₦airaland Forum

Seun:
It’s a meaningless term. To me objectivity and morality are not compatible. Every moral actor or group of moral actors has its own morality. If a sentient creator exists, his morality is just one of many. He judges right and wrong from his point of view, just like all other moral actors e.g. elephants, lions and human beings.

From a lion’s point of view, killing a baby elephant is morally acceptable because they have to kill to eat, but from an elephant’s point of view, lions that kill elephant babies are evil animals that ought to be exterminated.

From the hypothetical creator’s perspective, allowing little children to have cancer or be raped may be right, since he allows these things to happen; because he sees them as his playthings (he is the potter and we are the clay, right?). That doesn’t make those things right from our point of view as decent people. Any human who allows kids to be raped even though he could prevent it, would be condemned as evil by all human beings.

If a creator exists, his morality is just his subjective morality. I do not believe that picking one moral actor’s subjective morality and labeling it as “objective” makes sense.

Actually what utterly lack sense are these rantings you put up.

You know what? you're right, god doesn't exist. That's the god in your head though.

However, the God that I serve exists. I converse with Him daily, I enjoy His influence, in Him, I have experience supernatural, so IT CAN ONLY BE FOOLISH OF YOU, THAT YOU'LL EXPECT ME TO AGREE TO YOUR BLIND ARGUMENT ABOUT HIS EXISTENCE.

let any fool argue all his life about the existence of your biological father, perhaps you'd be convinced against his existence.

You know what else, I'll yet send you a proof that'll be glaring to all. it just may not be the most palatable thing to you. Wait on it though.

You be talking as if your opinion counts for anything. Prideful ignorance!

Seun:
As an atheist, I wish I could find some proof of the existence of God in order to free the Filipinos from this murderous buffoon. But there's none.

And you that cos you possess every form of knowledge shey?


"Prideful ignorance "_ that's what describes your assertion.

Good thing is your silly opinion only counts for something with ignorant folks like yourself, and in case you haven't noticed, you guys are an insignificant minority. Your entire lives are grossly meaningless as you've chosen to make them.

Agbalowomeri:
Are you sure you will find 10% DY here?

Take a look at NESTLE and STANBIC, 5-8% should be more like it.
The 18% was hypothetical.

Agbalowomeri:
You have a point but it's way out of my league

Maybe it's too early to conclude. Would you really pass on an 18% DY on this stock?

yom2:
I don't know why our foreign reserve is no longer growing. it has stagnated at 47b for d past 2months. unlike before emefiele use to announce significant increase every 2weeks.or are they siphoning election money first?

Amongst other reasons,
The surge in reserves positions were partly due to eurobond issuances. There haven't been much of those recently (since May), rather, coupons on the ones issued have been due for payment. So the relatively less inflows and more outflows explains the stagnation to some extent.

stcool:
MTN overvalued? Better than 80% stocks listed on the NSE both in terms of revenue and profit, presently or future projections.

Although reports about this IPO have been mostly speculative and unconfirmed.

But I've heard they intend raising $500m from the IPO, and again I hear they'll be listing about 25% of the business.

Should this numbers correspond, a $2bn cap would make MTN NG grossly undervalued.

For me, if the offer implies a cap of $5bn or less, it'll make a great deal.

It's no brainer to realize that this stock will be an FPI favourite, and will enjoy the same premium pricing as NESTLE and STANBIC.

One of our many lessons in this trade is to realize that a rule may not always hold in every case, so "It's probably overpriced" may not be true of this IPO.

Let's just keep an eye out for the implied fundamentals of the stock when the offer gets published.

Market cap,
PE,
DY,
and sorts.

NESTLE, DANGCEM, STANBIC, which of these trade below their IPO prices?

Not every stock is same, not all IPOs will be same.

What if someone was heavy on NEWGOLD ETF, 50% loss in one day.

robobo:
he is not talking abt Dow, he is talking bat NSE

for ur take hw abt trade / tarrif war escalations; taper tantrums ; local elections. These a major immediate headwinds that are bound to affect the NSE negatively or do u think anything positive is in the near term?? wld appr8 if u share ur thinking


note im invested and not talking it down (like some folks) just that reality one must face

I know his projections are for the NSE ASI.

I'm just trying to point out that the market may have just advanced past some price levels.

Quoted companies are recording record revenues and earnings-much more than the 2015 levels, the local currency is currently worth just about half its 2015 value, yet we expect prices to return to 2015 levels.


Personally, just as we know there's nothing to drive the market to a 45k bull, I don't see as well, anything that'll drive it to a 30k bear.

The economy has better hopes now, than it did in 2015, and it's been said, that the election ish is overrated. I agree to that.


That's my thinking you asked for.

Agbalowomeri:
So we expect the index at 32k by Sept, and 28k by Nov/Dec by which time son of man will march in and have a refill for 18months

Sir, just for knowledge's sake, what's this projection based on?

Imminent currency crisis, declining companies' earnings, or just.....

There have several been booms and busts,
yet we may need another global crisis to see the Dow below 20,000 again.

Yayira:
Nawah oo the blood never still finish ? Oga King e don do na

Ignoring some posts would fix this. Replies are kinda like fuel to the blazing flame.

currentprice:
halfbread my brother better than 20% loss on zenith

You too on Zenith?

One is nearing its bottom, the other's approaching a ceiling. Nothing will last forever.

someone had 3m units right?

locodemy:
Hmmm.Until they shoot you,you will close your mouth.
But the oga is suppose to be an Engineer by profession as he told us.
How come he suddenly turn to a soldier.we are no longer safe here again.
My mouth.I hold you kpiam.

The Defence Academy trains engineers for the Army.

KingDTee:
Yes because I have been a sideline guest observer for nearly 4 months now.
I believe u caused his absence when u called him 'fake' here. Just shut up for once this man or is it woman!!!!
U must be a serious mental case! No wonder the 'madness' name as ur handle. The '911' emergency no attached to it also shows u seriously need help for ur mental disorder.
Personally l have benefited a whole lot from the many post of that Oga u called fake. For all I care, Sir OGG is far far better than u.
I don't know him (wish I do, but he hasn't replied to my mail 2 days ago) but reading thru all his post, I can tell that that onegentleguy Sir must be a good person who is always ready and willing to inform and help others. He and a few other fellows are great assets here. We surely do need his kind a lot. Especially newbies like me, so don't come here and spew rubbish!
Reading thru ur many post, I can tell u have always had issues with several people here. U are the one that is even far worse than fake. U behave like a cow!
People like u should not be here.
If I knew u in person, I would've drilled u down. Bloody civilian!!!!
I have a few of ur stupid kind reprimanded in the barracks here. Idiot!

Even if you knew him to be a General?

You see, that's the problem, you assume cos you're an army officer, he has to be some ordinary civilian.

You started by referring to his post as "stupid", all he did in response was mention the fact that the newness of your account is suspicious, and you're wanting to drill someone down already.

Ease it sir. Life should be easy.

locodemy:
You can only tell a blind man there is no oil in the soup but cant tell him there is no salt in the soup.
After studying zenith chart,market chart and our political chart recently,I accepted defeat.There is fire on the mountain.

If only charts were perfect.
There's a reason we can't build algorithms for stock picks.

locodemy:
you never see anything yet.If you cant tolerate the nonsense better sell now o.zenith i know will go below #20 after this coming result.our political system is getting worse everyday.Think of PDP trying to take over power by all means.Did you see the foreign investor who has about 16% shares in Nahco.what did he do?vuuuuuuuuuuum.

My post wasn't about losses. Entry price was comfortable for me.

@rationalmind, my projection isn't based solely on the bank's result, I am looking at the dividend yield in comparison with what's obtainable at the alternative markets.

Agbalowomeri:
You obviously do not understand the behaviour of the stock you hold. There was a year Zenith declared dividend (I think 2016), price never moved for dividend yield to reduce below 10%; and we are donkey months away from year end sef

I don't think it's so much about a stock's behaviour as it is about the investors.

The point is if yields in the fixed income market remain in the 13% region, investors would most likely price zenith appropriately (above #20 in this case).

If anyone yet waits for Zenith at sub 20, well your wait might just be for as long as it takes the board to approve a rights, do a reconstruction, or change their current dividend payment culture.

DrMuzoic:
Good morning everyone. I just treasury bills. I will like to know the pros and cons for choosing number of days whether 30, 90, 364 etc.

I also want to know the difference between TB and Axa mansard money market and how to calculate the interest for Axa mansard

Good morning doctor,
First, there are only 3 available tenors in the T-bills primary market: 91, 182, and 364 days.

The pros of long tenors include a higher interest earnings, while the cons include inaccessibility to your funds for a longer period. Then it's vice versa with the short tenors.

AXA's is a collective investment fund that invests people's funds into T-bills majorly, as well as other money market instruments (FDs and CPs)

To calculate your returns, you use the simple interest formula:
I =PRT/100

Read more about Money market funds here:
https://www.nairaland.com/1912965/mutual-funds/90

When I held fidelity, it was like the most talked about stock here, now I hold Zenith, and it's on every page.

I am 100% sure that this stock won't trade below #20 for the rest of this year.

Assuming a 260k full year dividend, #20 gives it a 13% DY, and with the current trend in the fixed income markets, I don't see Zenith, or any other big cap, doing above that yield with dividends.

It may not even touch Oracle's 22 before reversing.

Omonigeriarere:
Stop leaving the rates to the discretion of banks since you can not loose any money due to % you quote.

I actually took 12% in 91 days as a risk and it pays off.

For the sake of us learners, are you saying you placed a bid for the 91-day bills at 12% and it sailed?

I'm asking cos the stop rate at the last auction was 10.0000%

cdieli:
Is it advisable to play around on Monday again.

Why not?, the more, the merrier now.

battleaxe:
I am still not clear as to why your friends lost money.

100k$ in 2014 would have been about 20m.

With compounding over the last 4 years, that should have increased to about 34m to 40m using the range of interest rates we have had over the last 4 years.

At a worst case, I would think they would have their 100k back. Yes, still less than what it could have become even at the 2 to 3% rates in your US, but not a loss.

Could you shed some light on how the value dropped to 50k? Unless they just kept it without investing or applying compounded interest?

Great to have you around sir.

uvbiakpo:
Would there be opportunity for me to buy treasury bills worth 2m tomorrow

There'll be certainly. so far you're comfortable with the offered rates. try FBN or Stanbic for great deals.

Marpol:
Please when is the next treasury sale date?

July 4th.

Desanta:
Fxmanager should be banned.
Let him go and open his own thread and stop spamming our thread.

He knows the kind of folks here. He knows the probability of him getting any of us to sign up to his deal is SUB ZERO. yet he keeps making funny post.

Mynd44, Fxmanager needs a temporary ban please.

chukzyfcbb:
You have summoned me back here after low rates sent me to stealth mode.

for real estate this has always been my thought.
Investing in real estate for cash flow is good but no super smart if you ask me. Land flipping is a much faster way to make it in real estate.

Eg If I had 100m naira, rather than buy a plot of land build a 3storey building worth a total of 100m while earning 5-8% (5-8million/p.a) annually , which is the average in Lagos by the way. I would rather buy 5 pieces of land worth 20m naira EACH at several location.

I mean ask yourself, what exactly makes a house costly? its typically the LAND and its surrounding economic activities! The structure itself requires a whole lot of maintenance to uphold its value. You have to re-paint , repair roofing sheets over time, plumbing work and etc.

Erecting a structure to me is Over hyped! Most people just do it for the prestige that comes with it Land flipping is the real deal.

You can have 5pieces of land worth 20m each, in 15 years, each piece of land could be worth 60m or more leaving you with 300m. While the one who erected a structure is battling a depreciated roofing sheets, tenants court cases, filled up soak away and co.

I understand most do it for cash flow. which is where Tbills comes to the rescue a place to earn cash flow with no tenant wahala or vacant flats problems.

In the end, Its good to spread your investment across different asset class coz you don't know the evil that could befall you. Even the Holy book supports this.

cheers!

Awesome!

Meanwhile rates are gradually recovering. 10.7 to 11.5 now.

ositadima1:
A 10% monthly ROI? With this wonderful strategy you would be richer than all the world richest, present and past combined, in the next couple of years, I have run the simulation, it turned out more zeros than my computer can handle.

My question is why are you spamming this thread, I don't understand, you have cracked the code to infinite wealth haven't you?

Get a loan from GTB or what ever bank you use and conquer the world. Cheers.

Or he could just start with the money for his data, 5k may be. I'm sure with this amazing scheme of his, he would make millions out of it.

X21:
at 15.4% compounded, 35m in 20yrs is Ib
A B C D E yrs principal intrest rate intrest B+D 1 35,000,000 15.4% 6,387,066.24 41,387,066 2 41,387,066 15.4% 7,552,626.67 48,939,693 3 48,939,693 15.4% 8,930,887.44 57,870,580 4 57,870,580 15.4% 10,560,663.72 68,431,244 5 68,431,244 15.4% 12,487,853.97 80,919,098 6 80,919,098 15.4% 14,766,732.55 95,685,831 7 95,685,831 15.4% 17,461,478.23 113,147,309 8 113,147,309 15.4% 20,647,981.61 133,795,290 9 133,795,290 15.4% 24,415,982.36 158,211,273 10 158,211,273 15.4% 28,871,596.55 187,082,869 11 187,082,869 15.4% 34,140,305.11 221,223,174 12 221,223,174 15.4% 40,370,487.69 261,593,662 13 261,593,662 15.4% 47,737,601.37 309,331,264 14 309,331,264 15.4% 56,449,122.01 365,780,386 15 365,780,386 15.4% 66,750,387.19 432,530,773 16 432,530,773 15.4% 78,931,505.61 511,462,278 17 511,462,278 15.4% 93,335,527.17 604,797,805 18 604,797,805 15.4% 110,368,104.16 715,165,910 19 715,165,910 15.4% 130,508,915.36 845,674,825 20 845,674,825 15.4% 154,325,175.00 1,000,000,000

Brilliant! Thank you.

NL1960:
Use this link below for calculation.

http://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=10000000&cyearsv=20&cinterestratev=11&ccontributeamountv=300000&ciadditionat1=monthly&printit=0&x=69&y=20

This one even has piechart and yearly breakdown. Awesome!

But I tried editing the figures, the result isn't changing.

zamirikpo:
Awesome calculation and a very sound review. First I don't know about most of the guyz here but in 20yrs driving a lambo with probably my walking stick may not interest me, Savings and compounding interest maybe a sure thing but too slow for my liking, and like u mentioned devaluation of the naira and other unforseen events could affect expected returns.


What we should concentrate on ,is on the best strategy to save and compound interest,at whatever initial capital we can afford and see where it takes us. And also explore other ideas in real estate and other possible investments that may churn out money faster.

@awesomej I am very bad with calculations but how much would I save in 20yrs if I have an initial capital of 10m today with a monthly savings of 300k. @ a minimum interest rate of 11% in TB.

I used this compounded interest calculator that was once posted by chukzyfcbb

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

I got 351m.

But I think rational mind's figure is more accurate sine I had to approximate the 11% per annum to 0.92% per month as against 0.916667%. And like he said, every little increase in interest rate amplifies the compounding effect.

As for devaluation, see it as an opportunity rather than...you should position yourself to benefit from it. Thesame devaluation that gave Access Bank an FX loss of N5bn in 2016, gave GTB a gain of N 87bn.

feelamong:
Interesting...at what Interest rates are you calculating this and at what Principal to start with for a young Entry worker graduate staff of First bank Plc who earns about 120k monthly.

I saw you viewing earlier today. Great you didn't just leave without dropping a post. I mean it's great to hear from you sir.

About this 20yr 1bn discussion,

First, I want to say that compound interest works some crazy magic.

2m initial investment with a monthly addition of 200k compounded at 12% pa will amount to 220m in 20 years.
By the same token, 9m initial investment with a monthly addition of 900k amounts to 990m within thesame timeframe.

However, there will still be currency devaluation, bargain prices for stocks, as wells as above 20% T-bills yields within these 20 years, because markets are in cycles. Getting it right with any of these opportunities would greatly amplify the end result. It could exceed 2bn eventually.

There was recession in 2016 and part of 2017 yet banks made record profits, from the opportunities I mentioned above. Timing is really key to investments!

ahiboilandgas:
that olden days people investment...i have a rental property of like 30m value it a 4 unit 2 bedroom and gives 1.5 m annually.. 3 tenant paying up 1 idiot chap defaults,I still spend like 100 k on the property for maintenance is not a very good investment ...if na South the property dey I for don turn am to hotel

Wow!