₦airaland Forum

Truthseeker10:
when did I say it was a crime to celebrate a person's birth?

when did I say you did?

Truthseeker10:
If you were to celebrate a person's birth, would it not be on the day that the person was born which "Christmas day" is said to achieve? Was Jesus not born on Christmas day?

are we back again? For you to celebrate your birth on any chosen day, is it a crime?

Truthseeker10:
If you agree that the celebration of someone's birth can be any day, what you are saying is that "Christmas day" is actually 365 days of the year. Do you agree?

Is that what you are saying?
Is that how you understand it?

Truthseeker10:
What date is Truthseeker10 date?

Don't you know better?

Truthseeker10:
Below is in the screenshot is Christmas day. Do you agree with the screenshot?

Truthseeker10 was born on Truthseeker10 day. Do you agree?

Truthseeker10:
Ok...is it Jesus that Is celebrating the birthday here?

OK.. is it a crime to celebrate another's birth? care to explain?

Truthseeker10:
Oga how does celebrating birth on any other day answer the question of if Jesus was born on Christmas day?
...........

Oga how does the question of if Jesus was born on Christmas day answer the question of
If celebrating your birth on any day a crime?

Truthseeker10:
Do you Celebrate your birthday on any other day without knowing the day that you were born?

For you to celebrate your birth on any day, is it a crime?

Truthseeker10:
When is Truthseeker10 day?

What is Christmas day?

Truthseeker10:
Don't you agree that Jesus was born on Christmas day which is December 25th?

For you to celebrate your birth on any day, is it a crime?

emmanuelewumi:
Paid N5.96k in 2025 will pay more than N7 in 2026

I reckon that as well.
Was trying to be conservative as you do..
Just as you do with leverage as well.

Truthseeker10:
1)For me to celebrate my birthday on any other day, does that mean that I would not know when I was born ?

For you to celebrate your birthday on any other day, is it a crime?

2)Oga was Jesus born on Christmas day? Yes or no?

Oga were you born on Truthseeker10 day? yes or no?

Mpeace:
back door already closed by FIFA yesterday. Congo cleared

NFF put stone for the door.
ee never close well

https://guardian.ng/sport/football/fifa-has-not-thrown-out-our-case-against-dr-congo-nff/

Truthseeker10:
Are you saying that if you were born in December 25th, you would be truthful if you claim that any other day apart from December 25th was your birthday?

Are you saying that is what my question implies?

2)Are you trying to tell me here that Jesus was not born on Christmas day?

Are you trying to tell me here that you don't understand my question?

emmanuelewumi:
The 72 rule also applies to what you have invested in. Influence by the dividend yield and sustainable earning growth when the stock was bought.That is why Nahco that I bought at N7 in January 2023 grew to N48 in January 2025 when I liquidated the loan. This happened within 2 years.

Return on Invested Capital of Nahco is close to 50%, 5 years compounded annualized earning growth rate is over 30%

Interesting.
Bought @ ₦7
Dividend is now almost at circa ₦5-₦7. The initial investment may return ₦7 in dividend alone by this time in 2027. 100% return in 5yrs on dividend alone!!

Thats one huge vivid mental Investment decision visual.
(Though you've averaged up since then)


72-rule.
Interesting mental short-cut.
just learnt this from @Harddiskng

Harddiskng:
Lmao. This man!

If you are not a science student, atleast did you do further maths?

Is acceleration due to gravity a joke to you lol.

At that altitude and acceleration, falling in ocean would make no difference as to hitting a concrete slab lol

Zero or negligible chances of survival in every scenario. If you do, it can only be God. Na to start preaching the gospel all over the world.

Lol..
Heap of sand and thickness wasn't specific.

Nice chatGpt insight all the same.

just cruising with the possibility.

Harddiskng:
Let me give you a perfect illustration of what the idea is the Nigerian context - it is like skydiving, you jumping off a plane, but here is the catch. There is a 50% chance your parachute will open or not (these stocks can appreciate or tank, you are not God). Would you take such a risk?

As for this analogy, before I jump off the plane, I will discount worse-case scenario of where I might land.
On a mountain, Ocean, dry land, dense forest, roof top of building, heap of desert sand, or a thick vitafoam mattress. .

After assessment, I might just take the leap where the likelyhood of a direct vertical fall on a failed parachute might just be one of the latter two.

Harddiskng:
You are not reading to understand. Remember we are talking about leverage to buy Stock (not run a business).

Fact 1 - it is the most terrible idea you can come up with in present day Nigeria.

It’s very simple maths. Best loans you can get are going for 30 - 45% rate per annum. Again remember rule of 72 - meaning the amount you would repay would double at earliest 2.5 years.

Mind you that poster isn’t speaking from experience, he is not in a 1st world country. He is here with you and I in Nigeria. He hasn’t even tried the idea is he postulating. He has never taken loan to buy stock, y’all need to careful when being exposed to other people’s ideas.

Yes, currently, it's tough and at over 30-40% interest. It's difficult for businesses to scale at that pace relative to loan repayment deadline.

I won't also advice any newbie or those who aren't knowledgeable on stocks to leaverage even if they have the capacity.

I think it's mainly for those who have been into stocks trading and investing for a while and it's a personal decision.
Psychologically alone, they (we) have a better advantage. Thats why I only support it in forums like this.

You also make a point with the 72months rule. Interest payment alone may likely erode compounding effect as stated by the earlier post.

But presently, stock firms offer leverage flexibility unlike rigid banks.(may not even give)
According to discuss in this platform, one may pay only Interest within the 2.5yrs and one can constantly roleover the capital payment provided interest is paid within 6months interval.
They seem to be the go-to firms for things like this these days.

emmanuelewumi:
Leverage is a big NO for 90% of us, but it is NOT bad for maybe 10% or less of us.

What I don't want is the blanket labeling of it as bad

A bank won't give you a business loan based on the current market price of your business, but will give you a long based on the average cash flow in and out of your business account

Like I said, I agree. I am even included in the 90%
I can't use leverage in stocks for now. I need to also develop my knowledge, analysis, onions of stock businesses and improve my convictions for that.

But:
"It's bad"
"it's hypothetical"
"it's not possible"
"it's a no"
seem like all blanket labels without all the context considered.

Businesses still use leverage to operate and sometimes pay shareholders little to nothing and keep growing until they decide to surprise shareholders.

Likewise shareholders can also use leverage to operate and pay themselves little to nothing until they grow their worth and surprise themselves in future.


But while businesses are limited in liability, individuals are not.
Individuals should discount their leverage or be more conservative in their projections.

emmanuelewumi:
In the first world countries we use discount rates of 10% to 12%.

In Nigeria you use discount rates of over 20% and you should target a Return on Invested Capital that is higher than that.

Just make sure you are not over leveraged.


The problem with most of the people who think it is wrong to use leverage in the stock market is lack of investment cash flow, thereby praying and fasting for a bull market in order to have capital appreciation

I agree with you.
Leverage can help scale if one knows his/her onions.

Harddiskng:
Let’s stop speaking hypothetically, this is not a Masters class where we are learning just to get good grades. We are here to learn to earn.

“Hypothetically” speaking leverage is not all bad.

Realistically speaking the person (I can bet he is a banker, or something along that line) you quoted already gave you solid facts and figures why trying use a loan to buy stocks is the worst of the worst idea you can have in the current Nigeria



Read again. Maybe you didn’t see his solid points.

This has been addressed many times, In 1st world countries with single digits interest rates.it is “Maybe to Yes” for leverage. In Nigeria, is a capital NO except you don’t value your well being.

The person you quoted is giving you both his real life and real time examples and facts and you still say it's "hypothetical" and saying its a no. Like it isn't possible

Raider76:
Another reason to buy and hold is CBT. Until the application of the 30% tax is clear one may have to reduce frequent trading.

CGT you mean.

I agree as well.
Buy and hold.
Buying into an industry that can sustain ones patience and discipline during trying times is the koko.

Take a case of water. The most important life element on earth.

I learnt wike inaugurated water supply projects in parts of Abuja few months ago.
I thought capital city already had connected water supply?
With bloated house rentage and ownership costs
So it's all individual boreholes running the capital city?
with maintenance costs if at all they are ever maintained.

How much more unsafe water in other areas and states in Nigeria.

A business that depends on water, rather than just pay service fees and get outsourced pipe-connected to its business via FG or sub-national clean and well maintained water infrastructure agency will have to now own boreholes, buy more land spaces, build tanks, etc change filters amongst other maintenance costs from time to time.

The point is, the long term effect of this potential developmental growth and exciting days ahead for the country will be extremely and extremely long even for long term holders.

pluto09:
There are still a lot of work to be done.
Yes those policies are good and right, we will only reap the benefits if we continue to do the right thing ,, security, debt management, fx diversification, revenue mobilization etc.
Otherwise we will be back to the same spot.

You get it.

There are so many fast pace moving sectors, but the core mundane, repetitive but necessarily fundamentals aren't there.
They eat into operating costs heavily if privately owned.
Bringing us back to the same spot as you said.

Truthseeker10:
You mean that birthday celebrations are not done on the day when a person is born and done at any other time that other people chooses?

Do you mean you can't choose to celebrate your birthday at any other day?

nosa2:
I suspect what I am about to type will not apply going forward but if for the last 40 years of your life you have applied a buy and hold strategy for the Nigerian index you would be a lot poorer today.

The Nigerian currency and economy has been on a downward spiral for the past few decades. This i suspect is changing. You want to compare buy and hold for the best company in Nigeria to buy and hold for an apple or an Nvidia or Costco or Walmart. Dey play

Of course. You're right. Not comparing ours to theirs(USA).

But ours to ours.
Exciting industries to boring industries.
it's not advisable to buy any Nigerian stock for long term over 3-10yrs and look away without looking at AFS from time to time..
I think at the very least twice a year is ideal.

That said,
But looks like the exciting companies necessary for development don't sustain growth for long as govt policies and volatility seem to always happen to them.

But the less dependent, mundane or boring ones seem to find a way to sustain and compound growth for 4-5 years at least before being affected.

Truthseeker10:
So it's the birth that is being celebrated and not the birthday?

What's the difference?

nosa2:
For a country like Nigeria. When dealing with a well diversified economy/market exciting industry dey pay oh

Exciting industry works for traders and Jijoist in Nigeria.
ride on the euphoria and the time-frame of such euphoria.

exciting industry riding on CNG mantra that later turned to one-off performances.
NIPCO(though still doing well).
RT-Briscoe

Advent of DR in 2023 made these secure licence and create one-off euphoria that never got sustained.
Eternal
Con-oil
Total

I don't think Exciting industry pays in Nigeria for long term investments cuz the fundamentals to support them are still lacking.
Power, Gas production, steel prodction, security, food security, inadequate funds to scale massively, policy and implementations, etc.
Ironically, each of these fundamentals depend on each other.


Most Companies who engage in these boring fundamentals without dependants tend to create the consistency and compounding effect required.

Streetinvestor2:
Nop.i beg to disagree. They have little to offer going forward

OK. we see.

Another is these Tax related revenue collectors.
Etranzact, Chams, CWG
If any is able to win a sizable market share with Firms and retail businesses.

emmaodet:
I am voting for TIP, Ellah Lakes (if they put their house in order)

yes. TIP is up there.
But they require government catalysts through laws and policies. At least from sub-national level.

Streetinvestor2:
Which stocks will deliver like vitafoam or Nahco by 2030 is the big question on my mind
The search has begun

Ironically, the clearer answer is still either Nahco or Vitafoam

immortalcrown:
Mention the things a woman should not know about her husband.

nothing specific.
Depends on what is holding couples bond together.

consistent exposure may increase rate of witnessing what either the man or the woman barely tolerates at that height, affecting other areas of their companionship.

immortalcrown:
Self denial is not self preservation.

How about to avoid
"see finish"

Bizibi:
they always discover resources,you won't hear of it ever again.

Lol...

Since they hope to list the state enterprise on Ngx.
Let's give them here, benefit of doubt on accountability.

pluto09:
But the price today is N94.
For someone who wants to deploy his funds today, does the company offer a margin of safety for discounted price or is the company appropriately priced?

Current dividend yield =3.1%
Bonus yield =20%(1 for 5)
Bonus yield might just be the attraction for a temporary price appreciation.

We see how it goes next week.