₦airaland Forum

the dark cometh....

JAPAUL

lemme say black & yellow from now on.
iykyk

omo
make u collect wetin dem say sense of humor
in dis game we no b mates...u b soldier i b your general
so if i come hia spead laughs...come dey lauff....no vex....yes i dey under influence...na money influence
morocco vibes
na privlege to read my post...serious info dey inside if u say sabi read pedgin our langage

Valthegreat:
That means your Detty December needs to be really Detty with a lot of thanksgiving.
Honestly, I don't know how all these hard men enjoy their life with a lot of debt hanging on their neck. I do believe that they no longer have conscience, I don't know when I will be able to grow tough like them walahi.

I tell you, For 5 years, I couldn't grow my portfolio either.

The little growth I've had this year will already make it Detty.

Japaul don enter 3

What's wrong with ASO savings, looks like this their share restructuring is not adding up o. They are still not back to trading yet

Itzlinda:
Japaul don enter 3

Remember Loco said he was done yday

deathwing:
The aim is to beat inflation/hedge against the currency, not be predictable. I think you are complicating matters by borrowing (and therefore paying interest) against funds to invest in eurobond, when you could have just invested in the bond in the first place.

My point always is let everyone stick to what works for them.

You can write a 100-line code to determine a leap year, while someone else chooses to leverage existing libraries and writes it with 2 lines.

As long as the code runs accurately, efficiency is not always important.

He probably sold before the late rally yesterday.

ojeysky:
Remember Loco said he was done yday

Efficiency is ALWAYS important.

That's one reason we have upgrades and updates.

awesomeJ:
My point always is let everyone stick to what works for them.

You can write a 100-line code to determine a leap year, while someone else chooses to leverage existing libraries and writes it with 2 lines.

As long as the code runs accurately, efficiency is not always important.

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-s-crude-returns-to-Dangote-Refinery-for-the-second-time-2013387

Ghana supplies crude oil to Dangote Refinery

https://www.ghanaweb.com/GhanaHomePage/business/Ghana-s-crude-returns-to-Dangote-Refinery-for-the-second-time-2013387

Ghana supplies crude oil to Dangote Refinery for the second time

Itzlinda:
Japaul don enter 3

Investors will struggle to buy japaulGold at #5


BARGAIN HUNTERS TAKE NOTE!

https://www.youtube.com/watch?v=nD9ass-ltxE

Midday Update on the NGX today.

deathwing:
The aim is to beat inflation/hedge against the currency, not be predictable. I think you are complicating matters by borrowing (and therefore paying interest) against funds to invest in eurobond, when you could have just invested in the bond in the first place.

How you borrowed against your Mutual Funds at 22%, you used the loan to buy dollar at N850 which you now invested in a Eurobond Fund which has given a return of over 12% in the last 2 years.

What is the average inflation in the last 10 years? It is about 15%. An investor targeting a minimum required return of 20% per annum will be fine. At 20% your N1 million will grow to N7.2 billion


FGN bonds, equities, real estate, Eurobond etc are all investment vehicles, non is better than the other, they all compliment each other.

Once you have created a predictable and guaranteed cash flow for the next 10 years for yourself, you can afford to take certain risks and leverage which can give you 1000% above return in 10 years

Dangote refinery slashes petrol price to N700 per litre

KarlTom:
Efficiency is ALWAYS important.

That's one reason we have upgrades and updates.

okay sir.

I was speaking from the angle of whether or not the code execution needs to scale.
Earlier this year OpenAI spent about $13,000 per task to prove that their frontier model at the time (O3) could get new high scores in a particular test benchmark(Arc AGI). Their emphasis at that point wasn't efficiency but accuracy. Do you get my point sir?

For Pa Emma who talks about borrowing, this is the maths I see:

Imagine I had N45m in a mutual fund account, and I wanted to buy Eurobonds when dollar was N900

I could simply have used my own funds to buy the $50,000, then leave it to grow at 6% for 3 years compounding, I'll end up with $60,000 simple.

Pa Emma borrows N50m at 9% interest rate differential instead -maybe he leaves the mutual fund to compound at 15% earning N26m in total interest, but pays 24% interest which is N12m per annum and N36m in 3 years. The interest paid on the loan is N10m more than what's earned on the mutual funds. Yet both strategies leave him with $60,000.


That's the inefficiency I see, but for him, efficiency may not be the emphasis of the strategy.

mikeapollo:
Dangote refinery slashes petrol price to N700 per litre

this one no concern plane tickets.
Na->up->up->up

deathwing:
My apartment in Yaba that was 200k in 2016 is now going for 1m. Not sure which 150k apartment in 2007 would be 1m now.

For me, until this year, all this naira FGN bond thing was worthless.

Dollar rate was N600 in 2021 or so. Its currently 1500, almost 3x. Your bond would have to have given you almost 300% in that short time to even keep pace with inflation on the streets. I have been investing in dollar-denominated assets since 2018 and therefore have been getting returns far above inflation and exchange rate wahala.

I started Eurobonds when dollar was about 360. If I put N3.6m, that’s just $10k.

As at today, just purely based on exchange rate, without even looking at the yield, that 3.6m would be worth N14.4m

At 11% yield per year from 2018 would put me at $23k in total assets today.

In naira, that’s currently 33m. (10x returns just like that) all without doing any complicated math or combining bonds or getting a house for rental income.

I think it’s about being diversified across all assets class , and being able to read the signs of the times , for example we are in window now that I feel naira will be stable maybe for upto 2 years , could be more , all things being equal , don’t think it’s a good time to be aggressive in dollar assets

If you get stocks and real estate right , returns also could be ahead of inflation and devaluation

Having said that I have been in dollar funds since 2013 and we still Dey , peak period of accumulation for me is 2015/16 when buhari came , 2020 Covid , and early last year with some of my gains from ngx . your 11% returns is impressive for a dollar fund, I play it safe with Stanbic , gt , investment one dollar fund , have a friend that lost good money on ghana Eurobond purchased thru a Nigerian bank , so risk is there also

awesomeJ:
okay sir.

I was speaking from the angle of whether or not the code execution needs to scale.
Earlier this year OpenAI spent about $13,000 per task to prove that their frontier model at the time (O3) could get new high scores in a particular test benchmark(Arc AGI). Their emphasis at that point wasn't efficiency but accuracy. Do you get my point sir?

For Pa Emma who talks about borrowing, this is the maths I see:

Imagine I had N45m in a mutual fund account, and I wanted to buy Eurobonds when dollar was N900

I could simply have used my own funds to buy the $50,000, then leave it to grow at 6% for 3 years compounding, I'll end up with $60,000 simple.

Pa Emma borrows N50m at 9% interest rate differential instead -maybe he leaves the mutual fund to compound at 15% earning N26m in total interest, but pays 24% interest which is N12m per annum and N36m in 3 years. The interest paid on the loan is N10m more than what's earned on the mutual funds. Yet both strategies leave him with $60,000.


That's the inefficiency I see, but for him, efficiency may not be the emphasis of the strategy.

The mutual fund is Naira denominated, so I borrowed naira against it and used it to buy dollar which was invested in Eurobond.

A month after Yetunde my account officer told me I could borrow against my Eurobond Fund, which I did and got additional loans which I used in buying dollar at N1000 then increased my Eurobond holdings.

rmx:
I think it’s about being diversified across all assets class , and being able to read the signs of the times , for example we are in window now that I feel naira will be stable maybe for upto 2 years , could be more , all things being equal , don’t think it’s a good time to be aggressive in dollar assets

If you get stocks and real estate right , returns also could be ahead of inflation and devaluation

Having said that I have been in dollar funds since 2013 and we still Dey , peak period of accumulation for me is 2015/16 when buhari came , 2020 Covid , and early last year with some of my gains from ngx . your 11% returns is impressive for a dollar fund, I play it safe with Stanbic , gt , investment one dollar fund , have a friend that lost good money on ghana Eurobond purchased thru a Nigerian bank , so risk is there also

Sold my Eurobond investment few months ago, I think I shared that information here and I invested the proceeds in equities.

chimex38:
this one no concern plane tickets.
Na->up->up->up

Lol. You be big man now.
Plane flights are very necessary nowadays because of insecurity, but they want to make it a reserve for big men,

Please let someone help push Dangsugar over 60 by buying 100k units.

I don't know why people just like investing to look complicated, whenever I read post of people like Nosa, I asked myself why are these people making simple things looks complex.

I reserve my answers for more observations.

emmanuelewumi:
The mutual fund is Naira denominated, so I borrowed naira against it and used it to buy dollar which was invested in Eurobond.

A month after Yetunde my account officer told me I could borrow against my Eurobond Fund, which I did and got additional loans which I used in buying dollar at N1000 then increased my Eurobond holdings.

Yes sir.

emmanuelewumi:
Sorry just seeing this.

👍

PETERiCHY:
Investors will struggle to buy japaulGold at #5


BARGAIN HUNTERS TAKE NOTE!

Loco wey you dey oooo
Time to "yan fanda fanda".. denge pose

Raider76:
Please let someone help push Dangsugar over 60 by buying 100k units.

done.

N62.90

GeeKudi:
He probably sold before the late rally yesterday.

Nope. He's still holding. Check his target price range in his earlier posts

ojeysky:
Remember Loco said he was done yday

Done posting this year

Japaul down again. Hopefully it'll finish strong today