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Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DexterousOne(m): 1:22pm On Dec 09, 2020 |
jamace:I have to say I love your spirit |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 1:15pm On Dec 09, 2020 |
emmanuelewumi:Absolutely That's why I said that culture is "quite interesting " |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 11:48am On Dec 09, 2020 |
emmanuelewumi:This is NOT in doubt |
Politics / Re: APC To Decide On Zoning In June 2021 by DexterousOne(m): 9:21am On Dec 09, 2020 |
After 8 disastrous years Who is gonna vote these fellows again? 8 Likes |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 8:26am On Dec 09, 2020 |
XiaoLi: That's an interesting culture |
Investment / Re: Us Stocks Pick Alert by DexterousOne(m): 9:13pm On Dec 08, 2020 |
talk2tonie: But the rates on bamboo are VERY HIGH THOUGH Why >N480 per usd |
Investment / Re: Us Stocks Pick Alert by DexterousOne(m): 9:01pm On Dec 08, 2020 |
Investment / Re: Us Stocks Pick Alert by DexterousOne(m): 8:59pm On Dec 08, 2020 |
talk2tonie: For real? |
Investment / Re: Nigerian Stock Exchange Market Pick Alerts by DexterousOne(m): 4:06pm On Dec 08, 2020 |
PETERiCHY:Lmao |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 3:33pm On Dec 08, 2020 |
NL1960: Well you are right Some political decisions have to be made to cater to certain interests That's the game But a central bank governor has more room to make autonomous decisions Than say the minister of finance |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 12:07pm On Dec 08, 2020 |
ojesymsym: Your advise and nice words are well taken.... And appreciated BUT I'll say a couple of things 1) There is a reason why the "big four" calls one with over three years of experience "Experienced Hire" If this equities market was a formal job (just giving an example) I'll be termed an "experienced hand" Because I have been in it for more than the three year limit that they use to term one experienced hire This does not mean I know everything It means i know enough to function Second, concerning the CBN governor and monetary policies There are certain things cast in stone in our line of business, and the behavioral aspect of the people you aee setting those policies for is what bridges the gap between the controlled situations ans simulations (like you rightly pointed out ) and the field That said, knowing the behavioral blunt of Nigerians (we love arbitrage very well and will do WHATEVER to benefit from it ) Why create an atmosphere that is perfect for arbitrage Once again That policy is VERY STUPID To be fair to him, it's not just his fault But his decisions ARE A PART of the fault I like the analogy you gave about law students and graduates Once anyone is out of law school, he is WELL QUALIFIED to give legal advise Now its okay to be sceptic about the fact that that lawyer has say just 4 years of experience, probably less... But that does not take away the validity of the legal advise Will the lawyer learn more as he gets cracking? Of course ! Are there certain grey areas that the lawyer may need to brush up on overtime? Yes Are there certain cases that people will trust SANs with? Absolutely! But, when it comes to the core He is competent It's the same for our Economics/Finance field I hope you get me I dont know EVERYTHING BUT I KNOW STUPID MONETARY POLICIES when I see one For example, that special purpose vehicle thing you highlighted, I dont really know Special Purpose Vehicles in depth as such, I only know the basics, hence I cant give much advise on it....... Forex; Bitcoin, Digital Agric, etc, dont know so much as that... But if its monetary policy, fundamental analysis or equities in general, I'll have something to say God bless |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 11:50am On Dec 08, 2020 |
emmanuelewumi:Indeed Used to have Okomu as one of my holdings though Have since exited that position. I think it's a solid company nonetheless. |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 10:01am On Dec 08, 2020 |
emmanuelewumi:Okomu has had consistent growth That I can say Dont know much about Presco though |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 9:57am On Dec 08, 2020 |
Lazyyouth4u: Investing in equities is very high risk. = That's true But there are avenues to mitigate these risks, and as long as you got into a liquid stock, you can always quickly fly out if you made a mistake . You can invest in stocks today and in a couple of years, the money invested will be halved. = This is also true However, if the FUNDAMENTALS of a company did not change, and the share price of a company halved (case in point = Zenith bank falling to sub N11 earlier this year) It's just market sentiment, and you can do one of two things Go to sleep, or accumulate more What would be more worrisome is when the share price of a fundamentally faulty company is just rising and rising anyhow (this one is Japaul stock in trade sometimes lol) No investor should ever put all his money in the Nigerian stock market. = Some diversification is good So you are right on this one too Talk less of our inefficient market that can easily be manipulated You see, one great thing about our "inefficient market" is that a share price cannot lose more than 10% of its day value The erosion is slow and steady if the falling is even steady sef But you see NYSE? That's olace is the wild west 1 Like |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 9:48am On Dec 08, 2020 |
DexterousOne: No you don’t need to be 20 or 30 years but an entry level guy does not give financial advice. You know absolutely nothing at that level. You don’t go to meetings and you don’t speak to clients. If you are brought in to take notes, you are warned to keep your damn mouth shut What really is your grouse That the points I raise is invalid? Or I am an "audio investor" Or what? Learning about investing has nothing to do with going to meetings. Knowing the diffeence between earned and unearned income have nothing to do with meeting clients Building a portfolio has nothing to do with what you do for a living Having an early start at this really puts you ahead Opening a brokerage account is very simple Funding it periodically is all you need to do to keep it going Knowing how to dissect financial statements properly is the icing on the cake. Please don’t deceive yourself. You are not in cruise control after two years. You will only be in cruise control after at least 10 years in the industry as then you would have had the chance to learn from more experienced people. You would have also failed and learnt from those failures This is not exactly accurate In my own personal experience, I learnt most of my lessons in the first two years plus of my journey (that's for the equities aspect though, for T Bill's and Mutual funds, there was really nothing to learn lol) after which I got better in the subsequent years If you are keen to know some of the lessons I learnt, they are as follows : 1) Stay away from JIJO 2) Stay away from illiquid stocks (this one hurt me the most) 3)Buy and hold strategy is THE BEST strategy 4) Only buy market leaders (and maybe some companies with potential 5)Fundamental Analysis is EVERYTHING Knowing these three simplifies the investment journey for you And you are right about one thing, one continues to learn more and more And make no mistake, I still have more to learn No one is know it all... That's why periodically I stroll in here, to peep at what some of us here have to say, to learn more Boy, give yourself a slap for comparing yourself to the CBN governor and speaking condescendingly about people who are more experienced in life and in their professions than you will ever be Like I said before, i am very well qualified to criticise every silly policy the CBN governor does Being more experienced than me does not mean that everything he is doing is correct. And that does not mean I cant criticise his policies Because I very well can. I'm a monetary policy junkie Letting the gulf between official and black market rate widen remains a stupid thing to do. No explaining out of it By the way, how are you always here during working hours if you truly have found a job? Rookies are dumped with busy work and sent on errands all the time. I will pretend as if I did not see this part No need to shalaye with your shalayeing epistles again o. They will still come back to bite you tomorrow. Okay I have heard you Thanks for the advise I appreciate it Despite all said and done I have no hard feelings towards all you said And your advise to others is correct Always take what a random person tells you on internet with a pinch of salt Peace 4 Likes |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 9:09am On Dec 08, 2020 |
Lazyyouth4u: Let's take these one by one |
Politics / Re: Religious Repression: US Adds Nigeria To List Of "Countries Of Concern" by DexterousOne(m): 6:33am On Dec 08, 2020 |
DapperGuy:Well said 1 Like |
Politics / Re: Religious Repression: US Adds Nigeria To List Of "Countries Of Concern" by DexterousOne(m): 6:31am On Dec 08, 2020 |
abduljabbar4: So what is your point |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:53pm On Dec 07, 2020 |
ukay2:Lets not even go to Alhaji own... That one gives a special type of headache lol... But to be honest yea, I always wondered what is the point of listing a company, when your holdings in that company is way above 70% I dont get it |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:49pm On Dec 07, 2020 |
emmanuelewumi:I think MTN is okay at it's current price I'm loading bit by bit on that one Someone argued with me Or will I say made a point That we cannot compare Airtel Africa to MTN Nigeria But I still feel that MTN is more like it; over airtel As for Seplat, dont know much about them |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:47pm On Dec 07, 2020 |
ukay2: I'd be glad with 0.5% Not even 10% That a longshot At least in the interim..... While looking at the Half year statements of accessbank I looked at brother Wigwe's number of direct and indirect holdings Then multiplied it later on sha with the NO.25 declared as interim dividend I almost saw double lol.... But one cannot hate on them, they have paid their dues... Its left for us coming up to pay ours |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:36pm On Dec 07, 2020 |
ukay2: That's heart breaking in a way sha |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:30pm On Dec 07, 2020 |
ukay2:I concur absolutely That further motivates us to even make more sacrifice and squeeze myself further, to further purchase more, and more, and more To recieve more and more dividends |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:30pm On Dec 07, 2020 |
emmanuelewumi: Na wa o Why N385 though? Anyways, it's well...... |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:14pm On Dec 07, 2020 |
Shifting gears a little bit I hope we as Nigerians are learning how to conduct elections from the Ghanaians Elections dont have to be conducted like we are going to war See how seamless (at least relatively) the elections is going |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 7:12pm On Dec 07, 2020 |
emmanuelewumi:Very sweet There's that "high" one gets when dividend money enters account |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:49pm On Dec 07, 2020 |
ositadiima1: |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:48pm On Dec 07, 2020 |
ositadiima1:Jokes apart though Isn't it worrisome that someone is putting money into something he does not understand At least to an extent? You see crypto, j dont understand that thing... Hence my one kobo will not enter there... I hear of people having over 100% upside in bitcoin It sounds tempting But the very fact, that I dont understand all these blockchain thing Na siddon look I dey for crypto Digital agric is another one.... I never really understand how agric can be digital So on that one too, na siddon look No one should be investing in something you dont have enough grasp in That's just my opinion I'm not telling people what to do with their money though 2 Likes |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:42pm On Dec 07, 2020 |
Nwokeomajayb: For real, it's a very nice meme 1 Like |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:37pm On Dec 07, 2020 |
RayRay06677:Wait ! Did I read that right? You know nothing about it? Or using your words, you know less about it? Just a friendly question.... Why invest in something you know less about? I understand you have a high risk appetite But at least try to understand what you are putting your money Inside |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:35pm On Dec 07, 2020 |
emmanuelewumi: Of course Losing everything is on the table When it comes to risky investments That's why I will NEVER TOUCH options trading Or all these "shorting" that I see some of the chaps in the US stocks thread are doing Though the returns are mouth watering The risk of getting wiped out is very alive |
Investment / Re: Treasury Bills In Nigeria by DexterousOne(m): 6:32pm On Dec 07, 2020 |
Nwokeomajayb:No sir... Jumping bridge is not gonna happen That said For the bolded The lesson learnt is to strongly resist the urge to shalaye Like very strongly It's a faceless forum No need to prove anything to anyone We learn everyday 2 Likes |
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