₦airaland Forum

I understand your concern, bro. KORU does like +30-40% sometimes in a single day. Last week, one of my ETFs was 6% up in the market, and suddenly Apple announced that they would hike up their smartphones; immediately all the tech stocks started going down and down and down. Since that day, I handed everything over to God.

Beeron:
No wahala Chief, I note all your points and see where you coming from.

More profitable trades sir.

KORU is a 3X leverage, and it can't be held for the long term. I'm not into KORU; however, I have to track it as my ETF moves in the same direction as KORU. Taking profit is not a good option for me, as the foreign market can not be predicted. I intend to hold on for years to come. KOSPI, which is the main boss of tech stocks, has been fluctuating for two weeks, and today it went up 5.76% in the market, and my ETF is also up. If I were trading leverage stocks or2X-3X leverage ETFs, I would be taking profit everyday. Furthermore, my DCA has been buying a lot of units, which has also made my portfolio a 1-2X leverage. Lastly, one can't predict the foreign market either in a bear or bull season; you can buy today, and tomorrow it drops rapidly. Anyway, thanks for your advice.

Beeron:
I asked because you have the flexibility to take profit with the knowledge that certain ETFs or stocks are overheating. Then why stay put longer, you have made good profit, you take profit off the table and rebalance your portfolio for a new rally or with some other sector ETF.

For instance: I knew when Koru was overheating, I knew when smart buyers left and I know you were making good profit.

Why throw that profit away for the sake of DCA? When no one knows when the new rally will begin (don't get me wrong, it will surely happen given enough patience).

The only reason I didn't call you up to plan an exit is because I thought it was professionally managed and the firm will handle rebalancing.

Foreign Equities recover quickly I know but the feeling of DCA and the dips continue dipping isn't a good feeling, and if there was actually a deeper crash worse than correction, no one will know from the beginning but DCA will enable you keep buying and buying, shey you see my point now?

That's the same thing happening in Aradel now, some people bought dips at 1600 after ignoring my warning on X, Now Aradel is 1200 and it isn't over yet.

My point is, Good thing your robo advisor is there to take on good trades but I still maintain you should be heavily involved when it comes to rebalancing. Fine, DCA is a good strategy especially when you in the market long term but sometimes hope is the last to die.

Currently, NASDAQ is about to pull back and this will impact AI, semiconductors, tech stocks too. This is why I am concerned and had to reach out.

🤩🤩🤩🤩

Bro, foreign equity is crazier ooooo. After Spartacus has finished doing its thing, you will even be seeing another Yakubu warming up for next day trade. Nevertheless, it recovers faster with news, inflation reports, and so much stuff.

Bluearrow:
I used to think the Nigerian equity market is different from cryptto, but from what I have seen in this correction so far, there is no major difference o. Aradel is almost down 50% from its high of 2k within a space of how many weeks, imagine if this bear should continue till after election, what will become some of these stock prices.

😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

LadyCaplin:
Ekiti Kete + Ijebu na dangerous combo oo...lol

I can take my profit at any time without any penalty, and my portfolio is managed by me and a robo-advisor.

Beeron:
Chief, Your foreign Equity which is professional managed.

Are you allowed to take profit at will or there is a penalty for doing so?

Amen.

Ogborokiri:
Baba dey lose home and away no worry everything go comeback to normal and we all go smile

MMF virus. 🤣🤣🤣🤣🤣🤣🤣🤣. Foreign equity is dealing with me seriously, anyway; me self be Naija Yakubu. Ekiti and Ijebu blood no dey carry last.

Allboiz:
Investment virus wey dey fear equity investment 😂😂😂

This is not an investor mindset; this thread is not for you. No one is losing except those who sell. Yakubu is also dealing with me both at home and away.

investmentvirus:
u better port to MMF for now.

stop losing money.

come back when the mkt stabilizes

This is a tedious situation; however, the market will bounce back. If I am in this situation, I won't cash out.

Iamblessed8888:
Lol, bro. CS has fallen below 50% and CSOF down to 60%. If you invested in CSOF some weeks back when it was 100%, you would have 60M left now. 🤦‍♂️🤦‍♂️🤦‍♂️

And many believe the main yakubu is yet to begin. I think moving to MMf is smart for now

Someone was comparing zedcrest to csof the other time. I hope they have their answer now. Flexibility. If you leave csof now before the stipulated wait period, a 20% penalty or so will still be applied to the 60M

Do not take your gains yet if you are going to hold for the long term; just do DCA regularly and you will be good to go. Moreover, foreign stocks are known for gigantic volatility; your gains can be wiped out in 2-3 days.

professor1957:
What do you think about the US stocks managed portfolio by Bamboo ?. It has given me 25 percent gain in 1 month .

May July come in peace.

I have a friend who just cashed out from Intel; he held it for two years and no DCA. I checked the total returns, and he made 300%+. Let's assume he was doing "DCA"; as of today, he would have done 400%+.

Dramadiddy:
By the way, Zedcrest has pulled back to 83% !!!


What an opportunity, there’s no way Zedcrest won’t end the year with 100%+ but it’s obvious that taking advantage of this dip will even make you more than zedcrest’s reported return at the end of the year.

Yes, that is a good idea; buying the dip brings money at the end of the day. To sum it up, we are not chasing quick money; bulls and bears definitely have their own purpose in the market.

Dramadiddy:
I’m not even waiting for bull run, my idea is to buy back as the dip continues , that’s an opportunity to accumulate. As much as a company is good to buy into, price must be attractive.

Sister, an equity fund is not your thing; nevertheless, I recommend taking your profit and not investing in stocks or equity anymore. There is no bull or bear that stays forever. What comes up will definitely go down and what goes down will also do the former.

investmentvirus:
SELL ur equity fund and buy MMF.

When the equity market is stable, u can go back to ur equity fund.
Thats what i did

Good job; you should dive into foreign stocks for diversification. I have some huge Yakubu stocks and ETFs that can do 200-300+ in a year; nevertheless, the Yakubu in the foreign market does not sleep or slumber.

princezzz:
Happy new month everyone......
How has the reddish season been Hope we have all be safe
Patiently waiting for all this them dividend this July, we are diving right back in..
I hope all of them dey pay dividend??
My risk level has greatly increased o, see 'no risk taking' me of January. Its been an experience for me personally.
Lets see how this year pans out, we go higher...

Yes, bro. My 2X is on the way.

Allboiz:
😂😂😂
The fight isn't over yet.

DCA is the way. I realise it helps in recovering real quick when there's red and then green.

I just think they are not confident enough, I guess. Those in the game know that red is an opportunity to build wealth; however, if profit-taking and coming back in the bull run will make them happy, they can always go ahead.

Jaay2:
The equity persons on this thread are mostly gamblers (treating stocks like 2-to-1 odds) in reality...

I second the op that noted most persons doing equity or stock on this thread should just sit with mmf

"What if" you come back after a week of steady green and you continue from the yakubu you ran away from 😅🤣🤣🙆‍♀️?? You will redraw and wait till November to jump in again 🤣🤣😅

Ask yourself why are you still seeing big cash coming in when retail investors are running away from small losses??

CS will also pay in July; don't forget to do normal DCA if they start throwing bombs at each other. By the way, SanDisk might do a stock split in the near future.

Allboiz:
Going smoothly... I'm enjoying the new environment.

On the other hand, United Capital just sent a message for dividend payment. Their equity fund is getting 0.3082 per unit and to be paid July 6. That's massive bro.

How is your foreign portfolio doing? The market is getting back gradually; tech stocks will see green tonight. Thank God I didn't withdraw my money when Yakubu was huge last week.

Allboiz:
There's levels to these things mehn. Wow.

Some of my friends don't like stocks; they keep buying the crypto dip.

Allboiz:


They should just sell everything and let everybody rest.

And that's the end of Solomon Grundy aka NGX.

🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣. They are so wicked, bro. They should sell everything.😂😂😂😂😂😂😂😂😂😂😂😂😂😂

Allboiz:
They are called professionals because they have no emotion...

Red don't move them no more.

Many people want to die of high bp already but they are not shaking.

They are even happier everywhere is red.

Very wicked people..

I get it, chief. "CS or Zedcrest can't drop down to 40-50%. Doing DCA to average down might be the best move for the bear market. Last week, on Tuesday, I lost $1125 each across my portfolios, and there was no shaking. My two cents is liquidating your initial capital and letting the market do its thing.

Iamblessed8888:
I have recovered my losses from MMf already. I dont want to be greedy and loose it all. If i sell now and renter, i start building from where i stopped. If i wait till yakubu finish me, i start building from square one. That’s how i see these things

Some folks might not like the rollercoaster; I prefer holding through volatility due to the heavy gains accumulated from regular "DCA."

Rico1278:
😂 you guys funny,you all should stick to mmf,this is not how trading supposed to be, equity funds today, tomorrow mmf.

Nice decision; however, those that made huge gains from stocks or equity held through volatility. I hope your gains compound well in MMF and wait for the next bull run. On my side, I've seen how compounding works in stocks and how it brings huge gains.

Dramadiddy:
Someone is laughing because we’re moving portfolios to MMF. riddle me this, I put my money in Zedcrest since January and I made 118% profits, a pullback happens and I move my portfolio to maintain my profits and prepare to buy back in. Currently Zedcrest has pulled back to 90% ish, and will likely pull back even more, it’s a no brainer to buy back when the market has entered accumulation phase

Bro, if you can top up, go ahead. Moreover, if you don't need the cash or a long-term investor, top up twice a week with any amount you wish. Zedcrest and others already had a bullish run, and we still have six months left; there will be price reversals, corrections, and others. Kindly hold through and don't withdraw your money; let it compound with your top-up, and the gains will reward you. The stock market is not for FOMO folks or those that are panicking. Next month, there will be a dividend payout; reinvest it if you can.

Ogborokiri:
What's your brutal suggestion boss make we still top up June done go already

Chief, nice one, though; nevertheless, you missed the chance of building the X1-X10 portfolio. Next time, try and buy individual stock and do "DCA" regularly.

Iamblessed8888:
Escaped to MMF last week before yakubu wipe my gains
Will be back though. Once any fund does 100% again, i’m taking profits.

I have to say i’m impressed with the whole T+1. Equity funds have become highly liquid. Zedcrest paid me same day, CS paid me next day.

Some believe the bears have not even come yet and that what’s happening is mere correction.

Do not move; I recommend doing a little bit of DCA. June has always been the worst month for equity, both at home and abroad. Nevertheless, the decision is in your hand.

professor1957:
Yakubu everywhere. Should I move to mmf and come back in December or I should be patient. Next month might be more Blòœdy .

We love Yakubu, bro.

Beeron:
you said "By comparison, a MMF delivering a steady effective annual return of 11% over the same 20-year period would have grown the same #50 million into about #403 million…that’s a 706% total return."


This is where your analysis broke down because, Can you even trust that MMF will remain steady at 11% for 2 decades without getting lesser returns, and I know It will swing up past 11% in some years too but this rate isn't steady like it's cracked out to be.

2 decades in typically enough for at least 2 macros economy circles in a country, so running your maths on a steady 11% returns over 20 years is greatly flawn and doesn't hold water at all.

Comparing it to Equities investment is abysmally redundant. I refuse to do such comparison with you, a better comparison should have been long term government BOND.


Just one good large cap company in the stock market with good capex and good dividend paying history will shatter the dream returns of MMF long term.

My foreign friends always think Nigerians are not smart; thank God I usually prove them wrong.

Bluearrow:
Very fat lie @bold
Mmf can never perform like stock or equity long term. Definitely not in a country like Nigeria where inflation is running at uncontrollable speed.

Being patient is always crucial because the market isn't always perfect.

It has bounced back, and more greens are to come soon; however, inflation might affect the market due to the war.

Beeron:
Hope this market is back up bro. I saw it in the news that it plunged last week.