₦airaland Forum

ibechris:
Still on the matter, educated people are not rich compare to these daring business guys...in fact,I have them as friends and I can say it boldly.

Whether they inflate invoices or not that is personal to them.

Sir, don't generalize like that oo. There are some wealthy lectures in this country. My former project supervisor who is a professor is one of them. I wouldn't know if i didn't relate well with him before he started opening up to me on his life after school and why I should take investing very serious. This was a man that has been investing in Nestle shares when it was selling for below 100 naira. I can with all sincerity tell you that prof is worth hundreds of million of naira. A very simple man that still drives his old Mercedes-Benz.

Most lectures are very passionate about teaching that material wealth don't really freak them, but if they tell you the investments they have you wouldn't believe them because they live very simple.

Although I agree with you that there are more wealthy self-employed/business men compared to the working class or employee. But saying there are never any wealthy employees/teachers in this country is what I will disagree.

haykay2005:
To the newbies, don't go n start dreaming and burning money on different variations. It takes years to get stability in domaining, especially on brandable niche, which is the toughest. Good luck guys

Congratulation.
What's your portfolio size.

emmanuelewumi:
I saw him on Wednesday at Eko Hotel during the Extraordinary General Meeting of Dangote Cement.

Please who is Dr. Umar Faruk. Is it the one that is the emir of daura or the other faruk who is the non executive director of GTL registrars?

2sexycom:
Brandable lovers should check out PickyDomains.com. They have been the name contest as far back as 2010 and I have account there since then but never won a contest

Sir, why are you calling my name.

emmanuelewumi:
It depends on you, I invest for cash flow but when crazy capital appreciation occurs I book profit.

Invest in businesses with history of regular dividend payment in the last 10 years, make sure the dividend yield will give you a minimum of 10%, also consider companies that have been growing their profits in the last 5 years. Make sure you don't over pay for any Investment.

Very difficult to time the market, if you do you will just be working for the stock broker.

Sir, nice strategy you've got and I appreciate you sharing it with the forum. I would like to ask, since you invest for the cash flow which is the dividend that a company pays and you go for dividend above 10%, if you're in a situation where you invested in a dividend paying stock above 10% and the the stock appreciate in price with return above what you'll get from the dividend, would you sell the stock and lock in profit. Or would you leave it even if the stock is still below it's fair value.

aremso:
You are very correct., everybody has what works for him/her but am sure the investor of all time Warren Buffet does not have 60-100 stocks in his portfolio and yet for more than a decade now he has always be among top 20 richest guys in the world with billion of dollars going to charity. Just my thought though

Buffet company, Berkshire, owns 48 securities with a market value of $251 billion.

Agbalowomeri:
Abeg na this babe interest me
Where she dey?

Lol
Ijeoma in Igbo means safe journey

.

emmanuelewumi:
You cant go wrong when you use dividend yield as your guide

Nigeria Brewery at N140 paid a dividend of N3 that is a yield of less than 3%, international brewery has not paid a dividend in 5 years. How come your stocks ate in the brewery sector are you a Shayo?

Pension fund are invested in stock, they invest in companies that have been paying dividends consistently for 5 years and above.

Dangote Sugar at N10 last year paid a dividend of N1.1 that is a yield of about 11%, with the closure of the border the financial performance improved tremendously currently at N14.00 and will pay a dividend of at least N1.3 which is a yield of 9%

I always tell people not to over pay for an investment be it a property, Stock or a business. When you over pay it takes a longer time to break even, make sure that the cash flow from the investment can pay back the amount invested within a reasonable time which should be a maximum of 10 years .

Sir, how are you privy to information on stocks pension fund are investing in?

Jamesrock:
When next year

Feb/Mar 2020

emmanuelewumi:
That is why diversification is very important, you can convert your N100 million worth of Treasury Bill to cash in less than 24 hours.

Also good to have operate within the confines of the law and have an emergency reserve.

I don't believe in selling an asset or Investment in other to fund consumption, the returns from the investment should fund the consumption or emergency.

You can sell one of your houses to expand your business if the opportunities from the business are enormous.

In 2020, my prayer is that we will not have any cause to sell our assets or Investments in order to take care of emergencies

Sir, you've always preached about one diversifying. Let me put this scenario to you. Let say a young graduate between 24-27 years of age,that earns entry-level salary or just started a business that give little returns. If he is to diversify, what percentage of his capital will he allocate monthly for stocks,if he has some knowledge in it, bonds, and treasury bills. I believe real estate will be out of the occasion since it's capital intensive for him at the moment. Awaiting your reply.

OakPearl:
I use Trove.
Currently enjoying a $2.33 per share gain on Virgin Galactic bought 10th December.

I nurtured a thought of opening a tread on US Stocks picks on Nairaland but yet to commence for time sake.

Sir, there is already a thread for US stock but it's been idle since the creator jideams stop commenting.

https://www.nairaland.com/2460429/us-stock-market-even-playing

Gerrard59:
Well, I've been in similar situations and to be honest, it's not funny. My issue is with you doing nothing for two years. Two years?!?!?!?! Honestly, that's not a nice thing to hear/read. How do you cope during this period? Also, I read that you like the oil and gas industry. Well, no problem with your predilection but the industry is highly competitive and the best of the best compete to get a foot into the sector especially at the entry level stage. Another thing is that people rarely leave the industry to other industries and as a result, you would find persons working in one company or different companies within the industry for a decade or three decades sef! An example is the Head of Total Exploration Nigeria. The man has been with Total since his NYSC in the late '80s! So inasmuch as there are opportunities here and there, the competition is fierce. Seplat that her recruitment this time two years ago had over 42, 000+ applicants for less than 30 slots and some of the applicants I met were exceptional. Some schooled at the best of institutions, one even studied all through his life in the UK and lots of first class everywhere. I implore you to try other sectors provided you fulfil the requirements.

Furthermore, instead of staying at home doing nothing, I advise you find a way or ways to raise money for next year's Stutern's Graduate Accelerator Program for opportunities in the IT industry. Why I'm suggesting this is because the tech industry is egalitarian; no one cares about what and where you studied, and your grades. I know things aren't easy but you need to do something in the mean time which can change your trajectory for the better. Meanwhile, you can keep trying regarding job applications (your CV and cover letter being on point) and know your aptitude tests skills very well. Just know that it's highly competitive out there and these companies can afford to be very picky and select only the best of the best. Last year's PwC's recruitment had ~76, 000 applications for less than 200 slots. . So you see?

Cc: Efe42

Well said Gerrard. To add to what you said, for those planning for stutern graduate accelerator program, I was informed that it will kickoff next year. See attached

pcguru1:
Different programming platforms transform code differently, Java converts to byte code to run on the VM, C++ builds to machine code while Python just runs direct because its interpreted so you can see they differ, just start with Java and also some OOP concepts too. All the best

Alright sir, thank you.

pcguru1:
It means you are a time waster. Stop wasting peoples time deal with your own shit and leave people alone.

Good evening, as an experience programmer, and one that has always recommend one should start with a static type language. For someone that really want to master the art of programming especially Java. Would you recommend he/she dive in first into learning Java or read more about the "Structure and Interpretation of Computer Programs" before learning Java programming language.

telim:
Hi I was into inplay soccer games but it was taken alot of my time, i stopped and channel my energy to a less stressful and a profitable method.

Sir, please could you give a hint of the less stressful and profitable method.

obamartins:
No Sir.

Just seeing this post. Seems accepting members for the training has ended. If any defaulters, I will be willing to fill the space.

starbuck:
Those in Onitsha, does iknorbert sell xiaomi RN8...

And please does RN8 work well with wireless headphones

Ma, i don't think iknorbert sell that Xiaomi phone. It would be better you contact either protein0 https://www.nairaland.com/protein0 or noobody https://www.nairaland.com/noobody or Macbeyland https://www.nairaland.com/macbeyland.

These are the three guys I can vouch for. You go through their profile, chat them up on WhatsApp and ask for the phone. Even if they don't have in stock, they can help you purchase it online and in three weeks you get it shipped to you.

I got my Xiaomi note 5 from protein0 last year December, I paid to his account and he waybill it to me through Libra motors Asaba, I had to take public bus from upper iweka to Libra motors park Asaba, which cost me 500 transport to and fro to pick the phone.

I give you my word, you have nothing to fear ordering your Xiaomi phone through any of those recommended gentlemen.

emmanuelewumi:
There is big money in Agriculture but the unfortunate thing is that the people and businesses making the money are foreign owned eg Okomu, Prrsco, Chi, Olams and many others.

Agriculture is capital intensive and it is a long term investment, that is why I have issues with the current agricultural High Yield Investment Schemes, whose promoters are not known and profiled by SEC, whose schemes are not registered and regulated by SEC.

Okomu and Presco are owned by foreigners, while Nigerians owned between 35% to 40% shares in these companies. These companies make profit after tax running into billions of Naira.

Okomu is into Rubber plantation and Oil Palm plantation, Presco is also into Oil Palm plantation.

Stanbic IBTC was the issuing house and financial advisors when Presco came to Nigeria, investors have made multiples of their investment.

A lawyer Gbenga Oyebode got about N100 million dividends from Okomu Oil he was one of the early investors when the agricultural firm was privatised by government, you can googgle his name.

Someone like me can only invest in some of the Digital Agricultural investments if reputable Investment Banking firms like Stanbic IBTC Asset Management, FBN Quest Asset Management and others are involved and the investments are register and regulated by SEC.

Presco and Okomu are in Edo State, both companies employ more workers than Edo State government

You are right about foreigners most especially Indians and Lebanese being the biggest players the agriculture sectors of this country. Not forgetting Toleram Group who are behind Indomie, Vaswani brothers who are the market leaders of every frozen fish in this country, the Arla guys are giving frieslandcampina guys are tough competition. Same thing happening in the Flour industries, Sunny Verghese and his Chanrai group who are the owners of Olam Group Nigeria is about becoming market leaders in this industries, not forgetting Chagoury Group playing it big also in flour industries. Niyya Farm Group Ltd is also penetrating the juice and yogurt market, Danladi Verheijen,one of the co-founder of Verod Capital Management saw how fast Niyya Farm is growing and keyed into it quickly now he is reaping the reward.

I respect these foreigner's patience and long term focus, just recently in an article the Vaswani brothers stated that it took them 13 years before they started making meaningful profit. How many Nigerians, can endure that long?

https://twitter.com/matthewamad/status/1193512600350400512?s=19

Saw this on twitter. We no longer have financial prediction on stocks in national dailies from the like of respected fellow like peterside and Bismarck

jd3trice:
Hello house, does anybody have an idea how much Biswal Limited pays its entry level staff? .

Sir, please how much does Biswal pay entry level staff.

pcguru1:
Dont write Java off, with Java you can write alot of microservices easily, Android apps, build console and Desktop applicatipns, there's more to programming than builindg websites. I use Java to do some low level work like stealing songs from notjustok becsuse java has thread and i can spin up thread to do more work, JS is single threaded so imagine the headache i will. I always advise to start with a static typed lamguage. I started with c++, only reason I got into programming was because someone played Playstation1 on my comouter and i was curious to study how it works, i was always curious as a child as to how things work.

Can java be used to automate things. Like being a bot developer and using API to pull an account. I intend venturing into such sector.

[quote author=Hedonisco post=82773503][/quote]Oga I read up the post before you deleted it. Please what kind of affiliate marketing skill are you talking about. Can you just give a brief about it.

Agbalowomeri:
Abeg who sabi the goods from abroad that would be affected by the closed borders?
Who knows, we fit enter production too Lol

Alomo Bitters
The price has skyrocket since the government close border.

I can categorically say that this thread and the stockmarket thread https://www.nairaland.com/1131485/nigerian-stock-exchange-market-pick are the two best thread in nairaland. Have learnt a lot from you all contribution. God bless you all and happy independence.

FA13:
Which stamping?

You only need foreign affairs stamp after u have gotten admission and want to apply for Visa.

One by one please.

Please is there possibility of stay back and looking for work after the postgraduate program. Or you have to return back to Nigeria after the program.

bigjay01:
Regret ke? Me na loooong term I de dooo ooo. What of all the divs I have collected since? My UBA holdings is sitting on a very +ve position.

My old man is 83, he still has a lot of shares bought in the 70s.

I can preach a very good sermon on long term holding

Please preach oo. Someone will definitely be inspired by your story.

emmanuelewumi:
Are you a graduate?

Good evening sir, Please i have been trying to get this book " My Life of stocks by Asalu which you recommend reading in one of your post online. I have searched various bookshops here in Onitsha and also search Amazon and online as well, but the book is unavailable. Please sir, i believe you reside in Lagos, would it be kind of you to see if there is a bookshop in Lagos where i can purchase the book. If yes, can you help me the contact details of the bookshop so i can purchase the book and have it way-billed to my location here in Onitsha. Thank you sir.

Gerrard59:
As odd as it sounds, I've not read yet but I'm a great fan of Thomas Sowell. Recently, I bought his other book "Wealth, poverty and politics" and from what I've read so far, I believe he will do great justice with Basic Economics.

But what I intend to do is a promise I will fulfill no matter how long it takes. The upcoming generation users of social media need it. Apparently, majority of the present users missed economics classes in secondary school.

You're right about the bold. I fall in that category, being science inclined, i had to go for Further mathematics, while Art students pick economics while in secondary school. Now am facing the real world, just realize how important economics is very important in our daily activities. Hence, the reason am ordering for the book next year.
Fulfilling that promise in the future will be kind of you.

Gerrard59:
As a result of the mor0nic comparison I read daily on social media where folks hinge relocating or working abroad on the foreign currency vis-a-vis the naira, I intend purchasing the book "Basic Economics" by Thomas Sowell and donate to various secondary schools. The vast majority of social media Nigerians lack understanding of simple economics. They make outlandish comparison. According to these cretins, this lad (I have nothing against him or his work) EARNS more than a banker (permanent staff) because he earns 150K when converted to naira.

Cretins!

Buy one and send to me.
Kidding, though I planned buying next year, as it's among my to read book next year. I believe you've read it. Can you do your personal summary on it.

[quote author=oneolajire post=80720726][/quote]Sir, please can you talk more on this NDT it might help someone reading this. Thanks