₦airaland Forum

angelo82:
I want it to be bearish for 7days.........If not where am I going to put the money in my stockbroking account............They are coming to my junction slowly.............

Angelo82, when you click on quote or reply, just go below the comment you are trying to reply and type below "[/quote]", from the corrections received, I think it's just the ethics to help everyone reading the comments.

E dey make head skip sometimes like bear market

amustsuccess:
Hi fellow investors, I have an existing account with a stockbroking firm, but they don't run online trading platform. Can I have a second account(Online acc.) with another stockbroking? What are the procedures?

Yes, you can...contact the stockbrokers e.g meritrade.com, and they would assist you in opening an account

Moneysage:
@Aloaye: With all humility and utmost respect for the person of Masiyiwa, I find some of these quotes that surface during the Bears amazing (I won't say amusing)

Except he is talking about buying IPOs, then being an OWNER has never been less risky than being a TRADER. Does he have investments in Nigeria, where OWNERS can wake up one day and see a 100 for 1 share reconstruction?

Capital market investment has never been more than basic principles: WHY do you want to buy a stock? WHEN do you plan to quit the stock? WHAT will you do if situations turn out contrary to your plan?

These questions apply to TRADERS, INVESTORS, OWNERS, BORROWERS, LENDERS, COWBOYS, MEN IN BLACK, FUND MANAGERS... name it.

True talk, I thought so too, na him and Warren Buffet suppose dey talk those kind talk .....Tho, Masiyiwa's perspective I think helps reduce some tension that could come with bears,considering also @MyJoy's perspective on Dividends and bonus..all the same DD and Balance is what counts on all trading.

Raising money through the Stock Exchange: Owners and Traders (Final part).

There are two types of people who buy shares on a Stock Exchange:
"Owners" and "traders".

The people I call "owners" are those who buy shares with the mindset of an "owner", and a partner in the business. These people see each share they buy as representing a "stake" (part ownership) in the company. For them it does not matter that they own just 100 shares, in a multibillion dollar company; they are "owners".
Before they buy shares, they start by looking carefully at the company, its founders (if they are still around), and its managers. They are interested in everything about the company, including its history and the values of those behind it. They study financial statements, and read up about the business, and its activities.
Once they buy, owners are there to stay. They follow the business, not the share price. They are with the company in thick and thin. If there is a meeting of shareholders they pitch up, and participate.

I remember a woman who had a hundred shares in our company, who once stopped one of our vehicles, and shouted at the driver saying to him, "I'm Mr Masiyiwa's partner,and I'm going to tell him to get rid of you, for reckless driving!"

"Traders" on the other hand, are buying and selling, all the time. They do not read , or even try to understand financial statements; preferring rumours. They do not follow the business but the market. Sometimes they don't even know what companies they have bought shares in. They have all sorts of formulas and theories about what "moves the market". They are also the mainstay of some Stock Brokers, because that is how many stock brokers, make money: they need people who are constantly buying and selling, and also panicking!

Whilst I'm not there to pass judgement on what you decide to do with your money; the key thing to understand is personally, when I write about Stock Markets, and investors, I'm talking about those who buy shares to INVEST, and become an OWNER in a public company.
If you want to make money as a "trader" on the Stock Market, you need to train to become a professional at it. And certainly I cannot give you any advice, because I have never traded in shares; I buy as an "owner".

Personally I find "trading" in shares a risky business. I prefer to be an owner of shares in companies. I do not find it risky, and I consider it one of the best, if not the best form of investment.

-Strive Masiyiwa

Chibuking81:
There is fire on the mountain, run run run, a big big fire. The end of this current bear might not be soon. As we are trying to make money this year, let the money not turn back to make us. These days I have been in my second missionary journey in the floor of Nigeria stock exchange market, and I have seen the way companies released their share unit in millions to sweep the bid, even at the lower price, this always happen just in a second and always between 2pm and 2:30pm . The best thing to do now is just to jump out, even with the little loss and wait for stocks to bottom out, may be by next week or upper. Stocks are going down the more everyday, none is save for now. ( the new government might allow it to continue, with believe that illegality in the market is gradually taking care of)

Chibubear at it again Noted.

pythondjango:
what will happen sir?
Hmmm transcorp o......

Immanuello! When would transcorp get to #3.02 so we can JO, or should we JO at #2.99...? My company wants to acquire 5% of Transcorp to take advantage of the agricultural transformation coming soon *in Ucheson's voice*

myjoy08:
Sir, nothing serious at the moment to be fearful about. I think investors and traders should choose faith above fear. As i said, nothing serious to be worried about. Money is changing hand at the moment and no devaluation again on the other hand as official rate had been shifted to 196.95(Naira) to $1. Best of luck to us ALL!

Thank You Sir! Faith over Fear

bigass:
BUHARI WANTS TO PROBE NSE. Emir Of Kano believes NSE is Advanced Gambling. More Red to come

how true is this?

Well, how further south can prices go? I guess it seems better now than the abracadabra of 2008 banking stocks.A probe may even show prices should be further up north...

Myjoy pls motivate BNSITL

zendi:
You were singing the costain to yourself as far as i'm concerned. Next time, if you really want to tip off BnsiTL, drop a clue as to what is brewing. You don't expect people to jump into your bus just for shouting costain, what if you're one chance, or a monkey dealer?

Someone, I think mercylicious posted the chart of Costain to show that it was breaking out

Thank you oo....this is noted!

Processor01:
Transcorp ke? You want to commit suicide ni? Better look for another stock oooo!

should have loaded lots of Costain Transcorp dia riz God ooo

zendi:
Hmmn... my brother, rescueing the stock market may not be the immediate headache of the govt. The prayer is for [b]bargain hunters to quickly chase away the bears and conjure the bulls [/b]while the new govt takes all the time it wants to get it's act going.

Positioning continues

My thoughts is, many entered the market thinking it would replicate the bull effect of the March 28th election results and hence a lot selling started and eventually led to panic selling

The market should stabilize once the new govt's policies start taking shape, they should be fast though to avoid continued panic selling.

Buy the bear, Sell the Bull


God bless

meritrade launches meriboss? Seems they did some upgrades now

myjoy08:
Happy New Month of June. I wish everyone a joyful new song, fulfillment of promises, uncommon favor, abundant grace, unlimited joy, and immeasurable peace in this month. And all our portfolios and trading, starting from today, shall experience all the best we ever wished for (Green House of blessings). It is well with us all.

God bless Nigeria! A positive and new beginning has began

Amen!

May our song this new month be:

The land is green, its green ooo
The land is green, its green can't you see...

The harvest is ready..

God bless Nigeria!

http://www.punchng.com/business/money/skye-bank-appoints-four-executive-directors/

Happy Democracy day Nigeria!

Change is here

fedupnigerian:
For online traders, is there anyone who uses mytradebook? How good are their services and commision rates? The other one am considering is Meritrade. Can somebody be kind enough to recommend please.

I've not used Mytradebook but from observations on comments here

Meritrade(I use this)
pros: Good customer service, Accounts gets credited as soon as you contact them and they have a mobile app, good reputation in the stock exchange too,easy to open and complete opening form online.

cons: The online data update is not instant and you dont get to see trade as they happen. You can balance this up with the nse website but it's not too good especially when your major strategy is JIJO(Jump In, Jump out)

Morgan:
pros: Low brokerage fee(0.25%) as compared to meritrade(1.35%), real online data and you get to see trades as they happen, good for JIJO

cons:not too good customer care(tho you may not need their 'care' much), you have to fill the opening form sent by mail and scan to send.

I'm not too sure of other cons of morgan because I have not used it but you can open an account with both and manage your account combining the pro's of both platforms.

Cheers

Greetings BNSITL,

It's! been awesome learning from you all..I'm a newbie but I follow diligently from behind the scenes ...Thanks and God bless, may the transition bring us all money this year.

Don't forget to send me your tithes

Tips for newbies: writing my investment strategy has also been guiding and really helpful..best wishes!

Ucheson funny oooo............May be your company should invest in that guy's tutorial business, it may be more LUCRATIVE than Oando

angelo82:
Only God knows whats wrong with Meristem....They seem not to be updating their data and I don't know why..........You could sell lower without knowing you could sell higher....Whats wrong with them?

I thought I was the only one having such complaints.......anyone knows if Morgan itrade platform has same errors??

Monkey hunters mean spreading "good news" about a stock to push newbies to buy

Newbies pls do ur own research,check NSe website and weigh the info u see here before buying....no let them catch u monkey..

kingstanley:
jsmile
angelo82
jarkbauer
megainvest
bigass
born2berich

please I need a help on how stock market works, please someone should help a me on this. thanks and may God bless.

You can read previous posts and lessons by many on this thread and would learn a lot already.Bottom line though is,you still have tol learn a lot yourself depending on whether you are a shortterm(JIJO-Jump in, Jump Out),medium term or long term investor. You can also go to Morgan iTrade platform for short video that would give u an idea for online trading.

Cheers

lancee:
U can call them ,but am sure they will be aware of it and will work on it

Ok thanks...

lancee:
Are u sure sir u re not loggin at the wrong time , cos now the market is closed

been trying for over an hour before the market closed

Meritrade not opening for me now in Canada.....why na? They should pls address their capacity.....

This week starts again in a few hours

May the week favour us in glorious ways in Jesus name! Amen

But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today. -Deut. 8:18

Hello NSEMPA, another nut to crack pls

Couldn't get any COSTAIN today,anyone with info why? I'm expecting the stock to rise with time if Sai Baba start to give contracts :-)

Info pls, or I might just use d funds for FIDELITY...Thanks

edwardaigb:
Seriously, i ll go for fidelity for mid term.

Thanks!

edwardaigb:
@alaoye, buy, buy, buuuuuuuy

lllooooollllzzz.......when u turn to myjoy?? which one?I go half am then btw the 2.

#10,000 units, FIDELITY or SKYEBANK?

I like SKYE dividends trend better but it seems FIDELITY stock may appreciate soon..tips pls