coputa:
SECTORES THAT DRIVE THE CHANGES WITHIN THE US STOCK MARKET

01. REAL ESTATE 4.64%
02 INDUSTRIALS. 4.05%
03. MATERIALS. 3.99%
04. ENERGY. 3.92%
05. TECH. 3.13%
06. FINANCIALS. 2.92%
07. CONSUMERS. 2.37%
08. HOUSEHOLD. 2.27%
09. UTILITIES 0.85%
10. BEVERAGES. 0.86%
11. FOOD. 0.71%
12. HEALTH. 0.68%
13. TELECOM. 0.67%
14. TOBACCO 0.44%

Nice one. I'll tilt towards tech and energy stocks were I to be a stock picker. Thanks for breaking this down.

I don't think a man or woman should marry an entitled person, except you are expressly led by God to. All the best to you and your lady.

The intuitive thing to do is to ask for help, so well done for that.

However, it doesn't work out well in reality. Most people you are asking advice for about a Christian home would give you advice based on head knowledge, and based on sentiments. You'll have to go back to the One who crafted marriage and the union between man and woman to get a sincere and unbiased answer, as well as help in the place of your pain.

What I believe will help is getting rooted in God, and rediscovering your place as king, head and priest over your home, and asking God for wisdom to express this. Lead your home with the aim of pleasing God, and not your wife, and making eternity at the end of the day.

When Eve made man sin, going forward the Bible held the man accountable. You are accountable for your home and how things turn out and not your wife. She is there to help and support you but if she usurps your authority, then she is in error. Don't let your wife ruine your home in the same pattern as eve. Discover your headship and leadership. Not by arguing and fighting, but by first aligning 100% to the headship of God, and asking him for wisdom and boldness to assume headship of your home.

So how do you practically deal with this?

Make sure you repent and have a clean hand and heart towards God and your fellow men. If your wife has a weak point with which she holds you Ransome e.g She paid for your marriage, she caught you cheating, she knows you as a cheat at work etc, repent and recognise that God has forgiven and forgotten, so no man has the right to hold this against you.

Be closer to God and read his word daily, make His word the favourite thing in the world. Let his world build you into the King, priest and prophet of your home that you are.

Honour, respect, love and be kind to your wife. Read the bible verses about family relationship e.g 1st Peter 3 and Ephesians, and especially focus on your own role and not on the "submission" role of your wife. Many men read those verses to remind women about submission, rather than what the bible ask them to do. God will judge any wife that is not submissive or obedient to "her own husband", but imposing that justice and judgement does not lie in your hands. God will also judge any man that overburdens and impose excessive burden on his wife.

Ask God for wisdom and the guidance of the holy spirit. Look into Him as your head, and true judge.

Your wife should align by this stage. If she doesn't, then give her up to God to judge. Don't let her character get to you, and this can only be by the help of God. Sometimes you'll get angry, go into your room and release that anger and pain in prayers.

The devil is happy when women appropriate authority over men and attempt to ruine homes, because he knows that by weakening the leadership structure in a home, he can weaken the family and then society, but by God's mercy, He will overcome Satan on our behalf.

This write up is only scratching the surface and it takes a couple of days seminar to work through these. I have been there before, I am still on the path, but I have overcome by the blood of the Lamb, and because I surrendered my masculinity to Christ, I will gain it back a thousand fold to lead my family in the way of the Lord and his truth, so will you.

God's blessing, peace, favour and strength to you and you family always

PonziHater

LegallyBlunt:
Good day everyone. For a couple of weeks now, there has been issues where I worship.

Mostly between the Pastor and his assistant (presently former assistant). They had a falling out, which escalated to a point where the assistant stopped his duties.

Now, I managed to ask questions about the issue and the Pastor gave his version. I also got to know about the assistant's version.

However, here's the issue - they're not in speaking terms! Isn't that malice? Isn't that dangerous, and a deviation from what Christians ought to do? Are they not in danger of hell and manipulation from the devil and agents of sin?

What's even more painful is that the church just continues like there's no issue on ground. It's sad, really.

Malice is beyond not speaking to someone, it's actually bearing evil desire or thoughts against a person. It ranks up high with murder.

Cain had malice against Abel, but was cunning and was able to disguise it, then went on to murder his brother. This shows that there are people who chat with you and smile at you who actually bear malicious thoughts against you, these are worst than those who do not speak with you.

If you have tried to reconcile with a brother and the brother refuses to speak to you and you do all that is humanly possible to win them back, do you go on trying to speak with him? I don't think so. What you do is to wish them all the best in your heart, pray for them, but keep your distance so you don't get yourself burnt by their malicious thoughts.

I am not sure of your Church setting, however two pastors not being in talking term can bring a cancer into the Church, as it does not portray what brotherly love should be, and sets a bad precedence to followers, but I cannot conclude that both are malicious, as there may be one who has good intentions and has tried to reconcile with the other, but the other has formed a brick wall or maybe both have fallen off the path, I don't know.

An elder need to rebukes the offending party, then a group of elders, then it needs to be brought forward to the Church. If these fail the erring one needs to be excommunicated from the Church so as to protect others, from catching this cancer. And if this also fails, then he should be handed over to Satan, so that his Spirit will be preserved on the day of judgement

I pray the peace of God on your Church, and pray He keeps His children in that church from the grasp of the devil, and that one day we all attain the unity of the faith, the same unity which Christ prayed dearly before His ascension.

Any one who truly professes Christ must love Him beyond father and mother, and beyond brother and sister, and beyond tribal lines. He must be first, and last without any middle ground.

Unfortunately many "Christians" have become tribalists, and make all their conclusions based on ethnic affiliations, forgetting that we will all one day be judged individually without consideration to our tribe.

Many stumble in the dark, wish their brother dead and curse the country that feed them, because they have willfully ignored the path of truth, to embrace hatred, wickedness and evil.

I pray the young lady repents, retrace her steps and puts laser sharp focus into her future, then her light will shine bright and she can turn this temporary shame to a story to success.

May we all be rich

PonziHater

Not much to offer. However, I say a prayer for you, that the Lord comforts you and that for the pain you feel with these rejections, you shall have equal and opposite joy for the future that will open up for you.

This I pray in Christ's name and power.

PonziHater

All look good from my end today. I sincerely hope to start looking at my portfolio less frequently, as I will not make any change to them for the foreseeable future.

No emotions when playing the stock market game. Long term investors, like myself, can pick their portfolio and go to sleep, not minding where the tide turns. The uninformed investors tweek their investment daily in a bid to beat the market; this is extremely hard to do, so sail with the tide.

Day time trading is quite different however, you have to be on your screen daily, making critical decisions. I rarely recommend this, So respect to those trading daily and still winning.

May we experience our rich lives.

PonziHater

Well done. May your future achievements exceed this.

Your portfolio, like mine, starts down at the beginning of the market? Don't fret, this is an opportunity for long term investors to own more stake in companies; its the investors goldmine.

For every loss we make, we see it as an opportunity to own more chunk of the cake, and for every profit we give all the glory back to the one and only God who gives power to make wealth.

In the market patience, humility, boldness to take educated risk are the real virtues, only by the spirit of the only true God do people really imbibe these virtues

Godspeed to all voyagers.

May we all be Rich

PonziHater

ernie4life:


Thanks for this, I doubt if the other fintechs in Nigeria do this, I have some insights on how they are structured but that's a discussion for another day.

Would be most grateful if you could provide some insight to their structure when you are free. So people don't get burnt.

Thanks

ernie4life:


List some of the fintech companies that do this
" buy an ETF or stocks then it's in your name"

With Chaka, for example, their intermediary is drive wealth US, and they buy stocks with your name. If Chaka goes burst, they cannot take your fund "legally", as they are only a platform for you as an individual to purchase that stock or ETF. Moreover Chaka is owned I.e Citi Investment Capitial . There is trove, bamboo etc, but I like to stick with medium to longterm industry players. Most of the others are business men who's main objective is making profit from exhorbitant fees, which shouldn't be the main motivation.

Another app based in the UK is Dodl which is actually owned by AJbells. Money box, invest engine etc are also available in the UK.

Having an app that purchases several stocks/index fund/ETF is actually a game changer for the average investors. I have tinkered with starting one with much lower fees than what currently obtains, but with questions like yours, I imagine Nigerians may not be exactly ready. Also any management fees above 0.5% -1% annually is actually too expensive, but I see Nigerians unlike people in western world are very comfortable paying this, so I imagine low fees may not tilt people towards patronising low cost players at the moment.

In the end every investor should do their due diligence and take responsibility for their profits and losses.

Best regards

As a father, I can now see why the devil is fighting against men and trying to feminize everything. A society led by women is a society heading towards indiscipline, sponteineity and chaos.

Fathers are our pillars, our strength, our compass, our source of morality and principles. Without father's the world will be nearing the brink of chaos. When fathers are alive to their responsibilities, the devil has no foothold in a family, in a church or in a nation.

Blessings to this dad, may his effort never go to waste and a prayer of forgiveness to those who had erroneously called him names, may the hardening of their heart not be to their destruction, may the God of truth be able to reveal himself to them, and teach them to set their heart on good things alone.

All the best fathers

PonziHater

Tohmey:
But bro, which one will you recomend for me
I need a firm that will contain both mmf and fixed income fund
i like sfsfund but it seems to be only offereing only fixed income

I use Stanbic for years now, so would naturally recommend them. ARM is quite strong too. But Stanbic is quite intuitive, and deal with sincerity as far as I have seen.

ernie4life:



How do you claim a funds in another persons name?

I mean cowrywise must have invested in their "cowrywise" name, so how do investors lay claim to that?

Am not saying cowrywise is a bad investment, am just asking for clarification sake.

For most fintech companies you still have a CSCS number, if you buy an ETF or stocks then it's in your name.

Also for MMF fund bought under those platforms, it should usually be in the investors name, the platform should only be an intermediary between the individual and the mutual fund company. It is the duty of the investors to ask for his investment certificate and have it handy. If those platform go burst, then you can contact the provider or the platform may transfer your details to another platform.

If cowry wise invests your money with their name, then it's a Ponzi scheme and you've got to run.

PonziHater

Tohmey:
Good day to you all, someone introduce me to cowrywise. How safe it is?
Cause i can see many firms mmf/fixed fund there e.g sfsfund, stanbic. . . Etc, is adviseable to use it instead of opening multiple account on sfsfund, axamansard, stanbic. . .
But they charging a whooping of 1.5% fee

Seems safe, since if they crash you can claim your money from the primary providers. The only issues is you'll be paying more fees than you should. The primary providers take their fees, then cowry wise does the same.

I am very particular about fees. Otherwise, you can probably go ahead.

Not nice to see Chaka down.
We need solid platforms in Nigeria, who's overall aim is not to reap investors. It that platform comes, then these guys will need to step up.

Afromentalist:

Hello, thanks for your answer. I actually was not in for a dick contest , hence I appreciate your answer.

Since the Jim Simons topic has already been raised in this place a few times (and I always remained silent) let me use the opportunity to address it.

First off, I never claimed technical analysis is absolutely useless. I said to the average Joe it is actually gambling. To be truly useful TA requires a level of Skill that is very rarely available to retail investor. Heck even Simons was not successful until he formed a group of geniuses around him (himself equally a math genius).

Secondly, one can argue that Simons does not really practices TA as done by majority of speculators. Although the details of his strategy remain proprietary, the core idea is now (through former employees) known: he uses high level arbitrage across asset classes coupled with high leverage. His strategy is said to work up to a net fund of about 100 millions (if my memory serves me right).

Why do you think his fund is closed to investors? Beyond that amount the returns diminish.

If anyone thinks Simons does chart analysis to predict the direction of the stock market, nothing could be further from the Truth. Not to mention that all his trades are computer generated and not humanly analyzed.

Yes, if one has the brain Ressource of Simons and his team, TA is effective, but to the average retail investor looking at Gant Charts and analyzing Waves, it is most likely as effective as random luck.

Picking stocks and hoping to build massive wealth over time is a big gamble and mostly a losers game. The average investor will be better off using low cost mutual funds , index funds or ETFs on their path to wealth.

emmanuelewumi:




At 14% which is the 10 year average return of one of the funds i invested in, the annual investment of 200k in the last 15 years would have compounded to N10 million

Preach on. Years ago i did this maths, and have stuck with the money market fund, with no single regrets, I have seen an average return of 10.5% which definitely for my long term plan, so why should I jinx it?

When I compare the overall trend of the Nigerian all share index to the US total stock market over a 20yr period, I was more than sure where I would like to trade.

I sincerely respect those who have thrived and are thriving in the Nigerian stock market, and will continue to learn from you guys until it makes sense.

PonziHater

henrimoto:
Sergeant Ponzi! Pls, does Chaka have these stocks on there platform ? - BITF - Bitfarms, ARBK - Argo Blockchain.

Not likely.

Totally agree. I wish to live with my parents, especially my mum forever, and wish to be there to help when she gets older. life has it that I have to move on to fend for my own family. No rush!

Over portfolio took a dip again today. Marginal dips in portfolio are awesome opportunity to build wealth for long-term stock investors, so we forge on.

PonziHater

coputa:
Go register with Bamboo,their process is seamless and fast.you can fund your account by just making a transfer.their customer service is as fast as lightening, their withdrawal is fast and prompt as well.I have been using them and am satisfied with their services.

They take 1.5% of your withdrawals too. They are also not associated with an investment bank.

Seems like high fees and not so sound regulation to me.

Latty88:


Thanks so much

Will do as you analyzed

I have joined the telegram group too

Nice well onboard

Latty88:
Good day great investors!

I am a newbie, registered on Chaka and got verified recently. I need guidance on how to deposit funds and start trading.

Thanks in anticipation!

There is a Chaka group on telegram, you could join and clarify there as well.

If you go to your wallet. There is local or global wallet.

Ways to fund is paying into their provided account, takes 3-5days
Paying into an account that is generated for you: That goes into your wallet almost immediately.
You can also pay into their domiciliary account as well if you've got a domiciliary account.

It's looks straightforward from the app though.

Good luck.

Every med students should take this seriously. I can copy this and give this to a younger one on the medical path.

Congrats Tonye and wish you a bright prosperous career.

President Tinubu ticking all the right buttons so far. All the enemies of Nigeria will fall, Nigeria will rise like the eagle.

"Better to live on a corner of the roof than share a house with a quarrelsome wife"

A quarrelsome some wife does not care if you are. millionaire or if you are dead broke

Be safe. Marry based on God's wisdom or direction or you will suffer for a long time and for nothing.

Over and out

PonziHater

Respect to both of them

nedekid:

Dont the bank charges will be tampers with. Gov raises so much money from those charges/taxes it seems.
Great job as you said.

Lovely. Very kind way to give a counter opinion and most People should learn from this. Thank you

Great job! Next should be the exhorbitant bank transfer/withdrawal charges that eat into people capital.

ositadima1:
At my age o, I still watch YouTube Shorts and tiktok. I sometimes watch them in secret.

During one of my pleasure trips, I happened upon Robert Kiyosaki, the author of Rich Dad. He said that if he wanted to buy something expensive, he would first create an investment for it and then use the profits from that investment to buy the item.

My dividends from GlaxoSmith are now paying for my Ventolin inhaler made by GlaxoSmith. By the way, I used to buy it for 2,500 to 3,000 naira, but now it costs 5,000 naira.

Top wisdom. I am glad I read some of those books in the past. While many boast of using the latest iPhone, I am assured that I have shares in iPhone. When I have gathered enough to afford a new iPhone, I just buy some more of apple again instead, buying the latest iphone. One day my dividends will be paying for my iphones.

ABBOLAJJI81:
What is the minimum funds that can be invested in the Stanbic ibtc mutual funds(MMF)...How often can one make withdrawals in a year?...
Can one pull out the principals invested
anytime?
Thank you!

Pls go to their website and you should be able to get most information you seek. Alternatively you can use the link on my bio and scroll to MMF.

Your capital is preserved, so you can withdraw anytime. You can also withdraw funds as much as the u want, though this defeats the aim of opening an MMF in the first place.