Lol, Make we yarn, if ₦5m dey your hand right now, you go put am inside land or inside Bitcoin? Thoughts.
Bitcoin go bring higher and faster profit pass land. Buy I go diversify my investment using 50-50% so that my risk go spread. N2.5 go enter Bitcoin and the balance na to find way buy few plots for developing area for Rivers State.
I debunk this statement with very strong opposition. Yes I agree.with you that land is an asset but how you passed it to the next generation when you sell the land. It is only when you used the land to build Real Estate then you can generate income annually. If you keep the land, yes next generation will come and inherent it but you will become poor. I don't know if you understand my point.
And if you are investing for the next ten years then it's s good to invest in the bitcoin and don't buy them at once but use DCA approach so that you can be making profit at any point in time.
You arguments no too pure. Some people buy land 10 to 15 yeas ago for N500k. But today the land na N15 to N20 million. Now if say the person use N10m buy 20 plots na close to N150m to N200m. So wetin come bring poverty come this matter?
If you get money buy land for developing areas. Even if you no get money to build house just fence and keep. After some years, you go cash out big. But check the area well oh because no bi all places dey develop rapidly.