₦airaland Forum

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%.

sorry about that. this place is saner than the stocks thread.

Rhymeyjohn:
You guys have turned here to NGX alert. Can we focus on equities and only touch on the stocks in the funds basket

so GTCO is off now

welzyj2:
For the once that have declared dividend, just wait till dividend hunter start to offload, and price adjusts.

Some other would require you monitoring and doing plenty research

Sometimes waiting for dip can also be opportunity missed. I wanted to buy mtn at 700 when it lowest was 710. I missed loading it its now 800+

na dat "when to enter" be the headache

welzyj2:
Select GTCO or Zenith
Seplat or Aradel
Bua or DanCem

Sha watch and know when to enter all

@Beeron
GTCO, Zenith, Access, Seplat, Aradel, MTN, BUA Cem, Dang Cem
Planning to deploy #4 - 5m

Beeron:
Please Note: If you intend to buy my recommended stocks after watching on YouTube:

Mention my name here and ask— If it's still safe to buy, because, market might have moved at that moment you might want to buy so it's better you mention my name and ask the current status of the stock.

Secondly, if you see profit but can't tell when to exit the market to enable you lock in profit — mention my name and ask, if it's the right time to exit, I will help you check and provide you answer.

Happy Trading, let's make this money.

I found them very responsive and efficient when creating my trading account

welzyj2:
CardinalStone is actually a nice platform for trading. No too much complications on their platform. Customer service is also great.

Only on 1 occasion my trade was settled without them adding brokage fee, and an email was sent noting that to me (this speak a lot about how detailed they are)

Trade settlement is also very easy. I guess this is because they control a large amount of transactions on the stock market

Thank you for your response

Beeron:
Aside the minimum requirement amount, no issues at all. Cardinal is fine. I think welzyj2 trade using cardinal stone, he should share his experience so far.

are there other issues with cardinalstone (for trading purposes) apart from the minimum requirement of 150K you mentioned earlier?

Beeron:
Re-read again, I recommended Trove or Bamboo.

Cardinal stone is best for Equity mutual funds.

Meritrade isnt beginner friendly.

Afrivest is notorious for constant bugs and glitches

GT has not updated for April 17. April 16 returns was an insult. I'm half-hoping that they are lagging in their update for Apr 16 while waiting for Apr 17 update to show up in about 3 hours from now

dammiecool:
With all d green yesterday Gt no show love

Wow. It has overtaken Zedcrest. However, Zedcrest is for the common man and has lower fees than CSOF. CS Is doing the Lord's work at 44%

CSblackpink:
CSOF is at 67.12%

@Zedcrest
You can use the Cardinalstone app as guide for updating daily returns.
I noticed that the app no longer shows the number of investors in a fund.

CSblackpink:
Dear Zedcrest,

I highly appreciate the effort to make the Zedcrest platform better; however, many folks here often complain about the app interface and how challenging it is to navigate the "daily returns and gains earned." Furthermore, it would be of great help if the Zedcrest app could rectify the concern mentioned above. Kindly find a screenshot displaying the returns and daily percentage changes. Thank you in advance, and I wish the Zedcrest team all the best.

CS did 2.39%

CSblackpink:
Paramount whyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy😛😛😛😛🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤩🤩🤩🤩🤩🤩🤩🤩🤩😘😘😘