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Stats: 2,759,180 members, 6,559,509 topics. Date: Wednesday, 27 October 2021 at 09:47 PM
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:07am On Oct 24|
I stumbled across this website that provides summary of financial statements for US listed companies going back years: https://roic.ai/. Quite useful for identifying important metrics like return on invested capital, free cashflow/earnings per share.
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|Politics / Re: FG Spent N1.25trn On Debt Service In 5 Months by 4Play(m): 10:44am On Oct 23|
The FG's debt in 2015 was primarily local currency (naira) debt. If I borrow N160bn in 2014 ($1bn) and another N160bn ($390m) today, I have doubled my debt and you can't mask this by converting the debt burden to a foreign currency.
You are effectively implying that the FG is managing the debt burden appropriately by hiding under Nigeria's currency collapse. Perhaps, if the Naira collapses to N1m to $1, we should pat the government on its back for "reducing" the debt.
|Politics / Re: I Was Part Of This History! Congratulations To Muhammadu Buhari by 4Play(m): 8:22am On Oct 19|
The sentiments expressed here, common in 2015, speaks to the grotesque stupidity of my fellow Nigerians.
|Politics / Re: Video Of Unknown Gunmen's Attack In Ezeiweka, Onitsha by 4Play(m): 9:04am On Sep 20|
You have forgotten when Boko Haram was popular with some Northerners:
|Politics / Re: IPOB: The Taliban Of Igbo Land By Vanguard Newspapers by 4Play(m): 9:59am On Sep 18|
IPOB won't go away even if Biafra is realised. Those men will insist on enjoying the spoils of victory having been emboldened further.
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|Politics / Re: Sit At Home Deceit. See The Losers. by 4Play(m): 12:54pm On Sep 14|
I was just going to ask this. Many businesses won't make it back as you can't consume the same thing the next day. If it was that simple, we might as well make the work week 3 or 4 days and sit at home longer not just in Biafra but across the world.
If you hated Igbos and wanted to inflict harm on them, these sit at home measures is a good way to do it.
|Politics / Re: 6 IGBOS THAT IPOB GANG KILLED IN THEIR FORCED SIT-AT-HOME TERRORISM by 4Play(m): 7:37pm On Sep 09|
This your "reasoning" reminds of the GEJ era when some Northerners and Yorubas tried to blame Boko Haram killings on GEJ or Igbos. Do you remember the stories about how Gen. Ihejirika was the sponsor of Boko Haram that Sowore used to run in Sahara Reporters or Gov. Nyako of Adamawa's claim that Igbos were behind Boko Haram? This was partly because some folks just didn't want to believe that their religious/ethnic bedfellows were responsible for such evil and chose to go down the rabbit hole of conspiracy tales rather than confront unpalatable truths.
Deep down, most of us Nigerians are the same. Ever prepared to excuse/downplay evil perpetrated by our kin with mental acrobatics. IPOB has been in existence for years and it's only now the DSS chose to kill people on sit at home days. You must imagine you are a high level thinker.
|Politics / Re: 'Are You Truly A Yoruba Man?' - Man Knocks Seun Osewa Over VAT by 4Play(m): 8:55am On Sep 09|
A lot of Nigerians seem to reason that your ethnic group should determine how you see things.
You see this with IPOB supporters who insist that all Igbos should be pro-IPOB, must support their poverty-maximising weekly sit at home strikes, and must speak only good of Nnamdi Kanu.
The idea that each person has their own mind is alien to a lot of people who demand a sheepish unity of opinions.
18 Likes 1 Share
|Crime / 20 Armed Robbers In Brazil With Drones & Bombs by 4Play(m): 2:35pm On Aug 30|
Bank robbers strapped civilian hostages to the outside of their cars as human shields during a huge raid in Brazil that saw at least three people killed.
|Health / Re: Nigerian Doctors: We Shed Tears Of Joy After Receiving First Pay In Saudi Arabia by 4Play(m): 9:54am On Aug 29|
What about soldiers and police officers who are being asked to risk their lives to protect others? Is their pay sufficient? Nurses, prison officers, civil servants in general? Not to mention the millions of youth who don't even have employment. Pensioners who don't get their pensions.
That's before you talk of the abject lack of infrastructure: good roads, lack of pipe-borne water, electricity, etc.
That's why simply focusing on the claim that doctors are paid poorly in Nigeria is annoying. Everyone is underserved by the Nigerian government apart from criminals/terrorists and politicians.
|Health / Re: Nigerian Doctors: We Shed Tears Of Joy After Receiving First Pay In Saudi Arabia by 4Play(m): 9:48am On Aug 29|
When have doctors, or indeed any of our public sector unions like ASUU, actually gone on strike where the primary reason was for anything not related to their pay? Sometimes, they tag along other issues in their public demands so they don't look too selfish but strikes are primarily about pay even as the public infrastructure around them is collapsing.
In many respects, Nigeria's leaders reflect the mindset of the Nigerian people in that we are primarily concerned with personal wealth/finance at the expense of the public wellbeing. That's why you don't hear of union strikes to demand infrastructure investments or investigation/resignation of corrupt officials. Everyone is narrowly focused on boosting their bank balance. Strikes are effective in compelling government to change but Nigerian strikes are solely pay related.
|Health / Re: Nigerian Doctors: We Shed Tears Of Joy After Receiving First Pay In Saudi Arabia by 4Play(m): 9:38am On Aug 29|
Nigerians think good governance requires paying public sector wages for doctors or lecturers that compete with Saudi or UK wages.
Next to corruption, public sector wages bleed the country dry insidiously as only a tiny proportion of the population receive it but it takes up a huge chunk of government spending whilst public infrastructure is left unattended unless we get one of those Chinese loans.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:45am On Aug 28|
The problem with stop losses is that you are eventually going to be worn down as you get stopped out of a position, buy another and watch your new position underperform the old one. Not to mention the transaction costs as you jump from one stock to another. Activity is often the enemy of outperformance in investing.
My view is that if you are investing in stocks, to get the best out of your hopefully diversified portfolio, you have to run the risk of huge drawdowns. Some of the best stock returns for me presently - Fortinet, Lam Research, Regeneron, Learning Technologies (UK) - went through big drawdowns but their business outlooks still looked okay so I held on. Usually and luckily for me, the multi-baggers (+100% returns) offset the laggards but you have to risk drawdowns, in a diversified portfolio, to get your multi-baggers. However, this assumes you know the ins and outs of the company you bought: this is what I got wrong with SelectQuote as I didn't factor in that their rapid revenue and earnings growth involved a bit of accounting gimmickery.
That's why I recommend index funds (I have almost half of my investing funds in indexes and it arguably should be a higher proportion) as it's difficult to acquire market-beating knowledge of these companies. It's difficult for professionals, never mind us retail investors.
But to get outperformance from stock picking, if you insist on picking stocks, you have to be prepared to ride out some gut-wrenching fluctuations as long as you are satisfied you are in the right company.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:53am On Aug 27|
Close to all time highs. And it's a recently IPOed stock so with a lot of existing shareholders taking advantage of the public listing to sell their shares. Too many alarm bells I didn't pay heed to.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 11:05pm On Aug 26|
I generally avoid using stop losses for any investments based on fundamentals. I prefer to sell only if I change my mind on the business's prospects or its valuation. With SelectQuote, after 2 sets of poor results including last night's, it's clear it will take a while, if at all, for their large staff recruitment drive to start feeding into higher profit margins.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 7:59pm On Aug 26|
Investing is hard: one of the stocks I invested in in May 2021 is down 70% from May. By far my worst ever stock investment.
This is SelectQuote who have been experiencing decelerating revenue and earnings growth and have negative cash flow. They also appear to book revenue before they have actually received it.
It's a salutary lesson that you need to know what you own as a shareholder if you are to pick stocks.
With diversification and as I own 12 stocks, the impact on the overall portfolio performance is moderated but it shows you still need very good insights into each business you are invested in.
|Jobs/Vacancies / Re: FG Blamed As Saudi Arabia Recruits Nigerian Doctors by 4Play(m): 12:27pm On Aug 25|
All these separatists have local and state governments staffed with their kinsmen failing woefully in providing good governance, yet they believe that it's other ethnicities in Nigeria, mainly Northerners who are primarily responsible for the abject situation in Nigeria.
The only real benefit of the separatists' movements is that it might motivate many amongst the Northern political elite to cede power to Southerners. Then you will suddenly have a waning in interest in secession in the South.
Make no mistake, Buhari is one of the most incompetent national leaders in the world today. But I think people are being naive if they assume division is a panacea for Nigeria's dire situation.
|Family / Re: Mexican Mum Horrified, Spotting Ghostly Figure Pushing Daughter Down Slide(Pix) by 4Play(m): 12:48pm On Aug 24|
This is the Mexican evil spirit often known as Adobe Photoshop. Sometimes known as Clickbait or Fake News.
7 Likes 1 Share
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 8:25pm On Aug 18|
The most frustrating is the multiple exchange rates which is simply an avenue for them to profit from arbitrage by buying dollars at official rates and selling at market rates.
Having instituted a policy framework to facilitate their thievery, they then set about frustrating entrepreneurs in particular and Nigerians in general all in a bid to ensure a constant stream of loot.
It's just cruelty and greed masquerading as legitimate exchange rate management.
A lot of them are also aging dinosaurs, so they don't appreciate these fintech ventures and want to curtail them in order to ensure they alone get to decide who gets scarce foreign exchange.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:56pm On Aug 17|
The thread "died" when the YOLO stocks peaked in February/March 2021. It was very predictable that the buzz/excitement won't last.....selecting individual stocks that outperform is more difficult than many people like to believe.
Now the CBN appears to have delivered another blow. It appears the government's specialty is maximising hardship.
|Politics / Re: What's The Future Of Southern Nigeria If The North Falls To Terrorists by 4Play(m): 10:24am On Aug 16|
Islamists are defeatable, Afghanistan has a unique history of being hard to conquer.
Think of Chechnya, Algeria, Xinjiang, etc. They all had Islamist insurgencies we hardly hear about.
Also remember that the US exercises restraint in the way it conducts warfare. The Taliban, alongside the civilian population, can be wiped out in seconds if the US were evil minded.
|Politics / Re: Modu Malaram: Why We're Surrendering To Nigerian Troops - Ex Boko Haram Fighter by 4Play(m): 7:43pm On Aug 10|
I think the addition of air assets- helicopters and planes - to the military's armoury is a game changer. You don't need soldiers who are super-motivated/highly patriotic to drop bombs from relatively high altitude.
It won't be enough to defeat Boko Haram but it will make a big difference. This is why the Taleban have taken to assassinating pilots in Afghanistan as it's the airforce that is the one unit of Afghan armed forces they struggle with. Let's hope our pilots are safe.
|Politics / Re: APC Suspends Suleiman Adamu (Yola) For Criticizing Buhari In Leaked Audio by 4Play(m): 7:38pm On Aug 10|
If you think of it, could our ancestors insult their Obas/Igwes/Emir? I don't think we have developed a culture of viewing leadership as public service. The idea that the President is a public servant is somewhat jarring to a tradition-bound culture that is accustomed to seeing leaders as beyond reproach. This is why the knee-jerk reaction is to intimidate, detain or punish critics.
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 7:33pm On Aug 10|
I find the China situation just too unpredictable for my liking. Markets are full of uncertainty in the first place, to add extra policy uncertainty from an erratic government was a bit too much for me.
But on a valuation basis alone, a lot of those China stocks are unbeatably appetising. You just have to have the stomach to hold through the slings and arrows, possibly on a multi-year basis, that has become a feature of the Chinese policy making landscape.
|Sports / Re: Emilio Ballack's Injuries Were So Severe, Those Who Treated Him Are In Trauma by 4Play(m): 8:40am On Aug 07|
If it was in Nigeria, they will take pictures of the gruesome body and post it online. People will start Nairaland threads with it and it will be posted to the front page with the label graphic!
45 Likes 3 Shares
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:30am On Aug 03|
If you are in the US or UK, you can buy the S&P500 index fund via Vanguard. It's the cheapest available.
If in Nigeria, I am not sure you can access Vanguard indexes but Trove and Chaka do have S&P500 ETF (SPY) or the Invesco QQQ Trust Series 1 ETF (QQQ) which track the S&P 500 and the NASDAQ 100 indexes respectively.
I hope this helps.
1 Like 1 Share
|Sports / Re: Tokyo2020 Basketball: Nigeria Lost To Australia 64-84 by 4Play(m): 1:38pm On Jul 25|
This reasoning doesn't make sense. How can other tribes be mocking if they're not even good enough to produce players for this team?
|Education / Re: 'Greedy' Nigerian Professors And Their Fat Salaries by 4Play(m): 3:46pm On Jul 24|
It's the reasoning that fuels the public sector wage bill so that the government relies on borrowing to pay wages. It's like a Kano Pillars player demanding wage increases and justifying it by comparison to Orlando Pirates or Real Madrid players.
In a country with little or no pipe-borne water, public healthcare, policing resources, electricity, etc, the middle class's primary concern, like the political class, is to be given our "share" of the predominantly petroleum-derived tax income.
The logic that because politicians steal, more money should be funnelled to lecturers is hopelessly flawed. Even if politicians stole zero from the public purse, there are clear spending needs in infrastructure, public health, security, debt repayments, etc that ought to be prioritized before wages come into the equation.
|Crime / Re: Jennifer Ugadu Murdered By Her Soldier Boyfriend (Disturbing Photos) by 4Play(m): 7:27pm On Jul 13|
It's strange how in the midst of all these daily tales of carnage committed by Nigerian men - Boko Haram, bandits, kidnappers, ritualists, etc. It's mainly when a woman commits a crime that analysis of gender comes to the fore with Nairalanders lining up to condemn women.
Stories like this are unfortunately a dime a dozen.
|Politics / Re: Something Doesn't Add Up About Kanu's Arrest by 4Play(m): 6:06pm On Jun 29|
That suggests that Diezani, the ex-petroleum minister, can be picked up from the UK if the government really wanted to.
|Politics / Re: You Will Cry For Nigeria After Seeing These Pics. by 4Play(m): 8:20pm On Jun 06|
The point isn't that a flexible rate will strengthen the naira, it wouldn't have, but that it reduces the distortions to the economy caused by fixed exchange rates.
The naira depreciation Buhari was trying to avoid happened anyway, but it was and is accompanied by destructive multiple exchange rates which allow privileged insiders like Dangote or Govt lackeys to access dollars at a cheaper fixed rate whilst selling it at the black market rate which rate most Nigerians had to rely on.
Fixed rates failed as they always do as they can't work without sufficient forex reserves. The exchange rates reflect key features of the economy (trade balance, export income, investment flows, forex reserves, etc), you can't address a symptom or byproduct of these features, which the exchange rate is, by government fiat.
2 Likes 2 Shares
|Investment / Re: Us Stocks Pick Alert by 4Play(m): 1:05pm On Jun 05|
I very much second this and I am particularly glad a lot of people recognise that a large portion of investing capital should be allocated to safer investments (like indexes). Yes, they are boring but boring is a key feature of good risk management and long term investment success. There is a saying by Howard Marks, a legendary investor with Oaktree Capital: "There are old investors, and there are bold investors, but there are no old bold investors".
If you only have $100 - $500 to play with and you can afford to lose it, then I can see why risky stocks/cryptos might make sense as a YOLO trade. But the larger your wealth is or if it's capital you can't afford to lose, the less chances you should take.
6 Likes 1 Share
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