₦airaland Forum

mendes911:
UBA will.have to come down to say hello to Access. They are 5 & 6 and very royal to each other. Otherwise, Access will run go level up with UBA.

I fear UBA these days. Elumelu wants to buy some oil assets from shell, he says transcorp will manage it. He also says money will come from banks. UBA is my first suspect. Oil related loans with Trump in power remains huge risk.

Mpeace:
I fear UBA these days. Elumelu wants to buy some oil assets from shell, he says transcorp will manage it. He also says money will come from banks. UBA is my first suspect. Oil related loans with Trump in power remains huge risk.

That fear is for investors, not for a trader like me. In this kind of arrangement, UBCap will be more on the receiving end that UBA.

BTW, why will he be buying oil assets from shell when Transcorp is yet to do anything with the blocks they already have?

mendes911:
That fear is for investors, not for a trader like me. In this kind of arrangement, UBCap will be more on the receiving end that UBA.

BTW, why will he be buying oil assets from shell when Transcorp is yet to do anything with the blocks they already have?

Transcorp says 2nd quarter 2019 they will start exploiting theirs.

https://www.businessinsider.com/money-advice-to-grow-net-worth-early-retirement-2018-5




A 30-year-old who's saving half her income says kicking 2 daily habits helped her bank an extra $1,000 a month


I grew my net worth by over $100,000 in 2 years — and I started by saving just $5 a day
Nov 24, 2018, 10:34 AM

wealth
It's a slow and steady climb to the seven-figure club.Bryn Lennon/Getty Images
Sean, who goes by "The Money Wizard," is a 28-year-old blogger and financial analyst.
He grew his net worth by more than $100,000 in two years and is on track for an early retirement.
Sean found that one of the best ways to start building wealth is to save small amounts of money every day - he started by saving $5 a day and is now saving about $100 a day.
His calculations reveal that if you save and invest $30 a day, earning a 7% rate of return, you can be a millionaire in 30 years.
Built over four thousand years ago, The Great Pyramid of Giza stood as the tallest structure in the world until 1311. (That's a run that makes the Empire State Building's 40-year reign seem like a blip…)

The construction used over 2.3 million slabs of giant granite blocks, each one cut with amazing precision.

Just how ancient civilizations managed the construction is a mystery that's perplexed scientists for centuries. Some say the pyramid is actually an eroded mountain. Others claim it's part of the Lost City of Atlantis or evidence of extraterrestrial help from Ancient Aliens.

But here's the most likely scenario, and the one most historians agree on: 30,000 skilled laborers worked tirelessly, dragging the granite up ramp after ramp, slowly hoisting the stones hundreds of feet in the air. Day in and day out, for over 20 years.

That our minds have trouble imaging this mostly likely scenario isn't all that surprising, because we do the exact same thing with our money goals every day.


The small stuff adds up
One of the first finance books I ever read was David Bach's Automatic Millionaire. In it, he explains the idea of The Latte Factor.

The Latte Factor is the concept that tiny amounts of money could add up to huge amounts of savings over time. True to the name, the classic example is a $5 cup of coffee each morning.

Read more: I've saved nearly $270,000 at age 28, and I'm convinced the key to growing your net worth is spending less on 3 things

As David explains, if that same $5 was instead invested and earned the stock market's historical return of 7% per year, our luxury coffee drinker would have an extra $1,953 after just one year.

And after 40 years?

Wait for it…


$389,837!

Just from a few coffees!

I immediately found the idea fascinating. And as a money blogger chasing total financial freedom, of course I wanted to figure out how much I'd have to save per day to reach my ultimate goal: a $1 million dollar portfolio and an early exit from the rat race.

The 30 for 30 Rule: How saving $30 a day will make you a millionaire
I plugged the numbers into my financial calculator over and over, and yet the result was always the same.

All it takes to become a millionaire is to save just $30 a day (that's assuming the stock market's historical 7% rate of return). Over and over again.

I don't know about you, but I immediately found this incredibly relieving. I'd be intimidated if the only path to wealth was a lucky break, a brilliant business idea, or a Powerball victory.


But $30 a day? Anyone can save $30 a day!

30 for 30 rule money wizard
The Money Wizard
$30 a day is as simple as passing on a dinner out, driving a cheaper car, or even working a couple extra hours at a low-paying job.

And if cutting back isn't your style, I just finished a step-by-step strategy showing how anyone can side hustle an extra $11,207 next year .

What do you know… that's a perfect $30.70 a day!

"Sure, Money Wizard, but 30 years is a loooong time…"
Here's the great part about The Latte Factor and The 30 for 30 Rule: It's a starting point.


Because I promise you, once you open your eyes to the incredible compounding effect of your money, you'll find yourself looking to up your savings wherever you can.

I started out inspired by the idea of saving $5 a day. Before I knew it, I'd upped that saving to $10, then $20 a day.

Eventually, I hit the magic $30 a day. And then I asked myself, "Why not fast track this path to a million?"

Read more: I've saved enough at age 28 that I'll be a multimillionaire by retirement, and I used Warren Buffett's favorite investing strategy to do it

So I started cutting costs where I could, and working relentlessly to increase my income. Before I knew it, I was saving $40, $50, and $60 a day.

And last year? I saved a whopping $35,000. That's nearly $100 a day.


Invested in a mix of index funds, that was enough to grow my net worth from $158,000 to $231,000 in one year. (You can see my net worth tracked every month here .)
https://mymoneywizard.com/net-worth/
oney doesn't have to be as complicated as the pyramids - because the secret to success is easier than you think
The pyramids weren't built by Ancient Aliens, and millionaires don't have to get lucky.

A little bit of effort, over and over again, is all it takes to build serious wealth.

"You don't set out to build a wall. You don't say 'I'm going to build the biggest, baddest, greatest wall that's ever been built.' You don't start there. You say, 'I'm going to lay this brick as perfectly as a brick can be laid.' You do that every single day. And soon you have a wall." - Will Smith

Godlylifeoneart:
https://www.businessinsider.com/money-advice-to-grow-net-worth-early-retirement-2018-5




A 30-year-old who's saving half her income says kicking 2 daily habits helped her bank an extra $1,000 a month


I grew my net worth by over $100,000 in 2 years — and I started by saving just $5 a day
Nov 24, 2018, 10:34 AM

wealth
It's a slow and steady climb to the seven-figure club.Bryn Lennon/Getty Images
Sean, who goes by "The Money Wizard," is a 28-year-old blogger and financial analyst.
He grew his net worth by more than $100,000 in two years and is on track for an early retirement.
Sean found that one of the best ways to start building wealth is to save small amounts of money every day - he started by saving $5 a day and is now saving about $100 a day.
His calculations reveal that if you save and invest $30 a day, earning a 7% rate of return, you can be a millionaire in 30 years.
Built over four thousand years ago, The Great Pyramid of Giza stood as the tallest structure in the world until 1311. (That's a run that makes the Empire State Building's 40-year reign seem like a blip…)

The construction used over 2.3 million slabs of giant granite blocks, each one cut with amazing precision.

Just how ancient civilizations managed the construction is a mystery that's perplexed scientists for centuries. Some say the pyramid is actually an eroded mountain. Others claim it's part of the Lost City of Atlantis or evidence of extraterrestrial help from Ancient Aliens.

But here's the most likely scenario, and the one most historians agree on: 30,000 skilled laborers worked tirelessly, dragging the granite up ramp after ramp, slowly hoisting the stones hundreds of feet in the air. Day in and day out, for over 20 years.

That our minds have trouble imaging this mostly likely scenario isn't all that surprising, because we do the exact same thing with our money goals every day.


The small stuff adds up
One of the first finance books I ever read was David Bach's Automatic Millionaire. In it, he explains the idea of The Latte Factor.

The Latte Factor is the concept that tiny amounts of money could add up to huge amounts of savings over time. True to the name, the classic example is a $5 cup of coffee each morning.

Read more: I've saved nearly $270,000 at age 28, and I'm convinced the key to growing your net worth is spending less on 3 things

As David explains, if that same $5 was instead invested and earned the stock market's historical return of 7% per year, our luxury coffee drinker would have an extra $1,953 after just one year.

And after 40 years?

Wait for it…


$389,837!

Just from a few coffees!

I immediately found the idea fascinating. And as a money blogger chasing total financial freedom, of course I wanted to figure out how much I'd have to save per day to reach my ultimate goal: a $1 million dollar portfolio and an early exit from the rat race.

The 30 for 30 Rule: How saving $30 a day will make you a millionaire
I plugged the numbers into my financial calculator over and over, and yet the result was always the same.

All it takes to become a millionaire is to save just $30 a day (that's assuming the stock market's historical 7% rate of return). Over and over again.

I don't know about you, but I immediately found this incredibly relieving. I'd be intimidated if the only path to wealth was a lucky break, a brilliant business idea, or a Powerball victory.


But $30 a day? Anyone can save $30 a day!

30 for 30 rule money wizard
The Money Wizard
$30 a day is as simple as passing on a dinner out, driving a cheaper car, or even working a couple extra hours at a low-paying job.

And if cutting back isn't your style, I just finished a step-by-step strategy showing how anyone can side hustle an extra $11,207 next year .

What do you know… that's a perfect $30.70 a day!

"Sure, Money Wizard, but 30 years is a loooong time…"
Here's the great part about The Latte Factor and The 30 for 30 Rule: It's a starting point.


Because I promise you, once you open your eyes to the incredible compounding effect of your money, you'll find yourself looking to up your savings wherever you can.

I started out inspired by the idea of saving $5 a day. Before I knew it, I'd upped that saving to $10, then $20 a day.

Eventually, I hit the magic $30 a day. And then I asked myself, "Why not fast track this path to a million?"

Read more: I've saved enough at age 28 that I'll be a multimillionaire by retirement, and I used Warren Buffett's favorite investing strategy to do it

So I started cutting costs where I could, and working relentlessly to increase my income. Before I knew it, I was saving $40, $50, and $60 a day.

And last year? I saved a whopping $35,000. That's nearly $100 a day.


Invested in a mix of index funds, that was enough to grow my net worth from $158,000 to $231,000 in one year. (You can see my net worth tracked every month here .)
https://mymoneywizard.com/net-worth/
oney doesn't have to be as complicated as the pyramids - because the secret to success is easier than you think
The pyramids weren't built by Ancient Aliens, and millionaires don't have to get lucky.

A little bit of effort, over and over again, is all it takes to build serious wealth.

"You don't set out to build a wall. You don't say 'I'm going to build the biggest, baddest, greatest wall that's ever been built.' You don't start there. You say, 'I'm going to lay this brick as perfectly as a brick can be laid.' You do that every single day. And soon you have a wall." - Will Smith

thanks for sharing this....

it was very helpful

Analysis: Nestle May Pay N35.71 Dividend for FY 2018
https://businesspost.ng/2018/11/25/analysis-nestle-may-pay-n35-71-dividend-for-fy-2018/

Chibuking81:
On serious note, it will do the banks more good, at least to have strong saves, maintain a good account system, build the investors and their customers confidence.

It's true that we need dividend, but fundamental of the stock matter, Stocks like, FIDELITY, FCMB, DIAMOND BANK, has nothing to lose.
Question
1. Does CBN take away their money? Answer: No
2. Does CBN wishes them bad ? Answer No.
3. Will the policy benefit the banks positively or negatively? Answer: positively.
4. Will the investors benefit in the long term of a year or two? Answer : yes

According to CBN policy, some stocks fall in the categories of paying 100%, some 70 %, some 30 %, and some nothing.
Note, no bank in recent year ever pay 100% or 70% of their EPS, even 50% is difficult.
As far as am concern nothing changed.

The three banks I mentioned earlier have good future, since one year now the have performed more than the tier one bank, and still have more fuel going by their current price to still returned up to, or near to 100% capital appreciation.

Fidelity has PE around 5 at q3, and by q4 it will be around 4 .

FCMB acquired legacy pension fund, one of the highest pension fund in Nigeria, by increasing their stake from 20% to above 80%, they have CSL stockbroker as one of their subsidiaries, and CSL is also one of the highest stockbroking firm in the country, their subsidiary earning report always come at their Q4 result. To mention but few.

Diamond bank has good future prospective, been one of the biggest bank in the country, by operation and assets.

Some people might poison investors mind not to invest in these stocks now.
On these banks, all I can say for now is that, sky is their limit.

Chai! See chibuking bullish on diamond early this year. This mkt heeeen

currentprice:
Chai! See chibuking bullish on diamond early this year. This mkt heeeen

Excavator

currentprice:
Chai! See chibuking bullish on diamond early this year. This mkt heeeen

I no dey see stock recommendations from various analyst again self...
Everywhere just quiet ....

Dollar goes off the market

https://nairametrics.com/teleology-commences-payment-of-9mobiles-debt/
Etisalat loans begin to perform. Positive implication for banks involved.

Yayira:
Stcool you’ve to still be the this bus for you to hate uzoma like this ? Haba me wey Dey inside never call am names like this..
you sure say you bail out ?

I don comot from Diamond, but my pain is the mismanagement of such a vibrant brand. Same pain I have for Wale Tinubu of Oando, this are companies that retail shareholders should be enjoying but a greedy few won't let us see the light.

I also notice the greed starts when they want to increase their ownership at all cost : Oando, Diamond and co.

https://www.pdfdrive.com/what-schools-will-never-teach-you-about-money-by-robert-t-d18691472.html


THIS IS A MUST READ BOOK FOR EVERYONE.
THIS BOOK IS THE SECRET WE HAVE BEEN HOPING TO DISCOVER IN OUR QUEST FOR FINANCIAL INDEPENDENCE.
READ THIS BOOK AND THANK ME LATER.
THIS IS THE TURNING POINT BOOK FOR US ALL.
CLICK ON THE LINK AND DOWNLOAD READ AND DIGEST THE CONTENTS
YOU WILL SEE THE WAY OUT AND ESCAPE THE BEARISH MARKET THAT WILL PERSISTS TILL 2020 AS PREDICTED BY THE AUTHOR

At last! I am back. Lol! I don't know what I have done or who I offended in Nairaland. They are always banning me!

One moment I was quoting someone, the next moment I was banned.

GonFreecss1:
At last! I am back. Lol! I don't know what I have done or who I offended in Nairaland. They are always banning me!

One moment I was quoting someone, the next moment I was banned.

16. Don't promote shady investments like betting, HYIP, MLM, FOREX, binary options, and cryptocurrencies on Nairaland or else we will ban

you again and this time throw the key into the ocean.

fxuser:
NSEASI

- failed double bottom
- Index breaking below 32,000 level to fresh yr lows #RedFlags
- MACD rejected at d zero line , dis only adds to injury
- the real mover was GTB , very strong sell off and even gapped down
- Zenith didn't help matters while UBA , Access and FBN forming neutral to bearish posture
- DANGCem keeps closing at N205 for days (nt a good sign)
- TeamBonaza shud be happy with dis new move ..

Index
- down over -30% rfom yr highs ,
- weekly RSI stuck in oversold levels , price tends to make lower lows

Mkt Cap chk:
Index Cap: N11.5 trn vs Top 5 N6.98 trn

Top 5 Brk Down:
Dang Cem 3.3 trn
Nestle 1.1 trn
GTB 1.0 trn
Zenith 0.75 trn
Nbrew 0.65 trn

Top 10: N8.6 trn
(add stanbic , Seplat, FBN , UBA , Unilever)

#RandomMondayChks

swilo:
16. Don't promote shady investments like betting, HYIP, MLM, FOREX, binary options, and cryptocurrencies on Nairaland or else we will ban

you again and this time throw the key into the ocean.

When did talking about c****o become promoting it? I have never advertised about it or posted links about it or told people to contact me. I have never spammed about it, I only gave my opinion about it. Or we can't have an intelligent discussion about it? I see others mentioning it without getting a ban. Why me then?

There are people who advertise and never get banned. I feel it's a prejudice against me from the Treasury bills thread that moved on up here, all because I gave my opinion about something. I know myself very well and I am a very principled guy. So the people who reported or banned me, should at least point out where I promoted it or advertised. If they can't, I deserve an apology from whomever is responsible. Feels like abuse of power to me. It's really annoying and unfair.

I want everyone to weigh in on this matter, it's the most unfair thing I have gone through on any platform. I have experience on social media moderation myself, when did talking about terrorism make you a terrorist?

Diamond
- very positive close on friday
- lets see if it can ff thru

FCMB
- mkt awaits Q3
- Q2 was nt bad according to our respectable FA's in d house
- nice price action rejecting a fresh low to mae a hammer on friday !
- wat comes next ??

HonyFLour
- strong close on friday
- last week was its first positive wkly close after 7 weeks
- koo easy

Access
- last week closure suggests further bearish move coming
- bonaza team are waiting

red flag !

Ok,

We will temper justice with Mercy56.

Just that 4 different moderators have been assigned to monitor you alone. So it is not my fault.

GonFreecss1:
When did talking about c****o become promoting it? I have never advertised about it or posted links about it or told people to contact me. I have never spammed about it, I only gave my opinion about it. Or we can't have an intelligent discussion about it? I see others mentioning it without getting a ban. Why me then?

There are people who advertise and never get banned. I feel it's a prejudice against me from the Treasury bills thread that moved on up here, all because I gave my opinion about something. I know myself very well and I am a very principled guy. So the people who reported or banned me, should at least point out where I promoted it or advertised. If they can't, I deserve an apology from whomever is responsible. Feels like abuse of power to me. It's really annoying and unfair.

I want everyone to weigh in on this matter, it's the most unfair thing I have gone through on any platform. I have experience on social media moderation myself, when did talking about terrorism make you a terrorist?

swilo:
Ok,

We will temper justice with Mercy56.

Just that 4 different moderators have been assigned to monitor you alone. So it is not my fault.

4 different Moderators? Why? Hahahahahaha

I must be doing something seriously wrong or something seriously right.

I repeat again, I want proof that I promoted c****o, or advertised it, or sent links to people, or told them to contact me or tried to get monetary gains on it. (Noticed I can't even write the name fully?, yes saying it can get me banned again!)

If this cannot be tendered I deserve an apology. This was done to me 3 times. All because I gave my opinion and some were so pained with it, that I needed to be banned. Is that not abuse of power? That is unfair to me as a person. Or don't the mods understand English language? Or what promoting something means?

In one of my post before the ban, I touted the NSE as heaven, and pointed out how c****o ruined people's lives and savings, how risky it was and how the NSE was very safe and heaven like. Is this the character of someone promoting something? There is clearly moderator bias, and there is nothing more counterproductive than a biased moderator. Like I said I have experience moderating myself on a larger scale!

Nigerians can argue all day long about the unfairness in the country, but alas if you look deeper you will see there is no difference between Nigerians in power and Nigerians that complain, even I am probably guilty, but partaining this case, I have been wronged not once but thrice.

fxuser:
NSEASI

- failed double bottom
- Index breaking below 32,000 level to fresh yr lows #RedFlags
- MACD rejected at d zero line , dis only adds to injury
- the real mover was GTB , very strong sell off and even gapped down
- Zenith didn't help matters while UBA , Access and FBN forming neutral to bearish posture
- DANGCem keeps closing at N205 for days (nt a good sign)
- TeamBonaza shud be happy with dis new move ..

Dangcem
- 195 closure on a friday . .

#breakdown

fxuser:
only making observation


transcorp
- bearish xver at 1.32 , now breaking back below d kumo umm

#another Observation

- if u sold d bearish xver above
- current level is interesting , last week doji yet to confirm wat next
- wait

fxuser:
RedFlag Update
- weekly closure below the tight range is nt a good sign
- it's 3.33% above its 52-week low of N4.50, set on Jul 19, 2018
- is price getting ready for a new low ?? #umm

Oando
- still a redFlag
- unable to break back into that prev range ff by bearish week

#RiskMgtAdvised

Dis:
dont hold any

fxuser:
- if u sold d bearish xver above
- current level is interesting , last week doji yet to confirm wat next
- wait

Help us with TA on LAGGARD WAPCO..

fxuser:
Dangcem
- 195 closure on a friday . .

#breakdown

Should we brace for impact?

Infinitisi:
Should we brace for impact?

Brace Ke?...
Activate parachute..

GonFreecss1:
4 different Moderators? Why? Hahahahahaha

I must be doing something seriously wrong or something seriously right.

I repeat again, I want proof that I promoted c****o, or advertised it, or sent links to people, or told them to contact me or tried to get monetary gains on it. (Noticed I can't even write the name fully?, yes saying it can get me banned again!)

If this cannot be tendered I deserve an apology. This was done to me 3 times. All because I gave my opinion and some were so pained with it, that I needed to be banned. Is that not abuse of power? That is unfair to me as a person. Or don't the mods understand English language? Or what promoting something means?

In one of my post before the ban, I touted the NSE as heaven, and pointed out how c****o ruined people's lives and savings, how risky it was and how the NSE was very safe and heaven like. Is this the character of someone promoting something? There is clearly moderator bias, and there is nothing more counterproductive than a biased moderator. Like I said I have experience moderating myself on a larger scale!

Nigerians can argue all day long about the unfairness in the country, but alas if you look deeper you will see there is no difference between Nigerians in power and Nigerians that complain, even I am probably guilty, but partaining this case, I have been wronged not once but thrice.

dont worry yourself brov, Swilo was only joking. moderator have much work to do than monitoring your post. what happen to you is just Auto-ban. check that word used before the ban, might be the cause

fxuser:
HonyFLour
- strong close on friday
- last week was its first positive wkly close after 7 weeks
- koo easy

Flourmill rally effect? Chart showing rounding bottom with support at N1.0

NIGERIA STOCK MARKET GENERAL COMMENT/MSCI NIGERIA PORTFOLIO MOVEMENT - AS AT 23 NOVEMBER 2018

MSCI portfolio holiday not yet over as per the list of holdings on Friday 23 November 2018. There has been no movement on the portfolio since 2nd October 2018.

Making money in the market is predicated on the ability to buy low and sell high. Our indicators have now been set to capture this. Many equities are close to those values where they have no option but to move higher. There is one that is already at this point, however I want to point out 2 equities that are not yet there but are on our watch list Honeywell/CCNN.

For Monday 26 November 2018 expected High is 31,914.42 low at 31,526.70.

My Nahco trade is still in 5% loss position, not worth losing sleep over at all considering the bashing going on in the market.

Caution: This is for information purpose only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).
N:B


1. Due to the fact so many new people are coming to this forum and may not know this use of following the “big monies that move markets”, I will be indicating why/how to use the information. This will be a permanent future of my post to reduce some comments which may prevent the people that understand the system from confusion by people who have not followed how this started. My comment for today for anybody who doubts the efficacy of following the fund is to look at my recent recommendations for the past 2 months.

2. The fund will still hold some equity, the terms of service states this. Thus no matter the condition of the market, it will not liquidate to Zero. This is an equity fund investing in the Nigeria market.

3. You cannot bear losses like the fund. The pocket of the fund is too deep. Therefore, as an individual you are not suppose to be in the market during the stock market crash. Before or during the crash, reduce your holding.

4. If you are seeing this type of data on MSCI for the first time. You may need to verify the figures. Go to my previous posts (https://www.nairaland.com/yok/posts), you will see the various sources where the data can be verified.