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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11719867 Views)
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Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 9:28am On Jan 21 |
emmanuelewumi: You are right, thank you. 1 Like 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:31am On Jan 21 |
ositadima1: I love that say you don humble teh teh, we can't speak with 100% confidence about the stock market it is always good to make provision for 30% error even if we are 100% certain based on historical data and market performance 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 9:38am On Jan 21 |
In business and Investment, we pray for the best, plan for the unexpected and prepare for the worst. That is Risk Management 15 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:15am On Jan 21 |
currentprice: Mercy is on another level. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by chibaby1985(f): 10:29am On Jan 21 |
Agbalowomeri: |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:30am On Jan 21 |
ositadima1: Was in this dilemna earlier last week. I averaged UCAP below #3. Enjoyed the did year in year out. With the current capital appreciation, I was torn between your options above. My decision. I split my holdings. Took some money off the market and expanded my business offline. (I am 2006-2008 market crash survivor). 8 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:32am On Jan 21 |
emmanuelewumi: I've always valued your opinion and this was in line with my decision. May we see more wise elders like you in this market. 8 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:34am On Jan 21 |
Agbalowomeri: We'd be back. At least when the pull back dips enough to staggered entry. |
Re: Nigerian Stock Exchange Market Pick Alerts by 1kinggy(m): 10:35am On Jan 21 |
ositadima1: What?! |
Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 10:38am On Jan 21 |
chibaby1985: While other billionaires have their wealth mostly tied up in businesses, real estate, complex investments, sports teams, and artwork, Hwang’s $20 billion net worth was mostly liquid; that is, not tied to tangible businesses. The summary of the story , diversification, diversification 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by chibaby1985(f): 10:41am On Jan 21 |
rmx: I keep saying it here but people don't seems to get anyways 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by chibaby1985(f): 10:42am On Jan 21 |
1kinggy: He is a wise man 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:43am On Jan 21 |
1kinggy: Lol, I believe Pa Emma has rightly corrected me in the following post. What I meant is that if the initial investment is 1 million naira, then the dividend would be 770k (77%) at a share price of 2 naira. Fixed interest rate of 13-14% would provide a higher return of 1.2 million naira on current value. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 10:50am On Jan 21 |
rmx: Wrong. Because his creditors would have still liquidated his assets to recover their money, regardless of diversification. I'm not saying diversification is bad oo. |
Re: Nigerian Stock Exchange Market Pick Alerts by chibaby1985(f): 10:57am On Jan 21 |
ositadima1: Not possible... Not all his assets... Ask Oba Otudeko 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:00am On Jan 21 |
rmx: Money Market Fund, cash and fixed income are also liquid, I guess his networth was tied to market value of his highly speculative stock positions I shared the story of the guy whose N30 million portfolio turned to N2.5 million at a time when Naira to dollar was about N120. If he diversified into cash, real estate, personal business and other cash producing assets he would not have been badly hit. Someone said networth is a lousy metric and cash flow is far better. I guess that contributed to why Warren Buffett is the longest member of the Forbes list. Being there for decades. Networth fuels the ego, cash flow fuels the yatch, jet and living expenses 15 Likes 2 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:02am On Jan 21 |
chibaby1985: You are right, shelf companies and overseas assets may be out of reach, but any substantial assets he owns in the USA, he would be forced to vomit. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:10am On Jan 21 |
emmanuelewumi: But it is like you didn't read the story in full. He was massively in debt, his positions were highly leveraged with several bank loans. Diversification would not have saved him, rather he should have eased on the loans. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:10am On Jan 21 |
ositadima1: Networth is total Asset minus total debt. Look at 2 people with a networth of $20 billion. Investor A: Total Asset 45billion, Total liability 25 billion. Networth/Net Asset 20billion Investor B: Total Asset 160 billion, Total liability 140 billion. Networth/Net Asset 20 billion.. Investor B is highly overleveraged. A 20% drop in the value of his total asset will bring him to bankruptcy. 10 Likes 4 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:15am On Jan 21 |
Despite his "baggage", Hwang would soon become the bride of banks again as many of them were reportedly eager to lend him enormous sums of money as Archegos piled up winning trades and emerged an investment sensation. Archegos's portfolio included Amazon.com, Facebook, LinkedIn, and Netflix. In due course, with loans from various banks, Hwang built Archegos was in charge of a staggering $100 billion portfolio. Hwang's net worth rose to $20 billion. According to Bloomberg, at its peak, Hwang’s wealth briefly eclipsed $30 billion. -- Copied 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:19am On Jan 21 |
ositadima1: He was over leverage, the cash flow from his leveraged position could not service his loan. We call something pyramiding, after making money from a margin loan the trader will apply for higher loans using the increased value of his portfolio. I am sure he also used pyramiding to grow his portfolio. The faster the acceleration of a portfolio value, the fall of the portfolio value will be twice as fast. As Christians will say " The Lord giveth, the Lord taketh glory be to the name of the Lord". To this guy, we can say " The market giveth, the market taketh glory be to the Almighty market". The market has a way of humbling those who think they are smart 3 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:38am On Jan 21 |
But losing $20 billion in 2 days get as e be. I love NGX as in you can't gain or lose more than 10% in a day. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:44am On Jan 21 |
emmanuelewumi: However, in late March, after shares of ViacomCBS plummeted, banks demanded their money from Hwang's company, Archegos. As Archegos couldn’t pay, they seized its assets and sold them off, eventually wiping off Hwang's $20 billion net worth. -- Copied. The whole story is in the link provided - are we afraid to follow links? 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:51am On Jan 21 |
I drank agbo and ogogoro well well, yet my eyes clear pas una this morning, watin happen? |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:54am On Jan 21 |
ositadima1: I read it, that was a margin call. Part of what was used in the calculation of his total assets was the market value of his stock position, with a highly leveraged position a 10% drop in the portfolio value can lead to a margin call. |
Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 11:56am On Jan 21 |
emmanuelewumi: Ok Sir, make I dey one side first, my eye never clear. |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 11:56am On Jan 21 |
We all know that majority of all these growth stocks don't pay dividends or the dividend yields are 1% and below 1 Like 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:05pm On Jan 21 |
We have 2 options during a margin call, either come up with more cash or you will be forced to sell your shares at the current market price 2 Likes 2 Shares
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Re: Nigerian Stock Exchange Market Pick Alerts by emmanuelewumi(m): 12:09pm On Jan 21 |
The guy must have used unrealized portfolio gains in getting more loans, in what is known as pyramiding 2 Likes 1 Share
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Re: Nigerian Stock Exchange Market Pick Alerts by chibaby1985(f): 12:32pm On Jan 21 |
ositadima1: That's TRUE |
Re: Nigerian Stock Exchange Market Pick Alerts by rmx: 12:47pm On Jan 21 |
ositadima1: Nah , you are wrong , said net worth , simply means the value of the stocks he had was more than his liability to the banks , at one time by upto 20b $ , till disaster struck and the value of Viacom shares plummeted and the banks came calling on his margin loan The lesson to learn is take profit and move to other asset class , don’t keep all your eggs in one basket, it clearly shows what other billionaires do . Each to his own , I don talk my own 6 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 12:48pm On Jan 21 |
ositadima1: What was the total losses for those who granted the margin loan? |
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