emmanuelewumi:



Investment is a marathon, you look at the business performance over a period of 3 years and above.

Speculation is for few weeks to months

Chai you sabi game ooooo

REMEMBERING THE BLACK ⚫️ MONDAY
The day my magnificent 7-stocks portfolio lost $12,500.00 - August 5th, 2024, a day I won't forget in my investment journey. It started like any other beautiful day; I was busy during the 'End Bad Governance' protest. My office was locked, and the protest was intense in Kubwa. While analysing the situation, I was reading Yahoo news when I came across a report that Tokyo and other Asian stock exchanges had lost 10% in early trade due to the Japanese government increasing interest rates. This triggered a contagious effect on NYSE pre-market trading.
As an investor tutored by NSEMPA, I started praying for the red day to continue for 10 days so I could exchange Naira for dollars. However, the risk of going to my Forex exchanger in Gwagwalada outweighed the benefit. At 16:30, when the New York market opened, my portfolio was deeply in the red. I didn't panic; instead, I was ready to ride the bonanza offerings of the 7 great institutional investors.
1. *BlackRock*: The largest asset manager globally, with over $10 trillion in assets under management (AUM).

2. *Vanguard Group*: The second-largest asset manager, with over $7 trillion in AUM.

3. *State Street Global Advisors*: A leading asset manager with over $3.5 trillion in AUM.

4. *Fidelity Investments*: A major asset manager with over $3.5 trillion in AUM.

5. *Capital Group*: A global investment manager with over $2.5 trillion in AUM.

6. *JPMorgan Chase & Co.*: A multinational bank and financial services company with significant investment management capabilities.

7. *Goldman Sachs Asset Management*: A leading investment manager with over $2 trillion in AUM.

I told myself I wouldn't exit my position by jumping in and out.
Fast-forward to when NVIDIA, the jewel in my magnificent 7 portfolio, tested $80 twice at the peak of the downturn dubbed Black Monday. I remained resolute and focused, wishing the bonanza could continue for at least 2 weeks. By August 6th, the recovery started, and today my $12,500+ paper loss has turned into a paper gain in surplus.
The moral of this post is never to panic. Expect red days; no one can predict the exact date and time. Institutional investors' algorithms are pre-programmed to run the market against individual investors. The weak hands are being shaken off, and would struggle to renter the market at premium.
The principle of investment is simple: exercise patience, follow basic principles as taught by the gurus, and generational wealth can be created.
Pic 1 portfolio today
Pic 2 to 4 Black Monday ⚫️ downturn.

Mankind2024:
https://nairametrics.com/2024/08/16/why-nigerians-should-consider-investing-in-u-s-stocks/

Let them know the risks involved too...

Before they will come for your head... American market doesn't have the 10% rule... A stock can do sudden high in a day and can turn terrible too...

Na American market gamblers full sef

megawealth01:


Let then know the risks involved too

Before they will come for your head... American market doesn't have the 10% rule

and the 100k units that move price

emmanuelewumi:



Actually sold my late grandma's house in January 2023.

I used my share to buy Nahco, United Capital, Dangote Sugar and Presco after rigourous research and analysis.

After buying those stocks, I then used them as collateral security which I used to buy dollar at less than N700 which was invested in United Capital Eurobond fund


I have grown my fund more than 250% within 20 months

Na so.
Time no dey!
Flight of Capital.
You must make your capital work for you.
U can't lock it down.
And keep hoping.

ololufemi:


Oga, you just dey use moniker deceive us for this platform. Which one be JJC wey you add to your name na? 😂

My oga, truly I be JJC as I joined this business/platform March last year immediately I finished from NYSC. I discovered here through cryptocurrency section and put all my time to reading and learning. Like I said, I had truly read all the pages here, so that is why I could say

Mankind2024:
https://nairametrics.com/2024/08/16/why-nigerians-should-consider-investing-in-u-s-stocks/

How and where do one start from?

I want to clarify that I am not the author of the Nairametrics article. Interestingly, I stumbled upon the article after sharing my own experience with the significant portfolio volatility on August 5th, 2024, also known as 'Black Monday.' For valuable insights, I recommend visiting the US Stocks Pick Alert, where you can learn from seasoned experts and gurus in the field
https://www.nairaland.com/5669161/us-stocks-pick-alert/438

MARKETJJC:


How and where do one start from?

emmanuelewumi:



Actually sold my late grandma's house in January 2023.

I used my share to buy Nahco, United Capital, Dangote Sugar and Presco after rigourous research and analysis.

After buying those stocks, I then used them as collateral security which I used to buy dollar at less than N700 which was invested in United Capital Eurobond fund


I have grown my fund more than 250% within 20 months

May I ask your advice on my real estate project? I have been building a block of 12 flats in a large State capital city at one of the most prime locations in the city. The current value of sunk costs including land is at least N400m given the recent inflation. As of today I need about N100m to N150m to complete it. It will fetch about N24m net in rent per year. I plan to complete in two years. Do you advice me to keep investing in it or abandon it and use the money in the capital market? For various reasons I can't sell the place. One of the reasons is that it will sell at huge discount as an uncomplicated building.

MARKETJJC:


My oga, truly I be JJC as I joined this business/platform March last year immediately I finished from NYSC. I discovered here through cryptocurrency section and put all my time to reading and learning. Like I said, I had truly read all the pages here, so that is why I could say

I had decided to ignore your type on faceless forum. You finished nysc last year for real.Go find out when ABU had a sole administrator called kotungora instead of vc .It is not really the fault of your type because it is called faceless. Your kind won't even be able to stand in my front and talk without being beaten to coma.It is faceless enjoy your freedom to insult .

emmanuelewumi:




Otunba Ojora don comot from Oando teytey. If you remember Ojora and Asalu took Wale to the court. They were not happy with the process that made Wale and co became the buyer of FGN shares.

When they lost in the court. Asalu advised his followers to sell their shares in the company but I refused and I paid dearly for it

Oga Emma, I understand your view I no fit argue that side and do not doubt them. You be Don for this stock matter and I throw salute to you. 🫡

However, those Babas wey still dey hold dem stock holdings no matter the dilution Wale did for them are part of the people selling those rights issue shares today.

MARKETJJC:



Guy, I thought you get head before but now it dawn on me that you are nothing but a quintessential buffoon. You buffoonery is legendary. Your nuisance value is actually becoming a nuisance

You can add more to here.It is faceless....2023 Corp member. If I show this to my son.He won't believe

I undertook a self-directed research project to investigate the hype surrounding real estate, with Abuja as my case study. The results revealed that financial market returns surpass those of real estate. Furthermore, purchasing land with a Certificate of Occupancy (CofO) is a more prudent decision than embarking on a real estate project with expectations of liquidity returns. The stresses associated with building construction cannot be overstated. While it may have been a lucrative venture in the past, financial assets are now the primary objective. Indeed, had you invested the initial funds in financial assets, you could likely purchase a completed building using the proceeds from those investments.

Raider76:


May I ask your advice on my real estate project? I have been building a block of 12 flats in a large State capital city at one of the most prime locations in the city. The current value of sunk costs including land is at least N400m given the recent inflation. As of today I need about N100m to N150m to complete it. It will fetch about N24m net in rent per year. I plan to complete in two years. Do you advice me to keep investing in it or abandon it and use the money in the capital market? For various reasons I can't sell the place. One of the reasons is that it will sell at huge discount as an uncomplicated building.

Mankind2024:
I undertook a self-directed research project to investigate the hype surrounding real estate, with Abuja as my case study. The results revealed that financial market returns surpass those of real estate. Furthermore, purchasing land with a Certificate of Occupancy (CofO) is a more prudent decision than embarking on a real estate project with expectations of liquidity returns. The stresses associated with building construction cannot be overstated. While it may have been a lucrative venture in the past, financial assets are now the primary objective. Indeed, had you invested the initial funds in financial assets, you could likely purchase a completed building using the proceeds from those investments.

Thanks. I agree 💯. But the reality now is that the building is there and a decision needs to be made on if it is wise to complete it.

Raider76:


May I ask your advice on my real estate project? I have been building a block of 12 flats in a large State capital city at one of the most prime locations in the city. The current value of sunk costs including land is at least N400m given the recent inflation. As of today I need about N100m to N150m to complete it. It will fetch about N24m net in rent per year. I plan to complete in two years. Do you advice me to keep investing in it or abandon it and use the money in the capital market? For various reasons I can't sell the place. One of the reasons is that it will sell at huge discount as an uncomplicated building.

Go complete it because you have gone far.If you leave it as abandoned building.You will be surprised in the next 10yrs you have not finished it.I am talking from expirence. Even if you decide to go back after making money from nse.You will still see more opportunity here with better return.Then after long you will not have interest to even put a dime in it.Finish then you can then decide to sell it Don't try abandoning it to come back unless you don't have fund.You won't believe when I start mine it was sliding windows that was the thing.I stopped without doing interior. Now how do I start changing to casement. I leave the thing go start new thing.I don't even know what to do with that particular building again. And to sell now.it will be price at serious discount

Streetinvestor2:
Go complete it because you have gone far.If you leave it as abandoned building.You will be surprised in the next 10yrs you have not finished it.I am talking from expirence. Even if you decide to go back after making money from nse.You will still see more opportunity here with better return.Then after long you will not have interest to even put a dime in it.Finish then you can then decide to sell it Don't try abandoning it to come back unless you don't have fund.You won't believe when I start mine it was sliding windows was the thing.I stopped without doing interior. Now how do I start changing to casement. I leave the thing go start new thing.I don't even know what to do with that particular building again. And to sell now.it will be price at serious discount

I do relate to your situation. I also took some years to reach it's current stage and already some of the external features, such as the concrete facial roof design, are out of date. Thanks for the advice.

Streetinvestor2:
I had decided to ignore your type on faceless forum. You finished nysc last year for real.Go find out when ABU had a sole administrator called kotungora instead of vc .It is not really the fault of your type because it is called faceless. Your kind won't even be able to stand in my front and talk without being beaten to coma.It is faceless enjoy your freedom to insult .

don't take it to heart bro but you know you bleeped/messed up cuz you were driven by selfishness and lack of empathy. You bought oando quietly and sold quietly and thereafter started shouting oando is bad and all that negative energy without number to back it up. That was done in bad Faith and you acted exactly like monkey Hunters that you do attack intermittently. That is where we had issue.

As for standing before you? I think otherwise cuz I fit match you without any lele. Gowon became president at 27years the same thing that Tinubu achieved at 72years .

So pack one side, you be otele

Mankind2024:
I want to clarify that I am not the author of the Nairametrics article. Interestingly, I stumbled upon the article after sharing my own experience with the significant portfolio volatility on August 5th, 2024, also known as 'Black Monday.' For valuable insights, I recommend visiting the US Stocks Pick Alert, where you can learn from seasoned experts and gurus in the field
https://www.nairaland.com/5669161/us-stocks-pick-alert/438

Alright! Thank you for that information

Streetinvestor2:
You can add more to here.It is faceless....2023 Corp member. If I show this to my son.He won't believe

Sorry! Father Methuselah

Raider76:


May I ask your advice on my real estate project? I have been building a block of 12 flats in a large State capital city at one of the most prime locations in the city. The current value of sunk costs including land is at least N400m given the recent inflation. As of today I need about N100m to N150m to complete it. It will fetch about N24m net in rent per year. I plan to complete in two years. Do you advice me to keep investing in it or abandon it and use the money in the capital market? For various reasons I can't sell the place. One of the reasons is that it will sell at huge discount as an uncomplicated building.

Why didn't you do it in phases. Eg complete 4 flats start earning income, then do another 4 flats.


I will advise you to complete what you have started.

Mankind2024:
I undertook a self-directed research project to investigate the hype surrounding real estate, with Abuja as my case study. The results revealed that financial market returns surpass those of real estate. Furthermore, purchasing land with a Certificate of Occupancy (CofO) is a more prudent decision than embarking on a real estate project with expectations of liquidity returns. The stresses associated with building construction cannot be overstated. While it may have been a lucrative venture in the past, financial assets are now the primary objective. Indeed, had you invested the initial funds in financial assets, you could likely purchase a completed building using the proceeds from those investments.

Your head dey there. I totally agree with you.

My maximum exposure to real estate can't exceed 25% of my net worth

Raider76:


Thanks. I agree 💯. But the reality now is that the building is there and a decision needs to be made on if it is wise to complete it.

Complete it. I don't like stopping Midway.


Next time it is always good to count the cost before embarking on a project.


There are a lot of uncompleted houses whose owners had to sell at giveaway prices.


It is very important to always consider cash flow and liquidity.

When building the maximum time frame should not exceed 2 years. My opinion though

Who are those buying properties at distressed prices, na highly liquid people.


A property of about N60 million was recently purchased from someone who will soon japa for N28 million.

Why? Because the buyer could make payment in less than 72 hours. The property was in the market for over 2 years

MARKETJJC:


don't take it to heart bro but you know you bleeped/messed up cuz you were driven by selfishness and lack of empathy. You bought oando quietly and sold quietly and thereafter started shouting oando is bad and all that negative energy without number to back it up. That was done in bad Faith and you acted exactly like monkey Hunters that you do attack intermittently. That is where we had issue.

As for standing before you? I think otherwise cuz I fit match you without any lele. Gowon became president at 27years the same thing that Tinubu achieved at 72years .

So pack one side, you be otele

Please, I advise you respect yourself.

Just ignore and pass..
for forum sanity..

emmanuelewumi:
Who are those buying properties at distressed prices, na highly liquid people.


A property of about N60 million was recently purchased from someone who will soon japa for N28 million.

Why? Because the buyer could make payment in less than 72 hours. The property was in the market for over 2 years

What state in Nigeria? If LAGOS, please what location?

It is always better for people to enhance and increase their earning abilities and income


When the earning ability and income is enhanced and increased, personal finance expert believe the cost of our primary residence ie where we live should not be more than our income for 3 years


Meaning for someone whose annual income is N12 million, the maximum cost of his primary residence should not be more than N36 million.

If such a property does not befit him, the option is for him to increase his earning ability

megawealth01:


What state in Nigeria? If LAGOS, please what location?

Lagos.

Idimu area

emmanuelewumi:
It is always better for people to enhance and increase their earning abilities and income


When the earning ability and income is enhanced and increased, personal finance expert believe the cost of our primary residence ie where we live should not be more than our income for 3 years


Meaning for someone whose annual income is N12 million, the maximum cost of his primary residence should not be more than N36 million.

If such a property does not befit him, the option is for him to increase his earning ability

Not really possible in some cities in the West unless on mortgage

emmanuelewumi:



Lagos.

Idimu area

Ok because someone bought a property for me which was valued for around 150m somewhere around gate (UNILAG area) few weeks ago

megawealth01:


Not really possible in some cities in the West unless on mortgage

Possible.


Household income. 3 times the annual income of the husband and his wife

Oga Emma, what do you think about fidson going forward based on their recent results.