₦airaland Forum

KarlTom:
One seemingly harmless question, two divergent responses.

This is an example of the impact sentiments and resentment has on our comments & responses.

Let us do better...

Right! They don't want you to ask questions, just bring your money and invest lol

yMcy56:
https://doclib.ngxgroup.com/Financial_NewsDocs/42185_LASACO_ASSURANCE_PLC.-_QUARTER_5_-_FINANCIAL_STATEMENT_FOR_2023_FINANCIAL_STATEMENTS_SEPTEMBER_2024.pdf

No dividend declared? There goes another company from my portfolio, I am selling my small units as soon as trading is allowed.

2024, the year of no emotions

ndept:
If you must know, this is @kolaish and I joined this forum around 2015 or thereabout and have been on NSE/NGX for over 3 decades. I went for holiday outside the country and during that period gave the laptop I was using to communicate on this forum to my third child who recently got admission into the university so that he can be using it for school assignment. Coming back, I forgot the login details of my old moniker and the email password. This is the reason why I opened a new moniker @ndept. If the so-called to.ut in the name of streetinvestor2 is bold enough, let him give us his old moniker to know who he is.

I have been long enough to know how many resource persons we have lost on this forum due to ru.de people like him and I will not allow him to turn this platform into a mediocre that he is. If he does not stop abusi.ng and calling people derogatory names here[b][/b], I am ready to tackle him all the way. Good people should not always keep quiet and allow bad behaviour to linger for long until it becomes a norm. That is part of what led our country to where we are now, because people do not want to tackle bad people/behaviour collectively.

Remember all I said was null, void and bla bla bla.


This is like my 6th year in the capital markets, and I know better than throwing tantrums the way most of you do on here. Abeg carry your matter go front, I no wan fight for here again.

ndept:
Do you know how many people he has quarelled with and driven away from this platform quietly with his utterances since he joined this forum less than a year ago. If I am not mistaken, he has quarelled with almost everybody here. He is a sadi.st. I have never see him recommend a stock before but he is always quick to jump at people who recommended any stock calling them different names. I challenge him to quote any stock he has recommended here before that has made even 50% and stand by it and let us see.

Street investor joined a year ago? The ancestor himself? hahahahahahaha you must be a newbie. Where were you when he said his target for Oando was ₦20? When the target hit, he shifted the goal post to ₦30. Oando was trading for around 12 or 13 at the time.

The emotions too plenty for here, meanwhile he almost always wins all his arguments because he asks valid questions that no one can answer.

Why is a company with a valuation of ₦6billion+ showing pictures of stockbrokers in a car park according to street. Why not post pictures of what they are selling or their plantation? That is a valid question.

ndept:

The guy is a bunch of trou.ble. Has it been we have an admin for this forum, he would have been blocked and chased away with masquerade long ago. Complete nui.sa.nce that cannot have a decent conversation with others.

Chased away for what? For saying show workings? I have had issues with the man too, however I do not agree with chasing anyone from here. That would be silencing his opinion.

Streetinvestor2:
Walahi you don't know anything about farming..In modern days farming land does not get old because you cam supply all nutrients the plants need artificial. I am not talking of gmo food.Right now I have variety of crops growing in sacks and paint rubbers all over my compound. Infact my wife has not bought pepper in two yrs now from the market.Tell me the crop you cannot plant every Yr on the same land with right inputs and yeild will decrease after 10yrs
Oga you no sabi anything about farming. That is why after visiting a farm. You went to a car park with white sneakers and did paparazzi. Oga the first vehicle I moved and learnt how to operate was government tractor in my farm in mid 90.
Oga farming was what I learnt well from my father.My father was a farmer/business person.

This man too funny.

Based on my small experience with farming, you're right. Land expiration na ancestors talk

Streetinvestor2:
See job men.Even bulaba wife did better with her vegetables farm story.None of them reason the matter it would have been better taking the picture in the palm plantation. This way we for see how big the palm trees don reach and make good judgement.

Very soon it would be Elleh lake who are you as testimony

LMFAO!! You're a comedian smh.

Just remain for you to carry microphone

Agbalowomeri:
Well risk on

Yes sir, I am calculating and strategizing right now

Mpeace:
Lol. Yeye people

Them wan choke everybody

Na to go find 0-1% loan for UK or US bring it to Nigeria and collect 28%. If not for the fear of devaluation, everywhere suppose be stew

Agbalowomeri:
So person go work for 3-5 years of his life only to plan for...."responsibilities at home"? Shuuo

😂😂😂 right, person wey bills wan finish for the abroad.

Osita, there would have been no arguments if not for misleading posts about SMALL $50k 😂😂😂😂. Only a Nigerian in Nigeria will call $50k small money 😂😂😂😂

ositadima1:
Building a 100 million naira portfolio in few years (3 to 5 years) is very achievable for a diasporan if they have the proper knowledge or follow FA guys and some TA guys on this thread.

An average Nija worker can top up 2 to 10 million naira to stocks annually, but a diasporan can invest much more due to favorable exchange rates.

Bros you’re shifting goalpost na. What you said was send $50k to Nigeria and have it invested in bonds and who cares even if your SMALL $50k losses value. Which nurse get small $50k to throw around? Building a portfolio over a few years and sending $50k at once are not the same thing.

Yes, a doctor may have $50k to invest here but it is not small to them by any means. Again, don’t be deceived by the internet. I do not know a doctor, but I know at least 3 nurses and I can tell you with confidence that none of them has small $50k to send this Nigeria lol.

Streetinvestor2:
Guy you can't be right with this figures
The money is finished now.So whr is the savings going to happen. Then why do they make many who are here believe you can comfortably save minimum of 5M every month in average earnings. I hear a lot of people saying they are going to Canada to be truck driver/factory work and other regular jobs

Those figures are very conservative, lots of people are in deficit at the end of the month but you’ll never hear about that on the internet.

A truck driver can easily pull in ₦15-₦20m monthly but a lot has to be sacrificed. If you’re single, then that’s even better, you can skip on rent and sleep at truck stops or $30/night motels which means you’re not paying ₦2M+ in rent every month. You could save half of your salary easily but how many people want to live like this?

You’ll have money, but you won’t have time for family or for anything else. I know money is all that matters to most of us in this part of the world, but for a few that’s too much of a sacrifice.


But all in all, I think abroad is better when you factor in everything. In abroad if you mind your business there is almost zero chance one yeye soldier go come slap you but in Naija, you never know 😂😂😂. For some countries, you fit get small armory for your house ready for any bastard wey wan come try rubbish with you and your family, here in NAIJA that is reserved for only the elites.

Streetinvestor2:
Make owner no vex as low class or middle class.Is it easy to earn 10M in USA or Canada in regular job a month. I want to understand more on this japa thing

₦10m/month is average income, it becomes a different story after taxes, insurance, government pension and retirement. You'd be lucky if you're left with ₦6.5m. Then rent go collect around ₦2m, electricity, water, gas and gas for motor will take another ₦1m. Food is easily another ₦1.5m, daycare is another ₦2m or more.

Here are additional expenses that I didn't mention, phone, internet, clothes, occasional eating out, social activities etc. This is why a lot of people supplement their income with things like uber & lyft.

This scenario is like the majority, there are people who are doing extremely well with crazy high incomes, but those are usually outliers. But on the internet, we all act like the outliers, everybody is balling hard on the internet

ositadima1:
On a serious note, for people in the diaspora, wouldn't it be better to invest in these 17-18% bonds that last for years? You could simply repatriate $40,000 to $50,000, put it in one of those bonds, and use the returns to handle all those requests (wahala...) from your Nigerian family and relatives back home.

You could give out 1 million naira at random to any lucky family or friend every month, and they would love you for it without any further expenses on your part. Your initial $50,000 investment would still be there, though it might fall in value over time. But what do you care? It's just $50,000, right? And you can keep giving for years.

Lmfao, forget what you see on the internet, how many diasporians have $50k sitting somewhere to repatriate to Nigeria? Sending $50k here means you must have earned $80k, then you account for taxes and other deductions.

Life na jeje whether in Nigeria or abroad

phadriz:
The screenshot is unnecessary, we have people here with portfolio of 500m and they maintained their silence.

OK? If them like make them get ₦1 billion, wetin concern us? Let the guy post his account even if na ₦1 dey inside. We are not here for competition, everyone has their race to run

designking:
I think it is best to sell off Japaul Gold and observe how things goes. The management just capitalized on the current share growth to dump over ₦20billion worth of shares. Japaul is diluted right now and I suspect massive selloff this week.

This is actually a smart move. I have always wondered why more companies in Nigeria don't do this.

The one that really comes to mind is OandO. They can raise a ton of money through dilution and it amazes me they haven't done it yet. Aren't they riddled with massive debt? Dilution could potentially wipe their slate clean. There has to be more as to why this hasn't happened yet

megawealth01:
Abroad not easy if you don't have a sponsor

No place is easy but abroad still better.

As for sponsor, that's why you need lots of money, money will be your sponsor

Mpeace:
The "experts" running this country...
Dangote better do the dangfood merger make we see money take buy fuel. Japa cost is too much these days.

No amount is too much to japa from this country as long as you have the money.

Just make sure to sort out your permanent stay before you dump money into the investment.

megawealth01:
I was told a Yahoo boi is here the other day. The guy that had meetings with Alhaji during the ref launch few days ago

Oh, but I think Yahoo boy is busy tracking potential clients, not you abeg.

megawealth01:
For those that want to track my location. I ain't presently in Switzerland ooooo before una go start to look out for me there

Na wa! Na so this place don really useless reach smh.

As for me, I am waiting for Mr Current to drop the gem he promised to drop tonight

Willie2015:
Even Only Abacha loot ....
self pass $5 billion dollars
Dats the one they can trace ...ooo
What about those they cant trace...?.
U no see say NNPC could not produce audited....
financial statement for 43 years....
U don hear that before ...thats almost half a century...

Yea I remember they also seized a $2B bra made of gold from that politician woman 😂😂😂😂. Like I said, make una continue with the buffoonery, it cracks me up!

Willie2015:
Dat $19b...
Na chop money and arrangement for big boyz...
Things can always be arranged...
This is Naija...

$19B na chop money lmfao!!! American dollars oooooh!!!! Nigerians joke too much sha . Just throwing figures around any how. All the banks in Nigeria probably not worth $19B as we speak. But na chop money for big boyz

Capitas7:
I do agree that conservation of capital is great practice. But he did not stay on Forbe's list by sitting on cash pile for these years. And you do remind us about the importance of consistency in investing too. His growth stocks have a record of return way more than that annually. With a return of 300+% from Apple since their first purchase in 2016, growing a total invested of 36billion to about 150+billion in 8 years, 5% is only an option when nothing else makes sense in the market.

Rest of mind makes a lot of sense too, For years the, yield on cash was 0%, hence the need to take some risk. 5-6% yield today will definitely make you rethink.

At the end of the day, nobody knows tomorrow or what could happen, not even Buffet. Having cash on the side which brings in about 1/4 of Berkshire’s annual profit is not bad at all.

emmanuelewumi:
I learnt it is now about $280 billion

Baba is collecting 5%+ on top of that $280B with no risks whatsoever. This is why rich people stay rich, they don’t chase money, na money dey pursue them.

Ades1:
Buy some now and be ready to buy more when prices go lower. If you plan to be in it for the long run, 50 kobo here and there is not going to make that much of a difference.

I bought some UCAP at 5.5, some at 8, some at 14, as long as you have the discipline to continue to buy when prices fall, you’ll do just fine in the long run.

I took a screenshot of this post after I posted it last year, just got reminded by my phone about a photo from a year ago.

I remember this person asking if ₦14 for UCAP was an acceptable price. I hope they listened and bought a ton because UCAP is now trading at ₦48+.

Oh this person also collected ₦2.70 in dividends along the way.

Mankind2024:
The day the magnificent 7 stocks saw red, before the bear was slaughtered by the ravaging bull, is etched in my memory. I won't soon forget July 29th to 31st, 2024. Bad news from Wall Street dominated the headlines, with analysts focusing on Tech and AI stocks. Microsoft beat estimates in all key areas but was punished for its less-than-encouraging cloud revenue. Alphabet performed excellently in all fundamentals, but Wall Street found fault in YouTube's advert revenue, which marginally fell short of estimates. This led to a massive sell-off. I sensed a conspiracy and quickly transferred funds from UBA to my T212 investment account. Luckily, the funds arrived during after-market trading on July 30th, when NVIDIA was trading at $100. As a Nigerian investor actively learning the ropes of stock investing, I saw this as a lifetime opportunity. I added 100 units of NVIDIA to my portfolio at $100/unit. Today, I woke up to a gain of over $2000, with NVIDIA trading at $120+. My red portfolio had turned green overnight. The lesson here is that true wealth is built during market downturns. Always keep cash in your portfolio to prepare for red days. Red days are imminent in equity investment, and volatility is the market's inherent characteristic. I learned a valuable lesson from seasoned portfolio managers and investment bankers: they create opportunities where none exist. They force you to sell when you should be buying and vice versa. Remain calm; red days are opportunities for learned investors to borrow money to invest in fundamentally sound stocks like the magnificent 7. Up magnificent 7 stocks, the story is beautiful.

You and this your magnificent 7 😂😂😂😂. Were you invested in them when they used to be referred to as FAANG(Facebook, Apple, Amazon, Netflix &Google)?

Streetinvestor2:
Walahi I was not expecting this government to be as useless as this even as I and my house never voted for them.I was ok with forex policy and subsidy removal. Then I believed they will be able to create genuine wealth to cushion the effect as Buhari failed in everything. It is now obvious the finance guy and cbn guy has nothing to offer. The major catalyst to kick start the economy is what the government itself is fighting.....Dangote refinery.

😂😂😂😂 shameless man

Streetinvestor2:
You dey mind the yeye government. They have borrowed life out of the economy without anything to show for it.They are looking inward to steal from us via 50%on forex,dormant accounts and unclaimed dividend..what a useless minister of finance and half baked cbn governor. This was actually they stopped bank from paying dividend from it and part of recapitalisation fund.

Weren’t you the one insulting me like 3 months ago or so when I called the cbn incompetent? Sir, permit me to call you a m0r0n!! This is just the beginning of your wailing, you go cry tire 🤦🏽‍♂️

Raider76:
That is why I think people should always be advised that if you want to newly jump into a foreign market there is learning curve you have to go through. Don't just listen to the advertised potential returns.

The funny thing is these noisemakers only appear when valuations are sky high! Where was your ‘Mag 7’ noise when Tesla was trading at $105? Amazon at around $100 or so, Facebook/Meta at $88?

Like I said, be careful of all these online people/influencers. Local or foreign, a crook is a crook

Mankind2024:
Trading
My intrinsic mentality is investing for future wealth.
NSEMPA investors should consider investing in the Magnificent 7. Limiting oneself to NGX could lead to financial constraints. The impact of the ongoing right issues on the value of the Naira and overall portfolio outlook by 2025 remains uncertain. An analyst made a successful bet on NVDA two years ago, aiming to retire by 2030, and the investment paid off a year earlier than expected. It's becoming an investment oversight not to have a stake in the Magnificent 7 and S&P 500.
While nothing can be predicted with absolute certainty, I have a clear idea of how my investments in the Magnificent 7 and S&P 500 will likely perform in the next four years. It's challenging to predict if most stocks listed on NGX will reach their fair value estimates due to the unstable petrodollar economy and inconsistent government interference and policies. In contrast, the US economy is driven by technology, with the 4th and 5th industrial revolutions contributing significantly. The Magnificent 7 are at the forefront of this technological advancement. Yesterday, TSLA drove the market with its delivery of over 420,000 full electric vehicles. If TSLA achieves production of 1 million units per quarter and successfully launches its fully self-autonomous driverless vehicle, which is becoming a reality, then owning 1000 units could make you a dollar millionaire by 2030. The stock could trade between $1500 to $2500 by then.
Take a clue for this self investor who placed a bet on NVDA 2 years ago, he won the bet a year earlier.


https://www.youtube.com/watch?v=zMCrzNUMUag?si=VT0XtNyDEGKYat8H

YouTube crooks will lead you to the slaughterhouse. Just be careful is all I can say.

chillykelly86:
Please where do you access historical data like this?

Investing dot commm

Streetinvestor2:
Lol,I bought because I like hero beer as our own beer and I like Peter obi.And my target was #20 because I was still buying at #8plus.IB has no problem with its products. Did you see the way budwiser was selling when it was introduced. Have you seen the way it's non alcoholic drinks sell up north. The are giving NB a run for all thr products

If you saw value at N8, you should see bigger value at current price, if you think the story behind your N20 value has changed then you should sell.

Same thing happened to me with Sterling. I was so sure things will get better going forward, it went to N6 abi & N7, I did not sell because the future was bright. Then CBN came with recapitalization, I didn't sell because the future was bright.

Then they refused to pay dividend that is my bread and butter, I sold so fast, and I am glad I did because I poured the money into UBA at N19.

If you no longer have faith in the management of Intbrew, better to sell and move to other businesses that you trust. This is a game of numbers, not emotions