Jejebabaa:


Its even good for me if the market remains down for long provided we dont have devaluation of Naira.

Do you buy in Dollars or TB go get K leg

Jejebabaa:


Its even good for me if the market remains down for long provided we dont have devaluation of Naira.

Oga ur own issue na DEVALUATION ..seems u were hit big 2015/2016

Valueinvestor:

Isn't it better to come out of a hole when one falls into it, rather than digging it further

Don't you think it depends on the type of 'hole' you are referring to?

tritritri:


Oga ur own issue na DEVALUATION ..seems u were hit big 2015/2016

For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

Agbalowomeri:


Don't you think it depends on the type of 'hole' you are referring to?

Please share your views so we can learn. No one wants to catch a falling knife.

Jejebabaa:


For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

You are making a mistake.

You can always beat devaluation when you stay invested in the stock market if you consider dividends + capital appreciation.

The last USD/NGN devaluation was from 157 to 360. This is just 56% depreciation. Stocks have returned higher than this percentage between 2013 and now.

So no dey fear anything. The main thing is to buy low, stick with banks because na Dem go enjoy the devaluation via revaluation gains or petroleum marketing stocks because they must have imported at the current rate before devaluation (and subsequent increase in fuel price).

swilo:


Please share your views so we can learn. No one wants to catch a falling knife.

You don't understand Agba.

The hole he meant is not related to market/trading.

His reference is to the oza room stuff

Jejebabaa:


For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

Jejebabaa:


For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

Are there some NSE stocks that are DEVALUATION HEDGES

RabbiDoracle:


You don't understand Agba.

The hole he meant is not related to market/trading.

His reference is to the oza room stuff

Chai my Oga I don begin fear you o
Street boss twale

Access Bank UK’s Investment in Dubai Buoys Income by 200%
https://businesspost.ng/2019/07/15/access-bank-uks-investment-in-dubai-buoys-income-by-200/

Nigeria’s Inflation Drops to 11.22% in June—NBS
https://businesspost.ng/2019/07/15/nigerias-inflation-drops-to-11-22-in-june-nbs/

RabbiDoracle:


You are making a mistake.

You can always beat devaluation when you stay invested in the stock market if you consider dividends + capital appreciation.

The last USD/NGN devaluation was from[b] 157 to 360[/b]. This is just 56% depreciation. Stocks have returned higher than this percentage between 2013 and now.

So no dey fear anything. The main thing is to buy low, stick with banks because na Dem go enjoy the devaluation via revaluation gains or petroleum marketing stocks because they must have imported at the current rate before devaluation (and subsequent increase in fuel price).

It's monday sir
Drink more gin to clear hangover
This is over a 100% depreciation

Agbalowomeri:


Don't you think it depends on the type of 'hole' you are referring to?

Chai this Agba will not,cause wahala for this nsempa.
What am saying is, when you find yourself in a sinking ship(during a critical period),it would be wise to jump out of that ship at that point in time,rather than trying to fix the ship.

Jejebabaa:


For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

This type of calamity has to be from the village
But sha that is too much risk in a business you probably haven't attempted before
More like trying to size up the depth of a pool with both feet dipped inside

Valueinvestor:

Chai this Agba will not,cause wahala for this nsempa.
What am saying is, when you find yourself in a sinking ship(during a critical period),it would be wise to jump out of that ship at that point in time,rather than trying to fix the ship.

My brother, I am not intelligent so I ask stupid questions to learn
Because if I find myself in some holes, I will rather dig deeper o to make borehole

Agbalowomeri:


It's monday sir
Drink more gin to clear hangover
This is over a 100% depreciation

Oga RabbiDoracle is right. Its 56% depreciation. For example, $2293 into the country in 2013 and exchanged it for 157/$, that will give you 360,001 naira and if you want to repatriate same money today at 360/$, you will get just $1000 which means your $2293 in 2013 is now worth $1000 today. In essence, you lost (2293-1000)/2293 which gives 56% devaluation.

Jejebabaa:


Oga RabbiDoracle is right. Its 56% depreciation. For example, $2293 into the country in 2013 and exchanged it for 157/$, that will give you 360,001 naira and if you want to repatriate same money today at 360/$, you will get just $1000 which means your $2293 in 2013 is now worth $1000 today. In essence, you lost (2293-1000)/2293 which gives 56% devaluation.

Na me need to go drink gin nigbana
I been think say my eyes don clear ni

Agbalowomeri:


This type of calamity has to be from the village
But sha that is too much risk in a business you probably haven't attempted before
More like trying to size up the depth of a pool with both feet dipped inside

No be small thing boss oo, na so my elderly friend turned from Pet Engr to certified bouncer at clubs in order to survive. Its a serious matter wey we no fit use am laff ooo. Honestly, its not a village thing ooo cos Aberdeen turned to "graveyard" that time. Its redundancy everywhere as oil workers lost jobs ooo.

Jejebabaa:


No be small thing boss oo, na so my elderly friend turned from Pet Engr to certified bouncer at clubs in order to survive. Its a serious matter wey we no fit use am laff ooo. Honestly, its not a village thing ooo cos Aberdeen turned to "graveyard" that time. Its redundancy everywhere as oil workers lost jobs ooo.

I can imagine, horrible!!!
I also made some heavy dollar exchange at 230 thinking that I made a kill
The rest is history Lol

Agbalowomeri:


It's monday sir
Drink more gin to clear hangover
This is over a 100% depreciation

You can't have more 100% loss of a currency. Either it is 100% or 99.999% or lower.

It was in Zimbabwe that they had clear 100% loss where they changed the national currency to USD after a serious devaluation . (Awon were)

Jejebabaa:


Oga RabbiDoracle is right. Its 56% depreciation. For example, $2293 into the country in 2013 and exchanged it for 157/$, that will give you 360,001 naira and if you want to repatriate same money today at 360/$, you will get just $1000 which means your $2293 in 2013 is now worth $1000 today. In essence, you lost (2293-1000)/2293 which gives 56% devaluation.

Even your pounds then only lost 50% (from 250 to 500). Some stocks beat that devaluation hands down! If you compute dividends from 2013 till last year and then add capital appreciation to it, you will see that you even had better gains.

So no dey fear those things. We(You) are (an) engineers. So we try to work around things to find solutions.

Jejebabaa:


No be small thing boss oo, na so my elderly friend turned from Pet Engr to certified bouncer at clubs in order to survive. Its a serious matter wey we no fit use am laff ooo. Honestly, its not a village thing ooo cos Aberdeen turned to "graveyard" that time. Its redundancy everywhere as oil workers lost jobs ooo.

That was 2014 when oil price was seriously messed.

This goes to tell you that you should SECURE YOUR FUTURE YOURSELF! Not your employer.

The guy who turned to bouncer did not plan and prepare for that day. He was too relaxed. You started your plans long ago and now you are prepared for any eventualities.

RabbiDoracle:


Even your pounds then only lost 50% (from 250 to 500). Some stocks beat that devaluation hands down! If you compute dividends from 2013 till last year and then add capital appreciation to it, you will see that you even had better gains.

So no dey fear those things. We(You) are (an) engineers. So we try to work around things to find solutions.

Hopefully, not financial engineers like Wale Tinubu

Agbalowomeri:


Hopefully, not financial engineers like Wale Tinubu

Wale na Lawyer na wey wan try to be engineer

Jejebabaa:


For me i have no issue withy market being down for long, as it helps me to buy quality assets at a cheaper price but Devaluation is a no no for me. I was a big time victim in 2015/16 which saw my networth seriously decimated compared to my colleagues. I was actually full time learner then and unfortunately, i experienced it with my hard earned money instead of learning from others to avoid it. The senior friends and colleagues who were older saw it coming and used it to their advantage. Its so pathethic for some of us, sweating and working very hard to save crumbs to invest in naira assets with the hope of cash flow to pay our bills and other expenses that are funded in forex only to see such investment decimated when you tried to repatriate those funds. I was still lucky compared to an elderly friend in Aberdeen who had a good plan to establish a boutique in every capital of the 36 states and FCT, unfortunately this guy and his family was worst hit with the devaluation during that time, imagine them buying goods at the rate of 200+/GBP only to repatriate the funds back to Uk at the rate of 500+/GBP. They had to start closing down all the boutiques one after the other and worse of it all, the guy lost his lucrative job during that oil crises in Aberdeen. The family was hit both ways, the wife shedding tears and they were both depressed. Since that time, i fear DEVALUATION with every breath in me. Once i hear DE, i jaa without listening to the remaining VALUATION.

I have 25% of my asset in Dollar .trying to place it in dollar bond..whoever has not been hit by dis will never understand.

tritritri:



I have 25% of my asset in Dollar .trying to place it in dollar bond..whoever has not been hit by dis will never understand.

Better, you can do Stanbic IBTC dollar fund. Its a good hedge and diversification in my own opinion.

Jejebabaa:


Better, you can do Stanbic IBTC dollar fund. Its a good hedge and diversification in my own opinion.

elo ni interest ?

has sovereign trust suspended their right issue cos I can't see any activity? And its suppose to end this month

RabbiDoracle:


Even your pounds then only lost 50% (from 250 to 500). Some stocks beat that devaluation hands down! If you compute dividends from 2013 till last year and then add capital appreciation to it, you will see that you even had better gains.

So no dey fear those things. We(You) are (an) engineers. So we try to work around things to find solutions.

Thanks oga , You open my eyes ooh to another level....if i see fidelity at 1naira..i go sale my eur bnd be dat.

Good evening,

I'm new to investment and I need to be put through
I'm going through the thread
And I think buying of shares will be best form of investment
Help me
Ejoor Biko

yom2:
has sovereign trust suspended their right issue cos I can't see any activity? And its suppose to end this month

Two weeks to go. If a company sells rights issue at about 150% of market price, and is not aggressively promoting the rights issue, its speaks volumes.

Vibra:
Good evening,

I'm new to investment and I need to be put through
I'm going through the thread
And I think buying of shares will be best form of investment
Help me
Ejoor Biko

Welcome.
You came at a good time when the market is low.
Good to know you are reading because you are the CEO of your portfolio.
Knowledge before application pays.
However, mentorship is the legal short cut to success.
So listen while you study, but don't take every advise hook, line, and sinker.
You may wish to register with an online broker.
Happy investing.