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Us Stocks Pick Alert - Investment (206) - Nairaland

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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 Nobody: 12:41am On Dec 29, 2020
YankeeRealtor:
Good day House, below is my situation:

I am Nigerian but reside in Canada. I have an account with GTB with roughly N16m; I opened the account with aggressive contributions from here because I had plans to build my retirement home, but my plans have changed. Currently I intend to find a reliable broker what would let me use 90% of my funds to invest in some U.S stock for maybe 10-15years; I mean letting N16m idle in my savings account with little monthly interest payment from GTB isn't quite encouraging.

So, guys, what are your recommendations? During registration, my residential address has to match my ID documents here in Canada, as I don't have a Nigerian address-- I dig Trading212 but they don't support Canada. Does any member of this forum have a similar situation? How did you go about it?

I appreciate your guys' help. And by the way, I did read through the entire 205 pages, but nothing relates to my situation.

Thanks for your help guys!


Me, i live abroad , also have some change in Nigeria.

I opted for passfolio, you don't need a bill just bvn and passport.

It's also great for taxation, won't say more about this grin

6 Likes

Re: Us Stocks Pick Alert by Nobody: 12:42am On Dec 29, 2020
Everything you need to know about spacs here

https://start.me/p/vja7vL/spacs

1 Like

Re: Us Stocks Pick Alert by benedictuyi(m): 12:48am On Dec 29, 2020
Good day guys.
I'm trying to activate my T212 account.
There's a difference in the address I provided on T212 and my bank account. Reason being houses were renumbered.

I figure even if I get a signed and stamped bank statement, it will likely be rejected.

Will it be possible to mail T212 for a change of address?

1 Like

Re: Us Stocks Pick Alert by Nobody: 1:25am On Dec 29, 2020
I'll look into this. Thanks!

1 Like

Re: Us Stocks Pick Alert by sircatherine45(m): 2:35am On Dec 29, 2020
Hello
What is the minimum amount i can use to start stocks trading in any platform?
Thanks!

1 Like

Re: Us Stocks Pick Alert by Predstan: 8:06am On Dec 29, 2020
OakPearl:
Day traders see what you can make out of this.

OCGN
UAVS.
Good luck.

What’s the best broker for day trading for someone in America. Robinhood has a restriction on day trading if your money is less than 25k dollars
Re: Us Stocks Pick Alert by ChybuzzDD(m): 8:21am On Dec 29, 2020
Predstan:


What’s the best broker for day trading for someone in America. Robinhood has a restriction on day trading if your money is less than 25k dollars

Check out Webull and Ameritrade.
Re: Us Stocks Pick Alert by ChybuzzDD(m): 8:27am On Dec 29, 2020
sircatherine45:
Hello

What is the minimum amount i can use to start stocks trading in any platform?

Thanks!

Your minimum amount depends on the stock(s) you want to buy.
SENS, for instance, goes @0.95 dollars per share, while AMZN goes @3,283 dollars per share.

There's no fixed/pre-determined minimum amount for starting.

It all depends on what you want to buy, and how much you want to put in.

2 Likes

Re: Us Stocks Pick Alert by sulaimon22: 8:32am On Dec 29, 2020
sircatherine45:
Hello

What is the minimum amount i can use to start stocks trading in any platform?

Thanks!

You can buy stock as low as $1 but each platforms have different minimum amount to deposit. I'm using Bamboo, their minimum amount to deposit is $20

1 Like

Re: Us Stocks Pick Alert by ChybuzzDD(m): 8:32am On Dec 29, 2020
YankeeRealtor:
Good day House, below is my situation:

I am Nigerian but reside in Canada. I have an account with GTB with roughly N16m; I opened the account with aggressive contributions from here because I had plans to build my retirement home, but my plans have changed. Currently I intend to find a reliable broker what would let me use 90% of my funds to invest in some U.S stock for maybe 10-15years; I mean letting N16m idle in my savings account with little monthly interest payment from GTB isn't quite encouraging.

So, guys, what are your recommendations? During registration, my residential address has to match my ID documents here in Canada, as I don't have a Nigerian address-- I dig Trading212 but they don't support Canada. Does any member of this forum have a similar situation? How did you go about it?

I appreciate your guys' help. And by the way, I did read through the entire 205 pages, but nothing relates to my situation.

Thanks for your help guys!


With Passfolio or any of the Nigerian Apps, you can trade with your naira domiciled in your GTB account , while still living in Canada.
That's what i do.
Suffice to say you have a functional GTB mobile App to be able to transfer money from the account.

1 Like

Re: Us Stocks Pick Alert by talk2tonie: 8:42am On Dec 29, 2020
ChybuzzDD:


With Passfolio or any of the Nigerian Apps, you can trade with your naira domiciled in your GTB account , while still living in Canada.
That's what i do.
Suffice to say you have a functional GTB mobile App to be able to transfer money from the account.

When in Canada, can you fund your trading212 account using your Canadian (CAD) bank card?
Pls reply.

1 Like

Re: Us Stocks Pick Alert by ChybuzzDD(m): 9:06am On Dec 29, 2020
talk2tonie:


When in Canada, can you fund your trading212 account using your Canadian (CAD) bank card?
Pls reply.
I don't know if T212 is available for those in Canada. I'm in a different country, and not using T212 currently.

1 Like

Re: Us Stocks Pick Alert by talk2tonie: 9:23am On Dec 29, 2020
ChybuzzDD:

I don't know if T212 is available for those in Canada. I'm in a different country, and not using T212 currently.

Thanks for your response.

1 Like

Re: Us Stocks Pick Alert by oluwamitomisin: 11:34am On Dec 29, 2020
Nigeria/US investors,
I saw this on businessday few days ago.
Should we be alarmed by this opinion/news?

https://businessday.ng/opinion/article/sec-vs-chaka-key-lessons-for-regulators-and-securities-fintech-companies/

2 Likes

Re: Us Stocks Pick Alert by Nobody: 1:36pm On Dec 29, 2020
ChybuzzDD:


With Passfolio or any of the Nigerian Apps, you can trade with your naira domiciled in your GTB account , while still living in Canada.
That's what i do.
Suffice to say you have a functional GTB mobile App to be able to transfer money from the account.

passfolio is like Trading212, it doesn't support Canada. When I selected Nigeria, they required me to add my residential address in Nigeria; that I don't have. Is there a way around this? Thanks...

1 Like

Re: Us Stocks Pick Alert by benedictuyi(m): 2:24pm On Dec 29, 2020
YankeeRealtor:


passfolio is like Trading212, it doesn't support Canada. When I selected Nigeria, they required me to add my residential address in Nigeria; that I don't have. Is there a way around this? Thanks...
What address did you use to open your GTB?
Can't you use that?

3 Likes

Re: Us Stocks Pick Alert by stokfrick: 2:45pm On Dec 29, 2020
jajeri3216:


Me, i live abroad , also have some change in Nigeria.

I opted for passfolio, you don't need a bill just bvn and passport.

It's also great for taxation, won't say more about this grin


@jajeri3216, how has your experience with passfolio been like?
Does the app it still hang ie, does it operate smoothly?

1 Like

Re: Us Stocks Pick Alert by afroxyz: 2:49pm On Dec 29, 2020
oluwamitomisin:
Nigeria/US investors,
I saw this on businessday few days ago.
Should we be alarmed by this opinion/news?

https://businessday.ng/opinion/article/sec-vs-chaka-key-lessons-for-regulators-and-securities-fintech-companies/

We still dey watch them

1 Like

Re: Us Stocks Pick Alert by Nobody: 2:59pm On Dec 29, 2020
stokfrick:


@jajeri3216, how has your experience with passfolio been like?
Does the app it still hang ie, does it operate smoothly?

It still hangs, not great.

You'll get used to it.

1 Like

Re: Us Stocks Pick Alert by SchoolPedia: 3:01pm On Dec 29, 2020
stokfrick:


@jajeri3216, how has your experience with passfolio been like?
Does the app it still hang ie, does it operate smoothly?



The app usually hangs at my end.

Anyone with similar experience using this passfolio app?

It's kinda discouraging.

1 Like

Re: Us Stocks Pick Alert by donrabii: 3:21pm On Dec 29, 2020
Since you're in Canada, convert the money to CAD and trade on WeslthSimple or Questtrade


[quote author=YankeeRealtor post=97511833]Good day House, below is my situation:

I am Nigerian but reside in Canada. I have an account with GTB with roughly N16m; I opened the account with aggressive contributions from here because I had plans to build my retirement home, but my plans have changed. Currently I intend to find a reliable broker what would let me use 90% of my funds to invest in some U.S stock for maybe 10-15years; I mean letting N16m idle in my savings account with little monthly interest payment from GTB isn't quite encouraging.

So, guys, what are your recommendations? During registration, my residential address has to match my ID documents here in Canada, as I don't have a Nigerian address-- I dig Trading212 but they don't support Canada. Does any member of this forum have a similar situation? How did you go about it?

I appreciate your guys' help. And by the way, I did read through the entire 205 pages, but nothing relates to my situation.

Thanks for your help guys!

2 Likes

Re: Us Stocks Pick Alert by sircatherine45(m): 3:22pm On Dec 29, 2020
ChybuzzDD:


Your minimum amount depends on the stock(s) you want to buy.
SENS, for instance, goes @0.95 dollars per share, while AMZN goes @3,283 dollars per share.

There's no fixed/pre-determined minimum amount for starting.

It all depends on what you want to buy, and how much you want to put in.

Ok, thanks a lot!

1 Like

Re: Us Stocks Pick Alert by sircatherine45(m): 3:23pm On Dec 29, 2020
sulaimon22:


You can buy stock as low as $1 but each platforms have different minimum amount to deposit. I'm using Bamboo, their minimum amount to deposit is $20

Thanks!

I'll look up bamboo

Chaka is kinda giving me doubts...

1 Like

Re: Us Stocks Pick Alert by 1kinggy(m): 4:04pm On Dec 29, 2020
benedictuyi:
Good day guys.
I'm trying to activate my T212 account.
There's a difference in the address I provided on T212 and my bank account. Reason being houses were renumbered.

I figure even if I get a signed and stamped bank statement, it will likely be rejected.

Will it be possible to mail T212 for a change of address?

Even if the address on your bank statement is not up-to-date, it is safer to use that one.

2 Likes

Re: Us Stocks Pick Alert by Fearjah: 4:36pm On Dec 29, 2020
YankeeRealtor:


passfolio is like Trading212, it doesn't support Canada. When I selected Nigeria, they required me to add my residential address in Nigeria; that I don't have. Is there a way around this? Thanks...

1 Like

Re: Us Stocks Pick Alert by Leezah(f): 4:38pm On Dec 29, 2020
YankeeRealtor:
Good day House, below is my situation:

I am Nigerian but reside in Canada. I have an account with GTB with roughly N16m; I opened the account with aggressive contributions from here because I had plans to build my retirement home, but my plans have changed. Currently I intend to find a reliable broker what would let me use 90% of my funds to invest in some U.S stock for maybe 10-15years; I mean letting N16m idle in my savings account with little monthly interest payment from GTB isn't quite encouraging.

So, guys, what are your recommendations? During registration, my residential address has to match my ID documents here in Canada, as I don't have a Nigerian address-- I dig Trading212 but they don't support Canada. Does any member of this forum have a similar situation? How did you go about it?

I appreciate your guys' help. And by the way, I did read through the entire 205 pages, but nothing relates to my situation.

Thanks for your help guys!

Wealth Hackers on Telegram will help you better

1 Like

Re: Us Stocks Pick Alert by stokfrick: 5:12pm On Dec 29, 2020
sulaimon22:


You can buy stock as low as $1 but each platforms have different minimum amount to deposit. I'm using Bamboo, their minimum amount to deposit is $20

Does bamboo have a phone contact or telegram group?

1 Like

Re: Us Stocks Pick Alert by Nobody: 5:50pm On Dec 29, 2020
Kennyking1234:
I saw your Pm, I don't know how to use it. Please message Kennedyokpara20162@gmail.com

Thanks your advice worked, they opened for my babe, I will create another account and open with them, their customer service is slow that I'd rather open a 3rd account

1 Like

Re: Us Stocks Pick Alert by Nobody: 6:15pm On Dec 29, 2020
YankeeRealtor:


passfolio is like Trading212, it doesn't support Canada. When I selected Nigeria, they required me to add my residential address in Nigeria; that I don't have. Is there a way around this? Thanks...

Put a Nigerian address eg your family home, for passfolio, bill not needed.

212 not so forgiving

Exactly what i did.

1 Like

Re: Us Stocks Pick Alert by sulaimon22: 6:42pm On Dec 29, 2020
stokfrick:


Does bamboo have a phone contact or telegram group?

Yes they have a telegram group

1 Like

Re: Us Stocks Pick Alert by mindpresh: 7:26pm On Dec 29, 2020
tis crazy!!


ThePropertyGuy:
Fund management? I doubt you know what it means. I weep. Financial literacy is something to be taken very seriously.

Everybody and their grandmas now think they manage other peoples money. Z[b]ero antecedent, zero prospectus, zero credentials,[/b] zero regulation.

1 Like

Re: Us Stocks Pick Alert by stokfrick: 7:30pm On Dec 29, 2020
sulaimon22:


Yes they have a telegram group
Pls can I have the link to the bamboo telegram group sir.
Thank you.

1 Like

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