yMcy56:

ZEE doesn't have a mind of its own..... Just like to answer to GT..

See Zee don dey vex , u don upset am

Zagee:

Interesting.

One issue with CHAMS though is this .....
Once there's positive news, one may not see to buy easily at cheaper price again.......
This kind of stock can favour the heavy investors who have spare fund to be picking and just forget in their portfolio.
CHAMS has a good biz but I think funding and maybe connection is the problem for now.
Future is bright I Blvd.
It's just my opinion o.

lancee:
See Zee don dey vex , u don upset am

No mind am.....
Na when GTCO starts moving that you'll see am trying to do catch up.....

The annoying and lagging ones for now is ACCESS and UBA.
Wonder what the spell is......much volume no price action
We are watching what their game plan is....

[quote author=yMcy56 post=123235992]
No mind am.....
Na when GTCO starts moving that you'll see am trying to do catch up.....

Neverlosemoney:

Five Years Ago A Loaf Of Bread Was Selling For #50. You Were Given #200 To Purchase 4 Loaf Of Breads To Eat, You Decided To Put The Money Into An Investment Account Yielding 20% Per Annual. After 5 Years Of Compounding, Your #200 Is Now Worth #498 Before You Congratulate Yourself On A Job Well-done. A Loaf Of Bread Is Now Selling For #200, Your #498 Will Buy You Just 2 Loaf of Breads. Yes! You made great return on your investment, you might feel richer but you won't eat richer.

Investing should not be focused on making money but beating or keeping up with inflation or devaluation through any means necessary. I can't help but notice Most people focus on the former. As long they are making money they doing a great job. That is a wrong way of seeing investing.

Investing in solid companies, keeping track of their performance over time, and rebalancing your portfolio is just as good as investing in foreign markets. This is because, even if it is a slow process, good companies must revalue the cost of the products they provide to their consumers, which will result in better profits. In short, sooner or later, every good stock you see on the NGX will move up to adjust to inflation and exchange rate. This is inevitable.

If you have 200, invest it in a good stock instead of bonds or treasury bills to fight inflation. If you are a good trader, you can do even better.

House pls what is fidelity ok at the current price?

ositadima1:


Investing in solid companies, keeping track of their performance over time, and rebalancing your portfolio is just as good as investing in foreign markets. This is because, even if it is a slow process, good companies must revalue the cost of the products they provide to their consumers, which will result in better profits. In short, sooner or later, every good stock you see on the NGX will move up to adjust to inflation. This is inevitable.

If you have 200, invest it in a good stock instead of bonds or treasury bills to fight inflation. If you are a good trader, you can do even better.

Pls is fidelity ok at the current price?

Tantalizer 8th wonders of the world

ositadima1:


Investing in solid companies, keeping track of their performance over time, and rebalancing your portfolio is just as good as investing in foreign markets. This is because, even if it is a slow process, good companies must revalue the cost of the products they provide to their consumers, which will result in better profits. In short, sooner or later, every good stock you see on the NGX will move up to adjust to inflation and exchange rate. This is inevitable.

If you have 200, invest it in a good stock instead of bonds or treasury bills to fight inflation. If you are a good trader, you can do even better.

At the bolded…The Environment is very bad. Raising cost cannot save this companies, maybe; in the short run. There is a limit on the amount of cost a company can pass on to the people before it start to crumble no matter how great they are. Well, I do hope people make educated choice.

hisexcellency34:
Tantalizer 8th wonders of the world

Na real 8th wonders of the world.....
Saw the body mvmt this week o, just no fit mention am.
.....and I never still mention am o.

YoungBuffet:


Pls is fidelity ok at the current price?

I would rather invest in access and uba, as I believe they are undervalued compared to fidelity. Looking at fidelity's chart, I guess it will correct to 5 or lower before moving up again.

Neverlosemoney:

At the bolded…The Environment is very bad. Raising cost cannot save this companies, maybe; in the short run. There is a limit on the amount of cost a company can pass on to the people before it start to crumble no matter how great they are. Well, I do hope people make educated choice.

In your previous post, you said that 200 naira could buy 4 loaves of bread, but now 495 naira can only buy 2 loaves. Are you contradicting yourself? Is inflation not the general increase in the cost of goods and services?

Ades1:



Quick Google search will give you all the source you need in regards to the taxes.

I have access to Google.

That claim you made is untrue. I asked for a source to be polite. Maybe there's something I missed or you're a lawyer or tax accountant.

Foreigners (nonresident aliens) do not pay capital gains or ordinary income tax on stock sales in the US. However, there's a 30% withholding tax (higher than our 10%) on dividends. PTP securities have a different tax regime, but they're a minority of assets.

So next time anyone asks for proof, provide it. Quickly drop a link since it's so easily verifiable.

As for fees, do the break down of the fees you pay to buy one share of Tesla, and then calculate the percentage based on the the price of Tesla. After doing that, also do the reverse calculation for when you eventually sell..

Majority of people screaming dollar dollar only have tashere to invest. When Ote$ was buying Transcorp he wasn't screaming dollar dollar

I've done that breakdown and I'm nowhere near 15%. Which is why, again, I asked for clarification.

I'll use Trove as an example. Buy/Sell trading fee is 1%. Deposit fee with card is 1.5%. Tesla does not pay dividends so there's no WHT. How are you forking over 15%?

I highlighted tashere units because if you're depositing $50 and paying $30 in flat wire transfer fee, that's obviously not ideal. But at >$1000, that $30 is now <3%.

I engage to learn here. We would not have a dollar debate if the exchange rates did not triple in the last 10 years.

Of course, past performance is not a guarantee of future performance. The exchange rate was pretty stable between 2002 and 2012. So we may very well enter another stable decade. No one knows for sure.

Nonetheless, the $ remains an effective hedge for anyone concerned about maintaining their purchasing power in globally comparative terms.

Using the target draw of the comment that sparked this debate--N100m. That used to be $1m in 2000. In 2014, it was $500K. Today, that is less than $135K. All computed at black market rates. I wouldn't touch real estate or the S&P returns over the same time period in the U.S. Nor would I touch IRR. Nor would I touch inflation.

Maybe you don't have plans to ever wear a Brioni. Or stay at an Aman. Or buy La Mer for your wife. Or fund your kids/grandkids down payment or tuition in part or in full. Or comfortably pay for world-class medical care when you're frail.

But if the last 20 years repeats, there's the elevated risk of being naira rich and dollar poor. Not everyone wants that future. Personally, that is a nightmare.

So you do you. Let everyone make the bets and hedges they feel sure of.

Maybe there are properties in Ikoyi and Asokoro that may have kept up with devaluation over 20 years. Perhaps, the question is not one or the other, but striking a perfect balance between your foreign and national holdings at specific net worth bands. But we're not having that conversation because everyone have heels dug in with their respective teams and you're spouting incorrect information.

PS: Apologies for the derail and long text everyone.

-Lord

ositadima1:


In your previous post, you said that 200 naira could buy 4 loaves of bread, but now 495 naira can only buy 2 loaves. Are you contradicting yourself? Is inflation not the general increase in the cost of goods and services?

Na so! Adjusting and shifting the goal post to align with narrative.

Ask yourself this, If Naira investments are so terrible why do the foreigners always come and invest? All investments with strong fundamentals can make you rich imo....

Just focus on what you can control, let everything else play itself out

GTCo bullish monthly and weekly candles
Give us a breakout next week jare

LordAdam16:




Maybe you don't have plans to ever wear a Brioni. Or stay at an Aman. Or buy La Mer for your wife. Or fund your kids/grandkids down payment or tuition in part or in full. Or comfortably pay for world-class medical care when you're frail.


-Lord

Kai My Lord!

LordAdam16:


I have access to Google.

That claim you made is untrue. I asked for a source to be polite. Maybe there's something I missed or you're a lawyer or tax accountant.

Foreigners (nonresident aliens) do not pay capital gains or ordinary income tax on stock sales in the US. However, there's a 30% withholding tax (higher than our 10%) on dividends. PTP securities have a different tax regime, but they're a minority of assets.

So next time anyone asks for proof, provide it. Quickly drop a link since it's so easily verifiable.



I've done that breakdown and I'm nowhere near 15%. Which is why, again, I asked for clarification.

I'll use Trove as an example. Buy/Sell trading fee is 1%. Deposit fee with card is 1.5%. Tesla does not pay dividends so there's no WHT. How are you forking over 15%?

I highlighted tashere units because if you're depositing $50 and paying $30 in flat wire transfer fee, that's obviously not ideal. But at >$1000, that $30 is now <3%.

I engage to learn here. We would not have a dollar debate if the exchange rates did not triple in the last 10 years.

Of course, past performance is not a guarantee of future performance. The exchange rate was pretty stable between 2002 and 2012. So we may very well enter another stable decade. No one knows for sure.

Nonetheless, the $ remains an effective hedge for anyone concerned about maintaining their purchasing power in globally comparative terms.

Using the target draw of the comment that sparked this debate--N100m. That used to be $1m in 2000. In 2014, it was $500K. Today, that is less than $135K. All computed at black market rates. I wouldn't touch real estate or the S&P returns over the same time period in the U.S. Nor would I touch IRR. Nor would I touch inflation.

Maybe you don't have plans to ever wear a Brioni. Or stay at an Aman. Or buy La Mer for your wife. Or fund your kids/grandkids down payment or tuition in part or in full. Or comfortably pay for world-class medical care when you're frail.

But if the last 20 years repeats, there's the elevated risk of being naira rich and dollar poor. Not everyone wants that future. Personally, that is a nightmare.

So you do you. Let everyone make the bets and hedges they feel sure of.

Maybe there are properties in Ikoyi and Asokoro that may have kept up with devaluation over 20 years. Perhaps, the question is not one or the other, but striking a perfect balance between your foreign and national holdings at specific net worth bands. But we're not having that conversation because everyone have heels dug in with their respective teams and you're spouting incorrect information.

PS: Apologies for the derail and long text everyone.

-Lord

Tesla does not pay dividends, but this conversation was started for dividends, I only named Tesla because it is popular. But since we're still on Tesla what do you say to the $$$ people who bought at $350-$400?

Btw, before doing wire transfer, at what rate did you convert your naira to $$$?

For clarification, these are your stated fees,

1-1.5% Transaction fee
3% Wire fee
30% Taxes

Total as stated by you is 34-35%... You see that $2,000,000 I earlier stated as needed for $140k/year? May want to bump it up to $3,000,000 to account for those outrageous fees and taxes

[quote author=ositadima1 post=123236064

If you have 200, invest it in a good stock instead of bonds or treasury bills to fight inflation. If you are a good trader, you can do even better.[/quote]

Each asset class has its own merits and demerits....
It is advisable to allocate resources to each class....
Based on perceived opportunities and risk appetite....
For me...its Real Estate, Stocks(Local & Foreign)...Bonds & Fixed Income Securities.... Forex....
Each class has its good days and bad days...

Lion123:
I don't know. I'm really thinking of going in heavy on Access Corp. It's trading at the lowest PE compared to the other tier-one banks, and it looks like it had the best performing result in Q1. What do the gurus advise?

ACCESS had EPS over the last three years of (2020, 2021 and 2022) of N2.95, N3.56 and N3.57. These numbers makes it not qualify for lowest PE based on todays closing price of N10.20

Since Access has Tier 1 capital issued. Owners of these Tier 1 capital are entitled to profits. And it will be erroneous not to somehow discount for their entitlement when calculating the EPS for access for holders of its stock traded on the NSE.

Caveat: I am not a guru. Just a hobbyist. I am still learning and gaining market experience here. Have a very high grade in Business Accounting in MBA completed.

Maybe you don't have plans to ever wear a Brioni. Or stay at an Aman. Or buy La Mer for your wife. Or fund your kids/grandkids down payment or tuition in part or in full. Or comfortably pay for world-class medical care when you're frail.

You see all those bolded things? I have no idea what any of that is and I honestly don't care lol,

Based on the name, I am guessing Aman is some expensive hotel in Dubai? I have no plans to ever go to Dubai lol

Thank goodness my wife does not know what La Mer is

As for my kids, I expect scholarships lol.

God willing, if I stay alive until I frail, my portfolio will be large enough to take care of that.

Good luck with your dollar dollar though, I hope everything works out for all of us

yMcy56:
Heavy funds really entering this market .......
GTCO resumes the buying spree today again ....

LPI's and or FPI's taking positions. Hope by the time masses wake up again and rush into NSE, they will not dump on them. By then it will be in the news the best thing bla bla to do is be in NSE. If you are not in, you are missing bla bla. Then people will rush in while they cash out.

Ades1:



You see all those bolded things? I have no idea what any of that is and I honestly don't care lol,

Based on the name, I am guessing Aman is some expensive hotel in Dubai? I have no plans to ever go to Dubai lol

Thank goodness my wife does not know what La Mer is

As for my kids, I expect scholarships lol.

God willing, if I stay alive until I frail, my portfolio will be large enough to take care of that.

Good luck with your dollar dollar though, I hope everything works out for all of us

If my annual income from dividend can take of all my expenses every year and can afford me to Change my car every 3yrs at my retirement want concerns me wt dollar. I do everything with moderations 100m+ yearly is ok for me this is yrealy and I would have collected over 1b before I go back to my Maker. Subomi don chop his own and has gone to meet his Maker @89. So I don't want dollar issue ooo lolllll

BabsO2:


LPI's and or FPI's taking positions. Hope by the time masses wake up again and rush into NSE, they will not dump on them. By then it will be in the news the best thing bla bla to do is be in NSE. If you are not in, you are missing bla bla. Then people will rush in while they cash out.

Bro. I don't think any FPI are taking any position for now, US are having their own to face my friend in US is complaining they are in recession. I think LPIs are the one doing the magic and their purchasing power has limitations when they are out of gas stocks will still tank. FPIs bids at any price so I don't think they are around now

onegentleguy:




Now N16.
...up approx 300% since the time we gave an entry call @ N4.

I will look to reduce my stake now though... as the combination of CMP and inherent risk catches up on intrinsic valuation. (MoS/RRM now just 27.1% above SRM... assuming a conservative projection)

That said, PZ is among the coys I highlighted as a potential candidate for a buy-out/acquisition, so it's also possible there are other factors currently impacting it's price. (see post above)

CAVEAT: NOT to be inferred as any sought of recommendation. Due diligence still applies as always.

It is well

But what happen to glaxo, have been loaded on that coy for a while now

Agbalowomeri:
GTCo bullish monthly and weekly candles
Give us a breakout next week jare

...something is really exiting the banking sector. Charts looking good.

https://twitter.com/chude__/status/1659558310129852416?s=20

UBA seems to be doing a lot of things right.
...it's alright!

ojeysky:


But what happen to glaxo, have been loaded on that coy for a while now

...HOLD!

It is well

BabsO2:


ACCESS had EPS over the last three years of (2020, 2021 and 2022) of N2.95, N3.56 and N3.57. These numbers makes it not qualify for lowest PE based on todays closing price of N10.20

Since Access has Tier 1 capital issued. Owners of these Tier 1 capital are entitled to profits. And it will be erroneous not to somehow discount for their entitlement when calculating the EPS for access for holders of its stock traded on the NSE.

Caveat: I am not a guru. Just a hobbyist. I am still learning and gaining market experience here. Have a very high grade in Business Accounting in MBA completed.

Crosscheck Access eps. I think its Eps for 2022 is N4.52, 2021 is N4.58.
Q1 2023 is N2.03.

ositadima1:


Investing in solid companies, keeping track of their performance over time, and rebalancing your portfolio is just as good as investing in foreign markets. This is because, even if it is a slow process, good companies must revalue the cost of the products they provide to their consumers, which will result in better profits. In short, sooner or later, every good stock you see on the NGX will move up to adjust to inflation and exchange rate. This is inevitable.

If you have 200, invest it in a good stock instead of bonds or treasury bills to fight inflation. If you are a good trader, you can do even better.

You have a point there but it is not entirely true. There is plenty of research and evidence on this topic.

Stocks do not adjust 100% to inflation even in the very long run. The reason is, very high inflation can make consumers turn to alternative solutions or even stop patronizing the firm altogether. Hence stocks usually adjust to part of the inflation rates especially when the inflation is very high and sustained ... Which unfortunately is the case of Nigeria.

Afromentalist:


You have a point there but it is not entirely true. There is plenty of research and evidence on this topic.

Stocks do not adjust 100% to inflation even in the very long run. The reason is, very high inflation can make consumers turn to alternative solutions or even stop patronizing the firm altogether. Hence stocks usually adjust to part of the inflation rates especially when the inflation is very high and sustained ... Which unfortunately is the case of Nigeria.

Good companies can raise prices and maintain their profit margins, or even increase them. For example, Dangcement has significantly increased the cost of a bag of cement in the last 8 years, as have other "good" companies. Good luck finding alternatives.

As I said before, inflation affects almost everything. Goods and services are repriced, and more profit is made. Eventually, the profit will put you on par with where you were before.

The dollar has increased in value by 3 times or more in the last 8 years. Some "good" stocks have done even better, while others have decimated investors' money.

I believe that selecting good stocks can beat inflation.