DexterousOne:
https://www.nairaland.com/6333390/economic-crisis-naira-fall-further

From this report above,
If the CBN pulls this off (their whole talk about interest rates going up going into 2021)

The equities market will definitely feel it

Imagine for example T Bill's rate hovering between 8-12%
In 2021?
Anyways let's keep observing
And be on the lookout

If these two hypotheticals hold I.e. rates going up, and equities market taking a hit....
That's an "IF"
The major card that retail investors can play in the equities space is to pick a few sound companies in the dip.
At least that's what I'm gonna do if these were to occur

DexterousOne:


If these two hypotheticals hold I.e. rates going up, and equities market taking a hit....
That's an "IF"
The major card that retail investors can play in the equities space is to pick a few sound companies in the dip.
At least that's what I'm gonna do if these were to occur

Am also looking forward to a few picks next year if the “IF” happens

igbizen:

Am also looking forward to a few picks next year if the “IF” happens

Indeed
But then
If the T Bill's rate cross the 13% mark

Money Market instruments again would be the beautiful bride that investors will be courting
I think its remotely possible
But highly unlikely

The uncertainties around our currency and the policy surrounding it will definitely keep FPIs (well many of them) who would have otherwise been in the field, watching through the window

This means that for the most part, we are gonna be on our own

I'm sure. Mr Ukay2 and a few others are patiently waiting with their SHARP CUTLASS
To do some harvesting

Almighty America is in a way stuck in that trap

The abysmally low interest rates PLUS excess liquidity have fuelled am asset price increment across board (Equities and even real estate)

Having the interest rates go up will spell doom for so many of these assets, as rotations are bound to happen following that
Not to even talk of the US Debt

It's my hope and prayer that Nigeria one day does not get into this EXACT SAME predicament

DexterousOne:


Indeed
But then
If the T Bill's rate cross the 13% mark

Money Market instruments again would be the beautiful bride that investors will be courting
I think its remotely possible
But highly unlikely

The uncertainties around our currency and the policy surrounding it will definitely keep FPIs (well many of them) who would have otherwise been in the field, watching through the window

This means that for the most part, we are gonna be on our own

I'm sure. Mr Ukay2 and a few others are patiently waiting with their SHARP CUTLASS
To do some harvesting

No be lie oo

We are hoping things will work out for our good in 2021....Amen.

jedisco:


Can you attach the original article? It looks likean old one. Most major financial news outlets such as Bloomberg and Forbes have changed their tone of reporting about it.

It's still a relatively small market and that's why I'm excited about it... Cos the room for growth is tremendous.

I believe this market has survived it's worst and is slowly getting to mass adoption. Most regulators are well aware and have gone through it. Their focus now is on making sure traders have full ID and that they pay tax on their gains.

One area still a bit grey is the stable coyns which are made to match the value of day to day fiat currencies and are not volatile. They're meant to be backed by dollars or other securities. Their rate of growth may seem that they're not fully backed. I know Facebook and a consortium of other companies were looking at building one at a time.

But the mass printing of the dollar and the fact that most citizens from nations with rapidly depreciating currencies turn to it will drive its value up with time.

It was a debate though...


https://coingenius.news/anthony-pompliano-and-shark-tanks-mr-wonderful-debate-merits-of-bitcoin/

Still waiting for Altcoin season.. I bought 289 ripple XRP in mid November for about 100k, now it worth 40k . As soon as I see a 150% increase I'll sell this Shitcoin. With the US SEC lawsuit against ripple I thought. But I'll jst wait till end of February 2021 to see

handsomebolanle:


It was a debate though...


https://coingenius.news/anthony-pompliano-and-shark-tanks-mr-wonderful-debate-merits-of-bitcoin/

Yeah.. explains it... A critic on one side and a pro guy on the other.

Is it not shameful, you are advertising an Investment with no company name, no address.

Just WhatsApp contact details, welcome to the TB thread.

iamoluwatobi:
Season greetings to you.

In a bid to attain financial freedom and sustain exponential financial growth, many have lost their money to one investment or the other or one financial scheme for reasons unknown.

Here, any investment you bring to the table, we give you 20% ROI (Return on Investment) in 30 days!

What do we do?
1. Funds management
2. Real Estate
3. Cryptocurrency trading
4. Forex
5. Oil and gas

WhatsApp on 0*7*0*3*0*3*0*3*2*3*0
Let's deal and have a wonderful new year ahead

Osirawboy:
Still waiting for Altz season.. I bought 289 ripple in mid November for about 100k, now it worth 40k . As soon as I see a 150% increase I'll sell this Shitcoin. With the US SEC lawsuit against ripple I thought. But I'll jst wait till end of February 2021 to see

Hehehe.... Market psychology at it's best.

No be only you. It had gone over 100% when you bought it, a steep correction was in the offing but definitely not the way it came. The SEC news aside, it is known to create a load of bag holders. Pumps heavy then dumps leaving folks with heavy bags, frustrate them for a while nd repeat. The problem now is there are lots of bagholders who are willing to sell the smallest of pumps.
That's why I like Eithy... Slow and steady rise and when it corrects, it does that respectfully.


One thing I like about this market is how it shows and works on people's psychology. Everyone is regretting not buying betece at 4k. I can assure you if it drops to that level again, people will still not buy. Either they'd be calling for 3k and miss out or calling for its doom. It's interesting how same scenario keeps playing out over and over again. Buy high, sell low.

Fund management? I doubt you know what it means. I weep. Financial literacy is something to be taken very seriously.

Everybody and their grandmas now think they manage other peoples money. Zero antecedent, zero prospectus, zero credentials, zero regulation.

iamoluwatobi:
Season greetings to you.

In a bid to attain financial freedom and sustain exponential financial growth, many have lost their money to one investment or the other or one financial scheme for reasons unknown.

Here, any investment you bring to the table, we give you 20% ROI (Return on Investment) in 30 days!

What do we do?
1. Funds management
2. Real Estate
3. Cryptocurrency trading
4. Forex
5. Oil and gas

WhatsApp on 0*7*0*3*0*3*0*3*2*3*0
Let's deal and have a wonderful new year ahead

ahiboilandgas:
my dorm accounts is having zero balance . ..that will be my Last option if standard chartered bank fails .....zenith bank has never failed me for small 300 usd payments...they are now on 200 from 5000 usd

were you able to make payment with the zenith bank atm card?

ThePropertyGuy:
Fund management? I doubt you know what it means. I weep. Financial literacy is something to be taken very seriously.

Everybody and their grandmas now think they manage other peoples money. Zero antecedent, zero prospectus, zero credentials, zero regulation.

Let’s not forget everybody and their grandsons that come to give investment advice on this thread with no credible investment work experience or long term experience investing real hard earned money. To be honest, it cheapens the quality of advice given by some credible folks here.

In real life, who takes investment advice from a newbie or jobless youth that has never invested huge sums of hard earned money long term??

jedisco:


Yeah.. explains it... A critic on one side and a pro guy on the other.

Kevin O'Learey is just yarning dust. Using 2017 data to make his analyses. Dude bought reeplee and was yarning dust

For those people that talk about investing in the NSE and going long term, I will use the experience of a family member to show why I always preach caution.

Many years ago, a family member decided to invest in various stocks on the NSE and go long term, hoping that this would contribute to a large chunk of his retirement funds.

He diversified and invested in banking, insurance, industrials, oil and gas, etc. Examples of companies he invested in First Bank, UBA, Union Bank, Afribank, Law Union and Rock, John Holts, UAC, AP (now Oando), Texaco (now MRS), Leventis, SCOA motors, UTC, Nigeria Textile Mills, etc.

Guess what happened to many of those stocks today? Vanished or underperforming. With just a few of them paying dividends and giving bonus shares (mainly First Bank and UBA).

Note that this family member had little time to be monitoring these stocks and only bought lots of these shares and moved on to other endeavors.

Moral of the story: Buy and hold on NSE is as risky as trying to time the market. You still need to commit lots of time monitoring these stocks and not a lot of retail investors have this luxury.

For busy risk averse people that would rather focus on their jobs and real life hustle, the money market/fixed income market is just more straightforward and can be done by anyone. Simply put your money in Tbills, bonds, etc and continue your hustle.

Unfortunately, the rates don crash so risk averse people must enter equities market to get better returns. But these returns come at the expense of one’s time and high stress levels. The manipulations at some companies and those by the speculators and big boys is enough to give man pikin heart attack. Is it worth it?

Personally, for equities (my preference is foreign equities sha), I think investing indirectly through solid mutual funds and letting the fund managers deal with all the wahala of diversification, monitoring and rebalancing is more efficient for busy folks. I will gladly pay the management fees and avoid dealing with all the wahala.

My opinion...

afroxyz:


Kevin O'Learey is just yarning dust. Using 2017 data to make his analyses. Dude bought reeplee and was yarning dust

Hehe... It's a debate... Most do it for fun. They'd have to get someone to oppose and a vast majority of the public still do. But finally, you wouldn't blame him.. reeple can cause longstanding vexation.


Hope you're part of the Eithy ride? Over 15% since yesterday and still moving. Imagine those who panic sold their Eithy into betece yesterday. Na bicycle dem dey... You see how the market is calmly watching it run.. When it's done, expect its little brothers to start causing wahala starting from mid caps.... My eyes on link... It hasn't had a proper run in a while.... But not holding my breath though. It's already had a good year

Except betece suddenly wakes and dumps or pumps heavy, the cycle should go through. Most times, when it gets to this stage, betece ranges or slowly bleeds.

Money has steadily flown into betece for over 3 months without really giving altz room. It's still one same market and the usual cycle is expected. Just position peoperly to reap the benefits and know when to take profits. It's on Eithy moves like this I like using a stop loss and just be bumping it as it moves up



I'd say this market is less stressful and much safer if you look at the big picture. Most day traders get chopped up trying to nail tops and bottoms

Lazyyouth4u:
For those people that talk about investing in the NSE and going long term, I will use the experience of a family member to show why I always preach caution.

Many years ago, a family member decided to invest in various stocks on the NSE and go long term, hoping that this would contribute to a large chunk of his retirement funds.

He diversified and invested in banking, insurance, industrials, oil and gas, etc. Examples of companies he invested in First Bank, UBA, Union Bank, Afribank, Law Union and Rock, John Holts, UAC, AP (now Oando), Texaco (now MRS), Leventis, SCOA motors, UTC, Nigeria Textile Mills, etc.

Guess what happened to many of those stocks today? Vanished or underperforming. With just a few of them paying dividends and giving bonus shares (mainly First Bank and UBA).

Note that this family member had little time to be monitoring these stocks and only bought lots of these shares and moved on to other endeavors.

Moral of the story: Buy and hold on NSE is as risky as trying to time the market. You still need to commit lots of time monitoring these stocks and not a lot of retail investors have this luxury.

I haven't held Nigerian stocks in a long time. People make good money trading it.
My worry is there may be lots of insider trading going on with improper regulatory oversight hence the huge losses by most folks. Another theory may be that they bought the top of the last bull run. That said, our failing currency makes foreign stocks more attractive.

jedisco:


Hehe... It's a debate... Most do it for fun. They'd have to get someone to oppose and a vast majority of the public still do. But finally, you wouldn't blame him.. reeple can cause longstanding vexation.


Hope you're part of the Eithy ride? Over 15% since yesterday and still moving. Imagine those who panic sold their Eithy into betece yesterday. Na bicycle dem dey... You see how the market is calmly watching it run.. When it's done, expect its little brothers to start causing wahala starting from mid caps.... My eyes on link... It hasn't had a proper run in a while.... But not holding my breath though. It's already had a good year

Except betece suddenly wakes and dumps or pumps heavy, the cycle should go through. Most times, when it gets to this stage, betece ranges or slowly bleeds.

Money has steadily flown into betece for over 3 months without really giving altz room. It's still one same market and the usual cycle is expected. Just position peoperly to reap the benefits and know when to take profits. It's on Eithy moves like this I like using a stop loss and just be bumping it as it moves up



I'd say this market is less stressful and much safer if you look at the big picture. Most day traders get chopped up trying to nail tops and bottoms

Im on eithy but have a small position compares to beetèecee. But I would be increasing my position next quarter and during the dips consiserind the fact that it has outperformed the king YTD

jedisco:


I haven't held Nigerian stocks in a long time. People make good money trading it.
My worry is there may be lots of insider trading going on with improper regulatory oversight hence the huge losses by most folks. Another theory may be that they bought the top of the last bull run. That said, our failing currency makes foreign stocks more attractive.

Well, those on the NSEMPA thread and people like ukay2 and emmanuelewumi would disagree with you. Some folks have mastered the NSE and are making a killing. Its just to know what startegies they use.

But you are right too much inaise trading and shady deals. The market is not efficient. You would hear bad news about a stock yet it would still be trading high in the market

afroxyz:


Im on eithy but have a small position compares to beetèecee. But I would be increasing my position next quarter and during the dips consiserind the fact that it has outperformed the king YTD

Not bad if by next quarter you mean January ish... If you got into betece early, you have some good profits already. I didn't own much of betece though.

The thing with altz is that they can reverse months of downtrend against betece in a short time.
Don't be surprised betecee ranges between 20-30k while eithy can double its value in that time. Once it crosses the 820-900 resistance cluster, na waka be that.

Definitely after this run will come a correction... Don't want to be holding anything then moreso altz

afroxyz:


Well, those on the NSEMPA thread and people like ukay2 and emmanuelewumi would disagree with you. Some folks have mastered the NSE and are making a killing. Its just to know what startegies they use.

But you are right too much inaise trading and shady deals. The market is not efficient. You would hear bad news about a stock yet it would still be trading high in the market

They're good at what they do...
I'm looking in the direction of some stocks to hold for a long time... The volatility of the crptow market makes the generally slower moving stock market look boring. That said, volatility comes with more risks too.

jedisco:


I haven't held Nigerian stocks in a long time. People make good money trading it.
My worry is there may be lots of insider trading going on with improper regulatory oversight hence the huge losses by most folks. Another theory may be that they bought the top of the last bull run. That said, our failing currency makes foreign stocks more attractive.

There has been some reform and some regulatory changes since the fiasco of 2008/2009 during which anything went

I would say that the NSE is in a better place now than it was then.
The NSE still has some opportunities for those who seek it, and sometimes, the best bargains are the companies with not so big names

I for one have looked into that courier company RedStar
I have been looking into their statements, and from my own personal judgement, I believe some value holds in that company, hence I am loading up on that company in phases
Now this is my own judgement, not a recommendation for anyone
Due diligence is still needed

That said
The main risks with this our beloved NSE
Is Mr. Inflation and Mr. Devaluation
(Other risks also exists, such as corporate failure of the individual companies and all that, but I feel that the aforementioned are the two biggest for me)
Picking good companies and periodically reviewing their statements, you cannot go wrong most of the time doing just that

Judging by the sheer size of our economy (it could be bigger, based on the inherent potentials of Nigeria)

The Market Capitalization should have been much bigger
And the number of companies listed should be much more

The lack of trust I think many have for this space, as well as the dark shadows as cast by the fiasco of 2008, is really inhibiting the growth of our market

And for the brother who spoke about market inefficiency
Maybe its because of the relative illiquidity of our markets

DexterousOne:
Judging by the sheer size of our economy (it could be bigger, based on the inherent potentials of Nigeria)

The Market Capitalization should have been much bigger
And the number of companies listed should be much more

The lack of trust I think many have for this space, as well as the dark shadows as cast by the fiasco of 2008, is really inhibiting the growth of our market

And for the brother who spoke about market inefficiency
Maybe its because of the relative illiquidity of our markets

Please stop. Just stop it.

EarlyCareer:


Please stop. Just stop it.

What should I stop ?

jedisco:


Not bad if by next quarter you mean January ish... If you got into betece early, you have some good profits already. I didn't own much of betece through.

The thing with altz is that they can reverse months of downtrend against betece in a short time.
Don't be surprised betecee ranges between 20-30k while eithy can double its value in that time. Once it crosses the 820-900 resistance cluster, na waka be that.

Definitely after this run will come a correction... Don't want to be holding anything then moreso altz

Yeah. You are right. Ethy has more 'healthier' pull backs, and it recovers to previous highs faster. I believe BTC would meet resistance at 30k. However I'm strongly opined that of Ethy breaks 1k mark, its gonna be a wild bull run.

jedisco:


They're good at what they do...
I'm looking in the direction of some stocks to hold for a long time... The volatility of the crptow market makes the generally slower moving stock market look boring. That said, volatility comes with more risks too.

Baba. Let it not make you bored o. Remember trading/investing is 90% psychology. You have to rein your emotions when others are drunk with euphoria. Besides when shit hits the fan na those 'borubg assets people go use hold body las las. But why do u find stocks boring? Zoom shares have returned 553% this year. Peloton 558%, NIO over 1,100%. So it depends on where you are looking.

afroxyz:


Baba. Let it not make you bored o. Remember trading/investing is 90% psychology. You have to rein your emotions when others are drunk with euphoria. Besides when shit hits the fan na those 'borubg assets people go use hold body las las. But why do u find stocks boring? Zoom shares have returned 553% this year. Peloton 558%, NIO over 1,100%. So it depends on where you are looking.

These kinds of growth in a short period of time is very very rare for the NSE, at least in recent years (that is if it has happened at all)

1100% ?

My goodness me

DexterousOne:


These kinds of growth in a short period of time is very very rare for the NSE, at least in recent years (that is if it has happened at all)

1100% ?

My goodness me

Who dey talk NSE? When people trust the system, those type of gains can be replicated here. Trust is the blood of every financial system. If investors cant be guranteed that there is a level playing ground they would hide their money or divert to other asset classes to lock in their capital such as gold and real estate.

ukay2:


No be lie oo

We are hoping things will work out for our good in 2021....Amen.

Amen o
We look forward to a positive 2021