₦airaland Forum

emmanuelewumi:
If that is the case, stop buying Treasury Bills, Money market funds, FG bonds, Corporate bonds, real estate in Nigeria.

If possible sell your business in Nigeria, and migrate out of this zoo . Since you know things will always get worse

This is synonymous with saying because we will all die one day, why not kill yourself now. That logic can’t work.

missjekyll:
I beg to disagree on this. The next lockdown will be imposed by people on themselves,when they see people keeling over left right and centre. I have never seen derangements in how the human body works as I am seeing with this virus.
This virus will be studied in medical schools till the end of time. We will still be talking about it in a 100 years time. Stock up foodstuffs and hunker down . It will be a long wait.

You understand! This is why it worries me about how people are underestimating this virus.

froszzie:
hey guys
intresting thread
i found this thread this late, why?
c-19 has signaled me to think towards investment this time
please gurus in the house keep updating the house.. i am looking out for business opportunities also a juicy investment opportunity.

in between guys... is there anything i can do with my data? i have 40gig data on my phone besides i enjoy unlimited glo and mtn wifi on my laptop and phones... i dont really do something meaningful with all these, i mean financial wise.... only facebook and nairaland

plz guys make una suggest for me, legitimate plz... no fraud, no yahooing

Do you like making videos? You could start a Youtube Vlog. Vlog about something you are passionate about or like doing.

chigo4u:
You are very right. Buhari is the major reason why cbn is insisting on defending The Naira. He has strong views on keeping The Naira low against the dollar (if you follow his campaign) that’s why Emefiele did everything possible to defend The Naira and even got a another term. It will only take Buhari changing his stance to devalue The Naira, and the new Chief of Staff May play a role, that’s if he becomes as powerful as the former.
All the talks about Dangote refinery is just noise, I don’t see Dangote refinery having any major impact on the exchange rate, that was same noise they made about rice! No one can even tell when that refinery will start functioning

Well said!

Tvegas:
CBN has clarified that it wont defend naira for non essential products anymore. Buhari had some major influence on past decisions to defend the naira. Theyve learnt their lessons trust me they wont make thesame mistake again. Truth is nothing is certain anymore even Dangote Refinery may not be sufficient to help the Naira.

After COVID any smart investor should never say never.

This is exactly what I think too! Time will tell, we will all be here to see how things play out.

abraolas1:
Check through thier Website dont seems to get information about it on their website .......can you share a link with me

thanks

So sorry. Through their mobile app. Once you have an account with them. That is where you will see it and international mutual funds too.

abraolas1:
Any Advice on how to go about this ?

Standard Chattered Bank, but the available bonds are at a premium. I think you can buy with 100K minimum.

Theconglomerate:
What has the supplied got to do with anything?
Did you not see what happened in 2017?
Immediately the CBN smells the sign of oil increment above $50,they will fight for the naira with all their might,forgetting what they have lost in what they've already sold at low prices.It has happened before so it is not up for debate.
This time around they are even talking about supplying fx for strategic imports,but in 2016 they supplied nothing for no reason,that should tell you how temporar this fx scarcity of this year is going to be.

Are what numbers coming down?Do the number of covid19 cases need to come down before the rest of the world say fùck it and continue with economic activities?
It's like you are not getting it,come next month,everywhere will open,whoever dies dies...
So yes,oil is going to rebound very soon.

It’s you that is not getting it.

In 2018, when crude oil was averaging 50-70 usd, we spent over 44 billion usd saving the naira. How much is currently in the FX reserve? At this current crude oil price?

I will say this again man, nothing is a certainty all na probability. Oil could rebound and it might not. Naira could rebound and it might not, one thing is certain though, nobody knows what will happen tomorrow. You know a probability of what will, not a certainty, that is why people hedge carefully.

Theconglomerate:
Yes,hedging with USD is false sense of security,especially in a volatile economy like Nigeria where politics is placed well ahead of economics,unless a person will want to relocate in times of crises such as this,which still won't matter unless you hedged with some good numbers,like $1m+...
So rather than being under probability both ways,why not hedge with something real,especially for someone says he has 55m naira to invest?
Everybody knows this.
Also if at all a person wants to hedge,will you hedge when you are already in the midst of the crises with currency?
Hedging with currency is done in normalcy,not in times like this.
That is the most risky stuff I've ever heard

I agreed with your risky point, not with your point about the USD though. Now that you put it like this, this is common sense. You made it sound as if anything to do with the USD is a bad idea.

Theconglomerate:
And do you mind telling me that magic that has happened that will make the price of oil stay low for over a year or even drop more?
It has started rebouncing already as we speak.
The only thing that can frustrate crude is alternative energy.
Have you not been following the current wave of countries preaching to its citizens how they just have to learn to live with coronavirus?
Don't that tell you that economies will soon open FULLY,covid19 or not?

And are the numbers coming down?

Will the “supplied” magically increase in price because of assumed demand due to open economies?

Will nothing go wrong?

Even if we forget all that, you saw what someone else posted about CBN limits on USD spending per month. That is not the policy of a body confident in the value of their currency.

unite4real:
Behold another kalokalo instructions from CBN to banks and to us.

Hahahahahahahahaha!

All road pointing towards “it will end in tears”.

unite4real:
And all those money waiting for next bid with huge oversubscription promoting a lower rate.

I wonder how long CBN will keep up with this Hardline policies.

Their operation is more or less kalokalo style

They should just hope crude oil prices stabilise, else in months to come they will be the ones begging with higher rates.

Theconglomerate:
@Akin3891.
Currently;
Invest.55,000,000/460=$119,500....
Now interest rate at 6% yields..
0.06×$119500=$7173 annually.
Now invest.+6%interest=$126738
Now when repatriating that fund back to Nigeria after a whole one year when a lot must have transpired,
If the exchange rate worsen or stays put which is highly unlikely for political reasons,you are in luck...
$126,738×460=N58,300,000.
But if naira rebounds to the original rate which is bound to happen,especially over a year's period;
$126,738×365=46,250,000 approximately.
Now tell me,would you want to lose almost 10 million naira over an investment that even if everything stays equal over a year which is very unlikely to happen will only yield you 3,300,000 naira untop a 55m investment?
There is nobody on earth that made this money that will want to take this risk,not even someone that inherited it

Financial analysis is not a certainty it’s a probability. What then happens if crude oil prices drop more? What happens if naira depreciates more relative to the USD?

Theconglomerate:
He should buy dollars at 460 naira to invest in fixed income in the US that will yield 6% growth annually in an unstable time like this?
What if he buys it and oil rebounds and naira appreciates to the 370 range?
Will the 6% income he has made be able to cover that for excess naira he paid for the forex?
I don't know where that herd mentality came from amongst Nigerians that gives them a false sense of safety anytime dollar is mentioned
So much authority on very weak economics.
Akin3891,if you have that 55m truly,you know deep down you should be getting a commercial property in a very good location rather than looking for any nonsense fixed deposit,especially in times like this.
Better tell yourself the truth and stop asking kindergarten questions,like you stole the money or something.

I agree that converting a lump sum into USD will be a huge mistake.

Your statement about false sense of security regarding dollars though. This is something that has been argued here a lot, but the numbers over the years don’t lie. The fact that we have to pray for crude oil prices to rebound for Naira to appreciate is reason enough for people, especially Nigerians to behave that way towards the USD. The fact that the CBN has to spend USD to buy back naira is proof that hedging with the USD is smart to an extent. Except you have a business or investment that more than makes up for the loss relative to the USD, by all means go ahead and hedge as you like in a smart way.

The problem is some people find joy in attacking and abusing people for their opinions in the financial market. This is unnecessary. That energy is better spent elsewhere. Nothing is a certainty, everything is a probability.

Mcy56:
Welcome back sir.

Thank you dear.

Was observing for a while.

gabscity:
True sir.

But, cash is king advocates here are recommending that you sell all your portfolio and hold cash. That u will still buy Zenith at 9 soon in the year.

There is nothing that is not possible. Last last, let people do what they want to do.

seyisanya:
Good point, sir. However, I did not imply diversification because of the sake of diversification. There are a number of fundamentally sound stocks outside the banking sector. I do T-bills, MMF etc as well. Although, I have a reservation for buying USD as a diversification strategy except you're earning in USD(this is my opinion). Putting all your funds in just a single stock because you believe in their "audio" reports is equally dangerous.

Of course, that is why I said “sure of”, you could put your money in 10 stocks and all will be audio money. This is probability, if the probability of a stock being audio money is 0.5 (50% or 50-50), diversifying into 10 stocks is still the same probability of (10 x 0.5)/10. Since you can’t know for certain which is which, unfortunately not even when they pay dividends.

I am just saying, if you are sure of just 1 stock, then by all means.

The dollar, I meant dollar funds. The idea is to hedge a little against currency risk.

Going further, I think we are saying the same thing in different languages. Let people learn is all.

kristien4:
Do you have a legit bitcoin seller I can buy from?

Buy from an Exchange like Luno, Binance or Quidax. Don’t take unnecessary risks, especially in this period.

DeRuggedProf:
..

I agree!

seyisanya:
A good strategy is to maintain a well-diversified portfolio. Having banks stocks only is also audio

You can diversify with Tbills, stocks, bonds, dollars etc, but diversifying in stocks because of diversification sake is dangerous. Just buy any good company you are sure of at a good price.

wamiikechukwu:
Once I sell my UBA shares I am moving to Morgan Capital.... I no do again abeg

This was what I was worried about. Glad you have figured it out now.

wamiikechukwu:
Thanks so much, I didn't know of this CSCS number and the importance.

I have sent them a mail, waiting for there reply.

Would like to hear what they have to say, if you don’t mind sharing with us. For research purposes.

faoogoke:
Can you explain what you mean by United Capital is cheaper?

SEC; 0.3%
COMMISSION: 1.00 excluding VAT
STAMP DUTY: 0.075%
TRADE ALERT: N4.20 VAT included

I think the difference is minimal. The figures are for United Capital

I used the word “slightly”.

UCAP - buy 1.725%, sell 2.025%

MeriTrade - buy 1.8625%, sell 2.17125%

All with the additional 4.2 naira....

All these follows what I said.

S007:
Morgan website says brokage fee is 0.5%.

Chai. So this Meritrade dey wound me since. Chai

God go bless the person wey ask this question

Na me ask o!

Hahahahahaha. Make I collect my blessings.

S007:
Meristem
Buying
Brokage commission fee - 1.35%
Sec fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

Selling
Brokage commission fee - 1.35%
Cscs Transaction fee - 0.3
Nse fee - 0.3%
Stamp duties - 0.075%
Cscs alert - 4naira.

As copied on the platform

They are the most expensive so far. I wonder why. United Capital is “slightly” cheaper.

DexterousOne:
It seems they are cheaper than meritrade

They are the cheapest so far. I am collecting info on all of them to compare.

OBAGADAFFI:
That is wrong.

He should contact the company (Sankore investment) and demand for individual account with proper CSCS number.

Yep! He will need a bank account too. That is why their dividends are paid to their account. It’s not in their name.

Mcy56:
Here, @GonFreecss1
CC: @ojeysky

That is why I love you....

*Big Kiss*

OBAGADAFFI:
No, Invest.ng send dividends to my Mandated Bank Account.

My brother! Then they are very different.

Wealth.ng probably operates “a custodian” account. Quite different from an individual account. That is why that fellow didn’t see the things we thought he should.

Mcy56:
It was posted here some times ago.
Except i search for it or you can search for bigjay01's post on it.
Anyone with the charges can also post pls.

Thanks dear. Will do so now. �

OBAGADAFFI:
No, I use invest.ng which is similar to wealth.ng.

They're both front-end Products for thier companies.

Does Invest.ng send dividends to your cash account? Or a bank account after submitting e-mandate to your bank?