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bioye (m)
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Hi. Was wondering if any of us invests in the stock market and what kind of investor you are. Do you use online investment sites? Do you make money by making profit from buying/ selling shares or you prefer to wait for dividends and bonus issues?
Let's discuss and maybe we can help improve one another's investment profits!
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delarontus (f)
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I'm a newbie in the stock market so i'll probably benefit a lot from other peoples' ideas. I'm just about to dabble into the Federal Government bonds in the market.
Personally, i prefer to buy stocks for keeps rather than speculate and for this reason i don't buy everthing that is advertised.
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Allwell (m)
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I am also new the stock market. Learnt a few things from a seminar and thought I should give it a try. I don't buy and sell rather I wait for dividend. Can you enlighten us on the stock market?
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kazey (m)
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Before i proceed let me just tell you, that i have not really officially dealt directly with the stock market, but i have play arround it, especially the Forex once. Before i kind of get burnt badly.
I really am not good in technicalities etc, but i would tell you one thing. If you are really after making a living out of stocks, i would encourage that you forget those dividents, honestly the dividents are nothing compare to the worth of what you actually invested in. And the stock price booms are not boomy always as they are said to be. You might be very lucky, but what of if you are not lucky? Does that mean losing all your money, in the case if the market crashes?
Now if you are really after the fast cash flow, i would encourage you to study more on technical analysis, and just buy and sell, and keep the change. That means actually studying and trading daily. Well if you are curious of what technical analysis is, well i got a good definition from the net, and as i said i am not into all those technicalities, i am more of a practical guy. Technical analysis is the study of price action in markets through the use of charts and quantitative techniques to attempt to forecast price trends.
So virtually you would be gambling in the stock market daily, studying the flow and buying and selling. Well people make fortunes daily through that and also people become bankrupt too. If you ask me for my personal honest opinion i would say, look into other investment lines, avoid stocks.
Now another part of stocks that is said to be a bit more profitable and safer and the tradings are daily based would are the stock Options. Using Puts and Calls as they call it, based on your experience in the market, you can speculate and insure stocks, that you actually do not directly own. Well the beauty is if your speculations where correct at the closing, you pocket the change. Well you could read more online in all that relations. Getting relative books also would be great.
But as i said and would always stick too, the stock market is a rewarding "Casino" in disguise.
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bioye (m)
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In general, i believe if you are to invest in the stock market, you either to choose to be an active trader and make profit from the rise and fall of shares or you depend on dividends. To maximimise profit from either option, you may need to keep buying and selling. Now, i am not a professional or experienced stockbroker but i have some ideas. To be a good investor takes some work. You have to watch the stock market regularly and do analysis. The papers or tv do a bad job. There are some nice websites that provide a lot of good information e.g: www.cashcraft.com, www.experesson-line.com and www.africanfinancialmarkets.com for stock information and www.allafrica.com for company news. From my point of view, a good approach for someone interesting in momentum investing (active trading to make profits) should select stocks whose graphs show regular rises and falls within weeks or months. The they should wait for the share to drop low, buy, wait for it to rise and sell. Just watch the charts! Now, after shortlisting shares that rise and fall, you may want to check out the company to see if it's healthy. Look for the results for the past 4 quarters. Cashcraft arranges different equities based on various performance indices eg. dividend yield, Price Earnings Ratio(PE), Earnings Per Share(EPS). These can help you discover healthy companies. But i think by the time you get used to regular study of the market and you have a good stockbroker, it's fairly easy to make a lot of money. I guess i have to prove this to be true in practice first! Anybody has other ideas? |
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bijorium (m)
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Try googling ' Amyn Investments'. They are a stock broking firm with some credibility. A couple of my friends have referred me . They published a book recently WRT the topic of discussion. I am buying one later today. I hope to beat you to making some well deserved dough in the stock exchange  As regards any financial transactions, it's best to have a lot of information at your disposal so you do not lose your hard earned money. Look at the news stands; I remember coming across a publication called ' Stockswatch' . I looked through a copy once, and I must say that they did a nice job. All the best.  |
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bioye (m)
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sorry, there was an error in one of the earlier links: http://www.expresson-line.com . bijorium, i checked out the Amyn website. Maybe the company is a nice stockbroking firm, but they don't have online investment tools unlike the sites i suggested. meanwhile, i look forward to competing with you in terms of investment returns. you'll be hearing from me soon.. laters.. |
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Ehimare
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bioye said : "In general, i believe if you are to invest in the stock market, you either to choose to be an active trader and make profit from the rise and fall of shares or you depend on dividends. To maximimise profit from either option, you may need to keep buying and selling. Now, i am not a professional or experienced stockbroker but i have some ideas." "From my point of view, a good approach for someone interesting in momentum investing (active trading to make profits) should select stocks whose graphs show regular rises and falls within weeks or months. The they should wait for the share to drop low, buy, wait for it to rise and sell. " Playing the markets like this is just as good as gambling (being a speculator) check out http://goldtruck(dot)blogspot(dot)com/2005/12/speculation-vs-investing.html to understand the difference between being a speculator and an investors |
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DoubleRevv (m)
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I am not a newbie and dnt even own a share..thing is, are you in the stock market with some fear or with plenty of fear.Golden rule is don't loose your principal.If your out tomake money You trade your shares frequently(don't know the tech name). but if you are afraid just by shares for dividends.
You may also be involved in active trading and towards the end of the year buy shares of a company doing well.so You earn dividends too. note however that companies would usually set a date for which dividends for shares held prior to that period will be paid.
Don't play safe Play it smart.
Robert Kiyosaki, author of "Who took my money?"
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aikyg (m)
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For those who do not believe that you can make money investing in the Nigerian Stock Exchange, my advice is that you visit http://www.smartinvestorafrica.com. There you can easily get the scoop on investing in Naija; clear insight into the opportunities therein. This is no fluke. I can attest to that. Just give it a try. Those guys are too much. |
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lagosAjebo
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I am a big fan of www.StockMarketNigeria.com/forums. Very good discussions on all the hottest stocks and public offers. Plus there free ebook is quite good (though a bit dated) |
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chydoncc
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you all have good knowledge about stock. the thing is speculate, buy and sell for short term investors.
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buzzgonz (m)
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*peeping in*
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edafed
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please house I am yet to start investing in stock, and I am a low income earner, so i need advice as to where & how to start. my email add is eechuks@yahoo.com & my number- 08034025809 |
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