₦airaland Forum

epikaizo2076: You can lend me the money cause i know what to do it

Gentlebabs: No doubt, the Pension Reform Act 2004 makes it mandatory for all employees to have a Retirement Savings Acoount, which will be administered by your choice Pension Fund Administrator, alongside a Pension Fund Custodian in conjunction with Pension Commission and National Insurance Commission. The contributory pension allows you to withdraw not more than 50% of your contribution on attaining 50yrs or compulsory retirement age. M.K. Ahmed (D.G. PENCOM, Punch Newspaper 30/01/12, Page 31) cites that "According to the act, Programmed Withdrawal is an option that is calculated on an expected life span, meaning that the pensioner will be paid on a regular basis for a fixed number of years. After which he ceases to earn further income from his PFA. Also, the act specifies that Annuity will be paid on a regular basis by the insurance company to the pensioner until he dies". If you were retiring now, which option would you prefer and why? Secondly, if you have people retiring now, how would you advise them? Remember, retirement is expensive, but old age is more expensive. Pls don't derail this educative thread.

deenee: @ manie.....I can tell you for certain that Stanbic IBTC equity fund and ARM discovery fund have out performed the Nigerian All share index on several occasions even during the stock market meltdown. You can goggle it to confirm my claim.

As indicated in my earlier post, investing in mutual funds has its pros and cons but giving the whole investment a bad name is not appropriate especially for uninformed investors. I have consistently invested in a mutual fund as part of my entire portfolio for over five years and the returns (dividend payout and capital appreciation) has outperformed the NSE all share index.

Also not every body can analyse and take investment decisions regarding equities.

I keep telling people that the inflation rate we use in Nigeria is very flawed especially when we are all aware that data used to compute it is not accurate. The rate of inflation should be determined by a combination of consumer index, balance of trade payments,LIBOR etc and not the apex bank unilaterally setting it.

Finally go through my post again and you will note that I have include "continuous learning" as a criteria for the investment curve to be complete and YES one needs to invest long term in a good and tested mutual fund albeit in small tranches if a sustainable ROI is to be achieved.

I rest my case!

ernersinfobank: If you so believe in the profitability of that business you can sell anything to get the money, talkless of house.

oladiboy: I hardly safe money because my salary always has a negative sign- before month end. see you ;Dhow much i want save?

APFM: I have several bank accounts and unfortunately my banks[b] don't use shares as collateral anymore to access loan.[/b]

The shares i want to use as collateral doesn't belong to me,it belongs to an investor interested in my business proposal but gave me the condition to use his shares to access the funds needed.

Yes,i have a running loan from my bank and i am still servicing it,It's just that i was given a lesser amount from what i wanted from my bank.And i have less than a million to pay back to my bank now.

I don't have any track record on the business venture i needed money for but i have gone thru so many phases to kick off this business because i have done my feasibility study on the venture and it is more than 90% profitable on a long run.

Check my profile and see where i intended selling my property so as to fund myself but no one is buying my property because i don't have a title document.

I have pitched my proposal to so many investors,only to get this very person tthat will give his shares as collateral cos he doesn't have the physical cash.

I hope i have answered all your questions

Regards

APFM: I have several bank accounts and unfortunately my banks don't use shares as collateral anymore to access loan.

The shares i want to use as collateral doesn't belong to me,it belongs to an investor interested in my business proposal but gave me the condition to use his shares to access the funds needed.

Yes,i have a running loan from my bank and i am still servicing it,It's just that i was given a lesser amount from what i wanted from my bank.And i have less than a million to pay back to my bank now.

I don't have any track record on the business venture i needed money for but i have gone thru so many phases to kick off this business because i have done my feasibility study on the venture and it is more than 90% profitable on a long run.



What do they use as collateral? may be you do not have blue-chip stocks. if not I will advice you to change your bank.

Check my profile and see where i intended selling my property so as to fund myself but no one is buying my property because i don't have a title document.

I have pitched my proposal to so many investors,only to get this very person tthat will give his shares as collateral cos he doesn't have the physical cash.

I hope i have answered all your questions

Regards

APFM: I am looking for brokers that can loan me 3 million naira agianst stock worth more than 6million naira.
Please it's urgent to kick off a biz that has been pending.
call 08186919973 for more info

jp philips: What happened to selling the stocks?

olushowunm: TRY AND READ CAREFULLY BEFORE YOU CAST YOUR STONE.... WHEN I MEAN EGGHEADS, I MEAN THOSE PEOPLE THAT WERE DOUBTING THE POSTER AND NOT PEOPLE POSTING THEIR IDEAS... SO PLEASE BE VERT CAREFUL!!!

gritt n nitt: GRACE VILLE
3 spacious terrace building situated in a serene part of magodo phase 2 is offered for sale individually but also an excellent investment for investors that could buy all 3units together.
-4 bedroom 3 en-suite
-1 self contained boys quarter
-valid and verifiable C of O
PRICE-N60M (N55M IF YOU ARE BUYING THE THREE)
contact- 07018122707,07039870050,08037223516

sureboy1: @manie thanks...the preference is cos of accesibility,i jst wnt to open a cscs account for my shares (certificate) which are still papers right now & later trade off some possibly for money.Then i stay around ikeja.
I also don't know the scope of operation of the stock broking firms.

babypipsy: I guess UBA dividend has started hitting mail boxes. I saw one last week in my church P.O.Box. I have not received mine though.

azpekuliar: What are their rates and terms like?

eleven: Hello House,

My stock broker Mr Jide is urgently looking for consolidated breweries shares certificate to buy at a reasonable price for his client.

Seller must have proof of ownership, means of identification and authority to sell.

Payment will be made within 3 days of providing the requested requirements
.

Please if you have any or know anyone who has and willing to sell, kindly reach him on 08035018183 or 07011948637 or Email: olajidea1@yahoo.com
His office address is Insight Consult Limited, No. 60 Akowonjo Road, Opposite Access bank, Egbeda, Lagos...Office is on the 2nd floor.

Thank you

deenee: Apparently, there are a lot of uninformed people on this thread.

Mutual funds are not a bad idea once you get your investment strategy right.

What I see with most typical Nigerian investors is that they always want the quick way out. Always looking for the next "big transaction" that will turn their investment principal of 100k into 10 million etc etc. However, sorry to bust your bubble investments are not that way and if you are not rightly informed and use the information in due course, there is a high tendency to be back at "ground zero".


A mutual fund is a collective unit investment scheme where a fund manager pulls together funds from all categories of investors (retail, corporate, institutional, government etc) and put such in varying investment vehicles depending on the risk appetite, expected ROI and investment decision of the investors. A unit price is usually ascribed to the pooled investment scheme. This is the reason why we have mutual fund managers that use names such as "aggressive growth fund, equity fund, capital market fund, ethical fund, money market fund" etc all coined to differentiate the different classes of investment.

The name used for the type of pooled investment is usually determined by two basic factors namely the risk appetite and expected returns. Hence in this regard, a money market fund would typical fit investors that are risk averse and would prefer just minimal returns on their investments which would mostly consist of government backed securities (T.bills, bonds etc). A risk loving investor might consider investments in aggressive or equity fund wherein risk is high and so also returns.

Mutual funds can also be closed ended or opened ended. A closed ended MF is one where the fund is not open to secondary investors and wherein an original investor can only liquidate their investment after an agreed period has elapsed. This type is very uncommon in Nigeria and used mostly by pension fund managers in the West. The open ended is the opposite.

I usually advice people to have a portfolio depending on their risk appetite. A typical portfolio should have the following cash, FD, Tbills, your voluntary RSA contributions with a seasoned PFA,money and capital market investments, proprietary holdings, real estate (not essential for beginners) and mutual fund investments. The advantage with MF of course is that you don't have to worry about daily monitoring as you are already paying the fund manager to do that and there is also the risk of portfolio decline as we have with all other investments including the "almighty risk free T bills".

Speaking of T bills, do people really consider the real rate of inflation when calculating their ROI on T bills? I guess the answer is in the "affirmative" since every body here seems to think that T bills is the next best thing after man "discovered fire" and for those who think that T bills are risk free, just wait till the government defaults on repayment of a maturing T bill tranche.

I guess a lot of people are quick to forget the silent trigger that caused what we all now know as the "European Debt Crisis".

Finally, please do your homework well, read far and wide, understand why you want to invest, create a balance between short term profit taking and long term gratification, check the amount of funds you are willing to commit and lose (yes you will surely lose some) and ensure that your investment strategy is backed up by consistency in three areas namely....consistent contributions, capital reinvestment and continuous learning

All the best!

manie: The next auction will take place tomorrow 7th August 2013.

fsb: Does anyone have any ideas as to when the next treasury bills would be auctioned. Meanwhile CBN has revoked licenses of some discount houses. Hope that doesn't translate to loss of investor funds...

olushowunm: Its not proper to give stock tips... It may backfire on you later... And people starts saying Manie is the one that said i should buy this and not that!!!

Born 2be Rich: My main man ugodre, nice to have you here on this forum( although u initially started with us on this forum)...hope u will honour my invite to the [b]stockmarketnigeria.com [/b]forum too...enjoy

manie: That does not mean Nigerian Breweries, Guiness, Unilever, Nestle and Cadbury are not good companies, but there fundamentals does not justify their current valuation in the market. The stocks will under perform the All Share Index on the long run.

dotna: If you are up to 35 years old, then why not buy annuity investment from Niger Insurance PLC and receive an annual fund of about 1 million naira for life.

email natuaries@outlook.com for more on annuity options.

Peterwins: It may or may not be insider trading. However, what is insider trading?

Definition of 'Insider Trading'
The buying or selling of a security by someone who has access to material, nonpublic information about the security.

Investopedia explains 'Insider Trading'
Insider trading can be illegal or legal depending on when the insider makes the trade: it is illegal when the material information is still nonpublic--trading while having special knowledge is unfair to other investors who don't have access to such knowledge. Illegal insider trading therefore includes tipping others when you have any sort of nonpublic information. Directors are not the only ones who have the potential to be convicted of insider trading. People such as brokers and even family members can be guilty.

Insider trading is legal once the material information has been made public, at which time the insider has no direct advantage over other investors. The SEC, however, still requires all insiders to report all their transactions. So, as insiders have an insight into the workings of their company, it may be wise for an investor to look at these reports to see how insiders are legally trading their stock. source: http://www.investopedia.com/terms/i/insidertrading.asp

The information about the company was published in the quarterly result, investors eg foreign portfolio investors and some shrewd investors who saw value in the figures churned out by the company took position, but majority of the retail investors sat on the bench. How can you call that inside trading.

Just like we have some stocks that are currently selling at great discounts, does that mean that investors who are accumulating such stocks are buying due to inside information.

Jarus: Good job, man. I think we have similar orientation.

In my family too, it is the tradition to do countryhome first i.e build your first house in our town before thinking of any other place, even though we work in Lagos (our parents are at home). After the first house at home, you can then start elsewhere. This is despite the fact that we go home just twice or thrice a year (only the sallah visit is guaranteed) and we don't spend more than 4 days. But there is this sense of fulfilment that comes with having a countryhome. By God's grace, I'm close to rounding up mine too (https://www.nairaland.com/784501/building-house-kwara-state-journal/2.

Next plan after completing teh countryhome is city house (wherever you are working permanently, for most of us Lagos.


None of these however stops investing. You can put say 3m into further investments. It's not compulsory for you to finish the house at a stretch. You can do it over 2 years. You don't need to spend all your income on teh project.

It depends on a number of factors, but based on my own orientation/upbringing, if I were in your shoes, I would:

1, Put 4m back into further investments
2, Put 3m into your countryhome project immediately
3, Put 4m into short-term investments (e.g money market) and liquidate over 2 years, to continue your project at say 3 months interval or milestones e.g up to lintel, roofing, etc) . That way, you still make little money while continuing the project. Remember you're not living in your village, so no urgent need to rush.

As for Ajah land, that's very great. I stay in that side too (we have things in common) and a colleague just got 6m to acquire a plot in Badore (Ajah). Thankfully, your land will continue to appreciate. So you can come back to it later.

olushowunm: @OP... YOU ARE DISCLOSING TOO MUCH!

IF YOU WANT TO LEARN ABOUT HOW TO INVEST EFFECTIVELY, PLEASE CHECK MY THREAD ON "HOW TO INVEST EFFECTIVELY" AND "THE ART OF PERSONAL LEVERAGE"... CHEERS!