₦airaland Forum

emmanuelewumi:
If you have an account with Stanbic IBTC Bank they should be able to give you a loan using your Sukuk with their Stockbroking subsidiary as a collateral

I just sent a mail to them now. It seems like Nigeria bank interest rate per annum is upto 20%?. Am I correct

Thank you sir

emmanuelewumi:
Yes the collateral must domiciled with the lender.


My Sukuk is with FSDH Capital, I can use it to get a loan from a FSDH merchant bank or any of their subsidies.

If I may ask what do you want to do with the loan?

The sukuk is domiciled with stanbic brokers, meaning I can get the loan from stanbic bank. I want to convert it to $, add some $ and buy a commercial house for rental. Thank you Sir. I will revert if am successful

emmanuelewumi:
Lawyer .


I would have ejected them, but for the cash scarcity and courts don't accept transfer.

Hopefully they should be out in the next 3 months or less

Oga Emma good afternoon.

Pls , how can one obtain a personal loan using sukuk bond certificate as a colleteral. Already spoken to firstbank and they said the bond have to be domicile with them before they can grant the loan. Pls any idea where to go for this loan.

Pls house, how can one obtain a personal loan using sukuk bond certificate as a colleteral. Already spoken to firstbank and they said the bond have to be domicile with them before they can grant the loan. Pls any idea where to go for this loan.

Thanks house

ositadima1:
Remember to also enjoy ur sweat every now and then for the future is uncertain. If the "trumpet" was to be blown today, some of us would miss out on a lot of things withing our reach.

I no dey joke with enjoyment. I be cruise for that side. Thanks for reminding me about it. Its well noted

emmanuelewumi:
You are doing well, use at least 40% of the coupon to buy Eurobond fund, real estate and good stocks that is how to diversify, create a financial plan or build a solid and consistent wealth creating machine.


The only exception is if you are a retiree who needs the income for sustenance

God bless you immensly sir. I had plans to invest all my coupon in real estate, amazon, google etc. Your advise few yrs back has been steadily paying. Thank u sir

Mills55:
No need to worry. It will land, provided you have a helipad.

Confirmed, straight to sukuk 4 subscription

Mills55:
Sukuk just landed. Christmas settlement.

Still waiting for mine oooo

CodeBlooded:
I don HOLD doge taya. What’s the best coin to buy now.

Shiba Inu

Penboy:
You sure say you no steal my portfolio??

Although I don't hold NIO sha!
Mi o like Chinese!

Still licking my wounds from $BABA

Bros so we dey run same port folio. Ok now add Nvidia to ur portfolio as am adding from July after their split. ���

afroxyz:
NIO?

Am with u brother. Not touching my Nio, Gevo, Idex and palantir. 5yrs time, I will come back to check on it

Nnamz:
I highly recommend Apple. Honestly, I'm skeptical about Tesla but what do I know lol. In fact I would choose palantir over Tesla

CC: Needful

Elon is misbehaving too much this days. I will choose nio, xpev, palantir, idex, apple, Facebook.

idolda:
Exactly! Why tie your fund down for months when you can average down and exit especially when you buy a bad stock? This is exactly what I did to some of the stocks I ignorantly bought in February, now I'm getting some of them back at a super cheap rate

Averaging down to exit has never failed me. It's one of my major strategies. Did it on idex and exited and bought back again at a very cheaper rate.. I use it to cut down losses too.

yMcy56:
The type of stocks that can be purchased around this time are fundamentally sound stocks that pays dividends and are liquid............the type that can easily bounced from sell-off.
Considering the scenario that happened with the stocks that declared dividends and were battered(APR, UBA, UCAP), I''ll suggest you wait for some of them to declare dividends first, we watch market reaction before buying................that's if you're not in the bus already.
If you're in the bus, just stay-put with your reserve fund at standby.
GTB, Access, FBNH, FCMB, Fidelity, JB, Fidson, M&B, GSK, Wapco,

As for me, Zenith bank @20 is not bad, below 20 better.....@circa 18 if at all it gets there is much better.
These stocks are not for those who jumps upandan............you buy, you take enough dose of drug of patience, you close ears to those waiting @50kobo junction.

There are some that could spring surprises, we'll know as time goes on, you can reserve some funds for those too.......e.g UBN on rumour of acquisition (if its true).............keep eye on it, if it goes below N5, buy some. Guinness on rumour too........this one has gone up a bit, was noised here below 20, you may keep ears down on it too.
I don try.

U are 1000% right ma. I was waiting at circa 18 and missed 19.55 yesterday and now is trading at 21plus.

unite4real:
That's true. just found out. This life no balance at all. Imagine mark down on a bull day. Lucky sugar

because sugar is very sweet. Reason am nau��

Mcy56:
Depends on your investment goal and objective.
If you're for long term, I think Zee @20/21 is not a bad junction to start getting in........in tranches........if it goes down below 20, you buy more......
Pls note the word "long term" there .......make somebody no come blame me.....
Also note that unforeseen circumstance(s) is/are not factored in.

Thank you ma

ukay2:
Relax

N18 may come soon

Thanks Doc. Will relax

Pls is it advisable to buy zenith now or wait.
Thanks house

oloyedelove:
I understand what u mean and I'm not trying to sound insultive in anyway. I'd like to know why it's wrong, if there is anything illegal involve.
She is opening the account for herself not for me. All I will be doing is trading with it. Is there any clause that stipulates that the owner of the account must be the one trading with it. Thanks.

edit: Thanks guys I've seen that it's illegal. Just checked their terms and conditions. Am grateful.

The implications are heavy. While u are trading with her account in Nigeria, she would be paying capital gain tax or even business tax depending on your trades limits and gains. It will further affect her yearly household income, meaning that if she has kids who receive child benefit, the amount could be reduced because of the gains u are making on stock, if she is on certain benefit, it could be stopped or slash down. I live in canada and the samething is affecting me because u pay huge amount on capital gain if u hold the stock for one yr before selling or business income if u are an active day trader. I will advice u to use bamboo or trove.

Halifaxguy:
Guys do not miss out on IDEX (ideanomics) stock. This gonna be the next EV stock to blow like Blink or Nio. Yesterday I bought 1000 shares at $3.18. Am going for longgg!

Halifax Guy, I missed that stock at 2.88. Meanwhile do you live in halifax nova scotia?. Pm me if so

brexit:
I have not doubted most news in this platform but this story is not true, one may ask me why.


Hauwa the wife is a moslem and their religion and culture do not forbid polygamy so why would she want to seek divorce, the man may decide to marry more than 10 no qualms


Second the blogger was unable to put Hauwas picture to justify all that was written

Does being a moslem involve sleeping and having kids under another man's roof?. If it was a case of FCMB MD having a baby mama or another family without the wife knowing, that would have been a different case but he fathered kids from a married woman under another man's roof and caused a fellow man's death. The shame alone is too much to bear.

Oyindamolah:
My Long term EV plays

Consumer vehicle: $CCIV, $NIO, $FSR

Bus: $CIIC

Truck: $RIDE

Scooter: $NIU

Others: $SOLO

What is your entry price on CCIV

solacong:
Please send me an email, see it on my profile on Personal Text, I can't PM again

Once we have 4 serious persons we move

Am interested

Tvegas:
Let's consider this scenario for the newbie

If he buys Zenith at N20 and we assume that Zenith is N21 on markdown date. After mark-down let's assume Zenith Loses another 10%. The actual return may be close to nil.

Of course you've balanced things by advising him on a low entry price.

A major issue will remain if Zenith will likely go down or up after Dividend declaration and by what margin?

Reason why I always reserve fund to average down. My advice is always to invest 60% and keep 40% incase of market bears.

@IBRAHIM nairand didnt allow me to quote u. I also bought Apple at 130, it failed down to 115, I average down, it failed to 112, i average down. Now am waiting for it to fall to $100 or $90 and I will average down more. So if u have money, buy more.

[quote author=Alaska90 post=93539039]Same here oh....I don't know what to do too on Apple....I am on 8% now

sell?
[/quot

Buy more if you have money

Am a ghost reader who only read chats and arguments here, i usually do not contribute because i trade only canadian stocks. If you are here and interested in trading canadian stocks, u may wanna check out; Toronto Dominion bank, Bank of Nova scotia, Suncor energy, Telus, canadian utility and Royal bank of Canada. These are good sound dividend stocks. Pls do your do diligence.

Godbpraised:
You till do not get what I am trying to tell you. The USA wey u mention na my backyard here them dey. A lot of poor black Americans are living an awful life even with government intervention , why do u think they go into drugs ? My brother the grass is not always green on the other side. U are to be a solutions provider not problem analyzer. Issues are everywhere. Look for a problem u can solve and boom � find a solution to it. I am aware the government in Nigeria is trying to support SMEs with funds especially in the farming and agricultural industry, take position if u can or if its something that interest who knows we can be business partner exporting food products for our nigerian population here in canada. Think business growth not government or problems.

Pls do not mention those black americans that doesnt want to do anything profitable with their lives. Did you not see the era of black life matters? They were busy stealing in the name of protest. Majority of them refused to go to school or do anything good, always waiting for govt to do everything. The only profession they are good at is 419, stealing and drugs. Even in this same Canada, alot of my Igbo and yoruba brothers are still partnering with the yahoo yahoo guys in naija to defraud people here. They believ in free money and defrauding innocent people up and down thereby denting the image of the innocent naijas. Abeg no go there.

ukay2:
Loooooool


Na oga Ahinbingas de deal on imported Truk parts, so he needs to over analyse the FGN to avoid losses.

Am hoping make this FGN debt issues relate to NTB at 18%, FGN Bonds at discount prices

No be over analysis and headaches be my problem

PMB and other top government functionaries are sleeping well at home, na me go come de drink panadol for them....

Oga you funny ooooo

odimbannamdi:
Nice.

I mailed you. All other things being equal, is it possible to get in the pool before September?

If u have done your wes evaluation, language test etc. U can enter pool tonight.

Now I wanna comment on the issue of moving to Canada, get your credentials evaluated, write ur IELTs, get your pof intact and enter pool very fast. Points are dropping very fast and Candada will sure need more people considering covid 19.

I really do not understand the reason why we discourage people not to migrate to a place most of us have not been to. I had also heard about people lamenting on starting from the scratch and bla bla bla. Pls its not everyone that migrated to canada started from the scratch. Destiny and lucks with preparation differs. I personally started from the scratch because I moved to Canada as an Accountant but later decided to move into healthcare because of my kids. Oga moved as a welding Inspector but never started from the scratch because his job is in demand alot.

On the aspect of the kids, there are good schools here, ranging from Catholic to moslem schools where homosexuality wont be taught and even where its taught, the school usually give parents yearly school course work so as to enable u monitor what ur child learn in school. For those advising you to stay back if u are earning 500k, I really don't know what to tell them but why not ask them to come back and earn 500k in Nigeria.

Many Nigerians who stick to minimum wage jobs are the most lazy ones, they want to push drugs and make 200million dollars over night. They practically doesnt wanna do anything meaningful with their life. Go to school, no way, do certification course, no way, collect loan and do biz, too difficult for them. Pls do not sit down and listen to Nigerians abroad. Get the immigrant visa if u can, leave ur family and come alone for 3months and if it doesnt meet your expectations, then go home.

I repeat, stop listening to most of our Nigerians abroad and do not allow age to deter ur plans whether 40yrs old or 50yrs old, opportunities are here for everyone but most of us are too lazy to grab it. Do not come after me because i do not have time to argue

emmanuelewumi:
If the fund is up to N5 million, buy FG bond in the secondary market through Stanbic IBTC. You should be able to get 10%

Sir, it's very difficult to get the bond from stanbic right now. They keep u on queue for ever and at the end, they will ask u to hold on why they book u in from CBN, i do not understand them this days. It's so frustrating, maybe Covid19 contributed to the recent misbehavior.