Growth vs Value: Where I'll put my money in 2016

In the first quarter of 2016, I hope to put more of my money (60%) in safe income securities like short term mutual funds and treasury bills. This I believe would give me enough time to make some important financial decisions in my life.

In terms of stocks on the Ghana Stock Exchange:

In 2015, Aluworks (ALW) was my greatest gainer (about 138% gain) whiles UTB was my greatest loser (about 52% loss).  I'm looking at buying more of UTB in the first quarter of 2016 before it gets to 0.12p. It's currently trading at 0.10p per share.

GCB Bank, Benso Oil Palm Plantation (BOPP), HFC Bank  and PBC surprised me alot in 2015 hence and they made it to my wish list for the 1st quarter of 2016.

In my opinion, PBC should not be trading at 0.09p per share. Its year high is 0.13p. I'm looking at PBC climb to 0.20p by the end of 2016.

Secondly I hope BOPP which is about Ghs 2.5 now climb to Ghs 5.00 in 2016. Its year high in 2015 is Ghs 5.01 and honestly I think it should be trading around Ghs 4.5.

GCB is one of my favourite stocks on the Ghana Stock Exchange. It had a bad year with a year low of Ghs 3.69 and a year high of Ghs 5.82. In my opinion, it should be trading around Ghs 5.00. In 2016, I hope to buy more of GCB regardless of how it ends the year 2015.

HFC is also closing in 2015 with a 0.78p with a year high of ghs 1.72. It surprised me in 2015 though, however I still have confidence in it.

SIC is one particular stock I am monitoring closely and hope to decide on it in the first quarter of 2016. 

Buy No Matter What:

There are 3 Stocks on the exchange I won't hesitate to buy in 2016 regardless of their numbers and they are Enterprise Ghana ltd ( EGL), Standard Chartered Bank (SCB) and GCB Bank.

Self Improvement Project: Working on yourself for a brighter future

Most people are just spectators in life. They just sit and watch. Most people go through life running scared. They avoid the arena where the fight is. Most people are afraid of getting dropped or beaten. But one thing you should know is that, wherever you on the field or on the sideline you're going to be drop anyway, so at least get dropped for something. 

In the year, 2015, How much time have you spent working on You? How much time do you spend every day working on your dreams? In the last 90 days how many books have you read? In the last year what new skill have you acquired? What kind of investment have you made in you? Things are changing so fast and if you want to make it you need to literally understand still. You have to make some conscious effort to work on you.

The big question is, what is your life purpose? How much time do you have left? Find out what your dream or purpose is and just do a little bit of it in a day. We have so many thoughts or ideas in a year that if only we act on one or two, we would have been more successful by now.

Keep improving yourself. 

Merry Christmas and a Happy New year

Wallet Recession: The Global Recession Reaching Ghanaian Pockets

If it feels like you are reading about Global Recession in this booming times, it is simply because the writer of this post is Ghanaian in the year of economic-dumsor.

As much as I try to find a suitable explanation for this issue, is my desire not to underestimate the personal economic slowdown among young adults in Ghana and probably Africa as a whole.  

If you are below the age of 40, your genuine answers to these questions would help you understand the State of your Wallet Affairs, that is whether you would be classified among the Wallet Recession Class or not…. What is your Net worth / Net economic position? (Let me help you here, It also called Wealth – which is your total assets minus total liabilities).  How much do you owe? When was the last time you gave a tip? How many  are sources of income do you have? Who depends on you?

The wallet recession is where there is a significant decline in 'economic activity' in your wallet (or  pocket, bank account or mobile money account).

The major economic indicators such as investment spending, giving tips, buying a drink for a friend, paying the taxi fare, lending to friends are drastically falling, whiles borrowing from parents, institutions, and well-off friends (Pastors' kids) are on the ascendancy. 
What is really happening? Most young people in this generation are quick to go for students loans and those that are not lucky spend the rest of their lives buried in debt trying to pay them whiles life hits them left and right. 
Why are our wallets slimming down so fast? I was trying to assure myself that people may be using debit cards or holding their monies in investments but the facts do not support my theory.
Too much unnecessary spending just like the Government of Ghana without  equally proportionate earnings to support it. 
If you think this is a just Ghanaian or African problem, think again. As my good friend and legendary investor Carl Icahn warns, there is going to be a bloodbath in the stock markets, and the great recession in America would be back. Start preparing before the dumsormic recession comes.

The Dotcom Smart Model: A look at Groupon

Until today, I never understood Groupon's Business Model. I wonder how investors in Groupon are feeling. How could this business model work in the long run when mostly only price-sensitive customers show up on the doors of merchants who sign up on to Groupon deals.
One thing I have learned from today's E-commerce business models is that, they start, create the buzz needed to attract investors, list on the stock exchange, Founder gets listed in the Forbes 400 billionaires list and then the company is left to rot in the hands of market forces.
Smart ones then adopt the "holding company / investment management model" - buying new businesses in different sectors and hoping to make enough return on investments to pay shareholders. Most of which do not succeed in that.
When Groupon listed in 2011, it had more than 83 million customers operating in about 43 countries. In that  same year Groupon lost $254 million on a $1.6 billion in revenue. Wheeew!!
I hope the companies Groupon purchased are helping. In my small country Ghana, I'm yet to know of any merchants on the Groupon deal.
Is the future bright for the sake of untapped markets (like Africa) or for the sake of the model?
Truly, everyone likes cheap things especially when the price is sliced into two. But who would like it when the prices go back to normal? If I'm the merchant, customer acquisition alone is not what I'll desire. I know people's taste can change and even to the most loyal customers, price still matters. 

The e-commerce revolution is still unfolding and we are all hoping to tap into the smart model. If you get burned or turn into millionaire, Naija man will say, "na waa for you ooo". 

Godly Steps to Business Growth and Financial Freedom

"If you're faithful over few things, I'll make you ruler over many things. " - Says the Lord.

"For to everyone who has, more will be given to them...."

One thing you need to know is that, we all have talents and you are a steward of what God has placed in your hands. As a steward, you have to avoid being lazy.
Stewardship in this case involves your ability to trade what you have profitably.
Hard work discourage people from working on their God given talents. Every talent we have comes with grace so remain productive with whatever talents you have.

Profiting with your talents:

● Desire to be a blessing to humanity.
● Nurture and protect your talent.
● Set lifetime compelling goals.
● Set your goals in manageable chunks.
● Get a vision for your life.
● Follow your vision with passion.
● Get obsessed with you vision.

Financial Freedom

To be financially free, you need to:
1. Start counting the cost.
2. Prepare a cash flow statement for yourself. This helps you track every penny that comes or goes.
3. Avoid debt. It can choke you.
4. Avoid peer influence in spending.
5. Be trustworthy. Build trust and Integrity.
6. Be willing to transact business with just a handshake.
7. Establish a culture of saving.
8. Set up an accountability system and respect it.
9. Build a  system to manage adversity. (E.g. Emergency Fund)

Invest in Your Financial Education

Investing in your financial education is believed to be the second principle in wealth creation.  In order for your capital to grow faster, you need to take measures that help educate you on some key aspects of finance and investment. Acquiring knowledge in finance and investment is key to wealth creating and wealth management.

The Bible even says, "For lack of knowledge, my people perished" (Hosea 4:6). So in order to stay strong financially, acquire some knowledge. It is possible to profit from investments and difference market conditions when you know what you are doing.

Your financial intelligence is key to your financial growth and every improvement will pay dividends for a life time.

These are some ways to invest in financial education.

1. Register for Short Financial Courses:

An example is the PEAGAMA INVESTMENT COACHING. (Click to find out more).

Most of these short courses do not require much time and money, however, their results on your financial life are immeasurable. With my coaching sessions, you'll get the chance to ask face to face questions, focus on real securities in the Ghanaian market, learn from my mistakes and successes, and get access to my investment management tools and database.

Click to Register.

2. Find free video channels on finance online:

Some examples of these free video channel or sites include KhanAcademy.org (One place I can't stop visiting). You can learn  virtually everything  here when it come to Finance and Investment.

I don't want to forget, one of my favorite classrooms, Alison.com . This is where everything begun for me. I still love it.

Finally, Investopedia.com is another lovely site you can visit for financial education.  

3. Follow my YouTube Playlist:

Peagama Finance Class playlist has great videos that will help you understand finance better. Don't be disturbed if you don't understand some of the sophisticated finance terms, it's just a matter of time. You will get there one day. Remember "he who would learn to fly one day must first learn to stand and walk and run and climb and dance; one cannot fly into flying."-Friedrich Nietzsche.

Find out where I take my finance lessons

This is where I take my Finance lessons. Check out my YouTube playlist. Keep learning Finance.

GhanaStocks.Net: A great place to monitor your stocks

Over the weekend, I took some time to check out this website (www.ghanastocks.net) and noticed that it's a great place to track your stocks on Ghana Stock Exchange.

Many young investors try to follow the news on different platforms, crack the figures and draw their own charts to be able to technically assess the trends in the market. Those days are over with the arrival of Ghana Stocks dot Net.

Ghanastocks.net is a financial platform offering premier information on the Ghana Stock Exchange and the general Ghanaian economy. It provides near real-time quotes, historical charts, financial information and background information on all the equities listed on the Ghana Stock Exchange as well as the Ghana Alternative Exchange.

Back in the days, I used to monitor my stocks using the Stock watchlist platform on bloomberg.com when Ghana Stock Exchange was up to date on Bloomberg. For now the closest I get online to that is Ghana Stocks dot Net.

Watch out for my next post on other great sites every investor in Ghana and Africa as a whole should bookmark.

Keep Investing...

This week on Ghana Stock Exchange.

● ACI announces that the Company will hold its Annual General Meeting at the Christ The King Parish Hall, Liberation Road, Accra on Tuesday, July 21, 2015 at 10.30am.

● GGBL announces that Mr. Oladele Ajayi and Prof. Sir Joseph Woahen Acheampong resigned as Directors of the company effective May 19, 2015.

● ETI has released the attached announcement for the information of the general investing public on bonus issues.

● ETI has released the attached announcement for the information of the general investing public on ETI-RESOLUTIONS ADOPTED AT THE 27TH ANNUAL GENERAL MEETING OF JUNE 19, 2015 IN DAR ES SALAAM, TANZANIA

● TLW-SETTLES CAPITAL GAINS TAX DISPUTE IN UGANDA.
TLW has released the attached announcement for the information of the general investing public.

Why Positive Thinking Matters in Forex Trading

As forex traders we all have those days (or weeks) when things just don’t go our way. Our losses are overshadowing our wins, and we can’t seem to consistently win. We start to wonder if we can ever make any “real” money and if becoming a full-time trader will ever be realized.

Being successful, whether it’s as a trader, a business owner, or even as a parent, takes a lot of personal development. Day after day you have to deal with many uncertainties, some known and many others unknown. You are continually tested by your surroundings (the currency market, your employees and coworkers, or your children), and how you react before, during and after these challenges all play part in your success.

“Why did I ever get into forex trading? It’s nothing but a stress builder and a gigantic head ache. Who am I kidding? I think my hair is falling out!”

If you’ve been feeling this way and are asking yourself some of the same questions, it’s time to sit down and work on your positive thinking. Any successful trader will tell you that he has made the mental decision to be as positive as possible in thinking, acting and doing, and that having a positive mind is critical in overcoming the setbacks brought on while trading.

What can you do to become a better positive thinker?
Start off the morning by looking at yourself in the mirror and saying “I’m good enough, I’m smart enough, and gosh darn it, people LIKE me!” And say it just like Stuart Smiley from Saturday Night Live… with enthusiasm! No really, promoting yourself to YOU is a great first step in the right direction. It helps you get in the right mind set, and helps you to start your day thinking positive thoughts. If looking in a mirror scares you, I’m sorry…try just saying it out loud to yourself.

Next, observe your negative thoughts and understand that only you can change them. Once you start ridding yourself of those thoughts, you are thinking positively. The market has its ups and downs. Your trading account might have the same ups and downs. Losses are inevitable. These happen to everyone. The difference is that your positive attitude makes you better equipped to deal with setbacks.

Think and visualize yourself as already being a successful trader. Imagine that your trading experience allows you to easily notice changes in the market and react to them by making profitable trades. Imagine only positive results. Imagine the wealth you’ve created and the lifestyle it affords you. This type of thinking will help reinforce the ideas that first led you to the currency market and motivate you to stick with it.

Another easy method to assist you in becoming a positive thinker is to surround yourself with a positive environment. This can be your work space or the people around you. The world is filled with doubters and people who want to “help” you by destroying your dreams or shooting you out of the sky. Make it easier on YOU by surrounding yourself with other positive thinkers who reassure and support your trading endeavor. And liven up your forex trading space so it’s inviting and makes you want to be there. Maybe it’s time to replace your crusty keyboard?

Also help yourself by being a positive talker to others and about youself. Speaking positively fills your head with positive thoughts and ideas. Negative self-talk only helps to hinder your potential as a trader and keeps you from growing.

Do your best to welcome the currency market’s obstacles and view them as your opportunities for profits and success. Dealing with these obstacles will only help you to create a better trading experience. Small changes in the way you think about yourself, think about others and think about trading will go a long way in your overall success as a trader.

Source: www.babypips.com

Having a bank account is not enough to make you prosper.

There is a tagline in an advert of a popular bank which says they are there to make you prosper. Even though I believe they may be doing their best to actually live out that tagline, I have become aware that owning a bank account is not enough to help anyone prosper.
Before I proceed, let me first clarify that I have absolutely nothing against the Banking industry, neither do I have anything against any banker or bank. I personally have bank accounts and I also have a number of friends who are bankers and I know they are doing a fantastic job for the economy. I however want to address the misconception some people have that owning a bank account is enough to make them prosper.

AngloGold Ashanti - Increase in Share Capital

AngloGold Ashanti (AGA) announces an increase in its share capital.

The issued ordinary shares of AGA increased to 404,632,679 as at April 30, 2015. This was as a result of the issue and listing of additional ordinary shares over the period on the Johannesburg Securities Exchange, South Africa.

The issued shares are as detailed below:

AGA Share Incentive Scheme (April 2015) - 126,368 ordinary shares

By this arrangement, AGA share capital has also been increased to 49,601,551,751.59 South African Rand.

10 Habits of Self-Made Millionaires

Find out the types of securities to be listed on the GFIM

Ghana Fixed Income Market (GFIM) is a market to facilitate the secondary trading of all fixed income securities and other securities to be determined from time to time.
The key objectives of the GFIM are to: bring about greater efficiency; better price discovery; increased liquidity; and greater transparency in the secondary trading of fixed income securities in Ghana as well as bring secondary trading activities in fixed income securities in Ghana to international best practice standards.

2. Type of Securities 
(1) The following securities or instruments when issued shall be admitted (listed) and traded on the GFIM:
(a) Government of Ghana treasury bills, notes and bonds; and
(b) Bank of Ghana money market instruments. 

(2) The following securities or instruments may be admitted (listed) and traded on the GFIM: 
(a) quasi-Government of Ghana institutions’ money market instruments, notes and bonds;
(b) corporate notes and bonds;
(c) Ghana municipal and/or metropolitan bonds;
(d) supra-national bonds;
(e) repos; and
(f) other fixed income or money market securities. 

Details of Mandatory Offer to shareholders of HFC

Republic Bank received acceptances of a total of 51,286,733 ordinary shares in HFC Bank representing 17.25% of the total shareholding of HFC Bank.
As at 23rd March 2015, the date of submission by Republic Bank of the Offer Document to HFC Bank, Republic Bank held a total of 118,544,368 ordinary shares.   No shares were acquired by Republic Bank during the Offer Period. 
Republic Bank Limited now holds 169,831,101 ordinary shares representing 57.11% of the issued shares of HFC Bank (Ghana) Limited.

IPO of Meridian-Marshalls Holdings (MMH). Find out more.

MMH is an educational holding institution that owns Meridian Pre-University and Marshalls University.
The company is seeking to raise GHS 2,500,000 through the sale of 25,000,000 shares at GHS 0.10 per share.
You can buy a Minimum of 10,000 Shares worth GHS 1,000 and in multiples of 5,000 shares worth GHS 500 thereafter. The offer starts on 27-April-2015 and ends on 29-May-2015.
Time to diversify your portfolio with an educational holding institute.

GOIL's 46th Annual General Meeting; What you should know.

The 46th Annual General Meeting of the Shareholders of Ghana Oil Company Limited (GOIL) will be held at the Auditorium, College of Physicians and Surgeons, Ridge, Accra on Thursday, 30th April, 2015 at 11:00 am for the transaction of the following business:

AGENDA
ORDINARY BUSINESS

1. To receive and consider the reports of the Directors and the Auditors and the Financial Statements of the Company for the year ended December 31, 2014.

2.To declare a dividend for the year ended December 31, 2014. (They better declare something substantial.)

3. To elect Directors to replace retiring Directors. (You guys should consider me when electing new directors.)

4. To re-elect Directors retiring by rotation.

5. To authorise the Directors to fix the remuneration of the Auditors.

6. To fix the remuneration of the Directors.

SPECIAL BUSINESS:

7. To authorise the Company to purchase and or hold from time to time as and when it deems it prudent such number of its own ordinary shares.

#DirectorDealings: KC Ramon, Director at AngloGold Ashanti Ltd (AGA:GSE) buys 3,104 shares valued at R388,094.18

#DirectorDealings; KC Ramon, Director at AngloGold Ashanti Ltd(AGA:GSE) buys 3,104 shares of AngloGold at an average of R124.29/share. #NOTE

— Edem Agama (@peagama) March 22, 2015

Tullow (TLW:GSE) secures an additional US$450 million of capital.

Tullow secures an additional US$450 million of capital under its existing credit facilities. http://t.co/TDZzkMceLu

— Edem Agama (@peagama) March 22, 2015

Index Investing vs Value Investing, which is the winner's game.

So welcome to another Facebook debate on Index investing and Value investing. Below is the premise I posted on my Facebook Profile that generated the debate;

"Investing is all about common sense. Owning a diversified portfolio of stocks and holding it for the long term is a winner's game. Trying to beat the stock market is theoretically a zero-sum game (for every winner, there must be a loser), but after the substantial costs of investing are deducted, it becomes a loser's game. Common sense tells us, and history confirms, that the simplest and most efficient investment strategy is to buy and hold all of the nation's publicly held businesses at very low cost. ‪#‎Kpakpakpa_Investing‬ ‪#‎IndexInvesting‬ Who agrees?

Comments & Arguments:

• 

  Avor David Mawutor I partially agree

  19 hrs · Unlike · 1
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  Patrick Edem Agama Hmm partially? Then I guess u more than 80% partially agree. Anyway make ur point bro. Where are the value investors?

  19 hrs · Like
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  Patrick Edem Agama Just so u know , this is 'proven' even on our 'under-developed' market. GSE.

  19 hrs · Like
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  Benedict Sumah You will achieve a return closer to the risk free return if you just gather across all stocks. If you build in certain weights such that your portfolio is slightly unbalanced, then you stand the chance of being rich because of the market or in reverse losing money more than anyone else when the chips are down. Nobody has made it being avarege

  18 hrs · Unlike · 3
• 

  Avor David Mawutor Warren Buffet says "put your eggs in FEW baskets (i.e. stocks you know much about and understand the fundamental business behind) and watch those baskets closely (I.e. monitor regularly)". That is the strategy of the real investors. That's why they make money even when the market is generally down. Diversifying by buying a little of every stock is actually a "fearo" strategy backed by little research.

  17 hrs · Unlike · 1
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  Patrick Edem Agama Lol. Avor David Mawutor. That's one way to look at it. Another better way is buying into Index funds what is known as Index investing. Just so u know, the same Warren Buffet recommend strongly this form of investing by backing the founder of Vanguard Group , John Bogle, in his book "The Little Book of Common Sense Investing”.
  Let's not just focus on buying "little of every stock" but owning a diversified portfolio and HOLDING it for long term. Research in more advanced markets have proven that, at the long run, there's always a win no matter how the market goes. Contrasting this to the strategy of "putting ur eggs in few basket" , there's higher probably of ups & downs and probably more downs than ups for those who don't really pick stocks well or 'understand' the companies they pick. I must say, your 'NON-FEARO' strategy sounds good but note this Index funds eliminate the risks of individual stocks, market sectors, and manager selection. Only stock market risk remains.

  16 hrs · Like
• 

  Avor David Mawutor Exactly! So we r just saying the same thing, which is - broad market diversification is good for the AVERAGE investor. But what makes the great investors great is that, they use a different strategy - minimum diversification in well researched companies which they monitor closely or even have a say in their daily operations.

  16 hrs · Unlike · 1
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  Patrick Edem Agama So back to my point....."the simplest and most efficient investment strategy is to buy and hold all publicly held businesses at very low cost." ...... obviously you should agree 100% . Not partially.

  16 hrs · Like
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  Patrick Edem Agama

  16 hrs · Like
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  Avor David Mawutor I agree on the "simplest" part but not the "efficient" part. Hence, I maintain my partial agreement.

  16 hrs · Unlike · 1
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  Patrick Edem Agama Ok. Anyway where do you guys stand..... Alex Titriku, Boakye Ogyem, Benjamin Kofi Nyarko, Joshua Naayo, Nana Kwame Kofi Eli Normanyo

  16 hrs · Like · 1
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  Benjamin Kofi Nyarko Interesting so far, what i can say about value investing and diversifying your portfolio is.
  We all understand that value investing requires that you research a stock very well and wait until it gets to the right price to either buy or sell (buying low,selling high)
  However a diversified portfolio requires the investor to spread his risk over a number of different stocks
  In my view, those who do value investing need not worry about diversifying their portfolio since they have researched and are confident that those stock were undervalued before buying.
  However someone diversifying his portfolio need not worry about research since he is always assured of average returns.
  I therefore agree with Avor David Mawutor , diversification is "simple" but "not efficient". Value investing is "not simple" but "efficient".

  6 hrs · Like · 1
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  Boakye Ogyem As a strong proponent of value/active investing , it's so natural that i won't prefer having anything to do with indexing. firstly, i do believe indexing gained it s prominence through the activities of active investor whose constant and consistent activities purged the market of all inefficiencies, through their relentless pursuant of superior returns backed by cutthroat research . these actions t therefore paved way for index investing because the market became well priced through the activities of active investors . i therefore believe that if most investors are to index then these salient mispricing of assets will re-evolve, thereby paving way for superior return to the few investor who will still adhere to the value investing tenet . Secondly, indexing is a form of irrational investing. the reason for such assertion is that , in indexing you buy into the index irrespective of how the index is priced at that particular point in time , this means that if a particular stock in the index is pushed to astronomical levels you buy it. the problem becomes more compounded if the market uses a "market capitalization index" in which the value of the large cap stock can irrational distort the index's price.

  6 hrs · Unlike · 1
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  Patrick Edem Agama To Benjamin Kofi Nyarko What is efficiency when it comes to Investing??? I don't agree value investing is more than what I'm talking of. First of all, what shows the one who diversifies doesn't research well and diversify appropriately?? Finally my point is not just diversifying, but diversifying and holding for long. Don't forget, I also talked about buying at 'low cost.' (Virtually value investing just that it's done on a wider basis). What else could be better than this??

  5 hrs · Like
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  Patrick Edem Agama To Boakye Ogyem, I'm talking of indexing at "very low cost". So ur point that indexing is irrational investing is invalid here. Unlike other index investors, my point is very simple....buy at very low cost in all and hold for long. Talking of EFFICIENCY, u guys cannot dispute this. It is over the long term. Get me any research that proves this wrong. holding all factors equal on both sides.

  5 hrs · Edited · Like
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  Patrick Edem Agama Before any of you cite Buffet as example, consider how overly diversified Berkshire Hathaway is.

  5 hrs · Like
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  Avor David Mawutor Patrick, in fact, even this debate we are having is a "PASCO"; it is an age old debate. The position you are presenting is called the EFFICIENT MARKET HYPOTHESIS. It is based on a number of assumptions and although it has been accepted that there is a level of truth to it, its criticisms (BACKED BY RESEARCHES) have also been well documented. I suggest you google it and see.

  5 hrs · Unlike · 1
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  Avor David Mawutor About the issue of Buffet, don't forget - Buffet is an individual and Berkshire is a company which has a Board (notwithstanding the fact that Buffet owns the majority shares). So the decisions of Berkshire may not NECESSARILY be exactly what Buffet wants; there may be compromises in the Board Room. That aside however, still, although Berkshire is diversified, they do NOT hold (or invest in) the ENTIRE market.

  5 hrs · Unlike · 1
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  Patrick Edem Agama Lol.

  5 hrs · Like · 1
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  Patrick Edem Agama Yooo i hear.

  4 hrs · Like · 1
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  Boakye Ogyem  Patrick Agama , i think trying to buy index at low cost means timing the market and we all can attest to the impossibility of doing such a work, in fact timing the market has lead to more value destruction than creation. Secondly, i believe several investors have aced incredible performance when it comes to beating the market eg George Soros, Carl Ichan, Peter lynch, Ray dialo and your own man Steve Cohen. These men are leaving testimonies of the adsurdities of an efficient market hypothesis. Lastly, Patric there has been several instances where you've selected stocks on the GSE that have beaten the overall index, so why supporting passive investments now?

  4 hrs · Unlike · 1
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  Patrick Edem Agama Hmmm. It's just a valid statement I made. Anyway thanks for ur insights bro. And to everyone else that commented, More vim!!!!

  4 hrs · Like