emmanuelewumi:
Good one from Okomu Oil

This guys are doing money doubling

Biafran4life:
This guys are doing money doubling

Are you a shareholder of Okomu Oil plc?

emmanuelewumi:
A one off Investment of N10 million in United Capital fixed income fund in January 2013 is now worth about N30 million

In 2013 exchange rate was N160 per USD.
N10m Naira was equivalent of $62500.

Today exchange rate at N500 makes $62500 equivalent to N31250000.

In 2013 someone that invested N10m Naira in USD at N160 today the investment is worth N31250000.

That's over 150% profit.

STNWAUME:


In 2013 exchange rate was N160 per USD.
N10m Naira was equivalent of $62500.

Today exchange rate at N500 makes $62500 equivalent to N31250000.

In 2013 someone that invested N10m Naira in USD at N160 today the investment is worth N31250000.

That's over 150% profit.

Oga use official price in your both calculation .And not one official and the next black market

STNWAUME:



In 2013 exchange rate was N160 per USD.
N10m Naira was equivalent of $62500.

Today exchange rate at N500 makes $62500 equivalent to N31250000.

In 2013 someone that invested N10m Naira in USD at N160 today the investment is worth N31250000.

That's over 150% profit.

Naira don suffer o

Am surprised the fixed income Investment in naira still equate dollar investment in your calculations

Biafran4life:
Oga use official price in your both calculation .And not one official and the next black market

Better he used black market as it's the easily accessible route for retail investors

ukay2:


Naira don suffer o

Am surprised the fixed income Investment in naira still equate dollar investment in your calculations

.

ukay2:


Better he used black market as it's the easily accessible route for retail investors

,

Biafran4life:
Oga use official price in your both calculation .And not one official and the next black market

In 2013 USD official exchange rate was N150 under Sanusi Lamido Sanusi.
You can make your findings.

This battle that GTB is doing with 28.40 naira since last week Na strong one

STNWAUME:



In 2013 exchange rate was N160 per USD.
N10m Naira was equivalent of $62500.

Today exchange rate at N500 makes $62500 equivalent to N31250000.

In 2013 someone that invested N10m Naira in USD at N160 today the investment is worth N31250000.

That's over 150% profit.

It was N180 in the black market in 2013 and now about N500 in the black market.

Official rate was N160 in 2013 and official rate is now about N420.

Definitely if you are planning to have forex expenses in the future you Invest in forex expenses.

If you are planning to have a future Naira expenses eg University education of you children, buying of a house, personal retirement plan, buying of a car etc. You are free to invest in Naira assets or whatever suits you.

The most important thing is that your money should be working, your Investments are generating cash flow and you are diversified.

The various asset classes or ventures stockmarket, money market, bonds, retirement savings account, Eurobonds, real estate, small businesses, forex denoninated Investments etc have their roles in having a diversified portfolio

emmanuelewumi:
A one off Investment of N10 million in United Capital fixed income fund in January 2013 is now worth about N30 million

Sorry to burst your bubble, USD was worth N165 at the time.. please do the maths as at today

Edited: didn't realise @Stnwaume has responded correctly. There are many other funds whose performance have been very bad � let's be guided accordingly.

Justcul:


Sorry to burst your bubble, USD was worth N165 at the time.. please do the maths as at today

Edited: didn't realise @Stnwaume has responded correctly. There are many other funds whose performance have been very bad � let's be guided accordingly.

Never wrote about the comparison of a fixed income fund and keeping forex, did I ?

Fixed Income Funds have done an average return of over 14% per annum in the last 10 years and above.

There is a reason why 65% of Pension Fund Managers monies are invested in fixed income securities. It is because of its safety and consistency.

A person who invested N10 million in 2013 for the University education of his children in 10 years time in Nigeria has enough money to finance the project in 2023. If possible the children might even have start up capital for his business after graduation or finance his postgraduate studies.


If you are planning to finance their education in the US, you Invest in Eurobonds.

At N160 official rate in 2013 and N420 official rate in 2020 your N10 million is now N26 million.

At black market price of N180 in 2013 and N500 black market price , your N10 million is now N27.7 million

Not a comparison.

Different assets and Investment vehicles have their roles in a diversified portfolio, personal finance and financial planning

ukay2:


Naira don suffer o

Am surprised the fixed income Investment in naira still equate dollar investment in your calculations

He assumed you buy and keep USD. Imagine, if the USD was invested in a dollarised fixed income that generates say 4 - 5% per annum?

OgogoroFreak:
He assumed you buy and keep USD. Imagine, if the USD was invested in a dollarised fixed income that generates say 4 - 5% per annum?

Eurobond Fund of United Capital, good place for forex Investment for diversification and future forex expenses

moneymanager:
This battle that GTB is doing with 28.40 naira since last week Na strong one

Picking in tranches
Picked at 28.30 last week...
It wont come down if it ends in June ...
At this price range...
Q2 report and interim dividend
Should push the price up....

Willie2015:


Picking in tranches
Picked at 28.30 last week...
It wont come down if it ends in June ...
At this price range...
Q2 report and interim dividend
Should push the price up....

What if it doesn't happen?


Buying in tranches is the best,

MTN loots successfully landed last night... We are expecting others

When is transcorp, mayb, courtville etc?

megawealth01:
MTN loots successfully landed last night... We are expecting others

When is transcorp, mayb, courtville etc?

May and Baker paid last week

emmanuelewumi:
MTN dividend has dropped

I noticed United Securities don't include the dividend payers name on their alert.

Meristem and Veritas always include the dividend payers name and number on their alert.

OBAGADAFFI:


I noticed United Securities don't include the dividend payers name on their alert.

Meristem and Veritas always include the dividend payers name and number on their alert.

You can make a formal complaint to them

Where is this gentleman?


8 years after, I hope his stock picks have gotten to his projected prices.

Cautious optimism and humility are very important in this business


Someone made a forecast that Oando will get to N1000. The forecast was made about 8 years ago or thereabout.

emmanuelewumi:
Where is this gentleman?


8 years after, I hope his stock picks have gotten to his projected prices.

This old man, you will not kill person with laughter

kolaish:
This old man, you will not kill person with laughter

Just musing.

He would have done better buying FG bonds at 15% coupon and reinvesting 50% of the coupons in dividend paying and appropriately priced stocks on a regular basis thereby compounding and diversifying his Investment income from 2013 till date

STNWAUME:



In 2013 exchange rate was N160 per USD.
N10m Naira was equivalent of $62500.

Today exchange rate at N500 makes $62500 equivalent to N31250000.

In 2013 someone that invested N10m Naira in USD at N160 today the investment is worth N31250000.

That's over 150% profit.

1 USD ($) would be exchanged to N550 Naira before end of the year if care is not taken with the way things are going. To make a better returns and beat inflations, one’s investment in NSE has to generate between 30-40% yr/yr out. Anyway, it is a movie everyone is watching. Present rate is N510 to 1$

BGL and Proshare placed a value of N7.00 on Transcorp in 2013.

Beware of analysts

Good day investors and traders. Please I need the help of someone to put me through on stocks buying and what the general market involves.

Please kindly help me. God bless you!

Naira Hits N502 Against U.S Dollar at the Black Market

https://investorsking.com/2021/06/09/naira-hits-n502-against-u-s-dollar-at-the-black-market/

Nigerian Exchange Limited Rebounds Slightly on Tuesday

https://investorsking.com/2021/06/09/nigerian-exchange-limited-rebounds-slightly-on-tuesday/

Nigeria’s Economy to Grow by 1.8 Percent in 2021; World Bank Raises Growth Projection from 1.1 Percent

https://investorsking.com/2021/06/09/nigerias-economy-to-grow-by-1-8-percent-in-2021-world-bank-raises-growth-projection-from-1-1-percent/

CBN Raises Customs Forex from N381/US$1 to N404.97/US$

https://investorsking.com/2021/06/09/cbn-raises-customs-forex-from-n381-us1-to-n404-97-us/

Kenyan Banks Warn Clients Against Crypto Trading

https://investorsking.com/2021/06/09/kenyan-banks-warn-clients-against-crypto-trading/

Dogefather, Elon Musk Agrees With Vitalik Buterin on Dogecoin and Ethereum Collaboration

https://investorsking.com/2021/06/09/dogefather-elon-musk-agrees-with-vitalik-buterin-on-dogecoin-and-ethereum-collaboration/

Nigeria, Netherlands Agree To Deepen Trade and Investment Opportunities

https://investorsking.com/2021/06/09/nigeria-netherlands-agree-to-deepen-trade-and-investment-opportunities/

Google To Change Global Advertising Practices

https://investorsking.com/2021/06/09/google-to-change-global-advertising-practices/

PayPal’s Payment Volume Jumped by 50% YoY to $285B in Q1 2021, the Number of Transactions Surged to 4.4B

https://investorsking.com/2021/06/08/paypals-payment-volume-jumped-by-50-yoy-to-285b-in-q1-2021-the-number-of-transactions-surged-to-4-4b/

Digital Banking Market to Hit $2.5T Transaction Value in 2021, a Massive 70% Jump in a Year

https://investorsking.com/2021/06/08/digital-banking-market-to-hit-2-5t-transaction-value-in-2021-a-massive-70-jump-in-a-year/

MTN Nigeria Shareholders Fixed Fees of Board Chairman at N28.9 Million, Non-Executive Directors Fixed at N16.5 Million

https://investorsking.com/2021/06/09/mtn-nigeria-shareholders-fixed-fees-of-board-chairman-at-n28-9-million-non-executive-directors-fixed-at-n16-5-million/

Investors Continue to Dump Money on Zenith Bank Stocks Despite Market Rout

https://investorsking.com/2021/06/09/investors-continue-to-dump-money-on-zenith-bank-stocks-despite-market-rout/

Connor McGregor Racked up $180M in 2021, More than Messi, Cristiano Ronaldo, or LeBron James

https://investorsking.com/2021/06/08/connor-mcgregor-racked-up-180m-in-2021-more-than-messi-cristiano-ronaldo-or-lebron-james/

From page 2411 of this thread

emmanuelewumi:


May and Baker paid last week

You don't mean it... Please who is their registrar?

megawealth01:


You don't mean it... Please who is their registrar?

Veritas Registrars