Toluway:
With a sublime cool and mature temperament, Emmanuelewumi, with the financial thesis and momerandum that he handed down this hour, has has proved his metus as a financial and investment guru of no mean other, whom any forward looking and dynamic economic intellectual should appreciate and aplaud without necessarily sharing his views.
It would be a rewarding enterprise for humans to jawjaw to learn instead of taking a piece of intellectual discourse as a wrestling championship duel.
My own opinion.

Toluway:
With a sublime cool and mature temperament, Emmanuelewumi, with the financial thesis and momerandum that he handed down this hour, has has proved his metus as a financial and investment guru of no mean other, whom any forward looking and dynamic economic intellectual should appreciate and aplaud without necessarily sharing his views.
It would be a rewarding enterprise for humans to jawjaw to learn instead of taking a piece of intellectual discourse as a wrestling championship duel.
My own opinion.

emmanuelewumi:
Should we be looking at another 20% gain in 2024, which will push the All Share Index to about 90,000.


It is very possible, our stocks are still cheap, with the current inflation and currency devaluation. Naia denominated assets will be repriced going forward

Agbalowomeri:


My prediction is that we will rapidly attain that in January and thereafter a very long bearish market

phadriz:
I'm not bragging as well, I just give my kobo advise. On Femi Ote$ finger burnt. In 2006 African Petroleum (AP) was trading 300 - 320 per share, 11 years after how much did he sell FO to Adrova Plc. That is an example of finger burning. Even Elemelu self don chop his fingers in the past. Elon Musk self dey chop. No body can always beat the market, forget all these paper analysis you guys do. A smart investor focus on trading with objective of capital appreciation and not dividend.

Agbalowomeri:


Your grammar is too much senior Tolu

Agbalowomeri:


Your grammar is too much senior Tolu

Agbalowomeri:


My prediction is that we will rapidly attain that in January and thereafter a very long bearish market

Toluway:
With a sublime cool and mature temperament, Emmanuelewumi, with the financial thesis and momerandum that he handed down this hour, has has proved his metus as a financial and investment guru of no mean order, whom any forward looking and dynamic economic intellectual should appreciate and aplaud without necessarily sharing his views.
It would be a rewarding enterprise for humans to jawjaw to learn instead of taking a piece of intellectual discourse as a wrestling championship duel.
My own opinion.

Agbalowomeri:


My prediction is that we will rapidly attain that in January and thereafter a very long bearish market

debeey87:
A 36yr old with rental income of 2m annually, monthly salary of between 900-1m after tax. $50k(total portfolio valuation) in crypto and $20k in dollar mutual fund, over 20m in paper profit from ngx shares but pays rent.

If this were you, would liquidate any of this asset class to purchase a home or continue to grow your networth

Agbalowomeri:


My prediction is that we will rapidly attain that in January and thereafter a very long bearish market

toyeoye:
I can smell maturity in @emmanuelewumi

emmanuelewumi:



Someone with a property worth N90 million getting a rental income of N4 million per annum. He got a loan of N9 million to buy a cheap land that he will pay back in 3 years or less.


Will you advice him to sell his property in order to buy the land because he doesn't want to be foolish.

Second quarter of the year, I borrowed against my Eurobond Fund investment with United Capital when Naira to dollar was less than N900 by the way it is now over N1200 to a dollar.


Bought more of Dangote Sugar at average price of less than N25.

The Eurobond Fund Investment is up, the target Investment is up. I have paid down 80% of the fund using Investment income.


It is very possible to always eat your cake and have it.


By the way Ololo of Falcon Securities was used by the former CEOs of some failed banks to perform miracle on their stock


If the Investment income from the portfolio does not make sense, one needs to be careful.

What is the Investment income from Omatek, Oando and some stocks, that does not mean some gamblers can't make money from them, it is better to create a sustainable system that will continue to generate investment income, before thinking of borrowing against future income that will be produced by the portfolio

gare2510:


If you build a house for say 20m and another person invest in FGN bonds at 15 per anum, he gets 3m annually he can pay his rent with 1.5m and keep 1.5m for other investments. I personally will recommend investing first then build later from proceeds of investment especially if the building is for personal residency. In building you tie down both the value of the land and the money used in building.

AIT1:


Boss, please can you direct me on how to trade Eurobond? I wish to invest in it from next year.

Kreos44:
Oluwa mi,ero
Ero pese

emmanuelewumi:






The koko is passive income or Investment income that is more than 300% of his rent.




Anything can happen to salary.


Since his passive income or investment income is about N6 million and his rent is about N1 million.


I don't think he should rush to build a house.

He will spend about N20 million or more to buy an apartment just to avoid paying a rent of N1 million per annum,

Trojan8:
Someone says he takes loan based on careful analysis of the market. You don't know his asset size or anything about the person, but you spend more than an hour telling them how people have been burnt in the past and whatnot. Did he tell you that there's any issue servicing the loan if it goes south? Then there's another clown typing in pidgin just to gain attention, someone nobody gave him a single reply.

Please, let's keep posting quality stuff. I must max out my portfolio in the coming year. Thank you.

hayyawithme:



Let the young man Japa. With all these what is he still doing in Nigeria? He can go to UK and Canada for his masters and there after behind.

hayyawithme:



Let the young man Japa. With all these what is he still doing in Nigeria? He can go to UK and Canada for his masters and there after behind.

Streetinvestor2:
Guy na now I sabi you know nothing about stock. I sold my forte oil at 290 which I bought at #30. So forte oil which was ote company traded at #300 plus.And ote latter sold off the business @ #65 means he burnt his finger.Are you for really. At what price was it listed or what price did he buy the company. .What was other benefits he made as the chairman of the company .I hope it was not cashcraft you worked in because those guys na minus when it comes to investment advice.
Oga ote did not get his hands burnt in forte rather him hammer for thr,lol

agbekoya:


Ha cashcraft where I paid expensive school fees, though I have recovered and move on just can't forget them

crownprince2017:
At oga Emma, kindly help explain how to invest in eaurobond. explanation for a novice.

Are you still buying dangote salt and sugar at current price?

Thanks for all yoIu do.

emmanuelewumi:




You don't trade Eurobond, you invest in it. It is good for diversification,


The Investment returns between 6% to 10% per annum in dollars and also hedges currency devaluation risk. Meaning your $1000 valued at less than 500k in January 2023 is now between $1050 $1100 valued at between N1.3 million to N1.35 million

You can access 85% of the official exchange rate equivalent as a Naira loan at 20% per annum from UC Plus Advance Ltd a subsidiary of United Capital

rmx:


Correction . 1000$ in January 2023 was around 750k not 500k

Expecting some sort of stability with the exchange rate in 2024 after all the shocks and chaos of 2023 , But am always battle prepared for all eventualities

Toluway:


I think the bear might come after 2023 company dividends have been declared, which is usually around March. I think investors would like to get their 2023 full year dividends before they begin to japa; if they would.
However, some prominent members of your fellow guru club think the outlook for 2024 would likely be bullish.
Whatever be the case, our finance experts here are intelligent enough to start studying the terrain right as from late January
in order to be able to suggest the trajectory for the later months of 2024.

As for me and my family, we are earnestly waiting for listing of NNPC Limited and Dangote Refinery in Nigeria Stock Exchange Market, come early/mid 2023
In God we must trust.