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MTN Shares Pick Alert / My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria (2) (3) (4)
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Re: Us Stocks Pick Alert by OakPearl(m): 8:30pm On Apr 30, 2020 |
Wiseoldman: Winnings is what we do on this forum. More wins man. Let me just chip in: Investors based in Nigeria using these Fintechs (Trove, Chaka and Bamboo) please do your permutations well before selling as each transaction is charged % fees. So assuming charges are 10%, you buy a stock, you are charged and when you sell, you are charged 10% bringing your full cycle transaction charges to up to 20%! This is part of the reason we need more patience unlike our US based counterparts who enjoy fairer brokerage charges. #Safetyfirst. 10 Likes |
Re: Us Stocks Pick Alert by OakPearl(m): 8:33pm On Apr 30, 2020 |
abuabdullah: Kai...this got me cracked up. |
Re: Us Stocks Pick Alert by OakPearl(m): 8:37pm On Apr 30, 2020 |
ChybuzzDD: My words were that I "followed" it. I had mentioned in an earlier comment about how helplessly I watched it as I was unable to partake due to the fact they weren't listed on Trove. 1 Like |
Re: Us Stocks Pick Alert by 4Play(m): 8:40pm On Apr 30, 2020 |
OakPearl: Well said. Transaction costs are parasitic for frequent traders so people need to avoid frequent trading as much as possible. I think it's more like 1% of transaction value for the Nigerian apps trading US equities? |
Re: Us Stocks Pick Alert by OakPearl(m): 8:42pm On Apr 30, 2020 |
kunlef1: You did everything you ought to do. I realised some brokers can be very difficult. I suggest another way that has yielded meaningful results in cases like this: Gather your papers, scan them and do them an email expressing your displeasure and frustration about how they have handled this issue after so many years. And then add the straw that breaks their back by copying SEC in your email. Watch how they hustle to sort your matter out of fear of the regulator. |
Re: Us Stocks Pick Alert by OakPearl(m): 8:45pm On Apr 30, 2020 |
YerYer: Funny dude What could be sweeter than making money and having fun at the same time? |
Re: Us Stocks Pick Alert by OakPearl(m): 8:46pm On Apr 30, 2020 |
handsomebolanle:Most welcome. |
Re: Us Stocks Pick Alert by OakPearl(m): 8:47pm On Apr 30, 2020 |
YerYer: Sharp shooter! |
Re: Us Stocks Pick Alert by OakPearl(m): 8:48pm On Apr 30, 2020 |
Northeastern: Endorsed!!! 1 Like |
Re: Us Stocks Pick Alert by OakPearl(m): 8:50pm On Apr 30, 2020 |
seyisanya: You seem to me as a studious man and I am not wrong. At this rate, the sky is your "origin"! More wins to you bro. 2 Likes 1 Share |
Re: Us Stocks Pick Alert by Phraences: 9:06pm On Apr 30, 2020 |
Hello everyone. I am new here and i have started reading the thread from the beginning. Thank God it is not up to 50 pages yet. Just a quick question. So basically you make money by buying shares at low price and selling high or do you buy and hold in order to get dividends? Which one is better? 1 Like |
Re: Us Stocks Pick Alert by thesilentone(m): 9:54pm On Apr 30, 2020 |
Phraences: The answer to your question is very subjective. Every one comes into the market with the aim of 'buying low and selling high' but ofcourse not everyone manages to do this for various, unpredictable reasons. For a start, no one knows how low is low. Your entry price is the sellers exit price. I'd suggest that you need more than this singular strategy if you want to succeed in any market. I cannot tell you which one is 'better', this is always a personal decision that takes into consideration all your circumstances. There is no 'one cap fits all' in the market. 2 Likes |
Re: Us Stocks Pick Alert by Phraences: 10:32pm On Apr 30, 2020 |
thesilentone: Thanks. 1 Like |
Re: Us Stocks Pick Alert by Olalekank(m): 12:18am On May 01, 2020 |
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Re: Us Stocks Pick Alert by handsomebolanle: 12:19am On May 01, 2020 |
I wont advice anyone to guy Gilead or any vaccine company except for short term... I believe the vaccine will become a political tool.. Moreover we could see over 200 types of vaccine that will saturate the market... When buying stocks base on value I advice we look into the prices in terms of percentage decrease/increase...So much good stocks to pick from now if you have enough money with you. 3 Likes |
Re: Us Stocks Pick Alert by MummyIMadeIt: 5:42am On May 01, 2020 |
Indeed I feel Rich though green in this aspect of financial freedom for having stumbled upon this thread while looking for something one can do legitimately to make ends meet. Currently at page 29 and still following judiciously, though I can't wait to start up something with the little I have. Have decided to run both short term and long term trading owing to financial constraint. I am looking at going short for the time being then subsequently go long term with the profit from the short and whilst I continue trading with the capital short termly I hope it works out, but lemme catch up with the thread first before my final showdown. Thanks Oakpearl, YerYer, and all the wonderful people For this wonderful thread. 2 Likes |
Re: Us Stocks Pick Alert by xhuksy: 11:59am On May 01, 2020 |
handsomebolanle: @handsomebolanle, we won't mind a mention of some quality stocks that have decreased drastically this period and now have very good upside potentials. We would be glad if you can shed more lights on this. Thanks and God bless you |
Re: Us Stocks Pick Alert by handsomebolanle: 12:04pm On May 01, 2020 |
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Re: Us Stocks Pick Alert by lafuria1(m): 12:39pm On May 01, 2020 |
Today might just be a RED day, the pre market currently is bad. Investors don't like been told they won't make money and Also they hate uncertainty. Despite Apple beating revenue projections for the last quarter, Investors are not happy because apple said they can't tell them what they will make in next quarter. Amazon said they will spend their last quarter profit of 4bn dollars on fighting covid-19 Amazon is down by 6%. Still a good buy, people are staying home and making orders now. It's an opportunity to buy some stocks cheap but just know that this coming months, May , June, July won't be a smooth ride. Be vigilant so you don't lose all your gains. Better to sell with your gains and re buy at a cheaper rate. 1 Like |
Re: Us Stocks Pick Alert by thesilentone(m): 1:06pm On May 01, 2020 |
lafuria1: Trump threatening China has not helped sentiments too but in all, traders will do well to monitor closely. I am long on all my call options due in June and July, so no shaking |
Re: Us Stocks Pick Alert by lafuria1(m): 1:09pm On May 01, 2020 |
thesilentone: True, you are right. I honestly can't wait for November. Apple, Tesla, Nvidia, etc need the China market. 1 Like |
Re: Us Stocks Pick Alert by seyisanya(m): 3:30pm On May 01, 2020 |
OakPearl:Very true, boss. These Fintechs are making so much from the commission they charge. In fact, I realised most of the popular trading platforms in the USA charge 0% commission! But the question is: how do they make money? |
Re: Us Stocks Pick Alert by lancee(m): 3:46pm On May 01, 2020 |
Market on red ...just booked my profit on warren's Reit ..Stor ..I will re-enter if see good dip Sold half of my gild at minimal loss |
Re: Us Stocks Pick Alert by MummyIMadeIt: 3:53pm On May 01, 2020 |
Big men in the house sorry for disturbing but I really will like to know if someone can start this up with 10k naira value. If possible ,will like to start trading. Likewise between Chaka and trove which best suits my portfolio of starting small with less charges and exchange fees Again I am a novice and wouldn't mind guidance on what shares to buy with that little fund as I also learn from the investment sites listed on the thread. Thanks |
Re: Us Stocks Pick Alert by ijedeikorodu(m): 3:58pm On May 01, 2020 |
Stocks slump amid coronavirus warnings from Big Tech, Big Oil - Amazon, Apple, Chevron and Exxon Mobil all reported fallout from the coronavirus pandemic https://www.foxbusiness.com/markets/us-stocks-may-1-2020 U.S. equity markets were under pressure Friday as Big Tech and Big Oil warned that COVID-19 is hurting business and President Trump threatened action against China, which he says wasn't sufficiently forthcoming about the severity of the outbreak. The Dow Jones Industrial Average dropped 434 points, or 1.76 percent, while the S&P 500 and the Nasdaq Composite tumbled 1.9 percent and 2.2 percent, respectively. The losses come just a day after both the Dow and S&P 500 wrapped up their strongest month in over 33 years. The COVID-19 pandemic has rattled a broad array of industries, with companies from Amazon to Apple, Exxon Mobil and Chevron all detailing the effects of the pandemic. The Trump administration is reportedly considering a wide array of options, including tariffs, to hold China accountable for the health crisis and economic damage caused by the virus. President Trump diverting the blame on China. |
Re: Us Stocks Pick Alert by afroxyz: 5:23pm On May 01, 2020 |
bjbjbj: Can you suggest some links? 1 Like |
Re: Us Stocks Pick Alert by conyema12(m): 6:05pm On May 01, 2020 |
Great thread... |
Re: Us Stocks Pick Alert by kunlef1: 6:13pm On May 01, 2020 |
OakPearl: Yes, that is what I just did. Copied CSCS, SEC and my stockbroker. Also left message on SEC social media page with all in copy. CSCS reached out to me that they will contact my stockbroker to get the forms signed and sent to registrar after lockdown. All I know is that I will not visit anybody's office again. I will give them a little more time before harassing them further. See the slip I was given below. 1 Like
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Re: Us Stocks Pick Alert by lafuria1(m): 6:23pm On May 01, 2020 |
MummyIMadeIt: Yes , you can invest 10k Naira, just know that the return will be very small. If you make 10%, you will get 1000 naira profit, you just have to be patience to make that 10%. You will have to download both apps, registered with them and see what they offer and you make your decision on which one you will prefer. I don't use any of them, so I can't tell you their differences. As a novice, it's generally advisable to buy from the popular big companies that are stable, like apple , Amazon, Google ( Alphabet) etc. When you check the apps you will get more info. Buying a stock is like buying gold, when the value of gold increase over time, your money will Increase, and vice versa This just a high level summary, you will need to ask questions and read more on how the stock market operates and how to get the best out of it 2 Likes |
Re: Us Stocks Pick Alert by OakPearl(m): 6:32pm On May 01, 2020 |
lafuria1: I smell a bit of a conspiracy: Amazon's announcement, plus Trump threatening China and then most recently, Elon Musk stating Tesla stock price is too high thereby leading to a prompt 10% price depreciation. With all of these happening at the same time, it tells a lot. As negative as it appears, all I see is opportunity to cherry-pick great stocks when they a through crashing prices by their actions. |
Re: Us Stocks Pick Alert by OakPearl(m): 6:35pm On May 01, 2020 |
kunlef1: Perfect. Get set to receive your unclaimed dividends. |
Re: Us Stocks Pick Alert by lafuria1(m): 7:26pm On May 01, 2020 |
OakPearl: True, opportunity to capitalise. Elon musk statement really puzzled me, musk is a big friend of Trump.. I just didn't get They know what they are doing. Some argue that what musk did is in violation of NYSE regulations. We watch to see how low it goes. |
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