₦airaland Forum

Lady who bought bank shares in 2007 for N22,300 sells it 15 years later for N20,000

A young Nigerian lady Gloria Ogo has sold the shares she bought more than decade ago without any appreciation on the value.

She revealed in a Facebook post which has gotton over 200 comments on Monday that the shares were bought for N22,300 in 2007, at a time decentralised digital currency, Bitcoin was valued at less than a dollar.
In 2022, which is 15 years later, she sold it for N20,000, meaning there was no significant return to show for the investment.

The lady shared a receipt of the purchase of bank shares in 2007, adding that prior to the sale, she only managed to get N6k

Her words: "I bought Access Bank shares in 2007 for 22,300. Sold it today, 15 years later, for 20k. Nigeria really happened to my shares."

Reaction to the post reads;

Emiko Roy; How I wish, it was 23k Worth of BTC you bought in 2007

Joseph Nkeanyichukwu; Corruption happened to it

Engr Dennison DennIs; Imagine it in BTC

Chika Moses Chris-Achinihu; Same with me, mine even worse. Bought 2005 from a Bank. after it was acquired and made ordinary shares of 5 units as 1 units. My 50 units turned 10 units. Access acquired Intercontinental, and turned the 10 units to 2 units.

Nuga Temitayo Olanrewaju; A guided and well informed investment in property would never give you such result.

source link-
https://mobile.facebook.com/story.php?story_fbid=5234940393223594&id=100001230553668&refid=17&_ft_=mf_story_key.5234940393223594%3Atop_level_post_id.5234940393223594%3Atl_objid.5234940393223594%3Acontent_owner_id_new.100001230553668%3Athrowback_story_fbid.5234940393223594%3Aphoto_attachments_list.%5B5234940259890274%2C5234940349890265%5D%3Astory_location.4%3Astory_attachment_style.album%3Aent_attachement_type.PhotoSetAttachment%3Aapp_id.350685531728%3Aprofile_id.100001230553668%3Aprofile_relationship_type.6%3Aactrs.100001230553668%3Athid.100001230553668%3A306061129499414%3A2%3A0%3A1651388399%3A-8476516310979479528%3A%3A%3Aftmd_400706.111111l&__tn__=%2AW-R

Nigeria no be anybody mate.

That is why i have never Nigerian stocks as part of modern day asset in my investment portfolio

Omoh!!! A whole 15yrs for nothing.

And the bullshit is that 23k+ purchasing power in 2007 is worth over 200k+ now
Nigeria can not defeat me ....

GFB

Corruption has eaten deep into Nigeria banking sector to the extent that they are now stealing depositors money in the name of bank charges.

She should thank God for even see 20k, in the next 5 years, that same units might have drop to 5k in worth.

You even get wetin to sell. I buy Afribank share, na only the certificate I hold.

.

Righthussle:
You even get wetin to sell. I buy Afribank share, na only the certificate I hold.

Eweee ����

dawnomike:
That is why i have never Nigerian stocks as part of modern day asset in my investment portfolio

Sure, na waste of time

Abeg I no wan remember the Oceanic bank shares i bought in 2006

I have moved on

Tobijays:
And the bullshit is that 23k+ purchasing power in 2007 is worth over 200k+ now
Nigeria can not defeat me ....

My guy

The funny thing is that given present value of money, inflation and cost of dollar, she lost almost all her money.

We need young visionary leaders to put things aright in Nigeria.


@Seniorwriter

dawnomike:
That is why i have never Nigerian stocks as part of modern day asset in my investment portfolio

She did not take share trading ...
As a business...
Some folks are makin millions on Nigerian Stocks...
U need to reconsider ur stand...
If u want help..visit NSEMPA thread and read thru...

Willie2015:
She did not take share trading ...
As a business...
Some folks are makin millions on Nigerian Stocks...
U need to reconsider ur stand...
If u want help..visit NSEMPA thread and read thru...

Thanks so much for this... I will visit the thread to learn more

josephubah111:
I bought transcorp shares at 7.50 pers share in 2007.for 7500 naira.I was 17 then..in my early 30rs and it's with 2.70 per share 2700..lol..if I sell now I won't get half of my money so I just left it as a good reminder never to do such again..Nigeria go better is a big lie..

Was 2007 not around the time everyone was buying shares at inflated price?

My share for big treat no worth anything today...bought it in 2008

I bought shares in PHB now ...whatever back in 2007 now they told me I can't access it cos another bank bought it ...Nigeria need to wake up