₦airaland Forum

Willie2015:
It is difficult to win a war with PBC and President Jinping on the other side....
Regulatory concerns will continue to overshadow fundamentals....
Which will limit institutional buyers....
Even in the next 10 years...
D only Chinese stock in my portfolio is NIO....
Cos it is backed up by the Chinese Govt ....

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.

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!

MysTeerioz:
Please are there apps or reliable ways, we can access these directly?

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.

YorubarLord:
Don't mind the idiot, now that they fumbled and getting dragged by the same tribes they mock they want to use their favorite weapon. Victimhood

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?

thebosstrevor1:
Why do they like to compare their salaries to other countries.

That is how our house of rep and Senate were comparing their salaries with the United states government salaries, now they take home about 20% of the budget.

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.

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.

Guestlander:
"The UK is currently party to 28 Extradition Treaties (which span most of South America and include much of North Africa and the USA) and 42 MLATs (with jurisdictions as close as Ireland and Spain and as far afield as Malaysia, Hong Kong and Nigeria"

Na only gra gra una sabi. Just like Kanu, all brawns and no brains.

That suggests that Diezani, the ex-petroleum minister, can be picked up from the UK if the government really wanted to.

ibedun:
You have not made any critical point here about how Buhari ruined the economy! You are merely speculating on whether one approach (flexible x) is better than the other (fixed peg).
In 2014/15 the Nigerian people & government were hyper sensitive to the exchange rate and a new Buhari government chose the fixed rate purely for political reasons ( I.e. to defend the Naira and stop it from sliding into a toilet paper within a few months). Unfortunately 200 Buharis cannot stop the currency of Nigeria (an unproductive, highly populated, totally import dependent poor country) from weakening. The Buhari government tried to avoid the political storm that would follow a rapid Naira depreciation hence they opted for the fixed rate to slow things down in the hope that oil price could recover before Naira hits the floor.
As long as Nigeria remains unproductive and it’s people continue with their mad desire for imported goods, Naira will forever remain a weak and worthless currency. Regardless of who is in power!

The people of Nigeria need a lot of reorientation. The alternative is to remain poor forever. And surely we should enforce a 2 children per family population control laws.

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.

Kennyking1234:
- First read, read, read... read books on investments, finance, study the lives of rich people, study their portfolios, do your personal research and due diligence before investing.
-know what you want and how feasible it is, also time frame.
- Dedicate about 40% or 50% of the capital to safe investment/ indexes/ETFs such as the s&p 500, Russel 3000, DOW 30, Invesco QQQ etc ( I think s$p 500 is the best)
-have about 10 % in cash just in case.
- look into some dividend stocks. e.g APPLE, AT&T
- 20% to 30% can go to growth stocks such amazon, apple, alibaba etc
- invest in different sectors tech, medicine, mining, sports etc
- 5% to 10% to emerging markets ETFs/indexes such as china, brazil, Africa, even Nigeria etc
- 5% to 10% to speculate on volatile equities such as cryptos, $tesla shares, penny stocks.
- long term bonds might also be included.
- Long is usually the best strategy but always have an exit plan in case.


NB: NOT a financial advise just my personal opinion,
incase you need some investment books(pdf) dm

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.

Godszilla:
Am sorry if American collectively disrespect their president it's their choice not a standard.
What they did is wrong pls don't allow your dislike or hatred cloud our judgement.

You have the traditional "African" mentality that dates back to the pre-colonial era of seeing our leaders as ennobled beings sitting on their thrones and entitled to respect, like our traditional kings/monarchs/rulers.

A president in the 21st century is a public servant, or at least ought to be, and the utterances of a public servant should not be inflammatory or be capable of being interpreted as promoting genocide/human rights violation.

To suggest that the Americans should become more like us in the standards they hold their presidency to is profoundly ignorant. If you want to apply ancient African standards, then remove all the vestiges of Western-style governance - stop calling the head of state "president" and choose a title like Emir or Sarduana, abolish the constitution and stop holding elections. That way we know we have a traditional king who deserves to be "respected" by all and sundry and who can say what he wants in any medium.

seunmsg:
It is a serious aberration. Sadly, people are only looking at it from the prism of their hatred for Buhari. Censoring the speech of an elected president in another country should never be allowed.

Twitter censored Trump's tweets whilst he was President....the most powerful political office in the world. There was no talk of the US government banning Twitter as a result.

The Nigerian government hasn't even investigated or detained Miyetti Allah members for incendiary statements, it's a social media platform they are tackling.

Willie2015:
No investor is infallible..
Includin Cathie Wood ...and Warren Buffet...

I often find that it's not always worthwhile looking at what stocks famous investors are buying as their investment timeframe may be different to mine (they may be looking to hold for +5 years) and for different reasons (to rebalance their portfolio for instance).

Lexusgs430:
When I said EV, my reference was not Tesla specific. But present EV manufacturers and future manufacturers.....

I know what you mean. I was looking at Tesla but it seems a lot of the oldies are chasing that EV market relentlessly...GM, Volkswagen, Ford etc. An ETF that follows EV companies might be a good way to play it. I am looking at doing same for the biotech sector.

Lexusgs430:
Once the real world only sells EV vehicles, you might have a change of thought process.... The real world is almost achieving that possibility.....

I have said this before on this thread, that an industry will boom in the future doesn't mean that the leading companies in that sector at the beginning will boom. Think of smartphones and BlackBerry or Motorola in the beginning....BlackBerry was massive when smartphones began emerging but it still proved a dud investment as Apple and Samsung overtook it.

Social networking is big now but nobody remembers Hi-5 or Myspace who were big before Facebook.

Think also of Yahoo in the early internet days.

Don't equate a sector/industry's potential with the individual companies' potential. You still have to scrutinise each stock's value to see if you are overpaying, otherwise you could be stuck with a dud investment.

Lexusgs430:
It's a subjective question.... If you are buying, with a view of long term investment. $573.98, to others is right, whilst others would wait.......

Pay what you are comfortable with, at the present times..... Shares would always rise and fall.....

In 2010, Tesla shares sold for $3.84....... To some investors at the time, it was too high.......

It's good to be mindful of valuation though when buying shares. The reason why a lot of those high flying names from last year collapsed this year is that investors think the stock prices are too high relative to earnings (if any) these businesses are producing or are likely to produce in the foreseeable future.

Apple has a PE ratio of 29, Tesla 594. Even with Tesla's fast revenue growth, that's a steep price to pay for growth.

2020 was one of the easiest years in investing and many assumed stock picking is easy. I always advised that it's extremely difficult for an investor to beat the indexes over a long timeframe. Trust me, I have been trying! Lots of people were peeved when I said investors should park most, if not all, of their investing capital in "boring" indexes/funds. We had some lively debates

ngadaAwo:
nonsense!
I see no reason why UGM will be after vigilantees

Fulanian army playing dirty games..
if hoodlums can be conveyed with a prado jeep to cause commotion during endsars then anything is possible by these useless government

You are assuming that a group that invests a lot of effort emptying prison cells and releasing hardened criminals into the general public is composed entirely of people with the best of intentions. Quite often, in violent rebellions, it's often criminal elements that dominate.

This isn't like the Biafra rebellion of the 1960s led by Ojukwu, an Oxford educated military man. The Biafra rebellion of the 21st century is more likely to be led by your local gangster than the more refined demographic of the Igbo population.

When they are done attacking the police, they will start preying on ordinary people.

afroxyz:
Market red, people take off. I guess they were just waiting for trading signals and stock tips.

It's funny, because it's when the market is red that people should be more interested!

But overall market isn't red so if your portfolio is red, it's because of excess concentration in high-risk over valued companies.

There is no moral equivalence between attempting to expose a child molester's actions and child molestation.

Nigeria is a country where people instinctively take the side of the accused man whenever a sexual offence is alleged.

Before the video came out, the many defenders of Baba Ijesha insisted on evidence, particularly video evidence, before they could change their stance. When evidence emerged, they began arguing that the way in which the evidence was obtained was the real immoral conduct. Many Nigerians will plumb new depths in their quest to minimize sexual misconduct.

You have to ask what sort of evidence would satisfy these people. Do they expect that sexual offence usually occurs in full public view where evidence would be easily gathered? It's obvious that their real gripe is the suggestion that a man's sexual urges ought to be constrained by the preferences of a fully consenting adult.

Jonathan is also culpable for Nigeria's security and economic situation. The only thing you can say in his defence is that he is the lesser of 2 evils.

Boko Haram, bandits and Fulani herdsman were running amok during his tenure.

neyohh:
So what's your solution?

Development is a slow and steady process, there are no shortcuts.

Tackling corruption, infrastructure (transport, electricity, communication), security challenges, reducing government intervention in currency and businesses like running ports and refineries, etc.

These are the sorts of things Nigeria ought to concentrate on. Printing money in the mistaken belief that you are in the same position as the US, the EU, Japan is counterproductive as proved during the military era.

It's depressing to see how uninformed some Nigerians can be in their bid to justify the indefensible.

Nigeria cannot afford to print money like developed economies because Nigeria's currency does not command the same respect/value as the dollar, euro, yen, sterling, etc. No one outside Nigeria, unless out of necessity, wishes to be paid in naira and arguably many Nigerians would prefer to hold forex like dollars or euro. We have seen our currency fall in value from $1 to 1 naira to $1 to 460 naira. In such an environment, printing more naira will cause the naira to depreciate further increasing inflation (look at the stories about the rising cost of goods).

It's in recognition of the damage to confidence that money printing can cause that prompted the finance minister to deny the claims.

If money printing was the panacea to our problems, we would easily solve poverty. The alarming thing is that money printing was normal during military rule (which is when the naira lost most of its value) but it doesn't seem to have dawned on many Nigerians that it was an abject failure and one of the reasons Nigeria is impoverished today.

Kennyking1234:
Actaully now is the best time to invest, as "you said for the long term".

It depends what you're buying for the long term. The overall market is expensively priced if you use metrics like the price-earnings ratio so not much bargains out there.

If I had to buy US stocks for the long term but which come with high risks, I will buy the likes of Gravity Co (GRVY), NMI Holdings (NMI), Freedom Holdings (FRHC), Zynex (ZYXI), Eagle Bancorp Montana (EBMT), SelectQuote (SLQT) and Regeneron (REGN).

By long-term, I mean buy and hold for 3 to 5 years. Because, the overall market is expensive, prepare for huge drawdowns in the short-term. But in my view, the companies I mention represent good value (lowish price-earnings ratios) and high growth in earnings and revenues.

ElectronicMoney:
I don't agree with your number 1

For me, it depends on why a person might average down. If one buys a stock with a blind hope that it goes up and sees the stock fall significantly, averaging down seems counterproductive as the initial trade/investment was not based on any informational edge.

If you have done diligent analysis and made the initial trade based on information/knowledge arising from your this analysis, then averaging down makes sense. If you thought Tesla was good value at $900, you would think $600 is even better value.

For most people here who seem to be chasing momentum stocks (high flying stocks) to make a quick buck, I would caution against averaging down.

Education, like most things in life, doesn't guarantee material success but it improves your chances. If being uneducated/under-educated was a good thing, the average Northerner would have better living standards than the Southerner.

Nigerians sometimes over indulge in credentialism, but that is the least of our problems.

As for those touting Elin Musk as an example of a success without degrees, a simple Google search would show he is overeducated up to the point of getting into a PhD programme. Yes, he didn't finish his PhD but that is because he had a compelling and lucrative alternative career route to pursue.

RabbiDoracle:
When I say things, just jot them down and revisit it. Gamestop is going to $2.

I will not hang around here for so long. I'm just a messenger passing my message so that foreign equity investors will not lose money.

Developed markets will fall, others will follow due to contagion effect. Ultimately, emerging markets will re-emerge.

This guy was bashing Gamestop when it was $7. SeekingAlpha contributors called for an impending short squeeze in Gamestop back in August

https://seekingalpha.com/article/4370860-gamestop-short-squeeze

Unfortunately, SeekingAlpha is now behind a paywall but you can get 5 free articles per month.

Bumiite:
Chai...I com shursh late. Why I no com elders meeting yesterday?

+234%

The stock opened yesterday at $22.51 so if you bought around the open, in response to the post, you will be sitting on a loss by close as it closed at $18.00.

Still looks good based on pre-market trading.

The idea that Nigerians are corrupt because of poverty is naive. Corruption is a way of life that results from lack of accountability.

Since 1999, government workers have received significant salary increases - lecturers, soldiers, police, customs, etc. It hasn't made them less corrupt. During Yar'Adua/GEJ's govt, wages more than tripled with minimum wages going from N5k to N18k. There was no reduction in corruption as a result.

Instead, salary increases lead to "lifestye creep". The higher someone's income is, the higher their taste for expensive things. Think of the SARS officers that march people to ATMs, they're likely better paid than regular police officers who ask you for N100. Increasing wages without accountability/repercussions for corruption is a recipe for producing even more extortionate police officers. This is why your National Assemby legislators are never satisfied, the more they receive and get away with the more they demand. If possible, we will get to a point where senators demand private jets.

Leezah:
Good morning OakPearl

I have read from page 1 to this current page. I don't understand the NSE so I decided to join US stock market because divided are paid quarterly or monthly.

I have downloaded the trove app , done KYC.

Please I just have =N=10,000 to invest

What stocks are good to buy?
Should I grow my money or invest in dividend paying stock?

Thank you for your anticipated response.

I am not sure buying through Trove will give you access to dividends. Chaka will definitely.

If he said all that, it should be enough for the London Metropolitan police to investigate for incitement to violence/encouraging the commission of a crime or something along those lines.

handsomebolanle:
Lols...only If you know how this stock has suffered many... At a point I had take my loss by selling half of the units I had... Even with the rise today, I'm still drowning at a loss...I just won forget the stock...I'm doing better on NSE wahlai

Avoid or reduce exposure to highly volatile stocks. There is a stock market saying, "there are old investors, and there are bold investors, but there are no old bold investors."

You can make a killing on volatile stocks sometimes but you won't be able to sustain it in the long run. If you have to invest in stocks, invest in large cap less volatile and high quality names. Yes, prices appreciate slower but you get a more sustained appreciation than all these "schizophrenic" volatile stocks that people on this thread love so much.

A note of caution about sharing information about our trading accounts and ensuring online security:

For just a few dollars, criminals are selling credentials for customers of E*Trade, Charles Schwab, TD Ameritrade, Robinhood and others, according to New York-based security firm Intsights. The demand has only increased during the pandemic, according to the firm's chief security officer Etay Maor.

"You have more people wanting to do more online from home, and on the other hand the attackers who are actively looking and seeking to take advantage of this situation," Maor told CNBC. "What you end up with is a lot of credentials, and a lot of information being bought and sold on the criminal underground."

The list of vulnerable accounts range from social media sites, to payments app Square, and trading start-up Robinhood. But Robinhood tends to fetch higher prices, according to multiple screenshots of the listings seen by CNBC.

"They were on a higher price point which leads us to believe they were probably easier to get the credentials for and get in, or easier to cash out," Maor said.

Social media bait

Another reason Robinhood may be more valuable in the eyes of hackers is their clients' use of social media. By "trumpeting success" on Twitter and Reddit, they are likely putting targets on their backs, according to Richard Bird, chief customer information officer at Ping Identity. The online bait creates "exactly the kind of environment that hackers love."

https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html