₦airaland Forum

Portfolio down by 6% this month.... December better be good.

We move!

Locotrader:
The one I am interested in all these 25%,T+2 talks is the adjustment of trading time from 10am to 5pm.This means they will also make adjustments in +-10% daily to +-20%.

Most of us will turn to day traders.Investments for dividends will die a natural death.

Dey play!😀

It really won't change things as long as listed companies on ngx aren't increasing.

There will rather be more "lull" periods in daily trading

All investments( MMFs included) gains are subject to 10% Tax as far as I know.

20%.... lands at 18% net
15% . ..13 5
10%.....9%
Etc.

ytdivine:
Which means Stanbic MMF @19.40 or so is better

ytdivine:
Is there any charge on the 20.9%?

Of course yes!.... 10% WHT on the 21% leaving you with about 19% net interest.

Gotocourt:
Hello guys, how's the rates and services of ARM ONE asset management?🙏

Go to court😜!

Someone is simply learning yet you tagged it "unwise" decision...... That choice of word is out of place

bassdow:
what you did wasn't wise at all. You don't invest blindly. You need be sure (at least to some extent) you have idea of what you're doing.

What you doing is nothing but Gambling which ain't right

alexokeke325:
.
Thanks for the reply, what's COB pls

Close of business= End of the day

Tolu2024:
I said falling drastically which means rapid decrease

Looks like "drastically" means different things to both of us.

Falling?.... Yes!

Falling drastically?.... For me,No!

Define "drastically" fess..... I want to check something.

Are you concerned about the falling or the falling drastically?

MMF is not fixed-interest investment.
Relax...nothing dey happen.

Tolu2024:
Can any guru explain to me why money market interest rate is falling drastically?

We go again today......


Happy trading/investing

Taking their respective OS into consideration, Acesscorp is really not cheaper than first bank.

Let's see how today goes.

Thank you👍👍

yusfatedeeprof:
Not worth it. I've tried their smartearn offering, which is basically ARM mmf through their transsnet assets management.

1. The actual interest paid is lower than the advertised rate.

2. There's a lack of transparency regarding interest calculation and the rates applied. They just show you the amount.

3. They charge an outrageous processing fee, 1% of your capital (up to ₦3,000). Although Palmpay Premium members get one free purchase per month.

4. Interest can be unpaid for up to five days after funding your account.

I use Cowrywise now and I've had seamless experience with them.

Any one here subscribed to the ARM MMF on palmpay?.

I just wanna know if I'm on the safer side or I should register directly with the ARM MMF app

EDUECO:
The pull back is not encouraging at the moment.

I'm looking forward to the COVID 19 era pull back.

Dey play!

We both know that can't happen yet except COVID-like pandemic occurs or there is a massive global financial meltdown.

That your prayer/hope no go work!😄

Raider76:
The market is so dull. No mad dash out of FBN is manifesting, at least this early in the day.

I'd rather say cautious not dull....... It's still a long day/week

You do know that the only thing certain in life is uncertainty...... You sound as though you're clairvoyant.

Bigger & better stocks have performed below expectations in the past.

Let's try to be moderate on optimism.

parisbookaddict:
for those
panicking about wapco and selling, i have been in the nigerian stock market long enough to know that those selling now will regret it in the first quarter of next year. wapco is an exceptionally sound company and a bargin at 65 naira and because of this I will be purchasing more.

60-90%😳😳......Anyway,you didn't include a time frame.

emmanuelewumi:
Try Zenith and GTB at their current prices they are highly liquid with up side potential of between 60% to 90%

Calm down bro.... It's also one of the fastest way to be financially ruined. It could swing both ways.




[quote author=aremso post=132858510]Sometimes I wonder why majority of guys don't discover the fastest way to multiply naira in Nigeria which is trading US stocks, am sure just a matter of time this space will create millionaire in dollars then billionaire in naira. No stock can do 100% on nse in a week

Tpst did 2800% last year October in 3days
Foxo had done 600% in a day last week
GNS did over 100% yesterday
Drug has done ove 700% few weeks ago
Ensc has done over 300% in one week

Panadee:
Not really a ‘liquid’ stock. Don’t know if it can move enough units to appreciate in price

It's as liquid as it gets when its time comes.

mikeapollo:
Watch out for International Breweries and Unity Bamk. Those are the stocks that can do "an Oando1" when they rebound after their restructuring/turnaround but I don't know when. So only those who have the capacity to invest and wait would enjoy the loot

Unity bank? ..... Mtcheew

yok:
TARGET TECHNICAL ANALYSIS EARLY MARKET COMMENT- 4 OCTOBER 2024
Labour report is likely to be below or just meeting the consensus figure. This will translate to more rate cut expectations.

Our focus is back to Chinese stocks and we expect a bullish day.

Let's see how it goes...

This person get mind sha.... Wealthng with their outrageous charges?😠

designking:
My friend claimed he bought Oando shares today at ₦16 and he even sent me this screenshot.

Do we have 2 different Oando stocks trading on the NGX

Gbagaun!

Mpeace:
Seplat exchange rate for 3cent interim div is 1,570.99 that is about N47.12 per share

Very overated stock especially for "struggling" investors....... Na stock split go follow laslas

Looks like Unity & NPF want shareholders to appease them like gods for their suspension to be lifted........ Unserious entities?

SonofElElyonRet:
A minute too early

Kinda😜

Ding Dong!

yok:
MARKET IS BLEEDING AT THE MOMENT
This is a difficult time in the market. We need to encourage ourselves that better time will come.

Somehow we are putting whatever we have now into coffee can and find taps is key at the moment.

Let us just take this as a slowdown or waiting time. Again we are lucky that this is not forex trading or else losses could have been bigger.

Your commitment to keeping this group "alive" is quite commendable.

Market may be bleeding but it's also an opportunity to re-enter/enter the dip.

One thing is sure....no pain,no gain!

yok:
MARKET IS VOLATILE
At this point in time, market is waiting for a catalyst. Probably after Thursday news reports the market may start to stabilize.

So until Thursday after the news, the volatility may continue. So let us be careful.

We move.....

The noise about oando is just unnecessary.

The fact that it's BULL now doesn't mean it can't go go BEAR soon. The way some of us here(even some Agba stock OGs) sound VERY CERTAIN about stock price makes it look like we've got NGX in our pockets.

In stocks,the only certain things is uncertainty(the degree differs though).

Enough gloating & stock-shaming non-oando believers.

I'm with oando by the way

essentialone:
eTranzact Plc, a leading e-payment gateway company, has announced the expansion of its utility bill payment solutions to the northern region of Nigeria. Residents of Jos, Bauchi, and Kaduna can now effortlessly top up their electricity bills using the Powercode service by simply dialing *389# on their mobile phones and following the instructions. This expansion underscores eTranzact’s commitment to providing Nigerians with an easy and convenient lifestyle. Group Head, Financial Services and Collections at eTranzact, Abimbola Reis, expressed the company’s dedication to improving accessibility for all Nigerians: “At eTranzact, we are passionate about leveraging technology to make everyday tasks easier for our customers. By extending our Powercode service to the northern region, we are ensuring that more Nigerians can enjoy a seamless and convenient experience when managing their utility bills.” Powercode is a simple self-service electricity payment solution that allows people to manage their utility payments using USSD codes on their mobile phones. It is already available in several Nigerian cities including Abuja, Enugu, Ibadan, Benin City, Kano, Port-Harcourt and Lagos. This service, provided by eTranzact, makes it easy and convenient for users to pay their utility bills without needing internet access.

Let's hope this news will make the stock shake body at least small..... It's been falling yakata for a while now

Market Go open tomorrow?....abi strike go strike trading tomorrow?