Mpeace:
Any special reason?
Cos yours truly is heavy here.

Godlylifeoneart:
NIGERIANS
are daydreaming their way to a poorer future by keeping too great a portion of their investments in NIGERIA despite massive underperformance of NSE indices, Skyrocketing cost of living and a future which looks equally bleak for those trying to grow or even just preserve their wealth.
It's time for Nigerians to invest with their heads, not their hearts. I am advising young investors to invest as much of their money as they can elsewhere in the world. I do not see a single reason why people should keep any discretionary investable funds in this country.

People should keep their house and their pension as their only assets here if they live in Nigeria . But the rest should be invested in hard currency assets that will protect their buying power, which has already been deeply eroded.

Nigeria is now in its longest downward business cycle since the inception of NSE and the performance of its assets continues to reflect this unfortunate reality.

The Naira has lost its value against the US dollar in the past five years and remains under pressure. Investors in Nigerian equities have lagged developed markets, while prices of commodities have increased at less than half the rate of inflation for several years.

The S&P 500, for example, has delivered a total return of nearly 100percent in the past five years, the Nasdaq 147percent and even the 10-year Treasury bond a return of 12percent. The total return in Naira for the Nigerian general equity market over the same period is just nudging 11 to 21percent versus a 131percent total return of the MSCI World Index, also in Naira . But the Nigerian general equity market return rebased to US dollars is down 30 percent. Many popular Equities are also showing negative dollar returns over five years.

A contributor on Nairaland investment forum has seen a sharp uptick in the numbers of nairalanders who are worried about the future here and want to protect their wealth for their families not for the polithievcians.

Despite already being in a downward trajectory , Nigeria is marching on with plans to elect Atiku or the incumbent both of which will spell further doom for the economy, Atiku party has even promised to revert pump price of petrol to N79/litre (suicidal economy promises) while carrying on with an economic and industrial policy which will only make things worse for the country - potentially leading to further rating downgrades, a bailout and sustained or increased high unemployment, further borrowing from IMF, World Bank , CHINESE BANKS and other Lenders.
NIGERIANS are in a "day- dreaming denial" instead of taking hard action.

Much of the advice we read on this forum does not reflect the reality of Nigeria today. People deriving unrealistic FA and TA with fictitious datas.
For instance, it is a long-held belief that local investors and traders should JIJO while some opined on long-term (myself included) . Being completely independent
I will advise local investors to move 30% to 50% of portfolio offshore. (Not traders)
I am banging the table on this one and saying get your money out.

I am advising potential investors to put money in the US despite many predictions that the markets there have run so hard a steep correction is imminent.

The US is the most dynamic, innovative economy in the world. And despite stock price gyrations, for the longer-term investor I think being exposed to many of the world's best companies is a far better play than investing 100% of your investable funds in NSE .

@AGBALOWOMERI.... DZ OPINION IS DEDICATED FOR YOUR INSIGHT AND DEEP UNDERSTANDING OF NSE.
I HOPE YOU CAN POT TO NYSE FOR THE BENEFIT OF ALL.. LOL

stcool:
Bonanza gang will not see any stock with good Q3 result at a cheap price this year e.g Zenith, GTB, Fidelity, FCMB etc. Unless they would manage the upcoming ones with hope.

November go soon blow pass...

DOLLARTEX:
it touched 18 late last year I think,if it gets there again,it surely will be enticing.

cuteboy2:


Nice guidance and perpective. Please guide us on how to open equity account with foreign brokers without being American citizens with social security number. Our local brokers do not offer windows to invest in US equities. Thanks for your help

stcool:
Bonanza gang will not see any stock with good Q3 result at a cheap price this year e.g Zenith, GTB, Fidelity, FCMB etc. Unless they would manage the upcoming ones with hope.

November go soon blow pass...

fxuser:


effective omo is 17% i think ! !
10yr bond hit 15.6% last wk
clearly money is nt coming to d index any time soon

stcool:
Bonanza gang will not see any stock with good Q3 result at a cheap price this year e.g Zenith, GTB, Fidelity, FCMB etc. Unless they would manage the upcoming ones with hope.

November go soon blow pass...

tritritri:



Time to be worried .

tritritri:



Bros in this biz anything is possible.. do you think na by gud result alone ?

stcool:


True, but in NSE somethings are also impossible like waiting to buy fidelity at N1.50...Only my Oga Prof's bid will not let it ever get there.

FCMB bids are mounting...soon 1.80-2.00 wont be available and bonanza gang will start waiting for N1.50

stcool:


True, but in NSE somethings are also impossible like waiting to buy fidelity at N1.50...Only my Oga Prof's bid will not let it ever get there.

FCMB bids are mounting...soon 1.80-2.00 wont be available and bonanza gang will start waiting for N1.50

Mpeace:
Any special reason? Cos yours truly is heavy here.

Mcy56:

Na you supply that Oando volume up to 4.65?

fxuser:
Fidelity
- dat defensive BUY wall . .

mendes911:
Mpeace no dey panic like you. Him sidon strong gidigba.....

currentprice:
EKUU Mkt.

EkUU FCMB coming result

Mcy56:

Na you supply that Oando volume up to 4.65?

mendes911:

Oando - N4.60.

When it rains, it rains.

mendes911:


Mpeace no dey panic like you. Him sidon strong gidigba.....

Mpeace:

Make una no give me high BP for this mata. My Oando na May I dey sell.

Mpeace:
Make una no give me high BP for this mata. My Oando na May I dey sell.

Mpeace:

Make una no give me high BP for this mata. My Oando na May I dey sell.

mendes911:
My oga, that's why I was correcting madam MCy when she suggested you sold.

kolaish:
WAPCO; how down can you go?

fxuser:



- unable to break above the upper band is cause for concern
- ff by breaking below the lower band / support is another cause for concern


#RedFlags Sha

Mcy56:
This Flourmill don show some people pepper o. 16.80