₦airaland Forum

@nkc
Further to our detailed discussion, for the benefit of others i recommend young investors should have at least 25% of their investment portfolio in the money market eg KGIF, bonds etc, 50% in blue chip stocks and 25% or more depending on your attitude to risk in high risk growth stocks

For the older investor (thinking of retirement in the next 5-10yrs) your exposure should be at least 50-75% money market and 25% stocks. That way you won't have a heart attack if there's a sudden downturn in the market just before your retirement party

The Bottomline is that in the money market your capital is guaranteed but the appreciation is less
I dont expect the KGIF to appraciate more than 20% a year unless the fund manager is very shrewd and aggressive

Oz

@nkc
The opening price of the KGIF is N1.
This means there is room for growth, the price may fluctuate but it generally continue to grow as they accumulate assets, profits etc

Look at similar investment funds like the IBTC equity fund, the price also fluctuates depending on what the stock market is doing but the intrinsic value rises as the stock marlet rises and also dividends are paid in.

The KGIF maintains base value as they are geared towards the money market IE treasury bills and bonds which always repay the original investment at maturity. The fund will increase in value as interest and other sundry payments from dealing in the money market accumulate

a guaranteed 14% is a good return for the cautious investor or aging investor who wants to limit wild fluctuations in their asset base

I am personally subscribing to the fund but i aim to reinvest my profits until i need the cash.
Hope this helps

Oz

@Frankiriri
@eGoldman

I am pleased to see you did your research before investing. Some people think the cheaper the shares the better the value etc

Dunlop is for now a long term investment. I didn't have spare cash to salt away when the IPO was open but i will continue to follow this stock. At least you can access their accounts etc to follow their progress

Lets hope the Government does not scupper their plans by lifting the ban on importation of tyres etc

Oz

@Tmoni
@Loverbwoy

If a stock was sold at N18 weeks or months ago, it can not debut on the market at anything less than N18 (IPO price)

It is market forces and company fundamentals that will determine on its debut whether it will raise or even fall. You are always warned that stock prices can either rise or fall so beware and do not think the only way is up. So do your research before you buy or leave it to professionals

Just out of interest, how many people who purchased Dunlop shares know that dunlop has not posted a profit for 5 years running? catch my drift?

Happy Investing

Oz

@USPRY1

You dont need a translation service in Nigeria my love, surprisingly most people you come across will speak heavily accented 'queens english'
just speak a little slower, no slang and pronounce your words properly so they can understand your accent

If they can't speak english check to make sure you are in the right country

To fellow Nairaland users posting in this thread

It is not nice to be so aggressive and abrupt replying to posts perceived to be scams. If you require more information politely ask for it rather than ranting and raving and accusing others without good evidence

I for one would not put a detailed business plan forward in such a post unless it was requested. I would give some preliminary information though.
Not everyone has the time to write a four page post, it may not even be the right forum to do so

@Nijawise

It is called testing the water,  putting out feelers etc
So don't be so abrupt and aggressive just because you are suspicious.
It is everyone's right to be suspicious and to test everything and your right too but we should accord each other some respect
If we went round insulting everyone who we suspected of being a con artist in this forum we would be here all day

Have a nice day

Oz

@Frankiriri

Its a pleasure

You can download an evaluation version and copy the layout into your own template in Excel. Saves you having to pay for it. Commercial software would have all the relevant formulas embedded so you don't need to device your own and can also contain bar charts and graphs

Excel requires a bit of work, patience and an element of trial and error depending on how simple you want to make it. I have a personal package i designed in excel for personal use. I can send you a copy and you can tell me what you think
and likewise send me yours and we can compare

Take Care

Owen

Don't you all think the term 'Ghana must go' is very derogatory and demeaning to the Ghanaians?
We all complain of Tribalism, nepotism, racism and the like but we are all equally as guilty as the next person

The same Ghanaians who were unceremoniously deported without attention to international law are having to deal with Nigerians coming to make a living in their country.
We will soon be hated the world over just like the Arrogant Americans are today

I am yet to see a bag called 'Nigerians must go' in all my travels and if there were such a thing I'm pretty sure there would be an uproar


So please wake up and smell the coffee and lets give other people some of the respect we too readily demand too

Have a good day

I suspect power supply rather than generation is more of the problem
How does all that electricity get to the consumer without theft, vandalisation, shoddy second rate infrastructure and poor maintenance and a host of other ills that blight effective power delivery in Nigeria

We are encouraged but we continue to wait and see

Well said
I have said that it makes no difference to the average man on the street whether a monkey or a donkey is president of Nigeria.
Due to 'non implementation of the budget' and massive corruption, the life of the 'common man' is no better and probably no worse

We need drastic change if not a revolution, shame revolutions tend to be bloody

Aluta continua

Unexpectedly high tax revenues allowed South African Finance Minister Trevor Manuel to announce increased spending and the country's first budget surplus.
In his 2007 budget, Mr Manuel increased spending on housing, education and health and announced plans for a new social security system.

The finance minister had a "Tips for Trevor" programme before the budget, encouraging people to send him ideas.

He said the overwhelming message was that an assault on poverty was needed.

He announced big increases in spending on education, housing and sanitation.

Increased prosperity

He also unveiled plans to introduce an earnings-related social security scheme to provide unemployment insurance, disability and death benefits and old age pensions.

The new benefits will be funded by a social security tax.

The high tax revenues are a result of increased prosperity, high commodity prices, a wider tax base and a campaign to clamp down on tax avoidance.

That has helped create a budget surplus of almost 11 billion rand ($1.5bn; £790m).

The budget included provision for 17.4 billion rand ($2.4bn; £1.3bn) to be spent on the 2010 World Cup soccer tournament.



So when are we going to have a Budget Surplus?

There is a lot of debate in Nigeria about the generation of sufficient energy to meet the countries needs. No one seems to be giving though to the other attendant problem of power supply. You can generate all the electricity you need but the weaklest link is in reliable supply to the consumer.
Vandalism, theft and lack of infrastructure are issues that need to be addressed too not building the biggest power generation plant ion the country

I am being bombarded with emails from a 419 scammer called 'Barrister chinedu'!
He has sent me his phone number and email address and keeps asking me to phone him i know he wont do this unless he thinks he is on to a potential score with a mugu

I keep sending him replies in my spare time knowing well that time he spends on me is time he cant spend on someone else

I am going to tell him i will come to Nigeria and contact him ASAP

I have now labelled him 'reverse mugu' coz he is being scammed into wasting his time and money sending me emails

poor fool

@Honeykit

We honestly don't need a religious leader as president, he should stick to his earlier calling. How many prophets did God make King?

Nigeria is full of people who can do the job but greed soon takes over. It happens even to those wit the best of intentions when they first take up the job

God save Nigeria

@egoldman
It seems the flashy computers in Nigerian banks are for checking emails and surfing the net.
I wonder how secure their systems are,they are seem to be logged onto the internet all the time. Strangely though they never reply emails or if they do its usually days after the initial email.

By the way i have been waiting for a new PIN to be sent to me by UBA so i can access my account for nearly a week now, i am tired of waiting

How can you operate an account from abroad when you cant track transactions online? I will have a very low threshold for changing banks.
I have tried to give allowance for the 'Nigerian factor' here but what exactly does the word 'tomorrow' mean to Nigerians

All i can say is dint accept any excuses

Politicians in the west do make money, but after they have left office not while they are in office.
Bill Clinton, Margaret Thatcher etc are millionaires because they write books give sponsored talks and lectures, act as advisors and consultants, directors to big companies and lobbyists.
Thats how they make their money, not by plundering the coffers of the countires they claim to serve

Nigeria politicians should borrow a leaf from their example!

As the elections draw nearer in Nigeria, I wonder if a new set of politicians or maybe not will make any difference to the general plight of the Nigerian masses?
Nigeria is moving backward take it or leave it!
Some dimwitted Nigerians believe that because we no have mobile phones and satellite TV we have made progress
The real marker of progress in society involves looking at things like life expectancy, transport links, recreational facilities etc not how many people can now make phone calls abroad form the privacy of their own homes

The only recipe for change in Nigeria is a revolution, peaceful or otherwise. It is time for us to all rise up and say a resounding NO! to the injustice corruption lack of security and other social ills we are enduring in our country

I suspect a reason why most do not say no to corruption in Nigeria is they are all waiting their turn or waiting for their brother to being in post so they too can bleed the countries coffers dry with no conscience

When the ruling elite do not take heed and listen to the masses they can only hasten their own downfall
So politicians take note, the end is drawing nigh and it wont only be Nuru Ribadu looking for you. The masses will soon be baying for your blood. Don't think the police will save you in your fortified palaces, they are hungry too!

So forum what do you think is the best way forward for Nigeria, in the coming years?
Answers on a postcard


One concerned Nigerian

The teaching hospitals in Nigeria are doing the best they can with the meagre resources they have been given by the government. Healthcare is a political tool and in any country is a barometer of how well the politicians are keeping to their promises
In Nigeria, life expectancy has actually fallen rather than improved and this shows that the politicians are a no different from the ones they have replaced

The only way Nigeria will improve in an are be it health, industry, transport etc is to completely rid the country of the old guard (Jerry Rawlings style or otherwise)

Unless this happens Nigeria will not make progress

Enough said!

@egoldman

Much as we would like to think the banking scene in Nigeria is one of the most modern in the world this is simply not true.
Facilities missing or substandard in Nigerian banks include
1. Interbank transfers
2. International money transfers (only a few banks and most demand a domiciliary account first, even the major players have problems here)
3. Live online services (carrying out an online transaction may not be recorded electronically till at least 24h after actual transcation)
4. Always on internet services (have been trying to view my account online for the last 3 days to no avail)
5. Online share dealing services (realtime not send an email and we will respond next week sometime)

I recently opened a bank account in Nigeria, after completing all the forms and making the  initial  deposit, the person i was dealing with could not even walk me to the door of her office (manners!!) and immediately started talking to someone else  leaving me to wonder if indeed we had concluded our business. I certainly did not want to know what she was going to have for lunch with her colleague!

The next bank i walked into, at some point there was a conversation along the following lines, aaah you want to open an account? we only accept account opening deposits of N500,000 and above here Oh! this is not a poor mans bank!. Does one have to wear a suit made out of naira bills  when opening a bank account how crude. Isn't it better to have an account for every single person in Nigeria rather than a few rich crooks whose accounts might be frozen anytime, simply flawed thinking i say.
Even after opening the account with more than te required deposit, i still struggle to carry out simple transactions everything is done in slow time in Nigeria

So Brother beware and don't rely on these so called Banks, don't expect much, it helps to lower your expectations