pluto09:



All the yoyo traders are now claiming experts, telling us that the Oracle of Omaha is old school for selling some of his stocks and staying on cash.

emmanuelewumi:



There is a reason why my mentor is the most consistent member of the Forbe league table, bring on the table for close to 4 decades

pluto09:



All the yoyo traders are now claiming experts, telling us that the Oracle of Omaha is old school for selling some of his stocks and staying on cash.

koonbey:
I believe too that the current US bull run is not sustainable long-term, but there are ways to make money while still hedging against a downturn. Plus I think most people are underestimating the lengths Trump will go to, to prop the economy and stock market up as the elections approach, since that is his most important campaign point.

For instance, by investing most of the portfolio in FAANG-M stocks that have the fundamentals to weather any kind of economy. Those companies will certainly continue to thrive in the near and medium term. Even if the market falls, they'll come back up. A small part can go to companies like $TSLA which have more movement but are less assured.

Keeping liquid cash in Naira is not advisable. Just look at the sudden drop to ~₦460 per $ (Just by keeping your money in the US market pre-covid, you'd have gained almost 30% profit in Naira), for example. The stock market is also not rational or accurate and much less transparent, but I can't go into that.

Ultimately, most people would benefit from shifting into equities with adequate research and stay with companies like Amazon whose market dominance assures returns (even if modest) regardless of the economy.

Platforms like Chaka, Trove, Bamboo, Trove and Risevest have made it easy. Please conduct due diligence on all the platforms. I remember people making noise when some of us were sharing our good experience with I-Invest. If you prefer to go to banks and be arguing with tellers over T-Bill rates, or to be chasing a stockbroker around with phone calls, feel free, please.

koonbey:
I believe too that the current US bull run is not sustainable long-term, but there are ways to make money while still hedging against a downturn. Plus I think most people are underestimating the lengths Trump will go to, to prop the economy and stock market up as the elections approach, since that is his most important campaign point.

For instance, by investing most of the portfolio in FAANG-M stocks that have the fundamentals to weather any kind of economy. Those companies will certainly continue to thrive in the near and medium term. Even if the market falls, they'll come back up. A small part can go to companies like $TSLA which have more movement but are less assured.

Keeping liquid cash in Naira is not advisable. Just look at the sudden drop to ~₦460 per $ (Just by keeping your money in the US market pre-covid, you'd have gained almost 30% profit in Naira), for example. The stock market is also not rational or accurate and much less transparent, but I can't go into that.

Ultimately, most people would benefit from shifting into equities with adequate research and stay with companies like Amazon whose market dominance assures returns (even if modest) regardless of the economy.

Platforms like Chaka, Trove, Bamboo, Trove and Risevest have made it easy. Please conduct due diligence on all the platforms. I remember people making noise when some of us were sharing our good experience with I-Invest. If you prefer to go to banks and be arguing with tellers over T-Bill rates, or to be chasing a stockbroker around with phone calls, feel free, please.

DexterousOne:





Trader and investor no be same
You know how it is sir.

Traders will trade
Investors will invest

At the end of the day
Who gets burned will be burned

And who smiles will smile

DexterousOne:


This is 2020
Not 2007.

We dont even know who a stockbroker is

We just trade using our platforms
And depending on your objective
Profit from it

pluto09:



Yes sir, both traders and investors will make money.

koonbey:


Lol, you'd be surprised to find that not everyone's mindset is in 2020.

If you check through this thread about a year ago, you'll see how people were insisting it had to be banks or nothing for T-bill investment, despite I-Invest offering significantly better terms, much more flexibility and some of us taking the time to conduct due diligence in the company and show the documentation of the firm. People were even saying we were sponsored to promote I-Invest. I didn't mind until the day someone asked if I had ever been to their office to confirm that they were actually there . That was the day I gave up.

Edit:

I just checked and laughed again. See pages ~824 - 828 for the I-Invest drama.

DexterousOne:


Brother Powell has distorted the markets

Even companies wey suppose don die are rallying at unbelievable percentages

Na siddon look I dey

pluto09:



It will most likely end in tears.
When price are up with no underlying fundamental to support it that is not the best time to buy unless one is a trader.

pluto09:



All the yoyo traders are now claiming experts, telling us that the Oracle of Omaha is old school for selling some of his stocks and staying on cash.

emmanuelewumi:



There is a reason why my mentor is the most consistent member of the Forbe league table, being on the table for close to 4 decades

koonbey:
I believe too that the current US bull run is not sustainable long-term, but there are ways to make money while still hedging against a downturn. Plus I think most people are underestimating the lengths Trump will go to, to prop the economy and stock market up as the elections approach, since that is his most important campaign point.

For instance, by investing most of the portfolio in FAANG-M stocks that have the fundamentals to weather any kind of economy. Those companies will certainly continue to thrive in the near and medium term. Even if the market falls, they'll come back up. A small part can go to companies like $TSLA which have more movement but are less assured.

Keeping liquid cash in Naira is not advisable. Just look at the sudden drop to ~₦460 per $ (Just by keeping your money in the US market pre-covid, you'd have gained almost 30% profit in Naira), for example. The stock market is also not rational or accurate and much less transparent, but I can't go into that.

Ultimately, most people would benefit from shifting into equities with adequate research and stay with companies like Amazon whose market dominance assures returns (even if modest) regardless of the economy.

Platforms like Chaka, Trove, Bamboo, Trove and Risevest have made it easy. Please conduct due diligence on all the platforms. I remember people making noise when some of us were sharing our good experience with I-Invest. If you prefer to go to banks and be arguing with tellers over T-Bill rates, or to be chasing a stockbroker around with phone calls, feel free, please.

emmanuelewumi:


Bull makes money, bears make money, but pigs get slaughtered

DexterousOne:


I'll go back and read up those pages later this evening

Thank you for the reference

koonbey:


Lol, you'd be surprised to find that not everyone's mindset is in 2020.

If you check through this thread about a year ago, you'll see how people were insisting it had to be banks or nothing for T-bill investment, despite I-Invest offering significantly better terms, much more flexibility and some of us taking the time to conduct due diligence in the company and show the documentation of the firm. People were even saying we were sponsored to promote I-Invest. I didn't mind until the day someone asked if I had ever been to their office to confirm that they were actually there . That was the day I gave up.

Edit:

I just checked and laughed again. See pages ~824 - 828 for the I-Invest drama.

Abbott:
Please does anyone have an update on Sukuk bond ?

Ibrahim505:

I'm really enjoying doing tbills with i-invest. I wish they can come with other investment vehicles like us stocks, commercial papers, fgn bond, sukuk bond etc.

Grupo:


Local

Grupo:


Local

ojesymsym:
I think since the beginning of the year there has been some restrictions on local transfers. You recall there were some complains here about not been able to fund Stanbic USD funds

GonFreecss1:


Hahahahahahahaha!

People have short term memories when it comes to the financial markets.

GonFreecss1:



When good companies are overvalued, you will pay school fees, no matter how fundamentally sound the company is.

I also think Tesla is a nice company, I love what they do, but as far as investments? I am not touching that company with my money. It can keep running up if it wants to. Wouldn’t move me.

Ibrahim505:

I'm really enjoying doing tbills with i-invest. I wish they can come with other investment vehicles like us stocks, commercial papers, fgn bond, sukuk bond etc.

Focusingmore:


The trick with the stock market is to never follow what you read on the news.

I invested 20k in Macy's back in march when it was 4 dollars sold it at 8 dollars effectively doubling my funds.

I'm now using d funds to scalp d market which earns me around 5 to 6 percent daily.

Do d maths.


Sukuk bond , tb even eurobonds are not the best investments right now .

D ten k i put in stanbic eurobond since November last year as returned a paltry 256 dollars.

Investors should look into the us stock market if they want heavy returns.

Abbott:
I just learnt the settlement date for the Sukuk bond has been postponed as the bond was oversubscribed by multiples of the proposed size. New settlement date not yet known

Who else has any information on this.

Barrytone:
Why are we like this? I just invested at the rate of 4.48% for 170 days. I can't come back to read things I desire and sole aim of coming here. Oversea travels, property, economy and politics are discussed in other threads and I avoid them. Please let's minimize the distraction. Please

Alaska90:


I just don't understand them...there are like four of them causing the problem here