willyede:
@Carpenter
Please can you help me with any credible Stock broker for me to make use of in Abuja as i know that here is not the right channel to say this.

hmmmmmm

There are loads of them out there

I personally use Cowry Asset and I am comfortable with their services(I dont know if they have an office on Abuja but i can introduce you or you can just go to their website and contact them cowryasset.com). They are the right size for me, not too big, not too small. They take me serious even though my net worth is not that great. I have been to Meristem Registrars (not the broking arm) and I was quite pleased with their service. If the broking arm is anything like the registrars then, I would be open to use them also.

Sincerely, I don't shop around for brokers that much and the only time I tried it, I got my hand burnt.

Maybe one or two people might be able to recommend others.

...here is a list also http://nairametrics.com/list-stockbrokers-nigeria/

http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory

carpenter:


hmmmmmm

There are loads of them out there

I personally use Cowry Asset and I am comfortable with their services(I dont know if they have an office on Abuja but i can introduce you or you can just go to their website and contact them cowryasset.com). They are the right size for me, not too big, not too small. They take me serious even though my net worth is not that great. I have been to Meristem Registrars (not the broking arm) and I was quite pleased with their service. If the broking arm is anything like the registrars then, I would be open to use them also.

Sincerely, I don't shop around for brokers that much and the only time I tried it, I got my hand burnt.

Maybe one or two people might be able to recommend others.

...here is a list also http://nairametrics.com/list-stockbrokers-nigeria/

http://www.nse.com.ng/dealing-members/find-a-dealing-member/dealing-member-directory

oga mi sir.... E ku ijo 3

taiwoliu:
oga mi sir.... E ku ijo 3

Bros i hail O!

How market ...this one Inflation is at 9.5% and we are raking in around 8.5%

carpenter:


Bros i hail O!

How market ...this one Inflation is at 9.5% and we are raking in around 8.5%

Oga market dey ooo..... i've been busy at work,na y i no reach u since.
this market get as e be ooo, as it is i just close eyes for paper investment for now...... but lyk u adviced, a review is in the offing.



PS: I started floating my offline business..... #lessons

taiwoliu:
Oga market dey ooo..... i've been busy at work,na y i no reach u since.
this market get as e be ooo, as it is i just close eyes for paper investment for now...... but lyk u adviced, a review is in the offing.



PS: I started floating my offline business..... #lessons

Interesting... what is it about?

carpenter:


Interesting... what is it about?

agribusiness consultancy...... Farm setup, management nd investments

s I need objective analyisis on this. I bought a 1000 units penny stock of Japur oil before the bubble bust. On getting to my stockbroker I was told the current worth of the stock is N500.

What is the prospect of the company, any hope that their stock will bounce back?

Do I buy more of the stock?

I need sound advice

Arogunmasa:
s I need objective analyisis on this. I bought a 1000 units penny stock of Japur oil before the bubble bust. On getting to my stockbroker I was told the current worth of the stock is N500.

What is the prospect of the company, any hope that their stock will bounce back?

Do I buy more of the stock?

I need sound advice

Japaul Oil is involved in maritime business, I think business may pick up for indigenous companies but as usual you cannot be sure because even good profit for a company is not a guarantee for an investor.

If it makes you feel any better, I have about 250,000 of this stock and it is one of my worst investments so far. Will I be buying more? I am not convinced to put more money on that stock.

If I were you, i will put my money in a mutual fund for now.

money house, plz how do I monitor my fbn mmf online? thanx

yak:
money house, plz how do I monitor my fbn mmf online? thanx

Have you opened an online account with them? If you have, the usual way is to check how much you have in the fund one day against another day...same way you will do for a savings account.

If you have not, just go to FBN capital site and request for one.

carpenter:


Have you opened an online account with them? If you have, the usual way is to check how much you have in the fund one day against another day...same way you will do for a savings account.

If you have not, just go to FBN capital site and request for one.

Oga Carpenter, STANBIC IBTC Bank MMF as @ yesterday is 6.89%...going down...

Why is it so?

Why MMF interest not the same among different fund managers?

ukay2:



Oga Carpenter, STANBIC IBTC Bank MMF as @ yesterday is 6.89%...going down...

Why is it so?

Why MMF interest not the same among different fund managers?

Simply because the % at which each fund manager invests in the instruments that constitute their MMF is different.

They all probably invest in the same set of instruments but at varying percentages ...also their management fee is different.

This is FBN MMF, you can see it is going down too http://www.fbnquest.com/asset-management/fund-prices/mutual-funds-yield-history/historic-yield---january-2016

abeg hw do I open d online Acc? tnx

yak:
abeg hw do I open d online Acc? tnx

There is an online access button to fill an online access form but it is not working at the moment.

Try to send a mail to the email addresses below or anyone you have been in contact with

http://www.fbnquest.com/asset-management/contact-us

carpenter:



There is an online access button to fill an online access form but it is not working at the moment.

Try to send a mail to the email addresses below or anyone you have been in contact with

http://www.fbnquest.com/asset-management/contact-us

just finished reading pg 1-23

I doff my hat.

Sir, do you have any suggestions on shares?

Ups01:


just finished reading pg 1-23

I doff my hat.

Sir, do you have any suggestions on shares?

Hallo,

My share portfolio is about twice the money I have in Mutual Funds because I am largely an investor. I only buy once in a while and I have not sold in about 3 years or more. I would say, stick to stocks with good fundamentals and now is the time to buy if you have the money. Stocks are cheap and they may even get cheaper but nothing is for sure unfortunately. I wish I knew the special stock i could put all my money on...but I don't, in reality i don't think anyone does. Below is what I wrote some months back...


"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."

carpenter:


Hallo,

My share portfolio is about twice the money I have in Mutual Funds because I am largely an investor. I only buy once in a while and I have not sold in about 3 years or more. I would say, stick to stocks with good fundamentals and now is the time to buy if you have the money. Stocks are cheap and they may even get cheaper but nothing is for sure unfortunately. I wish I knew the special stock i could put all my money on...but I don't, in reality i don't think anyone does. Below is what I wrote some months back...


"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."

Mr Carpenter, I must honestly say you know your onions well. As a total novice on investment I started to correlate some things I was taught in economics some years back while reading your comments, that of the OP and a host of others. This has actually made me to understand money and how it works to an extent. It has also modified my concepts of business investment. I must say I have learnt a lot from this thread and it has built a part of me.. Kudos once again!

Gooday ppl. Is it possible 4me 2me invest my 30k in mutual fund?


Hw does it work,is it like savings accnt?

I'm a novice i dnt knw anythn abt stockmarkt and i dnt wnt 2waste d 30k

To add to @carpenter's comment;

Right price is the share price + fee...stock can be underprice or overprice. Certain factors are considered to determine this. This could be looking at company fundamentals, micro economics, macro economics and industry behaviour.

Understand that investment in stock is a risky business but with proper risk management you won't have any problem...

Define your objectives before diving into stock investing..Stock is not an end but a means. Are you a long term (>5years), medium term (>2<5) or short term investor (<2years) investor..Also, are a value or income driven investor.

How do I pick my stocks- this is driven by your investment horizon described above. However, when picking stocks spread your risk across industry. Don't limit yourself to one.

Worthy to note is that never put your entire cash on stock- its dangerous! Make sure only a certain percentage of your available cash is invested in stocks...this has a lot of advantages as it will save you from financial stress, loss selling and meeting unexpected expenses...

If you require further information please drop your questions....

austine4real:
Gooday ppl.
Is it possible 4me 2me invest my 30k in mutual fund?



Hw does it work,is it like savings accnt?


I'm a novice i dnt knw anythn abt stockmarkt and i dnt wnt 2waste d 30k

Oga it is easy and simple. You can invest 5k sef.

Read from page 1 to this page, e plenty small but try.

A lot of factors would determine whether you want to invest this money or keep it in a savings account for now.

carpenter:


Oga it is easy and simple. You can invest 5k sef.

Read from page 1 to this page, e plenty small but try.

A lot of factors would determine whether you want to invest this money or keep it in a savings account for now.

tnx

ernie4life:
get this list compiled will take time because I want to give you full details of each. so please exercise patients with me

Helo boss, i would like 2 talk with u.
Very important and its urgent please.

Goodluckdenez@gmail.com.

Thank u sir.

carpenter:



There is an online access button to fill an online access form but it is not working at the moment.

Try to send a mail to the email addresses below or anyone you have been in contact with

http://www.fbnquest.com/asset-management/contact-us

Oga carpenter pls i want to talk to u.
Goodluckdenez@gmail.com.
Thank u sir.

.

Coolcash1:
To add to @carpenter's comment;

Right price is the share price + fee...stock can be underprice or overprice. Certain factors are considered to determine this. This could be looking at company fundamentals, micro economics, macro economics and industry behaviour.

Understand that investment in stock is a risky business but with proper risk management you won't have any problem...

Define your objectives before diving into stock investing..Stock is not an end but a means. Are you a long term (>5years), medium term (>2<5) or short term investor (<2years) investor..Also, are a value or income driven investor.

How do I pick my stocks- this is driven by your investment horizon described above. However, when picking stocks spread your risk across industry. Don't limit yourself to one.

Worthy to note is that never put your entire cash on stock- its dangerous! Make sure only a certain percentage of your available cash is invested in stocks...this has a lot of advantages as it will save you from financial stress, loss selling and meeting unexpected expenses...

If you require further information please drop your questions....

goodluckdenez@gmail.com is my mail bro. Hav alot of questions to ask.
Thank u very much.

Please every question should be ask in this forum so that we all will learn.

There should be no private talk in this forum.

We have lots of gurus in this house ready to tell you everything in this floor.

My little advice only... to avoid scammers...

ukay2:
Please every question should be ask in this forum so that we all will learn.

There should be no private talk in this forum.

We have lots of gurus in this house ready to tell you everything in this floor.

My little advice only... to avoid scammers...

Got u clearly.
Thanks man.

Hhansome:


goodluckdenez@gmail.com is my mail bro. Hav alot of questions to ask.
Thank u very much.

I did not request for your email and don't be in a hurry to always give out your personal data on internet to avoid scam...

Please drop your questions here and I will respond.

Thanks.

Gurus in the house. Please what do you guys think is the best mutual fund to invest in at the moment? And by best, I mean in terms of price per unit to earnings ratio.

Thanks a lot.

Cc coolcash1, ernie4life, carpenter

Coolcash1:


I did not request for your email and don't be in a hurry to always give out your personal data on internet to avoid scam...

Please drop your questions here and I will respond.

Thanks.

Need 2 get in touch wit u 4 questions aside this topic.

Its important b4 i make mistakes, pls.