₦airaland Forum

Am i the only one seeing that they will implement green tax surcharge at the same time? And they were silent on the rate?

RillJ:
Very possible with good investment.

Its less than 40% in total, about 19% per annum straight line. Money market over the last 2 years can do that easily and it's low risk investment.

Seems people do not know about all this money market and other investment opportunities wella o. Wey some people don do 60% returns YTD already

Another red day

Sabadon:
how many percent of Nigerian working class legitly earn millions?

Less than 2% of Nigerians

Price are back to normal

Allboiz:
Lol

I moved already. Benin was once my home.

Me too. Spent about 5 years there.

Weldone bro

Allboiz:
Lol...

You keep displaying ignorance.

Disclose stock portfolio daily? For real

Here's a little lesson to why they'd not do that;

Daily disclosure of holdings is intentionally avoided. If everyone knew a large fund was about to buy or sell a stock, traders would front-run the trade and that will make it more expensive for your fund.

Also, you don't expect fund managers to be buying and selling stocks daily like Ekenwa market. Market will scatter na. There'll always be ups and downs with no bearing. So they buy and hold, and only move fractions of the funds to rebalance. Are you even aware there are charges when you buy or sell? You this guy sef



However, if you desperately need transparency, wait till month end and get your fund manager's factsheet. It contains all the transparency you need including where your money is invested and the performance.

I hope you've learnt something

Na Benin u dey? Abi Ekenwa dey elsewhere?

Allboiz:
As e con dey complain anyhow...

It's obvious he has little knowledge of how this thing works.

Obviously. There is a limit to how much the fund managers can claim as management fees sef. And its SEC regulated.

Equity is fun if u dont expect it to rise everyday. Some of us were waiting for very red days so we can carry head enter again sef. I no too like the green ASI i am seeing.

1kinggy:
Why 7 asset managers. 2 is optimal and 3 may even be an overkill.

Well, it works for me cos if i need to switch my funds urgently, i won't have to start creating and verifying.

Case in point: I had a trustbanc on Cowrywise before they did their merging so i am still enjoying the 19% mmf on Cowrywise.

Skydivine:
Very true. Yesterday was going to buy Air peace Lagos to east for $100 but because of payment issues, I let for today , just to wake and show $145. This is not good .
Almost 50% increase in a twinkle of an eye.

Use wakanow sharp sharp.

@ investmentvirus

This is the equity thread

investmentvirus:
is it advisable to buy Zedcrest? seems its over bought already.... it might be dipping soon

whats your prerogative?

Its dipping already. Topped out at 117%+. I suspect it will fall further. I am waiting for a reset b4 buying more but definitely not buying any more zedcrest till december.

I suspect the IPO will be overpriced. It will take some time to find its equilibrium. I may subscribe to short term equity funds then (to take advantage of the rise in value) and exit at the first sign of it stagnating. But not buying the IPO directly.

We can talk on the equity thread.

sharone21:
Equity fund is for people who want to play stocks but also want to play it with some safety by leaving it for the professionals.

Thanks for the recommendation of Stanbic, it saves one the stress of analysing stocks if one is busy. I wonder a safe capital to start with minimum and maximum?

For those doing Arm Aggressive funds, they can tell us their experience too so far and how many months/ yrs they have done it.....Comparing fund managers ability to manage funds won't be bad.

Stocks profit is usually SWEETER.

I have once written here before that mmf risks are largely the same across fund managers. For equity, the reverse is the case. The skills and versatility of your manager matters here. A manager that is not well diversified may rise like ijebu garri when the industry he invested in his doing well, but heaven forbid yakubu enter that industry, you can see your capital disappear. Of course if you are willing to wait, dead bones shall rise again

Now to the ranking, i use CardinalStone, ARM, UCAP, Zedcrest, Stanbic, Afrinvest and Meristem. Planning on joining coronation wealth that is just launching too.

1. Meristem is my top pick
2.CardinalStone
3. Afrinvest
4. ARM
5. UCAP
6. Stanbic (my oldest equity)
7. ZEDCREST

note that zedcrest has the highest return currently (112%+) but i am not assured they are well spread. I'll rather take my chances with the 60% Managers.

This is my personal view and ranking based on return and my subjective view of their portfolio. I have only ever withdrawn from meristem and stanbic. Process was easy. I cant say yet for the others

auschris:
On Jan 2,it was 1.02 and 1.04 respectively

Thanks. That means the displayed percentage was correct. What we are seeing is the base effect.

Goodenoch:
Zedcrest is reporting the growth from 1st January, and you’re comparing it with the growth from the preceding date. It’s bound to be different. It’s called the Base Effect.

See an explanation and sample calculations here - https://www.investopedia.com/terms/b/base-effect.asp

You can also your comment in ChatGPT/Gemini and ask it to explain further and give you more examples.

Who knows zedcrest's bid and offer price on Jan 1?

There is an unreal feeling to this Zedcrest. But make person enjoy am while it last

CSblackpink:
CS, Zedcrest, and Paramount did around 3+% last week.

Maybe i'll open one of them. I current use cowrywise portfolio (afrinvest, meristem, ucap and ARM). I use meritrade for my personal stock selections.

Which will you recommend?

CSblackpink:
20m+ in naira equivalence. Yield + 3.40%

Thats a lot. Only done 2% in NGX b4.

CSblackpink:
The closing bell. This is my first time making 1000 USD returns in a single day. God is benevolent. I will start preparing for Yakubu right away.🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🥰🥰🥰🥰🥰🥰🥰🥰🥰

CS= 1.15%🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

Whats the yield or capital outlay that yielded the 1k?
Trying to compare with NGX yield

doggedfighter:
Playstore.

Download and begin your journey,baby

U dey see wetin i dey see 😃 😀 ?

doggedfighter:
Dive in ,baby !

..

U don see how the ASI dey rise like ijebu garri? 😃

doggedfighter:
The thrills of equity 😁

Audentes Fortuna iuvat.

They havent even started dropping the dividends. When e drop, everywhere go dey soft 😃

doggedfighter:
Equity oooooooooooooooooo


💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃💃

No loud am....

Some people dey wait for "i told u so...."

All this are just paper clearing.

Scenario: i met a debt of 10bn USD when the rate was 400naira, Thats a 4 Trillion naira debt. If i borrow another 10bn usd (4 trillion) total debt in naira becomes 8 trillion (20bn usd). Then after a while i just float the naira to 1600.

Total debt in naira 8 trillion (100% increase)
Total debt in usd 5billion Usd (75% reduction)


Did i clear 15bn? The fact remains that i borrowed more but took advantage of exchange rate gains for presentation purposes. I will still pay the increased 8 trillion to be able to settle just "5bn" usd

Lanruze:
I am an expert in Real Estate especially Lagos and will tell you that the list is not totally correct.

A two (2) bedroom apartment in Lekki Phase 1 is as pricy as from N10m - N17m per annum. I have done so many this year. Lekki Phase One has more expensive Apartments than V.I

Ikoyi has two (2) Bedrooms Apartments going for above N20m per annum.

A two bedroom apartment in Yaba is above N5m and Ilupeju is above N5m for per annum too.

He said average. The ones you've done may be higher but average covers a lot of sins

Creditalerts:
haha the day I invest in equity that's the beginning of my sleepless night with enough nightmare 😅

I dey sleep well oo. In fact, i now log in lesser to all my other mmf apps nw esp STL, Stanbic and First ally. Na only cowrywise equity i dey check nw and not everyday.

I've seen red and i've seen green. May the green always outweigh the red days

emmasoft:
@Babygal2020, thanks for the kind words. Sometimes words like this inspire us to do more and better.

I hope your money is not on holidays. Please don't allow it because the master and servant can't be resting at the same time.

You are the master your money is the servant

Strong words. The only idle cash you shud keep shud be those you need for expenses. Everything else must work.

Dominzyloaded:
Only legends can relate
Genz step aside

If you know what to do, opera mini mod works freely with this details then. No data needed. Lots of tricks then

Creditalerts:
iniquities of equity ,u get kpomo mind sha😁

Equity is fun sha for those who have mind. Put some money there on feb 18 and it has returned x3 of what i would have gotten via MMF even with STL/trustbanc rate (on paper, as it can still crash tommorow) .

Diversification and personal need is key though. Money in equities must not be what u need immediately, keep a portion of ur funds in mmf for rainy days.

emmaBS:
Rather, number calling by people with huge investments inspires motivation, not discouragement.

I've not really seen anyone call huge money here sef. All of us are in the "peanuts" category. The key bit about investing is to form the habit and cut down excesses. The amount doesnt matter as long as you invest as much as you reasonably can.

Neurotika:
Well, I guess it depends on how much you're trying to take out from them. I was handed a form to fill when I wanted pulling out 18m few weeks back. This is almost 4 days after sending them a mail. But another FM (and it's not even one of the popular ones) liquidated 54m for me the same day I sent them a mail request. Different strokes perhaps….

My post was on the app withdrawal which is for 5m and below. For higher amounts, its usually slower

bigdammyj:
Weldone madam.
But why announcing it to the world?

She should so that everyone will know that the narrative is not all bad.

We have so many bad narrative out there. This is a nice refresh and should be applauded and publicised too