4Play's Posts
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Topson88:Silentone sent you a good response. I like Simon Property Group (SPG) from his list. If you intend to hold for a few years, I will also recommend Medical Properties Trust (MPW) who lease out medical facilities like hospitals. Their dividend yield is circa 4.8%. Another good long-term hold is Digital Realty Trust (DLR) who lease out data centres. However, this has a high multiple (PE ratio) which is likely to contract in the current monetary policy environment. If you are looking for strong/steady companies that might withstand a bear market, you could also look beyond REITs for old "boring" stocks like General Mills (GIS) or Pepsi (PEP). They're not going to generate exciting growth numbers but they allow for capital preservation with some decent dividend yields. |
DubaiLandLord1:Nigerian economy expanded rapidly from 1999 up until 2015 and with it tax revenue. See attached PDF showing FG's non-oil tax revenue went up from circa N200bn in 1999 to N1.2 trillion in 2007. So as the governor of a state that was already the commercial capital of a rapidly growing Nigerian economy, he was bound to oversee fast rising tax revenues. He also had personal incentives to raise those revenues, which became a major source of his personal wealth, as he wasn't getting on with Abuja. It's not like as if he used those revenues to expand healthcare access or education access in a commensurate fashion. If Tinubu was merely a military governor of Lagos from 1992 to 1999, the story would have been entirely different as there would neither be the advantageous economic background or the personal incentive to raise tax revenues. Once again, I think this IGR focus is a red herring. The main point of taxes is to provide public services. Has there been much increase in public services in Lagos - water, roads, schools, hospitals, housing - since the much touted IGR increase?
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IgweOfNnewi:Example of what we are talking about. Unable to defend Buhari on his merits, he has to invoke the "Ibo" monster. Buhari is a bad choice for President and this judgement can be arrived at without excluding the judgement that Ojukwu made idiotic decisions. |
backbencher:This is like answering the question: why do Nigerians fall for things like MMM Mavrodi pyramid scheme or tithe-seeking prosperity preachers by answering that fraudsters/charlatans put in a lot of work in their deception campaigns. I have no doubt that inept politicians like Buhari put in a lot of hard work but I suspect they do so with the reasonable prospect that the Nigerian populace will choose them over a vastly more competent alternative. There are plenty of politically active Nigerians and Buhari and GEJ were not the only choices on the ballot in 2015 but like the Mavrodi investment scam, the incompetence is almost like a magnet for the populace. As for Trump, his personality played a role but at the very least his anti-immigration policies (as loathsome as they are) were his distinguishing factor and the source of his support in the GOP primaries. Policies work hand in hand with personality in the advanced democracies, in Nigeria they have almost zero significance. And when you highlight the reactions to sensible policy proposals like the removal of fuel subsidy you vindicate my point: Nigerian politics suffers from the failure of the educated class to get to grips with policy debates and the over reliance on personality to the exclusion of policy. We are both saying that Nigerians are to blame but I am emphasizing that it's not due to lack of participation in politics from good competent persons but a disinterest/ignorance of competence by the populace at large and over reliance on personality judgements often based on religious/ethnic sentiments. |
backbencher:I feel like you are missing the point. Why would a hopelessly inept person attract the support of a supposedly reasonable or educated populace? Of course, he put himself out there in the public's mind by campaigning and attempting to build a support base but why would anyone listening to him in say 2014 for instance think he knew how to improve this country? Ranting online is part of the democratic debate that shapes public thinking on the viability of a candidate for leadership so it isn't something to be dismissed as irrelevant. The problem is that the online ranting in the lead up to 2015 had a significant pro-Buhari leaning and it's hard to grasp now, as it was then, why the often educated online Buhari supporters thought he was a capable person. My diagnosis is that Nigerian politics is a personality-driven endeavor with little or no attention paid to policy making, the real source of change and development. People don't ask what each candidate will do differently, they instead make judgements about the type of person they like often drawing from their ethnic or religious biases. That's somewhat true of politics in any part of the world but it is even more so in Africa. |
yom2:Good investing is boring. If people park most of their money in index funds, they would do fine over the long run. Trying to pick individual stocks successfully over the long term is super hard as you never know what's going to be trendy and for how long. This thread was buzzing when all stocks were booming as we recovered from the pandemic. Now the stock market is somewhat normalised and people have moved on. |
jericco1:Men are responsible for most of the violence - e.g., unknown gun men, never unknown gun women. It doesn't mean that all men are violent, it just means violent killers are disproportionately men. |
Every riff raff in Igbo land will don a red beret, grab an AK 47 and go extort money from businesses in the name of liberating Igbos. |
These statutory provisions have to be interpreted restrictively otherwise you violate the speaker's freedom of speech constitutional rights. Any range of speeches can be creatively interpreted as causing likely breach of peace: criticise Nnamdi Kanu or Buhari and you could be arrested for the potential breach of peace due to the provocation of Kanu/Buhari supporters. Criticise Chelsea, Man Utd or Arsenal in a viewing centre, for instance, and you may be accused of breaching the peace by annoying their fans. You see where this leads? |
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. |
Ovamboland: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. |
socialmediaman:The sentiments expressed here, common in 2015, speaks to the grotesque stupidity of my fellow Nigerians. |
Nigeriadondie:You have forgotten when Boko Haram was popular with some Northerners:
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Truthissupreme:IPOB won't go away even if Biafra is realised. Those men will insist on enjoying the spoils of victory having been emboldened further. |
Nwadiuto247: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. |
sapientia: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. |
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. |
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.https://www.dailymail.co.uk/news/article-9939587/Hostages-strapped-cars-huge-bank-robbery-Aracatuba-Brazil.html |
Modrov: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. |
deltateam: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. |
Doyin2: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. |
Willie2015: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. |
Kennyking1234: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. |
Kennyking1234: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. |
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. |
Solatium: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. |
This is the Mexican evil spirit often known as Adobe Photoshop. Sometimes known as Clickbait or Fake News. |
afroxyz: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. |
Kennyking1234: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. |
tensazangetsu20: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. |
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. |
Pierocash: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. |
