₦airaland Forum

Of all the ways you can channel your energy, na on top pussy u deem fit? When your mates are interacting with extraterrestials to borrow from their intelligence. What a waste of energy and time.

xscoffy:
Otedola, we have seen u after watching ur CNN. Bingo

Ekuke. I didn't say CNN. Watch bloomberg and CNBC. It would add value to your life. Not Big Brother and Soundcity. That's why you don't even know the difference between forex and gambling.

400billionman:
Even football betting is a skill. Forex and Football betting are thesame thing. First one you are trading to make money on foreign currency exchanges. Second one, you are trading to make money on football results. You don't control the outcomes in both. It is thesame structure involved.

There are people who win football betting everyday. Is that LUCK ? No, they have mastered the skill.

Some people say football betting is luck. Empty lie.

The bookmakers are human beings. You can study what they do and understand it very well after amassing tons of data. If you are high in IQ.

So the big banks and financial institutions that trade in forex and have established currency desks are betting with people's money and regulators have not clamped down on them?. You dont know what you are saying. Go and read books lest you would be exposing your unclothedness in a public space

xscoffy:
Stories.

Come let's get to d court n sign documents lemme give you 200k for a start. I bet u, after a month.. I will still get stories from u

Oga betting and forex are not the same. One deals purely on speculation, the other deals on forecast based on macroeconomic trends. The problem is like most peoppe like you are not patienct to learn the rudiments and dont have the psychology of an investor. They want to cash out immediately. Others get fruatrated after a short while and say its gambling. When they say watch channels like Bloomberg, CNBC and follow Yahoo Finance, you would be watching BB Naija and Soundcity. Now look at how you are exposing your ignorance.

gaskiyamagana:
In Jesus Christ name, your money will get back to you before the year runs out.

Did they ask Jesus before investing?

InvertedHammer:
/
Exactly how most people didn’t understand MMM except wisemen like you. And those wisemen were left holding empty bags.

I don’t preach against crypto. If you are one of the early comers and see good profit, take it and run. There are always unscrupulous brokers that will make the journey to a financial freedom a nightmare. Forex is not the problem. The problem is MBA forex.

/

Bag holder indeed. Read the signs Bro. Institutional investors and Wall Street banks are trooping in. JP Morgan with all their shakara is investing in blockchain. Paypal and Square are already on it. Mastercard and Visa are planning to launch cards that accept and pay crytpos. Some investment houses like Fidelity is already offering clients investment in crypto as an option, yet you are still listening to old bears. The same people that said retail investors didnt know jack shit only to be proved wrong.

Bagehot:
I dont have a problem with bitcoin but rather the speculation fuelling the bitcoin bubble. The soaring value of bitcoin is based on something called 'the greater fool' theory - assuming that by being the first fool to buy something at an outrageous price, there is always a bigger fool to buy at an even more outrageous price.

Thats the narrative Wall Street is spreading because they don't understand what's coming. Institutional investors are trooping leave the armchair theories for the philosophers

stagger:
MicroStrategy now has a Bitcoin portfolio in excess of $1billion. Their CEO dared Elon Musk to use the recent Tesla listing on the S&P 500 as a means of putting their portfolio on BTC. The thinking is, such a heavy institutional purchase would send Bitcoin prices soaring heavily, and then public participation would push the price even higher, raising Tesla's valuation even more.

Elon Musk replied to ask if it was possible to do this...meaning he is considering it seriously.

Tesla's valuation is worth more than all the top 10 car makers combined. What would happen if even 20% of this portfolio was moved into Bitcoin? Go figure.

Elon Musk replied but it was a sarcastic one and should not be intepreted as him considering it.

Chicken change in NSE. Its expected. People are taking profit

Truth234:
You are researching the foreign exchange market in the world's financial hub and the largest retail forex trading nation, the United Kingdom, and believed the bolded? How much is MBA daily turnover? Bigger than Dangote Cement, Nigeria's most capitalised company? MTN Nigeria, the second most capitalised company that CBN will restrict its payment?

So MBA meagre revenue is what will collapse Nigeria's most capitalised sector? Has MBAforex done over N500 billion turnover like Zenith Bank in three months? That is just one bank.

MBAforex is going the way of other Ponzi schemes. No business sustained 30 per cent monthly ROI. Even Dangote with all his successes didn't do that in the last two years.

The depth of gullibility is amazing

MyGeneration:
Once investors withdraw their money the few ones who don't, when they start hearing mba sacked 70% of their staffs to keep up, and moved from all their offices they would grow suspicious and another round of panic would start leading to more withdrawal

All you have stated are features of a Ponzi scheme.
I dont have problem withdrawing their money. MBA claims to be trading forex with returns. So what happened to their returns? If you are making profit then that means the capital of your investors are safe. So why cant they pay people back their capital? You guys should move on. It is experience. Use it and make better investment decisions in the future.

You may want to hold on and see hkw tgis plays out. Also watch the reaction of its institutional backers such as Japanese financial services giant SBI Holdings, Spanish bank Santander and top venture capital firms including Andreessen Horowitz, Lightspeed and Peter Thiel’s Founders Fund.

DexterousOne:
Call it what you like
It is what it is.
There is NO LAW that excludes anyone from playing in that industry

The main barrier is the capital intensive nature of the business
BUA is going big on cement
WAPCO is rearranging its affairs to even get more competitive
If that useless narrative that the government handed the industry to Dangote

BUA would have been put out by now.


Its the same thing with the refineries
Dangote was not the only one given license
But he is going big on oil refining and fertilizers

6 years from today
Armchair critics will start running their mouth
That Dangote is this and that

I concur

Mcy56:
Who will bail me out oo.

I've been talking about this BUA since the days of CCNN. Gave 'buy' nod at 28/32 after merger. At 60 now, what you're asking me is a big test.
Anyway, BUA has shown resilience and still showing........The stock is getting set to give dangcem a good run, it's a good coy and a competitor to Dangcem.
If you can take the risk buy some. If it pullback, buy another tranch.......be buying in tranches.......but know that this is not a quick quick stock where you expect it to be jumping anyhow.........it's for medium to long term.

You can take your chances with flourmills if you can get at circa 25/26........something is brewing in that coy from the look of things .......

Also remember not to go in fully, this is end of year season and end of financial year for many coys, they'll be closing their books by 31st and there'll be lots of price manipulations around this time, just be very cautious.
ALTERNATIVELY, wait till next year Jan-Mar........Feb especially... .....we keep monitoring trend of events.....God willing.

Edited: I've not been following on Eterna.

You no wan commit yourself before dem blame u

RealEzee:
tell that to other conventional banks that went ahead to either merge or sell out with their customers not given a fair hearing on whether to move their funds out, instead their funds was held and told no shaking nothing dey happen, like I said earlier, perception can either make or ruin a business regardless of authenticity.

Hence the sanitizing of the system. All deposits are insured. When the wahala with Skye bank came out, did people lose their funds? When Access and Diamond merged, did people lose funds? People invest in bonds for as much as a decade yet their monies are still intact. Keep saying what u dont know.

DexterousOne:
I have always said, that the Ibeto/Dangote/ Cement narrative is hogwash
The industry is open for who is ready to play
But it's very capital intensive

Armchair theory

general111:
you seem to be trying so hard to discredit MBA..
Good luck with that.

l'm not discrediting anybody. All i ask is that y'all do your due diligence before investing. Simple questions like asking if they are SEC registered, quarterly reports, past performance records would have exposed the fraud to you guys. How can u give an organization your money and yet it does not guve you guys reports on financial performance. Even if you lend your wife money to start biz, once in a while I'm sure you would ask her how the business is doing. Did you guys ask these simple questions?

OvaSabi1:
European markets tend to underperform their North American colleagues due to their lack of FAAN(M)G heavy stocks. I searched for industrial revolution and green energy ETFs that were TSLA heavy but couldn't find much. I have seen told that I can create a pie by myself on trading 212 but I don't have the time and expertise to consistently and effectively rebalance my holdings.
Is passfolio a better alternative then?

European stocks usually trade within a tight range not due to the comoany put their approach to investing which is usually more conservative and discplined unlike the US where extreme capitalism is pushing everyone to greed.

OvaSabi1:
European markets tend to underperform their North American colleagues due to their lack of FAAN(M)G heavy stocks. I searched for industrial revolution and green energy ETFs that were TSLA heavy but couldn't find much. I have seen told that I can create a pie by myself on trading 212 but I don't have the time and expertise to consistently and effectively rebalance my holdings.
Is passfolio a better alternative then?

European stocks usually trade wiyhin a tight range not due to the comoany put their approach to investing which is usually mkre conservatuve and discplines unlike the US where extreme capitalism is pushing everyone to greed.

general111:
what i expected MBA trading to do is to come out plain and tell the public what the government is trying to do to them in order not to create panic.that being said, MBA is not a fraudulent organisation..
Just wait and see what will happen next year.

Stop blaming givernment and banks. MBA has not come out because they dont have anything to say. You say you are trading forex so where are the proceeds from your trades. Have you guys even asked for a quarterly report from MBA? Has MBA relased any financial report or guidance like a responsble financial institution would do? Even if you buy shares, you are entitled to periodic financial reports from the company. These are questions you guys should have asked but were carried away with an utopic profit

MyGeneration:
If mba forex crashes it's not because they couldn't pay but panic causes by fake news which made core investors withdraw their funds thereby crashing the business

This is why it is a ponzi. How can investors withdraw money and it would crash? So where are the proceeds from their forex trading. Have u heard of any credible PFAs, hedge funds or investment houses crash because investors pull out funds?

RealEzee:
conventional banks host MBA money for MBA to use not them using the money they host for MBA, obviously they can't trade with MBA money domiciled with them cos MBA sef dey use the money promptu, nothing for conventional bank to use play around, realise tons of profits and give customers tiny fractions at the end, they will make tiny fractions from MBA that domicile its accounts with them gbayi plus service fees from when MBA sends its customers ROI, no money to play with, huge traction to MBA and the likes is a disadvantage to conventional banking, conventional banks will have to make their interest rate more attractive to its customers abi how u think banks they make money from customers if not doing trades with their money

Lol. Speak no further. You dont know what you are saying. How much does MBA have that banks can't handle? What is the capitalization of MBA compared to even ordinary Binance, talk less of banks? So u think your money in your savings account the bank is not generating interest on it? If MBA pays its subscribers, do you know how much banks would make in transaction fees alone? You guys are really gullible.

general111:
what MBA wants to do now is to sell the company to a company abroad, then they will ask all their clients to get a bitcoin account.
From next year MBA will start paying their clients in bitcoin..so those who think forex is ponzi are only ignorant..
MBA has not crashed, they are only restrategising.
Funny enough, i didnt invest any money with them, i only have inside sources there.

Even if what you said is true (which i dont believe but for the sake of argument), then thus is fraud. You cant just change the asset class of your investment or take a unilateral investment decision without informing your clients. Or have you nor heard of full disclosure. MBA would take money for forex, a diffrent asset class with its own peculiar risks and unilaterally change to bitcoin, another asset class with its own risk without doing due diligence or informing people. No finance institution can do that without being clamped down. This alone should tell you the organization is a fraud.

MyGeneration:
Imagine the man that had #30m in his account withdrew it all and put in forex.

That's him alone, imagine what thousands did too.

Most smaller banks that forex companies don't bank with are already suffering then imagine loosing funds cause their moneys are in mba forex accounts in bigger banks.

It would affect them and they might not be liquidated enough to carry out their activities.

The government knows that if that continues banks will collapse, to avoid a tragedy that will make the government look even more bad, they limit the amount of money that can be paid out by banks daily, a willing strategy to low key kill the forex industry especially mba forex as they are the biggest

If mba forex collapses the government won't take any blame but if 4banks collapse it would be like a big disagrace to the government

Be deceiving yourself. Does MBA not operate accounts with Niherian banks? Or does MBA have a vault that they store money hence affecting the circulation of naira notes? Even when they trade how do they source for currencies and do trades? Wouldnt banks be intemediaries for the financial transaction. Did you even think it through before making this statement?

addexx:
Y'all calling forex ponzi don't really know the meaning of the word.

Ponzi pays one investor with the money of other investors. There's usually no major business investment involved. Just a pool of funds. That was the case with MMM.

Mbaforex truly deal in forex. They had been doing well to the extent that most people stopped saving in banks. In order to prevent banking system from suffering, restrictions were made to their accounts by the government. But mba still accepted investments from the public instead of marginalizing. Thinking they would resolve the issue. Unfortunately forex started dropping while the responsibility was still piling and accounts still restricted. Here we are!

What are you saying?
People are takung money from banks to put in MBA forex. Is it not to MBA's bank account that the money would be deposited. Or does MBA have its own fiat that they issue?
Even when they are trading forex, wont they need money domicilled in accounts to buy and sell currencies. You guys should stop this trash. Not everyone is stupid.

SavageResponse:
Cryptocurrency is even the worst...in that one they will tell you you're busing an imaginary gold coin

Apart from that anyone can wake up and create his own crypto, 5years later you will hear that the owner died and he took the passwords with him

Wall street banks and portfolio mangers are investing in cryptocurrency. Paypal, Square, Mastercard and Visa are enabling crypto transactions on their platform. You are here saying rubbish

Psalmy2cute:
see this coco pops generation calling me indomie generation....

Read the post you just quoted again and hide your face in shame...... aren't we both saying same thing?? So what's the point of quoting me? I said and ijaw or orhobo man cannot be king in itsekiri land.. you say an igbo or yoruba man cannot be emir of kano.. so what's the point of quoting me..


nairaland really dey give so many ignorant fools voice... you read without comprehension and rush to comment as if you're been paid to do so... oga take your frustration to your papa house.. I dont have time for stupid people this morning.. stupidity is highly contagious and more deadly than Covid 19

You have not said anything. You are only trying to hide your glistening shame. If you even had an iota of the culture, you would not even make the assertions you are making (that Ijaws and Urhobo should push for the stool). Something an Urhobo or Ijaw man cant even say.

From your words, i doubt you have been to warri before, let alone know the xulture. You just read stories from your primary school book and opened your mouth before thinking.

OgaEngr:
I don’t see the market getting crushed again like in March anytime soon. By the way, yesterday ended up being one of my best days. My Battery/solar OTC stocks skyrocketed. $Gevo, $msft, some SPACs and EVs in my portfolio did very well too

You have SPACs in your portfolio?

Psalmy2cute:
What are you saying.. olu of warri is just a title.. it doesnt mean he is the king of warri... there are other kings in orhobo and ijaw land residing in same warri.. ignorance is a disease.. and why would ijaw push to be a king to the itsekiri people? Smh

It obvious you are an indomie generation that does not even know the matter let alone grasping it. Can a Yoruba/Igbo man be the Emir of Kano? Stop exposing your ignorance.

Your spirit was telling you he is fake and you still followed him to a hotel room?

InaNla:
All the below stocks are rated strong BUY stocks by Zacks.

QDEL $196.46,
AGCO $99.80,
NTGR $38.17,
SFM $20.33
EVR $106.76
GM $42.03

While average analysts consensus are as follows for the following stock with all having HOLD on Zacks. Amazing!

CRM Current price $225.63 - Potential 22.65% Upside
GDS Current price $94,81 - Potential 20.24% Upside
BMY Current price $62.51 - Potential 18.32% Upside)
MTG Current price $12.53 - Potential 17.40% Upside)
ADBE Current price $494 - Potential 16.08% Upside)

Motley Fool - COUP

In my view: to mention but few, ensure you have AAPL, GOOG, NVDA, SHOP, PYPL, SQ & FB in your portfolio for long term based on MF recommendations also.

This is not a recommendation to buy, informational purposes only.... DD advised.

All new entrants can begin by buying the above stocks in PRACTICE environment to understand the volatility in all these recommendations.


Happy investing...

ADBE. Very good stock. Making strong profit and has been under the radar for most retail investors