₦airaland Forum

KORU (the Direxion Daily South Korea Bull 3X Shares ETF) is designed to be a short-term day-trading tool, not a buy-and-hold investment.
​You cannot hold it long-term because it is a leveraged ETF that resets daily. It aims to deliver exactly 300% of the daily performance of the MSCI Korea 25/50 Index.

Gratefulme:
Oh, I thought you are o.

I am and waiting for a little upside before I exit.

Gratefulme:
Are you still in KORU. Want to try it for jijo, too volatile for me to hold lol.

Gratefulme:
@Beeron or anyone else with stock knowledge.
If my entry prices for nascon, ngx and Unilever is 113, 82 and 84 naira respectively. Having missed the all time high, does it still make sense to sell now or hold for another bull run?

I sold my TIP on Monday, now it's looking like I sold prematurely 😁😁.

Thanks.

....

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Gratefulme:
Thanks for taking time to respond. E never reach insult tho. I believe as I'm learning so are others.
Thanks again.

No, No, No, Sir, you took it the wrong way, that wasn't insult and I didn't mean to hurt your feelings with that if your felt that way. I really do apologize if you feel offended by that. I was deeply shocked quite frankly but my apologies.

No one truly knows it all which is why we all here to share knowledge, please accept my apologies and I will go ahead and delete that initial response.

i bought more Zenith and GTBank this morning.
I wish i invested heavily in it last year when it was 50N.

i want my dividends to be in millions

welzyj2:
I only see Zenith, GTB and Stanbic as being reliable . The other banks to me are a gamble

I sold my fidelity already

Banks are just for dividend from my POV based on FA. If no dividend they don't worth it

Am new here pls, pls what is the current price of equity price(nav) in paramount??

Beeron:
I recently just joined them. I haven't initiated any withdrawal since I joined them but their FX spread is wild. For instance dollar is currently I349 but theirs is currently pegged at 1404. But the FX spread should not deter you if you truly want to invest long term.

As regards customer service, I belong to bamboo telegram community, it's free to join and you can shoot them an email if you encounter issues.

Good day sir.

Pls, can I get the link to the bamboo telegram community?

@ investmentvirus

This is the equity thread

Svoboda:
Good day sir.

Pls, can I get the link to the bamboo telegram community?

The telegram channel is closed by bamboo, all conversation now happens on their app, there is a community section for conversation on there.

Beeron:
The telegram channel is closed by bamboo, all conversation now happens on their app, there is a community section for conversation on there.

Ok. Thanks so much.

D dip season is here already here.. zedcrest n paramount wetin dey happen..

Beeron:
Good morning everyone.

Here is an update regarding your investment in Equity mutual funds.

Some of you might have been experiencing red days lately — the reason is simple, people are now taking profit en mass, So ASI has reached it's peak for now.


Two things might likely happen starting next week:

1 — Green arrow, means a long consolidation starting next week, basically, it means some days your will see profit and some days loss but not huge profit and the loss days will always cancel profits until ASI finds new support and begin a new rally.


2 — Red arrow, means ASI will just suddenly dip, meaning more red days due to institutional money leaving the market. When that happens, other retail investors will also be trimming their profit making ASI go further down until it finds a new support and begins a new rally.


So now what do you do and why am I writing this?

CSblackpink usually talk about top up during red days, Wise idea— but you have to be strategic about doing it, I see people doing it before now, I knew it was too early to do it, but It's not a bad thing, this is why I didn't say anything about it. Sometimes when you top up too early, that money too will also dip, so you will have to continue to buy the dip as it further dips. Not every one can always afford that.


Now what I recommend is simple — Now that it's profit taking season, Also take your profit and move it to mutual fund investment. After ASI has found support to begin a new rally, then you can withdraw your money from mutual fund and buy the new dip. I will also let you all know then when it's safe to buy but it's usually difficult to know when there is long consolidation going on.

But then again, for investors that can afford to keep buying the dip, please continue, because that's another smart strategy because eventually you will regain your losses when ASI begins a new rally.

In summary, this is time for profit taking, take profit, hold It and buy more units after profit taking season is over.

I am in a rush typing this because I need to go for my early morning jug now, when I come back I will answer any question if you have any.

Boss wen does.the market rally back

Emzedz:
Boss wen does.the market rally back

After the emotional investors are done selling and after the early investors are done taking profit then a new rally will begin. The only problem is, no one can predict the actual date.


Edited to add:

If you really don't want to stay on the sideline, you should pick stocks that don't move ASI, that way you can still make money trading regardless of ASI bearish regime.

Beeron:
After the emotional investors are done selling and after the early investors are done taking profit then a new rally will begin. The only problem is, no one can predict the actual date.


Edited to add:

If you really don't want to stay on the sideline, you should pick stocks that don't move ASI, that way you can still make money trading regardless of ASI bearish regime.

I am sorry, How do we know stocks that don't move Asi?

Svoboda:
I am sorry, How do we know stocks that don't move Asi?

For detailed analysis on this:

Chatgpt will list and explain but if you still don't fully understand, let me know so clarify what you don't understand.

Beeron:
For detailed analysis on this:

Chatgpt will list and explain but if you still don't fully understand, let me know so clarify what you don't understand.

Ok sir.

+0.05 gain on paramount.

Too much red such that any Gains looking strange now.😂😂😂😂😂

Beeron:
After the emotional investors are done selling and after the early investors are done taking profit then a new rally will begin. The only problem is, no one can predict the actual date.


Edited to add:

If you really don't want to stay on the sideline, you should pick stocks that don't move ASI, that way you can still make money trading regardless of ASI bearish regime.

Dat actual date should be close oo. Or is it wen wen portfolio is redder than red ahhhh

I initiated my redemption on quantum zenith two weeks ago. Up till now, my account has not been debited. I only received an acknowledgment mail that my request is processing after filling all the forms they sent to my mail.

I should have listened to you guys!!! Zenith ESG is shiiiiit when it comes to withdrawal

@GRATEFULME I suggest you hold your nascon and ngx, Unilever isn't on my radar, so I can't say say much about it

I plan to top up nascon if it dips to 200 actually

investmentvirus:
i bought more Zenith and GTBank this morning.
I wish i invested heavily in it last year when it was 50N.

i want my dividends to be in millions

More cash = More Millions 🙂

But take it easy sha..

if I'm not wrong your moral from the mmf group feels very high. Be strategic in deploying cash, that's my only advise

Iamblessed8888:
+0.05 gain on paramount.

Too much red such that any Gains looking strange now.😂😂😂😂😂

O.05 gain is it for eba.. well.. it's well

Emzedz:
O.05 gain is it for eba.. well.. it's well

Even if 0% gain still soo happy 🕺🕺🕺🕺🕺🕺😂😂😂😂😂😂

Zed +0.32% yipeeeeeeeee

Seems like Zedcrest n paramount have same stocks they trade in.. buh they won't just say it.

We gonna make some money tonight

Iamblessed8888:
We gonna make some money tonight

An amen to that ..

Iamblessed8888:
Zed +0.32% yipeeeeeeeee

Zed actually lost, not gained, yesterday. Check again..

From my end, it is a 0.32% gain

BlueNation:
Zed actually lost, not gained, yesterday. Check again..

BlueNation:
Zed actually lost, not gained, yesterday. Check again..

was a little gain

auschris:
From my end, it is a 0.32% gain

This is the current YTD. Is this same from your end?

Can we compare this to the previous day if anyone has the record?

From my end, I lost. We need to confirm so I can take the complaint to ZedCrest to correct the system anomaly. It could have happened to anyone, it could happen to anyone tomorrow.