₦airaland Forum

Red everywhere

@Beeron
What's your opinion on Access and UBA today? Dump or top-up?

No apologies required ma'am. Na info all of us dey hustle to help us make money. How many % dem drop?

LoriHamo:
Where are my gt buddies....

Fall in guys....

Let's celebrate together o

Meanwhile....to @austchris and everyone else I have ever argued about gtb daily update with...I SURRENDER

You guys are right....

I just checked at exactly 2pm and saw the Lord's work in full force


Thank you EquityM/CS blackpink...I no know the name well o o

Thank you to all contributors here...Beeron,Bluearrow, Wezgy,Iamblessed,cynotex, youtodo,

Forgive my spellings o

Hahaha

And everyone else I failed to mention

I get what you are saying but this will hold true if all investments reset at the end of each year. I believe the reported YTDs are for reference purposes and can help the prospective investor in choosing a direction. For the investors, what matters is "how much has my money grown by?"

Bluearrow:
I don't recommend waiting, I bought equity few days ago. I am only responding to his comment "Best time to buy", which still remains January. Most of the equity fund have already done 50%, bear can come at anytime & these guys will struggle to maintain that range. Investing in January makes the best out of your funds when it comes to equity.

Rubbing my palms while waiting. I topped up aggressively yesterday on both

Iamblessed8888:
Cardinal stone and zedcrest will hammer tonight 🔨 🔨 🔨 🔨 🔨 🔨

🤑🤑🤑🤑🤑🤑🤑🤑🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️🤦‍♂️

The year is barely 1/3 gone. Waiting until January is like betting that the rest of the year is going to be bearish.
With individual stocks, one may opt to time their entry based on careful research but with funds, they can take position at anytime in order to take advantage of overall positive performance of the current market.

Bluearrow:
Best time is January

I started some rebalancing of my positions in some of the funds. Yesterday, I gave some update on how my withdrawals went with ARM and Afrinvest.
It's been over 24 hours since I initiated withdrawals from GTMMF, GTBF and GTEIF. Around midnight, I received emails that my GTBF and GTEIF redemptions have been processed and this reflected in my balance. Redemption from GTMMF is still pending.
The processed redemptions are yet to settle in my bank account. My bank is GTB.

ASI has started on a bullish note. Hope the momentum continues

What's the actual return on CS today?
When I topped up today, my yield immediately dropped by 2.22%. After the day's update, the yield I see is -0.21%

You no wan do the assignment wey I give you, abi?

LoriHamo:
I got good money on Monday and Tuesday....( Don't know which days gain since I am not sure when they uodate)... Just which I saw when I checked on those days....

Remember there was nothing for Thursday and Friday last week....

I don't just understand them

Cardinalstone

doggedfighter:
Which platform did you use ?

I was able to get into Dansugar @67. Thanks for the recommendation.

Beeron:
Okay, so one thing I noticed is most guys out there in the stock thread often dwell majorly on sound fundamentals, corporate news and price action. But for me, I dwell more on Technical analysis. I use the maths in the market to calculate probability, market trend and mood.

So If I recommend Dangote sugar, that's because, the maths are adding up. The trend and market regime confirms it.


Lastly, I just checked Dangote Cement, Dangote Cement had been fully bought as at March, the chart shows investors don't want to sell as most people want to hold for a long time. However, few people that sold, created limited opportunity for new investors to buy. Those who bought are clearly buying an already overbought stock so the upside gain in pecentage will be very few. That's why it will be wise to just wait for a dip or reversal.

Don't try to time the market desperately. Patience is key

GT equity is up to some shenanigans. -0.43% for Apr 21 and 0.01% for Apr 22

Withdrawal from PlutusNeo (aka Afrinvest) took an hour

GT say they pay dividends annually for the balanced and equity funds and quarterly for the MMF

welzyj2:
Fund managers will also pay dividends if I'm not wrong any idea on when dividend payouts will be for any FM

Thank you, I do have funds to take advantage of whatever the market is doing per time and I plan to be in it for the long term except in acute emergencies when I can't raise funds from other sources. This is part on naija retirement plan or part of my contribution to the economy

CSblackpink:
You can't time the market; however, the benefit of getting in when the market is bleeding can make a huge difference later on. Nevertheless, it's not too late to get in; just reserve some funds for Yakubu. Higher units, higher gains—higher dividend payout.

Thank you

Uberchic1:
Zedcrest cut off: 3 pm
Cardinal Stone: 5 pm

Got you. That's like timing the market. Imagine if one held on to their cash when the bull run started at the begining of the month waiting for a dip. Would that have been a sound financial decision? With individual equities, I believe there will be some merit in taking that stance but with funds, i,m not sure they behave in that manner. This is my layman's understanding

CSblackpink:
He's trying to say Zedcrest is too pricey for now; you can get in now if you are well funded; however, you need Yakubu to come to see the real gains if you subscribe now.

It's closed to the general public. to invest in CSOF, you'd have to Cardinalstone via email. The minimum amount required to invest is 100m and it has a holding period of at least 365 days. Zedcrest is matching CSOF toe to toe in terms of YTD and has a much lower entry point and a lesser holding period. CSOF appears to have higher fees too.

Zooposki:
Good morning,

How do I invest in CSOF?

Thank you for your response

Bluearrow:
No @bold, I only meant they are performing extremely well. I really don't know how the daily gains are calculated, if u get in before 12pm, maybe it will count for the day.

Why not? Are you suggesting that Zedcrest has hit the limit already? How does this play into the current bull run of the NGX?
I'm aware of the relative position of Zedcrest compared to other funds in terms of YTD yields. Right now, the fight for the top is between CSOF and Zedcrest.
However, my question has to do with the cut-off period to subscribe to benefit from the expected gains for today.

Bluearrow:
Omoh u can't meet up with zedcrest
Their unit price is flying like fighter jet
Zedcrest will lead equity for this year
Second will be btw CS & paramount

Between CS and Zedcrest, which is best top up today based on the movement in the market today?
What is the cut-off time to top up and benefit from the positive yield expected today?

I initiated a withdrawal from ARM Aggressive Growth Fund this morning and it landed in my GTB account in 30 mins

No idea. I don't do paramount

Ogborokiri:
Paramount how many %?

CS +1.15%

If you get the chance, do what I suggested above. It will clear your doubt. I am not resident in Nigeria but I typically see updates on my GT mutual funds between 9am and 9.30am EST. When market closes on Friday, updates show up on Monday and if you download daily statements, you will notice some additions (as you would notice in CS)

LoriHamo:
Hmmmmm

I don't know shaaa

But I do not agree with this...

I will login tomorrow @2pm....

Thank you for the explanation.
I'll jump in with 500k and see how it goes.

Beeron:
Okay, so one thing I noticed is most guys out there in the stock thread often dwell majorly on sound fundamentals, corporate news and price action. But for me, I dwell more on Technical analysis. I use the maths in the market to calculate probability, market trend and mood.

So If I recommend Dangote sugar, that's because, the maths are adding up. The trend and market regime confirms it.


Lastly, I just checked Dangote Cement, Dangote Cement had been fully bought as at March, the chart shows investors don't want to sell as most people want to hold for a long time. However, few people that sold, created limited opportunity for new investors to buy. Those who bought are clearly buying an already overbought stock so the upside gain in pecentage will be very few. That's why it will be wise to just wait for a dip or reversal.

Don't try to time the market desperately. Patience is key

So, I should shelve the idea of Dang Cem for now. If you don't mind, what is the reason behind this recommendation?

Beeron:
If you have a land to sell. Sell the land tomorrow then buy Dangote sugar and hold.

(Disregard the sell your land part) Just joking.

Buy Dangote sugar tomorrow.

44.8% as at April 21

Uberchic1:
Who knows gt equity ytd?

Log in to your gtfundmanager account > select statement > set the date from Apr 20 to Apr 21>select consolidated >click download statement. You can also do the same for Apr 21 to Apr 22.
Take note of the opening and closing balance in the statements you downloaded.
Let us know if you see any difference.
Thank you

LoriHamo:
That's NOT true please

It's for today

That was from yesterday

cyrilex202:
GTB equity on tiny red today

the return for GT was for April 20. They usually update the previous day's return around 2pm the next day.
Of the equity funds I invest in, only CS updates same day. Others are:
Zedcrest 1am next day
ARM 9am next day
Afrinvest 3pm next day.

Note that, as with most things in Naija, none of these times is set in stone.

Ensol:
Paramount on -0.56% loss, reason why it’s good to have at least 2 to 3 fund Mgr’s. GT equity on 2.74%, Zedcrest on 1.28%.