Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,358 members, 7,860,948 topics. Date: Friday, 14 June 2024 at 07:40 PM

Us Stocks Pick Alert - Investment (297) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Us Stocks Pick Alert (629792 Views)

MTN Shares Pick Alert / My Stock Plays in US Stocks Market / Buying US Stocks From Nigeria (2) (3) (4)

(1) (2) (3) ... (294) (295) (296) (297) (298) (299) (300) ... (434) (Reply) (Go Down)

Re: Us Stocks Pick Alert by afroxyz: 12:17am On Apr 11, 2021
seyisanya:
Hello all,

Trading212 only allows you to withdraw funds back to the card you used to add funds to your trading account, so what happens if the card expires and your bank issues you a new card?

Thanks.

I dont think this should be a pproblem. You can always write them to update details. But just keep the old card incase

1 Like

Re: Us Stocks Pick Alert by Elsueno: 6:40am On Apr 11, 2021
Ifesinachi22:


You can ask your friend to open Interactive brokers or TD Ameritrade account. These are apps you can open and trade with in Nigeria.

He should open with his name and every other details. You send him money which he will fund the account with and send you the login details. After trading you withdraw to his account and he will inturn send the money back to you.

Depending on how you trust your guy. It will work

That is illegal, what's wrong with us in this country, must we always try to go around the system? the people that made the app know cards expire, why won't he talk to them first & let them fix his new card there. Haba!

12 Likes 1 Share

Re: Us Stocks Pick Alert by IyaTola: 6:55am On Apr 11, 2021
A day trader may lose a month's profit in a week.

Only a very little percentage of crypto day traders are making it big.

2 Likes

Re: Us Stocks Pick Alert by SixSigma1(m): 6:56am On Apr 11, 2021
Ifesinachi22:


You can ask your friend to open Interactive brokers or TD Ameritrade account. These are apps you can open and trade with in Nigeria.

He should open with his name and every other details. You send him money which he will fund the account with and send you the login details. After trading you withdraw to his account and he will inturn send the money back to you.

Depending on how you trust your guy. It will work

This is a no no for the following two main reasons and if I was the friend, I will never do it:

1. First, tax implication of doing that. The person (friend) whose name the account is under will need to file tax return during tax period and pay tax on all the gains made by the person the account was opened for. Not only that, the gain/profit from the trading will also put the friend whose name the account is under into a new tax brackets with its own several financial implications for the person.
2. Second, the act of opening account for somebody else but in your name is definitely illegal. The consequences are just not worth the risk.

13 Likes 3 Shares

Re: Us Stocks Pick Alert by Ifesinachi22(m): 8:35am On Apr 11, 2021
Elsueno:


That is illegal, what's wrong with us in this country, must we always try to go around the system? the people that made the app know cards expire, why won't he talk to them first & let them fix his new card there. Haba!

I'm sure you didn't follow the discussion. Who talked about Card expiring here?

3 Likes

Re: Us Stocks Pick Alert by layzie86(m): 12:45pm On Apr 11, 2021
Ifesinachi22:


I'm sure you didn't follow the discussion. Who talked about Card expiring here?

Yeah I also realized he mixed two discussions together

1 Like

Re: Us Stocks Pick Alert by Elsueno: 4:48pm On Apr 11, 2021
Ifesinachi22:


I'm sure you didn't follow the discussion. Who talked about Card expiring here?


Sorry sir grin

1 Like

Re: Us Stocks Pick Alert by posty56: 4:51pm On Apr 11, 2021
SixSigma1:


This is a no no for the following two main reasons and if I was the friend, I will never do it:

1. First, tax implication of doing that. The person (friend) whose name the account is under will need to file tax return during tax period and pay tax on all the gains made by the person the account was opened for. Not only that, the gain/profit from the trading will also put the friend whose name the account is under into a new tax brackets with its own several financial implications for the person.
2. Second, the act of opening account for somebody else but in your name is definitely illegal. The consequences are just not worth the risk.
this is why i stress on traveling abroad, cause if i continue with Nigeria brokers eh!

1 Like

Re: Us Stocks Pick Alert by tot(f): 5:56pm On Apr 11, 2021
seyisanya:
Hello all,

Trading212 only allows you to withdraw funds back to the card you used to add funds to your trading account, so what happens if the card expires and your bank issues you a new card?

Thanks.

https://community.trading212.com/t/card-expiry-and-withdraws/23999

1 Like

Re: Us Stocks Pick Alert by Predstan: 8:17pm On Apr 11, 2021
Ifesinachi22:


I'm sure you didn't follow the discussion. Who talked about Card expiring here?

Irrespective, your suggestion is illegal and should be withdrawn. Stocks in other world is not just stock. It is tied to your profile and SSN so you are suggesting impersonation

4 Likes

Re: Us Stocks Pick Alert by PeaceIlya: 8:51pm On Apr 11, 2021
Fintech will be here. Your money is safe. If I were you, I’ll breathe and believe this is just another sabre-rattling by the government in order to get a piece of the pie.

Please keep investing and living your life.

For foreign stock investors, your money is guaranteed by the US SEC anyway. Do not worry please.

Enjoy your weekend.

5 Likes

Re: Us Stocks Pick Alert by Coolcash1: 9:03pm On Apr 11, 2021
With sell-off drying up and prices already beaten down whereby most of them are re-testing the 200 and 365 EMA its a sign of correction period being over. Also an indication of economic recovery implying that its time to load up on some cheap good stocks with minimum of 100% returns.

If you are already in the bus, just sit tight as the pay day is just around the corner.

If you have extra cash, it’s time to mop up and watch your money grow.

Looking at the policy direction of the government, focus should be on ESG, airlines, telecommunications, biotechnology other than covid vaccine development companies and entire EV industry value chain stocks.

Happy investing/trading.

3 Likes

Re: Us Stocks Pick Alert by Coolcash1: 9:10pm On Apr 11, 2021
IyaTola:
A day trader may lose a month's profit in a week.

Only a very little percentage of crypto day traders are making it big.

They both face the same market risk. It all depends on their risk management strategy. The best strategy to make money in day trading whether stocks, crypto,index, futures or forex remain through Guerrilla trading.

2 Likes 1 Share

Re: Us Stocks Pick Alert by Penboy: 2:25pm On Apr 12, 2021
Coolcash1:


They both face the same market risk. It all depends on their risk management strategy. The best strategy to make money in day trading whether stocks, crypto,index, futures or forex remain through Guerrilla trading.


What's Geurillia trading

1 Like

Re: Us Stocks Pick Alert by Kennyking1234: 6:59pm On Apr 12, 2021
BEEN IN MESS FOR A WHILE...

2 Likes

Re: Us Stocks Pick Alert by posty56: 9:05pm On Apr 12, 2021
market is shite right now do not trade or invest for now (unless you are investing for long term)

3 Likes

Re: Us Stocks Pick Alert by posty56: 9:06pm On Apr 12, 2021
Kennyking1234:
BEEN IN MESS FOR A WHILE...
market is down

2 Likes

Re: Us Stocks Pick Alert by Coolcash1: 9:07pm On Apr 12, 2021
Know what you own before you start selling it

2 Likes

Re: Us Stocks Pick Alert by Skymoore1004: 10:09pm On Apr 12, 2021
lol I don cry tire.
Thank God for crypto. I’m recovering the loss while I hold my stocks
Kennyking1234:
BEEN IN MESS FOR A WHILE...

3 Likes

Re: Us Stocks Pick Alert by Kennyking1234: 10:13pm On Apr 12, 2021
posty56:
market is shite right now do not trade or invest for now (unless you are investigating for long term)
Actaully now is the best time to invest, as "you said for the long term".

1 Like

Re: Us Stocks Pick Alert by posty56: 10:22pm On Apr 12, 2021
Kennyking1234:
Actaully now is the best time to invest, as "you said for the long term".
yeah,

1 Like

Re: Us Stocks Pick Alert by Kennyking1234: 10:33pm On Apr 12, 2021
Skymoore1004:
lol I don cry tire.
Thank God for crypto. I’m recovering the loss while I hold my stocks
My portfolio was just fine not until i decided to day-trade to get some quick bucks, came online late and fell into this mess thanks to $dlpn. Bought at 27 dipping since then...

1 Like

Re: Us Stocks Pick Alert by Skymoore1004: 11:12pm On Apr 12, 2021
Damnn! Sorry bro
Kennyking1234:
My portfolio was just fine not until i decided to day-trade to get some quick bucks, came online late and fell into this mess thanks to $dlpn. Bought at 27 dipping since then...

1 Like

Re: Us Stocks Pick Alert by 4Play(m): 12:41pm On Apr 13, 2021
Kennyking1234:
Actaully now is the best time to invest, as "you said for the long term".

It depends what you're buying for the long term. The overall market is expensively priced if you use metrics like the price-earnings ratio so not much bargains out there.

If I had to buy US stocks for the long term but which come with high risks, I will buy the likes of Gravity Co (GRVY), NMI Holdings (NMI), Freedom Holdings (FRHC), Zynex (ZYXI), Eagle Bancorp Montana (EBMT), SelectQuote (SLQT) and Regeneron (REGN).

By long-term, I mean buy and hold for 3 to 5 years. Because, the overall market is expensive, prepare for huge drawdowns in the short-term. But in my view, the companies I mention represent good value (lowish price-earnings ratios) and high growth in earnings and revenues.

4 Likes 2 Shares

Re: Us Stocks Pick Alert by Pennywise(m): 2:16pm On Apr 13, 2021
Kennyking1234:
My portfolio was just fine not until i decided to day-trade to get some quick bucks, came online late and fell into this mess thanks to $dlpn. Bought at 27 dipping since then...

Thats my exact story bro. My own spoiler was RIOT Blockchain. The name should have told me sth about the stock and the mindset of its owners

1 Like

Re: Us Stocks Pick Alert by Skymoore1004: 2:46pm On Apr 13, 2021
grin grin grin grin grin grin grin grin grin grin grin grin Lmaoooo
Pennywise:


Thats my exact story bro. My own spoiler was RIOT Blockchain. The name should have told me sth about the stock and the mindset of its owners

3 Likes 1 Share

Re: Us Stocks Pick Alert by afroxyz: 6:45pm On Apr 13, 2021
Pennywise:


Thats my exact story bro. My own spoiler was RIOT Blockchain. The name should have told me sth about the stock and the mindset of its owners
You should be smiling tomorrow

1 Like

Re: Us Stocks Pick Alert by Pennywise(m): 7:55pm On Apr 13, 2021
afroxyz:

You should be smiling tomorrow

I cashed out before today's rally. When I looked again it was already gone.

1 Like

Re: Us Stocks Pick Alert by Kennyking1234: 7:57pm On Apr 13, 2021
4Play:


It depends what you're buying for the long term. The overall market is expensively priced if you use metrics like the price-earnings ratio so not much bargains out there.

If I had to buy US stocks for the long term but which come with high risks, I will buy the likes of Gravity Co (GRVY), NMI Holdings (NMI), Freedom Holdings (FRHC), Zynex (ZYXI), Eagle Bancorp Montana (EBMT), SelectQuote (SLQT) and Regeneron (REGN).

By long-term, I mean buy and hold for 3 to 5 years. Because, the overall market is expensive, prepare for huge drawdowns in the short-term. But in my view, the companies I mention represent good value (lowish price-earnings ratios) and high growth in earnings and revenues.
Thanks for the recommendations ,Sir.

1 Like

Re: Us Stocks Pick Alert by Kennyking1234: 7:58pm On Apr 13, 2021
Pennywise:


Thats my exact story bro. My own spoiler was RIOT Blockchain. The name should have told me sth about the stock and the mindset of its owners
lol, I learnt to never fomo into any stock.

1 Like

Re: Us Stocks Pick Alert by Jayjaycee18: 8:55pm On Apr 13, 2021
BIGG Digital Assets Inc. ($BBKCF) and other crypto exchange stocks like $LGHL, $FTCV et al should gap up on the heels of Coinbase's ($COIN) IPO in few days.

BBKCF, a Canadian online Brokerage, and its subsidiary (Netcoins) announced in February 2021 that its crpto tracing and tracking software, QLUE was bought and is being tested by both the Canadian and US Govt Agencies. Alos, Netcoins announced daily revenues in Feb, 2021 of over $100k from trading on its exchange and the President of Netcoins, Mitchell Demeter is renowned worldwide for setting up the 1st ever Bitcoin ATM.

N.B: I posted a detailed review of BIGG Digital Assets Inc. ($BBKCF) on this forum some days ago when the stock was just above $2, but my post was deleted and I was banned by the anti-spam bot. The recurrent banning of posts makes it difficult to make any contribution here.

BBKCF has gained over 65% since my post that was removed by the bot (its is now $3.67 with 19.5% gain today). Current Analyst target is $4, but this could get to $5 - $7, having blown past initial analyst target of $2.5.

Disclosure: I accumulated $BBKCF under $2 and plan to sell 25% to lock in some profit once it gets to $5, then leave the remaining 75% for long term.

As usual, due diligence is required before buying any stock(s).

Bonne chance.
Re: Us Stocks Pick Alert by Born2conquer: 10:10pm On Apr 13, 2021
Thanks to Binance

We can now leave bamboo with their outrageous commissions

2 Likes

(1) (2) (3) ... (294) (295) (296) (297) (298) (299) (300) ... (434) (Reply)

Stock Market Tips For Nigerians / Mutual Funds / MBA Investors Forum

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 56
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.