Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,194,727 members, 7,955,763 topics. Date: Sunday, 22 September 2024 at 02:31 PM |
Nairaland Forum / Nairaland / General / Business / Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market (10006 Views)
Naira devaluation: BDCs get dollars at ₦393, sell for N494 / FG Rejects IMF’s Call For Further Devaluation Of Naira / Analysts Predict Naira Devaluation To N400/$ (2) (3) (4)
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by authority2006(m): 8:30am On Jun 15, 2021 |
Kubernetes: The values of shares were inflated at the time, many people even borrowed money to buy shares at the time. Then, it crashed. Now, the prices are back to where it is supposed to be. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Vireani79: 8:34am On Jun 15, 2021 |
Deltafirstson: Bloody scammers No be so una chop my money for transcorp In 2007 From N9.70kobo To 50kobo Na so I dey look my money go down Even when I wanted to sell It was a problem Bring passport Bring authentic signature from ur bank By the time I submit to sell E don drop more I manage to come out @ N1:50 A mere 100k from 500k invested to get 68,000units Thinking that once I come back to nigeria The money I make I will use it to be a big boy for life |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by ezef2k4(m): 8:39am On Jun 15, 2021 |
In all, am particularly impressed that they are proposing to include capital market studies as part of the school curricula. Financial literacy at a very young age will really benefit this country. Many of us don't know how this stock thing works until much later in our life. Even if you don't wish to trade in NSE, then go abroad NYSE etc. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Nobody: 8:42am On Jun 15, 2021 |
authority2006: Our inflation rate and unemployment rate makes people chase get rich quick schemes 4 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Kubernetes: 8:55am On Jun 15, 2021 |
khalids: Exactly. Most of the banks stocks then,were over valued and there was also an insider abuse which led to the bubble bust. As at today, I will not buy any bank stocks which is more than #2 and the bank must be FUGAZ. I made a great mistake by not investing on the telecoms stocks like Airtel which is now trading at over #800/share. Infact look at the Oil stock like Seplat going for over #600/share implying other sectors are doing well. I am also looking at foreign stocks in NASDAQ but till when money comes. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by macrodata(m): 9:27am On Jun 15, 2021 |
post=102735583:Please stick to your usual politics and vulture roasting business. Don't contribute to discussions on investments & currencies because you have the same backward, ill-informed & biased mindset as the Nigerian government. These points you raised are rubbish! Everybody is free to do with their money as they please. Even the traditional financial instruments are highly manipulated by the big investors. Shares & stocks can be manipulated because it is centralized. Decentralized finance takes away that power from a central authority and that is why these big players in CeFi are not happy. Cryptocurrency is here to stay, if you don't have plans to use it, fine. You children will sure use it. Educate yourself, there's more to life than supporting Buhari & grilling bush rodents. 2 Likes 1 Share |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Kubernetes: 9:40am On Jun 15, 2021 |
authority2006: OK but was there an apparent proof for that? If yes, then CBN ought to have sanctioned and even fined the banks and the NSE. And the the money realised should be use to settle the investors, even if its small. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by dodoisk(m): 11:14am On Jun 15, 2021 |
Central Bank Digital Currency. We are gone. No more privacy |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by fombi: 12:03pm On Jun 15, 2021 |
Stock market is the biggest ponzi scheme of all time, sourced with fake valueless and excessive printed papers such as naira. Even buhari with is low IQ was able to print money, how do you expect it to have value compared to BTC that can't be printed? |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by LikeAking: 12:43pm On Jun 15, 2021 |
People are now wiser. Stock market is old school. 2 Likes |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Naanlong01: 1:18pm On Jun 15, 2021 |
rentAcock: rentAcock..... Any help on how I can follow your advice to your family? But i'm more interested in Bitcoin and not dogecoin. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Onuels(m): 2:16pm On Jun 15, 2021 |
Johnrake69: Bros abeg educate us how to leverage on this with you |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Johnrake69: 3:21pm On Jun 15, 2021 |
Onuels: You go pay money make I teach you? |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by authority2006(m): 3:24pm On Jun 15, 2021 |
Sysdatek: Goodluck to them |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by yazga: 4:05pm On Jun 15, 2021 |
Kubernetes:A friend bought a land in Ajah same year. It current price is 35m |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by Baxilexi(m): 9:56am On Jun 16, 2021 |
4gunners: There wouldn’t be a viable black market once these reforms and measures are instituted. Also, the bank wouldn’t be dependent on the forex received from the CBN by the FG. The CBN should instruct money merchants to stop the pick up cash option leaving only pay to account on their platforms. Hence anyone who wants to receive forex will receive it directly into their account which they can withdraw but it would be of no gain because, anyone and everyone can equally trade Naira for USD on their bank apps. Hence they’ll sell it to the bank. This way I believe the exchange rate will never exceed a 20 naira range between CBN rate and Commercial bank rate and this will create some stability in the prices of goods. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by VeeVeeMyLuv(m): 10:22am On Jun 16, 2021 |
Baxilexi:exactly u are very correct. This is solution. But u know what these wicked people will never follow your advice, they have terrorised the economy for so long, damaging the economy beyond repair. |
Re: Inflation, Devaluation Push Millennials Away From ₦20 Trillion Stock Market by buragoz: 4:36pm On Mar 03, 2022 |
Investing is the process of building capital, which is used to achieve a certain goal. Based on the goal the investment strategy and all further characteristics of the portfolio are built. In my opinion, inflation on the contrary is a factor for learning how to invest https://www.independentinvestor.com/share-dealing/stock-trading-tips/. Also, people start investing to provide themselves with a comfortable old age and do not rely on the pension system. As we can see, the old "working and getting a pension from the state" scheme leads to a terrible shortage of money to cover pensions. |
Introducing Afriq Arbitrage System / High Quality Imported Branded Polo T-shirts. / ALIBABA Joint Group Importation
(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. 37 |