EquityM: There is logic to beating red days; always try and do DCA, chief. When the market is down. If you buy a unit for 50 naira and you purchase another unit for 100 naira, the one purchased at 50 naira will always make more money than the one purchased for 100 naira. It's good to always do dollar-cost averaging.
EquityM: He got pissed because I told a retiree not to dive into equity funds. As rewarding as it might be in the long run, I will never even allow my parents to invest in it except for stocks and MMF; even fixed income is a no-go area. I will keep blocking him until Nairaland ceases to exist.
Good riddance lool. Meanwhile it’s looking like a red tomstoes day
princezzz: CSOF in Cardinal Stone requires a starting investment of 100million if i am not mistaken, Someone correct me if i am wrong CS equity fund hasnt done so bad this past few days in my own books oo, Zedcrest might have done better but CS is not far behind. Ask Zenith them people for total scores. Go to Google play store to download Zedcrest Wealth,and register on your own. We no dey too run referral. Everyone understands the risk on their own.
EquityM: He probably invested his money in equity and lost it; that is why he kept ranting like a caterpillar with no direction. He has been blocked already, everyone knows equity investment is up and down, no actual returns are guaranteed.
It’s kinda deeper than that. Recall he started showing his hand by comparing stanbic’s rates with others in a bid to mock those that weren’t ready to move. Many saw it as informative but i immediately knew it was something else. Something deeply ingrained in most Nigerians. Heck we even have a whole generator named after that sort of behavior -I better pass my neighbor.
In naija, you’re not blessed untill you’re doing better than the next man. People even give such testimonies in church e.g I thank God for preservation as all my neighbors are suffering apart from me.
That’s what drives his mental algorithm. The fear that we are doing better than him. On a red day, you wont believe the amount of joy he derives.
Now you can see why he is a dangerous fellow to engage with
EquityM: He's probably happy with chicken change and the income from his referral. He will see shege pro+ when the NGX transitions to T-1.
Dont mind that guy. He thinks he is smart. Referral investor 😂😂. He only comes here praying that there’d be bad news just so he can gloat over it. He dosent wish us well.
He doesn’t know there’s a way he can structure his portfolio such that MMF pays for his equity red days while having double upside on green equity days.
Meanwhile, GTCo board meeting fixed for Tuesday to discuss Q1 results and dividend. Others likely to follow shortly. Bank stocks rally on the way. We may smile soon
EquityM: Yes, bro, couldn't agree more. I'm also taking heavy losses here as well. Let's see how things are going to pan out after the dividend allocation.
That’s some bullish red: seems they dont have the +/- 10% cap we have here
EquityM: A daily swing is still capped at 10%; however, some stocks tend to be volatile in nature, most especially blue chip stocks and oil sector stocks.
I dont even know what to make of today’s ASI. It went up a tiny bit but we had abit of rally with Bank stocks. The reason ASI didn’t surge is because of zero movement by many heavy hitter stocks, which i think is a good thing for NAV.
A little upside in some heavy weighted stocks + No movement in majority + little but insignificant drag by the remaining = some green atleast. Dont quote this formular. It has been trademarked 😂😂
My prediction for tonight. Looking to bank around 100k.
Anyways, i hear dividend announcement by banks is around the corner. Let’s gear up for some bull run again
princezzz: No be small "catch them dead center in the middle of the act too"😂😂😂😂😂 Like we no dey all still monitor our MMF interest down to the last kobo sef. Whats the difference??Just the shikeni red days for Equity
Dramadiddy: Na wa o, am I gettin this wrong you guys are tracking your balance on an equity mutual fund every single day? This is strenuous enough already.
Yup yup we do. We also track the ASI daily to know a green day in advance. Infact as early as 11am on a trading day, some folks here can already tell what the day will bring. Oh, i’d be remiss if i don’t mention that some fund managers are in the habit of updating YTD performance by 1am in the night. We make it a habbit to catch them dead center in the middle of the act too
EquityM: My foreign portfolio also returned modest red today, as the war is still not finalized yet. I hope things will get better soon. I included a US Treasury bill in my portfolio because it pays interest on a daily basis.
Nice plan with the Tbills. I do something similar.
Gains from my MMF neutralizes red equity days but on green days, i have maximum upside from MMF plus equity.