What are the Stocks you will never put your money in and why?

I think you should start by telling us yours

Nigerian banks and Nigerian insurance companies. Their finances are too complicated and this makes it easy for them to cover up losses and fraud for many years while appearing profitable to investors. Also, they are too dependent on the Nigerian government; this makes their fortunes dependent on the government's unpredictable policies.

more pls.

Am very sure this thread won't last long but if na tonto decay you go see traffic. ...



@Op I guess na nitel stock ooo


why....I can't categorically tell you one now

phcn
y - because dey r not delivering

The Sanusilised financial sector

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The stock deals are not for every comer.
You just have to go with a given stock that is suitable to your financial plan.
Insurance and lots of other low cap stocks are suitable for long term investor.

Just like politics, so is stock investing. There is no permanent friend only permanent interest. If the fortune of a stock changes for good, I will go for it. If the fortune changes for bad, I will abandon it. Thats all.

With what is going on in Nigeria stock exchange right now, i will not go 4 insurance, foods(tantaliser etc) and probably some banks.
Due to gov policy i will go for Agric stock 4 short term anyway.

Seun, i agree with you. Esp, that insurance companies.

I am not putting a kobo on any stock now, i lost up to N11 Million in 2008/2009. I took a margin facility with my own equity intact. When the market crashed, the entire stock has not enough value to payback (including my equity-life savings). My brother, let stock rest for now. It is funny because i m still working, if it happened when i m retired, na die be that o.

Any stock offered by the Nigerian stock exchange.

I will not touch an Insurance stock.

Stock fish!

forever i can neva buy naija stock.i prefer real estate law of diminishin return neva set in.

fittty: Stock fish!

I have been expecting someone to say dis for ages

Pls I need some help. I hv this stocks that I want to sell but I don't not any how to go about it. Can somebody direct me?

[size=28pt]Nairaland!!!![/size]

I will never purchase shares of companies that are not financially stable or has any tendency of future acquisition by another company in the same sector. I lost my 100,000 units of Bank PHB shares due to AMCON acquisition. My 122,000 units of Oceanic Bank shares has now turned to 6,100 units of ETI due to the recent acquisition of oceanic bank by Ecobank Transnational Incorporated.

I will also not buy more shares from insurance sector for now. The Nigerian economy is expanding but this sector is underachieving due lack of exposure of individuals to the sector. Most individuals and businesses are not obtaining insurance coverage compared to the way insurance companies are being patronised in the western world hence, the reason for their underachievement. My opinion..

Elai147: I will never purchase shares of companies that are not financially stable or has any tendency of future acquisition by another company in the same sector. I lost my 100,000 units of Bank PHB shares due to AMCON acquisition. My 122,000 units of Oceanic Bank shares has now turned to 6,100 units of ETI due to the recent acquisition of oceanic bank by Ecobank Transnational Incorporated.

I will also not buy more shares from insurance sector for now. The Nigerian economy is expanding but this sector is underachieving due lack of exposure of individuals to the sector. Most individuals and businesses are not obtaining insurance coverage compared to the way insurance companies are being patronised in the western world hence, the reason for their underachievement. My opinion..

The insurance sector needs to win the trust of Nigerians.

other than premium portfolios like MNET and whenever the Telecoms decided to cash in on the stock market, I won't put a dime in any of the current SEC quoted coys other than Cadbury. Banks you should avoid at all cost as the industry is populated by criminals. Avoid oil coys because of the instability and lack of transparency in the sector.

ihedioramma: What are the Stocks you will never put your money in and why?

scamemer why would you redirect us to a forex trading scam site. I have never met any single person who made it on FX.

Seun: Nigerian banks and Nigerian insurance companies. Their finances are too complicated and this makes it easy for them to cover up losses and fraud for many years while appearing profitable to investors. Also, they are too dependent on the Nigerian government; this makes their fortunes dependent on the government's unpredictable policies.

Bros, I think if the banks can cover up their losses and appear profitable to investors, other companies can do the same. Nigeria is a country where anything can happen and so one should expect that some of these companies may falsify their records with great care in order to avoid being caught but at least they should live up to the expectations of the investors. I do not expect 100% transparency in the Nigeria Stock Exchange market. Even the western world do not have 100% transparency. So this should not stop us from investing in the stock exchange market.

manie:

The insurance sector needs to win the trust of Nigerians.

Seconded!

Idango: I am not putting a kobo on any stock now, i lost up to N11 Million in 2008/2009. I took a margin facility with my own equity intact. When the market crashed, the entire stock has not enough value to payback (including my equity-life savings). My brother, let stock rest for now. It is funny because i m still working, if it happened when i m retired, na die be that o.

sorry fr ur lost sire! Wish u can elaborate further so we fit learn frm ur experience an explanation on the meaning of some these financial terms would b apreciated sire!

No one now becos of the educated Pen robber in suit

good-nice:
Pls I need some help. I hv this stocks that I want to sell but I don't not any how to go about it. Can somebody direct me?

You'll need a stockbroker,find one(a very good one) and you'll be home and dry.

Their new scam now is to avoid paying out dividends and due to an obscure law unclaimed dividends after a specific period are reinvested into a SEC fund. The SEC regulators, company mangers are all scammers. They will offer useless share offers to have you never claim physical cash.

Avoid them like the plague. Put your money into small scale farming like poultry, fisheries. You will be amazed at the returns you get for your effort and small cash investments. With 500,000 you can start a small scale poultry within your neighbhood and in 3 mths make a minimum profit return of 80%. No stock will giiven you such return.

Elai147: I will never purchase shares of companies that are not financially stable or has any tendency of future acquisition by another company in the same sector. I lost my 100,000 units of Bank PHB shares due to AMCON acquisition. My 122,000 units of Oceanic Bank shares has now turned to 6,100 units of ETI due to the recent acquisition of oceanic bank by Ecobank Transnational Incorporated.

I will also not buy more shares from insurance sector for now. The Nigerian economy is expanding but this sector is underachieving due lack of exposure of individuals to the sector. Most individuals and businesses are not obtaining insurance coverage compared to the way insurance companies are being patronised in the western world hence, the reason for their underachievement. My opinion..

Good perspective....

Nigerian stocks in general. I would never invest in them. No transparency, no accountability, no rule of law. It's pure gambling.