₦airaland Forum

Onuokwu:
....and the stockbroker as well. I just took time to simulate the trade using the price link below but there is little or no return motivation in it.

https://www.easykobo.com/HisPcp/ZENITHBANK

You understand me. Good.

Onuokwu:
$6k on $30k or $6k on $300k? The former will be 20% per month and 240% compounded annually. i.e he grows $30k to minimum of $72k within a year. Well....that will be some trader/investor.

Lol! Exactly!

OgogoroFreak:
Just go and buy Bobo for us to be drinking.

Hahahahahahahahahahahahaha

Yayira:
Would like to know why you left gist me
Hope you did not overslept

Simple. I found out that making money can actually be simpler. Investing should be very boring. I can see a trend in the Nigerian market. I don't like that trend at all. Only a few companies defy that trend so far. I don't like speculating, I don't enjoy buying and selling, I enjoy buying yields (i.e. investing for dividends and compounding), I am not a TA man. Just the fundamental basics, if it is undervalued I buy. I don't like selling (apart from recently).

awesomeJ:
How so?

I think if he has funds tied that brings in constant returns whether in equities or other markets, that money is sure slaving for him.

Slaving for him when he is busy timing markets? Buying and selling? Lol!

I can bet if he had left all those money in Tbills and spent his time doing something else that will make him more money, he will be far richer. He can't say he has not taken losses, but I won't elaborate further.

There is a saying that one day, Monkey will go to market and not come back. That is how money goes too, especially in the financial markets.

Mftivi:
Well he got lucky and he knew he made is money out of luck and smart enough to stash it away in fixed income. Good traders repeat trading success over and over while keeping risk at very minimal.

I dare say trading, especially day trading is luck. I know many will come out and say blah blah blah. But it's the truth.

The only thing proven that works overtime are people who invest and sleep. I left my money in the Nigerian stock market for a while, I later left for a reason, something bothered me, another discussion for another day.

aremso:
zenith is a kind of stock that if one knows how to play game in it, one will not pay school fees at all or at least pay little fees. Some may not take my words but from my experience all these while after marking down it will do IGG then go down the rise after q1 result then some investors will use that opportunity to bail out then starts coming down after the q1 IGG then it will galloping till oct/nov when investors come again to line up for FY result/dividend expectations. Many newbies put head after when they notice IGG after marking down or after q1 result and only to buy at higher price thinking the price would be sustained but alas the price kept going down till it get to a certain level it will be galloping. So i enter at a very good price qualify for the dividend, wait for IGG then bail out. One has to be smart the theory of when you buy a stock you own it as if is your company in economy such as Nigeria? Haa i no do! Most important thing for me is for my money to keep working 24/7, TB, mmf are there for me to tap into while waiting for another planting season.

With what you have explained, you are working for your money. It's not working for you.

Agbaletu:
Lol.
This thread is not for Naira vs Cedi.
Again, stop being emotional!

Thank you very much.

People only want to attack and attack without calming down to look around.

PetroDollaxx:
I didn’t attack you. Did I? All I am saying is that when it comes to currency exchange rate issues, there are no sentiments attached! Just state it as it is and let people draw their own conclusions. It’s not the first time I have seen a Nigerian on nairaland refer to redonimation per Ghana’s currency and the naira or USD. In my opinion such sentiments are needless.

If I ask you about the Japanese yen for example, will you start telling me about how the yen was redominated and all the history pertaining to the Yen? I doubt. I don’t give a fvck which currency is stronger, which currency is weaker and all the crap! There is more to the performance of a national economy than whether your currency is stronger or weaker or whatever. Some countries deliberately keep their currency's exchange rate articially high, for political reasons. I believe you are sufficiently informed to know the key ingredient is the stability of the currency. Most of the other indicators, particularly the “strength” of a currency may not be very important, in my opinion.

I hope you are aware there already speculations that the naira is overvalued and there is a real possibility it could fall to 600 or even 800 naira to the US dollar soon?

It is obvious already how you feel.

By how you sound. We can all see what is doing you. You have taken it personal. What I decide to say to someone else is not your business. I did not tell a lie, I said my facts if you have a problem with my facts then we can go to court, but don't quote me telling me how to tell people things. I don't care who has said what in the past about the Ghanaian currency.

It's also obvious you have a prejudice as your point about the Nigerian Naira came up. You are talking to the choir, I have been one of those warning people about the Nigerian naira for a while now, but I can't say the naira will fall soon. Because I understand the policies that currently govern the naira, and I won't waste my time explaining. I also won't waste my time explaining the only problem that can make the naira even drop to levels of 370 naira to a USD, but 600-800? Good luck waiting for that with the current economic parameters.

What I can deduce from you is you think this is a Nigerian currency vs Ghanaian currency talk. You obviously don't know me. I am here to make money and enlighten others and learn from them too at the same time. I have learnt enough about you already.

I repeat, if you have a problem with my facts then let's go to court, but so far I was not addressing you. Do not tell me what to tell others. Thank you.

234ng44uk:
I requested and they sent it to me. You can do that too or pm me.

Okay thanks. Will do.

Sent you the PM (email), awaiting your reply. Thanks in advance.

234ng44uk:
They do. Have you requested from them?

Nope. Should I?

It's ambiguous in their quaterly report.

Who has data on the Stanbic IBTC money market average yield for the years...

2016, 2017 and 2018?

I find it unfair that they never gave a specific average yield for this years. They stopped doing this in 2015. That's not transparent. I am very sure if I called them, they wouldn't give the info, because the info in their report is very ambiguous. Just a graph that is not even clear.

So any one with this info? Thanks in advance.

PetroDollaxx:
What is the exchange rate for the Cedi per US dollar? Do you have to preach a long sermon just to state how much one currency exchanges for another? Fuckeduppedness I have observed that any time Nigerians talk about the Cedi, they are very quick to bring in the redonimation factor. If someone comes to you and asks for the current exchange rate per the Ghana cedi and US dollar, a typical nigerian will go like this..... Ghanaians redominated their currency bla bla bla... Fuckeduppedness

Nigeria should simply redominate it’s currency and stop acting so childishly

And your point is?

I simply explained why 60+ naira was a cedi. The fact still remains the naira is stronger. There are currencies out there that even the almighty USD is needed a little bit more of to get 1. It doesn't makes those currencies stronger than the USD.

We are all mature people here, and I never attacked anyone or nationality. I wonder what all the fuss is about. I have not stated anything that is not a fact.

OgogoroFreak:
wow!
I have learned something today. Thanks.

Uwc.

OgogoroFreak:
cheapest currency in which Africa?

Just because you need more of a currency to get another one doesn't mean that one has a lesser value than the other.

Ghana did what is called Redenomination, where the number of 0's attached to a currency is reduced. I.e. imagine the Nigerian naira 1000 becoming 10 naira, then 100 naira becoming 1 naira. This doesn't mean we now have a better value, 0's were just removed to prevent a situation were people will need wheelbarrows to buy just bread. Just check out Venezuela and Zimbabwe they have done this several times to no avail. Still the same inflation problem. You understand now? What determines the value of a currency is it's rate of inflation. Even if Nigeria does what I explained to the naira above by removing 0's our inflation rate will still be the same.

Also because USD is a general currency used worldwide, some people can use the rate at which your currency gains or loses value with respect to the USD. Especially if that country depends solely on importation where USD is being used.

Just2endowed2:
hmmm explain more

The Ghanaian currency lost some value.

mfonox:
True, i was surprised that it came up cos tbillz has been low for a while. oh well........we enjoy it for a day or 2 then

Probably commercial papers.

Those of you who were planning to go and buy Treasury Bills from Ghana, lol! I hope you didn't do it?

Their currency had a sharp drop today and became one of the, if not the cheapest currency in Africa. Stick with the demon you know!

alezzy13:
I agree to the first two points. clearly excessive rates are not sustainable - unless we want to end up with a giant Ponzi scheme.

However, the third point is what should happen in theory, but not sure it applies to us. First, if TB rates decline, how many banks will lower their lending rates? And how many will even lend to upcoming SMEs who are the real drivers of the economy? Then of course you consider the very unfriendly business environment - power, infrastructure,etc

The few that will benefit from lower tbs are the Dangotes, Otedolas and Ubas

You have a point though.

Some businesses will work others will fail. Being in Nigeria is already a disadvantage.

freeman67:
Not yet... I have not gotten my money back from investment-one... Also I have not gotten contacted United Capital which is my option B since I may not use Stanbic because of transfer charge..

Wow. You have not gotten your money back? This is serious man. Really sorry about that. This is really surprising coming from them.

And the bleeding continues...

freeman67:
To be honest I do not normally check the unit.. I just check once in a while to see if it appreciates. However, I notice a rapid increase in the first quarter of 2018 then it later stabilised..

Hmmmn... Interesting. Thanks for your response man.

Have you opened the dollar fund account yet?

freeman67:
2016 ending

Perfect. You are the best person to ask this question then, apart from the appreciation in price per unit of the SGIF, do they pay out any other dividends? Or it's just the capital appreciation?

Haypril07:
Please kindly suggest any mutual fund

Stanbic IBtc money market fund


Fbn quest money market fund


Contact Stanbic or FBN quest. Anyone you desire.

freeman67:
I have been operating the two (SGIF & SIMMF). Yes with their past performance records SGIF seem better but in recent times and with what I see about it in my account the growth of SIMMF is more steady. It does not fluctuate like SGIF do in relation to its stock mix and it's only the capital that is guaranteed. So for me, I can rely more on SIMMF because any amount posted would not reduce again.

Wanted to ask, how long have you been running your SGIF and SIMMF?

aremso:
Can you share your reason?

1. There is only so much debt the country can keep accumulating due to rates as high as 17%.

2. Now, the stock market will have a chance to grow.

3. People might actually be incentivized to start a business, and employ people.

If I had 10 billion naira. What do you think I will do? Buy Tbills at 17% ? Invest in the stock market? Or create businesses?

We all know the answer to that. I know a friend who has talked to some private businesses and their earnings is not doing better than Tbill rates.

dipoolowoo:
T-Bills Yields Hit 13.37% Amidst Buoyant Liquidity
https://businesspost.ng/2019/03/12/t-bills-yields-hit-13-37-amidst-buoyant-liquidity/

I am so happy this rate keeps dropping. Very happy.

tritritri:
Ohh i see.. How many stock do u currently hold now? abi ur playing the Fixed market ?

Currently? Nothing.

Made my profits and back to the Fixed income market.

I will be staying there for a while. I have been looking at the ASI and I don't like what I am seeing. Maybe I am wrong, but well...

tritritri:
So by March 11th U already forsee till december dat 33k is the maximum for ASI in the year 2019?

You can see I meant YTD... No one knows the future, but I can bet many people are running away already.

feelamong:
The Bonds and Money market is bullish.....expect lower stop rates in Tbills

Interesting. Thanks.

That moment some people realise the bull they were clamoring for had already happened between December and the ASI 2019 year time high of almost 33K.

Optimism is a very dangerous instrument, use it sparingly when it comes to making money.

feelamong:
Nigeria’s FX market is at its most liquid in 4yrs
…As foreign investors flood into bond market after Buhari victory…I & E window trades climb 120% to $4bn in one week

https://businessday.ng/exclusives/article/nigerias-fx-market-is-at-its-most-liquid-in-4yrs/

What does this mean though? In a nutshell?