₦airaland Forum

Agbalowomeri:
Let me give you a scenario

You have 10m in MM which you put there because you didn't see any immediate opportunities in the stock market. Some months down the line you saw something that you suspect could earn you 50% give or take. You took a 5m loan at 26% for 6 months. You became lucky, you got your 50% profit in 3 months. You actually paid back your interest from the profit and pocketed over 2m without disturbing your core capital. Na win win

awesomeJ:
Good morning Agba.

I hope it's not actually your annual interest that you refer to here.

If it's annual, I'm already there 🎉

Cos even with my current portfolio size, my earnings for H1 2026 will be in 9 digits, and H2 will double H1, especially if I keep my Q3 spendings in check.

The growth I seek is for the 8 zeros to be a consistent weekly earnings.

8 zeros will already be quarterly earnings by Q3 or Q4 this year. And it's tax free 🎉


Your own annual, should be 9 or 10 zeros based on your portfolio size.

awesomeJ:
Put numbers to help us see clearly.

Your returns

SonofElElyonRet:
No be audio ooo
Awon billion gang

Agbalowomeri:
I don put approximate numbers na. Make my head no hot

Sunrisepebble:
Will the funds from the RI clear the negative equity position ?

Agbalowomeri:
Na scenario analysis I give you
You na AwesomeBillions

mikeapollo:
You did not get my gist.
I personally believe there may be guys who control billions here this platforms; several of them.
But some people do call them ''audio'' (that is what I'm referring to, on a lighter note)

I know my how I started with humble sums and what I have in my portfolio today, so I don't doubt at all if someone says he has billions and billions in his portfolio or even cash

Sunrisepebble:
Come and tell us. Not sure what to do next week

awesomeJ:
Put numbers to help us see clearly.

Your gross returns are 2.5m
Finance cost even is 650k,
Your mmf returns are 375k

You end up with 2,225k


If you just save yourself the unnecessary stress.

You keep the full 2500k

And return your capital immediately.

When it's not like it's hard to withdraw or return your capital.

2500k vs 2225k is an 12.4% outperformance.

It's worse if the real cost you borrow at is above 30%.


You people seem to be using old further maths to run these numbers.

It's basically simple, you can't trade a negative spread and expect to make profit.

Agbalowomeri:
You forgot that the loan was for 3 months

ojeysky:
but there will be difference in dividends if both companies pay similar amount, RI as well

Agbalowomeri:
You fit dey lucky make another 8 zeros add this week

unite4real:
Maybe after the bread makers benefit from the reimbursement then reality will set in. Consumers should feel the effects after one year

mikeapollo:
I think rhey will also raise capital through long term debt e. g. debentures denominated in foreign currency.
My concern is what happens to the remainder shares for redistribution and how they will redistribute, if at all

Agbalowomeri:
Let me give you a scenario

You have 10m in MM which you put there because you didn't see any immediate opportunities in the stock market. Some months down the line you saw something that you suspect could earn you 50% give or take. You took a 5m loan at 26% for 6 months. You became lucky, you got your 50% profit in 3 months. You actually paid back your interest from the profit and pocketed over 2m without disturbing your core capital. Na win win

mikeapollo:
Will you voluntarily file and pay your CGT to govt at the end of the year?
Nobody will voluntarily file or pay the CGT.
People initially thought it would be deducted at source when you trade on the NGX but since it is now said to be voluntary, nobody would do it except for corporate organizations like institutional investors.

GeeKudi:
If you fail to pay your tax, the law gives govt the right to take that tax from wherever you are keeping money even from your stockbroker. dey play

mikeapollo:
That would be the end of the NGX! It wont happen.
The same way we had CGT at 10% in the Finance Act 2021 but was never enforced nor implemented. They just raised the rate to 30% but the implementation would be extremely problematic. This is probably why the Implementation Committee set up by the finance minister said they may have to keep the status quo in several aspects of the law.

mikeapollo:
That would be the end of the NGX! It wont happen.
The same way we had CGT at 10% in the Finance Act 2021 but was never enforced nor implemented. They just raised the rate to 30% but the implementation would be extremely problematic. This is probably why the Implementation Committee set up by the finance minister said they may have to keep the status quo in several aspects of the law.

GeeKudi:
It is normal to want to resist change. Give it time, I assure you, you will enter the tax office yourself to file your tax. That being said, I believe the current CGT rate is too high and should be reviewed downward.

Sunrisepebble:
I don’t really understand the tax laws. If I make 100m in profit (realized) and I take 5m from that amount outside the market. Do I pay tax on the 5m?

GeeKudi:
The NGX is not ending!!
It is normal to want to resist change. Give it time, I assure you, you will enter the tax office yourself to file your tax. That being said, I believe the current CGT rate is too high and should be reviewed downward.

Agbalowomeri:
Ideally yes. 25% of the 5m

mikeapollo:
So when I sell my stocks and keep my money cash inside my room(assuming), they will come and collect the tax from my room?
Or when I convert to foreign currency and wire it to my foreign domiciliary or fixed deposits accounts in Europe, US or Ghana or S/Africa?
You think the proceeds would be sitting idle in my local accounts till end of the year?

When I say the ''end'' of NGX, I mean it would lead to exodus of investors and the index would crash!

Sunrisepebble:
I don’t really understand the tax laws. If I make 100m in profit (realized) and I take 5m from that amount outside the market. Do I pay tax on the 5m?

Agbalowomeri:
Anything above 10% for stocks is not sensible, considering the risks involved

GeeKudi:
Yes. Make it 10% but be very aggressive with the implementation.

mikeapollo:
So when I sell my stocks and keep my money cash inside my room(assuming), they will come and collect the tax from my room?
Or when I convert to foreign currency and wire it to my foreign domiciliary or fixed deposits accounts in Europe, US or Ghana or S/Africa?
You think the proceeds would be sitting idle in my local accounts till end of the year?

When I say the ''end'' of NGX, I mean it would lead to exodus of investors and the index would crash!

crownprince2017:
To the people advocating for MTN, do you use MTN data at all, if you do, you should know that it takes just efficient competitor with wide coverage and affordability to wipe the revenue from that aspect a way. MTN is a definition of failure when it comes to data business, very very bad value for money.

I don't know the extent of that business to their revenue but in the long run I believed they will loose that battle except something is seriously being done to mitigate that asap.