OvaSabi1:


I'm down 2.94% today. It's not too high because 1/3 of my portfolio is a bond. It's a bloodbath and the currency thing makes it worse I'm in sifia pains.

lafuria1:
What happened yesterday and today might be a first time experience for some of you guys. Days like this happens. I remember how I had fever back in march, I provoke sell all my stocks. For three weeks I didn't want to hear anything like stock market, lol.

I came back, got better, found this thread, learnt new things. Always remember that stocks that have over 500% or 2000% return from their initial price offer didn't have it all smooth over the years.

Like we advice, do what you are comfortable it

OakPearl:


If you know what you bought, this won't matter in 3-5 years.

DeLaRue:



Actually, you can't be sure of that.

It's possible that many of these companies whose share prices have been flying in recent months may never reach those prices again, ever. Equally, the share may recover and reach new highs in the future. My point is, we simple don't know.

If you were around during the 'dot com' era in the early 90s I think, share prices rose like hell. Any company connected with the internet saw their shares prices skyrocket for months on end. No one saw a crash coming.

Then...prices crashed. Many in Europe, America & Asia who just days earlier were counting their share price gains in thousands of pounds & euros saw it all evaporate in the twinkle of an eye. Many became bankrupt. Some committed suicide.

Many of the companies 'experts' said would rule the world in the early 90s (just like Apple, Tesla are today) have collapsed and disappeared. Same thing will happen to many of today's 'hot' companies.

Technology is very dynamic, new companies and ideas are being incubated in labs, research centres, in people's rooms & garages as we speak. There's a good chance neither Apple, Tesla or Facebook will be the leading companies in 10 years. Don't say it can't happen. We have seen this sort of thing before.

Even here in Nigeria, I believe First Bank shares sold for about N50 a few years ago, but today it's often closer to N5.

Getting involved in shares like Fastly, Tesla etc without experience (and even with experience) can cause severe financial harm.

Many of the people rushing enthusiastically to trade foreign shares probably don't have the necessary experience to anticipate & manage the risk.

All they see is your enthusiastic share recommendations and perception of success. Some are going to borrow money, sell property etc to join in the rush for gains without understanding the risks. And you and I know, even for the experienced, managing share trading risks can be difficult. The truth is a lot of people will make some money, but many more are likely to lose money.

I can see you're trying to do good, but if I were you, I would want to avoid the moral burden of unknowingly leading many inexperienced people into this (very) risky business. I would start by not recommending specific stocks. In the choppy waters stocks are entering into now, too many will lose money, serious money.

DeLaRue:
Sorry, that was probably too long.

Been observing this thread for months.

I just thought I needed to sound a warning.

tot:


Not at all too long. The caution is needed to keep things balanced.

DeLaRue:
Sorry, that was probably too long.

Been observing this thread for months.

I just thought I needed to sound a warning.

DeLaRue:
Sorry, that was probably too long.

Been observing this thread for months.

I just thought I needed to sound a warning.

DeLaRue:



Actually, you can't be sure of that.

It's possible that many of these companies whose share prices have been flying in recent months may never reach those prices again, ever. Equally, the share may recover and reach new highs in the future. My point is, we simple don't know.

If you were around during the 'dot com' era in the early 90s I think, share prices rose like hell. Any company connected with the internet saw their shares prices skyrocket for months on end. No one saw a crash coming.

Then...prices crashed. Many in Europe, America & Asia who, just days earlier, were counting their share price gains in thousands of pounds & euros saw it all evaporate in the twinkle of an eye. Many became bankrupt. Some committed suicide.

Many of the companies that 'experts' said would rule the world in the early 90s (just like Apple, Tesla are today) have collapsed and disappeared. Same thing will happen to many of today's 'hot' companies.

Technology is very dynamic, new companies and ideas are being incubated in labs, research centres, in people's rooms & garages as we speak. There's a good chance neither Apple, Tesla or Facebook will be the leading companies in 10 years. Don't say it can't happen. We have seen this sort of thing before.

Even here in Nigeria, I believe First Bank shares sold for about N50 a few years ago, but today it's often closer to N5.

Getting involved in shares like Fastly, Tesla etc without experience (and even with experience) can cause severe financial harm.

Many of the people rushing enthusiastically to trade foreign shares probably don't have the necessary experience to anticipate & manage the risk.

All they see is your enthusiastic share recommendations and perception of success. Some are going to borrow money, sell property etc to join in the rush for gains without understanding the risks. And you and I know, even for the experienced, managing share trading risks can be difficult. The truth is a lot of people will make some money, but many more are likely to lose money.

I can see you're trying to do good, but if I were you, I would want to avoid the moral burden of unknowingly leading many inexperienced people into this (very) risky business. I would start by not recommending specific stocks. In the choppy waters stocks are entering into now, too many will lose money, serious money.

OakPearl:


My words you quoted does not apply to the dot com bubble victims. They didn't know what they bought. They were victims of the herd mentality.

Keep your admonitions coming, it supplies the necessary balance.

But did you read the thread from the beginning to see where I stated that the stock market is not a get-rich-quick scheme?
If I manage to research stocks with the scarce time available to me, I dont think I should keep repeating myself as stated on page 1.

This thread is meant to share knowledge and stock tips for investors to enable them take the final decision on what best to do as adults.
There are investment forums and groups all over the world established to help each other develop the investment culture and most of all build wealth.
Should we be different in this part of the world?

OakPearl:


My words you quoted does not apply to the dot com bubble victims. They didn't know what they bought. They were victims of the herd mentality.

Keep your admonitions coming, it supplies the necessary balance.

But did you read the thread from the beginning to see where I stated that the stock market is not a get-rich-quick scheme?
If I manage to research stocks with the scarce time available to me, I dont think I should keep repeating myself as stated on page 1.

This thread is meant to share knowledge and stock tips for investors to enable them take the final decision on what best to do as adults.
There are investment forums and groups all over the world established to help each other develop the investment culture and most of all build wealth.
Should we be different in this part of the world?

proprp:
Whenever we post post gains, we should also post loses. For example my portfolio is down -3.17%.

Encouraging each other to pursue financial freedom should be the norm, obviously it is important to make people aware of the risks associated with trading in the stock market and I expect people to research, learn and have some understanding before jumping in. Also don't stop learning and lock in profits when possible.

Africans (Blacks) are mostly left behind in a lot of world's activities because we are risk averse, don't have access to information and hardly share knowledge.

Kudos to the gurus and everyone sharing tips and advice on this forum.

ebuka1997:
No one is a financial advisor here. Everyone is totally responsible for his/her portfolio. 90% of investors lose money in the market. Check forums on reddit. People lost money but no one blamed anyone, why do we have to be different.

BLAQBOYFLY:
AAPL will test Low $105 especially is the selloff enters into next week which i think it would. Be prepared to close in losses at any postion you can stomach because i think this is just the beginning of the selloff.

Highlyfavoured3:
Hello gurus in the house, please where do one get access to premarket info?

sweetmichael007:
The stock market is going to crash very soon.Am not a prophet of doom,but evidence is speaking loud now.

The market will crash as soon as before middle or end of October.

Please all you individual investors should run away with your one naira now before it turns to Kobo Kobo.

Don't be greedy, Kobo wise naira foolish.

Leave the market for now and come back next year.go for a break or go for a holiday, which ever one,but just leave now before the sky fall on you.

Don't say no one told you,unless you are a short trader, you can go short on most stocks at the moment and smile to the bank in few months.

All the news outlet are saying the same thing am telling you now.

Mark today's date. Don't say nobody warned you so.

Our people say fly that doesn't listen to advise follows dead body to the grave.

It a trap.run for your life.

Read the article here from great thinkers and people's comments also.

https://seekingalpha.com/article/4372177-yes-crash-is-coming

Be wise.

A world is enough for the wise