emmanuelewumi:




Politicians will rather buy real estate instead of stocks or starting a business.

Easier to hide ill gotten wealth by buying real estate

Streetinvestor2:
why did you say that.How about if they are buying shares via proxy and different vehicles not linked directly to them.We have see individual claiming majority share holders via baxk doors in companies

emmanuelewumi:




What are you going to do with your loot, people who sold Dangote Sugar at N60 came back to buyback at over N70.

Fundamentally, UBA is still going places. N45 is more like it for UBA and N60 for GTB and Zenith Bank

debeey87:
Selling gtco to buy access after last earning season must have been one of the best portfolio rebalancing I have done. Sitting on additional profit I would have lost had this bull season caught up with me in gtco. Dividend yield is better too.

For all the senior men and bros wey de give better update for this thread, una wehdone. May your pot of knowledge and wisdom never run dry.

@currentprice, no deactivate like oracle do o. I don't follow you enter that crypto thread. After here, we muuve to the bull season for that side

emmanuelewumi:
All Shares Index closed at 87,971. It only needs to increase by 3% to get to 90,000.

emmanuelewumi:



Very few stocks are liquid on NASD.


Afriland Properties

Niger Delta Exploration

CSCS

Friesland Wamco

Coolcash1:
Still looking for cheap banking stock to buy, consider StanbicIBTC and thank me later.

However, massive correction might begin end of the month as majority of the stocks are crazily overbought.

Stay on guard!

Mpeace:
Seplat holders, its another 10% today. Up by 210. Tò 2310
Its slow but steady for us.

emmanuelewumi:
All Shares Index closed at 87,971. It only needs to increa se by 3% to get to 90,000.

megawealth01:


Yes ooooo... From #150+

essentialone:
I don follow jump comot from WAPCO. I know it still has some good upside, but the can come to a sudden halt, and remain like that for months, just like Guinness and MRS.

Ginalex:


Good evening sir.

Trust you had a great day.
Please could you be so kind to point me to a NASD thread? I'm curious to learn and know how it works. Thank you

emmanuelewumi:




Better to diversify into fixed income or Eurobond investment.


Forget all the land banking and speculative real estate investments.


If you must do real estate make sure it is commercial real estate and not residential, don't tie down more than 40% of your networth on it especially if your networth is less than N100 million.


My opinion though

yMcy56:
NB and GUINNESS seems to have join this race.....

The kind funds entering NASCON ehhnn
N2.45bn as at now....

megawealth01:


With whose signature?

Wiseoldman:
My people, I've booked in 90%+ in: Fudelity, ETI, Wapco, Access...

I'm trying to decide whether to wait, for dividen, or run with my kaya...

If only I could see the future...

emmaodet:


But eurobond is about 6-8% interest per year which is not encouraging

emmanuelewumi:




Politicians will rather buy real estate instead of stocks or starting a business.

Easier to hide ill gotten wealth by buying real estate

rockar:
I Use Trove. Trove sucks most of the time. Can anybody recommend the best trading app for Local and international stocks?

emmanuelewumi:
All Shares Index closed at 87,971. It only needs to increase by 3% to get to 90,000.

agbekoya:

Trove has its challenges but I continue to patronize Trove alongside my two other stockbrokers because of a benefit it offers that the other two does not. On the Trove trading platform you can set limit for sales or buy mandates at very distant figures from current price level. For example while the market price was about N8 I set a sell mandate for UBA at N23 (about 300% up) and forgot about it just recently it hit target and boom which I did not anticipate will be so soon at the time I set the mandate With most other stockbrokers the maximum distance to current price is restricted to 10% differential. Not promoting Trove but presenting my experience, However the global market which is their flagship is something I don't use as I have far superior option that is not readily available to most Nigeirans

emmanuelewumi:




Not bad when you consider currency devaluation.


Assuming Naira to dollar about 10 years ago was N300.

N1 million would buy $3330, growing by 5% would have grown to $5400 which is now equivalent to N7 million.

You also have an investment that is acceptable as collateral security.


I gave someone on this thread a contact at United Capital in the first week of December 2023 and was able to get a loan and account credited in less than 12 hours.interest rate at 20% per annum

He used the loan to buy Dangote Sugar shares at N57 it closed at N81 yesterday.


Assuming the loan was N1 million. He would have bought 17100 units, accumulated interest in the last 5 weeks is about 20k.


If he decides to sell today in order to liquidate the loan and interest, he would have sold for N1.35 million. After paying the principal of N1 million and interest of 20k, he would make a profit of 330k using other people's money.


Whereas the loan the investor got was far more than N1 million.

agbekoya:

Trove has its challenges but I continue to patronize Trove alongside my two other stockbrokers because of a benefit it offers that the other two does not. On the Trove trading platform you can set limit for sales or buy mandates at very distant figures from current price level. For example while the market price was about N8 I set a sell mandate for UBA at N23 (about 300% up) and forgot about it just recently it hit target and boom which I did not anticipate will be so soon at the time I set the mandate With most other stockbrokers the maximum distance to current price is restricted to 10% differential. Not promoting Trove but presenting my experience, However the global market which is their flagship is something I don't use as I have far superior option that is not readily available to most Nigeirans

defebe:
Shey u no go give me you contact like this make me self borrow some money add to my portfolio

defebe:


Hope you know with TROVE you don't have a CSCS account in your name. I used Trove till 2022, at a point I asked them for my CSCS details, the moment they said my investments are not tied to my individual CSCS account, I sold all the shares I had on the platform and moved to a real stockbroking firm..To credit me my funds took them 3 weeks after I initiated withdrawal, with serious mails and threat ooo.

emmanuelewumi:



Very few stocks are liquid on NASD.


Afriland Properties

Niger Delta Exploration

CSCS

Friesland Wamco

emmanuelewumi:




Politicians will rather buy real estate instead of stocks or starting a business.

Easier to hide ill gotten wealth by buying real estate