ojesymsym:
Americans and Singapore and other first world countries have a productivity and greatness mindset. So they always strive to get better in all that they do.

This is not about prayers at all. As a matter of fact, your second statement is what I am talking about. Because of the destructive mindset of our people believing that the country will never get better, they allow their greed get the better of them to destroy any sector they man, no matter the position they hold whether na security man, or politician.

Gbam. The mindset is to fraudulently collect as much as possible and relocate their generations abroad with the loot.

ojesymsym:
Americans and Singapore and other first world countries have a productivity and greatness mindset. So they always strive to get better in all that they do.

This is not about prayers at all. As a matter of fact, your second statement is what I am talking about. Because of the destructive mindset of our people believing that the country will never get better, they allow their greed get the better of them to destroy any sector they man, no matter the position they hold whether na security man, or politician.

Thank you jare.

Don't mind that full.
He only comes here to clog the thread with inane and dumb-brained posts about how Nigeria is fInIsHeD. He has never contributed anything sensible here even if na by mistake.
Since the country no go beta, then wetin him still dey find here? Go to travel section and join like-minded people there to postulate.
Leave this thread for intelligent posts abeg.

9jatriot:
Baba, na ur turn to face owa inhouse self acclaimed "Investment professional" wen non de ever fit give financial advice. Talk TB, e go say rate too low. Talk stock market, e go say insider trading. Okay Bond nko, e go say because yield de confusing e non advice u to do am. What of mutual funds, e non trust fund managers. Okay surely, you have nothing against real estate, e go say na lie tenant non good. Then real sector good? e go say na Emiefele be CBN governor so e non advice you to do anything for real sector.
The only investment wen he manage put 10k de expect 10 million after u talk say u achieve 300m, na em burst so, na em make am take the matter personal with you.
The other 2 monikers wen still de give am hope say the 10 million from 10k go still come, u non say as de guy the hail them.
Investment professional. I non fit laugh.

Somehow this post just killed me with laughters

Lazyyouth4u:


I really enjoy reading your analysis of various asset classes and appreciate how passionate you are about bitc0ins. It shows that you are really invested in it and your emotions are normal for any true investor in an asset class that is going through challenging times that every asset class experiences. Unlike some people that throw around millions of dollars they gained but no in-depth knowledge of the asset class

But I think you are taking it too personally. Let people say whatever they want to say. It’s normal for people to be skeptical of asset classes that they do not understand. But please don’t stop the analysis that you drop every now and then. Some of us learn about the asset class from your posts

Gracias... Good to know people pick up stuff from posts given I largely stay off crypt0 discussions here..I will still post thoughts from time to time.... It's good having healthy discussions around different assets.

Perhaps, I was a bit emotional with some of my responses.. Was a red but healthy week in crypt0 and it was annoying seeing folks who have been waiting on the sidelines to say I told you so (rather ignorantly)... Think I was triggered and went on a rant.... Well weekend is over... New week, new focus....

stevemims:
So, one thing we can't take away from Emma and other active members here- their analyses and ideas based on practical experiences are top-notch. That said, I agree with Lazyyouth on being guided with how we paint this Crypt0 narrative, I.e., by just putting money and wait for it to rise without understanding the intricacies that shape the market. However, this investment through blockchain hasn't been unpacked enough. Tobex and Jedisco/jidesco, would it be okay to quote you on a dead thread for more info? Thanks.

You could quote me here, on the crypt0 thread or any thread of your choosing....

But if it's on the economics around crypt0, personal research will usually answer most of your questions....

Still on crypt0....

I note a number of arguments have been partly put against it here. This snapshot from an article by Goldman Sachs in 2020 summaries most of the arguments put forward against crypt0....and arguing against it being an asset class.

Same Goldman Sachs in 2021 are soon to publish an article arguing for and actually classing crypt0 as a new asset class... (Reminds me a bit of myself)

I'd post some snapshots here but should be a good read for those interested in the workings of the space....

Two things to note from the snapshots are:
1. 90% of all bitc0in that would ever exist has already been issued... Out of this, a small but significant percentage is lost.
2. The supply of bitc0in is cut in half every 4 years...
In essence, it's deflationary...as demand grows, supply reduces.


In summary, I'd argue against the consistent back and forth here regarding crypt0... At this stage of its existence, one of two things can either be true about crypt0 viz-
1. It turns out to be the greatest ponzi scheme known to man- one that lasted over a decade, managed to hoodwink lots of both regular folks and institutions in different continents, one that made Governments enact rules governing its trade and taxation (after being unable to ban it) and various central banks look into further utilisation... Would be one hell of a scheme..

2. That in some way still brewing but not as clear to us now, it'd play a huge role in shaping finance and transacting in future years just like the internet did with communication....

It's obvious what side of the bet I've taken... Would be a good one to watch how it pans out

Please does anyone have an idea of salary package of a councillor, I am thinking of trying out if the salary is lucrative.

Diyke4rich:
Please does anyone have an idea of salary package of a councillor, I am thinking of trying out if the salary is lucrative.

70k

Wall Street and Investment Bankers have gone wrong on several occasions through the exotic financial products and bubble assets they endorsed, most of the global financial crisises are caused by Wall Streets and Investment Bankers, they have nothing to lose they will always be bailed out by government through tax payers funds.

Two things I'd like to note though I didn't want to go get into initially....

First is comparing cryt0 to margin trading (noted on some pages back) which I think is quite odd... Margin trading similar to derivative options are a seperate entity from crypt0. One can margin trade virtually any asset be it spot, stocks e.t.c. They existed long before the first bitc0in was mined and even if bitc0in goes into extinction, they'd still exist.
Would I be classed as a margin trader simply cos I decide to buy stocks or buy gold or virtually any other asset with seperate derivative options.

For those unaware, margin trading in simpler terms is equivalent to taking a loan with smaller collateral to buy larger amounts of an asset that you wouldn't have been able to abinitio based on certain set conditions... It can be done on virtually any traded item... In theory, even things as simple as buying tomatoes from the north can be margin traded with the right facility.

The pros and cons of margin trading is up in the air for those interested as it's not something I engage in. But then, the liquidity such brings to a market is unrivalled. That's simply because some larger players would not invest in a market if they don't have the option of hedging their positions. Same way, when not properly regulated, it can also be disastrous just like with the 2008 crash. The NSE for example has been trying to get derivatives put in place for a while to boost liquidity. If that occurs just like you have in other stock markets, would that make those invested in spot stocks derivative traders?

Summary, is that trading margin or other derivatives has nothing to do with crypt0... As a matter of fact, there are more derivative options in traditional markets than in the relatively new crypt0 space.

Second point is my principle of approaching stuff from a non-determininalistic viewpoint.

First the narrative here was that all crypt0 investors are conmen or yahoo boys then it moved on to similar narratives and more and more of such...
That has been my trigger point here on many occasions...

There are multiple downsides to crypt0 (just like on any asset) which is I'd be the first to admit. That's why I have never gone advising anyone to get into it.

The point I've always stressed on this thread is simple.. if I'm going to argue against an asset, I'd do it from a position of knowledge not ignorance or a pre-determined appeoach.... I believe in having a diversified portfolio... And just as I'd argue the pros and cons of say buying land is same way I'd do that for stocks, metals, crypt0 e.t.c... but I usually limit my discussion to stuff I know something about (and preferably have owned or traded).

For example, I'd always say that before I put a kobo into any asset/market, I want to see its performance over a period of time... preferably upto a decade or more...That holds true for anything I do and let's me view stuff without bias

Monetary Policy Committee meeting starts today, what should we expect

Reduce interest rate maybe...

emmanuelewumi:
Monetary Policy Committee meeting starts today, what should we expect

ojesymsym:
Reduce interest rate maybe...

I don't think so, rates will remain the same

What are the characteristics of bubble assets?

Let us share our thoughts

Is that not what they have done at the last 3 meetings?
A lot of things have been stable for a while now so my naive economic minds things it is time to tweak one small thing a little.

emmanuelewumi:


I don't think so, rates will remain the same

It's @Feelamong's birthday today. I am sure many of us have been richly blessed by this thread he originated. Let's spare a moment to wish him well.

I wish you plenty of God's blessings today and always bro. Your best days begin from now. Happy birthday!

Etfash:
It's @Feelamong's birthday today. I am sure many of us have been richly blessed by this thread he originated. Let's spare a moment to wish him well.

I wish you plenty of God's blessings today and always bro. Your best days begin from now. Happy birthday!

Happy birthday, Feelamong.

Etfash:
It's @Feelamong's birthday today. I am sure many of us have been richly blessed by this thread he originated. Let's spare a moment to wish him well.

I wish you plenty of God's blessings today and always bro. Your best days begin from now. Happy birthday!

Wow...! Happy birthday @Feelamong! Wishing all the good things you desire from life.

Tranquility2345:
Please is this the treasury bill thread or am I lost

This thread has really been derailed. The mods need to do something to bring sanity back. Imagine having to go back 10 pages just to get meaningful information on TBills
I used to enjoy coming here every day for useful info but now, it's just multiple pages of unnecessary argument.

21 years old arraigned for N2 billion fraud and Ponzi scheme.

Highly respected Business Day newspaper referred to him as a disruptor of the investment banking space.

emmanuelewumi:
21 years old arraigned for N2 billion fraud and Ponzi scheme.

Business Day newspaper referred to him as a disruptor of the investment banking space

Hello, is there any way I can contact you ? I would love to ask something.

Afromentalist:

Hello, is there any way I can contact you ? I would love to ask something.

Mention me on a dead thread

AlphaLion:

Thank you jare.

Don't mind that full.
He only comes here to clog the thread with inane and dumb-brained posts about how Nigeria is fInIsHeD. He has never contributed anything sensible here even if na by mistake.
Since the country no go beta, then wetin him still dey find here? Go to travel section and join like-minded people there to postulate.
Leave this thread for intelligent posts abeg.

I hope this is not for me

emmanuelewumi:
21 years old arraigned for N2 billion fraud and Ponzi scheme.

Highly respected Business Day newspaper referred to him as a disruptor of the investment banking space.

Invictus Obi was on the FP of Forbes or so until FBI hand touch am

emmanuelewumi:
21 years old arraigned for N2 billion fraud and Ponzi scheme.

Highly respected Business Day newspaper referred to him as a disruptor of the investment banking space.

I remember when I mentioned here how foolish it is to give money to some small boys to invest and some idiots here were insulting me. How can you look at a 21 year old boy and give him your money to go and invest? That is even worse than stupidity.

Na the idiots wey dey give their life savings to some of those fintechs with inexperienced small boys claiming to be expert investors that can make above market returns I dey pity. Premium tears loading......

Lazyyouth4u:


I remember when I mentioned here how foolish it is to give money to some small boys to invest and some idiots here were insulting me. How can you look at a 21 year old boy and give him your money to go and invest? That is even worse than stupidity.

Na the idiots wey dey give their life savings to some of those fintechs with small boys claiming to make them high returns I dey pity. Premium tears loading......

What these disruptors will cause eehnn, we are paying huge premium for the valuation such assets and businesses

emmanuelewumi:
What are the characteristics of bubble assets?

Let us share our thoughts

Bubble assets are usually volatile.

The prices increase as a result of greed and optimism, not because of the earning ability and growth of the earnings of such assets.

They need to get more greater fools to join the train

Income or earnings of such assets does not justify the prices of the assets.

More than 98% of people who hold such assets hope to make money from the capital appreciation of the assets

They create money out thin air for the piooner or early buyers of such assets.

On the long run more than 98% of the buyers of such assets will lose money.

Buyers of bubble assets have no regards for risk management, a good number invest substantial percentage of their networth on such assets.

It is common among those who want easy money and people who believe in miracles.

emmanuelewumi:
21 years old arraigned for N2 billion fraud and Ponzi scheme.

Highly respected Business Day newspaper referred to him as a disruptor of the investment banking space.

https://www.nairaland.com/6570140/60-roi-dominic-joshua-ngene

MPR maintained at 11.5%

Oga Emma
@emmanuelewumi .Any thoughts?

With FBN MMF @ circa 6.5%, time to port reserves/emergency fund from VGIF to FBNMMF.

Emndy:
MPR maintained at 11.5%

Oga Emma
@emmanuelewumi .Any thoughts?

With FBN MMF @ circa 6.5%, time to port reserves/emergency fund from VGIF to FBNMMF.

You need to hold your VGIF for 6 months to avoid penalties.

4.5% by VGIF is the minimum, you should expect an additional payment at the end of June