₦airaland Forum

stockbuego:
I was thinking that the VAT will be 5 %commission of our share transactions. 1m transaction will pay 50k

Extract from Morgan

" Sequel to the expiration of the wavier on Value Added Tax, granted on Nigerian Stock Exchange transactions in year 2014, by the then Coordinating Minister for the Economy and Honourable Minister of Finance, which now implies that VAT charges will now be applicable to NSE transaction.

Hence, we notify you of the resumption of Value Added Tax charges on all commission applicable to transactions executed on the floor of the Nigerian Stock Exchange, this charge takes effective from 25th July, 2019.

The applicable VAT rate is 5% on all commission earned from traded value of shares, which will be payable to Nigerian Stock Exchange and Central Securities Clearing System Plc (CSCS), as such, MorganCapital Securities Limited will resume the deduction of VAT on the following; Brokerage Fees, NSE transaction Charges and CSCS transaction Charges."

I read all over again to digest it..I think its 5% on commission or else wahala go dey ..jijo pple doing 2-3 days self go dey affected
You sell self at loss double wahala

Pls house got a message from morgan about this 5% VAT from Thursday

I beg how the thing go be like/work for example selling share worth 1 million naira ..Is the VAT going to be like 50k naira??





Thanks All ..I got the explanation now

robobo:
My Oga me sef no know. i was just relying on past trend of interim payment for the FUGAZ falling within the stated period.

it might or might not be d same this year

We be watching ..be like say someone said Access na this week ..uba neva said anything [not sure o ]

robobo:
result still far away (same as interim dividend which wnt be paid until late August / early September)

its just closing the gap between its brother and co musketeer (Access)

expect similar thing from FBNH if the other two musketeers are able to hold thier new prices otherwise they are coming back to thier third brother

How far sir ..Next week na first week August ..everyday dey go fast these days

RabbiDoracle:
The return on investment is what really matters. That return must be able to cover your 2-3 times your expenses on a monthly basis.

Why was your monthly expense not just used but 2-3 times of it used instead? I believe that a factor of safety had been included by either doubling or tripling the expenses. Your expenses may not have factored in medical cost(as you age, you see doctor often), repairs or replacement of vehicles over time, renovation of house and other unforeseen expenses.

So when you can comfortably plan and offset all these over time,then you are financially free.

In summary, the return on investment divided by 2 to 3 times your monthly expenses should give you 1 or above 1. Anything below 1 could leave you struggling after early retirement or normal retirement.

Well explained Rabbi

ahiboilandgas:
With rate going down this is the time to sell to make profit ....if u bought at 14.8 now 11 , u can sell to make profits

Sir hope the bank penalty fee won't be much ..Asking just to know about it

https://www.nairaland.com/5306710/toni-braxton-hugs-lai-mohammed


Emeifele enjoying life with after causing panick to Banking stock

See as he dey do like shy man

feelamong:
MASSIVE DROP IN TREASURY BILLS DISCOUNT RATES

TREASURY BILLS AUCTION 17TH JULY 2019

91 DAYS -----9.74%

182 DAYS------10.75%

364 DAYS-------11.13%

Not too good , make investors dem carry some of the money come stock mkt

Thanks to yrs of tbills ..difference btw tbills and stock ..see stock wiping pples money just like that for days ..Diversification is imp

"Hopefully " mkt will come back soon ..My only stock on profit is access on 5.97 and is coming closer now to 6.10 from 670

Jejebabaa:
Yeah, it's actually a good way to diversify/hedge. Reply sent.

Got it thanks bro

Jejebabaa:
Sent boss.

Thanks jeje could be another way to diversify further ..sent u a msg now

Jejebabaa:
Sure boss.

Thanks bro will be expectin it

Yayira:
That side of me you saw, you’ll see no more.. that part of me was dragged out with force or by force lolz and I did bad..
BTW have you seen a profitable trader that gets angry easily ?
E get some kind money wey person go make for the nse, you go begin ignore nonsense...both from humans and the market.

#OneLove

Good one sis

..NSE

Jejebabaa:
Minimum is $1,000 with subsequent addition of $500. No maximum

Can u send me the info as well..Thanks

Jejebabaa:
Sure and that is what we have been talking about.

Jeje ..any min or max amount u can invest ?

Bamz:
One of the most effective things you can do to build better habits is to join a culture where your desired behaviour is normal behaviour.
Atomic Habit

This is the true power of the Financial Independence community. When you first realize what’s possible, it feels like you’ve stumbled on this huge secret. You can’t understand why everyone isn’t doing these things! Then, you discover that talking about finances in standard relationships with friends and family can be so awkward and counterproductive. Many people in your work or social groups are perfectly content to spend what they earn and borrow for more.

Fortunately, there is an online community of writers, bloggers, and podcasters that you can tap into for learning and modeling. There are comment sections, forums, and conventions for dialogue. However passively or actively you engage, you enter a culture where the necessary behaviours are normal.

Extreme frugality? Check.
High earnings/high savings? Sure.
Focus on investing? Yep.
High income, low income, side hustles, charitable giving. All of them!

Whatever you want to learn about, and whatever habits you want to build – you are in a community and culture that helps to reinforce the changes you need to make for success

Source: EducatorFI Portal
-----
If you can't start T-bills just yet cos of low funds,
+ Continue saving what you have.
+ Get a savings account where you don't withdraw money from (to be able to qualify for month-end interest)/ consider mutual funds, fixed deposits etc). Preservation of capital is key.
+ Don't loan out what you can't afford to lose
+ Don't cultivate the habit of borrowing money
+ Don't buy expensive clothes or material things that won't matter in the next 10 years
+ Live way below your means if possible
+ Don't be in a hurry to get an apartment if you can stay with your parents
+ About investments, diversify, diversify, diversify (I'm pleading )
+ Don't invest in what you don't understand
+ Don't be moved by people who brag out their net-worth, rather see it as a motivation to do better
+ Seek to know more, don't laze around to be spoonfed. Be voracious for knowledge
+ Read Books

If you hang around the barbershop long enough, sooner or later you're gonna get a haircut.

Informative .. We need such information to make us to be more focus /hardworking also not to forget ourselves while spending Thanks for sharing sir

chillykelly86:
https://www.bloomberg.com/news/videos/2019-07-12/access-bank-ceo-sees-profit-boost-from-retail-business-video

Excerpts:- "We have a very very robust risk management culture... One of the facts we're happy about it that we're now seeing those loans turn around, we're beginning to get significant recoveries just because the market understands that we have a very robust risk management culture..."

Thanks for sharing sir
I think its one of the reasons why bear couldn't hit Access bank very well

[quote author=Chibuking81 post=80164007]Anything is possible in NSE, for GTB to come down to 15 even below can happen just in 5 working days, if it does loss 10% straight daily.
Political news of instability, Nigeria being in state of anarchy can cause stampede in NSE. You think if such occur, which no body is praying for, that people will not find a way to escape, including me, where everyone want to sell without buyer.
They following can cause serious bleeding in the NSE market
1. News of political instability ( at anarchy level)
2. Down fall of crude oil to 50,40, 30 dollar.
When ever you see such occurrence look for another investment alternative.[/quote






Well said bro !

..We don't know when Hot money pple will come..Anyone can get caught up anytime ..Just buy small small as prices go down or stay off ..For Nse anything can happen

Nobody can time the market ..Do ur homework.

Na so i follow the man for Oando that time for SMN vowed Oando go get to 1000 naira..Instead for me to do research..Rest was history ,part of school fee i paid

Jejebabaa:
Yeah, you are spot on. My uncle did it to taste to be able to rent it out to so called "classy" people working in banking sectors and telcos. Imagine making all the room ensuite, POP, ceramic tiles, wardrobes, water heaters, kitchen cabinet and so on for a rental property.

That was a good idea for someone that wants to deliver value/quality ..but i hope he will be able to breakeven at the end of the day cos Most tenants may not really value all those stuff ..Some tenants do , from the lil experience I have there is just a lil difference in rent between houses that has tiles /marble all thru Vs houses with few tiles

Its kind of similar to Auto biz...if u understand it.. Car with low mileage u know how much u get it..Vs car with medium/high mileage.. Going for same price in naija ..How u wan breakeven if u bought low mileage one from US to sell
Basics is as long as its clean..Most people just want clean running good car ..And they have their "Budget "

Jejebabaa:
Please which year was this building built and what was the finishing taste like. Was the house fenced, interlocked, litespan or Auminium roofing sheet, was the rooms tiled cos i spent almost 3.5M alone on tiles for the building not to talk of POP, wardrobes for each rooms, kitchen cabinets and the likes.

Just to add a lil to this discussion..If u re building a rental property from my lil experience you do not have to build really to taste cos MOST times there is a limit to how much our people that will rent it from you will pay , this idea has really helped me over the yrs ..except na personal home
I guess maybe urs (jejebaba) is a private home
Also the way most of our people dey do house by the time they leave your property is not good

For me those days i just did basics..Some tenants do not know the value of ur properties..

https://businessday.ng/exclusives/article/bank-stocks-sell-off-on-cbns-lending-order-may-be-overdone/


Good info !

RabbiDoracle:
Entry is key.

That is why to be on the safe side, just ask yourself, " what dividend yield will make me comfortable?". If that price gives you the "desired" dividend yield, buy at the price and below. You could even try and discount WHT from it to give you a lower entry price.

But in all, the aim is to keep collecting from the market whether it is good or bad

You ve said it ALL..Oga

Jejebabaa:
Thanks sir for the "Amen" oo. I made that mistake when FBNH was selling below 3 naira and i refused to average down enough (stopped when my average CP of FBNH was 7 naira from 10) and was busy building a "usesless" rental property because i gave up on NSE and was shocked when FBNH rose to 15 naira. Imagine if i had used the money for the house to average down enough on FBNH, the profit would have been massive. I learnt a very terrible lesson then and i have vowed never to repeat such a mistake by writing such experience down in my trading journal.
This is the more reason i am so happy now that, the same opportunity is presenting itself again.

Same I thought as well ..Uba was 3 that time if one had keyed it massively then you can imagine ..But it takes boldness o ..if you are not strong with the way the stocks dey go down couple with this Naija negative news here and there u go wan bail at a point
But we must make money for this one by His Grace..Amen

Gtb stuck at 32 naira now on my portf ...Gave up on it for now .. will need more cash to bring it down

Nse ..If u can get it right big time u re lucky ..Same Nse don make some people to disappear for the forum with huge loses

Jejebabaa:
Yes boss, with this dividend yield i am seeing i have decided to keep averaging down ooo. Worse of it all, i have determined to work overtime if i get the strength for 6 months straight hopefully as against my usual rotation of 6 weeks on/3 weeks off in order to be able to get fund to average down. God help me oooo, hopefully i wont faint.

Still on it jeje ..uba averaging down till any unit it stops bleeding...

Gave hope on gtb for now ..still on zee as well

Arsenalholic:
I will be supporting my new crush, Vivianne Miedema today. Hope the Dutch's smack the arrogance out of USA.

TEAM USA!!. ..Good to see us win

But the Dutch no easy o

[quote author=Magnifico2000 post=80013588]Go back and check the records btw super eagles and South Africa, you would see for yourself. We can count the number of times that have beaten us, perhaps once or twice.[/quote


Agree with you..Wish super eagles best of luck ..A win will be great for us

Magnifico2000:
Yes, no team should be underrated but it would be easier to beat South Africa than to beat Egypt.

Agree with u..North Africa football is diff ..I think we shld be able to contain SA