NewStats: 3,261,675 , 8,174,731 topics. Date: Friday, 30 May 2025 at 05:00 AM 2jt4l

funkyy598:


A silly and irrelevant question if you smart you know!

That grammar was too mechanical and not everyday language.

slydog:


Gbam.
After i finish data analysis training and began applying for roles, I got a company, sent me test to write, we arrange am in-house, you know every. Next they called me for in-house presentation with python.
Python I claimed I'm an expert in on resume, but it's just 3 months crash course we did, bro I did not go, cos I know I will fumble. That's how I knew I wasted $2k on data training and moved to BA.
Lol

This is so hilarious! I laughed so hard. The data analysis/BA training craze has really died down now. Thank goodness! That period, everywhere you turn, na so so training.

House34:

There is no hatred toward them, but a change in mindset and behavior is needed, as they are not the only group of immigrants in Canada. This year, many Indian students protested across Canada, demanding PGWP extensions and PR with a sense of entitlement. Now, concerns are rising over potential clashes between Sikh and Hindu communities in Brampton, Ontario, Following violent incidents by pro-India activists on November 5, of the Sikh community began patrolling the Sri Guru Singh Sabha Malton Gurdwara in Mississauga, armed with defensive items such as bats, clubs, sticks, and swords. In response, the government has started taking action; for instance, on November 8, it restricted the Student Direct Stream, which previously eased visa access for Indian students.

thank you

Lumiere91:
thank you

in addition they have been bringing some of their cultures to Canada which doesn’t make sense.

There are videos/ articles online showing some of these below

1. Renting a 3 bedroom basement to 6-12 people ( i rode my bicycle past Brampton recently and most of the houses have 5-6 cars on the driveway/road) . Brampton mayor recently introduced a program to checkmate this. Landlords protested.

2. Bragging and encouraging fellow students to go storm food banks.

3. Indian descent politicians carrying khalistani/ hindu/silk matter to the parliament. NDP leader is a silk, conservative deputy leader is also a silk both sympathetic to khalistani.

4. Employing only their own people in the gas stations, trucking , fast food, hotels they own.

5. Catching migrating salmon illegally

6. Allegedly sh**ting in some beaches ( later debunked)
7. Crossing the rail tracks at union station in mass.

8. Filling for false asylum in response to the changing immigration rules.

9. Selling trucking training schools certificate to people who didn’t do the training. Thereby endangering lives

There are other immigrants in the country but too many bad eggs has turned all the attention on them.

@ednut

Waoh! This is so many shades of WRONG BEHAVIOR!!!
No wonder Miller has been "milling" the immigration system drastically!!
May Canada succeed in sanitizing their system and reclaiming their "lost glory" !

Lumiere91:
thank you

Waoh! This is so many shades of WRONG BEHAVIOR!!!
No wonder Miller has been "milling" the immigration system drastically!! angry
May Canada succeed in sanitizing their system and reclaiming their "lost glory" !
(Modify) (Quote) (Report) (Share)

geekybabe:



Lols. Mehn . You don hustle. Even me who has been in the data space for over 3 years and I’ve done extensive python coding, I messed up in all the live coding interviews I had to do. So I can totally relate.

Experience matters a great deal tho. Beyond all these 3 months crash course. But even with my experience I got many rejections till I finally started getting offers. Me a whole tech star with over 10 years of experience in many roles . Canada humbled me mehn. When I eventually got jobs in the data space, with my masters and certifications, I didn’t get any 6 figure offers . But I am grateful I got something good in my field. Job search was humbling and exhausting and it was a huge relief to finally find a paid employment.

Online course vendors have sold false hopes to many. Learn data analysis and land 6 figure job. Learn cybersecurity and land 6 figure roles. Blah blah. Maybe it worked a few years ago. But today’s economy is different and every fancy tech role is super saturated. I’m in tech myself but I know that I have to jump on a side hustle fast because somehow, this country can be volatile with jobs. The private sector especially. I hear about layoffs and it’s like a normal thing these days. One has keep thinking outside the box.

Anyways, me let’s just take each day as it comes and keep trying our best.

E se pupo meaning Thank you very much in case you're not from south west Nigeria..lol. 6 figures 6 figures. Imagine o 10years experience. Somome with 3months crash course go dy find 6 figures. Last last dm go wise.

jjohndoe83:

This is so hilarious! I laughed so hard. The data analysis/BA training craze has really died down now. Thank goodness! That period, everywhere you turn, na so so training.

i detest those people ehn. One even messaged me on Nairaland to help promote his cyber security course for a commission . Selling hopes to people for 3-5k.

There is one popular one like that based in Canada, if you visit the linkedin page you will see hundreds of Nigerians that took his training they later added bogus work experience from the same tutor. Yet they couldn’t secure jobs . I was like are people this stupid to fall for this crap.

Kenn55:


My brother that is not my conclusion cos I don't any data to back it up. I'm just laying out some factors that could be an issue as i have seen around me. The reality is that the job market is tough at the moment but then some people are not also helping their case when the opportunity comes cos they aren't as good as they should be. So at the end of the day, it is a combination of different factors not just one.

It's good you clarified. Let no one run away with a "single story".

slydog:

Interesting, though I realized it's only one company that most immigrants insurance agents use and that's ivari.

But I do note that there are other insurance companies like the insurance companies of the big 4 banks and all.

So would u suggest I buy insurance from the big names and avoid d one that targets immigrants or not buy at all?

Several insurance marketers have tried selling those products to me but they have not been able to convince me as to why it is a good investment.

1. I would suggest that before you buy any form of permanent life insurance (whole or universal life) ensure that you have maximized all the available government forms of investments (TFSA, RRSP, RPP, RESP etc).

2. It is better for you to buy a temporary life insurance (term life) 20/ 25years for very cheap say $30 - $40 per month than buying a permanent life insurance for $500 per month. you can diligently invest the balance of $400+ in the options listed in 1 above.

3. Majority of the insurance marketers are just interested in the huge commission they make. They earn an Average of 50 to 90% of the your first annual . Don’t fall for their pressure. On various what’sapp groups u will see at least 10 Nigerians selling insurance.

4. Permanent life insurance products (whole life and universal) are for the rich folks and established biz owners, who have exhausted all the available govt investment options and are seeking ways to enjoy tax free investments. It is not for new immigrants, folks trying to get their feet established. Infact, for the universal life policy to make financial sense in the future, u need to be putting in at least $700 monthly into it..

How does the person who bought the product loose money?

amdman:


I wish it's not too late for me to convince you not to these insurance guys that are making merchandise of the immigrant population. Their life insurance products are targeted at immigrants because they are very bad financial products, and so they leverage on immigrants selling to other immigrants in their network. At the end, the insurance agent makes money, the insurance company makes money, but the person that bought the product loses money. I wouldn't sell such a product to my community.

megastu:
How does the person who bought the product loose money?

You may loose your money in several ways:
1. If you decide to stop contributing to the policy before the 20 years period mark or whatever period that’s stated in your policy.
2. You may not get full value for money due to the high insurance fees when compared to investing your money in the govt investment options.

I am still not convinced. Is the purpose of insurance to make money or to take care of loved ones in the event of Mishap of the policy holder (In most cases, the breadwinner)?

seunpinky:
Id nothing happens in the duration then your policy is gone. If something happens to you even the next day after your policy is perfected, your family gets cover- $500k, $1m or even $1.5m depending on your coverage. Let us educate people rightly.

There is a reason why Gofundme becomes the only way when some of our people met unfortunate and untimely death.

You may loose your money in several ways:
1. If you decide to stop contributing to the policy before the 20 years period mark or whatever period that’s stated in your policy.
2. You may not get full value for money due to the high insurance fees when compared to investing your money in the govt investment options.

These guys bursted my door recently. Fortunately i was in the living room, i change am for them. They eventually ran and we called 911. Police came, reviewed CCTV but didn't really do anything. Just advised we our insurance company. We have since changed the door to a bigger, stronger one. Yes, Brampton.

ednut1:
in addition they have been bringing some of their cultures to Canada which doesn’t make sense.

There are videos/ articles online showing some of these below

1. Renting a 3 bedroom basement to 6-12 people ( i rode my bicycle past Brampton recently and most of the houses have 5-6 cars on the driveway/road) . Brampton mayor recently introduced a program to checkmate this. Landlords protested.

2. Bragging and encouraging fellow students to go storm food banks.

3. Indian descent politicians carrying khalistani/ hindu/silk matter to the parliament. NDP leader is a silk, conservative deputy leader is also a silk both sympathetic to khalistani.

4. Employing only their own people in the gas stations, trucking , fast food, hotels they own.

5. Catching migrating salmon illegally

6. Allegedly sh**ting in some beaches ( later debunked)
7. Crossing the rail tracks at union station in mass.

8. Filling for false asylum in response to the changing immigration rules.

9. Selling trucking training schools certificate to people who didn’t do the training. Thereby endangering lives

There are other immigrants in the country but too many bad eggs has turned all the attention on them.

megastu:
I am still not convinced. Is the purpose of insurance to make money or to take care of loved ones in the event of Mishap of the policy holder (In most cases, the breadwinner)?

Exactly the purpose of insurance is to take care of loved ones in the case of a mishap to the policy holder, hence a basic temporary life insurance would suffice and cater for this. However, the insurance we are talking about in this context is those sellling permanent life insurance (whole life and universal life) these products are hybrid ( having a combination of insurance and investment).

Temporary life costs $40 per month ( insurance only)
Whole life costs $300 per month ( insurance and investment). The selling point to convince you to buy whole life are ( you are investing alongside being covered, you can borrow from your investment in the future tax free).

The average Canadian only needs a temp life insurance, while the rich Canadian can afford to get the perm life as they would have exhausted the other tax free investment options such as tfsa, RESP, RRSP, RPP)

Ask yourself, how many new Nigerian immigrant have exhausted the govt tax free govt investment options. You have a tfsa limit of 7,000 per year which can be rolled over (if you have spent 3 years in Canada as a PR your tfsa limit would be 21,000), you have 2,500 RESP per child per year, you might even have up to a max of 31,560 RRSP limit.

Marike2:


Waoh! This is so many shades of WRONG BEHAVIOR!!!
No wonder Miller has been "milling" the immigration system drastically!! angry
May Canada succeed in sanitizing their system and reclaiming their "lost glory" !
(Modify) (Quote) (Report) (Share)

I believe migration should be done legally not this infiltration of miscreants.Person as a conservative,I would due process to be applied for everyone

megastu:
I am still not convinced. Is the purpose of insurance to make money or to take care of loved ones in the event of Mishap of the policy holder (In most cases, the breadwinner)?

You are correct. However, I think he is specifically talking about those kinds of insurance those agents are selling. It is a kind of hybrid insurance plus investment package and it makes no sense. If you read the details you realize that the risk of losses is too high.

It is better to separate your insurance from investment. I do insurance for insurance and investment for investment and not those nonsense they are tricking people to enrol which costs a lot.

I got tricked by one Nigerian agent when I first came to Canada so I got the package but I canceled it after 9 months when I had a better understanding of how things work. The day I canceled it, he begged me eeh, told me so much sweet stories to make me change my mind but I didn't. After I canceled it, he didn't talk to me again even till today

Kenn55:


You are correct. However, I think he is specifically talking about those kinds of insurance those agents are selling. It is a kind of hybrid insurance plus investment package and it makes no sense. If you read the details you realize that the risk of losses is too high.

It is better to separate your insurance from investment. I do insurance for insurance and investment for investment and not those nonsense they are tricking people to enrol which costs a lot.

I got tricked by one Nigerian agent when I first came to Canada so I got the package but I canceled it after 9 months when I had a better understanding of how things work. The day I canceled it, he begged me eeh, told me so much sweet stories to make me change my mind but I didn't. After I canceled it, he didn't talk to me again even till today

Let insurance be insurance let investment be investment, very important 💯

Oh i get you. No mind them. Just do insurance and leave investments. Who never chop dey invest?

seunpinky:


Exactly the purpose of insurance is to take care of loved ones in the case of a mishap to the policy holder, hence a basic temporary life insurance would suffice and cater for this. However, the insurance we are talking about in this context is those sellling permanent life insurance (whole life and universal life) these products are hybrid ( having a combination of insurance and investment).

Temporary life costs $40 per month ( insurance only)
Whole life costs $300 per month ( insurance and investment). The selling point to convince you to buy whole life are ( you are investing alongside being covered, you can borrow from your investment in the future tax free).

The average Canadian only needs a temp life insurance, while the rich Canadian can afford to get the perm life as they would have exhausted the other tax free investment options such as tfsa, RESP, RRSP, RPP)

Ask yourself, how many new Nigerian immigrant have exhausted the govt tax free govt investment options. You have a tfsa limit of 7,000 per year which can be rolled over (if you have spent 3 years in Canada as a PR your tfsa limit would be 21,000), you have 2,500 RESP per child per year, you might even have up to a max of 31,560 RRSP limit.

megastu:
Oh i get you. No mind them. Just do insurance and leave investments. Who never chop dey invest?

they mostly target new immigrants using people in your community. Philippinos, Indians and Nigerians etc. a friend tried to convince me for over a year

megastu:
Oh i get you. No mind them. Just do insurance and leave investments. Who never chop dey invest?

But the one they sold to us combines life insurance and investment as family package , which they told us we could cash out big time with no tax and it risk free. This is now my hope as a newcomer, because newcomers are the ones who mostly buy it, no one seems to offer any counter-views about it

orjohn24:


But the one they sold to us combines life insurance and investment as family package , which they told us we could cash out big time with no tax and it risk free. This is now my hope as a newcomer, because newcomers are the ones who mostly buy it, no one seems to offer any counter-views about it

Take some time to read my previous comments on the subject matter. The agents really take advantage of the naivety of new comers and sell insurance products that are not suitable for their needs.

Na that cashout big time be the catch… also it’s not Riskfree you funds are invested in various financial portfolios

slydog:


Tell me more please.
Is it that the insurance doesn't doesnt work? The term or perm live or resp, do they work when u need them or not?

I will try to summarily break down Whole life/Universal/Permanent Life Insurance (will refer to them generally as ULP) and compare them with a 20year Term Life Insurance Policy for the average 40yr old with no major existing health issues.

Under a ULP, the policyholder pays for both insurance and investment. However, the policyholder or the beneficiary can only get one benefit and not both. If the policyholder dies, his beneficiaries get only the insurance payment and forfeit the accumulated investment to the insurance company. Alternatively, the policyholder can end the policy and draw his savings or he draws the accumulated savings using various loan schemes.

Let me clarify with an example. For the average 40year old, healthy male, a ULP policy will average $600 - $1000 monthly or more for a $1m insurance policy. A portion of that payment goes to investment, while a portion goes to insuring him. If he dies at 55yrs, his beneficiaries will get only the $1m payout but will not get the accumulated savings. The insurance company will payout $1m and the accumulated investment will be forfeited to it. Practically none of the people selling this product will tell you this.

If that same guy bought a 20years Term life policy, he will pay $70 - $100 monthly as insurance . He invests $500 monthly in an S & P 500 linked mutual fund (which has returned an average of 11% over the last 20years). If he dies at 55years, his beneficiary will get $1m payout from the insurance company and $220,928.29 from his investment.

NuCypher:

I'd say his advice carries some weight. While some of these insurances do work, they often come with payments that are hard to maintain or clauses that can result in complete loss of previous payments, all hidden deep in convoluted pages and pages of text. Let's not deceive ourselves. There's a reason the immigrant community who know no better are squarely targeted for these products. In fact, it has gotten so bad that their salesmen only need to see that you are black to approach you.

This is another wicked part of the policy . The consequences of cancelling the policy can be the loss of many years of investment growth. They know that immigrants don't typically read the policy so they the details in the fine print.

seunpinky:


2. It is better for you to buy a temporary life insurance (term life) 20/ 25years for very cheap say $30 - $40 per month than buying a permanent life insurance for $500 per month. you can diligently invest the balance of $400+ in the options listed in 1 above.

Let’s consider the rate of return. The top rate offered in Canada for investment under a Universal Life Policy is 5%. This is partly because of Govt regulation that limit how and where insurance companies can invest their funds. So if you were investing $500 monthly aside your insurance , your investment is growing at 5% annually. That is practically a wealth destroyer as the inflation rate can sometimes be higher than that. As I demonstrated above, an S & P 500 linked mutual fund will deliver 11%. So after 15years, the ULP guy that invested $500 for 15years will have $133,991.23 while the Term Life guy will have $220,928.29.

amdman:


I will try to summarily break down Whole life/Universal/Permanent Life Insurance (will refer to them generally as ULP) and compare them with a 20year Term Life Insurance Policy for the average 40yr old with no major existing health issues.

Under a ULP, the policyholder pays for both insurance and investment. However, the policyholder or the beneficiary can only get one benefit and not both. If the policyholder dies, his beneficiaries get only the insurance payment and forfeit the accumulated investment to the insurance company. Alternatively, the policyholder can end the policy and draw his savings or he draws the accumulated savings using various loan schemes.

Let me clarify with an example. For the average 40year old, healthy male, a ULP policy will average $600 - $1000 monthly or more for a $1m insurance policy. A portion of that payment goes to investment, while a portion goes to insuring him. If he dies at 55yrs, his beneficiaries will get only the $1m payout but will not get the accumulated savings. The insurance company will payout $1m and the accumulated investment will be forfeited to it. Practically none of the people selling this product will tell you this.

If that same guy bought a 20years Term life policy, he will pay $70 - $100 monthly as insurance . He invests $500 monthly in an S & P 500 linked mutual fund (which has returned an average of 11% over the last 20years). If he dies at 55years, his beneficiary will get $1m payout from the insurance company and $220,928.29 from his investment.

Aptly written, the agents are just pushing the ULP products due to the high commission they make of it. Using your above example, with a monthly of $800 per month, the agent will make between ($ 4,800 - $7,680) as commission. This is the reason there are several ULP agents out there esp within our community.

megastu:
How does the person who bought the product loose money?

First, his beneficiary only gets one leg of the policy if he dies, that is the insurance leg. The investment if forfeited to the insurance company.

Lets also look at fees.

Under a Universal Life Policy, your $600 monthly payment for the first 2 years goes towards fees. The insurance company paid the insurance agent $3k for your policy, paid his uplines (because they sell via network marketing) and incurred other costs. So for the first 2years, you practically have almost zero investment despite the fact that you have paid over $14,000. In addition, they charge the highest annual management fees compared to other mutual funds, meaning that in reality, your investment will not even grow at 5% because their annual fees are constantly eating into it.

slydog:

Interesting, though I realized it's only one company that most immigrants insurance agents use and that's ivari.

But I do note that there are other insurance companies like the insurance companies of the big 4 banks and all.

So would u suggest I buy insurance from the big names and avoid d one that targets immigrants or not buy at all?

Ivari/WFG are the products pushed by immigrants for immigrants. I personally prefer buying from insurance companies owned by the big banks because they have a reputation to protect, have a larger pool of fund and a $1m payout will not shake them as much as a smaller company that will start looking for excuses not to pay.

Life insurance is very important, but buy term life policies. The primary goal of life insurance is to protect your family so that they can maintain similar lifestyle if you early. If you were intentional with your investing in your working age, your family will not need life insurance to protect them when you are 65years because your savings will be significant and your children will be of working age themselves. Life insurance is to bridge the gap whilst you are still accumulating your investment.

seunpinky:


Aptly written, the agents are just pushing the ULP products due to the high commission they make of it. Using your above example, with a monthly of $800 per month, the agent will make between ($ 4,800 - $7,680) as commission. This is the reason there are several ULP agents out there esp within our community.

Everybody just wants to cash out. If I were in that business., I would sell at least 3 policies monthly but my conscience won't let me sleep at night. How would I feel to find out a friend sold me a bad product 5years after diligently paying into the product?

Sometimes I blame the agents, but some of them were also lured into it with very little prior knowledge.

Kenn55:


You are correct. However, I think he is specifically talking about those kinds of insurance those agents are selling. It is a kind of hybrid insurance plus investment package and it makes no sense. If you read the details you realize that the risk of losses is too high.

It is better to separate your insurance from investment. I do insurance for insurance and investment for investment and not those nonsense they are tricking people to enrol which costs a lot.

I got tricked by one Nigerian agent when I first came to Canada so I got the package but I canceled it after 9 months when I had a better understanding of how things work. The day I canceled it, he begged me eeh, told me so much sweet stories to make me change my mind but I didn't. After I canceled it, he didn't talk to me again even till today

What percentage of the s you paid for 9months was refunded to you?

amdman:


What percentage of the s you paid for 9months was refunded to you?

Nothing ooo. I lost the money but I didn't mind cos it's better than continuing it. I took it as the price to pay for lack of knowledge

Kenn55:


Nothing ooo. I lost the money but I didn't mind cos it's better than continuing it. I took it as the price to pay for lack of knowledge

Imagine that! You took the right decision though. Only sad that your relationship with the agent is damaged.