₦airaland Forum

siofra:
Yes but that thread looks like it's dying.

And I don't know much about cars either, is Toyota Nigerian stock because I'm guessing it is.

It takes a smart person to decode sarcasm

siofra:
I'm a beginner here. Been following for a while.

Is it more profitable to trade US stocks or Nigerian stocks?

Please what is the disadvantage and advantage?

If you have direct access to US stocks I say invest most of your money in $$$ and maybe 10% in NSE for future flexing whenever you go Naija.

If not, then it depends on your exchange rate.... I heard the rates being peddled by some of these fintech companies is borderline Benin/Ore expressway robbery.... Like they charge N600/$ when you're buying and when you sell and want to cashout they offer less than N450/$.... I guess it makes sense if you never plan to sell. You also have to consider other risks like middleman business. Stocks purchased are most likely not purchased in your name, so if one CEO decide to chop people money, it is a possibility.

siofra:
Yes but that thread looks like it's dying.

And I don't know much about cars either, is Toyota Nigerian stock because I'm guessing it is.

I am assuming you replied that sarcastic question with sarcasm - that was just a question that explains in a million ways, the answer to your question comparing Nigerian stocks to US stocks.
I have no idea how much you know, but to answer your question for the sake of beginners who might be visiting this thread and searching for answers, here is my 2 cents:
Comparing Toyota to BMW is like saying your level of happiness/fulfilment/satisfaction would be defined by your "goals". You can be happy buying a BMW with all your savings and be cruising round town in a German machine for which a repair can pay someone's annual rent, as long as it gives you fulfillment, brands you well, places you in a class, and so on. You could as well buy some Toyota making you next door guy who goes to bed without worries, and also knows that whenever he puts his used car up for sale, there are ready buyers. Both guys are fulfilled.

Having clearly defined your goals/targets, next is the two assets needed for successful stock investment/trading, which are capital and knowledge. On a thread such as this, you will continuously acquire knowledge from people's experience and/or knowledge (if you invest the time, patience and humility, though) free of charge. With your knowledge, you are better able to do due diligence (DD) when a stock (pick) is recommended, or even able to manage and align your portfolio according to your goals. On the other hand, one can lose their capital, if jumping in and jumping out (jijo) on picks (recommended stocks) without a goal or sufficient knowledge for personal analysis. It is not uncommon to see people buying and selling stocks strictly based on opinions or picks of others. It is the fastest way to losing all your capital, or paying avoidable "school fees". Since money is neither lost nor gained in the market, my guess is that both traders and investors are feeding fat on the capitals of unrepentant speculators and people who jump at picks.
So, coming back to your question, I woke up two days ago to see that Dangote sugar lost about 5-7% of its stocks price, and since the two days, it has been hovering around the same lower price. If it was a US stocks, I probably would have woken to see more than 80% loss in my capital first of all, or I might have sold due to panic (even experts sometimes find it hard to decipher a pull back from a falling bridge, how much more a learner like me). Summary is that your $2 can turn $100 in one day on the US market, just in the same manner as your $1000 can turn $1.

PS: If you choose trading, you might not enjoy the NSE, and be jumping from forex to crypto to US stocks....

I hope with this, you can make your choice between Toyota and BMW. Happy investing/trading!

Pamelayoung:
What's jijo? I missed Mansard

Jijo is premature /hot money..
You can't miss mansard.
It is and will continue to be there for you.

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locodemy:
Jijo is premature /hot money..
You can't miss mansard.
It is and will continue to be there for you.

Which stock broker do you use please?

H

US/GLOBAL STOCK TRADING IS SWEET

siofra:
I'm a beginner here. Been following for a while.

Is it more profitable to trade US stocks or Nigerian stocks?

Please what is the disadvantage and advantage?
_______________________________________________________________________________________________________________________

Ades1:
_
If you have direct access to US stocks I say invest most of your money in $$$ and maybe 10% in NSE for future flexing whenever you go Naija.

If not, then it depends on your exchange rate.... I heard the rates being peddled by some of these fintech companies is borderline Benin/Ore expressway robbery.... Like they charge N600/$ when you're buying and when you sell and want to cashout they offer less than N450/$.... I guess it makes sense if you never plan to sell. You also have to consider other risks like middleman business. Stocks purchased are most likely not purchased in your name, so if one CEO decide to chop people money, it is a possibility.

I am investing in both Nigeria and global stocks. However, after tasting the Global stock side, I prefer the Global side compared to Nigeria stock as I can trade stocks of most countries in the world (at least you have a choice of +4000 liquid stocks against +80/90 liquid stocks on the Nigeria side).

On the exchange side, if you do not have your own FX, you will buy at bureau de change rate and as we know there is a spread in buying fx as the APP do not use CBN funds (this has always been the case). Using Trove as an example you will buy USD at NGN577, and sell at NGN560, spread is approximately 3.04%. Personally this is reasonable. All you have to do when calculating your gain is add 3%. Thus, if I make 20% gain, and I decide to pull out my money, my net gain is 17%.

To avoid a lengthy message, whoever needs further explanation can DM me. But in concussion I will say, I am for trading Global stocks for ever. The Nigeria market is just limiting myself to investing in 1 country only, Global market I am diversify across nations ( SNP- China Petroleum Ltd, EQNR- Norway energy Stock, BPMP - America Energy Stock if you like call it European etc).

On not having stocks in your name, probably a mail to the APPs can explain this. All I know for example is that if you do wire transfer, you money goes straight to the account of Drivewealth Stockbrokers (the main Stockbroker handlng transactions for most of the APPS, you can check SIPC website for Drivewealth + further research if interested). I cannot imagine how Mr. Ade Chukwuma will send money to Drivewealth and drivewealth will buy shares which Mr. Ade Chukwuma paid for in the name of Mr. Trove. It looks not just possible.

Caution: This is for information purposes only. Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan).

This document remains the personal property of Target technical analysis. Over 410 followers on twitter are not following for fun, they believe we have the stuff. https://twitter.com/AnalysisTarget

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locodemy:
Jijo is premature /hot money..
You can't miss mansard.
It is and will continue to be there for you.

I mean I had the opportunity to buy it at .89 but I left it for Okomu. I wept the day I saw the price 2.30 I would have been vacationing in Carribean by now had I gotten it then.

Pamelayoung:
I mean I had the opportunity to buy it at .89 but I left it for Okomu. I wept the day I saw the price 2.30 I would have been vacationing in Carribean by now had I gotten it then.

The Okomu you bought is still better than the Mansard you are talking about, though depending on the price at which you entered Okomu then. Please note that Mansard reconstructed its shares at a ratio of 1:4. Automatically multiplying the share price by 4 times. So, if you had bought at 89k then, that simply means your average price at which you bought should have been N3.56 now, because your total shares would have been reduced 4 times.

Pamelayoung:
I mean I had the opportunity to buy it at .89 but I left it for Okomu. I wept the day I saw the price 2.30 I would have been vacationing in Carribean by now had I gotten it then.

If you had bought at 0.89 then,
No, you won’t be vacationing in Caribbean now.
Yes, you will be in Nigeria rueing your loss for the school fees you paid to NSX

locodemy:
Going by result, it will take NGX about 3 years for the fair price to be #20.Fingers crossed.
Good result and price is seriously dropping.
I was able to sell at 20.20,20.25 and 20.30.

Oga Loco, at which junction are you waiting for NGX ? let me go and start doing warm up

all NGX to @N25 hopefuls need a hug right now .....they was so sure on fundamentals

gbengafaro1986:
all NGX to @N25 hopefuls need a hug right now .....they was so sure on fundamentals

Abeg leave it for us, so that we can enter at #12 or #15 junction. God is good

Transcorp resisted falling below N1.0 today. It instead bounced back from the N1.0 post Q3 low of yesterday.

https://doclib.ngxgroup.com/Financial_NewsDocs/236_Share_Dealing_Notification_-_Sale_of_Shares_by_Faruk_Umar.pdf

Non executive NGX director sells 800,000 units at N20

BabsO2:
https://doclib.ngxgroup.com/Financial_NewsDocs/236_Share_Dealing_Notification_-_Sale_of_Shares_by_Faruk_Umar.pdf

Non executive NGX director sells 800,000 units at N20

Dr Faruk Umar na smart Investor with PhD in Educational Psychology. He also understands Investment and money psychology.

A popular stock market activist from Kano.

Remember when he sold 70 million units of his Union Homes Savings and Loans share for N6.00 many years ago, the rest is history.

Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

OBAGADAFFI:
Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

Crash most likely knocking the door

ojeysky:
Crash most likely knocking the door

That's interesting

BabsO2:
Transcorp resisted falling below N1.0 today. It instead bounced back from the N1.0 post Q3 low of yesterday.

Yes but for how long? I'm in the bus.. seems driver and all passengers "no know road yet"

OBAGADAFFI:
Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

Possibly selling a share of their holding

sonofElElyon:
Yes but for how long? I'm in the bus.. seems driver and all passengers "no know road yet"

Driver dey do like danfo driver wey dey move forward small small like him one go. Then after a while reverse small as him never ready to go. Some passengers will rush in with the small small move forward thinking the bus is about to take off. Some will later get impatient and get down as they perceive the driver is not ready to take-off and other passengers take their seat.

Looks like N1.0 may be the new low resistance for Now.

emmanuelewumi:
Dr Faruk Umar na smart Investor with PhD in Educational Psychology. He also understands Investment and money psychology.

A popular stock market activist from Kano.

Remember when he sold 70 million units of his Union Homes Savings and Loans share for N6.00 many years ago, the rest is history.

Interesting. BIG jijo. That must have been a very fat loot with Union Homes Savings and Loans. And a small loot this time on NGX

OBAGADAFFI:
Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

Taking some further profits. Perhaps for use in new greenfield (higher margin) ventures in other countries.

BabsO2:
Interesting. BIG jijo. That must have been a very fat loot with Union Homes Savings and Loans. And a small loot this time on NGX

The man is all over with Investments in about 90 companies on NGX and a number of private companies


He was a director at Union Homes with about 100 million units of shares, learnt he used the proceeds from Union Homes to buy apartments at 1004 Estate at about N12 million per unit

emmanuelewumi:
The man is all over with Investments in about 90 companies on NGX and a number of private companies


He was a director at Union Homes with about 100 million units of shares, learnt he used the proceeds from Union Homes to buy apartments at 1004 Estate at about N12 million per unit

Knowing when to sell and leave a lower margin (lower reward) opportunity for a higher margin (higher reward) one spotted is the way to grow fortunes faster.

Sometimes the higher reward opportunities are glaring (often not available to everyone and sometimes available to those who look well). While many get complacent with their investments and hardly reassess if they are still worth holding in the face of better opportunities out there.

BabsO2:
Driver dey do like danfo driver wey dey move forward small small like him one go. Then after a while reverse small as him never ready to go. Some passengers will rush in with the small small move forward thinking the bus is about to take off. Some will later get impatient and get down as they perceive the driver is not ready to take-off and other passengers take their seat.

Looks like N1.0 may be the new low resistance for Now.

Well analysed !

OBAGADAFFI:
Can someone explain what is meant here.
Since MTN shares are already listed on the NSE, is there any need for this



MTN Group Limited has announced plans to offer for sale, the shares of its Nigerian subsidiary, MTN Nigeria Communications Plc.

The Group has disclosed its intention to proceed with a public offer for sale of 575 million shares in MTN Nigeria.

They are selling 14% of their own stake in the listed companies to institutional and retail investors

debeey87:
Possibly selling a share of their holding

Exactly

Mtn momo has been granted approval by CBN