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Crime / Re: Jennifer Ugadu Murdered By Her Soldier Boyfriend (Disturbing Photos) by 4Play(m): 7:27pm On Jul 13, 2021 |
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. 2 Likes |
Politics / Re: Something Doesn't Add Up About Kanu's Arrest by 4Play(m): 6:06pm On Jun 29, 2021 |
Guestlander: That suggests that Diezani, the ex-petroleum minister, can be picked up from the UK if the government really wanted to. 2 Likes |
Politics / Re: You Will Cry For Nigeria After Seeing These Pics. by 4Play(m): 8:20pm On Jun 06, 2021 |
ibedun: 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. 3 Likes 2 Shares |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 1:05pm On Jun 05, 2021 |
Kennyking1234: 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. 7 Likes 2 Shares |
Politics / Re: Twitter Suspension: Bruno Maçães Reacts 'This Seems Like A Reasonable Decision' by 4Play(m): 12:22pm On Jun 05, 2021 |
Godszilla: 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. 1 Like |
Politics / Re: Twitter Suspension: Bruno Maçães Reacts 'This Seems Like A Reasonable Decision' by 4Play(m): 9:24am On Jun 05, 2021 |
seunmsg: 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. 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 11:33pm On May 23, 2021 |
Willie2015: 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). 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:01am On May 15, 2021 |
Lexusgs430: 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. |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 11:12pm On May 14, 2021 |
Lexusgs430: 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. 9 Likes 2 Shares |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:14pm On May 14, 2021 |
Lexusgs430: 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. 3 Likes 1 Share |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:34pm On May 11, 2021 |
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 3 Likes 1 Share |
Politics / Re: Ozubulu Vigilante Office In Anambra Burnt, Five Shot Dead, Vehicles Burnt by 4Play(m): 8:25am On May 10, 2021 |
ngadaAwo: 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. 13 Likes 4 Shares |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 5:06pm On May 03, 2021 |
afroxyz: 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. 4 Likes |
Crime / Re: Yomi Fabiyi: CCTV Footage Of Baba Ijesha Abusing A Minor Disturbing by 4Play(m): 11:14am On May 03, 2021 |
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. 9 Likes 3 Shares |
Politics / Re: Throwback Post Of Jonathan When He Visited North East Over Insecurity by 4Play(m): 12:54pm On Apr 28, 2021 |
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. 24 Likes |
Politics / Re: Do Other Countries Print Money As Claimed By Emefiele? (Fact Check) by 4Play(m): 8:04am On Apr 18, 2021 |
neyohh: 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. 1 Like |
Politics / Re: Do Other Countries Print Money As Claimed By Emefiele? (Fact Check) by 4Play(m): 11:00pm On Apr 17, 2021 |
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. 4 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:41pm On Apr 13, 2021 |
Kennyking1234: 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. 4 Likes 2 Shares |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 7:15pm On Mar 18, 2021 |
ElectronicMoney: 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. 5 Likes |
Celebrities / Re: DJ Cuppy Gains Admission Into Oxford University For Masters (Photos, Video) by 4Play(m): 6:04pm On Mar 05, 2021 |
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. 4 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 6:34pm On Jan 25, 2021 |
RabbiDoracle: 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. 3 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 1:58pm On Nov 12, 2020 |
Bumiite: 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. |
Politics / Re: Sowore Reveals New Police Salary, Says No Policeman Should Earn Less Than N100k by 4Play(m): 3:40pm On Nov 08, 2020 |
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. 3 Likes 1 Share |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 2:37pm On Oct 26, 2020 |
Leezah: I am not sure buying through Trove will give you access to dividends. Chaka will definitely. 1 Like |
Politics / Re: Nnamdi Kanu Places 100 Million Naira Bounty On Nyesom Wikes Head by 4Play(m): 8:43am On Oct 26, 2020 |
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. 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 6:44pm On Oct 16, 2020 |
handsomebolanle: 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. 4 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:22am On Oct 15, 2020 |
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. https://www.cnbc.com/2020/10/14/brokerage-log-ins-for-sale-on-dark-web-robinhood-sees-highest-prices-.html 3 Likes |
Politics / Re: Falz: We Want SARS Completely Abolished, Not A Reform by 4Play(m): 7:29pm On Oct 08, 2020 |
Better to ask for tangible reforms. The government can abolish SARS and set up a new unit that is the same old SARS but with a different name. 10 Likes 1 Share |
Literature / Akwaeke Emezi, Transgender Author Rejects Award by 4Play(m): 2:32pm On Oct 05, 2020 |
Akwaeke Emezi, who became the first non-binary transgender author to be nominated for the Women’s prize in 2019, has said that they will not let their future novels be entered for the award after the prize asked them for information on their sex as defined “by law”. When Emezi made the running for the Women’s prize last year for their debut novel, Freshwater, judges said they were not aware of Emezi’s gender when reading submissions and described their longlisting as a “historic moment”. But on Monday, Emezi said their publisher, Faber, had asked them if they wanted their second novel, The Death of Vivek Oji, to be submitted for the prize this year. Following the life and untimely death of a protagonist who tells his friends that they can “refer to him as either she or he, that he was both”, The Death of Vivek Oji was praised in the Guardian for achieving “what good fiction does best: it is an antidote to invisibility”. https://www.theguardian.com/books/2020/oct/05/akwaeke-emezi-shuns-womens-prize-request-for-details-of-sex-as-defined-by-law
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Investment / Re: Us Stocks Pick Alert by 4Play(m): 5:48pm On Sep 29, 2020 |
Tobex4realTobex234: I hope this subscription doesn't involve paying money. You are better off reading this thread. If you need a different perspective, try www.seekingalpha.com. There is also www.street.com 5 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 11:13am On Sep 26, 2020 |
Priceless25: His comment and tone was a bit condescending but his central point - expect technical glitches anywhere - is correct. Yesterday, I had it with IG Markets, probably the UK's most popular and one of the most highly rated CFD brokers who happen to charge commissions at double the rate of some of its rivals. See a story below about the one we had in March in the middle of a highly volatile market: Clients of IG Group are reporting problems using its trading terminals. https://www.financemagnates.com/forex/clients-of-ig-group-suffer-system-wide-outage-broker-says-back-to-normal/ The Yanks have the same problem: Users of a number of popular trading platforms on Monday complained of downed systems, slowness and an inability to trade, coming as two of the two most prominent stocks were trading on a split-adjusted basis for the first time.https://www.marketwatch.com/story/popular-trading-platforms-td-ameritrade-robinhood-others-face-outages-as-tesla-and-apple-stocks-split-2020-08-31 You will eventually experience it at Trading 212 as well. Though I think the Naija fintech platforms are worse than I have experienced in the UK. They need to work on this. But if "order execution risk" might make you lose a painful amount of money, perhaps rethink your strategy. 1 Like |
Politics / Re: Rivers, Anambra, Ogun,lagos Lead In Fiscal Sustainability While 13 Go Insolvent by 4Play(m): 7:02am On Sep 25, 2020 |
The problem I keep highlighting is debt and high recurrent expenditure on salaries/pensions. States like Lagos took up dollar-denominated debt in the Fashola years. A loan of $1bn 10 years ago would have cost N155bn to pay the principal (not to mention interest costs) but is now N380bn (not sure what the official exchange rate is). This leaves little or nothing for successive governments to pay for capital expenditure: building/repairing roads and bridges. Tax revenues are swallowed up in paying for debt and salaries. 2 Likes |
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