₦airaland Forum

Mcy56:
Don't let me and you start our own here o.
I know your type and i think I've respected you enough. You can shove your pride in you a.n.u.s and get the fvk out of the matter.
If only your lazy self can read, I would have told you to read some pages and know that the way I play is the way I handle low life like you.
Common sense is not common after all.

Madam, a beg e don do

You no read my begging message for everyone to forgive?

Please and please

Biafran4life:
Pls for those conversant with tax matter.This 10 percent withholding from dividend.Can it be added to your personal income tax payment to boost your tax payment as the money is no longer small on my side.If yes,how do one go about it

I was told it can be.....

ButI don't know how to go about it.

We await for the ogas that have done it to explain to us.

Mcy56:
Today's market just look one kind so far, like some indecisions going on in Mr. Market's mind self.
Let's see how it goes towards close of market....

JIJOs are trying to take profits. ......

Transcorp Dividend Alert done land.......

Though Transcorp is one of my school fees I paid over 7 years ago, their dividends keep coming tiny tiny every year. Maybe one day, things will improve in transcorp and we will smile.

It may take my grandchildren more years to recover from the school fees in paid for them if the tiny dividend payment continues.

In all, at all at all , na em bad pass.

Please let us put aside our differences and make amend.


We have seen our Tony's alerts and more to come. Those that have seen will soon see theirs once you have doneeverything right. Be calm and Relax.

As investor, you need good and calm mental activity to make sound investment decisions.

Now is time to think how to move forward, what more good stocks to buy at bargain prices and when to bail out when the bull euphoria comes as suggested by oga RabbiDoracle


A merry heart is a good medicine

We are brothers and sisters in the Lord

One Love.

pluto09:
https://nairametrics.com/2020/04/29/imf-pressures-nigeria-to-fast-track-exchange-rate-unification/

IMF .....coded entity.

RabbiDoracle:
I see a very strong resistance at 10K.

At that point, it will be behaving like osuofia when it is drunk.

Cc veecovee.

Loooooool

zamirikpo:
It has to go up biko.....to reduce the effect of this forex wahala.

Yes ooo

zamirikpo:
This 10trillion, have they not tied most of it already this past few months?

Probably.

Let's see how NTB and FGN Bonds rates go moving forward

bigjay01:
Ucap alert received @0109hrs

Same time too

More Tony's

When is Fidelity plc paying their dividend?

ahiboilandgas:
the problem is the 10 trillion pension funds sitting idle with narrow room to invest, they are willing to accept 2 percent...the Dmo and cbn has found so omo at 13 for fdiand banks by cbn to get forex and manage liquidity ..the dmo do Ntb at 4.2 and saving bond at 6 to grap the pension funds and other idle funds ....now mnc firms are also targeting Nb com paper , dangote bond 11 , flour mills @ 7 so now bank will announce bonds at 9 and suck up cheap money then loan out at 23

Very true Sir.

Let see how this development hels NTB.

Hope this will help NTB rate to go upwards

emmanuelewumi:
Read the Chairman's speech. Final dividend of N2.00 proposed. Making a total dividend payment of almost N4 billion by the company.

The company has about 960 million outstanding shares.

The Chairman a successful lawyer will get a dividend of N63 million very goods money during this lockdown

A friend chop another good 7 digits yesterday coupon of 26-April -2049 FGN Bonds yesterday.

He asked na so he go the get this kind coupon every 6months till 2049, I just say e bi like so ooo

Passive Income the sweet like Garri and Groundnut

emmanuelewumi:
They are paying a final dividend of N2.00.

The chairman don hammer be that.

Waoooooo

Passive Income is always sweet.......according to Deruggedprof

mission08:
This is quite helpful.....true, it is quite unlike that there will be a decline in the short-run, at least looking at the current situation.

With regards to performance of previous stocks, they are making moderate gains (average of 16% gain from point of entry) . I do more of value and growth stocks considering my limited knowledge of the market - I am not a trader but more of a long-term hodler. Although I wont mind jumping on moving trains so long I am sure it is not about to do a U-turn.....

Jumping. ....Loooooool

U-turn. ......Loooooool

We must continue to move forward

Well-done Madam.

rebekah2011:
http://www.nse.com.ng/Financial_NewsDocs/29792_OKOMU_OIL_PALM_PLC._FINANCIAL_STATEMENTS_APRIL_2020.pdf
No dividend because the interim dividend of N2 has already been paid.

Which kind story be this.....

Interim Dividend is interim

Final Dividend is Final

Well, the shareholders may understand them better.

Justcul:
Probably you don't have to, I talked about how efficient Firstregistras are on this platform few days ago.

Yes First Registrar is very efficient.

I have good experience with them too.

seyisanya:
Many thanks, OakPearl. It's now been resolved.

I notice same problem once a while and this gives me serious concern if things like this refuse to resolve one day. What will one do? Trove should do something about this problem. I have never experienced this problem in my 2 Nigeria brokers.

Mmmmm

So much lessons learnt from you guys.

Am so much impressed with the discussions and fertlization of ideas.

May God continue to bless our side hussles.

Amen.

Thank you all.

This may be true

ojesymsym:
Very true. But abeg put a caveat. I know my people. Those who have been looking for excuse to be lazy can simply latch on to this statement as an excuse to sleep early and wake up late.
Just for clarity, the people who have achieved financial independence did all the hard work while their mates were sleeping or involved in unproductive ventures so that they can in future be resting and earning the reward of those hardwork when those mates are still in their rat race.
Their only prayer usually is that those people will allow them enjoy their money in peace, security wise. Another problem.

Exactly Sir.

That is why we must hussle well out of the Rat Race.....but not at the expense of our blood pressure

We are still hussling to be out of Rat Race to enjoy financial independent

emmanuelewumi:
Once you have money and time, health will be well managed and invested on,. because you have gone beyond the rat race.

Which is energy sapping and take a great toll on our health

The Rat Race Kills Silently -Stress, Aging fast, Poor Sleep, Elevated Blood Pressure, Possibly Stroke , Depression and Death.

Slow and Steady Investments Win Always.

Coolcash1:
This is a sensational news.

Oga Coolcash long time. ....

Where are : Currentprice, BullBearMkt, Agbalowomeri, FXUSER, Manonamission, Bigjay, Bigass, Angeloe etc

Ajet001:
Yeah, it's a book everyone should read.
Thanks.

Also book like WHO MOVED MY CHEESE is very important to read in this period NTB is no more attractive.

yemmit90:
Those singing the phrase are not far from the truth, in an attempt to chase wealth or save for future, one must also try as much as possible to enjoy the present. It is when health related problems starts that one will realise good health and peace of mind is better than all the riches in this world.

Most people that have True Riches are also healthy.


It is running the rat race that kills one quickly.

I have colleagues that engaged in side hussles with their sweats that endanger them to poor health in future.

Some people got 7 digits and more from their coupon investments in this lockdown from their passive income with FGN Bonds and more passive incomes coming as dividends from stocks Investments, commercial rental payments even in this lockdown.

We should all pray to move away from the Rat Race and move to a level we earn good passive incomes while we eat well and have good sleep at night.

It is the Rat Race that kills most people.

As for me, I love sleeping like children to remain healthy.

I can't kill myself ooo. ......is a very good song for me.


May God help us all as we hussle out of the Rat Race of Life.

Amen.

emmanuelewumi:
You just want to engage in an endless argument with the guy. His mind is made up on his beliefs and realities you

Sir you even tried to engaged him.

Later he started saying the same thing with you.

You know I don't have power for too much endless engagement /discussion.

I have never win in any argument, so I stopped endless discussion that won't benefit me and waste my precious time to think other important things of life.

emmanuelewumi:
What part of Lagos is the property located?

Your mother beqeuthed the property to you, you have the responsibllity of doing same to your children by growing the wealth

Very true Sir.


Generational wealth is always Better.

She should not allow the Olympics Fire quench in her hand.

Ajet001:
Half way into the book titled "The Millionaire Next Door" and the recent really eye-opening posts on this thread has prompted me to make this post and I do hope it get the much needed engagement.

Wealth Accumulation in Nigeria
In the book, I learnt that the majority of the American Millionaires who were interviewed made their fortune not only by being frugal but also remained frugal after building their NetWorth.
They spend little on consumptions but save and invest a huge percentage of their income.
I can say, they literally save and invest to the point that their NetWorth can last them decades without working.Financial independence


On the contrary, what I have noticed in Nigeria is that people spend fortune on luxuries to appear rich, I mean if I were to choose btw someone who own a latest Mercedes Benz and someone using an old model, without thinking twice I would choose the guy with the latest model as the richest.(well, that was prior to reading the book).

I feel, high status, appearing rich, the extravagant lifestyle protraying people as truely rich is the norm in Nigeria.
Little or no attention is paid to NetWorth but the material things.

From the Undergraduate student using the latest iPhone (he/she will snap in front of mirror to show the brand of the phone)
The Banker using the latest model of vehicles
The ones who go on vacations (e.g Nigerian celebrities)
The ones with luxurious wristwatches et clothings, are most of the time on one mission; appearing rich.

I learnt from the book that nothing has been done wrong owning these properties only if they cost a very little percentage of your NetWorth.
But sadly, that's not the case in Nigeria. I feel people own luxurious properties with low NetWorth.

One of the Millionaires interviewed in the book, said the pride of owning a new car compared to used car is not worth paying additional $20,000.

In Nigeria once the high income stop coming, some might find it hard to maintain the expensive lifestyle.


One can also assume the principle of being frugal, Saving and investment might not be applicable in Nigeria to build wealth.


It lead me to my question how do one accumulate wealth in Nigeria?

Savings, Businesses and Investment still remain a good way on accumulating wealth in Nigeria.


Discipline and Good Investment Attitudes usually differentiate people


Just keep investing, one day we shall have high NetWorth and Generational Wealth Like Father Abraham.

May God Continue to bless our side hussles.

Amen

afroxyz:
With what I've learnt on this thread, does one need an MBA?

No need, except certificate to show for your knowledge.

ositadima1:
There might be some reason for this, but I would do same if selling bonds is cheaper. You know the retained earnings are mostly invested in other securities.

What if the bulk of the retained earnings is currently bringing in 12% interest and this new bonds are for like 8% interest?

Now your getting the koko from Alhaji

leo1234:
Are you a health worker?

We are fighting Covid 1-9 now.

May God help us all.

Amen

Valueinvestor:
Yes that was y i said growth for now,if profit increases steadily and div payment becomes consistent ,you can then start thinking otherwise.
We can take a cue from Zenith,gtb,afriprud,ucap,dangcem

Yes Sir.

Let see how it goes in the next Qs results. .....I had Wapco before, sold at N120 then.