Willie2015:


First, How many folks can afford to cough out =N=300k in 1999 ? A good short term player make well over =N=50m for same 17yrs period.

I dont think I am willing to stick out my neck for any coy for 17 years, too much risks and uncertainty. Nestle is just one tough -lucky damn stock on the NSE that had consistently performed in terms dividend and cap appreciation.

Honestly, how many blue chip stocks on the NSE can match Nestle performance? Ask those folks that bought FBN around =N=33/Share and still holding, ask those folks that bought UBA at =N=37, ask those folks that bought Oando =N=125/share and still holding .... Ask shareholders of Oceanic, Intercontinental, Cadbury, etc etc etc.

I always smile when some advocate of long term holding always quote Buffet in support of their analysis, Nigeria is a different ball game where coys executive are too greedy & involved in sharp practices. I have learnt to lock my profit as soon as they appear and cut losses as soon as they emerge.

manie:
. Show me an average teacher, civil servant, lecturer, journalist, lawyer etc who has a minimum of stocks valued at N50 million and above excluding his/her real estate investment, there a 70% probability that such a person is a long term investor.

My Dad was angry at me the first time i told him about the JIJO concept . He kept saying you children of nowadays are impatient.

OBAGADAFFI:


You are Right most of them are long Term investors.

These people just buy shares and keep for the future, they even transfers it to their children.


My Dad was angry at me the first time i told him about the JIJO concept . He kept saying you children of nowadays are impatient.

OBAGADAFFI:


You are Right most of them are long Term investors.

These people just buy shares and keep for the future, they even transfers it to their children.


My Dad was angry at me the first time i told him about the JIJO concept . He kept saying you children of nowadays are impatient.

jp130:
I had a dream last nite wher person giv ma dad 4000 units of dangote cement. Wat amazed me is dat i was so hapi dan ma dad. I really hop for a fruitful month.

Willie2015:
I always smile when some advocate of long term holding always quote Buffet in support of their analysis, Nigeria is a different ball game where coys executive are too greedy & involved in sharp practices. I have learnt to lock my profit as soon as they appear and cut losses as soon as they emerge.

Coolcash1:

Tripple Poka for you...To summarize, uncertainty of consistent business performance and continuity including unstable government economic policy makes holding stock for long period undesirable...

manie:





I know a couple of people who could cough out 300k and above on cars, vacation, clothes, partying, clubbing etc in 1999 who are now in penury. I also know average guys who earned about 120k per annum in 1999, who are now controlling multi million net worth and assets through hard work, discipline, focus, long-term planning and investment, forward thinking investments decision, daring to be different and God's grace.

Being a long term investor does not mean you invest and go to sleep. I bought Unipetrol now Oando in 1994 when I was a student in the University but sold in 2013 when I lost confidence in the ability, sincerity and integrity of the managers.

mercylicious:
The only stock DT can go long term in my portfolio is d stock I can't sell. Like investment and alliance, etc

Also investments DT I've lost d certificate like lotus capital halal fund DT was packaged for us like stock.

I don't trust stock MKT , so I keep moving my money to real estate which is more stable when it gets to a certain threshold.

DeRuggedProf:


I trust you to have critically lectured him that its a way of technically 'flying without perching' since the various managements have developed guaranteed ways of destroying log-term investments without 'missing'....Tell him if he had grown up in your generation, his money would have been used to DEVELOP CARS THAT RUN ON WATER.....(Bank PHB)....

You will see them struggling for overpriced Rights Issues, as if they're not paying for it.

debeey87:
Madam, Is Vitafoam owing any bank loans of any kind?

Elai147:




I could not agree with you more. Most BnSiTL know that I was more of a long term investor even though I do short term trades. But after after doing a lot of research and calculations, I decided to settle for the latter. Nigeria is not a country where you invest for long term and expect to sleep peacefully or with both eyes closed as is expected in a normal economy. For me, apart from Nestle, and maybe Dangcem, I don't see any other stock that is worth the risk of a long term investment in the NSE. If I want to be careless I may include GTB, NB and TOTAL PLC. As a short term investor (I'm not talking about JIJO), if you know your technicals very well and, you are disciplined, you will definitely be more successful than a long term investor (as long as the investment is done in the NSE). My only advice for those who still believe in Long Term is that when doing due diligence, they should always remember to include corruption and uncertainty to their DD instead of just relying on figures and ratios in some annual reports of some companies managed by corrupt officials in a corrupt country.

OBAGADAFFI:



Our old soldiers don't like taking lectures from the new generation.

They accept everything these management throw at them.

You will see them struggling for overpriced Rights Issues, as if they're not paying for it.

He learnt the hard way, when he wanted to sell off his Dunlop shares and the broker keep telling him nobody is buying because company is no longer functioning well in Nigeria.

You need to see drama .

But our generation seem to be smarter and profit oriented.

godlyguy:
The bulls for Skye Bank in the weeks ahead won't have break ooo as CBN has stylishly taken over the bank and has it recapitalized with N101 billion... When coded GOVERNMENT officials own a large interest in you, the result is what SKYE will become... Don't rush into Skye oooo as the smart ones are now fully loaded, the remaining units up for grabs is for the runz guys in the market... I will quietly leave Skye when its ripe time and upgrade to something far better... I don't love any stock, I invest to multiply my streams of INCOME... I'm observing and gathering info on my next move @AUGUST...Please, don't follow my path as I don't recommend picks for people, I'm a really big smart guy who knows the game too well... END of QUOTE
THE BIG SMART GUY

I'm a really big smart guy who knows the game too well... END of QUOTE

ibe9ja:


Bros abeg SHUUUUUUUT UP.



U are looking for PM from gullible investors so that u can scam them abi. Yeye dey smell.

PETERiCHY:
Since CBN head don finally correct.

I've made my first purchase of the year with my forex loot.

loaded some FBNH @t give away prices.

And ready to bail out during dec/Jan rally.

*ThE OcToPuS*

Godisfaithful:
Happy New Month to all our brothers and sisters in this forum. In this Month of August 2016, the Almighty God will make us experience uncommon favor and endless breakthrough. The 'very good' things our heart desire shall be fulfilled in this month. Our expectations in this new month shall never be caught short or off. Our dear country Nigeria shall continue to enjoy the extraordinary grace of God, and the good Lord will look into our sufferings and heal our wound and land. Let's remember, everything shall end in joy and happiness against all odds. Happy New Month everyone!