₦airaland Forum

Amen and I tap into this my brother. Though someone like me is just getting started into this. But I know it's never too late to delve into this.

CSblackpink:
I just took out the money I invested in Zrosk last week to concentrate on this FLXK. My broker allows a single ETF per portfolio, as it is deemed dangerous to have multiple volatile ETFs in a single portfolio. My SMH is also second in the rank, followed by URA and BATT. I hope God will give me the strength to work hard for another 10-15 years and retire.

For a foreign portfolio, it's not too late; just make sure you do DCA everytime you have a tiny change. I do $20-100 weekly before getting my salary. DCA helps you to buy more units and supercharges your portfolio for Yakubu.

DataAnalyst2022:
Amen and I tap into this my brother. Though someone like me is just getting started into this. But I know it's never too late to delve into this.

Abeg this DCA what does it mean

CSblackpink:
For a foreign portfolio, it's not too late; just make sure you do DCA everytime you have a tiny change. I do $20-100 weekly before getting my salary. DCA helps you to buy more units and supercharges your portfolio for Yakubu.

"Dollar-cost averaging is a strategy where you invest your money in equal portions, at regular intervals, regardless of which direction the market or a particular investment is going. In other words, your purchases occur regardless of the changes in price for the stock or other investment, potentially helping reduce the impact of volatility on the overall purchase. This can serve as a risk management trading strategy if you end up buying more when the price is relatively lower and buying less when the price is relatively higher."

https://www.fidelity.com/learning-center/trading-investing/dollar-cost-averaging

Ogborokiri:
Abeg this DCA what does it mean

Iamblessed8888:
You checked the app while daily update was ongoing. Expect such scenario everyday but seems web is usually updated faster

You are right. I later checked and my investments were there.

Dollar cost averaging—topping up no matter what the market scenario might be. Yakubu or Kanayo, just keep buying.

Ogborokiri:
Abeg this DCA what does it mean

Thanks I have been doing that I even topup today self

auschris:
"Dollar-cost averaging is a strategy where you invest your money in equal portions, at regular intervals, regardless of which direction the market or a particular investment is going. In other words, your purchases occur regardless of the changes in price for the stock or other investment, potentially helping reduce the impact of volatility on the overall purchase. This can serve as a risk management trading strategy if you end up buying more when the price is relatively lower and buying less when the price is relatively higher."

https://www.fidelity.com/learning-center/trading-investing/dollar-cost-averaging

I just did that this morning I don't even look at my portfolio I just dey topup dey go

CSblackpink:
Dollar cost averaging—topping up no matter what the market scenario might be. Yakubu or Kanayo, just keep buying.

Awesome, may we all prosper. If there is no war or political turmoil, portfolios will skyrocket at the end of the year.

Ogborokiri:
I just did that this morning I don't even look at my portfolio I just dey topup dey go

Ogborokiri:
Abeg this DCA what does it mean

One of the proponents of this concept is warren buffet. This is a practical example of what DCA means.

Assume on Monday, Zenith bank share was 100 naira and you invested 1K, means you have 10 units.

On Tuesday, the price fell to 50 naira, you refused to panick, you invested another 1K again, and bought 20 units.

Now you have 30 units.

Two things happened,

1. Your 1K got you more units on Tuesday
2. Your average cost per unit is now (100naira + 50naira) /2 =75 naira.

If you did not buy more, zenith shares would have to rise to 100 naira for you to break even but because you bought more when the prices were down, you have reduced your break even price to 75 naira, meaning zenith does not need to rise to 100 naira before you break even anymore. Anything from 76 naira and you are in profit.

In summary, it does 2 things

1. It reduces the price at which the shares need to rise to before you make profit.

2. It gives you more units for dividend day.

That is what averaging down means and that is why people pray for red day at times especially when they invested at high prices

💯💯💯💯

Iamblessed8888:
One of the proponents of this concept is warren buffet. This is a practical example of what DCA means.

Assume on Monday, Zenith bank share was 100 naira and you invested 1K, means you have 10 units.

On Tuesday, the price fell to 50 naira, you refused to panick, you invested another 1K again, and bought 20 units.

Now you have 30 units.

Two things happened,

1. Your 1K got you more units on Tuesday
2. Your average cost per unit is now (100naira + 50naira) /2 =75 naira.

If you did not buy more, zenith shares would have to rise to 100 naira for you to break even but because you bought more when the prices were down, you have reduced your break even price to 75 naira, meaning zenith does not need to rise to 100 naira before you break even anymore. Anything from 76 naira and you are in profit.

In summary, it does 2 things

1. It reduces the price at which the shares need to rise to before you make profit.

2. It gives you more units for dividend day.

That is what averaging down means and that is why people pray for red day at times especially when they invested at high prices

💯💯💯💯💯💯

Iamblessed8888:
One of the proponents of this concept is warren buffet. This is a practical example of what DCA means.

Assume on Monday, Zenith bank share was 100 naira and you invested 1K, means you have 10 units.

On Tuesday, the price fell to 50 naira, you refused to panick, you invested another 1K again, and bought 20 units.

Now you have 30 units.

Two things happened,

1. Your 1K got you more units on Tuesday
2. Your average cost per unit is now (100naira + 50naira) /2 =75 naira.

If you did not buy more, zenith shares would have to rise to 100 naira for you to break even but because you bought more when the prices were down, you have reduced your break even price to 75 naira, meaning zenith does not need to rise to 100 naira before you break even anymore. Anything from 76 naira and you are in profit.

In summary, it does 2 things

1. It reduces the price at which the shares need to rise to before you make profit.

2. It gives you more units for dividend day.

That is what averaging down means and that is why people pray for red day at times especially when they invested at high prices

I have not really been into Nigeria stocks, I just got into stocks recently because cryptto get as e behave this season. But at this point I'm wary of the way the Nigeria stock market is going, it is just too bubbling for my liking & these kind of bullish run usually come with a serious dip that will throw everybody off balance. That's how cryptto works, I don't know if that is how stocks work too. I'm just talking from my cryptto experience & I maybe wrong. Everyone seems to be talking about stocks on social media, even new stocks are doing x3 within days & everyone seems to be a stock expert on social media. I just hope a serious crash doesn't accompany this rise.

@ beeron do u see the forthcoming elections having any negative effect on the stock market?

Bluearrow:
I have not really been into Nigeria stocks, I just got into stocks recently because cryptto get as e behave this season. But at this point I'm wary of the way the Nigeria stock market is going, it is just too bubbling for my liking & these kind of bullish run usually come with a serious dip that will throw everybody off balance. That's how cryptto works, I don't know if that is how stocks work too. I'm just talking from my cryptto experience & I maybe wrong. Everyone seems to be talking about stocks on social media, even new stocks are doing x3 within days & everyone seems to be a stock expert on social media. I just hope a serious crash doesn't accompany this rise.

@ beeron do u see the forthcoming elections having any negative effect on the stock market?

Your concern is really valid and honestly, many experienced traders, investors and Equity fund managers will start getting cautious when everybody suddenly becomes a “market expert” and some low cap stocks start doing x2/x3 quickly, social media becomes euphoric with the news and some people will begin to believe stocks only go up and they can quickly invest in hope to double and triple their money and so they just buy in and in the process creating a bubble.


But first:

let’s separate crypto psychology from stock market reality because they are similar in some ways — but also very different.

I also trade Crypto, crypto futures precisely not spot trade, Infact, crypto Futures trade was the reason I had to learn and figure out a strategy to study and predict market behavior via chart after losing lots of money trading futures, so you can say I learnt on the job lol.

Anyways, eventhough if a bubble is created in the Nigeria stock market, Nigeria stocks doesn't crash like crypto, Crypto can crash 70%-90% quickly but NGX crash slower, first, it enters a bearish season(the phase where CSpinkblack usually says, top up, top up... ..... I love that guy lol), then secondly, it enters a phase of trapping late buyers, thirdly, it enters a phase of wiping out speculative stocks (this is why people always advise newbies to invest more in large cap, high volume stocks and ignore speculative stocks like Zichis, redstarex, stocks in the insurance section etc)


Now large cap, high volume stocks are usually tied to companies earnings, dividends, interest rates, inflation, FX, and corporate governance and policy.

So, high volume, large cap stocks usually recover eventually "quickly" after bubble burst, correction or crash. But you can't say the same of crypto or low cap speculative stocks as they usually take long time to recover.


So to your other question, Can forthcoming elections affect stocks negatively?

The answer is yes, because before elections markets often become nervous, volatile, cautious and foreign investors especially reduce exposure. If you ask me why.

Well it's because, Investors hate:
uncertainty, policy surprises, instability risk

Foreign investors may wait until election outcome is clearer and stability is confirmed in the country.

Beeron:
Your concern is really valid and honestly, many experienced traders, investors and Equity fund managers will start getting cautious when everybody suddenly becomes a “market expert” and some low cap stocks start doing x2/x3 quickly, social media becomes euphoric with the news and some people will begin to believe stocks only go up and they can quickly invest in hope to double and triple their money and so they just buy in and in the process creating a bubble.


But first:

let’s separate crypto psychology from stock market reality because they are similar in some ways — but also very different.

I also trade Crypto, crypto futures precisely not spot trade, Infact, crypto Futures trade was the reason I had to learn and figure out a strategy to study and predict market behavior via chart after losing lots of money trading futures, so you can say I learnt on the job lol.

Anyways, eventhough if a bubble is created in the Nigeria stock market, Nigeria stocks doesn't crash like crypto, Crypto can crash 70%-90% quickly but NGX crash slower, first, it enters a bearish season(the phase where CSpinkblack usually says, top up, top up... ..... I love that guy lol), then secondly, it enters a phase of trapping late buyers, thirdly, it enters a phase of wiping out speculative stocks (this is why people always advise newbies to invest more in large cap, high volume stocks and ignore speculative stocks like Zichis, redstarex, stocks in the insurance section etc)


Now large cap, high volume stocks are usually tied to companies earnings, dividends, interest rates, inflation, FX, and corporate governance and policy.

So, high volume, large cap stocks usually recover eventually "quickly" after bubble burst, correction or crash. But you can't say the same of crypto or low cap speculative stocks as they usually take long time to recover.


So to your other question, Can forthcoming elections affect stocks negatively?

The answer is yes, because before elections markets often become nervous, volatile, cautious and foreign investors especially reduce exposure. If you ask me why.

Well it's because, Investors hate:
uncertainty, policy surprises, instability risk

Foreign investors may wait until election outcome is clearer and stability is confirmed in the country.

Thank u for the detailed explanation as always.👍 Seeing speculative stocks doing numbers was what triggered my concern. Anyone that can survive cryptto futures can survive anything, I think cryptto futures is the most riskiest trade as far as anything trading is concerned. Na spot trading I waka reach.

CSblackpink:
Made $612.80 from Koru's cousin this week.

My Oga which cousin is this, make I begin advice my younger brother wey dey outside to buy these things so. 612 na salary o

Zedcrest no dey gree o where dem dey see the money

Please can you recommend 5 stock I can buy and hold for the next 5 years

Beeron:
Your concern is really valid and honestly, many experienced traders, investors and Equity fund managers will start getting cautious when everybody suddenly becomes a “market expert” and some low cap stocks start doing x2/x3 quickly, social media becomes euphoric with the news and some people will begin to believe stocks only go up and they can quickly invest in hope to double and triple their money and so they just buy in and in the process creating a bubble.


But first:

let’s separate crypto psychology from stock market reality because they are similar in some ways — but also very different.

I also trade Crypto, crypto futures precisely not spot trade, Infact, crypto Futures trade was the reason I had to learn and figure out a strategy to study and predict market behavior via chart after losing lots of money trading futures, so you can say I learnt on the job lol.

Anyways, eventhough if a bubble is created in the Nigeria stock market, Nigeria stocks doesn't crash like crypto, Crypto can crash 70%-90% quickly but NGX crash slower, first, it enters a bearish season(the phase where CSpinkblack usually says, top up, top up... ..... I love that guy lol), then secondly, it enters a phase of trapping late buyers, thirdly, it enters a phase of wiping out speculative stocks (this is why people always advise newbies to invest more in large cap, high volume stocks and ignore speculative stocks like Zichis, redstarex, stocks in the insurance section etc)


Now large cap, high volume stocks are usually tied to companies earnings, dividends, interest rates, inflation, FX, and corporate governance and policy.

So, high volume, large cap stocks usually recover eventually "quickly" after bubble burst, correction or crash. But you can't say the same of crypto or low cap speculative stocks as they usually take long time to recover.


So to your other question, Can forthcoming elections affect stocks negatively?

The answer is yes, because before elections markets often become nervous, volatile, cautious and foreign investors especially reduce exposure. If you ask me why.

Well it's because, Investors hate:
uncertainty, policy surprises, instability risk

Foreign investors may wait until election outcome is clearer and stability is confirmed in the country.

EWY, FLXK, or FLKR. FLXK is the least volatile and more steady; it gave me $612.

Niiade:
My Oga, whose cousin is this, make I begin advice my younger brother wey dey outside to buy these things so. 612 na salary o

I tried to pull out some bad days of Koru; if this happened in NGX, no one would ever trade again.

Bluearrow:
Thank u for the detailed explanation as always.👍 Seeing speculative stocks doing numbers was what triggered my concern. Anyone that can survive cryptto futures can survive anything, I think cryptto futures is the most riskiest trade as far as anything trading is concerned. Na spot trading I waka reach.

CSblackpink:
I tried to pull out some bad days of Koru; if this happened in NGX, no one would ever trade again.

True

Ogborokiri:
Please can you recommend 5 stock I can buy and hold for the next 5 years

GTCO, ZENITH, Stanbic, Dangote Cement, MTN.

But only buy when ASI goes down, so it doesn't take long to breakeven or if you choose to buy now, always average down when they dip.

Zedcrest might possibly be into loan also. Anytime I reach bongo, I will join Zedcrest. Those guys surely know their onions with what is happening across all other FMs.

Niiade:
Zedcrest no dey gree o where dem dey see the money

DataAnalyst2022:
Zedcrest might possibly be into loan also. Anytime I reach bongo, I will join Zedcrest. Those guys surely know their onions with what is happening across all other FMs.

I said the bold last week too, might be possible. Even CSOF I suspect they are into loan too, reason they put a 1 year lock period on the investment.

Bluearrow:
I no understand the magic zedcrest is doing these days, they no longer record loss, even if the market is red. Abi na money lending those people con dey do

Iamblessed8888:
A sharp 2.07% from Zed

How do you check the updates from Zedcrest?

temi4fash:
How do you check the updates from Zedcrest?

Ytd yesterday was 109.05%, now it’s 109.04%. Maybe mine hasn’t updated yet because I can’t see the sharp 2.07% yet 😀

talk2bola21:
Ytd yesterday was 109.05%, now it’s 109.04%. Maybe mine hasn’t updated yet because I can’t see the sharp 2.07% yet 😀

There was no trade yesterday so YTD should remain the same.

temi4fash:
How do you check the updates from Zedcrest?

Manually. Old balance minus new balance

talk2bola21:
Ytd yesterday was 109.05%, now it’s 109.04%. Maybe mine hasn’t updated yet because I can’t see the sharp 2.07% yet 😀

Check by how many percent did your money increase? New balance minus old balance divided by old balance multiplied by 100

AI can do it seamlessly

So stanbic is telling me that they made a loss on Friday with ASI at 2.10%. It's okay!!

Are you overseas, bro? Dive into some foreign ETFs to ease off some drama.

Arizona86:
So stanbic is telling me that they made a loss on Friday with ASI at 2.10%. It's okay!!