henifri:
Has anyone invested on "Wealth Cash" on wealth.ng. They offer 10.5% P.A. on savings. wealth.ng is a subsidiary of Sankore investments which is SEC regulated.

SMJay:
How do you know they are regulated by Sec?

ahiboilandgas:
the last time i put my email out it was not easy ....continues mails from scammers,hookers to nuisance filling the inbox

SMJay:
Boss, Sorry about your experience.

A more private message platform is Telegram.

Kindly look into it.

Nigsrdumb:


Tested all of them, bamboo is the easiest to set up also the most technologically advanced, however no Nigerian stocks listed yet, it's also the easiest to top up, either with a foreign or local card.

Investnow has a robust platform with lots of investing options that makes it easy to buy eurobond, mmf, trust funds but it's clunky to register on it , the app has issues. No us stocks.

Trove has Nigerian and us stocks , easy to set up , simple interface but you have to upload kyc documents which isn't necessary with bamboo.
Topping up is also not as convenient.


I'm gunning for the bamboo app , hopefully they can add extra features in future.

OgogoroFreak:
I thought telegram works with phone number just like whatsapp?

SMJay:
How is Telegram better than Whatsapp
1. Unlimited server storage
Telegram provides unlimited storage. Means all your text messages, images media files & documents will be saved on their cloud. You can log out and log in any number of times from any number of devices simultaneously without losing any data, you don’t need to worry about backup & restore. You can view the active sessions and see on which devices are you logged in now. Thereby you can download any file any time anywhere.
2. Media compression
Users can choose whether to compress the image and video or send the uncompressed version.
3. Group member number capacity
A normal group capacity in Telegram is 2000 . But when this is reached the Group transforms to a Super Group with a capacity of 15,000. (A Super Group has some more features than a Normal Group)
4. Username feature
You can communicate with anyone on telegram even if you don't have the contact number of others. This ensures the privacy of the user’s contact number.
5. Channels
A channel is somewhat similar to groups, which can accommodate an unlimited number of members. The creator of the channel can decide who can post and other members can view the posts.
6 Multi-platform support
Telegram is available for Android, ios, windows phone, windows pc, Mac os, Linux os and even through any browser.
7. Secret chat
Secret chat is a kind of end to end encrypted chat in which one can set self-destruct timer. The messages will be automatically deleted when the timer hits. It is possibly not able to hack in any way.
8. Bots
It is a piece of program which is based on AI and machine learning at a small level. It can perform various tasks. For example, an image bot can fetch images from the name.
There are multiple types of bots. Popular bots are Image bot, sticker bot, gif bot.
9. Voice calls
The latest version of telegram supports voice calls.
10. Sends any kind of file
Users can send any kind of file through Telegram. Whatsapp limits video, images & document type files. This is not nice for advanced users.
11. Multiple sessions
Users on telegram can log in on multiple devices at the same time and able to receive messages on all devices.
They can remember their sessions on even browsers too. This is a cool feature.
Pros of Whatsapp
1. Voice & video calls
Unlike Telegram supports both voice and video calls. If you have a strong mobile internet connection then you will get an awesome quality of calling. It takes low data usage for calling someone. So it is a very good point about telegram
2. Delivery and read notification
Whatsapp informs the sender about the delivery and reads the status of the other user in a timely manner. It is a super cool feature.
3. End to end encryption everywhere
Whatsapp uses end to end encryption everywhere. Telegram uses it only for secret chat.
As per my experience, Telegram is faster than WhatsApp, many features and great updates regularly. so I love it more than WhatsApp. Assume a friend of mine sends a video or pic to me(which is very rare since not many use it ) I can download it and watch and yet not having to save it in the gallery, thus reducing the danger of others finding it on my mobile.

janga:
is there Money Market Fund thread in this forum. last Monday rate for Fg Savin Bond is not lookin good while Tbill rate will crashed more. since mutual fund is regulate by Sec is MMF also regulated by sec since i knew my capital will be guaranted in it so i wanted to lock 40mill bcz i knew i will not need the money for 364days while using my side hustle to get more money.

For FBNquest Money Market Fund, can i meet those people inside FirstBank or do they have different office so that i can open mmf acct and lock money over there

ukay2:



I don't know about the investnow.ng platform, but if it's a real time trading broker where you can buy stocks yourself per seconds without delays and their buy and sell commissions are low, it's good.


I use Morgan capital broker and investment one broker.

But Morgan is more flexible, real time trading and cheaper commissions.

I got frustrated with investment one broker by not using online real time trading platform before moving to Morgan Capital Stockbroker. And since then, life has been sweet.

Also, for those dividend paying stocksyou purchase , get e-dividend mandate from their respective registrars so that your dividend will be paid on the scheduled payment date by the registrars.

Don't forget to be in the Nigeria Stock Exchange Market Pick Alert forum in this nairaland and ask any questions you do not understand. Many members here are in that forum.

Cheers! !

henifri:
Has anyone invested on "Wealth Cash" on wealth.ng. They offer 10.5% P.A. on savings. wealth.ng is a subsidiary of Sankore investments which is SEC regulated.

emmanuelewumi:


The partners can invest their own funds in real estate. You can't be a partner for life unless you are the founding partner. Partners grow old and retire and the money shared will stop, why should the current partners have a reduction in the profit sharing income because the firm invested billion building a Property.

It makes sense for them to get maximum payout from the firms profit and each partner can invest their money the way they deem fit.

The big banks pay an average of over N400 million ti get the big 4 auditing firms to audit their accounts
Banks like First Bank, Stanbic IBTC and FCMB that have a complicated holding structure pay between N500 million and N600 million

Plus10:

Thanks for your contributions on this great thread.Please I want to ask,when you buy a stock what do you have in mind when buying it?Do you intend to sell it off after some profit,or you just hold it pending when dividend would be paid?

NL1960:


That was how people were pressuring my Chairman to build a property for his company at Apapa instead of letting. He refused. When we started loosing business because of the chaotic and terrible Apapa traffic, we had to run away from there to go and rent an office in a cool area where prospective clients had no issues coming to. If the office was in a property owned by the company, it would have been difficult to relocate the office.

emmanuelewumi:



It depends on you, I invest for cash flow but when crazy capital appreciation occurs I book profit.

Invest in businesses with history of regular dividend payment in the last 10 years, make sure the dividend yield will give you a minimum of 10%, also consider companies that have been growing their profits in the last 5 years. Make sure you don't over pay for any Investment.

Very difficult to time the market, if you do you will just be working for the stock broker.

Cash flow Investment is stress free and gives peace of mind a company that publishes primary, secondary and tertiary students textbooks Learn Africa Plc formerly Longman Publishers paid a retired Prof a dividend of over N4 million in 2019, he is sure of receiving another payment of N4 million in July 2020 if not higher than what he got last year. I am sure that payment is higher than his pension

Imagine what the old Prof would have been earning if book pirates did not eat into the market share of companies like Learn Africa, University Press, Macmillan publishers and others

delawal:

in my state building a one room self contain flat will make u more money than even a two bedrrom flat. also here owing a shop in a popular market here can give u annual rent more than someone or at par withbsoneone who built a three storey building of six flats. its easier to reclaim ur shop from a defaulting tenant. intact shop rents are paid upfront. so some people here invests more in owning shops Dan residential building. u can spend 40million building a four storey building residential DT will give u annual rent of 2million. u can use DT 40million to buy 8 shops DT u can give u 600k annually per shop. multiply it by 8, thennu see d difference. a tenant may feel relaxed owning his house rent but will always wanna pay his shop rent.

emmanuelewumi:



It depends on you, I invest for cash flow but when crazy capital appreciation occurs I book profit.

Invest in businesses with history of regular dividend payment in the last 10 years, make sure the dividend yield will give you a minimum of 10%, also consider companies that have been growing their profits in the last 5 years. Make sure you don't over pay for any Investment.

Very difficult to time the market, if you do you will just be working for the stock broker.

Cash flow Investment is stress free and gives peace of mind a company that publishes primary, secondary and tertiary students textbooks Learn Africa Plc formerly Longman Publishers paid a retired Prof a dividend of over N4 million in 2019, he is sure of receiving another payment of N4 million in July 2020 if not higher than what he got last year. I am sure that payment is higher than his pension

Imagine what the old Prof would have been earning if book pirates did not eat into the market share of companies like Learn Africa, University Press, Macmillan publishers and others

Plus10:

One more thing boss,I was developed interest in stock trading but due to some reasons I decided to quite.During my trading experience one of greatest challenges was selling the stock after the price has appreciated. After clicking on sell on the platform(I used Meritrade) ,a times it takes several days before being matched with a buyer.At times I would be forced to sell at market price which most of times resulted in lost or little profit.What could be the reason,is it that I went for stocks that were not easily liquidated? Or I wasn't patient enough for me to be matched with a buyer?

emmanuelewumi:


I am an old school investor, sorry to say I don't trade online. I send mails to my stock brokers to buy or sell for me and I give them price limits on rare occasions I give them the liberty to buy for me at the best market price. Like yesterday I asked them to sell 27,000 units of Access Bank shares at the best market price, the proceeds will be used to buy more units of UACN shares on Monday at a maximum price of N9.30k per share.

Regular online traders like Aremso, Ukay2, Jejebaba and others will answer your questions .

emmanuelewumi:


I am an old school investor, sorry to say I don't trade online. I send mails to my stock brokers to buy or sell for me and I give them price limits on rare occasions I give them the liberty to buy for me at the best market price. Like yesterday I asked them to sell 27,000 units of Access Bank shares at the best market price, the proceeds will be used to buy more units of UACN shares on Monday at a maximum price of N9.30k per share.

Regular online traders like Aremso, Ukay2, Jejebaba and others will answer your questions .

emmanuelewumi:


I am an old school investor, sorry to say I don't trade online. I send mails to my stock brokers to buy or sell for me and I give them price limits on rare occasions I give them the liberty to buy for me at the best market price. Like yesterday I asked them to sell 27,000 units of Access Bank shares at the best market price, the proceeds will be used to buy more units of UACN shares on Monday at a maximum price of N9.30k per share.

Regular online traders like Aremso, Ukay2, Jejebaba and others will answer your questions .

emmanuelewumi:


11% is possible

ndidigood:
Mr.Ewumi you can upgrade to being a new school
I honestly think that if u take charge of ur trade.u will be getting the best deal in the market, l use to send mail/ text to my broker but most times they buy high and sell low
Trading by ursef is the best thing that can happen to ur investment life.
Let me give u example of what on Wednesday.
I have a target price of selling my UBA PLC at #9.while monitoring the price movement of stocks, UBA got to 8.75 .l quickly sold 20000 units to me is fair, before l knew it it got to #9 ah ah kilode l screamed.
In a twinkle of an eye it got to #9.10-#9.15,l sold another #20000, and#10000 again making it 50k unit and then greed set in.why selling everything one mind told me.and l left the remaining units.guess what? UBA closed @ 8.85 or so

U see? If na broker u asked to sell for u he go just offer ur order at a particular point in time without checking the pulse of d mkt
I follow market from 10am-2.30 live
Benefit of online trading
1.u take charge of ur portfolio
2. U make decision by ursef
3. U buy any quantity I like
4 u see live trade as in what people are buying
5. U see offer and bid
6. U sell now and buy another immediately
7. U see ur portfolio anytime anywhere
8. U save ursef stress of mailing or texting ur broker
9. U see summary of charges( very transparent).
10. U balance and re- balance ur portfolio whenever and however
11. U use any browsing paka phone to navigate.
What more can l say.is a Total package.
I use Morgan capital anyway.

henifri:
Do you invest with them? How did you manage to get 11%?

emmanuelewumi:



I have no problem with those who trade online, I am a passive investor and not an active investor who needs to monitor his Investment on a per second basis.

Why should I trade myself and the Stockbroker will still earn his commission for doing nothing.

I wake up around 4am, I send my email which will include the price limit and volume to my Stockbroker before 4.30am, by 8am he will acknowledge my emails. Before 2.30pm he would have carried out my mandate. Before 4pm, he would have sent the contract notes of the transaction to me.

I face my core business during the hours of 9am to 3pm, monitoring the market on a per second basis will be an unnecessary distraction.

ndidigood:
well it depends on ur biz.mine does not stop me from monitoring the market.l do enjoy it .is not a distraction atall.however not trading every second
Waking by 4.am to send a mail to a broker is a no no for me.

ndidigood:
well it depends on ur biz.mine does not stop me from monitoring the market.l do enjoy it .is not a distraction atall.however not trading every second
Waking by 4.am to send a mail to a broker is a no no for me.

ndidigood:
Occupation is what someone does to earn a living that is what we were taught then.
Things have changed
Occupation is now any business, trade or profession which occupies someone's time either permanently or temporary and through which one earn a living and which must be legal.

ojesymsym:
Is there any Android game one can use to learn some of these things?

ositadima1:


Madam, I kind of feel you enthusiasm towards trading stocks. I have a few questions if you don't mind. Is stock trading profitable like doing just that full time can pay your bill's? Like what is your average ROI per year? Are you more of a technical analyst or a fundamental analyst? You sound like a day treader and a scalper combined.