dominion247: please, i invested over 400k at a bank only for me to get interest of 8k after six months! i see this as tying my money down. please how can i invest profitably? i want my money to work for me. with that sum, i believe i can do better with other options. please, where can i start from?

iwe oku: @ manie, you guyz are doing a great job here. thumbs up
am a doctor with little or no financial education , can't even interprete company fact sheet ,or result.don't even understand the meaning of some indices like P.E etc currently am groping in the dark.started investing in the market january this year.
pls i need u give me link to any book that will give the basic financial education.
thanks . expecting urgent reply

iwe oku: @ manie, you guyz are doing a great job here. thumbs up
am a doctor with little or no financial education , can't even interprete company fact sheet ,or result.don't even understand the meaning of some indices like P.E etc currently am groping in the dark.started investing in the market january this year.
pls i need u give me link to any book that will give the basic financial education.
thanks . expecting urgent reply

Akpan107: Manie, you are really doing a nice job, God bless you! I bought some UBA shares around 2008 at the rate of N29, N8, N7.30, N7.10 and N7 respectively, a total of 54,000 units. I intend keeping it for a long time, but i dont really know the future of the company. I have the follwing shares: First Bank
Zenith Bank
Dan Sugar
Oando
Fidelity Bank
Skye Bank
Bank PHB (i lost all the 93,000 units i bought)
Oceanic Bank (now EcoBank)
Now, is it adviceable to keep them for a long term investiment?

AjanleKoko:

Well, during that period, I did both short term trading (using a broker), and I did value investing as well.
I started in 2001, signed up with a broker, and opened a trading account which is still active till date. Also started doing commercial papers with Denham at the time.

I also particpated in a lot of the post-consolidation IPOs, and private placements. Also did mutual funds with ARM (Discovery, Aggressive Growth), and IBTC Equity, which are still active, though the AGF and IBTC Equity took major hits as a result of the stock market tank in 2009.

Most of my blue chip stocks were bought off the secondary market, like Guinness, WAMCO, Nestle, etc., as well as public offers for FBN, GT Bank, Oando, WAPCO Lafarge, and a host of others. Also did private placements with the likes of IGI, ARM Properties (which is why some of us support the toll road )

I took a break in 2009 to focus on real estate, mostly due to the crash of the markets. This had mixed results. I lost a significant amount of money on some very bad buys and also suffered due to lack of information about the dynamics of the market. Also have money stuck in some of the frozen projects along the Lekki-Epe expressway, but still managed to make some valuable purchases. Which forms my conclusion that the real estate industry is still in embryo stage, not even infancy. You have to get down and dirty to make it in real estate.

I've also done some private equity investing in ventures within and outside Nigeria, which is beginning to show some positive results. But these days I am starting to trade actively on the short sell. The market is starting to pick up again, so some coins can still be made there

manie:
Imagine buying a land from government for 200k ten years ago, only for them to ask you to pay another 1 million Naira for development levy, just because the value of land in the estate has gone up to 2 million Naira. Anybody that refuses to pay will lose his property and they may refund the 200k paid 10 years ago without interest or present value of the money taken into consideration.

dominion247: please, i invested over 400k at a bank only for me to get interest of 8k after six months! i see this as tying my money down. please how can i invest profitably? i want my money to work for me. with that sum, i believe i can do better with other options. please, where can i start from?

AjanleKoko:

In 2005, I paid about N1.8m for two plots of virgin land on the Ajah axis. The land was being developed by one of the MNC cooperative societies. They sold the land to their members and non-members alike, through their bankers.

They held on to my cash for two years, only to write me in 2007 requesting for a a development levy of about N3.2m per plot, making N6.4m in total. I refused of course, and they still hold on to my cash till today, refusing my requests for a refund of my purchase price

AjanleKoko:

In 2005, I paid about N1.8m for two plots of virgin land on the Ajah axis. The land was being developed by one of the MNC cooperative societies. They sold the land to their members and non-members alike, through their bankers.

They held on to my cash for two years, only to write me in 2007 requesting for a a development levy of about N3.2m per plot, making N6.4m in total. I refused of course, and they still hold on to my cash till today, refusing my requests for a refund of my purchase price

Peterwins:

You just got about 4% (per annun) on your investment of 400k. Was it a fixed deposit, call deposit or just a savings account? At an inflation rate of about 9.5% in Nigeria you have a negative return of 5.5% on your 400k investment.

Yes you can do better with other options depending on your investment goals and objectives. However beware of Ponzi/Pyramid schemes in various disguise (forms) in Nigeria these days. It is better you continue with your 4% "investment" at the bank than to lose it to financial scams.

You need to answer some of the following questions:

1. What are my investment goals and objectives?

2. Are you presently unemployed, under-employed, employed or self-employed?

3. Are you single or married with or without kid(s)? Surprised!!! Marital status (including age) plays a role in risk analysis.

4. How religious are you? Surprised again!!!! Ask the proponents of ethical or sharia banking and investments.

5. How liquid (ability to turn part or all of your investment to cash at any given time) do you want your investment to be.

6. Tenure. How long do you want to invest? Daily, monthly, quarterly, yearly on a short, medium or long time.

7. Cash Flow. How often do you want your return (interest/profit/income) on your investment? Daily, weekly, monthly, quarterly or yearly.

8. Return on investment. How much (%) do you expect from your investment during its lifetime (tenure).

9. Capital Gain/Loss. The real (or net) value of your investment may appreciate or depreciate over the period (tenure) of your investment as a result of inflation, deflation, etc.

10. Security. How secure (safe) do you want your investment?

11. Personal Supervision. Do you have the time to personally watch over your investments? Some investments require personal supervision. Alternatively you could pay a "professional" to supervise your investments on your behalf.

12. What is your health status? Wondering why!!! Some initially good investments gone bad have sent some people to their early graves or develop health complications such as hypertension. Do you realise some Nigerians (investors) died or developed hypertension as a result of the stock market crash (bust) in 2008/2009.

13. An unlucky number in some cultures or belief system. So let me stop here for now.

These questions (or comments) may seem too much but are quite important if you want to become an objective investor (in any field) rather than a subject one.

These are just my personal opinion (views) and comments. Cheers!!!

sixteen08: @mannie @ajanlekoko so what advice do you have for people like us who are looking to invest in real estate in the nearest future *all things being equal*

manie:

As difficult as it may be just struggle to build your own house. But there are other money spinning ventures.

It still makes sense to own a house.

sixteen08:

Had a stint with ibtc equity and ethical,zenith,wapic,dangote sugar even though the experience was a mixture of pain and gain. But right now I am jus trying to get a foothold of my finances and when am done I'll get back into the stock market full-fledged cos I know much better now than I used to know before.

So aside from building your own house and probably one or two more its best to "bone" the real estate till sanity is restored abi??

sixteen08:

Had a stint with ibtc equity and ethical,zenith,wapic,dangote sugar even though the experience was a mixture of pain and gain. But right now I am jus trying to get a foothold of my finances and when am done I'll get back into the stock market full-fledged cos I know much better now than I used to know before.

So aside from building your own house and probably one or two more its best to "b[b]one" the real estate till sanity is restored abi??[/b]

manie:

Nice,

I am sure you work for an Investment advisory firm, or you are into Asset management.

manie:

Sanity may never be restored, the insanity is on the increase on a daily basis.

manie:


Nobody is telling to bone real estate, just educating that it is not rosy especially in South West Nigeria and Abuja. I don't know about South East, North or South South.

It is not an investment that you can plan to spend X amount of money, just allocate another 50% of the cost for unexpected expenses. Most especially if you have all the money to invest at hand.
Most investors do not have the millions to invest in real estate at hand, but we plan to build gradually and may be over a period of 2 to 3 years we can complete the building project.

oseiwe: I also bought shares from daar communications, I no see any response, no certificate, just a copy of d form and deposit slip. How do I go about that one? Its 5000 shares.

oseiwe:
Any way forward for this one?

bigx:

Its worth 2500 naira now.

mrjingles:




you did not invest, you saved money which is a good thing, cash is the lowest earning asset, investing is a different ball game.

Peterwins:

You just got about 4% (per annun) on your investment of 400k for six months. Was it a fixed deposit, call deposit or just a savings account? At an inflation rate hovering around 9.5% in Nigeria you have a negative return of 5.5% on your 400k investment.

Yes you can do better with other options depending on your investment goals and objectives. However beware of Ponzi/Pyramid schemes in various disguise (forms) in Nigeria these days. It is better you continue with your 4% "investment" at the bank than to lose it to financial scams.

You need to answer some of the following questions:

1. What are your investment goals and objectives?

2. Are you presently unemployed, under-employed, employed or self-employed?

3. Are you single or married with or without kid(s)? Surprised!!! Marital status (including age) plays a role in risk analysis.

4. How religious are you? Surprised again!!!! Ask the proponents of ethical or sharia banking and investments.

5. How liquid (ability to turn part or all of your investment to cash at any given time) do you want your investment to be.

6. Tenure. How long do you want to invest? Daily, monthly, quarterly, yearly on a short, medium or long term.

7. Cash Flow. How often do you want your return (interest/profit/income) on your investment? Daily, weekly, monthly, quarterly or yearly.

8. Return on investment. How much (%) do you expect from your investment during its lifetime (tenure).

9. Capital Gain/Loss. The real (or net) value of your investment may appreciate or depreciate over the period (tenure) of your investment as a result of inflation, deflation, etc.

10. Security. How secure (safe) do you want your investment?

11. Personal Supervision. Do you have the time to personally watch over your investments? Some investments require personal supervision. Alternatively you could pay a "professional" to supervise your investments on your behalf.

12. What is your health status? Wondering why!!! Some initially good investments gone bad have sent some people to their early graves or develop health complications such as hypertension. Do you realise some (but a few) Nigerians (investors) died or developed hypertension as a result of the stock market crash (bust) in 2008/2009.

13. An unlucky number in some cultures or belief system. So let me stop here for now. I guess the questions (or comments) are getting too much.

These questions (or comments) may seem too much but are quite important if you want to become an objective investor (in any field) rather than a subjective one.

These are just my personal opinion (views) and comments. Cheers!!!

Peterwins:

I was in the financial industry (banking and non-banking) for several years but still a keen observer in local and international finance. If most people know (realise) the "real" undercurrents (trade secrets) of finance/business/investment they will probably make less mistakes in their respective investment decisions.

Over the years I realised there was (are) majorly two classes of investors namely the objective ones (those who could confidently answer rightly or wrongly most of my questions posed above) or the subjective ones (often emotional investors) who just want to make investments (grow their money/wealth) without clearly defined investment goals and objectives.

Which Industry are you currently in.

bigx:

Its worth 2500 naira now.

Peterwins:

I was in the financial industry (banking and non-banking) for several years but still a keen observer in local and international finance. If most people know (realise) the "real" undercurrents (trade secrets) of finance/business/investment they will probably make less mistakes in their respective investment decisions.

Over the years I realised there was (are) majorly two classes of investors namely the objective ones (those who could confidently answer rightly or wrongly most of my questions posed above) or the subjective ones (often emotional investors) who just want to make investments (grow their money/wealth) without clearly defined investment goals and objectives.

Omexonomy: Manie well done for doing a good job. I am about paying for UAC property dev. IPO what are the potentials of the IPO considering UNION HOMES has not move from the initial fifty naira. And is the UPDC a good buy.