Godlylifeoneart:
Good morning folks,
Have you been asked by a good friend for a financial rescue?
Then read dz from financialfreedominspiration.com


Before borrowing money from a friend, decide which you need most.
—AMERICAN PROVERB
Money and friendship often do not mix very well, like drinking and driving. Money can part the best of friends, and can even sour sibling relationships in some instances. That is one of the first lessons you learn if you are a fan of Judge Judy. The borrower feels the lender should be more understanding or even write off the debt entirely especially when the borrower feels the lender is relatively much better off financially than the borrower. The lender feels used and being taken for granted.

Owing a friend can be awkward, especially when the debt is past due. You start to feel uncomfortable and start offering excuses even when none is demanded. Soon you begin to avoid each other.

Abuse of friendship

Borrowing money from a friend is an abuse of friendship. There is inherent emotional blackmail in the demand – if you love me, you will help, which means if you don’t, then you don’t care. That is subtle manipulation, trying to make the other party feel guilty. Some friends borrow with no intent to pay back. They feel the money is one of their fringe benefits from the friendship.

If we cut our coat according to our cloth, there will be hardly the need to put pressure on our friends to lend us money. There are genuine emergencies whereby a good friend will gladly give without an expectation of getting repaid.

It is the job of banks to lend money

Banks are in the business of lending money to the public. They have the funds and the personnel with the experience to evaluate risks. Banks do not care about your feelings. If you are creditworthy, they will give you credit. If you go to them with a hare-brained idea, they will politely decline no matter how you feel.



It is unfair to ask a friend to risk his savings on your business venture. He cannot analyze the risks even if his life depended on it. The best place to get a loan for a business startup is to borrow from your savings or from a bank and not from a friend (unless he is a willing investor). Such money often does not come back. Your friend is often not bold enough to say “No, this plan is rubbish, I am not ready to risk my money on this”. Rather, he will swallow his apprehension and give you his hard-earned money (hoping and praying that you know what you are doing), so as to avoid being seen as a dream killer or not wishing his friend well.

Lack of forward planning

Some people simply do not plan ahead. They operate on a pay as you go basis. Some look for money to borrow to pay maternity hospital bills, you begin to wonder if the baby dropped from the sky. Babies give 9 months notice, enough time to plan ahead and get everything ready. You would expect anyone who is not ready to shoulder the responsibility of a new baby to locate the nearest family planning clinic.

Some borrow to pay for expensive private schools, hoping and praying as they go along. When you borrow to pay the first term school fees, what about the second and third term? Is it sustainable? Is there any end in sight? You simply drive away the few gullible friends you have through bad debts.

Protection from predatory borrowing

To protect themselves from predatory borrowing by friends, folks have adopted some methods. I call the first method the inoculation method. You lend an amount to your friend knowing fully well he will default. With that bad debt as a barrier, the debtor friend is not bold enough to come to ask for another loan, knowing he has not paid back the last one. That first loan acts as an inoculation to give immunity to the lender – to protect him from further lending requests, and peace returns to the planet. The debtor friend is forced to go look somewhere else. Mission accomplished. This method is not foolproof. Some friends still come back for more loans nonetheless.

The second method is the gift method. A friend comes to you to ask for an N200K loan, you let her know you don’t have that type of money lying idle, so you chip in N20K as a gift. If she comes back a second time and ends up with another gift, she will get the message. She will either not come back again, or knows full well all she can get is another gift, which she may very well come back for. When the gift reduces in amount each time she returns, that becomes a disincentive to keep asking.

The third method is a flat out no, sometimes backed with a gift. Few have the courage to put their foot down this way, as they may not want to hurt the borrower’s feelings.

Giving with wisdom

This is not to say you cannot help a friend in need. We are to help others to the best of our ability. However, it is unwise to help others at the expense of our financial stability, especially if it is not a medical emergency. At aircraft preflight safety briefings, you are advised to put on your oxygen mask first in the event of a sudden drop in cabin pressure before you help others. If you are panting for breath yourself, you put both lives in danger. If you are not an expert swimmer, attempting to help a drowning man may result in two fatalities. The best thing to do is to call for help.

When you keep giving handouts to a friend or keep funding half baked ideas, you are weakening your friend, not strengthening him. By feeding him fish, you are weakening his drive to learn how to fish. You are helping and abetting financial illiteracy. If you keep helping long enough, both of you will go down, then he will go look for a new helper to pull down also.

We need sound judgement, common sense and a dose of financial literacy to be able to handle money especially when it comes to helping friends and family. Part of our monthly budget should include giving – tithes, charity, friends and family in need etc. Taking care of our aged parents is a responsibility which is not optional. However, whenever a friend wants to turn you to a bank or ATM machine, you need to decide which you need most, as money and friendship do not mix very well.

. well the same excuse some people give in other to be stingy. And some of them have their weakness in burukutu and women. they will never help a down friend or paddy of 200 naira, they will tel u stories but a strange girl comes along 200k appears from nowhere.

tritritri:



Best time is now ke..Wey my eyes dan full wit blood...i cant even see road again...

I say make I follow my ogas here begin eye this NSE again.

GTBank made the headlines today, so I decided to look at the charts for a start. Mehnnn, not looking too good.
Bearish engulfing combined with a death cross is not a great start to the month of July. That sharp dip and bounce was off a Sept-2016 and Mar-2017 resistance zone now turned support.

bLacKGoLd3:
I say make I follow my ogas here begin eye this NSE again.

GTBank made the headlines today, so I decided to look at the charts for a start. Mehnnn, not looking too good.
Bearish engulfing combined with a death cross is not a great start to the month of July. That sharp dip and bounce was off a Sept-2016 and Mar-2017 resistance zone now turned support.

N38 was when FPI left the market for us...rollercoaster

Buhari sef

Hello everyone,

please where can I get an excel (CSV) file containing Open, High, Low, Close and Volume information for NSE stocks.

I need weekly time period data from start of year 2019 till date.

Or anyone that has it can kindly upload it here so that I can use in doing the calculations I promised.

Thanks.

NSE Fines Conoil N.4m, May Delist Omatek
https://businesspost.ng/2019/07/10/nse-fines-conoil-n-4m-may-delist-omatek/

Airtel Shoots NSE Market Capitalisation to N14.288trn
https://businesspost.ng/2019/07/10/airtel-shoots-nse-market-capitalisation-to-n14-288trn/

È kù market oooooo. Wishing everyone luck

Let me quickly lend my voice to this GTBank discussion going on here.

Kindly see chart below:

1. Price has currently retraced 61.8% of the most recent bullish segment.

2. 27.02 was the previous resistance which should now hold as support.

3. 18.18 is the penultimate support. Undoubtedly an excellent price to buy from by all standards.

4. A third touch of the uptrend line for this year is at 16.08 BUT price broke out of the previous equi-distant channel so we might not get a third touch of the uptrend line.

Recommendation: Buy at 27.02 and hold until 41.00 or slightly higher.

NOTE: This analysis is based on PRICE only. Once and if I do the volume adjusted pricing, I will give you an efficient level to buy from which is supported by volume.

Disclaimer: The content of this post is strictly for educational purpose only. I will not be held responsible in the event that any loss comes as a result of following this trade recommendation.

https://businessday.ng/exclusives/article/bank-stocks-sell-off-on-cbns-lending-order-may-be-overdone/


Good info !

meshpips:
Let me quickly lend my voice to this GTBank discussion going on here.

Kindly see chart below:

1. Price has currently retraced 61.8% of the most recent bullish segment.

2. 27.02 was the previous resistance which should now hold as support.

3. 18.18 is the penultimate support. Undoubtedly an excellent price to buy from by all standards.

4. A third touch of the uptrend line for this year is at 16.08 BUT price broke out of the previous equi-distant channel so we might not get a third touch of the uptrend line.

Recommendation: Buy at 27.02 and hold until 41.00 or slightly higher.

NOTE: This analysis is based on PRICE only. Once and if I do the volume adjusted pricing, I will give you an efficient level to buy from which is supported by volume.

Disclaimer: The content of this post is strictly for educational purpose only. I will not be held responsible in the event that any loss comes as a result of following this trade recommendation.

I guess this exercise will show the importance of using volume as an additional variable before making our trading decision.

Note my previous trade recommendation (using ONLY price).

Now, I have done the volume analytics using the YEARLY charts from 2009 - 2019.

My recommendation has changed!

Recommendation: Buy at 19.42 or slightly lower.

What appears as 27.02 on the price chart has a TRUE VALUE of 19.42

Don't buy at 27.02 rather wait for its TRUE PRICE of 19.42 before buying.

meshpips:


I guess this exercise will show the importance of using volume as an additional variable before making our trading decision.

Note my previous trade recommendation (using ONLY price).

Now, I have done the volume analytics using the YEARLY charts from 2009 - 2019.

My recommendation has changed!

Recommendation: Buy at 19.42 or slightly lower.

What appears as 27.02 on the price chart has a TRUE VALUE of 19.42

Don't buy at 27.02 rather wait for its TRUE PRICE of 19.42 before buying.

Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

Oshogbo weed bad gaaan!

RabbiDoracle:


Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

Oshogbo weed bad gaaan!

Oga anything can happen in this NSE...even if e no reach 19+ at least N20+ is sure, as a major support and was broken yesterday. I am very sure the person offloading is not done.

We are waiting @N20+....March 2020 is a very very long time!

RabbiDoracle:


Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

Oshogbo weed bad gaaan!

There are always different catalyst for each meltdown. The index is already down to the level of the previous meltdown (save for the mtn rescue). I remember gtb selling as low as 13 that time.
27 is a strong long-term support but expect it to retest it. Once broken be sure it will get to 20.

Dumped my long term holding in GTB at 47. Was not going to let the opportunity pass me by this time. Let the market oscillation continue

Thanks meships and Oga Sinclair for all the analysis and inputs. Its well appreciated.

This NSE will make some guys super rich by Next Year Mar/Apr 2020.My only prayer is that, there should be no DEVALUATION of NGN. I am seriously loving this blood on custom street.

Agbalowomeri:
Dumped my long term holding in GTB at 47. Was not going to let the opportunity pass me by this time. Let the market oscillation continue

Wow! Dumped mine @42.7

Agbalowomeri:

There are always different catalyst for each meltdown. The index is already down to the level of the previous meltdown (save for the mtn rescue). I remember gtb selling as low as 13 that time.
27 is a strong long-term support but expect it to retest it. Once broken be sure it will get to 20.

.

This is the quintessential Agba that i know of.

i wonder where He had gone to all this while.

Chief we want more of that

RabbiDoracle:


Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

Oshogbo weed bad gaaan!

Sir, I will have you repeat these same words after price hits 19.42

Please if anyone wants to run his or her mouth like dirty tap water be very very sure that you are ready to defend whatever you spew.

If I show you my chart, you would be shocked at what is about to happen. Reversal is this month and very good days are ahead. Discount the swings in the market, it is for a reason.

sellydion:


Dear do not give us false hope July ke? there must be accummulation before any move to the Northern pole.

All others are good as long you don't need money for emergency or took bank loan.

TAKE A FEW MOMENT AND THINK ABOUT ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/23#80115255

stcool:


Oga anything can happen in this NSE...even if e no reach 19+ at least N20+ is sure, as a major support and was broken yesterday. I am very sure the person offloading is not done.

We are waiting @N20+....March 2020 is a very very long time!

We shall see

Even GTB isn't giving a better DY compared to others in the same sector. That premium on it is what is helping it. We will see if that premium can shrink.

Agbalowomeri:
Dumped my long term holding in GTB at 47. Was not going to let the opportunity pass me by this time. Let the market oscillation continue

The market should remain irrational for long so that one can get his fill.

Head or tail, I will always win this market.

meshpips:


Sir, I will have you repeat these same words after price hits 19.42

Please if anyone wants to run his or her mouth like dirty tap water be very very sure that you are ready to defend whatever you spew.

Who dey talk?

RabbiDoracle:


Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

Oshogbo weed bad gaaan!

Tell 'em

RabbiDoracle:


The market should remain irrational for long so that one can get his fill.

Head or tail, I will always win this market.

This is why i dey always feel you boss. Head or Tail you will always win- the poo and vomit analogy comes to mind.

robobo:
. This is the quintessential Agba that i know of. i wonder where He had gone to all this while. Chief we want more of that

Seconded!!!
Oga Agba we want more of those quoted post. E jowo sir.

From my charts, GTB would go up to 30.45 in the interim (few days) then either fall lower than 26 or retrace for a higher resistance. In my opinion, I don't see why it should fall to such a low of 19+ as predicted but who knows....

Like i have said before, if you haven't taken a loan or used money for school fees, or if you are not an expert trader or chartist, hold on to fundamentally sound stocks like @Chubuking had listed; you would not be disappointed.

RabbiDoracle:


Who dey talk?

Bomboclad:
If I show you my chart, you would be shocked at what is about to happen. Reversal is this month and very good days are ahead.

Amen IJN!

RabbiDoracle:


Please what will make GTB get to 19+? Is there recession? Has Oil price crashed so badly that it is affecting Nigerian economy?

[b]Oshogbo weed bad gaaan! ;[/b]D

Why name calling? Not necessary. Let everybody air their view and let others learn. This forum should be a safe and secure place to air opinions.

meshpips:
Sir, I will have you repeat these same words after price hits 19.42
Please if anyone wants to run his or her mouth like dirty tap water be very very sure that you are ready to defend whatever you spew.

Can you please not resort to insult.
That Oga you quoted is a guru and highly respected here. Insulting him is as good as insulting the whole forum members.
If you vex him and he ordered that this thread be closed, I go find you o.