seyisanya:
Of what use is holding on to an inheritance that once traded at N193(NB) and N78.21(UACN), that now sell at N40.50 and N7.40 respectively, when it can be sold to purchase some fundamentally sound stocks that are selling at a bargain(and will further be available at a serious bargain)? - Zenith at "after markdown price" will be a good place to invest such proceeds.

He does not want his story to be likened to that of "The Parable of the Talents". Even the one who left the inheritance will not be happy if he does not make a sound decision regarding the stocks.

Wetin I know sef? I b newbie ooo

I started by saying I'd be sentimental. However, thanks for your perspective.

Blessing642:
To keep cash and buy later.

Makes sense. Follow through and build wealth.

Intendy:
Stocks with new 52 week lows

Unity bank #0.49k

Champion brew #0.79k

GTB #22.70k

Linkage assurance #0.40k

Cutix #1.25k

ETI #5.10k

Nem #1.70k

Npf microfinance Bank #0.87k

Upl #1.03k

Redstarex #2.95k

NCR #2.20k

Learn Africa #1.01k

CAP #22.15k

Nestlé #1,017.00k

Unilever #13.50k

Pz #4.05k

Intendy:
Stocks with new 52 week lows

Unity bank #0.49k

Champion brew #0.79k

GTB #22.70k

Linkage assurance #0.40k

Cutix #1.25k

ETI #5.10k

Nem #1.70k

Npf microfinance Bank #0.87k

Upl #1.03k

Redstarex #2.95k

NCR #2.20k

Learn Africa #1.01k

CAP #22.15k

Nestlé #1,017.00k

Unilever #13.50k

Pz #4.05k

[quote author=Intendy post=87108652]Stocks with new 52 week lows

Unity bank #0.49k

Champion brew #0.79k

GTB #22.70k

Linkage assurance #0.40k

Cutix #1.25k

ETI #5.10k

Nem #1.70k

Npf

These kind posts ...

Friend, hope all is well

Mcy56:
I hope the newbies that recently joined NSE and bought shares are aware of the situation of things and have plan in place.
I hope you set your stop loss also.......except for someone that opted for long term.
The market would not have been like this but for the corolla virus.
This time too shall pass by God's grace.

Hmm I have plenty kaya oh ma but I’ve decided with a strong mind to collect my losses and hold cash for further re entry

veecovee:
These kind posts ...

Friend, hope all is well

That is what you see when a person uses Taiwan phone .......

Coolcash1:


That is what you see when a person uses Taiwan phone .......

I think Pa Ihediora is just coming from China and should be quarantined to avoid spreading that virus.

seyisanya:
Unfortunately, those in cash now will still miss the bargain. Why? Because they are trying to time the market!

why are u sure they will miss the barging？ when presently things are not smilling and am sure those wt cash are not also sleeping, at the first smile of things they know what to do but sha those of us who wants to be in the market will keep carrying kaya of diff weights and sizes until no energy in us again to carry anything again

veecovee:
These kind posts ... Friend, hope all is well

Coolcash1:
That is what you see when a person uses Taiwan phone .......

jamace:
I think Pa Ihediora is just coming from China and should be quarantined to avoid spreading that virus.

Chai! Wetin this market go cause ehnnn, that long list don over-confuse Pa Ihedi. I don laugh tire with these comments.

aremso:


why are u sure they will miss the barging？ when presently things are not smilling and am sure those wt cash are not also sleeping, at the first smile of things they know what to do but sha those of us who wants to be in the market will keep carrying kaya of diff weights and sizes until no energy in us again to carry anything again

Las las market still lure you from that ya tree branch

ebuka1997:
Hmm I have plenty kaya oh ma but I’ve decided with a strong mind to collect my losses and hold cash for further re entry

Sorry for that, wouldnt have been this bad but for the corona.
It affected everyone in the market.
You'll surely cover the losses back once the coast is clear.

Let's EXPECT some RESPITE today.
DEAD CAT BOUNCE.

BARGAIN HUNTERS TAKE NOTE!

Is it possible for NSE to go to ground zero.If yes, pls let it hasten up and let me see if life won't go on.During world war/Biafrian war people whr still making money selling stuffs.I have fnds in main market who made more money during last recession.Is all about how you see things and God grace upon your life. Some will never leave bokoharam states as they are making money even with all the killings.As long as you are healthy and breathing all the noise will pass.Some countries are facing worst natural disaster and still standing.Malaria has killed more than all this virus combined.God is merciful.Every thing has a season so worry not.Nobody should put fear into you from analysis paralysis as long as he/she is human.

Stock market bubbling. Let's see what tomorrow holds for us.

"Expect bull by March ending/early April" - Primate

Seunn11:
All sort of Analyses and Graphs are surfacing now. Every bot and thing is now an expert of share trading. Where were they before?? Wait for 3 weeks max...they will creep back to the holes where they came from.
Reptilians and shifters of banana legend... long epistles are getting even longer. Who will tame the virus?

This was fulfilled.

Brent trying to come back ..Go know how far coming days maybe reversal go set in

All looked good here ..Willl see maybe Nse will follow morrow / maybe panic selling go dey minimal morrow

Does Anyone know about Alliance Limited Company which is based in Australia? I get 2% profit daily for 10days which comes up a total of 20% after profit is been accumulated

Good morning house, Godlylifeoneart has been preoccupied with academic activities, hence I have not been active here since December 2019.
I could feel the pinch of what Nigeria investors are going through. Not an easy economy.

An epileptic economy, ASI rise Today, collapse tomorrow. No sustainable bull. No improvement in electricity, he went ahead and increased VATs
Inflation is grossly under--reported. No where to run to.
TB, and Bond offer no hope. In the past, investors have alternatives. Bond, TB or Equity market. Now, there is a roadblock mounted by Bubu AL Sudan. The borders are under bubu (sorry Kyari) padlocks. Still yet, it hasn't improved the economy.

Kyari the defacto president is busy ruining the country. The president suffers from Retrogressive Amnesia. He cannot take a decision. The wish of Kyari is the wish of the president.

The fundamentalists and the technical analysts are all trapped in Buharinomic economy.
One cannot wait for his tenure to end, I meant, this disaster of a president that has returned Nigeria economy to a junk status.
Any rating agency that rates the present economy a junk should be questioned coz they might have been bribed by Mr. Liar Mohammed. The unbias rating should be Junk + +. +. +x

But wait, I have an interesting article for members. I meant the resilient investors.

It was adapted from Steath wealth blog.
Enjoy the article, THEY ARE COMING AFTER YOU.


Position Your Portfolio For A Mermaid Invasion

They're coming!
I am sure you have all seen headlines of the type “Position your portfolio for [x]”. And x could be anything really - from the Corona Virus, to junk status, to the 4th Industrial Revolution.

I used to devour these types articles. And why not? The experts and market commentators quoted always had solid reasons about why it was a good idea to move some of your portfolio out of this and into that. It always made perfect sense.

And then, after reading the article, my mind would start ticking over. I would start to develop an itch to listen to the advice and do something. These types of articles really leave an impression and make you question aspects of your current investments.

But a few years back, something happened which totally changed my perception around these types of articles, as well as the experts and market commentators which contribute to them.

My interest in finance and investing has resulted in me being on a few investing related email lists. And so one day I received a pretty interesting email from a respected fund manager. It was right before the US election in 2017, and the latest opinion polls were in - Hillary Clinton was going to pip Donald Trump and become the next US president.

The email went on to say that the fund manager was “positioning their portfolio” for a Hillary Clinton victory. It went on to use some of the usual big and impressive sounding words the investment industry likes to throw around. I mean this is an expert after all and they must know what they are doing. Everything must be under control.

But then, shock and horror, we all know how the elections actually went – Trump wins!

The same fund manager then sent another communication about how they had now gone and “positioned” their portfolio for Trumps presidency. It would now be significantly more defensive, because Trump as president was expected to be bad for the US markets. So they decided on less investing into the US markets and more money into safe stuff like Cash and Bonds. More big words, and more solid reasoning – thank goodness this highly qualified, highly experienced fund manager is on top of things and knows how to “position” their portfolio.

Except, within a week, the US market was up. The next month it was up too. The next year it was up, and in fact it hasn’t stopped going up since then. But thanks to all this “positioning” the investment manager lost out on a lot of this growth.

I quickly realised that not even the experts really know how to “position” a portfolio.

And there's another problem with “positioning” your portfolio – not only was the investment manager wrong about their first position, but when the position changed, the positioning they took to fix their previous position, left them in a bit of an awkward position!

And this leaves the investor in the bent over position!

If they had just followed one of the basic principles of investing – invest for the long term, ignore short term noise, and it’s the time in the market and not the timing of the market - they would have achieved a significantly better outcome!

Now I am not saying that investment managers and financial experts are stupid – quite the contrary actually; these people are highly qualified, vastly experienced, and super smart. And maybe next time they will get it right. It just seems like this whole “positioning” your portfolio business is more about luck and less about skill or knowledge?

And something else I have learnt (often the hard way) over the years, is that doing nothing is almost always the best action to take. Once you have settled on an investment strategy, it is important that you stick to it.

Remember you have chosen your investments for a reason, and if your time-frame is long, and your portfolio is well diversified across geographies, sectors, asset classes and currencies, then your portfolio will never ever (ever ever) need to be “positioned” for anything, and that includes the latest media fueled end of the world crisis.

A well-diversified portfolio will be able to ride out political shenanigans, hiring and firing of finance ministers, economic turmoil and any other uncertainty the world can throw at you – that is the whole point of being well diversified!

History has shown that if you stay the course, keep investing, and avoid “positioning“ your portfolio every time you read a headline about the next crisis (there’s always one isn’t there?) then your portfolio can survive just about anything – including 2 World Wars, Great Depressions, Oil Crises, Dot Com Busts and Global Financial Crises.

So, how do you position your portfolio for junk status? The same way you position your portfolio for investment grade status – diversify across geographies, sectors, asset classes and currencies, and then just have patience.

And finally, to address the headline of this article, how do you position your portfolio for a mermaid invasion?


Move everything into Bitcoin (obviously! )Never a great idea.

Godisfaithful:


You are absolutely right. Take for example, so many traders was rejoicing last night when the future opened green, but emotionally they went in with the hope that market will bounced back this morning...and presently market Dow is down already with 350 points. Emotions in stock market is a death sentence to your capital. If people can stay away from it, they will do better than expected. Why would I buy a stock of 13 Naira @25 because of dividend of 2+ Naira? That’s like 45% down in capital? This means one need More than 50% rise in price to break even not talking of profit....It is about facts over fantasy

Bro slow down now, you want stock to fall more to buy low cos u are not in d mkt, I also would like to buy low when am ready to enter mkt but that doesn't mean we should post anything to cause panic. Whether u post anything negative or not to achieve your aim, mkt will still do what she want to do.
How can u refer to GTB or zenith as 13 naira stock? GTB is valued more than cp bro

No condition is permanent sha, myjoy that was known to be bullish man on this thread has turn to permanent bearish man.

I intend to buy UCAP today for the sole purpose of partaking in their dividend pay out.
Is this a wise move in the current situation of the market?
CC:
OGG
PETERICHY
AGBA
CP
ORACLE
MENDES
MCY

PETERiCHY:
Let's EXPECT some RESPITE today.
DEAD CAT BOUNCE.

BARGAIN HUNTERS TAKE NOTE!

Abeg we don't need respite now o. Let prices keep going lower until Zenith bank dividend comes through, let us mop up more units

dinyelutochukwu:
I intend to buy UCAP

The qualification date was yesterday. You're late.
Modified:
I'm very sorry for the wrong info.
The qualification date is March 6.
But take note of Txn date + 3 days rule.
U can look for OGG's post that explains it.

dinyelutochukwu:
I intend to buy UCAP today for the sole purpose of partaking in their dividend pay out.
Is this a wise move in the current situation of the market?
CC: OGG PETERICHY AGBA CP ORACLE MENDES MCY

You're in order. Buy if you wish to.
Qualification date is Friday 6th March 2020.

owoblow77:
The qualification date was yesterday. You're late.

Wrong sir.

Lion123:
Abeg we don't need respite now o. Let prices keep going lower until Zenith bank dividend comes through, let us mop up more units

These dumping never do you?
OYO.

Mcy56:

Wrong sir.

Agreed. I have modified the post.

dinyelutochukwu:
I intend to buy UCAP today for the sole purpose of partaking in their dividend pay out.
Is this a wise move in the current situation of the market?
CC:
OGG
PETERICHY
AGBA
CP
ORACLE
MENDES
MCY

Are you a trader or an investor? How long do you intend to hold this stock? Sincerly speaking, nobody here is sure of what will happen after markdown and also performance of UCAP this year. I don't know much about UCAP but I read a report saying that drop in T-Bills and its likes will affect their revenue going forward.

But if you are trader, buying into UCAP for the sole purpose of getting dividends and then japaa after that might be a wrong move. It might be possible for UCAP to gain 10% before markdown and traders usually benefit from such (if 10% shows up and they sell before markdown) but with the present condition of our market, nothing is certain.

nna777:
Thank God for online trading ooo to monitor one's portfolio. imagine if it was in the era of analogue trading. Brokers will intentionally put their phone on voicemail, they will buy high and sell lower low for you to the point when they send you your statement, you will begin to ask God why he made you a human being . Chai!!!

I had similar problem. I used one that would buy me ridiculous units of some stocks by telling me they thought my change is better buying 8 units of moribund stocks than holding the balance in my account with them.

I have like 8 stocks with units less then 20.