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dadojo:


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I officially became an investor in 2009 after I bought my first stock as an undergraduate. I had sought out different avenues of investment in Nigeria, and trading stock seemed to be the only convenient option I could explore as at then. I learnt alot from my stock trading experience, among which was that your broker should always be your friend! The only relationship I had with my broker then was buying the stock when I had some 'miscellaneous' money and selling some share when I was broke. This is not the habit of successful stock traders.

tbatbaby:
dvd received!thanks.

Successful brokers have good working relationships with their clients. But until you decide to work closely with your broker, you might make some unwise decisions when choosing your stocks to buy.
Ordinarily, the stock market is a pretty good avenue of raising funds within a short time, but so many people carry this misconception about the stock market being a life long investment. When they buy shares, they buy with the ideology that it's an investment which their children will reap the dividends. It aint necessarily so sir! You can start making huge returns on your investment only if you have a good working relationship with your broker.

Do you know that the maximum daily appreciation allowed for any stock price is 5%? This means in a day, you could make 5% of your investment for FREE! And sincerely, some stocks perform very well daily, that they rise as high as 5%. These brokers know stocks that are likely to be on the increase, they know which stock will be affected by a certain news, they know also how the stock price will react to the news.

The first stock I bought was international energy insurance, which was a good buy then judging by the fact that the share price had just crashed due to the recession. The next stock I decided to buy was a disaster: OMATEK. Barely 3 months after buying their shares, they got delisted from the stock exchange. My broker knew this was going to happen but he never adviced me against buying this stock.

When I was buying my stocks, I was doing so with the mindset of making a lifetime investment. I thought to my self "If I buy these shares now, by the time I am 50years of age, they must have appreciated to become millions in value" How wrong I was! As a matter of fact, they never saw past through the first 2years. When I was broke, I sold about 15,000 units of the 20,000 units of shares I bought. What I thought would be a life-long investment actually turned out to become worse than a savings.

For those who may have the required minimum capital investment for certain brokers, I would recommend that you explore this avenue of investment by working closely with your broker in choosing stocks to buy. If you have a dedicated broker, you could be doubling your investment in 2months, because its possible and also carries minimal risk. You know, each time a stock price rises or falls, someone somewhere is making money! I actually got to personally know a good stock analyst 4years after my first buy. Though it was late, it was worth the wait and pain.

As a student, you could invest in stocks with as little as ₦10,000. When I bought my first stock as an undergraduate, my monthly allowance was roughly ₦12,000. Out of this, I would strive to save up the much I could. Even though you get so little as your monthly allowance, it is still possible to save up something. You may not be able to buy a stock, but you can have a dedicated savings account for any investment opportunity that may come up in the future.

Imagine if you bought a nice car and the engine produces a lot of power and all you do is drive it, but you never change the oil... What would happen?

I know it sounds strange, for me to say this, but there are a lot of people, that actually do not invest in their businesses!

I see it all the time, and it never ceases to surprise me:
There are people who own stores that they never even put a coat of paint on, from the day they opened for the first time. There are people with factories, that never bought new machines or carry out regular maintenance on those they have, until they break down.
They are very many businesses that simply do not invest sufficient resources into developing new products, or expanding their capacity.
Now that I have mentioned it, just look around at businesses that you know in your community and ask yourself the question:

"Do they have a policy of ‘continuous’ investment, in their business?”

No matter what business you are in and no matter how small or mundane the activities, there must be "continuous" investment in it.

A successful business is one in which the owners are constantly ploughing the "majority of the money" back into the business. They must be constantly investing to create new services and products. They must be constantly pushing to improve what they have.

tyj:
tolbabby19@yahoo.com

temmytopsy1:
Well done bro, pls send it to me too. Temmy4topsy@gmail.com

gdexsmiths:
sorry, pls i need the bonus tooo....am intrested this is my email add gdexsmiths@gmail.com

Some people find it difficult to accept the fact that 'a 25yr old guy' is behind this thread. There is no hype to anything I have said here, otherwise I wouldn't have the nerves to have my picture gracing my profile. I have so many old school mates (judging by the fact that I attended 1 primary school and 3 secondary schools) who can easily recognise and call me to order if I give a false mis-representation of myself. I was in church yesterday and the pastor kept mentioning that: "If you are 30years and you still depend on friends and family for daily survival, you are lazy!" Well, my philosophy is that at age 40, I should be flying on a private jet. Even handicapped folks are millionaires at 40, (eg Cobhams) how much more you, able bodied man. You decide if your life begins at 40 or the day you were born!