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  #9721 (permalink)  
Old 28th January 2013, 04:12 PM
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Default Re: The Banks

I appologize for not really responding to your querries well, which I know would have been a basis for your advice. In any case, the added advantage la dr abrahanb, cost structure la omsby, are adequately considered. The problem is that any combination with any (brain) demanding project cannot work.

All the best my good people
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  #9722 (permalink)  
Old 28th January 2013, 04:40 PM
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Default Re: The Banks

Quote:
Originally Posted by omsby View Post
... the question will be what is the cost structure of your family expenses like.
In most cases rent takes a major part. If that is the case. Then invest in a manner to bring your rent expense to zero.

It may sound conservative but it is a measure that has stand the test of time for generations. It gives you a secured feeling in case of eventualities (which is priceless) at the same time it increases your credit worthiness for short time investment opportunities if need be. And lastly it is the most prefered secured form of investment.

What you have now may seem a lot. When you start such a project you will discover that you are just at the beginning of knowning what is required to develop enough passive income to cover your monthly bills at the present living standard.

I wish you goodluck.

To me, returns on investment refers to residual income from rent, dividend and may be royalty.

Rent is not a problem, the Lord has taken care of that.

Having just a house, that does not give substantial rental income can not give a sense of security. We have some cash poor landlords in town. One needs to strike a balance between cash, assets and income producing assets.
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  #9723 (permalink)  
Old 28th January 2013, 04:42 PM
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Default Re: The Banks

Quote:
Originally Posted by dr.abrahamb View Post
Whats your work-area of interest? That will determine the kind of businesses you could easily spot for sponsorship? Start asking questions around. Until I started something I never knew there were people with money around just looking for who to invest in. Be an Angel investor to somebody with an Iron-Clad agreement in place.

I don't know why Transport keeps coming to my mind?

have you ever done the business before, i may be wrong but to succeed in this business in Lagos, you must either be a tout or an area man.
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  #9724 (permalink)  
Old 28th January 2013, 06:05 PM
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Default Re: The Banks

Quote:
Originally Posted by Easy_2006 View Post
My people, I salut una.

This is my very first contribution to this forum, though I used to read your wise opinions now and then. I have a rather peculiar question and your comments would be so much appreciated.

What is the feasibility of one financially surviving on share trading with little or no other source of income, say with a sum of 7 to 10 million naira?

Please forgive my naivety, but my perplexing mind needs some answers from experienced investors.
my advise is for you to Form an investment partnership and have someone hell you out.
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  #9725 (permalink)  
Old 28th January 2013, 06:46 PM
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Default Re: The Banks

Quote:
Originally Posted by Easy_2006 View Post
I appologize for not really responding to your querries well, which I know would have been a basis for your advice. In any case, the added advantage la dr abrahanb, cost structure la omsby, are adequately considered. The problem is that any combination with any (brain) demanding project cannot work.

All the best my good people
You can place this money with me at 18% per annum, while you focus on your PHD and sleep with both eyes closed. Interest will be payable monthly.

You need certain liquidity more than you need uncertain capital appreciation. I agree with Dr.Abraham, you dare not play the capital market when you have strong need for liquidity.

You will certainly be under emotional pressure, you will become a trader, rather than an investor.
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  #9726 (permalink)  
Old 28th January 2013, 08:08 PM
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Default Re: The Banks

Chei! See marketing...
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  #9727 (permalink)  
Old 28th January 2013, 08:36 PM
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Default Re: The Banks

Quote:
Originally Posted by afolabi27 View Post
You can place this money with me at 18% per annum, while you focus on your PHD and sleep with both eyes closed. Interest will be payable monthly.

You need certain liquidity more than you need uncertain capital appreciation. I agree with Dr.Abraham, you dare not play the capital market when you have strong need for liquidity.

You will certainly be under emotional pressure, you will become a trader, rather than an investor.
Will my money with you be insured by NDIC?
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"The one absolute requirement of a money manager is emotional maturity. If you dont know who you are, the stock market is an expensive place to find out." - Adam Smith
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  #9728 (permalink)  
Old 28th January 2013, 09:16 PM
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Default Re: The Banks

Quote:
Originally Posted by hispy99 View Post
Will my money with you be insured by NDIC?
you can't tell he may own a MFB
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  #9729 (permalink)  
Old 28th January 2013, 09:40 PM
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Default Re: The Banks

Societe Generale Bank Returns Tomorrow
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  #9730 (permalink)  
Old 29th January 2013, 02:43 AM
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Default Re: The Banks

Sanusi Says Naira Fiscal Policy Direction to Determine Rate Cut
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"The one absolute requirement of a money manager is emotional maturity. If you dont know who you are, the stock market is an expensive place to find out." - Adam Smith
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  #9731 (permalink)  
Old 29th January 2013, 02:45 AM
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Default Re: The Banks

AMCON, Debtors Reach Deal on N1trn Loan Repayment
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  #9732 (permalink)  
Old 29th January 2013, 05:18 AM
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Default Re: The Banks

Quote:
Originally Posted by hispy99 View Post
Will my money with you be insured by NDIC?
I will send you a PM.
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  #9733 (permalink)  
Old 29th January 2013, 06:56 AM
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Default Re: The Banks

Quote:
Originally Posted by hispy99
Will my money with you be insured by NDIC?

Quote:
Originally Posted by afolabi27 View Post
I will send you a PM.
Ah! Why turn a general forum discussion into a private one.

Na wa o.
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  #9734 (permalink)  
Old 29th January 2013, 07:28 AM
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Default Re: The Banks

Quote:
Originally Posted by kellykelly View Post
Not advisable at all and barely possible except for experienced investors. Target Internal Rate of Return (IRR)for any 'good' investment must at least equal the sum of two parameters namely, inflation rate and interest rate.

In Nigeria, inflation and interest rates are 11% and 20% respectively. So, target IRR for a 'good' investment in Nigeria should be at least 11 + 20 = 31. This means that with your N7m to N10m, you should aim to at least make a net annual profit of N2.1m - N3.3m.

If you can achieve a net return of at least 31% in today's Nigerian stock market, then, you must hav had a really good investment year.

My advice is: unless N2.1m - N3.3m is enough for you in a year and you're an experienced stock investor, then, investing N7m - N10m in the Nigerian Stock Exchange with the expectation that that will be your sole source of income, is not good investment.



I believe a yearly income of N3.3m on an investment of N10m should be good return even if that is someone's sole source of income. If one maintains a moderate standard of living and is frugal, the person can get by. As time goes by the person can now build on the financial base to diversify his investments/sources of income.

Reaping an annual income from the NSE brings to question a testy issue I've had since I joined this forum; whether the NSE should be for investing or for trading.

Ive read comments that look like one should not play the market with short-term goals in mind.

May be a period of 6 months may be too short and riskier for one to expect returns from the market, I dont think that it is bad if one has a 1-year plan for reaping profits, only if the experienced guys in the house are saying this is not feasible.

So, would it be wrong for someone to make the NSE a source of income for himself whereby after a period of one year he sells of some stocks at profit as his income for the year? I believe you can call this trading.
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  #9735 (permalink)  
Old 29th January 2013, 07:33 AM
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Default Re: The Banks

Quote:
Originally Posted by afolabi27 View Post
You can place this money with me at 18% per annum, while you focus on your PHD and sleep with both eyes closed. Interest will be payable monthly.

You need certain liquidity more than you need uncertain capital appreciation. I agree with Dr.Abraham, you dare not play the capital market when you have strong need for liquidity.

You will certainly be under emotional pressure, you will become a trader, rather than an investor.

I won't advice him to place his money with anybody, not even his pastor nor to use the money to sow seed in his Church in expectation of a bountiful harvest.

It will be better if he learns how to manage and multiply his money.

Last edited by emmanuel ewumi; 29th January 2013 at 07:38 AM.
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  #9736 (permalink)  
Old 29th January 2013, 07:44 AM
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Default Re: The Banks

Quote:
Originally Posted by Vincenta11 View Post
[/B]

I believe a yearly income of N3.3m on an investment of N10m should be good return even if that is someone's sole source of income. If one maintains a moderate standard of living and is frugal, the person can get by. As time goes by the person can now build on the financial base to diversify his investments/sources of income.

Reaping an annual income from the NSE brings to question a testy issue I've had since I joined this forum; whether the NSE should be for investing or for trading.

Ive read comments that look like one should not play the market with short-term goals in mind.

May be a period of 6 months may be too short and riskier for one to expect returns from the market, I dont think that it is bad if one has a 1-year plan for reaping profits, only if the experienced guys in the house are saying this is not feasible.

So, would it be wrong for someone to make the NSE a source of income for himself whereby after a period of one year he sells of some stocks at profit as his income for the year? I believe you can call this trading.
It should be for both trading and investing, these will be determined by circumstantial variables.

It won't be advisable to have the stock market as a sole source of income, except if you have a portfolio of about 1 million dollars or 150 million Naira, and the dividends from your stocks is enough to live a modest middle class lifestyle.
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  #9737 (permalink)  
Old 29th January 2013, 08:37 AM
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Default Re: The Banks

Quote:
Originally Posted by emmanuel ewumi View Post
I won't advice him to place his money with anybody, not even his pastor nor to use the money to sow seed in his Church in expectation of a bountiful harvest.

It will be better if he learns how to manage and multiply his money.
i agree with you, that is why he should use more of fixed income securities for a start.
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  #9738 (permalink)  
Old 29th January 2013, 09:13 AM
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Default Re: The Banks

Quote:
Originally Posted by Vincenta11 View Post
[/B]

I believe a yearly income of N3.3m on an investment of N10m should be good return even if that is someone's sole source of income. If one maintains a moderate standard of living and is frugal, the person can get by. As time goes by the person can now build on the financial base to diversify his investments/sources of income.

Reaping an annual income from the NSE brings to question a testy issue I've had since I joined this forum; whether the NSE should be for investing or for trading.

Ive read comments that look like one should not play the market with short-term goals in mind.

May be a period of 6 months may be too short and riskier for one to expect returns from the market, I dont think that it is bad if one has a 1-year plan for reaping profits, only if the experienced guys in the house are saying this is not feasible.

So, would it be wrong for someone to make the NSE a source of income for himself whereby after a period of one year he sells of some stocks at profit as his income for the year? I believe you can call this trading.
It would not be wrong but i think there is so much uncertainty and unpredictability in the NSE. Iam actually thinking of this your line of thought once i retire.
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  #9739 (permalink)  
Old 29th January 2013, 09:36 AM
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Default Re: The Banks

Quote:
Originally Posted by migiets View Post
It would not be wrong but i think there is so much uncertainty and unpredictability in the NSE. Iam actually thinking of this your line of thought once i retire.

it is very possible when you have a substantial portfolio, but i won't advice anybody to rely solely on the stock market. You are bound to reap more benefits from the stock market if you have a multiple streams of income.

Having the stock market as your source of income can put unnecessary stress and pressure on the investor. What will you do, if by March 2013 the All Share Index falls to 15,000. And you see FBN at N8, Nestle at N350, NBL at N35, Zenith at N10 etc. If the stock market is your only source of income, one will be in a panicking mood. But investors with other sources of income from rents, interests, profit from businesses etc will be busy accumulating good shares at bargain prices.
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  #9740 (permalink)  
Old 29th January 2013, 09:48 AM
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Default Re: The Banks

Quote:
Originally Posted by Vincenta11 View Post
[/B]

I believe a yearly income of N3.3m on an investment of N10m should be good return even if that is someone's sole source of income. If one maintains a moderate standard of living and is frugal, the person can get by. As time goes by the person can now build on the financial base to diversify his investments/sources of income.

Reaping an annual income from the NSE brings to question a testy issue I've had since I joined this forum; whether the NSE should be for investing or for trading.

Ive read comments that look like one should not play the market with short-term goals in mind.

May be a period of 6 months may be too short and riskier for one to expect returns from the market, I dont think that it is bad if one has a 1-year plan for reaping profits, only if the experienced guys in the house are saying this is not feasible.

So, would it be wrong for someone to make the NSE a source of income for himself whereby after a period of one year he sells of some stocks at profit as his income for the year? I believe you can call this trading.

An investor can make money by using that strategy, but he may not be able to build wealth.
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