soloniger:
seconded!

good night pw

Elai147:


Thank you my oga for this advice. In addition, don't risk money you can't afford to lose. Unfortunately, some of my ogas here do not agree with me on this but it remains the truth. If you can't afford to lose then the stock market is not for you. Try Treasury Bills or better still contact Feelamong.

I agree...

There is no one size fits all. I might be exiting a stock for the same reason someone else wants to enter. My first rule is know thy self and be able to answer some questions truthfully.

I try not to follow the crowd and I believe if you pick a stock with good fundamentals you will always win in the end, the level of your winnings will however still depend on how much you paid for it. Never forget to ask for the price, and don't ever think for a second that you will get it right all the time. There will be loses of -58% and there will be gains of +1000%...untill you sell, you have not lost or gained anything in reality besides dividends which I treasure so much. If you will not be able to manage your emotions to your advantage, invest in a mutual fund https://www.nairaland.com/1912965/mutual-funds ...you will average 10-15% on a yearly basis (some guaranteed, others not guaranteed) and depeding on the fund you choose, you may have capital gains also.

I follow the below steps when investing in the stock market, please note that this is not prescriptive, it is just descriptive

1. Is the price right? (I do all my calculations based on the price I bought a stock not the price it is currently and they are very elementary calculations, after all ...what I gain or lose is based on the price i bought in relation to the market at the time I sell)

2. Am I okay with the risk of taking a big loss on this company? ( I consider myself an owner of the business first, not a monkey merchant. You cannot be pig farmer and be following the ways a monkey farmer feeds his monkeys)

3. Is the stock ethical for me? (I am not inclined to buy into businesses involved in alcohol, the others I can manage with some judgement of my own)

4. Gut feeling (we cannot rule our emotions, it makes us who we are)

5. Evaluation on a yearly basis based on new knowledge acquired (i am not afraid to say...wow! I messed up with this, sometimes I cut my loses, sometimes i build on them). I pick up a lot of things from here from time to time.

6. I take my investments serious, if a company I own has released something I should know (When I visit my registrars I have my manual records ready with me, am going there not to know whats up but to compare figures. From the reception I got the last time I was at a few registrars' office, this is not something they see often)

Note: I am largely an Investor so some of these may not apply to you if you are a speculator

Finally, a profitable and ethically run business may not neccessarily translate to profits for an investor.

Interesting. Never knew there was an alternate thread on mutual funds on NL.

carpenter:


I agree...

There is no one size fits all. I might be exiting a stock for the same reason someone else wants to enter. My first rule is know thy self and be able to answer some questions truthfully.

I try not to follow the crowd and I believe if you pick a stock with good fundamentals you will always win in the end, the level of your winnings will however still depend on how much you paid for it. Never forget to ask for the price, and don't ever think for a second that you will get it right all the time. There will be loses of -58% and there will be gains of +1000%...untill you sell, you have not lost or gained anything in reality besides dividends which I treasure so much. If you will not be able to manage your emotions to your advantage, invest in a mutual fund https://www.nairaland.com/1912965/mutual-funds ...you will average 10-15% on a yearly basis (some guaranteed, others not guaranteed) and depeding on the fund you choose, you may have capital gains also.

I follow the below steps when investing in the stock market, please note that this is not prescriptive, it is just descriptive

1. Is the price right? (I do all my calculations based on the price I bought a stock not the price it is currently and they are very elementary calculations, after all ...what I gain or lose is based on the price i bought in relation to the market at the time I sell)

2. Am I okay with the risk of taking a big loss on this company? ( I consider myself an owner of the business first, not a monkey merchant. You cannot be pig farmer and be following the ways a monkey farmer feeds his monkeys)

3. Is the stock ethical for me? (I am not inclined to buy into businesses involved in alcohol, the others I can manage with some judgement of my own)

4. Gut feeling (we cannot rule our emotions, it makes us who we are)

5. Evaluation on a yearly basis based on new knowledge acquired (i am not afraid to say...wow! I messed up with this, sometimes I cut my loses, sometimes i build on them). I pick up a lot of things from here from time to time.

6. I take my investments serious, if a company I own has released something I should know (When I visit my registrars I have my manual records ready with me, am going there not to know whats up but to compare figures. From the reception I got the last time I was at a few registrars' office, this is not something they see often)

Note: I am largely an Investor so some of these may not apply to you if you are a speculator

Finally, a profitable and ethically run business may not neccessarily translate to profits for an investor.

nice points boss

Moneysage:




We're talking about illiquid stocks here, Sir. As in, ILLIQUID!

The decision is largely yours, based on investment circumstances. You could put your price at - 10% and exit at a faster rate or put at -5% or - 7% or - 3% and find it difficult to exit the ILLIQUID stock.

As for me o, I go even try - 15% sef I kukuma lose heavily and use the money sharperly in Transcorp or FBNH

That is exactly what am saying..what is the point of buying an illiquid stock were at the end you will find it difficult getting out and end up losing cash.

Elai147:


That is the point oga B2BR. It requires some level of descipline and sacrifice. Sacrificing 10% from already made profit or loss is not bad as long as you are able to get out of the stock and move on, except you're converting to long term. Remember the more you wait the more the stock may likely drop in price and will eventually lose more than that 10% you were not willing to let go.

What you guys also forget is that illiquid stock don't bring a lot of interest from other buyers. For example, let's assume that I have being mopping up eternal at 2.78- 2.95 and I have about 2million units after the accumulation. I want to sell at minus 10% but the number of units on buy order is not up to half of my own units am willing to sell. At the end I will be able to sell some but I will still have more than enough that I will still sell another day at another minus 10%. So what's the essence?

If you want to trade in illiquid stocks don't put to much cash.

Agbalowomeri:
So una no wan sleep again? Or Buhari declared public holiday 2mr?

@Born2Rich; I dey wait u for that corner

But na true I talk na.

duni04:
Interesting. Never knew there was an alternate thread on mutual funds on NL.

There are a lot of things you don't know here but you will learn as time goes on. Anything involving mutual fund just meet Oga feelamong.

Elai147:


If to say I see who wan buy my Universal insurance (the only bad stock in my portifolio ) I for no mind losing 50% self

Anybody interested in buying standard insurance, guinea insurance, consolidated hallmark, multi verse, IAI should pm me. That one I don't already lose over 200% as I bought majority at N4-N5. Now they are N0.50k

I think, The insurance prices are varied from state to state. In these days, Insurance is one of the essential requirements for everyone. Could you please share me some more information about the topic.










Singapore Life Insurance

Born2berich:


Anybody interested in buying standard insurance, guinea insurance, consolidated hallmark, multi verse, IAI should pm me. That one I don't already lose over 200% as I bought majority at N4-N5. Now they are N0.50k

You my friend is a strongman.

I can trade beco for standard insurance

myjoy08:


http://www.proshareng.com/news/26593/NSE-to-Place-UNITYBNK-Shares-on-Full-Suspension-Proshare

to stop it from further dropping, i suppose. "follow follow" mentality.

zendi:
to stop it from further dropping, i suppose. "follow follow" mentality.

Share will be reconstructed then it will be relisted at N5 per share.

Manonamission:


Share will be reconstructed then it will be relisted at N5 per share.

Then it will fall to 70k again abi?

Manonamission:


Share will be reconstructed then it will be relisted at N5 per share.

feelamong:

Then it will fall to 70k again abi?

.......and ordinary share holders will surfer the company's crime inter-energy & sterln bank did it in d past investors in crying mood till 2day

i need a stockbroker. I reside in ikotun... I want to sell my shares. Dangote Flour Mills. Contact me on 08082178754

When is the best time of the trading day to sell a stock online?........

Chi! c as pple just dey use myself & oga Agba stock pick as case study. only time will tell, he go do una like a magic

carpenter:

3. Is the stock ethical for me? (I am not inclined to buy into businesses involved in alcohol, the others I can manage with some judgement of my own)

Nice one. This your No.3 ehhh? You be pastor ni? Do yo mean you'll not be willing to invest in stocks like NB and Guinness even when they have become the holy grail?

Born2berich:


What you guys also forget is that illiquid stock don't bring a lot of interest from other buyers. For example, let's assume that I have being mopping up eternal at 2.78- 2.95 and I have about 2million units after the accumulation. I want to sell at minus 10% but the number of units on buy order is not up to half of my own units am willing to sell. At the end I will be able to sell some but I will still have more than enough that I will still sell another day at another minus 10%. So what's the essence?

If you want to trade in illiquid stocks don't put to much cash.

That is the koko. It is illogical to be over exposed to an illiquid stock.

natruetalk:
Chi! c as pple just dey use myself & oga Agba stock pick as case study. only time will tell, he go do una like a magic

Bros sssssssssssssss! No blow am again. Time approaching for further accumulation

#TheNewFO

feelamong:


Then it will fall to 70k again abi?

Some people with high risk appetite go hammer for dis unity bank reconstruction. Are you sure they will allow the price to fall just like that, for dis our mago mago NSE?

kaytues:
i need a stockbroker. I reside in ikotun... I want to sell my shares. Dangote Flour Mills. Contact me on 08082178754

Contact Meristem securities www.meristemng.com

Elai147:


Nice one. This your No.3 ehhh? You be pastor ni? Do yo mean you'll not be willing to invest in stocks like NB and Guinness even when they have become the holy grail?

Am not very religious but top on my priority on this earth is to make heaven.

I am a muslim and staying away from those stocks is my own way of doing the best I can not to promote such businesses.

However, if I do not have a job and that is the only job available, I would work there to earn a living.

Na wa for fcmb sha!

carpenter:


You my friend is a strongman.

I can trade beco for standard insurance

Oga carpenter, you no like me at all..Chia from std ins to beco petroleum

Born2berich:


Oga carpenter, you no like me at all..Chia from std ins to beco petroleum

You might be interested in Oil and Gas

Elai147:


That is the koko. It is illogical to be over exposed to an illiquid stock.

Supported

carpenter:


You might be interested in Oil and Gas

Afroil showed me strong thing then

I just bought transcorp at around N3.

Morgan capital is the best.

What the Bleep is wrong with Meristem?......You can't even log on all of a sudden.....

Oando changing