i buy stocks becos i want to make money. I know it works somehow

because i like the colour of the certificates

it's better than saving money in a savings account, if you know what you are doing

I have never seen a certificate

GMG:

@oore

Thanks for the advice. Please what does cscs account me? Please pardon my ignorance on the subject. Another question is, if I have shares with more than one stockbrokers, do I need to have two cscs account and finally, how long does it take to convert certificate into electronic one.

Thanks in advance for the reply

@ GMG,
CSCS account - CSCS is the central body that keeps share certificates of all companies quoted on Nigerian stock exchange. It transforms your paper certificate into paperless form. When this is done you have an account with them showing you the details of your lodgement. The CSCS account can be liken to taking your money to the bank to keep while they issue you monthly statement or viewing it on-line. for further details on definition of CSCS and anything about CSCS you can visit www.cscsnigerialtd.com. Note that an account can be created for you only if you go through a registered stockbroker of NSE.
For multiple accounts, you also get more info. on the cscs website. There is CHN and investor's account number, I will advise that if you intend to use more than one stockbroker, try to keep only one CHN (clearing house number) while the investor's account number will be issued for each stockbroker.
Pls take time to get more info. on the CSCS website. It will do you good.

Conversion of your certificate to electronic one varies from one company registrars to another and how efficient your stockbroker can follow up with the registrar of the company you own shares. Your personal responsibilities on this conversion is to ensure your address and signature are consistent with those in buying the shares with during the public offer. It could take two weeks or months

yimiton:

I buy them because every other person buys them!
Just as you said, I lock up the certificates and those that are not delivered, i don't care about.
I hope I'll wake up to them some day though.

@ yimiton,
Please WAKE UP NOW. It will do you good if you at least recover all your certificates and lodged them in CSCS even if you are not trading in them. I am sure you will be happy to see how far your investment is generating money for you. You will also have peace of mind that fire or robbery will not affect your investment.
If you do not monitor your holdings (even by keeping ear on the ground about the companies you have shares) and you are not yet awake, by the time you wake up, the paper certificates you have been keeping will just be paper worth not even 50 kobo if the companies you have holdings liquidate.

Please no intended offence if the tone is high for you.

Pls can anybody brief me how trading of stocks is being done on the floor of STOCK EXCHANGE and how one can make a "quick" cool cash from it within a specified period of time .

9ja_fella:

Please can anybody brief me how trading of stocks is being done on the floor of STOCK EXCHANGE and how one can make a "quick" cool cash from it within a specified period of time .

Stock trading on the floor of the exchange is only done by accredited stockbrokers. you as an individual have to engage the services of these brokers at a fee called commission. they(stockbrokers) charge you a fee when you ask them to buy for you and when you ask them to sell.

to use the services of a stockbroker, you need to register with one (there are so many of them) but only a few are worth your while. if you can get a copy of any public offer prospectus, you will see on one of the last pages, a list of stockbrokers in nigeria.

the cool cash you make is the difference between the price at which you buy and sell after the broker has removed his commission both ways

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@ walcom.
thanx for the piece of advice. That goes a long way,

Well to me i buy shares because a friend of mine made to ( he introduced me into buying shares years back) and since then i realize its a good investment and v never had cause to regret it. Would advice you to start buying but b4 then make sure you v a good stock broker to advice you on which share is really worth buying, you just dont buy any share in the market.

Dear Friends,
Joining for the first time. The topic is quite interesting, shares are meant to serve as investment. can anyone link me up with a stock broker.

,

Is there anybody that can educate me more on shares and stock.I will also want that person to expalin what right ISSUE is?, Thanks

Check this thread for more info,

https://www.nairaland.com/nigeria/topic-31554.0.html

Excellent returns.

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