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Nairaland Forum / Nairaland / General / Investment / Nigerian Stock Exchange Market Pick Alerts (11239551 Views)
Nigerian Stocks To Buy - 2024 Best Performing Stocks / Free Stock Market Pick Alert For All Investors Globally!!! / Dangote Resumes As President Of Nigerian Stock Exchange (2) (3) (4)
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Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 9:28am On May 03, 2020 |
Mpeace: Very difficult to survive after taking a double portion of local poison! 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 9:55am On May 03, 2020 |
Godlylifeoneart: Memory lane, the above was posted on 12/11/2019 5 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Mpeace(m): 10:32am On May 03, 2020 |
Harvestock01:They might have just done the needful. Going forward, I expect things to turn for the better. They might just churn out some very impressive figures come q2. They have sacrificed a lot. 25-40% paycut, 75%reduction in staff strength and a closure of 346branches. That's something. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sophy17(m): 10:33am On May 03, 2020 |
Let me add a few tips to the above, using myself as an example. I am a legal practitioner. So I read a lot but not junks. I rather search anywhere and everywhere to get answers to what I need to know than ask questions. So when I joined this thread, I started from page 1 and got ALL the best possible answers. Mind you, I had my first degree(not Law) in 1990. Pls (and this is for everybody) I think (emphasis -think) you don't have to be in the market all the time. I resumed trading on March 16, 2020 after stocks crashed because of covid 19 and oil price crash. My last transaction before now was in 2016. Infact, I had to request for a new user id n password as I had forgotten my login details. But then, I have been investing by constantly READING about everything that matters. So for many years, I read about stocks but was not buying because as a lawyer I know there are little or no protection esp in Nigeria, for minority shareholders. Some years back, I met a young man, my Client, a chartered accountant. He finished 12 years after, from my former university. He bought good units of Int'l Breweries @ .87k and sold in less than a year and half @ N3.00+ . He bought his first land and built gradually. He has never been a tenant in his life. So there is money in stocks market!!! Lastly, I have done many bizs successfully and still counting .My secret is, I constantly seek Knowledge by READING. Our greatest investment is our TIME. Invest it wisely. A man dies the day he stops reading. Not junks o 33 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by leo1234(m): 11:02am On May 03, 2020 |
pepper247: ![]() Register with Morgan capital. Everything can be done online. UBA, zenith bank, GTB are good banking stocks you can start with. Start with money you can afford to lose. #staysafe 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Harvestock01(m): 11:03am On May 03, 2020 |
Mpeace: May be time to acquire another struggling bank! |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 12:38pm On May 03, 2020 |
The relative and absolute reality of life. The reality is that life has changed and we have to make adjustments to our lives as well. It almost feels like you are in a bad dream and soon you will wake up from it and things will be okay, the problem though, is that you are not dreaming, what you are going through is real and it terrifies you. The year 2020 seemed like it was going to be a great year for you, everything was going well, you were promoted and you bought your first car. In a split second everything changes, the world is hit by the COVID-19 pandemic, the economic capital of Nigeria is under lockdown for over 4 weeks, your newly wedded wife has contacted the Corona virus she is in a critical condition, you don't have much in your savings, and suddenly ACCESS bank sends you an email to inform they are shutting down your branch and you have been laid off. Or, You are a gotel staff, suddenly Athief ABUBAKAR is reforming gotel at the peak of pandemic, sorry! You have been laid off! The scenario l have just illustrated above is a sad situation but that is the reality of what is happening in our country now, this can happen to anyone or it has happened to someone already, whatever the case could be we need to prepare ourselves for difficult times ahead. Recently, the president of the Federal Republic of the North made an assertion that no worker would be laid off without the due process.Does due process exist in Nigeria? A president that ensures all the directors and head of security agencies are predominantly northerners must have forgotten the existence of due process. If the government do not practice due process, how come they are expecting private businesses and organizations to adopt it? It is a grim reality that awaits, it is inevitable, only the affected individuals know that they have been laid off. Nigeria do not have a reliable statistics that can tell us the absolute numbers of citizens in both the formal and informal sectors that would potentially loose their jobs as a result of COVID-19,Corruption and Crude oil crashes. Nigeria case is actually a triple bullet fired at the nation. 3Cs Corruption and directionless leadership Crashed crude oil prices COVID-19 Prepare your self mentally and financially for the precarious times ahead. Respect and value the little that you have. Use your money wisely and have a plan B in place in the event your company closes it's doors. Do not invest your emergency money in NSE, you might get stucked. Prepare for the worst and hope for the best. You are not alone, we are all on board this failed Nigeria project. 11 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by BAMOFIN1: 1:06pm On May 03, 2020 |
locodemy: I am surprised that Mr. Locodemy is not ashamed to ask for advice on this forum when himself is not ready to share his knowledge. Why do you want Oracle to now write 'epistle' for your benefit? 15 Likes 3 Shares |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:25pm On May 03, 2020 |
Godlylifeoneart: Semper Paratus! |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:27pm On May 03, 2020 |
sophy17: Master your strategy and you will be making money. There is money in the market only that it is in the thorny bush. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:29pm On May 03, 2020 |
gamaliel9: Maybe Diamond Bank branches that they took over. They need to cut overhead there. 2 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 2:31pm On May 03, 2020 |
RabbiDoracle: È ku market ooooo Rabbi lol |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:35pm On May 03, 2020 |
locodemy: You don't need to buy and stock USD in large quantity. Buy small small for your business. Soon the pressure will reduce and it will stabilize at 380 (last point where it was devalued to). There is excess USD in circulation. It is a matter of time of will go all around the world chasing assets to buy and inflate. There are many countries and companies opening up as at this week and onwards. So there will be demand for energy. Also with many shale producers shutting in, oil supply will reduce, oil prices will rise. 4 Likes 1 Share |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 2:37pm On May 03, 2020 |
Godisfaithful: Hey bro. How far na? How SA? Lockdown seems to have been eased at your end. |
Re: Nigerian Stock Exchange Market Pick Alerts by Godisfaithful: 2:42pm On May 03, 2020 |
RabbiDoracle: Hey my Rabbi, went there for small Buz and get stalked in London but finally back in Yankee now. Lockdown is eased but there’s fear of wave 2. But presently I’m riding with Powell unlimited QE till they stopped printing. Remember you can’t fight the Fed |
Re: Nigerian Stock Exchange Market Pick Alerts by TLAX: 3:34pm On May 03, 2020 |
Mpeace: As far as letting staff go and cutting salaries of staff, CBN has called them to order yesterday. Access will need to reverse any staff rationalization done or planned as a result of COVID and ditto any bank. No bank is allowed to cut staff salaries. For this period, you can only fire or reduce salaries with the express permission of CBN and I know that will be akin to a camel passing through the eye of a needle... |
Re: Nigerian Stock Exchange Market Pick Alerts by veecovee: 3:50pm On May 03, 2020 |
BAMOFIN1: No find loco wahala ooo ... thunder oooo ![]() ![]() ![]() |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 4:19pm On May 03, 2020 |
dinyelutochukwu:Brilliant, thanks for this fantastic contribution. But I feel this first point is more appropriate for traders but not necessarily for investors. As an investor, portfolio diversification is the way to go. Fundamentally sound stocks can dip so fast even when the fundamentals are still right, just as we experienced in March. But when you're well-diversified, you won't care about the price fluctuation because every sector cannot respond negatively to the economic situation at the same time. 10 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 4:29pm On May 03, 2020 |
RabbiDoracle: Semper oorah |
Re: Nigerian Stock Exchange Market Pick Alerts by dinyelutochukwu: 4:42pm On May 03, 2020 |
seyisanya: Thanks for throwing your weight behind the post. That was the message I intended to pass, I just didn’t convey the thoughts well enough. That said, your analogy was succinctly written. 4 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 4:44pm On May 03, 2020 |
dinyelutochukwu:Another awesome point. Yes, don't get emotionally attached to a stock. But if it's the only stock in your portfolio, then it's only human to get emotionally attached to it. Another reason to diversify! Regarding averaging down, I guess it depends on how it's done. If done properly, you'll come out victorious. For example: I first bought Nestle at N913, then it went down to N750. I bought, even much more than my initial holdings, then I sold everything last Thursday at N970(intraday). Sweet gain! Other examples are GTB, Zenith, Cadbury. Thanks to proper averaging down, they are all now selling well above my break-even prices despite high initial purchase cost. Even Warren Buffett averaged down on Delta airlines before selling all his airline stocks. He might not admit it but when you check his moves in March and thereafter, what he did will become clearer. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 4:49pm On May 03, 2020 |
dinyelutochukwu:Many thanks for taking time out of your Sunday to share that wonderful post with us. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by aremso(m): 5:13pm On May 03, 2020 |
TLAX: Audio call to order! With wage bill of almost 80billion ? Am sure CBN must have been informed before they embarked on cost cutting exercise, i dont want to believe cbn does not have pre-knowlege of what they did. Dont forget cbn would have be the one to rescue diamond bank wt tax payers money and look for buyer later.but access did the work for them and am sure they would not want access go down. Anyway, we watch as events unfolds. Even on twitter, presidency states that due process would be followed in case of retrenchment so there would be retrenchment in the long run. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by sellydion: 5:26pm On May 03, 2020 |
The concept of average down is double edged sword. You should only use it with investor strategy, not with trading strategy. So have a plan and work the plan. I bought Zenith at 17.5 now it is at 14+ why wouldn't I average down? I have already received N2.8k as dividend or less depending on when I accumulate. The problem with a lot of US is actually risk management, time horizon and margin of safety. You only go to market when there is sales to buy quality stocks at cheap prices, stop loss is not the best option for an investor if you have a good margin of safety in place and your portfolio is well diversified. So there are a whole lot of things to consider while taking position in a stock. If a stock stop performing as an investor you could sell with little loss, margin of safety would help you out because you had already bought it cheaply. 30% gain in two stocks and 20% loss in one still makes you a profit of 40%, which I think is good. Traders must use stop loss., it is better to have seperate funds for investment and trading. The two should not be missed together and apply different strategy in managing them. ![]() seyisanya: 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 5:40pm On May 03, 2020 |
sellydion:Thanks for reiterating my points but written differently - my portfolio is well partitioned - long/mid/short. I'm a dynamic investor. Like I earlier stated, if properly done, the idea of averaging down works regardless of your time horizon but will not work if you're strictly a trader. 1 Like |
Re: Nigerian Stock Exchange Market Pick Alerts by seyisanya(m): 5:44pm On May 03, 2020 |
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Re: Nigerian Stock Exchange Market Pick Alerts by Nobody: 6:00pm On May 03, 2020 |
meshpips: RabbiDoracle: Done. Next is to break 10K and head towards 13K. 10K has switched from resistance to support. 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by onyifoster(f): 6:12pm On May 03, 2020 |
Stock trading is okay both for day time trader and long time trading But in other to gain. Long time pays off. www.nenitm.com |
Re: Nigerian Stock Exchange Market Pick Alerts by OBAGADAFFI: 7:28pm On May 03, 2020 |
Okay now
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Re: Nigerian Stock Exchange Market Pick Alerts by ositadima1(m): 7:46pm On May 03, 2020 |
OBAGADAFFI: I am happy that bank staffs get to retain their jobs, but is this move by the CBN legal, can a government agency dictate how a business is supposed to manage its resources? 2 Likes |
Re: Nigerian Stock Exchange Market Pick Alerts by smitten99: 8:38pm On May 03, 2020 |
ositadima1:The question is for how long? |
Re: Nigerian Stock Exchange Market Pick Alerts by DeRuggedProf: 9:11pm On May 03, 2020 |
My take home this week. In the stock market, what you get in return for love is loss, very HUGE loss.... ![]() It is unwise to impregnate 9 women to get a child within one month...W.Buffet. You don't give birth to 11 children cos you want to own a club. It's possible they may all end up a barrow pushers. Watch your investments closely, else you will discover Warren Buffet is a JIJO specialist too late. It is unwise to follow others very far into the journey before asking where they are going. If your stock delivers twins, as some stocks may do before December 2020, don't attempt to get the same stock pregnant again during the baby nursing period. Let it heal in peace... ![]() 13 Likes 1 Share |
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