Ades1:



No matter how lucky you are or how massive your returns are, 700 milla no be beans! And that's in whatever currency you want to convert it to lol! Even if the person enjoyed 20X returns, that's still a lot of their money they had to invest! That man tried, it's not easy to stick to the plan through good and bad times.

Still waiting for one bros to update us. He posted that his goal was a billion some years back starting with 100m

Chai this life/ some pple are starting with my goal

Neverlosemoney:

The ability to explain the past, gives us the illusion that the world is understandable or the future is predictable.

I never said the future is predictable. Rather, the future is probabilistic and consists of many paths. Some will lead to failure, others flat, and some others to immense success.

What I described is one possible path. In fact, if we start out tomorrow on an investment journey, there is a path that will turn 10 million into 500 million in the next 10 or 15 years. And if enough people play this investing/trading game, one or more people will find this path, whether by skill, luck, or a combination of both.

Murphy's law: If something is possible, it will happen eventually, given enough attempts.

Capitas7:


Nice calculation!
I put those lines in bold because they summarize why there is much more to 25years of building wealth than being lucky to enter NGX in 2020. We might as well assume that he started with 5k in 1998, and got things right to build it to 50M in 2020. Many minds will lose the motivation to invest in this market when the current euphoria is gone. That man's response has a lot of wisdom in it. He has defined his own wealth (not to be compared with anyone's (not even Dangote). If the current events on NGX is a true representation of how the capital market works even just 50% of the time, all the businessmen/women in Computer village, Alaba and the rest would have closed their shops decades ago to be following NSEMPA thread day and night.
25 years has seen the Dotcom bubble in Western markets, the 2008 recession, COVID19 pandemic, the many bonus shares of FBNH and its rise and fall through N33 and N4, the IPO's of defunct companies, the delisting of companies perceived to have potentials, the greater than 10X devaluation of the Naira, the hike in fuel price from N40 to N600, and many other economic stories. We cannot discount all the decisions that an investor made during each of these events, the choice to keep servicing a loan just because money needs to be keyed into generational low opportunities, predicting when cash is king or when to sow, calculating when to invest for dividends or capital growth, the choice of alternative investment decisions such as real estate, money market, forex etc, the choice of being greedy when others are careful or vice-versa, and many more.
Compared to all I have listed, a 2020-born investment portfolio is a virgin. I know of many people who saw the upward movement of stock prices in NYSE during the later days of COVID19 coupled with the certainty of perpetual Naira devaluation and sold/liquidated their Naira- denominated property and investments to become "traders". Many are still bagholders till date. We see new monikers asking everyday how to transfer their "abandoned" holdings to new stockbrokers houses or how to open accounts. A question to ask is why did some of these investors run away from the market after the 2008 recession, only to come back when the ovation is loud (another wrong move anyway)?

NB: This is not intended to attack the calculation nor to question the post - I respect both. If I come back in 14 years time (my own 25 years of investing) to share how successful I have been through Grace, hardwork, smart work, tenacity and all, and someone does a quick arithmetic of how I could have put 200k in FO to cash out 2M, put that in MMM to cash out 8M, put that in FBNH to cash out 20M, and so on, I might run to oga Mankindman for lecture on how to deactivate my account.... just kidding.

Nawaoo. People are intelligent sha. Nice write up

ttmax09:
Hlo, pls is this an App? If yes do you mind sharing the name.

Yochaa

Labdi69:


Chai this life/ some pple are starting with my goal

Na so, when you reach your goal, you will shift your goal post! Pretty sure that's how it works with humans lol

Ades1:



Na so, when you reach your goal, you will shift your goal post! Pretty sure that's how it works with humans lol

satisfaction is just a mirage

yMcy56:

Where were you since all these days that it was trading at below 5.50?

No comment on OANDO for now, except the daily updates.....
Case is in Court and we don't know what the outcome will be yet.

If it favours, OANDO dey go up be that oooo, it will turn to another Sugar possibly.........but if delisting stands, then the buyout price is N7.07.

* If to say you'd picked btw 5/5.50, then you have nothing to fear, either way it's win-win, but as it is now......lip sealed first

Omo

yMcy56:

Where were you since all these days that it was trading at below 5.50?

No comment on OANDO for now, except the daily updates.....
Case is in Court and we don't know what the outcome will be yet.

If it favours, OANDO dey go up be that oooo, it will turn to another Sugar possibly.........but if delisting stands, then the buyout price is N7.07.

* If to say you'd picked btw 5/5.50, then you have nothing to fear, either way it's win-win, but as it is now......lip sealed first

What's the possible outcome

Bros, are you seeking a prophecy?

https://doclib.ngxgroup.com/Financial_NewsDocs/39385_MRS_OIL_NIGERIA_PLC.-_NOTICES_OF_BOARD_MEETING_(BM)_-_NOTICE_BOARD_MEETING_(BM)_SEPTEMBER_2023.pdf

Hopefully mrs is also not planning delisting. Same way I asked around pz meeting and no one shared any thoughts. Interesting days ahead

vacanci:


i like the flow of your narrative..
thumbs up

Labdi69:


Nawaoo. People are intelligent sha. Nice write up

I appreciate the kind words bosses.

Ades1:



No matter how lucky you are or how massive your returns are, 700 milla no be beans! And that's in whatever currency you want to convert it to lol! Even if the person enjoyed 20X returns, that's still a lot of their money they had to invest! That man tried, it's not easy to stick to the plan through good and bad...

Absolutely! I agree with you 100% boss. And that's what I meant by " we might as well say that he started with 5k in 1998...", meaning if multiplying capital in the market is all that's needed, everyone would be.....
And further, having bonds worth 650-800M might not mean that's all he has built over the years: the house or estate one lives in, other businesses, cost of children's education, philanthropy, calibre of friends, etc. are factored into one's finacial worth/empire. And if gathering 700M is easy, how about keeping it, talk less of growing it? To each his own definition of wealth and the path to it . Grace does not even need to know whether someone has a plan or sticks to it - kira kita o d'ola....

Capitas7:



I appreciate the kind words bosses.


Absolutely! I agree with you 100% boss. And that's what I meant by " we might as well say that he started with 5k in 1998...", meaning if multiplying capital in the market is all that's needed, everyone would be.....
And further, having bonds worth 650-800M might not mean that's all he has built over the years: the house or estate one lives in, other businesses, cost of children's education, philanthropy, calibre of friends, etc. are factored into one's finacial worth/empire. And if gathering 700M is easy, how about keeping it, talk less of growing it? To each his own definition of wealth and the path to it . Grace does not even need to know whether someone has a plan or sticks to it - kira kita o d'ola....

A wise man said, making money is activity based, it requires energy and efforts. That is where 90% of us belong to, that is the making money stage.


Managing money, keeping it and sustaining the money, is behavioural and psychogical



Multiplying money and growing it, is intellectual and also requires wisdom.


No wonder Warren Buffett is a very wise man .

Labdi69:


No that account number isn’t same as a cscs number and you can’t trade with it yet but you can fund it.

Next step is they will create a cscs account for you and link it to that number you got. Then you can now trade with it. You’re one step away snd the next action is theirs after you have paid the 10k which will be credited to you .

They will email you soon about the cscs or you can follow up

Thanks 🙏
They created it yesterday and sent to my mail.

emmanuelewumi:



A wise man said, making money is activity based, it requires energy and efforts. That is where 90% of us belong to, that is the making money stage.


Managing money, keeping it and sustaining the money, is behavioural and psychogical



Multiplying money and growing it, is intellectual and also requires wisdom.


No wonder Warren Buffettr is a very wise man .

That Yoruba proverb ( kira kira o'dola, ka sise bi eru ko da nkan) is very valid.

Hustling or making money does not equate wealth, working hard like a slave doesn't equate to anything tangible.


This narratives can only change if we understand the psychology of the rat race and the wisdom to multiply and grow the little cash flow generated by our hustling on a regular basis

emmanuelewumi:




That Yoruba proverb ( kira kira o'dola, ka sise bi eru ko da nkan) is very valid.

Hustling or making money does not equate wealth, working hard like a slave doesn't equate to anything tangible.


This narratives can only change if we understand the psychology of the rat race and the wisdom to multiply and grow the little cash flow generated by our hustling on a regular basis

I had to log in after my long sabbatical to express my appreciation to you sir for sharing your wealth of experience with us on the Tbills platform (in the past) and on this thread.

I had always been skeptical about the stock market due to its volatility but decided to hold on because I felt if pa Emma is ruggedly into this thing, then it means I can be successful in it if I follow his tips/mindset bumper to bumper, and that was what I did. The rest they say, is history.

Because of your guidance here, even when I was new to investing, I have never made mistakes that will cost me money due to my inexperience. This is because When people present so called investment opportunities to me, I mentally ask myself if pa Emma will invest in something like this and once my answer is 'no', then bye bye to you and your investment opportunity. I'll rather learn from others ' experiences than to learn the hard way.

You kept talking about Dangsugar here recently which made me key in massively at 27 naira. The rest, again, is history .

Ese gan ni sir. I can't thank you enough.

Please continue to share your wealth of experience and guidance here. It is the lifeline some of us are holding on to

emmanuelewumi:



A wise man said, making money is activity based, it requires energy and efforts. That is where 90% of us belong to, that is the making money stage.


Managing money, keeping it and sustaining the money, is behavioural and psychogical



Multiplying money and growing it, is intellectual and also requires wisdom.


No wonder Warren Buffett is a very wise man .

managing and sustaining money is were the hard work and smart work starts from..... making money is easy to me when compared to managing it.

veecovee:
Peter !! pls OANDO must go to N300 oo

Yes OANDO will definitely get to #300 but certainly not this year.

I said it earlier this year that we will witness a repeat of what happened in 2007&2008 between this year 2023&2024 and its already paneling out.

I foresee NSE ASIndex peaking within Q1 of 2024. afterwards we can seat back and watch out for generational low.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

emmanuelewumi:




That Yoruba proverb ( kira kira o'dola, ka sise bi eru ko da nkan) is very valid.

Hustling or making money does not equate wealth, working hard like a slave doesn't equate to anything tangible.


This narratives can only change if we understand the psychology of the rat race and the wisdom to multiply and grow the little cash flow generated by our hustling on a regular basis

I completely share this view based on my own personal experience and the true life story told to me by the stockbroker who introduced me to the Nigerian Stock Exchange in 2003. According to him, there was this secondary school classmate and friend of his whose father was working with Nigeria Railway Corporation and was posted to Kaduna Station while himself and his friend (the man's son) schooled in their home town all in the Sixties or so. Many years after he and his friend graduated from secondary school and got separated by search for tertiary education in different parts of the country, the father of his friend got retired from Nigerian Railway Corporation and news began to reach him, who had then graduated from the Institute of Stockbrokers, that his friend's father came home with very many awards certificates he won for diligence, dedication to duty, and honesty while in the service.
The news so much spread at home that he was compelled to travel home for a first hand knowledge of what exactly those certificates were about. On arrival home and paying a visit to his friend's father, the old man welcomed him with a drink and immediately told the story of the countless awards he won as NRC staff, some of which he had put in photographic frames and hung all over the four walls of his sitting room as decorations of prestige. On examining these awards he discovered they were all certificates of shares periodically bought for all NRC staff by the management of NRC through regular deductions from their salaries as a policy back then. On closer examination he realized that most of those certificates were for shares of the likes of Guinness, Total and other today blue chips while they sold for between N1 and N3 hence had become worth millions at the man's retirement but financial ignorance kept this man in the belief that they were mere awards for excellence in service. Ironically the house the man managed to build and hanged those certificates of 'award' was unpainted and unfloored due to 'lack' of funds. It was at that point he told his friend's father that he was hanging millions all over his house yet living in penury but the man could not understand until he explained to him that those were investments which could be converted to millions of cash. Then he asked the man to bring down all the certificates, destroy the photographic frames around each and every one of them, pack them all in a file and follow him to Lagos where he helped him dematerialize them through his stockbroking firm (Midas) and sold off the shares in just two out of the over 30 certificates and the man was paid the over N5m proceeds to his astonishment and asking how it is possible to have made so much money without being aware he was doing a very lucrative business alongside his job while he worked in NRC.

PETERiCHY:


Yes OANDO will definitely get to #300 but certainly not this year.

I said it earlier this year that we will witness a repeat of what happened in 2007&2008 between this year 2023&2024 and its already paneling out.

I foresee NSE ASIndex peaking within Q1 of 2024. afterwards we can seat back and watch out for generational low.

BARGAIN HUNTERS TAKE NOTE!

*ThE OcToPuS*

Continue lying

Oando full bid this morning

Ajibade123:
What's the possible outcome

No one knows yet.

*Modified*

E Ku Market o.

Battle for the soul of OANDO the newest bride in town........

Currently trading @7.35 in market.......
Went as low as 6.80.........now @7.35.....

I hope shareholders can forced the management to pay higher exit price if the price goes much up than CP...... especially since the case is still in court.........that's if the company will eventually delist self.

Think we've talked about this here as well.

** Caveat: Not to be taking as any form of advice**

Wow... So just buying small shares like that can have a lot of impact in future o.

Even though some of those companies may have actually died the ones that survived were more than enough to make up for those ones..

Deadlytruth:

I completely share this view based on my own personal experience and the true life story told to me by the stockbroker who introduced me to the Nigerian Stock Exchange in 2003. According to him, there was this secondary school classmate and friend of his whose father was working with Nigeria Railway Corporation and was posted to Kaduna Station while himself and his friend (the man's son) schooled in their home town all in the Sixties or so. Many years after he and his friend graduated from secondary school and got separated by search for tertiary education in different parts of the country, the father of his friend got retired from Nigerian Railway Corporation and news began to reach him, who had then graduated from the Institute of Stockbrokers, that his friend's father came home with very many awards certificates he won for diligence, dedication to duty, and honesty while in the service.
The news so much spread at home that he was compelled to travel home for a first hand knowledge of what exactly those certificates were about. On arrival home and paying a visit to his friend's father, the old man welcomed him with a drink and immediately told the story of the countless awards he won as NRC staff, some of which he had put in photographic frames and hung all over the four walls of his sitting room as decorations of prestige. On examining these awards he discovered they were all certificates of shares periodically bought for all NRC staff by the management of NRC through regular deductions from their salaries as a policy back then. On closer examination he realized that most of those certificates were for shares of the likes of Guinness, Total and other today blue chips while they sold for between N1 and N3 hence had become worth millions at the man's retirement but financial ignorance kept this man in the belief that they were mere awards for excellence in service. Ironically the house the man managed to build and hanged those certificates of 'award' was unpainted and unfloored due to 'lack' of funds. It was at that point he told his friend's father that he was hanging millions all over his house yet living in penury but the man could not understand until he explained to him that those were investments which could be converted to millions of cash. Then he asked the man to bring down all the certificates, destroy the photographic frames around each and every one of them, pack them all in a file and follow him to Lagos where he helped him dematerialize them through his stockbroking firm (Midas) and sold off the shares in just two out of the over 30 certificates and the man was paid the over N5m proceeds to his astonishment and asking how it is possible to have made so much money without being aware he was doing a very lucrative business alongside his job while he worked in NRC.

yMcy56:
E Ku Market o.

Battle for the soul of OANDO the new bride in town........

Currently trading @7.35 in market.......
Went as low as 6.80.........now @7.35.....

I hope shareholders can forced the management to pay higher exit price if the price goes much up than CP...... especially since the case is still in court.........that's if the company will eventually delist self.

Think we've talked about this here as well.

** Caveat: Not to be taking as any form of advice**

The buyout offer is just an offer and it ultimately depends on the verdict of the shareholders, not the court.
Once the shareholders reject the buyout offer at the AGM (which is now almost certain), the buyout dies automatically, and then the company continues to operate as usual with current shareholders interest remaining intact.
With the news of the acquisition of ENI, it is almost certain that the shareholders would reject the buyout offer, because the offer price of N7.07 is even too small for majority who bought the shares at N20 and above.

mikeapollo:
The buyout offer is just an offer and it ultimately depends on the verdict of the shareholders, not the court.
Once the shareholders reject the buyout offer at the AGM (which is now almost certain), the buyout dies automatically, and then the company continues to operate as usual with current shareholders interest remaining intact.
With the news of the acquisition of ENI, it is almost certain that the shareholder would reject the buyout offer, because the offer price of N7.07 is even too small for majority who bought the shares at N20 and above.

Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

yMcy56:

Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

You are perfectly right!

yMcy56:

Think you made some valid points here.
Shareholders should reject the buyout price at the Court Ordered meeting, then case closed....

Either the company will be forced to up the buyout price or drop exit and continue to operate as listed company.

Let's be watching the drama sha.......

Maami, no market update yet?

Wetin happen for market? Everywhere silent for ngx

Kreos44:
Maami, no market update yet?

Lol.
We don carry touchlight go OANDO house.....

Market not generally doing badly so far......

* Some Pullback in Sugar btw 68.30/68.80......retailers activities.....
* OANDO: Still on full bid @7.35 till now......
* TRANSCORP: Getting investors attn and moving up gradually..,.....@6.89 as at now....

yMcy56:

Lol.
We don carry touchlight go OANDO house.....

Market not generally doing badly so far......

Some Pullback in Sugar btw 68.30/68.80......retailers activities.....

Same OANDO some persons abused here vehemently

Ojoboak:


Your existing Clearing House Number (CHN) is required when you want to open account with a new stockbroking firm. This help to tie all your stockbroking accounts to only ONE CSCS account, which you can subscribe to view statuses of your account with all your stockbrokers.
Not supplying that information to your new stockbroker, will lead to opening of a new CHN for you.
Supply this information to Morgan, and your account will be connected to it.
Hope I have help a bit.

What is the implications of having 2 CSCS account please?

megawealth01:
Same OANDO some persons abused here vehemently

Let's hope your brother Loco haven't rushed out again without seeing what's pursuing him yet......