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yodiyokun (f)
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Cool it down ooo!!. I did not say 1 bank - did I? Remember when you are married and both are working is another ball game from single person ooo. An average person I have met since my short time here has as many as 3-5 credit cards at least 1 amex, 1 mastercard and 1 Visa. Then there is line of credit and you can have unsecured line of credit as much as 100k - depends on your relationship with your bank and whether you have other investment vehicles with them When you combine all the credit limits of both partners and line of credit - bam ----- Remember - the key word established. I have learnt that everything is strategy. I have also met people here that have lived here for 3 years without a credit history - they do not understand what other peoples money can do? They are afraid of credit card spending and interest.They just allow their savings of 20k lie in the bank for nothing I only buy what I want to buy - no temptation can catch me as far as I know the purpose for me having credit - chikena. Except you have a credit history Bank no send you!. |
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pangolo
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Nairalanders!! I am unveiling a secret member who has been responsible for all the secret stock movement we have been complaining about. Take a look at this . This man has POCKETS  |
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yodiyokun (f)
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Nairalanders!! I am unveiling a secret member who has been responsible for all the secret stock movement we have been complaining about. Take a look at this . This man has POCKETS Seriously - the man just installed VSAT na yam- I beg leave tory ojare. But this NSE sha don make billionaires - my time is coming who no know go know |
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barge (m)
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For me charts give me headaches, I have always been a student of the 'common sense' approach to investing, and trading, I don't want to make the type of issue I had while arguing in a thread in stockmarketnigeriam
.Com, called investing vs trading. And please
don't give me a loan to trade stocks even without charging me interest, I am better making mistakes and learning from it all with my own cash.
i imagine you have a low risk appetite but like WW wrote it is VERY REWARDING. I only started investing from last december but i read Other Peoples Money by one of Robert Kiyosaki's advisor and that did it for me. It is simply INCREDIBLE the multiplier effect that leverage has. I started using leverage lately and the reward is Huge .Right now i source capital continiously to invest. At the moment am a highly funded investor . Your cash is got a limit , but OPM IS LIMITLESS. |
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yodiyokun (f)
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@fatherof 2
Please whats your email - I have an issue to discuss brother to sister?? and no I don't have N285 to borrow you.
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pumping777 (m)
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Cool it down ooo!!.
I did not say 1 bank - did I? Remember when you are married and both are working is another ball game from single person ooo.
An average person I have met since my short time here has as many as 3-5 credit cards
at least 1 amex, 1 mastercard and 1 Visa.
Then there is line of credit and you can have unsecured line of credit as much as 100k - depends on your relationship with your bank and whether you have other investment vehicles with them
When you combine all the credit limits of both partners and line of credit - bam -----
Remember - the key word established. I have learnt that everything is strategy.
I have also met people here that have lived here for 3 years without a credit history - they do not understand what other peoples money can do? They are afraid of credit card spending and interest.They just allow their savings of 20k lie in the bank for nothing
I only buy what I want to buy - no temptation can catch me as far as I know the purpose for me having credit - chikena.
Except you have a credit history Bank no send you!.
I've lived for fairly long periods (working for the same company for 8 years) in the UK, Ireland, Germany and now in the US and I have impeccable credit all over. In the UK alone, I have credit cards with total credit limits over £100K (2 cards alone make up almost £50K). If I combine the credit on the cards I have in these 4 locations, I'll be looking at over $500K. Do you expect me to cash this out and go stock trading in Nigeria??  What will happen to my credit here if this go wrong??? CCJ??? Bankruptcy?? My point is this. If you have $500K line of credit, please don't take it all. Maybe take 10%. Caution. Oyinbo credit is very much tied to time. If you payment is late by one day, na wahala. It is called irreparable damage. I'm just saying it is not as simple has you have put it. If you want to proceed this way, you have to device a better way of taking advantage of the credit system. In my own case, I sold one of my properties in Ireland (After 200% appreciation Ireland good o) and moved the funds to Naija this year. No headaches. No sweating. |
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barge (m)
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In fact you are very right but not about the deep pockets part
I use good PO/IPO opportunities to take care of my long term investing while I see how this momentum based trading goes. My limit remains that I won't buy a stock without good fundamentals. I don't care about any momentum then. It means I will miss out on some juicy opportunities but no problem. I need to preserve my funds.
You just expressed my use of Public offers. couldnt have put it better . |
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FatherOF2
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Nairalanders!! I am unveiling a secret member who has been responsible for all the secret stock movement we have been complaining about. Take a look at this . This man has POCKETS No oh my brother,no be me.Dem still dey around.LISTENING AND READING QUIETLY. The institutional investors really are the ones doing all the magic on the floor. |
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ckenneths (m)
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@barge, I don't relly have a low risk appetite as am ready to take loads of risks, but imagine what it could make investors do; a guy bought stocks with a margin facility, only to be forced to sell off to pay off the loan earlier than he wanted, reasons; he can't keep the position cause he has got to pay back.
Please let us not go into loans issue here, lets look at better stocks.
Does anyone think that NGC will give bonus next year? I sabi say heavy pockets full here but make una just tell me wetin una feel so that only me go buy am! I beg una.
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pumping777 (m)
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No oh my brother,no be me.Dem still dey around.LISTENING AND READING QUIETLY.
The institutional investors really are the ones doing all the magic on the floor.
Spot on but you follow join |
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yodiyokun (f)
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I've lived for fairly long periods (working for the same company for 8 years) in the UK, Ireland, Germany and now in the US and I have impeccable credit all over. In the UK alone, I have credit cards with total credit limits over £100K (2 cards alone make up almost £50K). If I combine the credit on the cards I have in these 4 locations, I'll be looking at over $500K. Do you expect me to cash this out and go stock trading in Nigeria?? What will happen to my credit here if this go wrong??? CCJ??? Bankruptcy?? My point is this. If you have $500K line of credit, please don't take it all. Maybe take 10%. Caution. Oyinbo credit is very much tied to time. If you payment is late by one day, na wahala. I'm just saying it is not as simple has you have put it. If you want to proceed this way, you have to device a better way of taking advantage of the credit system. In my own case, I sold one of my properties in Ireland (After 200% appreciation Ireland good o) and moved the funds to Naija this year. No headaches. No sweating. I agree with you - Because I said you have 500K credit available dosent mean you will use all on NSE - that na craze move - and may sure lead to bankruptcy. Not only that , your credit rating will suffer because thats 100% utilization. All I am saying is that you have it available - How on earth will an average joe in Nigeria have that kind of credit availability. Even if you utilize 20% in various investment vehicles including NSE - its still better than using only your salary. That is what I am saying - and there is no need to be scared to take credit at least overseas and then you use it responsibly. IF you were working for Mobil or shell in Naija for 8 years - could a bank give you a revolving credit for half a million dollars when them no craze. Even if you don't use it. If I was still in naija - I will not touch credit with a long pole. No stability. |
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yodiyokun (f)
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No oh my brother,no be me.Dem still dey around.LISTENING AND READING QUIETLY.
The institutional investors really are the ones doing all the magic on the floor.
I still dey await your lordship email |
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yodiyokun (f)
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@barge, I don't relly have a low risk appetite as am ready to take loads of risks, but imagine what it could make investors do; a guy bought stocks with a margin facility, only to be forced to sell off to pay off the loan earlier than he wanted, reasons; he can't keep the position cause he has got to pay back.
Please let us not go into loans issue here, lets look at better stocks.
Does anyone think that NGC will give bonus next year? I sabi say heavy pockets full here but make una just tell me wetin una feel so that only me go buy am! I beg una.
Leave @ckenneth - If I was back home too - I wont do it. While I was still back home, I had opprotunity for share loans for 7 years - I close my eyes to it staunchly. No shaking Within my 6 months stay in UK - I already has a credit card with a healthy limit. If I return to Naija now - I will maintain my credit abroad and close my eyes to naija credit facilities - chikena. |
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grabdaloot (m)
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@Naijadr
Please forwad the link to the website for the software you can load data on mannually. I have been scouring the web for ages but couldn't find one. all the free ones are tailor made for the US market and they auto load data. I even tried to purchase some online but to no avail all auto load data, The only one I found that all doesn't is the tradestation but omo that one cost $3k USD because it has the complete suit for remote trading wetin I need am for, pumping feelers na say you get very deep pocket so you fit invest in am. I no mind share cost for bootleg copy this na Nigeria!!!
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yodiyokun (f)
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Does anyone think that NGC will give bonus next year? I sabi say heavy pockets full here but make una just tell me wetin una feel so that only me go buy am! I beg una.
Na @Wanaj0 get NGC logo - unfortunately he is on break currently praying for us - I hope |
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barge (m)
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@barge, I don't relly have a low risk appetite as am ready to take loads of risks, but imagine what it could make investors do; a guy bought stocks with a margin facility, only to be forced to sell off to pay off the loan earlier than he wanted, reasons; he can't keep the position cause he has got to pay back,
@please stick to what you are comfortable with. The terms of the facility is important . I prefer term loans with quaterly interest payments . Futher the gains generated from trading takes care of interest payments. I estimate that abnormal profits will possble for the next 3 years when most of the inefficiencies of the NSE will probabaly be non existent. In the meantime , we have to enjoy the ride while it lasts. A good example of leverage is the BAGCO results, ROE was 140% in 2006 due to the use of leverage while it dropped to 58% in 2007 when less leverage was used.Stick to your strategy as long as it keeps working. |
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ckenneths (m)
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Okay, so you people think those in naija never likes to také loans, okay If you people annoy me here, I will just walk into my bank tomorrow and také out a N10 mil loan and load it all into UBA! Abi it wont cause a scsrcity on the floor?
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yodiyokun (f)
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@ckenneth, I have issued my buy order for UBA anticipating your move - lol I understand your position and I respect it o. Meanwhile BabaIbeji If I offend you no vex - give us your email - If you no wan give me - tell me jare - I no dey for sme sme. take time ooo!!!! |
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FatherOF2
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I still dey await your email
I no get nairaland e-mail oh. if i send you my normal e-mail, MAMAOF2 go see am and she go think say na TOASTING mail. katakata fit burst oh. |
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yodiyokun (f)
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I no get nairaland e-mail oh. if i send you my normal e-mail, MAMAOF2 go see am and she go think say na TOASTING mail.
katakata fit burst oh.
you be yeye man Is there a way to PM on here- I can PM you |
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oshkosh (m)
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I have used considerable credit in both the UK and US, but have found the Nigerian credit more appealing, because it makes me sleep better at night, high interest rates notwithstanding. Anywhere I invest, I try to keep the asset/liabilities as local as posible to avoid risk cross-overs.
Take a simple scanario. Managed to invest 18M of credit in Access bank 2-3 weeks ago. Sold 1 week later with a 1M profit. Bought it back at N3.3 less few days later. Now approx 5% growth. Do I care if I'm paying 1% to the bank? Not really. At least no-one is asking for a £800 monthly charge for credit on credit card in the UK. Many of these opportunities abound in the NSE. The Nigerian market is a growth market. As long as the stocks selected are of fundamentally sound companies, worst that can happen is that it'll take a little longer to materialize if an expected pattern unravels.
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yodiyokun (f)
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I have used considerable credit in both the UK and US, but have found the Nigerian credit more appealing, because it makes me sleep better at night, high interest rates notwithstanding. Anywhere I invest, I try to keep the asset/liabilities as local as posible to avoid risk cross-overs.
Take a simple scanario. Managed to invest 18M of credit in Access bank 2-3 weeks ago. Sold 1 week later with a 1M profit. Bought it back at N3.3 less few days later. Now approx 5% growth. Do I care if I'm paying 1% to the bank? Not really. At least no-one is asking for a £800 monthly charge for credit on credit card in the UK. Many of these opportunities abound in the NSE. The Nigerian market is a growth market. As long as the stocks selected are of fundamentally sound companies, worst that can happen is that it'll take a little longer to materialize if an expected pattern unravels.
Which Bank they collect 1% oo make I hear? abi we are talking about different facilities. There are credit cards with 0% apr for 18 months and there deals for 2% or 3% for life no matter your limit on the credit card. The good deals are not publicized much but thank God for financial forums like these. But sha currency risk dey -- however from UK na that shouldnt be an issue Mama Charley currency does not drop against the naira. |
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grabdaloot (m)
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to pumping,
about your question if you should cash out that kind of money to go trading in Nigeria. You could make a kill and on the other hand you could end up in a pyscratic ward. Volumes moves the market take a stock for AGLEVENT the highest trade this year is on a single day is 1.7m units the lower limit of its intrinsic value is N6.50 while the upper is about N9 but it is all dependent on the performance of the company now knowing this you decide to place an order for about 100m units what do you think will happen. You would have tilted the market. The wise ones acquire over a period of time and then place this kind of order on daily basis mopping up the excess. Then when band-wagon effect has caught on they offload the ones the had bought earlier. This ploy was used on AFROIL, IPWA etc and believe me boys have cleaned out. If you want to do legitimat trading with that kind of money, I would think that only the banking sector can afford to move volumes without raising much of an eyebrow anyway let me not bore you guys too much
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pumping777 (m)
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I have used considerable credit in both the UK and US, but have found the Nigerian credit more appealing, because it makes me sleep better at night, high interest rates notwithstanding. Anywhere I invest, I try to keep the asset/liabilities as local as posible to avoid risk cross-overs.
Take a simple scanario. Managed to invest 18M of credit in Access bank 2-3 weeks ago. Sold 1 week later with a 1M profit. Bought it back at N3.3 less few days later. Now approx 5% growth. Do I care if I'm paying 1% to the bank? Not really. At least no-one is asking for a £800 monthly charge for credit on credit card in the UK. Many of these opportunities abound in the NSE. The Nigerian market is a growth market. As long as the stocks selected are of fundamentally sound companies, worst that can happen is that it'll take a little longer to materialize if an expected pattern unravels.
Chei. Na you dey move the stock I'm with you here sha. Credit never dey spoil for Naija to the extent that it is irreparable. No CCJ ke. |
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yodiyokun (f)
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to pumping,
about your question if you should cash out that kind of money to go trading in Nigeria. You could make a kill and on the other hand you could end up in a pyscratic ward. Volumes moves the market take a stock for AGLEVENT the highest trade this year is on a single day is 1.7m units the lower limit of its intrinsic value is N6.50 while the upper is about N9 but it is all dependent on the performance of the company now knowing this you decide to place an order for about 100m units what do you think will happen. You would have tilted the market. The wise ones acquire over a period of time and then place this kind of order on daily basis mopping up the excess. Then when band-wagon effect has caught on they offload the ones the had bought earlier. This ploy was used on AFROIL, IPWA etc and believe me boys have cleaned out. If you want to do legitimat trading with that kind of money, I would think that only the banking sector can afford to move volumes without raising much of an eyebrow anyway let me not bore you guys too much
This is why your name is grabdaloot |
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pumping777 (m)
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to pumping,
about your question if you should cash out that kind of money to go trading in Nigeria. You could make a kill and on the other hand you could end up in a pyscratic ward. Volumes moves the market take a stock for AGLEVENT the highest trade this year is on a single day is 1.7m units the lower limit of its intrinsic value is N6.50 while the upper is about N9 but it is all dependent on the performance of the company now knowing this you decide to place an order for about 100m units what do you think will happen. You would have tilted the market. The wise ones acquire over a period of time and then place this kind of order on daily basis mopping up the excess. Then when band-wagon effect has caught on they offload the ones the had bought earlier. This ploy was used on AFROIL, IPWA etc and believe me boys have cleaned out. If you want to do legitimat trading with that kind of money, I would think that only the banking sector can afford to move volumes without raising much of an eyebrow anyway let me not bore you guys too much
I definitely like this technique. One can always still make a kill even if the volume is low. No need overheating the market by trying to offload a large volume of an illiquid stock. |
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FatherOF2
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I have used considerable credit in both the UK and US, but have found the Nigerian credit more appealing, because it makes me sleep better at night, high interest rates notwithstanding. Anywhere I invest, I try to keep the asset/liabilities as local as posible to avoid risk cross-overs.
Take a simple scanario. Managed to invest 18M of credit in Access bank 2-3 weeks ago. Sold 1 week later with a 1M profit. Bought it back at N3.3 less few days later. Now approx 5% growth. Do I care if I'm paying 1% to the bank? Not really. At least no-one is asking for a £800 monthly charge for credit on credit card in the UK. Many of these opportunities abound in the NSE. The Nigerian market is a growth market. As long as the stocks selected are of fundamentally sound companies, worst that can happen is that it'll take a little longer to materialize if an expected pattern unravels. Very correct there. NSE is a weekly goldmine. |
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FatherOF2
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Long termers dey watch you quietly oh.Dem go soon attack you oh. But just know say i carry gun for your side in case you need defence. |
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