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Carpenter's Posts

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InvestmentRe: Mutual Funds by carpenter(m): 12:46pm On Aug 20, 2015
ukay2:
Oga ernie4life, that was for Italian treasury bills.... Lol
Ernie wants you to go international nii... grin
InvestmentRe: Mutual Funds by carpenter(m): 11:17am On Aug 20, 2015
ukay2:
@ Oga Carpenter and other gurus, please do you have 4th quarter calender(September-December 2015) calender for Nigerian Treasury Bills.
Any link? I couldn't see it in CBN website.
I need it urgently.
Thanks.
no luck
InvestmentRe: Mutual Funds by carpenter(m): 8:55am On Aug 20, 2015
IMO it has to do with interests...some people don't enjoy the number game even though they read courses related to managing numbers or work in an industry that requires dealing with numbers. Also, be ready to be involved in a discussion where you say something and a banker says something contrary and everyone thinks due to the nature of his job, he must be right. Information is key and the more the give out; the more you get...call it positive reinforcements

ukay2:
Lol


I have learnt a lot more than what I learnt in school especially in investment thread.

As a medical doctor, most of my bankers friends are not well informed the way am informed through info from investment forum in nairaland.

Many thanks to all those that put in their effort in educating us .
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 2:57pm On Aug 19, 2015
Michael11stock:
Anytime wey proshare praise any stock too much the next day na red u go see
This thread is gradually pushing to 1000 pages of information grin
InvestmentRe: Mutual Funds by carpenter(m): 2:12pm On Aug 19, 2015
purpose08:
okay i think i get a clearer picture now if i'll be investing i definately won't invest just 5k i just thought 5k will make it easy to explain. you said it unlikely i loose a part of it my principal. i just wanna know how much "UNLIKELY" that is. if you don't mind you could use yourself as an example have you ever lost a part of your principal to MMF if Yes about how many percentage of your principal did you loose. thanks so much carpenter for your time and about your 10,000naira i'll put it in a MMF for your lol
I have not lost a single kobo...infact i have gained an average of 12.5% per year. However, investments are never risk free. I give you an example...we sleep to regain lost energy for work or play the next day, so you could say sleeping is an investment for the next day. Can we sleep and not wake up...yeap, that's the risk of sleeping. Another example is spending thousands or millions in education...so we can get a job in future that pays above average. I leave you with this http://www.agusto.com/rating.php?id=104 ...Agusto and Co is rating company and this is what they have to say.
InvestmentRe: Mutual Funds by carpenter(m): 1:30pm On Aug 19, 2015
purpose08:
hello i have read a large part of this thread everybody seem to be talking about money that can be made. i want to know if you can loose money with mutual funds! i'm new to the whole thing i'm looking to invest with FBN MMF They are offering 13.8% currently could someone explain to me what could happen if i choose to invest 5,000 there how much do i get as dividend? and how much could i loose say it didn't work well. can i loose all 5,000? thanks
All these pple with 5,000 naira (movie tickets and popcoorn for two) that want you to do calculations sef... grin I will try and explain and am in a very humorous mood so bear with me.

I think what you have done is about right, no matter how small your money is, you should do proper risk assessment and ask when in doubt (try not to overthink it though).

The rate (13.8%) changes from time to time, it could be 14%, it could 12%. However, it has not been lower than 10% in 3 years to my knowledge...

The rates are yearly rates but calculated on a daily basis but that does not mean you will get 13.8% every day or month. There is a calculation to convert those rates but lets not bother ourselves with that. Let us make a fair assumption that over the course of a year, the average yield for FBN MMF is 12%. It means you make 12% on your 5,000 in a year, or approx. 1% on your 5,000 every month and you can take it futher by saying you make approx. 0.033% per day if they use 30 days in a month or 0.022% per day if considering a 22 working days in a month.

Consequently, in a year you make 600 naira profit, a month you mke 50 naira (it is painful to go further on 5,000naira) but am sure you get the gist.

Yes, you can lose all if the Stock Exchange, Bonds market and the Federal Government collapses or the world ends. That seems fair I believe...lol. The company is backed up by FBN Holdings and regulated by SEC as mentioned by Ernie and they invest is bonds, equities and other securities so unless there is a catastrophy you are safe as far as loosing all is concerned...Can you lose some, possible but unlikely.

If the above seems complicated, scratch that...here is a summary

1. On your 5,000 you make about 50 naira every month
2. Your capital is secure, low risk of losing it
3. Start now and do not over think it

I bill my clients per hour and your bill for the above is 10,000 nairagrin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:02pm On Aug 18, 2015
myjoy08:
Be fearless when others are fearful...and listen to your heart when is calling for you! Best of luck!
Heart or head? The heart has no business sense grin

just messing around...
PropertiesRe: Buy Lands At Our Planned Estate "Royal Palm Estates" Ugwuomu Nike, Enugu by carpenter(m): 4:35pm On Aug 18, 2015
Interesting thread...Oga Spyder...when are you coming to Lagos?

We need you grin

You are doing a very excellent job and I quite love the fact that a number of people have been challenging your thoughts also. All that ends well is well.
InvestmentRe: Mutual Funds by carpenter(m): 10:33am On Aug 18, 2015
ernie4life:
when and where did you invest?
have you tried sending a mail to customer care requesting for your statement (not certificate) ? if you haven't do that, if that doesn't work let me know
Customer Service doesn't get better than this...your in-house superhero to the rescue
InvestmentRe: Mutual Funds by carpenter(m): 6:53am On Aug 18, 2015
praise010:
Good morning house,
Please I have like #500k to invest. I need an advice on the best option. I can also afford adding #50k per month to the money I invested for at least the next three years.

Please an advice will be welcomed. I may further be reached via my mail as per my signature.

Regards
There is no best option, luckily you can get into any of them with 500k. Select one that resonates with you more or you can decide to spread it around. All the best
InvestmentRe: Mutual Funds by carpenter(m): 7:07am On Aug 15, 2015
misskenny:
thank u, i'll do just that. God bless u guys
You are welcome...Amin

here is a factsheet for Heritage (July-2015) just released yesterday http://www.fbncapital.com/docs/default-source/fbn-heritage-fund-fact-sheets/fbn-heritage-fund-factsheet---jul-2015.pdf?sfvrsn=2
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 7:05am On Aug 14, 2015
lancee:
grin grin grin grin grin grin grin ...BEAR na bad thing ooo...on 20percent loss

Na only my BNSIDL i dey tell for this forum ..my household must not hear about this ..they call me STOCK GURU for my NEIGHBOURHOOD

NSE don humble .. grin My brother 08myjoy hope still dey ?
Most people will be in the red zone. I have not seen this much red in my accounts (thank God for 7up, Transcorp and Berger Paints).

Time to buy sha...everything is cheap!
InvestmentRe: Mutual Funds by carpenter(m): 6:45am On Aug 14, 2015
misskenny:
i invested in d Heritage fund
In the 2 years you have been with them, they have paid dividend twice...FY13 was 10 naira per unit and FY14 was 11 naira per unit.

Not sure what the price of each unit was when you bought into them... I would like you think you may have received dividends in the range of 15-20% over the 2 year period (7.5k - 10k) and some price appreciation. My advice, get in touch with them (info@fbncapital.com) and request for realtime access to your account then you can take it from there.
InvestmentRe: Mutual Funds by carpenter(m): 7:09am On Aug 10, 2015
ernie4life:
Used to be 13% when it was pegged to MPR, now it's been reviewed and it's now pegged to SDF which is 11%
Ernie,

InvestmentOne is moving the goal post grin
TravelRe: 20 Million Naira Or Green Card: Which Would You Choose? by carpenter(m): 7:09am On Jul 14, 2015
Interesting choices and sincerely will depend on each individual's perspective. I will pick 20m over a green card but somethings to note are below if you decide to pick a green card over 20m tax free money which gives you leverage

1. Having a green card does not guarantee you a job (Do you have what it takes to compete in that market...got to be real to yourself)
2. For mortgages, cars, education and the good life we all want, you need to take a loan (gbese)
3. An investment in education does not necessarily yield good profits (there are several pple neck in debt for thousands of dollars in student debt)
4. For everything the advanced countries have that make them very attractive to all of us, you pay for (no free ride)
5. Nigerian is not as stable as any of these economies but do you wonder why foreign investors still invest in our economy? (the higher the risk, the higher the reward)
6. You can have the 20m and still stand the chance of getting a green card and vice versa

I will like to think if one thinks he cannot make it in this country with 20m naira even as unstable as we like to think it is, he/she will find it difficult everywhere else.
EducationRe: Foreign Students Will Be Banned From Working And Forced To Leave The UK by carpenter(m): 9:25am On Jul 13, 2015
The UK has told us what they want which is a good step. When applying for a student visa, you know you get to go to school alone. If you do well, a company may be interested in you and sponsor your work visa to bring you back after your education is complete. This might even make you work harder in school. If the investment in education in the UK is not worth it, go to another country or better still remain in Nigeria and study. It may have been fair to look for those defaulting on their promises but we all know that will take too much energy to sort out so they result to a blanket rule which still seems fair. I don't know where we sometimes get this our sense of entitlement and cannot demand the same in our country. All the best guys.
Jobs/VacanciesRe: Dangote 28,000 Job Creation. My Experience by carpenter(m): 4:00pm On Jul 11, 2015
Toktee:
Sometimes i do wondered why God allowed unbeleivers to prosper while the beleivers sufferred and die,why?
That's because He is fair...it is about what you put in most times with a few exceptions (His Grace).
Jobs/VacanciesRe: Dangote 28,000 Job Creation. My Experience by carpenter(m): 3:42pm On Jul 11, 2015
This is to say thank you to the poster. This is a very selfless duty and gives an expo to anyone that is/was interested in this job. I am not interested because I have something better but if i did not, I will give it a try. This is way better than staying at home and complaining about no job. Opportunities present themselves in several ways and I see this as one albeit not for me. The conditions are tough but you already know what they are...are you a Dangote Man! Let the game begin.

Good job poster!
tunery004:
The Dangote group of company earlier this year announced that they will be providing 28,000 jobs for graduate all over the nation. This brought smiles to the face of a lot of unemployed graduates and some even went into praying and fasting, soaking their CV's in annoiting oil and more.

Late May 2015 the vacancies were trending on every job site that Dangote is about employing Truck Officers. According to Mr. Carlos the man in charge of the recruitment about 21,000 applications was received in 3 weeks and out of those applications a few were selected of which I happen to be one. Reading through the job requirements and specifications, it was said that the company was in need of graduates who will become truck owners after they have managed, supervise, and take care of the truck, its drivers and the goods until it had travelled 400,000km
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 1:27pm On Jul 04, 2015
thorland:
The fact is that the market is in a rough path right now, Buhari is already considering removing the whole oil subsidy regime, what good will stating that a dollar will sell for #500 do for the market right now? Will that make Buhari reconsider his stance on removing the subsidy? Maybe. But I'd rather he'd just keep shut than come out to say all of that at this time when we do not have a defined direction for the economy. Maybe I'm just been selfish ,you cant blame me tho; I have millions in the the stock market and the quicker the market recovers the better- and alterations like those aren't going to help.
Well...I guess we all have different temperament. I will rather hear the truth and buckle up than be told lies. Silence still feels golden though.
InvestmentRe: Mutual Funds by carpenter(m): 11:54am On Jul 04, 2015
ogbmay:
Thanks all for your contributions, I have been informed. Is Nigeria Investing in comodities yet? Gold Silver? Is it physical gold or just on paper? Is the government a part of it? What are the procedures of such an investment. Many tnks in advance for your responses.
There is NEWGOLD http://www.newgold.com/ and it is traded on the NSE as an Exchange Traded Fund (ETF). Am sure you will be able to get genuine information from the below

http://etfcib.absa.co.za/Fund%20Documents/NewGold%20Datasheet%20Nigeria%20March%202014.pdf
http://www.investadvocate.com.ng/index.php/capital-market/3223-absa-capital-lists-1st-etf-on-nigerias-exchange-at-n2-526
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 12:59pm On Jul 01, 2015
megainvest:
^ @carpenter

Very good one from Warren, however this is not always true especially on NSE where several variables can change business dynamics irrationally. Here your eyes must be glued to both the field and the scoreboard!
The stock market everywhere has its peculiarities...the samething happens everywhere.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 11:59am On Jul 01, 2015
Something to ponder on even though there might be exceptions...

"You don’t need to be an expert in order to achieve satisfactory investment returns... Focus on the future productivity of the asset you are considering.. If you instead focus on the prospective price change of a contemplated purchase, you are speculating.. Games are won by players who focus on the playing field – not by those whose eyes are glued to the scoreboard... " - Warren Buffett
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 12:58pm On Jun 30, 2015
grin grin grin grin grin grin grin grin
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 5:28pm On Jun 29, 2015
Dividend Alert!

Company:Okomu Oil PLC
Registrar: CardinalStone Securities Registrars (Formerly City Securities Registrar)
Address: 358, Herbert Macaulay Way, Yaba, Lagos (close to Saint Dominic Catholic Church)
website:http://www.cardinalstone.com
Email:registrars@cardinalstone.com
InvestmentRe: Why Should I Invest In Rental Real Estate ? by carpenter(m): 7:09am On Jun 27, 2015
Still want to invest in real estate, try REITs

Real Estate Investment Trusts

Some are listed on the Stock Exchange and they pay pretty well.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m):
burgerking:
I am in the process of activating the e-mandate process of dividend payments. I have completed all the forms and got by bank to sign the e-mandate forms.
My stock broker has also asked me to complete and sign a 'SHARE TRANSFER FORM'. I am not transferring my stocks I just want my dividends paid directly into my bank account.
Please does anyone know if I also need to complete a "share transfer forms' to facilitate this transaction
Please go ahead and sign it. I am not a 100% sure but i think the aim is to get your signature to the registrar. Please ask your stockbroker why you need to sign also...feel free to worry them with questions, thats why you pay them. Maybe the shares were transferred from an owner in the same broking firm or something.

Confirmed! it is the form
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m):
taiwoliu:
jazakumulahu Aeran..... Will do as advised.
You are welcome.

Just to add, their prices don't move much (so they are not good for speculators) but they are mandated to pay at least 90% of their profits as dividends by law.

Edited:
You also do not lose 10% to the taxman as VAT grin
http://www2.deloitte.com/ng/en/pages/tax/articles/inside-tax-articles/are-tax-exemptions-available-to-REITs-in-Nigeria-untapped.html
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 3:02pm On Jun 26, 2015
taiwoliu:
Pls boss, can u provide a link to quoted companies that deal in REIT and current price?
Ramadan Mubaraq
Ramadan Kareem. I only know of the below and prices are as at close of business yday. I would suggest you search for their sites on the internet. You can buy any of them through your broker

Real Estate Investment Trusts (REITs)
SKYE SHELTER FUND PLC 100.00 http://skyeshelterfund.com/
UNION HOMES REAL ESTATE INVESTMENT TRUST (REIT) 45.22 http://www.unionhomes.com.ng/REIT.asp
UPDC REAL ESTATE INVESTMENT TRUST 10.00
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by carpenter(m): 1:22pm On Jun 26, 2015
myjoy08:
You are on your own. Don't let some people commit suicide because of your jovial statement. You may be responsible for their actions grin (Kidding)
grin

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