₦airaland Forum

rmx:
Everybody be expert now on top forex and importation matter . Even People that don’t produce locally and people that do no importation. Nothing will change short term . Not prices of the goods released from the ban to access official dollars . Simply because there is no official dollars . Did prices of goods that had acess to official dollars come down ? Trajectory is still upwards for all goods both locally produced and imported

If you have anything to buy and you have money . Buy on time . Delay is dangerous

Gave above advice sometimes in October , given many such advice over the years , once you understand how Nigeria works , you can make plans to lessen the pain as much as possible . I wish all men well . Ko easy

emmanuelewumi:
Not based on portfolio value, but based on transaction value.


An investor with N10 billion portfolio size that wants to buy or sell additional shares worth N5 million can't negotiate for lower charges.


But an investor with a N2 billion portfolio size that wants to buy or sell additional shares worth N1 billion can negotiate for lower charges

Everything is based on funds you are bringing in and negotiations , you don’t even need up to 1b , nine figure sums yes , have been on .25% from day one with Morgan

ositadima1:
Haba, you stated that he had purchased the property at a high price. Then, he informed that your understanding was incorrect. Now, you are inquiring whether he sold the property at a lower cost. Please recall that the individual in question did not directly participate in the transaction.

It’s either he bought it expensive then above the going rate or he sold it cheaper than the going rate , I think he has confirmed the latter , 50% returns in 5 years is low for a property in that location , but let’s focus on why we are here

masseratti:
not at all 8, 3 bedrooms with a pent house in Victoria Island extension lekki is what you saying was over priced? Smh.. Your opinion tho.. Do you know how much just land is in that area?

What is the going rate for similar properties in that area or Did he sell below that ?

emmanuelewumi:
The property was overpriced

Absolutely

Returns of 50% in 5 years is low

masseratti:
i don't understand this your quote.

Just curious , Was it residential or commercial , what region and was it in a state capital ?

ositadima1:
The market has already crashed (in real value) as the Naira has lost more than 50% of its value.

You will be very disappointed, brother. You had better position yourself now in value stocks or US dollars, as the Naira is going to fall further before year end.

Your Elliott Wave analysis will disappoint you. I don't talk finish.

Naira from around 800 to 1400 now , that’s a loss of 75% since may/june , I hope my maths is correct

Returns need to be above 75% for investment in the nse to be ahead , I think most stocks have given that so far , but will it continue ?
Beating devaluation and inflation in Nigeria is an unending battle with naira assets

emmanuelewumi:
Money Market Fund, cash and fixed income are also liquid, [/b] I guess his networth was tied to market value of his highly speculative stock positions [b]

I shared the story of the guy whose N30 million portfolio turned to N2.5 million at a time when Naira to dollar was about N120.

If he diversified into cash, real estate, personal business and other cash producing assets he would not have been badly hit.

Someone said networth is a lousy metric and cash flow is far better. I guess that contributed to why Warren Buffett is the longest member of the Forbes list. Being there for decades.

Networth fuels the ego, cash flow fuels the yatch, jet and living expenses

The Koko , you should have added that was doing very well initially , nah when the Tide comot him cloths , then the bank came for his unclothedness , I say a lot of times people don’t know banks or bankers till you owe them or default , you won’t see all those there fine fine marketers then

ositadima1:
Wrong. Because his creditors would have still liquidated his assets to recover their money, regardless of diversification. I'm not saying diversification
is bad oo.

Nah , you are wrong , said net worth , simply means the value of the stocks he had was more than his liability to the banks , at one time by upto 20b $ , till disaster struck and the value of Viacom shares plummeted and the banks came calling on his margin loan

The lesson to learn is take profit and move to other asset class , don’t keep all your eggs in one basket, it clearly shows what other billionaires do . Each to his own , I don talk my own

chibaby1985:
From Grace to Grass: Man Makes $20 Billion, Then Loses It All in 2 Days

https://www.legit.ng/1410834-bill-hwang-the-rise-fall-popular-trader-who-made-20-billion-then-lost-it-all-2-days.html?fbclid=IwAR2Oti1ASeDrTiqOENbBCTNxYjmnpRyz_5VpODXsSjkGTKnoW_hDmO9Dt94

While other billionaires have their wealth mostly tied up in businesses, real estate, complex investments, sports teams, and artwork, Hwang’s $20 billion net worth was mostly liquid; that is, not tied to tangible businesses.

The summary of the story , diversification, diversification

emmanuelewumi:
You people like to dey drop names sha

Common or public knowledge

emmanuelewumi:
Referring to the owners of the company.

No be for this same Nigeria, the CEO of a bank compelled all the workers at the head office for a deliverance like prayer session every morning. Few minutes after the early morning prayers, the same CEO would give instructions on how to assist politicians on how to launder money and other financial crime.

Upon all these the bank fell under CBN hammer, investors who invested in the bank share because the CEO was religious and was a regular face at all the monthly spiritual jamboree destinations along Lagos Ibadan express road lost hundreds of billions of Naira investments.

Nigerians are very spiritual but not godly.


Fela don talk am, na dem dey do bad bad bad tinz pass

Definitely Cecilia Ibru of oceanic , redemption camp things yet the hammer of Sanusi cbn fell on her

4tunebest:
You dont know my story so you cant understand what I typed up there

I have passed my message across that's the most important thing. Deep calls only unto the Deep,. If you check through my moniker, you will see I hardly come on NL or make comments, I have a very busy schedule off Nairaland so I will be unable to respond to further comments on this. singing ****what the Lord has done for me, I can not tell it al***

Pls feel free to share your spiritual analysis

We are opened to all type of analysis here

DD always

dongc:
Looks like advertisement took over this thread....

Suddenly it Seems there is a competition among vendors to outdo themselves with there adverts on this thread , more like spamming to me , not nice at all

Locotrader:
Pls let's concentrate of stock discussions.
I diversified into bakery services and have managers for it.one must have the knowledge of what he chooses to do before embarking on it.

Fair enough

Locotrader:
My oga, 2024 is a year of bumper harvest.
I am retiring from computer business to venture into bread business.Loot from stock market.
Happy new yr

Commercial bakery ? Hope you have your own direct to final customer route , not thru distributors or table top sellers only

husu:
I bought UBA @33 naira in 2007, zenith @40 Aiico @6naira, Dangsugar@50 naira, wema@15naira. If UBA didn't get 100naira, zenith 120 naira , Aiico 20naira, I won't sell, my friends that invested in lands and properties are worth more that 1000% of their initial value as at now. In 2007 transport from portharcourt to lagos is #2,500, now it's 40,000 naira.

Putting things in context , dollar must have been 120/130 naira , that’s why you need a diversified investment portfolio beyond stocks

But we bought this same uba for 10/11 naira last year , dangote sugar was on sales last year , same with others, may we not be found missing at the table when it’s time to feast and recover losses of the cankerworm , everybody don pay school fees one way or the other before .money for my next real estate project is complete from this current harvest . Returns have been way beyond expectations. DD as always

yMcy56:
Above was Oga RabbiDoracle's prediction in Feb 3, 2022

Sadly however, he already deleted his handle when I was thinking he'll be back here by this January according to him.

Boss, if you're reading this why did you take such decision?

You've weathered different storms, received different stones and insults here, yet you remained your good selfless self and don't allow these to get to you.
Exiting was the least anyone could have expected from you.

Pls sir, try and come back to continue with your God given role, which only HIM can reward you. 🙏

Am sure he is here reading comments anonymously, you omitted the part where it was all gloom and doom from him and advising people to exit the market in 2023 , even until may 2023 before jagaban was sworn in and yet we experienced remarkable growth in the nse and people cashed out in multiple folds in the last 7 months and still counting for those still in the market

This life , you are the sole architect of your own choices and moves , no man is infallible , it’s said even a broken clock is right twice a day , always keep your eyes on the ball of your personal progress . God will raise other men if you believe along that line

femu:
I don't understand this valuations o, Flourmills also has a big sugar refinery.

I feel some companies have bloated figures

Well maybe , could be flour mills is undervalued or valued poorly cos of the abysmal profit and dividends they have been paying for a long time , maybe too leveraged , too much debt or just too much choppings by the owners or management

Funny , they are one of a few companies that generate over one trillion naira in revenues yearly

emmanuelewumi:
You don't trade Eurobond, you invest in it. It is good for diversification,


The Investment returns between 6% to 10% per annum in dollars and also hedges currency devaluation risk. Meaning your $1000 valued at less than 500k in January 2023 is now between $1050 $1100 valued at between N1.3 million to N1.35 million

You can access 85% of the official exchange rate equivalent as a Naira loan at 20% per annum from UC Plus Advance Ltd a subsidiary of United Capital

Correction . 1000$ in January 2023 was around 750k not 500k

Expecting some sort of stability with the exchange rate in 2024 after all the shocks and chaos of 2023 , But am always battle prepared for all eventualities

Limassol:
Is that fish salmon? If it is then ,I wouldn't be surprise - Chile is one of the largest producer of that kind of fish together with Norway and Scotland.

To the op saying he missed Nigerian food. I understand. But why happens to being open-minded enough to try out variety of Chilean cuisines out there, you may be surprise how pleasant it will be.

And with the abundant of seafood and fresh produce there , plus some great culinary skills you can always make your tasty dishes yourself. And if you feel stuck YouTube is always there to help you out.

Wish you good luck.

salmon was there , can’t remember the name of the other fish , also prawns , calamari and I think octopus . Was a seafood meal

There was this debate on toilet opening directly to the sitting room some weeks back , personally don’t like it, but no be only nija he dey , na usa be this , must say first time am seeing something like this in 25 years of coming here

tensazangetsu20:
You loved the food. You try o. Chilean food is nonsense na. Aside hotdog and sandwich there's no food in Chile. There's no even pepper here. There's no palm oil. Plantain is hard to find. There's no goat meat. How can you love Chilean food. You are definitely not Nigerian lol. I only eat for survival and not for taste like I used to in Nigeria. I am tired of everything here . I miss Nigerian food like crazy. If I enter Nigeria God knows I will eat myself to death.

lol , not that bad , ask for pepper in the restaurant even if it’s Tabasco .they have got great Seafood , also steak , part of traveling for me is to experience different cultures , food is a great part of that , It’s china , it’s India , it’s south east Asia , love the food experiences .
Leave all the fast food and try proper restaurants , more expensive though . Was in vina Del Mar , found Chile almost as expensive as usa or Europe , maybe where I stayed . All the best on your journey . Will definitely revisit when I do a South American tour in future

tensazangetsu20:
Just be patient and work hard. There's a lot of great countries aside the popular destinations and even if you don't like where you go, it's easier moving to your dream countries from there than from Nigeria. So long as you have good skills and you are well educated, you won't suffer in any merit based society.

checked your profile and saw this thread after my comment on the japa thread , dint even know you had a chile thread , interesting

Was in Chile twice last year , both on short visits . Enjoy your stay . Loved the food

tensazangetsu20:
A russian woman came to give birth in chile but she didnt come on residency so they refused to give the child citizenship so she abandoned the child in chile and travelled back to russia. Now since the child is an orphan in Chile, they will have no option than to make the child a chilean. Its one of the major problems and they are voting regarding immigration on sunday. Chile is rewriting its whole constitution. As of last year sef, tech boys were getting work visa sponsorship to germany. Now even if you get a job in germany theres no appointment in the german embassy in Nigeria. Fucking insane.

Are u sure about this ? The Russian woman no sabi wetin she dey do

Melcapital:
Reread this 5 times and could not make sense of it. That Nairaland allows easy opening of user accounts does not justify the amount of efforts spent by this person trying to type in a weird manner just to create the impression that they are different from any other thread-derailing moniker that has come here to waste pages in the past.

You are correct to some extent , more coherent and English much better in older post

topsy23:
That's the message he has been sending to all people.. Pls don't be a victim

Mine was different ,Sent me picture of a very sick boy and said it’s your friends son in hospital

Told him to send account and call . Sent account . When I called he dint pick on WhatsApp , that’s when I called you yesterday . He deleted message as I was blocking him

emmanuelewumi:
It gets to a stage whereby what one wants is predictable income, without stress, no customers to attend to, no staff salaries to pay, no regulator compliance.


Many years ago, I used to have a landlord like that. He went to his shops twice in a week and he would be back home by 1pm and yet he was a rich man

He had hustled and paid his dues in his younger working days

All stocks are businesses run by people , the most profits come from lucrative businesses, that lucrative business could be business run by others and stocks traded or could be your personal business too , the latter will be more rewarding but comes with more stress like u said

emmanuelewumi:



It was a property whose current owners were the second generation. They still have properties from their own parents and their own personal properties.


From the write up one of my cousin used his share to buy 4 plots of land, my sister bought an uncompleted property, another sister used hers to complete her property, another cousin used her share to renovate 2 houses in order to get more rental income in the future. Most of us reinvested the proceeds from the disposal of the property into another real estate investment

My youngest sibling and I are the only one who invested their shares in financial assets. She is the closest to me and my mentee. She invested in Eurobond Fund and Money Market Funds because of the stress, meagre and erractic return she got from her first and only property.

Absolutely brilliant what you have achieved with your portion of the land sales and what your sis did with hers, diversification

But the point sophy raised was that the real estate investment of your grandma was very profitable if you add the capital appreciation and all the income generated over decades before it was sold , instead of looking at the recent rental income alone

bought a commercial real estate in 2019 for 85m , when I looked at the original receipt the man bought it 750 naira in 1976 , man was collecting 4.5m rent as of the time he sold , that is brilliant also . Wont mention the value of the land now or the rental income from that same property after we pulled down and built afresh .

Just Grow to have a basket of different asset classes

sophy17:
I can imagine at what price your grandma got the land, then the income it generated over the years from generation to generation and upon the 'old house' being sold by the beneficiaries, you as one of them was still able to pocket over 10m free money (not loan) which you invested with over 200%. Now can you imagine the % of profit made so far on the land since it was bought by your grandma?
Just asking for some here before they take some decision.

Spot on , was expecting someone to say this since i started reading the discuss , nobody factored this except you

The richest people also have some of the the largest real estate holdings , it’s not a coincidence

Diversification is essential across different asset class , stocks , real estate , bonds , treasuries , fcy investments ,commodities , crypto etc whatever you are comfortable with and your risk appetite allows , even personal business

If you make money wella in one asset class , look for another to put the gain

This same stock market market has dealt with people so much that they never recovered

Deadlytruth:
I share your opinion. The stock market is about the only legitimate means to make over 500% profit on one's capital within 12 months. Ever since understanding the stock market and also how cheap Nigerian stocks are, discussions about the profitability of other businesses hardly interest me.

This is funny , and the stocks you invest in are not businesses run by other people ?

Locotrader:
I thank God for the person I am and who I will continue to be.
Which other stock recomendation do I need outside Nsempa where things are happening.
So many stocks have been recommended here and people are sitting on decent profits.Just look at Multiverse that was pointed last week.Stock recommendations is in types.Some recommend and it happens instantly and some recommend and it takes 2-3 years before gbe body.This same stock recommendations is what almighty Cp give us here for free.chai......my goodness.
Now, you have to pay to get a stock recommendations which is picked from Nsempa house.Make una shine una eyes look.Hunger dey for Naija.

You forgot custom street

But to be fair to Ogg , seen recommendations in some of his elaborate analysis