ogadeolu:
My ogas and madams, i hail all of una, i even dobale here oh. I have learn a lot and still learning from you all.
pls i have a request and need your honest advice.
It happens that in those days when i was newly introduced to stocks, my friend then always advice me to buy insurance shares and as a newbies, i swallow every advice he give, i have lots of them. I have sold some and i still have lot of them, most of them are in parking garage right now and i want to seek your advice.

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

please which one should i sell, hold or wait a bit to appreciate in this bear season 2.

I have since learnt more and been making wiser decision since then.

Thank you for your advice in advance.

God bless yeah.

Boy oh boy! The thing is it is even difficult to sell these stocks

Bloomberg - U.S. Stocks Fall as Exchanges Open; S&P 500 Index Loses 3.4% http://bloom.bg/1LvzDMm

U.S. stocks fell at the start of trading, as measured by the Standard & Poor's 500 Index, at 9:31 a.m. New York time.
The S&P 500 dropped 3.4 percent to 1,903.41. There were 0 stocks that rose and 145 that fell. Apple Inc, down 11.1 percent to $94.07, led the decline. The Dow Jones Industrial Average fell 3.3 percent to 15,924.66. For the year, the S&P 500 has lost 7.6 percent. The Dow has dropped 10.7 percent.

9free:

If only one knows the date Oga Buhari will name his cabinet, na to buy before that date go sure pass

Please do not make investment decision based on that.
You will most probably be disappointed. The momentum has been lost.
My guess is anytime from October till January 2016.
I think the market will be mostly bearish till year end.

manie:




Wetin be this, ol boy you no do well with thing kain stocks in your portfolio.

He probably bought those stocks before 2007/2008 stock market crash...A lot of us are guilty of this due to our ignorance then.

Elai147:
Some people will buy FBNH @N2.50

if it happen, i will not stop going church .

Born2berich:
I can't remember the last time I saw Oando in the gainers list.

'..dividend loading

manie:




Wetin be this, ol boy you no do well with thing kain stocks in your portfolio.

that is why i need your advice now..thank you

Excellent7:


Please do not make investment decision based on that.
You will most probably be disappointed. The momentum has been lost.
My guess is anytime from October till January 2016.
I think the market will be mostly bearish till year end.

So many people are expecting a miracle in the stock market once buhari lists his minister. Many will end up becoming broke before year end by this decision. Better pile up your money and watch from the sideline, once you witness a bull jump in immediately.

ogbs2020love:

I currently have no car.
I have almost all the stock s on the NSE worth about 5m.
A wife and a child.
I'm 30years
I have a life extra savings policy with axa Mansrud. worth 500k
2 commercial plots of land worth 2.6m .
my problem is that I am addicted the NSE.
pls should I buy the car now,or invest 450k. then wait and buy the car by next year,?
pls assist here

My guy you have done well for yourself, use 450k to buy a car. Or you can invest your 450k in TB for about 3 months pending the time your dividends will start coming so that you can get a better car.

Since you are not using borrowed money to buy shares and I am sure these are shares you want to hold for another 20 years please do not be tempted to sell your shares. I still bought more shares today.

I see another Asalu in you, my late mentor who got over N8 million dividend from just one company ie CAPL, he always prayed for stock prices to fall and was very active in the market doing bear period.

lancee:


'..dividend loading

You better pray that this useless stock moves up so that we can dump it for that useless uncle wale and oxygen boys.

Where is Myjoy08 abi he has abandoned his people?

ogbs2020love:

I currently have no car.
I have almost all the stock s on the NSE worth about 5m.
A wife and a child.
I'm 30years
I have a life extra savings policy with axa Mansrud. worth 500k
2 commercial plots of land worth 2.6m .
my problem is that I am addicted the NSE.
pls should I buy the car now,or invest 450k. then wait and buy the car by next year,?
pls assist here

I will advice you to prune down your shares first to 50, then to 40 and finally to about 30.

Born2berich:
He probably bought those stocks before 2007/2008 stock market crash...A lot of us are guilty of this due to our ignorance then.

How come , I was not guilty of this?

Born2berich:
So many people are expecting a miracle in the stock market once buhari lists his minister. Many will end up becoming broke before year end by this decision. Better pile up your money and watch from the sideline, once you witness a bull jump in immediately.

How do u time the mkt sir B2Brich , whats if it is a Bull trap , and if u refused to jump in ..what if its the real Bull and u joined the bus late

Oando experience , know pple that re still locked in @ 35naira since last yr , when someone in the forum said he will hit 100 naira

manie:



How come , I was not guilty of this?

You were don dey invest since 1962.
We are no where near your experience oooooo.

Born2berich:
You better pray that this useless stock moves up so that we can dump it for that useless uncle wale and oxygen boys.

Where is Myjoy08 abi he has abandoned his people?

he he he Men n black

Born2berich:
It is better to remain at the sidelines and keep ur cash piling up until when we witness a bull...Some bought FBNH at N8-N10 thinking it was cheap, now FBNH is N5 and might fall lower. Wait for an opportunity to jump in and stop catching a falling knife. As for those expecting an immediate miracle from access, even of access post a result that is better than all the Nigerian banks put together, it will still wait for its boss FBNH. As long as FBNH falls, access too must fall.

so share it be so i can get money to invest befor the bull's come, stock's keep on going down gtb follow.

ogadeolu:
My ogas and madams, i hail all of una, i even dobale here oh. I have learn a lot and still learning from you all.
pls i have a request and need your honest advice.
It happens that in those days when i was newly introduced to stocks, my friend then always advice me to buy insurance shares and as a newbies, i swallow every advice he give, i have lots of them. I have sold some and i still have lot of them, most of them are in parking garage right now and i want to seek your advice.

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

please which one should i sell, hold or wait a bit to appreciate in this bear season 2.

I have since learnt more and been making wiser decision since then.

Thank you for your advice in advance.

God bless yeah.

Choi! Chai! My brother you are not alone...... Many of us here started same way but have learnt our lessons over time. For now, it may be difficult to sell any cos of very low liquidity nature of those stocks.
I will advice you to do what most of us here did with such stocks. Choose the ones that will be most suitable and applicable to you;
1. Donate them to charity (Hispy, Horlads or KOD penny stock foundations)
2. Transfer them to your children or children's children investment trust portfolio.
3. Convert them to longest term investment(Here you will have to wait till the coy experience a turnaround: May take 10 - 20 years or less if a miracle happens)
Peace

lancee:




he he he Men n black

Ah yes. The men in blacks are undertakers who carry and bury the dead in the grave. Oga myjoy08 abeg no burry oando yet ooooo, make we first commot biko.

Though I don't have Oando in my portfolio but is there no regulation in the market about publication of results??what is all this "dividend loading" since God knows when

Born2berich:
Ah yes. The men in blacks are undertakers who carry and bury the dead in the grave. Oga myjoy08 abeg no burry oando yet ooooo, make we first commot biko.

my oga still having Lunch @Hydepark corner

SEPTEMBER ALERT! The questions and concerns about what will occur in September are pouring in. So what is the big deal? First there are facts and there are rumors. One huge rumor is an asteroid is headed to earth and will smash into the planet. This is based upon someone's prophetic prediction. According to friends in NASA there is nothing of this type headed here, and asteroid debris continually enters the earth's atmosphere burning up. The same will be true in September, according to these sources. Second, the fact is about every seven years, there is a major stock market "correction," and one is expected this fall. These usually fall on the Shmitta cycle - a Jewish season that occurs every seven years.
Why this year is there more concern? First, there are nations which have borrowed money they cannot pay back to banks and the IMF. Greece, Italy, Brazil, are a few. The huge drop in oil is good for the consumer, but has nearly crashed 26 small Stock Markets throughout the world. A friend of mine in oil, said to expect many smaller oil companies to close, as they cannot at this price drill for oil, and pay back the loans for rigs and equipment purchased during the high priced oil days. The FEDS have lost control of the national debt, and a lesser discussed concern is there is not enough cash in local banks to handle withdraws if many people begin demanding cash, instead of electronic transfers. If this occurs, look for limited withdraws or bank holidays.
There are many who plan to pull out of the market if a big correction is seen, but others say to stay with the strong companies for the long haul. The real concern in my opinion would be natural disasters hitting the United States. Thus long term food supplies, clean drinking water are important in these areas, especially earthquake prone. We are NOT to live in fear but look for opportunities to minister and "occupy" until Christ comes. When he return, people will be eating, drinking, marrying, planning building and doing business, thus economies will look normal. When things are "good" people stop looking for Christ's return and He surprises the world by coming "in the hour they think not."
-Perry Stone Ministries

Get good deals..

Peace!

i had nap in the office and dreamt ....... i love this dream.

[quote author=ogadeolu post=37285895]My ogas and madams, i hail all of una, i even dobale here oh. I have learn a lot and still learning from you all.
pls i have a request and need your honest advice.
It happens that in those days when i was newly introduced to stocks, my friend then always advice me to buy insurance shares and as a newbies, i swallow every advice he give, i have lots of them. I have sold some and i still have lot of them, most of them are in parking garage right now and i want to seek your advice.

Should i sell them or should i still hold on to them. i will make a list of them here for you to be able to help in making an informed decision.

Goldlink Insurance
Guinea Insurance
investment and allied insurance
Lasaco
universal insurance coy
unity Bank
Afrioil
japauoil.

please which one should i sell, hold or wait a bit to appreciate in this bear season 2. What are you doing with this things? for get them as i do . some of them are off in the market focus

Elai147:
http://www.nse.com.ng/Financial_NewsDocs/10756_FLOUR_MILLS_OF_NIG._-_Q1_JUNE_2015_FINANCIAL_STATEMENTS_AUGUST_2015.pdf
What a disaster.

Fundamentals dont cut it. However see what they did to the price in the last few minutes of the market today.

Born2berich:
I can't remember the last time I saw Oando in the gainers list.

i know that is your business, you like oando to be going up and down every day. there is GOD O . what time is born 2be rich company coming to the market? so that i can do it what you are doing to oando and fbnh?.

Is anybody looking at FO, its close 239 today, if it reaches 250, i will sell and keep the cash apart for when it will come down again.
What is my oga and madam take on this.

Is there any news of dividend or something tht is pushing the stock high, 10.50k gain today..

some are getting richer, some are dying.

ogadeolu:
Is anybody looking at FO, its close 239 today, if it reaches 250, i will sell and keep the cash apart for when it will come down again.
What is my oga and madam take on this.

Is there any news of dividend or something tht is pushing the stock high, 10.50k gain today..

some are getting richer, some are dying.

Maybe you should hold on because that stock is still going upward............I will sell when it reach 300...........

angelo82:


Maybe you should hold on because that stock is still going upward............I will sell when it reach 300...........

300 looks like a herculean task for FO, it has neva climb that high and given the fact that other stocks in same industry are either stagnant or going down.

but i will wait at the sideline anyway.

ogadeolu:


300 looks like a herculean task for FO, it has neva climb that high and given the fact that other stocks in same industry are either stagnant or going down.

but i will wait at the sideline anyway.

Lets see..........I am not in a hurry to sell...................

Forte Oil's gain is something else. It looks like that stock is on steroids o. When other major players are are flip flopping, FO looks like it has a mind of its own. The problem with many speculators is that they get too greedy. If you are a mid to long term investor, some losses or gains may not bother you much, but for all the JIJO maestros out there, this is the kind of situation that has proved the undoing of many hitherto speculators and led to heart break in the past. Know your limit. Be bold where others are fearful, but most importantly, DO NOT BE RULED BY GREED.

ogadeolu:


300 looks like a herculean task for FO, it has neva climb that high and given the fact that other stocks in same industry are either stagnant or going down.

but i will wait at the sideline anyway.

If you're ok with your profit, sell now.

People wont tell you till they are done selling and you'll hold the short end of the stick