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Otomatic's Posts

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InvestmentRe: Treasury Bills In Nigeria by otomatic(m): 10:31pm On Jan 24, 2023
emmanuelewumi:
My views will be controversial na.

Why should I have more than 30% of my networth in an illiquid asset?


If he must invest in real estate, he should not invest more than N35 million.

My opinion though.
Maybe for the cashflow?

And in the same circumstances what will you do with the balance left after investing NGN 35 million in real estate?
InvestmentRe: My Brother Is In Trouble Over Failed Online Business Transaction. by otomatic(m): 7:41pm On Jan 24, 2023
You are baby sitting an adult. He will not learn anything by selling family property to bail himself out. Let him sell that GLK and his personal effects. That way, the loss of those things which are dear to him will teach him better.
As for that family property, everyone should share the proceeds. Anyone who wants to help him out of his or her own share should do so voluntarily.
If he sells family property now, what will he do in future? How about any sibling who may in future have issues? Won't that sibling feel cheated or entitled to selling another family property?
Your brother and his supportive wife should sort themselves out.
Don't even think of borrowing money to resolve this else it will be a constant reoccurrence.
Imagine! From car loan, to ponzi, to whatever new scheme they will come up with later. The wife is the one dreaming up all this nonsense.
InvestmentRe: Treasury Bills In Nigeria by otomatic(m): 2:17pm On Jan 24, 2023
Traditional banks don't do MMF. Their Investment banking arms (where they exist) do.
InvestmentRe: Mutual Funds by otomatic(m): 9:48am On Jan 23, 2023
Inflow simply means transfer. Asset management companies want your funds to be transferred to them so as to leave a trace and not allow themselves to be used for money laundering which is a possibility with cash deposits.
PoliticsRe: Francis Waive Begs Governor Okowa For Toyota SUV Given To PDP Lawmakers by otomatic(m): 10:33pm On Jan 20, 2023
God1000:
Too bad, the governor shouldn't have excluded him.

It shows how immature our leaders are, you won't see such in advanced democracies.
He is a federal lawmaker not a state legislator. The Federal government owes him an operational vehicle. The governor may just have decided to give his own party men operational support. He is not obliged to give any Federal legislator such gifts let alone an opposition lawmaker.
FoodRe: My Table Top Gas Stove Suddenly Shatters When Not In use (pics) by otomatic(m): 12:29pm On Jan 20, 2023
mexxy1:
That gas doesn't look like something that hasn't been used up to a month.

The burners are rusted and the metal plate around the knobs as well unless you bought it from someone who had previously used it.
You misunderstood the guy. He is not saying that the cooker is a month old. Rather that it has been a month since the last time he used it.
PoliticsRe: Court Summons Emefiele Over $53m Paris Club Debt by otomatic(m): 5:21am On Jan 18, 2023
seeyounow:
cool cool
All these West Central, Midwest, Middle Belt are not part of the 6 geopolitical regions of Nigeria.
Besides, where is South-south?
PoliticsRe: Emefiele Returns To Nigeria, Heads To Office With Massive Military Protection by otomatic(m): 8:06pm On Jan 16, 2023
A govt divided against itself...
Nobody to call anybody to order.
PoliticsRe: Nigeria May Have Been Wiped Off By Now If Not For Buhari — Femi Adesina by otomatic(m): 6:22pm On Jan 13, 2023
Of course. By the terrorists imported to rig elections and unleash mayhem. Thank Jonathan for wisdom.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by otomatic(m): 6:16pm On Jan 13, 2023
Wapgod:
The ROI from NGX is very low, especially for the risk taken(No capital preservation).
And the wahala involved is extreme.
You want to do inter-member transfer, big wahala, transmission-wahala, dematerialisation-wahala and so on.
Dividends is low ROI to me and take too long, so i dont look forward to it.
Short-term investments is more suitable for me.
Short term (trading) - use technical analysis, have target price
Long term (investing) - use fundamental analysis, have fair value
Both requires patience
PoliticsRe: Lady Put To Bed Safely After Shouting ''The God Of Gov. Wike'' Thrice (video) by otomatic(m): 6:22pm On Jan 11, 2023
Before nko? Didn't you know that Wike is an MOG? He go soon be Daddy GO when he retire from government house.
RomanceRe: How Do I Tell My Fiancee That I Don't Want Court Marriage by otomatic(m): 6:20pm On Jan 11, 2023
If you like do only traditional marriage. Customary court still dey to dissolve the union. Just be an honest and trustworthy person and you won't gave some kind headaches.
PoliticsRe: Aisha Bichi Orders Arrest Of Abba Yusuf, Orders His Aide Garba Kilo To Be Killed by otomatic(m): 11:56am On Jan 09, 2023
The President or whoever the DG teports to should sack the man ASAP.
EducationRe: Teacher Shot By 6-year-Old With Gun In US Classroom by otomatic(m): 9:45am On Jan 07, 2023
Triangles1:
Gun everywhere like pure water, until the day somebody will shoot their President that's when they will take it serious to ban Gun, imagine 6 years old have access to gun.
American presidents have been shot in the past. It's not a new thing.
PoliticsRe: I Am More Experienced: Kwankwaso Explains Why He Didn't Step Down For Obi by otomatic(m): 1:22pm On Jan 05, 2023
Which education? In a country where a Professor is deputising a Nepa certificate holder?
Foreign AffairsRe: Taliban 'Worried About Andrew Tate' As They Ask For His Freedom by otomatic(m): 9:44am On Jan 05, 2023
So the Taliban are now supporting pornography as the answer to feminism?
Wonders!
Foreign AffairsRe: Prince Harry Says William ‘Attacked’ Him & Left Him Knocked To The Floor by otomatic(m): 9:39am On Jan 05, 2023
Make dem run DNA on that Harry ASAP.
PoliticsRe: Court Stops DSS, Police, CCB From Investigating Mahmood Yakubu Over Asset by otomatic(m): 5:08am On Jan 05, 2023
It appears that some desperate politician does not mind setting this country on fire for his lifelong ambition.
First was CBN governor, now is INEC chairman. Who will be next? Chief Justice of the Supreme Court?
What baffles me is how agents of state are fully incorporated as willing tools in the conspiracy.
If security agencies know their jobs, they will know there is a law of timing in everything. You cannot be arresting important state officials in a month to a crucial exercise when you could have done so some years back and will still have a chance to do so afterwards.
This just reminds me of Pablo and all the bombings of aircraft carrying opposition candidates.
I hope our democracy is safe from idiots in uniform.
CrimeRe: Police Defend Drambi Vandi Who Killed Pregnant Lawyer, Call Him ‘Nice Man’ by otomatic(m): 6:55pm On Jan 04, 2023
Rubbish. Tell that to the Judge.
CelebritiesRe: Alexx Ekubo Made Me Issue Public Apology And I Fell For It - Fancy Acholonu by otomatic(m): 6:12am On Jan 03, 2023
joeeee240:
This is exactly what happened grin
It's typical women behaviour. They will plot, scheme and manipulate yet be playing victim.
CelebritiesRe: Alexx Ekubo Made Me Issue Public Apology And I Fell For It - Fancy Acholonu by otomatic(m): 5:30pm On Jan 02, 2023
You broke up publicly, called off the wedding publicly.
Then you probably wanted to make up privately but he insisted that you should apologise publicly too.
So since the public apology did not make him bend as you envisaged (as evidenced by him unfollowing you) you decided to play victim by claiming that the man is manipulative.
PoliticsRe: How Much Is Fuel In Your Area Today? by otomatic(m): 2:45pm On Jan 02, 2023
TheBTCinvestor:
Lie mohammed cousin angry
Why is it a lie?
Stations in my area are selling at 320 a litre and most are not even selling.
PoliticsRe: Fuel Subsidy Favours The Rich More Than The Poor – Tinubu by otomatic(m): 10:02am On Jan 02, 2023
Since when?
You that organised people to occupy Nigeria because of this same subsidy removal need to be stoned.
One even called subsidy a fraud because of personal interests.
You intentionally misled and incited the masses for your own gain now the rooster has come home.
.
FamilyRe: My Father Wants To Chase Me, My Wife And Kids Out Of The House. by otomatic(m):
Haba! You are not yet ready financially to stand on your own yet you have a wife and 2 kids?
I'm Sure your father is tired of feeding you and your family and paying all the bills in that house.
You are a financial burden to that man.

I once read how a son sued the patents for giving birth to him without his consent. He was asking that for doing so, they should take care of him for life. You seem to be someone in that category.
PoliticsRe: Naira Redesign: Senate Seeks Deadline Extension To June 30 by otomatic(m): 6:14pm On Dec 29, 2022
The old notes are still legal tender and are to circulate side by side with the new notes till 31st January 2023.
InvestmentRe: Nigerian Stock Exchange Market Pick Alerts by otomatic(m): 9:52am On Dec 29, 2022
Coolcash1:
Yours truly entered at N16.70 grin. Pull back expected at 200EMA on WTF. Na from there we go load up again upon confirmation grin
I thought the lowest it went to was 16.8?
FamilyRe: ..... by otomatic(m): 7:12am On Dec 27, 2022
Whois:
Cut your coat according to your size
According to your material, you mean.
PropertiesRe: Landlord Just Gave Us Quit Notice by otomatic(m): 4:50pm On Dec 24, 2022
The man has not ejected you yet. He is just telling you to vacate his property at the expiration of your rent.

Why do you want him to give you quit notice only when your rent expires, won't you pay for that period of notice? Most people who have this your mentality usually think that the notice period should be rent-free.
PoliticsRe: Ekiti Government Seals Off Petrol Station For Selling Above Pump Price by otomatic(m): 11:33am On Dec 24, 2022
When stations in Akwa Ibom are selling at 300 per litre
FoodRe: Alien Miss Road.. If You’re Home Alone And You See This Animal, Don’t Run. by otomatic(m): 9:41pm On Dec 22, 2022
What kind of creature is this?.
What is it called and is it common in your area?
BusinessRe: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by otomatic(m): 9:35pm On Dec 21, 2022
BusinessRe: Breaking: CBN Increases Weekly ATM Withdrawal Limits From ₦100k To ₦500k A Week by otomatic(m): 9:34pm On Dec 21, 2022
emorse:
Yes. I'll get it for you in a minute.
Modified
Here you go
https://www.cbn.gov.ng/Out/2022/CCD/ReNairaRedesignPolicyRevisedWithdrawal.pdf
Wow. Thanks

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