to atleast the first week or the first 5working days of the month….
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hi,
recently stumbled on this site……I’d love to know more about all u have on investments ive read alot but cant seem to comprehend
Very interesting comments i must say. Please when does this 5 units minimum policy take effect so that one can plan effectively to invest.
deolu,
Thumbs up my brother. Might visit your office soon.
good job man. we nigerians appreciate ur work.
pls can u explain more abt the investment u r talking abt is it like sefteg that i knw.
and kindly pls tell me ur personal email to reach u
thanks
Adeolu,
Kindly confirm that the payment for units for FMC is meant to be on monthly basis(ie 50k or 250k within the first 3 days of the month as the case may be)
Thanks
Deolu, sorry to bother you. Please what is an operational week as against a calendar week? regarding High Yield Investment Programme (HYIP).
Hey deolu, I am new to this site.Let me say i am impressed to say the least.I want to know all u have on investments,particaularly what is FMC?
Thanks.
Am tayo deolu am not seeing any reply. wats up? any way good work.
pls can you explain what fmc is and what kind of investment you are talking about.
Deolu,
u are too much bra, av learnt so much 4rm this site but want to know about FMC AND GGS.
thanks
Hi deolu, thumbs up, keep the flag flying. pls ill like to know more about GFC. i went to the site, and cant seem to find much there. is it a monthly thing and how much can we invest since the minimum would be 5units.
explain more to me about fmc
Deolu,
This is fab!! Keep up these powerful associations…information makes all the difference!! God bless.
Ny.
What is this FMC? I am new to this. Pls supply details. I like to align with credible programmes.
What is this GGR AND FMC? I am new to this. Pls supply details. I like to align with credible programmes
Can an existing member increase his investment value?
pls i need details of how these programmes run. i’ll appreciate a comprehensive explaination.
cheers
hi deolu, reading this one for the first time can you pls tell me more about the investment thing the ggs and fmc. thanks
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I actually heard about clubfreedom in april but didnt actually believe it till ipeople in Paterson Zocohnis(pz cussons) started collecting money.i know of about 7 staffs that have collected their money and the awareness now is crazy.i just joined yesterday wiht only two people on level one but today i am on level two which was quite fast.anyway if you want to join the board in pz just let me know so i can sign u up.send me a mail on kunle9902000@yahoo.co.uk
Deolu what is FMC?
please i want to know more about
GGR ,FMc
sir,
thnaks for this enlightenment.i need to also know more about GGR,FMC and GFS
You are doing a wonderful job sir.More greece to ur elbow.
Pls let me know more about GFS investment opportunities.
Can you please explain the followings to me, GFS, FMC and GGR. I am interested.
Hello Deolu,
I really want to thank you for the information so far about the investment opportunity around us.
Iam interested and i want to know more about GFS,GGR and FMC.please,kindly mail these information to my e-mail box.
I also want to meet you in person.
Thanks,
Tayo Diya.
please what is ggr,fmc,gfs
Hi Deolu,
Pls keep up the good work you are doing. Pls i’d like to know what ‘gfs’,’fmc’ and ‘ggr’ stand for and why is it that teh investments are worth borrowing for.
Deolu, we all need to get more information about this investment,i think either an on line seminar or a seminar fixed at a particular location in lagos will..do,you will be doing a lot of good to people if you can enlighten people on this..you know alot of fingers had been burnt in various investments before now….if you feel you have a solution to this generational curse of poverty,then posterity will not forget you for good.
Its not all about today but the tmw where we have our childeren children.I’m sure a lot of intelligent guys are out there looking up for an opportunity for a break through,give them the chance if you beleive you could, i wish you all the best. Cheers
GFS: Generis Financial Solutions. Check http://www.generissolutions.com
GGR: Generis Guaranteed Return
GFC: Generis Financial Club
FMC, well, maybe Deolu will let us know what they are later.
So while waiting for his comments, please check http://www.dsfxclub.com/?ref=119 for the best program now on mother Earth! We also know the Admin as we know Deolu as a trustworthy fellow
Hi Deolu, could you please shed more lights on all these stoff of a thing. I mean: GFS, FMC and GGR, etc. I am interested
Deolu,
Could you pls shed more light on GGR,FMC and GFS?Are there other investment opportunities one can benefit from?Pls let us know.
How can i join GFS,FMC or GGR
please tell me more about this investment oportunity. and note that some of us have little or zero financial education! so pls go easy on the ‘terms’. i’m all ears!