₦airaland Forum

Share your experience guys

zamie:
I won't even advise you start with 5k.

5% of 5k is 250. Which 2 me is equal to nothing.
SAVE up to 100k then begin investing.

However, I think the minimum amount one can start with is 50k (4 trading stocks) . But for mutual funds 10k - 15k.

what's if I invest 10k in mutual funds what will be my ROI

Good morning every one, if you can take action today then I will be glad to guide you until you get paid this month

Scholarsticchai:
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zamie:
If you are a doubting Thomas, then just stop reading and move on. I don't need your phone numbers or email. I'm only sharing an experience that might help someone out there.

I love sectioning my investments into three Markets:

1. Capital Market
2. Commodity Market
3. Knowledge Market

They are called markets because life is all about exchange(buying and selling). The most popular of the three in investment talks is the capital market. This includes stocks, bonds, T-Bills, forex, mutual funds, fixed deposits and the likes. The commodity market is built on owning assets most commonly lands and buildings which is often called Real Estate. Investing in Gold is also part of the commodity market. The knowledge market involves getting yourself educated. Yes, your mind is an investment and it can yield tremendous benefits.

It's right for me to say I have tried out most investment options. However, I made the above amount in a day investing in the Nigerian Stock Market.

Now to the details. I got into stock Trading in 2016. To be frank, when I made my first trade I saw - 7.7% in my portfolio, meaning my money was dissapering. But, thank God I later sold out @ - 1.3%. Ever since then I swore never to put my money into stocks again.

Then came 2017, I usually read a lot of articles online especially Bloomberg. I have consumed different kinds of information on finance. Because, I really want to achieve FINANCIAL INDEPENDENCE. There is a book called The Intelligent Investor by Benjamin Graham. This book really helped me a lot. All of a sudden, I felt a new courage to try out stocks again. This was around November last year. Being that this was close to Christmas period, I decided to keep my money till the next year.

February 2018, I started to read into Nigerian companies. The Banking sector seemed to be doing well so I focused mainly on this sector. I use Meristem for trading. I could register online and trade instantly online(I am not marketing them). I loaded my account and after much prayers traded Zenith Bank. The rest was magic...

I don't earn this amount daily. But I earn more than this weekly. Some of you might be thinking, how much did I invest. Well I won't explicitly state it but it's obviously more than a million.

Warning: investing in the Nigerian Stock Market is a dangerous game and involves expertise. But if you are like me and love dangerous, then hop on lets make cool cash.

I've set a new target to make 25,millon naira as profit b4 this year runs out.

If you have any similar experience, kindly share.

pls do u know of any investment platform I can start with 5k?

Chizeks0104:
OK thanks, so how do u earn so much in a day

share it to your friends also

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