Re: Treasury Bills In Nigeria by RealityShot: 8:48am On Nov 27, 2020 |
emmanuelewumi:
Get in touch with your financial adviser, buy mutual funds or invest in your financial and economic education. I don't give stock recommendations, but once in a while from my writings you should be able to decode somethings "DECODE " like the one below that changed my life emmanuelewumi:
I use 4 stock broking houses.
1. FSDH Securities
2. Investment One Stockbrokers
3. United Capital Securities
4. Union Capital Market.
With a minimum of N50,000 you can open an account with Investment One, United Capital and Union Capital Market. Except FSDH Securities which requires a minimum of N5 million.
Dangote cement is currently selling at N140, paid a dividend of N16 last year. If the company pays the same dividend of N16 by April 2020 this will give you a dividend yield of about 11%
We have an infrastructural deficits in the country, government is currently using cements for road constructions, bridges, houses. Some of the management staff of Dangote cement have increased their shareholdings between last year and now. This shows that they are confident about the growth of the business.
MTN at N105 and below is also okay, you are sure of a minimum dividend of N11. They have also given license to operate a form of banking business for unbanked Nigerians 2 Likes |
Re: Treasury Bills In Nigeria by Bakosokoto: 8:58am On Nov 27, 2020 |
emmanuelewumi:
Get in touch with your financial adviser, buy mutual funds or invest in your financial and economic education. I don't give stock recommendations, but once in a while from my writings you should be able to decode somethings Thanks for the advice. But in most cases what you read here are somewhat stewardship of previous activities. Like returns on investment made months before. At that time it is already too late to act on such info. |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:03am On Nov 27, 2020 |
emmanuelewumi:
I use 4 stock broking houses.
1. FSDH Securities
2. Investment One Stockbrokers
3. United Capital Securities
4. Union Capital Market.
With a minimum of N50,000 you can open an account with Investment One, United Capital and Union Capital Market. Except FSDH Securities which requires a minimum of N5 million.
Dangote cement is currently selling at N140, paid a dividend of N16 last year. If the company pays the same dividend of N16 by April 2020 this will give you a dividend yield of about 11%
We have an infrastructural deficits in the country, government is currently using cements for road constructions, bridges, houses. Some of the management staff of Dangote cement have increased their shareholdings between last year and now. This shows that they are confident about the growth of the business.
MTN at N105 and below is also okay, you are sure of a minimum dividend of N11. They have also given license to operate a form of banking business for unbanked Nigerians Was written on 23rd December 2019 MTN now N153 Dangote cement is now N205 Both companies equally paid dividends in May 2020 during the lock down. 3 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 9:04am On Nov 27, 2020 |
Bakosokoto:
Thanks for the advice. But in most cases what you read here are somewhat stewardship of previous activities. Like returns on investment made months before. At that time it is already too late to act on such info. We have a thread for the stock market on Nairaland, just learn how to identify the noise and the facts 1 Like |
Re: Treasury Bills In Nigeria by RealityShot: 9:28am On Nov 27, 2020 |
Bakosokoto:
Thanks for the advice. But in most cases what you read here are somewhat stewardship of previous activities. Like returns on investment made months before. At that time it is already too late to act on such info. Read that post I referred to... The secret to identify future profits is there. Read it 10 times Then read my last 10 posts.. All you need to succeed in the stock market are there. If you are willing to give yourself the time to understand every sentence and do a little research. The stock market is better than Treasury bills if you learn this pa Emmanuelewumi 's technique emmanuelewumi:
I invest in industries I understand, I also try to monitor the performance of the companies I have invested in, it good to invest in businesses or industries that are growing.
I am more of a cash flow investor, capital appreciation is secondary.
I will use Zenith bank as an example, Zenith is currently N18.00 per, the earning per share of Zenith bank in 2018 was N5.20k. Out of the N5.20k, N2.80k was paid out as dividends. We are left with N2.40k, out of which some will be transferred to the reserve, kept with CBN and also used to expand the business.
If a stock of N18.00 gives a dividend of N2.80k, this will give you a dividend yield of about 14%.
Another interesting fact is that, it is not all the earning that was paid out as dividend. The remaining fund will be ploughed back into the business and will create more wealth to the investors.
In 2006 Zenith had less than 100 branches, but because part of the profits made was ploughed back into the business, they now have about 300 branches.
Investors who earned 70k dividends per share in 2006 now earned N2.80k in 2018, due to the expansion and growth of the business. Dividend quadrupled between 2006 and 2018. This beat inflation and devaluation of our currency.
The most important thing that will determine success is the experience, knowledge and integrity of the business managers and also buying at a good price.
If you over pay for an investment or an asset, it will affect your returns on investment
Following this man daily will make you rich in the stock market 3 Likes 1 Share |
Re: Treasury Bills In Nigeria by ojesymsym: 9:41am On Nov 27, 2020 |
Bros, e be like say na your two hands you take implement that Oga Emma post, coz the way you de always refer to am em, the thing de sweet your belle well well be that. RealityShot:
Read that post I referred to...
The secret to identify future profits is there.
Read it 10 times Then read my last 10 posts..
All you need to succeed in the stock market are there. If you are willing to give yourself the time to understand every sentence and do a little research.
The stock market is better than Treasury bills if you learn this pa Emmanuelewumi 's technique 3 Likes |
Re: Treasury Bills In Nigeria by RealityShot: 9:59am On Nov 27, 2020 |
ojesymsym: Bros, e be like say na your two hands you take implement that Oga Emma post, coz the way you de always refer to am em, the thing de sweet your belle well well be that.
yes O! The thing I learnt from him made the thing I learnt from Warren Buffet make sense and finally Helped me to create a very simple system for valuing stocks in seconds! It's not my technique it's his own and I no wan chop gift, chop thank you join... Lolzzzzz! The man has been patiently teaching us here but greed no gree me listen. I don hear and I chop 100k this year from him strategy, why I no go thank am? Any other person wen get eyes and gree, him fit chop for life too! The man try! 6 Likes |
Re: Treasury Bills In Nigeria by talk2tonie: 10:35am On Nov 27, 2020 |
emmanuelewumi:
Get in touch with your financial adviser, buy mutual funds or invest in your financial and economic education. I don't give stock recommendations, but once in a while from my writings you should be able to decode somethings Thanks for sharing your knowledge. 1 Like |
Re: Treasury Bills In Nigeria by talk2tonie: 11:14am On Nov 27, 2020 |
RealityShot:
Read that post I referred to...
The secret to identify future profits is there.
Read it 10 times Then read my last 10 posts..
All you need to succeed in the stock market are there. If you are willing to give yourself the time to understand every sentence and do a little research.
The stock market is better than Treasury bills if you learn this pa Emmanuelewumi 's technique
Following this man daily will make you rich in the stock market You are very right bro |
Re: Treasury Bills In Nigeria by Nobody: 11:18am On Nov 27, 2020 |
emmanuelewumi:
Capital market is not for the short term, money market is the right place for short term Investments.
Short term returns in the capital market is an aberration and not the norms, trying to time the market is an exercise in futulity.
Once in a while some special situations can happen eg those who bought Diamond bank at 80k before Access bank showed interest in buying the bank the share price rose to over N6.00 in a year this happened last year or there about.
When Dangote bought back Dangote Flour from Tiger Foods of South Africa, the share price moved from less than N1.00 to almost N3.00. Few months after Olams put a price of N24.00 on each shares of Dangote Flour. Those who held on from 80k to N24.00 made good money in less than 30months. I couldn't wait till N24.00, was able to sell at N17.
Aliko Dangote cashed out over N120 billion from the transaction.
So tell me why someone offered to buy a stock that was priced at 80k for N24? Olams is not stupid, they are smart Indian businessmen.
The stock market is ruled by greed and fear, ruled by fear in a bear market and greed in a bull Market.
When ruled by fear a stock with an intrinsic value of N2.00 can be priced 50k in the market, when ruled by greed a stock of 50k can be priced N2.00. Ability to identify this anomaly is key if you are a value investor.
Zenith bank currently has an equity of over N1 Trillion, made a profit of over N200 billion last year has about N6 Trillion as deposits and will do better in 2020, but currently has a market capitalisation of less than N800 billion on the stock exchange, was even valued in the market for N330 billion in March 2020 at the height of the pandemic. Those who had the cash flow and resources to buy at that time will be enjoying a dividend yield of 28% and capital appreciation of over 100%
There is a whole lot of difference between the noise in the market, demand and supply for a stock on the exchange and the management, growth and profitability of the company.
A dead company, a company making losses, with poor fundamentals can enjoy positive market sentiment and appreciate in price, but such appreciation will definitely evaporate as we see with many penny stocks.
While the stock price of a growing and well managed company can fall or stagnant, but at the right time those who keyed in when market sentiment was not in favour of this company can make 5 to 10 baggers when market sentiment changes Sir, you make a lot of good points for investors that want to stay in the stock market for the long haul but as I have said several times, most retail investors are not there for long term investing. Go to the NSE thread and you will see what I’m talking about. People are buying and selling to make gains now. Not in 5 or 10 years and surely not in 20 years. It will work for a bit as new money floods the market. But as soon as the big boys and speculators move, a lot of people will be left stranded. It’s the big boys, insiders and speculators that determine the swings in a small inefficient market like ours. Stockbrokers and people that earn a living from selling secondary stocks to the retail market will not like this but to be very honest, those that are low key making consistent short/medium term gains in this market of ours are 1. People with contacts in listed companies, financial advisory firms and law firms that advise these listed companies and institutional investors and know all that is going on in the market through their professions 2. Insiders at these financial advisory firms, law firms and the companies that participate in the market 3. People with contacts at accounting/audit firms that have info on quarterly and annual reports before it reaches the markets 4. People with contacts at CBN and other government agencies that get macro info, policies and directives before they reach the market 5. People with contacts at speculators and the big boys (large traders/investors) that know their every move and can react as soon as these bosses move. Stockbrokers also give tips to contacts on large trades by the big boys 6. Few lucky bastards that many people envy The ordinary investor does not stand a chance (except by luck or the grace of God ). Not in this small inefficient market. Some spend a lot of time on spreadsheets while others spend a lot of time and money to seek these info but in my opinion, it is not worth it. Why spend my time stressing about short term NSE gains when I can use that time to double my hustle and make more money and still have enough money after dashing ‘bros inflation’ some of that money? When retail investors start holding a huge chunk of listed companies’ shares and the investment environment becomes more favorable for FPIs to invest long term then our markets will become more developed and we won’t see the activities of a few big boys largely determining prices. Plus government needs to make scape goats of insider traders. I agree with your idea though about going long term and personally just throw in what I can afford to part with and forget about it. Maybe it will make me fabulously wealthy when I am old and tired and really need that money but only time will tell. 5 Likes |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 11:51am On Nov 27, 2020 |
Lazyyouth4u:
Sir, you make a lot of good points for investors that want to stay in the stock market for the long haul but as I have said several times, most retail investors are not there for long term investing. Go to the NSE thread and you will see what I’m talking about. People are buying and selling to make gains now. Not in 5 or 10 years and surely not in 20 years. It will work for a bit as new money floods the market. But as soon as the big boys and speculators move, a lot of people will be left stranded. It’s the big boys, insiders and speculators that determine the swings in a small inefficient market like ours.
Stockbrokers and people that earn a living from selling secondary stocks to the retail market will not like this but to be very honest, those that are low key making consistent short/medium term gains in this market of ours are
1. People with contacts in listed companies, financial advisory firms and law firms that advise these listed companies and institutional investors and know all that is going on in the market through their professions
2. Insiders at these financial advisory firms, law firms and the companies that participate in the market
3. People with contacts at accounting/audit firms that have info on quarterly and annual reports before it reaches the markets
4. People with contacts at CBN and other government agencies that get macro info, policies and directives before they reach the market
5. People with contacts at speculators and the big boys (large traders/investors) that know their every move and can react as soon as these bosses move
6. Few lucky bastards that many people envy
The ordinary investor does not stand a chance (except by luck or the grace of God ). Some spend a lot of time on spreadsheets while others spend a lot of time and money to seek these info but in my opinion, it is not worth it. Why spend my time stressing about short term NSE gains when I can use that time to double my hustle and make more money and still have enough money after dashing ‘bros inflation’ some of that money?
I agree with your idea though about going long term and personally just throw in what I can I can afford to part with and just forget about it. Maybe, it will make me fabulously wealthy when I am old and tired and really need that money but only time will tell. It is a knowledge and information business, all the information you need are available if you care to follow business and financial news. When an insider buys or sells it is reported same day, information are available concerning when quarterly and annual reports will be made I bought more of Dangote cement when Kunle Alake and Mr Edwin bought more since then the stock has gained 25% excluding dividends, I sold all my Access bank share when the CEO sold about 100 million shares from his 1 billion shares not quite long the stock fell by 40%. Follow insiders, when they are buying buy after you have done your due diligence, when they are selling sell and do due diligence later 16 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 11:56am On Nov 27, 2020 |
emmanuelewumi:
It is a knowledge and information business, all the information you need are available if you care to follow business and financial news.
When an insider buys or sells it is reported same day, information are available concerning when quarterly and annual reports will be.
I bought more of Dangote cement when Kunle Alake and Mr Edwin bought more since then the stock has gained 25% excluding dividends, I sold all my Access bank share when the CEO sold about 100 million shares from his 1 billion shares not quite long the stock fell by 40%.
Follow insiders, when they are buying buy after you have done your due diligence, when they are selling sell and do due diligence later Sir, by the time the information gets to the news, people that had first hand inside info have moved. Maybe you have direct access to inside information sha and can move before regular folks can move. And that is one of the problems with the Naija market. It is not a level playground. In foreign markets, people go to jail for this... 1 Like |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:03pm On Nov 27, 2020 |
Lazyyouth4u:
Sir, by the time the information gets to the news, people that had first hand inside info have moved.
Maybe you have direct access to inside information sha and can move before regular folks can move. And that is one of the problems with the Naija market. It is not a level playground. In foreign markets, people go to jail for this... Information concerning sales by insiders and their families or related parties is immediately or maximum of 24 hours. The CEO of Flour Mills bought additional 1.4 million shares of the company on Monday valued at over N50 million, by Tuesday it was in the news |
Re: Treasury Bills In Nigeria by Nobody: 12:18pm On Nov 27, 2020 |
emmanuelewumi:
Information concerning sales by insiders and their families or related parties is immediately or maximum of 24 hours. The CEO of Flour Mills bought additional 1.4 million shares of the company on Monday valued at over N50 million, by Tuesday it was in the news There are people that have access to information before it ever gets out and they take positions before that information reaches news outlets. These are the guys that make a lot of the short term money in Nigeria. Example, I work in an audit firm and I know stock A will report bad earnings, I will dump my stocks (and tell my friends and family to do the same) while the reports are going through approval processes. By the time it gets approved and sent out to the news, we have chopped and cleaned mouth while people that see it in the news will start scrambling to sell. 4 Likes |
Re: Treasury Bills In Nigeria by baroun04(m): 12:25pm On Nov 27, 2020 |
You can see hw it works out |
Re: Treasury Bills In Nigeria by emmanuelewumi(m): 12:33pm On Nov 27, 2020 |
Lazyyouth4u:
There are people that have access to information before it ever gets out and they take positions before that information reaches news outlets. These are the guys that make a lot of the short term money in Nigeria.
Example, I work in an audit firm and I know stock A will report bad earnings, I will dump my stocks (and tell my friends and family to do the same) while the reports are going through approval processes. By the time it gets approved and sent out to the news, we have chopped and cleaned mouth while people that see it in the news will start scrambling to sell.
A business can't go bad over night, it must have been giving sign for the past 6 months or more based on the quarterly results of the company. I remember advising people on stockmarketnigeria to sell their shares in Oando about 7 or 8 years ago, based on the falling fundamentals of the company, mismanagement by the management team and faulty corporate governance of the company. I was able to sell at N25, those who heeded to the advice exited Now Oando is selling for N3.00, 2 years ago the company had the record loss after tax of over N200 billion, the company is highly indebted and geared, the auditor gave their opinions about the company last year, had doubt about the going concern ability of the business 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 12:35pm On Nov 27, 2020 |
One USD is heading to N500 in the parallel market That's interesting to know Hopefully oil prices can rebound a little more and stay there for a while So the thing can recede a lil bit CBN governor Minister of Finance Executive |
Re: Treasury Bills In Nigeria by DexterousOne(m): 12:37pm On Nov 27, 2020 |
emmanuelewumi:
A business can't go bad over night, it must have been giving sign for the past 6 months or more based on the quarterly results of the company.
I remember advising people on stockmarketnigeria to sell their shares in Oando about 7 or 8 years ago, based on the falling fundamentals of the company, mismanagement by the management team and faulty corporate governance of the company.
I was able to sell at N25, those who heeded to the advice exited Now Oando is selling for N3.00, 2 years ago the company had the record loss after tax of over N200 billion, the company is highly indebted and geared, the auditor gave their opinions about the company last year, had doubt about the going concern ability of the business Well said! Businesses dont fail on the spot Any business that probably collapsed abruptly Its exogenous factors that collapsed it Btw this is not often the case Businesses about to fail will often give some warning signs 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 12:41pm On Nov 27, 2020 |
Lazyyouth4u:
There are people that have access to information before it ever gets out and they take positions before that information reaches news outlets. These are the guys that make a lot of the short term money in Nigeria.
Example, I work in an audit firm and I know stock A will report bad earnings, I will dump my stocks (and tell my friends and family to do the same) while the reports are going through approval processes. By the time it gets approved and sent out to the news, we have chopped and cleaned mouth while people that see it in the news will start scrambling to sell.
The bolded is also the case in the NYSE Before Alan Greenspan of infamous memory made those his cowboy moves at the FED The wall street goons (especially Bond traders) have already gotten the insider info and taken positions So you see It's not non existent in any market However, the extent to which insider info influences markets is what the focus is on, and the regulations in place to mitigate it. And on this one I have to give credit to the policy makers in the Nigerian Stock Exchange (and the SEC) because their recent policy on transparency has really bridged the gap In every market (except the chinese market anyways ) Those who invest long term are the winners (in good companies) 2 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 12:49pm On Nov 27, 2020 |
emmanuelewumi:
A business can't go bad over night, it must have been giving sign for the past 6 months or more based on the quarterly results of the company.
I remember advising people on stockmarketnigeria to sell their shares in Oando about 7 or 8 years ago, based on the falling fundamentals of the company, mismanagement by the management team and faulty corporate governance of the company.
I was able to sell at N25, those who heeded to the advice exited Now Oando is selling for N3.00, 2 years ago the company had the record loss after tax of over N200 billion, the company is highly indebted and geared, the auditor gave their opinions about the company last year, had doubt about the going concern ability of the business I never said a business that goes bad. I said a business that reports poor results. A lot can actually happen within a 3+ month period that the market doesn’t know until reports come out. Don’t forget it takes a few weeks before reports are released. How can you know that sales or net profits in a quarter are much lower than projected before it gets to the news if you do not have inside information? If a company is not able to renew long term contracts with key customers, there are insiders that will get this info and dump the stock before it is announced during the call/meeting to discuss the quarterly earnings where the CEO will make this announcement. A shareholder in a publicly listed company is not involved in running the company and will only find out certain information when it hits the news. Sir, you may be one of the very few geniuses around that can read the market, predict earnings accurately and always make money without luck and inside information. I’m not taking it away from you. But this does not apply to majority of retail investors that are looking for short term returns. 4 Likes 1 Share |
Re: Treasury Bills In Nigeria by Nobody: 12:55pm On Nov 27, 2020 |
DexterousOne:
The bolded is also the case in the NYSE Before Alan Greenspan of infamous memory made those his cowboy moves at the FED The wall street goons (especially Bond traders) have already gotten the insider info and taken positions
So you see It's not non existent in any market However, the extent to which insider info influences markets is what the focus is on, and the regulations in place to mitigate it.
And on this one I have to give credit to the policy makers in the Nigerian Stock Exchange (and the SEC) because their recent policy on transparency has really bridged the gap In every market (except the chinese market anyways ) Those who invest long term are the winners (in good companies) You are wrong sir. Insider trading is not allowed in the NYSE. People go to jail for that. Jeff Skilling (Enron) and Martha Stewart that TV cooking lady went to jail for insider trading. They track these things on the NYSE. 1 Like |
Re: Treasury Bills In Nigeria by NL1960: 1:02pm On Nov 27, 2020 |
emmanuelewumi:
A business can't go bad over night, it must have been giving sign for the past 6 months or more based on the quarterly results of the company.
I remember advising people on stockmarketnigeria to sell their shares in Oando about 7 or 8 years ago, based on the falling fundamentals of the company, mismanagement by the management team and faulty corporate governance of the company.
I was able to sell at N25, those who heeded to the advice exited Now Oando is selling for N3.00, 2 years ago the company had the record loss after tax of over N200 billion, the company is highly indebted and geared, the auditor gave their opinions about the company last year, had doubt about the going concern ability of the business The good old days of stockmarketnigeria. I sold too based on that advise and that of people liike Wanaj0. I was selling gradually and sold the bulk of my holdings with good profit. |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:27pm On Nov 27, 2020 |
Lazyyouth4u:
You are wrong sir. Insider trading is not allowed in the NYSE. People go to jail for that. Jeff Skilling (Enron) and Martha Stewart that TV cooking lady went to jail for insider trading. They track these things on the NYSE. I’m actually quite surprised that you can make that comment to be very honest. Lmao I dont want to call you naive Because you sound like one right now Anyone who can remember those days Will tell you Okay let me clear something out for you Kelly Loefler is a sitting US senator running for re election (she will most likely lose anyways) Loefler was indicted for insider trading Using her privileged info as Committee member to exit the markets before it collapsed in march Not only is she a free woman She is still a senator And is running for re election The former Goldman Sachs CEO was indicted for using one arm of the firm to bet against the positions another arm took within the same firm (those who remember those CDO games these men were playing can testify ) Not only is he a free man He was paid hefty bonuses from the bailout money given by the Bush/Obama admin My brother leave story o These WALL street men do what they do They know their way Insider dealings is an occurrence And they have their paddies at the fed that give them info of the next policy actions they are taking BEFORE it is announced 2 Likes |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:30pm On Nov 27, 2020 |
Lazyyouth4u:
I never said a business that goes bad. I said a business that reports poor results. A lot can actually happen within a 3+ month period that the market doesn’t know until reports come out. Don’t forget it takes a few weeks before reports are released. How can you know that sales or net profits in a quarter are much lower than projected before it gets to the news if you do not have inside information? If a company is not able to renew long term contracts with key customers, there are insiders that will get this info and dump the stock before it is announced during the call/meeting to discuss the quarterly earnings where the CEO will make this announcement.
A shareholder in a publicly listed company is not involved in running the company and will only find out certain information when it hits the news.
Sir, you may be one of the very few geniuses around that can read the market, predict earnings accurately and always make money without luck and inside information. I’m not taking it away from you. But this does not apply to majority of retail investors that are looking for short term returns. And by the way I perfectly understand your point and concerns They are not invalid as such. Its just that It's a law in the market You come in with thr wrong objective and strategy You will be eaten up by the wolves in the market No mercy |
Re: Treasury Bills In Nigeria by Nobody: 1:41pm On Nov 27, 2020 |
DexterousOne:
Lmao I dont want to call you naive Because you sound like one right now
Anyone who can remember those days Will tell you Okay let me clear something out for you Kelly Loefler is a sitting US senator running for re election (she will most likely lose anyways) Loefler was indicted for insider trading Using her privileged info as Committee member to exit the markets before it collapsed in march
Not only is she a free woman She is still a senator And is running for re election The former Goldman Sachs CEO was indicted for using one arm of the firm to bet against the positions another arm took within the same firm (those who remember those CDO games these men were playing can testify )
Not only is he a free man He was paid hefty bonuses from the bailout money given by the Bush/Obama admin My brother leave story o These WALL street men do what they do They know their way Insider dealings is an occurrence And they have their paddies at the fed that give them info of the next policy actions they are taking BEFORE it is announced Look at this one? Who do you want to call naive? Stop talking none sense my friend. Kelly Loefler was investigated and not found guilty. Insider trading is an offence punishable by jail term! What has Goldman Sach’s CEO betting against positions got to do with insider trading? If you don’t know what insider trading is, go and read it and thank me later. The US takes it very seriously and anyone that works with securities is made to to understand this. If you didn’t know what it was and goofed, just admit it and move on. Stop trying to sound like you are a smart ass that knows more than everyone. It makes you sound very stupid! |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:50pm On Nov 27, 2020 |
Lazyyouth4u:
Look at this one? Who do you want to call naive? Stop talking none sense my friend. Kelly Loefler was investigated and not found guilty. Insider trading is an offence punishable by jail term! What has Goldman Sach’s CEO betting against positions got to do with insider trading? If you don’t know what insider trading is, go and read it and thank me later. The US takes it very seriously and anyone that works with securities is made to to understand this.
If you didn’t know what it was and goofed, just admit it and move on. Stop trying to sound like you are a smart ass that knows more than everyone. It makes you sound very stupid! Wow You got triggered by my comment Okay No problem You really think Kelly Loefler is innocent ? Or the cowboys of those days were innocent? Or the Goldnan Sachs former CEO was innocent ? Or the ones who knew that those CDOs were junk and communicated amongst themselves and kept taking positions were innocent ? That's fine That indeed proves you are naive when it comes to this subject of insider trading As long as it is humans who run these things There are always leaks No system is fool proof Watching congressional hearings occasionally overtime have opened my eyes to a lot No human system is devoid of cracks We only do our best to put regulations in place And yes insider trading is a crime that has punishment But when you have top notch lawyers and have the money to induce witnesses that may testify against you; you WONT go to jail for it Worst comes to worst, you pay a fine , which btw is not even going to be equal to the amount that you fleeced people of , when you did what you did The game is rigged Just like every other thing in this world It's for one to make the best of his position 1 Like |
Re: Treasury Bills In Nigeria by DexterousOne(m): 1:52pm On Nov 27, 2020 |
Lazyyouth4u:
Look at this one? Who do you want to call naive? Stop talking none sense my friend. Kelly Loefler was investigated and not found guilty. Insider trading is an offence punishable by jail term! What has Goldman Sach’s CEO betting against positions got to do with insider trading? If you don’t know what insider trading is, go and read it and thank me later. The US takes it very seriously and anyone that works with securities is made to to understand this.
If you didn’t know what it was and goofed, just admit it and move on. Stop trying to sound like you are a smart ass that knows more than everyone. It makes you sound very stupid! So bond traders who got information about the policy changes of Alan Greenspan before he announced and implemented them did not commit "insider dealings "? Dont you know that the feds monetary policies AFFECT the bond markets directly? And if a set of people have access to the info first and take positions accordingly, does it not show that the game is already rigged to the favour of some privileged ones ? EDIT So one connected entity is selling a product And another connected entity is betting that the product its sister department is selling to others WILL FAIL What do you call that ? I hope you know, that is criminal 1 Like |
Re: Treasury Bills In Nigeria by Nobody: 2:04pm On Nov 27, 2020 |
DexterousOne:
Wow You got triggered by my comment Okay No problem You really think Kelly Loefler is innocent ? Or the cowboys of those days were innocent? Or the Goldnan Sachs former CEO was innocent ?
Or the ones who knew that those CDOs were junk and communicated amongst themselves and kept taking positions were innocent ? That's fine That indeed proves you are naive when it comes to this subject of insider trading
As long as it is humans who run these things There are always leaks No system is fool proof Watching congressional hearings occasionally overtime have opened my eyes to a lot
No human system is devoid of cracks We only do our best to put regulations in place
And yes insider trading is a crime that has punishment But when you have top notch lawyers and have the money to induce witnesses that may testify against you; you WONT go to jail for it
Worst comes to worst, you pay a fine , which btw is not even going to be equal to the amount that you fleeced people of , when you did what you did
The game is rigged Just like every other thing in this world It's for one to make the best of his position If you are talking about Gupta(McKinsey/Goldman Sachs), he went to jail for two years and killed his career. The Hedge Fund Manager he disclosed information to got 11 years and is probably still in jail. Insider Trading is illegal in the US and lots of people have gone to jail for it. Please don’t come here and tell me about conspiracy theories around. That is you just trying to sound smart after goofing. The fact that you won’t admit it was a goof is what makes you sound more stupid. Please just shut it and stop trying to defend what you do not know! |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:11pm On Nov 27, 2020 |
Lazyyouth4u:
If you are talking about Gupta(McKinsey/Goldman Sachs), he went to jail for two years and killed his career. The Hedge Fund Manager he disclosed information to got 11 years and is probably still in jail. Insider Trading is illegal in the US and lots of people have gone to jail for it. Please don’t come here and tell me about conspiracy theories around. That is you just trying to sound smart after goofing. The fact that you won’t admit it was a goof is what makes you sound more stupid.
Please just shut it and stop trying to defend what you do not know! This uncouth guy Insider trading is illegal Nobody is disputing that with you What I am saying Is that MANY who do it in America GET AWAY WITH IT You have to first PROVE that insider dealing occurred first before you CONVICT That's where the army of lawyers and advisors come in I'm surprised it's a hard concept for you fo grasp I'm asking you Which bond trader went to jail in the late 1980/1990s? Those ones who were getting Info from their connects at the feds ? Otedola should be in jail for some of his dealings (which were somewhat illegal) Cos what he did with FO was nothing short of malpractice But today, he is a free man ! Same with with former Goldman Sachs CEO Same with even Kelly loefler Some animals are more equal than others Get that |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:15pm On Nov 27, 2020 |
No system is fool proof Wall street is filled with sharks And they have their way of having their way Those of us who know, know. All it takes is your buddies in the FED giving you a tip That's all it takes Every policy move has implications and will benefit someone in the market So these guys want to always be AT THE RIGHTSIDE of the market Even in Nigeria here It's the same thing These things are discussed in certain circles |
Re: Treasury Bills In Nigeria by Nobody: 2:20pm On Nov 27, 2020 |
DexterousOne:
This uncouth guy Insider trading is illegal Nobody is disputing that with you What I am saying Is that MANY who do it in America GET AWAY WITH IT
You have to first PROVE that insider dealing occurred first before you CONVICT
That's where the army of lawyers and advisors come in I'm surprised it's a hard concept for you fo grasp I'm asking you Which bond trader went to jail in the late 1980/1990s? Those ones who were getting Info from their connects at the feds ?
Otedola should be in jail for some of his dealings (which were somewhat illegal) Cos what he did with FO was nothing short of malpractice But today, he is a free man ! Same with with former Goldman Sachs CEO Same with even Kelly loefler
Some animals are more equal than others Get that Who are you calling uncouth? Please don’t go there with me o. Guy, abeg fade and stop arguing nonesense. You quoted me saying implying that trading is allowed on the NYSE and calling me naive. I proved you wrong. It is illegal and people go to jail for it. You are now giving me story about how some animals are more equal than others. How does that strengthen your goof of saying insider trading is allowed on the NYSE?? Are allowed and escaping jail time because you paid big lawyers the same? This is ridiculous!!! I would have actually respected you if you admitted it was a goof instead of this nonesense you are talking about how a few people got away. So does it make it allowed?? |
Re: Treasury Bills In Nigeria by DexterousOne(m): 2:24pm On Nov 27, 2020 |
Lazyyouth4u:
Who are you calling uncouth? Please don’t go there with me o.
Guy, abeg fade and stop arguing nonesense. You quoted me saying insider trading is allowed on the NYSE and calling me naive. I proved you wrong. It is illegal and people go to jail for it. You are now giving me story about how some animals are more equal than others. How does that strengthen your goof of saying illegal trading is allowed on the NYSE?? Are allowed and escaping jail time because you paid big lawyers the same? This is ridiculous!!! Okay I have heard you Maybe you dont understand English language properly Because if you did I wonder where you got the inference from my comments that insider trading is legal. I have no energy to go back and forth again I have made my point And anyone with half a brain understand the point I was trying to make |