emmanuelewumi:


Things are now done online, processing advisers like lawyers, accounts, stockbrokers, Trustees and Probate services providers can assist people with their Investments.

I know about 5 actives members of this thread who are based abroad and are receiving their dividends on a steady basis

Please share your testimonies

Many travelled with their paper share certificates. And they must dematerialize their paper shares before they can start receiving their dividends online. I don’t think you can dematerialize your shares online.

Have you ever tried to obtain a Letter of Administration? There is no way that can be done online sir. It is not an easy process especially if there are a lot of assets and family members involved. It’s not the kind of thing that is done online. Anyone that claims he’s an online probate services provider that processes Letters of Administration is most likely a yahoo boy waiting to defraud innocent people that have lost their loved ones.

drealj:
Mad people full this country

Well, let's see what happens this month

If they have no payouts this year
Then the scheme don kpafuka
But let's still see

Lazyyouth4u:

People must still dematerialize their paper shares before they can start receiving their dividends online. You can’t dematerialize your shares online sir.

Have you ever tried to obtain a Letter of Administration? There is no way that can be done online sir. It is not an easy process especially if there is a lot of assets and family members involved. It’s not the kind of thing that is done online. Anyone that claims he’s an online probate services provider that processes Letters of Administration is most likely a yahoo boy waiting to defraud innocent people that have lost their loved ones.

So your argument is....
Because of the cumbersome nature of jumping through those hurdles to get the dividend mandate sorted out, many just abandon it and write it off......
well, that could be the case sha

But between the money going back to the company /registrar or whoever collects the statute barred dividends
And the government taking the money under whatever guise, or for whatever reason,
I think option one is better
Nobody should trust the Nigerian government
The SEC is trying sha
But the dividend claims process could be made even simpler

I remember someone throwing a challenge at Ray to dare withdraw that his 1 million from his wallet to his bank account to prove that the money is concrete and not audio, I don't think Ray has given a feedback on that challenge except I missed it. The person staked 50k for that challenge.
Withdrrawing to wallet is easy, withdrawing to your bank account na there the wahala de start.

On a lighter note, it looks like all my friends have given up on me, no one even tried to introduce me to this scheme and I hear it has been running for about 2-3 years, una non go believe say na for this thread I even hear about am, say in the last 3 months.

TransAtlanticEx:
I can bet my balls say MBA don cast.
Alert in his dreams.

ojesymsym:
I remember someone throwing a challenge at Ray to dare withdraw that his 1 million from his wallet to his bank account to prove that the money is concrete and not audio, I don't think Ray has given a feedback on that challenge except I missed it. The person staked 50k for that challenge.
Withdrrawing to wallet is easy, withdrawing to your bank account na there the wahala de start.

On a lighter note, it looks like all my friends have given up on me, no one even tried to introduce me to this scheme and I hear it has been running for about 2-3 years, una non go believe say na for this thread I even hear about am, say in the last 3 months.

Seriously?I got to know of it really early as the lady I was dating then was trying to introduce it to me,but those kind of activities aren't my thing.
They are paying people now in PH as I hear,but small small investors sha of 500k or less.
We are waiting for the major catastrophe sha,thank your stars you didn't participate.

Lazyyouth4u:

Many travelled with their paper share certificates. And they must dematerialize their paper shares before they can start receiving their dividends online. I don’t think you can dematerialize your shares online.

Have you ever tried to obtain a Letter of Administration? There is no way that can be done online sir. It is not an easy process especially if there is a lot of assets and family members involved. It’s not the kind of thing that is done online. Anyone that claims he’s an online probate services provider that processes Letters of Administration is most likely a yahoo boy waiting to defraud innocent people that have lost their loved ones.

You will get your letter of administration within 12 to 24 months.

Always good to get professional advise who can help one with Wealth management, Estate Planning, Wills and Trust Services etc this will eliminate challenges people have with their assets and Investments when they die and will allow smooth transfer to their beneficiaries

ojesymsym:
I remember someone throwing a challenge at Ray to dare withdraw that his 1 million from his wallet to his bank account to prove that the money is concrete and not audio, I don't think Ray has given a feedback on that challenge except I missed it. The person staked 50k for that challenge.
Withdrrawing to wallet is easy, withdrawing to your bank account na there the wahala de start.

On a lighter note, it looks like all my friends have given up on me, no one even tried to introduce me to this scheme and I hear it has been running for about 2-3 years, una non go believe say na for this thread I even hear about am, say in the last 3 months.

the migration requires I present a stamped bank statement which I can only do from the banking hall, I am not available and will only be back for Christmas, after the verification then I might get the money. my brother, people should cry their cry, don't cry for me, relax and monitor your own investment, stop monitoring my own.

you don't have money in MBA and yet you are extremely bothered more than the investors, its my money, thanks for the concern. If MBA could boldly beg people to go take their money from 1st December till date, why are you doubting the payment, I understand that non of you know a single investor that is being owed yet you wish doom, ponzi or no ponzi, the alert is bae, bother less and face front.

What is a ponzi to you might be a life saver to another, dey your dey. don't dissipate energy irresponsibly at others financial boom.

emmanuelewumi:



You will get your letter of administration within 12 to 24 months.

Always good to get professional advise who can help one with Estate Planning, Wills and Trust Services etc this will eliminate challenges people have with their assets and Investments when they die and will allow smooth transfer to their beneficiaries

Unfortunately, Africans do not believe in the idea of writing a will. It’s an uncomfortable thing to do for a young person as it may feel like one is predicting that he or she will die young. So we wait until we are retired to even write one. Many don’t make it to retirement age.

TransAtlanticEx:
I can bet my balls say MBA don cast.
Alert in his dreams.

Will struggle to survive till end of January. They need new investors in order to postpone the end

emmanuelewumi:


Will struggle to survive till end of January. They need new investors in order to postpone the end

what do you know about forex? can we share. everything you know.

We also have equities that have never paid a dime, that have failed, can we call such stocks ponzi?

RayRay06677:


what do you know about forex? can we share. everything you know.

We also have equities that have never paid a dime, that have failed, can we call such stocks ponzi?

I know nothing about it.


But I know you can't make 10% per month on a consistent basis, you can make 40% in January, lose 50% in February, make another 20% in March, 10% in April, lose 15% in May and gain 8% in June.

No equity fund manager will offer you a guaranteed return on investment

RayRay06677:


what do you know about forex? can we share. everything you know.

We also have equities that have never paid a dime, that have failed, can we call such stocks ponzi?

You see, that's the interesting thing......
Stocks could be quickly exited if you made a wrong pick
Or things turn for the worse for the company

If your investment objective is dividend receipts (like myself for example) ; you wont even go near a stock that does not pay a dime as dividends
Unfortunately I dont much about forex
But I know one thing
It's a very volatile place
It's like the wild west

emmanuelewumi:


I know nothing about it.


But I know you can't make 10% per month on a consistent basis, you can make 40% in January, lose 50% in February, make another 20% in March, 10% in April, lose 15% in May and gain 8% in June.

No equity fund manager will offer you a guaranteed return on investment

I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks

DexterousOne:

You see, that's the interesting thing......
Stocks could be quickly exited if you made a wrong pick
Or things turn for the worse for the company

If your investment objective is dividend receipts (like myself for example) ; you wont even go near a stock that does not pay a dime as dividends
Unfortunately I dont much about forex
But I know one thing
It's a very volatile place
It's like the wild west

like when u buy 50kobo and the next day it becomes 2kobo, what are u withdrawing or who will buy from you?

RayRay06677:


like when u buy 50kobo and the next day it becomes 2kobo, what are u withdrawing or who will buy from you?

You see
That's another sweet thing about the Nigerian Stock exchange.....
No single equity can lose more than 10% of its value in one day
And you can always exit your position ASAP
Especially when the stock is liquid
Personally, I am in "one chance with UBN, and will exit that position when the price comes up just little bit, and then take a loss and go...

Or I decide to hold the stock, and them recieve the dividend before mid year
Then exit maybe in Q3.

When it comes to forex, do you guys have the luxury of exiting bad positions taken?
I'll really like to know

Good advise and taken.
But there is something about this Ray that still doesn't sound like the old Barry, but then advise taken, I am facing front now

RayRay06677:


the migration requires I present a stamped bank statement which I can only do from the banking hall, I am not available and will only be back for Christmas, after the verification then I might get the money. my brother, people should cry their cry, don't cry for me, relax and monitor your own investment, stop monitoring my own.

you don't have money in MBA and yet you are extremely bothered more than the investors, its my money, thanks for the concern. If MBA could boldly beg people to go take their money from 1st December till date, why are you doubting the payment, I understand that non of you know a single investor that is being owed yet you wish doom, ponzi or no ponzi, the alert is bae, bother less and face front.

What is a ponzi to you might be a life saver to another, dey your dey. don't dissipate energy irresponsibly at others financial boom.

ojesymsym:
Good advise and taken.

Not directed at you, referring to every one that misdirect their energy.

Make una focus on the ball,

[quote author=RayRay06677 post=96829967]

I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks[/quote


All reputable fund managers set fact sheets to investors every quarter, it shows the size of the fund, assets, cash, Investments, profits and losses of the fund.


Can you share the one sent to you for us to analyze

Oh no!! Damn

DexterousOne:


2016 was the year I was cleared to serve
In fact
When I went back to do my clearance
So that I can go to serve
It felt a bit strange
Because CITS had changed a couple of things

RayRay06677:


I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks

All reputable fund managers send fact sheets to their investors every quarter.This shows the size of the fund, assets, Investments, liabilities, cash, profits and losses of the fund. Remuneration and incentives of the fund managers, qualifications of the fund managers and their verifiable track records

Can you share the one the experts sent to you since you started Investing with them

Nwokeomajayb:
Oh no!! Damn

Okay sir
Thanks for the meme....
I'm definitely saving this one
Lmao
Bwahahahahaha

RayRay06677:


I know experts are employed to trade for the company, not one or two people, groups of people. ever wonder why they don't pay roi every day, its because some days are not profitable but in the average at month end, over 40% is made and u r given 10%, is that a big deal. take out time to understand before antagonizing. I am bothered that you castigate something you know nothing about. Take a challenge and learn about it, manuals are everywhere online. also read successful stories of people only live forex. Thanks

Why are you so eager to defend MBA, enjoy your loot in peace nah.

40% return on forex trading is not attainable, at least not regularly. Chai, na only u dey the market. Mind you any expert that has such capability don't need your money, even with one million naira starting seed, giving enough years, that guy will be richer than Bill Gates and Elon combined.

At 40% monthly return the risk will be catastrophic, the best in d game maintain between 5 to 10% monthly return with moderate risk. Don't even argue cos it is public knowledge, google returns from d best hedge funds.

Even HFT, high frequency trading algorithms, run by PhDs and computer scientists don't make 40% monthly, talkless of some bunch of guys using TA and manually placing trades.

Make I no hear that 40% again from ur mouth.

DexterousOne:


So your argument is....
Because of the cumbersome nature of jumping through those hurdles to get the dividend mandate sorted out, many just abandon it and write it off......
well, that could be the case sha

But between the money going back to the company /registrar or whoever collects the statute barred dividends
And the government taking the money under whatever guise, or for whatever reason,
I think option one is better
Nobody should trust the Nigerian government
The SEC is trying sha
But the dividend claims process could be made even simpler

I know of a man that just kept buying up shares during the share craze....... He bought for all his children in different banks, He bought for his mother, He bought for his father and his siblings, He helped out some of his friends too to acquire shares in different banks, all to the tune of 25 to #30million.............................................................................. He started letting all this things out when things were not adding up, the few certificates that finally arrived by post some of this banks are now dead, I can imagine the stress he would have gone through in trying to recover dividend of his father and mother that has got some weird signatures...........

The fact that we are here on this thread on Nairaland shows we are learned a bit, but the bulk of the wealth Nigeria holds is in the hands of many unlearned folks who have got bad or would i say selfish advisers surrounding them

Paper work might be breeze for us but there are billions of millonaires out there that cringe at paper work

ositadiima1:


Why are you so eager to defend MBA, enjoy your loot nah.

40% return on forex trading is not attainable, at least not regularly. Chai, na only u dey the market. Mind you any expert that has such capability don't need your money, even with one million naira starting seed, giving enough years, that guy will be richer than Bill Gates and Elon combined.

At 40% monthly return the risk will be catastrophic, the best in d game maintain between 5 to 10% monthly return with moderate risk. Don't even argue cos it is public knowledge, google returns from d best edge funds.

Even HFT, high frequency trading algorithms, run by PhDs and computer scientists don't make 40% monthly, talkless of some bunch of guys using TA and manually placing trades.

Make I no hear that 40% again from ur mouth.

Well, such high percentages definitely cannot be on a regular basis

maishai:
I know of a man that just kept buying up shares during the share craze....... He bought for all his children in different banks, He bought for his mother, He bought for his father and his siblings, He helped out some of his friends too to acquire shares in different banks, all to the tune of 25 to #30million.............................................................................. He started letting all this things out when things were not adding up, the few certificates that finally arrived by post some of this banks are now dead, I can imagine the stress he would have gone through in trying to recover dividend of his father and mother that has got some weird signatures...........

The fact that we are here on this thread on Nairaland shows we are learned a bit, but the bulk of the wealth Nigeria holds is in the hands of many unlearned folks who have got bad or would i say selfish advisers surrounding them

Paper work might be breeze for us but there are billions of millonaires out there that cringe at paper work

You have raised a very valid point
And I think some of these brokers know
Thats why they make things a bit more cumbersome
To discourage as many as possible from claiming the dividend

DexterousOne:

You see
That's another sweet thing about the Nigerian Stock exchange.....
No single equity can lose more than 10% of its value in one day
And you can always exit your position ASAP
Especially when the stock is liquid
Personally, I am in "one chance with UBN, and will exit that position when the price comes up just little bit, and then take a loss and go...

Or I decide to hold the stock, and them recieve the dividend before mid year
Then exit maybe in Q3.

When it comes to forex, do you guys have the luxury of exiting bad positions taken?
I'll really like to know

why exit when rate is constant, I didn't invest to exit. even mutual funds, u cant exit immediately, even our tbills, u cant exit without penalties.

lets different a failed biz from ponzi, I expect a Nigerian biz to failed, we are all risking everything in this country. the higher the risk, the higher the returns. I invested a fortune here, and its sweeting me for body. Greatest decision ever taken. 2020 is my best financial year despite I started forex in September and lowest tbills rate. Even did tbills at 3% because I had nowhere to go. make una leave me alone

Jesus Christ dude no go jump bridge ooo. It’s what it’s and life goes on. At least you learn from this. No dey give yourself competition so you go enjoy this life. I don talk my own

DexterousOne:


Yes
I have been to these countries listed (which btw is not a big deal lol. Travelling to other African countries for example does not make you a "Big Shot" )

Second
The president report card comes to my table periodically

You know what a president report card is?

Every president is judged by a couple of things
Inflation rate
Unemployment rate
Exchange rate stability
Fiscal responsibility (basically the debt position)
etc
In order to do one of my job roles with my team
I have to use these numbers
And "make sense" out of them
So you see what I mean by the presidents "report card?"

Like you said
Let's not drag this any further
Let's lay it to rest

RayRay06677:


why exit when rate is constant, I didn't invest to exit. even mutual funds, u cant exit immediately, even our tbills, u cant exit without penalties.

lets different a failed biz from ponzi, I expect a Nigerian biz to failed, we are all risking everything in this country. [b]the higher the risk, the higher the returns[\b] invested a fortune here, and its sweeting me for body. Greatest decision ever taken. 2020 is my best financial year despite I started forex in September and lowest tbills rate. Even did tbills at 3% because I had nowhere to go. make una leave me alone

You see thebolded
I agree with that

ojesymsym:
Good advise and taken.
But there is something about this Ray that still doesn't sound like the old Barry, but then advise taken, I am facing front now

ONE AND SAME PERSON

DexterousOne:


You see thebolded
I agree with that

The higher risk includes losing everything, if there are no speculators or investors to sustain the ponzi

Nwokeomajayb:
Jesus Christ dude no go jump bridge ooo. It’s what it’s and life goes on. At least you learn from this No dey give yourself competition so you go enjoy this life. I don talk my own

No sir...
Jumping bridge is not gonna happen
That said
For the bolded
The lesson learnt is to strongly resist the urge to shalaye
Like very strongly
It's a faceless forum
No need to prove anything to anyone

We learn everyday

ositadiima1:


Why are you so eager to defend MBA, enjoy your loot in peace nah.

40% return on forex trading is not attainable, at least not regularly. Chai, na only u dey the market. Mind you any expert that has such capability don't need your money, even with one million naira starting seed, giving enough years, that guy will be richer than Bill Gates and Elon combined.

At 40% monthly return the risk will be catastrophic, the best in d game maintain between 5 to 10% monthly return with moderate risk. Don't even argue cos it is public knowledge, google returns from d best hedge funds.

Even HFT, high frequency trading algorithms, run by PhDs and computer scientists don't make 40% monthly, talkless of some bunch of guys using TA and manually placing trades.

Make I no hear that 40% again from ur mouth.

YES SIR, LIKE I KEEP SAYING, I KNOW LESS BOUT IT BUT THOSE SHOUTING PONZI EQUALLY KNOW NOTHING BOUT IT