₦airaland Forum

Mankind2024:
From Lockdown Despair to US Stock Success: How the COVID-19 Crisis Sparked My Journey to a $200K+ Portfolio

During the COVID-19 pandemic, Nigeria's nationwide lockdown marked one of the most turbulent periods in the country's history. The future felt uncertain, and tomorrow seemed bleak.

This challenging time coincided with a severe market meltdown. The Nigerian Exchange (NGX) was deep in the red, portfolios were bleeding value, and the federal government introduced "Ways and Means" financing—essentially printing money and borrowing without asset backing.

These events pushed me to diversify beyond local markets and explore opportunities abroad.

One fateful day in 2020, while browsing the "US Stocks Pick Alert" thread on Nairaland, I discovered a foreign broker that allowed qualified Nigerians to register. I signed up successfully, though at the time, I had little idea which stocks suited me best. Day trading and chasing "hot stocks" dominated the scene.

In the beginning, it was mistake after mistake: dabbling in penny stocks, battling emotional volatility, and falling prey to greed.

Then, in 2023, I paused for reflection and committed to staying within my circle of competence. I began studying the "Magnificent 7" stocks and their profound impact on the global economy. I started carefully selecting investments in the dynamic US market.

Today, those efforts are paying off handsomely in US dollar terms. As of the close of business yesterday, my portfolio—started as a seed for my three beautiful children—stands at $203,424, with unrealized gains of $61,463.

May God continue to bless us all in the new year and beyond.

yMcy56:
Did you stationed him here to be doing calculations for you?
You should know to ask politely at least.
Na so so bring bring you sabi.
Learn to say please and thank you....
The 5 magic words actually.

Agbalowomeri:
Aradel - N300
Sterling - N2
GTCO - N50
Zenith - N35
Transcorp - N12

chimex38:
@naturalflow the Q3 performance was not as good as Q2 performance that took it SP to 4+
It made ₦0.56 EPS in H1(Q1+Q2) which made estimated FY EPS to be about ₦1.10k! Consequently, this took SP to ₦4+
Q3 alone it made ₦0.13
(drop per Q). This shows it may not attain the FY EPS of ₦1.10k that was estimated by H1 that took the Share price to ₦4 if it continues with this ₦0.13 EPS in Q4.





I know Qtn is meant for Aj8.
But let me add.

EPS of MB is 0.69 Year-Till-Date(9Months).

We are only left with 1 quarter EPS to add to the EPS of 0.69 to get the Estimated FY EPS.

12=12 calender months
9= calender months.

0.69* 12/9 will give you the estimated full year EPS of ₦0.92k
He multiplies by 4 as his personal standard of average PE ratio of 4 for "most" companies which he calls common sense .
0.92* 4=₦3.68 as target price.

Alternative1,
4=4 quarters(12months; FY)
3= 3 quarters(9months)
he could as well have done 0.69*(4/3)=₦0.92
Then 0.92*4= ₦3.68 as target price.

For a more logical breakdown:
Alternatively 2, you can divide 0.69(Eps for 3 quarters) by 3 to get the EPS for 1 Quarter=
0.69/3= 0.23.

Then multiply 0.23 *4 to get the estimated full yr EPS= ₦0.92k.
Then multiply 0.92*4 to get the common sense target price of ₦3.68 as target price

ositadima1:
I think it’s more about making the most of the years we have left. I’ve said it before, petrol as the sole fuel for cars, trucks, and buses is gradually being phased out. Many countries have already set dates to ban fossil fuel–powered vehicles, some within the next 20 to 30 years, and even earlier in a few cases. Do you know that Ethiopia has already banned the importation of fuel-powered buses because of its new large-capacity hydro power plant?

Refining profit margins will take a hit in the coming years; plastics and other by-products will likely become the main revenue drivers. Just my opinion, though. I’ll remind you in the next 10 to 20 years, maybe in this thread, maybe somewhere else. Just take care of yourself till then.

mikeapollo:
Let's remember that lower inflation figures does not mean that prices are reducing or dropping in the market.
It only means that even though prices are increasing, the rate of increment is lower compared to prior year i.e. prices are increasing at a decreasing rate.

emmanuelewumi:
Don't invest, don't keep your money in the bank, keep your money at home

edwardaigb:
I bought 500k of equity assurance during the last insurance consolidation for 1.50 per units. about 16 years later i was begging to sell and eventually sold for 20k. I vowed never to go close to insurance. I gambled 1M units of RoyalExchange early this month based on Loco hawking at 1.55k and came out today at 2.80k. Congratulations to the buyers. No regrets and pray not to look back again on insurance stock.

Agbalowomeri:
Una too dey cap

Na after people board plane someone will now ask another to give up seat. Tell that to those who have never boarded a flight before in their life Abi na danfo

Locotrader:
Womders shall never end.
He is playing prank.If pa Emma is not a Billionaire by now,you people should go and appease the gods.
So since 1998 pa Emma has been in this system compounding with dividends and bonuses,he is not worth N1B?
I can't believe it
It is now operation Traders vs investors declare your portfolios.......

chimex38:
There is an improvement anyway.
The idea is that the market will react to the % improvement which I believe he just translated to an equivalent "apparent EPS"; Not necessarily the face value of Eps.

The formula isnt complex. Its still simplified.
Afterall, the stock price wasn't Zero or -ve when the face value of EPS was -ve; was it?

ositadima1:
The Ogas don’t even know where to put their money anymore—they’ve already conquered the NGX. Let them move to higher ground; I trust they can conquer the Nasdaq and NYSE too.

yMcy56:
Just seeing this.
It's obvious you've not been following some of my posts on FBNH.
- Since the days of N3, I've been on FBNH's case here.....
- When Otedola stepped in at around N6/N6+, I was here encouraging interested persons to buy.......he was the one that moved it to 2 digits.....
- Immediately he showed renewed interest to increase his stakes recently, some of the few people I told to buy are here......, when it pulled back to 16, and recently @25/26...
- And so on and so forth......
- I couldn't have made posts against FBNH when recent developments are progresses on top the above points.....
* I'm Pro FBNH, I'm pro Otedola.....seems my earlier post was wrongly interpreted.😊

HesInMe:
First Bank is now one man's personal owanbe. Investors should be concerned about key-person risk: What if dem find di man tomorrow and dey no sight am?

yMcy56:
Meanwhile, OTEDOLA is selling First Bank in market.... @35.40 full bid...

CI Leasing in green.......
EUNISEL @16.30.....+10%

* CHAMS full bid @3.09...

Locotrader:
Pa Emma is around 60 years
Agba 53 years
Peter 50 years
Streetinvestor 47
Mercy
Loco is 45 years
Ositadinma 40 years
Emmaodet 35

megawealth01:
ARADEL has to come to my bargain entry

emmaodet:
Likely to see a pull back for ellahlakes at this 4.8 price. Possible to take some profits.
It is an area of constant resistance.
It faced a resistance at this price in sept-24 and Oct-24
This is the third time testing this area but with the volume been observed, we will see if this line of resistance obey the law of polarity where price breaks above and it becomes a support.

Panadee:
That's how Spain's football teams used to perform before they won the Euros in 2018 and the World Cup in 2020

yMcy56:
For those posting long long articles, kindly spare us the troubles of scrolling endlessly by posting the links and just few lines of the article(s).
For the Mecure Oga, also note pls.
Thank you.

Picky1:
FBNQUEST, FDSH etc. are seriously looking for customers and will be very happy to get you on.
Ensure you have all the required documents....We are proud of serious girls like you....please keep it up!
Send an email to FBNQUEST Customer Care: ccu@fbnquestmb.com

megawealth01:
You wan break tables today wey be FRIDAY?

talk2me2:
I hate greenwinch registrars

ositadima1:
Let me explain why stocks like Oando, Dangote Sugar, and others that are structurally underwater (price & technicals) will find it difficult to move upward.

First, the concept of being "underwater" refers to the structural position of the current price relative to where significant trading activity occurred within a given time period. Simply put, many traders who bought at higher prices are now waiting to break even—and they create resistance. When the price reaches their breakeven point, they tend to offload their positions, creating selling pressure.

The only logical way for such stocks to move higher is through a strong catalyst—exceptionally good news that can propel the price beyond this overhead resistance. Some of these stocks have over 80 billion naira worth of volume sitting silently above current levels (more money sitting above than below price over a given period). [/b]Breaking through that kind of supply will be tough and take considerable time.

That said, this is my latest interpretation, which contradicts one of my earlier views where I said, "Never buy above the big money." In light of this new understanding, that statement was wrong.

Now, my updated stance is this: buy below the big money only if you see a [b]Level 8 catalyst—something strong enough to drive the price up. Otherwise, it’s best to stay on the sidelines for now.

ositadima1:
My friend, you can rest now. Anyone who follows you should already be in Champion. Those who aren’t probably either don’t believe in you or simply aren’t interested. All this prolonged marketing doesn’t change that.

Megapower:

Agbalowomeri:
Na Dubai he dey o no be proper abroad

Runs for cover