Quote:
Originally Posted by nwoyearoh
@ what interest rate?
If circa 22% add the round trip costs of buying & selling (4-5%); this gives you a handicap of 27%. If inflation rate is 13% in 360 days you are working against 40% for any money (in excess of interest and inflation charges) to have real value.
When looking at the stocks to buy ensure a minimum return in excess of 40% no matter how the valuation is done and method used in actualising it (fundamentals and/or technical)
Wishing you the best
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The total interest is 20% per annum,l have only drawn down N5 million from the facility.l hope to buy more as market index decline,the more.