₦airaland Forum

Pierocash:
You sound confused. Have you ever seen a governor resigning just to contest Senate seat? A lot of Nigerians are really not too informed

Honestly I haven't seen such before
People only resign from senate to contest for governor

DataAnalyst2022:
Zedcrest might possibly be into loan also. Anytime I reach bongo, I will join Zedcrest. Those guys surely know their onions with what is happening across all other FMs.

I said the bold last week too, might be possible. Even CSOF I suspect they are into loan too, reason they put a 1 year lock period on the investment.

Bluearrow:
I no understand the magic zedcrest is doing these days, they no longer record loss, even if the market is red. Abi na money lending those people con dey do

CSblackpink:
I tried to pull out some bad days of Koru; if this happened in NGX, no one would ever trade again.

True

ibechris:
I have four children and I can take care of them and I can't imagine me not having children whether I am poor or rich...but by my own standard,I think I am financially stable based on my earning power.
So,everyone has a choice of both rich or poor to make...the choice is theirs to make.

But their choice is affecting others
I watched an interview of two boys that k!lled their 17 years friend recently. After listening to that interview, I realized the damage birthing kids u can't cater for can be damaging to the society. It is not enough to say it is choice, when it affects the society in the long run. Why do u think there is so much banditry in the North? Parents birthing kids they can't cater for, is a monster problem in this country.

Beeron:
Your concern is really valid and honestly, many experienced traders, investors and Equity fund managers will start getting cautious when everybody suddenly becomes a “market expert” and some low cap stocks start doing x2/x3 quickly, social media becomes euphoric with the news and some people will begin to believe stocks only go up and they can quickly invest in hope to double and triple their money and so they just buy in and in the process creating a bubble.


But first:

let’s separate crypto psychology from stock market reality because they are similar in some ways — but also very different.

I also trade Crypto, crypto futures precisely not spot trade, Infact, crypto Futures trade was the reason I had to learn and figure out a strategy to study and predict market behavior via chart after losing lots of money trading futures, so you can say I learnt on the job lol.

Anyways, eventhough if a bubble is created in the Nigeria stock market, Nigeria stocks doesn't crash like crypto, Crypto can crash 70%-90% quickly but NGX crash slower, first, it enters a bearish season(the phase where CSpinkblack usually says, top up, top up... ..... I love that guy lol), then secondly, it enters a phase of trapping late buyers, thirdly, it enters a phase of wiping out speculative stocks (this is why people always advise newbies to invest more in large cap, high volume stocks and ignore speculative stocks like Zichis, redstarex, stocks in the insurance section etc)


Now large cap, high volume stocks are usually tied to companies earnings, dividends, interest rates, inflation, FX, and corporate governance and policy.

So, high volume, large cap stocks usually recover eventually "quickly" after bubble burst, correction or crash. But you can't say the same of crypto or low cap speculative stocks as they usually take long time to recover.


So to your other question, Can forthcoming elections affect stocks negatively?

The answer is yes, because before elections markets often become nervous, volatile, cautious and foreign investors especially reduce exposure. If you ask me why.

Well it's because, Investors hate:
uncertainty, policy surprises, instability risk

Foreign investors may wait until election outcome is clearer and stability is confirmed in the country.

Thank u for the detailed explanation as always.👍 Seeing speculative stocks doing numbers was what triggered my concern. Anyone that can survive cryptto futures can survive anything, I think cryptto futures is the most riskiest trade as far as anything trading is concerned. Na spot trading I waka reach.

I have not really been into Nigeria stocks, I just got into stocks recently because cryptto get as e behave this season. But at this point I'm wary of the way the Nigeria stock market is going, it is just too bubbling for my liking & these kind of bullish run usually come with a serious dip that will throw everybody off balance. That's how cryptto works, I don't know if that is how stocks work too. I'm just talking from my cryptto experience & I maybe wrong. Everyone seems to be talking about stocks on social media, even new stocks are doing x3 within days & everyone seems to be a stock expert on social media. I just hope a serious crash doesn't accompany this rise.

@ beeron do u see the forthcoming elections having any negative effect on the stock market?

welzyj2:
Paramount has served final yakubu for the week👏👏

Lol

CSblackpink:
Chief, you should be working for the top equity fund managers. Zedcrest or CS should hire you.

Honestly the guy understands ngx like the back of his hand.

Beeron:
Good morning everyone.

Here is an update regarding your investment in Equity mutual funds.

Some of you might have been experiencing red days lately — the reason is simple, people are now taking profit en mass, So ASI has reached it's peak for now.


Two things might likely happen starting next week:

1 — Green arrow, means a long consolidation starting next week, basically, it means some days your will see profit and some days loss but not huge profit and the loss days will always cancel profits until ASI finds new support and begin a new rally.


2 — Red arrow, means ASI will just suddenly dip, meaning more red days due to institutional money leaving the market. When that happens, other retail investors will also be trimming their profit making ASI go further down until it finds a new support and begins a new rally.


So now what do you do and why am I writing this?

CSblackpink usually talk about top up during red days, Wise idea— but you have to be strategic about doing it, I see people doing it before now, I knew it was too early to do it, but It's not a bad thing, this is why I didn't say anything about it. Sometimes when you top up too early, that money too will also dip, so you will have to continue to buy the dip as it further dips. Not every one can always afford that.


Now what I recommend is simple — Now that it's profit taking season, Also take your profit and move it to mutual fund investment. After ASI has found support to begin a new rally, then you can withdraw your money from mutual fund and buy the new dip. I will also let you all know then when it's safe to buy but it's usually difficult to know when there is long consolidation going on.

But then again, for investors that can afford to keep buying the dip, please continue, because that's another smart strategy because eventually you will regain your losses when ASI begins a new rally.

In summary, this is time for profit taking, take profit, hold It and buy more units after profit taking season is over.

I am in a rush typing this because I need to go for my early morning jug now, when I come back I will answer any question if you have any.

You have been really helpful here
Please do keep us updated

teeboi77:
Chaii

You should be happy
If today activity had counted, u would have recorded some loss on your capital

teeboi77:
Alright boss,will today's activity also count for me?

No

teeboi77:
Please bosses in the house how long does it take for fund to reflect on CS after subscribing??I deposited and got confirmation email but account has not been updated

It will update after 12am midnight

princezzz:
I am trying to use the DCA method effectively,
Unit numbers also matters in the long run too.
But i underestand Fear of missing out(Fomo)

I will suggest whatever amount u want to invest, split it into 4 for each week of this month. Seems it is going to be a bloody month for May

teeboi77:
I just want to join the CS gang,is the attached screenshot correct?

Yes it is correct
This is a good time to enter CS

teeboi77:
Good morning bosses,I am currently on Zedcrest and thinking of joining CS too,Is it okay to join CS now or top up ZED?? If i have like 400k how should i share it between Zed and CS?

Top up CS, it has been bearish since d beginning of the week.

Bizman2024:
Same with Paramount, red for 3 consecutive days, if not Zedcrest and stanbic that came through yesterday this month for just continue on red balance for me. The month is looking struggling between Yakubu and Kanayo so far.

Yes it is likely going to be a sluggish month like March

CS about to wipe out all the gains they made for last week. 3 consistent days of red. Apart from zedcrest, all the rest fund managers aren't really that different from each other to me.

Beeron:
I don't know your age but the fact that you are willing to wait 20 years.
Here is how you would go about it:

Spread 2 million each in five large cap stocks that pays dividends (bank stocks; GTCO, Zenitn, UBA, Stanbic, Dangote Cement or MTN. That will amount to 10 Million.

Then, Invest about 2 million into Cardinal stone Equity mutual funds.

You will be left with 8 Million. Throw that into Stanbic MMF.

Then go sleep and pray NIGERIA does not disintegrate before 20 years time because as long as Nigeria won't disintegrate; After 20 years and with this strategy, you will be financially secured for life because your investment would have over compounded such that, you can ball alone from stocks dividend pay out. Not to even mention capital gain appreciation.

Billionaires that leave the buck of their wealth in stocks does that for a reason and you will find it out in 20 years time.

If only the guy know how valuable this advice is, him suppose buy wine come give u.

LoriHamo:
Chaiiii
I kept updating the group with my experience with those mugus

Chaiiiii
Sorry bro
My money never recovered.....I ran away when it managed to get close to my initial capital...
Even after placing withdrawal....they kept trading and depleting my money

I am honestly surprised to see many people use quantum zenith here. Even while we were lamenting about our experience, these guys never made any contributions. Some people are really used to bad condition.

@ omotola224 I have since replied to your email with my direct mail. I no longer have access to the one on this account. Maybe u can check your spam folder.

I no understand the magic zedcrest is doing these days, they no longer record loss, even if the market is red. Abi na money lending those people con dey do

ollypass:
You must have a very retentive memory ..cos me no remember that is them that owned it o...sha my point is I expect them to run Thier app better than all these glitches being complained about looking at being one of the O.G. fund managers ..haba see cowry wise there na ..seamless update , zed crest same . Let them go and work on Thier entire interface jarey.

I agree with u they need to improve on their app to avoid these glitches. But why I still have my regard for paramount equity is because of their consistency in terms of performance. We can't really say how zedcrest will perform next year, gt equity was among the top last year, but see how bad they are performing this year. I think among them all only paramount has been consistent in terms of performance for couple of years now.

ollypass:
hahahhahahahahhahahhh... thanks for the laff on a hot hustling Tuesday ..seriously begining to wonder ...what's the connection between chapel hill and the invest naija app..cos I expect better performance than this from an institution that is always top 4 in any ranking of equity funds

You must be a very skeptical person @bold
Someone has told u before on this thread that Chapel Hill is the owner of investnaija app, same way Cardinal stone owns CS alpha app. You are still stylishly asking what is the connection lol

Sirchiboy:
Is investnaija a scam.
Made a withdrawal since yesterday and up till now.
I never receive my money.
Very useless app

Withdrawal on paramount takes up to 48 hours.

Mixology:
Hi guys, please does anyone know someone who works at first bank. I’m trying to increase my transfer limit but I can’t seem to be able to do so on my own.

You will need to go to the bank so they can generate a token for transfer above 1m

WriteerNg:

---

If he tries it, just print obituary pictures for all 350 million Americans.

Because Russia, China and North Korea will Nuke America to extinction.

There will nothing left except pile of radioactive ash.

And the world will finally experience peace for the first time in 3 centuries.

See this one
What did Russia & China do when America used little boy on Japan?? Those ones won't do sh!t! It will be extremely unfair & unjust for US to use atomic bomb on Iran since the major cause of this crises is because of Iran nuclear program. Not because of China or Russia will do sh!t.

Ogborokiri:
Can i topup my CS, Zedcrest and Paramount now

You can't top up CS & zedcrest till Monday, but u can top up paramount on Sunday, the money will reflect on Monday. Because if u top up paramount on Monday, the money will reflect on Tuesday.

Arizona86:
Omo the heavy red on Stanbic today ehn....God abeg ooo

It is safe to classify stanbic & gt equity as advanced money market fund. Whatever gains they make, they are going to spend a longer time taking it back.

234ng44uk:
I will try this out. What's their current mmf rate?

Usually between 17-18%

ollypass:
@ blue arrow I just noticed I missed out my middle name on the Zedcrest app ..how do I go about editing it ?

If your first name & last name is correct, I don't think middle name is an issue. You can add your bank account now even if u have no intention to withdraw. So their support will let u know if it is an issue, but I don't think it is.

LoriHamo:
Exactly....the money never recover....

Monday was understandable....but Tuesday loss?.... It can never be explained

They give gains today & take more back the next day. Gt equity gains no longer excite anyone. For quite sometime now, my gt equity balance has been stagnant as compared to others. One step forward today, 2 step backward tomorrow, that is how they have been operating.

omotola224:
Signed up
Is it ok to buy equity right now on paramount

Yes u can buy some & reserve some cash for red days. Just that with the way the market is going, waiting for red days before buying can be unprofitable sometimes. Even when the red days happen, the unit price don't drop much. Last Sunday I wanted to go hard on zedcrest & paramount, but I decided to deposit 50% of the fund for each with the hope of using the remaining 50% for bearish day, now I'm regretting why I didn't put the whole money. The money is just sitting idle & unit price for paramount & zedcrest have really gone up from Sunday till date.