₦airaland Forum

awesomeJ:
ZENITHBANK on full bid!

Good luck to those waiting for 120k, you've simply been left behind.

GTCO also on full bid!!! Like wise UBA

The stock market is indeed a game!

Let me thank all those who joined hands and supported us to voice our opinions and views against the CGT.
We did not go to Abuja, did not submit a petition to Govt House or NASS but our views got somewhere and made some impact.

The market would have done much better if not for the CGT, but let's thank God there is some reprieve, at least for now.

orriyomi33:
The stock market is indeed a game!

No its not. People just don't think before they act.

ogoo4real:
GTCO also on full bid!!! Like wise UBA

Dont get excited. Its too early in the day. Market just started.

nosa2:
No its not. People just don't think before they act.

How? Can you clarify?

V-shaped recovery spotted in most of the stocks that were dumped yesterday. 2020 taught me not to sell a fundamentally sound stock during panic-it's an asset.

mikeapollo:
How? Can you clarify?

Stocks are not just symbols on a page. We are buying and selling shares in a company, a company that is out there in the real world offering real people valuable goods and services. If people really understand what that means they will act differently.

People who borrowed to invest with limited alternative income or cashflows, would take steps to minimize their losses at times of uncertainty.
But those who invested with their own funds can afford to keep their stocks when the market tumbles. It is basic principle in investing.

Indeed CASH IS KING... when deployed at the right time

Market already up 1.6%

MTNN full bid yet to reflect.

Yoursfaithful:
Don't be too quick to conclude ..I dnt trust this govt ..what makes you feel the #15.00 gain will be tax free what changes..dnt forget we have a current policy of 10% CGT of which the only problem was implementation which is still effective not until 31st December 2025.so what if they decide to apply that together with the one to be effective 1st Jan 2026..automatically 10% on gains before Dec 31st 2025 and 30% on gains after 1st Jan 2026.

New tax laws of 2025 supersedes the finance tax Law of 2021 or so where the 10% was.
Old finance law becomes ineffective Dec. 2025.


Has anyone called you or is planning to call you to pay 10% of CGT before December 2025?

If you are still doubtful, just sell your holdings and repurchase back before the beginning of the new year.

faoogoke:
Dont get excited. Its too early in the day. Market just started.

If we see another 2-3 days of positive gains in the banks then more people will FOMO into the market and push prices up further.

What ever happens I am not going to do anything until full year earnings come out.

KarlTom:
Indeed CASH IS KING

How many retail investors had the balls to buy yesterday?

Most retail cash is reserved for FOMO trades

mikeapollo:
People who borrowed to invest with limited alternative income or cashflows, would take steps to minimize their losses at times of uncertainty.
But those who invested with their own funds can afford to keep their stocks when the market tumbles. It is basic principle in investing.

If you borrow to invest in stocks it has to be that you're sure of what you're doing. Otherwise you're just being reckless.

Knowing what you're doing implies being able to to make accurate predictions to guide your decisions.

GTB isn't closing branches, neither are they making losses and because of some "TA" you want to buy it at #20

nosa2:
How many retail investors had the balls to buy yesterday?

Most retail cash is reserved for FOMO trades

My cash position went to as low as 5% yesterday.

If I was offered loan,. I would have taken it.

Today, even ARADEL that was going through a lot is on full bid.

nosa2:
Stocks are not just symbols on a page. We are buying and selling shares in a company, a company that is out there in the real world offering real people valuable goods and services. If people really understand what that means they will act differently.

You are right.
But you have to consider the source of funds people used for the investment.
If someone borrowed money to invest, he would take steps to minimize his losses when the market is going down, with uncertainty everywhere.
The same people would still re-invest when everything becomes clear and certain.

If the govt had not intervened and they allowed the CGT matter for another week, things would have been worse. So certainty of policy is crucial.

awesomeJ:
My cash position went to as low as 5% yesterday.

If I was offered loan,. I would have taken it.

Today, even ARADEL that was going through a lot is on full bid.

Did you post what you bought yesterday, yesterday?

Probability of daily 10% is >75%

nosa2:
If we see another 2-3 days of positive gains in the banks then more people will FOMO into the market and push prices up further.

What ever happens I am not going to do anything until full year earnings come out.

faoogoke:
Dont get excited. Its too early in the day. Market just started.

Allow people enjoy the ride o

Na here we dey

I did, just did not have "enough cash"

nosa2:
How many retail investors had the balls to buy yesterday?

Most retail cash is reserved for FOMO trades

I expect a near reset to previous SPs in fundamental stocks so we just might have 10% daily gains till Friday...

faoogoke:
Dont get excited. Its too early in the day. Market just started.

KarlTom:
Probability of daily 10% is >75%

I didn't say 2-3 days of 10% gains.

Right now some people are waiting for a reversal and IF that reversal does not come then more and more of them will be giving up on the wait and just buying at the price they see. That is how prices slowly rise.

awesomeJ:
If you borrow to invest in stocks it has to be that you're sure of what you're doing. Otherwise you're just being reckless.

Knowing what you're doing implies being able to to make accurate predictions to guide your decisions.

GTB isn't closing branches, neither are they making losses and because of some "TA" you want to buy it at #20

Nobody is perfect in this market!
Where were you in 2004-2008 when there was a boom in the market followed by a burst?
People borrowed to invest and they made huge gains in millions. The same people borrowed to invest and they ran into huge debts!
There are factors outside our control which affect the performance of the market and its timing.

nosa2:
Did you post what you bought yesterday, yesterday?

Post what I buy for what purpose??
I make comments about the markets generally? my posts since yesterday were bullish on the market, that's all the opinion I had to share.

mikeapollo:
Nobody is perfect in this market!
Where were you in 2004-2008 when there was a boom in the market followed by a burst?
People borrowed to invest and they made huge gains in millions. The same people borrowed to invest and they ran into huge debts!
There are factors outside our control which affect the performance of the market and its timing.

Can't you see you're making my point?
what does it matter where i was in 2004?
The point is that if you borrow to invest in stocks without knowing what you're doing, you're being reckless, and that's the exact point you just made.

awesomeJ:
Can't you see you're making my point?
what does it matter where i was in 2004?
The point is that if you borrow to invest in stocks without knowing what you're doing, you're being reckless, and that's the exact point you just made.

My reference to 2004-2008 is to remind you of the what happened during that era. 2004-2006 was a period of endless boom in the market
People borrowed to invest in good stocks, and they made good money. The same people borrowed to invest in good stocks in 2007-2009, but things happened and the market crashed with huge losses. The ''experts'' in 2004-2006 became the ''reckless'' in 2008-2009.
There are unforeseen factors outside our control that can turn someone from an ''expert'' to a ''reckless'', and vice versa. That risk element cannot be timed perfectly.
What happened in the last 2-3 weeks could destroy the portfolio of an 'expert'' if the govt had allowed it to continue for another 2 weeks or more. So govt policy (unforeseen) is the cause or problem here, not the ''recklessness'' of the investor.

Ginalex:
To be honest, I never reach the 150m tax bracket but I foresee reaching there in the near future. So na my future I dey fight for like this . "... total gain do not exceed #10m..." . 10% of 150m has already exceeded 10m. I might as well just put that money in fixed deposit at 20% and sleep easy. The more I think about it, the angrier I get

Which fixed deposit will pay you 20%? 🤔

Please tell me what I don't know.
I am interested.

I new the government will definitely intervan if the red continued and that was why my target was to enter Friday with new fund.I was expecting it by Monday but didn't know it would be sooner. The market will be on green though out this week.Then side ways could happen next week but red is over.The bull will happen seriously in December. THe effects of good q3 results will enter the market soon via foreign investors too
Book mark this post

mikeapollo:
My reference to 2004-2008 is to remind you of the what happened during that era. 2004-2006 was a period of endless boom in the market
People borrowed to invest in good stocks, and they made good money. The same people borrowed to invest in good stocks in 2007-2009, but things happened and the market crashed with huge losses. The ''experts'' in 2004-2006 became the ''reckless'' in 2008-2009.
There are unforeseen factors outside our control that can turn someone from an ''expert'' to a ''reckless'', and vice versa. That risk element cannot be timed perfectly.
What happened in the last 2-3 weeks could destroy the portfolio of an 'expert'' if the govt had allowed it to continue for another 2 weeks or more. So govt policy (unforeseen) is the cause or problem here, not the ''recklessness'' of the investor.

We're speaking to slightly different points sha. I understand your points.

Index up 2.1%
N18bn inflows to the market already.
We anticipate up to N40bn today.

Before the end of Yr expect proposal for reduction of CGT within 15 -20 % as Bill to the senate. This government na just try and error they came with but we have to endure till 2027 when they will be kicked out