₦airaland Forum

By the way, using percentages is your own preference, I don't think you need to force everyone to prefer it too.

People choosing not to use actual figures should be because of their own security concerns not cos you prefer it for whatever reasons.

If someone has a portfolio of N2bn, you say you make 400% returns and I say I make N1.5m returns, which do you think would intimudate him

The N1.5m would be like a rounding error amount to him, whereas your 400% might make him feel like he's failing or not doing enough.

What if I yet share the amount but it was just N23k , would you have still been bothered? I think you should just adjust your own mindset and leave the matter. your preference is just your preference not the standard.

@nosa2

nosa2:
It takes the same amount of effort to make 100% return with a N10k portfolio as it does with a N10m portfolio.

What I never understood was why people use numbers rather than percentages when stating their returns.

I've probably done 400% return on my portfolio year to date this year. This could mean I've turned 10k to 40k or I've turned 100m to 400m. Either way the effort used is the same

1. 10k to 40k is 300%??

2. The efforts aren't at all the same even with the simple strategy of just buying and waiting. Higher stakes requires higher due diligence. N10k not so much as N200m. Can you put 10k in one stock(most likely yes) can you try the same with N200m (maybe not)

3. If you understood the context of the conversation, you wouldn't think I shared my portfolio size in the post cos I didn't.

Maybe it's the N115m you saw, that's not my portfolio size.

islamics:
The bolded got me laughing. Instance of a class (Integer) ; so, money is an object.

With the bolded, I know you have knowledge of OOP.

Yes sir, that's what I get salary for.

Pesuzok:
Please which forum have average portfolio is in hundreds of millions?

This one? 😁

nosa2:
average portfolio 100s of millions? ok na

If there are 50 of us here who are very active.

Even if 45 people have just N1m portfolios.

The fact that you have 2-3 people with portfolios above N2bn already takes the average portfolio size to N100m.

That's why some people prefer measures like median to averages, cos only 3 people can skew the data.

nosa2:
What is it with people and posting their portfolios. You can state profits in percentages and not act so crass. Its almost like this "money" dey shack people

1.5m is not money to brag with in a forum where the average portfolio is in hundreds of millions.

Your context on the conversation is limited.

If 1.5m is what intimates you, you're on your own.

Lots of time I see a dumbness in some people's reasoning:

You're 30, someone else is 50 and they show you their portfolio worth N2bn you feel intimated.

That's dumb.

Such comparison is apples to oranges.

You compare your portfolio at 30 to their own portfolio when they were 30 or you compare their current portfolio to what yours will be at 50 (adjusting for inflation in either case)

You've been in the market 5 years and you expect to match someone whose been there for 20 years. To what end??

Even if you're 50 and only have N10m, how about people who are 50 and can't even afford rent? How about your own good health.

If you don't learn to appreciate your own good things but instead fixate on others' achievements, you'll just keep robbing yourself of real joy which you could have enjoyed life with.

At the end of the day? Money is just some instance of an integer class in some database that allows addition and subtraction operators. Don't overrate it. It has its relevance, but also has its limits in significance.

Agbalowomeri:
Good job my brother
There is always money to be made whether in bull or in bear. Just that the probability of making a profit is much much higher in a bull. Again, we are still in the bull albeit volatility has increased. Increased volatility is a precursor for market downturn. A three year bull will not fall flat on its face in one month. It is gradual

Your method is good for the level of risk and exposed capital. I am not chasing 20m profit

Exactly.

In a few more years, the strategy will have to get more conservative and less aggressive.

But now that we're still young, let's exert the energy 😁

@Agba, while you're waiting for bottoms, I've already made more than my full month salary in 2 weeks.

That's despite the sell off
And after I was marked down N120k for SEPLAT dividends 😁😁😁

Odunharry:
Hopefully a reduction will be done. Inflation is now 16.84% and according to NBS

Please can you share a link to this?
We're expecting the figures to be released by Monday or tomorrow at the earliest.

Nairametrics just released stats showing that only Zimbabwe has a higher monetary rate than Nigeria in the whole of Africa.

You know that Zimbabwe where you need like 1 billion of their currency to buy a loaf of bread. They basically had 100 trillion note at some point.

Na them Cardoso dey follow

They need to do at least 300bps!

mikeapollo:
The exemption of N150m is nothing ''reasonable'' because investors are not paying any CGT right now, even if the portfolio is N500m or N1billion. So why should N150m be a plus or credit to this new law?
And how does one ''carry forward'' a loss to offset gain, because the CGT is charged per stock? So you have to offset the loss in GT against the gain in the same GT and so on. if someone made a loss in GT, he cannot offset against the gain in Zenith, until when he is able to buy and sell the same GT in the same year or maybe in the following year. So one may never be able to offset the loss against gains because investors sell and buy different stocks that give them better returns,

The bolded is not correct.

You can use gains in any one stock to offset in another stock as long as they're both nigerian companies, listed or not.

Mpeace:
Lol. I need to sell on full bid

Okay someone seems to buy loading sha. About 3m million units now

@mPEACE, maybe try selling your cement now

@karltom has yabbed Agba, now he's been banned.

Small bear that he advocated for, you decided to turn on him.

Valthegreat:
This investors una hand na Aradite o!
Una no dey give shi shi like Obidients, Lol!

I didn't get this quickly. I was like abi it's ARADEL he's saying??

abi sboga has influenced his writing??.

But I later reckoned Aradite is like a glue.

So Akagum yeah.

Of course. Why pay N20m to the government in a year for them to loot. When I can either give N10m to 2 people each and likely change their lives or commit to supporting people with their bills 100k at a time, i'd be able to give 200 such supports in a year.


And in a few more years, I will even be thinking of N200m in potential taxes not N20m, imagine how many people I can impact per year. Cos government won't help them as much.

mikeapollo:
They just rushed to pass the law after it was initially put in abeyance to resolve the issues about VAT rate and sharing formular which some politicians raised. Most of the focus was on VAT and PAYE.
The whole CGT thing should be suspended for now.

An alternative, simpler way for the govt to make more revenue in the capital market is for them to increase the commission on sales by say 1% which goes straight to the govt. Majority of investors would not mind and this would not cause much chaos in the market

Taxing 1% on sales could be taxing investor's capital which is worse.
They already take 0.3% through the SEC, taking it to 1.3% is like a 333% hike, worse than the 200% hike on CGT, and it won't be avoidable like CGT is.

Streetinvestor2:
Why are u saying this about my oga,lol
Abeg stop it.Did u see me call name.Do u know I can sue u for defamation of my oga character. I said PDP could mean papa decieve pikin ..lwkd

Streetinvestor2:
He is my oga and member of PDP. (papa decieve pikin )..lol

You're saying Agba is a deceiving papa??

mikeapollo:
So what happens if I sell on Dec 31 and decided to withdraw whole cash in the following Jan or Feb?

I get your point on this, It seems people aren't really seeing the ambiguity in the law.

Tax man says i need to file my tax return for 2026 by March of 2027.

tax law says if i reinvest within 12 months of sale (not within same year) i won't be tax liable.

so if i sell by December 2026 and haven't reinvested by March 2027, but still plan to reinvest before Decemebr 2027, how do I file?

You're right, it's another part they need to address.

chimex38:
If you read through the boldness of the "cheaper" comment.
You can infer that the person doesn't view the marker orders.

They don't know what's going on with most stocks especially highcap stocks that mostly trade below or above 100k units.
All they see is the NGX display dashoard.(₦1,450 thereabout).

you guys are having a different view of the market.

Yes, and part of the relevance of this platform is to share such info with those who might not have it.

crownprince2017:
I knew This cgt will cause kasala but not as fast as this and I was almost sure that CGT wouldn't fly...its just unfortunate.

I anticipated that people weren't entirely selling to pull out, some were only just selling to rebase their low historical costs, so they would still inject the proceeds back.

But thank God now for the change in policy direction to a more favourable stance.

crownprince2017:
He pain say when all these brouhaha happened in this market I was too busy to follow the market live, I even just finished reading outstanding posts here.
I move some funds into the wallet very early yesterday to cherry pick but the land don turn green.

Agba when should we be expecting bonanza again, I'm seriously pained that I was unavailable during those time.

Maybe don't be pained.
it's easier to regret now.
On Tuesday, most people thought the market was heading to 120k. some said 75k, someone even said 50k.

When I said 130k would hold and later revised up to 140k on news of policy change, Agba still said it was a fantasy bottom , that no be nsempa dey move market, now the reality is different.

It's easier now to think you would have gone all in, but you might not have been as bold.

I'm happy I pushed my cash position to as low as 5%. Even the 5% sef was due to unfilled buy orders.

Streetinvestor2:
Don't get it.Does it mean hope fit dey for total side again

TOTAL was already seeing shege, that 15% would have made it shege pro pro pro max plus.

Now it's back to just regular shege 😁

abbyintuition:
Interesting data, please share source.

Watch the video I shared before the data.

I was quoting Oyedele. The data might be stale or outright inaccurate, I don't know where he got it from.

I sold my TOTAL under pressure cos of this 15% ad valorem 😁😁😁

Good thing I still have cheap CONOIL.

FG has suspended the 15% duty

samarine:
Thank you, for contributing.

I believe it's cheaper taking the RI and I am paying 1420 PS, even for the extra they advised if I wish to take.

Okay.
I am paying 1360 PS on the floor though.

My maths says 1360 is N60 cheaper PS.

samarine:
Good morning everyone,

Please I have a quick question... After buying my RI from Presco, I was told I can buy more.

I want to ask if it's possible/okay to do that?

You can speak to your stock brokers.

But you're effectively paying extra N50 per share.

That's extra N5m for 100k units.

Why not buy on the floor and maybe help someone close to you with that extra N5m. If you find the right person, it might be enough to change their financial situation forever 😁.

Anyways I believe you might have your reasons for preferring the RI, so speak to your stockbrokers. The rights are also trading on the floor.

With a N150m portfolio, I'll probably sell N500m monthly( N1bn for both buy/sell)

And with a N15m portfolio, I might hit the 150m sale in just one quarter (300m total transactions)

So it's not right to say because people have Portfolios below N150m, then they won't hit the threshold.

It's even possible to have a N2bn portfolio and not sell up to N150m per year, whereas you could have just N10m and sell up to N300m if you trade actively for an entire year.


These are some of the things stakeholders should probably explain to him.

But it's good he has said the implementations will have adjustments.(In line with what Mr Wale said)

Although he did say that folks from the NGX and stockbroker etc did NOT raise concerns while the laws were out for debates for months and I think that's true.

Like someone said people were more focused on things like VAT.

Also, more importantly he said there's no way the law could have been written to have full implementation details otherwise it gets overly verbose.

Based on that the actual implementation details will still be subject to adjustments as stated by the finance minister.

But I also agree with you guys @streetinvestor2, @unite4real, @itzlinda.

Next we await October inflation by Friday or next Monday.

16.xx would be nice.

Let MPC do a 300bps cut and start dropping fixed income yields too ahead of full year '25 results.

Let's have our normal January rally again.