₦airaland Forum

Hamachi:
I completely disagree. Stock investment is the fastest way to get rich.

SatoshiX:
It's not you agreeing or not, I'm telling you my own personal experience.

SatoshiX:
The 700k i spent on First Bank IPO @33 naira per share in 2007 is worth next to nothing today. The land I bought few month earlier has appreciated more than 1000% so far.
My biggest investment regret.
Edit:

It's not about what you think, it's actually my own personal experience.
What led me to Nairaland in 2005 was my curiosity about stock and shares.
I had huge portfolio from Banks, Oil and Gas(JA Paul etc), Insurance and so many undervalued stocks. At the end I got burnt so badly that I forgot my CNCS number (whatever it's called). You can read about the stock market crash of 2009 upwards.
While stock market might be a good investment option, for your sanity, you must diversify your investments.
From experience, genuine land will give you ROI that stocks will struggle to give you at the long run.
Fyi, Nigerian stock market is very volatile and till today insider trading is still rife.
Goodluck anyways.

Hamachi:
You rather buy land than invest in stocks?

Hamachi:
I get your point and I respect your experience, but I wouldn’t write off the stock market completely. Yes, 2009 was brutal and a lot of people got burnt, but the truth is every investment class has its risks—land inclusive.

Land might feel safer, but it’s not immune. We’ve seen cases of government acquisition, double sales, or community disputes that swallow up people’s money. Meanwhile, some stocks have quietly created generational wealth—those who bought and held companies like GTB (now GTCO), Zenith, or even Dangote Cement at the right time know what I mean.

The real issue is not “stocks vs land” but strategy. Diversification doesn’t mean abandoning stocks—it means balancing them with other assets like land, fixed income, or even foreign investments. If you only stick to land, you may miss opportunities for liquidity and compounding growth that stocks can offer.

So, while insider trading and volatility exist, with patience, research, and risk management, the stock market still has its place in a solid portfolio.

SatoshiX:
Thanks for the insights. A lot might have changed since I left the turf.

Hamachi:
A lot has changed honestly. Send an email to cscs to get your account statement as I am very such your portfolio is in millions but you are unaware of it. The current market price for FirstBankCo is huge not to mention the interim and final dividend over the years that you have received. Act now! NGX has changed since you left.

SatoshiX:
I'll see to this in the next coming weeks. Thanks once again.

Hamachi:
Kindly read on Stick split and what happened when companies merge. Knowledge they say is power.

ibechris:
Don't follow the crowd ooh.

If u don't know how the stock market work,pls dodge this one.

E go burn ur hands like hot beans and plantain dey burn tongue.

Invest in portfolios with less risk such as treasury bill,fixed income and commercial papers.

SatoshiX:
The 700k i spent on First Bank IPO @33 naira per share in 2007 is worth next to nothing today. The land I bought few month earlier has appreciated more than 1000% so far.
My biggest investment regret.
Edit:

It's not about what you think, it's actually my own personal experience.
What led me to Nairaland in 2005 was my curiosity about stock and shares.
I had huge portfolio from Banks, Oil and Gas(JA Paul etc), Insurance and so many undervalued stocks. At the end I got burnt so badly that I forgot my CNCS number (whatever it's called). You can read about the stock market crash of 2009 upwards.
While stock market might be a good investment option, for your sanity, you must diversify your investments.
From experience, genuine land will give you ROI that stocks will struggle to give you at the long run.
Fyi, Nigerian stock market is very volatile and till today insider trading is still rife.
Goodluck anyways.

Dancebreaker:
Listen, I bought shares like 30 years ago abroad already. Don't tell me about any useless knowledge that 9ja flips on it's head. A place where 1 + 1 can be -633?
Is the way 9ja runs corrupt democracy that serious countries run it?

My mistake was to believe that thing work in 9ja as they do in countries where the people and govt mean well for themselves.

I don't need it. I keep my little money invested where it has always worked before the 9ja misadventure.

TallNigerian:
I totally agree with you Sir. I once created a thread on Nairaland to lament about this. Investing in stock is like playing sport betting or engaging in forex trading. It's best for those who engage in daily trading or who are buying over large stocks worth billions, not for minor investors or long term investors.

Hamachi:
I understand your frustration, but we can’t dismiss everything about 9ja just like that. Yes, the system is rough, messy, and sometimes feels like 1+1 equals -633, but not everything here is a total waste. Even in developed countries, their systems didn’t get perfect overnight—they went through decades of corruption, failed policies, and trial and error before building what we admire today.

The truth is, if everyone who sees the faults simply checks out and says “I’ll only invest abroad,” then the cycle here never breaks. The same corrupt system will continue unchecked because the very people who know better have left their hands off.

It’s not about putting all your life savings in Nigeria, but at least recognizing that local opportunities do exist. Small, strategic plays here can still yield returns, especially because the market is underdeveloped and full of gaps waiting for smart minds. Abroad gives you safety, but at home there’s also leverage if you know where to look.

Hamachi:
I get your frustration, but honestly, investing in stocks is not the same as betting or forex. Betting is pure luck, and forex requires constant daily monitoring, but stocks—especially if you’re thinking long-term—work differently. The truth is, the stock market has always rewarded patience more than gambling behavior. You don’t need billions to win; what you need is consistency.

Even with small amounts, buying the right companies and holding them for years can multiply wealth. Think of people who bought Dangote Cement, GTB, or even Apple in its early days. They didn’t need to be billionaires to see life-changing returns. The real problem is that many people expect quick money, so when they don’t see results immediately, they compare it to sport betting.

Stock investing only looks like gambling if you treat it like gambling. But if you approach it with knowledge, discipline, and a long-term mindset, it’s one of the safest and most proven ways to grow wealth steadily.

TallNigerian:
Hmmmm. I understand your POV, and I saw how the equities surged in prices over the last 6 months. But is it sustainable? I think my greatest fear is with the volatility of the market.

Hamachi:
I totally get you. The market’s been hot these past months, but the real question is whether that momentum can last. Volatility is part of the package with equities—you’ll see ups and downs. What usually helps is having a clear reason why you’re investing in the first place, sticking with strong companies, and thinking long term. That way, even when the market shakes, you’re not panicking—you’re just riding the wave.

Kingpele:
the best stock is to japa from this country ...because the economy is not yet stable.. the economy controls the stocks...I bought stock of intercontinental bank around 2003 ...now the bank is gone...I don't know how to go about retrieving it.... but am even considering buying stocks from Acess bank....for that bank to still be doing well after the death of its CEO is refreshing

Hamachi:
Sell your shares if you desire you money back. You are yet to get your final dividend.

Paulscholari:
what's the final dividend gonna be and when will it drop? Do you have an idea

SatoshiX:
CBN and their governors. What Sanusi did to my stock Portfolio because of personal vandeta it's only heavens that will judge him.

Bluntemperor:
THE CBN - TOO IS NOT HELPING NIGERIANS- THE YOUTHS AND THE MASSES.
VERY TERRIBLE INDEED
2.HIGH INTERESTS RATES OF 27% and Above - which the CBN DO NOT SEE ANYTHING WRONG BUT YET SOMETHING IS WRONG - FIR EXAMPLE:
- How Do your Organisations/ Individuals borrow High at e.g 27 % from CBN,- For the Banks add there to make Profits and business people are ere expecting Banks to Lend about 30 or 35 %,but how is this same Interest Rate - SO LOW IN UK,USA AND EUROPE,WHERE WE HAVE EVEN ZERO COST ON SOME PROJECT!
SO WHY IS IT DO HIGH WITH NIGERIAN BANKS- AND WHY IS CBN - NOT DOING ANYTHING ABOUT IT- WHILE MILLIONS OF NIGERIANS CAN'T DO BUSINESS WITH OUR BANKS 🏦?
Is this How To grow 🪴 the Economy. In Nigeria?

Hamachi:
Start now as delay they say is dangerous. I am a testimony that stocks is the best investment options.

Kingpele:
the best stock is to japa from this country ...because the economy is not yet stable.. the economy controls the stocks...I bought stock of intercontinental bank around 2003 ...now the bank is gone...I don't know how to go about retrieving it.... but am even considering buying stocks from Acess bank....for that bank to still be doing well after the death of its CEO is refreshing

TallNigerian:
I love your final submission. I'll think long term in my next investment in the NGX. Thank you for the beautiful insights

wizdooarchy3:
Nigerian Banks future lies in the hand of CBN which is the hand of FGN wish is controlled by Politicians

use the money play Bet9ja and thank me later

Dancebreaker:
I like your optimism. I was a bigger preacher of "9ja will be great" just 20 years ago. Invested in farming, livestock, stock market, healthcare products, etc. Even the so-called real estate that tenants will rather sue you to court than vacate their flat for the landlord or pay up?

In the end, people you trusted turned out to be total fraud. Even blood ties has no value in 9ja these days.

So, why should one continue? To lose even more money?

Anyway, may be some people have the stamina for it. I don't have such any more.

Great100000:
Source: https://nairametrics.com/2025/08/20/how-to-buy-the-best-bank-stocks-in-nigeria/