Seun's Posts

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Investment › Re: Pump And Dump. Can It Work In Nigeria's Investment Market. by Seun(mod): 9:47am On Mar 26, 2013

222Martins: Lol........what are you trying to say. Pump and dump still work in all exchanges of the world. It is mainly carried out by big brokerage firms, mutual fund companies, hedge fund companies and institutional investors.

I said investors are vulnerable, which means it does work. However, we won't let people use Nairaland to pump stocks and dump them later.

Investment › Re: How Should Young People Invest Their Extra Cash? by Seun(mod): 5:42pm On Mar 25, 2013

mrjingles: My brother go to a professional investment adviser and PAY for good advice.

Advice given by a professional may be wrong. Many investment advisers just want you to trade so they can get their fees.

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Investment › Re: How Should Young People Invest Their Extra Cash? by Seun(mod): 2:06pm On Mar 25, 2013

yomola: Where Sir, Can I learn about this 'FGN bonds'? I am a complete novice

http://www.dmo.gov.ng/debtprofile/fgnbondmarket.php

Investment › Re: How Should Young People Invest Their Extra Cash? by Seun(mod): 1:48pm On Mar 25, 2013

Reyus: Read my lips... BUY LAND! BUY LAND!! BUY LAND!!!
Save money, buy and fence GENUINE LAND.
Of course, it depend on how much you have.
But you will never regret it.

There are many costs associated with land, which people fail to account for when boasting about their real estate investments. For example, cost of fencing, cost of taxes and complying other government requirements, cost of dealing with omo-onile, cost of scouting, etc. When all those costs are considered, I suspect that the returns obtainable from an average investment in land would be quite modest; nothing spectacular.

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Investment › Re: How Should Young People Invest Their Extra Cash? by Seun(mod): 1:35pm On Mar 25, 2013*

soldierAnt: To reply to reply to your points, I want to do a bit of both: Try to boost my earning potential through courses and certifications and also put some money away in something more than a dumb savings account - something passive and rather long term for a start (say 10 years)

If possible, put your money in 1 year FGN Treasury Bills, so you'll have a yearly opportunity to modify your investment strategy.

I really appreciate the book suggestion too; one more to add to my reading list. I've already got "Think and Grow Rich" and "The Intelligent Investor"

"The Intelligent Investor" is a great book, though it's a bit old. It was written by the lecturer/investor who taught Warren Buffett (the most successful investor of all time) how to accurately value stocks. But I don't know about the other book "think and grow rich". It was written by an author whose sole claim to fame is that he pioneered the personal success genre of literature. You should read think and grow rich if you want to be a successful author of personal success literature, but if you want to learn investing, I think you should learn from people who have been consistently successful as investors over a long period of time. For example, Warren Buffett. wink

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Investment › Re: Buying Shares in Nigeria: Companies, Stock Market Trends, & Opportunities by Seun(mod): 12:14pm On Mar 25, 2013

manie: You are talking like a guru in the Business, do you know how to value a stock? Are you invested in the market?

I know the basic principles of stock valuation. I have a copy of Ben Graham's stock aalysis book, The Intelligent Investor, and another one on company valuation. But I find financial statements to be extremely boring, so I have never actually completed the process of analyzing any stock. Ben Graham used to analyze stocks with his students during class, and many of them made a lot of money by investing on the basis of his analysis. I wish a good stock analyst would create a stock analysis thread here on Nairaland so we can learn & practice it together.

Investment › Re: The Art Of Personal Leverage (lectures Series) by Seun(mod): 11:45am On Mar 25, 2013

Please continue this discussion here: https://www.nairaland.com/1208600/art-personal-leverage-book-preview

Webmasters › Re: Free Advertising Promo For Web Designers On Nairaland by Seun(mod): 11:25am On Mar 25, 2013

Have you guys started getting calls from Nairaland members as a result of your ads?

Politics › Re: Why Is There So Much Ethnic Rivalry On Nairaland? by Seun(mod): 11:21am On Mar 25, 2013

Genius100: You think the secret to the traffic on Nairaland is your loose moderating?

Nope. I think successful forums are harder to control. And I think Afam4eva and OAM4j are not moderating loosely.

If Nairaland was well moderated, you will be making a lot more money than you are now, because you will attract a more profitable demographic.

Nairaland is quite well moderated, but there's a lot of room for improvement, therefore we will continue to strive for improvement.

Politics › Re: Why Is There So Much Ethnic Rivalry On Nairaland? by Seun(mod): 10:22pm On Mar 24, 2013

wtf is ethnic baiting anyway? We do not support ethnic or racial intolerance, but ethnic baiting is not recognised as a form of intolerance.

Politics › Re: Why Is There So Much Ethnic Rivalry On Nairaland? by Seun(mod): 9:57pm On Mar 24, 2013

Genius100: This is the simple formula that has worked on all Nigerian online forum with little to no ~~ethnic war~~ traffic..

ftfy

Investment › Re: Pump And Dump. Can It Work In Nigeria's Investment Market. by Seun(mod): 9:51pm On Mar 24, 2013

Poorly educated investors are always vulnerable to the pump and dump strategy, but we won't allow that on Nairaland.

Adverts › Re: The Easiest Way To Get Rich...... by Seun(mod): 9:48pm On Mar 24, 2013

Solar energy is not yet cost-effective. In most places where it's thriving, this is because its supported by government subsidies. A time will come when solar will be competitive with fossil fuels, but even at that time, it will not be the "easiest way to get rich". So beware!

Investment › Re: How To Go About Investing In Mutual Funds by Seun(mod): 5:47pm On Mar 24, 2013

You should probably contact the organisation responsible for the fund. Which mutual fund are you interested in and why?

Webmasters › Re: Free Advertising Promo For Web Designers On Nairaland by Seun(mod): 2:42pm On Mar 24, 2013

@HQ: Yep, that's the plan. wink

Investment › Re: How Should Young People Invest Their Extra Cash? by Seun(mod): 11:35am On Mar 24, 2013*

Many investment gurus have said that most lucrative investment you can make is an investment in yourself. Use your extra cash to buy things that will increase your earning power, such as certifications, career-enhancing books, part-time studies, and good healthcare. Or expand your primary business, if you're an entrepreneur.

Index funds are definitely the safest way to invest in stocks if you don't know what you are doing - that is, if you cannot calculate a company's monetary value to a high degree of accuracy by reading its financial statements.

We dont seem to have index funds in Nigeria yet, though we have mutual funds. Mutual funds are not an appropriate substitute for index funds because they charge much higher fees but do not perform any better than index funds. Mutual funds can fail catastrophically due to mistakes by their managers, while index funds tend to fail only when the entire market is failing, e.g when an asset bubble bursts.

You should also consider safe government securities like tbills and bonds. You can put up to half of your funds in them. They tend to do better when stocks are not doing so well. They are also very easy to convert to cash when you need cash urgently. For active investors, these can be used like a savings account while you're waiting for the right investment to come along.

I recommend "Buffett: The Making Of An American Capitalist" if you really want to learn more about investing and stocks.

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Webmasters › Re: Free Advertising Promo For Web Designers On Nairaland by Seun(mod): 9:14am On Mar 24, 2013

We will put an advert that promotes www.nairaland.com/webdesigners on a Plan A slot on Nairaland for 1 week, starting later today.

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Webmasters › Re: Nairaland's New Background And Layout Style by Seun(mod): 8:27am On Mar 24, 2013

@omo_to_dun: try hitting Ctrl + F5. If that fails, try upgrading your Chrome. My screen resolution is 1920 x 1080.

Webmasters › Re: Nairaland's New Background And Layout Style by Seun(mod): 11:13pm On Mar 23, 2013

omo_to_dun: By the way, this new NL look doesn't work on Google Chrome. The tiled background does show, but the width is still as before. I would expect that NL would test on Chrome before effecting this change.

I use Google Chrome as my primary browser on Windows. The new design works. Can you tell me all about the device you're using with Chrome?

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