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Buying US Stocks From Nigeria - Investment (2) - Nairaland

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Us Stocks Pick Alert / Here’s How To Invest In US Stocks From Nigeria / How To Invest In Foreign Stocks From Nigeria? (2) (3) (4)

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Re: Buying US Stocks From Nigeria by gamaliel9: 11:01am On Feb 15, 2020
ukay2:


Sorry please be given us some stocks peak and those good dividend paying stocks

How are dividend payments going to be? I it via my wallet then I use it to buy more shares or I just withdraw it.....

Thanks

On dividends,some pay monthly but mostly in cents,most pay quarterly,some twice a year, some once..go this site street dot com..they have a calender where you see which stock pays in which month and which week sef....you can even organize it so well that you can be earning weekly dividends. It will take a lot of hard work from you to work it out

3 Likes 2 Shares

Re: Buying US Stocks From Nigeria by gamaliel9: 11:06am On Feb 15, 2020
The dividend is sent to your wallet straight away...very efficient system...no signature specimen,no registrar wahala,no bank filling forms...Nigeria is in trouble..lolThen from your wallet[it is written..AVAILABLE TO TRADE] you can buy new shares...but if you want to withdraw,you exchange dollar to naira...then withdraw. You cannot withdraw dollar.

3 Likes

Re: Buying US Stocks From Nigeria by Jaydee009: 6:53pm On Apr 16, 2020
gamaliel9:
The dividend is sent to your wallet straight away...very efficient system...no signature specimen,no registrar wahala,no bank filling forms...Nigeria is in trouble..lolThen from your wallet[it is written..AVAILABLE TO TRADE] you can buy new shares...but if you want to withdraw,you exchange dollar to naira...then withdraw. You cannot withdraw dollar.

Good day to the house. Is there a way we can keep this thread going?

I have a question. When withdrawing, what is the usual exchange rate, CBN rate or Aboki rate. Thanks.

For anyone who withdrew recently, at what rate were you paid for Naira/dollar

1 Like

Re: Buying US Stocks From Nigeria by Ifiegboria(m): 3:11am On Apr 17, 2020
I'm also interested in this but a newbie
Re: Buying US Stocks From Nigeria by Enosampson: 7:03am On Apr 17, 2020
Im so happy to seeing this thread , im a newbee in stocks and everthing i reseached is what you guys are daying the chaka bamboo app
thanks guys
Re: Buying US Stocks From Nigeria by realtomi: 12:59am On Apr 21, 2020
This is a fresh thread and its obvious that we are all like minded people, even though some of us like myself are new in this investment stuff.

Please let's just come together as one and make this money together, tutoring and helping one another make best decisions when it comes to investment!!!

We could just make this thread our own and make the best out of it... Thanks.
Re: Buying US Stocks From Nigeria by dunsin125: 3:24pm On Apr 24, 2020
I just joined the ride.
Re: Buying US Stocks From Nigeria by whatmoreng: 12:23pm On Apr 27, 2020
For us beginners. Can we start with those cheap penny stocks? Please list some good ones we can go for. Thanks.
Re: Buying US Stocks From Nigeria by bedivine: 4:44pm On Apr 28, 2020
I just registered with Trove so I’m waiting to get verified before trading. Does anyone know how long it takes?
Re: Buying US Stocks From Nigeria by gamaliel9: 2:13pm On Apr 30, 2020
bedivine:
I just registered with Trove so I’m waiting to get verified before trading. Does anyone know how long it takes?

I use Chaka...it took me two weeks...the international verification came fast....the local verification came later because it is actually Nigeria s CSCS that verifies you and gives a number for trading or investing.. So Trove will wait...you will wait...till it comes through
Re: Buying US Stocks From Nigeria by gamaliel9: 2:19pm On Apr 30, 2020
whatmoreng:
For us beginners. Can we start with those cheap penny stocks? Please list some good ones we can go for. Thanks.

I think you will not find all the stocks you want in these Nigerian fintechs...because i believe the deal with their foreighn partners is to go with companies that are worth $1billion and above. Many penny stocks are under this. Again it depends on what you mean by penny stocks..$1,$3 or $10 dollar stocks..

But generally,if have the know how[trading] you can delve into them. Me, i am a dividend investor
Re: Buying US Stocks From Nigeria by gamaliel9: 2:22pm On Apr 30, 2020
These fintechs give you opportunity to have US stocks

1. Chaka
2. Bamboo
3. Trove
4. Rise

10 Likes 2 Shares

Re: Buying US Stocks From Nigeria by Ipisi(m): 11:13am On May 01, 2020
gamaliel9:


I am not yet an expert in picking stocks...sometimes i do follow follow...or if i see a stock with good fundamentals rising...i buy it...once i hit 10 to 15% gain i sell it...then wait for another. Otherwise i am a dividend investor...


You're doing very well...


I heard you say fractional shares...

Most American shares are already expensive especially Tesla,...

How did you now buy it?
Re: Buying US Stocks From Nigeria by Ipisi(m): 11:19am On May 01, 2020
gamaliel9:


I use Chaka...it took me two weeks...the international verification came fast....the local verification came later because it is actually Nigeria s CSCS that verifies you and gives a number for trading or investing.. So Trove will wait...you will wait...till it comes through

With those verification from CSCS, those it now mean that Chaka and Trove are certified okay by Nigerian securities for Nigerians to use their platform to trade without fear of loosing their money??



Please � I need answer
Re: Buying US Stocks From Nigeria by Ipisi(m): 11:22am On May 01, 2020
Adanielo:



Hi gamaliel,

You can follow me on twitter @danieladaise
Ask me more questions over there, if you have more.
I am a full time value investor and I have been investing for over 6 years now both foriegn and locally.

Okay let me try to answer.

No, there are no real demerits in participating in foreign investments.

Institutional investors have portfolios that are focused on foriegn investments. Institutional investors do this all the time. And now individual investors have the platform to do same easily.

After reading your question, I had to highlight somethings that should be explained further.

1. Local Investment opportunities vs International investment opportunities
2. The use of BVN in registration for a investment platform.
3. Interpreting frequent Dividends as a proof of a profitable company.

To address this please continue reading:
1. So which is better foreign or local Investment.
I think it depends on your strategy and the edge you have over other investors.

You should understand that market efficiency means people are interested in evaluating the value and price of assets.

This means you won't get many investment opportunities to take advantage of.

Yes Foriegn investments are more efficient but that only means they are more regulated and they have smart people constantly evaluating assets. It's not easy to make good returns in efficient markets.

So make sure you have an edge and you have researched before investing abroad.

2. There is no way you can have an investment or financial account without providing your BVN.
It is mandatory.
And don't worry if you don't trust a company then don't use their service wait till they can be trusted first.

3. Please don't make the mistake of thinking that because a company pays dividend frequently, so that means you should invest in them.
Companies can pay interim dividends but this is not a constant thing. Dividends are not constant. It depends on the financial bouyancy of the company for that year.

Try and get the valuation of the business and make sure the fundamentals of the company are solid enough before investing.


If somethings are not still clear here please reach out on Twitter ask me afore t question and I will. Answer.

Hope this helps...�



Thank you so much.... Please I have questions



1) Most foreign especially US Stocks are already expensive...

So how do I buy them and also make profit from trading them since I don't have my much money to invest?


2) With those verification from CSCS, those it now mean that Chaka and Trove are certified okay by Nigerian securities for Nigerians to use their platform to trade without fear of loosing their money??



Please � I need answers.....


Thank you
Re: Buying US Stocks From Nigeria by drskyfly007(m): 11:26am On May 01, 2020
gamaliel9:
These fintechs give you opportunity to have US stocks

1. Chaka
2. Bamboo
3. Trove
4. Rise

Yap I trade with bamboo and am having a good experience..
Re: Buying US Stocks From Nigeria by SpeakOut007: 1:56am On May 11, 2020
For this season, in the US, I think The Big Pharmas, Big Farmers(esp. meat and vegetables) and Medtechs companies( especially one that the FDA in America is interested in) are likely good investments.
Just an opinion.

2 Likes 2 Shares

Re: Buying US Stocks From Nigeria by SurratiNigeria: 6:14am On May 14, 2020
I'm basically a new investor in chaka. However I did my due diligence. Before the covid-19 march 2020 crash my mind was primed for opportunities. Things you need to know...

1)Information is power.
Follow forbes, bloomberg, marketwatch to have a competitive edge.

2)Be Disciplined
Know your strategy before hand and stick to it. If you're a dividend investor/long term investor, cool. If you're not, also cool.

3) Keep your emotions at home. �

4)Enjoy seeing you profits grow� or in any case nose dive! ��

5)When that first dividend hits you like kpakam�, go to Jagabuy.com and treat yourself to an expensive oil perfume. Why? Because you deserve it! �

9 Likes

Re: Buying US Stocks From Nigeria by Logba: 3:48am On May 15, 2020
Do we have good sites where one can get information on good stock picks in the us
Re: Buying US Stocks From Nigeria by Valnos: 7:05am On May 15, 2020
Logba:
Do we have good sites where one can get information on good stock picks in the us

https://www.fool.com
https://www.zacks.com
https://investorplace.com
Browse around this websites,I expect that you study their picks.

7 Likes 4 Shares

Re: Buying US Stocks From Nigeria by WisemasterBizWd: 8:41am On May 15, 2020
Hello frds! I just invested in some us stock with little token in Chaka app. I wish to invest more but I want to knw the reliability and sustainability of this app and company. How save is one investment.
Re: Buying US Stocks From Nigeria by dunsin125: 11:31pm On May 15, 2020
WisemasterBizWd:
Hello frds! I just invested in some us stock with little token in Chaka app. I wish to invest more but I want to knw the reliability and sustainability of this app and company. How save is one investment.
I use it and I think one's investment is safe as they are registered with with Citi investment capital which is registered with the NSE.

2 Likes 1 Share

Re: Buying US Stocks From Nigeria by Ben320719: 12:05am On May 19, 2020
As of this week, feed on the following information, research the below listed stocks.
1. mRNA
2. BUD
3. SMG
4. AMRS
5. DAL

If you are convinced about what you researched about them, then you can buy, and as soon as you notice little spike 2%-5% increase, sell and walk away with your dividends.
BUY LOW, SELL HIGH.

Join me and some other like minds to get instant information about stock exchange and hot stocks to jump on.

Click the link

https:///CB3K7n2xERVLStcuFhw5OP

https:///CB3K7n2xERVLStcuFhw5OP

3 Likes

Re: Buying US Stocks From Nigeria by Fadajasi(m): 6:15pm On May 23, 2020
Interesting thread.
Re: Buying US Stocks From Nigeria by MENTE(m): 7:55pm On May 23, 2020
Been trying to register on webull. But this Chaka I'm hearing sounds cool

1 Like

Re: Buying US Stocks From Nigeria by Playmaker99: 7:41am On Jun 03, 2020
gamaliel9:
BVN is in all transactions these days...you cannot run away from it in any transaction involving your bank


No one can withdraw money from your account with your bvn only
That's where you are wrong come on its tech age for christ sake a lot is going on

2 Likes

Re: Buying US Stocks From Nigeria by hustleranthem(m): 12:50pm On Jun 03, 2020
How much is the minimum capital to start trading on chaka

2 Likes

Re: Buying US Stocks From Nigeria by Adeapex(m): 1:04pm On Jun 03, 2020
gamaliel9:
These fintechs give you opportunity to have US stocks

1. Chaka
2. Bamboo
3. Trove
4. Rise



Please what is the minimum amount to start with ?
Re: Buying US Stocks From Nigeria by Valnos: 4:36pm On Jun 03, 2020
Adeapex:



Please what is the minimum amount to start with ?

$10
Re: Buying US Stocks From Nigeria by eimuhb(f): 9:29am On Jun 06, 2020
Ben320719:
As of this week, feed on the following information, research the below listed stocks.
1. mRNA
2. BUD
3. SMG
4. AMRS
5. DAL

If you are convinced about what you researched about them, then you can buy, and as soon as you notice little spike 2%-5% increase, sell and walk away with your dividends.
BUY LOW, SELL HIGH.

Join me and some other like minds to get instant information about stock exchange and hot stocks to jump on.

Click the link

https:///CB3K7n2xERVLStcuFhw5OP

https:///CB3K7n2xERVLStcuFhw5OP

The link is not opening
Re: Buying US Stocks From Nigeria by bibianchris: 8:03am On Jul 17, 2020
M a novice. I want to learn more

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