emmanuelewumi:



Popsy did well for you, hope you will or have opened investment accounts for your children.


If well managed the fund would have grown by the time the children are through with NYSC

Streetinvestor2:
You still bought today.i like this

Streetinvestor2:
The greatest lesson I learnt from this thread was the bear market is the best thing for a true investor. I use to see it before as something that should never happen.

Ades1:



Yes boss! One time purchase that pays me dividends for the rest of my life and beyond.

This is the part that’s attractive to me.

Kereokwu:
Sir, what if it never comes back at that price. I was tempted to sell Fidelity at N4 hoping it come back at less than N3, thank God I didn't.

Thanks to all resourceful information people drop here for FREE, God bless us all. I be novice for stock na the info here and there I dey follow and it has really paid off. Thanks a million folds

Kereokwu:
Sir, what if it never comes back at that price. I was tempted to sell Fidelity at N4 hoping it come back at less than N3, thank God I didn't.

Thanks to all resourceful information people drop here for FREE, God bless us all. I be novice for stock na the info here and there I dey follow and it has really paid off. Thanks a million folds

iamrichiefola:
Good evening investors,

I'm thinking of investing in MTN Shares and possibly other promising shares.

I'm new to stocks and would appreciate suggestions on:

1. Reliable stock broker to register with.
2. Books that could help me learn about the market.
3. General advice to help me as I go along.

Thanks

aremso:



Identify a strategy that works for you all I know is even if it doesn't come down to your entry price it will surely come down. Banking sector follow the same cycle over yrs. After dividends they all will come low but Fidelity may not come to your entry point but never say never anything can happen on NSE no be today!

emmasoft:


Investment one stockbrokers recommended

Get in touch for every other thing as per stocks.
We can go step by step together on how to navigate the market as an investor.

Use the number on my signature to get in touch.

Agbalowomeri:


Aremso is back
Hope you brought good tidings

aremso:



Identify a strategy that works for you all I know is even if it doesn't come down to your entry price it will surely come down. Banking sector follow the same cycle over yrs. After dividends they all will come low but Fidelity may not come to your entry point but never say never anything can happen on NSE no be today!

BigBashiru:


I am almost coming to the conclusion that on the banking stocks, you cannot get dividend and capital appreciation at the same time IF you are a trader... Because the banking stocks tend to fall after dividends and takes months to come back to the original price.

I think the best way to play both dividend and capital appreciation is to buy the stock low and hold medium to long term - what do you think??

Dum20:


Bro you are no longer with FSDH?

Mfunkynation:

I hope that you ain't a SPECTATOR in being UNIVERSAL LY INSURED!
But Uncle, what about the HELIKOFTA business... Any information?

BigBashiru:


I am almost coming to the conclusion that on the banking stocks, you cannot get dividend and capital appreciation at the same time IF you are a trader... Because the banking stocks tend to fall after dividends and takes months to come back to the original price.

I think the best way to play both dividend and capital appreciation is to buy the stock low and hold medium to long term - what do you think??

emmasoft:


Yes between August and December last year, I was there but the terms of bringing me on board didn't work out so I have to move on.

Currently, I do this:

I sell fixed income for SFS capital,
MMF for Stanbic and EDC, and
Stockbroking for Investment one.

Please note I'm not saying FSDH is a bad firm.

Thank you.

aremso:


Anyway, it depends on you as an individual. Just look at whatever works fine for u and stick to it, to me the best sector to grow your investments funds is banking sector so it depends on you. If i get zenith at 17 to 20 and i will get 2.80 net dividends and the stock get to 26 for me i will not wait for the dividends i will sell and go back to patience mode till it comes down again till i grow my investment funds to my targeted level before i finally settle for the dividends. Just check the price history of all of them.

jideflash:
Not a spectator. Currently have 8figures of units, gunning for 1% of the total equity, before the mopper cleared all the 20kobo...

aj8:


I totally agree. I look for an entry close to the previous 52 week low and target a price = 10x probable dividend as long as the quarterly results show continued growth. Alternatively, just settle for dividends YOY again as long as the stock shows continued growth in their quarterly results. Any signs of weakness would of course call for a reassessment of one’s holding.

ositadima1:


Doubt: Why use a 52-week period instead of 62 or 32 weeks? Besides assuming a cyclical pattern, what other reasons are there?

Experiment: I created a chart that plots the rolling 32, 52, and 62-week lows for GTCO, using a rolling chart (because the 52-week low would change depending on the selected day).

Conclusion: In a declining market, the number of lookback weeks does not make a significant difference.

After Thought: Using a weekly low as the basis for entry is dubious.

emmanuelewumi:




So what do you use as the basis of your entry?

emmanuelewumi:




So what do you use as the basis of your entry?

RabbiDoracle:


.......

As regards naira - dollar events we see, and in my opinion, we are entering the phase of full digital naira (e-naira). In this phase, there could be too few notes available for circulation.

If there are less naira notes, those with dollar (hoarders, illicit businesses) would want to exchange their paper dollar with new naira notes and they will see that notes are no longer available. Naira notes will now be very scarce. So you either go to to the bank to open a naira account (if they don't have one) or you get stuck with the paper dollars. When hoarders (not genuine businesses holding forex in their books) are tired and need e-naira to use for day to day transactions, they will approach traditional BDCs or banks to change their paper dollars. These institutions will only issue them digital naira. Nothing more!

What will cause exchange rate to collapse faster?

From above, as more hoarders see that they can't transact business using local naira notes, they will be force en masse to go into BDCs or banks to change their useless paper to e-naira. This will cause a severe crash of the $-NGN rates. This will bring convergence of official and parallel market rates.

.....

Except your friend/family intends to travel abroad where they still use paper dollar, in most cases everyone will reject the paper dollars. Many countries have started their digital currencies transactions. Starting from 2023 lots of other countries will come onboard to use e-currencies.

That way speculative attacks on any nation's currencies will be eliminated or reduced.

........

Till tomorrow you still need naira (and not dollars) to buy tomatoes in nigerian market.

RabbiDoracle:


See the part in bold.

In November 2022, we warned about scarcity of naira which will be the effect of the new naira notes implementation come January 2023 and that effect is currently playing out all over the country today.

People are busy trying to find new notes to use and pay for some basic necessities/essentials and this is taking their minds away from speculative purchases of dollar while gradually accepting the use of electronic means of transfers.

While this is going on, any financial crash abroad that would ordinarily have caused people to flood into speculative dollar purchases in the past will not happen in Nigeria now because the people are busy finding money for their basic necessities. We will see how this plays out.

The next phase, in my opinion, will hurt those who are hoarding dollars. And that has already been outlined in the post above.

ojeysky:
Has anyone used meristem trading platform successfully today? No stock info when I checked