Hey, I'm good evening everyone, and welcome to on the weekend with me
kalu Aja on the money spaces. What we talk about the economy, personal
finance, investing, but we make it personal. How do all these topics
affect your wallet to Like when you hear all that the complicated grammar, I
want to break it down and keep it simple and show you how it affects
you. Right, So this weekend is more more it's like an open session,
you know. So I get lots of DM people ask a lot of
questions, lots of times you really kindly answer and type a lot slight like
clear them all out during the weekend. But we can have like an open
forum. You can have a question, you can ask and then we can
take more time and more you know, take more time to readdress them.
That's really what we did, so open forum. Right. So I mean,
if you want to speak or have a question, just request, I'll
add you and then we can get going. I already have a question of
endo, but I have a guest I want to speak, So invest B
you're on the floor ahead, So Hi there, it's invest by Eddie actually
in Canada. Other way from Canada, and I appreciate you hosting this event.
Calabaja. I randomly looked up you know, personal finding spaces, and
I found yourself. I believe you're located in France. I I just I
chained that guy out all the time. Yeah, so don't don't, don't
use that as exactly. Yeah, I'm everywhere, Okay, awesome, awesome.
So it's a pleasure to meet you, pleasure to meet everyone on this
on this stuff. I thought I'd joined in and chime in here. And
I always post mostly on Instagram about personal financials and investing about the space in
Canada and the United States, but I'm planning to become a lot more active
on Twitter. So I thought I joined you yesterday and listen on Excellent.
She will be about point forward your time. Yeah, we are you invested?
Like what's your outlook? Where you looking at the investing like on a
personal level, my personal perspective is more of for like long term investing,
more so focused on you know, index investing FS, a bit of like
fun investing into the cryptal world. U real estate is another big perspective that
I'm trying to jump into. In Canada, what we do we typically use
something called the reads real estate investment trust, which is different ETFs that you
can invest in to get into that real estate space without actually owning the home.
Yeah, so that those are three different things. And I also also
vouch for a diversification, you know, investing in the North American world,
the European world, the Asian world, and just diversifying your portfolio, you
know, because you never know what happens along the world. Good points well
said, if you don't mind me asking, don't give me a bit answer.
But those in terms of decade, like how old are you? Are
you thirty thirty? What e thirties? So what ETF looking at? I
do can an ETFs us ETF? What's your best ETF? Yeah, so
I personally vouie for um. And it depends on where everyone is from,
right, I'm not sure where this whole space is from, because I see
your looks the most Nigeria and mostly but cut across, cut across, right,
I'm from Nigeria. Yeah, so I think Also it really depends on,
like I want to say, specific ETF name just because you know,
some people might not be be able to invest in it, just because it
might be more targeted for Canadians. Yeah, but I can kind of like
give like a general idea. So for example, um, the A eat
something called e A FAT which stands for Eurasia and the Far East. That
kind of diversifies in that area. Also have the sp FI, the famous
SNP five rounded that everyone talks about for the United States. In Canada that
we have the TSX stock markets, you can there's a lot of CTFs that
cover that as well, gotcha. And last but not least, there's also
the what's it called the developing countries, so that's like China in the couple
of countries like that. And the rest is typically like I typically go for
a ten percent in my portfolio, being focused on fun investing. Right,
you always want to like gamble your life away, But I'll say, you
know, limit yourself to five to ten percent and that will be your fun
investing. So just go ahead and go crazy on it. And if you
lose it the next day, at least it's only five percent offy portfolio and
you won't lose sleep over it. Right, that's my analogy for life.
Yeah, I mean I always, I always I like the US market simply
because it's the largest market of the cap most liquid market, and instead of
long term with tons, I mean if you plot at the US market across
any asset class in the world, say Japanese property or European you know,
bombs the US stock market over an extended period, right saying in this case
ten years by ETFs has returned the highest return right across US as a classes.
I mean you're looking at from nineteen, say nineteen twenty eight after the
crash ald to today, you're looking at mount six to ten or six to
eight percent average China the US market. So I like that long term consistency.
I like the liquidity, also like the spreading different options. So I
always say, if you're building a portfolio, have the US in there a
little as part of your you know, your portfolios, the percentages. Who
have to do with you how old you are? Right, and of course
you're objected, But I always have a big proponent of the US market.
It's it's the largest, not the markets called Google, Facebook, you know,
Apple, Amazon, in just one market that are part from the US.
I like Asia, Like I said, China, it's a big force
in the world. So if you're looking at you know, the next level,
looking at China, but then you look at a couch like Vietnam,
looking just like India, like Thailand. Those are like little little tigers underneath
that big Chinese tiger. Because when you're have to trade world with China,
you see lots of folks going over to India to talent sort of manufacturing places.
I like those places as well. Also Mexico, Mexico now becomes a
new China where you have high you know they live in China. They're being
ensuring to Mexico now so they can say capture the US market. So if
you're doing sector specifical countries specific et, I like those countries Mexico, Thailand,
Vietnam, very very good. You know, it looks like a dead
end to me. Man Europe with the Ukraine War, with demographics, it
looks dead to me. I don't know what's going to happen conunt of Europe.
But Africa is where I think the promises. Nigeria, Egypt, you
know, um that's a Kenya, those three ka that got the Belt and
Road initiative, fantastic opportunities there and Nigeria. It's just a big potential waiting
to just explode into return. So yeah, that's my take as well at
inversit. Yeah, nice one. I like that. I like that.
The United States, it's it's as you mentioned, it depends on your age.
But three, once you're at a younger age, it would be a
great idea too, you know, large to have a larger percentage of your
portfolio in that market just because it is the leading market. Exact exactly,
No worries, No, thanks so much. You're hanging with my quarterback moment.
What's happening my Mohamed? How are you doing so? Yeah? Yeah,
mister grieving from list to them. Oh pleez. I have this virtuality
charted you on as you guys these recent developments in the investment in the micro
investment being taking out their country that h yeah, go ahead, okay,
yeah, yeah, that's time. That's how it will request you to speak
on this evening. I'll see by this micro investment company it likes of a
curry wise like of busy biggy base and raise Tampon and the likes of them.
What is the constitution was a pactect that we have for all of these
establishment to take on our funds and invest as they in the various investments that
we have that they did put their money was what was the confidence in them
that we have that love. I mean if they Security and Exchange Commission is
licensed by city, Ministry of Finance or those of the Central Bank of Nigeria,
and the Central Bank of Nigeria is constitutional the circuits and an agency of
the federal government, so their license and have the powers to license those platforms.
Remember when you invest through for the star, Let's say you go to
Chakka and you invest through Chaka, you're buying stress from Chaka. Chaka is
an interface like Bamboo and un carey wise, it's an interface between you and
an actual broker. They reviews an actual just that broker to you know,
to execute your traits. So if you're an America first and you and you
bought shares through robin Hood, it's not robin Hood buy your shares. Robin
Hood is giving your orders in a to a broker, so they make it
more efficient for you. It choose upon your phone and you're able to invest.
So if you actually ask those tracker guys, they invest through something called
drive Wealth that's in the US and they also have Nigerian brokers and that's covers
the recommentory side. So I always tell you go for sex registered platforms.
Right, If they have a sex license, that means that they are regulated
and they are registered to carry out their activities that they're carrying out. Moments
I say a question, Yes, that's answering my question, but I'm actually
asking you to please did you know anything about these guys as in these particular
plants taking advance and they're moston to ask if they are truly lances, and
they are. They are licenses to break Tracker It is licensed by SECK Carl
Wise, thatscens by sex, Bamboo licensed by sex the trail that I go
right, There are others that I use the don't license that are pretty good,
but I don't mention them because I don't license. But in my INJURYA
took three are lifense by SEC. That's okay. There is the only thing
I'm acting. The other question I'm acting. Yes, we've always have investment
houses and the lives before. Now you understand, but these guys a life
of Bamboo, Carrier Wise and there and Track and that you mentioned. Now
I'm just coming in the form of Michael investment plan from using FM take if
I'm right, um and the way are mannering oppress. You understand, The
question is do we have an act that supports this? Michael, what I
mean it hads and using the verse it called also the various agencies that is
real license them. We have an ass that established Michael more for the space
platform. What do you mean by what do you buy? Micro sec?
SEC has a sex actor. We're established by an Act of Parliament active passion
Assembly. SEC licenses these platforms. You can invest a billion with the platforms,
can invest ten nier with the platforms. So I'm not sure where you're
going to. The platforms don't have a minimum or a maximum investment size.
They are simply and they make investing easier. If you have to invest abroad,
you would have to go open up an account to the broker, moving
money from your bank account to the broken bank account. Then it brokeer would
invest for you. All they've done is to say use our interface, so
they connect where like when you invest through Chacker, you are investing through an
American registered trader. They are simply an interface. If you want your actual
physical certificates, you can request, but it will give you your actual certificate.
So I'm not sure where you're going to with a day license. They're
not like micro or macro. When banks are licensed, banks are allowed to
receive deposits one era one trillion. A bank can receive same with the rest
of platform. You can the best tender era, you can the best ten
billion. There's no MICA. I want to I mean I will want it
to use it. Where will I leave by micro Micro's jersey estens But a
commercial bank and you understand and I was not sorry. Let me are using
commercial bank or using merchant banking? Do you understand? You know how there
is there is an amount of monager I entirely takes the machand bank to managing
a bear and as so as well. N that's or maybe you got to
borrow money from the days an amount of money you can actually borrow from the
bank. I'm compared to the micro freliers band. That's what I'm playing to.
But there's no micro there's no micro trader. That's the point I'm explaining
the stop like micrew trader. There is not like a micro trader. Okay,
where you so where you could get in a quote from If you want
to invest a dollar with Robin Hood, you can jump in best of billion,
you can. It's a actional shares. What they're doing that that they
buy a share, they break it into a fraction, so it allows more
people to buy that share, a share of a share of appolicy about how
much is it about to let's say, a share of applace a friend dollars.
They break that share down into fractions and allow you to buy into That's
what they're doing. There's nothing that is is couvately legal. Their licensed by
second as told you that. So okay, all right, thank you very
well, point I need you all right, excellent put jobs all right.
So yeah, so one secondly to talk about Owando, right, some thing
to talk about one. So Owando PLC is announcing the proposed scheme of arrangement
in English. What the see is that they want to buy you out.
That you guys know Owando. It's a public company, which means that their
shares are publicly traded, so wander. It is essentially the saying we want
to go private. They're going to buy back the shares from the general public,
and then they are going to make the company become me that like a
limited or whatever. But in essence they will no longer be publicly traded.
They will not have to publish the results online nor have agms when INVA general
public. That's especially what a scheme of arrangement is. And they are offering
you guys, if I'm reading this correctly, seven Nia and seven couple in
cash or its equivalence in South Africa Iran, because of course they are quoted
voting Nigeria and South Africa. So in essence, I don't think you guys
have any fall back because I presume to get disapproved, they would have to
vote, and I think Owando will have to vote unless if you feel stronger
against it, you can go and form your own shahol that's you know,
union and vote against the measure. Unless you do that, this will pass
and Owando will go private. The analyt I more to make up this.
I remember when when one tho first started, they should be ocean and or
a very very small it from and they then grew true acquisitions. I remember
when they bought was a national oil. It wasn't the oil come that they
bought the name using Uni Petrol. The name escapes me an easier Uni.
I think it's Uni Petrol. And then they became this large, you know
company into oil and gas and a lot of stuff, you know, brought
a lot of you know, new thinking, new funding, you know,
new service to the bride to the oil and gas industry. And they had
this disastrous year. What year was that? Five years ago? They had
a disaster let me pull up my Wando stuff. That a disastrous year and
I don't think they really recovered from that. They've been seriously in debt and
they've tried to pay that debt back over time. And I think this is
the final chapter in that story. So they've gone from being a private company
to be in a public trader company traded also in Nigeria and South Africa,
and they are now going back into going to be a private company. Remember,
private company does not mean that they are going to be small. This
is going to be a very very big player in my view in Nigeria,
especially the oil and gas sector in Nigeria, because I see in terms of
how they are connected, I eat, their connections with the ruicity, the
governments, right, I see a lot of opportunity there for them to really
expand their footprints in Nigeria oil and gas sector. They're only doing something with
legal states via the b R t buss where they're going to supply part process.
Now look at it this way. Those busses are going to be using
power generated from Orano. So that's are they're locking. The largest economy in
West Africa, which is legals is going to be powered or transported by this
company. So imagine that they stend to use gas tomorrow. Who's going to
supply the gas? It's still going to be who wanderers? Who are So
that's a big, big, big lock there right there, and you know
it's um it's I would say kudos to them for they tried. They change
the loss in Nigeria and they're going back private. Let's see what happens.
But that's what it is for you, the investor. You have no choice.
It's seven seventy seven niners and seven couple. It's what they're offering you.
That's the value of the shares right now. You can argue that it
should be more. But the one that the price share price actually reflected the
future arnings of the company. So when you see a share price like that,
it's basically reflecting the share price of the company going forward. So yeah,
D's gonna pull it up and give you guys the numbers and I'm looking
at it's quoted both in you and in the Johannesburg and legals. Um.
Yeah, so that's my take, Olive. They wants to help in He
would have a lot more to say because he's right there. So the share
prices five fifteen, so they're buying is at the premium by offering you seven.
But of course you want to ask yourself five fifties the market and the
market is irrational, you know, I get it, I get it,
But what can you do right? What can you do? Live the what's
happen? Yeah? But you want to take on this ad? Yeah?
Interesting and could you think I wanted to ask questions and I wanted to take
a tack on topic to talking about. You know, it's very interesting because
I knew a lot of people that lost so much. YEA, at some
point went to almost hundreds old example, and at twenty fourteen it was traded
up to five. Now you know, you broke it down properly, brought
it possibly most aspect, I don't he didn't not be consequence for sometimes when
surfing companies on the perfone, because I remember the security is a condition.
Chairman do it for much. Cham has issues beca I do. At some
I wanted to remove him and the president but because of uh his strong tis
living party and things like that, things showed us lost a lot of money.
They also, you know, you spoke about the fact that it was
good or the yes, they had his leg between unipetroal allergy. And you
know the fact that directors I recorded at some points when I was reading there
when I was reading showed as fellow scripts spoke about the fact that the directors
were every pig you know, desper In fact compan was and you know the
listing is that Apprican Canda already sent crazy clouds to investors and you know he
joined venture with a loose investor. Partners too. Starts took over from interswitched
to um sell with this one also thought it was going to be you know.
So my first question is, I didn't know consequence for this under performance
long as you want to sell out the selling that some people protestant at the
at the ipeople breaks of people pot however it was very high she generally consequence.
Secondly, um the fact that okay, we're going private, you know,
definitely it tells a lot that there because brain the company has his public
and he's trying to go private. Then decide that the company is going to
a different seller both size that wants to reform the business or there's something efficient
because you speak something about their sticking the energy business and reneable and what you're
doing legals, which is really makes it up sense. So when we expect
that inversals who share up the fact that working, yes, he has a
the relationship the present let the problem the managing director. So why is it
that that is come to present totally um with the integrity of the market.
You know a lot of people compeel about the integrity of the barket. You
know we are through energy support as will see how lads have made despite the
fact that everybody has blazers. And to think that Sequitiative Commission should take in
play fair play to the actions of gold. Yeah, I mean, let
me see the things that your question. Right, if you ask me this
question in a market city, you US market, the UK market, I'll
give you a defferent answer because the regulatory gyms there will be a bit different.
Right when you ask this question in Nigeria, Right, we're going to
say some things that are factual, but there are some things we cannot say
because we cannot back it up. Now, oh, I also give the
history of Wando so people understand what I'm we're talking about. Wander used to
be or Am Ocean and Oil trading company. The end is a guy called
Tinubu, not the guy at the elections, but the guy called Tinubu.
And I'm seeing this thing just both to follow me right, this company was
a trill blazzer, trill blazer in terms of how they did the organic acquisition
and how they grew the retail space for oil and gas in Nigeria with gas
and all that treatment and all. And they went into substantial debts and they
got punished. So to answer the question, when the market has punished them
by taking their share price from say twenty five mira all the way to below
fire that it was five is just today last two years? Is a share
price? Well this is this is now a penny stock quote unquote is an
oil company a penny stock? So the market did punish the shareholder. So
the guys that all these shares, they lost a lot of money on their
own until their share and that's the old way the market can punish. The
regulatory punishment should come from the SEC. And I you allude that the sex
try to do something and it didn't work out, so that that's true that
the system tried to work, and they system want to allow to work.
The guys are seven The dms on this Orando are very very angry that the
body shares are twenty five mira and now they're being forced to sell at seven
mira. What can they do? So the only thing that they can do
is to if you form your own shows association, you can go in and
demand that for a higher payment, or you can stop the scheme of arrangement.
That's really the only options you have because if you go for a who
it's going to be is up for vote. The scheme of measure means they're
going to vote and say, yes, we are a great scheme of major
I'm going to go ahead and do that. So that's your only option.
The market punishes bad behavior by crashing the share price. That's what it does.
It is left for the government to then published punish the bad behavior of
their executives by then holding them to account. If you try this and say,
the US secondly investigate you and say what's their insider trading? Did you
guys pay yourselves a lot of commissions where the share price was falling? They
would ask all those questions before they will say yes, we are approved this
scheme of measure and yes that's really it's it's a top call. And when
they go private, is that they're going private in twenty twenty three, just
as a new government is going to come. That's on that question. I
don't want to go into because we that might take us to a rabbit hole.
But they are right. I mean, we are in the market and
we can only talk about the market. I think the the the second maybe
drop the ball and hold them to account, and you can even blend the
sex sex tride and other powers that be stopped them. So tough call.
I mean if I could, if if I had money to buy, to
buy the I'm just being honest with you. If I had went to buy,
I would buy into this company in the private side, if I have
mon to buy, if it was possible, because I see them make a
lot of money when they go private because of their connections with the incoming or
should we see the government in power? So that's my take. Little they
had a comeback on that or you're gold in oh yeah yeah, and there
are other companies like this, So a good play really for you if you
are an investors to look at the entire shares in Nagual stock markets, right,
I look at all those companies, especially those penny stocks. You know,
if you go in and look at the low cap stocks in Nager,
you want to ask yourself with the guys get a good play in the incoming
governmental or not? What will happen to these companies? You know? If
one lesson that we could take away from the trans copy issue that happened last
month was that there's lots of money that can be made in attacking out of
favor or should we say stocks that are not you don't hear about them?
Everyone knows then it's bank. Everyone knows Access Bank. But there are two
banks in Nigeria that are in the penny stock range. Two banks and I
don't quote them, two banks Nigeria and the penny stock range. Nobody's looking
at those shares. Nobody. No, if you go in there now with
a hundred million narra and you take one serious pure in those stocks now,
then so level like ah, let's buying because market moves irrationally in the Chinese
want to to nine year. They're not gonna go and buy into sending bank.
They're gonna go and buy into one small dead bank that they can buy
into invest money and then grow it because that's what they make a larger return
of investments. So you want to ask yourself all those penny stocks, those
dead stocks, that nothing's happening. Will there be any law coming to the
nine Cherian space that would make those companies blow up like no gagely um um
big a lot of money. That's what you want to ask yourself. If
there are that's an opportunity for you. You know, mister mister Tatler made
five billion in two weeks, well in the num back scores five down in
two weeks from doing what his body shared both shares and waited, and of
course it wanna have to go and buy the shares from him. So you
know these things are you can you don't have to have the money yourself,
form an association, you know, get your friends together. As we are
watching ChEls a bit, askal, E're gonna say what shares can we target?
An investment clock kind of things? Right? You know what's up going
for it. Yeah, thanks, you noted something that I would just want
to have, you know, like the transaction. Yeah, it was quite
successful. Um so so look at the market and some of this just want
to see. I wanted to ask is that really deck out? And the
fact that if you look at the amount the periodicity in yellow spots, you
know the vote you think that the secret pervasion shouldn't have some of our risk
concerns flanks about things. That's right, the fact I've got to do that.
There's a Simpson treashold where the really announced that? Then you know,
lastly, do you see the fact that the literally investors were also the good
points because Plasco was the stock that was the I perish Brides Wasselfco and at
some point you will feel as black puticover. But now there speaking of stock
as book I both you want to have ascover mark. So my other questions
that what rapification I do think this will have now that we are seeing different
complation and recycling ac A spank care added another putution on is a spank good
is everysode? It will be dou to buying and more up sis some similar
units. I don't have a similar words. So I wanted to ask that
what rampifications we've seen he played out. But this is something I don't see
because right now he just like Googles, are buying and seriously in the past
compis is it based on the ideas on the transcop issue or on the small
cot tissue in general, I'm talking about the trans computue and I'm also talking
about the way the Peak and mgs or banks are buying stalks now transpar that
stalks intentional. We have seen that. I see that, I must seeing.
Okay, so look at it this way. Right um, the transcopdue
was very very clear, very very transparent. Let me tell you, let
me Google would have been back in history for you, Tony and Llume Google
a company called BGL. That's where Tony Tony there's some gentlement like mister late
mister Albert to commer back. Those are the guys that did this American style
investment bank in Nigeria. And what they did back then was to buy dead
or badly round banks, buy them, clean them up and resell them at
a big premium. So this is Tony Lumellus, Bread and Butter buying bad
companies, building a mop and building and making them really great. Stand this,
you'll be a you know used to be Standard Bank, and Standard Bank
used to be Crystal Bank. Crystal Bank was the first banking on CNN.
Was the Najiba Bank. You know they failed, Tony bot them. Did
STB stand Trust Bank and STB them pot us. If you stand what happens,
it's like how they explain it now. It's like a crypto guy crypts
like Kulda buying Zenit. That's how it was when STB. But you be
so you build them become the huge vand Pantoni is there right. Go back
to Transcope. Transcorp was created by a passenger. The idea was to make
Transcope like what you had in Korea, these tables in Korea where you would
give this company preferential treatment and a location of resources, so they will have
an oil field, they will have power licenses, they will have airports,
they will have any licenses. But you'll give it to a commercial entity,
and that commercial entity, which is Transcope, would then grow and become this
huge bihommad. So it was going to be like give government assets to the
private sector, let the private syptom blow them off. Really bring them big.
So those computers have to pay back dividends and invest in ninety and that's
the idea of Transcope. They started up, it really didn't work out,
and Transcorp became a penny stop. Nobody went there and eliminately when there and
put the stairs. Why did he buy Transcorp Because they had power licenses right,
and they had all that store. Now Transcorp owns two power fields,
two power companies who gaily and they're bought in the south at south south right,
so now it's a big company. Or Tetlan has now bought get Google
on that power company also in the southwest. So you can see the snags.
Why Ortella was buying transcop He's buying Transcope so they can meage the Gel
Google and the past and the power plants in the south South. You now
have the southern regional power player powered by gas. Forgot about the entertainments powered
by gas. Remember that transcop has already bought shares into the oil company owned
by Shell that was propously owned by Scholar. So so you have oil and
gas, you have gas, you have power plants all in that one company
transcop so Clayer business moved back to Alat to buy into five and the law
state you do not have to disclose until you hit five, which is what
he did. He bought in and it hit five and he disclosed. So
in might view, the guys and Transcorp left shares on the table and I
soon was able to come in and buy the So once they realize that there
are these shares were there, they also said to buy to close out o
empactment defense. They closed out the biliable shares in the market. And then
the first mister A that to pull out because I's only could do again.
He's not buying the shares to be a share who that's not buying for tippet.
That's buying for control so you can get control. He has to leave,
which is what he did. So it's no instanctually impassee, it's clear
opportunity you and I could have done it. If you and I had bottle
shares, maybe Tony will not have been bordered because what we do the shares,
what what we do. But I'll turn buying the shares with a with
an energy company already you can see that. Oh if he then goes to
say jipy moving and says, hey, I want to borrow money to buy
out Transcorp. Guys. That's a truth right there, right, So that's
why it had to act um very very quickly, so on that transaction could
clean transaction, investment, banking inveter sharp mind working. That's the total.
That's how businesses don't abroad. That's that there's nothing illegal there and they saying
illegal, and that that transition actually and very very quickly. And we should
learn. When I say learned, look at how they saw the opportunity.
You know, I'm looking at the chat here of the low cap stocks in
Nigeria. I'm looking at those a chat and all these companies are all look,
look, I do know if I can call names, I don't want
to call one name and someone going by and I'm seeing the insurance companies,
I'm seeing, paint companies. I'm seeing in the bank. You know what
I said that there are two banks here, you know, hotels, all
this companyon. Ask yourself, what will happen to these companies in next four
years? Right? We have an idea that there's going to be alto spending
to boost the economy. We did affect these companies in the next four years
if it will. Should you get into these companies now and take a place.
There are local drug and patching companies here, lots of hotels here.
You know, two bands I said, or the two banks here. It's
a microphons bank here, oil and gas company here. You know all that
gas companies doing here? You know, so it's your call. Look at
the look cap. Sure even this, this guy's a look cap, I
don't call me. Well yeah, so go in there, look at it
and see. Look for shares, look at the true look for companies that
have a lot of flute. Float means that there's available shares out there.
There's no point going to buy let me call them. If you go and
buy say corn oil, you know, when where's the float? You know?
Even buy more shares that st you know, so you want to look
for shars are called a floor of float. So if you buy those shares,
there's a lot of trading that can happen. Or if you an investor,
you want to look for those companies that have got fluts outstanding, so
there's activity that can then cause the quidity for you to go in and out.
For the small investors in Transcope, I'm sorry, that's what how the
marketplace when you when when two elephants are fighting, you you can quickly pick
the grass before the elect elephant falls on you. So when you saw or
Turtler and a little look, I think you know that the shepherd is going
to go up. But you know that once one person wins, the share
price is gonna crash because there's no money to buy. If by now no
one had gotten enough shares in that transcop deal, the share parts of Transcopy
are going in twenty n era because all the folks that own those shares will
be waiting for the price to go up. But now that will know that
there's a claim winner and the price has will go back down. The share
price is irrational. What really matters is a volume. I think last weeks
to talk about that the Transcope valuation. There's nothing there in that company right
for now, So the share price is just irrational and driven by emotions.
The real deal for Transcorp is when they link their oil and gas after their
power field and they want to then make real income for investors because it as
a utility, they are going to make clean, secure, long term dividend
returns for the investor so pps will love them and once parpased by PFPAS don't
sell. So that's the stuff that they're going to buy and just keep and
only give you returns going on for long term. So that's the long term
play for that company. It's going to be like you know, really struck
solid part of any portfolio that institutions would like. So it can terms will
love them, then buy it at a good price. It would you just
bed guys here, Wow, all right now it's only yeah that's my call.
Yeah, yeah, thanks, Ye're welcome, bro. Or let's go
back to the dividends. I know you guys like a lot of d ms,
there is low corporate governance. The issue will continue as the private company
they can only escape with government patronage, but invest all will suffer. I
presume you are talking about the Jando. There's low corporate governance maybe you know.
I mean, let let's be honest here. Well, I don't want
to say some things here, but we know what's happening with Oando. We
know who owns it. I will know they are connections. So for me,
I would say, look for the opportunity if Wando is going private them,
if you can buy shares there. Okay, who are their suppliers?
Who? Who are the suppliers of Wando? When would they do business?
I think they sold their shares to it. They show their hours to an
NPC AM I rights is an episode about the little out of Rando. So
look for a way you can still make some money in that transaction. Who
are their suppliers? Who are there? Who? Who is lending them money?
You know? And then try to purs on yourself. I get it.
I mean I'm saying, if you can't beat them investing them, you
know, don't you invest in it. That's that's my take, right Okay?
Um? So what what banks? Yeah, I'm not going to mention
the banks. All you simply do right, pull up Nigerian Look, Nigerian
look capital stock. So so these are Nigerian stocks with low capitalization. Right,
pull it up. It will give you a list of lots of companies
there. And I'm looking at at one hundred shares here of shares and then
take your take your pick. You know, some have been dead forever and
ever and ever. Some here though I don't think they make any in roads.
There's a company here that that assembles to your talk cars they're here,
or it's a company, it's assembles to your talks, So what will happen
in the future. Do you think that anyone do car assembly will make money?
Or do you think the car symbly would go back to say local players.
Do you think it's going to be a policy that would say if you
have a manufactural assimi plants, Nigeria will patronize you if you can make cars
and are going to burn in parts of cars. Everythink that's going to happen?
Then this loocal car companies who can be a good, good, good
deal for you. You know, there are lots of local drug companies here.
What would take will happen to look at drug companies? Will they be
patronized? Will we spend more on healthcare? If we will? Will they
patronize them? If they will? Then you go into the vaccines are a
big thing now. You know, I know a company here on this list
that got the license to run nine as first vaccine manufacturing vaccine as well,
it's vaccine manufacturing plant. Will that help them? If it will? That
looks like a buy for you. There's a bus company here, you know,
not doing very very well, high or high opex will this new government
pay for them? What about the sort of publishers here as well? Are
we going to do a lot of spending on on development, on education?
Will the government give them lots of contract to print out books and all that
kind of stuff? If they will, then also papers. That's how you
want to buy stocks. You want to buy no top down, no country,
then sector, then the individual stock right and then loose this that likes
that penny stocks. These things go for like some are going for less than
an ira. So we tend to buy like ten thousand shares and you simply
wait. You know, to go from one cobo to two cobo it's one
hundred percent return. But to go from one hundred n era can really get
to twit n era. You see. So these low cap stocks they give
you a lot, a lot out a lot of leeway to make ten twenty
percent return on your investment because they are the day denominator is so low that
they're going if it goes up by just five percent, you will make a
lot of money. Then when you buy a mature stock that really cannot grow
is revenues, I mean can thenic Bank grew is revenues by a one hundred
percent is nearly impossible in a year. Nearly impossible because they're going to plant
so many branches. But when you look at these other banks that are here,
it's possible to go the revenues by thirty percent by simply just using a
new ATM system. On these banks here don't have ATM. It's what I'm
looking at, doesn't have a TM. I don't call their name. So
I imagine if if the guy comes and says, we're going to do it
in this bank and we're going to really just invest in it, reduce costs,
improve efficiency, the bank stocks will go up because then they can do
their business cheaper. Right, So that would then mean more profit for them.
Why is the bank here and unbelievable? All right, that's my take
on how you want to read that sector going forward. Let's see, So
can you talk more about oil and gas companies in Nigeria? Do you think
they have a long let me, do you think they have a future with
the carbon? Or a great question? So if I understands this question,
you are asking if Nigerian oil and gas companies would have a future in a
carbon in a world that doesn't like carbon. I think it's a great question.
Now, that's one I would have asked myself. So the biggest player
in Nigeria right now in oil and gas, biggest, biggest, biggest is
an NPC, Right an NPC. I think, in my view, smoke
my opinion that the biggest truth to n NPC, it's not even bandits,
is the state of New York or the state of let me see, let's
just the stay of New York. What will happen in the state of New
York one day sues an NPC and look at the lawsuits those say that that
n NPC lie to American consumers that when they were exporting crude royal to America.
They're not American consumers. That's carbon causes them to fall sick. That's
how they do their way in America. It is topped to be a top
law accusing ANNPC of lying to American consumers and selling oil and gas to America.
So they were now sue any PC for one hundred billion dollars. That's
the lawsuit. They've already tried it. I'm not giving a conjectorive what they
tried it. They sued Exxon and all the sort guys in the State of
New York already suit them and those oil companies want but the blood is in
the water. Exonmobile, if you don't know, two years ago, was
taken over by an activist investor. They basically went to Exon and said,
if you owns an Exon, give us your shares. Who want to out
the management, who want to convert Exon to a greener company, and they
want so a guy with less than one percent was able to drive out management
in Exonmobile. It's the same thing you're seeing in Europe where Shell was tending
to court and they want an application to make Shell reduce their investment. Say
I don't quote, I'm on the shore. But what they want was that
Shell was to reduce their footprints in oil and glass globally. That's why I
see Shell pulled out of some fields in Nigeria because there's a court case in
the Netherlands that says they must reduce their footprints. Instead of California, you
cannot have the refinery. Forget about it. It's not going to happen as
a matter of fact, in America as a whole. I think that last
treep finally was built in nineteen seventies, you can't build a new refinery,
They're going to sue you and regulate you out of existence. The Saudis basically
have bought the refineries in Florida and I believe in Texas. So it's soundly
coming now all those refineries, so Sarah Rebet can sell their crude oil to
America refinances. That's what they're doing by Americans. They will sue you out
of existence. So what will happen is that these green guys in New York
is going to sue an NPC four hundred billion to force and in PC to
stop selling crude oil so America because they want a green, clean future,
you know, in the greater you know, that's that kind of thing,
and that's the biggest trus wen n PC. But they would lose that market,
not because our all is not good, but because of law suits and
environmentalism and all that. And without the Ukraine War, that would have happened.
That would have happened because already in America, before the Ukraine War,
they had banned what I mean day the top five banks in America had banned
new oil loans to any oil and gas in Alaska, and the European International
Bank had banned all oil and gas loans period, so they're not going to
give loans to any oil and gas company period. Osipanjo device president went to
Dubai and it was complained about this to the Europeans. You know you are
we get if you're banning oil, but you're banning gas. They say gas
is dirty. So Nigel penatural gas is also on that table. They're going
to ban oil and gas also with good oil in that done that, then
you see Saudi, you see Nigeria in Tumol. That's why you see the
Saudis moving away aggressively from oil and gas, settling down Aramco to get cash
to do other stuff. So it's coming. What is keeping it at bay
now is this war in Ukraine because they need to in the band. There's
no or Russian gas and there's going to be a recession once they get passes
oil and gas this Ukraine water and they're going to come back to oil and
gas and I gonna ban us. So that's the biggest stress I see to
n NPC down the line. This this folks in the West are serious about
this carbon thing. They're only I only they understand what they are saying,
but they are serious about it. So you'll find institution and where Nigia will
have oil but cannot sell it. The biggest battle of oil in the world
right now is the US, India and China. So let me explain to
you what's going on. India has locked itself into Russia. It has become
the discounted oil from Russia. But on the duo political level, they've locked
themselves into Chinata Russia. That's India. China has blocked itself into Iran.
So if you remove the market of China, you take out the markets of
India, you take out the markets of the US. Where will end the
busy sell oil and gas too? Maybe you have Japan, Japanese moving to
nuclear because of the way they had in from Kashima. They want to move
back to nuclear. They are open up coal plants in Japan as we speak.
So if you're looking on the Jeo political level, they are very very
few markets that are large. You know, to take away the output from
Nigeria from oil. That's going to be the future. So there was no
Ukraine. They're gonna have this green scene in all over the place and it's
going to affect revenues going forward. So you'll have the oil. They are
not bandits, but you can't sell it. That's the long term future.
That's my fear for oil and guy in Nigeria that you would have it and
not have the market it would. Let's even assume this green thing doesn't happen.
Take away China, take away India. Where then do you sell the
oil. We're gonna sell locally, right, we're having that go to thefine
so we're gonna sell locally. But long term the dollar endys, they start
to go down. Saudi is investing aggressively to diversified their economy. Nigeria is
not like personally aggressive music diversified economy. We haven'tly done a lot of other
businesses. Oil and gash. Remember it's less than fifteen percent of nigress economy,
but in terms of the revenues, it makes up seven eighty percent of
our dollar revenues. We haven't swapped around, and there are many quick wins
we can us to swap around. Nollywood, Nollywood can replace crude oil as
a forex ena for Nigeria. Nollywood, the movies and the music Nigeria cells
can really play crude oil. But we don't see it. No, we
don't have guys that are vision to see. How can we make that video
make more mond than NNPC. It's possible. You have to call the video
in and talk to him and say, okay, if you're rent in music,
you realize with this, you know you like how you do in the
world. You have a thing that you must download to get that blows music
and the vidow then it gets eighty percent. We get into percent something like
that. Technology makes it that way. The same way you go to Apple
Play or to Apple Amazon Music you downlod music there they get paid, or
YouTube they get paid exact same that Jack can do it. NIJA can set
up a ten percent fun right and every music Sian or every Noywood film,
NIJA would invest in that movie and say we invest in this movie, We're
gonna do international property protections. And if you downble this movie or download this
music, we're will they get returns for life. You will get the video
and whiskey to send again because they're blown up. But there are more dablows
and whisk its in a jague in jobs that you can invest in their music
the studio and capture their gooble sales forever. Right now, music is an
asset. You see Paul, you see a most nam sting selling his support,
flowing an investment bank for money. So you can actually go to this
guy and say, we're going to invest in you, give you studio time.
In return, we want to get ten percent of your future. And
look at sports. What a footballer's name that you know he investors buy into
his future ending so whatever club he plays for, they get a share of
that salary. Do the same thing. We're on the seventeen guys. Hey,
we're going to invest in you. Guys, We're gonna send you guys
abroad. We're gonna get tempering of your future. And if we could play
for Chelsea, we have to think in twenty twenty three, whats the technique
in nineteen seventy or like gas, let's sell oil fields that you do?
No, he can make more money than n NPC if you support him and
all that, you think it's impossible. The whole reason why we look look
look at we had fella and we had what's name Bob Marley almost age.
What's the same kind of a petie? Two young guys singing about the system
but Jamaica embraced Bob Molly, embraced him, promoted him. You know,
now anywhere you're going to want that yellow green, red flag everywhere in the
world. Jamo, Jamaica, Jamo, every music and Jamaica and Bob slid
everything. Look at what they got from Bob Marley. All that's you know,
the cultural and the built Bo Bob Molly. What they would do to
Fella, What we literally killed the guy, killed, his mother, killed
everything, killed the guy. You know, imagine that I had embraced fella
because right now, Barna boy, all those guys, it's still the same
fella vibes now I mean Fela, but it's still the same young man singing
again the system, it's still the same thing. But look at difference today.
Look at how much man they make. Look at how much Fellow would
have made. They place where fellas Pip Folk sings. If this was America,
it would be a museum. Pull up Google how much Graceland mix for
the for the estate of Elvis. Pull up how much Graceland makes for the
estate of Elvis. Pull it up. So we have to think, we
have to be smarter in how we think. You know, we take pride
in we go to Lego States, to those buildings and jabba those Brazilian buildings.
We will demolish them and build on glass, you know, a modern
structure. Those buildings could if you put them off for tourism, authentic Brazilian
building people who pay to come watch and conceal them. But we don't value
things like that. Right now. I put the jacket that I went to
the US. I saw a jacket Hunters jacket with all those ambulants, those
things that our megas were on sale for four thousand, five hundred dollars on
sale four thousand, five hundred dollars dead sold US art because of value authenticity.
This is an authentic African jacket from the Ibriy coast with all the champs,
and they'll probably buy it, you know. So we have to start
to think away from oil. And guys always say diversification, even agriculture.
We have only diversified into our culture sufficiently. What's it doing rain based farm?
Me Well, no, it isn't fatalizer. We have no storage of
processing. So that's a long term, you know, challenge for the whoever
that will be president. It's not it's no longer. No, you can't
come and say you're going to pay people to trade their money ten key a
month like the THI key a month. I think we've moved past that.
So that's my prayer, that's my fear. You know. That's the long
answer to your short question. But it's gonna happen. And if we're not
careful, if you don't get ourselves ready, then every all the youngest are
gonna leave Nigeria. And you have Nigia with old people, and when you
have only old people who pays attention. All right, sorry about our long
answer, guys, I don't apologize. So yeah, so if you want
to speak, you can request to speak our argo the DMS nor mine need
the DMS. They don't like to talk. So yeah. So in terms
of seven branch result came out last week. They had a one hundred billion
dividends. What's your take on zen bad? Yeah, So again I don't
like to talk about I'm not making a recommendation, right, I'm not your
francial advisor, so I'm not making a recommendation. But on a personal level,
I like the bank. On the personal level, right, the bank.
The cost of the bank is I e. The share price. Yeah,
I told you guys before, I don't look at share price. Look
at the p Era shoe. If you look at the pre era shoe and
the share price of the bank, you want to start to maybe this stock
is really really maybe on the price in ms of the endings that they are
able to generate. So send its bank. Let me just plull it up
to give you figure. Send it bank. The returns that they make.
I like it. You know they boost the make lot of returns. The
pillow of dividend yields I think this year is about fourteen percent. If by
I'm not strong, fourteen percent dividend yield on that stock. Very very consistent
dividend player, very very aggressive company. They know how to innovate, they
know how to win market share. And one thing when you buy in Nigerian
stock, that is that the guys know what they're doing. Every development passes
through in Nigerian stock. So if you want to build route, you have
to go and get a loan from a bank. If you want to pay
your workers, you have to get get to know. The banks should a
token no accounts, So the banks of a become a proxy to development and
economy groups. In Nigeria. So you bank that is plugged in that no
that is doing it's your own proxy to a niger economy that I like them.
So I like the stock a lot is part of my own portfolio.
I'm not asking to buy, but I do like it. I think by
paying one hundred blending individends, they are interested in being a generator of returns
to their shareholders, which is what sharehold does like to see all the time.
All right, mister too totaliberry totluberry works up man getting there, I
guess let me yeah, sorry, they could do some bagondis I mean a
space anyway, Thank you posting the space, UM a lot of the length
and thank you for sharing your your knowledge. UM, I have a I
have a comment that I have a question as well. My comment is no,
let me go with the question festival. UM, I mean big belie
by the fact that you know you can't rule out macro environment in investments.
As much as I love to invest back home, UM, very skeptical about
the market environment. And you know one thing that in there's a shy way
is an uncertain environment as it is right now Nangeria. To me, it's
still very unset like this is there's needs to be very compatible about and you
know as an investor you need assurance at least to it to a reasonable extent.
My bestal is how do you factor in macro like, I know many
of these bats are gonna do well on your own, but the macro environment
if you do like a pistol analysis of Nigeria itself, the liberal economic political
like, there's so many of certainties and investors don't like that. That's one
part. The other party is um following investors. So from my own experience,
I know that a lot of these countries don't do it on your own,
not by themselves. It is follign investments that are coming. They come
with the follign courrency. You know, divide the divide all everything ability you
know in terms of the volume, and you know their capacities. So what
are we doing to invite until those people come? That's where you can say
significant you know movements in the financial market. Um. So for instance,
um I want to invest, I would like to go for say right now,
there's just my personality opinion and I'm like to going to go for women
women back because of political reasons, you know, the biggest investors, those
to our investments. Now this addresses empower. You know, there's a reasonable
things that are going to going feeble my back. But the point is,
let's I put ten thousand dollars into women back when I when I, when
I try to when I, let's let's say just stay abode of the present,
and I try to take it and I try to be cook my investment.
I want to dose it translate back to me enjoyed dollars something? It
is something? Can you hear me so that I hear you? And I
think I get your question. There are two questions of you're asking. The
number one is the environment to invest. Number two is the repatriation. The
repatriation will be the currency is you know, the alternative is the alternative investment
for me? In one month, someone is speaking at the background ivejorment um
the alternative investment. I mean, if an investment and internet under percent,
but translate it back two dollars, it may not be up to ten percent
or john percent profit good? You know, So that's my point, like
the alternative investment. How do we call the risk of currency evolution in this?
Yeah? Yeah, I think the first question about the environment. There
are two ways look at it, like we can say is it a positive
or is it negative? With that look at and Nigerian liquefied natural gas in
any part of the world, well managed company stain the private products is the
demand in any part of the world, this company will be a world better.
But in Nigeria floods have caused them to shut down. There they are
gas outputs because they are floods and they're stepped. I think they need power
to pump the gas. So because there's there's stept of the oil pipeline,
they don't get power to pump the gas. That's how I understand it.
So the Nigeral Financial Gas has declared force Majule to supply gas to Europe.
This is only happening because they are the Niger delta in any other part of
the world to be a world class company. So that's your point of making
it the variate in Nigeria. It makes it difficult for even well run companies
to make money. And you are right and no one can argue with that
with you. They positive is this war on Buffet says that you invest when
people are feeling despondent, when there's in the street, you invest and like
people are feeling, you know, bullish, that's when you pull out.
Nigeria to me is a place where if you want to take a risk,
you put money in and if it pays off, you make it big time,
better than any other market in the entire world. Right now, someone
took a million, nine er a million dollars and invested across Nigeria stock market,
he could lose that money or he could make two hundred percent return when
night you are blows up, you know, becomes profitable. That's the way
it is. And there's no one that can tell you this is the answer
or this is what you do. But you remember that the fluctuation, the
risk is the reward. If you invest in US stocks, you get the
surety of six percent, but there's no fluctuation. You know, you get
the shorty own in surety. You know you're going to make that six to
eight percent, you know, because hey, you know you're what you're getting
now. You can make one hundred percent or you can you can lose zero
percent. So it's really inform of you saying, can I take the risk?
Is this money that I want to through incode? This money that if
I lose, it won't affect me put in Nigeria. That's what I will
say right. The second one about your the currency risk for me, I
like to copy what is working. It's a company called Julius Beggar in Nigeria.
They've been in Nigeria before many of us were born. They've been in
Nigeria. Are dealing with the government, so they understand the government. They're
big company, they are German. How do they get paid? How they're
taking their money are because they get paid in naira. But if they ever
go to Julius Begger sites, you see all their machines are important. So
they have significant foreign exchange risk in that they get paid in naira, but
then importing their machines from Germany, So how do they cover? Beggar has
opened up a what this soybins? That soy beans exporting factory in legals,
So what is the beggar doing that? The government give them their payment to
Nia, they take that narra cashe sorry, they take that Nira. They
buy cashe nuts in Nigeria and they export out. In effect, they're exporting
dollars, not cashee out of Nigeria because they export the cashoe to Vietnam and
get paid in dollars, so we have to compy them. So important as
saying I want to invest, if you take a million dollars, that's gonna
be if you do a patient and that's gonna be five hundred million narra.
In Nigeria, you can go to a Budja. There's some asistance pure you
can buy for five fred n and they're gonna pay you rents maybe ten percent,
so they pay you a fi fillionar rent. If you think you're gonna
take figon out as dollars every month or every year, you're we see your
time. It won't work. You're gonna lose money because you won't get those
dollars. But you have to look for something that you can buy in Nigeria.
Do you not hold their value or to export out and get paid.
That's what you have to do because Julia's burger. That's what they're doing,
and they're gonna stand the market if they want to look to tell the president
please force anything to give us our dollars. And perhaps they have done that
in the past, but now they have seen the right on the walls and
this is no longer a workable strategy. So we're going to also start to
do export. So the same thing with you, right, if you get
paid in Nira, how can you get your money out? Don't wait for
the CBN. Look at airlines are not being paid. The airlines are not
being paid, so who are you. So you've got to look for a
way. Either you do the crypto boys, or you look for something to
export and you get paid, this is my own view on the matter.
Or you leave the money in Nigeria. Then when they pay your rent,
you buy more houses in Nigeria. You build up a portfolio in Nigeria,
seeing all the conscients change to allow you to export. But if I wouldn't
advise, and I want to say I want to bring in one million,
I will invest in Nigeria. Then I'll take up my dividends or my whatever.
I don't think that's a good process. You get stuck if you're been
in it in think of beniting to roll it over in Nigeria or your copy.
Just begger to export something else. That's my own advice. Don't get
stuck. The airlines are stock. Don't follow the airlines follow you. Just
begger. That's how I put it. Right, All right, let's go
to big Daddy, big dy you got flosser kind of thank you for this
space, um and to me is valid point very bad. Yeah, I
would stand with you in business model, it's something that's bad having those kind
of business that bugage to break those chains that will make me creep down and
creeple your operations and your enemies. But your question is how many businesses,
even in band, how many busiens, how many compansations company have so strong
that you can you can match up that used to to get those operational issues
way to make profits? How many of those complaints right? And our market
going than to how many of the engineers have a very low facing them.
When it comes to stock markets or business model or understanding complais business mode.
Even for you to get information, you have to pay people and don't everybody
have that understanding of how the business or stock markets. So you have you
have to look for huge investment bankers or with managers who understand how to as
the minds your wealth and to look for it to get returns. So a
lot of persons do not understand. You stop to buy reality. You don't
want as a hardy stock market to goose how what you should look at people
just as empty and share sell inshis their money out. You don't know how
I want to go out to the market, when to invest in the markets
to energy have people would rather go and open a period business than you're going
to stop back it. Maybe they see that as physical cash or what can
give any easily than looking at long time values or probably having having to invest
in big companies and you get play out at the engine dividience at the end
of the financial idea. So a lot of people do not understand that,
and a lot of people need to preach it's not about having the parts every
day and pep. Probably that's but you also need to plan your world.
If you ask people in the asperate most times and you ask and you get
business ideas from people are coming energy and they're not talking smokes, they're not
talking a sports. They're talking maybe something petty businesses or many west rested zoie.
They're talking about the mostly rested for flats leader has put tenants in it.
And I won't tell you about this. This probably this is business model
complination going and buy store. If we need to retreat the point where we
say the microcom is in the environment, security applic schools matters a lot in
investment. That's how he come back to the government convention. What do you
do take issues? But we wait? Do we wait? So? But
we wait till it's one hundred percent for our invest If you wait to one
hundred percent, then the premium is gone. That's where you're talking about shotting
is carpulated risk, right, there's not. That's not that. There's nothing
like carpeted risk. Right. It's risk right, I'm great. It depends
on the risk level of that investor. They talk about we do have four
investors in the market. Read tweet from talking about how stock market is a
not valued are in the stock is because these guys are pulling out of an
injurious system. People don't have a confidence in the system or in the market.
So that's where the pure investing the market you are taking in injuries.
And one way that when you're talking about okay being poor in es change putting
investment ad into the market need forests are taking nats and doesn't make sense.
You have to go around it and see how you can pull it out your
money through dollars. So it's about you have been to say, okay,
you're coming to the market. This is how you want to please. If
you are bleeding, you know that you're breeding. Are you also talking?
You can make tempers and you can also make hundred percent returns. So that's
just my take and I just wanted to stand there's not some rest for the
foreign guys on the investor. Nagia right, Nigeria is how look at naga
as San Francisco in the eighteen hundreds. In those days, if you look
at someone wrong in San Francisco, that will shoot you. If you look
at if you build her, if you someone passed his horse and you walk
near the horse, oh you're disrepecting me, they will shoot you. But
because there was gold in San Francisco but no law, so everyone moved in
there. Some people got their goal, they were robbed. Some people got
their goal, they exported. They're going on the middle of money. There's
a complete a guy called Levi Struss. He came to San Francisco right to
find the goal. Didn't find goals. So here was a lot of abandoned
tents and they start to make pants of jeans out of abandoned tents. So
today we were liby stress jeans. The point I'm making is this, right
in all this confusion in Nigeria, there is a business opportunity that we have
to see and take advantage of it. Because just like how San Francisco everyone
to go for the goal, everyone was dying, they were banded, they
were robbing. This guy was building a factory making jeans. My bandon tense
because tents are where you can look for gold. You don't find the goals,
you're abandon your tents. So you get those tends to watch them make
gens. Why do the people and the jeans because they are durable. So
it's a it's a quote unquote motivational analogy. But the point is that in
it is the inefficiency that presents the profit. Is the inefficiency that presents a
property. There is no where in America you want to build a power plant
Nowhere, even in the village, there's nowhere because there's no there's no return
to power plant. What it means that everyone already has power. So if
you build a new power plants, they're not adding anything to to there,
not to emit there. Or you want to build a new road, okay,
maybe you can build a ten lin and toilets, But what's the return
you're going to make? Is not good to be anywhere near If someone builds
a real an American I want to build a real from California to Nevada,
so you can want to go Gambo. You also go from California to Nevada
and Gambo. It's taking them decades. They can't build it. They're doing
the environmental dis verroment that that lots of issues. They can't build it.
If you build in Nigeria now they've decentralized railways in Nigeria. If you build
legos to a bad railway connecting to protacot reelway with me, someone can bring
in content from legals or portacled moving to a bar and also exports my bar
on the chair. You are in money. You are in money because the
returns on such a real way it's more than even the airline between carry cargo.
It's even more than America. But it's more because there's a risk that
one look at America and we got scattered the whole project. That's a problem
with investing. There's a risk and there's reward. The reward or the potential
rewards in Nigeria are more, but the risks are also high. Look at
the guy that go Carda and Nigeria doing a good business, good model.
They want the State Works of Man want them and says no, you can't
do this even though they were license to do it and they lost their money.
So I get it, though I'm not. You guys are making the
right point. But the reward in Nigeria is because there's a risk in Nigeria.
That's that's really what it is, you know, and you have to
if you can't take that risk, don't invest in Nigeria. If you think
you are an go to California in eighteen hundreds, leaving the tents, buy
good, come to Nigeria. There's a lot of rewards in there for you.
If you wait for everyone to get to California, if you wait for
the federal government to get there to make the place nice, beautiful and safe,
then the return to go away because it will be a legalized market now
for Google, so you can just buy good by yourself. It will be
legal. Then the return to fall. You know, that's the whole idea.
If you go now, you can get in before the things get legal.
In quote, if you wait for it to get good, then you've
lost that opportunity. That's how I want to view it. Yeah, so
bigger the thanks for that, big, big that have you spoken? Bigter
Slonci all right, big, let's go to aj Aj. What's on your
mindself? Aj going once? Yeah? Yeah. And the issuance in the
stock markets in the imperia, I believe that is like if you're a willing
into business, the hard risk be had reward lord risk, blod reward.
I was on I wasn't I was on the stock market and chances to me.
So there's some companies an idea that the stops are currently training that I
do know about the companies. It has an opinio cope to almost seven billion
a year and that's total stock markets after capitalization is only to its pore billion.
Those are opportunities that who can key so if they want to that would
read the dotal rewards down the line. The company is doing. The company
is giving in our dividends almost said k. That's the that that has done
on investments. Yeah, but you don't buy the stock if you if you
want to buy a stock, right you for me, look at earnings are
important, true, but do you have an idea of the cash. I
didn't make any cash back. I didn't pink cash and I highlyed a pink
cash and they individends. That's what I want to see. Yes, what's
the company? It's bad. Oh those guys are good. Yeah, I
yeah, that's that opportunity. I believe that. I believe that that was
one of the most starts in the interior, that opportunity, that that opportunity
has been taking. I won't lie to you. There was a time that
company was an opportunity. But now people have non a butt. That company
have been bought by and there's a fund that bought them or something like that,
A brought into that company, so they mark them out. So if
you're buying just because you're not on the crest, that wasn't very very good
opportunity. Nagia from work because I mean the model is crazy. Now they
had two hundred million Nigerians and you must sleep, you must sleep, and
you must have a children's mooka film viighter form. There's the main one fighter
form mooka Fomka from the guys from Lebanon. Writers like that. So that
yeah, I do, Yeah, a good opportunity I just hope that they're
not being fully maxed out. You know, I forgot to mention this guy
was talking about taking money out of Nigeria and nigients always have Wazo. There's
a company called new Gold ETF. New Gold ETF Nigerians found out that if
you buy new Gold ETIP in Nigeria, you can sell the new Gold ETF
in South Africa for dollars of new for rand. So that's new Gold became
the best selling ATF in all of Nigeria. Because people will make their money.
They simply go and buy new gold sell it in South Africa. It
was like money transfer. They didn't care about the profit or loss. So
there's always a way if you have a good investment advice that I would show
you how catch your money out of Nigeria. But after a while it becomes
too expensive. And I look at the price of new goals is so high
that if you buy to sell you you know, the yield a little bit
are high. But age a good call on that. Let me look if
I pull off vital foam here, let's just see what it tells us together.
Are you buying yourself A yeah? Just let yeah about it is not
that high. About yes, nineteen n about two hundred and five a day,
very very low volume. Let's look at let's look at their summary and
see what's happening there. The price has gone down a bit in terms of
their volume or pretty much in thirty four nets. Match. No, this
is not good return investments just fourteen nets. Profit margin is seven not very
very good or pretty much in thirteen percent. I'm not impressed. Yeah,
quick rasies. Yeah, that income not a lot of yere operating cash,
but they don't have a lot of cash mine or three point one seven operating
cash flow, yeah, net changing cash. They don't have a lot of
cash, So I would I would just look at the numbers a bit more.
But like I said, this this opportunity was there before. It's now
been taken over. I think lots of people put into this company. And
yeah, let me look at the dividends that they've paid. The dividend yield
us that now it's about seven point one seven last year about six, the
year before twenty one about seven, twenty twenty about seven. So the average
dividend yield here is about six or seven for by to four. Yeah,
so I mean you can get more piecelypoton Nigeria bond. So yeah, that
was absolutely yeah, yeah, and sorry I have another question. Yeah,
for all these penny stocks yeah win stye. Let's say he stock has a
and have you treating landed treaty a million? So if you buy a million,
NA want to stock? Well, definitely that we moved the stock personal
of course, of course significantly. I know a guy I was not illegally
if I said it. There's a guy that I know it particular individual,
one guy. He was moving on the price of particular stock he himself because
nobody was buying it. So remember to look at how it works, right,
the market only allows the exchange only allows the stock to move up by
five percent, only five percent add So what it means is this if if
you go to this floor and it's the one and A stock, if it's
on bid, that means people want to buy. If it's on bid,
then people are buying. What the post is the closing bid and the opening
bid. So if it's on bid for one mira and you build for one
O five, they will fill your order because you are building higher than the
current bid. So if the market closes as your baid, you see on
new that the market close at one o five. You remember, you remember,
So the next day, if the market opens at one oh five and
nobody's biding and you bid for one who six, they'll carry on the news
that the stock closed at one oh six. This is what this guy was
doing. He was just buying the share. So during the day, people
will trade, trade, trade book and build for even fifty sixth couble,
it doesn't mind. But as the share is about to close, he will
bid for one hora or for or for fifty nine coble. The price was
going up every day, and they take the closing price. So if you
pull up the share price, you'll see that, oh, the stock X
has been going up in price every day for thirty days. So you say,
wow, so the stock is gonna be I price that todays. Oh
this day is a hot stock. I'm going to buy. But it's nonsense.
It was one guy in a room somewhere waiting for fighting for the market
ends to just bid higher. That's all he was doing. So how can
you avoid this mistake? You have to go back to the volume trader,
because if you look at the volume trade, you see that this guy is
just buying one thousand stocks. It's one thousand stocks making this shepherds to go
out number one and number two. There's no change in the ending. Dividen't
yield endings, Everything stay flat. Why was the guy doing it? Because
when he's doing it, when people now catch on, you know, because
that was in days where I don't know if you know, how do you
have the market aging? Right? There is the guy called Aboloju. All
those guys making zero abologue that guy. Let me tell you some history.
There was a newspaper that was sold in Nigeria on Mondays, Monday mornings,
Monday mornings. It was called Stockwatch. That newspaper used to cross a riot
and tell me and bridge. When it comes out, people will leave their
car and be chasing the guy to buy it. Stockwatch. That's magazine.
Oh my god. Because in Stockwatch they will tell you the hot stocks for
the week. They will tell you if you buy Stockwatch, you simply buy
all the stocks listed on Stockwatch and go to sleep. Next week the stockach
and go up. What was happening greater full theory because everybody was buying the
stop stocks on Stockwatch. On Stockwatch, then the stocks were going up.
In price. They used to hold seminars in the catcher. I went for
one of those seminars. It was so real. When you go for that
seminar, it's like you know how they do churches, megachurch. That's how
they held that seminar. The entire seminar is down to one thing. That
guy will come out. When you come out, he will give you his
top ten stocks. I was there his top ten stop when he stocking top
ten stocks. If you dear, make noise, they might kill you there.
If you took you keep silence. Everybody's writing down his top ten stoptic.
I will say number nine. He will call us on the stock number
eight he called the stock. If you like, don't write it down.
He will write down the top it is live. Look if you guys fiction
live in they catch your warehouse. He will quote the ten stocks. People
will live on Sunday with those Saturday on those stop stocks. On Monday morning,
all those stocks on bid, all those stocks put it down bid.
So it's a self fulfilling prophecy. Because he says it is good stock,
people go to buy the got people are buying. The stock goes up,
the volume goes up. There was a lady, a Chinese lady, and
let me call her name Summing. A Chinese lady had a shop on a
baby in the catcher that one shop listed on the Nigerian Stop exchange. The
prize of her share was the price of meatpie in her shop. But the
price of the stock price was rising faster than the part of the meats by
in a stock. People are buying it. That's that's one shopping look.
Maybe people are buying those stocks. It was with boom. So it is
when you go borrow money and you buy those stocks boom till the whole thing
crashed because in the end the market plans fundest level, the whole thing crashed.
Why was it for mean low interest that you borrow, You go to
the bank, the bank give you a loan, You buy stocks. Those
are days of IPO. You buy IPU, you make a lot of money,
but it all crashed back, you know, so self fulfilling properses of
stocks and volume. You have to careful you don't buy it on the stock
price. And it's a what you want to basically use ag so ag and
if you are alive back then but those are those are the fun days of
stock broking. So many people think that they are stock investors because they simply
buy the stocks one is going up and they certainly make money. That's only
the best thing. That's gambling. You're you're taking a bet that the market
will go up, so you buy those stocks. If you want to be
an investor, you've got to understand how to read the balance, shape,
the cash flow, the incomptatement, Understand what volume means to the market,
Understand what's pee means to the market. Right, and we also given told
the guys to about the police inspell the general of the Inspector General of Police
that was using conducted money to buy shares in two blue chip companies. And
those bluechip companies were going up in price. I remember I was an universitent
buy back then were analysing Thistan, why is the price going up? You
shouldn't be going off because nobody should buy a thistignent rate. Every day the
price was going up if any price those stocks are quoted, somebody was buying
that. Somebody was the ig because he didn't care about returns. His cost
of capital was zero, So what are the stocks too? That the whole
era of evener he didn't care. He was using Corto money to buy stocks.
So that just says what will happened in economy if corruption goes to the
stock markets, the market will blow up. And that's what's happening back.
And so where I capital about buying on pricing, the marketing itself should be
bought on endings, future and its own current prices. Hey, Victor waterp
Man, Peter Sky, how you don't thanks agi a pretiod of time.
Victor, you've got the floor, Victor Welco man or a Victor is getting
busy. Let's get to get a good guy. Martin watter Man, Martin
hy doing um hosting the space or my questing the stock markets which act in
part of you answered by you my western is um. I generally I know
just how they stopped stock market behave, which is somehow different from the other
in making economy like the US market, like in a high um an environment
where that the interest rate is rising, like the monitor point is rising.
I explained that the stock prices should be should be going down. And also
I think it has felt the fruit of any but I know the case in
Nageria. I just need a real expression of that. You know it requires
it's different from the US stock market aware, um different We announced the interest,
the policy, um the different fet and you will see the immediate reaction
and invest or sleep. But the stocks and cool. I think that some
lots of economical spelnd as well. I think that's not why it happened.
Is your stock marketing. And I'm pretty countries on the understand mum standing investor.
So I just want to understand that you want to understand, you understand
how the third moves price and all that, like um about resist the multi
police series. I think I should affect the stock price um like that of
the US where different florities raised. You notice the mart the market reacts by
may probably circle, well, that's not it's not don't happening, not your
stock marketing. As most stock prices stay flat. Fact the fact that the
multiple policies is eighteen percent and is sirizing also as a stay going on.
Some of them stay flat. You know, the affect market. I think
a good question, and I think that two ways to explain. Number one
is this right in the how does the US work? The US has got
we have small and medium sized compares the samis in the US created jobs how
adults. Samis funded mostly from bank loans because it's easier to get a bank
loan in the US, so and credits in the US. So you have
a small Starbucks, let not say maybe a smaller non branded coffee shop.
He's employing people, he has a credit card, he buys his coffee,
he makes coffee, he sells his coffee, all on credit. So when
he buys on credits, he sells coffee, he gets paid, he kills
off his cit cardonis loans. That's how a normal business abroad operates like lots
of credits, lots of consumer financing, and is binanced by institutions like banks
and even non bank constitutions. So when the MPR or India own caves,
the FED rate goes up and down, it has a direct effect on that
coffee shop in the FED reduces interest rates. Then he can borrow more from
his bank. He can go to his bank and borrow more to buy a
coffee grinding machine or to buy a new expressing machine because he can buy more
because it's a lower interest rate. So it's a direct coalition that he because
he's connected to his bank, he can borrow more and buy more in the
rates goes down samething. When the FED races interest rates, his bank will
give him a higher costing loan. So he doesn't borrow as small because I
want to borrow and again to debt. So he's like borrowing less because the
interest rates are higher on his credit card and all that kind of stuff.
He can't hire people, but if he hires people, he has to pay
the rubbers from debt. He gets cleaned up when the customers pay. So
it's a direct coalition with the bank rates at the level of spending by the
consumers. Well be because when we're talking about the households and the and the
institutions, there's a direct collision between how they spend and the cost of capital
because the bulk of their capital is from the financial institutions that's offshore. If
you come to Nigeria, the bulk of funding in Nigeria is not from the
financial sector as modified. It's a statistic by the a Final the Enhancing Financial
Inclusion Nigeria. They say that only it is less than five, but just
five to make it look nice. Less than five percent of Nigerians have ever
assessed a bank loan in their life. Less than five. I didn't know
it's about three, so let's than five. So if I start a coffee
shopping Nigeria, I'm not buying coffee or buying a blender with bank loans.
Usually with my own money, my own service, or my family and friends
or my rich uncle. That's give me money. So if MPR goes up
poor down, doesn't affect me because I'm not borrowing money from the bank,
doesn't affect if I hire people, it doesn't really affect me, per see.
So that's number one that I don't get affected in that. But the
real risk is that works in both the US and Nigeria is in the risk
free rate. When the risk what is the risk per rate? That is
the rate that the government of the country borrows money at. So in America,
when the government wants to borrow, when they issue a federal bond,
those bonds right now at about three percent, they are usually about one percent
two percent. Why because the goverment is very very safe. So because the
goverment is safe, they don't pay a lot of interest. You get your
money back, so there's no risk here, so they will pay you a
large interest. In Nigeria at the risk perrate that's the treasured will be rate
and the federal bonds rate that's the rate where you are borrowing to the best
best, So you're leading to the best borrow which is the federal God.
If you buy lend to the government for one year, the government will pay
you ten percent. So ten percent is the risk pirity Nigeria. It's very
expensive. So what does it mean? It means that if I want to
do a business, that business must pay me at least ten percent plus.
Otherwise I does invest in the government bond at no risk and I make ten
percent. So when you see the Federal the NPR and the entre Person Committee
say they raised interest rate to fifteen percent, what should happen that all the
banks now lend your money at fifteen percent plus? Witnesses too, is very
expended to get a bank in Nigeria. But so if I am that coffee
guy, why should I be employing people, paying people paying epper to borrow
money at fifteen percent. Rather, I'll take my money, sell my coffee
shop, close on the business, and invest money in federal government bonds and
make ten percent risk free. So you see the problem. If the MPR
goes to two percent. Then if I under covery machine, why should I
put one in the bank and end two percent. I'll rather go and redust
my covery machine, hire people and make more than two percent because if I
do my business, I can make more than the risk spirit of two percent.
So when the risk periit is at fifteen percent, it's too high.
And then the the risk spirit is at ten percent is too good, so
it kills sames. Why should an same pay taxes take risk to make fifteen
percent where they can just give one to the federal government and make ten percent
no stress. So that's the relation in Nigeria with the MPR and the risk
pirit is too high, So what's am cooler and longer taking risk? It's
not worth the time. Put your one in the pen a government service bond
and make ten percent, so that's it's cleaner. When America, why would
you take three percent when in pictient is eight percent. So the runner start
the business because the business pays them more than the risk pirate. That's why
you say I'm jointing business America because they can only make wealth when they add
value. But when you're only taking rents from the government, there's no value
adding that ten percent. So right now, when you lose you but you
get the point I'm trying to say, Martin, risk pirate has to be
down. If it is down, you force people to take risks to do
business. That's summary. If it is too high, then people are not
incentive by They can simply put money in the government and make their money back.
So it's not good, right, ex Victor Watter, many those have
a go ahead. Okay, so sorry, at the time I was friend
about my own story by the time I cut my hot Okay, so um,
first off, almost I'm a soft developer, right and then I'm to
stop and I'm you know, trying to you know, to go new wish
to anyone. So and then you stop on they seem like a very personal
plason to do that. Now, I mean hearing about what you guys are
saying that you guys sound like you know, so basically we know the Um.
I just want to know and need some sort of advice as to where
I can start. That's that's it's my question, thank you very much.
Okay, So um, question for you like to just decade wise, how
old are you like Teddy Folly fifteen? Um, I'm okay, so young
guy, right, So I hear you say you want to invest. Are
you invested to me long term money? Or are you investing to do like
short term cash out or investiate your retirement? What's your objective investing? Oh?
Okay, so I hadn't really starved those objectives, but I can get
around you don't getting things on interact that uh you know the young money and
you too because of the fact, um, I've got an InCor incore innect.
I hear you what I said that? Why are you investing? Are
you investing? Are you investing to make long term like you want to just
have savings for long term or you want to just maybe you want to just
wr money whilst you're waiting. Are you a long term guys? Short term
guys? Okay? So the way I might approach this to make the investments
that are long term, then much okay. So what will happen if you
bought a stock today? You know it's a good stock. You know it's
a good stock. Maybe you you you haven't it guy? You know at
least technology is going to blow up in the next year. So you invest
in this company, but the stock price is down today, I mean stops
is going to go up tomorrow. Would you sell that investment and cover your
laws and just quit? Or would you that way? Man, if it's
two years till that stock mix is promised to become reality, what would you
do if you invest money the next two years stock is as it is,
really making the laws? Would you sell? Cut losses? So would you
like to hold on for two years and see what will happened? What do
you think you do well? And basically the stop let me see the boy
stop to lend tomorrow shape, but the next one year not going anywhere,
and I think the Russian art team will be okay. So I mean,
so if you came to me and you you gave me this answers to given
to me, I would say a moral like a short term You know,
your trading guy, you are looking more less as you know, making a
return on invested capital in a short time. So that's a trading or trading
mindset on a long term guy. So when you are trading, you want
to be very very careful because you are looking for signals. You're looking for
market momentum, you're looking for news. You are trading on news. It's
a very, very difficulty to do. I don't like to advise p put
on this particular spectrum because you are literally trying to trade against the mindset of
orders. If I think that a stock is going to go up, you
are only going to go down to us put our money on the table.
One of us have to win, one of us going to lose. So,
but I hear what you're saying, I would like to put because to
teach you how to trade it is a different topic entirely. You have to
understand how the market moves and where to place the bet and at what price
to be to place the bet. In your skates, Victor, you are
interested in the price of the stock, not in the value of the stock.
Souch a different discussion. You're looking at the price. You're asking yourself
it's the price over priced? Or on the price? Are you are doing
this against what's called the intrinsic value? You have to read to put all
this stuff to under standard. Is that you're training you're like more, that's
a truer guy. But if you're a beastible long lea, yeah, go
ahead, sorry, sorry for cousin. Please, So if you have to
advise so like I'm commonly a very blunt right, so willing to them.
So I just gave you something that in my head in contain right, So
you are sad price even advice to somebody who knows so much about being answers.
Right, Oh you're a person. Let me for your age, for
your age right context, Sorry, he's I gotta gotta be fast. You
gotta be fast. So wholes from your and then there alternatives income for me,
especially when it comes to text, so I can't they will software rights
with and all of that. I can make money come to data. Right.
So if you are to advise, knowing that episode of that other alternatisodes
of income for me, right, alto to tell me some sort of stop
investment, I would victor, I would say you should make your money in
your core is or business this tech and look at the financial markets as a
way for you to hedge your income, hedge your income the stock market.
So let me, let me, let me finish talking. What I'm what
I want you to do is to say I have a job in the software,
but I want to make revenues. I want to make long term revenues
or income or savings using the capital market to help me out. You are
below thirty, you are very very young, which means you have the benefit
of compounding in your favor. If you took out ten percent of your income
ten percent of your income and you invested it, that's before you're not going
to pay tax on that because if you do an arressy, if do a
retirements invest account, you take that money away from your income from taxes,
so they won't tax you on that. As a first advantage you get there.
If you were to do that, you put the money into an arressy
or you invest on your own, then you're building up yourself a portfolio in
the future that should engine happen to your career, you have at least put
some money aside that we use the base of compounding to get your assets in
future. I would as I would say, let time value of money be
your friend. Take money aside, invest it and forget about it. Look
for an ATF that invest in blueship, dividend, paint stocks in dollars,
buy it, reinvest your dividends, and leave it alone. Just be consistent
with how much you're gonna take from your current income so you get paid the
talent error. Take ten percent invest in your portfolio blue chap equity based dividend
pain atf invested, I'm forget about it. Rule over your dividence back and
that becomes an investment pulling for you. It's a hedge against you losing income
when you walk in the IT state. That's there. They fast paced.
That's what I would advise that you do. It's got no fallbacks. You
are younger, you can take the risk, and I want you to look
more of longer term. You can have a second popular trade, but do
this one first. Better. Gonna move on if you yeah, water,
yeah, let me just I think this just a tapulches of people who just
us and get funds directly because it's for standards. I think the usually don't
understand the stock market so much. For this kind of customer, you have
phasiness. This kind of customer enviromental manage. A customer usually advise people that
want to get the stock market just go with the staple stocks first, to
look at those companies who are profitable, those who are any and they're giving
them payers compared to the share price. So I would just drive that.
If he says, you just want to look for it because it seems like
someone just want to put money so gay that's going to eat investment. Maybe
he has someplace forms that is not using. I just want something that could
just generates revenue for him at the end of the year for his counting his
financial games. I don't think you should just look at the staple stocks.
You have quite a good number of staple stocks that have the form over the
years, and you could start off with that to understand the market can at
maybe valid points. But if you feel probably you've seen it particularly it seems
like someone who does not understand so much about how edge forms and stock market.
Well, so you could start with that and do your own personal as
is all. You could sourceful u consultants who under standing market everthing, guys
who can give a better advice for me because just three invest from d Yeah.
Why why I recommended again it is recorded space. Why I recommend ETFs
is one it diversifies what is buying. He doesn't know anything about the market.
So let's say he went to both and both say two markets, I
bought Nigeria and America. So he would buy someone like say vt I that's
an ETAR that would diversify his investment to the US market at a very very
low cost. You can getting at very very low cost diversified. He's buying
a basket of more than four thousand shares in that particular at year. Then
he invest his dividends, so he's growing, he's brother, he's broading is
based, he's reducing his average costing, and he's buying into an asset class
equities which over the long term has shown to make a return that beating inflation.
Remember he's getting his dividence in dollars, so he's divers fund away from
Nigeria, away from the Nigerian currency and the geographing into the missile. He
also buying Nigerian stocks. Again, I like the t for t is probably
the m x MXCI Nigerian eter to tick the ticker is NGE. If you
buy that at for Nigier, he's buying the top tet stock in Nigeria.
That's empty n ACCESS. You be a send it than good to cement all
in that atar. So we're making just two investments. You are buying the
best or you're buying the American market. You're buying the Nigerian market. Then
you are investing your tip them so you are bing an equity play long term
play into the groups and direction of these two geographies. That's how I would
approach it, right, So that way, even if you are wrong in
one particular stalk, because you're buying into a basket, the other stocks help
you out right, That's what I would save Coffee is age and all that.
Although his objective was not to go long term, but I don't do
short term treating because that needs a lot of knowledge. To be a short
term treat that you need a lot of knowledge. It's easier to go long
terms just and want to buy into this sect and just hold them. And
they say want to buy and trade. Traders have a lot that they learn
and how they execute they are trades. I'm also need financing, so I
will start off with long term trade. Learn the market before then we'll go
into short term trade. Guys will go from ten minutes to go. So
I just thought, my friend Vincent just corrected me. Thank you Vincent for
all. That's number one. If the market only allows ten percent, you
know, I said five percent, it's been increased to ten percent. So
the stocks can only go up and down by ten percent a day. So
that's how fast you can go ten percent up and down in a day.
And he said, what, my friend dis market manipulation. Yes, exactly
the points I'm making Big Things said. Back in those days you could say
those things. You could have been disciper and say these are the top ten
stocks, and it was. There was no rules. I gave that.
That was why they were doing it and making a lot of money. People
will come on air and say, go and buy these particular stocks because they've
already brought them. So when you buy them, you're buying what they already
bought, so you're making money for them. It's called front running. It's
illegal. But what didn't back then? The name I don't call his name,
but it was stock Watch. Yes, his name was family, Yes,
I get that. Then the restaurant it was called Big Treat. Yeah,
thanks for life. I forgot this this business. So thanks for reminding
me about this company name manfully hiding, Thank you anywhere broke ahead? Yeah,
So my question a very short one. So IM practically needs to invest
in I'm an account on account and so I possibly share for capital recently did
yeah, I opinion, So I'm trying to you know, um buy started
long term actually the Montreal basis. Yeah, so first of forms actional how
to you know, money pushes you know basically books and then maybe companies or
apps using or nutritious So where you based? Okay, So I mean if
you I will just give you the three SEC registered companies in Nigeria. There's
Chaka, there's cowing Wise and I Blatter's Bamboo. I think on all those
street apps, Chaka, carter Wise, Bamboo, you can actually hit the
you can hit the search page and you can they break it down for you
by objectives and all that kind of stuff, and they give a lot of
classification of equities, bond shares and all that you can actually track. They
have watch list that you can put this back store tracking or eat if your
track it and they can track it for you. So any of those apps
can do that for you. There are apps that you can use to invest
abroad directly, like robin Hood is very popular, but you have to have
socials. You can number to have Robinhood. So if you don't have a
suggest a good number hours, go with this Tree and Chuck apps. They're
pretty good and they're second listed right, So yeah, that's what you want
to do all right, Yeah, thanks for How about what's the difference between
Carl Wis Chuck and Mary Stime carrying O Stone and the like. It's just
that it's just that Chacka is an app on your phone. I think Marthem
also has an app. Marythtem is there are brokerage. They're brokerage company like
a stock broker license. Bad is not just stock exchange second order. So
you can actually go to them and say you want to buy. But what
check at them do is that they put on your phone. You know,
it's like you can buy abroad. You can see on the phone you can
buy a fractional share of a company abroad. That's really what they're doing is
like going to the airport to buy a ticket or buy the ticket on your
phone, like going to the Expedia. So it's just it's just Expedia for
stocks. That's what they're doing. Nothing different. The checkout will still go
to Menistem or any other lookout stops you to buy in the local stock,
but doesn't make it easier for you to put you up for you that's all
you're doing. Yeah, just yes, you're welcome from ox College. What's
up fifty minutes guys, we're gonna shut down on the hour, so let's
just take it down here. Ox collar is a good flow. Okay,
good, it was a man, I'm good, so M thank you very
much for that brief info you give about Vega Julius Vega about how they get
to retrieve cash. So my question is, is I wanted to, like,
if you are to put your being the place of someone that is sitting
on about let's say five K to thank K dollars and you want to actually
invest in Nigeria and you're expecting a passive income out love, if you could
give like treaty four options you could get to invest in which boys of like
by k to thank dollars to get passive income? Thank you very much.
Yeah, So all I would do is that I'll go to Google and I'll
Google and I'll just typing. I'm highest dividend paying stock to Nigeria, dividend
yield, not dividend highest dividend paying yield stocks Nigeria. So let me let's
let's do that together. So I'm my Google, I just start typing Nigerian
stalks. I'm just typing myself talked to Nigerian stocks stocks weight high dividend yield.
That's what's going to give us. Yeah, and it gives me a
big It gives me a list here you see, ap, it gives me
a whole list. Here do you do? Do you do yours? What
did they give you? Yeah? I think I'm seeing as says Cope month
side DMS and its dividends yield as at twenty twenty two or so. That's
what's so that that's basically an answer for you. It's going to give you
a percentage. Why it's giving you a percentage that you can compare divided yield
of a stock to the to the rental yield of a property to the to
the coupon yield of a bond. So you want to compare the dividend deal
on the stocks to see Nigerian's bonds. So again you go to the Google
A. You're typing what is the yield to maturity? The top of bonds
is going to be yield to maturity if you're going to hold it to the
period of just typing yield, what is the yield on the federal government bond
or saving your case, savings bond, savings bond, just typing yield of
a savings bond. The answer is where they just sold some last week.
I think it was thirteen point two. So you compare what's your concern?
Okay, like as our last year around November last year, isn't them?
I use them as we invest to actually make investments. So my contint is
since I am converting from from foreign quaranty to Nina, I don't actually wise
to get to do agency means pot because of the Nia evaluation and also the
inflation rates because me could put my money back. Okay, so pause,
so pause, so pause. So if you have dollars, you want to
dollars, so it take you Google. You asked me you want to buy
Nigerian stock to give the stock, so change niger to US stock. So
just put US stocks with the highest dividency of typing of Google. And what
does it give you? Okay, how does it give you? It's gonna
give you lots of ets. I like eights again because you are actually a
very very cheap in quote if compared to buying direct. So you're just type
in you can just type in eat US ets with high thing, then yield
US etars with higher thing. Right US eight years I prepared I want.
What do they give you? I have some here. It's giving me already.
I have no Golobal and all those stuff, all those wants it gives
you. So now you want to be careful with just buying on returns.
But because you said you're looking for a dividends, that's why you're doing this.
I like Vanguard and Fidelity or Fers and Investue because they are larger,
so their cost is cheaper. You look at the the what's called the expense
ratie, so you're not getting dividends in one hand, and they're charging your
interest or cost on the hand. The point I'm making that as long as
you know what you want to buy people without going through a brook and you
can do it online yourself. It's just the platform that you need. So
it has the answer right there. You can now compare your dividend yield with
any other investment yield out there, and you're say, okay, if I
want stocks that have good in then you also good. Look at the five
ps dibiliendity. So another's bier stock that has just tu for one year,
look at the five or even ten year dividendal and you you just compare that.
You pick the best and then you go for it. If Fancard has
by M s c HD, they are property doing the nyields. They are
stock individend deal so there are stocks that they are eating. That invest in
stocks, it is investing in real estate et investing alternatives. It's really what
you want to achieve. You have to invest aquity objective. Yeah, yeah,
you talk about stock merketizing or something, but I didn't see it,
so I don't know what n GE is. Let me see. Let me
type it in the y're putting caps because the name, the name is let
me give you the exact names then you can look for it. Let me
give you the exact name. The ticker is nGy. The name is the
Globe x MSCI in Nigeria, so the actro name is the Global x MSCI
in capital the Nigeria et So the ticker is that ng If it's not.
If it's not that that platform you mentioned goes on that platform and see just
type in the ng is a ticker. So when you buy that, then
you's basically the emerging market ETF. It's multi CAAP is target in Africa and
then look at it. Let me see what I can volume is very very
low. Expense rassue is about zero point zero eight if I'm correct, Yeah,
zero point zero. It's a bit expensive, but yeah, that's what
you get. You want to buy Nigeria, nobia yea zero point zero's did
that the expense rassue. So if you want to buy Nigeria, this is
why I prefer you buy this one here. Because you're buying abroad, you
get a dividends abroad. If you get dividends in dollars even though the Nigeria
because you are buying the stock abroad, so they're gonna use and give you
your returns in dollars as well. Okay, thank you, thank you very
much. All right, cool, Norris, I was just going to shut
down. Let's see who hasn't spoken here? Ah spoken? All right,
guys, well about it. Four minutes left, four minutes left, Let
me and they will culture day Olive, thanks for hanging out there, appreciately,
just taking here in case. Um let me go to my ideas,
and it is asking about solely minerals. Those things I don't touch them because
of the regulations and all that, lots of gold going out and all that.
I don't know too much about a sector that they will talks. It
is not in the market. I don't touch it because it's now down to
business right, um ng X sorry what's your name? These guys do agricultural
commodities. Um ah? That was? That was that a culture courtis from.
They do maze cow peas co code. They are not sure doing solid
nials so it is not trainable. I don't touch it. Starts for me
personality right. What are the downsides for export? And export is not your
your men? To export is very very technical. You have to understand what
you are doing. If you google, if you google Carlo Aja, Nira
metrics export. I try to do a very very detailed report on how you
can export to Nigeria. Lots of links in Niger and Exporting Potion Council.
I always get them a shout out. That's one federal just let is working.
They've got lots of materials on your site. If you want to export,
you want to start from resting with those guys and then following what they're
doing. So I give you link by link what you can export, where
you can export it to, how you can get your market research. Do
your research before you export, if possibly go an intern before you export,
because you can lose all your money. Like I just exported stop to the
EU. It was returned because we used chemicals to disaspect the continents. So
do your do they just first? Olo, go ahead, go ahead,
and a good floor, a great nansia. Yeah. Also, let's start
checking. Yes, okay, here you go ahead, It's okay. Anyway,
Thanks for this opportunity. But I would appreciate at the time there was
a timing people before this. I tried sending you a DM. I think
it was not open them, but I trying to wanted to discuss some financial
related issue with you. I don't know if your DM is open because I
didn't stand this space with If you can just check in the SPA from into
listening, you can just checking this open. What's the question? What one
of you can just checking this open and send a question if you just app
But anyway, what I just content how I just wanted to your investment or
portunities with it, and then you ask space. Then I was thinking of
where I could just possibly put a millionaire brood. I hear right. I
don't answer questions like what should die by? What should die? With want
of an era? It is a good stop to invest. I don't answer
a questions like that. I'm not your advisor. I'm not offering you.
I'm simply we have the conversation. So lots of dms come to me.
I have one with your watch that by, I'm not going to answer those
questions. You see how I answer questions here, we'll see things. I
go online, I google it, we look at it together. That's all
I'm doing, right, So I'm not gonna answer those kind of questions right,
and you haven't. So you have to ask you a question the way
as you can get a response. If you ask me what that by,
You're not gonna get an answer if you come to them and say hi,
hello, good living good after I don't need them instem and they won't.
I don't I don't need them, or they won't open them if you have.
If you're serious, you actually ask the full question. If you say
how are you goodness, I don't need them. So you have to really
take advantage and say, hey, this is my question. What do you
think? Or you have to show that you've done some efforts that I want
an opinion. Right, If you just say what should I do? What's
gonna answer you right, So I hear you, but just putting that true,
putting me true. On tips, I just said it here, guys,
go online CALU exports that a metrics. You know, you have to
do some work for yourself and you get it there. It's three parts are
to be so long. I broke the tree. Part that's part one,
Part two, Part three on exports. I'll post it again. After this
is over, I'll post it again. So if I'm gonna go to exports,
You've got to read as to do the practicals before you go in.
It is very very difficult to do exports. So they all those jump into
it, right, you want to do that. ETFs are countries specific.
They win the name an ETEF in America. It's not the way the name
an ETF in Europe. So we're very very clear. The way you can
do this to search by purpose. So if you're to invest in the US
and you're in the UK, put it in there. It will give you
the name of the ATF in Europe that invests in American. ETFs are broad
that's how you want to do it, right. It's very sector specific.
So tapes insight on exports, just google it it's I write a note for
the anametric just to calu an Ametrics export the article propose and I'll put it.
The guys all right to spend about two or three hours. We have
to call the day so I can let a living they go and get some
rest. But he does not office investment stuff. So I treat you guys
all listening in today. I will have to do more open forums so we
can as have the sculptures around investing, around how we can put our money
to work for us, right, the whole ideas to make us better in
how we manage our money personal investment, that's the whole idea. So I'll
see you guys. So we want to be focusing a lot more on bonds.
I wanted to be focused on bonds, savings, bonds, How you
guys can take an advantage of those in the Nigerian space and make risk we
return if you are not one that wants to go with a lot of risk.
Right, So we'll do a lot of topics and talks on that.
So and that, old guys, thank you guys so so much for hanging
out with me this Saturday. Hope I see you guys here next weekend.
I think it to be a Sunday because we rotated Saturdays and Sundays. Some
questions you guys will ask are already in my book, so please go get
my book. Let's talk about your money. It's very very well written,
lots of topics chapter by chapter on how you can become a better investor by
understand did you have money? And it totally don't talk about some money,
all right, guys, thank you so much. You guys, take care
and buy h h h