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Travel / Re: Caleb Obari-Mark, Missing Nigerian Student In Ukraine: Parents Cry Out by 4Play(m): 8:22am On Aug 27, 2020 |
magicminister: So there are no disappearances in Nigeria? In Ukraine, white Ukrainians also go missing or get killed and it doesn't get resolved. The problem is that countries like Ukraine and Nigeria have governments and societies that don't function properly. So it's a risk that comes with living in such dysfunctional places. We just have to pressure on our government to put pressure on the Ukrainian government to look into this. 2 Likes |
Foreign Affairs / Re: China Fires 'Aircraft-Karrier Killer' Missile In Warning To US by 4Play(m): 7:21am On Aug 27, 2020 |
post=93268006: Corruption |
Religion / Re: Israel Appoints T.B Joshua As Ambassador Of Tourism by 4Play(m): 2:20pm On Aug 24, 2020 |
remsonik: He generates tourism revenue for Israel through promoting pilgrimage to Israel. 3 Likes 1 Share |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:01pm On Aug 19, 2020 |
Has anyone looked at MercadoLibre (MELI)? It's a strong e-commerce company in Argentina and one can think of it as the Amazon of Latin America. It has already enjoyed strong price appreciation this year - 109% year to date - so pullback or consolidation is probable in the short run but it's a stock that seems to offer a lot of future growth. MercadoLibre, Inc. operates online commerce platforms in Latin America. It operates MercadoLibre Marketplace, an automated online commerce platform that enables businesses and individuals to list merchandise and conduct sales and purchases online; and MercadoPago FinTech, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, and allows merchants to process transactions via their Websites and mobile apps, as well as in their brick-and-mortar stores through QR and mobile points of sale. https://stockanalysis.com/stocks/meli/ |
Politics / Re: Akwa Ibom Rejects NBS Unemployment Report And May Sue NBS.. by 4Play(m): 11:55am On Aug 16, 2020 |
NaijaDonCast: Who do those traders sell to? If everyone troops to Anambra to purchase things, it will make sense but that's not really the case. And why would Anambra have a third of the unemployment level of its next door neighbour Imo state? The people of Imo will just relocate to Anambra. NBS stats are not really plausible when you think of it. Remember they also say that unemployment has barely increased in Nigeria since 2018 even with the coronavirus lockdown. Like everything government run in Nigeria, it's an incompetent organisation. PS: 1 advantage Anambra has is that its diaspora (within and outside Nigeria) remit money back home keeping things like building/construction going. But that's not enough to make its unemployment rate significantly lower than other states in southern Nigeria. |
Politics / Re: Akwa Ibom Rejects NBS Unemployment Report And May Sue NBS.. by 4Play(m): 11:34am On Aug 16, 2020 |
NaijaDonCast: You write this as if people are gainfully employed in the rest of Nigeria. If you lived in Oyo, Anambra, Nasarawa, Benue, etc, you will also see the same phenomenon. NBS stats are rubbish because they show inexplicable variance between states that should have similar unemployment rates. If Anambra truly had the lowest unemployment rate (13% I think) in Nigeria as NBS claims, people will start migrating to Anambra. |
Travel / Re: Nigeria's Airport Revolution In Pics by 4Play(m): 7:30am On Aug 16, 2020 |
I understand that many people are paid to post pro-government propaganda but if things are going well for Nigerians, there would be no need for all the propaganda. 99% of Nigerians don't use these airports and operating most cost Nigeria more money than they bring in: States governments and regional groups are mounting pressure on Federal Government and aviation agencies to reopen airports nationwide, more for political than economic considerations. This comes as the country’s Airports Authority recorded a three-year deficit of N44.39 billion, representing losses incurred in 17 airports nationwide. https://m.guardian.ng/news/nigerian-airports-record-n44-billion-loss-in-3-years/ Most likely Enugu would be among the loss making airports if it was open.* Nigerians are worse off than they were in 2014 and you have these moral degenerates trying to paint a picture of progress by posting pictures of loss making infrastructure that most won't use. If the overall policy environment sucks, no amount of infrastructure projects will improve lives. *PS: According to the article I cited, Enugu was ahead of PHC and only behind Abuja and Lagos so it's one of only 4 viable airports: Enugu will pick up because, at a time, it was behind Lagos and Abuja, even ahead of Port Harcourt International Airport. |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 1:59pm On Aug 15, 2020 |
seyisanya: You might fly in a plane, or to a tourist destination, that is at full capacity but US airlines in general have grounded a lot of their planes for the foreseeable future. The problem is getting all their planes flying again, making profits whilst paying down the debts they have added in this period. It's one thing for an industry to get back on its feet, it's quote another for the industry's stock prices to get back to normal. So again, airlines are good for short-term bounces but I would rather look for other less debt-laden and high-profit margin industries to play the long-term covid economic recovery. 3 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 1:51pm On Aug 15, 2020 |
seyisanya: Dude, you are emotionally projecting and no one is competing with you. If you only want to read what you agree with, consider logging off the net. I too do frequent short-term trades but having been trading since 2006, and following the market since the late 90s, I know that long-term investments tend to yield the best returns. Where are the Nigerians on the Forbes list who made their wealth trading stocks? Here is a thought experiment: get a list of S&P500 stocks close your eyes and blindly select a stock. If you do it 10 times, you will notice that most if not all your selections have gone up since March. This doesn't mean that blindly selecting stocks is a winning strategy but that we just happen to be in a period where many stocks have gone up. It's one thing making money over a few months/years, doing it over the long-run is another thing altogether and I doubt that anyone here has made a significant amount in short-term trades over a decade or more. There might be one or two exceptions but it's quite rare. Pointing this out isn't advocating "my strategy" - that's nonsense. It's just highlighting an obvious reality that comes with stocks otherwise many would have given up their jobs to simply live off scalping quick profits off stocks. People read our posts and are influenced by it. One of my first posts on this thread was a reply to a lady who later went on to buy Chesapeake and start #boycotttrove because she lost money! My message to investors/traders: be wary of thinking short-term trades are sustainable in the long run and consider indexes if you can't afford to lose money. 4 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:34pm On Aug 14, 2020 |
mXz6: I tend to stay clear of the airlines as even when we start flying, they need a return to full capacity to generate decent profits as the airline business is a low profit margin business in the best of times. Airlines have also piled on more debt during this crisis which needs to be paid off. They have had, and may still have again, a short-term relief rally for just surviving but it's a troubled sector. I would rather buy the KBW for a play on banks' long term recovery. I think they are well capitalised and may have over-provisioned for loan losses that won't materialise. PS: No opinion on this but I have been looking for an ETF on apparel stocks as people will need to go back to clothes shopping. If you find a good one, let me know! 2 Likes |
Jobs/Vacancies / Re: Imo Records Highest Rate Of Unemployment As NBS Releases Statistics by 4Play(m): 5:56pm On Aug 14, 2020 |
So Imo which is a short drive away from Anambra has more than 3 times the unemployment level in Anambra, surely that will mean that the unemployed in Imo will migrate to Anambra reducing the disparity in unemployment levels. Remember also that, according to the NBS, the residents of Ebonyi, and indeed the North, are significantly poorer than Imo residents but at the same time are far more likely to be in employment than Imo residents. So an unemployed population (Imo) has less poverty than an employed population (Ebonyi). NBS stats tend to confound logic, people have actually been paid a lot of money to compile this data! 6 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:51pm On Aug 14, 2020 |
OvaSabi1: As YerYer pointed out, in this up trending market, most people should be able to make money. There are a couple of problems - one specific to traders here and a more general issue. Many here seem to trade the extremely volatile stocks promoted by the Naija fintech apps. I suspect those trading these stocks experience more frequent losses than would be the case if you're trading higher quality, but less volatile, stocks. The second more general, and most important, problem is the long run return on stock investments by retail investors is poor relative to the broad index (e.g S&P 500) returns. This is why I have suggested indexes! In an up trending market, most of us are "gurus". But since we're all, I presume, relatively young and hope to successfully invest for decades, we need to invest (form good investment habits) in a way that will allow us thrive over 10/20/30 years. This is where I fear these overly rose-tinted posts about short-term wins can damage investors' ability to last the distance. People will increasingly be lured into putting their savings into this 5g or EV stock or the other high-tech name and find themselves trapped without warning. It may take months or years but it will eventually happen when we least expect it. 3 Likes |
Jobs/Vacancies / Re: NBS: 21.7 Millions Nigerians Now Unemployed by 4Play(m): 9:18am On Aug 14, 2020 |
According to its Labour Force Statistics report released on Monday, the number of unemployed Nigerians went from 20.93 in 2018 to 21.76 million in the second quarter of 2020. So since 2018, the number of unemployed people has only increased by fewer than 1 million. This is obviously false, particularly against the backdrop of the covid-19 induced recession, and points to a continuing trend of the NBS massaging statistics to look more palatable. 23 Likes 2 Shares |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:14pm On Aug 10, 2020 |
YerYer: I mentioned PLUG on July 10 and noted that nobody seemed to have brought it up. I did also mention DKNG in the same post which has been dogshit To be fair, DKNG popped up after my post and I made a bit from it. I have never bought PLUG though. Some other short-term plays not mentioned here, pardon me if I have missed it, are Draftking (DKNG) and Plugpower (PLUG). The latter is a lot more risky as it's run quite a bit but it's worth having a look for those who can afford to take the risk. Has anyone looked at Rent a Centre (RCII)? It's not one of those highfliers but it seems like a decent long-term hold in our austere economic times - it's a company that rents out goods which is great for the cost-conscious. Low PE and high dividend yields are also noteworthy. Then Kirkland Gold also. Everyone seems to have missed the action on precious metals. 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:50pm On Aug 09, 2020 |
Skymoore1004: A lot of these companies have risen so much because investors had sky-high expectations. So even if the company is beating analysts' (not investors) expectations, the stock will still fall because the share price already reflected extremely high expectations. Many of these tech names are priced to perfection and need to keep producing extraordinary earnings numbers to sustain their rise. 1 Like |
Culture / Re: Origin Of Ikwerre Denial Of Igbo Root! (A Political View) by 4Play(m): 8:32am On Aug 02, 2020 |
I think this debate misses a salient point: Igbos are the Igbo speaking ethnic groups located in the geographical Southeast of Nigeria. Same goes for many ethnic groups including Yoruba. The idea of referring to one's self as Igbo is a relatively modern phenomenon. 100 or 200 years ago, a person from Awka would state that they are from Awka and won't necessarily describe themselves as Igbo. The idea of a common ethnic identity was a byproduct of the formation of the Nigerian state. People who shared a common language unified to better compete, as they saw it, in the face of burgeoning ethnicity driven rivalries. So whether a person/ group recognises that they are Igbo, it's somewhat neither here nor there as the nomenclatural designation of Igbo is more a linguistic marker than a biological fact. 5 Likes |
Crime / Re: Emmanuel Adeniji: Nigerian Man Rapes 73-Year-Old Woman In Ireland by 4Play(m): 10:42pm On Aug 01, 2020 |
pocohantas: If we channel the energy we spend in Nigeria insulting women who have the temerity to allege rape to inculcating a sense of restraint and the importance of consent in sexual matters, it will go a long way in curtailing sexual violence. 2 Likes |
Crime / Re: Canadian Lady Says Men Should Shut Up And Accept False Rape Allegations (pics) by 4Play(m): 12:11pm On Jul 30, 2020 |
lecturer50: You sure this "woman" you talked to is not Bobrisky or perhaps a figment of your imagination? 1 Like |
Crime / Re: Canadian Lady Says Men Should Shut Up And Accept False Rape Allegations (pics) by 4Play(m): 12:08pm On Jul 30, 2020 |
Nobody has quite worked out that this is a parody twitter account. Guys here are too busy indulging in fake male victimhood, always looking for evidence that women are going around falsely accusing men. 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:26pm On Jul 28, 2020 |
nna777: To enjoy long-term success, short-term traders need excellent knowledge of technical analysis and or a knack for pattern recognition. In a sense, technicals drive the market in the short-term (absent major news event) and fundamentals in the long run. For example, Microsoft's share price growth over a 5 year time frame depends to a large extent on its earnings growth. Its share price move over a week or two is largely dependent on technical analysis (unless a major news event occurs). Once a major news event occurs (earnings release, regulatory action, covid outbreak etc), the share price move in the short-term is still largely about technicals. By technicals, you are basically looking at: trends (up or down), key support/resistance levels, popular moving averages (200 & 50 SMA), candlestick pattern, etc. 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 12:59pm On Jul 23, 2020 |
Jayjaycee18: Tesla might do a whipsaw. Many seem to expect a linear rise to $2000 but there was a lot of selling when it spiked to $1800 intraday. 1 Like
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Politics / Re: Student Who Created Jonathan Parody Twitter Account Detained For 54 Days by 4Play(m): 4:38pm On Jul 17, 2020 |
Abuse of power by the police. The twitter profile is clearly not GEJ's as he makes it explicit that it's not him. Had he not done so and used it to solicit for business, then there would be a case to answer. 7 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 10:11pm On Jul 15, 2020 |
sonnie10: I think Moderna's positive vaccine trials is boosting so called cyclical stocks: airlines, cruiselines, hotels, cinemas, apparel, etc. These stocks have suffered immensely due to the pandemic so any suggestion of progress on the vaccine front boosts them. 2 Likes |
Crime / Re: False Rape Allegation Should Also Be Punishable (opinion) by 4Play(m): 8:46pm On Jul 11, 2020 |
As most rapes occur in private settings with no eyewitnesses, it's inevitable that there are incidents of false accusations. But the reality is that false accusations are relatively few compared to the true incidents of rape (most of which is unreported). This obsession with the idea that women are going around falsely alleging rape and that this should be given as equal an emphasis as we give to tackling rape reflects a culture of denial that you get in a society where sexual violence is rampant. Although it's very difficult to ascertain, there have been many recent studies of false rape accusations which suggest false accusations constitute up to 10% at most of reported rapes, some suggest as low as 1-2%. Admittedly, these studies are in the west but there is no reason to believe Nigerian women are more inclined to lie about rape given a cultural context where the menfolk are more interested in accusing every female alleged rape victim of being a liar. 6 Likes 2 Shares |
Politics / Re: FG Spent N1.25trn On Debt Service In 5 Months by 4Play(m): 9:07am On Jul 11, 2020 |
We were screaming in July 2015 when total debt was N12 trillion not knowing we will almost triple the figure in 5 years: LAGOS — Nigeria’s total internal and external debt stock stood at N12.06 trillion or $63.5 billion as at the end of March this year, up from N11.2 trillion or $67.726 billion in December 2014 according to figure released by the Debt Management Office (DMO) yesterday. https://www.vanguardngr.com/2015/07/n12trn-debt-profile-worsens-nigerias-woes/ 1 Like |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 11:04pm On Jul 10, 2020 |
OakPearl: 2 of the biggest regrets are when you sell too early and when you're waiting for a "pullback" to buy and the pullback never happens as you watch the stock accelerate higher. I had been watching Tesla in 2019 - following the debate on it when the stock price was going sideways for months. I remember coming back from Nigeria and seeing, in early December 2019, the breakout from consolidation I had been waiting for as it hit $400 but I decided to wait for a pull back. The bloody stock didn't look back and was close to $900 by February 2020 before covid-19 knocked it down giving me another buying opportunity which, of course, I didn't take! Considering I was in my village last year, this is definitely the fault of my village people. The lesson here is that if you're convinced a stock is moving higher, don't wait for the ideal entry. The main fear is buying Tesla and seeing it collapse as it's priced for perfection. But it's still definitely something short-term traders can buy for a run up toward $2k. Some other short-term plays not mentioned here, pardon me if I have missed it, are Draftking (DKNG) and Plugpower (PLUG). The latter is a lot more risky as it's run quite a bit but it's worth having a look for those who can afford to take the risk. 4 Likes 1 Share |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 8:55pm On Jul 06, 2020 |
OakPearl: The problem is very few people, not even professional investors, have a chance of knowing beforehand what stocks will prove to be a success. There is a lot of hindsight bias1 amongst investors - we look at a stock that exploded and conclude that we ''shoulda woulda coulda'' bought the stock and held on till we reaped loadsa money and that we will find the next bonanza stock(s). The reality is most stocks are duds over the long run so your chances of finding that great stock and holding on to it, as it rises and falls, are fairly slim. And it's not even about buying a growth industry stock like Tesla and NKLA with electric vehicles or Beyond Meat with artificial meat. An industry can be a success but most of the individual stocks within that industry can be widow makers. Think of the tech bubble that started in the 1990s and remember names like Blackberry, Motorola, Nokia, Yahoo.com, Palm (of Palm Pilot fame) etc. These companies operated in industries that were eventual successes but the stocks, like most stocks, proved disappointing. So, once again, my message is investors shouldn't overestimate their stock picking skills or fall foul of overconfidence bias.2 Obviously, in this environment where stocks are generally on the rise, most people might start letting their guards down. My stance remains that most people are safer just choosing indices. If you feel you are skilled enough to pick the right stocks, be prepared to lose or to experience average/mediocre returns over the long-run (over the course of years). Yes, there are anecdotes about investors/traders experiencing stunning successes but, like a lot of things in life, those are the exceptional cases and not the norm. Preaching moderation/caution to people on this thread might feel like preaching chastity to punters in a brothel but someone has to do it! 1. Hindsight bias is a psychological phenomenon that allows people to convince themselves after an event that they had accurately predicted it before it happened. This can lead people to conclude that they can accurately predict other events. Hindsight bias is studied in behavioral economics because it is a common failing of individual investors. https://www.investopedia.com/terms/h/hindsight-bias.asp 2. Overconfidence Bias in Finance and Investing https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/overconfidence-bias/ 4 Likes 1 Share |
Crime / Re: Dr. Olufunmilayo Sues Bola Aseyan, Demands £10,000 For Damages by 4Play(m): 12:27pm On Jul 03, 2020 |
eyinjuege: It's common sense. Most women have nothing to gain from making rape accusations as they will, irrespective of the credibility of their accusations, receive a backlash. So apart from a rare few bitter women, the mentally unbalanced or opportunists chasing celebrities, the vast majority of accusations are true and only constitute a tip of the iceberg. 2 Likes |
Politics / Imported Fuel Dirtier Than Local Fuel by 4Play(m): 12:31pm On Jul 01, 2020 |
I found this interesting article which claims that the fuel we import into Nigeria is of a lower quality than that produced by illegal refineries in the Niger-Delta https://www.theguardian.com/global-development/2020/jul/01/petrol-sold-to-nigeria-from-europe-dirtier-than-black-market-bush-fuel |
Education / Re: Bowen University Sacks 100 Workers by 4Play(m): 12:15pm On Jun 25, 2020 |
This is why I thought the lockdowns in Nigeria are counterproductive. The economic hardship it will cause will be severe, longlasting and devastating on people's health. In turn, the impact of the lockdown on the spread of coronavirus will be negligible. 2 Likes |
Education / Re: Eton College Apologises To Dilibe Onyeama For Racism. by 4Play(m): 7:32pm On Jun 23, 2020 |
koning: See below: But when the time came, Onyeama failed the entrance exams. Another Nigerian boy, Tokunbo Akintola, thus became the first black student in Eton, attracting global media attention. https://www.bbc.co.uk/news/world-africa-53062502 2 Likes |
Investment / Re: Us Stocks Pick Alert by 4Play(m): 9:13pm On Jun 21, 2020 |
thesilentone: Hedge funds won't take money from small investors - this is not a thread that caters to the Dangotes or Otedolas. The assertion that retail investors - the people on this thread - struggle over the long term when buying individual stocks is so well known that it is odd we are even debating this. No one should be investing in the stock market without being aware of this. As for Buffett not buying indexes, you seem to miss the point. You buy indexes because you are not Buffett - no one here has his track record no matter how much we congratulate ourselves because of brief successes. By the way, here is Buffet's advice: Buffett is a master of value investing wherein patience, discipline, and risk aversion are the essential ingredients for success. But he acknowledges that individual stock picking is not for everybody. In fact, most average, long-term investors would benefit from a much simpler strategy, he says: investing in low-cost index funds. https://www.businessinsider.com/personal-finance/warren-buffett-recommends-index-funds-for-most-investors I worry, knowing Nigerians' penchant for get-rich-quick schemes, that many will see the stock market as a route to riches, like the BetNaija trend, and invest in an aggressive style. We've already seen the chap from Trove attacked by an investor who lost money and it was interesting the comments he made about the investing style of many, I assume his clients. If we glamourise investing, most people here will suffer in a country where many are not financially buoyant. We have to acknowledge it is tough for retail investors and that the evidence supports this. My view is that novices should avoid stocks, many experts would even say all retail investors should avoid individual stocks but I recognise that you can become pretty good at investing with good education on it. Arguably, part of acquiring an education is by experience in buying stocks but if you go down this route, think of your investment fund as tuition fees and only do it with money you can afford to lose. PS: I have already mentioned in my earlier post what indexes an investor can buy. There are a lot more and I am a bit wary of people wanting to be spoonfed with names of what to buy. It's up to each interested person to investigate what index funds would be appropriate and what is available on the platforms they are using. 11 Likes 1 Share |
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