₦airaland Forum

kintus:
But wait oh, how do you cope with all this tackling?

More enough to make someone depressed.

Take it easy. Bring in little of optimism pls. Your mental health matters to me.

Yours sincerely
Mentee.

Lol mental health ke
The tackling na cruise

Agbalowomeri:
Lol mental health ke
The tackling na cruise

Lol .
Agba cruise!
Big men cruise!

Ginalex:
I want to thank my big ogas and madams on this thread wey dey help my ministry for this NGX business 🤲. Na God go bless all of you o. First, una pull me out of transpower , help me lift NAHCO, pour fertilizer for Zenith ati béèbéèlo. Na only 1 thing remain, make una help me drag prestige 😔😔. I no know wetin I find go there thinking if the "preferable (Mbenefit at the time)" isn't available, the available becomes the preferred. Na so yam hang me for throat . To make matter worse, I no wan drink water (average down) because there are more important things I need the water for . So abeg, epp my career.

Thanks and warm regards,

Regina

Madam Ginalex, it is like the Gods are happy with you, your request had been granted. Prestige remains amongst the top gainers today. Enjoy your cruise.

https://www.youtube.com/watch?v=JC0oHBxb5Ac

Midday trading update on the NGX.

jonnysessy:
Madam Ginalex, it is like the Gods are happy with you, your request had been granted. Prestige remains amongst the top gainers today. Enjoy your cruise.

That stock na werey . Only 329k volume have been traded today

Agbalowomeri:
Lol mental health ke
The tackling na cruise

Na Nsempa Maradonna you be nah.

NCR

This is a welcome development by NL.

It will save precious pages...

KarlTom:
This is a welcome development by NL.

It will save precious pages...

A very good development by Seun et al.

Meanwhile, https://punchng.com/neimeth-grows-revenue-to-n5-01bn/

So many opportunities opened up in the market this week as a result of the sell off, if you have cash, this is the time, i do think that the insurance subsector will yield the most returns mid term simply because the sector was the most hit, think prestige , guineans etc...few assets have not completed their corrections having only completed (a) wave of an a-b-c correction, so it can get worse but only for a short while......DYOR
ewnation/ngx

ARADEL. +0.38%
CONOIL. ±
ETERNA. ±
OandO. -0.92%

@Agba, while you're waiting for bottoms, I've already made more than my full month salary in 2 weeks.

That's despite the sell off
And after I was marked down N120k for SEPLAT dividends 😁😁😁

awesomeJ:
@Agba, while you're waiting for bottoms, I've already made more than my full month salary in 2 weeks.

That's despite the sell off
And after I was marked down N120k for SEPLAT dividends 😁😁😁

Good job my brother
There is always money to be made whether in bull or in bear. Just that the probability of making a profit is much much higher in a bull. Again, we are still in the bull albeit volatility has increased. Increased volatility is a precursor for market downturn. A three year bull will not fall flat on its face in one month. It is gradual

Your method is good for the level of risk and exposed capital. I am not chasing 20m profit

Agbalowomeri:
Good job my brother
There is always money to be made whether in bull or in bear. Just that the probability of making a profit is much much higher in a bull. Again, we are still in the bull albeit volatility has increased. Increased volatility is a precursor for market downturn. A three year bull will not fall flat on its face in one month. It is gradual

Your method is good for the level of risk and exposed capital. I am not chasing 20m profit

Exactly.

In a few more years, the strategy will have to get more conservative and less aggressive.

But now that we're still young, let's exert the energy 😁

Agbalowomeri:
Lol ACCESS go use EPS confuse una. The true EPS na 2+

How true is this?

Oando needs to break 43 decisively, else na 32 .....

Abeg did market close red or green.I want to find out for my village people and agba
If green then my street tool no fall my hand. I said it will be straight 3 days green after they changed mouth on cgt matter. Next week we go confirm again whether na red .My street tool says worse case side ways (flat )but never red.
Our December bull go loud join
Cgt go die down by next week till reduction happens again

Agbalowomeri:
Good job my brother
There is always money to be made whether in bull or in bear. Just that the probability of making a profit is much much higher in a bull. Again, we are still in the bull albeit volatility has increased. Increased volatility is a precursor for market downturn. A three year bull will not fall flat on its face in one month. It is gradual

Your method is good for the level of risk and exposed capital. I am not chasing 20m profit

What is it with people and posting their portfolios. You can state profits in percentages and not act so crass. Its almost like this "money" dey shack people

Lots of time I see a dumbness in some people's reasoning:

You're 30, someone else is 50 and they show you their portfolio worth N2bn you feel intimated.

That's dumb.

Such comparison is apples to oranges.

You compare your portfolio at 30 to their own portfolio when they were 30 or you compare their current portfolio to what yours will be at 50 (adjusting for inflation in either case)

You've been in the market 5 years and you expect to match someone whose been there for 20 years. To what end??

Even if you're 50 and only have N10m, how about people who are 50 and can't even afford rent? How about your own good health.

If you don't learn to appreciate your own good things but instead fixate on others' achievements, you'll just keep robbing yourself of real joy which you could have enjoyed life with.

At the end of the day? Money is just some instance of an integer class in some database that allows addition and subtraction operators. Don't overrate it. It has its relevance, but also has its limits in significance.

nosa2:
What is it with people and posting their portfolios. You can state profits in percentages and not act so crass. Its almost like this "money" dey shack people

1.5m is not money to brag with in a forum where the average portfolio is in hundreds of millions.

Your context on the conversation is limited.

If 1.5m is what intimates you, you're on your own.

PuristForest:
So many opportunities opened up in the market this week as a result of the sell off, if you have cash, this is the time, i do think that the insurance subsector will yield the most returns mid term simply because the sector was the most hit, think prestige , guineans etc...few assets have not completed their corrections having only completed (a) wave of an a-b-c correction, so it can get worse but only for a short while......DYOR
ewnation/ngx

hold on to ur cash if u get am fo real
d prices wey go open after d cgt bear is done ur eye go open wide
someone dey post d targets earlier buy at ur own peril below dem rates...
naso
for d weekend..2 fyn babes dey wait fo me to chop d gb ola wey i go feed am all nite long
oya enjoy d long tying thru d weekend while d real g's gon collect excess minaj in full

sboga:
hold on to ur cash if u get am fo real
d prices wey go open after d cgt bear is done ur eye go open wide
someone dey post d targets earlier buy at ur own peril below dem rates...
naso
for d weekend..2 fyn babes dey wait fo me to chop d gb ola wey i go feed am all nite long
oya enjoy d long tying thru d weekend while d real g's gon collect excess minaj in full

Who made me read your post bayi
Be like say you be Klint

mikeapollo:
They don't even understand how stock trading works in reality. How are they going to monitor or segment the 12 months into when a year starts and ends?
When they say there will be exemption if the N1150m proceeds is reinvested into another stock within the year, how will they calculate the CGT if someone sells N150m shares in December and wants to reinvest the whole money into another stocks in March the following year? Will they collect the CGT in December and return it in March for the person to use to buy another stocks. Or do they expect the selling and buying to occur in the same calendar year?

The tax only becomes due when the proceeds are withdrawn from the stock broking account, i think
There's a way GT is collected in other jurisdictions

awesomeJ:
1.5m is not money to brag with in a forum where the average portfolio is in hundreds of millions.

Your context on the conversation is limited.

If 1.5m is what intimates you, you're on your own.

average portfolio 100s of millions? ok na

Ovamboland:
The tax only becomes due when the proceeds are withdrawn from the stock broking account, i think
There's a way GT is collected in other jurisdictions

In that case, FIRS would have access to stockbrokerage account of investors?

nosa2:
average portfolio 100s of millions? ok na

If there are 50 of us here who are very active.

Even if 45 people have just N1m portfolios.

The fact that you have 2-3 people with portfolios above N2bn already takes the average portfolio size to N100m.

That's why some people prefer measures like median to averages, cos only 3 people can skew the data.

Without question. The regulations will mandate broker reporting of client information, including valuation and capital gains. Happens everywhere capital gains are taxed.

mikeapollo:
In that case, FIRS would have access to stockbrokerage account of investors?

HesInMe:
Without question. The regulations will mandate broker reporting of client information, including valuation and capital gains. Happens everywhere capital gains are taxed.

All these na super story for naija
No broker will want to do that unless something serious happens like court order
In banks u see it placed on notice. That all transactions above so amount will be reported to regulatory body for money laundering. How many times have u see any bank do such thing
Infact all looting and scamming pass through banks.How many have they reported freely. U think they want to lose the customer and future money. Leave na naija nothing dey happen. Do u know banks are reaching out to thr customer telling them they will help in thr accounting on how to beat the cooperate tax if they are interested. At the end thr account go dey be like that of kpakus. Na only loss go they happen yrly for firs

The banks do oo. The problem is with the government agencies that sit on it and dont act, except when it is in favour of their pay masters.

With the complexity if this CGT and the flip flop I see it going the way of the previous one which was not inplemented.

Streetinvestor2:
All these na super story for naija
No broker will want to do that unless something serious happens like court order
In banks u see it placed on notice. That all transactions above so amount will be reported to regulatory body for money laundering. How many times have u see any bank do such thing
Infact all looting and scamming pass through banks.How many have they reported freely. U think they want to lose the customer and future money. Leave na naija nothing dey happen

Stockhunter:
The banks do oo. The problem is with the government agencies that sit on it and dont act, except when it is in favour of their pay masters.

With the complexity if this CGT and the flip flop I see it going the way of the previous one which was not inplemented.

Oga banks no dey even try that shit.Na only when such customer don already get problem outside before the matter reach bank.
No bank will flag any account bro way never get wahala first.I be business man.Na bank go even show u ways the money go take hit the account if the money no genuine. I dey street. I get friends way no dey even go bank go withdraw such money. They just call branch manager and the money is brought home