UNLEASHED:


I can't sense a real advice from a sarcasm, like I said before I'm an absolute novice dealing with stocks and a dormant trader at that, well thank you if it's a genuine advice but if it's not, you shouldn't have replied at all

What if he meant well? Is it not better you assume the best or at least go learn how to decipher real advice instead of casting aspersion on another? To give advice these days sef dey fear person. lolz

passwelle:

Where is Pa Ewumi when you need him? Bros, sorry ooo as regards the bolded... Can you wait for 7 more years?

ROTFLMAO!

kotlass:


What if he meant well? Is it not better you assume the best or at least go learn how to decipher real advice instead of casting aspersion on another? To give advice these days sef dey fear person. lolz

Casting aspersion? Are you being serious mate?

passwelle:
I really do not understand this "paper loss" thing. The Ogbeni bought FBNH at N33 about 7 years ago. It is below N12 now. When will it be a loss? If he asked when it was N28, or last November when FBNH was N17, or last Sept when it was N15, I am sure you would have said the same thing. I do not see the capitalisation of FBNH at N1 trillion anytime soon, so chances he will get back his N33 per share will not be anytime soon (assuming the bonus and dividends will be counted as profit over the 7 year period). Honestly, I am not being sarcastic, I just want to understand this school of thought that believes you have not lost till you sell. It negates the idea of stop losses, and allows a small loss to grow into a huge one.

Bro, it's a huge loss already but could there be a better time to sell? Are there better alternatives? The stock market is a cycle. Why sell in a trough considering that he is a looooooong termer? This is not a general rule though but I'm of the opinion that the school of thought I subscribe to in his case holds a better solution.

Dexterax:

passwelle:

FranklinRich:

Tjohn1:

Born2berich:

carpenter:

dsonofmaan:

currentprice:

UNLEASHED:

Elai147:

passwelle:
I really do not understand this "paper loss" thing. The Ogbeni bought FBNH at N33 about 7 years ago. It is below N12 now. When will it be a loss? If he asked when it was N28, or last November when FBNH was N17, or last Sept when it was N15, I am sure you would have said the same thing. I do not see the capitalisation of FBNH at N1 trillion anytime soon, so chances he will get back his N33 per share will not be anytime soon (assuming the bonus and dividends will be counted as profit over the 7 year period). Honestly, I am not being sarcastic, I just want to understand this school of thought that believes you have not lost till you sell. It negates the idea of stop losses, and allows a small loss to grow into a huge one.

Bros I bought gtb at 33 sometimes in 2008, it came all the down to 13 or thereabout but I did not sell until it came up to around 30 this year. With all the bonus and dividend, I still got out at handsome profit. If I sold at 13, then I would have made losses

UNLEASHED:


Casting aspersion? Are you being serious mate?

Sorry bro. My bad. "Distrusting" fits better.

Agbalowomeri:
Bros I bought gtb at 33 sometimes in 2008, it came all the down to 13 or thereabout but I did not sell until it came up to around 30 this year. With all the bonus and dividend, I still got out at handsome profit. If I sold at 13, then I would have made losses

Good example Sir. With a 10% stop loss, you would have sold at N30. If you are then able to get back in at 14, 15 or even 20, when the retracement started your handsome profit, would have been much more handsome with all the bonus and dividend to wit. I am not asking anyone to sell, hold or buy. I just want to learn more about this paper loss mentality.

Those wey dey ban me because I dey express my love to Mercy in this hard times, una well done o

#PW

Agbalowomeri:
Those wey dey ban me because I dey express my love to Mercy in this hard times, una well done o
#PW

Chai, dis PW guy eye don see ooo! Abeg Mr Mod come and answer your fathers name ooo!

#MrKnowitall
#davide470

passwelle:
Good example Sir. With a 10% stop loss, you would have sold at N30. If you are then able to get back in at 14, 15 or even 20, when the retracement started your handsome profit, would have been much more handsome with all the bonus and dividend to wit. I am not asking anyone to sell, hold or buy. I just want to learn more about this paper loss mentality.

So bros in 2007/8 who could have confidently say gtb would be back at 14? The point is your strategy holds for a trader. I trade sometimes but that is not a comfortable zone for me. For example I did some kalokalo in oando and transcorp. After harvesting my loot, I looked for a stock where could I empty my loot and sleep well at night even if the price crash. Of course, part of my consideration was a stock that would be difficult to crash. So I chose one stock and empty my portfolio into it gradually. Even as the price is going down I am not shaken because I know huge dividend awaits.

passwelle:
Good example Sir. With a 10% stop loss, you would have sold at N30. If you are then able to get back in at 14, 15 or even 20, when the retracement started your handsome profit, would have been much more handsome with all the bonus and dividend to wit. I am not asking anyone to sell, hold or buy. I just want to learn more about this paper loss mentality.

Concerning this mentality/ideology, if you consider that there are short term investors (your own case is chronic though ) and long term investors it will help better. Some long term investors probably look at quotes seasonally. Chronic ones come back after 7yrs (na joke o ). I remember the dude who bought NB many years back at about N3x. He just bumped into the forum and asked about the price of the stock. I just hope to God that he didn't lose his mind when the value of his holding was calculated. He has not visited since then. Anyone remember this guy?

Stock market is like other businesses,you need to know what to buy,the most favourable price to buy it and the quality of what you want to buy.if you've bought stocks and you're on a loss.bail out during the market noise and ensure your loss is minimized.stock investment once created can not be destroyed unless the company goes under.

@oga mi PW: Biko what's "market noise"? Kindly paste any web link that has that phrase.

#I like to learn from co-elders
#grabs dictionary

@currentprice: are you for real? You mean you did that? Like seriously

passwelle:
Good example Sir. With a 10% stop loss, you would have sold at N30. If you are then able to get back in at 14, 15 or even 20, when the retracement started your handsome profit, would have been much more handsome with all the bonus and dividend to wit. I am not asking anyone to sell, hold or buy. I just want to learn more about this paper loss mentality.

Remember it was an IPO where you can't even sell without dematerialising your share certificate let alone using stop loss.

Agbalowomeri:

So bros in 2007/8 who could have confidently say gtb would be back at 14? The point is your strategy holds for a trader. I trade sometimes but that is not a comfortable zone for me. For example I did some kalokalo in oando and transcorp. After harvesting my loot, I looked for a stock where could I empty my loot and sleep well at night even if the price crash. Of course, part of my consideration was a stock that would be difficult to crash. So I chose one stock and empty my portfolio into it gradually. Even as the price is going down I am not shaken because I know huge dividend awaits.

Sir, any stock can return to car park oo. We should ALWAYS remember that past performance is No guarantee of future results. I see your point though. Diff strokes for diff folks. Respect.

kotlass:
Concerning this mentality/ideology, if you consider that there are short term investors (your own case is chronic though ) and long term investors it will help better. Some long term investors probably look at quotes seasonally. Chronic ones come back after 7yrs (na joke o ). I remember the dude who bought NB many years back at about N3x. He just bumped into the forum and asked about the price of the stock. I just hope to God that he didn't lose his mind when the value of his holding was calculated. He has not visited since then. Anyone remember this guy?

Bros, we are making money this year. Faster rate things abeg. Watch out!

UNLEASHED:

I can't sense a real advice from a sarcasm, like I said before I'm an absolute novice dealing with stocks and a dormant trader at that, well thank you if it's a genuine advice but if it's not, you shouldn't have replied at all

It was not sarcasm. @Carpenter actually meant well and gave you a good advice.

passwelle:

Chai, dis PW guy eye don see ooo! Abeg Mr Mod come and answer your fathers name ooo!

#MrKnowitall
#davide470

No be that one dey do us now o. Minus everywhere is not inducing smiles at all!!!

Moneysage:
@oga mi PW: Biko what's "market noise"? Kindly paste any web link that has that phrase.
#I like to learn from co-elders
#grabs dictionary
@currentprice: are you for real? You mean you did that? Like seriously

The sage, na im be wetin dey happen to Cutix at the minute (just kidding o, see link)
http://www.investopedia.com/terms/n/noise.asp

kotlass:

Concerning this mentality/ideology, if you consider that there are short term investors (your own case is chronic though ) and long term investors it will help better. Some long term investors probably look at quotes seasonally. Chronic ones come back after 7yrs (na joke o ). I remember the dude who bought NB many years back at about N3x. He just bumped into the forum and asked about the price of the stock. I just hope to God that he didn't lose his mind when the value of his holding was calculated. He has not visited since then. Anyone remember this guy?

I know I bought NB @ 33. and I've no commented on this forum in a while!

passwelle:

Bros, we are making money this year. Faster rate things abeg. Watch out!

I know I bought NB @ 33. and I've no commented on this forum in a while!

Dividend and long term investors are currently being pushed into a "spiral of silence" by day traders - a classic case of "tyranny of the majority" .

When the bears are biting hard,day traders remind you of how good it is to be good at JIJO. When the bulls go on rampage,long term investors remind you of how they resisted the urge to sell at a loss when everyone was dumping.

Reading from the bosses on NSEMPA who have actively been in this business longer than myself,I think its important that any investor should have a healthy mix of all three :

- A long term portfolio of consistent dividend paying stock (s). This is your cash cow that keeps you going,even in a market downturn.
- A short term portfolio of stock (s) that can give a good return within a short period of time. Any profit made from here (JIJO things) would be used to fortify your long term portfolio.
- A healthy reserve of cash invested in TBs or other high yield fixed instruments.These positions can be liquidated and used for equity purchases during a market downturn as is the case presently. If the market rebounds, some equities could be sold off to enhance your liquidity position ,while the residual equities could be moved to your long term portfolio.

In this way one can hedge against risks and maintain a healthy,profitable portfolio.

Thank you everyone. I now know why people hold on to positions with capital losses. Loss aversion things (Daniel Kahneman) .

passwelle:

Bros, we are making money this year. Faster rate things abeg. Watch out!

ogbs2020love:
I know I bought NB @ 33. and I've no commented on this forum in a while!I know I bought NB @ 33. and I've no commented on this forum in a while!

oh oh, lolz and you just happened to comment after I referenced it? You must hold a permanent seat on the board of "guest mode" viewers (pls just laugh it off). But this your sabbatical get as he be o....you just disappear like that. Hope you are back for good. I remember you wella.

Actually, I didn't have you in mind bro. This guy didn't frequent NSEMPA. He will probably come back in his search for another fortune.

Charlesnerd:

- A long term portfolio of consistent dividend paying stock (s). This is your cash cow that keeps you going,even in a market downturn.
- A short term portfolio of stock (s) that can give a good return within a short period of time. Any profit made from here (JIJO things) would be used to fortify your long term portfolio.
- A healthy reserve of cash invested in TBs or other high yield fixed instruments.These positions can be liquidated and used for equity purchases during a market downturn as is the case presently. If the market rebounds, some equities could be sold off to enhance your liquidity position ,while the residual equities could be moved to your long term portfolio.

In this way one can hedge against risks and maintain a healthy,profitable portfolio.

Gbam! Adding real estate will blend everything and make it a complete investment portfolio.

Agbalowomeri:


Bros I bought gtb at 33 sometimes in 2008, it came all the down to 13 or thereabout but I did not sell until it came up to around 30 this year. With all the bonus and dividend, I still got out at handsome profit. If I sold at 13, then I would have made losses

they want you to sell to they now and buy higher later from them

soloniger:
they want you to sell to they now and buy higher later from them

Here we go again, our fellow Nigerians with their conspiracy theories Two weeks ago it was that some folks here "were spreading panic alarm across investors with the aim of crashing the system in order for them to start buying at 50k"

plz i need help here. am with morgan capital acct openi form nw. on it i see acct no, acct name, bla bla. wat do dey need it for? also i already av a chn, hop i cn still use it n fill it in d form? lastly, i have not colect d new voters card, cn i use d old one cos i no get any oda prove to use.

jp130:
plz i need help here. am with morgan capital acct openi form nw. on it i see acct no, acct name, bla bla. wat do dey need it for? also i already av a chn, hop i cn still use it n fill it in d form? lastly, i have not colect d new voters card, cn i use d old one cos i no get any oda prove to use.

They need to have a bank account on file for you, so they can remit your funds to you via bank transfers instead of cheques. If you are moving that account with the existing CHN from your current brokers, yes you can use it. Otherwise, I think you will get a new CHN. National id card, international passport, drivers license etc can also be used.

dailyindependentnig.com/2014/11/top-ten-brokers-trade-n1-5tr-shares/