obitaxanswer

The term trading invokes some kind of averseness to investors due to the amount lost on income tax, trading commission and market volatility. However, the Big Hedge companies, Bank ,Apex bank, multinationals  invest in forex to hedge foreign currency risk and for diversification.  SEE MORE   Disclaimer : Obi Azubuike is not by this publication acting as a professional adviser and therefore not liable to any damage whatsoever for your acting or refraining to act based on this publication. Consult your professional for advice.                                                     obi Azubuike (c) 2020   

  Some believe that the safest investment is cash in the bank or real estate investment. Investment can be termed as safe when you get back your original capital with a reasonable return when you need it. With this definition we cannot conclude that cash is safe because the purchasing power must have been eroded when you need the cash due to inflation; moreover we may not classify real estate as safe due to inability to quickly convert to cash when needed for emergency. Safest investment is the portfolio of investment that safeguard capital while maintaining reasonable return and liquidity over a long term. SEE MORE ON SAFE INVESTMENT STRATEGY ON THE LINK https://obitaxanswer.blogspot.com/2020/03/manage-your-taxes-and-investment-to.html Disclaimer : Obi Azubuike is not by this publication acting as a professional adviser and therefore not liable to any damage whatsoever for your acting or refraining to act based on this publication. Consult your professional for advi...

WHICH INVESTMENT GIVES THE HIGHEST RETURNS?   HIGH RISK OR LOW RISK  INVESTMENT? Many erroneously think that the investment that gives the highest returns is the one with the highest risk. However, higher risk does not necessarily  translate to higher returns. High returns depend on risk management strategy. Moreover nature  rewards people that take risk and manage such risk. SEE EBOOK- MANAGE YOUR INVESTMENT AND TAXES TO RICHES https://obitaxanswer.blogspot.com/2020/03/manage-your-taxes-and-investment-to.html Disclaimer : Obi Azubuike is not by this publication acting as a professional adviser and therefore not liable to any damage whatsoever for your acting or refraining to act based on this publication. Consult your professional for advice.                                                     obi Azubuike (c) 202...

THE MYSTERY BEHIND THE MIND. Many believe that miracles and other extraordinary things happen due to the power of the mind. Experts in psychology have recommended positive thinking , repetition, motivation and visualization. Though some of the recommendations seem to be true. However, we need to guide our mind in order to focus on the reality, not on the myth that all our dreams translate into reality. The belief that all that we visualize and our belief system is true (what we believe and think) even without real education and harmonization with reality is erroneous. SEE MORE

  FINANCIAL   ACCOUNTING 1   AT THE END OF THE LECTURE STUDENT SHOULD KNOW THE FOLLOWING -CORRECT ACCOUNTING ENTRIES-CHANGES IN THE CONSTITUTION OF PARTNERSHIP -EXPLAIN CHANGES IN CONSTITUTION OF PARTNERSHIP -ADMISSION AND RESSIGNTION OF PARTNERSHIP -VALUATION OF GOODWILL -AMALGAMATION OF PARTNERSHIP -DISSOLUTION OF PARTNERSHIP   ADMISSION OF A PARTNER Treatment of goodwill On introduction of a new partner the share of the profit and loss taken by each partner must change. There will be constitution of capital and profit sharing ratio.     ILLUSTRATION 1 OBI and kola are in partnership sharing profit and loss equally. The balance sheet as at 31 st dec 2010,     CAPITAL(NGN) NET ASSET(NGN)           350,000.00 OBI                 ...