Focusingmore:


The trick with the stock market is to never follow what you read on the news.

I invested 20k in Macy's back in march when it was 4 dollars sold it at 8 dollars effectively doubling my funds.

I'm now using d funds to scalp d market which earns me around 5 to 6 percent daily.

Do d maths.


Sukuk bond , tb even eurobonds are not the best investments right now .

D ten k i put in stanbic eurobond since November last year as returned a paltry 256 dollars.

Investors should look into the us stock market if they want heavy returns.

Investors should look at what they understand. An overvalued market is still an overvalued one.

I wouldn’t even advise people to go and short-sell anything in that market.

ojesymsym:
They keep improving everyday. They have eurobond and stocks now.
Although I still prefer doing stock with a company like morgan.

Can the eurobonds be bought with naira? Or it’s USD?

koonbey:
I believe too that the current US bull run is not sustainable long-term, but there are ways to make money while still hedging against a downturn. Plus I think most people are underestimating the lengths Trump will go to, to prop the economy and stock market up as the elections approach, since that is his most important campaign point.

For instance, by investing most of the portfolio in FAANG-M stocks that have the fundamentals to weather any kind of economy. Those companies will certainly continue to thrive in the near and medium term. Even if the market falls, they'll come back up. A small part can go to companies like $TSLA which have more movement but are less assured.

Keeping liquid cash in Naira is not advisable. Just look at the sudden drop to ~₦460 per $ (Just by keeping your money in the US market pre-covid, you'd have gained almost 30% profit in Naira), for example. The stock market is also not rational or accurate and much less transparent, but I can't go into that.

Ultimately, most people would benefit from shifting into equities with adequate research and stay with companies like Amazon whose market dominance assures returns (even if modest) regardless of the economy.

Platforms like Chaka, Trove, Bamboo, Trove and Risevest have made it easy. Please conduct due diligence on all the platforms. I remember people making noise when some of us were sharing our good experience with I-Invest. If you prefer to go to banks and be arguing with tellers over T-Bill rates, or to be chasing a stockbroker around with phone calls, feel free, please.

When good companies are overvalued, you will pay school fees, no matter how fundamentally sound the company is.

I also think Tesla is a nice company, I love what they do, but as far as investments? I am not touching that company with my money. It can keep running up if it wants to. Wouldn’t move me.

emmanuelewumi:



There is a reason why my mentor is the most consistent member of the Forbe league table, being on the table for close to 4 decades

Nice one boss!

You have a good mentor.

pluto09:



All the yoyo traders are now claiming experts, telling us that the Oracle of Omaha is old school for selling some of his stocks and staying on cash.

Hahahahahahahaha!

People have short term memories when it comes to the financial markets.

pluto09:



It will most likely end in tears.
When price are up with no underlying fundamental to support it that is not the best time to buy unless one is a trader.

Yep! I agree with you.

DexterousOne:


Brother Powell has distorted the markets

Even companies wey suppose don die are rallying at unbelievable percentages

Na siddon look I dey

We will keep observing from afar.

DexterousOne:


All of una get mind

My $1 is not going into the US market o

Until the end of say next year
I don't understand that is going on again in that Wall Street.

Print money, dash people and then people buy stocks just because. If care is not taken, it will end in tears.

DexterousOne:
I hear the CBN wishes to auction fresh set of T Bills

Anyone here planning to bid?

I think most peeps here have moved towards bonds or Mutual funds.

DeRuggedProf:


Ok oo.
Person wey dey here dey strangle money get time for liposuction?

Hahahahahaha

Chai! Prof o!

Mcy56:

Hhmmm.
Hope you're good sir.

*Edited*

Yep!

You are doing well.

Mcy56:

You don see me before?

Somebody come and sprinkle holy water on this thread.

Yes darling.

You are sexier than her.

DeRuggedProf:


You get money to waste abi? Ok oo..
Google does not require an international air ticket to return the local search result...
You people too like to give Meffy headache...

Expo: Before Eagerly Noting In Notebooks.

Hahahahaha!

This guy

emmanuelewumi:



Which one be red light districts again ooo?

A place in Netherlands where you can I think have fun with dem ladies...

emmanuelewumi:
I pray things won't get to a stage whereby people can't get the money in their domiciliary accounts.

I hope so too. I think something of this nature happened in Lebanon or so recently. Quite bad.

OgogoroFreak:
Are you saying the leaders are always voted in and they don't rig? Most often than not, they rig themselves into power.

Our votes don't count!

^^^ Does that sound familiar?

Not necessarily. What exactly is voting? Do you think it’s only that actual act of voting that is voting? Lol.

stcool:


I bought fidelity, UACN, Zenith, Japaul and to start buying Guinness.

I made it clear here that Japaul for me is clearly speculation

Abeg...REST!!!

I am talking about your sure analysis that people here are wrong about a stock you bought.

You were once sure they were wrong about a stock they bought too.

I don’t see anything wrong with me pointing that out and trying to make jokes with a reference from prof, but if I have vexed you I apologise.

Coolcash1:
Those condemning JP shows lack of knowledge about NSE. If truly they understand, they will know that the shares is destined for upside. All things being equal, the shares might even close the week on full bid. We will continue to watch and allow Mr. Market do its thing.

Do you remember the not too long ago story of Transcorp? Was it 2019? E don tey small o.

I mean, was it not you I dragged this over with? Maybe it was someone else. I apologise for my assumptions, if I made any in advance.

stcool:


No clear financial analysis from NSEMPA as usual just meme and assumptions.

If Japaul goes to N1 we would have another meme as usual.

Na buy we buy we no kill person...UACN, JAPAUL I wont sell until I see the end

For someone who was sure Zenith (a profitable business) was going to drop lower, though you changed your mind later and you then go and bought shares of companies that have some comma...

Bros! The Village people arrow prof was talking about, you sure say no be you e enter?

I looked at one of the stocks being mentioned here. I checked the FA, checked earnings all poor.

Went to check past volume, current volume and the 30 days average volume and... all scary.

If you have more than 1 million Naira in this stock, forget the current “upward Performance”, you should be worried.

As for me, 100K, I will be worried. If you want to jijo, better off jijoing with nothing more than 100K. That stock doesn’t look Liquid at all. Is it no wonder price been rising steadily?

emmanuelewumi:
Always read and digest the auditor's report. There is a red flag if there are doubts about the going concern ability of a business.

Avoid businesses that are not generating enough revenue that can take of their running costs.


UPDC paid a dividend of N1.75k about 5 to 6 years ago, now the stock price is now less than the dividend declared in the past

Hahahahahahaha!

Chai! Lord have mercy.

Theconglomerate:
According to them Nigeria has so much money.
The government needs to do this,the government needs to do that....
Like say na empty hand dem dey use do am

Hahahaha

Nigerians need to first understand that looting or not. We don’t have much money.

Tobex4realTobex234:


Nigeria is a fucking broke nation dude.
Ghana with a population of 30m is budgeting $15bn,
Kenya with a population of 50 million is budgeting $30bn.
South Africa with a population of 60m is budgeting $100bn+

Nigeria with a population of 200m is budgeting $30bn +.

And this is me using countries in the same continent we pride ourselves as the giant.
I'm intentionally using these African countries because this is where we even get small mouth sef.
We ain't even the giant of West Africa. Nigeria is a broke shit hole, full of a large unproductive populace.

This! This! We are very broke!

Chibuking81:


CSL STOCKBROKERS charges about 1.45% for buying and 1.55 for selling, total 3%

Morgan used to charge about .65% for buying and .85 for sell total = 1.5% before, but they have increase theirs to around total of 2.2% buying and selling commission.

Thanks for the info bro. Seems I asked the question twice. I apologise in advance.

N/A

ojesymsym:
Poorest? Are you judging with the recent poor run of events after TB went down?
Anyway, I do not have an account anywhere else so I cannot compare directly but I did do a lot of research on the mutual funds thread and I know the FBN Quest guys were always complaining of one thing or the other.

FBN quest - bad customer service, inferior technology, and many others.

Chibuking81:

Best transfer and the easiest is to sell all your holding in that stockbroking house and open account with either Morgan capital or CSL. Both are on really time online trading, you can buy stock by yourself and can still sell the same particular stock you buy in the next minute with both of them. I uses both and they are efficient. The standard Union security (SUS) was among the stockbroking firm I used, but they refused to upgraded to digital stockbroking firm, so I sold most of my holding with them, leaving some with them, pending when they will upgrade.

Then if you choose to maintain your current CHN which you got when you open account with your analog stockbroker, then fill it in the form of the new stockbroking firm you want to use, this is because if you have activated e-dividend mandate with that CHN, as you open new account using that CHN number, you don't need to activate again.

Have an idea on the stockbroking fees of CSL?

IyawoToBe:
Do you use Internet banking? Check your card settings from there. See if you unchecked use on online/web purchases. I had the same issue and was on the verge of requesting for a new card when someone told me to do this.

Ps. I was charged 390/$ today too. Looks like dollar is coming down.

I went to the internet banking web and just found out this people didn’t add any country to the exceptions. Trying to add some countries now.

odimbannamdi:


Normal MasterCard received via one-the-spot procession in one of their branches 2 years ago.

Thank you. I appreciate.

IyawoToBe:
Do you use Internet banking? Check your card settings from there. See if you unchecked use on online/web purchases. I had the same issue and was on the verge of requesting for a new card when someone told me to do this.

Ps. I was charged 390/$ today too. Looks like dollar is coming down.

Looks good. Will check it out.

ositadima1:


Sir, ofcourse it will, even if he collects payments in dollar's most of it will find its way back in the economy, no be Nigerians go work there?

Thanks for the response and the pressure on the naira? Can it really help?

I don’t want to be too optimistic.

RabbiDoracle:


NASDAQ just hit a record high.

The market is liquidity driven.

All markets are responding. So NSE will not be different.

Onifa baba! Thank you.

Quick question boss, I don’t know if you are following the whole Dangote Refinery situation. Many people have argued for and against it, do you think it can have a positive impact on our economy, especially easing off that naira pressure?